Valuation ComparisonMMX at $1.06
Market cap $85mm
NAV is around $56mm
Best guess revenue at $6mm USD or $8mm CAD.
Trading 1.4x NAV or 11x revenue
Sandstrom Gold, SSL
Market cap is $921mm
Royalties are worth $422mm
Revenue from recent Q was $13mm, so make that $52mm/year.
Trading at 2.2x NAV or 17x revenue
Abitibi Royalties, RZZ
Market cap is $104mm
Royalties are worth $35mm
Revenue from most recent Q is negligible. For the last year, revenue was $768k, so lets round that up to $1mm.
Trading at 2.97x NAV or 104x revenue.
One of these seems to me to be a lot cheaper than the others...