Reserve life of 3 years at 220,000 oz/yearI am very new to this story, as in stumbled on the name one hour ago. Help me out here....
The GCM valuation appears to be dirt cheap based on trailing profit and margins. Elephant in the room is that the P&P reserve life of 688,000 oz will only get them through 36 months or less, depending on ramp up.
With exploration being conducted in 2019, does anyone have any commentary on potential reserve grades in undeveloped area. What if they grades are low or not significant?
..I assume that this is the reason for the discount that it is currently trading at.