gry & other west african gold explorers

This was posted on PVM as well. I think these are useful graphs for initially comparing a bunch of explorers with a lot in common cash costs, life of mine and expected yearly production are fairly similar for all these companies.

I think it's worth noting with NMG that their convertible note deal with Resolute is likely to keep the price around 12c and will produce quite a lot of dilution.

It shows, resource, EV per reserve & resource ounce and a break up of their resource by category.

PVM looks cheap especially when cash is taken out of the market cap. When you then consider that the mine lives of all the developers are similar as are the cash costs and that PVM has a significant amount of their resource as reserves, they look cheaper still.

PIR looks pretty expensive, with a resource that is only indicated and inferred and an EV per ounce higher than PRU.