Most undervalued gold miners. With massive upside potential. Altn.l and jag.to

Atlyn (altn.l) is trading around forward pe of 8. 2x forward free Cashflow. Making it one of the cheapest gold producer on a cash generation basis. Analyts project 60% upside in the next 3 months alone driven by its leverage to gold prices combine it with low (aisc) enabling high fcf generation.

Jaguar mining (jag.to) its operate 3 mining complex in brazil. Plan to triple its output within 5yrs and its ongoing. On steep discount of 4x - 5x ebitda comaparable to other miners 8-10x. With potential 100% gain as production ramps.

If you compare them to their larger peers like newmont or barrick. Those undervlaued gold miners offer higher beta- greater sensitivity to gold prices for potential bigger returns. They are not "priced in" as majors. Avoiding dilution risk and massive capex . 50%-200% implied upside from analyst versus 15-30% from blue chips.