The app for independent voices

Regarding my previous releases about GoldMinining, Inc. (TSX: GOLD), let me just highlight one point again - especially after yesterday’s drop to C$ 1.74 per share.

The market cap of GOLD currently is C$ 348.4 million.

GOLD has cash of about C$ 6.5 million

The equity holdings of GOLD have a combined market cap of C$ 273.7 million.

The result is that GOLD’s direct portfolio of 21.5 million ounces of GEO’s are valued at only US$ 2.30 per AuEq oz compared to peer values of around US$ 50 per AuEq oz.

That is quite a disconnection between market value and intrinsic value and the potential upside is an incredible opportunity!

But this is only my point of view and I encourage anyone to do their own research.

Have a great weekend!

Dec 19
at
7:43 AM

Log in or sign up

Join the most interesting and insightful discussions.