RE:link to directly report Their target is 0.51, mine is 0.44
Either way, and even factoring in a board that's good at mining but absurdly bad at IR, this is astonishingly undervalued.
The stuff that really was a bit dodgy is ancient history, and this is now as good a stock to speculate on, with as clear a path to success, as anything I can think of.
Do they treat their shareholders like mushrooms? A bit. But at the same time, Cathy has done a fantastic job managing cash. It would have been all too easy to blow our money and crawl cup in hand to the market, diluting us to nothing.
Think of it this way: if they did a 10:1 or even 50:1 reverse split, how much better would the optics be? Much better, right? But it wouldn't actually change anything about our fundamental position except the optics, and it burns cash. Cathy knows better than to waste effort on something like that, and I for one appreciate that.
The lack of promo, lack of info, etc. kind of works both ways: they're not doing anything to pump us up - far less than they legitimately could - but at least we aren't getting a torrent of fluff and lies, either. Once you get to know it, this devil is a pretty good one.