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3 Exploration Stocks Erik Is Watching In BC

Cory댊
June 10, 2021

Erik Wetterling, Founder of The Hedgeless Horseman joins us to share a few stocks he is excited about, focused in BC and with near term drill programs coming up. The stocks he mentions are Goliath Resources, Eskay Mining, and Kingfisher Metals. Please let us know what you like/dislike about any of these companies.

Click here to visit Erik’s site – The Hedgeless Horseman.

Discussion
55 Comments
    Jun 10, 2021 10:53 AM

    Thanks, Erik. I have already doubled my money in Goliath and Eskay and am hoping they will be 10 baggers. I don’t own Kingfisher yet but do own Dolly V, Enduro, Strikepoint, Fury, Banyan, and Gold Terra which should make for an exciting summer in Canada. And then there is Labrador and NFGFF too in the east, and MUX and Pure and KL and Agnico. I hope Trudeau does not nationalize the mines!

      Jun 10, 2021 10:30 PM

      What are your thoughts on Strikepoint? I bought at the wrong time, so performance was always going to lag the rest of the portfolio but it still seems quite a poor performer over 2021.

      I’m not sure whether to trim some of the position and put into other juniors. Interested in your thoughts.

        Jun 10, 2021 10:12 PM

        I bought STKXF@ .18 and plan to hold it to see how the drilling goes this summer. I forgot to list White Gold and White Rock as holdings.

          Jun 11, 2021 11:11 AM

          I bought near the start of the year and then added more below 0.20, so I’m breaking even. I’m more annoyed at myself for buying a tranche in Jan. Live and learn as they say. Obviously news flow will be slow until drilling results but I was hoping to see a bit more buzz about the company and stronger share price performance. Although perhaps I’m being a bit unrealistic.

          I appreciat

          Jun 11, 2021 11:11 AM

          I bought near the start of the year and then added more below 0.20, so I’m breaking even. I’m more annoyed at myself for buying a tranche in Jan. Live and learn as they say. Obviously news flow will be slow until drilling results but I was hoping to see a bit more buzz about the company and stronger share price performance. Although perhaps I’m being a bit unrealistic.

      Jun 10, 2021 10:22 PM

      Speaking of MUX… It had a nice 12% pop today that I sold into.

      That takes me to 1 profitable trade, 1 wash trade, 1 trade at a loss, and now a 2nd profitable trade. It’s been a long journey with McEwen Mining, but I decided to book the win today, even though it has further to run. I’m moving some funds downstream into some earlier stage drill plays for the upcoming season, but will look to get back into MUX if we get a sector correction again.

        Jun 11, 2021 11:47 AM

        Interesting article today on SA by Laurentian, talking about Dakota Territory Resource.

      Jun 10, 2021 10:25 PM

      As for Dolly Varden, I’m happy to see that they just announced a 10,000 meter drill program and would like to see it start moving again soon.

      ___________________________________________________________

      (DV) (DOLLF) Dolly Varden Mobilizes to Commence Resource Expansion and Upgrade Drilling at Torbrit Silver Deposit and Exploration of New Priority Silver Targets

      by @newswire on 7 Jun 2021

      “The planned program will be split with 5,000 meters allocated to Phase I program of delineating and expanding the Torbrit Silver Resource and 5,000 meters of exploration drilling with the objective of discovering new deposits.”

      https://ceo.ca/@newswire/dolly-varden-mobilizes-to-commence-resource-expansion

    Jun 10, 2021 10:03 AM

    That’s one helluva list bonzo! I own all except Fury, Banyan and Terra (in BC). It’s easy to look at some who have already run and think the opportunity is gone. My ESK position is way too big in reality but I am too lazy to sell any. And I think it has some of the highest total blue sky potential around anyway.

    Gl to us 🙂
    /Erik

      Jun 10, 2021 10:28 PM

      We appreciate you sharing some of your stock picks with us amigo.

      May your trades be very prosperous, so that you can just lazily ring the register. Haha!

      Cheers!

