OBGRF - Geodrill: The Valuation Gap Between Classic Miners And Drilling Plays Is Shrinking
Valuation gap between classic miners and drilling plays is shrinking
A few days ago my SA fellow contributor, Phil MacKellar, published an excellent article on Major Drilling (MJDLF), a mineral drilling company. In his article, Phil mentioned a valuation gap between the classic miners and drillers. To remind my readers, in my January 2019 article on the mineral drilling sector I plotted the chart illustrating this gap. Today I present the updated chart evidencing that the valuation gap has shrunk since then:
Chart 1
Source: Simple Digressions
Note: DRILL index has been constructed