Amazing comparasion between this special metal hopeful GBE and a copper hopeful DML, both in Africa, and both just completed scope study or prefesaibilty study.
GBE vs DML
Share on issue: GBE 67m vs DML 130m Market cap. GBE $18.5m vs $63m Cash (last qtr) $8.9m vs $8.7m Resources IGV: $4b vs $4b Capex: $175m vs $185m Annual margin: $98m vs $99m Payback: 2yr vs 2.25yr ....
Basically, both GBE and DML has almost an identical project in terms of size and profitablity, but DML is worth 250% more than GBE.
I cannot complain too much in such a bad market condition. But 250% valuation gap is a bit too much...
GBE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
