Author makes a pretty good case as the company is more of a refiner than a miner, can tack on a processing fee somewhat independent of the current price of gold. I established a small toe-in-the-water position, will monitor. As this is the just the third message in the history of this board, obviously the stock is not followed, may be a good sign if the fundamentals are good.
Shares are still cheap. Give a base case of 8 cents per quarter for the next year that 32 cents for the year in eps or a $3.50 stock with a 10 multiple and 30 cents of cash in the books. Then assume the new mill is up and running, so double the profit, could have a $6.00 stock on our hands, trading now at $1.75.