Today, Rick Rule commented about whether GMIN-T, EMX-X, OGN-X, LGO-T, LUM-X, BAY-X, MDI-T, DBG-X, GROY-N, NFG-X, AYA-T, ENB-T, ARR-T, ALS-T, RGD-X, GTWO-X, AOI-T, MAG-T, ATH-T, IVN-T, WCP-T, MGA-T, CXB-X, FVI-T, AGI-T, ERD-T are stocks to buy or sell.
Not yet. In his experience, silver outperforms gold in the middle-end of a precious metals bull market, and we're now just in the early stages. He'd expect the gold (fear) buyer to outpace the silver (greed) buyer in the relatively near term.
In a precious metals bull market, the most volatile assets of all to the upside are silver stocks.
Operating in what he hopes will become a Tier 1 district, which means 10M+ ounces. A bit of a stretch, but geography is amenable. Guyana itself has newly found fiscal stability with discovery of 10B barrels of recoverable oil.
Suspects will eventually merge with GTWO, as they're so close together. Or get taken out simultaneously by a larger company. Both management teams get along, and will each work to create value before any of this happens.
Attracted to it, but doesn't own or recommend. He rates it a 5, which is neutral. Gold and copper in Mongolia. Data doesn't justify labeling findings as "massive" discoveries.