A couple insanely undervalues miners. GPL TPRFF
I've been waiting for earnings revaluations of the miners. He are a couple juniors that have reported earnings that are insanely undervalued.
Gran Columbia TPRFF reported earnings this morning. Earnings were $.39 for the third quarter. Its only trading at $4.78 US. This is a price earnings ratio of 3 . The SP500 PE is 35. NEM is 20.
In addition Gran Columbia owns over half of Caldas gold which is going to increase production by 5 times and is fairly valued for current production. This is currently worth over 25% of Gran Columbia's market cap for free. Insanely undervalued.
GPL announced earnings of .05 per share. It is currently trading at $.85 . That's a PE of 4.25. It also got 14 percent of its revenue from silver for any silver bugs! Mining shares haven't gotten much of an earnings bump in general. I think its bankster psyop to scare people out of the futures before Gold and Silver take off. P.S. take a good listen to Andrew Mcguire on arcadia economics. Physical market is going to force big price rise as December delivery looms!
What do you think of Victoria Gold mining in the Yukon
They reported earnings last week?
Operational Highlights
- Achieved Commercial Production at Eagle Gold Mine on July 1, 2020.
- Mine production in the quarter was 2.1 million tonnes of ore.
- Ore stacked on the heap leach pad in the quarter was 1.9 million tonnes at an average grade of 0.85 grams per tonne (g/t).
- Gold production was 35,312 ounces in the quarter.
Victoria gold
Victoria gold has hedged 95,000 of gold at less than $1500 per ounce. Not good in a rising gold market. They will be forced to hedge until they can pay off their debt. Lost $20 million in 3rd quarter including a big loss on their derivatives. There are lots of miners without that hedge dragging them down.
