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CPTMatt Great work.
Zinc property acquisition (not yet closed)
Copper property acquisition (not yet closed)
Silica sand exploration on one of their properties
Those acquisitions were for the cash. They have no interest in the base metal property and can sell them off later
Mineral lab: They have enough to close it, but are working on the last $ that will carry the property through drilling, NI43101 resource and the PEA
meaning no need for further financing. There going to get there and we have a group thats going to help this week.
When there done, thell have less than 90 M OS with 40 Mil warrants at .10
When they close the Lab and start drilling (6 mths to drill the whole property due to no rock) the market will catch on and the 1.5 M market cap will be no more. This is a world class property and its 40km to the port with the major highway going straight through their property. The $4 M in warrants will come in and they'll use that as the down pmt on the 10 - $15M needed for the processing set up. With the finance studys and CF from the lab, they should be able to finance the rest from the banks. This will allow them to process with costs at $500 or less per ton where as all of the Canadian producers are at $1000 - $1200
Yes I think they are that good. Call Dan. Mention me. If it plays out like that, put a multiple on 10 cents a share earnings for future share value on the mine alone.
Be gone for a while
Checkmate28
Dr Air. Avino Silver Solid! At PDAC, Avinio presented right after Excellon. I was waiting to speak with Brendan Cahill and Nisha after the EXN presentation. They decided to stay for the Avino slot so I had to wait. After Avinio presented, we talked and all agreed Avinio was an interesting company. I went home and pounded the DD. Than I put it next to my top silver contender Excellon and thats where they paled THEN. From memory they were going to produce 3 M Ag and 5M ageq this year, at I THINK $12+AISC with minimal bump in 2017 where as Excellon will be at a rate of 3.5 to 4MAuEq with $9ASIC but you have to wait till EOY. Then EXN had much smaller MC
I was looking at USA today but it jumped out of the gate (Ah you). Than I had to compare the value to my new favorite silver producer GORO (I know LOL) and decided I will probably try to buy my 20% GORO shares back for more than I sold them for recently.
Impact Silver one for further DD
Going forward Ill call GORO & DNI Metals as no brainers. More on DNI later when they close the financing. I find them early and this is going to surprise the market. I added the 200k today at .045 which was most of the volume plus Im in the financing. Only thing Im buying lately. Laying it out because this is my come back to post 90 days from now :)
If Gowest can get the permits, they are way undervalued and under appreciated at .07 If I didnt have so much, Id be buying that today at the .07. Its insane what Onterio is not doing right now. Also would buy AR.T Argonaut or EXN an any decent pull back and AUMN on strong pull back.
Im hoping for sell in May and go away to present something we can jump on because psychologically its hard to buy something so much up.
Trader GWA.V So involved with other stories, I didn't even notice the volume. Personally GWA is one of my favorite stories, but I was just like Greg Romain the CEO, Frustrated as can be, with the Ontario permitting process. They're that inch away from moving forward, but the months turn into more months and Im just burned out waiting. Perhaps the article woke up the market as to the closeness of their producing status and the potential of the company to be a profitable Timmins producer with a low CAPEX high IRR Pre feasibility study in hand.
or
thinking out loud, There was a large share holder Pat Sheridan who passed away bout a year ago. I think the family wanted to move some shares but couldnt with the lack of interest. Possibly an arranged trade taking advantage of some interest. This has been an overhang for awhile as they drizzled them off.
or GWA is looking to move something forward and larger share holders are selling so as to have money available for a future financing say to carry the bulk sample? This would probably assume that the permits came through or knowledge of such.
Ive been noticing GWA everyday now going no where, thinking, they have to be the last near term quality development project to be noticed.
I havent talked with them in a week so have no clue right now.
Checkmate28
AUMN +65% EXN.T +15% Checkmate picks +500% 2016 alone
Silver minors On a tear with just a small bump in silver, giving a glimmer of hope for the future. Posted both those here this year multiple times.
Unbelievable, a person can kick im self in the rear for taking a 2 - 300% profit and than watching it carry on higher. LOL happy to take profits on half the position.
I was able to erase my metals losses for the last 5 years by adding large amounts of cheap shares of quality companies the last 12 months.
