What's not to like ?At the risk of jinxing us ...
is 3 handle in sight again?
Inflation showing signs of being tamed = Fed backing off interest rate hikes = lower US dollar
= higher price for Gold (inversely correlated to USD)
Add to that, lower mine operationg costs in the form of cheaper energy prices (one of the largest input costs)
So it would seem that the pile of cash that EDV is creating each year, may grow quite a bit larger due to:
- higher PoG
- lower costs
- more mines coming on board
- inexpensive finds and addtions to future resources - all around them
- increasing country diversification
- virtually no debt repayments
Meaning more $ for Dividends and share buy-backs.
= more new investors
and higher EPS
= more new investors.
MM