You never are bugging me! I appreciate your comments, ideas, thoughts, suggestions, ponderings, musings, recitations..... ALWAYS!! .....You surely get my warped humor by now??? (see these: :D .... at the end of my post)
Yep. I know I am a lottery ticket player. ....That's all .....uh.. ..I can ...........afford.
Yes... I found that to be true. I had..and sold... early on.. some Newmont and GG. Actually wish I had held onto those plays but felt I didn't have enough of them to 'do any good'.
I like that you and Eric have made me think about this in a whole different way. Going to have to rethink buying all the juniors I wanted and maybe add a bigger play.
Gosh. I love this place!
Dont own any on the list, I am partial to producers with low costs and /or huge resources untapped.
SVM is the lowest cost primary silver miner in the world and within 18 months should be grossing near half billion $ a year, that is up from $167 million Gross in 2010. That is growth that is hard to argue with. THEY just plain get er done.
RVM another producer i own and have huge silver / copper resources, albeit some of that locked up in a battle with treehuggers in Montana. However the Montana senate has guaranteed lately with new laws that the project will get the go ahead. There is no junior miner where you can buy silver ozs in the ground as cheaply.
Also have some Silvermex , SLX -T, another Mexico emerging producer with huge, rich in ground resources. Over 200 million ozs silver equiv in resources ( silver and gold) and a good % of that in reserves. Currently only at 200 tonne per day, but former management from Hecla and Silver Standard now running the show, and will have drill results shortly and by next spring should announce plans for expanded production. Last report had the mining as being profitable with the average grade in production at over 6 OZS per tonnne silver with 2.5 gpt GOLD.
While many prefer the casino like tsx venture plays with little proven , one can make out real well by simply buying those with production and permits all in already , with huge resources in ground ALREADY found.
Ginger, you're such a sweet soul. I'm glad you're here! I'm also glad we have a forum now so we don't bother the serious people with our chit chats. And what would be the point of 'winning the future' without chit chat?
Reminds me of the line from Mr. Holland's Opus, "Well, I guess you can cut the arts as much as you want, Gene. Sooner or later, these kids aren't going to have anything to read or write about. "
We have RVM and SLX (GGCRF) in common. Silvermex is actually my largest holding. I have high hopes for that one. The sp has been kept quite low it seems when contrasted with the fundamentals. But I am a believer!
Ha! ...LOL. ...Those serious people with all their serious-faced trading talk. You'd think a little talk of bacon or wheatgrass or yummy garden vegetables would brighten their days a tad.
...That's what is so great about this new place. We don't have to feel like we get in their way anymore ..and yet we can STILL listen in to them to learn all they can teach us (which is much). I'm glad you are here too ..Thank You So Much!!
I'm just a very simple girl with a very simple hope to prepare my family and others. The chit chat really helps us all to know we are not alone!
I found GGCRF ( the US symbol for Silvermex ) is being naked shorted on the corrupt OTC market in the US.
45 days now with failures to deliver. Criminal really and these guys should be strung up imo. Hopefully SLX management will address the issue, altho i dont know what recourse they have. Sooner or later i suppose these criminal banksters will cover. As you likely know small retailers cant short these penny stocks very easily.
I have full confidence in that management team, which makes most other juniors look mickey duck.
This summer appears to be creating some terrific buys in some of these undervalued producers.
Agreed. The shorting activity is criminal ..and I can't wait until it ends. This board is good for keeping up with Silvermex:
Actually, one of my favorite posters over there is 'mouserman'. Very knowledgeable. ....Not YOU by any chance is it?? ..mouser...mouserman... ......His recent posts also address this shorting issue.
Ah yes that is me as well, i suppose i should not have been so lazy and posted here with the same handle. LOL I am getting a bit tired of the spam on SH and perhaps this will be a much better venue for posting out thoughts.
lol. ...Well, WELCOME !!
You will be an incredible resource here. You already are. Seriously, we will all benefit.
I've actually quoted you a time or two on TF's old blog site when Scottj and others were discussing Silvermex. Very glad you are here.
Thanks Eric! Nice to see another Wisconsinite on here! I wasn't on the old blog but I was reading your posts with regularity.