2016 high and low for the following
AUMN FROM .15 TO .97
EXN From .21 to .97
GWA.V Gowest Gold Traderfan This ones for you! Great article on the Onterio permitting process.
Approval process going too slow for Gowest
By Len Gillis
Thursday, April 7, 2016 11:11:07 EDT PM
image:
Greg Romain, the president and CEO of Gowest Gold, a junior mining company, challenged the Timmins business community on Thursday be more pro-active in getting government to speed up the mine permitting and consultation process. Romain complained that a snails-pace permitting process will hurt Ontarios mining industry.
Greg Romain, the president and CEO of Gowest Gold, a junior mining company, challenged the Timmins business community on Thursday be more pro-active in getting government to speed up the mine permitting and consultation process. Romain complained that a snails-pace permitting process will hurt Ontario’s mining industry.
TIMMINS - The Timmins man in charge of the Gowest Gold mining project in Timmins has challenged the city’s business community to do something about the slow pace of permitting.
Gregory Romain, the president and CEO of Gowest was the guest speaker at a Timmins Chamber of Commerce lunch event Thursday.
Gowest is a junior gold exploration company working to develop the North Timmins Gold project located roughly 35 kilometres north of the built-up area of Timmins. The project, which is part of the well-known Bradshaw gold venture, has more than 400,000 indicated ounces of gold and more than 750,000 ounces inferred.
Romain told the chamber lunch crowd he is confident the property will eventually become a mine, but there was clear frustration in his voice as he spoke of the permitting process.
Permitting is the process where mining companies submit comprehensive work plans and outlines in order to get approval from numerous government ministries and agencies. In many cases this can require months, sometimes years of research and produce thousands of pages of paperwork.
As he noted that spring is almost here along with the arrival of golf season, Romain drew a parallel between golfing and mining. He said it would seem that things are pretty straightforward until you end up in the sand trap, which he said is like the “permit trap” in mining.
“It’s a place where sometimes you question whether you’re ever going to get out,” Romain quipped. He said the permitting requirements are reasonable and community consultations are a must, but he said he is concerned about the process and timing.
He said on the Bradshaw Gold property, baseline studies were carried out in 2009 and yet here in April 2016, Gowest is still waiting for two final permits, which are in review.
He also said Ontario’s record in the area of permitting and consultation is poor.
“The process has become far too complex and time consuming and should be of grave concern to all of you,” told the audience.
He said a recent write-up by the Fraser Institute indicated that Ontario ranks last in Canada for permitting.
Romain challenged the business community to take action on the issue.
“I think it is incumbent on you as business people to pressure both the provincial and federal governments to come up with a process immediately that will address the concerns of all stakeholders,” said Romain.
“It is very difficult to put the onus on the proponent — in this case the mining companies — to figure out a solution, especially small juniors like ours. It’s hard to raise money and then you’re trying to multi-task all this. It’s really complicated.”
“It’s my concern that if things keep up the way they are going, there will be fewer and fewer mines built and exploration will continue to drop off, which is not good for the community,” said the man who grew up in Timmins and graduated from O’Gorman High School before obtaining a degree at Ryerson University.
Romain said mines create sustainable jobs for the mining supply companies as well as a reliable tax base for their host community.
He has an ally in Timmins Mayor Steve Black who also took part in the lunch event. Black described one of the key concerns in the process is that it is not the same for every company.
“What you heard today is the permitting and consultation process and lack of standardization in terms of timelines for both of those processes, continues to be a challenge, not just for Gowest but for mines throughout Northern Ontario,” said the mayor.
He said this is something Timmins will continue to lobby for. Black said he spoke to several mining executives at the recent prospectors convention in Toronto, where he was reminded that it used to be a five-year process in Ontario from the point where minerals were discovered to the point where a mine would go into operation.
“Most of them feel that now it is a 10- to 15-year process and that is damaging to the industry as a whole. You always need to be developing that next wave of mines,” he said.
As older mines shut down, Black said the hope is that the new prospects will become new mining operations that create new jobs.
