Opinions
Rick Rule
Snowline Gold
SGD-X
BUY
Dec 13, 2024
$5.110
Stock price when the opinion was issued
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HOLD
A really important deposit, easily exceeding 10M ounces, with a high-grade starter pit. No longer a microcap. Deposit is extremely remote. We're coming into a warming period where they go out of exploration and into delineation.
The project will almost certainly be taken over by a major mining company, but not likely this year or next or until they de-risk the project. He's holding until that takeover. A different investor may want to take profits.
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A must-own for people who can take exploration and development risk. A major Tier 1, high-grade deposit. Unfortunately a long way from infrastructure, so upfront capex is high. Sold off dramatically because of Victoria Gold and fears of future permitting difficulties. Will prevail in Yukon politics.
Exploration excitement still ongoing. Permitting hasn't begun.