They're not alone Allen... here's specialist in this space David Erfle's take on juniors and explorers today:
"Grassroots exploration is needed to ensure the pipeline has enough quality assets required to replace aging mines. The value placed on the earlier stage juniors has also been increasing recently, as they emerge as the primary source of new reserves for majors. While most grassroots exploration projects have been on hold for nearly a decade, gold's recent rise into blue-sky territory is bringing risk capital back into the sector.
With hundreds of millions of dollars flowing into junior explorers and developers since the COVID-19 crisis began, numerous fully funded exploration and development programs are now underway. I expect the news flow from drill results and corporate updates on these programs to increase in the fall.Once the first new major discovery is made, big money will move into high-quality junior gold stocks, enabling valuations to rise across the entire junior resource complex."
Again, to show this graphically, here's one of my fave charts:
Paul
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.242M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $28 | 7.071K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1084958 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 2645385 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1084958 | 0.004 |
11 | 6137112 | 0.003 |
2 | 2199980 | 0.002 |
3 | 4799950 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 2645385 | 6 |
0.006 | 2412490 | 3 |
0.007 | 1100000 | 1 |
0.008 | 450000 | 2 |
0.009 | 55000 | 1 |
Last trade - 10.04am 19/08/2024 (20 minute delay) ? |
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