If you are looking for the cheapest gold producer no debtI own NMI and CAL. CAL is my largest gold holding by far. Do your homework on CAL, everyone comes off on Zimbabwe but they are the only indiginized mining company in the country and are half owned by locals and government who love them.
I posted the following recently on the CAL board:
Blood in the streets time for Gold.
It's amazing how powerful fear is when it comes to losing money in the markets. Gold producers priced as if Gold price will be under $1000 from now on. Even if Gold were to stay at $1000 for the next 5 years there would be little to none mines built and production would decrease substancially.. All this in a world where Central Banks are keeping printing presses endlessly printing money and are only going to increase printing going forward. We have people believing again that Gold is not money when it has always been and always will be the only true form of money. Gold is also the only form of money that has no counter party risk attached to it.
Even at $1000 gold, CAL with cash costs of $650 in 2017, with no debt, will be trading at 2.5x Cash.
I am back at full postion again with my final 4000 shares pruchase at $1.37 yesterday.
Looking forward to a double from here on any kind of rational bounce in the price of Gold...probably get there in 2017.
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.cal&postid=25534486#pPIl7fUbm1QZo7Aa.99