Erik Wetterling – The Value Proposition For Goliath Resources And Headwater Gold Based On Recent News Releases
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to discuss two junior gold exploration companies with recent news out to the market; where he is attracted to the current value proposition.
- Goliath Resources (TSX.V:GOT) (OTCQB: GOTRF) announced yesterday that they have hit drill intercepts of the highest concentration of visible gold in their drill core to date at their Surebet Discovery, where 66% of 2024 drill holes have contained visible gold, and 100% of them have hit the desired types of mineralization that carry the gold and copper. In addition, in that same news release, they announced a “New Deep Zone” that is mineralized 1.2kms below surface and remains open, along with a new Blue Origin discovery, and that with their additional capital raise that they are expanding this year’s drill program to 36,000 meters with 8 drill rigs now turning.*
- Headwater Gold (CSE: HWG) (OTCQB: HWAUF) announced today the acquisitions of two additional epithermal vein projects, Rock Creek and Hot Creek, in Northern Nevada. Both projects have been acquired through claim staking on open ground managed by the Bureau of Land Management (“BLM”) and are owned 100%.
* In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.
* In full disclosure, Shad is also a shareholder of Goliath Resources at the time of this recording.
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SILVER : Showing Strength!
GOLD: Basis September 2022 Low
AB(1:1.618)CD = 2560
Current Target
(Spot)
P.S. From me now on, ABCD means the former AB(1:1)CD as a default; AB(27.2%)CD means the former AB(1:1.272)CD; AB(61.8%)CD means the former AB(1:1.618)CD, etc.
LODE: somebody’s been buying.
First Majestic to acquire Gatos Silver, here weeeeeeeee GO!
Well, as a shareholder of Gatos Silver, I was hoping that they were eventually going to grow via making acquisitions, and not be acquired themselves for a mere 16% premium.
I’m not that excited to see GATO taken off the board so early in this unfolding silver bull market, and won’t be hanging around to let the shares convert over to First Majestic, because it is going to be far too big of a company now for my preferences.
Still, Gato Silver has been one hell of a ride from buying when it dove down into the mid $2’s and low $3s and seeing it get rerated back higher again into the $12’s here (with a $13 takeover).
The chart on GATO has been a thing of beauty, and shows that there have been companies that have bifurcated from the sector over the last couple of years and just kept on trekking higher….
Where are weeeeee going..???
First Majestic… should be interesting…. going to Mexico…
I bet in a few years… the Cartel will take over the plant in Mexico…. 🙂
Hi Jerry, that is a distinct possibility, and one that hasn’t escaped me. DT 🤣
Hello DT……..
thanks for the reply…..
oh btw……, I left you a follow up ,,over in the ORPHAN SECTION….
Hi Jerry, message received, over and out, little ORPHAN ANNIE! DT
🙂
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DOLLAR : Box Bottom Could Bust!