/biz/ - Business & Finance

>>56418968
have we went past "return to normal" yet or is that coming up next?

I've been doing some DD on the Osisko companies and damn so far they all look good. Osisko Gold Royalties has strong royalties and streams coming up; Osisko Metals is very cheaply valued considering they have a tier 1 zinc asset within two or three years of production; Osisko Development is developing Cariboo and Tintic with a view of getting into production for 2024 with 100koz/year and ramping up to 350-500koz/year as a midtier producer; O3 I haven't looked at yet but I sure have high expectations. So far I really like OR, OM and ODV. I already own some OR but I might be inclined to invest in OM given its valuation in relation to their Pine Point asset. OR also owns substantial royalties on all the other Osisko companies.

I've also done DD on Artemis and Skeena recently as you all might know and I like those two a lot. But today I also took a look at G Mining Ventures, which surprised me. It's a fresh junior that's heading to production next year with a very low cash cost (~$600/oz) gold project in Brazil. It's being built by people who have built large scale projects like Fruta del Norte. Eldorado and Franco Nevada own like 35% equity interest, and Osisko Gold Royalties also has a 0.75% royalty. It's an excellent project and I really like this company but maybe not the best timing to buy chart wise. It's up there with Artemis and Skeena in terms of quality although it is a smaller mine.

>>23643956
Alright took me a while to get to it but I finally feel like I've researched them thoroughly. I'll engage in educated discourse with you now
>Its a top pick on the sitfolio.
Don't mind the sitfolio, the guy could've invested ages ago and got great returns already. Or he might just have a different view of Defiance
>However i dont like what i see when I research them. No major news in years other than financing type stuff.
They commenced exploration of their flagship project back in July, and since then there's been three finance-related news. The resumed exploration will focus on laying a foundation for planning a new drilling program, mostly just finding the best targets, or so it seems to me.
>They just paid of a million dollar loan and im wondering how they did it? Are they a producer?
They're not a producer, they're a pretty early stage high-grade silver explorer (though they do have an advanced-stage high-tonnage, low-grade gold-copper-silver project that seems to be on hold right now). The finance-related news explain this. They closed a C$10M private placement, meaning they issued new shares and sold them. So they diluted their shares, gained working capital and paid off all of their debts. They had had financial trouble beforehand and wouldn't have been able to pay for their short-term liabilities. Now their financials should be looking a lot better even though they had to dilute their shares. They'll also be able to fund their exploration with the rest of this C$10M.

In my opinion, Defiance seems like a solid investment. I'm not particularly excited about them because they just seem kind of unremarkable and slow at doing things. Their San Acacio property seems very promising though, and most of it is unexplored. They've only done an initial Mineral Resource Estimate with an Inferred high-grade estimate so I assume they'll want to upgrade their resources into M+I ASAP.

>>23613624
despite what the others are saying, I'd say that if you know your stuff, luxury watches actually are a good investment, just as any other collectible (be it comic books, old games, vintage cars, you name it) is a good investment if you know your stuff. The video titles are pretty funny though honestly

>>23490915
If you're looking for microcaps, I can fairly confidently recommend Colibri then. Another fairly speculative play I want to encourage people to look at is Summa Silver. They have a property in Tonopah, Nevada with a drilling program on the way currently, they're drilling near an old mine that stopped producing when silver prices went down. Their shareholdings are super centralized and seem very interesting. They also practically reached out to me to ask questions when I subscribed to their newsletter, and earlier this week I actually did. Looking forward to getting a reply, that would possibly seal the deal for me!

However if you're looking for a less risky investment, why not invest in something like PGM or AUMN? They are both near term gold producers. PGM has a promising project and great exploration potential for further increase to resources as well as excellent near-term financials and passable debt-to-equity ratio, and AUMN is a little riskier -- they are trying to begin production at their Romeo project Q1 2021 and after the short-term, 2y project has run its course they will try to begin production at their Velardena property in 2023, which will be a project with at least 10 years life of mine. A little risky because starting up a mine and maintaining production holds its fair share of risks but a good risk-conscious investment in my opinion. I'd also recommend Gowest Gold but their near-term financials aren't convincing, their current ratio is about 9% (June). They are ramping up their Bradshaw property aggressively to try and begin production in 2021 and their property holds massive potential for many other gold mines but I'm concerned they won't be able to get a stable cash flow in time to pay for the liabilities -- will have to wait for a new financial statement before investing.
>>23491119
If only the Pino project got back on track. Oh well, will have to wait and see

>>23111702
>Drilling will show us the truth of the matter. The issue is taking samples from surface showings wont show the true picture of an ore body.
Indeed. I almost invested a couple of hundred into them because of the hype in the last thread but thankfully I spent a good hour making notes and observations. Still have to gauge the risk for a while after all.
>In that region of Mexico specifically, based on other regional projects, I wouldnt expect the ore body to extend past 100m deep, and grades seem to cut off at around 60m. They do however extend laterally in many cases for over a kilometer, and are often disjointed due to fault action, meaning more veins could be intersected below the surface with drilling. I have high hopes the ore goes to depth, but I am not counting my chickens before they hatch.
Oh, that doesn't sound very encouraging. Maybe I'll rethink investing once the results come out, or once the price goes to 0.05 CAD or something.

Thank you for your input Pan Man

>>22441093
I'm not sure. I don't think it is. Sometimes it isn't even working for me either for some reason, only able to see the main stage when there is a talk going on. They did air a documentary film on the housing market in the first few hours which can be watched here: https://vimeo.com/457047605

I too hope it can be watched fully later as well