It has been a true blessing to become a close friend with the absolute most brilliant, humble, God-fearing man, I ever met in the financial arena, Mr. Michael Gentile.
He is making his Saturday morning email commentary available to those who send their email to – Saturday Morning Mining – saturdaymorningmining@gmail.com.
In today’s email blast, Michael included the following:
“More volatility this week in the Gold market but at the end of the week Gold finished off the week relatively unchanged from the prior week. Stocks regained their footing and outperformed the metal itself after a sharp selloff. Highlights this week included Agnico (AEM) stellar Q3 results where they generated $1.7B of FCF in the quarter and had AISC under $1400, to put that in perspective AEM at $4000 Gold is now generating AISC cash margins of $2600 USD per oz, which is 30% higher than where the Gold price would have been in 2020! With producers generating record free cash flow numbers it is logical to expect that we see an increase in M+A and that is exactly what we are seeing. Last week it was IAMGold buying Northern Superior for 375m and this week it’s Fesnillo paying 750m ALL cash for Probe Metals (PRB). With Canadian Gold price at 5,500 to 6,000 CAD I expect to see much more M+A to come.”
Radisson Mining (RDS) – More step out drill results – More solid results from Radisson this week with 13/15 holes released hitting above resource grade intersections ALL in areas where there is no current resource. With a 140,000 meter drill program in process and the company going from 3 rigs to 8 rigs. Canadian Gold prices between $5500 and $6000 per oz CAD and M+A heating up in Quebec this will be a very exciting 12 months for Radisson. Please watch the video below I did with CEO Matt Manson and Peter Grandich on RDS
https://youtu.be/nHjeAnUb5tA?si=hJSU4nYr1sX-FqIF
And:
From my mouth to your eyes and ears:
- For U.S. residents, the best metals and mining financial advisor I know and have an account with – JD Duyck jd@firstsecurities.com You should too!
- I continue to believe strongly in a Gold and also a Equity Index Annuity, both with 10% caps and no loss of principal. Serious U.S. residents only with a minimum of $100k investment can email me – peter@petergrandich.com
- In my entire 41+ year career, I have never been more bearish overall. I know my stance is not widely accepted and frowned upon by many. That’s okay, much of my success has come from traveling a much different road than the crowd. My theme song for this stance:
Please have a most blessed weekend – Peter
