what people just don't getDespite the (very modest) rebound in the sector since year-end (when the TSX-V itself was down 81%!), the average mining stock remains down 80%-90% from its highs, particularly the PM juniors which have clearly underperformed the base metal miners (thanks to the Gold Cartel, of course).
All you have to do is look at some of the best names, such as Victoria Gold (VIT.V) to see what I mean.
The company has easily the largest discovery since Aurelian (in Nevada, no less); check out last week's PR, for example.
It is also 20%+ owned by KGC, who reupped by buying more in December, and is partnered with ABX and NEM on major projects. They have $12 million or so in the bank, and made two major acquisitions for an average of $9/oz of gold this spring, raising its resources to 4.4 million Au ounces, most in the higher categories.
Plus, it is getting ready to move toward production (see today's PR), and has a huge institutional and sell-side following.
Yet, despite all this, it trades at just $0.29/ Ag equivalent ounce, or even LESS than the $0.33 SDRG trades at.
When money returns to THE SECTOR, which it surely will due to its amazing fundamentals (not to mention the imminent end of the Gold Cartel), the tide will lift all boats, particularly those with the prime assets (such as SDRG)!
yoyo