RE:BUY
Seems like the whole gold production complex - explorers, developers, miners, streamers, is in a very sweet spot for thoughtful portfolio investors to build in additional gold exposure at a discount right now. While through the last year the need for financial insurance against inflation, a broad market sell-off of profit-laden, nosebleed price-to-earnings ratio stocks has just continued up up up on the back of FED financial juicing, the breather and profit-taking in the gold sector after the hot run March-September 2020 has just made gold assets more attractive. And can anybody argue the probability of non-transitory inflationary forces has not risen over the last year? You wouldn
't know it from looking at PM and metals prices, but to me thats because commercials and governments like the Chinese government have tried every trick they can to try and knock back metals price rises. Guess what? New clean energy infrastructure requires tons of both inductrial and precious metals, the world population continues to rise, there has been a flood of financial assest but lack of investment in supply, new mines, and depletion of existing tonnage and grades for production has kept the supply side far behind future consumption needs. The desire for hard assets will only grow. Commodity production is going to be very profitable.
TUO has a gem property in Treaty Creek. Its got a solid partner and experienced management in Tudor, along with a great geology team including the real 'Three amigoes" - KK, Big Ed and Dino.
What we need is a nice whacking porphry somewhere - Perfect Storm, Orpiment, whereever, Del Norte, somewhere in the TUO portfolio ... with some rich copper, zinc, moli prospects to add to the mix. Its coming ... or at least its a reasonable throw in bet when Goldstorm and Copper Belle alone could justify the current market cap and some - the "throw in" assets at these prices at TUO are muy bueno amigoes.
Do your own DD, I'm too bullish to see straight these days. I have high expectations on how this position will pay down the road. Timing? Beats me. Accumulate and hold.
cg