GOR 1.72% $1.71 gold road resources limited

All time highs, page-300

  1. 230 Posts.
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    Interesting discussion regarding comparison to peers.

    If we take a peer group of EVN, NST, SBM, SAR and GOR, and have a look at Market Cap v. Production, v. Resources and v. Reserves:
    • Market Cap v. Production (most expensive to least expensive): GOR - $10,548; NST - $10,285; EVN - $9,544; SAR - $7.529, SBM - $5,030
    • MC v. Resources (most expensive to least): EVN - $456; NST - $442; GOR - $391; SAR - $304; SBM - $162
    • MC v. Reserves (most expensive to least): NST - $1,133; EVN - $1,042; GOR - $758; SAR - $651; SBM - $32

    Caveats:
    • This is my first attempt at this type of analysis - please call out any errors, but as always - please DYOR.
    • It is a pretty volatile time for this type of analysis - SAR and NST both buying into Super Pit (50% each), other M&A also in play
    • I've excluded the base metal byproducts in evaluation (biggest impact to EVN).

    Summary:
    • GOR appears to be middle valued (v. this subset) for Resources and Reserves.
    • GOR appears to be expensive for Production (could be that the market has priced in some of the production ramp-up already).
    • SBM consistently appears to be the cheapest stock against all 3 measures.

    https://hotcopper.com.au/data/attachments/1989/1989666-a09531612615e176e4a16b43f6066849.jpg

    Disclosure: I hold GOR, NST and SBM.

    I'm looking for another junior miner 1 - 2 years behind GOR's recent developments (first gold, promotion to ASX300 / ASX200, joining GDXJ, tier-1 jurisdictions, etc.) - keen to hear any suggestions.
 
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