Nearly identical company - huge value differeCheck out this Aussie company - $150MM mc. Almost identical size deposit with lower grades as Pine Point. Nowhere near production. https://www.ironbarkgold.com.au/joomla/index.php?option=com_docman&Itemid=&task=doc_download&gid=125
The irony is that Ironbark is the cheapest of the plays they list as comparables. And their "flagship" deposit is in northern greenland, with horrendous access issues.
How TAM is unable to generate any interest with a $20MM mc is astounding. How on earth can a similar size deposit, years away from production, with lower grades with no infrastructure carry 7.5x higher market cap?