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Like seeing the bid/ask currently in $.07s
Clearly A LOT of shares are being dumped into this buying. Notice the indicators near the bottom of the chart.
http://schrts.co/TYeXjsnE
Silver and silver stocks are about to drop a shock and awe campaign on investors, that is my sense, and the signs are EVERYWHERE!
Abraplata is an extraordinarily cheap silver/gold stock!!! Silver equivalent ounces in the ground versus market cap is one of the cheapest in the junior market
(quote from GIL)
I agree still very cheap Abraplata is on sale.
Nice to see more news. Another mention in the GIL.
AbraPlata to Resume Drilling High Grade Gold and Silver Targets at Diablillos Project
Toronto - May 19, 2020: AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) ("AbraPlata" or the “Company”) is pleased to announce plans to recommence drilling at the Diablillos silver-gold project, located in the mining-friendly Salta province in Argentina. A drilling contractor is now mobilizing to site, with diamond drilling expected to commence by June 5th, 2020.
Silver begins to accelerate higher faster than gold
Chris Vermeulen
Chris Vermeulen Friday May 15, 2020 15:54
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
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Precious metals have been on our radar for many months and, if you've been paying attention, you probably already know our research suggests Gold and Silver are one of the best investments you can make right now. Recently, we shared this article suggesting Gold would need to rally above our proprietary Fibonacci Price Amplitude Arc (GREEN Arc) level near $1745 before it would attempt a bigger upside price move. Additionally, just a few days ago we published this article suggesting Silver would begin to rally even faster than gold.
Today, both Gold and Silver are making bigger upside price moves with Silver up over 3% while Gold is up 1.3%. We believe this nearly 250% faster Silver advance may be the start of what we have been predicting for many months – an incredible parabolic upside price advance in BOTH Gold and Silver.
Earlier research by our team suggested that a set up would happen in Precious Metals where Silver began advancing much faster than Gold and that this move would likely prompt a downside move in the Gold to Silver Ratio targeting the 50 to 65 level. Our earlier research suggests when this move/setup begins, we could begin to experience a nearly 250% to 350% rally in gold, targeting $3750 or higher, and a 550% to 650% rally in Silver, targeting over $70, over a 12+ month span of time. This article, today, is alerting our readers that we believe this SETUP is happening right now and the upside rally in precious metals should begin to really accelerate over the next 5+ months.
https://www.kitco.com/commentaries/2020-05-15/Silver-begins-to-accelerate-higher-faster-than-gold.html
Silver moving well and ABBRF is benefiting. If you want more get it before we move beyond the $.06's
Educational video on Silver gold cost to produce etc. Well done
Highly recommend the listen.
Sure would love to see that .30 CAD. Don't think we see it anytime soon, however.
AbraPlata Closes $2.0 Million Non-Brokered Private Placement
(TheNewswire)
Toronto – TheNewswire - May 14, 2020: AbraPlata Resource Corp. (TSXV:ABRA) (OTC:ABBRF) ("AbraPlata" or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Placement”). In connection with the closing of the Placement, the Company issued 25,000,000 units (each, a “Unit”) at a price of $0.08 per Unit for gross proceeds of $2,000,000. Each Unit will consist of one common share in the equity of the Company (each, a "Common Share") and one share purchase warrant (each, a "Warrant"). Each Warrant will entitle the subscriber to purchase one additional Common Share at a price of $0.15 until the third (3rd) anniversary of the closing date of the Offering (the "Expiry Date"). Notwithstanding the foregoing, the Expiry Date of the Warrants will be accelerated if, for any ten (10) consecutive trading days on the TSX Venture Exchange during the unexpired term of the Warrant (the "Premium Trading Days"), the closing price of the Common Shares equals or exceeds $0.30.
The proceeds of the Placement will be used to resume a diamond drilling program at the Diablillos Silver-Gold project and for general working capital purposes. In connection with the completion of the Placement, the Company paid aggregate finders’ fees of $56,940 to Haywood Securities Inc. and Canaccord Genuity Corp.
