GCU valuation and perspective on NR?
Today GCU announced: Step-out drilling continues to expand the portage zone at Springpole Hole SP 12-146-343 meters at 1.50 gram per tonne gold including 108 meters at 3.44 grams per tonne gold”
And its now trading 2,99% higher then previous day close. And GCU have a market cap around 160M.
Semafo announced today: Semafo discovers new mineralized horizon at Samira Hill in Niger Including Values up to 1.48 g/t Au over 43 meters, 1,41 g/t Au over 32 meters and 1,89 g/t Au over 22 meters.
What I do find interesting is that Semafo is trading 4,38% higher then previous day and Semafo has a market cap on 1.5B
So could someone enlighten me what I’m missing? Or is that I'm thinking completely wrong?
https://goldcanyon.mwnewsroom.com/manual-releases/2012/Gold-Canyon--Step-Out-Drilling-Continues-to-Expand
https://semafo.com/press-releases-details.php?id=187