GMD 0.00% $2.15 genesis minerals limited

Find another company with 1.28m Oz resource and a 150M market cap.......you won't find one, page-7

  1. 11,991 Posts.
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    Hey Craw, I very much understand that as a holder of GMD, it may well look to be the best of the lot, but as others have mentioned, there are a few others that are at least, worth of attention, and potentially have, what I view, as having better resources (and reserves) than GMD (not GMD has no reserves booked yet). Nor a DFS (which both of the stocks I mention below will have in the next 6 months).
    That being said, I have been surprised at just how high this has run after the acquisition of the tenements near the main project (but well done to holders!) Oh, and I think its worth also remembering that market cap, is quite different to E/V (enterprise value)
    Here is my little list:

    CAI - 1.5m resource (512k reserves) MC ($153m) E/V($125m)
    BDC - 3m resource (790k reserves) MC ($145m) E/V($117m)
    DCN - 2m resource (500k reserves) MC ($189m) E/V($210m) (and actually in production).

    Disclaimer, I hold all three (and urge anyone to never buy from a discussion on HC!) rolleyes.png

    That all being said, perhaps SBM will finally T/O GMD and end the story.

 
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