The value of gold miners to shareholders is the dividend return over the life of the mine minus the money they put in. Overall the value of the entire gold mining industry must be negative at the shareholder interface. Its positive to directors, workers and government. But they are total garbage for shareholders as investments over the long term.
It doesnt matter how much money the company earns the directors will find another lame stunt to squander it on.
Every gold stock rally is a sucker rally.
LGL Price at posting:
$3.00 Sentiment: None Disclosure: Not Held
