Summary:
- ABX has most GEO
- HMY is valued low because of high production costs
- AUY - "over 30% of the firm's gold reserves, as well as the bulk of its copper and molybdenum reserves, are locked up in Agua Rica, a massive undeveloped metal deposit where mine construction will not start until 2012 at the earliest"
- GRS is overvalued based on production costs,reserves are declining, small reserves
- EGO and AEM are low cost producers
- "Agnico-Eagle similarly boasts relatively low production costs, and furthermore owns a slew of attractive development projects throughout North America."
- Other factors to consider when determining the company's overall value
- production costs
- geopolitical risk
- project pipeline
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