Pickering Angels

junior gold miners in the final stages of development

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msog87

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Dec 11, 2011
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research these companies I don't want to rant, the gold sector is breaking out so you need to act pretty quick to catch the depressed valuations:

victoria gold: have a resource of about 2 million oz in the probable category, and 4 million in the indicated category in the yukon. currently in the mine permitting process to allow contruction to begin.

andina minerals: have 6 million ounces in the proven category, plus 4 million in the measured/indicated category. resource is in chile one of the best countries for mining in the world. feasability study to be completed then permits received to begin construction, estimated production 250k a year this will make them a mid cap company net present value @ 1700 gold price is 1.8 billion...current market cap is only 50 million.

lydian resources: high quality 3 million oz+ deposit in armenia, has a much higher valuation vs its peers bc the doposit will be much cheaper to mine, high likelihood it is bought out by another company. every analyst ive seen has raved about this company unlike the other gold stocks it has performed well the past year.
 
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richardstroker

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I like the look of Vic, and Andina , not sure about mining in Armenia though.
The techs look great on them though.
 
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Omorashi

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Let me guess... you have shares in these companies and want their values to go up quickly?
 
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msog87

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richardstroker said:
I like the look of Vic, and Andina , not sure about mining in Armenia though.
The techs look great on them though.
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victoria gold is a winner, they have most of the financing down just waiting on the permits to begin construction. andina looks ok but there is financing risk I think their deposit might be trickier to mine. look up exeter resources, we are talking a 20 million quality deposit, problem is the gold is gonna be very expensive to mine bc the deposit is on a mountain. so having abunch of gold isnt everything, it needs to be not expensive to mine and you need infrastructure in place to lower costs etc. that being said lydia is a quality company bc the gold will be cheap to mine, infrastructure is in place, and they have financial backing by the world bank, and the govt is very supportive. the only risk to me in victoria and lydia is if the gold price tanks....aint gonna happen. I am buying both of these companies I expect big gains. in the end, all gold miners are gonna rise regardless of deposits, bc once gold is 3k an ounce, there wont be a mine in the world that is too expensive to develop, as demand begins to outpace supply major gold companies are gonna be desperate for new supply
 
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msog87

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Dec 11, 2011
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dunkula said:
scorpio mining is up about 150% in last couple of months
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its chart is very bullish as well, itll rally more but its a small producer so not crazy upside however Im not too sure what their future production will be itll be well under a million oz though
 
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msog87

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richardstroker said:
wildcat silver would be one to watch too... up today 10% should double in the next little while.
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wildcat's chart hasnt even hit the golden cross yet...lots more gains to come. if it goes into production you will make 20x your money buying in now like I said earlier as they will be a 15 mil oz producer a year
 
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blackrock13

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Anyone who takes MSOG advice to heart might want to review this thread as well;

Question about buying silver

Anyone who puts half his holdings in one industry or resource and says he knows all there is to know, post #11 and #25, should be held up to further scrutiny on a number of levels.

Does anyone remember some clown swearing some penny stock loser bank was a sure bet a year or so back?

Careful folks.
 
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hungry

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Is Lydian Resources the same as Lydian International, LYD on the TSX?
 
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msog87

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Dec 11, 2011
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blackrock13 said:
Anyone who takes MSOG advice to heart might want to review this thread as well;

Question about buying silver

Anyone who puts half his holdings in one industry or resource and says he knows all there is to know, post #11 and #25, should be held up to further scrutiny on a number of levels.

Does anyone remember some clown swearing some penny stock loser bank was a sure bet a year or so back?

Careful folks.
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yeah, turn to a thread full of bogus advice by clueless people, however reading my posts will provide useful knowledge. Big sleazy also is knowledgeable. blackrock, do you own any precious metals? thought so. You should be banned from the business forum since you are not only a socialist, but you give bad investment advice. why don`t you post a bear case for precious metals, and ill tear it apart. not only that, you are clueless on what makes a good mining company. its like me giving advice to a rocket scientist. stick to what you know. those who say its a bad idea to invest a large portion of your net worth in the PM sector are bearish on precious metals. Eric sprott, one of the top hedge fund managers in canada for example who owns sprott inc has the majority of his money in PM"s, if you believe the conventional wisdom peddled by the mainstream you will do poorly. a "well diversified" portfolio during the past 10 years has basically gone nowhere, factor in inflation you are down money. the choice is yours folks.the winning strategy is to pick the best sector(s) and diversify by buying a variety of companies. thats diversification
 
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msog87

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Dec 11, 2011
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now, that being said that doesnt mean you put the majority of your money in junior mining companies if you are bullish on PM's, the majority I put into more senior companies like a goldcorp or first majestic silver. you buy a few quality juniors, and put a few percent of your portfolio in each.
 
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blackrock13

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Jun 6, 2009
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msog87 said:
yeah, turn to a thread full of bogus advice by clueless people. blackrock, do you own any precious metals? thought so. You should be banned from the business forum since you are not only a socialist, but you give bad investment advice.
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I didn't comment on other members advise in that thread, just your comments. Get it straight.

As to whether I have gold investments. You're wrong again. In 1990, when you were probably in public school, I bought $5000 in 1 oz gold bar to hold when it was ~$350 and still have them. In recent years I have purchased similar amounts of gold nuggets directly from miners at a very good price for every one involved during my work in the Yukon and Alaska, when gold was about $750. I have the connections and profile there to do that. I doubt I'll be buying more at the present price range. Even worked at a hydraulic operations and done some panning there and in Otaga, then in Witwatersrand South Africa and WA, As far as stocks, I hold some on the companies that service the various mining industries, not the mining companies themselves.

Again you err on my being socialist, as I've told you before more than once, I'm a centrist and my election voting history shows it clearly, but you're idiocy keeps you from remembering it.

Other members can decide for themselves if they should take you advice. I'm just givig them more ammunition to decide.
 
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danibbler

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Feb 2, 2002
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msog87 said:
the winning strategy is to pick the best sector(s) and diversify by buying a variety of companies. thats diversification
Click to expand...
That's not diversification. For instance, I picked the energy sector over two years ago to put money in...big, well-capped companies with dividends...down by a lot. But, add in a good investment in tech and my overall portfolio is up by a huge amount. I also put in money into XIC about two years ago...despite the hammering in the energy sector, it's up about 20% now not to mention quarterly distributions.
 
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dunkula

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Nov 13, 2004
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msog87 said:
yeah, turn to a thread full of bogus advice by clueless people, however reading my posts will provide useful knowledge. Big sleazy also is knowledgeable. blackrock, do you own any precious metals? thought so. You should be banned from the business forum since you are not only a socialist, but you give bad investment advice. why don't you post a bear case for precious metals, and ill tear it apart. not only that, you are clueless on what makes a good mining company. its like me giving advice to a rocket scientist. stick to what you know. those who say its a bad idea to invest a large portion of your net worth in the PM sector are bearish on precious metals. Eric sprott, one of the top hedge fund managers in canada for example who owns sprott inc has the majority of his money in PM"s, if you believe the conventional wisdom peddled by the mainstream you will do poorly. a "well diversified" portfolio during the past 10 years has basically gone nowhere, factor in inflation you are down money. the choice is yours folks.the winning strategy is to pick the best sector(s) and diversify by buying a variety of companies. thats diversification
Click to expand...


Investors who bought Sprott Inc ( SII ) @ IPO price of $10 are down more than 50%. Their mutual funds and hedge funds with big exposure to junior silver & gold stocks haven't done much better since the 2008 financial crisis. They really got killed with their big position in Timminco. SII might be a good buy for someone with long time horizon ( 5 + years )
 
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