/biz/ - Business & Finance

>>30430430
Orezone Gold (ORE.v, ORCZF) already raised capital for its build, so it is set. They also just sold a tiny amount of future silver production for US $7.15M, which will fund exploration during construction of the mine. The share structure is now 323M out and 362M fully diluted. The current market cap is US $240 Million. As I noted a little over a month ago after Orezone raised capital, I had potential value of the company at US $1.2 Billion at $2000 Gold. Factoring in dilution, the stock still has 4x upside potential from here. The potential production expansion to 200K oz Au/yr is not factored into that value and enhances the upside potential. First production is anticipated by Q3 2022. Three years from now if Gold has broken out, that production expansion could become a reality. If the stock corrects (C94c close) down to C80c then the stock has 7x potential over the next three years. We should also note that at $1750 Gold, capex on the project would be repaid in less than one year. Bombore is a strongly economic project that isn’t affected by the drop in Gold.

Right now, if I had to rank the companies I have the most confidence in, the top 5 would be (in no order)

Rio2, Minera Alamos, Liberty Gold, Osino Resources and K92 Mining.

Watch List:
>Tier 1- Integra Resources.
>Tier 2- NewcoreGold, Maple Gold Mines, Chesser Resources, Idaho Champion, Norsemont Mining, Kore Mining, RoxGold, Treasury Metals, Matador Mining.

>>29141282
....I just like looking at people's stacks dude

>>28146556

>If a position drops 20% below your buy price, you should sell it.


A 20% loss on a 5% position limits your portfolio risk to 1%. Cutting losses quickly is very important wisdom that has been passed down for decades by traders and investors alike.

And more importantly, in the junior mining sector 20% losses can become 50% losses
which can become 70% losses. Many of these companies don’t have value they can fall back
on. When a company does not earn money, value is subjective and the market’s perception
can change quickly.

There is only one time this rule hurt me. That was in December 2015 when I was stopped out of a position and then it went up over 300% with the sector.

The only time this rule is going to fail you as if you have really bad entry points during a bull
market. The example is you buy a stock at the wrong time and it corrects 25-30% before
resuming higher.

One way to prevent this is to ask yourself if the stock could drop 20% from where it is. If
that’s the case then you should probably wait to buy, or (if you have fear of missing out) initiate a 2%-3% position instead of a full position.

This rule works because it keeps losses small and protects against small losses becoming
big losses.

Look at NAK, which /smg/ has been shilling recently. Had you bought at $2 dollars and held through though... RIP