These are links to 2 recent documents from this guy you referred to. This is the quote from the first document dated 28 June 24.
“The gold miners will soon report what will almost certainly prove their best quarter ever. Mostly due to Q2’s record-shattering gold prices, gold miners’ earnings should soar off the charts. Those will be further boosted by slightly-lower mining costs many of these companies are predicting. With such incredibly-strong fundamentals, more professional fund managers should soon start investing in this high-potential sector.”
He estimates for the GDX that margins above ASIC will increase by 27% from March quarter 2024 and by 69% ufrom same quarter in 2023.
But he does not allow for expenses above ASIC so the increase in free cash flow or profits will be much greater perhaps over 40% and 200% compared to March quarters 2024 and 2023.
And this is a quote from the second article dated 21 June 24. Particularly note the comment that comment that the biggest SP gains will be in mid-tier and junior gold producers.
I have seen similar comments by other gold observers.
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