What other explorer out there has a high margin oz deposit and a first-class processing facility a stone throw away?
GCY's market cap is still undersized in relation to Never Never's market value.
Below is a Bubble graph comparison of GCY and its NN deposit containing 1m oz and the other 600koz. NN oz were multiplied by FFR's EV per oz sale price ($232oz).
Note that this does not include GCY's 40 million cash balance as its calculated-on market cap not enterprise value.
This further highlight's how comparatively undervalued GCY is in comparison to MGV.
Here's a direct comparison with MGV. Note the huge difference in grade between MGV and NN.
Media, page-212
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Last
$1.09 |
Change
-0.045(3.98%) |
Mkt cap ! $1.200B | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.13 | $1.03 | $7.184M | 6.712M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7621 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 23211 | 2 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| SPR (ASX) Chart |