Going from 0.7c to 17c in a year (a 24x return!) is amazing stuff.

Not my usual bag, but had a closer look out of interest.

The reason for the pop is that Auteco has struck gold -- literally. A tiny little minerals exporation company has grown to ~$274 million market valuation after announcing that their Pickle Crow project in Canada has discovered 830,000 ounce deposit.

At current gold price, that's ~$2 billion worth.

So perfectly sensible for shares to re-rate so significantly.

But the proposition now is very different to when shares were only a few cents. The reality is that to extract that gold they need to move around 2 million metric tonnes of dirt. This will take years and a LOT of capital investment. We don't know what the gold price will be when they are ready to sell.

To get a read on value you'd need to have a good idea of the cash cost of production and the production rate. As well as have a confident view on gold.

Also be prepared for more capital raisings and a lot of volatility.

Way too hard, and too high risk, for me.