Gold-Silver Producer Advances Massive 60,000m Drill Program in Alaska, Canada
- •Hey everyone, just read this article about Contango Silver and Gold ( link here ) and their massive 60,000m drill program in Alaska and Canada.
- •My concern with some of these smaller-cap miners is always the execution risk, especially with such ambitious drill programs.
- •60,000 meters is no joke!
Hey everyone, just read this article about Contango Silver and Gold (link here) and their massive 60,000m drill program in Alaska and Canada. Honestly, it caught my eye because I've been eyeing the precious metals sector for a while now, given the current market volatility and inflation concerns. I've got a small allocation to gold ETFs in my retirement portfolio, mostly as a hedge, but I'm always looking for promising individual miners that could offer some growth potential. The mention of a "substantial cash distribution from the Peak Gold joint venture" is definitely intriguing and makes me wonder if this could be a good entry point for something a bit more speculative.
My concern with some of these smaller-cap miners is always the execution risk, especially with such ambitious drill programs. 60,000 meters is no joke! However, the fact that an analyst raised the stock's rating gives me a bit more confidence. I saw a few years back with another miner, I think it was back in 2021 when my daughter was still in elementary school, that a similar positive report really kicked off a good run for them. I missed out on that one, and I'm trying to be more proactive now. I’m thinking about starting a small position here, maybe just to test the waters, and keeping a close eye on their drilling results.
What are your thoughts on Contango? Has anyone here invested in them before or have any experience with their projects? I'd love to hear if you think this drill program is genuinely a differentiator or if it's just a lot of hype. Always good to get some diverse perspectives before making any moves!