RE:RE:RE:RE:Bnn talks AEMHe came in a few years ago with a great landpackage and 700k ounces. No Con mine option and the stock was $0.30.Market cap 30 million. That is $43 per ounce in todays gold price to keep it simple.
Now we have 1750k ounces in the ground after he spent 11 millionand an option to buy one of the highest grade past producers in Canada.600k ounces left in the mine Stock price $ 0.05 Market cap 15 million That is $8 per ounce.
That is how bad the market has discounted our drilling succes .Makes no sence.The more drill succes he has we get beat up every time.No wonder GP is taking a brake in drilling untill this trent is reversing. The project is not going anywhere in the short run, He got time to find the remaining ounces to proceed to the next level. He should work on the study to build the mine while he waits. Some updates on that would move the market more than drill results.