The company is funded into production and can make approx $20m in the first year. That is more than the current market cap. How many emerging mining companies can do that? They also have another larger deposit up the road and 28 more obvious targets to drill. It looks more than likely that these guys will end up with decent mine life.
The company is also well placed to find more deals. The stock is very cheap. I think it should be 5c plus today and 10c as the money starts to flow in. Dyor.
SL1 Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held