Q: Is there anything I am missing here? Seems like an incredibly cheap stock with a good yield and little to no debt. Of course there is some risk of operating a mine in Nigeria, but that alone doesn't really explain why the stock is this cheap.
Are there any other gold producers you know of with such a low valuation given their production?
How does the company's market cap given their production compare with other companies of the same size production in the industry (even if from other geopolitical arenas)?
Are there any other gold producers you know of with such a low valuation given their production?
How does the company's market cap given their production compare with other companies of the same size production in the industry (even if from other geopolitical arenas)?
5i Research Answer:
The sector doesn't really get any cheaper, with THX at 3X earnings now. A group of peers trade...