“The issue right now is that when a company walks in, they don’t know what they’re walking into, in terms of a consultation process, what the requirements are they have to fulfil. It changes mine-to-mine and operation-to-operation and depending on the area you’re dealing with. It is something we believe should be standardized going forward and hopefully the upper levels of government put that in place,” said Black.
Aside from that, Black said the Gowest project itself “was really great news” for Timmins.
Romain was pleased to say the project is well positioned to succeed.
“Geologically speaking, the project is situated along the Pipestone Fault, north of famous Porcupine-Destor Fault where 70 million ounces of gold has been mined over the last 100 years,” said Romain.
“We believe the Pipestone Fault in turning out to be a new gold trend.”
He also revealed that the grade of gold mineralization so far shows an average of five grams per tonne, which he said is easily above both national and international standards.
Romain said the layout of the mineralization shows a property best suited to a shallow depth underground mining, as opposed to pit mining. He said the first development stopes would occur at about the 45-metre level.
Romain also revealed that a pre-feasibility study (PFS) was completed last summer on the Bradshaw deposit. Gowest had signed a letter of agreement with Kidd Operations for milling Gowest based on 1,500 tonnes per day. He said it turns out that the mining rate would be close to 800 tonnes per day.
“We didn’t have enough tonnage to feed Kidd mill, but they were very good with us and they believed in what we were doing.”
Romain said there are still other options in the city where Gowest can use contract milling.
The company has experimented with ore-sorting technology that allows crushed rock, containing arsenopyrite, passing by on a conveyor belt to be X-rayed. Romain said there is a very strong association between arsenopyrite and gold. He said if arsenopyrite is not detected in the X-ray, the rock sample is automatically pushed aside.
“Results have shown that we can reject over 50% of the waste rock before the material is shipped to the mill. The effect is that we lower our cost by shipping less waste and we effectively double the gold rate being processed at the mill,” Romain explained.
Going forward for 2016, Romain said his priorities are to get his final operating permits approved and to get milling contracts for more bulk sampling of Gowest ore
Read more at http://www.stockhouse.com/companies/bullboard/bullboard/v.gwa/gowest-gold-ltd#5BtbkMku4Ta5csZp.99
Excellon Resources EXN.T +20% again today. 4 Bagger for the year. Has to be the best performer on the Toronto or Venture this year
I think the market is waking up and Excellon is in the right place at the right time.
The turn around here was easy to see if you put in the DD.
Eric Sprotts investment validated the story and the value.
I called the company. They are entering the two high grade areas that will pave the way for a stronger showing Q1 and even stronger Q2.
Stage 1 of the de watering program was just upgrading all the current pumps to flow much more water that has provided positive results already.
They are currently working on stage 2 where they will dig the wells that will also have pumps. This is the set up that will bring the entire water table down throughout the resource area. This means no more flooding delays of grouting. They will be able to just go down and access the 2 high grade areas at 1200+ and 1777gpt.
If they get another couple dollars in the price of silver they will be able to start drilling immediately.
Checkmate28
Dareguy Thanks Newmarket and Metanor look like great candidates also. I was fighting with myself to buy Metanor at .035 for about a month. I couldn't buy it because of all the missed past promises from the mgt. They have a bright future as well esp with the nw discoverys. I may buy some Newmarket at some point soon. Strong company any way you look at it and its still cheap.
People throwing eggs at Eric Sprott due to his pics in the past not performing, but no one expected the market to drop so low, or the Fed to manipulate the market so strongly. Guys like EC going to come out swinging and make up that lost ground quickly IMO.
I got another great company Ive been following closely for over 1 year. Working on getting the DD together than Ill post it.
EXN.T Screaming + 20% Near a 4 bagger since my Nov post Why? Read the bold in the below post
checkmate28 Monday, 11/02/15 11:57:54 AM
Post # 32016 of 32278 Go
EXN.T Excellon Resources. Trading at $17MC. I would call this Great buy today. I dont think the market sees where this is going. Todays financing was more than fair for a the $6 Million they need to fully pay for their de-watering project. They are going to tackle it for good and this turn around will happen fast.
First off, they projected needing $10M for the dewatering project. They now say $6M will do the entire project. The new IRR will be over 100% based on similar metals price today.
1,231 g/t Ag (1,766 g/t AgEq Thats almost 70 US ounces per ton.
