Very Few Gold Stocks on HKEXI perused through over 1500 listings and found just 4 gold stocks of which just two were producing, the other two exploration companies .
Shandong has already been indentifued and it trades at a very high multiple.
The other gold stoc...Touruan Gold..had a market cap of Approx $275 million US, and 3.4 billion shares so .trading at about 8 cents US..about 10 cents per share...and modest net debt
It was trading at 39.6 times net earnings which would make its net earnings about 0.25 cents per share
I recall MJS earning about 1.3 cents per share in 2022 which would be equivalent to a share price of about 5 cents cad per share.
MJS owns 9.4 b shares , so if Persistence traded at TG's multiple, our investment in Persistence would be worth over $450 m cad