Gold and silver running hard. Dollar breaking down. I feel like the guy in the commercial who stumbles into a backyard bbq. Where were you Bob?
I don't know, it was all white......... It was just winter, Bob.
Anyway. I bought OR.WTA.to, which are warrants on Osisko Gold Royalties. They have about a 2 year life and an exercise price of C$19+. Osisko, OR.to, is around C$16.61 so still out of the money BUT......
Osisko is the baby of the gold royalties companies. They have two excellent gold royalties for producing mines in the 5% range. Only about 30,000 oz total last year but climbing. AND they recently raised C$200 million so they have a kitty to buy more royalties. Also they are trying a slightly different angle to the big royalty companies. They are investing in select juniors directly to help them advance promising projects. This injects more risk into the business model but I think they are trying to fasttrack their production growth. Osisko is a major holder of Oban, which has been a rocket ship.
The other way I am attempting to participate in the metals rally is thru SLW. I have bought a few options on SLW maturing in the next month. So far so good but it was a LOOOOOOOOOOOOOOOOOOOOOOONG Winter.
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
