RE:RE:Values The PEA pegged this at about $Cdn 25 to $Cdn 30 million net of pesky taxes. Released in December 2021.
so looking at the book value of $Cdn 24 million, it is pretty much pegged at the PEA which is realizable over the next 4 or so years. Pumping out tailings is pretty low risk and the time value of $ over a max of 5 years suggests the discount to book is too low regardless of the risk off markets.
i still think this has undershot given the dumping just this month - we are already at 120% of June's volume and only half way there.
Though with only 2 trades on Friday , they are either done or went to the cottage for some fishing.