I’ve Once Again Added To My Liberty Gold Position

I’ve Once Again Added To My Liberty Gold Position

I bought some more shares in Liberty Gold (TSX – LGD) today.  It’s moved my average purchase price up to $0.33 but it also means I own more shares in a company I really like.

Liberty Gold has a lot going for it: Oxygen Capital, Cal Everett, Mark O’Dea, Moira Smith, 3 nice gold projects in the Great Basin, and saleable gold assets in Turkey.  Speaking of Turkey, with Alamos Gold announcing receipt of a permit for the open-pit Kirazli gold project, the country has come to life from a geopolitical perspective.  This should bode well for Liberty’s desired goal of selling TV Tower and Halilaga.

Goldstrike in Utah is still Liberty’s featured project (first project discussed in their corporate presentation) but the property that really excites me is Black Pine in Idaho.  If completely drilled out, I believe Black Pine will end up being 3-5 million ounces of oxide gold.  There aren’t many big oxide gold deposits left in the Great Basin – the ones that do still exist are being mined out.  Gold majors are on the hunt for large oxide gold deposits in the USA and Black Pine will, in my opinion, eventually be owned by one of them.

Liberty Gold has been a quiet story for some time but that will change in the coming weeks – I expect Liberty Gold will be on everyone’s radar at the end of 2019.

Philip O'Neill
Philip O'Neill
poneill@mp1capital.com