Does anyone else think Scottie is undervalued right now? Pics shows recent drill results with more expected soon, was around $0.35 USD in Sept, now about 27 cents
Why? Barring a total collapse, miners will do well in almost any plausible scenario. Buy First Majestic, buy Barrick, buy Rio Tinto BHP and a few diversified miners, buy a few juniors, buy the UUUU meme and sit back and relax.
Josiah Stewart
That 2 Reichsmark coin looks like it was cleaned before re-toning. Makes me wonder who cleaned it originally.
>Barring a total collapse Yeah that's the point. Minerfags ITT like to sit around going "look at how well miners have done in the past when physical metal moons!" as if there's going to be anything but a total collapse at this point. What are you going to trade your shares for? Cash? Crypto? Other stonks? How are you going to turn any of those into physical metal once the price of physical goes so high that people are shooting each other in the streets for circuit boards and old TVs? Anybody buying miner shares hasn't thought through what they're going to do with them once the real bad shit starts coming down the pipe.
Brody Russell
no gold?
Sebastian Allen
I think my stack is pretty sweet for a new stacker if I do say so myself.
yes it is, its probably one of the best situated junior explorers in the golden triangle right now. Only a few others have milling sites and infrastructure within half an hour of their main target. also this
Even during the Great Depression, mines still operated, as well as even more catastrophic events like the Civil and Revolutionary Wars. You might have also noticed that mining operations are active in even the most dangerous and war-torn contemporary regions of Africa and Southeast Asia.
If you think society will break down so much that mining will be difficult or impossible, you will need to stack lead more than precious metals.
Aaron Johnson
Booooobaa
Samuel Martin
First majestic is currently in a legal dispute with the mexican government over taxes otherwise I would have bought in
Brody Nelson
I like my whores like I like my coins, dirty and cheap.
Thinking about pulling the stack out from the hidey hole.
It's been a while since I took a full photo.
Xavier Sanchez
I don't post stack pics here anymore b/c (((they))) save them to trick newbros into buying worthless mining shares
Camden Nguyen
So if the Mark of the Beast “vaccine” is required to purchase gold and silver, would you do it?
John Kelly
Thanks Pan Man, does it seem very likely another company close by like Ascot could buy them in the future?
Liam Fisher
You watch too many movies, that, or schizo YouTube channels. Nothing ever falls apart that quickly or completely, and like I said, if you really think things will get Mad Max-tier bad anytime soon, stacking silver should only be a minor part of your prepping.
Christopher Cook
I stack both of course. But your assumption that the only risk in miners is total collapse is absurd. You have: >counterparty risk >corporate fraud risk (see toronto stock exchange) >speculative bubble risk >lack of capital / initiative risk >political risk (nationalization) You have all the risk of a normal corporation and then some.
Henry Peterson
I'm looking to add a bit of platinum into my physical stack, is it even a worthy investment?
Noah Watson
The problem I have with miners is governments. Barricks is a Canadian company and considered a good stock to get, but the problem is the Canadian Government. They are increasing carbon taxes and pushing this save the environment crap, that increases mining costs. People keep voting liberals and I honestly think we are heading toward socialism/communism (all western countries not just Canada) and they might do shady shit like nationalizing mining companies to stabilize their currency.
Ethan Smith
in this case I think Scottie at the moment hopes to become an operating small high grade gold mine that they can ship ore to the Ascot mill for processing, which can than fund their exploration work of nearby territory around Premier and IDM Mining on the other side of the Portland Canal. It could be an option down the road, but its more likely they and other companies like Strikepoint will be making more money partnering with Ascot instead of a buy out.
Daniel Cruz
at current prices id say yes. Platinum should be at least as valuable as gold. Of course a lot of things should be true that arent.
Daniel Sanders
Unfortunately we’re headed towards a 1984 NWO/Tikkun Olam scenario more than a Mad Max one
David Moore
Point taken, but there are ways to mitigate these risks, the most obvious is diversifying geographically. Buy North American, Anglo/Australian and South African miners. If a region isn't available through your broker, buy some ETFs. Don't put all your money in just a handful of companies. Buy physical, too.
Physical is also kinda risky too you have to admit. If you bury it somewhere, someone else could find it: if you have it at your house, the burglary meme isn't entirely imaginary, and if you leave it with someone else now you have counterparty again even in physical.
Luke Martin
>copper
Big Congonigga copper katanga, 1.3kg. Their ores were so rich and plentiful that even the primitive retard locals eventually figured out how to smelt it.
Yep, bought Scottie and Ascot recently. Going to trade out of a few explorers soon and load up on ascot. For the most part though miners are all flagging or crabbing past flag breakout until we see silver and gold make their move. Accumulate now.
Carter Brooks
What will the Global monetary system look like in 20 years from now?
Like i ve said before, Canada's government is in the pocket of mining, and for the most part our miners also have major sway over our environmental regs too. The industry gets chastised all the time but the government ignores the bleating because the mining sector makes so much money in our financial and industrial sectors that they wont do anything unless its a major fuck up like Mt Polley a few years ago. Even than it ends up more on the provincial governments not the federal side.
Brody Hall
It looks good user.
Wyatt Ortiz
>1 post by this ID Don’t fall for the IRS honey pot
Julian Gutierrez
Guys I’m from the XSG thread. I got 10k in crypto but only 5 ounces of silver, started accumulating recently. How many is enough to feel comfy during mad max scenario so I have a goal to strive for? 100? 1000?
sounds smart, do you like Scottie's ground and upside more than Strikepoints?
Benjamin Brooks
Based stack user
John Sanders
It honestly isn't too hard to just imagine Canada as a straight up resource extraction colony rather than a full fledged state. I'm not saying that's bad, but it has saddened me to see my northern brethren slide into such a dismal state. In my youth, Canada was just Strange Brew and mounties to USA; now its unfortunately just Trudeau. All well, we can still strive for greatness, my continental kin.
And I feel super safe about investing in Canadian miners after reading all the endless flak they get and seeing that absolutely nothing happens.
I ve walked both bits of land and think there both great brownfield targets but Strikepoint has likely a larger under explored resource than Scottie at Porter Idaho however access is a pain in the ass. Scottie Resources access to their past producing Scottie gold mine and other nearby targets is excellent but their deposits are likely smaller but higher grade gold / silver.
Nolan Barnes
My personal advice is 200 oz of silver and the rest in gold, maybe make an additional 75oz silver of nothing but “junk” silver, or old US coins made out of 90% silver
