This article is about ATAC Resources (OTCPK:ATADF). ATAC Resources has a market capitalization of just under $130 million. It has three large early stage exploration properties: Rackla, Connaught and Dawson Gold. The company has released some quantitative resource data for a small part of Rackla, but otherwise these three properties are being valued based upon preliminary drill results.
For an early stage exploration company $130 million is an incredibly high valuation. The justification for such a high valuation is based upon the potential resources that the company may have based upon early drilling results. While the company has not released quantitative reports as to the size of its gold resources, if the company's drill results are extrapolated it...
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