there are 3 main variables you need to think about - in my view - to work out which stocks will perform best from here - if yu are assuming gold price will rise
- cost of production - higher it is, more profit rises per % rise in gold price
- usd cost or aud cost base - and whether you think aud pog or usd pog qwill rise fster from here
- current earnings multiple per ounce/productiion+ prospect of future production increase
it was on this basis i was recommending rsg last nov rather than the aud producers
My own view is that usd pog will rise faster than aud pog will rise on a % basis. US is weaker intrinsically because of much higher debt to gdp ratio.
On that basis i rate the following as my top 10 on a 2yr + view - though im not fully versed on newmont, agg and a few others)
edv.to
rsg
nst
evn
sar
bdr
pru
slr
blk
sbm
just my 2c. i think understanding the valuation drivers is the main thing 0- so you can make your own choices
btw - if you dont think gold rises much from here - then the stocks yoiu would choose would be very different
