RE:Terrible Quarter We have a producing mine that we own 100%, if we hit big gold nuggets, we have immediate exposure to the earnings that come from that.
We have a big exploration that has proven molybdenum and copper resources, with potential for a copper porphry at depth, and don't forget the gold and silver anomalies. I don't know if you looked to the molybdenum price recently but we are almost trading at 20 dollars a pound, im curious if we can break it in the coming days.
Also the possible joint venture for another exploration project that was recently talked about is still in the cards.
Than the shareholding from the sale of toiyabe.
And we still have enough cash in the bank at the moment, and management can sit on this pile of cash like scrooge mcduck, but exploration is important, it could give us the possibility for growth or ongoing operations at current level.
The company is diversified: mining operation 100% owned and in production, exploration projects (100% owned), shareholding in external company, possible joint venture, cash holding ($8 million), future investment possibility, exposure to gold and silver, copper molybdenum, tungsten, cobalt etc.
We are currently far below fair value, we could be heading to 0.10 if you suggest but the valuation we are today is already insane by any metric.
But at the end of the day markets are full of surprises.