european goldfields has over 10 million ounces in the ground.
Something doesn't add up here folks. $2.4 billion for 10 million ounces and GORO has a market cap of $1.2 billion and all they have is 500,000 ounces of actual gold?
Told ya folks, the current market cap of GORO is pricing in MILLIONS of ounces of gold that simply do not exist. GORO should have 4-5 million ounces of actual gold to justify their current market cap, they have 10% of that. LMAO!!!!!!!
"A better comp is XG.to which just came out with a 43-101 today. It's resource is similar (1.4m of indicated AuEq oz), has higher cash costs, is years from production and sports a $720m value."
Now why in the world would Shorty and little Natash actually bring up a comparison that makes sense? They would then be proving the long's case that GORO is the better company.
The only way they can make any kind of case against GORO is via lies, deception, mirepresentation and, the most important of all ....
A better comp is XG.to which just came out with a 43-101 today. It's resource is similar (1.4m of indicated AuEq oz), has higher cash costs, is years from production and sports a $720m value. I'll take GORO, thank you.
By the way, while EGU doesn't currently produce gold, it expects to in the future. I would not refer to is as a silver producer even though current production is entirely silver.
"GLTA (I think here's figured it out by now)."
Don't know, Bar. Our Benjy hasn't confirmed he figured out what GLTA means. Don't assume anything as to the level of intelligence here with these bashers.
"Goro is a polly metallic deposit Genius EL STUPIDO. Apples and Oranges. Nasty Natashastrikes out again."
Remember, Sam. Little Natash doesn't know a whole lot about mining. So her attempts at comparing these two companies are quite entertaining.