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Thursday, 04/21/2016 1:44:49 PM

Thursday, April 21, 2016 1:44:49 PM

Post# of 35698
Advanced Developers to Consider **please read**

Crowd-source post. I am getting excited that 2011-2015 gold bear is over. I'm putting out some ideas with hope that board will also DD these names and we can vet the opportunities and make some money together.

I'm on a roll here with a rare down-week at work and have been looking for Gold Developers with Advanced Projects with big upside if gold goes to $1500 by 2017, but have had minimal participation in 2016 sector rally to date. These are low risk gold-in-the-ground plays premised on POG appreciation, not-so-much exploration success. Idea here is that when the sector correction comes, the producer's share prices could drop 20-30% because they are so overbought right now, but these names are likely to 'shudder' if that correction is simply a blip in a new bull market.


A. One of my screening sources was the excellent and 'crystal-ball-like' Paradigm Capital 2014 Takeover 20 Report.


http://juniorgoldminerseeker.blogspot.ca/2014/08/paradigm-capital-gold-developers-20.html

It is eerie that many of the names here were taken over in last 18 months. Here are the companies left who have not gone into construction or been taken over, but have not really participated in PM-sector rally in 2016 (this excludes MAG Silver, Premier Gold Mines, Pretium, Integra, bear creek, Kaminak, Sabina, Orezone, Victoria Gold, Belo Sun and Seabridge - the Takeover 20 candidates that have not been bought out but have participated in 2016 sector rally. Some of these names will be strong buys with a 20-30% correction).

- Midas Gold MAX.TO Up 100% but lots of upside here. Largest open-pittable resource in US but it is at the headwater of two/three salmon bearing rivers so let's be honest, if if ever goes into production it might be two decades before permitted in the US. Still SP appreciation potential though simply because the gold is in the ground.

- Gryphon Minerals GPY on the ASX. I can't buy Australian Stocks but this #12 on the takeover 20. Looked and has 3M+ oz of JORC resources in West Africa (PEA only I think), AUD 45M MC and AUD 15M of cash. I would buy this if I could. Haven't looked into it any further as can't buy on ASX. Stil could be a good opportunity if someone wanted to step-up and report back to board.

- NCA.V Newcastle gold (formerly Castle Mountain Mining CMM.V). Frank Giustra just merged CMM.V with a advanced copper developer with a bit of cash to create potential future mid-tier. Has fully permitted, former producing heap-leach mine in California with one of highest heap leach grades in world. they have a good presntation. $40M MC. Big upside here IMO and pretty low risk with former mine, fully permitted and higher grade (0.8 g/t) than Mexican peers for example.

- FVL.TO Freegold Ventures. Has a potential sister heap-leach 0.55-0.60 g/t gold Golden Summit mine 7km from Kinross' Fort Knox, 30 minutes from Fairbanks (population of 100k). Barely participated in 2016 sector rally. They had negative working capital of CAD $400k at 31-Dec-15 so this reason SP is under pressure as market waiting for financing. This is from 2013 Resource Update on Golden Summit:

The July 2013 gold resource estimate for the Dolphin deposit, utilizing a 0.3 g/t cut-off, is 79,800,000 tonnes at 0.66 g/t “indicated” (1,683,000 ounces) and 248,060,000 tonnes at 0.61 g/t “inferred” (4,841,000 ounces). Included within this new resource is an oxide component. Utilizing a 0.20 g/t cut-off is an oxide resource of 25,026,200 tonnes at 0.55 g/t “indicated” (439,000 ounces) and 16,620,510 tonnes at 0.47 g/t “inferred” (253,000 ounces).

Other ideas through general sector research and knowledge:

- Treasury Metals TML.TO - Posted on this back in ~2013. This looks like a mine. It is in Ontario, next to a highway and powerline and close to City of Dryden with a open-pit grade of 2.8 g/t and 10 year mine plan in PEA that produces 900k oz of gold. They just did a loan with a resource bank but working capital is very low, that is reason for negligible participation to date. Combination of open pit and underground in mine plan which is complicated though.

- Orca Gold ORG.V - I have bought this in the last week because they have lots of cash and there is no risk of dilution in the next 2 years.Former Red Back Mining team that discovered the Tasisast Mine in Mauritania and sold to Kinross for 7.1B (ridiculous). They went to Sudan after that win which has never been explored, have hit gold on every hole and have a couple future open pits but really need to find the big project that justifies production as they'll have to bring in water and power to the desert project. That being said, share price has lots of headroom and they have CAD $17M of WC with CAD $18M of cash at 31-Dec-15 so are fully funded for next 2 years of exploration for a potential non-dilutive share price run up.

- Calibre Mining CXB.V - I don't know of any other Junior who has been hitting it out of the park with high-grade exploration holes and has JV-Earn-Ins with 3 Mid-Tier Producers (B2Gold, Centerra, IAMGold) who are spending on exploration. Calibre has them spending $6M on drilling in 2016 dilution free. Presentation best place to start:

http://www.calibremining.com/s/CorporatePresentation.asp

- Auryn Resources AUG.V (formerly North Country Gold). Exploring huge Greenstone belt in Nunuvat - Canada's North. Had CAD $4M of WC at 31-Dec-15 and just completed CAD $8M bought deal. Have a high grade (+8 g/t) 1.2M I&I resource at Three Bluffs deposit and huge exploration potential on a 300km Commmittee Bay greenstone belt. Not cheap @ current CAD $85M MC. The current bought deal was to fund 2016 exploration. All the drill hits have been high grade and this is Canada's North so you need high grade to justify a mine because of higher costs (i.e. fly-in all staff and supplies). Check out presentation for Management's experience selling advanced developers.

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