Risk v. Reward At three cents USD here's what we get:
A low float, 37,000,000 pre pp
Market Cap of $1.4 million CAD
PP will raise $831,000 with minimal dilution
Reasonable expectations of success at Beschefer Project
Closely held
Everyone has probably heard the saying: "A rising tide lifts all boats." If you believe a bull market in juniors is long overdue, this stock is a reasonable speculation in my opinion.
My philosophy: I purchase producing blue chip stocks like Barrick, etc.
... I purchase shares with proven reserves, what I'd simply call "good
speculations (Scottie, Tudor)
The last group of shares are low-priced shares with a chance of becoming a 5x or more "bagger." Included in this group is my very modest investment in Goldseek to add to that group. Others include SXTY, EGR and a few other "dogs."
Admittedly, I don't have the depth of knowledge that long-term holders have; sometimes, however, I've found ignorance to be profitable!
I'm not "touting" here; just pointing out some basic facts. Everyone should do their own due diligence.
Feel free to tell me what a fool I am but my "system" is holding its own and a bull market in gold -- I'm hoping -- will come sooner rather than later.