soulman
04-04-2012, 08:21 PM
Another gold exploration company I bought into today at 12.5 cents.
Approximately 69 mil shares on issue, market cap at 12.5 cents is $8.6 mil. Cash on hand of approx. $3.9 mil.
300,000 ounces of gold in JORC in mid grade of 5.5g/t au spread over their portfolio.
I see some value here based on EV.
Approximately 69 mil shares on issue, market cap at 12.5 cents is $8.6 mil. Cash on hand of approx. $3.9 mil.
300,000 ounces of gold in JORC in mid grade of 5.5g/t au spread over their portfolio.
I see some value here based on EV.