Reassessing B2Gold (TSX:BTO) Valuation After Recent Share Price Volatility

B2Gold down 32% in a month while gold sits near all-time highs. This is mining stock volatility 101. Miners amplify both directions but physical metal just keeps climbing. The market's pricing in operational risks, geopolitical concerns, or just profit-taking from earlier gains. Meanwhile, central banks keep buying hand over fist and COMEX inventories stay tight. Mining stocks are paper. Physical is forever. When gold was $300 in 2001, plenty of miners went bust. The metal survived. Stack the real thing and let the paper chasers deal with earnings reports and quarterly volatility.