The only thing I don't like about Abra is their share count. But it's undervaluation trumps that worry IMO. It holding in $0.6 range is what I wanted to see. So far so good.
That bid first thing got taken out REAL fast. Newsletter people now stuck so they'll be looking for a way out so now even more sellers to deal with.
Silver up 3% this morning. And Abra up on early volume. Go man...
Very low volume today. We may be back to watching the nibbling for awhile.
Well the volume was high on the Canada market, again today so some one(s) were willing to sell at this level. As long as we hold in that area I glad to wait for this to take off when gold takes off.
For me the question is, how much of yesterday's volume was daytraders/swing trader vs. investors? Hoping a significant percentage were investor = strong hands. If so even if it pulls back some it will have a stronger base thus much less cheap share for new buyers that will come as its story becomes better known by the market.
Lets see how volume is today. Doubt it can come close to yesterday.
Impressive volume today. The GIL free subscribers must have taken to heart the recommendation. I know I have.
To Buy or Not using NPV
After all the calculations, a positive NPV is not an automatic signal to buy. First, investors must divide the NPV by the number of shares available in a company to get the NPV per share. If that number is significantly higher than the current market price, the stock is a good buy. A lower number indicates an investor would lose money by purchasing the stock.
To simplify, say a company over 30 years has a total NPV of $10,000 and has 1,000 shares. That equates to $10 per share. If the market price is $5, you may want to jump in; If it’s $15, you would not.
So using Abraplata's NPV is it a good buy?
NPV = $212 Million
Shares 249 Million
$.85 = $212 NPV / 249 shares [/b
So with current price under $.08 I;d say this is a fantastic buy.
Will probably be fighting sellers all the way. One of the problems with penny stocks. Day/swing traders have very little patience. We will see some flippers BUT as long as the trend is up we are golden. I fully expect there well be enough news and increased market exposure to keep the overall trend strongly positive. Don't sweat any temporary pullbacks.
Still churning through sellers. Gotta get them outta the way.
Nice volume this morning. Looks like the GIL folks are taking the recommendation to heart, as they should.
3x undervalued NOW much more year from now
LOL! I've never felt like a genius. ;o)
WOW Ashy do you feel like a genius having loaded up already? It sure is giving me the warm fuzzies. This one is going to bless us greatly. That was a very compelling case he lays out.
FREE GIL out today...
Abraplata Resource Corp
I may have mentioned Abraplata (ANRA/ABBRF) in the E-letter some time ago, but it's an entirely different story now, and a much stronger one. First, this is a South America asset heavy play primarily in Argentina and Chile. Some people are scared of Argentina and have been burned there before (including me). But, much of the risks lie in specific provinces, which is key. In addition, the Argentina government has been very clear recently that they want to support and grow their mining industry, which is quite small compared to their oil/gas sector, for example.
Nationalizing mines at this stage wouldn't get them much, so I'm not concerned about that anytime soon. The destruction of the Argentine Peso (again), is a tailwind for US/Canadian companies, because labor and costs are cheap. In addition, very recently we're seeing the big boys like Barrick enter the same province (Salta), that Abraplata's flagship Diabillos asset is in. The size of the project Barrick is earning into, is 1/10th the size of Diabillos! Barrick even highlighted the "mining friendly" Salta Province in their 2019 annual report.
But here is why I LOVE AbraPlata at this price, and at this stage of their development. First, Diabillos has had over $50M CAD/$35m USD spent on it already with nearly 500 holes drilled. The deposit is already large and past the PEA stage. The 2018 PEA, which I expect to be significantly enhanced later this year after fresh drilling, shows just under 10M ounces of silver equivalent production annually. They have 140m ounces of Ag equivalent or 1.7M AU equivalent ounces and it trades at barely a $15 million USD market cap!
