Here's 11 companies (5 old, 6 new) I think are due for a big year. Runs the gamut from micro-cap to billion dollar, from pre-discovery to producer. Gold, silver, uranium, copper, tungsten, and more.
West Red Lake Gold Mines just declared commercial production at Madsen. Very good group of people (Frank Giustra is associated). Operationally they are proving Pure Gold made fundamental mistakes although they built some good infrastructure. The mine is already proving more prospective than anticipated and I for one suspect very good things may happen as they go deeper, particularly into the ultramafic rock. Brownfield exploration is also paying off plus they have Rowan to add to producing assets relatively soon while leveraging milling capacity at Madsen. Might be worth a look for you if you haven't already.
Good call highlighting Contango Ore/Dolly Varden. That combination, albeit pending, looks tremendously promising again with very good people. The share price for Contango may seem high but they only have 15.5 million shares out offering incredible value if plans work out reasonably well, IMHO. With Rick at the helm I'm more than willing to bet serious value will be created with that set of assets employing the DSO model.
Respectfully, I'd invite you to do some more DD on $OKLO before pitching it to your followers.
The political angle might be pretty strong, but it's also a meme stock at nosebleed valuations without revenue, without credible tech and without a clear/realistic timeline. Even if by some miracle it all works out it's questionable if it should be worth more than it's current MC.
All of this doesn't mean you can't make money on it but just want to put this warning out there.
Thanks for this! I’m not overly familiar with it and as a tech pick it’s outside of my wheelhouse. Full admission that it is a fairly cynical/eyes wide open pick relying purely on its political connections and “right industry at the right time”. I was on the fence of including it as ITH seems like the clear political connections winner that’s still within my area of focus. Based on the chart alone other people have clearly had the same political connections thesis for some time.
I’m one to generally avoid meme stocks but in defence of Oklo - close political connections seemingly guaranteeing its eventual success is a pretty strong reason to run hard. There’s no way Palantir, for example, is remotely justifying its valuations but the chart is the chart and it’s run so hard and for so long for roughly similar reasons - deep political support and connections. But indeed Oklo is a more degen-ish/vibes-based pick than I usually prefer. I’ll maybe stick a fair warning to this effect with it.
This is one I outsmarted myself on. Saw it at 40 cents. Talked to the team. Liked the team. Results were great. Potential was obvious. But I got spooked at its proximity to residential areas. I’ve driven those roads and there’s quite a few residents in the immediate region to the conceptual open pit. And the fear of public resistance scuppering or even significantly delaying the project made me pass on it. Team was confident it wouldn’t be an issue (but then also of course they would be). My loss so far. If I could go back and tweak my approach I would have been comfortable with it as a discovery story as presumably any pushback that could delay the project would come closer to the development stage, not just a few holes or campaigns in. Oh well. There’s always another one. But otherwise, high-grade, near-surface copper highway accessible just a few minutes from downtown Whitehorse is an excellent story.
West Red Lake Gold Mines just declared commercial production at Madsen. Very good group of people (Frank Giustra is associated). Operationally they are proving Pure Gold made fundamental mistakes although they built some good infrastructure. The mine is already proving more prospective than anticipated and I for one suspect very good things may happen as they go deeper, particularly into the ultramafic rock. Brownfield exploration is also paying off plus they have Rowan to add to producing assets relatively soon while leveraging milling capacity at Madsen. Might be worth a look for you if you haven't already.
Good call highlighting Contango Ore/Dolly Varden. That combination, albeit pending, looks tremendously promising again with very good people. The share price for Contango may seem high but they only have 15.5 million shares out offering incredible value if plans work out reasonably well, IMHO. With Rick at the helm I'm more than willing to bet serious value will be created with that set of assets employing the DSO model.
Respectfully, I'd invite you to do some more DD on $OKLO before pitching it to your followers.
The political angle might be pretty strong, but it's also a meme stock at nosebleed valuations without revenue, without credible tech and without a clear/realistic timeline. Even if by some miracle it all works out it's questionable if it should be worth more than it's current MC.
All of this doesn't mean you can't make money on it but just want to put this warning out there.
Some more reading:
https://archive.ph/Wvfqr
https://www.valueinvestorsclub.com/idea/OKLO_INC/5662280496
https://www.valueinvestorsclub.com/idea/NUSCALE_POWER_CORP/4360470214 (about $SMR, but some of it applies to $OKLO as well.
Now maybe there's a credible long thesis out there as well, but I haven't seen it.
Appreciate the post btw, I'll take a look at some of the other names! :)
Thanks for this! I’m not overly familiar with it and as a tech pick it’s outside of my wheelhouse. Full admission that it is a fairly cynical/eyes wide open pick relying purely on its political connections and “right industry at the right time”. I was on the fence of including it as ITH seems like the clear political connections winner that’s still within my area of focus. Based on the chart alone other people have clearly had the same political connections thesis for some time.
I’m one to generally avoid meme stocks but in defence of Oklo - close political connections seemingly guaranteeing its eventual success is a pretty strong reason to run hard. There’s no way Palantir, for example, is remotely justifying its valuations but the chart is the chart and it’s run so hard and for so long for roughly similar reasons - deep political support and connections. But indeed Oklo is a more degen-ish/vibes-based pick than I usually prefer. I’ll maybe stick a fair warning to this effect with it.
I just wouldn't want anyone to invest in it without know what they're getting involved with! But like I said you can definitely make money on it.
The difference with PTLR is that they have an actual function product and revenue/profit. Oklo's tech is purely theoretical and nuclear is hard!
Have a look at Gladiator Metals.
Jim Dawson
This is one I outsmarted myself on. Saw it at 40 cents. Talked to the team. Liked the team. Results were great. Potential was obvious. But I got spooked at its proximity to residential areas. I’ve driven those roads and there’s quite a few residents in the immediate region to the conceptual open pit. And the fear of public resistance scuppering or even significantly delaying the project made me pass on it. Team was confident it wouldn’t be an issue (but then also of course they would be). My loss so far. If I could go back and tweak my approach I would have been comfortable with it as a discovery story as presumably any pushback that could delay the project would come closer to the development stage, not just a few holes or campaigns in. Oh well. There’s always another one. But otherwise, high-grade, near-surface copper highway accessible just a few minutes from downtown Whitehorse is an excellent story.