Time has value. An ounce in the ground is only valuable if it can be recovered economically. Thus, time to economic recovery is a big deal… What is the value of a project that is fully permitted, shovel ready and is worth $500 M on...
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July 18, 2020 admin
Gold & Silver Stocks, Investing Strategies
2 Comments
I don’t need to hit a lot of ten baggers. I try to find cases where very little of any upside scenarios are priced in. If I am paying nothing for a project or target it can still be a 1:100 shot and I would...
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July 15, 2020 admin
Investing Strategies
1 Comment
The following lines from Sun Tzu has stuck with me when I think about investing: 13. “He wins his battles by making no mistakes. Making no mistakes is what establishes the certainty of victory, for it means conquering an enemy that is already defeated.” 14....
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July 4, 2020 admin
Gold & Silver Stocks, Horseman's Portfolio, Investing Strategies, Uncategorized
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From Tao of Charlie Munger: We are in a pure commodity business which means miner gets the same price, more or less, for their products. The average miner will do well in the good years, but terrible in the lean years. All else equal...
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May 25, 2020 admin
Gold & Silver Stocks, Investing Strategies
1 Comment
A quote from the poker movie “Rounders”: “Listen, here’s the thing. If you can’t spot the sucker in the first half hour at the table, then you ARE the sucker” It’s important to take in a lot of different viewpoints regarding any investment. Every...
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May 12, 2020 admin
Investing Strategies
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Anyone ever seen someone in the mining space recommend a book on value investing or investing overall? Me neither. Personally I consider investing theory to be much more important than knowledge of geology or mining engineering. … Think about it. I would say that the...
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May 7, 2020 admin
Investing Strategies
2 Comments
Setting The Scene: Competitive advantage, mine life and market potential A gold mining company has the perfect moat and a closed market. There is always a universal buyer. No competitor can take away your competitive advantage (cost structure for example). Any mine’s margins will fluctuate...
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May 5, 2020 admin
Gold, Gold & Silver Stocks, Investing Strategies, Irving Resources, Lion One Metals, Novo Resources, Tristar Gold, Uncategorized
2 Comments
It’s hard not to get influenced when seeing many bombed out stocks and even large producers go on an absolute tear from the “Corona bottom”. Some are up more than 100% and I can feel the very human urge of FOMO starting to set in....
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May 2, 2020 admin
Gold & Silver Stocks, Horseman's Portfolio, Investing Strategies
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An interview with value investor Mohnish Pabrai. In this interview Mohnish discusses how he approaches investing and the philosophy to his approach. Mohnish also talks about value investing and what a individual investor should do to beat the market.
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April 27, 2020 admin
Investing Strategies, Recommended Reading
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The typical stock does not have a direct finite supply of goods or services to sell. Microsoft can create an endless amount of software and will never run out of ones and zeros to meet demand. A gold miner does not have that luxury since...
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April 25, 2020 admin
Horseman's Portfolio, Investing Strategies, Irving Resources, Lion One Metals, Novo Resources
4 Comments
