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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (62401)8/28/2019 11:28:08 AM
From: Madharry  Read Replies (1) of 78764
 
sorry i didnt address your question. I have really bad experience in general with miners. there is almost no visibility in terms of economic feasibility for a mine ore actual costs of production. then you have issues of possible governmental interference in all sorts of ways enviromental regulations , taxation, etc. there is also very little oversight in terms of management pillaging the company's assets. I decided to stick with axu because there is lots of silver in the ground it was previously a successfully mined area and they should have a better idea of what there costs will be since they have been at this for quite awhile. when silver got to $40 this was a $9 stock and i believe the company expanded their resource base since then. But I cant tell you that we wont get screwed at some point by either management or the canadian government. let me know if you find any value plays.
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