Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
AG First Majestic is one of the few major silver producer to get more than 50% of it's total revs from silver. Most silver producers have moved towards gold to increase revs and cashflow due to the long term bear market for silver.
Although it's a relatively large cap for miners, First Majestic is well known for it's silver heavy production and so it runs hard when silver rallies. In the last major rally of 2016, AG ran from 2.69 to 19.15 in 7 months while silver was increasing from $14 to $20.
Silver could easily duplicate this type of movement this time. Gold will likely move up as well but not as much as silver.
SGI.v/supgf +.09 to C$.94
nice 10% pop in Superior Gold. They published a new presentation that investors must have liked. Superior is very undervalued compared to comparable producers. They have the ounces in the ground and just need to produce at acceptable cash costs to dramatically improve cashflow.
They are focused on improving grade and as a result have shut down their nearby open pit Hermes mine.
If they can keep grades moving up, their results should move the market cap towards the average of their peers, which would mean another 50% higher from here PLUS whatever additional revs the gold rally gives them.
https://www.superior-gold.com/site/assets/files/2357/superior_gold_-_corporate_presentation_-_july_2019.pdf
Goro +.16 to 3.73
Goro is another old favorite. It dropped from much higher levels. A year ago it was near $7. With 27K oz gold production/yr, the stock has a generous valuation in the $222M range but has been consistently profitable and pays a small dividend. The secret sauce is base metal production that lowers cash costs dramatically, allowing profits on the small gold production.
The recent rally in gold prices has boosted the goro share price from below $3 to the current 3.73 in the past 45 days. However, there is a hidden gem in the Goro story.
They have a new mine in Nevada that is near commercial production. Their presentation guides for year 2 production of 40K oz/yr, with 20K in year 1(2019). That's more than double the current gold production. Probably won't have any base metals to reduce cash costs but they project fairly low costs for a heap leach operation with milled ore.
Q2 production was announced and they said they got 1600+ oz from the new mine. Q3 should be closer to the 10K/qtr norm, probably 6-8K. That should wake the market up to the potential boost to near term revs and cashflow. Also Goro has a policy of distributing increased cashflow thru the dividend so a dividend boost should be coming in 2020 once the mine is operating at normal cash costs.
I have a small position in 12/19 options with $2.50 and 5 strike prices. If the gold rally continues, Goro should be well past $5 by Xmas.
http://www.goldresourcecorp.com/content/grc-presentation.pdf
http://www.goldresourcecorp.com/releases/GRC-2019-07-18-1.pdf
SIM.v/SYATF C$.48
https://kincommunications.com/siyata-mobile-launches-4g-lte-uniden-uv350-desktop-dispatch-unit-for-instant-dispatch-communication/
looks like a UV-350 with an AC adapter and mike for the office to contact the mobile workforce. Eventually they should make a full sized keyboard version for the office. The keyboard on the UV-350 and this device are limited. Not a full keyboard.
Fortuna Silver Mines FSM +.16 to 3.90
Bought some 12/19 Options for $4 on Fortuna. This is an old favorite of mine. Made .01 eps last qtr so profitable, although down from previous year, when Q1 generated .09.
Fortuna profits should rebound with this bounce in silver prices. They are also building a new mine in Argentina. This will be a 100K/yr gold mine scheduled to be declared commercial in early 2020. Guidance for 2019 is around 12 million silver equivalent ounces at 10-12$/ounce.
https://www.fortunasilver.com/investors/news/2019/fortuna-reports-consolidated-financial-results-for-first-quarter-2019/
Fortuna is a good operator with experienced mgmt. I expect them to do well with good silver prices.
apparently Netflix felt Friends was worth $100million a year to rent all those episodes. Maybe Seinfeld is worth even more? Don't know.
gold and silver are red hot. Gold +23.40 to 1446 or 1.64%, silver +.40 to 16.37 or 2.50%. Bought options on AG yesterday at .35, today they are at .62. Pentup momentum from multi year bear market plus maybe the algo computer programs are buying what's moving. Volume on AG is over 10 million shares yesterday and today.
no, Friends is a biggie. Netflix paid $100 million for the rights to Friends for 2019 but after that, Warner is taking it back so they can launch HBO Max streaming service.
Hi Ho Silver! +.23 to 16.20 +1.43%
cashed out gdx options and switched to GDXJ Options expiring in 11/19.
