2015-05-25 18:58 ET - In the News
Jay Taylor refreshes Viscount Mining buy
Jay Taylor, in the May 15, 2015, edition of Gold, Energy & Tech Stocks, refreshes his buy of Viscount Mining Corp., recently 23 cents. Mr. Taylor said buy on Feb. 13, 2015, at 28 cents. Assuming a $1,000 investment for the buy, the position is now worth $821.
Mr. Taylor says Viscount is an especially exciting company because of its recently completed deal to option a 75-per-cent interest in its Cherry Creek property to Summit Mining Exploration Inc., a subsidiary of Sumitomo Corp.
For the interest, Summit must complete a bankable feasibility study and spend a minimum of $10-million (U.S.) on exploration over eight years. The editor notes that the 9,000-acre Cherry Creek had previously been carved up into many small family-owned land claims, which is the reason no major mining company ever bothered to explore and develop the area despite it being "highly prospective."
After Viscount's president, Jim MacKenzie, decided to acquire and consolidate some of the land claims into one package Mr. Taylor adds, Sumitomo paid a visit to the property and then moved quickly to strike a deal. Viscount remains a buy.
2015-03-30 23:36 ET - In the News
Taylor refreshes buy of Viscount Mining
Jay Taylor, in the March 16, 2015, edition of Gold, Energy & Tech Stocks, refreshes his buy of Viscount Mining Corp., recently 36 cents. Mr. Taylor said buy on Feb. 13, 2015, at 28 cents. Assuming a $1,000 investment for the buy, the position is now worth $1,285. Viscount has optioned a 75-per-cent interest in its past-producing Cherry Creek property in Nevada to Summit Mining Exploration Inc., a subsidiary of Sumitomo Corp.
Mr. Taylor reminds his readers that a potential joint venture with Sumitomo is the reason he first recommended the stock. For the interest, Summit must pay $500,000 (U.S.) up front, and deliver a bankable feasibility study and spend $10-million (U.S.) on exploration within eight years.
Summit financed a field sampling program at Cherry Creek last year, collecting 302 samples that returned anomalous values of gold, silver and base metal mineralization congruent with historical data. Of the samples, 21 assayed greater than one gram per tonne gold and 99 assayed greater than one ounce per ton silver. Mr. Taylor expects Summit to carry out an aggressive drill program this year. Good results from that program should lift this stock, he concludes, especially when precious metals turn bullish.
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Taylor says buy Viscount Mining
2015-02-25 17:07 ET - In the News
Jay Taylor, in the Feb. 13, 2015, edition of Gold, Energy & Tech Stocks, says buy Viscount Mining Corp., recently 28 cents. This is the first time he has recommended the stock.
Mr. Taylor says Viscount is one of the most exciting new stories he has seen throughout his career. CEO Jim Mackenzie, the man who is responsible for giving birth to Viscount, has been accumulating a 9,000-acre portfolio of exploration claims in Nevada over the past few years.
The most notable ones to Mr. Taylor are Exchequer, Ticup-Fillmore and Star, which are all previously explored projects part of the larger Cherry Creek property.
The editor notes that Cherry Creek lies in a historic mining district that saw high-grade production from numerous mines until the 1920s. In June, 2014, Viscount signed a deal with Sumitomo Corp. of Americas to carry out field mapping and sampling work. Mr. Taylor reckons they will end up forming a JV of some sort.
In addition to Cherry Creek, Viscount has also optioned the Silver Cliff property in Colorado. The editor envisions Viscount as a prospect generator, but one with less risky properties than others. If Sumitomo or another major steps in, this company could rise "dramatically higher."
© 2015 Canjex Publishing Ltd. All rights reserved
