DeGrey, I think, recently expanded their resource. I also think they are going to meet with Novo in the near future. I don’t know why. There is an Australian site called Hot Copper that has forums like ceo.ca or stockhouse. The Hot copper people keep up with it. The Aussies seem to issue a lot of shares and do a lot of penny trading, both of which hold things down. But Novo made a move, so maybe things will pick up. It was always felt the others would follow the Novo lead. I guess we will see.

David – nice work – you did what Eric Sprott did and cashed in on Kirkland Lake as it surged higher, and reallocated into more of the quality Jrs. You likely had very impressive wins in Great Bear, Irving, Ely, Mako, Vizsla, and Wallbridge as well – solid companies.

Keep up the great work and let us know who is on your radar next. Ever Upward!

I took a similar track with peeling off profits from Equinox and K92 Mining and putting them in quality Jrs, but they hadn’t run as hard or long as Kirkland Lake had, so I kept my exposure to them medium. I’ve recently trimmed back most of my Equinox position though as it is getting more fully valued for what they have at present, and I’m rotating that into mid-tiers that haven’t run nearly as much yet.

In the Silver space I did the same thing with my Silvercorp position and trimmed it back to place more focus in some of the silver developers and explorers, but recently beefed up my SVM position again when it went through that fishing line selloff on relatively good news out of left field. When it runs higher again I’ll likely scalp those profits and reduce the size to continue adding to smaller Jr Silver stocks.

I went through a bunch last year that had smaller positions but gains. But some I hav positions in and seeing how they do are: Aston Bay, Bayhorse, Brixton, Defense Metals, Discovery Metals (larger position), Dolly Varden, Erdene, GR Silver, Golden Valley, Group Ten, Hannan, Impact, Integra,Japan Gold, Kootenay, Mako, Metallic, Millrock, Minaurum, Miners Alamos, Northern Shield, Orex, Pacton (ugh). precipitate, Pure Gold, Radisson, Santa Cruz, Sokoman, Strategic Metals, Valore, West Red Lake and Silver Bear. Mostly small positions but I keep them on my books and if something starts moving, I pick something to roll into the one moving. If I have them in my account, I can quickly see a daily change and act without having to check them all. If I hear of something else, the. If it looks more promising like Azimut or Vizsla did recently, I make some swaps. Kind of a fly by night way of doing things but got me in early on some. I try to stay current with the “letter writers” and see if there are some mentioned more than a couple of times. Then see what that stock is about. First impression is share structure… then location, management, resource, grade,and hopefully some wide widths, etc.. Probably mostly dumb luck.

Ex:
Example of getting luck: Bought first batch Ely2/8/2020 for .35 each with costs. Gain 119%. Bought 12 more times with last being 2/14/2020. Gain 19%. Total gain 13 buys 75%. Now if something else begins a move, will sell first ins and hold most of what’s left. Hope we have a few mire years left to this up market,

Great list of company positions there David. I hold about half those same ones myself.

Yes, I often keep smaller positions in wider basket, and then one gets active, I average up into it as it grows and increase my position size (sometimes I average down in a story I really believe in if the selling seems overdone).

Great job on Ely Gold! It is always interesting to learn how different investors average into a position over time, along with their exit strategy. Much appreciated!

Thanks for the details…very precise!