Bellevue Gold has been a market darling of late. It's gone from 9c to 45c or a market cap of around $179 million. It has a resource of 2.6mt @12.3 grams for 1040,000 ounces.
SLR has a resource just at its Daisy complex of 2.1mt @ 17g/t for 1160,000 ounces (page 8 of presentation dated 16/10) and all up a resource of 3.7 million ounces grading 3.7g/t.
It also has plant, loads of cash and is up and running profitably. Its also got a cool $430 million in losses that could save someone alot of tax.
After seeing what happened to number of gunna stocks - GCY/BLK/BDR - it's no mean feat to run a gold plant profitably.
Yet both stocks have the same EV.
Maybe management need to spruik the Daisy resource a bit more.
GLTA/IMHO
SLR v BGL
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