Model pf update
This is not investment advice, I just want to see if I can beat the main mining indices over time by stockpicking.
The PF has done well, these are the old weights:
Cassiar gold SOLD
For reasons laid out in my writeup on them, the stock has wind in the sails and PEA will probably be good but I think there is more money to be made elsewhere, they are in the lassonde curve pit.
G2 Goldfields SOLD
Solid project, solid mgmt, I want to partake in G3 but I think the valuation is almost fully in here, maybe they can sell at a 20% premium or something. I will take the money and run, thank you mr market.
Medallion Metals SOLD
I like the project and mgmt but stock has been sluggish and it’s not cheap. Probably more value elsewhere, I might return later once I have done more DD. Their underground mine will probably have some growing pains but I think the Aussies can get it done.
RPX | BUY
I increase to a 33% holding, simply the best mining stock I know of. .
Regulus resources
Trimmed to 10% to have clean holdings
Mako mining
Long term hold, amazing and conservative company. Increased to 12%
Aping two exploration plays in Andina and KFR.V. Lottery tickets at 3.5% each.
KFR.V I am not a geo but I trust mgmt here and the stock is too cheap if you compare to peers, the porphyry might not be economic but I am in for a trade. Andina got something for sure.
Cerrado Gold
Still doing my DD but looks promising thus far. Bit of a stupid long position as I am not done with my DD yet.
Broken Hill Mines
Still doing DD but team seems solid, assets seem decent and it’s a nice district consolidation play
Cash 5%
New PF;
Market at closing prices 14/01/2026
I like USAU and Viva as long term holds but taking a bit of a shorter term view here. USAU FS might negatively surprise market and I doubt much will happen in Viva before they get their permits. I am still very long TLG.