I think this kind of comparison is irrelevant for this case.
For example, one of the best gold stocks from my point of view is DOM and it is trading significantly undervalued. Its capitalisation only ~1.5 times higher than TAM (262mln & 391mln), but DOM consistently for the past several years producing over 100K ounces (double of a current TAM production) with a relatively low cost (again around 1.5 times cheaper than TAM).
can tam break sideways movement.??, page-10
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