Well we already talked about SIG's unwieldy share structure and the possibilities of trading that to our advantage. That said it is about the entire 30,000 m program underway, will this be higher in 6 months, a relatively short time frame? I say yes and I say it is a buy here at these .69 levels. Quinton specifically stated, don't buy SIG if you are going hole by hole. They have about 2 mil ozs prior to the 30,000 meters. They have mineralization at surface, they have high grade at depth. They have multiple RIRGS with successful drilling outcropping over more than a 5 km strike and a $250 million mkt cap.
There may be more leveraged plays with better percentage returns but I think SIG could do 50-100% in the next 6 mos , which would be a decent return on investment without a lot of downside risk.
Rak , Rakla continues to impress with excellent geology being revealed in the drills but is most assuredly a bet on first pass assays. I think at worst it will be a "technical" success that does not satisfy the market and at best it gets halted with great assays and then opens with a massive gap up. Risk tolerance is foremost on RAK. first assays probably within 2 weeks. and Rak bumped their meters from 4k to 5k
CPER is no doubt at depth on the first hole at Hydes,probably into the second hole, cashed up, just added a prestigious board member. The visuals in that system will be obvious IMO.
MOG . P.P. closed today, still dirt cheap enterprise value for rubbing shoulders with the biggest cu.au discovery in 30 years.$74 million mkt cap less about $25 million in hand makes their incredible well advanced property position at an enterprise value of $49 million. drilling in about 6 weeks, I think anticipation increases as drilling approaches. CHEAP. |
