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aussieasxboss

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31/01/21

13:27

Post #: 50582155
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Originally posted by pmd3nka: ↑

@CariKaya: Why CNB, which is still only an explorer for gold? Consider the following Au Producers & their P/E: RMS, 9.50; RRL 8.31; SBM 9.38; SLR 6.5. There is also WAF, 4.5 (based on last quarter, which includes capital cost of a new development/expansion [one off?])! Of course WAF has geopolitical issues, as do most African Miners.

These producers have none of the uncertainty of CNB, nor the need to borrow money just to develop a new mine, and are expanding production. By all means have a position in CNB, your choice, but to average **down**?

All IMHO only! And more STT than DT. Discl: hold the aforesaid stocks and not CNB (atm).

Cheers & stay well.

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mate - I have been WAF biggest supporter .

I have told everyone on here to buy in for the long term.

exactly right - if WAF was in Perth it would be$2.5

could be worse - we could be in MALI but we are close enough to Mali which effects us.

I remember the coup in Mali last year and the SP dropped rapidly .

WAF is 100% unhedged

$$$$$
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