The Company is currently accessing the periphery of the high-grade 623 Manto, hosting mineral resources of 83,000 tonnes at 1,231 g/t Ag (1,766 g/t AgEq), which is expected to reach full production during 2016 as ramps providing full access to the manto are completed.
Optimization Project: PEA Highlights
Base case of $17/oz silver, $0.90/lb lead, $1.00/lb zinc
2016 - 2019
$58.4 million cumulative net after-tax cash flow
• $6.02 average total cash cost per payable silver ounce
• $9.00 average all-in sustaining cost per payable silver ounce
They should be producing at $4Million AuEg oz very profitably somewhere mid 2016. The increased cash flow will allow them to follow up their drilling program that could change the company in a bigger way.
Checkmate28
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118174341
mytvsbroke RE EXN Welcome. My biggest question is what are the plans for the Sprott $3M My thoughts are, that they currently have the money they need to finish the de watering program which will put the company on cruise control towards cash flowing end of year and producing at a rate of 3.5-4M oz/year AgEq rate.
With Sprotts money, I guess that they are drilling out the Rincon del Caido discovery about 1km from the mill shown on slides 16 - 19 on the presentation. Further Success here would be a game changer. They were drilling there with success before the market turned sour. I imagine Mr Sprott silver is very interested in this discovery.
http://www.excellonresources.com/images/Presentation/2016/EXN_Corporate_Presentation_-_March_24_2016_-_minimized.pdf
EXN.T Excellon Res. +15% to .61 Largest green % again on my 50 minors list on news that Eric Sprott liked EXN so much yesterday that he invested $3 Million in Excellon at .45/shr
Now up 200% off the lows from Dec15 - Jan16 and I still don't see a better valued silver stock when looking at risk vs reward.
Calculation for Future share price.
From the 2015 Annual report
http://web.tmxmoney.com/article.php?newsid=83788928&qm_symbol=EXN
Mine development continues to be a priority for 2016 as the Company accesses the Rodilla and high-grade 623 mantos, the latter of which hosts mineral resources of 83,000 tonnes at 1,232 g/t Ag (1,777 g/t AgEq).
where else can you measure grade in pounds per tonne? 3.7 PPT
Silver in the 623 Mantos they are nearing.
83000 T x 1777 g/t AgEq = 147,491,000 grams
147,491,000 grams / 28.4 gpo = 5,193,345 ounces in the 623
Mill capacity is 650tpd
83,000 tonnes @ 650tpd = 128 days of full production 1777 gpt
The question is when in 2016 will they hit the 1777gpt 623 mantos
Surly they will be blending this ore with the other areas, but there will be a nice boost to the bottom line at this time.
Another calculation for thoughts. If I set up an equation, I get that if
1777gpt nets 5,193,345 ounces yearly production, than
1400 gpt nets about 4,000,000 ounces yearly production.
If the AISC is $9/oz and silver averages just $16/oz, than there is $7/oz or ($28Million) to to pay some taxes, CAPEX and drilling out the CURD mantos. Great time for Excellon to use the $22 Million lose carry forward on that first $22m Profit.
Possible share price calculation. If they were to cash flow just $10 Million and we applies a 8X to that CF , we deduce a fair value market cap at $80 million.
Current MC @ .50/SHARE = $27m
Future share price based on shares getting to fair value at $80 million MC is over $1.50
If silver moved to $23/oz than we could double the margin above, and double the fair value MC and the shares would price at $3/ share
My only point is to point out the potential here, and why I think this is one of the best values with the best risk/reward ratio out there today. Im looking to see $1 per share this year conservatively, even if silver stays at these levels.
Buy the pull back.
Checkmate28
EXN.T Excellon Resources Halted. I've been recently posting about the current value this company offers. Yesterday, they had their biggest volume day ever in shares traded, then today they were the highest green % on my list and now the halt.
Im leaning towards EXN is in the acqusition mode and not being acquired.
I heard Ex Chairman Peter Cosgrove speak to BNN in 2015 about acquisitions plans on the drawing board. Currently the company has been vocal about printing their intentions to make an acretive acquisition. After all, the brilliant acquisition of the current Migual Auza mill and property was the vehicle that allowed them to put so much value on the board currently.
