RE:Observation and QuestionI compare market cap to resource. Market cap it the product of #shares X share price, so looking at share price doesn't mean much. Consider if Sabina did a share split. The share price would be $1.32, the number of shares would double yet market cap would be the same.
What I would look at based on the info in your post is market cap / oz.
WRN has 38 times more gold than Sabina but have 195 times greater market cap. From this perspective Sabina has more upside value than WRN by a factor 5.2
| | WRN | Sabina | | | | | | | | # Shares | 115,694,000 | 325,874 | | | Share Price | $ 1.43 | $ 2.61 | | | Market Cap | $ 165,442,420 | $ 850,531 | 195 | | Oz | 21,000,000 | 557,000 | 38 | | | | | | | Cap per oz ratio | 7.88 | 1.53 | | | | | 5.2 | | | | | |