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"COMEX gold futures have seen the biggest uptick in net new longs in five years in the past two weeks, though exposure is still not close to the record for open positions, standing at 426,000 contracts currently versus 550,000 contracts held at the end of 2019." from bloombe...
Is listed as a superstock on stockp..a, with a rolling P/E fwd of 3.5.
ROCE of 86% , and a ROE which are 1st out of 149 companies in the metals & mining section for both measurements. An ROA of 36%.
Net dept lowered from 81.1m in 2022 to 48.8mm. It looks as if all is on a roll.
Well I guess all the companies listed promise lots of sunshine in the future, but SRB stands out (if to be believed) as they reckon on doubling production by end of 2025.
Equinox Gold reckon on a production in 2024 of 660,000 to 750,000oz which if taking the average would be 705,000oz compared to 2023 figure would indicate a rise in production of 24.9%. The others are a bit mixed.
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.
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.