Stock is severely undervalued. Take away its investment with MIDAS (worth about 35 million at currently depressed stock prices for MIDAS) and the stock has a 20 million market cap for 7 million gold-plus (and that's not including a few of its territories). And while Mt Todd is not what you'd call a high profit-margin mine, it's a bit better than average.
Anyway, expect it to go up for no reason on Monday. Ticker is almost like the gold miner equivalent of FreeSeas.
I bought some shares at the close today for the ridiculously beat up price. If it irrationally drops further, ill load up even more. To add to your point, I feel that this might be the most undervalued stock in a sector that as a whole is undervalued.