RE:RE:Trading at 1/7th the value of in place infrastructure....Well I still adore SKE and bought quite a few shares prior to the feasibility study. It's an exceptional project with a takeover bullseye on its back. If you can hold a core position for 2 years or so it should be double or triple today's price
I like ARTG still and am still holding. I wouldn't add but I'm happy to hold for the next year or so
And now I'm all fired up on TLG for all the reasons I listed. Sharestructure isn't too bad but no doubt there's going to be some dilution for financing and that's never wanted especially at such a low share price. I accept that because of what we get in return. A massive project with a massive amount of infrastructure in place. Low grade but easy to mine with a low strip ratio. Copper and silver credits which could be streamed. Long mine life with pockets of thick high grade. Not in Africa or S America. 10% ownership by insiders/management which isn't bad. Even if the share count were double at 1x NPV of $1 BILLION it's a $2 stock and that's a lot of upside.
I don't like any other names. Alamos I would own if I could buy it at $8 again but that seems unlikely. Don't care for any of the majors as they constantly disappoint for one reason or the other...wouldn't touch any exploration plays not even NFG or Snowline unless they crashed
I don't like gold miners at all....it's the worst business it's possible to have except when it isn't and they're on fire. I want a small basket of the names that can move the most with the least amount of risk.
TLG SKE and ARTG are all progressing towards production.....they either have or will have the financing...they have lots of ounces....very low AISC....simple open pit projects....I don't do underground....These are my 3....all are working for me...I'll ride them until it makes sense to get out and one by one I'll bid them ado until the next gold bear market creates bargains like this again