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11:54
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Originally posted by calmbeforestorm:
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Is it time for investors to pile into gold and silver stocks? 2022 and 2023 were the years when investors (retail, institutional, etc) piled into lithium stocks and were the subject of M&A. Lithium stocks were the talk of the town, every day. Much money was made but investors are now losing a lot of money in lithium stocks. Smart money will have sold out of lithium stocks a while ago and invested in other commodity stocks. But, lithium prices are in the doghouse now and mines are being shut (eg CXO) and others are losing money eg Bald Hill, Mt Marion and probably more to come. Lithium stocks are the most shorted in the market and for good reason. Gold and silver stocks have been in the doghouse and very much under valued and still are. Market experts expect the price of gold and silver to increase in 2024 with lower interest rates, lower US $ and other factors impacting demand for gold (eg central bank buying). Investors are starting to lose their love affair with lithium stocks and it will probably continue. So will we likely see a re-rating of gold and silver stocks especially small to medium sized producers and advanced developers/explorers especially if POG increases and stays above $US2,100? Yes in my view in 2024 and 2025. Will we see SPR shine in 2024 and beat 2023 SP gains (which were impressive)? Quite possibly if they deliver on further great exploration results and produce a great looking (i.e. low ASIC) FS.
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very informative post. Do you think current MC of $470m is fair value bases on resources, plant and other assets? Seems like this is being held back by the BEOT who are furiously trying to accumulate more. Do you know when next lot of drill results due and new drilling to commence? Thanks
