Hi geodan well, CNL vs. GCM / TPRFF - So why is it an unfair level of the share price? - ex. is that TPRFF/GMC is left to the buying power of private investors and venture funds, smaller funds etc. - because the share price is below $2 - $4.-/share which is the requirement of all the bigger hedge-funds and pension-funds etc. ex. - with another pos. side of it is - - that moms and paps can buy for a lower price and - wait to a major comp. will do a take over, fusion etc. - imo.
RE: Hi Bob, yes that is how I found GCM.to rather amazing financial ratios. Its the bonds, without them we would be >$.50 The CFO is smart have talked with him, think they will find a way to deal with the bonds.
RE: some also by ts9222 - CNL Continental Gold TSX (CNL:TO) vs. GCM/TRFF - Gran Colombia Gold Corp. - CNL vs. GCM - If you like CNL, you may like GCM as well, which is in the same country and close to CNL.
Compare the current numbers:
CNL Market Cap 603.34M NO Production but about 253,000 oz/yr if/when the mine will be built - ? - Grade 11.4 g/t AuEq Price/Book 2.50
GCM Market Cap 29.16M Production 149,687 oz/yr 2016 (possibly 170k oz 2017) Grade 16.8 g/t at Segovia responsible for 85% of production Price/Book 0.14 P/E ~1.5 when old Q4 gets replaced by new Q4 soon EV/EBITDA 1.84 Quarterly Revenue Growth (yoy) 30.40% Quarterly Earnings Growth (yoy) 20.90%
GCM is trading at 20x cheaper market cap and producing over half of CNL expected production. Remember that GCM has already invested the hundreds of million to build the operating mine, while CNL still needs to build their mine which will take a few years.
GCM is a turnaround play which is why its numbers are crazy undervalued. They are turning from a loss to a profit. Their P/E ratio will be around a crazy low 1.5 when their negative Q4 2015 drops off and is replaced by the current positive earning Q4 soon. (that is if their share price stays the same as current and doesn't rise)
Best of all, they just transitioned from low grade to high grade this December, resulting in a jump in monthly production (which they didn't clearly advertise). Half their tonnes milled has been from low grade so there is high potential improvement transitioning to higher grade.
The drawback people have pointed out is the convertible debenture debt. However, in the worst case all the debentures get converted into shares (leaving zero debt) and their market cap would become $179M. Still very undervalued for the number of oz produced compared to other miners. It won't be the worst case because they are buying back the debt and have until 2020 to do this.
CD thank you, RE: Compare GMC / TPRF to CNL - 1. ex. CNL Mkt Cap. $ 634 million etc. - and no gold production - vs. GMC Mkt. Cap. $30 million and has more than 15 million ++++ proven GOLD Au ounces - in hard rock asset safe keeping - that is about $18 billion fiat currency - and only $30 mil in Mkt Cap - its haywire - frown(( - not a level playing field - IMO! -
GCM / TPRFF will soon be acquired by an Au brain - with the head on the shoulder - *~<(smile)) -
RE: Gran Colombia Gold Corp. GMC / TPRFF Presentations Q3 2016 R
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