OTCQX:MEAUF - Post by User
Post by
frances1on May 21, 2021 12:21pm
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Post# 33248218
Fenn Gibb valued at $65 an ounce compared to ME $25
Fenn Gibb valued at $65 an ounce compared to ME $25Interesting to find that Mayfair Gold acquired the Fenn Gibb property from PAAS. They have a market cap of $130m with a low grade 2M ounce resource. We have 8+M ounce resource and are trading at a little of $200m. I have always thought the Fenn Gibb would be good for ME however now that it is valued at this price probably not. Nice to see that they get rewarded by the market with $65 per ounce and if that was consistent for ME's resource 5 miles away our market cap would be north of $500M.