Orla mining vs ESM At one time I held both Orla and Esm thinking both would do well in a bull market for gold and probably advance to 3cad . Orla had a run and I cashed out far too early ( oh the wisdom of hindsight ) Today ,TD bank is increasing their target from 7 to 9 cad .
Beides kicking myself in the behind on a daily basis , I still have a hard time understanding why my ESM shares are lagging terribly whilst Orla rockets to the moon .
Both gold mines are 100% owned in non Canadian jurisdictions ( Mexico vs Romania ). Granted Orla has superior management , well funded ,DFS in hand and mine construction started ,so I can see the current difference in price to a degree . However , .35 cents vs 7.00cad is hard for me to reconcile given ESM access to infrastructure and Eu location where "green tech " is a priority!
Today the ESM NR highlights the copper value in this deposit .From all that I read .copper will be the star of this decade along with other electrification transition metals . Multiple sources report that there will be a supply crunch and the price will move up significantly to 4.00usd and maybe on to 5.00.. Is it possible that this klutz management will not be able to capitalize on this great opportunity or can they finally maximize its true value for investors ?.
I'm currently sitting on-the fence with this one . Being underwater for so long has become very frustrating. Selling and moving on is one option , stay invested is another or doubling down is the third one .
If one believes in the copper trend(even ignoring gold ) the .35 price is quite low for a possible near term producer . Sprott group .I think had a target price of a 1.00 or so and that seems too low in the current scenario. I am by no means convinced that this is a great management team but if everyone is looking for copper surely a buyer can be found within the next 6 months or so !!
I'd be interested to know how board members view this potential buying opportunity with Esm ?.