RE: Merry Christmas17 Dec 2024 14:38
How can one compare a gold producer in East Africa to a explorer in Colombia..
He also kept comparing us to Condor, in Nicaragua... How many huge finds have there been in the whole of Nicaragua compared to the Mid Cauca Belt... Buritica, Marmato, Tiritiba, La Colosa, Quebradona, Gramalote, La Mina, San Ramon... Just to name a few. Anza... Guayabales.. Soon to be added to the list.
With explorers you usually find they can get way ahead of themselves in the market due to the unknown.
They can hit a 77 @ 7.64g/t and absolute fly up as they are discovering gold, to what extent will it be?
Look at Collective our nearby neighbors, not producers... Far from it, they haven't even got a single ounce down on record... £220m market cap currently, possibly higher after today seen as they've just had there best intercept to date 150m @ 6.6g/t.. They just keep hitting more and more gold. Hopefully we have the same issue.
That's the mid cauca belt for you. And Orosur are the largest land application owner down there.
Producers are producing, they usually have a rough estimate of what's there and the market will value them on that.