Undervalued Gold & Silver Miner Canasil Resources
Diupdate
This is one of the mining companies at the top of my watchlist. ALO, AUMN, and SPAZF are also on that list.
Looking to accumulate shares while it is undervalued. I anticipate a “catch up” move will take place. Conservative estimates forecast handsome profits
Looking to accumulate shares while it is undervalued. I anticipate a “catch up” move will take place. Conservative estimates forecast handsome profits
Catatan
For the sake of having a well-rounded view, its possible CNSUF sells off towards long-term support at 0.02In the event that happens, I will make even larger purchases at those levels.
Even if gold sells off severely, I don’t believe we’ll see sub-$1000 gold. What I believe is more likely is that $1300-$1500 gold is here to stay and $2000 gold isn’t far away. When considering that that clearly isn’t priced in yet in CNSUF, its clear it has A LOT of ground to cover.
Catatan
CNSUF is priced as if gold is $1180-$1200.Catatan
ALO is no longer in my list of top miners. My favorites:
- NAK
- AUMN
- GPL
- FSM
- EXK
- CNSUF
- SPAZF
Trade aktif
No longer a fan of GPL or NAK. Nak is a pure speculative play. They need certain legislation passed to access their gold deposit. GPL is a similar deal and has severely underperformed the rest of the metals market. FSM has held up very strongly during this correction, as has EXK. AUMN has been volatile - which is to be expected - but has also performed very well. AUMN hit a 52 week low at 0.196 last week and has quickly taken back all its losses and is sitting at 0.27
Similar to AUMN, SPAZF & Canasil are riskier but also present impressive growth potential. I continue to own both in addition to EXK, FSM, and AUMN.
There are a ton of gold and silver miners out there and it can be tempting to want to buy all of them. Its best to keep your portfolio of miners lean, cut out the underperformers or the ones that pose excessive risk for the return, and only pick the absolute best ones for your situation.
For me, being heavily exposed to silver junior stocks is my preferred strategy.
For others, mainly having exposure to gold through PHYS or GLD or the broad mining market through GDX, SIL, or XAU may make more sense.
Catatan
$1700 gold should send this much higherCatatan
Getting ready to break out. Place your final orders now
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