Edgewater Exploration (TSX.V - EDW) for a while now and have been absolutely astonished by how low the stock has traded recently - $0.50 close today, down 60% from its year high of $1.40
View Stock info here
Why I like this deal:
1) $10,000,000 in cash
2) Resource Estimated M&I 325,000 oz of Gold and 1,149,000 Inferred* View Fact Sheet
3) Blue sky potential from Ghana property, with Kinross as a large player in the area already having a sizeable investment in EDW - View Detail
4) Drill program under way with results expected soon
5) Only approx 62,000,000 Net Shares Outstanding giving this a Market Cap of only $33million?!?
So with all this Cash, Resource and Blue sky upside, you'd expect this deal to be trading $1.00+ right?? WRONG...
In my opinion, this company is poised to be discovered by the masses at any point, and has all the makings of a huge winner.
As always, please do your own research, read my disclaimer at the bottom on the page, and let me know what you think!!!