"Our observation is that gold stocks, the big producers are as cheap as they have ever been" according to Leigh Goehring.
"'there is a massive valuation discount, cheaper than they have ever been, however, observations regarding the entire gold space, looking at the smaller more speculative the company gets the cheaper it gets relative to where they have ever been before"
Says he, "however given my observation regarding the entire gold space, looking at the smaller more speculative a company gets the cheaper it gets relative to ever before. Gold stocks on average are as cheap as they ever been based upon our methodology. Yes the big high quality producing companies are cheap, however, If your willing to go down to companies that have good projects that aren't in production yet or even better some exploration companies that have exploration going on, yes they are as cheap as they have ever been before"
Meanwhile the gold price marches up as we wait for the scoping study......Fingers and toes crossed.
KAI Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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