RE:Way undervalued
That's a big "If" that may not be overcome in our lifetime. Every potential buyer looks at BTG's revenue, EPS, PE, and then, they get to that part where their most important mine is in Mali. Then, instead of thinking exceptional value, the wheels turn about all the things that could go wrong in Africa; nationalization, labor strikes lasting years, civil war, military coup, corruption by the mine operators. I know I did. It was hard to believe BTG was priced so low when I found it, until that part about Mali. I am an investor nevertheless, but a discount must be applied, likely a permanent discount. I apply the same type of discount to South & Central America miners. There is a reason mines advertise "safe jurisdiction", because a lot of investors have been burned in "unsafe jurisdictions". I dont know the future, but I am willing to risk my money on BTG because I believe regardless of who controls Mali government, it is in their best interest to keep the mine open generating hard money. There is always a Fidel or Che lurking in the shadows hoping for a revolution to nationalize all capital assets, but I am willing to take that risk with this one. The numbers are just too good, & will dwarf the risk as EPS breaks $1 USD.