Due to the number of companies I have in mind for this one, I’ll dispense with the usual preamble, except to say, gold is looking constructive on the charts (note the accumulation/distribution line), as is the GDX and the GDXJ. All three are holding their ground, and many of the companies I follow in the junior exploration arena are catching a bid, or are trading firmer.
Bad news for Aqua Metals (AQMS.Q) investors, because the stock price plummeted 43.4% after fire gutted their Nevada-based Aqua Refining plant Friday night.
Junior exploration companies—ExplorerCos, if you will—are high-risk propositions. It can take up to 1,000 grassroots projects to generate 100 targets worthy of a probe with the drill bit. Of those, perhaps five or ten will evolve into development projects. And of that small group, only one will become an actual (profitable) mine.
On June 19, 2019, the Federal Open Market Committee (FOMC) concluded a meeting leaving U.S. interest rates unchanged, but signaled their intent to lower rates in the coming months should U.S. economic growth grind to a halt.
The Golden Triangle of northern British Columbia – rugged, beautiful, forbidding – is a world-class destination for precious and base metals. Though the region has already given up some of the richest and largest mineral deposits on the planet, significant discovery potential remains.
Scandinavian ExplorerCo Boreal Metals (BMX.V) has been extremely active on the exploration front in recent months, despite the lousy market for all things micro cap.
Goldplay Exploration (GPLY.V): developing a significant silver resource in the prolific Rosario Mining District of Sinaloa, Mexico
I spend a good amount of time scouring the Junior ExplorerCo landscape looking for undervalued, undiscovered gems.
Bullion Street, Silver Bar Road, Gold Creek Lane, Mount Bullion Ridge Road, Gold Leaf Drive… These are just some of the street names in Mariposa town.