Q: What is your assessment of this small cap company pals. Is there much upside for a company like this?
5i Research Answer:
PALS does geochemical testing and analysis for the mining and exploration sector. It has not been public for too long but is backed by Eric Sportt and McEwen Mining, so the institutional support looks good. It is on the smaller side but it is generating revenues with roughly $6 mln in revenues this past year. We would prefer to see a few more quarters here but it looks interesting.