IGR is one example , did some similar calcs with Pru. pru will...

IGR is one example , did some similar calcs with Pru. pru will be a bigger company long term production wise but using the same metrics there is no way PRU should have a market cap 4 times GDO. Differential in medium term production is only marginal ,Pru has higher cash costs and as we know projected cash costs vs what actually happens isn't the same so Pru cash costs may be even higher. Different to IGR as I think PRU is a better Inv long term that IGR but still shows how much GDO is undervalued. It always good to check relative value against our thoughts