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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.
@Kassattack@DrunkenSpeculator I made good money on Canplats through PVE during the last good gold run so I couldn't resist I got in today around $1.60 $cor. Hoping they can hustle these assays up and I can shuffle some more coin towards $au
@EmpireWhat I am excited about the most here is the exploration upside in the Ivory Coast. The market loves the "idea" of a large deposit more than they love the actual deposit. Look at $AU, over double the mkt cap of $ORG off of some chip samples. $ORG is sitting on over a millin oz's in Sudan and the market shrugs it off like they don't care. $ORG needs some hype in regards to Ivory Coast and that is where the big future gains could be made.
@Excelsior@MiningBookGuy Yes. Absolutely. Many Canadian investors have turned a blind eye to the #Yukon for years due to it's lack of infrastructure (but that has been imporving). Only in the last year with the $KAM takeover by $G did people really start following the area again. (with the exception of our buddy @JamesKwantes, who does a kick-ass job of covering the #Yukon).
Suddenly after that Kaminak deal, then Kitco was covering the Yukon, and they were sponsoring videos and mining with Yukon days, etc... The Northern Miner has really kicked up their coverage as well. If $AXU$AXR had the grade they had from the Bermingham and Moth & Flame deposits, and were about to restart #Silver#Zinc#Lead#production in #Mexico, then Alexco would be trading waaay above where it is now. It hasn't gotten the respect it deserves for years (mostly due to nervous nellies on the $SLW stream, which has been resolved now). Investors don't pay up for the #Yukon.... (yet).
As for #Colombia, many still won't touch it, and the recent mining ban in El Salvador has spilled over into some communities in Columbia where they just blocked a major mine from $AU $ AngloGold Ashanti. This has had some investors on edge....
VILLAGERS VOTE TO BAN ‘LA COLOSA’ GOLD MINING PROJECT IN #COLOMBIA
27 March 2017 / Bram Ebus
"Residents of Cajamarca in central Colombia made a nearly unanimous decision in a popular vote on March 26 to block a massive gold mine, dubbed La Colosa, one of the largest in the world."
.....(the open-pit mine is a project of world’s third largest gold producer, AngloGold Ashanti.)
$CNL (prior to $NEM's investment recently was getting hammered due to this). $R has been getting hammered and if their mine and new production was in BC or Saskatchewan or Ontario, then the Canucks would have already bid it up 2-3 times where it is now as those areas get a premium.
@MiningBookGuy - I'm glad you brought up both jurisdictions for discussion and it is interesting. They remind me how #WestAfrica and #Brazil really still aren't getting the valuations of the "safe" jurisdictions of #Canada, the #US, and #Mexico. What is crazy is that in the case of the #Yukon is it's in Canada, but is like the red-headed step-child as far as the miners are concerned.
@MiningBookGuy@BruceWayne - i still own some $AU. But have to say it's really hard for me to recommend it to anyone who doesn't have a deep technical expertise. It really does feel pie-in-the-sky right now, knowing that there are so many other plays out there with a ~100M market cap or less with a TON of drill results.
Are you thinking it could still double or triple from here JUST on some spectacular drill results from Risti?
@BruceWayne@MiningBookGuy - That's exactly what I think. It's definitely not cheap right now, and everything hangs on those first drill results out of Risti. Making it extra risky, is that the deposit style they're targeting (lode gold) likely has very erratic grade distribution - could be 1 g/t or 100 g/t within metres of each other. They won't get a good sense of it until many holes have been drilled. The old "Drill for structure drift for grade" adage. That being said, I think they've got the goods, and the valuation is appropriate for their situation. $AU
@MiningBookGuy@BruceWayne - thanks for your opinion on $AU. I would never be able to buy new shares at these levels for $AU based on relative valuations with others. But I think I have to hold my remaining shares just in case 'the big score' pans out with Risti.
Takeover potential and $BTO connection are very interesting, but not the value drivers here IMO
@LucTenHaveWhat about White Gold $wgo? Similar mcap, similar stage, no discovery?
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@MiningBookGuybtw, I'm not sure if $AU low was 0.02 or 0.025 CAD in the last few years. But either way, it's very close to a 100-bagger at these levels.