Thank you for the kind words. Yes. I have positions in 18 different miners right now. I bought smaller lots of shares in larger producers like Silvercorp, Hecla, Kinross, and Eldorado. Then I focused on producing juniors like Great Panther, Brigus Gold, and Endeavor. About half of my position is in smaller more speculative stocks or near producers like Fire River Gold, Constantine, and ECU Silver. I also looked at some possible take over candidates like Nova Gold and Brigus.
One other thing is, is the property in question near or does it border a large producer like a Kinross or Barrick? But ounces in the ground, land size (IE future exploration potential), ownership, and people are probably the most important metrics I use. I will say this my portfolio is heavy on the Canadian companies. I think I only own two USA companies. Also, I have a lot of exposure to Mexican silver. That is fine by me. They are a mining friendly country. I also try to get low cost producers. Hecla and Silvercorp are two of the lowest cost producers of silver because of zinc/lead/copper/gold credits. They are both negative. Not bad. Oh forgot to add, I also go for some dividend payers! Important.
I don't think I have more than a few hundred dollars in any one of them. But this is to spread risk around too. In case something happens to one it doesn't to all. That being said, in this environment of inflation and a currency/debt crisis when the investment hits the sector the saying "a rising tide floats all boats" will apply and as we have seen lately in the miners vice versa. I try to limit my risk the best I can.
I'm limited with cash too, so I hear you there. I am trying to do this: If a share doubles I will sell half like the "Casey Free Ride" states. That is from guru Doug Casey. In other words take half off the table and reinvest it in other places. Essentially that you are playing with the "houses money" now. A couple I won't do that with but most I will.
Another thing I am trying to educate myself on is private placements and warrants. There is a guy on Seeking Alpha named Lorimer Wilson that posts a lot of links in response to articles trying to get people to realize that these are much more profitable than shares. I'm hoping to learn and then apply the thesis. Maybe some more educated people can weigh in on this topic?
Ginger please note the above post. It is Silvermex not South American Silver that has the former Hecla folks. My bad! Doh! And I do own both. Sometimes it is hard to keep all the info straight!
One other thing especially in the case of Nova Gold for instance. I look at miners that have joint ventures aka JVs with larger miners. Nova Gold has two JVs with Teck Resources and Barrick Gold at two of their huge projects. This is important as they can get the capital needed to bring the project to fruition. Additionally, this could bode well for a buy out in the future.
Also, right now I am split about 50/50 for gold/silver shares. I try to split that up some too. But you know some of the companies mine both anyway along with base metals. Usually you see gold/silver along with any of these base metals zinc/lead/copper. It can be a mixture depending on the type of deposit. Often it is a gold/copper (Nova Gold) deposit or a silver/zinc/lead (Great Panther) deposit. But you can certainly see all in one spot too. Other metals can be present too. Another element in the gold/copper deposits can be molybdenum (Northern Dynasty).
One thing to look for in the assays too. From what I have read is that if you see an assay that has a similar amount of gpt for both silver and gold that A. it is an electrum deposit and B. that more than likely more silver/gold veins should be found in the surrounding areas. I want to say that Fire River Gold had an assay like that recently which is part of the reason I bought it. Well, that and Sprott owns it. LOL.
I have made a spreadsheet with a lot of these metrics and as new info or resource estimations come out I update the sheet. It has kind of taken on a life of its own, but it might be something that you want to do to keep track of things.
Your posts are a wealth of information! ...I am copying to a document so that I can read, re-read and digest all the info you've given us. Seriously. You should start a thread with all of this so more folks can benefit that miss clicking in to this thread. Maybe a Due Diligence thread ....just some good solid advice on doing DD with our mining picks ..thank you.
My bright idea of the morning: Send my money to TheGoodDoctor to invest for me. I'd take my chances with you. ...Maybe split it between you and Eric so I could quit feeling my way through the dark on all of this. LOL.
BTW, it was encouraging to me that you spoke of buying all these miners with a limited fiat budget. You have some great miners.....larger cap....than me and I'm thinking in light of yours and Eric's posts ..well, it shows me that a few hundred IS actually enough to get in to these miners. Eric is right.... I tend to think if I can only get a few shares that it's not for me ..and I think that thinking is wrong thinking.
THANK YOU ALL .....just a terrific discussion. I will make different choices because of it.
