My only issue with GOR is market cap, I dont often buy stocks that aren't producing unless I can see an immediate upside as I can in the case of EAR.
In the case of GOR, they have a market cap of nearly $700 million and have not yet produced anything, there is always risks in the first few quarters of production as well.
I think GOR will do well this year and could even double or triple if production is executed as expected and gold does what I think.
In the case of EAR, they have a market cap of 80 million with an almost identical projected AISC and NST on the register so I think the likelyhood of EAR reaching the same market cap as GOR this year is probable.
That would work out to be a 6x share price increase for EAR vs a 2-3 times on GOR.
All my opinion and I could be wrong! NCZ a good example of a stock with a huge market cap pre production, after production began, the stock fell from $1.40 to 70c where it is hovering now (market cap dropped from around 800M to 400ish M).
This being said I think gold is going to reach $2000 USD this year so will be hard to loose money in the space if the company have good management and are making cash.
Also worth noting AMI has the same market cap as GOR, one makes 120 million per year, the other has never made anything..