Also bought some more SLV and AG options. AG is really running hard, +.50 to 9.81 or 5.48% vs SLV +.23 to 15.165 or 1.49%
So far so good.
read an analysis of Netflix.
Huge increase in competition coming
Disney is taking it's content off Netflix and launching Disney Channel. $7/month so undercutting Netflix.
Friends reruns are wildly popular. That's being pulled from Netflix to anchor another new competitor.
Several other entities are launching and pulling exclusive content from Netflix. That's the reason why Netflix is spending so much to produce exclusive new content. But it's expensive and not guaranteed to be successful.
They did a survey and most consumers were not willing to pay for several services. We'll see how Netflix does with the increased competition.
silver finally moving up +.29 to 15.97
Bought a few options on AG and SLV today. Silver moves after gold but moves are typically bigger. Depressed price of silver vs gold should emphasize that trend. Silver has some catching up to do.
SIM.v/SYATF +.015 to C$.50
this is a combination of the rugged handset and the 3g CP250. Margins on the 250 won't be as good as the newer devices but still a significant order. I wonder if this is the order for the Israeli Railway company. The rugged handset should become a vital part of future sales. It is a companion piece to the in vehicle devices, where Siyata has an advantage. There are several rugged handset makers that have significant market share but if Siyata is effective in selling the UV-350, customers may want to buy the accessory handsets from Siyata as well.
SIM.v/SYATF
this is an old video but demonstrates the Uniden UV-350 in a simulated delivery van situation.
SIM.v/SYATF +.02 to C$.47
finally a sale! It's been a long wait but this should be the first of many. Siyata didn't even realize school buses were part of First Net originally. 450,000 school buses represents a $450 million dollar market for Siyata in addition to the billions in Fire and Police departments.
School buses will be the low hanging fruit for Siyata initially. But each sale to a school district or city will likely mean that that municipality intends to convert to First Net for all it's First Responder agencies.
Superior Gold reported production for Q2. Not a spectacular increase but steady improvement in underground grade. Superior still needs to move into a better cashflow position. The recent increase in gold price should help Q3 results. Assuming $100/ounce increase in gold prices times ~23,000 ounces should help Q3 cashflow by $2.3 Million.
Superior reiterated guidance of 92 to 105K ounces of gold production for 2019. Thru 6 months, they have 46K so on pace for the bottom of guidance.
They have finished mining at Hermes and will process stockpiled ore for the rest of the year. They should have reduced mining costs for Q3 and Q4 and production should be unaffected so I expect a stronger 2nd half for Superior.
https://www.superior-gold.com/investors/news/superior-gold-inc-announces-second-quarter-2019-p-122569/
Yes, I think gold will move higher before year-end. Maybe$1650. So far so good. $1200 in gdx options end of May is around $14k now. Options expiring this week so will likely buy Nov maturity next.
gold moving again due to Powell testimony indicating possible easing. That means lower US interest rates. Typically lower dollar = higher gold.
Still riding a few GDX options.
GDX +.42 to 26.05
I agree with your thesis. As you note, the sequence goes like this:
Gold first, then GDX moves more, finally the juniors move as more investors are attracted to the mining industry.
Another idea that I've seen recommended by newsletter writers is Sprott.
SII.to is actually moving better than GDX so far. They are profitable and have several ways to profit from a boom in mining.
Sprott has physical gold and metals holding funds. The higher gold goes, the more management fees go up.
In addition, we know that Sprott is one of the primary financiers for junior miners. If gold goes into a full blown bull market, Sprott will be doing lots more deals and will benefit from the paper they are already holding. Every deal they do involves issuing a lot of cheap stock to Sprott. As miners move into production, these shares appreciate. In a real bull market, Sprott doesn't need production. They just do a financing, get the paper and then start pumping the junior.
I don't hold any Sprott but it looks like a great way to participate in the Gold Bull Market.
sim.v/syatf -.015 to C$.475
Talked with Siyata IR Arlen Hansen from Kin Communications. Have talked with him several times over the years of holding Siyata. He is a substantial holder of Siyata stock.
Called him because we haven't heard of any big orders out of Canada or the US. He said Bell Canada is approaching it much differently than AT&T in the US and he doesn't expect much in sales from Canada going forward. He is very happy with the AT&T approach. They recently had a mandatory meeting of all sales reps who would potentially sell the UV-350. It appears the First Responder customers will become the first big sales.
