Bird in the bushSo, if we can reasonably speculate that there's 5+ million ounces of recoverable gold at Sugarloaf, this story just got MUCH better.
I think Michael Gentile is 300% correct calling for $3-$5 million drilling program to show the market this isn't just conjecture or a promoter's dream. In Arizona, providing there's no native cultural interest, even if this is on federal land, such a resource could easily be worth $200 per ounce in a takeover.
Simply because it's in the USA.
Soooo, 5 million oz X $200 per gives you $1 BILLION. Choose your currency. Let's be conservative and say $Cdn. With some 125 million outstanding fully-diluted shares (ballpark estimate) that would be $8 per.
Drill baby, drill. Proove up those ounces and good things will happen.