Stonk Research

3.7 SBSW

Decent valued gold company, above 10% dividend yield, in this bear market hoping for 12 to 13% yield, aiming for 15% before dumping money in rrsp, with tax free benefits, definitely a solid buy around august 20th, 2022.

Decision: Buy around $10, current price $10.17 (seems like a decent buy)

With the key investments in lithium companies and mines Keliber and 50% in nevada lithium project, sbsw is successfully pivotting to lithium, with evs expected to grow and lithium prices remaining high, I expect usage to grow with shortage, eventually prices will fall, but with the ban of gas vehicles, I think prices will stay the same or go higher.

Dividend output is 25% to 35% percent of income, hoping for 7% to 8% in dividends while the stock price appreciates due to lithium.

Hold target of 2 to 3 years sell in 2024.