Gold stocks surged to a decisive secular breakout without the metal helping much, which is quite unusual. This is certainly fundamentally-sound, as gold-stock prices should be way higher with these lofty prevailing gold prices.
As a result, most rock samples had gold contents ranging from several tenths of a g/t up to 2.28 g/t, accompanied by strong trace element contents with As up to 7120 ppm...
The fundamentally-superior smaller gold miners are earning money hand-over-fist, yet their stock prices are still languishing. Thus a massive mean-reversion higher is overdue and inevitable.
Aztec Minerals CEO Simon Dyakowski stated “We have again advanced the consolidation of the historic Tombstone district with the acquisition of these unpatented lode mining claims. We are excited to continue to explore targets in the historic Tombstone district..
Despite their best fundamental performances ever, gold stocks remain deeply undervalued relative to their underlying corporate profits. This extreme anomaly won’t last, gold stocks have to revalue much higher.
