Gold Canyon Resources Inc V.GCU

since we are comparing

[Nomad3]

What a great NR today....nice results.  I find it difficult in nailing down a valuation standard for juniors.  I currently own GCU, PDG and BSX.  I consider all three of these companies having a better than 50/50 shot at becoming a mine and I suspect all three could be take over targets. 

 

BSX is around 5m OZ open pit with a grade of 1.7 gpt  Market cap 271 million, prefeasibility Q4 12, however its Brazil and somewhat remote.

GCU currently has 3.7 @ 1.3 gpt (soon to be revised substantially upwards we hope) MC is 190 million

PDG currently has 6m @ 1 gpt (just unnounced up from 3.8m)   and MC is 180 million, revised prefeasibilty Q1 13,  right beside the highway, was an existing mine, old NPV 1B with 38% IRR and 2:1 strip

[green24]

Interesting. PDG sounds quite similar to NKL. Well, except for PDG having 2 times the market cap, and half the ounces... but both are near the highway, both were mines before, same IRR and strip ratio (ish)... oh, but only $1B NPV for PDG. Guess it missses there as well. Maybe it wins on CapEx to build the mine. $863 million for NKL. I have no idea what it is for PDG. Keep comparing stocks

[cruisie]

Well the big difference between NKL and GCU is the combination of metals found and the grade, NKL is primarily a base metals explorer and has very low grade concerning precious metals... gold 0.16 g/t..... platinum, 0.38 g/t.... Next to that almost the complete resource is inferred, not indicated and it relys heavily on base metal prices to get developed, those prices are very uncertain in todays