RE: share priceVery discouraged.... I know that gold is down today and for the month and year. I know that we are in a bear market worldwide. I know that Semafo is relatively unknown. I know that gold stocks have underperformed relative to Gold bullion. BUT
Why aren't investors differentiating between the various gold stocks? This is a profitable producer! That eliminates most of the other junior resource stocks by comparison. What do they have? They have potential and reserves. Semafo has almost 7 million oz of reserves. I want investors in precious metals stocks to look at Semafo and compare it to any other junior and tell me it's overvalued at C$.95.
Forward annualized p/e of 5.
Increasing production
Decreasing cost of production
Large land package with significant upside potential to increase reserves.
Diversified production amongst three mines in three different countries to minimize political and operational risks.
Bobwins