    Jun 10, 2021 10:16 AM
      Jun 10, 2021 10:26 AM

      Down Goes Frazier…Down Goes Frazier…time to go the other way

    Jun 10, 2021 10:21 AM

    Erik, I just bought more ESK yesterday. If Quinton likes it enough to own 900000 shares he must really like it. It’s his largest holding after Novo. If they find another Eskay Creek they could be a 10 bagger still. DO you live on the Af Chapman? I spent 3 nights there in 1974.
    Took the train up to Abisko national park too. What a great place! Maybe there is gold there…

      Jun 10, 2021 10:33 PM

      Erik may be out panning gold their right now…. staking his ground to launch his new exploration company…. Hedgeless Discoveries 😉

        Jun 10, 2021 10:34 PM

        their = there

    Jun 10, 2021 10:21 AM

    It’s a good sign for the whole sector that SILJ looks so good versus GDX.
    https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=D&yr=1&mn=0&dy=0&id=p73537418145&a=961488305

    Jun 10, 2021 10:33 AM

    I posted in yesterday’s threads, so I will post again…Good drill results for GR Silver.

      Jun 10, 2021 10:18 PM

      Agreed David.

      GR Silver Mining Intersects 10,777 g/t AgEq Over 0.65 m at the La Colorada Vein, in the San Juan Area

      10 Jun 2021

      LCS21 -04

      9.0 m @ 946 g/t AgEq1, from 170.0 m including 0.65 m @ 10,777 g/t AgEq (8,519 g/t Ag, 18.77 g/t Au, 8.9 % Pb, 0.7 % Zn, 0.2 % Cu) from 176.9 m
      SJD-06

      6.9 m @ 467 g/t AgEq from 29.6 m, including 2.1 m @ 1,306 g/t AgEq (938 g/t Ag, 3.3 g/t Au, 0.3 % Pb, 0.7 % Zn) from 32.3 m

      https://ceo.ca/@newswire/gr-silver-mining-intersects-10777-gt-ageq-over-065

        Jun 10, 2021 10:09 PM

        The 10,777 Ag was an equivalent grade. It was actually only 8519g/t Ag.

          Jun 10, 2021 10:38 PM

          Correct. Their title said 10,777 g/t AgEq (silver equivalent).

          The whole outlined that it was 4/5 Silver, and 1/5 Gold, Lead, Zinc, Copper making up the balance, and those specific metrics were listed right after the 10,777 g/t AgEq. I post them again below for quick reference. It’s a narrow intercept, but was also just a part of a 9 meter section of 946 g/t AgEq.

          Here is that intercept breakdown 10,777 g/t AgEq = (8,519 g/t Ag, 18.77 g/t Au, 8.9 % Pb, 0.7 % Zn, 0.2 % Cu)

            Jun 10, 2021 10:40 PM

            whole = hole, but that was the whole breakdown of the hole. Ha!

    Jun 10, 2021 10:44 AM

    SILJ is above last summer’s high but not when priced in silver. It still needs to rise over 14% for that breakout (and that’s if silver doesn’t budge)…
    https://stockcharts.com/h-sc/ui?s=SILJ%3ASLV&p=D&yr=1&mn=1&dy=0&id=p39688216558&a=806574813

    Jun 10, 2021 10:45 AM

    A single daily close above .82 is probably all IPT needs to get moving.
    https://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=5&mn=7&dy=0&id=p41364281012&a=723321278

    Jun 10, 2021 10:21 PM
      BDC
      Jun 11, 2021 11:42 AM

      At least Gordon Brown sold Britain’s Gold (at lows) to the City/Rothschild.

    Vet
    Jun 10, 2021 10:48 PM

    ENDR drilling into what is thought to be the first IOCG deposit ever discovered in the Golden Triangle. When they hit …..

    Jun 10, 2021 10:41 PM

    RenMac Legends: A Conversation with Stan Weinstein

    “Stan Weinstein was the editor and author of “The Professional Tape Reader”, and the 1988 book “Secrets for Profiting in Bull and Bear Markets”, where he describes his 4-stage approach to security analysis. Stan has been actively engaged in the markets since the early 1960 and has been credited with some of the most important calls over the last 50-years, due in no small part to his rigorous process and stage analysis.”

    https://www.spreaker.com/user/renmac/05172021-podcast-stanweinstein

    Jun 10, 2021 10:46 PM

    Fireside Chat: Why #Uranium Investing is Now Different…

    Red Cloud 2021 Uranium Conference – May 17, 2021

    https://youtu.be/0iLKRy8OdZI

      Jun 10, 2021 10:50 PM

      Hedge Fund Behind Amazon-MGM Deal Amasses Big Bet on Uranium

      Wall Street Journal – By Joe Wallace – June 10, 2021

      “The hedge fund behind the Amazon.com Inc. -MGM Holdings Inc. deal has another trade up its sleeve: going big on uranium.”

