FNLPF - Fresnillo: An Overlooked Profitable Precious Metals Producer
Introduction
After explaining Balta's semi death spiral in last week's Focus on Europe; in this week's edition, a silver producer that's actually able to generate a profit and positive cash flows gets a well-deserved moment in the spotlight. Fresnillo (FNLPF) is a London-listed precious metals producer that's able to 'make $15 silver and $1,250 gold work'.
Fresnillo: a London-listed pure silver play
Although Fresnillo's operations are in South America, the company does have a London listing and that's the most liquid spot to trade in Fresnillo's stock.
Source: Yahoo Finance
Although the company