just a comparisonI always like to do valuation comparisons. Once you do due diligence on a company and
you like where they are going finding out if this company is over, under, or fairly valued is
of the utmost importance. So today I am picking on Questex, a junior who is in proximity
of Red Chris in the Golden Triangle. They have just done a placement for for almost
$9 million dollars ... the flow through shares at .83 and the non flow through at .60 cents.
They have a similarly low float like Metallis. The difference is that they are absolutely nowhere
near the exploration stage that Metallis is. In fact they are at the beginning. Yet, they
have a similar valuation in market cap as does Metallis which just goes to show that
Metallis is so extremely undervalued right here. You can easily argue based on results and
work done and potential Metallis right now should be trading at least double to triple its
share price of .50 cents. Buying good companies is key but also buying good companies at
cheap prices is paramount. The difference doing that is what separates the excellent
investor from the one who is not doing their homework. Metallis as I have said before
is coiled and people picking up stock at these prices are about to be rewarded in a very
very very big way.