GOLD 0.51% $1,391.7 gold futures

gold, page-94890

  1. 4,084 Posts.
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    I was referring to Mining exploration company. Agree re most ETFs being nothing more than paper. The PE's on the producers are attractive but I personally have the theory that Gold in the ground is a pretty good storage option especially if the the explorer is adding constantly to the ounces at a low discovery cost, tight share register, cash at hand, low dilution of shares and hopefully multiple x upside. The miners today imo might end up with depleted reserves in 10years when gold price is higher in hindsight almost giving there gold away. Most explorers however are just admin and management cash grabs that have no interest in drilling so I appreciate the ones that have skin in the game and pump out the metres without all the marketing BS. Thanks for the link- I'll have a read.
 
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