Q: I am curious as to your current thoughts on Red Eagle? Now that they have reached commercial production, their current presentation states that they are trading at 3.1x 2017 Cash Flow, compared to a peer average of 11.6x implying a 73% discount.
Aside from this, they have lots of expansion potential at their current mine, and have three other prospects in the wings with lots of cash. What am I missing?
Aside from this, they have lots of expansion potential at their current mine, and have three other prospects in the wings with lots of cash. What am I missing?