Jan. 23 at 2:47 PM
$GLDG $ valuation makes no sense.
Market cap: ~
$395M
Value of public holdings:
$USGO: ~
$145M
$GROY: ~
$106M
NevGold + others: ~
$15–20M
Total ≈
$265–270M
That leaves ~
$125M for GLDG’s own assets =
~20M oz of gold in the ground
Implied value: ~
$6–7 per ounce
For context:
Junior explorers typically trade
$30–
$50/oz
More advanced projects:
$60–100+/oz
Bottom line:
GLDG is priced at a huge discount vs junior peers classic sum-of-the-parts mispricing.
