I am trying to focus on a niche sector: the precious metals and mining business. As a millennial and an Austrian economist + contrarian speculator, I am working to formulate a unique branch for anarchists and like minded investors. So expect more contrarian/value investments with an Austrian economic macro-fundamental guide.
Last night I pulled an all nighter writing an article for Seeking Alpha(http://seekingalpha.com/article/3996447-teranga-gold-corp-anatomy-unseen-value) about a gold mining company that I think is undervalued substantially.
The market cap relative to how many gold reserves they have (roughly 6million ounces; 9million with the acquisition) + production levels (200-225k per annum) + profitability, doesn't make sense.
One of my favorite aspects is that the management set 40-50% of their fixed assets cost's in EUROs, thus as the euro weakens, so will the currency conversion (they sell gold for dollars, which they convert to euros which they pay their bills - the stronger the dollar/weaker the euro, the more they get through the ForEx).
Also instead of simply PROFIT the company generates FREE CASH FLOW . This, as Ben Graham taught, is what really matters. Quoting the old adage: cash is always king.
Individuals can read through their corporate presentation (http://www.terangagold.com/English/investors/presentations/default.aspx) from their website to get a image of what theyre about. But my article touches on many points.
After reading, and have any questions or feedback feel free to chat with me via Steemit or SeekingAlpha or Twitter
Enjoy
Yes I agree the world's reserves of gold are great