With operating mines producing positive operating cash flow and developmental mine catalysts on the horizon, Alamos (AGI) gold offers significant upside value with clear catalysts on the horizon. Let me explain.
The Macro Picture for Gold:
I do not consider myself a macro investor, as my style if far more bottom up. However, I was recently compelled to invest in a traditionally more macro asset class, gold.
Reading David Einhorn's most recent shareholder letter, I was surprised to learn that one of my favorite value investors had a large position in the shiny metal.