The future is what we have been accumulating HGO for that's for sure.
Alee's long chart stand alone doesn't tell me much, it did however take me back to 2016 when the copper price crashed to us$1.90 a lb and I discovered HGO in a price to book ratio search.
With nothing better to amuse the grey matter I thought I would check how much better off I would have been had I played a safer game and invested in BHP and how high HGO needs to jump top catch up.
The numbers based on reinvesting dividends indicate that I would have been in twice as good a position today as I am with the funds I invested in June 2016 but will be on a par if HGO gets to 13c.
The question then boils down to will HGO get to 30c before BHP gets to $190?
I think I did the right thing buying more today.
The future is what we have been accumulating HGO for that's for...
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