RE:RE:Slow and steady accumulation continues
Given how weak gold stocks have been in recent weeks,Tomagold has been a star performer. Other juniors that I own such as Midas Gold and Outcrop Gold have sunk to ridiculously low valuations given their assets. Even Barrick, which just announced blowout profits, still has an insanely low valuation given where the gold price is.
At 14 million canadian dollars market cap, Tomagold still has a long way to run IMHO. The other interesting thing is that because Tomagold owns so many shares in other companies (IAMGold, Pacton, Goliath), lifts in the prices of those shares should automatically propel Tomagold higher. For example, IAMGold clearly also has a long way to go to reach its most recent top. My view is that everything in the precious metals sector seems unreasonably undervalued at the moment.