For those of you who would like to take advantage of our Luck O' the Irish SALE but prefer not to make payments online, you are welcome to send us a check or money order in the amount of $114.12 for a 3-year AD-FREE Premium Service Bundle or $190.20 for a 5-year Bundle. Make checks or money orders payable in US funds to "Investor Village" and send to: Investor Village, P.O. Box 2958, Marrero, LA 70073.
As many of you know, we operate on the honor system around here. So, in closing out our Luck O' the Irish SALE, we wanted to advise those of you who plan to pay by check or money order that you can send a PM to Admin informing us of your intention. We will then upgrade your account for 7 days, allowing you to enjoy our ad-free premium service now and giving you a reasonable amount of time to get your payment in.
Barrick Gold released its FY2020 Reserves & Resources update last month, reporting a 2% decrease in reserves year-over-year to 68 million ounces of gold.
It's important to note that Barrick managed to maintain its near industry-leading reserves while maintaining its conservative gold price assumption of $1,200/oz, which is below the industry average of $1,300/oz.
At a share price of $20.20, Barrick trades at barely 10x trailing free cash flow, a very reasonable valuation for a company with one strong visibility into future production.
Therefore, if we were to see further weakness, I would view any pullbacks below $18.65 as low-risk buying opportunities.