      “New York hedge fund Anchorage Capital Group LLC has amassed a holding of a few million pounds of uranium, people familiar with the matter say, in a bet that prices of the nuclear fuel will recover after a decade in the doldrums. It is buying and selling uranium alongside mining companies, specialist traders and utility firms with nuclear-power plants, turning the fund into a significant player in the market.”

      https://www.wsj.com/articles/hedge-fund-behind-amazon-mgm-deal-amasses-big-bet-on-uranium-11623324178

        Jun 10, 2021 10:59 PM

        Grid Reliability Report Highlights Benefits of Pairing Advanced Nuclear with Renewables to Ensure Power Stays On

        #JDSupra – June 10, 2021 – Hogan Lovells (co-authors: Mary Anne Sullivan, Sachin Desai, Stephanie Fishman)

        “Many advanced reactor developers are designing their technologies to pair with renewables. A recent report from the North American Electric Reliability Corporation (NERC), the government entity responsible for overseeing America’s bulk power system, underscores the benefits that can be achieved through an advanced nuclear/renewable energy partnership to compensate for the intermittent nature of solar and wind power.”

        https://www.jdsupra.com/legalnews/grid-reliability-report-highlights-5714864/

    Jun 11, 2021 11:39 AM

    ‘CryptoPunk’ NFT sells for $11.8 million at Sotheby’s

    By Elizabeth Howcroft June 10, 2021 – Reuters

    “A non-fungible token (NFT) of a digital artwork called a “CryptoPunk” sold for $11.8 million on Thursday, auction house Sotheby’s said.”

    CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017. The one sold by Sotheby’s — “CryptoPunk #7523” — is of the sought-after Alien variety with blue-green skin, and wearing a medical mask.

    The work is in the form of an NFT – meaning it is authenticated by blockchain, which certifies its originality and ownership. The NFT is sent to the buyer’s cryptocurrency wallet; no physical artwork changes hands.

    “CryptoPunk #7523” was sold for $11,754,000 as part of the Sotheby’s online auction “Natively Digital: A Curated NFT Sale”, which fetched a total of $17.1 million across works by 27 digital artists.

    https://www.reuters.com/article/uk-fintech-nft-sothebys-outcome/cryptopunk-nft-sells-for-11-8-million-sothebys-idUSKCN2DM20N

    BDC
    Jun 11, 2021 11:56 AM

    Had to split Thursday in two: https://tinyurl.com/4nnha2vd
    Bottom foretold by HUI and XAU on Tuesday and Wednesday.

      BDC
      Jun 11, 2021 11:14 AM

      Thursday candles are bullish engulfments of the previous 5 PM trading days.
      Rates seem to be bottoming, as the dollar strengthens. How will Gold hold?

        BDC
        Jun 11, 2021 11:07 AM

        That should be “…4-5 PM trading days.” (HUI and XAU).

    Jun 11, 2021 11:23 AM

    10 day moving average on the daily and monthly showing explosive move up now and going forward. I think even if there is a drop many miners will show strength agasint.

    Impact breaking out good call matthew and many others seem to be getting ready that is for developers and small cap there time has come. Someone asked yesterday regarding usa.to which i don’t own but is sure seems like a bottom is in.

    good luck to all

    Now brixton needs a good kick in the butt and when it does its going to go pretty quickly imo.

    cheers

    Jun 11, 2021 11:07 PM

    We had some significant but hidden bullishness today in the form of silver rising 1.31 percent versus gold despite the fact that gold had a bad day.
    Silver:Gold just gave its first daily MACD buy signal in two months.
    https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24GOLD&p=D&yr=0&mn=11&dy=0&id=p55870838158&a=770101950

    Jun 11, 2021 11:13 PM

    IPT gapped up 2.57% today but bearishly reversed to finish the day and week below .75 which adds credence to my comment above, yesterday:
    On June 10, 2021 at 11:47 am,
    Matthew says:
    And a single daily close at .75 will probably tell us that .82 is about to fall.
    — — — — —

    It also avoided a daily MACD buy signal and gave up the pivotal 50 RSI(14) level. Still, I think the odds are good that next week will be positive.

    https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=0&dy=11&id=p16758973475&a=965407500

      Jun 11, 2021 11:26 PM

      I agree Matthew 🤞