ClearValue Investing

I Am Buying The Dip

Added 2025-11-06 15:01:38 +0000 UTC

I am buying the dip on BTG today, adding to my position.

Q3 results were in-line, earnings at $0.14 a share. There was a slower ramp-up at their Goose mine in Canada but guidance still maintained for the 2026 ramp-up.

If gold prices maintain, then the P/E ratio for 2026 would be around 5? That is ridiculously low.

There has been media scares of how jihadists are on the verge of taking over Bamako in Mali, the country where BTG has their Fekola mine. I believe this to be overhyped media, as a terrorist group operating with 4,000 in the country cannot occupy and takeover a city of 4,000,000+. The market has basically written off the value of Fekola to $0 even though their operations are unimpeded.

That’s just my opinion and I added more today.

BTG is profitable and ramping up operations. Gold prices are still around $4,000. Dedollarization continues. Still long and strong BTG, with a target date of Spring 2027.