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$1,391.7 gold futures

Junior Gold Miners as a Hedge, which 3 would you hold?, page-28

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Mickeymouse

3,582 Posts.

36

21/04/15

21:23

Post #: 15129739
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Originally posted by CashedUP$$ ↑

Simple facts. Compare BDR with SAR. Market cap of BDR is low has 70 mill cash has 60 mill debt. Long established mine has The BRL on its side gets paid in US $$ payout in brazil dollars. Big resources. Low cost producer of approx ASIC of 900. Currently producing 160,000 ounces of gold has iron ore and a heap of Australian land. The short register is showing 33 million shares on Loan. This is one stock that will fly once gold runs and all the shorts reverse their position. DYOR

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BDR $70mil cash on hand and no debt and one of the lowest cost producers, that definatly fits my hedge senario from the orignial post
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0 Great analysis

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