Gold or gold stocks?

Austwide said:

@wayneL " Here's an interesting question then... I've got coins that I've purchased way back in 1982 and have added a little bit here in there since then, but a little bit more serious buying since 2019. "

Check to be sure but no GCT pre 1983 purchases!! (maybe 85)

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finicky said:

@MrBurns I'm holding NST but its become too volatile lately for me to buy. Also it's too hard to value it when the Saracen merger happens, all the fundamental stats are all mixed up like the book value and ROE. The M.D of NST has been showing himself to be pretty greedy in allotting himself performance shares - I've gone right off him. It's not like he's risking his life in his occupation and he's enjoying the benefits of a bull market.

A lot of punters have come to grief backing Australian silver stocks. It's a field infested with charlatans who know their prospects will boom on speculation during rising silver prices, whatever the quality of their projects. One example is Macmin Mining which busted in the first silver bull and then reincarnated as Alcyone Resources by repackaging the same crap project (Texas silver mine in QLD). Alcyone then rapidly proceeded to hyperinflate their share issuance to pay management before busting in the second silver bull. Macmin/Alcyone were symptomatic of the 'industry', not an isolated example.

I've been investing in Horizon Resources (HRZ) for its W.A gold project and still have a partially filled bid for more @10c but HRZ also has an idle silver project called 'Nimbus' that has a chance of revival or sale. I haven't looked into it much.

"Horizon Minerals is the result of a merger between Intermin Resources (ASX: IRC) and MacPhersons Resources (ASX: MRP), which subsequently delisted in June 2019.
The emerging gold producer has exposure to silver by way of its 100% owned Nimbus silver-zinc-lead-gold project near Kalgoorlie-Boulder in Western Australia.
Nimbus is a shallow-water and low-temperature volcanic hosted massive sulphide deposit with epithermal characteristics.
It has a current mineral resource estimate of 12.08Mt at 52g/t silver, 0.2g/t gold and 0.9% zinc containing 20.2Moz silver, 77,000oz gold and 101,000t zinc.
Within this global resource, Nimbus has a high-grade silver-zinc resource of 255,898t at 773g/t silver and 13% zinc containing 6.4Moz silver and 33,000t zinc.
No recent activity has been reported for this project"

Another goldie explorer I have been accumulating is Kingwest Minerals (KWR) also near Kalgoorlie. They inherited mining licences within their tenements so don't have to go through the application processes. They are near a number of processing plants raising the expressed option of early contract mining and toll milling. They're on a richly endowed historic field where underground mining was halted during the WW2 years and pit mining ceased in the late 1990's during $400/oz prices

For silver I have a metal account with a dealer for the physical metal but of course there is no leverage in that. My equity exposure is limited. I hold some S32 which has magnificent silver exposure in two early stage projects but production is years down the pipe-line. S32 also owns Cannington lead/silver mine but S32 silver exposure is diluted by all its other mineral interests. I have also been buying Kingsgate Consolidated (KCN) which owns a 'shovel ready' silver project in Chile - Nueva Esperanza. But KCN is mainly a speculation on a litigation outcome against the government of Thailand.

I've talked about what I am doing because we can't make recommendations but also I can't resist warning against Australian primary silver mining or exploration projects when the topic comes up. The same dud projects are out there being repackaged to take advantage of the next crop of silver enthusiasts during the next silver craze

Silver stocks on the ASX: The Ultimate Guide

In this report on ASX listed silver stocks Small Caps covers which companies are exploring and mining the commodity, including a market overview of silver supply and demand.

smallcaps.com.au

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MrBurns said:

Money in the bank is useless.

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