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Just an observation, not a recommendation. Do your own research. Has appreciated 100x since it was SLW in the early 2000’s.
Insert $3000 Gold in their projected 2025 guidance of 600.000 -670,000 GEO. They accomplished 635,000 GEO for 2024.
No doubt WPM has utterly crushed nearly every silver miner over the last 20 years.
That being said, I have always maintained that during a major bull run, WPM should handily underperform traditional miners. As of yet, there is no indication that the miners have made back any ground vs WPM (see a weekly chart of SIL:WPM for example), so the jury is still out on my thesis. We’ll see I guess.
Some individual miners have shown at least solid basing action vs WPM. PAAS, for example has been outperforming WPM over the last year and builiding a base. It could yet be another year or two before we see a serious breakout for PAAS vs WPM, though.
I believe you are spot on Sir Nautilus. WPM has been a fantastic winner even more so then it’s royalty cousin Royal Gold. During this earlier phase where gold outperformed the miners the royalty companies have been clearly the best place to be. If indeed we are just seeing the beginning of the move into miners (I believe we are) the miners will outperform the royalty companies on a percentage basis going forward. There are plenty of gains to come for both, but this should be the miners turn to shine.