visible gold too.
At peer $75 US per ounce, 2 million ounces gets us $150 million US fair value ....$200 million in C$ or close to $4 per share.
Valuation multiple increases by about a factor of 3 once production begins.
2 million ounces gets us 150,000 ounces produced per year for 12 years LOM....for starters .
At $2200 US POG = $3000 POG in $C , revenues per year of about $450 million CAD .
Peer gross margin of 50% gets us operating cash flows of $225 million per year and fair value @5 times operating earnings of about $1 billion cad.
With 21 other discoveries on the concessions, that's just the beginning .
Based on the most extraordinary insider buying of any stock in my 40 years of investing, we are well positioned here for a 10 bagger..
https://youtu.be/MQ_JWfvqSNY?feature=shared