ONGold Resources released their updated MRE for their Monument Bay property today. With 2 million ounces (M&I) or 2.49 million including inferred, it’s underwhelming. This is even with a low cut-off grade of 0.20 g/t, assuming $3000/oz. For perspective, the historical resource was a three-million-ounce resource (M&I and inferred) at 1.15 g/t. Also disappointing: the
My rationale on becoming a shareholder of ONGold Resources, a gold-tungsten company developing Monument Bay and exploring its TPK project.
Post-VRIC Update, 2026 I went to VRIC on Monday afternoon. I don’t have much uninvested cash right now and I’m not looking to sell any of my core holdings, so I wasn’t scouring the booths for new potential positions. Still, I spoke to a few companies. Here are the updates based on my recollection. Disclaimer: This
A November portfolio update and discussion of decision to sell B2Gold shares. Other companies mentioned: FPX.V, ARE.TO, ARX.TO & KLD.V
I skipped MIF (Metals Investors Forum) but attended the Vancouver Resource Investment Conference this year. Below is my attempt to decipher my notes from the interviews I had. Disclaimer: This post contains forward-looking statements. These statements are based on my memory and rough notes, and as such, they may not accurately represent information about the relevant
VRIC 2025 Update – Regulus, Altius, Idaho Strategic, & Amerigo Read More »
I bought Cartier Resources in the summer of 2021. I was fairly green in the sector and bought on the assumption that the sale of their PEA-stage Chimo mine asset in the Abitibi was eminent. At the time, Chimo boasted about 1.6 million ounces inferred (I believe). My cost basis: 0.30c. I sold today for
Yesterday Cartier Resources (ECR.V) put out some fairly promising results from their VG9 drill target that included 11.2 g/t Au over 2 meters and 9.1 g/t Au over 1m. In a short video explaining the results, CEO Philippe Cloutier outlined the rest of the drill program for the end of the year which will compromise
Cartier Resources Update (Short Talk with Philippe Cloutier) Read More »
Lessons to be learned by a mining stock investor in reaction to Victoria Gold’s heap leach failure in late June, 2024.
Dodging Bullets in the Mining Sector (By Chance) Read More »
As my previous post explains, I came to the conclusion that Victoria Gold is an inferior horse to back for the current bull run in precious metals. I have switched to B2Gold, with a cost basis of around 3.77c. Reasons for investing in B2Gold: Above is the B2Gold five-year chart. I can get paid a
I sold my VGCX positions today for a meager gain. Picking a different horse for a gold miner, likely B2 Gold, but that’ll be in a separate post. Reasons for selling VGCX: Rick’s summary: In short, I surmise that VGCX is cheap for a reason: it’s a difficult mine to operate (weather, finding staff, smoke
