Thesis is undervalued today compared to its peers and that doesn’t take into account a number of expected positive developments for the company in 2024. This is the essential summary of resource writer Peter Epstein’s views who also happens to be a Thesis shareholder.
He’s also anticipating next year will be a bull market for quality junior companies based on a strong gold price and increased M&A activity with large gold producers looking to acquire juniors with advanced projects and growing reserves.
Mr. Epstein addresses what he sees as value-creating catalysts for Thesis, which sits in the heart of British Columbia’s Golden Horseshoe, “The Company expects to have ~5M ounces booked along with a new PEA in 3Q/24. Very substantial exploration targets could, over time, add millions more ounces. Management believes that Ranch could rival Lawyers in terms of mineral endowment. Over 20 high-quality, drill-ready exploration targets have been identified.
Click below to get a full perspective on Peter Epstein’s views and why he writes, “ One of my favorite gold developers is Thesis Gold (TSX-v: TAU) / (OTCQX: THSGF). Thesis doesn’t need $2,200/oz. to thrive, it would do just fine at $1,850/oz. vs. $2,038/oz. today.”