My understanding is that there is a proven 2m ounces of gold in the ground. by international standards its valued at $70 per ounce. So that values the company at $140m . not $25m presently. Hardman is a little ambitious re the mining which is not soon but 2 plus years out. However further exploration might increase the in ground value by a number of million ounces. With the aussie going down one has to put ones money elsewhere why not gold. I wish to invest in gold but future and exploration gold companies like CVY with low cost expectations like Oceana in the Phillopines.
CVY Price at posting:
13.0¢ Sentiment: ST Buy Disclosure: Held