Balancing the risk/reward of Timberline Resources, NuLegacy, and Eskay Mining

November 12, 2020

Erik Wetterling joins me to outline 3 stocks that he is a shareholder of and are waiting on drill results. I weigh in with some points of caution on each stock. The companies outlined include Timberline Resources (TBR.V), NuLegacy Gold (NUG.V), and Eskay Mining (ESK.V).

Please let us know what you think of the companies discussed.

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

    Nov 12, 2020 12:07 PM

    Mr. Wetterling:
    Not into Timberline and Eskay but do own NuLegacy. Appreciate highly your comments, particularly those about the quality of the management. Also, if they hit targets that encourage further drilling……it implies this could be a long-term holding. I’d take that, even though we all should remember, ownership of NuLegacy is highly risky.
    Also, if one looks at comments on KER today, it’s obvious that politics and conspiracies are what runs this page and no matter how good the interviews are on mining……….it’s not timely with a certain crowd. Thanks again.

      Nov 12, 2020 12:29 PM

      Thanks for your comment SilverDollar. I see all the political comments as well. To give you some background we still have more than 4 times the unique visitors to the investing segments. Unfortunately the political comments scare away the investor comments. I love all of our audience so I am continuing to post a politics post in the morning to keep all those comments separate.

      I receive upwards of 100+ emails a day from all of you so please know that people are interested. They have just been scared away by the political and conspiracy comments over the past couple years.

      Please email me if you want o discuss any companies or really anything.

        Nov 12, 2020 12:03 PM

        Well Owl set it up……You are running a secret web site…..looks like to me,
        I thought we were helping with the hits…….
        So, guess what, … contact from now on…..
        Thanks for sharing all the info. and question…….

          Nov 12, 2020 12:45 PM

          Hey Jerry, keep commenting on whatever you want. We simply needed to get the political comments more concentrated to one post. I hope that all makes sense.

          Have a great rest of your evening.

            Nov 14, 2020 14:22 PM

            Remember…………I suggested that…….. lol…..

        Nov 12, 2020 12:46 PM

        Excellent comments Cory.

        Nov 12, 2020 12:26 PM

        sorry, but that is simply an unsubstantiatiated inflammatory response to nothing specific

      Nov 13, 2020 13:20 PM

      Thank you SilverDolllar!

      I did a piece after this interview where I go through my case on NUG and ESK from a mathematical stand point:

      Best regards,

        Nov 13, 2020 13:22 PM

        Thanks for the direction. I accessed and am somewhat brighter about the prospects of NUG now. I like the risk. Sounds like a lottery but with far, far better odds than Powerball. And remember, if Bonzo’s dream comes true so will our! Have a good weekend Sir.

    Nov 12, 2020 12:08 PM

    chen lin talks to TLRS…..timberline resources

    Nov 12, 2020 12:13 PM

    Thanks, Cory, for this interview as I own NUGLF and ESKYF, as well as AUIAF, FURY, BYAGF,, CBGZF, CNRIF, YGTFF, IRVRF, KUYAF, LOMLF, NFGFF, PREIF, TSGZF, Eloro, and WHGOF. Surely one of these will find the Bre-X size bonanza that will make me known as Bonanza Bonzo.
    And pray that Commie Harris won’t tax it all away for reparations.

      Nov 12, 2020 12:47 PM

      The idea that anyone is responsible for the deeds of their ancestors is idiotic so those pushing for reparations are nutjobs and/or unethical political hacks.

      As usual, Hans-Hermann Hoppe is right:

      “What is true, just, and beautiful is not determined by popular vote. The masses everywhere are ignorant, short-sighted, motivated by envy, and easy to fool. Democratic politicians must appeal to these masses in order to be elected. Whoever is the best demagogue will win. Almost by necessity, then, democracy will lead to the perversion of truth, justice and beauty.”

    Nov 12, 2020 12:44 PM

    A vote opposing democracy Mathew?

