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Today, Rick Rule commented about whether SGI-X, SSL-T, BTO-T, IVN-T, SU-T, AR-T, ROXG-T, BTR-X, NXE-T, FCU-T, GG-N, BBI-X, TECK.B-T, AAL-X, RNX-T, IVN-T, EQX-T, EMX-X, NOT-X, DGC-T, WM-T, CXO-X, BAY-X, BGM-X, USA-T, ELD-T are stocks to buy or sell.
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COMMENT
The Barkerville district has a lot of prospectivity. Their individual drill results are excellent but under the control of the Osisko company. He doesn't own it, because has a hard time getting the drill holes to tie together. That said, the district has a lot of promise and the exploration team is strong. The stock could go higher.
precious metals
COMMENT
How do you reconcile the difference between the spot price of gold and gold share prices? In the last bull market for gold from 2000-2010, the gold price rose $250 to $1,900/ounce, but earnings declined. Until management teams can effectively turn the gold price into cash flow, you'll see the gold share prices languish vs. gold prices. The companies that have the best leverage to gold are the inefficient producers (high costs). We need gold companies to show the same financial acumen as companies in other industries.
PAST TOP PICK
(A Top Pick Nov 09/17, Down 45%) It's the best junior stock he's talked about in terms of potential. It has three world-class assets and run by the best mining entrepreneur of this generation. The problems are South Africa and Congo. Investors are afraid of political risks, especially ones they don't understand.
Mining
WAIT
There's a merger proposal and a private company which has interfingered lease holdings in Alberta. Problem is there wasn't enough drilling density to let him know what that land is worth. The merger and raising $110 million means that in 12 months, you'll see a better sense of what this land package is worth. A lot of promise but not enough data to make him buy.
Energy
