To: TobagoJack who wrote (170569 ) 4/16/2021 11:25:40 PM From: sense Respond to Have reduced my list on PGEs and Gold to a smaller number... and have balanced it with a mix of scale in producers, near term developers , and underappreciated explorers with better than average potentials. If they're on my list there is a reason for it... which might be "very near to starting up a new mine"... or in the case of earlier stage companies... "a much larger than typical amount of gold" for a junior. For the explorers, same sort of thing... have to have some "kicker" to make them stand out... or at least be undervalued relative to what they have, with a high potential for "more" on the way... the high ROE producers from the prior list are here, too, with a few new ones added in that group. This article from December discusses Midas/Perpetua... but includes analysis of a good number of other "ready to build a mine" stage companies. The article isn't wrong in saying raising more money is "harder"... but do note it is wrong in mistaking that for a "cost" issue ? If you get 6.5 million or 33 million ounces or more for the investment made... with costs at lower than average production costs... that's a cost argument... and a scale argument...both of which matter... but you can't expect to get 5 or 30 million ounces or more... for what it costs to build a mine to dig up a measly 1 or 2 million... ? How much gold does Novagold have ? They're not done calculating yet. They're only a 50/50 partner in the Donlin Gold JV deal with Barrick...
