RE: Weighting of Portfolio10 Jan 2021 08:06
I've invested in GGP, ARV, AZY and THR.
I don't see Newcrest taking GGP out. They have bought 70% of Havieron for $65m. This is a great deal for Newcrest. Will they pay $2.0bn for the 25% they don't own? I seriously doubt it. So upside for me in GGP has to be brand new discoveries and I'm happy to play this.
ARV is 18 months behind GGP. A friend of mine (geologist) told me that ARV's drill core at Nimitz announced in late Dec has identical alteration to Havieron and the gold is also hosted in the carbonates (not just the sulphides) so they actually do have good targets to drill in March/April. An obvious one to play in 2021.
I also like Antipa, Rio Tinto is drilling this one out in 2021. They may also come very good in March when drilling begins. Some good targets.
I had a look at Thor Mining's Ragged Range project which a few GGP shareholders are playing. Early stage, but also super cheap. Worth a small punt in my view. Looks similar to the Calidas Resources Warrawoona gold project.
My picks for 2021 are GGP, ARV, AZY and THR. I expect one of these will be a 10 bagger, the rest if they return min. 50% min will be very happy.
GLTA