Joel’s Resource Report – Wake up and smell the value disconnect!

Joel’s Resource Report – Wake up and smell the value disconnect!

Resources stocks have started the year with a bang. One company I see doing well over the next 12 months is a pre-revenue gold mining company which I have discussed before.

Upon first glance, the project doesn’t look particularly cheap.

The project's NPV (at $1400 gold) is £124 million meaning that it trades at about a 75% discount to its NPV. But I think the NPV could be underestimated, and there are a wide range of value catalysts for shareholders.

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