gdo vs igr , page-16

Rmv
Keen to hear how the calculations are wrong. Interestingly you will note IGR selectively select their "peers" when looking at margins, and other comparisons.( why wouldn't the include GDO) Note also their future production estimates is based on underground development and the small footnote that the 250-300 per oz capex for underground has not been included. My point is GDO has a further advantage as most of the capex was spent last year and will be spent this year so much more solid margins than IGR with higher prod over the next three years.
Please note the purpose of the thread is not to say IGr is a bad company or overvalued but simply GDO provides far better value than IGR and most if not all gold stocks on the ASx