Link back for my reasons this may be the best value out there in the silver producer arena.
Dareguy, Excellon Pink Sheet EXLLD
EXN.T Excellon Resources Traded at .54 + 150% from 2016 low. Havent mentioned this much because I was still accumulating and its not very liquid. The following 2 posts are still 100% the reason this will move much higher the coming months. To back me up, Greg McCoach in a presentation at March 8th PDAC said Excellon was an easy 10 bagger.
checkmate28 Monday, 11/02/15 11:57:54 AM Post # 32016
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118174341
EXN.T Excellon Resources. Trading at $17MC. I would call this Great buy today. I dont think the market sees where this is going. Todays financing was more than fair for a the $6 Million they need to fully pay for their de-watering project. They are going to tackle it for good and this turn around will happen fast.
First off, they projected needing $10M for the dewatering project. They now say $6M will do the entire project. The new IRR will be over 100% based on similar metals price today.
1,231 g/t Ag (1,766 g/t AgEq Thats almost 70 US ounces per ton.
The Company is currently accessing the periphery of the high-grade 623 Manto, hosting mineral resources of 83,000 tonnes at 1,231 g/t Ag (1,766 g/t AgEq), which is expected to reach full production during 2016 as ramps providing full access to the manto are completed.
Optimization Project: PEA Highlights
Base case of $17/oz silver, $0.90/lb lead, $1.00/lb zinc
2016 - 2019
$58.4 million cumulative net after-tax cash flow
• $6.02 average total cash cost per payable silver ounce
• $9.00 average all-in sustaining cost per payable silver ounce
They should be producing at $4Million AuEg oz very profitably somewhere mid 2016. The increased cash flow will allow them to follow up their drilling program that could change the company in a bigger way.
Checkmate28
also
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118446304
Checkmate said
While they lost money this quarter, this report clearly presents the path Excellon is on. Trading now near 1x next years CF
Currently I am holding for at least $1.00 this year. After the water table is drawn down and production level increases to 4Million OPY we can calculate the following.
4,000,000oz X AISC $9 @ leaves a $7 margin ($16Ag) or $28 million. CAPEX will be low, but they need to drill and they will. That is another good story in itself but requires some DD. They will also have cash for M @ A should something arise. They will be producing at 1200 GPT or 6 times the grade of the average silver producer producing around 200gpt.
This is easy stuff here. Excellon just needs to finish its paid for Dewatering program later mid 2016.
I know its been fairly easy lately but all my most posted companies last 12 mths AG.T GORO ICG.V AUMN EXN.T SAS.T(bought) & GWA.V all recent home runs. I Still like all of the above. Soon GWA Gowest Gold might be ready for a pop when the environmental permit comes in laying the grounds for execution of financing of the bulk sample that is backed by a low CAPEX, High IRR and sub $900AISC pre feas. Soon possibly DNI.ca will be on that list. DNI is an amazing little company with 3 sources of cash flow soon & trading at about $2M MC More on this when I have time and when I feel 100% confident they will succeed.
Checkmate28 GLTA
AR.t Argonaut Gold Announces 2015 Rev of $158.6M and $42.7M Cash Flow from Operations
2015 136,874 OZ PRODUCTION @ AISC $865
2016 Goals Catalysts
Higher grades lower costs Q2.
2016 CAPEX down $17M from 2015
Ensure all three development projects are shovel ready.
Magino project updated PFS make this project stand out as one of the top undeveloped gold assets in North America from a payback, IRR and NPV perspective. We are exploring ways to unlock the value of this project through responsible financing options.
San Agustin project plans to link the project with El Castillo's infrastructure, thereby reducing the upfront capital and improving the cost structure. construction decision in 2016.
At San Antonio, working to move the project forward with permitting and local community
2016 production guidance, 130,000 to 140,000 w cash costs of $750 to $800 per ounce sold. Due to declining gold prices in the second half of 2015, the Company is prepared to operate in a $1,000 gold price environment.
Currently trading at an EV of about $220M, debt free and operating in a safe jurisdiction. Should be producing 400,000 by 2020.
Resource 12 million oz of M&I and excellent exploration potential.
