IAG is also undervalued by almost half of book BUT they are not in an environment with two Unions competing against one another to the detriment of the shareholders and mine owners. Socialist environment with the workers at present. Second reason, the highest cost per ounce for the miners. You think things will get cheaper when you factor in this scenerio? High risk at the extreme.
lvegas, who has two unions competing and highest cost? IAG or HMY? Fill me in. thx.
HMY is very cheap now. It is $2 a share cheaper now than at the low of 2008 crisis. Gold will rebound because the dollar will crash and HMY will rebound to $8 faster than you can blink.