Different Types of Stories

Below are some favorites of mine from different categories (advanced to earlier stage). In my opinion the junior sector is currently severely undervalued across all categories so it’s a smorgasbord for investors who can pick and choose bargains from any company one is comfortable with. In my opinion I think the vast majority of the portfolio should be in de-risked plays since that will guarantee that investors get beta (leverage to the gold/silver theme). Thanks to the current valuations I think investors get Alpha exposure across the board as well. In contrast, when valuations are high the beta leverage gets exponentially weaker and companies might trade with a negative Expected Return (negative Alpha).

These are not recommendations!

Developers/Producers 

• Novo Resources 
• Gold Mountain Mining
• Blue Lagoon Resources
• Maritime Resources
• Magna Gold
• Galantas Gold

Margin of Safety + Growth (Gold focused)

• Mayfair Gold
  • 2 Moz -> 3-3.5 Moz
• Rokmaster Resources
  • 2 Moz -> 6 Moz?
• TriStar Gold
  • 2 Moz, FS study on the way
• Montage Gold
  • PEA, 3 Moz -> ?
• Goldshore Resources
  • 4 Moz -> ?
• Defiance Silver
  • 1.8 Moz + silver + copper->?
  • PEA

Margin of Safety + Growth (Silver focuses)

• Dolly Varden Silver
  • 45 Moz Ag
• Golden Tag Resources
  • >200 Moz AgEq

Aggressive Growth (multi rig drill campaigns)

• Eskay Mining
• Eloro Resources
• New Found Gold
• Labrador Gold
• Cabral Gold
• Lion One Metals

Swing For The Fences 

• Altamira Gold – Mutum target
• Idaho Champion – Champagne target
• Goliath Resources – Sure Bet target
• Pacific Ridge – Deep target

Note: This is not investment advice. I own all companies mentioned and many are banners sponsors. Thus assume I am biased and do your own due diligence!

Best regards,

The Hedgeless Horseman