News Focus
News Focus
Followers 2
Posts 178
Boards Moderated 0
Alias Born 03/16/2010

Re: Mitch11 post# 7972

Thursday, 04/11/2013 1:00:33 PM

Thursday, April 11, 2013 1:00:33 PM

Post# of 8738
.30 would give this a market cap of almost 75 million. They have some property in chile. They have to do a lot of drilling at some really decent depths, then do more drilling etc then do a pre feasiblity study then a feasibility study then get a mine going. They need a few million in the next couple of years before they go back to the market to get a few hundred million for a mine. Years and years away. Take a look at victoria gold, they have a market cap of just under 75 million. Have 35 million in cash on hand and have been working on their properties for years. Have confirmed they have 6 million ounces in the ground and are trading at .20. I see this company has 45 thousand in the bank and no drill results. This only goes to .30 if you pay someone to promo it.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today