Ride Red Back for Growth

About: Red Back Mining Inc. (RBIFF)
by: Hyperinflation
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Red Back Mining is perhaps the only miner I would even consider owning whose operations lie solely in Africa. The reason is twofold: The geopolitical risk in Ghana and Mauritania is infinitely better than many of the surrounding countries, and their two flagship mines have turned out to be “world class” as they have increased their respective reserve and resource base multiple times just in the past few months. Their failed bid for Moto mines was a blessing in disguise as the DRC is a very spotty country and could have very easily broken a company such as Red Back if things went south, as they have shown to do in the past. Before getting into a detailed analysis concerning