Buffalo Gold Corp (fka BFG.U)

[silver100]

Yes I agree this is just the start of much more here with BUF. I got in around these levels thinking so and was surprised to see it continue to drop from there, but we are back now and hopefully continuing up from here.

Regarding NJMC I was briefly in and out of it a year or so ago around 50 cents and that is about where they sit now too which is a bit discouraging. However it appears they've made quite a bit of progress developmentally since I last looked with a producing mine and exploration potential.

I really like the strategy to produce cash flow from their properties to further exploration and development of those properties to minimize dilutive financings. A nice pretty tight share structure with a low float due to insider holding.

I am growing a bit concerned about miners based on US properties however. A possible Democratic Presidential win will do nothing but hurt mining in the US in all sorts of ways. Also I think they need to prove much more resources before anyone will really take notice, but obviously one would want to be an owner of the stock before those potential results are released.

They say "gold is being produced from an underground mining and exploration operation at the Golden Chest, and a small open pit at the New Jersey mine." Do you know how much they are producing and at what cash cost? I'll need to look into the financials later.

I will keep my eye on this one though and take a closer look again.