1) IMHO a $35 Million company who goes it alone has to start slowly - aka open pit first. Pouring any amount of gold no matter how modest changes how the market views a developing miner.
2) My point in #1 is that albeit no walk in the park, financing more modest open pit mining is considerably more realistic than going deep. Kinda like football.
3) It seems to be much easier for producers, no matter how modest, to then be listed on the Toronto exchange. Having .TO as a suffix will help the SP IMHO. Example of this - modest silver producer GPR got Toronto-listed about a year ago.
4) There are very few $35 Million market cap gold companies who actually mine. But most who did became way bigger. At some point you have to stop reading books about golf and go to the driving range for a bucket of balls - ready or not.
Strike