Either I am missing something about this stock or a lot of other people are. Their net income was 5c per share for the last Quarter, and they are still ramping up. Their target is to get to 100,000 oz per year, and the last quarter was only 20,000oz. They consistently make their targets. The gold loan will be paid off in August, which means an increase in profit for them starting in September.
If the price of gold stays the same, we should be looking at 40c per share minimum earnings starting a year from now. And earnings should only be increasing as we go along.
I bought in a couple of weeks ago. I bought more yesterday, and more again today. I guess I will have to wait a while to see if I was missing something, or most everyone else was.
Bob