True It is GDOs resource is alot larger but best to look at measured and indicated. Having said that GDO does have a higher resource even with this measure but PRU has higher reserves ( not by much though) and a production profile that 4 years out will be above GDOs by about 50k per annum. My point is for the slight differences we have a market cap 4 times larger for PRU than GDO so another indicator of GDO value
I am sure if we did the exercise for any gold producer and took into the calc the key valuation metrics. Medium term Revenue profile, reserves, resources. Cash costs, ability to replace and grow reserves, balance sheet strength etc I would be very surprised to find another company that demonstrates as good value relative to price as GDO.
My only regret is I didnt read the GDO thread ealrier although I feel I still get in early enough to enjoy the ride
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