The best part of the NR is the company "still" has $95 million cash and no debt. And here we are, the market values the company at $70 million. Not only are the million ounces of gold in the ground worth nothing, but the market is saying here we will give you $25 million to take the gold away. We don't want it.
I understand many got screwed by this stock, and trust me I know what that is like. Still, setting that aside - as investing with emotion is never a good thing, Canaco has $95 million in cash and about 1 million ounces of gold in the ground that would be worth about $1600 million ($1.6 Billion) if extracted.
This company is worth much more than the $70 million the market has given it. I think we all know that. And I have no doubt this stock will appreciate when the emotion fades away.