Compare: shares outstanding, gold oz produced, share price.
Let’s look at ngx.to, gsc.to and img.to
gsc.to has roughly 235M shares out, and expect to produce about 400,000 gold oz. Share price near C$3.00
ngx.to has about 255 M shares out; expects to produce about 400,000 oz; has copper production [sold in forward sales; see yahoo finance for news details] so cost per gold oz is low due to byproduct [copper] sales income.
Img.to has about 295 M shares out; expects to sell almost1M gold oz. See recent news about profit
Compare daily volumes to see which has most buyer interest.
Compare cost per ounce to produce, net earnings. Can they finance expansion and exploration from revenues? Or are they needing to finance through share offerings or debt?
A little math involved; look at crj.to and see how its price and shares out and gold produced compare with the above. One simple way is to ‘convert’ it to an ‘as if’ model. So as if it produced 400,000 oz, with similar shares to the above; what would be its price?
Looking for other candidates. An other questions to ask. Perhaps we could do some kind of thread about which companies appear to have the strongest fundamentals.
I hope to check in tomorrow or Saturday.
Cheers, TQ