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Thread: Oz in the ground

  1. #21
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    I think this company is going to grow a lot. It has royalties and interests
    on five continents. Royalties, explorations and acquisitions are on precious
    metals, base metals and other minerals.

    https://www.emxroyalty.com/investors/presentations/

  2. #22
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    Quote Originally Posted by oak333 View Post
    Look what happens when you have oz in the ground.
    GOLD.TO today went up about 15 %.

    They made a smart move: created a royalty corporation,
    with Net Smelter Returns on their deposits, with retaining
    the right to NSR to future discovered deposits and probably
    tending to acquire royalties on other miners.

    https://ca.finance.yahoo.com/news/go...100000194.html
    GOLD MINING GOLD.TSX continues to go up. Today it is up 10 % +

    https://bigcharts.marketwatch.com/ad...false&state=11

    GOLD.TO was highly recommended by Rick Rule, as an example of "'optionality."
    Well, clearly Rick Rule is a very highly qualified professional.

  3. #23
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    Here you have an interview with the founder and CEO of Gold Mining Co,
    symbol GOLD.TO (Toronto Stock Exchange):

    https://www.youtube.com/watch?v=Yemd...eid=8011e4afd4

    ----The company has 12 million oz in the ground
    ----it has created a royalty corporation, with royalties
    on 14 (so far !) of its deposits
    ----recently has nominated David Garoffalo as CEO.
    He was before CEO of Goldcorp and other mining companies

  4. #24
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    Production of gold miners threatened by depletion of reserves.
    Their free cash flow is increasing, due to elevated price of gold.

    M & A (Mergers & Acquisitions) activity has to increase, and is increasing.

    https://www.kitco.com/commentaries/2...ng-louder.html

    My note: Companies with lots of oz in the ground are going to be
    acquired for big premiums. This includes GOLD.TO and FF.TO....but there
    are other companies with oz in the ground too.

  5. #25
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    Quote Originally Posted by oak333 View Post
    Here you have an interview with the founder and CEO of Gold Mining Co,
    symbol GOLD.TO (Toronto Stock Exchange):

    https://www.youtube.com/watch?v=Yemd...eid=8011e4afd4

    ----The company has 12 million oz in the ground
    ----it has created a royalty corporation, with royalties
    on 14 (so far !) of its deposits
    ----recently has nominated David Garoffalo as CEO.
    He was before CEO of Goldcorp and other mining companies
    This GRC-Gold Royalty Corp. is a new and distinct form of value enhancement.
    It already has started to act, acquiring NSR (Net Smelt Return) from gold
    miners.

    Shareholders of Gold Mining Corp (GOLD.TO) owe 40 % of GRC.

    https://finance.yahoo.com/news/goldm...113000779.html

  6. #26
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    Quote Originally Posted by oak333 View Post
    This GRC-Gold Royalty Corp. is a new and distinct form of value enhancement.
    It already has started to act, acquiring NSR (Net Smelt Return) from gold
    miners.

    Shareholders of Gold Mining Corp (GOLD.TO) owe 40 % of GRC.

    https://finance.yahoo.com/news/goldm...113000779.html
    The text "owe 40 % of GRC" should be read as "owe 49 % of GRC." Typo.

  7. #27
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    Quote Originally Posted by oak333 View Post
    It does help to know well the industry, but it is not a must.

    A much applied technique is to buy many juniors and wait, even for years.
    A few of them will go up a lot.

    As the price of juniors is quite small, this technique is usable,
    Why not save a lot of time and aggravation and try the simple approach like I do. That is, have a quality mining fund and enjoy the coming gold bull.

  8. #28
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    Quote Originally Posted by motocat View Post
    Did he ever say when the "window of opportunity" was to get out? If not, well then, you know his purpose...

    Mining stocks can be good for a very select few who know what's going on in the industry. If not -- there is NO reason to get into them. You are not "doubling down" on the ups that may come in gold value. Simply compare how miners (like GDX) have done over the last decade vs physical, and you will see.

    I just do the easy thing by owning shares in a diversified mining fund.

  9. #29
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    Quote Originally Posted by motocat View Post
    Did he ever say when the "window of opportunity" was to get out? If not, well then, you know his purpose...

    Mining stocks can be good for a very select few who know what's going on in the industry. If not -- there is NO reason to get into them. You are not "doubling down" on the ups that may come in gold value. Simply compare how miners (like GDX) have done over the last decade vs physical, and you will see.

    Yes, the past decade or so hasn't been too kind to the miners, BUT they did do very well during the previous ten years by rising, according to Adam Hamilton of Zeal Intelligence, a quite impressive 1,664% from 2001 to 2011, which easily surpassed gold's five fold increase and even silver's ten bagger during that time frame.

  10. #30
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    Quote Originally Posted by aberdeen View Post
    Why not save a lot of time and aggravation and try the simple approach like I do. That is, have a quality mining fund and enjoy the coming gold bull.
    There are lots of methods to evaluate a gold mining company.

    For optionality you have basically to know the deposits, the permits,
    infrastructures, and the management. As gold price is bound to go up
    and gold resources are depleted, it is safe to assume that these gold deposits
    are going to be bought at great prices.

    A fund might work too. Doing your home work and selecting great optionality deposits
    might enhance the profits.

    As we tackled this subject, Seabridge Gold has huge deposits (SEA.TO). Rick Rule
    highly recommended it.

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