Its a buy, page-53

I've never used the P/E ratio in valuing an Au mine because I think the underlying metrics aren't indicative of anything in this news-driven, commodity-specific space. PoG, AISC, address, production, hedging, seasonality (less so these days), cash and near- to mid-term production growth are where I start. Then it gets hard.

A rising AUD is mostly a headwind; machinery, gear, fuel are cheaper, but so is the PoG.

With crypto possibly dampening demand I thought, to put a finer point on this market the link may be instructive:

Why Gold Mining Stocks Outperform Gold in Bull Markets

Concerning the PoG I think this dip may be a buy, especially nearer USD1900 (nevertheless I bought SLR) primarily because the Dems win of both Georgia Senate seats will open the monetary floodgates thereby devaluing the USD. However, NB: I'm watching the 10 Year Treasury rate. It is key.

Democrats Win Power, Capitol Hill Stormed

I've owned SLR before and have been rewarded.

OV