Post by
ernesto47 on Sep 27, 2024 10:24am
crazy undervalued......
It is an easy calculation....about 202mio shs outstanding at let's say
ca. 80c....gives us about CAD 160mio capitalisation....our reserves
proven and probable are at present 20,5mio ounces! so what will you
get here: very easy....it's just for one share about 0.1 ounce gold in the ground.....I do not say it is USD 260 worth net....at present it is for sure about 100 USD for one share of CAD 80 cents......you will find
many companies with the same measely valuations in this down beaten market (I have about ten in my head) but all I can say, pray!!!!
Maybe 5000USD/ounce might change this, so we wait another two
years to see such a level, tis will come for sure!