The example of Big RidgeBrau...6 cents..market cap $11 million.
1.25 million ounces at over 2 grams plus 147,000 ounces in tailings.
Very good assets but as a pure exploration play , without a source of gold processing, it has stranded assets .
That's why it has such a low valuation ...it would cost $300 m or so to build that mine at Hope Brook.
But those assets would be very complementary to Maritime's Deep water transportation and milling facilities .
Have no idea as to whether Dundee might consider such an acquisition or JV..