Bought (relatively big positions)

  • Abraplata Resource Corp 
    • Silver explorer focused on Argentina
    • ~23 MUSD market cap
    • Flagship project: 81.3Moz Ag + 755Koz Au = 1.9Moz AuEQ
    • Significant shareholders: 13.7% Management, 19.9 Silver Standard
    • Comments:
      • Very cheap based on P/Resources,
      • Seems very underfollowed (My broker didn’t even have it registered until i asked them to add it)
      • High risk / high reward (Market valuing it as almost worthless)
      • Few warrants and significant insider ownership
      • No debt


  • Dolly Varden Silver
    • Main reasons for investment can be read HERE
    • High risk / High reward
    • 17 MUSD fully diluted market cap
    • After the latest additions it is my second largest positon by a slim margin
    • Comments:
      • Good jurisdiction
      • Very cheap based on P/Resources
      • Current CEO is the ex CEO of Orko Silver which was acquired by Coeur for about 260MCAD


  • Otis Gold Corp
    • Gold explorer with its flagship project located in Idaho, USA
    • 38MUSD fully diluted market cap
    • Significant shareholders: Management/insiders 23.1%, Agnico Eagle 9.9%
    • Comments:
      • Outstanding drill results (94.5m @ 4.21g/t Au, 128m @ 1.78g/t Au etc)
      • Heavy insider buying for months
      • Good jurisdiction


  • Osprey Gold Development Ltd
    • Gold explorer focused on Nova Scotia, canada
    • 6MUSD fully diluted market cap
    • High risk / High Reward (Valued as practically worthless)
    • Comments:
      • Neighbour of Atlantic Gold Corp (250MCAD+ developer)
      • No success what so ever seems to be priced in (that’s a good thing)


Bought (Starter positions)

  • US Gold Corp
  • Klondike Gold Corp
  • Metallic Minerals Corp (Finally came down in price from being pretty overvalued IMHO)


“Top offs” of existing positions

  • Orca Gold Inc (top 3 holding)
  • Impact Silver Corp
  • Americas Silver Corp


Trimmed positions

  • Novo Resources Corp (An already ridiculously big position turned into a nose bleed position after the latest run, but still #1)

Closing comments:

portfolio near all time high mostly thanks to the performance of Novo Resources. Currently looking at three additional companies that will probably end up in the portfolio.

Top 5 holdings ATM:

  • Novo Resources
  • Dolly Varden Silver
  • Orca Gold
  • Otis Gold Corp
  • Newrange Gold

2 thoughts on “Portfolio Update: Last Two Weeks Action

  1. $5 logos says:

    Thanks for the informative article. Are you on twitter?

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