Yes i agree most here are in the overpriced catagory and due a decent pullback. If you are analysing SA gold stocks then have a look at GOLD ONE (GDO), trades in SA and AUSand has Gold Resource +13 million JORC/SAMREC compliant ounces, immediately behind LihirGold in terms of resource inventory on the ASX.
This is a (new) low cost producer with large upside.
On Jul 02 02:02 PM Alan Young wrote:
> Based on P/E, none of these are bargains. You have to think the price > of gold will escalate substantially to get decent earnings.
Given the basis of this study the smart money invested in early March and the big money has been in cash and losing out through the inflationary rally and missed the best part of the rally, whilst losing purchasing power.
It is now common sense that the big money will pile into this rally and lose most of the money when the rally fizzes out, in a few months! LOL
Exploring Gold Miner Stocks: Mid-Year 2009 Analysis [View article]
This is a (new) low cost producer with large upside.
On Jul 02 02:02 PM Alan Young wrote:
> Based on P/E, none of these are bargains. You have to think the price
> of gold will escalate substantially to get decent earnings.
Where the Big Money Is Betting Big [View article]
Given the basis of this study the smart money invested in early March and the big money has been in cash and losing out through the inflationary rally and missed the best part of the rally, whilst losing purchasing power.
It is now common sense that the big money will pile into this rally and lose most of the money when the rally fizzes out, in a few months! LOL