There are some tenbagger gold miners out there, says one of Australia's best fund managers, if you know where to dig.
There is no way around the fact that a lot of small-cap gold miners have become a lot cheaper after a "blood bath"—in the words of SG Hiscock's Adrian DiMattina—over the past three months.
Over the period, the ASX Small Resources Index is down by a bit more than 30%, prior to today's trading. By contrast, the broader ASX All Ordinaries Index has fallen about 4.5%.
Say what you like about the big trifecta of risks facing the world—a slowdown in China, the potential for sovereign defaults of big countries like Spain and Italy in Europe, and fears of a big slowdown in the U.S. early next year caused by the inaction of its Congress. . .View Full Article