Don durrett levert een prima website met tips over hoe je in de mining Consider investing in a mining stock the way you would a fortune 500 company. You would look for a profitable company with a good balance sheet and good management team. Below is a list of quality gold and silver producers with low costs and quality management teams. The gold producers on this list have all-in costs (free cash flow) under $1,100 per oz. The silver producers have all-in costs (free cash flow) under $14 per oz. These are the companies that will likely double first when gold and silver prices rise. In the meantime, they are strong enough to withstand low price swings. None of them have debt issues Summary Gold and silver exposure at a good risk/reward. Low all-in costs. Likely to quickly double in value with higher gold prices. Quality management teams. Good properties. Good locations. Consider investing in a mining stock the way you would a fortune 500 company. You would look for a profitable company with a good balance sheet and good management team. Below is a list of quality gold and silver producers with low costs and quality management teams. The gold producers on this list have all-in costs (free cash flow) under $1,100 per oz. The silver producers have all-in costs (free cash flow) under $14 per oz. These are the companies that will likely double first when gold and silver prices rise. In the meantime, they are strong enough to withstand low price swings. None of them have debt issues.

1. Don Durrett levert een prima website met tips over hoe je in de mining-
branche je een bedje de weg kunt vinden, Veel gedegen uitleg, inclusief
video's.
Growth, contrarian, newsletter provider, research analyst
http://www.goldstockdata.com/#.WeX5BHg1ZOg.linkedin
Summary
Gold and silver exposure at a good risk/reward.
Low all-in costs.
Likely to quickly double in value with higher gold prices.
Quality management teams.
Good properties. Good locations.
Consider investing in a mining stock the way you would a fortune 500
company. You would look for a profitable company with a good balance
sheet and good management team. Below is a list of quality gold and
silver producers with low costs and quality management teams.
The gold producers on this list have all-in costs (free cash flow) under
$1,100 per oz. The silver producers have all-in costs (free cash flow)
under $14 per oz. These are the companies that will likely double first
when gold and silver prices rise. In the meantime, they are strong enough
to withstand low price swings. None of them have debt issues.
Stock Name Symbol (US) Type Rating Share Price
(US)
FD
Shares
FD Mkt Cap
7/30/17
Coeur Mining CDE Gold 2.5 $7.61 181M $1381M
Fortuna Silver FSM Silver 2.5 $4.35 160M $696M
Guyana
Goldfields
OTCPK:GUYFF Gold 2 $3.59 179M $642M

2. Hecla Mining HL Silver 2.5 $4.73 399M $1887M
Kirkland Lake KL Gold 2 $10.59 212M $2245M
Mag Silver MAG Silver 2 $12.60 83M $1045M
McEwen Mining MUX Silver 2.5 $2.27 312M $708M
New Gold NGD Gold 2.5 $3.37 617M $2079M
Pretium
Resources
PVG Gold 2.5 $7.95 187M $1486M
Silvercorp SVM Silver 2.5 $3.48 175M $477M
St Barbara Ltd OTC:STBMF Gold 2 $2.22 518M $1151M
Torex Gold OTCPK:TORXF Gold 2 $14.78 81M $1207M
All of these stocks have been analyzed by me, and I own most of them.
The ratings come from GSD. A 2 rating is a potential 3 bagger at higher
gold/silver prices. A 2.5 rating is a likely 3 bagger at higher gold/silver
prices.
I have learned from experience that when gold/silver prices are trending
higher, you want to own producers. The reason why is because their cash
flow immediately increases and that causes their share price to increase.
There is a direct correlation.
I have also learned that quality producers tend to rise the fastest and
tend to outperform as gold/silver prices rise. Whereas, companies with a
few red flags tend to lag when we get higher gold/silver prices.
The gold/silver mining business is cash intensive. Not only does it cost a
lot of money to produce gold/silver, but most mining companies
continually explore and develop projects. For this reason, a company's
balance sheet is always under scrutiny by investors. When gold/silver

