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William Baker, CFA

 
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  • Just One Stock: The Gold Explorer Looking for 'West Africa in Nevada' [View article]
    Thanks!
    Feb 15 05:29 PM | Likes Like |Link to Comment
  • Just One Stock: The Gold Explorer Looking for 'West Africa in Nevada' [View article]
    Yes, Vuke, I agree with you. It has been pretty dormant, but we are aware of much drilling activity slated to start up. Not all will be proiductive as you know, but now a trickle of capital is being allocated - compared to nearly none previously. I still think it is extraordinarily hard for juniors to raise capital for drilling or to advance projects. One of the worst things for them has been bank demands for hedging based upon pretty low assumed gold prices. WIth costs like diesel and geologists rising along with the gold price, "hedging" has generally introduced greater risk, not decreased it, for it sets up a margin squeeze.
    Jan 8 08:52 PM | 2 Likes Like |Link to Comment
  • Just One Stock: The Gold Explorer Looking for 'West Africa in Nevada' [View article]
    Thanks. We like Nevada, and think its unique geological history means there could be some large deposits with high ore grades. Certainly Barrick and Newmont developed large mines of the sort only a few companies might rarely find anywhere. So it won't be easy. But we've barely scratched the surface, and may not have tapped in to some of the primary metallic flows that must have occurred long ago.
    Jan 8 08:46 PM | Likes Like |Link to Comment
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