Learn to Strike Where Golden Achievements Fall on Deaf Ears
In some respects an obvious proposition, but nonetheless worthwhile to keep in mind when scouring through a battered sector for the standout bargains with low (long-term) downside risk.
Remember when I was urging Fols to buy Yamana at $11 (I think I began touting that combination of traits around $9 per share) because I perceived one of the sector's standout bargains with minimal downside risk? That minimal downside risk was a product of meaningful value-added achievements that the market had persistently failed to account for during a broader period of weakness for precious metals. The discussion in the article linked above is a current application of the same sort of exercise.
Brigus' initial resource was a thing of beauty, and the market's irrational response serves to reduce downside risk in the share. Deep value and low risk ... A powerful combination! Likewise for Cardero Resource with its phenomenal PEA on Carbon Creek.