I'll add one other thing: I bought when I did because I concluded that there's a reasonable chance that precious metals made their lows. I also bought a gold miner at the same time I bought TAHO, which has been on my radar for years.. Am I 100% sure that precious metals have made their bottom? No. That's why I invested 2/3 of the money I have allotted to precious metals miners. I have kept 1/3 of such money in the Dollar etf, UUP. I intend to add to UUP until I am 100% certain that the bottom was hit this week. I intend to use most of the remaining money to buy another silver miner since I expect silver to outperform gold, at least initially.It's possible that I might use the remaining money to add to my TAHO holding.
It's relatively inexpensive from a P/B and forward PE perspective, especially cpmpared to peers. When I bought, it was down 66% from its 52-week high. It has outperformed most silver miners over the long-term. It's balance sheet is in good shape, showing very little debt. I like the very nice dividend it provides every month. It's a cash machine, thus the dividend looks to be secure. It has diversified into gold.with its Peru project. which will produce 90,000 ounces annually at costs that are now about half the current price of gold. It's a well-managed company being tight with spending.