I’ve been in YCA from 2019 and continue to hold it.
As for miners, you can’t include NXE, they don’t produce anything other than hype and WTF are they doing sponsoring Aston Martin F1 team !!!!! Bad sign.
Far better off in PDN, a real producer at a discount to NAV and you can buy it in either AUD or CAD to enjoy the currency trade as well.
hi Karl, thanks for the comment and the insights !
To be honest my point was that only the top 2 are worth considering (I am not big fan of most miners I prefer commodities straight except for some industrial ones).
I therefore included some by largest market cap I could find without deep-diving in those small equities.
And yes I think the “produced volume” make it clear it’s not a play we should consider !
Hey, great post! I think your valuation metrics of the miners are off, however, or I might misunderstand the table? Because Kazatomprom is not trading at 1x p/e, and NexGen does not have any earnings, so the p/e should be negative.
Thanks Fred, nice piece.
I’ve been in YCA from 2019 and continue to hold it.
As for miners, you can’t include NXE, they don’t produce anything other than hype and WTF are they doing sponsoring Aston Martin F1 team !!!!! Bad sign.
Far better off in PDN, a real producer at a discount to NAV and you can buy it in either AUD or CAD to enjoy the currency trade as well.
Hopefully this link works
https://canaccordgenuity.bluematrix.com/sellside/EmailDocViewer?encrypt=b5c35bf9-a396-46ed-ae42-c4aaff8a2942&mime=pdf&co=Canaccordgenuity&id=info@alphasecurities.com.au&source=mail
Cheers,
hi Karl, thanks for the comment and the insights !
To be honest my point was that only the top 2 are worth considering (I am not big fan of most miners I prefer commodities straight except for some industrial ones).
I therefore included some by largest market cap I could find without deep-diving in those small equities.
And yes I think the “produced volume” make it clear it’s not a play we should consider !
Hey, great post! I think your valuation metrics of the miners are off, however, or I might misunderstand the table? Because Kazatomprom is not trading at 1x p/e, and NexGen does not have any earnings, so the p/e should be negative.
Hi Konrad, thanks for flagging it something has gone wrong in a number of cells in the table indeed !
Yes Kazatomprom had 17.5 P/E when I wrote the article and also agree no earnings for NexGen with negative income.
Will correct tomorrow when I have the time and repost it if I can.
Thanks again and good evening !
Fred