I’ve narrowed my position in SILV FROM 19% of my portfolio to 6 % – @$11 & $10

Hey Marty – Yes, I’ve noticed SILV has pulled back recently from the $11s and $10s down to the high $8s(despite the much higher Silver metal prices), which is why I just got positioned. Also, I’ve been wondering the same thing about a “quiet period” and if they are negotiating a buyout. I figured regardless of what happens in PMs moving forward that Silvercrest is best in class, and at one point they’ll either take it into production or someone will buy them out. Also, there is SO MUCH room for more exploration on their land package with all the other veins they haven’t even had a chance to drill yet, that I see other potential world class discoveries as a legitimate potential.

Thanks Marty. Good sleuth work, but I don’t think she would be able to say if they were anyway, due to non-disclosure agreements. Regardless, that is good news, as I’d like to see Silvercrest run much higher in the double digits through exploration success, resource expansion, and having their ounce re-rate higher with rising metals prices. At one point they may get bought out, but hopefully that is still a ways off.

The audio clears up around the 5:30 min mark.

(BTU) (BTUMF) BTU Metals Corp Finds High Gold In Till Samples Associated With Artificial Intelligence Targets

Aug 10, 2020

Paul Wood, BTU CEO, said, “The most recent gold in till data confirms there are sampled areas on the property that show high concentrations of gold and in a number of cases high gold grain concentrations are located proximal or directly associated with some of our recently identified AI targets. From prior work by us and others we know that there is a lot of evidence of gold in the neighborhood and we can see from the high counts of pristine gold grains in some of our samples that some of the gold has not travelled far from its bedrock source. We are continuing with our surface and mechanical till sampling program and we expect to have the drill back in action shortly to start testing some of the areas that we see as priority targets.”

https://www.btumetals.com/news/85.pdf

Well it would seem Schwab is having challenges lately, but at least you are on the case.

I’m not sure if BTU will be Great Bear 2.0, but they are snug up under GBR with the land position they’ve consolidated.

This map shows how their 2 land packages line up.

https://www.btumetals.com/images/projects/3/default/BTU_Dixie_Location.jpg

I lime the way Chris Taylor, CEO of GBR, does business. He seems to be stock holder aware and keeps people informed. The fact that Great Bear is involved with BTU lends credibility to BTU in my opinion (and it is an opinion).

Yes, Chris Taylor is a solid leader of a mining company and Great Bear is incredibly well run overall. I missed the boat on GBR and had considered it during the sector selloff back in March but chased other stories instead. Regardless I celebrate the success of Great Bear and the sector sure needs a few more solid stories like that to attract new investors to the potential.

Heck I just positioned in 2 other well run companies with excellent properties as well today — Silvercrest (SILV) and Wallbridge (WM). Wondering which companies will be next with a world class discovery?

Hopefully the next great companies will be ones we own. !!!

Yes, that is a splendid notion.

They are just getting started really, and have raised the funds and they’ve done some channel cuts and chip sampling but haven’t drilled the property yet. Also they only have a $5 Million market cap, so any success in exploration could move it up dramatically. It’s one of the lottery ticket drill-plays I picked for this season, and it looks like they are just getting geared up to do some work. We’ll see how it goes…

Also both properties the one in the Abitibi Chibougamau-Chapais Region of Quebec, and the one in the Golden Triangle are 2 of the more prolific areas for Gold/Silver discoveries, so I like their odds of hitting paydirt.

GOT has sold off some, now only up 15% on the day. The discounts are rolling in…

Got it for +8%

Be careful with GOT. DT

Nice snag David. I’m interested to see how the exploration works goes at both properties if they hit numbers like in those rock chips and channel cut sample, then they may be on to something in the golden triangle. As for the Abitibi property, that area is just as well endowed. They raised over $2 Million on August 6th, so they just filled up the capital tank and they are ready to drive…

DT – What are the concerns with GOT? (other than the typical exploration risks all explorers face)

> Right now I see them as cashed up with $2.16 M, and plenty of interest as they just had to upsize the offer, and 2 solid properties in good jurisdictions to explore.

I’m open to looking a companies blemishes though, as all companies have them. There are no perfect companies.

Ex, read this article by Bob M about a year ago, have a look at what happened when the news really came out, it’s your call. DT
http://www.321gold.com/editorials/moriarty/moriarty082219.html

Yes, I remember that and that, like so many explorers earlier on in their journey that the shares popped on the drill news, but pulled back when it became clear it was a twin hole of a historic hole that was more known. Most companies would have done the same thing to confirm what was there, just like Vizsla and Brixton have done recently, or what Skeena or Wallbridge did initially when they were trying to understand and confirm their deposit that had prior historic work done on it that was non-NI 43-101 compliant. Investors thought it was initially a new discovery and left in a huff and a puff pulling the share price down, but again we see that kind of response all the time from fickle impatient resource investors. Look at how GT Gold had 2 different pop-n-drops (where investors flooded in and then scurried out) before starting to gain more traction and tie things together on their 3rd year of drilling.

The targets Goliath Resources are working on this year are based on surface exploration work and to my understanding haven’t been drilled, so there is a great opportunity to surprise the markets with a new discovery.

I love coming into an exploration story where the maiden program excited because of a good hole, but then short-sighted investors fled before things are even remotely close to being understood. This is a follow up exploration campaign where theur team understands more than they did last time, and while exploration is never easy and there is always the risk of any company disappointing, I like their odds of hitting big.

