Hello Brian,
Thank you for your in-depth analysis,
I would like to bring up a couple of pointers.
The 15million cap raise is been used for Exploration, NOT to pay off debt.
They are upgrading to unlock the 1,300,000 Resource.
500,000 ounces of oxide and 800,000 ounces of Sulphide The upgrade unlocks the whole resource.
100,000 Ounce producer is 100 million undervalued compared to peers
Your article refers to the past not the future..... they also have 20km of GOLD STRIKE UNTESTED.
I think MOY is extremely undervalued.....
PNR has less gold and is valued at 70mill MC more
MOY Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held