RE: RE: letter from Tony This part of Tony’s statement says much,
“Since 2008, we have invested almost $700 million in the region, including close to $200 million last year alone.”
ROI has not been good, with a Company MCap standing at just over $130M and the Gold Resources Inventory priced near $17.00 per ounce, less than the Junior Explorer Avg ($28-30) never mind being a Producer.
Below, some other Producers EV/AuEqOz, Enterprise Value/Gold Equivalent Oz’s
Agnico Eagle $105/oz
AuRico $98
Barrick $57
Detour $49
Eldorado $86
GoldCorp $133
NewGold $78
Osisko $76
Yamana $135
LSG $17
A Very Cheap Producer!
“The bond price is telling us all that a bankruptvy is on the horizon....” Golfcar
IMO Buy-out
Cheers, Mark