Do Analysts Like This Gold Developer Exploring the US Great Basin?
- •I've been watching the gold space for a while now, especially with all the inflation talk, and developer plays have always been intriguing to me.
- •The part about the "easy-to-mine oxide ore" really caught my eye.
- •They also mentioned the potential for resource expansion and the existing infrastructure, which are definite pluses for a developer.
Hey everyone, just read this article about Liberty Gold ($LGD.TO / $LGDTF) and their Black Pine project in the Great Basin: Do Analysts Like This Gold Developer Exploring the US Great Basin? I've been watching the gold space for a while now, especially with all the inflation talk, and developer plays have always been intriguing to me. It sounds like analysts are pretty bullish on this one, citing the low capex and operating costs, plus the location in a top-tier mining jurisdiction like Idaho. My own gold exposure is mostly through a couple of royalty companies and a larger producer, so I haven't really delved into the smaller developers due to the inherent risks.
The part about the "easy-to-mine oxide ore" really caught my eye. As some of you know from my previous posts, I'm trying to derisk my portfolio a bit since retirement isn't that far off, and I’m focusing on companies with clear paths to production and lower technical hurdles. The Great Basin does have a fantastic track record, and having a project in the US certainly helps with political risk compared to some other regions I’ve looked at. They also mentioned the potential for resource expansion and the existing infrastructure, which are definite pluses for a developer.
What are your thoughts on Liberty Gold specifically, or on gold developers in general in the current market? Anyone here have a position or done a deeper dive into Black Pine? Curious to hear if others are seeing this as a potential addition to their mining allocation, or if you think the risks still outweigh the potential rewards for a small-cap like this. Always appreciate the collective wisdom here!