Doing some more research on goldies and if any doubts GDO absolute and relative value here are some quick figures to ponder.
Market cap Gdo 363 IGR 462 Cash and Inv GDO 80 million IGR 30( 12 of which will be spent soon) Production this year GDO 120 k IGR 90 k Cash costs GDO 430 Aud IGR 527 Future production 2-5 years GDO 150 to 250k IGR 100 to 140k Reserves GDO 1.53 mill IGR 300k Measured and indicated resource GDO 8 million plus IGR 1.07 million Reserve mine life GDO 11 years IGR 4 years
Yet despite the clear metric difference and the clear superiority of GDO IGr trades at a market cap of about 100 milion more. If market caps were equal and it is clear GDOs should e much much higher then GDO should be trading at 57.5
food for thought
GDO Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held