I had a private message inquiring about Kaminak, so I decided to do another post.
Before I talk about Kaminak and the Yukon, I want you to know that I think the minimum value for NOT is $3. I bought at .67 cents so that would have been a nice return if I would have waited.
The only reason I sold is that I wanted to focus on Gold & Silver. I still like NOT as an investment and recommend it at this price.
I own 70 gold and silver mining stocks. Those are now my only investments. I even wrote a book on the subjec: How to Invest in Gold & Silver: A complete guide from an investor's viewpoint.
Kaminak is probably a low risk investment at $3, but they only just started drilling. It is impossible to know how many ounces they will find. The estimate "on the street" is 3-5 mil oz. If they find 2 mil oz, then the stock will at least double. Thus, it has nice upside.
I bought Kaminak because I wanted exposure to the Yukon. I also bought ATAC Resources. Now that is the stock with POTENTIAL. The have a large land position with many potential high grade deposits on it. Many people think ATAC will find more than 10 Mil oz. If they find one-third that much it will more than double.
As someone mentioned, the Yukon is on fire. The drilling that will take place there this summer will be amazing. By this time next year, we will know if it is still on fire. My guess is yes. The ring of fire has been a bit of a dud, but the Yukon appears to be the real deal. Google "yukon gold rush".
Newager