Junior Gold Miners: Asymmetric Upside in a Volatile Market

Exceptionally Cheap Gold Miners: Value, Growth, and a Hedge

In this piece we are going to discuss some ideas in the precious metal mining space. We will talk through how we originally came across these ideas and our analysis, including discussion of two names that have been briefly mentioned elsewhere and one new name. These are all positions that we currently hold.

They combine cheapness, growth and also provide downside protection in these choppy markets. Even prior to the current turmoil they were exceptionally cheap and they are now at bargain prices; even though they have risen 39%, 55% and 25% YTD they still trade between 2-3x earnings with growth cash balances.