RE: RE: Bashing nonsense.. I hold both as well.
I apologize for the somewhat misleading valuation differences but I'm much more conservative with the royalty ($150 M) I suppose. I know it's multiples of $150 M value but this will increase as cash flow begins coming in.
$45 / oz ER vs $55 / oz SBB is more like it - both companies are dirt cheap but I do much prefer ER's infrastructure/grades. SBB has the edge in production profile and both huge upside in exploration. I was using numbers from before SBB's latest pull-back - hadn't factored in the 30% haircut recently. Both are quite undervalued relative to high-grade peers (ROG @ $140 / oz in Africa).