Sunshine on a Cloudy Day! Buy 1 Get 3 Free!1. First happy thought is we actually have a newly commissioned mine that is not only going to be dramatically expanded but is literally built on top of a high grade underground mine which we are currently exploring at depth! Not only are we trying to increase reserve ounces but the grade may increase by 500% or more to supplement the expanded mill! An almost unheard of positive situation that should be funded by the current $1billion state of the art Magino mine which is worth considerably more as it is than our current marketcap! Basically you are getting the expansion and underground potential for free at this price!
2. Florida canyon is currently getting zero value but has a ton of potential especially since we now have a specialist on this type of mine improvement in the game who has done it before and results are already being shown! I have seen low grade heap leach mines such as this once they are humming commanding valuations simillar to our entire current market cap but now we seem to have a higher grade sulfide beneath to make a real earner out of this that is being targeted this 3rd quarter! Regardless right now you are getting it for free with Magino!
3. The Mexican assets are also getting little to no value assigned to them in our share price. If management can sell them for say $120 million which doesn't seem unrealistic considering the cashflow they are currently throwing off! Regardless of whether we keep them, expand and grow them or sell them, once again they come for free with Magino!
The point is the current market cap is not even reflecting a commissioned Magino in it's current form. Everything else is basiclly tossed in for free! I see many TSX listed juniors with mines or developement projects much worse than our Mexican assets or Florida Canyon trading at substantial market caps, definitely not free! This company has over 5.5 million ozs in reserves, and over 11 million ozs in measured and indicated resources and a multitude of operating mines! Guessing approx. $100 million cash in the bank currently with Magino done and all this and gold in the $1900's. This is why the Shorts aren't getting my shares! VERY LONG AR! Just my opinion and good luck to all.