You could say the same about practically any biotech company. 

Just look up Amarin AMRN...burnt cash for many years.  Today's market cap $8 billion.  Or the Medicines Company MDCO.  Burnt over $1.2 billion in just the last 4 years; to be bought out at $7 billion.  Arrowhed Pharma ARWR.  $33 million market cap in 2011, burnt through $300 million by 2015 and had a market cap of US$323 million.  Today: $6.5 billion.

I think you are looking at it all wrong.  Since you are in Canada, you should think of a mining company with a super high grade discovery...say 50 meters at 10 g/ton gold, starting from 5 meters down.  What value would you put to that?