AMX just made an announcement today increasing their resource estimate to 2.2m oz. The grade is 1.6g/t. Their market cap is approx $600m.
PIR may possibly be about to increase their resource estimate to around 1m oz with a potential grade of around 3g/t. Their market cap is around $170m fully diluted.
The prospects for both are similarly very bright.
If the market is right about the value of AMX then maybe PIR is undervalued, especially given their high grade and the seeming ease with which they keep making new discoveries? Time will tell.
(DYOR please and never borrow for speculative stocks or buy them on margin.)
undervalued?
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