2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

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To: ItsAllCyclical who wrote (56185)	10/10/2009 9:12:48 AM
From: orkrious	Read Replies (2) of 217576

I agree with you about liquidity. That's one reason they are cheap. But there's cheap, and then there's really cheap. I keep a spreadsheet of the stocks in which I have decent-size positions. It compares the resources to the market cap. The resources cell uses 100% of the Proven and Probable, 75% of the M&I, and 50% of the inferred. Debt and cash are accounted for. There are clearly other considerations: cash costs, capital structure, political environment, etc. But my spreadsheet gives a first glance look at whether or not something is cheap. AEM has 2.445 times its market cap in resources. ABX has 6.64 NGD has 24.7 (incredibly, ridiculously cheap) JAG has 45.86 (absolutely, insanely cheap) Assuming this bull market in miners continues as many on this board expect, the moves in some of these small stocks are going to be greater than breathtaking. [edit] I just remembered JAG just had a 7% secondary, so that number is off slightly.

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