They have given the device to several municipalities for trial and all so far have said they want the device. But once the customer indicates an interest, they are directed back to AT&T to negotiate monthly subscription pricing as well as device pricing. Since they are buying in volume, they can demand discounts. I assume AT&T will negotiate a discounted price for the device rather than lower the monthly subscription. They can afford to subsidize the device purchase price of C$1,000 because the First Net customers are likely almost forever customers. Siyata gets full wholesale price no matter what kind of discount AT&T agrees to.
Hansen is very happy with what he has seen from AT&T so far. They truly want the First Responder customers, who are currently mostly with Verizon with personal communications devices and with Motorola with their two way radios. They also have mandatory goals for number of devices on the FirstNet network so they definitely have an incentive to aggressively sign up customers on the network.
Hansen indicated that the low hanging fruit is school bus fleets. There is some kind of additional certification needed for police and fire departments but no such requirement for school bus fleets. The good thing is that once a city/county decides to equip their school buses with PTT cellular, it's likely they will move later with the same or compatible equipment for their police and fire departments. The school bus fleets are also substantial in size so that will likely be the first sales announced.
I asked why there have been no announcements to date. Hansen reminded me that it's only been one month since AT&T approved the UV-350. He is happy with AT&T sales approach so far and expects significant sales shortly. Even though the year is half over, he is hoping for several thousand unit sales before year end representing 6 to 10 million in sales. Over the next several years, Siyata is expecting to reach $100million per year in UV-350 sales but obviously needs to walk before they can run.
As always with these microcaps, sales and profits talk so I will have to wait a few more months to see what happens with Siyata.
I remain optimistic that we will see proof of substantial sales before year end.
Fiore Gold, F.V/FIOGF +.01 to C$.45
Fiore Gold is a nice little producer. They are in the 40K oz/yr range and have very low costs. I originally looked at it and decided it was too small a producer but I didn't take into account the low costs. This gives Fiore much higher profits than bigger producers. Their most recent Q2 2019 was excellent, producing over $3.67million in cashflow and $2 million in net profits. Q2 had near record production of 10,737 oz and they just finished installing a primary crushing unit that should improve recoveries by 6 to 7K/year, starting Q4 2019.
Fiore has about an 8 year mine life based on current reserves/resources. They are continuing to explore around the PAN mine and especially at the nearby Gold Rock project. They are proceeding towards a build decision at Gold Rock and could be in production by 2022. They say they want to become a 150K/yr producer in safe jurisdictions. Don't think Gold Rock will get them to 150K/yr by itself.
But Fiore has an excellent balance sheet with 8 million in cash and low debts. Mgmt has done a good job of bringing PAN into production at projected costs and they have a goal to self finance near term expansion.
So overall Fiore has had good execution and appears to be proceeding toward decent growth in production and cashflow. In terms of value, Fiore has had a big jump in price since April. Rising from C$.27 to the current C$.45. The current market cap is around C$44million.
Whether F.v is a good value here is subjective. If you have an intermediate time horizon and can wait for the 150K/yr production levels over the next several years, Fiore checks off a lot of boxes. They are in safe jurisdictions, profitable and looking to grow organically thru cashflow. However the growth path is a little fuzzy between 40K and 150K so a lot will depend on how long it takes them to get there and at what cost. They appear open to acquiring additional near term or producing assets. Again without seeing the specs on any acquisition, it's impossible to value future additions to production.
Nearer term, I think much of the value has been reflected in the share price. Over the next couple of years, the production is slated to remain in the 40-50K range. That size will not attract too many mid level producers to buy them out for the 40K production. Fiore is an excellent small producer. I wish I had found them in April at C$.27.
I still like SGI.v a little better. Already close to a 100K/yr producer in Australia. Not as profitable but working on reducing costs and I don't think the market realizes that Aussie producers have been benefiting from the rising price of gold in Australian dollars. Much larger resource than Fiore, over 3 million oz vs 800K. They need a solid qtr that shows profits to get market attention for reviving an old established Australian mine. They also have a hidden asset in a second mill that can be restarted at very low $20million costs if they can secure another source of ore. They have a big enough surrounding land package to accomplish that but no firm production plans for additional deposits.
The restart of trade talks has taken the wind out of gold's sails today. I still think gold is going to do ok over the near term so any price weakness could be a great time to begin a position in a stock like F.v or SGI.v. Good luck, Bobwins
gdx +.18 to $25.51 Gold slightly positive to $1416
GDX options have done well for me. Bought 7/19/19 $23 and $24 options for .73 and .40 two weeks ago. Now 2.60 and 1.75. Too bad small investment.
