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Brilliant post TSG!! Maybe I’ll hold on for a little while...

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nuggetfever

790 Posts.

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18/01/22

15:31

Post #: 58950722
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Originally posted by Thesleepingiant: ↑

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.

TSG

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Brilliant post TSG!! Maybe I’ll hold on for a little while longer!! Cmon SBM, do something!!

BDC Price at posting: 48.5¢ Sentiment: Buy Disclosure: Held
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