People invest for one reason and one reason only, to make money. In furtherance of that goal, investors choose stocks that are the most likely to provide an adequate return. Your dissertation is nice, unfortunately, when applied to barrick, it does not make the investor money. Balance sheets, reserves, gold play, silver play, these are relative terms and you are playing with semantics, and semantics do not make money. Currently, for a senior producer, nem is a money maker and barrick is a laggard and will continue to be a laggard. My comparison is not between nem and pdg. That is another story. It is between barrick and nem, no contest, nem is currently the clear winner. Investors like companies that take the interests of the shareholder to heart. Barrick is a bankers baby.
Ken |
