[miningmx.com] – ASSET management company Re:CM said mining shares were offering good value following a period of cost cutting and R25bn in asset write-downs.
Piet Viljoen, Re:CM chairman, told BDLive: “This is almost a generational opportunity”, adding that the gap between the share prices of diversified mining companies and platinum producers was below their intrinsic value, giving investors a “satisfactory margin of safety”.
“These facts are no guarantee of investment success, but at least they put the odds in our favour.
“If things continue to go badly, despite new management’s best efforts, we won’t lose a lot of money on these investments,” he said.
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