Relative to physical gold, gold stocks are severely undervalued, said Amir Adnani, Chairman of GoldMining Inc.“Gold prices are the same level they were at in 2016, but the equities are maybe 50% lower than that,” Adnani told Kitco News on the sidelines of the PDAC 2018. “From my perspective, in terms of store of value, I think the gold equities are insanely priced right now.”Adnani noted that although a much higher gold price in the $1,400 range is needed to bring enthusiasm back into the gold exploration space, he remains optimistic in GoldMining’s ability to make accretive acquisitions in today’s price range.“Clearly, right now, it remains a window where you can be opportunistic and you can make acquisitions,” he said.

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Small Cap Stock Digest

MARKET SUMMARY

INDICES

Name Last Change
DOW 25502.30 1.80%
S&P 500 2800.71 1.93%
NASDAQ 7642.67 2.57%
TSX 16089.33 0.96%
TSX-V 637.82 0.00%

Resource Commodities

Name Last Change
Gold 1313.44 0.96%
Silver 15.44 0.13%
Copper 2.84 0.000
Platinum 846.28 0.000
Oil 59.04 1.59%
Natural Gas 2.75 2.47%
Uranium 25.88 0.46%
Zinc 1.32 0.00%

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