RE: Jesus Ggp27 Jan 2023 09:51
Armani, It's interesting that ECR and GGP Sps have pretty much mirrored over the last couple of years.
GGP mid 30s to 7.7 and ECR Mid 3s to 0.725.
It shows that the junior mining sector overall has had a tough couple of years. It's not just restricted to ECR.
It could be argued that GGP has had it's JV and discovery (prior to the JV I think they were less than a penny)and ECR is a couple of years further back on the curve SP so has that discovery and JV potential to come (and the possibilities for multiples over the coming years...Creswick , the Hurricane, then Lolworth potentially.....and maybe BM in there as well)).
that's why I'm in ECR . The potential is there, the licences are sorted, the exploration is underway and it is not a one trick (one licence) pony. there are multiple shots for company making developments.
To clarify I am just comparing where the two are in the development cycle and not saying you should not look at or invest in GGP (before the GGP holders have a go;-)