Jaguar's Pounce and the Remaining Bargains in Gold
Wednesday's reported $1 billion offer for Jaguar Mining by China's Shandong Group is far more than just a lucky reprieve for underwater investors in the stock ... it's a precedent-setting development that requires investors to take mineral resource inventories seriously as a major component of any effort to assign realistic valuations to mining and exploration stocks.
It's also fascinating from a geopolitical standpoint, but I didn't even have room to get into that with all the implications I needed to discuss with respect to industry valuations.
Kudos to BillyTG, who hit the nail on the head yesterday when he said: "The JAG offer makes you wonder just how undervalued mines are right now... "
I'm curious to know your thoughts on my article above! Thanks as always for your readership!