On the same note we have been compared to Wafi - Golpu mine in size however that was prior to the updated resource estimate and with MRE3 due it is looking bigger.
Wafi-Golpu was estimated to have a worth of $ 9.9 billion which if professional comparison is correct would value Cascabel the same. Now with the shares in issue at SOLG then like for like would value just the Cascabel concession at around $5.14 (£3.93) per share. Include Blanca, Timbara, Porvenir, Hueca, Cisne, Sharug amongst others and you are agreeing this is worth just a quid.
I'm not evaluating the company in it's current state and I totally understand mcap but share price reflects the financial health of a company and it's prospects. Currently financials don't really play a part, until such times as a mine is up and running and we know full well what the assets are worth then mcap comes into play. To say £1 for a company that has one of the biggest copper find in the last few decades - could be getting bigger - along with over a dozen highly prospective concessions is folly.
I bought into Dragon oil at 3p per share and when they consolidated I heard the same quotes of doom that they would be lucky to reach a quid when after the consolidation the price was 64p.
there shall, in that time, be *rumors* of things going astray, errrm, and there shall be a great confusion as to where things really are, and nobody will really know where lieth those little things
1960's - Oil reserves to be depleted in 10 years - result? Taxation! 1970's - Ice Age within the next 10 years - result? Taxation! 1980's - Acid Rain will destroy crops within the next 10 years - result? Taxation! 1990's - Ozone Layer to be destroyed within the next 10 years - result? Taxation! 2000's - Ice Caps will be gone in 10 years - result? Taxation!