Posts  / GDX  / #POST-254329
REDDIT

Gold mines?

Does anyone else study gold mines? I've noticed their official published PEs and NPVs lag the market, using legacy gold prices instead of updated spot prices, leaving enormous money on the table. I started invested 1 year ago, even though GDX was already up 75% y-y, it's returned another 40% since then, with some individual picks exceeding 80-100%. It seems there is still a lot of money left on the table in mid and small cap rampers. My only regret was not following my conviction more and trusting my own numbers more. I've only been an active investor for 1-2 years so I didn't go all-in on my convictions yet.