Member Info for bonker99

Yeah me too @ 186p - nice de rigeur immediate fightback from the CRIMEX paper dump by Gold/Silver.

Tick tock.

Paper CRIMEX really going for it right now ...

go?

down.

Ya gorra lol - anything to try and save himself/his clients half a P on the buy order ;)

.

A de rigeur CRIMEX paper dump shocker :)

Make the most of those while they're still occurring however, they may be gone forever from July ...

Sure and that's such a dynamite combination re the Green revolution/infrastructure spending being spouted by all and sundry across the pond - there was barely enough Copper to go around two years ago ...

If this thing doesn't hit a $10b mcap in the years ahead I'll be amazed.

Oh and one more item re narrative/money swings from cryptos/stonks towards Gold:

https://twitter.com/bonker_99/status/1373228501692715011?s=20

CGT is much lower/non-existent on Gold/Silver depending on where you are in the world - including some parts of the US - certainly lower than the whopping CGT being postulated by Biden so, yes, in addition to the inflation narrative (which we all know is closer to 10% than it is 2%) you've got the prospect of Gold/Silver becoming very "retail" as people look to protect their profits from govts.

A heady ****tail that I expect to run for at least two years from here.

Afternoon.

Re Basel III - I expect Gold to start its move to c$2,350, and then $3k, post June 28th 2021 (ultimately $4,500).

Heading for $1,800 again now as I type.

Good info - thanks.

Probable reserves are nothing more than an educated guess of course whereas Indicated is much more likely to be the reality - I guess you may call it evens somewhat if you're swapping a 30% cut in grade with a 60% bigger resource, all depends on the financials of course.

Ultimately, even at the current woeful $1,500 AISC, if Gold moves to my expected target of c$2,350 later in the year then one year's production alone here would be worth the current mcap so you're right, grade is always king but so is market price ...

No mine is perfect :)

Been eyeing this waiting for a move - looking for upper teens/low 30s.

GLA

Nice full-ask buy @ 21.50.

These other holdings are indeed interesting as the cash builds here - if we want a bigger slice of those pies then presumably we'll be in a position to do so, at a price of course.

Interesting narrative on SM last night - crypto tax which put BTC under $50k and doubled CGT in the US.

That got a lot of PM people pointing out that CGT is much lower/non-existent on Gold/Silver - this is a very, very nice narrative build for PMs going forward IMO + inflation of course.

Trouble is you can make the same arguments re grades/cost etc at most/all of the big PM/Copper miners, not just at HOC. I'm spreading my money around big uns (except FRES - that's a huge mcap already ...) and some smaller producers/junior explorers.

Not sure where these "many people" are that you keep suggesting think the Silver price will fall.

Interesting to see BTC crater last night as the threat of high crypto taxation plus doubled CGT was doing the rounds with the PM crews pointing out that taxes on PMs are much lower/non-existent.

In a high tax, high inflation environment, which is surely the future for the forseeable, I don't see how anything priced in Dollars, or seen as an inflation/taxation hedge ala Gold/Silver can fail to rocket in the coming months/years.

This is all very, very promising narrative for PMs - and it's the narrative that counts in this game.

Solid!

That's a belting IRR in a safe jurisdiction and who doesn't like Silver right now?

Sold buying here - one big one left I would imagine.

It is what it is - if you're a believer then it's just another opp :)

a chuckle at the numbers theories then just spotted these monster trades:

21-Apr-21 21:47:00 2.40 2,640,825 Buy* 2.35 2.40 63.38k O
21-Apr-21 21:47:00 2.42 2,500,000 Buy* 2.35 2.40 60.50k O

Who posts trades at 21:47 at night then?

East or West? ;)

Like HOC & HUM et al, if there's nothing unexpectedly grim reported then in the current macro environment a gold miner is a buy for me, particularly if the price has been pulled down recently.

GLA