Good post. That is based on only 100,000 oz pa. That is just for starters with 1.7m oz outlined so far and the plant can be scaled up. I bought more this morning because this is short term-ism. They also have tax losses. Thanks.
“Investing is an intellectual pursuit for many, so the ability to ‘look right’ can be strong. However, successful investing requires being able to bet against the crowd and look foolish sometimes.
Though markets are generally rational, they occasionally do crazy things. Seizing the opportunities then offered does not require great intelligence, a degree in economics or a familiarity with Wall Street jargon such as alpha and beta. What investors then need instead is an ability to both disregard mob fears or enthusiasms and to focus on a few simple fundamentals. A willingness to look unimaginative for a sustained period – or even to look foolish – is also essential.” The latest Buffett letter(Berkshire)
