Highlander Silver (TSX: HSLV) declined by 2.44% today vs. the companies we warned you about Argenta Silver (TSXV: AGAG) declining by 7.95% and Blackrock Silver (TSXV: BRC) declining by 8.33%.
Although Minaurum Gold (TSXV: MGG) declined by 11.94% today its 14-day RSI is back down to a healthy 56.
Let’s see what happens to both HSLV and MGG when more drilling results are released. These are our two favorite high-grade polymetallic systems of this entire cycle… although Questcorp Mining (CSE: QQQ) and North Peak Resources (TSXV: NPR) are earlier stage companies that could have the potential to get themselves to the same level of HSLV and MGG in the future. QQQ is drilling right now, and NPR will begin drilling very soon.
NPR’s Executive Chairman Harry Dobson previously founded Kirkland Lake Gold the #1 most successful newly founded gold miner of the last 25 years.
Harry Dobson founded Yorkton Securities and ran the firm until he was succeeded by Frank Giustra.
Silver regardless of where it peaks this cycle, $50 per oz will be the new long-term base that it bottoms at.