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Hi nimrod22. Will any of these be incrementing their potential production by 25% like PAF in 2024 ?
The Mintails project is set to start in a few months and expected to deliver 50k oz per annum.
HOC produced 186,744oz of gold and 9.5 million oz of silver in 2023, a P/E rolling 1yr of 7.5.
WPM produced 374,00oz Gold and has a P/E rolling 1 yr of 29.6.
EQX (Equinox) produced 564,458oz Gold, P/E rolling 21.7.
SRB produced 33,000oz gold P/E 5.1.
MTL produced 85,744oz Gold P/E 3.6
SHG produced 100,571oz Gold P/E 11.6.
I doubt any of those you list have production topping 200K nor a forward P/E as low as 4.
Is it likely the company will increase divi with increased profits or will they pay off debt?
At adding to my various Gold mining shares; PAF, SRB, MTL, SHG, HOC, WPM, EQX etc and wanted one that has a low spread which would be easier to exit when wanted. PAF fits the bill for easy trading as does HOC. Some of the holdings such as SRB and MTL have greater upward momentum, but may prove more awkward to unload in any large quantities. In the last month Gold Bullion up 7.7% in dollar terms. PAF up 23%, SRB 20%, MTL 49%, HOC 16%, WPM -2.8% (though up 15% over last 2 weeks), and EQX 9% up. So the smaller Gold miners are increasing in multiples of the bullion price and the legs to run much higher in my view.
It's got to come.Like you say Mulder theres no intrinsic value in BTC.Its a ponzi scheme.
Yeah, it's odd that people haven't piled into miners (yet).
Gold up 8% since Valentines which should mean PAF up by about 18%, which actually it is (as each percentage point means a bit more than double the percentage as an increase in profits).
That said, it's the nature of the gold price consistently averaging above 2000 since December that like others I would think makes miners still a bargain.
IMO It means none of Mintails is yet priced in, so surely another big boost late this year.
.
closed below where it should have vs jse price - again.
islandgirl - because a lot of them are in ****(bit)coin which has no intrinsic value and no history. gold has been around for thousands of years.
Amazing how theres little reaction in the miners given the gold prices.I guess production costs are higher but even so!
Upwards hike in EPS for H2 coming.
PAF need to take advantage of these prices ++
The breakout is now confirmed on the 5 year chart too. There was a long downward trend line that joined the three previous highs and today's price is now well above that trend line.
Very tight spread.Looks like it's ready to go soon
All primed for 22-23 Finish this week
SP is 21.4p as I write with gold at an eye watering $2157 (£1,691) !!
Mulder you were right about that 20p sticking point. That's no past it seems.
Amazing gold price currently, the bulls are out in force, everything from $2200 to $20000 predicted.
Some classics from our old friend Peter Schiff https://www.youtube.com/watch?v=cNXLgczF8UQ
Mulder As you know I've also been invested in PAF since 2010. That PE of 10 you're referring must be the spike in August 2020, the SP got to 28p and gold 2070. If gold get's momentum in a similar fashion then the SP here would spike to well over 40p !
The dam will burst at some point,the pressure sure is building
Gold 2146 SP should be flying as our PAF profits :)
Cha-ching!
Have you bothered to contact IR and Hethen Hira with your opinions and thoughts?
No point dwelling in the past.
I've seen PAF trade close to 10x P/E over the past 14 years.
Production guidance will be upgraded.
AISC $1325
Actually, Adjusting AISC for the new lower guidance and the discount to GP for selling makes the 700s.
But the point is clear, upwards.
I am still concerned as to why did the company issued such a lower guidance for these 6 months. When they were coy and silent before the SP got smashed by 30% due to the load shedding.
Actually over $800 profit per oz.
That's over $700 per ounce profit. Looking at a current earnings rate of $140m.
That's a current P/E of around 3.5 What's reasonable for PAF ? Historically it was around 6 before extra political tension and load shedding. If the market prices in a P/E of 5 then SP should get to around 28p, P/E of 4 then an SP of around 23p.
Let's hope the GP sustains.
It totally is.Like so many things in life.
Why does it exist then?
Why are people paid to work for them?
What does it say about the stock market and the people manipulating and shorting it?
Morally and ethically corrupt ++