Sunday, December 6, 2015
Clownish amateurism from Palisade Radio
Mining.com - OMG miners trading at 4% of in situ metal value LOL.
What kind of fucking idiocy is this?:
The reason they trade at a fraction of their "in situ metal value" is because they're only worth the discounted NPV of the profit they can earn on the metal.
So of course they're trading at close to 0% of in situ value. Because gold miners don't make a fucking cent in profit.