From that review confirming our belief Fiore is undervalued Valuation: We estimate withEV of C$43.4M, Fiore is trading at 2.0x its implied F2020E EBITDA, a massive discount to peer’s which trade at 5.8x.This suggestsminimal value is ascribedfor growth atGold Rock. We expectthe new crusher,and higher gradesto positively impact Fiore’s FY2020.Upcoming catalysts: 1) Gold Rock exploration results (H1
...more