some gold mining stocks are great buys now ..

'morning,

If you understand charts, study this one -





It looks to me as though the XAU is nearing a turning point of significance.

If/when that happens, some of the gold miners should increase in price very significantly ... but which ones are really good buys, rather than just cheap buys, at the moment?

For an investment (as opposed to speculation on the elusive '50 bagger') I believe it best to look for a company that -

* is already producing considerable gold (say 100,000 oz/year or more)

* and is doing this at a low cost/oz ( I believe this is very important - it seems inevitable that costs, which are rising now, will continue to rise much further)

* and has a low P/E (say >5)

* and has a good cash flow

* and has low/no debt

* and has more than adequate funds on hand

* and operates under good (tried and proven) management

* and has low/no sovereign risk (ideally operating solely here in Australia)

* and has some proven years of production ahead.


I know of 1 company at least that meets all these requirements - Dominion - and consequently have bought a small holding in it.

I'd like to hear of other Oz companies that meet ALL of the criteria I've listed above.


With thanks in advance


dub