The present valuation does not make sense to me Still fairly new to this stock. Am I missing something? September production 20,644 ounces x $1900 /ounce gold = $39,223,600. The October presentation talks about $700 cost of production.
That is a lot of cash. You do the math
".Frank Holmes, U.S. Global Investors (August 20, 2020, Twitter) “ GCM has the highest free cash flow yield 16% vs 75 gold stocks we follow with median 2.5%. Gold stocks trade at 13x cash flow and GCM is 3x.”