Given the global uncertainty around I find it hard to understand why "goldies" are out of favour
Their business is essentially manufacture and retail combined
They know the cost to manufacture the product, (drilling results and mapping) they know the cost of "manufacture",
They then have a list of clients constantly buying this product regardless of how much they produce, and if they want theu can lock in these buyers for the future as far out as they like,
Guaranteed profit.
Now compare that to any retail, property or banking stock, who are at the whim of downturns, job losses recessions ........
Seems obvious who has the better business model, just that most people cannot get their heads around what an established miner really is
GLTAH
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