We’ll never buy at the precise bottom, but good companies at recent price levels were great values and should have been bought, asserts junior gold mining expert Brien Lundin, editor of Gold Newsletter.
I think prices are still far below where they will be when, and if, this rally continues as I expect. Meanwhile, here's a look at some our portfolio companies.
Collective Mining (CNLMF) continues to meet with drilling success on the Apollo target on its Guayabales project in Colombia. Hole 17 cut an impressive 628.3 meters of mineralization on the Main Breccia target.
The results point to a large zone of mineralization at Apollo. With room to grow with further drilling this target and this project continue to make Collective Mining a buy at current trading levels.
New Pacific Metals (NEWP) released a resource update on its flagship Silver Sand project in Bolivia. The update reminds us what a world-class resource New Pacific has on its hands with Silver Sand. According to the report, the project contains 201.8 million ounces of measured and indicated silver and an inferred resource of 13.0 million ounces silver.
There’s undoubtedly more to come, but for now the next big catalyst will be an upcoming PEA on Silver Sand. I think that report, due out before the end of the year, has the potential to wow the market. New Pacific remains a buy.
Metalla Royalty & Streaming (MTA) has increased its portfolio significantly by buying eight royalties from First Majestic Silver (AG) for $20 million in Metalla shares. The deal gives Metalla Mexico's La Encantada, a cash-flowing royalty, as well as four near-term silver development royalties.
With the acquisition, Metalla’s portfolio grows to 79 royalties, making it far and away one of the leaders in the precious metals royalty sector. The company is still a buy.
