Mkt value per ounce in the ground
There was some recent discussion on this board about mkt value per ounce of gold in the ground. The avg for most tsx listed gold companies is $118. The ranges vary enormously. Here is the link
https://www.goldminerpulse.com/gold-chart-ore-value.php
This should help determine GCU's value once the updated 43-101 is completed. I tried to find some logic for the variance in avg values. Some things that make sense are size of deposit, production or pre-production, infrastructure and extraction costs, grades, mgmt. Cash would also effect the value as its not a enterprise valuation.
Given what you know about GCU does anyone have any thoughts about a proper value for in the ground gold?
Thanks
Pasta