Gold up $17.40 at last count- positive for our market Monday. Gold companies on my watch list are up varying degrees. When researched the 3 standouts are MLX, NST, EVN. Miners SBM and RRL are my secondary choice. I don't know the reason SBM has shot up as much as it has.
Too much long term debt is a companies undoing. Look at NCM -crippled from debt and just starting to making a comeback. Yet if the gold price takes off in $30 -$50 leaps, you would nearly put the farm on it.
NST, MLX and EVN have bought great Gold mines off bigger companies that were forced to sell and I hope EVN can handle the debt its taken on.
MLX will certainly have a lot more cash rolling in by the end of the year so the SP could be up a lot more than it is. No debt, plenty of cash and more exploration taken/taking place.
I noticed that NST share price moved up, following their USA presentation. More people seeing what a great company it is.
I am appreciating the action in the Gold producers.
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