Explains how Perseus has done so well lately however if gold prices rise more than $100/oz, the hedges could turn negative. Still PRU.to/PMNXF has NO DEBT!!!!!!!! If they can build their second mine with minimal outside financing or equity raises, they could dramatically increase cashflow in a couple of years. Haven't bought any yet but thinking about it.
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.