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Gold/Mining/Energy : Shining Tree Gold Camp
ORFDF 0.0572-11.2%Oct 22 2:58 PM EDT

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From: sense10/27/2021 8:12:45 PM
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Current Shining Tree Gold Camp status: with it a given there's more work to do here getting things updated:

The quick take is that the Camp has been at least partially consolidated now, under three core owners...

Aris ALLXF / ARIS.TO at $1.27 today... now controls Juby and the surround area... but, also has the Marmato project in Columbia... a mine I know of as it was formerly one of Gran Columbia's projects... and they have raised $185 million this year while working on expanding its operations and resources...

Orefinders ORFDF / ORX.V now at only $0.05... controls a central package just west of Juby... along with properties up next to the Kerr Addison that justified Kirkland Lake in buying 10% of the company, and partnering with them in funding $60 million exploration in the Abitibi... that includes a property I once had an interest in... before it became Kerr's... and then Orefinders...

And, Platinex PANXF / PTX.CN seems it is the last man standing from among the dozen or more seekers from back in the "good old days" when the newly created Shining Tree Gold Camp... and this page covering it... were buzzing with activity...

Platinex at $0.025 is still looking for something interesting enough to make people pay attention... now looks like the only "pure play" of significance left in the camp... while all the others have more significant interests elsewhere... that perhaps making them the far better way to play it... as they've all got access to external sources of funding... that including...

IAMGOLD IAG / IMG.TO which also might be considered a participant... if you think it reasonable that we shouldn't ignore that the old SGX land package off to the west didn't disappear along with SGX... but that the whole thing was acquired by... and seems it is being kept intact by... IAMGOLD. And as it doesn't really fit anywhere else... and is on the same trend... midway between Juby and the Borden Lake deposit... ?

IAG now at $3... off the $5 high from last year in July... and bouncing off the $2.16 low from September 10th... has Yahoo saying its over-valued with a forecast of negative 19% in future returns... but also giving it a target of $3.30... matching its low in 2008... before it ran to $22 in 2011. But, it's not the same company now that it was back then... Yahoo has it losing a penny per share in Q3...

I've not been a huge fan of IAG, ever... but Cote isn't a throwaway... and I think the SGX land holding was and still is worth having... under-explored as it is...
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