Guys,
Interested in a discussion on relative market caps of a few junior producers that I know the stories of pretty well
MCO's MC is fully diluted, as we know MCOOB is underwritten.
104 mill MCO
125 mill BDG
88 mill HEG
179 mill IGR
A couple of points that stick out to me are as follows, and I welcome any comments,
1. WA goldies (IGR) are valued higher than LFB goldies, probably for recent history reasons (failures in the LFB)
certainly not on resources or profitability.
2. MCO are by the look to me pretty fairly valued at the moment given where things are at, still 6 months till plant is fully operational.
3. HEG are a little under valued probably due to plant constraints.
4. BDG are quite undervalued by the look of it to me, given Bendigo and Hently production (and recent drilling success) and cash on hand.
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