Q: Curious on this small cap with some interesting insider buying and Kinross selling recently their whole position?
would appreciate your analysis please!
Thanx Gary
would appreciate your analysis please!
Thanx Gary
5i Research Answer:
Still small at $98M market cap, even after a 120% gain this year, it is still interesting. As a developer it has a bit of cash, but no revenue, losses and negative cash flow. Its White Gold Project (Yukon) has potential and already has more than 1M defined ounces. Gold is near surface (so far) and management has good experience. AEM owns 20% and management owns 17%. Recent assays have been good. It has a lot of the right ingredients for success, but it is still fairly early here and risks need to be seen as very high. But for the junior category it looks better than many and is setting up well.