I think this is great work but you are comparing pears and apples - you cant value an explorer against a developer and/or producer in just resources terms.
It is great that there is gold but yes more gold needs to be found to achieve the price discovery you seek.
I am holding quite a bit of GMR - have alot of faith in Adonis. It was a lifestyle explorer, now being transformed into a wealth generation platform. Similar experience to MTH.
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