Q: Your analysis of this small cap now that has been around for a bit?
Do you thiink it has leg's?
Thanx
Gary
Do you thiink it has leg's?
Thanx
Gary
5i Research Answer:
With a 105% one-year gain, market cap is now $309M. It has $48M cash, but no revenue, losses and negative cash flow. It has a nice summer exploration program planned, and a recent acquisition has expanded its land base potential significantly. There has been a bit of (net) insider buying this year. Still, it is all going to depend on exploration/drill results, and sector sentiment. Momentum is solid, but risks remain high. We have nothing against it but it is hard to call and not generally our type of stock. It had solid assay results earlier this year and if it can expand its deposit with profitable reserves we would expect the stock to continue to get noticed.