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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@MiningBookGuy@Quantum - thanks for the kind words and recommending ~AUfrica to others!
@fbx258 - thank you as well! and glad to see your interest in $SWA$TGZ$PRU$PRU.AX. I think $TGZ pulled away from $PRU over the last 12 months. But the next 12 months should be key to see if $PRU gets back on track, or if $TGZ really takes advantage of being in a 'stronger' position (which they are from a cash and production asset perspective). Many similarities in terms of what these 2 companies are trying to accomplish.
@MiningBookGuy@LucTenHave - I think you meant $EXK$EDR for 'Endeavour Silver', NOT $EDV for 'Endeavour Mining'.
Just wanted to clarify for those following your interesting posts relating $XAG$MIO.L$EXK$EVR, so that people aren't confused. These companies don't help themselves with easy-to-confuse names and tickers!
@MiningBookGuy@Allan - Agree on new discoveries needed. But it doesn't need to be in North America. A #discovery along the lines of Fruta del Norte in #Ecuador last decade would be just fine. Many emerging jurisdictions around the world, likely with the highest chances for 'big' discoveries in the next few years.
@MiningBookGuy@Allan - so you're saying because you 'lived' #BreX that you are 'more qualified' to judge where the next 'big' discoveries are going to take place?
I don't buy that reasoning. Honestly, I think savvy CEO.CA users that are just now starting to following the mining industry can very quickly get a leg-up on 'veterans' with decades of experience. I mean this specifically for speculators, not junior CEOs/professionals.
@MiningBookGuy@Allan - you imply i said the following: "What makes you believe the inexperienced can out do the experienced?"
I never said this. The special thing about CEO.CA is that it allows 'accelerated experience'. And that's just an extension of the internet. We can all learn a lot much more quickly. But we still need the experience.
We do NOT need 25 years in the mining industry to become competent speculators. That's one of the things I'm trying to say.
@Goldfinger@MiningBookGuy@Allan The game has changed a bit in the last decade as technology has given the common investor access to information that wasn't readily available back in the Bre-X days. Experience is valuable but sometimes 'old guys' can be stuck in their ways and be operating with a 'faulty operating system' - experience in itself isn't an edge, experience with a constant yearning to learn and grow and be open to new possibilities IS an edge.
@Highheat@MiningBookGuy I will say that many of the tough lessons that I have learned were because I wasn't mentored. I think the education that @NextBigRush and yourself and other young people are providing is a very very good thing. I know I have had to humble myself and realize that there are many things that I can learn about investing from the youth on this site.
@MiningBookGuy@Highheat RE: https://ceo.ca/index?ed997a0b2106 - this is a good comment too! i know that i've developed 'subconscious filters' constantly looking for information on the internet. I don't necessarily think a 'tight focus' is needed.
But knowing where you're 'wasting time' vs 'digging for nuggets', and then knowing when you come across something really valuable and that you should 'double-down' on more information like that...that's how i think about using the internet to my advantage.
@JamesKwantesSome talk about #Tanzania lately, esp. in @MiningBookGuy's excellent $aufrica. Another with strange insider activity is Jim Sinclair's Tanzanian Royalty Exploration Corp. $TNX. Director William Harvey buying tiny amounts and then selling the next day (at a loss) SEDI:TNX
@MiningBookGuy@BenjaminCox - oh, i've got to take care of something for ~10-15 minutes... your risk/reward promotion topic sounded good! you can elaborate on that and i'll get back to you for sure.
but really, anything 'juniors' related is good to me :)
@MiningBookGuy@BenjaminCox - oh of course. but i think the 'zinc momentum' makes for a more interesting story this minute. you can definitely apply to both zinc and gold. but zinc is 'hot', and this is the type of talk that furthers great commentary/analysis from @ocotilloredux & others in ~zinc
@MiningBookGuy@BenjaminCox - so i may have missed something. but if you say "same stuff happens" with gold going to $1500 per ounce USD, you mean that a lot of projects come out of the woodwork that are ONLY economic as we get to that price level, correct? and that many could be smaller, higher-grade, and even close to production?
@MiningBookGuy@benjaminCox - ok, so you're trying to figure out what components are most influential for improving these 'marginal' projects. and some of the 'logarithmic' costs are key to understanding why seemingly 'ok' smaller, high-grade projects might still be a bad idea, compared to larger ones that costs can more easily be contained/reduced?
did i make a mistake in any of that?
@MiningBookGuy@BenjaminCox - i'll be back later. i'll add that i have very little interest in smaller, marginal gold projects (optionality). I also have little interest in VERY marginal large gold projects. but i am interested in 'somewhat marginal, larger gold' projects.
this has been discussed on other parts of ceo.ca. the primary way i see the 'somewhat marginal, larger gold' projects improving economics is by finding higher-grade, satellite deposits, and incorporating those into a new study.
but IF you're implying that there are clear ways to reduce capex that might actually apply MORE to these types of projects than the smaller ones, that's a very interesting specific point to me.
@MiningBookGuy@zartceps@FundamentalAnalysis - yes, i did think about a #podcast. but not something i think i want do on my own...
with that said, i really enjoy the skype sessions with @TheNextBigRush and @JayFire on #TheNextBigRush youtube channel! This is pretty close to a podcast. I would always be up for stuff like this with Fabi and Jay (if this ever turns into a 'real' podcast), or others that want to have similar conversations. The chatting/listening part is a lot of fun! :)
@fbx258@miningBookGuy I picked up some more TGZ.ax today on ASX, issue i have is the with $TGZ.ax is they are alittle slow under their management. My favourite is $RSG.ax lead by Jon Welborn. Check out RSG.ax took a 5% stake in $OKU.ax near $HUM.L Yanfolia project.