Long-term holding (3-5 years). Undervalued with among the best balance sheets in the mining sector.

Price of the stock has come down since August highs... it's still not cheap but more reasonable valuation. WPM has more exposure to silver than any other streaming/royalty co. and I believe silver is likely to outperform gold in 2021. WPM has a massive silver reserve base. I like the deal they just cut with Capstone Mining and they are likely going to get a gold stream from Capstone on another project. Overall, I still prefer OR over WPM. But the recent dip in its stock price, and WPM's exposure to silver, were my main reasons to pulling the trigger. It's a very safe pick in my opinion... doesn't have huge upside, but there's not much downside risk.

Long-term holding (3-5 years). Undervalued royalty co. that pays a dividend.

Sprott Physical Silver Trust

https://seekingalpha.com/research/25765463-gold-mining-bull/5553071-pslv-vs-slv-battle-for-best-silver-etf

ETF that holds physical silver at the Royal Canadian Mint; superior choice compared to the SLV.

Long-term royalty holding. EMX owns various high-value royalties that will start producing soon, including its Timok royalty. Excellent management team, shareholder friendly.

Long-term holding (3-5 years). Undervalued senior gold miner with an improving balance sheet and a strong dividend yield.

Deeply undervalued mid-tier gold miner, strong takeover target. Explosive upside if a positive resolution is met at its stalled Greece project. $20+ price target for 2021.

https://seekingalpha.com/mp/1176-the-gold-bull-portfolio/articles/5891150-artemis-gold-why-latest-developments-boosts-its-appeal

Increasing short-term exposure to silver prices on the rising possibility of an early 2021 breakout; set up stop loss set at $29

Very promising silver-base metals project with low upfront capex and a NPV that tops $1 billion at spot metals prices. A strong takeover target, but may take the project into production on their own given the low capex. One of my top developer picks.

Undervalued junior gold miner focused in Mexico; strong 2021 takeover candidate.

https://seekingalpha.com/mp/1176-the-gold-bull-portfolio/articles/5833807-update-new-purchase-and-stock-rated-as-a-buy

Vizsla is a silver explorer/developer with strong exploration upside, but also a clear pathway to production, which I think sets it apart from other silver explorers. It's also getting high-grade assays and I believe there's potential for low-cost production.

Long-term holding (3-5 years). Undervalued, profitable West African gold miner that has been masterful at M&A. The Teranga deal is going to be a huge win for Endeavour. Holding my shares tightly.

Long-term holding (3-5 years); I believe Elemental has massive re-rating potential if the company can continue to acquire valuable gold royalties. See Metalla and Ely Gold Royalties as two examples. 3-5X return potential.

https://seekingalpha.com/research/25765463-gold-mining-bull/5601160-why-i-bought-this-u-s-silver-explorer

High-upside US focused silver explorer with 50+ million oz silver potential. Trading at a very reasonable valuation.

https://seekingalpha.com/mp/1176-the-gold-bull-portfolio/articles/5895860-dynacor-group-the-small-gold-stock-quietly-outperforming

Currently in production. Aim for 40-50%+ of portfolio

Advancing a gold deposit(s) to production, to either build or sell via M&A. Aim for 20-30% of holdings.

Earlier stage, in search of gold deposits; higher risk, higher upside. Aim for 20% of holdings.

*Disclaimer: Gold Mining Bull is not a registered investment, legal or tax adivsor. All investment opinions expressed here are from the personal research and experience of the author, and the author alone, and are intended as educational material. All information is subject to change. Please do your own due dilligence before investing in any stock.

RECENT TRADES BELOW

BUY 100 CIVI at $61.30

BUY 50 UAN at $79.20

BUY 150 REPX at $28.60

BUY 50 ALB at $118.59

BUY 1000 EMX at $1.47

BUY 100 GOLD at $14.61