Anchor Resources IPO: While it rides on gold glitter, it there a better play?
- Owns concession rights two two mining leases in Trengganu, Malaysia. Total gold resources at Lubut Mandi mine estimated at 114,000oz.
- Valuation/cost at premium to larger peer, CNMC
- If Anchor spikes, investors might want to buy CNMC on the latter’s more attractive valuations.