EV per Ounce vs EV per Pound: Valuing Different Metals

How to use EV per ounce and EV per pound, what the metric captures, and when it can mislead investors.

Mining Terminal Research

February 12, 2025

Published on February 12, 2025

A practical overview of mining valuation methods, what each captures, and when to use them.

A practical framework for valuing junior mining stocks at different development stages, from grassroots exploration to feasibility.

Why mining stocks trade at discounts to NAV, what drives P/NAV ratios, and how to identify undervalued opportunities.

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