There are still plenty of gold companies that are about to commence production or are in the early stages of preproduction with a proven resource.
These companies are undervalued at current prices or even lower POG.
Look at Redback RBK, a personal favorite.
Bolsini gold BSG have an esablished mine in Georgia generating $1.5 mill a quarter, and they have are earning into some nice ground in Mexico. PE is 3 undiluted, 5 fully diluted.
Most of the exclusively Australian based companies have run, those however based in Africa or else where haven't moved as much... these may be the ones to focus on to limit any rapid downside risk.