Ill be adding this summer on any softness
Easy 10 bagger if gold gets anywhere near the old high.
Checkmate28
EDV.T Bobwins said Endeavour has production, cash and the financial savvy to acquire producing or near producing assets at a fair price. Sooner or later, the market is going to value Endeavour more like other mid tier producers and then the price should move towards a double from here.
I hear you. Their Hunde and new Karma mine should take them to 900koz in a year or 2 with these new additions lowering the company wide AISC average.
Risk is off. They can cash flow through anything
EDV.t halted. Conference call in 20 minutes
DMM Dynasty Metals Things have changed since I was DDing the story few years back but looks like Bobwins was there back then as well.
Small scale mining difinition is 300 tpd per concessions = 3% royalty
above 300tpd = 4% royalty
Zuruma has 5 concessions. ( 5 x 300 = 1500tpd)
1.1 Moz M&I & 1.5 Moz Inferred resource. 14gpt Head grade 10gpt
Dynasty Goldfields: resource has 7 concessions. Is 150KM away. Trucking costs is about half gram in cost to the Zuruma mill.
Just Received the Environmental Authorization for mining so this looks like future catalysts on deck. There is at least one open pit w/2.5million oz gold eq grading 5gpt at this Dynesty property
Company wide: 6 million oz gold and 27 mil oz silver, 3 mines and built a world class Mill with 1200tpd capacity now. Upgradable to 2400tpd by adding 2 tanks. They Own 4 drills, have No contract labor. Grades are very high everywhere .
CEO Rob Washer hands on and grooved in with local gov
Washer also has about 29% of OS
With a Market cap in the teens I like it. Would be double or triple the cost in a better jurisdiction
LoneClone DMM Lets do a cross trade. Ill take those ones you want to sell for .30
Checkmate28
Thanks Dr Air. I passed on DPM due to jurisdiction. I may be overly cautious, but for me personally, given everything else being equal with 2 companies, I need to allow about a 30% increase in market cap to a good friendly premium jurisdiction when doing a comparison.
I did however take a dip in DMM Dynasty metals today.
I like Terenga at an EV near 150 with +200k oz 2016 guidance at mid 900s AISC. Great exploration potential at both propertys and enough CF to keep things moving. Much lower EV and I might have to pick some up. Maybe you can shed some light on one of your old favs
Going to be very busy at PDAC this year. They have 4 rooms of presentations going Mon and Tues all day. Previous years were only 2
AR.T Argonot Now +100% in 2016 Straight shot up since my Argonot is cheap post Jan 14th Link back for details.
Still a solid buy for a solid well run company but Im waiting for a pullback
DPM.TO/DPLMF Interesting you should mention it, as yesterday I was searching through my SH portfolios for companys that had missed the run up. Everything I like has run up and Im waiting for retracements. I Had a look at Dundee. Buying may have been from laggard purchases.
AUMN Golden Minerals .67 now up 350% in 30 days
Was just way to cheap with too many large catalysts. Might be rumblings of a JV in Argentina? Buyout? Mine opening? Discovery? MC now looks in line to be at fair value in my opinion.
LC Had DMM.TO on my radar for a number of years. Yes that story /fundamentals are amazing relative to MC, but that local bureaucracy has kept everyone away from the shares. You say they are small enough to get more favorable tax treatment, probably right, thats also been true because their more the homeland mom and pop local friendly mine. As they get bigger they may fall to the 50% tax.
I was invited and attended the Equador afterglow at PDAC last year. I used to follow Dynasty closely, hoping to strike right before Equador made an official fair market for the mining companys. Was planning to ride the wave as they moved to a valuation that matched the fundamentals but gave up. I was thinking DMM is sandbagging, by producing just enough to keep things going, while building out the infrastructure, in hopes to put things in high gear when the time was right. Good luck, seriously Id like to see that company go. Id feel good just to know I was on the right path.
Bobwins EDV Nice action. It just wont stop! Can imagine another $100 on the POG and another $50M CF
bbotcs GORO paid .72 cent divy one year. If your cost basis in less than todays price, and the divy goes back to .72, you get a double wammy. First your yield will be near 50% from the divy and the shares will be up to $30 again if they are flowing enough $ to pay that divy again. I can only imagine what that will feel like!