DT – By the way thanks for posting the prior link and for looking out for us and having our backs. It is appreciated, and looking at potential weaknesses and threats are just as important as looking at strengths and opportunities.

I’m looking forward to seeing what comes of this year’s exploration program, but am prepared they could hit dusters, or just good (but not great) results that don’t impress the market, or they could hit significant intercepts of high grade that really impress the markets– just like every greenfields explorer out there. Fingers crossed 🤞

Lastly, their new Nellie’s Project in the Abitibi greenstone belt in Quebec is going to start initial surface exploration to collect data for generating drill targets for Q4 2020, so I like that they have a secondary exploration project moving forward in parallel.

We’ll see how it goes…

Nellie’s = Nelligan (darn autocorrect)

Note before the drill results came out as per the article there was a lot of selling for about two weeks, coincidence maybe, but I think not. DT

That selling prior to the drill results was the warrant holders from prior private placements that raised the capital for the drill programs selling before the news, which is quite common in exploration drill plays. I don’t think that has anything to do whether here and now they are going to have a successful exploration season with the $2.16 Million they just raised and a much better understanding of the geology than they did last year.

The past does not equal the future, especially in exploration projects. Often is the 2nd, 3rd, or 4th season when a company finally hits it out of the park. Look at Lion One, they’ve been working on that project for almost a decade and just now unlocked the secrets of the feeder zone. For a $5 Million market cap explorer it won’t take much to move the needle in share price appreciation if Goliath Resources hits on some of the new targets they’ve identified for this year’s program. It’s a lottery ticket and right now 40% of their value is sitting in the cash raised, so it is the kind of risk/reward ratio that can pay out big IF they hit something that interests the market.

I was watching GT gold when they started getting good drill results and thought they were on to something at the time but didn’t pull the trigger. I understand the excitement of being involved with a company from the beginning, there are so many great plays with real prospects these days that I am not really willing to take on the risk. Lots of luck in your endeavors, I know you are and will continue to be successful. DT

One other reflection is that the drilling mentioned in the article from Bob M. was at “Lucky Strike,” but the property they are going to be doing channel cut samples and more work to establish drill targets on for 2020 with this capital raise is their “Gold Digger” property. Gold Digger is right by Auryn’s Homestake project and Dolly Varden’s prior producing mine in the Golden Triangle.

It looks like the main thrust of the work is aggressive surface work to establish the drill targets for next years program, and they are still going to be doing some work at Lucky Strike, and their new Nelligan project in the Abitibi.

___________________________________________________

“The new discovery in 2019 of the Sure Bet Zone is 1550 metres by 1130 metres within a larger mineralized zone covering 4 sq km in area. It is next door to Auryn’s Homestake Ridge high-grade Au & Ag deposit of ~1.2M oz AuEq @ 7.41 g/t AuEq and only 7km west of the Dolly Varden Mine access road that leads to Alice Arm, BC. The exploration plan for 2020 will consist of extensive channel cutting, sampling and mapping in preparation for an inaugural drill program in 2021.”

https://goliathresourcesltd.com/projects/golddigger/

DT – Yes, I agree that there are so many companies to follow, especially with the grassroots explorers that I also prefer to mostly back the projects with real ounces in the ground and deposits that are already at least partially discovered and being further validated.

Really, I’m most heavily weighted in the Gold and Silver Producers and advanced Developers, as I want resources in the ground that will re-rate higher with rising metals prices.

However, I peppered in about a dozen smaller positions in exploration drill- plays just for the explosive potential of when they actually make a worthwhile discovery. I don’t expect all of them hit it out of the park, but it only takes 1 or 2 solid drill hits to move one of those up into a 5-10 bagger in short order.

Also, during corrective moves in the metals, the pure exploration plays are less susceptible to massive selloffs, especially if they are cashed up and have an active exploration program underway. These drill plays aren’t producing and don’t have a resource in the ground per say, so their value grows through exploration work, and they’ll rise or fall off of that, agnostic of what the metals prices are doing. Sure in a bull market they’ll pop more and stay elevated longer than in a bear, but a discovery is a discovery.

I have no idea what GOT will find at Gold Digger, or any of their other projects, but I believe they are utilizing more of a prospect generator model, where they want to do enough exploration to attract a larger mining company partner to take on more of the exploration budget. So the other catalyst with P.G.s is if they find something shiny that attracts one of the big boys and they cut a JV deal. It will likely take drilling in 2021 first to attract that big partner, but I’m still looking forward to seeing what they find in their Golden Triangle and Abitibi scavenger hunts. 🙂

Cheers!

Ironically, I’ve spent the most time today discussing and researching the drill plays, but they are my smallest positions, due to the higher risk nature of exploration. However, the comments in this thread, apply to most of the drill plays, and are not just exclusive to Golden Goliath or BTU Metals or GoldON, etc…

Now I’ll check in on where the rubber meets the road…. the Producers & Developers.

Ever Upward!

🙂

If, it was a 64,65,66…….yes, otherwise….. You have a Keeper…. 🙂

Where have I heard that before.

🙂 GM……really messed up …. Olds could have been a great car….Aurora 1998 was a great model….

1969 Hurst Olds

Now , that was a nice Olds…..442…..