next young Barrick?!
difficult to TA this due to small timeframe. Appears to be classic broadening wedge pattern? With at least a relief rally in junior miners and gold, more likely that this goes topside.
fundamentally, lots of potential. Things I like (as a patient metals mining speculator with 3-5yr time horizon):
- US jurisdiction (Nevada)
- NYSE 'American' listed (what used to be AMEX)
- high grade AU (5+ g/t vs 0.5 g/t typical with major miners) - reduced fuel CapEx!
- unlike many juniors, growth potential to be a LARGE mid-tier producer
- just Ruby Hills site could have ballpark of 2.8M oz AU
- high potential for continued big drill result news for next 12-18 months
- self sufficient processing capability
- major underlying (literally) base metals potential (under radar now)
- for conservative 12-18 month valuation potential, think Arizona Mining buyout in '18 for 1.3B
Will I-80 2x by the end of this year? I prefer 10x within 5 years! Just my opinion...DYOR!
fundamentally, lots of potential. Things I like (as a patient metals mining speculator with 3-5yr time horizon):
- US jurisdiction (Nevada)
- NYSE 'American' listed (what used to be AMEX)
- high grade AU (5+ g/t vs 0.5 g/t typical with major miners) - reduced fuel CapEx!
- unlike many juniors, growth potential to be a LARGE mid-tier producer
- just Ruby Hills site could have ballpark of 2.8M oz AU
- high potential for continued big drill result news for next 12-18 months
- self sufficient processing capability
- major underlying (literally) base metals potential (under radar now)
- for conservative 12-18 month valuation potential, think Arizona Mining buyout in '18 for 1.3B
Will I-80 2x by the end of this year? I prefer 10x within 5 years! Just my opinion...DYOR!
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