GOZ
...and the evidence shows that GOZ is clearly outperforming in the sector. I've shown comparisons of GOZ against major indices and ETF's before (HUI, XAU, CDNX, XGD, etc.) that illustrate that fact in broader terms but I thought it would be interesting to do a study on how GOZ stacks up against a group of its peers on an individual basis.
So below is a list of juniors that GOZ has quietly caught up to and surpassed in share price over recent days/weeks/months. All the stocks are either small producers, emerging producers, or companies with significant projects. In addition, they have all been well advertised, promoted, and touted by a number of newsletter writers/analysts at some point. In other words, they have all benefitted from a significant degree of visibility in the junior mining sector, something that GOZ has not, as many on this forum have noted in the past.
H is the multi-year trading high for each stock and C is yesterday's closing price.
ADA: H - $1.30 C - $0.06
AMC: H - $1.45 C - $0.41
ANI: H - $2.14 C - $0.55
APG: H - $0.89 C - $0.43
ATW: H - $1.46 C - $0.63
AUN: H - $1.99 C - $0.09
BTO: H - $2.55 C - $0.65
CSG: H - $1.12 C - $0.62
ECU: H - $3.50 C - $0.53
GPR: H - $2.79 C - $0.56
IPT: H - $2.11 C - $0.63
KNB: H - $1.11 C - $0.55
MTO: H - $1.37 C - $0.40
NOT: H - $7.42 C - $0.61
VIT: H - $1.60 C - $0.32
The list is not a pure apples to apples comparison in that some of the companies are more focused on other metals besides Gold. AUN, ECU, GPR and IPT are primarily silver plays for example. NOT has a big nickel deposit and ADA mines zinc/lead (but with significant Gold resources as well). Obviously Gold has outperformed all the other metals which has been to Gold-Ore's advantage as a pure bullion play. But the main point illustrated here is that almost all of the stocks above have traded at major premiums to GOZ in the past. And all have been well promoted. Yet despite this relative disadvantage in the visibility/promotion department, GOZ has still managed to catch up to and surpass them all in terms of share price.
Management has quietly gone about the business of building Bjorkdal into a profitable, cash generating asset. For those who are sometimes frustrated with the share price, this junior comparison shows that the company's plans are actually translating into relative outperformance in the sector. And the best is yet to come in terms of operational performance and bottomline results. Just imagine when GOZ does start to attract a bigger following and analyst/newsletter interest...their outperformance in the sector should not only continue, but accelerate!!
GLTA
stockhouse.com
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