stocks like bdr, try pru are valued at discount to nameplate because they regularly dont meet guidance
the market pays a clear premium for +200koz reliable aud gold producers
theres a discount if you have
- non aud gold exposure
- sovereign risk ie west africa, south america
- have unreliable operating performance
factor that in on an ongoing basis and you;ll start to pick the right ones
but bear in mind gold currency preferences change, mining reliability changes and mine lives end - which is why rsg has gone from hero to discard atm - its having to radically retool its mines to create new mine life - effectively its building 2 new mining operations - but has the benefit of established processing facilities, some recurring cashflow etc