Hi Ginger. Thanks again for the kind words. It makes me feel that I am contributing to the community. Things have been rough the last year+ or so for me. I really appreciate it. Of the larger producers, I bought in lots of 25 and the others more in lots of 50 or 100+ or so depending on the risk/reward and how much I like the company's story. I have thought about making a thread about this info. If you track some of my other posts in the gold/silver miner forums you will see that. I will post again later tonight with another aspect of my due diligence regarding past historical mining areas. Have a wonderful day!
I have some Constantine and have been very disappointed with the performance, but will still ride it out.
Here is a list of names I own that some may find interesting:
1. RIO- Rio Alto- gold producer in Peru, 354 million market cap, just started production a few months ago.
2. BGM- Barkerville Gold- just started production in Canada, 102 million market cap.
3. EVR- Everton Resources- potential massive reserves in Dominican Republic. 27 million market cap.
4. GGA-Goldgroup Mining- lots of high grade gold in Mexico- 138 million market cap.
5. VAX- Vantex Resources- looking for gold in Canada- McEwen owns shares in this 11 million market cap stock, and so do I.
6. UMG- United Silver Group- going to start production in near term, located in Idaho, 41 million market cap, I think Sprott is a owner.
Just think what is going to happen when piles of fiat money makes its way into this baby sector of gold and silver shares, these are very small market caps stocks we are talking about, it won't take much for a rocket ride!!!
ecu someone is shorting this big time for years i continue to buy monster find one of the largest in industry,
avino gold one of Stewart Thomson's flyin five (jrs on gdxj with most likely takeover)
Silverquest, excellent klondike exporsosure buying since $.20
The predators if you buy golden I think you get silver, on my wish list -royal companies is what you want more bang.
ecu and perhaps golden pred have warrants go with warrants more bang
don't know the rest but check arian silver since$ .05 (sprott owns 15-20%)and us silver since .$.2,evg,eox
companies with certain words
silver,gold, us etc. will do very well in mania diversify jurisdictions as I expect miners to be seized as crisis continues, ie broke ass criminal countries peru,mexico,usa,uk,
get some physical certificates if shtf dcca owns your shares.
Core positions should have uxg,slw,and tanzanian. Go with great management over mine, losers can ruin the best mine- Sunshine,Eox (now repaired booted the losers)
buy what the best companies/mgt buy McEwan, Sprott,SLW(they finance co.s),Endeavour. no need new wheel. Beachtime
The warrant guy is actually Dudley Baker, preciousmetalswarrants.com, been a member for years. I don't think he knows the miners that well, his portfolio is way too big 90+,but the warrant info is great ,prices/expiration and Insider Insights what the insiders are buying selling is a great trading tool. I have made $ from this service and still hold many that he advised to seoeull as I had better 411 on long term prospects. I don't believe any else covers warrants. ecu, ngd, edv, compton petroleum,petr oamerica,
and still get gold wheaton which jacked us with reverse split then some jacked up deal with Franco Nevada had 1000 share of glw wts left (cashed out of other 40k), don't even know how much Franco I get don't care, maybe I (my kids)wake up rich one day . Franco is great company plan to buy warrants on them in future.
Strategy is to buy the more expensive miners and phys au with $ from trading accounts. Holding about 35 au,ag,oil/natgas,rare earth,u,geotherm,potash.
If you low cash buy dimes, easier to multiply than dollars it has worked for me.
TheGoodDoctor said: "Things have been rough the last year+ or so for me." ...Boy, can I ever relate! But you're here ..and teaching and helping others. ...Says a tremendous amount about you. I look forward to any of your upcoming posts.
Kumanari.... I write down all of your suggestions. :] ....From TF's old blog I have you down for UXG, RIC, MFN, GG, EGO, EXK, TRE, SLW....and more. ...At least I believe it is 'kumanari' that I have scribbled down. ..Getting difficult to read my own writing! I bought a small amount of nat gas options from our conversations on the old blog as well. I'm going to hold in there long with that and it feels like the right thing to do.
Wow. All of you guys have given me a months worth of research/work to do. THANK YOU VERY MUCH!
Pre-64 money is also a great tip. Seems a no-brainer ....and yet... I have very little...