thanks for the hint; I just spent the $29 on the report (seems a fair review for me to read since I have over $100,000 invested in this part of the market).
I note, however, a lot of the info is based on dishonest information from companies. I mean the info is unvetted. That is fair - as better for me to vet - which I have done over the years.
I would be wary of something like CTO with 11 mill ozs resoucres and 22 mill 'accessible' ozs. I cant figure out where they got 'accessible' from. It seems some pie in the sky number above resources! But in the case of CTO they have 11 mill oz resources and produce 8k a year. The report nabs them for 320k oz a year production at $736 cash cost. Now there is a bargain for you. 320,000 x 1000 (profit over cash costs) = 320,000,000 yearly profit. Which I guess will go for 30 years + (production into resources). So we are talking about 320mill x 30 = $10 bill profit over time. For a market cap of 12 mill.
(trust me, I think CTO is actually worth closer to NIL, than $10 billion).
But the reading is good. It gives me more to research.
My goal is simple
1) big resources (as pog will eventually make big resources big reserves) 2) politically safe (the report does a good thing in weeding out some companies in unsafe places) 3) open pit (given a choice, let us scrape the stuff up rather than worry about digging those expensive underground holes) 4) about to produce 5) management that are straightforward and not story tellers
But I agree with the premise. Cheaper and better hedged to buy the stuff in the ground. It can be safer there too. I guess they will not mine tungsten
