Market Wrap - Stock pick — Polyus
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Steven Schultz from Momentum chose Polyus as his stock pick of the day.
"My stock pick this evening is Polyus, for the viewers not familiar with it, it is currently russia's largest goldminer and one of the top 10 producers globally in terms of volume. It's arguably the highest quality major miner in the world with all mines being open pit and highly mechanized which means that its current extraction of gold is at a cost price of around 600 us dollars. This is of course a great competitive advantage and I suppose no secret that I'm a fan of gold in this environment and one of the few people that believe that potentially an inflation surprise may be around the corner for the US and the globe."
"My stock pick this evening is Polyus, for the viewers not familiar with it, it is currently russia's largest goldminer and one of the top 10 producers globally in terms of volume. It's arguably the highest quality major miner in the world with all mines being open pit and highly mechanized which means that its current extraction of gold is at a cost price of around 600 us dollars. This is of course a great competitive advantage and I suppose no secret that I'm a fan of gold in this environment and one of the few people that believe that potentially an inflation surprise may be around the corner for the US and the globe."
