I dont own any precious metals but as an avid KWN watcher you cant say I havent been warned. My rational is I would rather invest in the leveraged option of a mine as it will bring greater returns then the metal itself in theory. For example if gold broke through $2000 a 25% gain I would fully expect a number of my gold/silver shares to double and triple in value. What value would you give ARD if silver was $50. As long as somebody is still home and the PFS was a good number and progress was being made you would expect a number like 50c.
I also really enjoy following the progress of some companies and feeling part of something growing and prospering. Not that ARD make me feel that I am part of anything.
My portfolio is 25% down and Im all in. So Im not the most prudent of investors. I hold shares in PGI,ARD,IDC,IVR,MZI & ACB. I am enthusiastic about the near term prospects of PGI,IDC,IVR,MZI. ARD & ACB are hold and hopes. ACB is a uranium company sitting on $20b worth or resource with a mkt cap of $27m ($2.68/Gold oz).
I am guessing you are a bit more senior in years then myself so your strategy makes sense. If I had greater funds I would probably hold a portion in PM.
My apologies if this is a bit off topic re ARD but not much to talk about in that regard.
ARD Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
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