Valuation, page-91

I agree. To me, this is simply a question of discovery cost. Chuscal and Tesorito look great, but there's a few million dollars between now and having drilled out a sizeable resource at either of them. And unless some other funding arrangement can be found, with that will come the appropriate dilution, so we can just add that to the projected market cap by the time we get there.

Personally, I'd be happy to accept substantial dilution to get going, e.g. I'd much rather see MNC at 8 million MC with 4 million in the kitty than at 4 million MC with 0 million in the kitty. The problem is, raising your market cap's worth in capital is much easier said than done. Baby steps, hey?

Once they get some meaningful funding and the drills turning, this should do well IMO.