It has been a very rough time for precious metals. In recent months they have endured another terrible selloff that feels like a combination of 2013 and 2008. However, think about how they "looked" technically before major bottoms...
Better output along with Q2’s higher average gold prices fueled good revenues growth. And that helped bottom-line accounting earnings surge nicely despite higher costs.
The bottom line is gold stocks are deeply-undervalued today relative to the metal they mine. They were pummeled relentlessly lower in recent months, as extreme gold-futures selling slammed gold.
“These latest exploration drill results along the margins of the current phase one pit shell warrant additional exploration for potential inclusion in our targeted maiden reserve and prefeasibility study”
