RE:RE:RE:REALITY CHECK:Well Mack, if memory serves me correctly those were interesting times back in 2005 when SPA produced the most linear graph I have ever seen over a three year period, doing 800%. That's when Ian Watson made a significant investment in SPA and Jim Slater(buddies?) wrote an article on SPA in the "Investor Chronicle" which was Europe's(Ian's old stopping grounds?) largest financial weekly. Anyways you are correct that SPA may have one of the best
AISC in the industry, there is only a few companies that are in the $600.00 range. It all looks good from a dimensional view, but my concern is 10 plus years out which is 0.43 g/t. From my experiences, investors get skittish when
LOM gets close to 10 years, therefore mining 0.43 g/t becomes high risk. I also remember something about SPA boasting a 6 or 7 million oz. discovery then changed their cutoff grade to only have less than three million oz. in the 101 category, well, the stock turned south after that announcement, so your thoughts about grade vs oz is brilliant. It's Ironic that you mentioned comparisons to other companies in
SPA's category because that's what I felt was missing years ago. Back then I only came across a few charts with comparisons but not in
SPA's category. I guess now you would find
SPA's metrics's in the top zone but yet they would be in the bottom zone for market cap. It appears that marketing is an issue as it was in the past. I had a brief look at
VIT'S website and the info seems extensive so will need a lot more time to look through their profile. One of my earlier projects and still waiting
LOL. is
Seabridge Gold(SA & SEA). It's one of the largest undeveloped mines in the world. It has MI 101 of 61 million oz. of Gold, 14 billion lb of Copper, 265 million oz. of Silver and 313 million lb of
Moly. In the inferred category it has 53 million oz. of Gold, 28 billion lb of copper, 311 million oz. of silver and 186 million lb of
Moly. Their Reserves which are included in the above are 38 million oz of Gold and 10 billion lb of Copper. Please note that mineral reserves, not resources have demonstrated economic viability. Although low grade they have been drilling deeper(1000m+) and have found higher grade gold and copper to improve the metrics. They are still looking for the source that spread all of this
mineralization over a vast area, but
Pretium(their neighbour) did a few years ago.
Seabridge might fit your category, one hole in their latest drill program was 858m of 0.86 g/t Gold and 0.51% Copper. It's all about consistency of the material, you just close your eyes and hammer it through the mill vs high grade veins that are multi directional.
Seabridge has the highest oz. of Gold in the ground per share in the industry. They dilute each year by raising capital but maintain or increase the ratio of Gold per share. In some of my recent calls to Rudy
Fronk(CEO), the Secretary told me in was in China. Over the years this project has become too big for a single takeover which makes it more complicated. Also
Seabridge has the largest short position in the PM industry at about 22%. If a consortium makes a bid, I think you will be pleasantly surprised with the out come. I like buying stocks that are in the dumpster so my latest project is
UEX. Now, I may be a couple of years early for a Uranium stock but what attracted me, was a revisit to a drill program next door to the West Bear Uranium Deposit in 2002. The results were 4% Cobalt and 2.5% Nickel over 4m, 2% Cobalt and 1 % Nickel over 8M, 10% Cobalt and 3% Nickel over 0.2M. I guess back then Electric Cars was not an option
LOL. Cobalt is on fire right now and apparently 0.5% Cobalt is considered high grade. I have other projects but still accumulating on the dips.
PS Tomorrow should be very volatile FOMC meet. I'm going to stick my neck out and predict that Gold will plunge and then go up a minimum of $20.00 from its intra day low.
Hope you enjoyed the first day of spring.