RE: market cap comparison23 Jun 2019 12:47
Good morning guys.
There is no point in trying to compare US to SOLG as we are in a complete different league!!! and before anyone say something I am actually holds both....
1) SOLG has much bigger area with quite few licenses,and discoveries so far proved higher grade which put them in tier 1 position.
2)they have already has PEA completed for their first target in Cascabel (Alpala) and it's a big one!
3) SOLG has already 2 majors on their case BHP,and NEWCREST,both holds stakes with investements,and have directors on board.
4)Finally I think SOLG has much stronger,and experience management.
Now as for US,we certainly got very promising good potential here,and we are operating in safe and freindly mining country....HOWEVER, we are still in very early stage with pleny work to do to prove the size,and grades before we can convince any of the big boys to help with funds/JV. we also have some limited drilling season as weather not allowing operation during the harsh winter condition. this Summer it will be very important to get as many drills as we can with hope that results will be decent enough that once filltered to the market will move our SP much higher from this lows,so at least the next placing (something that I am sure will take place as our funds maybe last till end of year)
will have limited dilution.
Like I said I holds some shares here with positive anticipation for rewards in the not too far term but I still reguards it as a punt rather than investement at this early stage for this company. GLA.