Golden Valley Mines and Royalties Ltd. (GZZ)

Golden Valley Mines and Royalties Ltd. (GZZ $12.49)
- $12.49 Cap: $171M
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Golden Valley Mines and Royalties Ltd. (GZZ $12.49)
- $12.49 Cap: $171M
- View GZZ Profile
- View Questions on GZZ
Abitibi Royalties Inc. (RZZ $27.00)
- $27.00 Cap: $336M
- View RZZ Profile
- View Questions on RZZ

Q: As I understand Golden Valley (gzz.v) owns 45%, or 5.6 million shares, of Abitibi Royalties (rzz.v). Abitibi has a market cap of c$275 million. That puts Golden Valley's share of Abitibi alone at c$123 million market value. But Golden Valley's market cap is only c$72 million. CEO of Golden Valley is chairman of both boards. Same CFOs. Abitibi is buying back/reducing share count aggressively. What am I missing in these valuations?

Read Answer Asked by Bob on May 19, 2020