RE:Market Cap is only $123MLooking more into at thier capital structure ...
The Company also has about $45M in Preferred shares (similar to secured debt) which has to be taken into account.
All in all seems like a good entry point now - hope they can whittle down thier common share count and preferred shares thru thier open market purchases some more and make some more big gains during this gold bull market.
Also looks like built up huge captial losses and operating losses during the slow years (i.e. they should not be paying any income tax for long long time).