Post by
Canadian0620144 on Feb 14, 2022 1:17pm
ORA up +22.85% YTD down -7.65% last 52 wks
AURA:
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...
Comment by
Mrtkr1 on Feb 15, 2022 2:19am
Ora is extremely underpriced. Gold will get stronger and copper is already flying high. My guess price volatility due to volume scares away new investors. This will go away if they can continue to grow earnings and reserves.
Comment by
Kylemcc10 on Feb 15, 2022 10:55am
I like the dividend policy as well since it has nothing to do with market sentiment on the stock and based on real performance. Although the once a year payment setup creates a big surge before ex date followed by a dump. Although they quietly released dividend info last time and most people had no idea