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Message: PDAC - Anyone going?

Would like to, but nope.... flying across the pond to attend PDAC won't happen for me this year.

We're a bit stuck in the 1.90-2.10 range.... in my opinion, with more infill drilling confirming the resource, we should move at least to an EV of 500-550 mio (= 10% AV in the ground; SP = 5). This move could take some time but will/could probably be accelerated by a higher gold price. In the case of a takeover by Kinross or some other major (what I think eventually will happen) the aim should be a SP that reflects a 20-30% of the 'in the ground AV'. In that case a fair EV value would be a SP between 10-15 CAD (if shares outstanding = 100 mio). We'll see what happens.

GLTA

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