The Backbone of Junior Portfolios

I own a lot of precious metals juniors but the ones that make up the backbone of my own as well as family portfolios tend to be companies with a resource and long runways. In other words they have margin of safety on paper and could grow internally for years to come. This makes them suitable for a “fire and forget” approach with the help of diversification IMO.

Some examples…

(Ps. The tiers are subjective obviously)

Tier 1 Size and/or Quality:

• Eskay Mining (Size,  grades)
  • Very speculative
  • >> 5 Moz potential
• Novo Resources (District/Region)
  • Amount of targets + potential of targets (Hemi, Fosterville etc)
• Eloro Resources (Iska Iska)
  • >500 Moz AgEQ potential
• New Found Gold (Size but primarily grades)
  • >5 Moz Au potential
• Lion One Metals (Size and grades)
  • 5-10 Moz Au potential

Tier 2 Size and/or Quality:

• Rokmaster Resources (Size)
  • >6 Moz AuEQ potential
• Goliath Resources (Size)
  • >5 Moz Au potential
  • Speculative
• Cabral Gold (District)
  • >5 Moz Au potential
• Defiance Silver (San Acacia + Tepal combo)
• Dolly Varden Silver (Grade)
  • 100 Moz potential

Tier 3: Size but lower grades

• Mayfair Gold
  • >5 Moz potential
• Goldshore Resources
  • 5-10 Moz Au potential

Note: This is not investing advice. I own shares of all companies mentioned and many are banner sponsors. Always do your own due diligence.

Best regards,

The Hedgeless Horseman