An illustration of how fickle the stock market is can be is by comparing these 2 stocks. RMS has just ann. a resource of 83k oz. of gold (I'm sure there is more)at an overall grade of 16oz./ton. It's SP has traded as high as $2.20 and now sits at $1.20 and at the moment they are not producing any gold to speak of. On the other hand CTO has a JORC'd resource of 10 mil. oz. of gold at 14.7oz./ton and is one of the cheapest producers per ton in Aus. It's SP has stalled in the $.40-.50 range for months, while producing 6-7k oz. per month and increasing. To my mind either one of these is greatly overpriced or the other much underpriced. Which do you think it is? I own both, although I have sold 90% of my RMS.
CTO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
