- Vista Gold is up over 40% this year, and is one of the better performing optionality plays in the gold developer space.
- The company is sitting on one of the largest undeveloped gold resources in Australia with 9.48 million ounces of gold at an average grade of 0.78 grams per tonne.
- While Mt. Todd was unlikely to be developed below $1,500/oz gold, it's becoming more likely that the project could get developed if gold stays above $1,800/oz.
- I see much better opportunities elsewhere in the sector given Vista's high optionality, but the valuation remains reasonable near $1.00.
For further details see:
Vista Gold: A Look At The Valuation After The Advance