Best value by FAR? Comparables in the Red Lake Gold Region
The table below shows just some of Portofino Resources’ (TSXV:POR) (OTC:PFFOF) (FSE:POTA) comparables in the Red Lake district.
*Share price and market cap taken from Stockwatch on July 23, 2020
Take a look at the “Market Cap per Ounce Net of Cash” column above. It’s basically a company’s market valuation per ounce of gold (based on their combined indicated, measured, and inferred totals) less the cash they have in the bank.
By simply looking at these numbers, Pure Gold Mining would be the best-priced stock by far… IF you were only going by market cap per ounce… but don’t forget the secret of only focusing on the little guys!