Company seems to be heading in the right direction in regards to production at Way Lingo but, what is a fair value for this company? The share price has consistently been trading around the $1 levels it is now for quite awhile, I feel the company may need to reignite the flame by finding more gold but I am not sure if they're doing any exploration drilling up around the mine. The market cap is under 300 mill so I think there is still some upside if they can show they're producing the 45k ounces per annum regularly at the cheap cost rates they advised. Next announcement/quarterly will be interesting.
KRM Price at posting:
$1.02 Sentiment: Hold Disclosure: Held