Gold has been in the doghouse for years so upside could be big. We'll see if gold rally continues. As Democrats scramble for attention and get behind policies like Modern Economic Theory(Money printing Version 2.0), gold should benefit.
Full medical benefits for illegal immigrants????
Forgive all student loans???
What's next? Helicopter Money using drones and AI?
this article isn't predicting $3750 by Xmas, just thinking about what conditions might lead to that crazy outcome. These guys have been right about gold since last year so I did read the article.
https://www.thetechnicaltraders.com/could-gold-rally-above-3750-before-december-2019/
Gold popped after FED news. Overnight spiked again to almost 1400 but has faded a bit. We'll see how it does tomorrow. GDX closed at $24 or +1.39%.
If gold holds over $1350, we should have continued strength in gold and gold stocks.
gold still hanging around US$1350. If it breaks out from here, gold miners will take off. Sector has been in the dumper for several years and valuations are ridiculous.
Will the long awaited rally in gold/silver happen or will it be another disappointing ALMOST?
Stay tuned! FED, politicians and BANKS will be manipulating while I adjust my tinfoil hat.
GDX +.31 to $23.54
gold continues to rally, hitting over 1360 in early offshore trading. US range has been 1350 to 1360. Currently 1353.
I bought back into GDX options this week.
Fears of recession are probably driving increased interest in Gold. Inflation remains tame but investors remain nervous about length and durability of current expansion. Global worries over tariff war contribute to uncertainty and of course there's always THE DONALD to throw a little fear and foreboding into the markets.
CNE.to did C$49 million in gross revs for Q1 with 122smmcfpd of natural gas sales. Once the pipeline expansion is complete in mid July, that should jump to 200smmcfpd. Gross revs should jump to C$80million/qtr. Net profits should be multiples of C$6million/qtr that they recorded in Q1.
gold popped over $1350 intraday today but looks weak towards the close.
Decided to close out GDX options at .98 today. Better safe than sorry.
Still been a nice pop in June as gold went from 1280 to 1350 range.
I think that if we want realistic and informative info about any drilling program, we need to read the Delek filings. This drilling program is an important part of their drive to become a Gulf producer but it's still a small part of their global goals. As such, they seem to be doing a much better job than Gulfslope in providing meaningful commentary. Hopefully they will continue to partner with Gulfslope.
good overview of Siyata's current situation. Mainly the size of the potential markets. I think that if the introduction of the UV-350 goes well, Siyata will get bought out. The numbers are big enough that Motorola is a likely acquiror to protect the markets they would lose if/When First Responders AND commercial fleets switch to Push to Talk over Cellular. Paying 2 to $400 million for Siyata would be a drop in the bucket for Motorola, especially if it was a stock deal. But that's just speculation. Need to see some real sales first in both the First Responder and Commercial Fleet markets.
https://www.investorideas.com/news/2019/technology/06052TSXVSIM.asp
SIM.v/SYATF +.015 to C$.465
Now we have to see some real sales by AT&T. They are in control of the sales campaign. Siyata used their recommendation for a US distributor.
Siyata IR says that AT&T is anxious to use the UV-350 to take customers away from other cell companies and Motorola Radio. Every UV-350 will generate a steady $50 of new monthly revs for AT&T AND possibly bring other commercial business.
In my dreams, AT&T subsidizes the upfront cost of the UV-350 to entice new customers to sign up. In return, they get monthly revs into perpetuity like the current Motorola Radio situation. AT&T may decide to put on a big sales campaign while they are the only seller of the UV-350. Verizon is testing the unit now and wants to be able to compete with AT&T for new customers also.
The beauty of this situation is a bit of a two edged sword. Siyata would have had difficulty mounting a real sales campaign to go after both First Responder municipalities as well as commercial fleets in the US. They would have struggled to finance the buildup of a reputable and effective sales force AND finance growing sales. The downside is that they have to give up control of the sales to AT&T and Verizon.
But the huge boost in credibility to have AT&T and Verizon present your product to big fleets OR traditionally ultra conservative municipalities is much more important at this stage of Siyata's development.
GDX +.24 to 22.87 Gold continues it's recent rally to around $1343. It's tried and failed to breach 1350 several times over the past several years. After all the money printing and now the possibility of more money printing by a suddenly dovish FED, Gold really hasn't proven to be a great "hard" money alternative. BUT I have faith that the politicians/FED will try to hide the truth by printing more money and extending the rally at any costs. Inflation has been remarkably tame, which might explain gold tame reaction to the money printing.
