/biz/ - Business & Finance

CMMG is not willing to listen to my miner shill so I want to shill it here for my stacker bros.

Gold miner Dundee Precious metals:

>1.29 Billion
>mines 290k oz per year (and some copper
>AISC is $840
>already sits on a pile of cash (560M or 43% of mcap)
>keeps making piles of cash every quarter despite not selling everything it mines
>past 6.75 year mined 207k oz gold and 17.2Klbs more than it sold
>doesnt mention their gold/copper pile in quarterly reports or interviews
>trades at 7.5 times earning
>7.7% of mcap is used per year to pay dividends/buy back stock

If the gold/copper pile is true and I'm the first to discover/highlight this, this company has dollar/gold/copper reserves of perhaps 80% its market cap and is thus being valued at maybe 300 Million tops for a 290k oz massively profitable ($840 AISC) production stream.

I've been following the mining space for 15 years now and this might be the best buy I've ever seen.

Is it normal that a gold miner consistently produces more ounces than it sells?
Dundee Precious Metals has now produced over 200,000 ounces that it hasnt sold in the past 6.5 years.
Is it hoarding high grade concentrate in its inventory?
>picrelated

Have this gold miner in my portfolio for a while now and looked into it's quarterly reports again to see how the company is doing.

So not only is it making heaps of cash (like over 1/3rd of its market cap is simply cash by now) and buying back 5% of it's stock per year with it, it seems like they've been simply selling less gold than they've produced for years now and make no mention of it in their reports.

You just kinda need to go through report after report and add all the numbers up and then you'll basically find out like I did that and in the past 6.5 years they mined 1.655 Million ounces of gold yet only sold 1.455 Million ounces of gold and simply kept 200k ounces of gold sitting in inventory.

At least that's what I think happened with the gold, not sure.
I actually tried to call investor relations but im from yurop and the line doesnt want to connect.
Company is called Dundee Precious Metals and if i'm correct about this excess gold this should be an easy 3x or more.