RE: RE: RE: RE: RE: What is driving GPRI don't ignore the time value of money nor the expenses required to move from explorer to producer. I do have a valuation blog on Orko and it shows Orko is undervalued, since as someone else has already posted here, Orko is fully funded into production through their joint venture.
https://www.goldminerpulse.com/blogs/orko-silver-valuation.php
I leave the assumptions on the capital costs, risks, discounts etc. on valuing explorers to blogs. The Orko one is very easy since there is no cap ex or risk.
I'd also argue that with the long term rise in precious metals, at some point the market is going to start paying a premium for explorers since explorers are not depleting their reserves each year. Ok. that will be bubble time when we see that but the good news is we are a long way from that point yet.
Here is my equivalent gold chart which shows the explorer producer gap. I don't bother showing a silver explorer producer gap because silver is a much smaller space and it is exploding right now and breaking old patterns. BTW, on a gold equivalent basis at today's close, the market is valuing GPR beyond where it values gold majors such as Agnico-Eagle and Kinross. Very interesting and I don't think silver's run is over. Its just going off the charts.