I could don my tinfoil hat and explain about government intervention in the markets but that's for other boards.
Gold at a turning point. Will it burst thru or fail again?
I have a tiny position in GDX options 6/21/19 $22 calls. Bought at .25, currently 1.07. Cashed at .55 and 1.01 today. Have my money back so we'll see how GDX does till 6/21.
Afraid Siyata is in "show me" category. Investors will have to see sales jump at higher margins to become believers. Going to take a few qtrs for real sales to add you. Getting approval from Verizon would help increase competition on commercial fleets side.
Finally! AT&T finally approved Siyata UV-350 for First Net use by First Responders. All other devices approved so far have been phones Huge opportunity to equip fire,police, ambulance,school bus fleets. AND AT&T sales will do all the sales work. Why would they promote this tiny company? Because AT&T expects half of new FirstNet subscribers will come from other carriers. New monthly revs.
GLD +1.38(+1.12%) to $124.71. Gold is having another good day, rising $15 to 1326.
GDX is the ETF for senior producers. That's up .72(3.36%) to $22.31
If the rally continues, juniors may finally respond. I hold Superior Gold, SGI.v/SUPGF, which is a Canadian junior operating in Australia. They bought a previous mine that has produced several million oz of gold for pennies on the dollar. They are producing around 100K oz/yr and appear to be returning to profits, after a couple of bad qtrs. Market cap is low for this level of producer at US46million. They have 3million oz of resource.
news flash from bear market territory!
Gold popped over $1300 this morning. While stocks have benefitted from the Fed money printing over the past decade, mining and commodities have been in a terrible bear market. Ask me, I'll tell you! LOL!@
The world still needs metals to make things, especially high tech and energy efficient things. But mining stocks are in the dog house.
This could be the start of a pop in gold. We'll see if it can move above $1300 and hold it for a few weeks.
Then, if that happens, maybe mining stocks will move up. Miners are trying, less successfully, to emulate the oil and gas producers who are consistently lowering costs. So the number of profitable miners is a much smaller percentage than in energy. Mining hasn't had the same kind of technological revolution as fracking brought to energy.
GDX +.80 to 21.58 +3.9%
On Q1 conference call, CEO says AT&T approval is imminent and expects sales of UV-350 in US by Q2. So in the next 5 weeks, we should get a pr saying AT&T has approved UV-350 for US sales. Was very optimistic on call, saying a few US companies have tested and were all positive about device.
Been waiting several years for this to happen. CEO said US approval was much harder than Canada, Israel, etc. Said AT&T was very protective of their network and so required many revisions to hardware and software.
Verizon also testing but expected to approve soon after AT&T.
CEO says US markets many times bigger than any other so expecting 100K units/yr once they get going. At $1,000/unit, that's $100million/yr opportunity, which would be massive for Siyata.
Should find out pretty quick if he's blowing smoke or finally right about launch.
Missed Siyata conference call but someone reported on Stockhouse that CEO says AT&T sales should start in Q2. That's in the next 5 weeks! We are close to the start line! But they have promised this before. What can be holding up AT&T??
Stock is doing ok on low volume. +.035 to C$.435.
https://finance.yahoo.com/news/siyata-mobile-reports-3-04m-221138230.html
This is slightly better than I expected. The launch in their previous main market of Israel probably helped. Conference might shed some more light on WHEN they launch in the US. That is all that matters now.
Siyata Mobile Reports $3.04M in Q1 2019
2019 News, Siyata Mobile | Thursday, May 23rd, 2019
Montréal, QC – Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the “Company” or “Siyata”) announces that it has filed its 2019 Q1 financial results and will hold a conference call on Friday May 24th, 2019 at 09:00 AM EST to discuss the results and provide a corporate update.
2019 Q1 Financial Highlights
Revenue for the quarter was $3.04M versus $3.02M in Q1 2018 as higher 4G portfolio sales begins to replace end of life 3G portfolio
Q1 2019 gross margin of 28%, a slight increase over Q1 2018 of 27.8%, as higher 4G GM begin to offset lower 3G GM
Adjusted EBITDA is negative $929,333 versus negative EBITDA of $833,000 in Q1 2018, due to an increase in SG&A of ~$110,000
Cash on hand of $5.1M and working capital of $8.5M includes $1.2M in advances to suppliers for 4G inventory
The Q1 2019 portfolio sales mix consisted of 60% 3G and 40% 4G representing the highest percentage mix of 4G sales in a quarter reported to date. As a comparison, in 2018 3G accounted for 80% of sales mix and 4G represented 20%.
