RE:Aims to close valuation gap to peers and attract interest WOW! Dream big again...Let us start drilling and only drilling will / can close the gap.!
- Extremely attractive valuation with EV/oz of just C$4 vs peers at C$50-75/oz
- Potential acquisition target as Tier-1 jurisdiction with critical mass attracts interest from majors/mid-tiers
Recent M&A activity in the Abitibi region, such as Agnico's acquisition of O3 Mining takeover, highlights the strong appetite for district-scale gold assets in top-tier jurisdictions. With an EV/oz valuation of just C$4/oz compared to the O3 takeout at C$75/oz, MGM appears substantially undervalued. Kiran sees potential for this valuation gap to close as MGM delivers on its growth initiatives.