Saturday, May 16, 2020 3:54:45 PM
I forgot where, but there was industry analyst that made a presentation around 2012 or so, I think; and he showed how net of financing that gold mining stocks were an overall loser. i.e. The profits from mining gold were less than the financing made so overall investors were worse off for investing in gold mining. His point was a call for companies to stop over paying for mining rights and to start delivering real profits to investors or else there was not going to be any financing for mining.
Louis J. Desy Jr.
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