by InterestingsBed
I invested in some copper stocks a few months back, and seeing how volatile it is recently, I feel like I should be worried with the money I invested on it. The prices are going up and down and with the demand for reviewable energy, everything’s going to be messier. There have been issues with the supply recently as well, especially with bigger producers due to issues with miners or because of the restrictions brought about by the pandemic.
Right now I have some I also have some Fortitude Gold (FTCO). They are a pretty small producer but has no debts and recently increased the monthly dividend they are paying 16.7% to $0.035 per common share, or $0.42 annually.
I also have Solaris Resources (SLSSF) which I got despite it being risky since it is an exploration. They have positive results with their drilling, and they recently started their maiden drilling at the Warintza South target, targeting the 4th major copper discovery. They also have a massive cash cushion and their cash burn is way under, plus they have about $60 million on the balance sheet right now. I also placed some on Comstock Mining Inc.(LODE), and their primary focus of the company’s exploration efforts are their projects in the Dayton Resource/Spring Valley as well as the Lucerne resource area.
I am not planning to invest on any anytime soon, since I feel a little anxious with all the investments I made seeing how volatile the situation is right now.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.
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