##pricing gold/commodity shares##, page-16

  1. 24,765 Posts.
    Thurlow wrote:
    "An established cash flow from a mining operation tend to allow for comparison with other investments, both resource and non-resource, and thus allow for a reasonable value of purchase to be put on the resource as a whole."
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    That is exactly the problem. A mining operation is not like say a retailer. That is why the value of the resource stock cannot be effectively based upon the same crireria used to assess the worth of a retailer.

 
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