The stock closed yesterday at .085 CDN, which means you can look at it two ways. First, it's undervalued at this stage just for the gold ounces, which would be approx $24 an ounce in the ground, and then you also get 80 million ounces of silver for free! Or, on a silver equivalent basis, buy the ounces in the ground at 6 and a half cents per Oz, when their peer group trades at an average of 3X that number!
Now, at a $1,300 an ounce gold price (!) and $20 silver, with a 7.5% discount rate, Diabillos has an after tax NPV of $212 Million and an IRR of 30%. That's on 8 years of 136,000 gold equivalent ounces produced annually. ABRA isn't even trading for 1/10th of their after tax NPV! Plus, this deposit is growing impressively. The last round of drilling in Q1 produced some excellent results including 7 meters of 20 gpt gold and 200 gpt silver. Then, 17.5m of over 600 gpt silver and another huge hole that hit 15m of 5.1% Copper (!), 2.35 gpt gold, and 658 gpt silver.
Moving Forward
The company will be closing a $2m financing any day and will get the drills ready for another round at Diabillos in about 30 days. The follow up targets are exceptional, and I expect more very compelling intercepts to roll out early in the summer. This stock should already be trading 3-4X higher than it is right now! This is an advanced project that has big upside and will, in my view, attract a major to buy it or JV with Abraplata.
Interestingly, Abraplata's two largest shareholders are Altius Minerals and SSR Mining, owning 33% of the company combined already. In addition, via the recent merger between Aethon Minerals and Abraplata (this is truly the new AbraPlata) they also have multiple assets in Chile. Rio Tinto signed a $25M earn in for up to 75% of their Arcas project in Chile, so we'll see lots of work being done there over the coming months/years. Rio Tinto hunts for elephants by the way, so we'll see what happens with what I look at as a free Chile call option.
I also see us weeks away from this story beginning to be told to many new investors going forward. It's too good not to get out there and pound the pavement, and that's the plan at Abraplata. This is a low priced, low market cap company, that is surrounded by BIG. Big assets, big companies, big partners, big shareholders, and big upside potential. More details can be viewed in their recent investor presentation:
https://abraplata.com/_resources/presentations/corporate-presentation.pdf
Right now Abraplata is my favorite "hybrid" silver/gold junior resource play over the next 6 months or so. A re-rating, I believe, is inevitable. Liquidity is actually decent in this deal and should continue to improve. Anything between .10-.12 CDN is a compelling entry point. Under .10 is an urgent buy because it simply will not last down here for much longer.
picked up a little more 1911 this morning myself
Adding when I can. Trying to add more to 1911 because I already have A LOT of ABRA.
No letter yet later this week I expect. I wanted to accumulate before the big seller is done.
I was Buying throughout this morning. Should be a good week here.
Newsletter go out? Bids popped up now some buying.
I really was bless. I put in bid for .058 and would not fill. Upped price to .059 and it filled at .055. Go figure.
Added more at .059
Good points, Seek. Just need to see some buying volume. That .08 CAD price is going to cap us for a bit while investors digest the filing, IMO.
Here is my take on this funding.
1) I want them drilling. So Dilution for a good purpose is good. Better than not drilling. The likelihood that the drilling will significantly increase value is high.
2) I Like it is private deal rather than dumping share directly on retail market.
3) warrants set to over 90% of current price is a good sign of much higher PPS expectation.
I hear the offering is sold out so it must be considered quite attractive.
AbraPlata Announces Non-brokered Private Placement and Plans to Resume Drilling Program at the Diablillos Silver-Gold Project
NOT FOR DISTRIBUTION IN THE U.S. OR DISSEMINATION THROUGH U.S. NEWSWIRE SERVICES
Toronto - April 27, 2020: AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) ("AbraPlata" or the “Company”) announces that it plans to complete a non-brokered private placement through the issuance of up to 25,000,000 units ("Units") at a price of CAD$0.08 per Unit (the "Offering"). Pursuant to the Offering, the Company is targeting to raise gross proceeds of up to CAD$2,000,000.
