Value Microcaps Junior Miners

[cl001]

SAM was never actively presenting itself anyway. I thought their strategy was to go to 1000/ton first and then to public about it. Q1 result will not be great as the company stated on the MD&A, Q2 should be at least back to normal. If they can develop the much higher grade material they recently discovered, the result can be a lot better.
Disappointing? For sure. By the company was cashflow positive and has over 5 million cash in the bank. That's very different than screw up juniors who desperately need financing, like AUA. Its 1100ton/day mill probably worth the current 20 million market cap. I remember TGB has a screw up quarter, same was RNO, but good companies can recover quickly. I don't know SAM is a good company though, I have to see what's happening in the next a few months.
SAM is going to present at NY in May, I will try to talk to them.