- Sassy is a “Leveraged to the Mining Industry” Company priced at $0.16 per share on October 19, 2022
Hi everyone. I want to share that I added to an existing position in Sassy Gold (SSYRF)* I paid $0.135 for the shares with an order priced at the ask of $0.141. Link to a chart.
This has to be considered speculative by any measure, but I am not afraid of Sassy going out of business.
This is a legit statement: They are worth more dead than alive.
Sassy has positions in two strong gold and silver areas in the world. The Golden Triangle in British Columbia and The hottest gold rush area in the world in 2020 and 2021, Newfoundland. The story in Newfoundland has cooled off a lot in the last year or so, but the gold is still there. A rally in the price of physical metals will draw money back to these shares fast.
The way I am looking at exploration companies LOTM has an interest in, is:
- Can or will they survive? Yes, or they will get merged into another company, but I don’t see going out of business as even a low possibility. Therefore, I look at this as a when – not an if, money making situation.
- What is the upside possibility? So, look at market caps first and the price of the stock second. In Sassy’s and Gander’s case, as with most of these low priced mining stocks, a $9 million market cap (Sassy) can easily go to a $50 million market cap, in my opinion of course, when money flows back into these metal mining names. That is better than a 5X move from today’s price. 5X $0.14 is a $0.70 target.
Here is the media page for Sassy. The Vids are from earlier in 2022. So, none in the past week or month. The information is still valid.
- Sassy’s Market Cap is about $9 million USD. Tiny.
Sassy owns 40% (35 million shares) of Gander Gold (GANDF)* $0.171. Gander is trading at a market cap of $13.7 million so 40.0% of Gander is an asset valued at $5.95 million.
Sassy has the rights to 8 million shares of Galloper Gold. Galloper Gold is planning to become a public company. See Sassy’s leverage without borrowing money.
Sassy owns 5 million shares (18%) of Max Power (MAXX – CSE exchange) C$0.55.
I love the other cheapies put out in the post: LOTM: Five Tiny Miners that are Dirt Cheap
Not mentioned are Silver One (SLVRF)*, New Found Gold (NFGC), SilverCrest (SILV), and Gatos (GATO)*. When this group gets hot, and it will, money flows in the entire industry. I could keep naming names – the industry is so cheap and in general, very healthy.
When will this group move higher? When the US dollar tops out. Gold in any other currency than the US Dollar, is strong.
Gold, down for those of us in the USA, is a simple relationship to the USD$. I don’t know where the dollar is going or when in the short term, but it fluctuates. The global financial system is starting to crack. Bank of England, Credit Suisse and Deutsche Bank are examples. Respective governments will not let these organizations fail, but money printing will be the result. This is an additional reason for hard asset ownership.
When it (the USD$) comes down, Gold and metals in USD$, will rally.
I believe now is the time for those of us dealing in the USD$ to be accumulating commodities and especially the precious metals in whatever form you prefer. Physical, different stage and size miners or the royalty companies.
Gold and silver are not going away. They are time tested. I am, by the way, very positive on select Cryptos. If you only buy the top two market caps, Bitcoin and ETH, I think you will do well. Make it part of a plan to accumulate slowly but consistently. Think of it as a long term goal, but I think you will be pleasantly surprised within a year. Crypto by market cap link.
Have a great day I hope you are as excited as I am in accumulating the miners at the current prices!
Best always.
Tom
Written October 18, 2022, by Tom Linzmeier, for Tom’s Blog at https://lotm.substack.com/.
Accounts related to LOTM, and Tom Linzmeier can & will, buy or sell securities at any time.
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* An account related to LOTM holds a position in this security.
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