Hot Rocks
Molten Lava
No wonder we all are addicted to the Micro Explorers
You want to make money in this sector…?
You got to have a little luck
never even heard of this one …Sir Marty at the Chartology Forum brought it.
…………………………..
This is starting to feel like 1993 thru 1996 …That period when anything with a good drill result was a 10 to 100 bagger.
The Price of gold went absolutely NOWHERE ( hovered around $400 to $450 an ounce )….
But suddenly a few obscure miners started to report good gold grades and the hot money started to notice.
Here we are 25 years later and $1200 to $1300 Gold…going NOWHERE.
But every week there is one of these things…there will be more and more …But there are Many hundred of these obscure rocks and you need to pick 20 or 40 and hang on …you need patience…a couple years of patience in some cases…
Its exactly like Popcorn….one pops …then another…then 2 more and pretty soon they are all popping
But if you leave the microwave on a minute too long they all burnout…poof
Which ones are gonna pop ?
You need a good analyst who intimately knows most of these explorers and personally has relationships with their management….and who is and has been involved with their financing for 30 years.
Oh and one more quality…Unemotional ( Vulcan Like)
Thanks Fully for the history regarding the minors action during that period. Interesting.
Right… the popcorn is popping. Slowly still but picking up. That is what Novo can do for this sector.
It’s like bitcoin.. it really gets going and you get lots of smaller players come it and start popping too.
Same thing happened in Holland with tulips a bit while ago
Does anybody have an idea of what the so called optionality stocks will do in such an environment,since they go up mainly due to an higher gold price?
If you choose the optionality plays with a tight share structure, enough cash to last through 2018, and huge deposits which are in the finance stage and in a mining friendly jurisdiction, you should do very well if you have the patience. Mine are WRN & BCM which I have been holding since Feb 2016.
Thankx a lot Olyeller,
I own Triumph Bear Creek Sandspring and Orezone .
Nice! I am in Triumph as well. Did well with the other 2 you mentioned last year but Orezone share structure is a little blown now. Good luck!