It's definitely an interesting company. A lot of insider and institutional ownership which leads me to believe the ramp up in production in the future should lead to higher earnings.
The only reason I don't like these companies all that much and choose to not invest in them personally is a lot of them are based on forward expectations which are relatively unknown. Obviously this is the same with any company but we can predict lets say..... Enbridge's likely future earnings with much higher degrees of confidence than a company like Aya which is pretty much just starting to ramp up production in a big way. When we look to earnings projections, the company is expected to go from 3 cents per share to over 60 cents per share next year.
The difficulty we have here is when those estimates aren't hit or even more amplified is if the company cuts guidance, whether it be due to higher costs, mine delays, or any other thing that can significantly impact a miner. Case in point, back in October Aya cut its guidance because of some mine difficulties and as a result its share price cratered from $19 down to the $10 range in very short order.
If things go smoothly these companies present high rewards to investors because earnings can vault in a very short amount of time. However, when we run into difficulties, it gets to be so volatile there are very few retail investors that can stomach it, myself included.
I tend to stick to major miners if I am looking to take a commodity position. Yes, I do miss out on the large upside a lot of junior and exploration companies offer but I also am sheltered a bit from the volatility by choosing companies that have had profitable mines in operation for years.
This is a high risk/high reward company. If it fits within your overall risk tolerance, I think there is potential here. But be prepared for huge price swings in either direction as they move closer to production on some of their expansions.