Techdamentals
Sep 25, 3:31 PM
Harmony is about as leveraged to the gold price as a producer gets. High cost, deep South African mines, thin margins in normal times.
At
$4,337 those mines print money. At
$2,000 a lot of them don't work at all.
So the entire value of the company is a bet on where gold settles. Not a bet on management, not on reserves. On one number.
Educational tool, not advice. What it's worth:
techdamentals.com/v/HMY?ref=st
$HMY
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