You need to buy a white board as well😊

I went long dry erase pens and shorted straight edges 😀

You guys crack me up 😂😂

@@MiningStockMonkey bro, you do a good. Thank you.

Best investing advice ever

Thanks for the suggestion!

Good question! I was looking at several different metrics: debt to equity ratio, interest coverage ratio, debt to free cash flow as in how long it would take to pay off the debt with current free cash flow

He did a video on them a few weeks back

The Hod moden mine

Used to be Wheaton silver .

It’s not that WPM is majority silver but it was almost 50/50 last I looked. Compare that to Pan American Silver which gets about 20% of revenues from silver, fortuna silver is even less than pan American, and then you have something like Hercules silver which is actually now a copper story. If you look at the deals that WPM is doing, they’re usually buying a silver stream on a primary gold or copper mine so it seems like silver is their main focus. I consider WPM to be the very best silver company you can buy. As for which companies will perform the best if gold made a quick move to $2700… it would likely be those with high cost mines, particularly those with some sort of additional catalyst like bringing on a new mine. I did a video on Iamgold not long ago and I said that it’s very very risky and a lot had to go right for them to do well. Since that video they’ve announced first gold pour (something finally going right for them) at their new cote mine and the gold price has gone up significantly (another thing going right). A high gold price will wash away a lot of their sins and they will do very well if we see a quick run up to $2700. Equinox is also a high cost producer bringing on a new large mine in Canada but they have 1/2 of their production hedged (meaning they get no additional benefit for half of their production above ~$2100 gold) which I don’t think the market realizes. So they’re not earning as much as people think right now. It’s also worth considering that this run-up to all time highs will likely attract the attention of hedge funds and generalist investors. When they come into the sector, they’re going to go to the biggest and most liquid stocks like NEM, GOLD, FNV, WPM, and AEM. After those run up in price then investors will likely start looking at smaller companies that haven’t run up so much like BTG. As the retail investor gets interested in the sector, don’t underestimate those with a big board ticker because a lot of them can’t buy OTC names if they’re buying from their Robinhood (or similar) app. I think the “GOLD” ticker (Barrick) will be particularly appealing to the novice investor buying from their Robinhood app. I think a memorable ticker symbol might be more important than many realize. Back during the Reddit silver squeeze, AG was the most popular silver company for that crowd to buy. They aren’t high cost producers and may not be the biggest winners but I think GOLD and BTG offer some of the best risk/reward odds in the coming months.

@MiningStockMonkey Wow! I'm impressed. As you can tell, I am a novice investor. Forgot about a miner's market presence. Do you have the informative on these companies mentioned about how their production is hedged? Or is this not easily obtained. With high gold prices coming, I'd venture to say that you would not want much gold hedged. I'll tip you for your great, lengthy response. And again, Tyvm. 😀

@@edhettwer7920 You might be relatively new to this sector but you do know enough to ask good questions. You can find this information in the annual MD&A but if you don't want to read 200 pages, you can search the documents for words like "hedges" "hedging" or "collar" to find the info. Regarding these companies mentioned, I believe the only companies with hedges are Equinox and Iamgold, with Equinox having significantly more production hedged than IAG. Equinox's hedges will be settled by the end of June and then they can finally get market price for 100% of their gold again.

@MiningStockMonkey Well, that's no time at all.in the grand scheme of things. But you think they will again add guard rails (hedging) at this point for safety? With the rapid pace of gold prices I see coming after a possible consolidation and pullback, I bet these 2 stocks will skyrocket.

There are a lot of ways that you could define the "worst" company and it hurt a little bit to give Ross Beaty's baby that designation. In terms of the quality of management and ownership EQX is far from being one of the worst. But the truth is that it's exactly the kind of gold company he set out to build. In his words he wanted to create a million ounce producer with a lot of leverage to a rising gold price. "A lot of leverage" typically means high cost mines and that's exactly what he has created. Watch what the share price does when gold has a big down day. EQX will be one of the biggest losers on the day almost every time. And the opposite is true when there's a big up day in gold, EQX is one of the industry's biggest gainers most of those days. Have you seen my video on EQX? Despite the debt and high cost mines I actually gave it a strong buy but that was when the share price was a couple dollars lower: kzfaq.info/get/bejne/ZrKXkpOYv73QfHk.htmlsi=9xzsUFMuzNqMuFK_

@@MiningStockMonkey Love Ross Beaty and EQX and you are spot on about the company. High costs and debt are a reality with EQX but it's still my largest gold mining position mainly because of Ross. Great channel, keep it up! God bless!

