Lihir has signifanctly underperformed its large cap peers. It...

Lihir has signifanctly underperformed its large cap peers. It has great leverge to the gold price, and i'm sure when gold breaks above $370 you will see it run. The value of its ounces in the ground at current share price levels is only US$29 per ounce - compare this to newmot US$180 and the extremely overpriced Oxiana US$350 per ounce (source miningweb).
Lihir is not only a gold producer but an aggressive explorer.

The recent poor results are due to the fact that the company has been extracting low grade ore - this will not be the case for much longer - read their reports.

Lihir has a 30 year mine life - which will likely be extended even furrther early next year.

Go for value, sell your other golds and buy Lihir - only time will tell.... its what makes markets great!