I've been putting together some data which may help this discussion. It is a WIP and I'm still checking data for accuracy, but it will good enough for discussion. I've put down some near-term producers I have in my datafiles.
I like understanding Fundamentals and below is an extract of some of my relevant data. It is based upon FY25 Estimates.
I like EV/Oz Sold & EV/Resource Oz's as comparison measures. As you can see HRZ has an EV/Sold based upon 55kozpa Production. This would be $1,350 if $100kozpa was produced. Compare that to CYL and you have a potential upside in SP of 8x. HRZ's EV/Resource oz is also low at $75.
There are a lot of other factors that can impact SP but based upon these measures there is a lot of upside potential for HRZ.
Thess measures also indicate that Barton Gold is maybe good value. Even Black Cat still seems to have upside potential left. Cheers
HRZ Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
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