/biz/ - Business & Finance

>>16107670
Just use the iShares ETF

Also if you want to speculate use the Gold Exploration ETFs

>>16107670
Greed is an actual cancer to this planet.

>>16107707
Stay poor

>>16107757
die

>>16107670
Great idea man, the market has not taken into account the rise of gold and silver in the miners.
Q3 resulsts will blow up the prices for many miners.

I have 4 main holds:
Kirkland Lake Gold
Lowest cost gold producer (600$ AISC), has had a colossal expansion and is still growing but nearing the end of the growth fase. Management always underestimated actual production and is now guiding toward 1.05 Million ounces next year.
I thus believe we'll see 1.1 - 1.2 million ounces and AISC might continue to drop.

I think we can go another 30-50% higher in the next 6 months but am looking to sell then.

Hochschild Mining
Has been under the radar imo. 60% gold 40% silver. Had to close a silver mine due to high cost and low prices. Still fairly low value for what it actually produces. For every gold equivalent ounce produced this year the company is only valued at 2750 USD.
Family owned and operated.
Recently got sold off because they made an investment into the rare earth space.
Gives you exposure to silver if silver should pop.

Dundee Precious Metals
This is probably my favorite of the bunch.
Active in eastern europe (bulgaria, serbia)
Just opened up its second mine, Ada Tepe, right when gold prices started to take off.
Q3 production figures are out with a 25% increase in gold production qoq due to the opening of second mine. First mine hit an expected and temporary low grade zone so production should increase even further in Q4.
Also produces some copper. If you calculate its valuation based on Q3 then I get a valuation of 1870 dollar per ounce per year. AISC is actually pretty low so profits are decently high. Q3 results and Q4 results are going to be amazing when combining production increase and rise of gold price.

Teranga Gold
African mines. Is also supposed to expand soon. Also very low valuation similar to Dundee.
>>16107707
What about ant nests?
Those are the real destroyers of beautiful dirt.
https://www.youtube.com/watch?v=dwHGCMwZwJU

>>16107670
Nothing ecu ador related or south America

It's over

>>16107932
The next 5 to 10 years are full of destruction

>>16107850
>no NAK
Not gonna make it.

>>16107961
This.

>>16107961
>>16107970
Shoo shoo, Rakesh.

Anyway OP, you should really look into them.
Just made comparisons with the big miners.
For example Barrick and Newmont are traded at over 5000$ per ounce they mine in a year.
Newcrest even 6500.
Even South African miners that are in a relentless production decline like Anglogold Ashanti are still traded at 2800.

It shouldn't take a rocket scientist to figure out that Dundee, located in a better, stabler region (East Europe vs South Africa) and with a rapidly expanding production is significantly undervalued at 1870 dollars per ounce. That's not even to mention that Dundee's AISC in the first half of the year was 762 compared to 1002 for anglogold.
Really a no brainer pick.

>>16107670
OP
Great Panther Mining.
Absolute steal right now.
Waited for the opening to collect my bag
Sell of happening after bad Q3 results and CEO being fired.
This has all the signs of a turnaround story
At 170 million MCAP this is very cheap.

>>16107850
Do you have this pasta saved to pump your bags?

>>16108254
I understand you’re playing more of a big boy game here with mines that are actually in production and probably have a much larger portfolio than me, but you must have at least a suicide stack in NAK, no? Especially with the recent news and the turnaround in the administrations stance on pebble. Permitting around the corner etc...

>junior miners

>>16107707
Dumb hippie tree hugger the planet is doing fine

>>16108996
I'll have a look into it.
But if you say there's been big recent news, why isnt the share price not trending yet?