Each Unit will consist of one common share in the equity of the Company (each, a "Common Share") and one share purchase warrant (each, a "Warrant"). Each Warrant will entitle the subscriber to purchase one additional Common Share at a price of $0.15 until the third (3rd) anniversary of the closing date of the Offering (the "Expiry Date"). Notwithstanding the foregoing, the Expiry Date of the Warrants will be accelerated if, for any ten (10) consecutive trading days on the TSX Venture Exchange during the unexpired term of the Warrant (the "Premium Trading Days"), the closing price of the Common Shares equals or exceeds $0.30.
The proceeds of the Offering will be used to resume a diamond drill program at the Diablillos silver-gold project and for general working capital purposes. The Company may pay finder's fees in respect to the Offering. Securities issued as a result of the Offering will be subject to a statutory hold period of four months. Closing of the Offering is expected on or about May 15, 2020. Completion of the Offering is subject to regulatory approval, including approval of the TSX Venture Exchange.
The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the United States, nor in any other jurisdiction.
Oculto Drill Program
The next phase of the drill program at Oculto is planned to begin in May 2020 and will consist of approximately 1,600 metres of diamond drilling in four holes. The drill campaign will continue to evaluate the potential for additional high grade gold and silver mineralization adjacent to and beneath the current mineral resources, as well as into the basement rocks. The campaign will consist of two step-out drill holes which are designed to follow-up on high grade intercepts encountered in holes DDH 19-002 and DDH 20-001 (see Company news releases dated Jan. 27, 2020, and Feb. 19, 2020). The other two holes will be drilled further along strike to test for the eastern extension of the Oculto mineralized system.
Thanks, Seek. We'll see what they have to say when they release.
AbraPlata Announces Financial Filing Dates
V.ABRA | 4 days ago
(via TheNewswire)
Toronto - TheNewswire - April 22, 2020: AbraPlata Resource Corp. (TSXV:ABRA)(OTC:ABBRF) ("AbraPlata" or the "Company") is postponing the reporting of its fourth quarter and full year 2019 financial statements and accompanying management's discussion and analysis, and related CEO and CFO certifications (collectively the "2019 annual documents") due to logistics caused by the COVID-19 pandemic.
On March 18, 2020, the Canadian Securities Administrators issued a notice stating that securities regulators will be providing coordinated relief consisting of a 45-day extension for certain periodic filings as a result of the COVID-19 pandemic. As such the British Columbia Securities Commission has enacted BC Instrument 51-515, Temporary Exemption from Certain Corporate Finance Requirements. AbraPlata intends to file the 2019 annual documents on or before May 8, 2020, which is approximately five weeks before the extension deadline.
Until such time as the 2019 annual documents are filed, AbraPlata's management and other insiders are subject to a trading black-out policy as described, in principle, in section 9 of National Policy 11-207, Failure to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
The Company confirms that since the filing of its interim consolidated financial statements for the period ended September 30, 2019, there have been no material business developments other than those disclosed through news releases.
About AbraPlata
AbraPlata is a mineral exploration company with a diversified portfolio of silver-gold and copper exploration projects in Argentina and Chile. The Company is focused on advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of Argentina, which is well-advanced, with more than US$35 million spent historically on exploration with drilling ongoing and an initial open pit PEA completed in 2018. The Company is led by an experienced management team and has long-term supportive shareholders including Altius Minerals and SSR Mining. In addition, AbraPlata owns the Arcas project in Chile where Rio Tinto has an option to earn up to a 75% interest by funding up to US$25 million in exploration. AbraPlata is listed on the TSX-V under the symbol "ABRA".
For further information please visit the AbraPlata Resource website at www.abraplata.com or contact:
John Miniotis, President & CEO
john@abraplata.com
Tel: +1 416-306-8334
I too bought. For the moment Our buying caused the current big bid ask spread. .055 - .067
Added a few times this morning. Sure hope I want 'em. LOL!
