RE:RE:RE:Who are these peopleauburn2, As a contrarian investor, I am looking for the sector that offers the greatest discount to intrinsic value, and at this point in time, gold and silver stocks are the place to be.
Within that precious metals space, valuations among the producers run from $700 USD in market cap per ounce of quarterly gold production at the low end to $40,000 USD per ounce of gold production at the high end. I like the multiple mine multiple country producers in the lower half of that valuation range. The four cheapest multiple mine stocks are Orvana Minerals, Aura Minerals,
Mandalay Resources, and Alio Gold in that order.
Are these stocks fairly valued? Of course not! They are seriously undervalued, and as gold and silver prices revert to the mean in the near future, I believe that there will be a significant upside revaluation of stocks within this sector, you will see a phase where the gold and silver stocks play catch up with the rest of the market.