RE:TGZ compared to EDV Share price of the two is irrelevant to any comparison.
Market Cap is relevant.
EDV's MC is about $3B
EDV production profile is 700k/ oz
also relevant is AISC
and mine life
and country risk
( there are differences in all theses areas)
TGZ 's current MC is $ .9B
post Massawa acquisition it will be $ ? B
TGZ will produce 350k oz in 2020 and will move towards 500k oz in a few years (2021?)
IMO TGZ should re-rate to at least a $2B MC within a year or so. That's at $1600 gold.
If gold goes to $1900 or $2000 /oz USD, maybe $3B
of course EDV will move to $40 and rerate to $4B at that time.
glta
MM