RE:reply to investi did say they were not exactly the same. financial site shows $43 mil net cash instead of $100 mil with half the ebitda of gcm
https://finance.yahoo.com/quote/KRR.TO/key-statistics?p=KRR.TO front page of karora website shows 200k oz for 2024 and same in their presentation timeline. you can say their production will grow over 200k oz beyond 2024, but gcm can also say their production will grow over 400k oz beyond 2024 too.
the nickel are exploration targets. any nickel production would be way beyond 2024. they have not spent over $100 mil in drilling the nickel targets like toro to obtain a resource statement or a study to obtain a project npv of $700 million. karora does not have a fat dividend of over 3.5% either or $150 mil in shares of other companies.
i know shareholders of karora would want to defend their company, but i was only using it as one example for comparison.
continental gold in colombia did not get a discount and was sold for $1 billion. gcm is still producing more oz than them. even dangerous african countries get a much smaller discount. a discount of over 100% is too much and has grown even larger than gcm historic norm.
prem124 wrote:
Karora is in Australia in one of the best jurisdictions. They have net cash of around 100 million and their production increase will be much higher plus they have nickel deposit. They are very different animal with large amount of reserves and are also undervalued.