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Junior Gold Miners as a Hedge, which 3 would you hold?, page-42

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Mickeymouse

3,578 Posts.

36

21/04/15

22:24

Post #: 15130016
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Originally posted by meric ↑

That's a 90m valuation excluding cash, and 20m cash-flow per quarter. But it is in Africa. NST was valued around 4x cash-flow back when it neared $1 per share, too, except it's in Australia, which has much lower sovereign risk, and nearly 6 months later look where we are.

Remember when IO was booming and Rudd wanted a piece of the "super profits"? When your gold is $2200, the host country will want a bigger slice of the money...

Anyways, none of what I've said is sufficient on its own to negate PRU from anyone's portfolio, DYOR....

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thanks Meric, quality response and definately cant ignore the soverign risks, altho BGS is also in Africa and Eric sprott seems to think its worth the punt but always still that risk compared to a good ol aussie miner, what would then your fav pick be for 3 as a hedge?id be interested to hear
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