The mining stocks are historically cheap now – “The mining shares are the cheapest ever. I’ve never seen anything this distorted in my entire career” – James Turk:
That shows the ratio of the XAU index to the price of gold. The junior miners relative to the price of gold are even cheaper.
I have written a new research detailing why I think EMXX is currently undervalued by a factor 3-4x its current stock price. You can get access to that report here (click on image);
Or just click here: Research Reports