White, given the state of advancement of the company, and their shares outstanding, they aren't worth more than a few pennies per share. In order to warrant a higher valuation, they would have to come up with a lot of money or JV partners and do a lot of exploring, and various studies just to decide where to drill. Far down the road would be a feasibility study. Few prospective ore bodies ever turn into mines.
Compare this company to many on the TSX Venture exchange, which is a far better place for junior exploration/mining companies to be situated, as well as better for the investor, as they are listed companies with more stringent reporting requirements. Most are valued fairly. With the o/s of this company, as it stands today, a fair value would be anywhere from where it is up to .05, .10 at the outside.
If they can continue to progress slowly, those numbers should be reachable....but may take a while.
That said, I see little downside risk here. But it needs some real interest. All these posts here, and no volume today? Of course, no one has added anything but fluffy talk.
