Q: Can you give your thoughts on investing in this small gold company. Their ASIC is like $800 USD when goldis trading at $3000 USD.
5i Research Answer:
THX has already done very well this year, up 42%. Its mines have some geopolitica risks, but it is growing nicely and cash flow is picking up. As noted, costs are good. It is very cheap on valuation. Insiders own 9% and 40% is tightly held by strong institutions. There is small cap and sector risk here, certainly, but otherwise it looks quite good.