Originally Posted by
JBmurc
Gold could take a breather for sure ..but the BULL trend is in place and has been that way IMHO since it broke the weekly Supertrend late 2018.. now Gold will need to crash below 1700 to see this trend broken so some room at present for a breather...
So Marco wise Gold and now SILVER(which recently smashed into a weekly bullish supertrend) are in place ....
Micro wise we kiwis are very lucky to have one of the best PM mining nations in the world next door ...Aus #1 biggest exporter of GOLD
So ASX brilliant ....then we must look over good prospects on the ASX ...for me its the best Mgm+F/A+T/A =
Like I was saying to friends and family back in march ....BUY OBM.asx ....why purely as it was a no brainer BUY ....80mill Mrktcap ....2Moz Gold resource ,1mtpa Gold
Plant, 270mill tax credits,20mill cash balance etc etc the SP went from sub 10c to 33c high which was passed yesterday but as pulled-back
Now OBM has just raised 55mill so they are fully funded to Gold Production 1Q21 ... I still think OBM 220mill cap are great buying at current levels....Silver ..I would look at MKR I purchased my first lot yesterday..Plant + producing Gold at present
Explorer wise for me pretty much same as developers/producers ....grade + widths are king ....CWX is one I hold that has been quiet and missed much of the hype we see with many others F/A sound with J/V with RIO,FMG,IGO majors .... but when you look at their HILL800 prospects with 92.7m @ 3.22g/t Au from 2.3m (H8DD006)
43m @ 4.24g/t Au, 0.3% Cu are massive large hits that if they were announced at present would see the SP double ...
I have a few others as I like to spread my risk / reward ...
the fear of buying to lose all your money only makes sense if you're a BUY and forget type investor..that doesn't do the hard work ...
IMHO you throw say 50k across the above 3x your have 100k before 2Q21
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