You are known by the company you keepSendero has raised $ 6m and gotten wide intercepts of low grade gold-copper in their first round of drilliing. Wide intercepts are very encouraging as it shows extensive mineralisation and are much easier to mine. The grade will likely get better as they get a better handle on the deposit as they continue to drill.
It shares the Vicuna district with deposits held by Filo ($ 3.2 billion market cap), Lundin Mining has 2 deposits (market cap $ 12.7 billion) , NGex has 2 (Market cap $ 1.8 billion), and Mirasol ($ 38 million). The company says their geology is similar.
The company is trading at half of its peak price of $ 0.44 in early Feb. Gold is at alltime highs. More drill results to come and they have cash enough for a lot more drilling.
It's market cap is just $ 14 million. What's not to like?