Crazy valuation Yesterday the m.cap was exactly cad 100 mil ( with the new count of shares outstanding .13.275 milions)
This was below the sum of cash and property value . Nothing for mene and nada for the core business of xau .
This is somewhere a royalty business now. With NO debt .
The switch gold/ rental property was a masterclass coup from Roy.
The true value of xau is above cad 16 .
Add to this Roy is maintening a cancelkation rate of share at 1% a month ( !!!!) and you have the surest gold stock in the sector . Opinion Gl .