With CMGP and Rover (excluding other projects) showing a total resource of 2,994,600 ounces gold equivalent - (x $1659 (todays gold price) gives value of $US4,968,041,400.
WGR with Market capitalisation of A$103,540,000 is underrated by a factor of over 40. Obviously there will be some cost in extraction and refining of ore, but some disparity between MC and true value does seem apparent. Is there an industry standard factor for ore/value determination or is such an approach too simplistic?
WGR Price at posting:
25.0¢ Sentiment: LT Buy Disclosure: Held
