Brien Lundin Commentary – Fri 4 Oct, 2019

Where to find the value in gold stocks

We talk a lot about how undervalued gold stocks are to the gold price but there are some stocks that offer far better value than others. Brien Lundin shares his thoughts on what fundamentals to look for in good gold and silver companies.

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Comments:
  1. On October 4, 2019 at 6:40 am,
    Matthew says:

    Kootenay Announces $2 Million Investment from Sprott Asset Management
    http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20191004:nCNWn8865a

    • On October 5, 2019 at 12:06 am,
      Excelsior says:

      Boom! Sprott and Sprott Asset Managment both involved now. Looking good for KTN. I added to my stake earlier in the year and have been impressed with how things have done this year, but this has been more an optionality play on rising prices as all their low grade ounces get repriced higher. However, I must give Kootenay credit on also targeting some other high grade drill hits lately to complement their larger projects.

      I wonder where this stock will be trading by this time next year?
      Where will Silver prices be at this time next year?
      Hmmmm….. šŸ™‚

      ________________________________________________________________
      ^^ From the news release linked above:

      James McDonald President and CEO stated, “We are happy to have initially secured the personal support of Eric Sprott and now separately, Sprott Asset Management LP. With this additional investment we are in a strong position to continue to aggressively move both our high-grade projects, Columba and Copalito ahead over the coming months.”

  2. On October 4, 2019 at 9:17 am,
    Matthew says:

    About 7 weeks ago regarding GSV…

    On August 15, 2019 at 5:54 pm,
    Matthew says:
    Iā€™m guessing that it will dip below $1.00 cdn before bottoming.
    https://stockcharts.com/h-sc/ui?s=GSV.TO&p=W&yr=7&mn=11&dy=0&id=p92941059724&a=682625070

    • On October 4, 2019 at 10:02 pm,
      buzz says:

      And then comes tax-loss selling

  3. On October 4, 2019 at 3:38 pm,
    David says:

    Another year when we are talking next year.

  4. On October 4, 2019 at 4:31 pm,
    Nigel says:

    I’ve decided to stop buying individual gold mining stocks because however much due diligence you do they seem to always find a way to disappoint. So for gold I’ll hold the physical and play the miners through ETFs. I thought this summed it up quite well https://www.youtube.com/watch?v=DfikBsjqVpc

    • On October 4, 2019 at 8:07 pm,
      Matthew says:

      One is no substitute for the other. Gold is the single safest asset on earth and gold miners are among the riskiest.
      Since its launch in May, 2006, GDX fell 79% vs gold to reach its January 2016 low. Since that low, GDX is up 69% vs gold and will continue outperform it for many years to come.

  5. On October 5, 2019 at 4:20 pm,
    Fritz says:

    Last week I sold my Marathon Gold shares and bought Galway metals. Their deposit in N.B. is said to be similar to the Valentine deposit in N.F.