One of the best ways to invest in mining stocks with the current market environment is to find companies with strong cash positions.
With all stocks on the TSX having to release Q2 financials before August 15th we have found some of the best cash rich mining stocks.
Companies on the TSX Venture have until the end of August to release Q2 financials.
Some of these mining companies are even trading at discount to cash value. That means investors get the assets of the company for free or even sometimes 60 or 70 cents on the dollar.
Here are some mining stocks we found that are trading at a market cap close to their cash position.
Ryan Gold – RYG.V
Ryan Gold decided due to market conditions after the 2013 exploration season in the Yukon to cease all exploration work and conserve cash. Currently the are looking to JV the Ida Oro project in the Yukon and are evaluating acquiring other assets.
June 30/2014 cash = $21,205,570
August 15/2014 share price $0.12 market cap = $14,060,000
Cash as a % of market cap = 150%