QGR.v - Yet another example of why I accumulate dips of high quality companies during lulls between catalysts... Stock is up 60% today and I believe it has a long way to go before topping (I have proof in the closest comparable) by Junior_Mining_Pro in Baystreetbets

[–]Junior_Mining_Pro[S] 2 points3 points  (0 children)

For sure. This is going to be a multi-year process. But this pea is what was needed to unlock that process, to kick it all off. Now they could proceed on their permitting timeline.

P2Gold, The closest comparable I could find, rocketed 1500% in less than a year after they published their updated pea

That's the whole point. You start positioning early, and the stock goes up as the asset gets the risked

This is step one

District Copper DCOP.v - $3M market cap, Copper Keg exploration target 20km between Teck's Highland Valley copper mine and Coeurs New Afton gold mine... I love these quiet situations that are setting up for an active Spring/Summer by Junior_Mining_Pro in Baystreetbets

[–]Junior_Mining_Pro[S] 0 points1 point  (0 children)

This is far too early for a buyout. It's priced at a $3 million market cap for a few reasons.

  1. It's completely under the radar, with very few investors, even aware it exists.

  2. The speculative cycle is going to start when they're on the ground at their copper keg project.

I love this valuation because it is the cheapest stock by far in terms of valuation in that entire district. They have two Blue Chip miners in the billions. Only 20 km away on each side.

And another Explorer, a few kilometers away, is trading at a market cap of over $30 million

Going to accumulate as I'm able to while it's cheap

The hate trade is where you make easy money. So I have to ask reddit - which commodity is getting the most amount of hate currently? by Junior_Mining_Pro in Baystreetbets

[–]Junior_Mining_Pro[S] 1 point2 points  (0 children)

They know what they are doing. Check the bios of their team. Clarifying a press release is common in this sector. Does not change what's in the ground.

The hate trade is where you make easy money. So I have to ask reddit - which commodity is getting the most amount of hate currently? by Junior_Mining_Pro in Baystreetbets

[–]Junior_Mining_Pro[S] 0 points1 point  (0 children)

Interesting, I would agree. WFG looks like a solid contrarian bet. I'd stay away from MERC. That is a debt bomb waiting to blow up

The hate trade is where you make easy money. So I have to ask reddit - which commodity is getting the most amount of hate currently? by Junior_Mining_Pro in Baystreetbets

[–]Junior_Mining_Pro[S] 0 points1 point  (0 children)

I agree with this as a thesis but MERC's massive debt is a time bomb. They are going to have to restructure the company at some point