tag:blogger.com,1999:blog-18079728.post5312133864458580452..comments2023-11-02T07:30:03.967-07:00Comments on Cassandra Does Tokyo: Prospecting"Cassandra"http://www.blogger.com/profile/17412381249313151515noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-18079728.post-38865168060212552392013-04-16T06:14:14.660-07:002013-04-16T06:14:14.660-07:00-25%
http://finance.yahoo.com/q/bc?s=GDX+Basic+C...<br /> -25%<br /><br /> http://finance.yahoo.com/q/bc?s=GDX+Basic+Chart&t=1mAnonymoushttps://www.blogger.com/profile/08182415799312856325noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-61479023536645010932013-03-17T10:40:49.274-07:002013-03-17T10:40:49.274-07:00Anon,
While I am a skeptical person, I do not sha...Anon,<br /><br />While I am a skeptical person, I do not share your cynicism. The number of CEOs ousted across the resource sector is immense. And I am not talking spec producers or Vancouver or hedgie promotions (like Pretium). <br /><br />RichL,<br />There are few SICs that are as flat on their backs across every measure (forward-looking, fundamental valuation metrics) as the miners. To me, "Cassandra"https://www.blogger.com/profile/17412381249313151515noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-8031643932617812152013-03-16T13:57:10.666-07:002013-03-16T13:57:10.666-07:00The negative case is a bit more persuasive to me b...The negative case is a bit more persuasive to me because costs have risen while the metal is flattish. Governments also seem inclined toward renegotiating their contracts unilaterally- see ABX and GG with the Dominican Rep., and Mongolia with TRQ.<br /><br />With shale plays in oil & gas there is a declining cost curve and some sanctity of contract in the US. That said, Sibanye Gold seems OK RichLnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-57405684672609290232013-03-15T09:57:27.076-07:002013-03-15T09:57:27.076-07:00An argument can be made that gold miners are as ca...An argument can be made that gold miners are as cash-flow free as gold itself. In fact, most of them make money and they re-invest it in more and more marginal operations, with ever-rising costs. Eventually, the price of gold will not cover their costs, and their investors will have seen no cash flow. This happens, to a some extent, with other resource producers, although they seem lately to be Anonymousnoreply@blogger.com