    If it is I agree, people should be informed before an opinion gets counted, and the “masses are” ignorant.

    I like monarchy, the kids are raised to rule and its the least bloodshed.

    I like Gretsky for king of Canada, anyone that can score 92 should be king and king wayne has a nice ring to it.

    Nov 12, 2020 12:35 PM

    Silver of the Week………..Silver Eagle MS 70…..1994….. $4000… 🙂

    Nov 12, 2020 12:59 PM

    Guess what…… is Friday again…….let’s see what happens…. 🙂

    Nov 12, 2020 12:31 PM

    Why all the sighing and gesturing like as if gold is still $1,300 and silver is $14??? We are in a P M bull market where even the pigs will fly. Ask Bob Moriarty. Either you believe in the bull, or not.

      Nov 12, 2020 12:59 PM

      Running the same algos for the last 4 months while eroding my account wears you out. I would prefer a more aggressive bull market rather than 2 months “up” every 4 or 5 years and the rest of the time just insider manipulation.

    Nov 12, 2020 12:40 PM
    Nov 13, 2020 13:23 AM

    I’ve been adding small amount to miners on gold down >$30 days. Ratio of miners to gold making lower highs and lower lows does not inspire confidence. I’m not sure when a bull flag turns into a short-term bear trend, ⇲⇲⇲

    Nov 13, 2020 13:02 AM

    Re: Timberline Resources – Isn’t this the ultimate Lifestyle Company? Please look at its chart! At one time it was trading at over $62.00 a share and management changed and now it is a penny stock. Has the management changed again? I hope it goes up so I can recover some of my loses but unless management has been replaced I urge caution. They are just doing a bit of drilling to pull in dollars to pay their salaries.

      Nov 13, 2020 13:14 AM

      By-the-by, I bought a few shares for around $10.00 US a shares back in 2011 and stupidly held onto it for a long ride. So,,,,,, to hear somebody talking about them again was a bit of a shocker. If it is the same management team they are not to be trusted.

      Nov 13, 2020 13:08 AM

      That $62 is the result of dilution and share consolidations or “rollbacks” because Timberline never actually traded at even $10, let alone $62. Jaguar Mining shows a high of over $12,000 per share for the same reason and it probably never traded above $10 or $15. It’s lucky for such managers that incompetence isn’t usually a crime.

      I stopped following it years ago because of the people running it (into the ground) but now I see that it has new management so you just might get your money back.

        Nov 13, 2020 13:04 AM


        Thanks! I got the $62 number from the chart – is there a site that lists the actual price and leaves out all the “stuff”? All I know is Schwab says I paid about $10 a share. I kept it because I like the location and to remind me not to be stupid. When it woke from the deal early this year I bought a chunk of it hoping to dollar cost my way out of my earlier mistake, I know good money after bad. I still like where it is so maybe in the end I’ll come out ok!

        Thanks again –

          Nov 13, 2020 13:06 PM

          Mike, under the circumstances, I don’t think the “good money after bad” comment applies. Again, I can use Jaguar as an example. I bought it for the first time in 2016 because it had become essentially a different company and I think there’s good reason to think the same about TLRS. So, I do not think it was unwise at all for you to buy recently.

          I doubt that there’s a way to get the old prices that were really in play since that $10/share that Schwab shows DOES reflect the price you need to get even with those old shares. BUT, I used to own it and happen to have some old statements that I printed out and they show that it reached $1.03 in early April, 2011. That’s when silver was topping at almost $50 so TLRS was probably less than half that in mid-2010. Based on my memory, I really don’t think it ever reached even $5 and that would have probably been in 2007 or 2008 after Peter Spina (GoldSeek) wrote it up several times.

          A Nevada junior gold with properties such as Timberline has can easily go crazy to the upside on hopium alone when this bull market matures but the speculative value of the properties are real and really good anyway so I’d hold with confidence if I were you, especially if your position isn’t big enough to cause you much stress.