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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.
@HandleshmandleRupert Resources CEO Brian Hinchcliffe (cofounder of Kirkland Lake Gold) discusses his own company on BNN Commodities during PDAC, but also mentions Aurion's "enormous potential find" in another property in the same area in Finland. $AU RUP.V
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@LucTenHaveWill we see the share price of Aurion north of 2.00 soon?
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@LucTenHaveI didnt even notice that it was already north of 2.00 today
@statesideSpeaking of $GTT - two of the better sampled projects with no drilling yet is $GTT and $AU - Both have around 60 million shares outstanding. $AU over $2. $GTT $.31 and falling. I'd say specs much prefer $AU at this point.
@MiningBookGuy@Vaughan - i'm just saying IF $AU hits, it's set up the best already for a possible stock split like @dirkdiggler is saying. the elements are there...i'm not saying it's a good buy at these levels. i can't think of anything else right now that COULD multi-bag even further from just a few drill holes
@MiningBookGuy@Vaughan - the thing is, i'm not even necessarily looking for those plays. i want monster deposits, not necessarily 'binary' outcomes. but $AU is turning into the ultimate binary outcome right now, IMO
@dzntz@MiningBookGuy can you elaborate on binary outcomes as it relates to @AU please. I want to see if I follow...
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@MiningBookGuyeven though $AU has all this other interesting stuff, the market will be disappointed unless they hit a grand slam, so much is priced in now. that's how i feel. they could actually have decent results on Risti and get a new JV, and the stock price could come down. BUT, maybe they get lucky and these 'expectations' are fulfilled. something to think about...the professional hype around $AU is much bigger than $NRN last year
@MiningBookGuythough actually, anyone at #PDAC here much $AU buzz? it seems like it could have been a main highlight, but very few people have commented on it recently. just wondering since it's a topic
@MiningBookGuyok, since we're talking about it, i'll admit i've sold most of my $AU shares...and actually put most of those profits into $MOD.AX. i think it's fascinating to compare these types of plays, knowing that $MOD.AX actually has a really nice, economic deposit, and i think it has 'grand slam' potential in the #copper space rather than #gold ...just not from a few drill holes the same way as $AU. and the share structure sucks (it's Aussie, so that's expected!)
@MiningBookGuypoint being: i don't think there's that many true #DistrictPlays out there. but it says a lot to have $AU be a standout WITHOUT any drill results on the property that everyone is going ga-ga over. I would rather buy something with the huge potential, but they 'already have something' more tangible...if they're worth 100M+ market cap.
that's another thing to think about. i will not sell all my $AU shares though, just in case this pans out and the 'pros' are right.
@BruceWayneAgreed, unfortunately these types of deposits arent the greatest for returning consistent drill results. The old saying, "drill for structure, drift for grade". Next steps might not be easy for $AU. Trenching works, but extremely hard to remove sample bias when visible gold is around
@JamesKwantesHi guys, just seeing the $AU discussion -- at PDAC Mickey Fulp focused on Aurion during his (entertaining) presentation at the newsletter writer presentations - and $AU backer and major shareholder Dave Lotan was standing at the back of the room. With a smile on his face
@MiningBookGuy@lukejackson - i disagree $ERD$AU "two very different tales". $ERD is NOT being valued as a development play. people are thinking 'grand slam' #exploration potential, like @2pac. it's worth discussing the differences further...they aren't that different.
btw, there's a lot of ~100M market cap companies like $AU$ERD at varying degrees of advancement right now. but the one similar thing across the board is that people are looking for that grand-slam exploration potential. i'm trying to get at the different risk/reward aspects of all of these.
but keep your movie/popcorn hat on! discussion for another time (unless someone else chimes in)
@LucTenHaveI recently talked to Gungnir. Interesting conversation and I am following the staking activity in Sweden now as well. Didn't see the Aurion application yet - that's interesting to know. I don't really like the way Gungnir reports this by comparing market cap. They should leave that to the promotors :).. But interesting anyway $GUG$AU
@Nick@poor-white-trash Tanzania is fairly good, safer than many other places in Africa. Biggest concern recently was the ban on gold/copper ore exports by the government in a push to get mining companies to process ore / value-add in-country. $ACA.L Acacia was one of the only companies affected though, most companies/gold producers like Anglogold do refine in country. All sentiment related really, don't see this impacting $MSR.AX