2020-10-16

Hits the Spot

Don't think I've mentioned this stock before: Goldspot (SPOT.V, GDDCF). They use BigData to find drill targets for explorers and miners. They are paid consulting fees and also take royalties on discoveries. I have a sizable position in this one. If their recent earnings annualize out, the P/E is below three, assuming no growth. This could easily trade north of a dollar if the market gains confidence in the earnings and growth.

Update: I moved the horizontal down from 30 cents to 27 cents, I think that's the more important area.

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