Red Lake Madsen Mine Ltd LRTNF

PGM way overvalued vs. peers

[petersburggray]

Even at $200mm market cap PGM way overvalued vs peers such as SGI for example. Both companies are in good jurisdiction, Canada vs. WA and both straight gold producer without other byproduct credits. PGM debt equal PGM market cap vs. SGI debt free and hedge free. PGM producing 30k oz au per yr vs. SGI 80k. SGi also multi mine producer with much more milling capacity than PGM so sgi lower operational risk. Imo PGM likely bk candidate soon vs. SgI that is profitable gold producer with usd$23mm cash on hand.

[oneeno]

The only issue with SGI is the life of mine, know one can really say how much gold is left. and so there in lies the problem vs PGM.  

[petersburggray]

Thanks for your reply oneevo. AT Underground at Plutonic mine, Superior having huge success with drilling due to geo team headed up by ET, former chief geologist from abx when they ran mine...underground resource update out any day now. Stock price performance suggest strong report. Also Superior, in front of Western Australia Supreme court, successful enforcing agreement giving SGI 50% of any

[gossamer9]

This post has been removed in accordance with Community Policy

[Scanner454]

huge mistakes mad........................576 average tons per day processed  with an average grade of 4.2....huge misinformation to the market imho