In the interests of starting a more positive thread, and perhaps in the interests of gaining an insight into the undervalued nature of BTV, I am keen to hear what others see as comparable gold stocks in Australia, with resources between 1 and 2m oz. (The current drilling at Gullewa was designed to being the resource above 1m oz, which one would hope that 4 months of intensive drilling will achieve.)
I guess each company is going to be different, and maybe comparisons are difficult.
I have been looking at Crescent Gold which has an enterprise value of about $50A/oz, but the grades seem low to me.
If you take the cash out, and the impending investment in Thor at sale value only, and assume 1m oz, the EV of BTV is $19A/oz.
Others views/insights would be interesting.
In the interests of starting a more positive thread, and perhaps...
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