Friday, October 06, 2017 12:18:59 PM
The problem is the management rather than the asset. If somebody could buy them out or do a shareholder revolt and replace the board, you could be looking at a 50X increase in market cap even after doing a raise to put the mine into production.
Seriously, I'm looking at several small miners who are bringing mines on line. Northern Vertex / Golden Vertex has a small mine near Oatman, AZ, that they are bringing on-line this Fall. They currently have a market cap of $110,000,000, and I would expect that to increase to $150,000,000 once they are on line.
There is no reason why somebody couldn't do that at Osceola - it just won't be these guys.
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