Yeh totally - MGV have far more gold, at less depth and with far greater potential to continue to discover cf. RXL (who have refractory ore too remember) but yes let's all believe the non-holder of MGV and holder of RXL.
FYI - I hold both, and even have higher % of holdings in RXL - but that doesn't mean I become devoid of logic, and consider the company who has discovered far less gold is suddenly more valuable than the one that does.
MGV Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held