LODE is in gold and silver mining. I've been following it for years. Hard to compare to the company mining 20,000 ounces of gold equivalent ( gold + silver ) in 2013 of course, but still gives you a perspective.
If anyone watches Gold Rush, Parker and his 3 ppl crew got 1000 ounces this season , and they are 'mom and pap' operation. LODE has a huge operation with 120 people on the ground and, of course, huge mines and large equipment park.
2013 results - $24 mil revenue, $21 mil loss, $8 mil debt, $2.4 mil cash. Operating Cash Flow (ttm): -10.28M Book Value Per Share (mrq): 0.29
Share structure - 74 mil shares. Share Price $1.69 Market cap $123 mil P/Revenue = 6
My point is - LODE is getting a lot of gold, they are still in red and will be for a few years or unless gold goes up another 30%. But despite all this their capitalization is huge - $123 mil.
When Canwealth starts mining its valuation should be much higher than 15mil they gonna get from IPO. Hopefully they can start this summer. And remember - QC is not Alaska , these is no permafrost, no subzero temps 4 months a year, people can mine all year long.
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