Mar. 11 at 11:01 PM
$NFGC trades at a marketcap that is 5x higher than
$NAMM despite:
*having half as much estimated gold as Namib
*being further from actual mining than namib
*higher costs for starting their mines than Namib
*having much lower grade deposits than Namib and higher operational costs as a result.
now that said, I think NFGC should go higher. BUT, even if we factor in the Zimbabwe risks of Namib and take away half of the valuation upside of NFGC, I think NAMM should be trading cost to
$15-20 minimum right now just to match peers at the moment.
with much more upside ahead for all gold miners.