3. prices rise, it has the effect of improving a company's balance sheet, and
sometimes dramatically.
When a quality producer improves its balance sheet, it nearly always rises
in value. By quality, I am referring to its properties, costs, location, and
management team. All of the companies on my list can be considered
quality producers.
If you own a quality producer that suddenly finds itself with a pristine
balance sheet with zero debt and a few hundred million in cash, that stock
is going to explode in value as gold/silver prices rise. This is why you
want to own them. If gold/silver prices rise for an extended period, nearly
all of the stocks on this list are going to become very strong companies
with strong balance sheets.
For this reason, my favorite stocks to own are producers. And the most
ideal stock is a quality producer that is also a growth stock. What is
powerful about creating a portfolio like the one above, is that many of
these stocks are going to be growth stocks. In fact, that is the strategy of
these companies. Once you become a strong producer, you are always
looking for growth. What else are they going to do with their cash flow?
I expect a lot of consolidation in the gold and silver mining industry. For
this reason, you want to own a lot of producers. Why? Because you want
to own the stocks that are the most aggressive and the ones that are
doing the acquisitions. You do not want to own the company that is
acquired. The growth company is the one doing the acquiring.
Growth companies are usually quality producers with low costs that have
high cash flow for acquisitions. However, beware of companies that try to
create growth via debt. A quality company will not let their debt get out of
hand.
A lot of gold/silver mining investors like to invest in exploration stocks for
the potential of quick big gains. A good example is the recent explosion in
Novo Resources (OTCQX:NSRPF). But the risk/reward is much better
chasing cash flow with quality producers. Yes, there is risk that gold/silver
prices could remain low, or even crash and impact all producers.

4. However, if you are a long-term investor and you guess right about
higher gold/silver prices, you will be in a good position.
We have experienced a protracted downtrend with gold/silver prices. The
last high was in August 2011. That was a long time ago and some people
think the bull market for gold/silver is over. I'm not in that camp. I still
expect a new all-time high. If you also expect the gold/silver bull market
to resume, then buying some quality producers is a good bet.
Gold/silver investments in many respects are hedges against a financial
crisis. Thus, if we do get higher gold/silver prices, the odds are that some
of your other investments/assets went down. So, buying a few quality
producers will offset losses in those other asset classes.
I'm in the camp that believes it is possible for nearly all assets to go down
in value except a few types. For instance, I expect most stocks to crash,
along with other assets such as real-estate, used cars, used motorcycles,
used boats, used RVs, collectables, etc. Stuff that has value today,
probably won't if the debt bubble bursts and we have a financial liquidity
crisis.
If all of these other asset classes are at risk in the event of a major
economic crash, then gold/silver is one of the few asset classes that will
actually thrive in such a scenario. Can you imagine the cash flow at
$2,000, $3,000, even $5,000 gold prices? Not owning quality gold/silver
producers today is like not owning Bitcoin when it was trading under
$1,000 - probably a mistake.
Some would argue to stay away from miners and any paper investment,
and stick with physical gold and silver. I actually can't argue against that
advice. I think physical silver is perhaps the best investment at this time
(although Bitcoin also has my attention). I think physical silver has the
best risk/reward characteristics of any investment, because of the current
75 to 1 gold silver ratio.
The problem if you are a big investor, is where are you going to store all
of that silver? If you have to pay annual storage fees, those can add up.

5. Yes, it's good to own some physical silver, but at a certain point, storage
becomes an issue.
I think it is a good idea to own both: physical silver and shares. This way
you have the safety of physical ownership and exposure to a potential
blast off in precious metal prices.
Physical gold is good to own, because it may explode in value. But if it
does, then a quality producer makes even more sense because of the
leverage miners have with their costs. I always think of physical gold as
an asset and not an investment. The gold producers have much more
leverage than physical gold. This creates investment opportunities.
I think the miners are a screaming opportunity, much like Bitcoin was
under $1,000. I was a buyer of Bitcoin at $450 and I recognized it as a
long-term investment opportunity. I also recognize this opportunity with
the miners. Ironically, it will likely take longer for Bitcoin to payoff than
the miners. Bitcoin may be trending today, but at some point, so will the
miners. I don't plan on selling my Bitcoin and could hold it for a decade,
whereas I have an exit plan for my miners, and will likely sell them before
I sell my Bitcoin.
The cash flow for quality producers is going to be incredible once gold
takes off - and it will. Just don't ask me when, because I don't know. I do
know that you can't print money to create prosperity, which is what
central banks have been trying to do since 9/11. What they have been
doing is creating a big mountain of debt, on top of a mountain of debt
that already existed.
One of these days that debt bubble will pop. When it does, money will
flood out of the $50 trillion bond market into gold. That's when you will
want some exposure to quality producers. You can wait for it to pop, or
get in early and take a position now.
Disclosure: I am/we are long KL, MUX, HL, SVM, CDE, FSM.
I wrote this article myself, and it expresses my own opinions. I am not
receiving compensation for it (other than from Seeking Alpha). I have no

6. business relationship with any company whose stock is mentioned in this
article.
Editor's Note: This article discusses one or more securities that do not
trade on a major U.S. exchange. Please be aware of the risks associated
with these stocks.
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