Monday 1 April 2013

John Doody on Gold Stocks

Doody writes the Gold Stock Analyst. Discusses looking for miners HERE which;

  • Are proven producers or are very near commencing production (avoid unproven exploration plays)
  • Have big existing cash flows or are projected to grow their cash flows quickly in the next few years
  • Compare favorably to their peer group on the following ratios:
    • market cap/ounce in reserves
    • market cap/cash flow
    • net margin
  • Do not dilute their share base (this has been a huge problem in past years)
  • Report an "all-in cash-cost" in their accounting. $900 or less is desired.

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