RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:cash balance is not equal to q2 earningsagain you want your cake and eat it too. funding has to come from somewhere, it is not free. caldas will be producing a lot of cash when it is expanded and produce more cash than the initial capex investment (according to pre-feas). mine life is very long, in 10 years the gold price will be much higher, and their $1400 gold estimate would be ancient history, with npv increasing with both the gold price and drilling of more oz.
tech stocks are overvalued currently, it is like the dot com tech bubble all over again with very high p/e ratios (a lot higher than gcm). what if the tech bubble crashes again like it did before?
technology continuously gets replaced with more advanced technology and a company can be made obsolete overnight by another competitor. in that way it is harder to predict the future of a tech company, compared to a miner with a feasibility study and a long term mine plan, its future is more predictable. there is no competitor that can make a miner obsolete overnight by selling a better version of gold. they are all selling the same version of gold.