Yes, miners are mostly very out of favor these days ...but I don't see that continuing during 2019 .. Tech is getting smashed of late, Cryptos going down the drain,
R.E future not looking bright as Capital Growth has hit the ceiling Vs incomes ..
All Fundamentals pointing to a credit correction of some size to wash away all the bad debts
junk bonds etc
I personally think Gold/Silver and other unloved commodities will be forced upwards on the cycle returning to real assets once again.
I'm sure we all remember Gold after the last GFC ..we see USD Gold make another run like that and AUD/USD stay around current levels and $2200oz+ AUD is on the cards
In IRC case we should end the year with around $8.7mill in cash + RWD shares $930k-1mill
(not including any extra funds from RM ..)
Goongarrie 2019 then Anthill 2020 TEAL camp/Binduli 2021-22 toll treatments should keep IRC cash balance healthy and large 50-60,000m drilling programs in place yearly till we have drilled all current major projects to known JORC reserves
I don't see any need for Capital Raising for many years esp if AUD Gold lifts margins higher and we see toll-treatment adding 10mill+ pa
How many explorers on the ASX can say that?
IRC Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held