Seculator:
> I think stocks like GOR, show that there is appetite for gold stocks when their story is well told.
> With an MC of $275 million.. and no plant, no production etc etc... I see no reason why ABU
> cannot reach such levels especially if they have some exploration success
Yeah, I've disucssed this too 'Spec. GOR are still explorers, will NOT be producing gold until 2018 - 2.5 years away, yet have over 3x ABU's market cap?! Makes no sense to me, only diff is that have a JORC-ed resource IIRC? And most probably better marketing too ...
So with us having started production, good indications of 40-60k ounces / year @ $800 +/- AISC, we should have @ least that MC, so 80c/share right now ...
Is there no "justice" in the market?
Ann: Commissioning of Old Pirate Mine Reaches Major Milestone, page-25
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