Value ExtrapolationWith the curent market cap at 31 million that is about 30 dollars per oz. of gold they have identified in the gound. Since a mine is not lickely with less than a million oz at .6 g/t then maybe the current $.18 per share is right for now. But they have been drilling and finding a lot of gold since May 2020 and lets just say they add a lot more gold in this summers current drilling program. We could be looking at 2 - 3 million oz infered or maybe more by freezup. So these numbers would make a mine and spculation grows.
The stocks we own could be worth a lot more than they are now. So I don't mind picking up a few more on this kind of speculation. Certainly seems expensive compred to the $.04 -$.055 shares but things have changed over the past year and they are about to change some more. I have attached a link on the subject. Enjoy DF
https://www.munknee.com/how-to-value-a-junior-miners-gold-in-the-ground/