"Perform a quick EV per ounce calculation and see what you are paying. Compare this to some of the company's peers and establish whether what you are paying is reasonable.
enterprise value per ounce is not a good indicator as the number of ounces declared is too arbitrary, subject to spin
better to look at the total enterprise value and compare total enterprise values for other mining companies
here's a few of my calculated TOTAL EV values
GBM $101 million
CGT $323 million
HEG $354 million
MCO $494 million
CTO $78 million
DOM $420 million
FML $301 million
TRY $366 million
AVO $920 million
RMS $368 million
SLR $382 million
BDG $466 million
MCO Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
