SAR 0.00% $4.69 saracen mineral holdings limited

Green Monday, page-37

  1. 12,048 Posts.
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    So quite on the SAR threads, but... hard to complain though when the share price has gone up 50% in 2 months.

    Still lagging way behind what I think is its closest peer - RRL.
    RRL just keeps powering ahead, which for me just shows that SAR has some serious room to move higher.
    RRL now has a market cap of over $1.7billion, SAR just over $1.15b, to me that means SAR has a minimum of 25% to go just to get close to fair value for its new mid tier status, with a decent chance of a 40% rise to get it close to RRLs full valuation. I think that can only occur if SAR gets some amazing drilling, provides an update for mine life extensions or simply hits guidance and starts paying a dividend.

    All IMHO.
 
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