Demoniaco, the market cap is the share price multiplied by the number of shares on issue. Correct?
My entire argument is that the low share price is CAUSED by the lack of very simple, basic information about progress, not the fundamental value of the company's assets. Your own words have explained it perfectly "but considering there haven't been any announcements (aside from mandatory quarterly reports" You've hit it right on the head.
That value is just waiting to be crystallized by the two very basic outcomes, the TO agreement and the grant of the ML.
There is no impediment to either of those being granted, but, the TO process is painfully slow with many time consuming matters that are specific to the aboriginal culture, not the gold at Agate Creek.
Just because the MC is so low, is not always a cause for that company being speculative, it's just that no one's buying,(many are accumulating) when they know that they have to wait for the rituals to take place and management not providing progress information. There are simply many more other active stocks to punt on.
See what happens to that SP when, not if, those two factors have been finalized!!!!
My positive attitude is purely based on knowing that there are only two un-complicated, just, time consuming, routine matters that have to be finalized, before mining of that $600 million, 20 cents per share, worth of proven gold can (and will) commence, and that's just from 689 hectares, only 10% of their property. I'm still buying.
LNY Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
