report best part Regardless of the near-term development, the long-term potential of Gran Colombia is very high. Its market capitalization is only $308 million. It is a laughable price for a profitable miner producing 200,000 toz gold per year. Moreover, as of the end of Q3, Gran Colombia's net debt equaled -$70.8 million.
It is quite possible that the Q4 financial results will show that Gran Colombia's enterprise value is only around $200 million. By the way, the current market value of Gran Colombia's equity interest in Aris Gold is approximately $115 million. It means that the market attributes a value of less than $100 million to the Segovia mine. This is a real bargain