Bob Moriarty of 321 Gold explains why he’s a believer in Scottie Assets, which owns 52,000 ha of prime floor in British Columbia’s Golden Triangle.
If the useful resource trade chosen a chicken to characterize mining shares as a mascot, I believe probably the most consultant must be the parrot. With 50 to 60 completely different writers of varied calibers, you’d suppose you’d be capable of select from 50 to 60 completely different opinions in regards to the financial system, gold, and numerous useful resource corporations. As a substitute you get 4 or 5 authentic voices and 50 or so parrots.
Investing at a revenue is straightforward. You can purchase when issues are low-cost, and it is best to promote after they get costly. Junior useful resource shares very in value by tons of of % from the low to a excessive in a median yr. Should you would settle for 20 % beneficial properties or 50 % beneficial properties or 100% beneficial properties regularly you would do fairly properly.
I’m going to present my readers a freebie. A few years in the past we had been in an identical long-term droop and quite a lot of shares had dropped 70 to 90 % and had been bouncing alongside at new yearly lows. Many had been below 10 cents a share.
We’re again there now.
I’ve been choosing up actually low-cost shares which were rode arduous and put away moist. I’ve purchased half a dozen which are beneath $.05 a share after dropping 90%. And there are various extra below a dime.
From Sept of 1929 the DOW dropped 89% into July of 1932. However between July of 1932 till June of 1933, whereas nonetheless deep within the melancholy, the market climbed 150% in a single yr. A whole lot of these juniors are so low-cost now and are going to have an identical rebound. Simply bear in mind to promote them at a revenue.
The standard of the junior gold and silver shares is increased than it has ever been. Many of the charlatans have been run out of the enterprise or are all caught up within the newest Bitcon rip-off. Assets are going to show as the general market drops to depths most buyers in the present day have by no means recognized.
Scottie Assets Corp. (SCOT:TSX.V) controls 52,000 ha of prime floor within the midst of the Golden Triangle area of British Columbia. Their major focus proper now could be the previous Scottie Gold Mine that delivered over 95,000 ounces of gold manufacturing from 1981-1985 at a median grade of 16.2 g/t gold.
The mine comes with a mining and manufacturing allow and an underground 200 TPD mill. Administration at Scottie intends to outline one million ounces or extra after which get again into manufacturing. Drill outcomes launched recently help their perception that there’s a lot extra high-grade gold left within the deposit.
On 14 January, the corporate reported tapping right into a collection of high-grade sheeted veins displaying in a single gap, 11.8 g/t Gold over 6.57 meters, 20.6 g/t Gold over 2.22 meters and 37.2 g/t gold over 3.71 meters. These holes are a part of a 14,500-meter drill program carried out in 2021.
Moreover on the 25th of January Scottie launched outcomes of ten meters of three.21 g/t gold 2.25 meters of 15.6 g/t gold and 0.75 meters of 46.3 g/t gold.
Scottie will not be a one trick pony. Along with the Scottie Gold mine, they personal the Georgia mission host to the previous producing Georgia River Mine with actually excellent outcomes from a 2020 drill program carried out by AUX Assets.
For a corporation persistently delivering such high-grade intercepts the share costs appears remarkably subdued with a excessive a yr in the past of $.30 and a value of $.16 in the present day. With any renewed curiosity in gold, I see the inventory going increased. It’s very low-cost in the present day contemplating how a lot gold they’re placing below their belt.
Scottie had $3.5 million in money on the finish of November, so I don’t suppose there will probably be any financing performed at these costs.
Scottie Assets is an advertiser on 321gold. I don’t occur to personal any shares however am nonetheless biased. Do your individual due diligence.
SCOT-V $.17 (Jan 28, 2022)
SCTSF-OTCBB 202 million shares
Scottie Assets web site
Bob Moriarty based 321gold.com, along with his late spouse, Barbara Moriarty, greater than 16 years in the past. They later added 321energy.com to cowl oil, pure fuel, gasoline, coal, photo voltaic, wind and nuclear vitality. Each websites characteristic articles, editorial opinions, pricing figures and updates on present occasions affecting each sectors. Beforehand, Moriarty was a Marine F-4B and O-1 pilot with greater than 832 missions in Vietnam. He holds 14 worldwide aviation information.
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