Firstly, everyone is down since May 2018. From their early 2018 highs, the producers are down...
A40 is down 70%
PLS 47%
GXY 57%
ORE 60%
NMT 58%
Then you have the explorers down even more AVZ 86%, SYA 83%, BGS 82% etc.
AJM is 75% down currently.
Why is it suffering worse than PLS?
* Debt and financial concerns (which PLS has less of)
* JRO offtake partner uncertainty for a long time now. (PLS doesn't have this issue)
* Ramp up seems to be going slower than PLS (PLS was at 85% when AJM was at 70%)
I do agree with Johnny87 that AJM has more upside potential than PLS once these issues are resolved based on the relative EV and nameplate output/profits. Both will do great in my eyes.
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