The sheet has multiple errors in it. You aren't going to get a good feeling of value if you can't get the facts straight. It's the old 'garbage in, garbage out'.
1. GOR is not a 300koz producer. They own half of Gruyere only.
2. Hedge prices for either company are not the entirety of production
3. The net cash that GOR has is going to come down further before commercial production. The quarterly suggests another $15M drawn of the debt facility and $15M of cash spend. Net cash would be approximately -$30M by the end of it.
Aside from that there are issues with comparing feasibility-forecast costs from one company (GOR) vs forecast costs based on actual production costs (DCN).
GOR vs. DCN, page-3
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Last
$1.80 |
Change
0.040(2.28%) |
Mkt cap ! $1.944B | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.81 | $1.78 | $7.617M | 4.251M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 37263 | $1.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 215195 | 13 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| GOR (ASX) Chart |