People Access to Capital Project Pipeline … Simple as that in my opinion… Good people: Stewards of your money and will go for best “bang for the buck” Access to Capital: The ability to create value over time Project pipeline: The “event horizon” for value...
Continue reading » August 24, 2020 admin Gold & Silver Stocks, Horseman's Portfolio, Investing Strategies 1 Comment Time has value. An ounce in the ground is only valuable if it can be recovered economically. Thus, time to economic recovery is a big deal… What is the value of a project that is fully permitted, shovel ready and is worth $500 M on...
Continue reading » July 18, 2020 admin Gold & Silver Stocks, Investing Strategies 2 Comments I don’t need to hit a lot of ten baggers. I try to find cases where very little of any upside scenarios are priced in. If I am paying nothing for a project or target it can still be a 1:100 shot and I would...
Continue reading » July 15, 2020 admin Investing Strategies 1 Comment The following lines from Sun Tzu has stuck with me when I think about investing: 13. “He wins his battles by making no mistakes. Making no mistakes is what establishes the certainty of victory, for it means conquering an enemy that is already defeated.” 14....
Continue reading » July 4, 2020 admin Gold & Silver Stocks, Horseman's Portfolio, Investing Strategies, Uncategorized No Comment From Tao of Charlie Munger: We are in a pure commodity business which means miner gets the same price, more or less, for their products. The average miner will do well in the good years, but terrible in the lean years. All else equal...
Continue reading » May 25, 2020 admin Gold & Silver Stocks, Investing Strategies 1 Comment A quote from the poker movie “Rounders”: “Listen, here’s the thing. If you can’t spot the sucker in the first half hour at the table, then you ARE the sucker” It’s important to take in a lot of different viewpoints regarding any investment. Every...
Continue reading » May 12, 2020 admin Investing Strategies No Comment Anyone ever seen someone in the mining space recommend a book on value investing or investing overall? Me neither. Personally I consider investing theory to be much more important than knowledge of geology or mining engineering. … Think about it. I would say that the...
Continue reading » May 7, 2020 admin Investing Strategies 2 Comments Setting The Scene: Competitive advantage, mine life and market potential A gold mining company has the perfect moat and a closed market. There is always a universal buyer. No competitor can take away your competitive advantage (cost structure for example). Any mine’s margins will fluctuate...
Continue reading » May 5, 2020 admin Gold, Gold & Silver Stocks, Investing Strategies, Irving Resources, Lion One Metals, Novo Resources, Tristar Gold, Uncategorized 2 Comments It’s hard not to get influenced when seeing many bombed out stocks and even large producers go on an absolute tear from the “Corona bottom”. Some are up more than 100% and I can feel the very human urge of FOMO starting to set in....
Continue reading » May 2, 2020 admin Gold & Silver Stocks, Horseman's Portfolio, Investing Strategies No Comment An interview with value investor Mohnish Pabrai. In this interview Mohnish discusses how he approaches investing and the philosophy to his approach. Mohnish also talks about value investing and what a individual investor should do to beat the market.
Continue reading » April 27, 2020 admin Investing Strategies, Recommended Reading No Comment 
