So here is the gold mining industry's AIC - (total costs i.e AISC+ growth capex, G&A, M&A, dividends etc.) vs the gold price. As you can see its been a horrible business, slipping in and out of marginally positive and negative free cash flow over the past 15 years. And suddenly...Boom! Massive positive margin expansion. I'm not sure anyone is really getting this outside the sector specialists. In theory the industry can now, for the first time in living memory, finance reserve replacement and a much higher return of capital to shareholders from FCF.
The @KusasaProject is focused on breaking the cycle of poverty, addressing the issue at its roots by the establishment of an independent primary school serving disadvantaged children.
Watch a video of VSA's recent visit to Kusasa Centre here:
https://t.co/mGinJb9mT7
This is an exciting chart showing a significant opportunity in equities, good for my PM coverage universe of small cap gold and silver @PrimeMiningCorp @CaracalGoldplc @GSilver_co@SierraMadreSM@corp_apollo@tectonic_gold
@marketgem Often happens in early phases of market stress, gold equities track broader equities rather than gold price, as the gold rally becomes more entrenched this breaks down and revert to following gold price
We would like to welcome @SierraMadreSM to 121 Mining Investment London on 17-18 November for 121 investor meetings.
If you would also like to join us or to apply for a free investor pass – click here: https://t.co/Ft3jnSASqG
#121Online#Mining#Investment
Bump for @aim_irr today, looks like now the BCN discount to the offer price has closed the rotation is beginning. Sensed some frustration after IRR hadn’t initially moved but this may change momentum
A great pick from @PaulRenken who initiated on @MillennialLi in January 2017, now being taken out by @GanfengOfficial as their campaign for lithium domination continues
@VSACapital is excited to be working with Tungsten West on its IPO ahead of production restart. @AmonkMonkey spoke to @METhompson72 at the mine site.
VSA Capital welcomes qualifying HNW investors to participate in the IPO.
Info : [email protected] or https://t.co/aWxwQhlZ9d