Why Gold Is A Sure Thing In 2017 (SPONSORED POST)

Though Broadway is a brand new listing, as of late 2016 it’s already fully capitalized after two successful fund-raising series. The first phase raised US$900,000, and the second, US$2.1 million. The first phase was used for the acquisition and then second will be applied to an aggressive field program of underground mine rehabilitation, deep IP geophysics and surface drilling. They’ve already finished the Phase 1 drill program, and Phase 2 launched last week.

#5 Billion-Dollar Background

For small-caps, it’s all about management, and Broadway has a dream team that’s nothing short of legendary in the oil and gas and mining sectors. Chairman Duane Parnham spent his career founding and developing attractive resource-focused companies, including Temex Resources, Giyani Gold and Canoe Mining Ventures. He started UNX Energy as a US$2-million shell focused on offshore oil and gas in Namibia and raised US$60 million in equity against a US$6-million acquisition cost before he sold the company for US$730 million. After that, in 2011, Parnham started Giyani Gold, exploring in South Africa’s Giyani Green Stone Belt. Again, he turned a US$1-million start-up into a gold mine, raising US$9 million in equity and turning it into a US$350-$400-million market cap.

Junior resource companies with huge overheads and exorbitant consultant and management fees don’t last too long, but Broadway has a small team of experts with proven multi-million-dollar track records and they don’t need expensive consultants and they don’t believe in big overheads. On the contrary, they are a low-burn company with key figures who don’t need a day-to-day paycheck. They’re fully focused on adding value to an exciting project. And this company is truly motivated to get to the finish line first—that’s why it’s so closely held by insiders.

There has never been a more promising time in the commodity price cycle to get in on gold and copper, and as Trump continues to boost gold no matter what he does or how long he lasts, demand seems certain and prices brilliant. Broadway gets it.

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Charles Howard 3 years ago Member's comment

Thanks for the info on #Broadways. $BDWYF looks to be an interest play. #gold $gld

Barry Hochhauser 3 years ago Member's comment

#Gold always does well in uncertain times and there's never been a more "uncertain" president than #Trump!

Craig Newman 3 years ago Member's comment

Enjoyed this, thanks.

Gary Tanashian 3 years ago Contributor's comment

Also, IMO, the gold stock play is not so much about inflation as it is the unwinding of inflation. Although copper would obviously be an inflation play. Problem there is copper has massive resistance at USD 2.90 to 3/lb.

Flat Broke 3 years ago Member's comment

Why is #gold a better investment than say #silver, or other #PreciousMetals? $gld $slv

Gary Tanashian 3 years ago Contributor's comment

Gold is more counter-cyclical than silver and is better in a deflationary enviro. Gold is not an investment IMO, it is insurance.

Sensible Cents 3 years ago Member's comment

Isn't #Gold always a sure thing? I mean the price may fluctuate up and down but I'd say nothing is more secure than gold. Much more so than paper #currency or #Digital Currency like #bitcoin.

Brittany Lacey 3 years ago Member's comment

I agree, give me good ol' #gold any day. After all gold is a girl's best friend. Or was that diamonds ;-)

Gary Tanashian 3 years ago Contributor's comment

May be a great company, but these things are considerations.

IB Trading 3 years ago Member's comment

Very true Gary, just as there's not such thing as a free lunch, there's never a sure thing and one must always look at the considerations. Overall, I think #gold looks promising though $GLD.

Katy Lin 3 years ago Member's comment

Gary Tanashian, what kind of considerations should I be wary of when buying #gold?

Gary Tanashian 3 years ago Contributor's comment

Just meant considerations having to do with the highlighted stock, not gold itself.

Gary Tanashian 3 years ago Contributor's comment

Stock has run 1300% already. Also, the company's parent index, the TSX-V, looks to have double topped.

Alexis Renault 3 years ago Member's comment

Thanks Gary, what does "double topped" mean?

Gary Tanashian 3 years ago Contributor's comment

The peak in Feb. '17 matching the peak in July '16.