Analyst Visit to Orsa Ventures’ Quartz Mountain Gold Project in Oregon
We were pleased to visit Orsa Ventures Corp.’s (TSX – V: ORN) Quartz Mountain Gold Property located near the town of Lakeview in southern Oregon, close to the Nevada border. From the perspective of an investor, we were impressed with the advanced level of the project and potential to move it forward in the near future. As an Oregonian, we were gratified to see an important gold project in Oregon that may benefit the economy in an altogether overlooked part of the state. In October of 2011, Orsa optioned 100% of Quartz Mountain and an undivided 50% interest in a joint venture in the adjacent Angel’s Camp Gold Property from Seabridge Gold Inc. (NYSEAmex: SA, TSX: SEA).
Morning all !
Oh yes the morning after
Gotta love the action in the pm’s stocks, Dow pukes -300pips and the HUI is up small and my fav silver stock FR is up…and the silver market bellwether SLW is up….bullish!!
Imo, the fiscal cliff will come into play as soon as the MSMedia is allowed to start its focus…..and we all remember what happened when Eagen Jones was the first to downgrade US debt..July 2011…gold shot up from $1478 to its high (so far) $1923 = 30% in less than 60days…while the US$ rose 6 cents….history will repeat.
Stay focused fellow pm’s investors don’t react to MSM bullsh!t those with excellent track records these past 12 years continue to follow their lead.
I’m off back into my bunker as I only use the charts and two advisors, not street opinions, its a system that works for me, to each their own!
James(the lessor) be prepared to be just as miffed about not selling at $1900+ when you do sell and golds $2000+….ah the joys of investing.
Great forum Al has here, you guys are a good bunch, I wish you all continued success
My motto: Follow the Best Forget the Rest….its that simple
CHEER$!…..JJ
JJ – One thing I learned is to always look at the percentage not the price. I am miffed about not selling at $1900+ because in % terms if gold had gone to $2200 it is only a 15% increase. I do not need the last 20% of this gold bull. That’s how the pigs always get slaughtered. So if I decide to sell at $2000, and gold goes to $2400 that is 20% I left on the table – big deal. Always look at the percentage – not the price.
James I suggest you practice what you’ve just preached, atleast read it again.
Gold is down a mere 11% from its highs and yet your miffed???????
Look at the percentages-not the price!…..oink, oink (big grin)
I never look at % as I always have a goal inmind when that goal/target is reached I sell into that strength….how many that got destroyed in the dotgone days would have kept their gains using that approach, have a goal……
Good luck to you James…….
JJ – I need to be more clearer on my terms. Whenever I am talking about precious metals investing around people I also say “gold” as a catch all for both gold and silver. If I was 100% gold I wouldn’t be miffed. However I am very overweight in silver and that is down 37%! So yes I am practicing what I preach! I am only thankful I didnt buy at the highs like others who are slaughtered now. Nevertheless, just like at a casino, when you leave 37% behind that stings too! godd luck to you too JJ…
Hey Ralph- What do you say now? Never bet on the obvious.