Cerrado Gold: Too Cheap To Ignore

CERT.V: Gold miner trading at 1.17x P/FCF (1.68x EV/FCF) with 61.1M FCF at $3300 gold. Argentina mine producing 55-60K oz/yr with underground expansion just begun. Holds Portugal polymetallic project (147M NPV) and Quebec iron project (1.6B NPV). Recent Argentina policy changes, hedges rolling off, and mine life extension could drive 100-300% upside in 6-18 months.