Exploration Potential?

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With American Gold and Silver still only having a 300 million market cap, its clear the market still has not priced in the earnings leverage that Relief Canyon will generate the company in this rising gold environment. The free cash flow will be crazy, and the company can actually reinvest and expand their exploration budgets to find some new prospective zones on all these mines.

Remember, in a bull mining market – one successful drill hole can add hundreds of millions of dollars to the market cap of a company. Relief Canyon has only been 20% explored, so after commercial production does begin – it will be interesting to see how aggressively they explore the property to try to create some exploration hype like how Wesdome did!

Any thoughts?

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