GHM
Graham Corporation
stock NYSE

mhm compelling but value-wise hard to compare imo to the other 3. GHM is somewhere in between CRS and BNZ. no mill and a huge market cap to capex evaluation they need to fill - Edna May seems like the logical home for the dirt but GHM holders dont want to get wrapped into the FRS overpriced scrip. however Emerald (20% holder) will never let it go there and Edna May is now gone to FRS, so the only way out appears to be to build a mill or running an OPA through FRS which is probably not great for value unless they can replicate NMG's cash build in a >$7000/oz+ gold environment. the vast majority of the mineralisation hosted in um will likely make mining in the later years more problematic. 1832 big vote of confidence being on the register as well
certainly will be a mine. just the logistics of how it gets there isnt as clear

No GHM..son??

mhm compelling but value-wise hard to compare imo to the other 3. GHM is somewhere in between CRS and BNZ. no mill and a huge market cap to capex evaluation they need to fill - Edna May seems like the logical home for the dirt but GHM holders dont want to get wrapped into the FRS overpriced scrip. however Emerald (20% holder) will never let it go there and Edna May is now gone to FRS, so the only way out appears to be to build a mill or running an OPA through FRS which is probably not great for value unless they can replicate NMG's cash build in a >$7000/oz+ gold environment. the vast majority of the mineralisation hosted in um will likely make mining in the later years more problematic. 1832 big vote of confidence being on the register as well
certainly will be a mine. just the logistics of how it gets there isnt as clear

No GHM..son??