frommi Posted June 14, 2014 Share Posted June 14, 2014 I am interested in having a small allocation in the gold sector as inflation protection and found this miner as one of the lowest cost miner i could find. They operate mines in Mali/Africa. According to this seeking alpha article http://seekingalpha.com/article/2029941-randgold-the-gold-miner-to-watch-in-2014 the Kibali mine operates at 464$ cashcost, which is extremly low. They have a 10 year history of positive earnings and plan to grow their production by 20% this year. They currently trade at a P/E of 13 and are debt free. Normally i try to avoid miners, but this one looks different. I already build my position, but i appreciate any comments or further insights. Link to comment Share on other sites More sharing options...
frommi Posted June 15, 2014 Author Share Posted June 15, 2014 Stupid little mistake. Gurufocus has a PE of 13.5 on the front page, but when you calculate it with the EPS number you come up with 25.5. I don`t know why gurufocus can`t divide two numbers correctly, but this was my fault. Always double check the numbers. But the rest is still true, so i will simply ride the momentum here, but only for a quick profit. :P Link to comment Share on other sites More sharing options...
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