I am looking
I am taking a look here after hearing about this from a podcast, QTR. It looks interesting.
The big variable is what happens with the price of gold. For whatever reason, the price of gold seems to have started to move up this year.
I noticed in their presentation a NPV at the higher price of around $900 million. Based on a current market cap of around $200 million the stock should move up.
The big obstacles are that the project will require something like $400 million to start, plus the company is projecting a year or two of losing $10 million, so someone is going to have to fund this to get the value.
The ideal situation, I think, would be for a large company to do a merger in an all stock deal at a premium to the current price.
Louis J. Desy Jr.
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