OTCQX:NGLD - Post by User
Post by
SuneeDazeon Nov 24, 2019 11:27am
110 Views
Post# 30386977
Looking Forward
Looking ForwardPatience is not often associated when investing in junior explorecos.(as evident by some posting here that are boasting some bizarre sense of victory at the recent sp pullback). However, with under 45 million shares o/s, BARI investors can be patient as the program unfolds, and exploration and delineation of BOLO zones continues.
Previously unknown, deeper high grade gold mineralization over considerable widths has been intersected. As awareness of this discovery and success grows, so too will anticipation, speculation and price appreciation.
Again, they hit high grades over significant widths in a newly discovered zone, drilling deeper than previous operators on the property...and they will continue to further delineate zones once they begin the next phase of work at Bolo. Speculative markets are tough now, and Bari (in my opinion) is one of the better plays. They're simply not twinning holes on a reworked property, but have made a siignificant discovery with higher grades over thicker intervals than previously reported.
Like I said, I'm willing to be patient and let "the dust settle" here before they begin once again. This approach has done me well in the past...investing in promising juniors with low floats. As an example I bought RGLD (23 mil shares o/s last fall at 0.11). It drifted down to 0.055 before beginning a long steady climb to 0.60+ this summer. I still hold some as it has 27 mil shares now and is perfroming grassroots work on its property contiguous to GBR's Dixie. With BARI, I've done something I haven't in a while, and that is average down...simply because of the promise the property holds and again its low float. If either of these cos. had over 100 mil shares, there's no way I'd have this patience...
At any rate....In the meantime, BARI is compiling and analyzing results in preparation for the follow up round of drilling/exploration....exploration that investors should be excited about. Take care.