What a great NR today....nice results. I find it difficult in nailing down a valuation standard for juniors. I currently own GCU, PDG and BSX. I consider all three of these companies having a better than 50/50 shot at becoming a mine and I suspect all three could be take over targets.
BSX is around 5m OZ open pit with a grade of 1.7 gpt Market cap 271 million, prefeasibility Q4 12, however its Brazil and somewhat remote.
GCU currently has 3.7 @ 1.3 gpt (soon to be revised substantially upwards we hope) MC is 190 million
PDG currently has 6m @ 1 gpt (just unnounced up from 3.8m) and MC is 180 million, revised prefeasibilty Q1 13, right beside the highway, was an existing mine, old NPV 1B with 38% IRR and 2:1 strip