SKRR Strikes Major Gold Intercept On Olson Project

That’s bad news (at present) for mining executives. But it’s good news for mining investors.

The same assets that investors were scooping up – eagerly – during the strong rally for these stocks in 2020 are now priced at a fraction of these previous levels.

Gold mining stocks are currently “on-sale”

Mining investors have frequently heard that refrain in recent years. But with the price of gold currently at $1836 per oz (and up $266/oz year-over-year), getting these stocks on sale now offers excellent profit potential.

Operating gold mines are seeing surging cash flow and profits, but you would never know this based on the current price of most gold mining stocks.

Investors in most equities are currently terrified about the bottom falling out from under their bubble-priced stocks. In contrast, gold mining stocks represent an extremely strong value proposition.

That’s an archaic concept to the momentum-chasing traders in today’s markets. But to real investors, real value still means something.

Gold mining stocks are a grossly undervalued asset class as a whole. And within this asset class, SKRR is priced very attractively versus its peers – as it prepares to launch its second drilling program.

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Disclosure:

The writer holds shares of SKRR Exploration. SKRR exploration is a client of Dynamic Wealth Research.

 

 

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