basserdan, CAU should be the best gold stock by the mc/p&p criteria? Drooy is the fifth! agt is the seventh. Am I missing something?
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Only the obvious...... <vbg>
There is usually a valid reason why some miner's reserves are priced cheaper than others and in CAU's case, their 10 million plus ounce McDonalds Seven up Pete venture in Montana cannot ever be brought into production unless they can get Montana's anti cyanide leach law overturned. Fwiw, that issue will be voted on in November and if it is overturned, CAU will prolly become a $15 stock quite quickly.
Drooy also has vast reserves in South Africa that Mr. Market is lowballing because the strrong Rand almost guarantees them a loss for every ounce they mine. Should SA weaken it's currency, DROOY would once again become the Roodeport Rocket.
My favorite El Cheapo reserve stock, and one that I own in size continues to be Gold Reserve (GRZ) whose biggest failing seems to be that their 10 million oz low grade mine is located in Hugo Chavez land, Venezuela. The irony w/r to GRZ is that Crystallex's (KRY) 12 million or so oz's are valued at almost 5 times those of GRZ and they SHARE THE VERY SAME OREBODY! In addition, GRZ has considerable Cu on their claim which would lower the net cost of their gold production to a considerable discount to that of KRY.
Gabriel is an another VZ miner who has their reserves valued at a sharp premium to GRZ's reserves.
If you possess the patience to hold a purchase for a few years, I would suggest you put GRZ near the top of your list as this has a terrific chance to be at least a 5 bagger.
So now you may see why I suggested that there is prolly something in Apollo's closet that has resulted in the market dissing their shares with such a low comparative valuation.
I suggest you bookmark that valuation link I provided as it updates on a daily basis.
Dan