RE:Moneta super low price
The first way to compare junior miners is Market Cap MC. On fully diluted 586 million shares, Moneta Porcupine is $175 million USD MC. Gold Reserve Inc appears to have 99 million fully diluted shares, giving a $163 million USD MC. So Moneta is worth more. Share price does not mean much in comparison. Second, look at the resource. Moneta has 4 million oz Measured & Indicated M+I and additional 4 million oz Inferred in their total gold resource. Some people use inferred, i never do, it's not economically there until it is proven to be so. The inferred affects price, but does not count like M+I does. If all junior miners were valued equally based on formulas, our job as retail investors would be easy. Instead, every resource is unique. Its valuation increases as the project advances. So is Moneta under valued or GRZ over valued? Miners can trade at as little as 1% of the after tax value of their resource or as much as 20%. With a range that broad, it is not possible to say why some miners are always on the upper end of valuation along the timeline & others are on the bottom all the way through to production or buyout. The best advice i can give is to learn how to create your own valuations of what a miner should be worth at its current stage, & then compare that to its MC to determine is it over valued or under priced. To do that, you need a resource estimate, which are posted publicly on SEDAR. Then use predicted All In Share Cost AISC to predict the gross profit. Capital expenditures have to be raised, CAPEX, which is presented by the firm in a Feasibility Study. The high cost of CAPEX & excessive share dilution are what prevent most juniors from becoming a producing mine. So miners go exploration, discovery, resource estimate, PEA, & last PFS/FS before a construction decision is even made. Although the value of the resource never changes with these derisking steps, the share price does & moves up with each step. I have found skepticism pays more in profits than optimism when it comes to junior mining. So if a project attracts my interest, i dig deep & run my own numbers to determine is the project properly valued. Next, what will be earnings per share if it ever makes it to a producing mine.I assume everyone else does the same before investing or trading. Comparisons can drive oneself crazy but each project should be able to be valued on its own, knowing it might be grossly over valued or substantially under valued when compared to similar sized projects. If you dont know, most junior miners never make it to a producing mine, there are so many obstacles to getting there. But we can still make money off those juniors, some investors buy early ( during exploratory drilling) & cash out early. This, junior Canadian mining, is a beautiful game that pays handsome profits to those who care to learn. Certainly more than S&P 500 index funds.