RE:RGDcheck my numbers, please:
RGD has about 4 million oz at Oko West and a market cap of 571 million$. So, $142.75/oz
GXS has 1.76 million oz at Eagle Mt and market cap of 17 million. So, $9.70/oz
So, RGD is valued at about 15X GXS on a per oz basis?
(RGD has other early stage projects)
Could be many reasons for this but basically Mr Market accepts that the probability of RGD actually mining Oko and making at lot of money is much greater than same for GXS and EM.
However, possibly Mr Market has overlooked the potential of GXS, which could be 15 bagger in a couple years.
I've lost money on GXS like everyone else here but I'm slowly accumulating more shares. The positives for GXS is Fier's contiuned involvement, very low MC/oz Au and the saprolite gold which might be relatively economic to process.
I'm no expert.