There are several write-ups on the company, and you can find them on their web site. Also, several newsletterwriters have this one as one of their top picks.
Basically, the likelihood is that they have about 4-5 mill oz of gold equivalent (silver included), and expect that they can double that by additional drilling. If they can prove up, say 10 mill oz gold equivalent, the stock could be worth @ $50/oz, at about US $500 mill market cap . At 35 mill shares outstanding, the stock could get into the double digits, in US $ terms. Also, if in fact an intermediate or major producer is really after this one, then a takeover could come at a higher multiple.
One of the best stories around (I am biased, as a shareholder).
Dan |
