not particularly cheap compared to some other small producers when you take into account the capital raising...at 1.3c market cap will exceed $50m...you can pick up Oceana Gold at 46c with a market cap of $120m ($180m odd fully diluted) and $80m cash in the bank AND producing 250000 ounces this year....if they come back under 1c after capital raising they are worth a look though...
1.6 cents for a nodebt unhedged gold producer, page-7
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