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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.
@tcuYep! I bought some! What a steal. This could be a beast
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@0Kib@Newton These levels are pricing in a 2mn Oz Au resource and nothing from the value of the Teck alliance. BK is likely to be a 5-7m oz property atleast. In a couple of years or sooner, $ERD should trade north of $5 levels IMO. I think these are great levels to buy. #Gold
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@0KibNot to forget the new vote of confidence from a highly regarded NLW duo.
@tcucould also break out of this slight downward trend we have developed in the last month, break to the upside and continuation of previous trend looks probable
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@0KibBKD-120 was a blank and BKD-122 is the only hole in its area with some economic mineralization. That means strike length is probably going to be limited to 1-1.2Km from part of GoldHill zone upto where BKD-120 area is.
@JamesKwantesOn the 5-million share cross you mentioned recently @0Kib looks like it was Sandstorm's position. $SSL listed as a 3.5% shareholder in the May 5 deck but not at all in the latest corp presentation (inst. shareholding went up). The shares were subject to an 18-mo hold but presumably the company can waive those terms, if they want to place a large amount of stock in strong hands. Win-win, and a big win for Sandstorm who got 'em at 20 cents $ERD
@JamesKwantesPolyus an example of the type of company that you could see taking out $ERD's Bayan Khundii in Mongolia though, very strong focus in that neighbourhood. Can't post link but it's slide 6 of 61 on the May deck. Mongolia is directly below (where it says "Russian Federation" on the micromap) http://polyus.com/en/
@MiningBookGuy@JamesKwantes - well "being in a country" doesn't necessarily mean it's a good relationship ;)
I'm sure you could get thoughts from Koreans and Japanese on that matter! I think #Mongolia is in a very interesting spot, and it's possible they are even more friendly with Canadians and Americans than either Russia or China. Will that continue? Clearly #RobertFriedland saw something that very few others did a few decades ago, because people thought he was crazy to enter #Mongolia.
I don't know where this is headed. But IF #Russia really cozied up to #Mongolia while #Russia relationship with the Western world really soured, that potentially is a negative on Western investment.
I'm not saying that will happen. But that's the type of thing I think about when you brought up the interesting point of #Polyus possibly getting interested in #Mongolia, or $ERD more specifically. #geopolitics
@tcu$AUG time to add, $ERD a slam dunk and $API a very risky but potentially massive reward at the end of the tunnel. $AUG specifically caught me offguard with the recent reversal after it looked to have broken long term wedge consolidation. definitely a buying opportunity with the largest drill campaign out there. GL
@JamesKwantesReally @RocketRed? $ERD assays in just the past 2 months:
- 80m of 6 g/t Au
- 56m of 6 g/t
- 108m of 2.8 g/t in a stepout hole
Not sure what "metre of high grade" you're referring to, but I guess we do occupy different worlds!