Post by
frances1 on Nov 23, 2021 9:04am
Boom $20 an ounce
$160 Million for 8M ounces but we have $20M in cash so now we are below $20 an ounce for valuation......so net mkt cap of $140M and it is time to merge with MFG and have over 10M ounces less than $20 an ounce
Keep drilling!!
Comment by
invest13 on Nov 26, 2021 5:28pm
Why merge and dillute when we can get there ourselves.
Comment by
frances1 on Nov 27, 2021 3:08pm
No dilution...just merge their asset with ME at the same cost per ounce which is less than $20 I think the camp becomes even more valuable....land size and potential to reach 15M ounces....that plus a 400k production profile and we might get a good premium
Comment by
invest13 on Nov 27, 2021 4:13pm
I do not think the quality of thier ounces is close to ours . I think we have much more potential to expand our resource as underground and open pit operation with a low cap opportunity. IMHO