CHEAPER THAN DIRT! These Mining Stocks Are Cheaper Than the Topsoil in Your Backyard
-Jeff Clark, TheGoldAdvisor.com
You don’t need me to tell you that mining stocks are at depressed levels.
But how cheap they are right now just might shock you…
CHEAPER THAN DIRT—FOR REAL!
I joked to someone at a conference back in 2018 that mining stocks were probably as cheap as dirt. It got me thinking, so when I got back to the office I had a researcher run the calculations—and was stunned at what we found.
Even better, I liked how mining stocks performed shortly after we reported how cheap they were. Over the next 18 months GDX gained 101%. You basically doubled your money in a short period of time by investing in a static index fund.
Why? They were dramatically oversold and poised to jump at the smallest catalyst—much like the setup we have today, as you’ll see.
Since we’re still near the bottom of the typical mining cycle, I updated our tables and calculated the price of price per tonne of each explorer and developer in our portfolio with a Resource and compared it to the price per tonne of topsoil, mulch and compost. (These forms of dirt are typically sold by the cubic yard,
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