re how much under valued9 Nov 2019 12:33
Personally, when the sign off is done re funding for Ethiopia, I'd expect a quick rise to 1.8p, followed by a further push up to 2.4p if the Suadi drill turns out positive.
Of course it could go higher but we are in a very tough market..
There does seem to be a huge disparity in MC, I think this is mainly due to funding IMO, so when it is confirmed I would expect the SP to catch up, so tp speak.
Hence the big rise on initial reaction to the funding news being very close.
This is only my personal opinion and I'm not happy with some on here saying we have what SOLG has, if you go and have look at the volume at Cascabel re amount of gold, you will see why.
I can post it for those who cant be bothered going having a look at SOLGS MRE2 results, with MRE3 due very shortly by end of the year.
I don't think it will get to the 3-4p solely on the news, although I hope I'm wrong.
I'm going to hold this longer term as with an average go 0.7p, over time it could become a multi bagger for me.
Imagine the SP when the gold is being produced st the mine which is due to start 2021 I believe?