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This looks like a company worth owning!! They have a property just waiting to go into production with 1.3 million ozs. of gold and the possibility of expanding that reserve. They are entirely debt free and have a little over $300,000 working capital at present. Their production costs on this property is around $190/oz. They are presently waiting for results from heap leach testing which may allow them to go into production at much lower cost. Apparently, they have a book value of about .70/share. Currently trading at around .20. It is a steal at these prices!! |