Take Agnico Eagle, for example, which is a 250,000-ounce producer with a market capitalization of $8.5 billion. Based on its proven, probable and inferred resources, AEM sports a market cap value of $289/oz in the ground (source: Resource Stock Guide). About 87% of Agnico Eagle’s operations are in North America – primarily Canada and Mexico.

Contrast this with an assortment of juniors making up a similar production profile:

• Gammon Gold (AMEX: GRS, Bullboards) / (TSX: T.GAM, Bullboards), Bullboards), which operates in Mexico, has a market cap of $848m; annual production of 140k ounces; which values the company at $55.60/oz in the ground.

• Richmont  (AMEX: RIC, Bullboards) / (TSX: T.RIC, Bullboards), which operates in Canada, has a market cap of $80m; annual production of 50k ounces; and is valued at $128/oz in the ground

• Claude Resources (AMEX: CJR, Bullboards) / (TSX: T.CRJ, Bullboards), which operates in Canada, has a market cap of $115m; annual production of 50k ounces;  and is valued at $132/oz in the ground.

Very interesting numbers don't you think?   Tess