Send, you'd get a better answer from Citrati on that question.
He does good fundamental DD. I used to own about 15 junior miners and 3 or 4 majors, gold and silver... when I was gung ho in 2010 as that market went surging, and I was still buying some when it was collapsing down a year and a half later, it was a terrible grind to watch the long slow collapse from 2011 to 2016... and I managed to average in ,up and down, and got rid of most of them close to break even but also lost a fair amount on losers that never recovered. They sit in my portfolio like broken down cars in the back yard... so I learned a few lessons along the way. Now, I only own 1 miner thats done well, PVG, but it just got merged with Newcrest, waiting to finalize. and I have 2 leftovers that havent completely died, but theyre still in a coma. and I own Sprotts Gold trust PHYS. I could buy some PSLV if the price drops into the 7's.
The junior miners and explorers are a lot like the baby biotechs, they soar up when they do, and get collapsed right back down, and they get hyped and theres a lot of passionate gamblers hyping their favorites, and I'm glad I got away from that circus a few years ago.
Since AVXL entered a new cycle of success this past year,Ive just focused most of my attention on that. I could be interested in a few more biotechs,and maybe a few miners if there are any exciting stories.
I think Citrati still likes Corvus. I think Corvus is very top heavy right now,around 3.30 and ripe for another big haircut.
AI
