- Dundee Precious Metals is a gold producer with a nice copper credit and a strategic smelter in Namibia.
- The balance sheet contains US$1.5/share in net cash, while the operations are generating north of US$1.2/year in free cash flow.
- Dundee is trading at a double-digit free cash flow yield and still is a buy as sustaining capex requirements will decrease the next few years.
- The Ada Tepe mine life will have to be extended soon, so I'm hoping to see more exploration efforts.
For further details see:
Dundee Precious Metals: Likely One Of The Cheapest Gold Producers In The World