Dryden Gold, large, high-grade prospects in NW Ontario
Given the highly volatile and uncertain Middle East situation, it’s a difficult time to think about investing in stocks, especially small caps. Many readers are worried about inflationary pressures across the economy, and the potential for an escalation in hostilities. Elevated oil/diesel/gas prices seem likely for months, not weeks. Yet, the S&P500 index is down just 6.1% from its all-time high. Why is it so resilient? Defense & energy stocks are up meaningfully, while tech companies like Nvidia, Microsoft, Amazon & Alphabet (Google) are up modestly. I think high-quality precious metal juniors offer compelling risk/reward. Having said that, dozens are up 300%+ from 52-week lows, making those names harder to predict going forward. High-grade gold (“Au”) projects in the U.S. & Canada are ideally positioned to thrive in today’s chaotic world. The following table shows the more bullish Au price targets by reputable firms, (not perennial gold bugs or online coin shops)...
