Not exact matches
While the marginal production cost
issue undoubtedly makes the current extreme in the gold / XAU ratio less compelling than it might appear otherwise, we do believe that precious metals shares are quite
depressed in
valuation terms.
Given Visteon's multiple internal and external catalyst's, highly attractive absolute
valuation and the outsized spread between the company's «when
issued» shares and the already
depressed valuation's of its global competitors, we think that the stars are aligning for bargain hunting investors to generate spectacular returns of 30 % + in a short period of time with relatively low risk.
While the marginal production cost
issue undoubtedly makes the current extreme in the gold / XAU ratio less compelling than it might appear otherwise, we do believe that precious metals shares are quite
depressed in
valuation terms.