EQX is one of the highest volatility stocks in the gold sector due to their high cost mines. It goes up the most with increasing gold prices and it goes down the most with decreasing prices. That’ll change a bit once Greenstone is in production.

Thanks for watching and I appreciate the suggestion!

I wasn't familiar with it but took a quick look at the company... There are a lot of warrants and options and convertible debt and that potential dilution may be a headwind for the share price. Their balance sheet is in really rough shape with current debt far exceeding current assets, so bankruptcy is a real risk if they can't clean up their balance sheet fast.

I am at 35% loss.

Good question. In 2023, their silver revenue was $339M whereas their gold revenue was $644M which puts their revenue at a bit more than 1/3 silver (this is lower than I thought the number was, partially due to the huge expansions at Salobo which is a gold stream and partially due to a rising gold price). But with that said, compare it to Pan American Silver, who had about 20% of revenue from silver in 2023. Or compare it to Fortuna Silver who now has almost no silver reserves at all. If you follow WPM's deal flow, most of the streams that they're buying are silver streams.

@@MiningStockMonkey Thanks, that was interesting and I really like silver for the future!

@@MiningStockMonkey EXK is going up although they had losses🫤

My choice would be BTG

@@MiningStockMonkey thanks for your confidence! I have decided I won’t buy any but let it rise

Echo this. I have some GLDG and I thought it was a fairly popular junior.

WHEN, are they going to move? They basically underperformed the gold price the past 6 months

@@Dana-ie2bh that’s not how acquisitions work. Companies don’t just waive a wand and buy companies because they think the price is going to go up.

LOL, I think I-80 is going down because their biggest shareholder, Equinox Gold, is selling shares to pay down debt and fund their Greenstone expenses.

@@MiningStockMonkey Oh great..... I just bought more. So much I don't know behind the scenes. Perhaps I should ask you what the most attractive miners are as of today accounting for recent price runups. I want value with nearly no downside and with luck, much upside. I bet you like BTG. But that's more of a long-term play. I'm curious about undiscovered companies for short term upside.

@@edhettwer7920 Those with the least amount of downside risk are the royalty and streaming companies such as: WPM, RGLD, and FNV. There's a reason that these have performed very well in the long term and that's because they are very high quality companies. They're not cheap but they are worth every penny. I love BTG right now and I think it will go up in the short term as it has some catching up to do. Sure, I put it as a 3 year investment in my analysis that I did but that was so we could realize the full value of the Goose build. But with that said, we probably won't have to wait years to get paid in a rising gold price environment. I love GOLD as well as it's a very well run producer with the best producing asset portfolio and with the best pipeline. And it's one of the first places that generalist investors and hedge funds are going to look when they want to get into the gold sector.

Let’s focus on costs instead of debt. If company A produces gold at $1000/oz, they’re making $1300 per ounce today. If company B produces gold at $2100/oz, they’re making $200 per ounce today. Now let’s say the gold price goes to $2500… Company A increases the profit per ounce to $1500, but in terms of percentages they’re only making like 15% more. Whereas company B is now making 100% more money per ounce.

Appreciate it. Makes 100% now. Crazy concept to think about who benefits the most

@@MiningStockMonkeyCompany A is still the more profitable company. Focusing on percentages instead of absolute profit levels needlessly muddies the waters.,

That’s interesting. A weird way to think about it but it makes sense. I wouldn’t be upset if you dropped more videos like this.

He did in his past on NFGC. I believe a few months back. Reason enough to get into it. Shares are half the price a big investor paid to get in.

