RE: Looking good for AAZ21 Nov 2020 00:59
I hear what you are saying CJ66 and yes I don't see gold sliding too much here with the amount of stimulus on the cards for the vaccine recovery phase. I hold a host of miners in my portfolio but in fairness they are all explorers at various levels of progress but all with excellent prospects so AAZ is actually my only producer but I like to get in early. The Conroy JV makes a lot of sense they have an excellent resource and I fully expect as phases are met during development we will be getting rewarded with large percentages of those operations for what seems like a tiny amount of outlay...I'm surprised we got so much for so little. That said with Conroys tiny valuation I also hold them as no doubt the pathway is clear to production and I'd expect a few mutliples of my investment which in turn will mean it likely overtakes AAZ in terms of a percentage holding in my portfolio. I do love a good mining prospect and feel POW, KAV, AEX , Bluejay, RBW, Amur and Conroy of course are an excellent combination covering lots of metals over all continents... and one 5 or 6 bag here from this group covers my cost of investments for all of them. Exciting times but I'm thinking gold wont be dropping below $1800 and is more likely to rise than fall in the mid term. Good Luck