I understand they are still waiting for assays from Guyana. Canadian update still around the corner. I had emailed the company a couple times these past few weeks and kept getting a response that they would release a Canadian update very soon...but "soon" has come and gone a few times already. So we just sit and wait. As long as the drilling keeps going thats the main thing. I'm really excited for the moly property hopefully they will start sinking those holes again soon. They believe they have 100 million tons of aprox .07%-.09% moly and are hoping to multiply that to be much bigger. So think of it this way...
200 million tons at .07% moly using a low price of $15/lb could be worth about $3.70 / share (insitu and after tax). 400 million tons - $7.4 /share. Will this not be worth the wait!!! ??? Hopefully Guyana will come to a few million oz gold and that could add some nice value as well. Add our other projects to this value and things are looking very nice!
I hope you guys are in DRV/MMG as well. I'm not trying to pump but you know it's the same management and they have something REALLY big in Peru. Check out Agorocom macmillan forum and read my post on "why i buy drv" for a summary.
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