Tuesday, May 12, 2020 9:50:28 AM
Summary
1911 Gold is a new company trying to restart the Rice Lake mine that San Gold operated.
This company is extremely undervalued versus its potential free cash flow.
It is still early development, but they have the management team to make steady progress.
Investors seem to be valuing it as an exploration company. However, it is a development company. The CEO was the CEO of Tahoe Resources and knows how to build and operate gold mines. I think he took the position because of the upside potential. Insiders own 30% of the stocks and are unlikely to sell. They know what they have.
Note: above are highlights of a previous post
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
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