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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: LoneClone	5/30/2022 2:38:28 PM
	of 78405

WM, RIO Even as its share price continues to decline -- why didn't I sell a large portion of my holdings when it was over a loonie? -- Wallbridge Mining aka WM continues to define more and more gold minerlaization at their Fenelon gold project in Quebec. Last year they declared over 4M oz of gold in their initial Resource Report for the deposits on Fenelon. This year they are concentrating on developing more resources close to the existing resource envelope, including establishing underground access at Area 51, where both surface and underground drilling has been fruitful. This year's drilling has also extended the Tabasco and Cayeene zones at depth, and established the Ripley deposit a little further away as a strong candidate for growth. How much growth? We find out later this tear when the new Resource Report is compiled and published. In the meantime I continue to worry that the current low share price will lead to a premature (from the shareholders' viewpoint) takeover. Message 33862277 Worried that Rio2 aka RIO didn't get the permits for development of its Fenix gold mine in Chile in May as scheduled? IKN says not to worry, that everything was delayed a bit by the changeover to the new government, but other than that things are proceeding smoothly and they should get the permits soon. FWIW, I am not worried. And reading through Saville's latest, it is clear that he agrees with me that we have left behind last year's unabashed bull market in mining stocks. There are still good opportunities, but only if you pick the right stock run by the right people mining the right minerals in the right locations. I am doing my best to comply, as well as trying to force myself to sell some stuff and build up my cash reserve. LC

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