Gold Is Headed Much Higher But Take A Look At This…
John Hathaway, Senior Portfolio Manager at Sprott Asset Management
Excerpt:
”Gold mining stock valuations are the lowest in 25 years.”
”BMO calculates an average return on capital of 14.4% for mid-capitalization producers and 25.8% for small-cap producers in a semi-liquidation scenario”
”The average annual gold price has increased over 20% since 2011. The gold price is the single most important fundamental driver of earnings and returns on capital. However, gold stocks have declined over 40% (based on GDX) since 2011...a 60% performance divergence”
”BMO Research forecasts a decline in production costs (All In Sustaining Costs or AISC) of 14%, 11% and 25% for large-, mid- and small-cap producers, respectively.”
”According to Bloomberg, the reserve life of the top 10 miners has declined 33% in the last 10 years.”
"In our opinion, the investment case for gold mining equities is clear and compelling.”
https://kingworldnews.com/john-hathaway-gold-is-headed-much-higher-but-take-a-look-at-this/
Kind regards,
Gold Mining
Add GOR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.79 |
Change
-0.010(0.56%) |
Mkt cap ! $1.933B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.81 | $1.78 | $5.965M | 3.336M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49610 | $1.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 1322 | 1 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| GOR (ASX) Chart |