RE:RE:And here’s the weekly wrap-upUnk - well we got a few pennies out of the gate on the back of the TRQ improved guidance, and just generally there seems to be some rotation looking for value in the miners as people shy away from negative real interest dollar and debt instruments.
But it has has been a long, long ride. Amazing to me that the market doesn’t understand the huge leverage and upside with a mega-mine that is substantially built-out already. I know i’m beating a dead horse here, but the SSL people, who make their daily bread by crunching numbers over mining valuations and cash flow projections, still buying, still saying the annual cash flow in a few short years will exceed the entire market cap today.
HNE Lift 1, with robust gold and copper pricing, is probably worth a NPV to ETG climbing towards $150 million USD ... and that gives zero to Lift 2, further resource expansion, an expanded mining plan, Heruga of course, the ongoing drill play looking for a flanking gold deposit ... ha, I say “looking” but for years have wondered, watching how they have bickered and ground down each other whether the better word might be “revealed” a flanking gold deposit. Like a lovely multi-million ounce shallow pit, a money pit that can up the value of the ore through the concentrator at any time.
Dare to Dream. Better days ahead surely.
OptimistGent