In the depressed and mania stages there are hardly realistic valuations. Like there were no realisitic valuations the last few months. Emotions take control of these stages.

In this perspective I regard Metanor as one of the companies that may skyrocket to huge valuations based on the fact that they have no debt, already produce, have a very low valuation right now, have excellent explorations prospects, may realise take overs, are unknown, have great management and are located in a pretty safe jurisdiction.

Last but not least, MTO is unattrictive as take over project for various reasons. A take overs destroys the prospect of a huge valuation.