Filograph
My Investing Strategy
(Note: I like to include this at the top of all my Seeking Alpha articles)
This article is based on my investment strategy, which is the expectation of higher gold prices. In fact, I focus on valuing gold miners at $2,500 to $3,000 gold (expected in 2-4 years). Moreover, I think gold miners are high-risk speculation stocks and should be avoided unless you are a long-term investor and expect much higher gold prices.
Introduction
I have followed Jaguar Mining for years. They have not been a favorite of mine. They went bankrupt a few years ago and then started over after clearing off their debt. When they started over, they brought in a very conservative management team. They decided to be very careful and grow production slowly, as well as explore slowly with a small exploration budget.
I was not a fan of this slow approach, but I kept an eye on them. I knew they had a lot of drill targets and a lot…
