CoffeeRocks
Nov 10, 2:19 PM
$SGLD $B $GLD $VZLA $SLV
Needs a re/rating with current findings
5-10$
Scorpio’s current ~
$3.33 ADR price sits at a valuation that appears inexpensive relative to the Roxmore takeout metrics and typical junior Nevada gold explorer/developer multiples, particularly with the new high-grade step-out results. Continued successful drilling that grows the resource toward multi-million-ounce scale would be the main catalyst for re-rating toward more developed peers.
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