Nugget, let’s check over the numbers with SBM’s peers before you jump ship son.
RMS Resource: 5.4m oz Reserve: 1.1m oz G/T: 1.8 MC: ~$1.3b
GOR Resource: 4.53m oz Reserve: 2.27m oz G/T: 1.3 MC: ~$1.28b
SBM Resource: 13m oz Reserve: 6.2m oz G/T: 2.0 MC: ~$1b
Mind you, this isn’t including BDC’s 3m Oz resource and 1m Oz reserve!
Out of those three I would much rather have my money in SBM. From my dissection of this stock, they’ve had a troubled 12 months, although the other way to look at it is that it presents a massive opportunity!
SBM has dropped 37% in the past year and more over two years. I think the rot will stop soon and this company will head back towards $2-$3 dollars in next to no time especially if the POG stands up well over the next 12 months.
I wouldn’t be selling out any BDC pennies just yet. But we all know you’re your own man Nugget so you do you pal.
