Semafo vs High River GoldI mentioned a few months ago the major discrepencies between HRG and SMF and why HRG would outperform. It has and will continue to do so.
SMF has a MCAP 3X higher yet.
HRG produces more ounces
HRG has better prod cost
HRG has more cash
HRG has more ebitda
HRG makes more net income.
Also half of HRG prod in Bukina Fasso.
Yes, one must discount Severstal being majority holder, and 1/2 assets n Russia, even with 50% discount, HRG will outperform SMF. Do yourselves a favour and look at the #s.