You can see my video on the company here: kzfaq.info/get/bejne/nsCBaJtzxN_Lk4k.htmlsi=CxAbAM8bMH8HIcKb

​@@Dana-ie2bhThere will be no rollover at current and higher prices on gold.

@@Dana-ie2bh Anything can happen but I think the world has awoken to the poor monetary policies of central banks. Even an oblivious lug like myself sees it. But commodities never always go straight up. Are you buying back NFGC under $3? Personally, I would hold some even here in case that retracement never comes.

@Dana-ie2bh Ya, I recall you predicted a rollover. Well, we got a little rollover in silver, but not much in gold. Yet, PM stocks got punished. Aren't PM stocks cheap here at these underlying base metals prices?

I believe that it’s still a very good entry point

Thanks! How do you feel of the political concerns at Mali and impact to btg?

@@edwardchan4577 The change in the mining code isn't good, however, it seems like there might be some positive changes coming after the Malian government found out that the changes in the code would substantially hinder future investment. Thankfully, regardless of whatever the changes might be, their Fekola mine is grandfathered into the old code. There are security issues in the country so that's certainly a risk but if you name any mining country around the world I can probably name some reasons why that jurisdiction is bad. There are problems with just about every jurisdiction but my biggest potential concern is the fact that 50% of their production comes from one mine. That number will get better in about a year but if that mine were to get shut down for some reason it would be an enormous blow to shareholders.

Given the jurisdiction risk, why would you prefer btg over nem? I understood nem is gonna dump all except T1 jurisdiction ones. Thanks for your feedback!

@@edwardchan4577 Yes, at the moment I much prefer BTG over Newmont. BTG is cheap, has big margins, low G&A, a lot of free cash flow, no debt, and significant growth coming soon.

Have you seen my video on BTG? I recommend watching it to learn more about the company: kzfaq.info/get/bejne/eZeUdqagm8CrZHU.htmlsi=1dmYmUe_oqE0gh3y

I saw it twice.I can’t sell at this ridiculous price.I plan to hold it till 26 and sell it at 10.😎. People told me,e AG is a trash.Well at present I plan to hold it .🙏

Only in extreme bull runs like we’ve had recently. Let’s say we’re in a long term bull market where the gold price goes up 10% per year, you’re going to do a lot better being in those low cost companies because the high cost companies will often see their costs rise faster than the gold price. If you stick with the low cost companies you take away most of your downside while maintaining ~80% of your upside. So on a risk/reward basis you’re much better off in the low cost companies.

@@MiningStockMonkey I recently sold all my IAMGOLD and got BTG... 😅

The fact that it’s gone up the least means it still has the most room to run so don’t be discouraged. I’m buying it to. Go check out my recent video on the company and you’ll see just how cheap it is.

@@MiningStockMonkey Im a bid fan of you and your channel. Haven’t heard you mention First Majestic. Is it on your radar at all?

Don't worry about BTG. They're solid and I'd own them way before I'd own Equinox. BTG will do very well in the next couple of years compared to others. There are reasons that it did not do well recently, and reasons that it will do very well over the next few years, but too much to explain here. You can bank on it. I did!

@@sharktoothdiver Thanks for the reply. What mining stock are you most excited about? Where else do you get stock info?

@@lon3918 There are too many answers to the question as far as where I get stock info, sorry. I subscribe to Silver Chartist and follow several other newsletters, but I do my homework on all of them. It's easy to get tips on stocks, but doing the homework is what makes you pick the right stock. Learn to do that, the rest is easy. Everyone has a favorite. I guess decades of picking and choosing what the right stock is after doing research and missing a few and choosing a few good ones all adds up to some success. Long term, take your time, be patient, be a contrarian, follow those who have done it well... Rick Rule, Lobo Tigre, etc. As far as what mining stock as I excited about, I gave up on trying to pick the next 10 bagger and am now settling (at my age) with the tried and true. You can't beat NEM, GOLD AEM, WPM, FNV, and don't forget the simple ETF's GDX, SILJ, URNM, URNJ, XLE, etc. Can't go wrong with a basket of several. But BTG will be fine in a year or two. I'm not sure I did a very good job at answering your question, sorry.