While we are waiting for our ride to arrive, lets look at the other gold companies in the region who are also low in EV/oz who are starting to be recognised by the market.
PMI Gold Corp (PVM) - is very much similar to SBL. Average of around 2g/t. EV/oz = 55. But doesn't look like they're producing yet since going through feasibility. They've gone up quite a bit in the last few days.
Noble Minerals (NMG) - also had a relatively low EV/oz until recently. If we strike nice grades like them, we could follow in their footsteps and shoot our SP up skyward.
Looking at PVM and NMG increasing in the past few days is very encouraging signs for SBL as we are much more advanced than them in producing first and we've got quite a bit of hidden potential as well. Just need to get the good announcements and we'll be laughing our way to the bank.
While we are waiting for our ride to arrive, lets look at the...
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