It has been quite some time since we have experienced a huge discovery. Junior mining investors are wondering what needs to be done to propel this anemic market? As the major indexes reach new all-time highs, the junior mining investors are generally seeing their investments plunge in value even with gold trading close to $1500/US per ounce. Since the gold price has been previously hovering around $1200/US per ounce for some period, many might be thinking that the move up in gold to $1500/US ounce was “a long time coming” and was possibly already priced into the share prices. Many junior mining investors including myself, were hoping that gains made from the cannabis sector would flow into the junior mining sector and bring in a new wave of investors. Unfortunately, as we are aware, the cannabis sector has been suffering recently. Seeing gold break its all time high and then trading over $2000/US per ounce might set the junior mining market on fire. As well, a major discovery might do it.
According to Mining Journal, “S&P Global Market Intelligence's annual Gold Discoveries report found that gold exploration budgets peaked in 2012, but remain at historically high levels. Explorers have allocated US$54.3 billion to gold exploration over the past decade, 60% higher than the $32.2 billion spent over the preceding 18 years. Despite the effort, just 215.5 million ounces has been discovered in 41 discoveries over the past decade, compared with 1.72 billion ounces in 222 discoveries in the preceding 18-year period. Over half of that amount is contained in just 10 discoveries, with Zhaojin Mining Industry Co's 16.4Moz Haiyu deposit in China the largest.Other deposits in the top 10 including Barrick Gold's Goldrush, White Rivers Exploration/Harmony Gold's JV, SolGold's Cascabel and Cardinal Gold's Namdini.”
https://www.mining-journal.com/research/news/1337480/gold-discovery-rates-continue-to-slide
It is a matter of time before a new discovery is made and the gold price reaches new highs. The questions remain as to which one will happen first and when? I am hoping, as are many others, for both to transpire simultaneously and sometime soon!
Happy Investing!
Dr. Kal Kotecha
To Join our FREE newsletter, please visit:
www.JuniorGoldReport.com
Disclaimer
© 2010 Junior Gold Report
Junior Gold Report Newsletter and website: Junior Gold Report Newsletter and website is published as a copyright publication of Junior Gold Report JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein (newsletter and website). Any statements expressed are subject to change without notice. It may contain errors and you should not make any investment decisions based on what you have read on here. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. By accessing the site, receiving this email and reading this article, you accept and agree to be bound by and comply with the terms and conditions as set out herein. If you do not accept and agree to the terms you should not use the Junior Gold Report site or accept this email/article. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in the featured companies, as well as sponsored companies which compensate JGR as such our opinions are biased. We may hold options in and trade these stocks of the companies we profile and as such our opinions are biased. JGR and its’ owner and affiliates/associates may buy/sell and trade the featured companies from time to time. JGR has been paid by the company featured. Thus, multiple conflicts of interest exist. Therefore, information provided here within should not be construed as a financial analysis but rather as an advertisement. Conduct your own due diligence: The author’s views and opinions regarding the companies featured in report(s) are his/her own views and are based on information that he/she has researched independently and has received, which the author assumes to be reliable. You should never base any buying/selling/trading decisions off of our emails, newsletter, website, videos or any of our published materials. JGR aims to provide information and often stock ideas but are by no means recommendations. The ideas and companies featured are highly speculative and you could lose your entire investment – consult a licensed financial advisor if you are considering investing in any of the featured companies. Subscribers/readers are encouraged to conduct their own research and due diligence. The companies mentioned are high risk and considered penny stocks that contain a high risk of volatility, therefore consult your investment advisor and do your own due diligence before purchasing. Never base any investment decision on information contained from our emails, newsletter, website, videos or any of our published materials. No Offer to Sell Securities: JGR is not a registered broker dealer, investment advisor, financial analyst, stock picker, investment banker or other investment professional. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Information contained herein was extracted from public filings, profiled company websites, and other publicly available sources deemed reliable. Information in this report was taken on or before writing and dissemination and may not be updated. Do you own due diligence as information and events can and do change. Published reports may reference company websites or link to company websites and we disclaim and responsibility for the content and accuracy of any such information or website. Release of Liability: By reading the newsletter/website and/or watching videos by JGR, and/or reading this article you agree to hold JGR, its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.
Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by the use of certain terminology, including "will", "believes", "may", "expects", "should", "seeks", "anticipates", "has potential to", or "intends' or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company's business model; future operations, products and services; the impact of regulatory initiatives on the Company's operations; the size of and opportunities related to the market for the Company's products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for the accuracy of forward looking statements and advises the reader to perform their own due diligence on forward looking numbers or statements. Some statements may be based on personal opinions. Again do your own due diligence.