RE:RE:RE:GCM.T company comparisons - trading at a massive discount.But why should country of risk matter, I mean look at TGZ it opeates in Senegal and Burkina Faso, both countries have way more geopolitical risk then GCM. Also, I agree with the reserves, but you have to remember that GCM is only mining on 3 veins on the property, compared to the 29 veins they have...all of which have high grades. GCM in 2020 is focused on exploration on the Segovia project, which should increase reserves (M+I). In addition, they also have the Marmato project, which has about 4 MOz of resources in the ground at relatively high grades. I think the market is completely disregarding the Marmato project and its exploration targets on Segovia, as well as the free cash flow given higher gold prices. I beg to differ and think management is doing a great job, but the market is simply overlooking these facts. Eventually, the tide will rise all ships in the sea and we will see a substaintial re-rating of GCM shares.
All the best,