Kerr Mines Inc (KER)

[goldenpolarbear]

« Rick Rule, CEO at Sprott US Holdings, gives his opinion on the best time to buy exploration companies!

“I would say to begin with that somebody who participates in these stocks needs to regard themselves as a speculator, not as an investor. Someone who is willing to take and accept real risk commodity prices themselves are risky and exploration is riskier. Still, that being said the reward is often very commensurate with the risk. The part about the exploration business that is really attractive to me now is as I say, well resource markets are soft, exploration markets are non-existent.

People regard bear markets with fear which is a mistake, people should regard bear markets as sales. If you went across the street here to Pacific Centre and walked through the Pacific Centre mall, you would be attracted to a store that said goods on sale, where goods on sales is a bear market. Bear markets are good and the exploration sector is unloved in fact, hated. Which means as a buyer you have very little competition for the goods which as a buyer is good for you.”

Well these Kerr Mines shares are definitely on SALE compared to what they will be selling at in early 2020! IMHO

http://www.b-tv.com/rick-rule-on-the-best-time-to-buy-exploration-cos/

« ...A new attempt is underway to revive the former Copperstone Gold Mine between Parker and Quartzsite. Martin Kostuik, President of Toronto-based Kerr Mines, Inc., told the Pioneer Aug. 2 that they believe this could be a long-term, lasting project for La Paz County. He said they are currently trying to raise $30 to $40 million in capital to get the mine into production.

The mine is located about five miles off State Route 95 between Parker and Quartzsite. It was operated by Cyprus Minerals as an open-pit operation from 1987 to 1993. In 2010, American Bonanza Gold Corp. tried to revive the operation as an underground mine. They suspended operations in October 2014.

Kostuik said the previous owners of the mine took on a lot of debt they couldn’t repay. They merged with Kerr and the debt was restructured. There was no interest in keeping the mine open at the time due to the low price of gold in international markets. ... »

https://www.parkerpioneer.net/news/article_d84ae7e2-9a6a-11e8-a071-bb6ea4b32d84.html

https://kerrmines.com/