I checked their assays and geological appraisal documents with gold mining standards. Looks like they have high quality reserves under conservative assumptions and gold at $1200/ounce in the appraisal.
Ada Vein West has 1oz/ton, though Otto Vein has the most volume by far with 0.5oz/ton, so actually the most value.
This is some serious value here and their digging 5 tons per day in the Ada Drift Tunnel, not next year, but by year end, within a few months, makes me very excited.
I don't think the average trader on iHub recognizes the size of company coming into what effectively was a shell. I cannot see how, with a 3.2mn share float for at least the next 2 years can stay under a few dollars for too long. We should be over $1 early next week imo, and won't look back after that.
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