Dollar cost averaging is one of the best strategies ever devised yet for some reason I notice a lot people buy one big lot of juniors at their all time high and then whine for years. You can even modify dca to use some analysis of your choice to time purchases so that you maybe double your average purchases in a bear market (now) when the deals are excellent and halve them (or outright sell) in a bull market as you hold for the long term.
If you bought a million shares of MXSG in a single buy you could conceivably double the share-price. Don't do that.
MUX is also one of about ten stocks that forms most of my net-worth. All the recent time around .70 is pretty nuts. When you can buy McEwen without the McEwen premium you should do it. There was a period for years straight were I went through an awesome winning streak largely by following Rob. Everything and every explorer he touched would turn to gold and the stocks would surge and just his name in a PR would make a junior go into orbit. That's what happens in a bull. The same companies are now now priced at small fractions of what they were years ago while simultaneously their projects are now more advanced and should be theoretically worth more. This is the perfect contrarian storm.
So you can buy proven producers like Claude and make an easy 4-5x your money or you can decide to buy something that has a smaller of success but a higher payoff. If it doesn't make sense on a relative basis you should not participate. Mexus is like a rigged lottery ticket in my mind.
As for AUY I haven't followed them in a couple years but they were one my 08 picks I think around $4.XX a share. (I'd look it up but it is kind of depressing since the old online watch list portfolio went from one of the best performers on earth to one of the worst with the rise and fall of the commodity saga since 2008.) Obviously there is time to get in and out and time buys and sells accordingly. Doing one without the other is not going to make you rich. AUY is now half of that 08 pick, at $2 does that really make sense? Will the company survive? Can they make to better times to thrive? I don't know about the specifics but they have a high enough market cap that they most probably can. Then again I never imagined that ANV would go bankrupt.
Stocks like ANV and probably AUY are the kind that would soar if gold moved sustainably higher and when they do more QE after a couple of token rate increases over-indebted companies and marginal producers like lode will do well IMO.
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