Can anyone think of other TSXV 100-baggers in the last 10 years or so (I guess off the bottom in 2009)? I'm curious about this, and maybe $AU really has been the biggest winner (not including private placements, just from market buying) in this timeframe on the exchange. #HundredBaggers#TSXV
@MiningBookGuy@anonymous - thanks, I think $RUP low was 0.02 CAD? so not quite as impressive for total move. but I hadn't thought of that one, and of course it's interesting being a neighbor to $AU, also in #Finland.
@MiningBookGuy@lukejackson - i wasn't even paying attention to this $NVO conversation at first. But honestly, $NVO and $AU have a lot in common with "the street loves a story they don't fully understand". good comment.
@martinAurion $au will be doing more field reconnaissance at Risti soon if they have not already started. There is a lot of ground to be walked looking for more targets.
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@LucTenHaveSituation Central Lapland Greenstone Belt (CLGB) in May 2017. I think the CLGB is still very underexplored compared to other major greenstone belts in the world. With 300.000 hectares of ground, there is no way Aurion can explore all of its projects in this bull market cycle. If Risti turns out to be the company maker, there are many more projects to explore / JV. http://cdn.ceo.ca/1cil8mh-finland%20may%202017.png+ There are already 3 world class projects in this area (Kittila, Sakatti, Kevitsa) - will Risti be next?
@MiningBookGuy@evenprime - lol, $AU is the only thing keeping the current #stockpickingcontest leaders at the top. Any missteps from them and it's a whole new ball game! Though I do hope the motherlode is hiding beneath those 'gold boulders' 😛
@LucTenHave@Newton I have not been really active on reratestocks.com lately. Most companies I currently own or follow are pretty well known and reratestocks.com is more focussed on the more risky "under the radar" ones. I dont want people to think that I like all companies on www.reratestocks.com just as much. Aurion $AU and Globex $GMX are the quality ones. I bought Minco $MIO.L for their assets, not necessarily the management team. And Wolverine $WLV is probably the least popular one. It is cheap and management owns a lot of (cheap) shares. But they do have a skin in the game and I like their partner $AMZ. But Wolverine cannot be compared to the others. So maybe i have to divide my CEO.ca watchlist (different risk profiles / different development stages, or something like that)
@LucTenHave@Allan Most of my posts are here on CEO.ca. I am not sure whether I will continue www.reratestocks.com and if yes, how. I have a lot of respect for the way $au organized the company. Not just because they made a discovery. They are honest hard working people respecting shareholders. And I place them on a website in between (some) companies that are not so shareholder friendly - but are interesting because of their assets or for another reason. So I have to think about a way to deal with that.
@martinAurion $au has a total of $6.5M exploration planned for 2017. $3M of their own money is being spent on 4 properties: Risti/Aamurusko, Outa, Ruoppa, and Sila. Additionally, B2 Gold is spending $3.5M on Kutuvuoma which they started drilling last year. That's a lot of irons in the fire!
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@martinRisti, the flagship property which generated all the fireworks in February with the announcement of visible gold in boulders, is getting 2500m of drilling starting in August.
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@martinMike Basha is also referring to Risti by the name Aamurusko, the Finnish word for Aurora. I'm not sure, but it could be because he recently picked up two properties from Tertiary Minerals near Risti and this is the name for the combination. @luctenhave probably has this figured out.
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@martinIt seems like like a good entry point for Aurion $au may be near for people who didn't get in early. The financing in February was for $1.50 with no warrant. Aurion turned down a lot of additional money offered to them at the time so as not to dilute existing shareholders. I love the respect for the shareholder base and their confidence they will be able to raise at a higher price in the future, if they have to ever raise again.
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@martinAurion currently has close to $9M in cash and liquid assets. B2 Gold will also owe them about $1M, if memory serves, in August as part of their JV arrangement. $au
@statesideStateside Report Podcast - June 19, 2017: http;//www.statesidereport.com - In this episode of the Stateside Report Podcast we talk about the week in gold, silver, the base metals and the stocks, we talk crypto-currencies in a segment, then we talk about the week’s press releases including Genesis Metals $GIS, West Red Lake Gold $RLG, Aurcrest Gold $AGO, RJK Exploration $RJX, Torq Resources $TORQ, Adamera Minerals $ADZ, Leeta Gold $LTA, euro Sun Mining $ESM, Aurion Resources $AU, Knick Exploration $KNX, OK2 Minerals $OK, Newrange Gold $NRG, and Engold Mines $EGM. We talk gold, silver, lead, nickel zinc, copper, uranium, bitcoin, and ethereum.