ORA up +22.85% YTD down -7.65% last 52 wksAURA:
Looking forward to year end and fourth quarter earning report first week of March. Still believe ORA will hit 400K ozs/yr in 2024. Would like more information on long term reserves and drill results. I believe the major cause of ORA trading at a steep discount is the market not giving much value to the reserves. Aura has drilled less than 10% of its property. Operations management has done a great job on growing the producing mines, will be happy to see Gold Road off the books and more effort in buiding out new mines and drilling updates. My guess min $2.50/yr earning over next two years say 9/PE x $2.50 vs K92 Mining 42/PE x $0.15 would value Aura $22.50. Thats saying Aura is worth 20% of KNT, K92 has only one low cost 144k/oz yr mine in production vs Aura multi mine 310k/oz yr forward todate targeting 400K/oz in 2024.
Would be nice to see a higher PE to reflect the growing forward production. I own both but can't figure out the big valuation difference. Yes I know political risk ect but still...