focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Last Sunday night’s punch up in the Hong Kong Gold Market cost “someone” about USD$30b
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Check this out HarChris
https://www.investing.com/equities/newmont-mining
Interesting point booboou
https://www.lbma.org.uk/prices-and-data/london-vault-data
Silver stock at LMB is below 1 year world whole production (1,000 million ounces)
Gold Stock al LBM is above 2 years world whole production (112 million ounces)
IMOV, silver is going to be squeezed earlier than gold.
Hi HarChris,
In your portfolio there are small British miners.
I'm taking about big ones: NewMont, Barrick, First Majectic, Hecla, Fresnillo, New Gold, Kinross and so on. Take a look at their balance sheet and you'll get the main idea.
Agnico is a pretty nice exception.
And I love this one : SilverCrest Metals
And what about PERs and debt?
Taking a look at others gold miners balance sheet I noticed that almost none of them are making profits (hight or negative PERs) and/or are highly indebted (miners working for banks or streamers). That's not the case for Shanta Gold.
However, the main con for Shanta is its tiny size that makes Shanta uninvestable for most funds, ETFs and big investors.
But, on the other hand, this is a huge pro for small investors that can get into and ride a small size hight prospective miner.
I agree. That's the way It is the case of gold, siver, copper, and tin, oil, etc.
Https://elements.visualcapitalist.com/visualizing-gold-price-and-u-s-debt-1970-2023/
And this is BoA point of view for silver:
https://www.kitco.com/news/2023-11-29/Silver-prices-will-see-steady-support-from-EV-solar-in-2024-could-spike-with-industrial-rebound-Bank-of-America.html
Gold reaches 2,073.2 +1.72% ATH at market closing.
That should drag up gold mines prices.
Some macro figures that explain the current rally in gold.
1.Dollar index = 102.77, falling from the high of 107 reached 30 days ago.
2. T2 = 4.75%, falling from the high of 5.1% 30 days ago;
3. T10 = 4.32%, falling from the peak of 5% 30 days ago.
Conclusion: As US rates and the dollar index continue to fall, gold rises.
About Singida superpit: take a look and pay atentiom starting at min 6:53
https://youtu.be/kzMpQlHB89w?si=Xn8SzneaGd_45iQO
I Agree. Another clear exemple of Shanta undervaluation vs peers is SilverCrest Metals. Take a look:
https://www.silvercrestmetals.com/news/index.php?content_id=526
http://www.investing.com/equities/silvercrest-metals-inc?utm_source=investing_app&utm_medium=share_link&utm_campaign=share_i
That is, 20% of the gold extracted in a year (= 3,400 tons or 110 million ounces) is purchased by China.
But China produces 300 tons of gold a year.
The question is: are the 300 included in the 700 or not?
If they were not, China alone purchases 30% of the gold produced in a single year.
Taking a look at TIKR...this site after taking into account all information known by now (gold price, ounces to be produced, AISC, taxes and so on) they assume that Shanta price should be 0.31 GBP.
Pretty target, isn't it?
A little helping for higger gold prices from CB's
https://www.ft.com/content/abc39431-1755-4906-b11e-ee9e53baadfe
This is the kind of thing on E.Zurrin mind when he talks to us about the upcoming drilling grades from Singida.
https://www.superpit.com.au/
Really interesting information about Singida geology. I never thought Singida where that relevant for Shanta's future.
So, The upcoming Singida drilling update is going to be determined for Shanta prospects and stock price, because Singida is a small one and just producing mine.
If Eric is right, we are on the verge of the discovery of an unexpected brand new multimillion gold deposit at a frendly land.
God knows