The irony in this situation is 5m oz could be pretty low in fact, Frasier Mackenzie is already estimating 5.8 million with the potential to grow even further.
With every successful 50m step out hole that adds a potential 300k ounces to the deposit. I remember reading an article that stated the deposit would be 6-8 million ounces if they reach the 1500m strike length. Well we're already at 1300m without any signs of slowing down. So eventually someone will have to take notice and this will correct huge to the upside IMO.
I keep saying I'm shocked this isn't over $3 yet and I honestly believe that, not just because I own a ton of shares but because the valuation alone is so obvious.
Hopefully we'll get some drill results tomorrow or Wed and we can start making moves upward to $3 and beyond, so frustrating. At least it looks as though all those warrants are gone now and the selling pressure has subsided. Time for the next leg up methinks...
GLTA.
Gamblor.