Investment Q&A

Q: I have done well the past few days with POU and CAE but the collapse in I 80 gold this week was gut wrenching. I have traded IAU this summer 4 or 5 times to get my adjusted cost down around $1.45. The new CEO, richard Young made me money when I went dumpster diving with Argounaut Gold early this year. I bought ARG, saw it collapse to almost half when I held my nose and went back into the dumpster and bought at 22 cents. In less than a month Mr. Young sold the key new asset of argonaut gold to alamos gold and I got out at 40 cents. So I got some nice smelling roses out of the dumpster. I think of I 80 as a similiar situation. But is that true since Argonaut was a producing while I 80 is a near producer since their current production is limited. But the market cap for I-80 is only about $200 million and the ev value is a bit higher due to some debt. that is reaaaaly low for got reserves of gold in a tier one juristricion that has lots of infrastructure in place. Mr. Young I believe is more of an accountant that a geologist and what I 80 needs right now is some more favorable financing. You are former sprott guys so you understand this stuff. What's your call on I 80? delisting in the USA stock exchange can be thwarted for a while ( maybe six months), right? can this type of asset garner some good financing in this market? Barrick and Newmount are nearby, would they buy these assets for a market cap of $300 to $400 million? Your thoughts?
On a side note can you direct me to a good site that explains the Lassonde curve?

Q: Portfolio Cleanup Part 14:
I'm embarrassed to admit that I am down 50% or more (!) on the above.......
Are there any with good rebound potential that are worth holding on to? Can you provide a short reason why for each. Thanks

Q: Would you see any reason to keep either of these companies... they have been a drag on my portfolio of a long time. I am thinking of deploying this money into WGX (the KRR merger)?

Q: This question is actually on i 80 gold's common shares but you can comment on the warrants as well. This is my stake in a gold developer (I have larger positions in Agnico Eagle and BTGold) and it has disappointed me. They have good geology in a top notch juristiction (Nevada). They have lots of infrastructure that could be refurbished (an old autoclave) there are roads, (like Interstate 80), a rail spur, historic mining knowledge but all of this has not done the share price any good. Mangement is trying to get a partner to develop their base metal assets but there have been no offers (at least publicly) and therefore the company had to do another share offering to keep the drills turning. They are producing some gold and gold beaing ore but not enough to generate enough cash to keep the exploration drills turning. The $100 + million they raised a few months ago can keep them going to Christmas or early next year. What do you think will happen with I-80 gold? A take out at a lower valuation? Another equity raise which means more dilution to current shareholders? A joint venture on the base metal? I think this company has lots of potential but how long should one wait for these 'nuggets in the rough" to get polished into shiny gold?