RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Updated Feasibility Study and Gold Price AssumptionsYep. I'd add....You have to have a thesis on gold as well. As we're seeing now a sinking tide lowers all ships. I've been too early in my buys but I scale into positions over time. I should have waited until after the FED jacks rates in this next time...that should dump us into recession for sure...won't be too long until they're forced to back off and start printing again. I tend to be a little impulsive and not as patient as I should be.
I've shorted the rips many times so that's kept me close to even on the year overall
I won't buy explorers...there has to be a clear path towards production
Grade is king
Location is key
Management is key
Insider ownership is key
Open pit over underground
Multiple mines over a single mine but MOZ is an exception
I try to answer "what could go wrong" before I ask what could go right...Doesn't seem to be much that can go wrong now with MOZ or Artemis and both tick those boxes. Agnico Eagle is the only major I own as they pay a good dividend, buy back stock and do have a decent pipline of projects. I-80 ticks all the boxes. Skeena ticks most of the boxes and the stock has become cheap vs NPV
Oh, I trade portions of my positions too...I'm not interested in hitting grand slams. If we get a good move I'll slowly scale out of the position leaving a smaller stake in case it's a big sustainable move higher. At the first sign of trouble I'll dump it all and never look back too....I rent these names and never fall in love with them