In the precious metals mining industry a large part of equity prices reflect the price of gold and silver. But in this herd of mismanaged elephants and lottery tickets, there exists a few properly managed nuggets that are hidden in the piles of wasted ore.
Wesdome is one of those companies. When the gold market really takes off investors will eventually realize this (many already have), and as hot money rolls into mining companies, outfits like Wesdome can be easily overlooked against the larger cap majors. But eventually the smart money finds the well managed companies.
This is a long-term hold. Much like Kirkland Lake was a couple of years ago. Watch it shine with Gold and expect a healthy return in the medium term. (assuming banksters don't smash gold).
Wesdome is one of those companies. When the gold market really takes off investors will eventually realize this (many already have), and as hot money rolls into mining companies, outfits like Wesdome can be easily overlooked against the larger cap majors. But eventually the smart money finds the well managed companies.
This is a long-term hold. Much like Kirkland Lake was a couple of years ago. Watch it shine with Gold and expect a healthy return in the medium term. (assuming banksters don't smash gold).