With the upcoming US Launch of the UV350, the Company anticipates that 4G device sales and accessories will soon begin to dominate the portfolio sales mix, leading to higher revenue and continued increases in 4G portfolio margins and company-wide gross margin. With the major expenses accounted for in the launch of the UV350, coupled with the existing carrier sales channels and infrastructure in place, the Company does not anticipate significant increases in SG&A for the launch of UV350 through US Tier 1 carriers and other strategic distribution partners.
Marc Seelenfreund, President and Chairman of Siyata Mobile states, “Although the last three quarters have been relatively flat due to declining 3G sales, we have now launched our 4G portfolio with four leading carriers, including Bell Mobility, Motorola Israel, Pelephone and Partner Communications which are now beginning to see momentum. The US launch is now imminently upon us and represents an opportunity many times the size of all our existing sales and distribution channels combined and we are excited to be updating our shareholders very shortly on this highly anticipated roll out.”
The Company has been working with Tier 1 US carrier sales teams in numerous jurisdictions and first responder counties in the United States, completing installations and trials, in which orders are expected upon commercial launch. The Company and its carrier partners continue to see growing world-wide demand for 4G/LTE PTT devices in all verticals of the enterprise market including the “in-vehicle” category.
The Uniden® UV350 is the first and only dedicated in-vehicle smartphone to bring carrier grade PTT, voice, GPS, video and other data applications in one single device allowing drivers to keep their “eyes on the road and hands on the wheel.”
Safe and reliable communication is imperative for first responders and public safety professionals that are required to operate vehicles. The UV350 is the first 4G/LTE vehicle smartphone with carrier supported Push-to-Talk (PTT), voice calls, and data applications all on a perfectly sized 5.5” horizontal screen. Always connected and always powered, its dedicated microphone and speakers bring crystal clear extra loud sound quality, with the added benefits of extended cellular and GPS coverage to provide unprecedented in-vehicle cellular coverage on a nationwide network.
According to the United States Department of Transportation, in 2016 there were 3.5 million First Responder vehicles and 9.7 million commercial vehicles in the United States. Siyata is the first and only company to offer a dedicated in-vehicle cellular solution for the next generation of fleet communication in North America.
The company will hold a conference call on Friday May 24th at 09:00 AM EST (06:00 am PST) to discuss the Q1 2019 results, along with a Q&A session with Siyata Mobile CEO and Chairman, Marc Seelenfreund.
Details of the conference call:
Date: Friday, May 24, 2019
Time: 9:00 AM EST / 6:00 AM PST
North America toll free dial-in number: 1-866-521-4909
International dial-in number: 1-647-427-2311
There will also be a playback of the conference call, available in MP3 format by contacting investor relations below.
SGI.v/SUPGF +.06 to C$.71
Superior Gold is operating an old Australian gold mine that was given up for dead. Acquired mill and land for pennies on the dollar. Has another mill that can be started for minimal capex. Had several qtrs of declining grade that caused losses. Brought in new, experience CEO recently and is attempting a big turnaround. Has 3million+ oz, most not reserves but definitely decent potential and is on pace for 100K oz/yr.
Current market cap is around US$50 million. Very low. Q1 shows lower costs and higher grades. Still needs more work but definitely a step in the right direction.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2072-tsx-venture/sgi/61967-superior-gold-inc-announces-first-quarter-2019-financial-and-operating-results.html?utm_source=newsletter_576&utm_medium=email&utm_campaign=junior-mining-news-for-date-b-j-y
I wonder if oil could get a pop from global tensions.
https://www.bnnbloomberg.ca/saudi-arabia-says-oil-tankers-attacked-as-iran-tensions-rise-1.1257586?spUserID=MjQ3MTk5MzY5NTYS1&spJobID=1463695356&spReportId=MTQ2MzY5NTM1NgS2&spMailingID=26699175
If Iran is about to get dramatically lower revs from oil, maybe they raise tensions to increase the discounted price they are getting for their oil thru the gray markets? Or they get desperate and really do close off the Gulf or Hormuz? Iran + Venezuela could equal higher oil prices or not. US would really start pumping if prices rose above $70!