Gary Savage: Gold update any day now

2 thoughts on “Gary Savage: Gold update any day now”

1. Ryan Hitchins says:

   July 13, 2022 at 1:23 am

   Hi Erik,

   Is a rough rule of thumb for junior mining stock valuations the market cap should be roughly 20% of the total estimated resource for the junior miner? I’m sure this is impacted by grade, depth, thickness, jurisdiction of the resource but is 20% a good rule of thumb?

   Thanks!
   Ryan

   Reply
   1. admin says:

      July 13, 2022 at 5:18 pm

      Oh that’s a hard one Ryan. I think it really depends on the expected margins, scale, mine life and a bunch of other things as you say. I think that at a peak (blue sky valuation per oz) one could use 20% as a rule of thumb. Better than nothing in terms of targeting at least… Important for it to actually be high quality though.

      All the best

      Reply