RE:RE:RE:RE:RE:superb PEA out... generally in the markets people anticipate what will happen in the future and buy in advance before it actually happens. the closer to production, the higher the price goes. like buy the rumor.
with toro first year production of 280k oz gold + 200k oz from segovia for 480k oz production, the free cash is going to explode!
no way would 480k oz production be still selling for cdn$500 mil.
with toro asset of us$794 mil + segovia + share investments, gcm should be at least cdn$1 billion right now.
institutions should be more interested in gcm because they like higher 400k+ oz production, long life, and country diversification.
there are gold miners with over $1 billion market cap producing only 100k or 200k oz, anticipating good things happening in the future.
Eap5522 wrote:
gold it might be that we won't achieve a substantially higher valuation until Toroparu is up and running in 2024, are you prepared to hold on until that happens? Overall gold stocks are a hated segment in the markets currently, but the dividend is pretty nice while waiting.