Quite agree Sam,
at $ 3.00 per share and 230 million shares we're looking at a $ 630 mil market cap valuation for the company. If they come in with a million ounces of proven reserves which may not be impossible, but could very well happen, it would put you immediately into the ballpark for a home run.
As to the rest ....well....as FDR put it many years ago,
" The only thing we have to fear is fear itself "
I see a lot of misplaced fear just about every day by folks that seem to enjoy " Chicken Little, the Sky is falling " more than basic facts. All you have to do is listen to the financial news media clowns covering " Wall Street ", where fear of another 25 basis points ( a quarter of one percent higher interest rates, which is now 5.25 % for the overnight bank lending rate , drives them into a tizzy and sends the DOW spiraling down 200 points ) Of course the next day one company reports good earnings and the markets fly upward as if that one company represents the other thousands of companies......
Many young folks don't remember the late '70s where 14 % interest on a home mortgage was considered normal. Strangely....the markets and companies not only survived but did quite well. We seem to have more folks betting on the negative than reality these days. ( look at all the " Shorts " - of course those folks are suffering from another common disease, " FADS " , Financial Attention Deficit Syndrome )
I'll just vote for the $ 3.00 per share now. I like it !
You're also right on the main point.....not a darn thing has changed in 10 months except that we are ten months closer to getting the gold ore processed. I've said it before and will say it again......the company is in the mining business, not holding pesky little shareholders hands and soothing them with feel good PR's every five minutes. " EAGM, swing those picks, lift those shovels, move that ore !
And EAGM, while you're at it, could you also send me 100 pound bag of 100 % Colombian Supremo Java beans from your other mountain....my other favorite commodity.
