I'm pretty much of a newbie at this game but...

...What I don't understand is how come Wildcat Silver (TSX.WS) that has a MC of 112mil. and still hasn't got a spade in the ground, can be trading at .86, when Aurcana, with TWO(2) producing mines and a MC of 380mil can only manage .83??

Could it just be as simple as that WS trades on the Big Board whereas Aurcana is on the V?