Explorer they are. So now the value is going to be in the assets only.
$20 million cash
$20 million milling facilities
$30 million Mt Oscar
$20 million other licenses
Total $110 million (Being very optimistic)
Shares 175 million
Price per share ~60 cents.
Trading at 70 cents. Seems like a premium to me.
When the get to 45 cents it will be a good buy. Unless as I have said before they pull a bloody big rabbit out of the the preverbial hat.
