You look at a company like IGR has a cap at 491 mil ...produced 100 000 ounces last year ..ok reserves look twice as much at this stage.
Now we have UML market cap 69 mil produced 50 k oz a year now i know there is difference between the price to get it out of the ground like a few hundred dollars and ounce but really this stock has a few other projects in place plus they have more cash in the bank then IGR and less debt .
So in my book this might be the cheapest Gold producer on the market.
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