as a holder/past holder of both (used to own HIO - on sidelines for now), ur analysis is v poor. enterprise value is what matters (to compare apples to apples)
GRR has almost ~$550m (95% of its mkt cap!!) in CASH. so enterprise value is a mere $50M at best. cash+rec'bles at June were @ $500m (CASH!!!)....add a qtr production....ill let u do the sums....we are practically like for like enetrprise wise, yet GRR is established, operational and doesnt have a $2bn OVERHANG....
chalk n cheese mate.
good luck getting funding.....$2bn isnt pocket change. it comes in the form of MEGA dilution or worse, a chinese takeover and they never bold well for any1.
will vouch for the economics of HIO, yes, blows GRR outa the water - no questions. but HIO is scrtaching its head right now while GRR is getting on with BUSINESS and rolling in...well, u know, what u guys need most...
gltah
HIO Price at posting:
8.1¢ Sentiment: Buy Disclosure: Not Held
