RE:MOZShiftyone:
These projects look similar in size and scope to me.... but there must be major differences.
How come MOZ has a market cap of $500 000 000 ( which was recently $1 000 000 000)
How come they are worth 10 times as much as us?
As to continued drilling while we have all this money, most of the companies that are emerging as great companies are drilling non stop. So i don't understand I guess budgeting and all that stuff. So when I suggested keep drilling instead of waiting until next fall I guess I was just looking at what other companies are doing.
We are at about 60 million. These guys are worth 10 times as much as us.
Facts checking: - Projects are not similar in size: MOZ has about 40% more gold discovered.
- MOZ has a market cap of $420M not $500M. MOZ are worth 7 times than SGNL not 10
- MOZ has financed $150M for developing their project and has secured an extra $225M in credit facility.
If you really want to do a comparison exercise, be serious and try to compare oranges with oranges. To do so, you need to adjust theur market cap by removing the $150M bought deal financing, that you have to decrease it by another 40% for the extra gold they have. You will obtained $162M which is ONLY about 3 times more than SGNL market cap. Are we undervalued? Sure we are. But it's not by posting numbers on steroids to build a case on bashing managers that you will get credibility here...