An very good example are https://greatbearresources.ca/ This company has been continually drilling for around 2 years. They still haven't declared are a resource!
Market cap is almost £400 million! Share price has gone from 50cents to over $16 in that time
Reading the broker note has confirmed my thoughts that H&W is the medium term value driver! They just need to get through the next few months until break even. Potential EBITA is enough to get an experienced CFO of a global company excited ! That's very reassuring to me. The seller will subdue the sp for a while yet imo
Panther acreage is around 100 kilometres from the Hemlo gold mine that has produced 22million oz of gold to date. The same greenstone belt comes to the surface on Panther's land! Hemlo, on the other hand, had 500m of overburden to remove.