A relative estimate:
Some quick comparative math that can be used as a guide in calculating relative stock value. Although not entirely accurate… This is a good guide to make a quick valuation based on relative performance. The market considers many other factors when it sets a price, but it too is not 100% accurate. We are just making a comparison here.
Gold production by comparative ratio:
GCR = (1718oz/33102oz) = 0.0519
Shares out ratio:
SOR= (436394662/237650916) = 1.8
Relative SP value by production:
$7.84 x GCR = .406
On a relative comparison MTO should be valued at .41 (rounded up) that means the relative price of Osisko should be half because it has almost twice (SOR) the shares outstanding (7.80/2)=3.90. That would make it as oversold as MTO with the shares out.
That’s with Osisko moving more ore and using more energy… but producing more gold. Both of these companies are in the same province. Also, both of these companies are considered oversold at today’s prices.