Your trades may not work out if you have too many unselective miners in your account. At current and continuous price downturn, you can not evaluate a company as undervalued based on its stock price only. But I see BAA as the only one.
Now everything is good for BAA, even those that were though as bad things before.
1, open pit mine with high grades, which is the major factor for low cost.
2, in Congo or in a poor country, not in USA or a developed country, which means cheap labor and benefit, so another major factor for low cost.
3, in a corruption country, I came from a corruption country. Companies can success easily if they know how to deal with the government officers. Do you remember that Wallstreat article about BAA? So, I agree what BAA has beeing doing.
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