RE:RE:Valuation? Thanks CP. very helpful.
I recall Gerald mentioning in an interview that he would need around $10mil to find 2 mil ounces under the con mine, which is $5 per ounce. That is accretive even at the current depressed valuation of roughly ~$10 and ounce.
The capital raises will likely come incrementally but I think he also mentioned that he'd like to do the next raise at the $0.20 level.