Erik Wetterling – Breaking Down Exploration Upside And Development Growth At 2 Advanced Explorers
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to discuss his value investing strategy in junior resource stocks, and he outlines 2 advanced stage exploration stocks that he feels represent intriguing risk reward setups. We start off discussing a few investing principles around properly valuing the future growth of companies based on their guidance, having the appropriate time horizon to let a quality management team growth value, and the importance of teams that have good access to capital.
We then have Erik outline what he likes about the exploration upside and potential development growth as the respective projects get further derisked at both Montage Gold (TSX.V: MAU) (OTCQX: MAUTF) and Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF).
*In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and many are also site sponsors of The Hedgeless Horseman website. Eloro Resources are also sponsors of the KE Report, and Shad has a position in Montage Gold.
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I pretty much agree w the Chartster fella…The 1.618 fibs expansion will be a profit taking target in a week weeks…The algos do what they must…then if fundamentals are still favorable the gold price attacks the all time highs…I have no idea what the breakout if/will look like…A true break above vs. a false break…time will tell…Trade the patterns like the machines…GLTA
WEEKLY /GC
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