RE:POET , here a little read for on OSThanks! I'm in for a small speculative position and will add more if they succeed with their trenching/drilling at Caribou, their next primary focus. I talked with their President, Cooper, their strategy is to primarily expand the envelope of inferred ounces rather than to infill and upgrade their inferred resource. Because the geology is so similar to Atlantic, I think they believe that if they can show promising inferred envelopes at Cariboo, Goldenville, and Mitchell, either it ill be easier to raise capital to do the infill or they will be ripe for acquition by a company with solid cash flow....huh, who could that be?
Other things I like about the company are
1) Their market cap got crushed last fall when they had to retract info in an article they paid for, hurting their image. While the article was best case hype and ahead of actual results, the basic story holds and I think the mc can recover with slow steady drill results. I see this kind of bad news as eminently recoverable, unlike the bad news that came out of Rubicon, TMAC, and Pretium where it takes a long time to re-establish trust.
2) I have small speculative positions in other explores such as MOZ and Bonterra, and they're all down about 20%, clearly outan of favor sector. If the tide changes and gold stocks catch a bid the next 6 months, this should also help raise the OS boat as well.
3) With at 2.4m mc, it's easy to imagine OS as a 4 to 10 bagger with a combination of good drill results and a change in sentiment for gold explorers sometime this year.
Meanwhile, my big bets are on Atlantic and Superior (SGI), new producers with great cash flows and huge growth pofiles. Wish you would take a serious look at Superior and let me know what you think, their bb is dead (which I actually like in that people are not onto this one yet)...but the next couple of months could usher in a significant re-rating, kind of blows my mind that this one seems to be under the radar, makes me think I'm missing something.
Best,
Poet