fish you are correct, however pru had one big advantage the raised alot of the cash for exploration, development capex in a gold bull marlet at robust SP levels thus less dilution. by doing so their hedging was less
the challenge in this environment is rasing money using equity is very dilutive and rasing it usin debt will require alot of hedging
also theoritial grades vs actual prod grades as still a risk
i am obviously following the stock because i see there may be alot of value, but similarly if the gold price was to fall the economics change rapidly. my point is its not a clear value proposition, and unfortunately we will onlly tell if it was cheap today on the future based on prevailing POG
AMX Price at posting:
39.5¢ Sentiment: None Disclosure: Not Held
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