RE:IndifferenceYou are not wrong.
However, have you noticed that 95% of gold equities have been clubbed like a baby seal?
There is total market indifference toward explorers, near producers and producers. Even cash flow rich gold producers with low AISCs (evidence EDV).
Not to mention a general market collapse that is hurting almost every non-resource equity as well.
Such "indifference" towards value, IMO, represents a once in a life-time opportunity. Gold equities have never been cheaper.
As Rick Rule says, " I like it when the stocks that I have thoroughly researched go down in price...it gives me an opportunity to buy more, while they are on sale."
Some may go out of business based on an inability to raise capital for expansions or exploration - so you need to take that into account.
At any rate I like the chep price for proven oz's in the ground here, and the likelihood that there is much more to be proven out in 2022 and 2023 based on on-going exploration.
As Warren Buffet said, the stock market is a mechanism for separating the impatient from their money.
MM