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Tuesday, October 01, 2019 9:30:48 AM
Plus further mine expansion and multiple mine acquisitions underway and rapidly approaching.
Company currently mining, expanding and growing revenue based on Phase I drill program results.
Company due to present preliminary results of Phase II drill program which will drive further expansion of existing mine/property production.
Company profitable with high margins - estimating $6M GM this year -> at Q2 results, 6-mo GP = $2.75M with $2.3M NET PROFIT)
Company sitting on a lot of cash to pay for drilling/expansion.
Company due to receive 2nd installment, $9M, of total $34M investment from Chinese conglomerate investor.
Analyst price targets $0.09 near term and $0.24 long term.
See complete analyst report here:
https://www.goldmanresearch.com/201909041251/Opportunity-Research/fast-growing-profitable-very-undervalued-resource-play.html
...or see complete report image in a post here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151085382
See 6 near term news and update catalysts:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151253726
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