If gold behaves itself I see explosive potential for this stock. If gold pulls back it may present a good buying opportunity. Whether up of down this remains a good investment for a long time to come
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AbraPlata Resource Corp. is a Toronto-based mineral exploration company that offers investors exposure to silver, gold, and copper through projects at various stages of exploration, from drill-ready to PEA stage. AbraPlata provides major leverage to silver and gold through its 100% interest in the Diablillos project in the mining-friendly Salta province in Argentina.
Acquired from SSR Mining Inc. in 2016, the Diablillos project has had more than US$35 million spent on exploration and currently has an
Indicated resource: 140 million silver-equivalent (AgEq) ounces or 1.7 million g old-equivalent ounces (AuEq) .
A preliminary economic assessment ("PEA") was completed on Diablillos in 2018 to evaluate an open pit mining operation. The PEA demonstrated that Diablillos has the potential to be a significant producer of silver and gold with robust economics including an after-tax IRR of 30.2% and NPV 7.5% of US$212 million (at $20/oz silver and $1,300/oz gold). For further details, see report titled “Technical Report on the Diablillos Project, Salta Province, Argentina", dated April 16, 2018, was prepared by RPA Inc., and is available on www.SEDAR.com
Current work at Diablillos is focused on evaluating the possibility of an optimized project at Diablillos that targets the higher-grade mineralization, which is concentrated in structurally controlled zones. One compelling aspect of the optimized study is that it opens up exploration potential at depth and along strike.
In December 2019, AbraPlata merged with Aethon Minerals (TSXV: AET) through a plan of arrangement. The merger resulted in a strengthened company with SSR Mining and Altius Minerals as its largest shareholders. The merged company will remain focused on exploring and advancing the Diablillos project and will also have upside exposure through Aethon's Arcas copper-gold porphyry project in Chile, on which Rio Tinto has the right to earn a 75% interest by spending US$25 million.
Presentations:
June 25 presentation
https://abraplata.com/_resources/presentations/corporate-presentation.pdf
Diablillos –Advanced District Scale Project
80km2property (100% AbraPlata) in Salta, Argentina
Indicated resource: 140 million silver-equivalent (AgEq) ounces or 1.7 million gold-equivalent ounces (AuEq) 1
Initial open pit PEA completed in 2018 with compelling economics (After-tax NPV of US$212M & 30% IRR)
Excellent Exploration Potential at Diablillos
Multiple mineralizes zones –epithermal gold-silver and porphyry copper-gold –with very little deep drilling to date
Drill program ongoing to expand gold-silver resources. Initial high-grade results include:
?7.0m at 20.6 g/t Au and 202 g/t Ag (oxides)
?17.5m at 604 g/t Ag (oxides)
?15.0m at 5.1% Cu, 2.35 g/t Au and 658 g/t Ag (sulphides)
Trading at a Significant Discount to Peers
Trading at only $0.14/oz AgEq vs. peer group of $0.42/oz AgEq
Assumes no value for other properties or new discoveries
Experienced Team & Supportive Shareholders
Altius Minerals and SSR Mining own 27% of outstanding shares
Eric Sprott currently investing for an 8% equity stake
Assets in Attractive Mining Jurisdictions
For 2019, Salta province ranked 4th overall for investment attractiveness in Latin America and Caribbean Basin
*Ranking ahead of countries such as: Mexico (6th), Brazil (9th) and Ecuador (13th)
AbraPlata’sportfolio of assets are located in 3 of the top 4 most attractive jurisdictions in Latin America
* Arcasproject in Chile (rank #1)
La Coipita project in San Juan, Argentina (rank #2)
Diabillillos project in Salta, Argentina (rank #4
2020 video:
https://youtu.be/MeOgITVhVAU
Shares Outstanding | Options Outstanding | Warrants Outstanding |
---|---|---|
318 M | 23 M (avg. exercise at $0.12) | 168 M (avg. strike at $0.18) |
Insiders own ~38% of shares outstanding - Altius Minerals* (15%), SSR Mining (12%) and Management/Board (3%)
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