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”
Regardless of the outcome over the next six weeks, precious metals remain in a very strong position for the next six to 12 months. A Fed policy shift and rate cuts are inevitable..
If I’m wrong the risk is minimal, but if I’m right the reward will be worth taking the risk at the very bottom. This is how you get 5 to 10 baggers in the PM complex.
The bottom line is gold and its miners’ stocks are reentering their strong season. That starts with nice autumn rallies mostly in August and September, normally fueled by Asian seasonal gold demand.