Huesos GORO I think GORO back in that day guided for more than they could produce, pun intended, therefore it was over bought. That along with the transformation from the pit to the underground mining took a lot longer than expected. I think the newer mgt is looking to be more conservative in their guidance.
Im counting on at least a small pullback before I add.
AUMN +25% TODAY AND 200% FROM THE YEAR LOW! Obviously someone else noticed the value I saw. Link back 2 posts for the solid reasons this had huge underlying value.
Its nice that we finally might get some rewards for hard work. Finding beat up companies with solid mgt, solid assets, multiple large potential catalysts at market caps way low, compared to these factors, are where Ill continue looking for the home runs.
Checkmate28
bbotcs GORO If I could choose one company to ride my future on now, it would be GORO. I think a better opp for price is coming!
Is also the stock I will recommend to friends and family now, due to the risk reward ratio that favors high reward vs low risk IMO.
I think GORO is under appreciated (pun intended as either definition of appreciated works) because of the way they've moved forward without the help of the banks and didn't set out up front, to drill the NI43 101 resource first. For this reason they don't get much coverage.
I wrote this on 12/30 but its also what Id write now.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119505668
I think they are less focused on the numbers Now and more focused on soon.
The new Neveda propertys could be very hot. Would allow GORO to have 2 projects and the Reids to have a project in their back yard.
They have a lot of flexibility going forward due to reduced divy, higher price of metals, higher production that should allow them to have no problem funding the growth CAPEX.
Checkmate28
Yes Matt I remember as well :) Chen and nearly 10 out of 10 commodity or precious metals investors have egg on their face. Its one thing to deal with the normal market forces, but metals investors never knew just how much the Fed/Banksters/Elitests were going to manipulate the markets. You can only stretch the disconnect so far and the market has to have its way?
My theory going forward is, if we believe metals are going up, then we have to find the strongest companys with the best mgt or the ones with the largest potential catalysts relative to their market caps, and act on that. I believe either we've seen the bottom or its coming very soon and then we get the up cycle.
Not a matter of if, but when. Much lower than $1000 gold and we'll get a sector destruction.
Chen had good reason to like the company before (Huge assets, huge catalysts, solid mgt, great share structure) but the risk factor cashed in. Both Jurisdiction & price of metals cashed in heavy like my post said. Fortunately mgt was able to keep things together as AUMN had not gotten to CF king status yet during the good times. I like the mgt and have stayed in touch along the way and at PDAC. I now like the story going forward if metals stay even or go up. They have lots of tools now and El Quevar is not on any radars and therefor free in the valuation and thats a big freeby.
Jurisdiction got me a couple times and big on Mart which is why I like to stay on this continent.
For now, we need leverage, either from buying solid companys way cheap or from buying the companys with the best future value calculated off what we believe to be the future value of the product and how much of it.
Goro for instance. If the FV is $33/share at $1800 gold A person could have bought it at 1.15 this month and 30x their money at $33. If you wait for $3.30 GORO you only 10x. Little off topic but felt like rambling.
Anyone else have a different outlook in general?
Have a great weekend everyone!
AUMN Golden Minerals up to .36 from .15 less than 30 days ago. Been on a tear lately for 2 reasons. Much Risk is now off.
1) There was risk due to them having the ability to repay a $5M loan later this year. I knew management was to strong to let that happen. Today they announced a deal to convert $4M into shares. Sentiment group ended up with a sweet deal getting the shares for .17 which was the avg of the shares 2 weeks before the deal. AUMN now has cash to move forward. AUMN was always a low float company. They will now have about 75M OS and a MC in the low 20S
2) Golden Minerals has a GOLDEN silver property in Argentina called El Quevar with district potential. That was seriously devalued when the the government was changed against the minors. In November 2015 it changed back to favor the minors so much risk is off. El Quevar should be JV'd eventually raising largly the value of Golden minerals.
They have 2 mills, one shut down and the other leased to Heckla. There is actually a fair amount of CF to AUMN from the toll deal plus they have cash enough to finish drilling off one of their new propertys which they would use to feed their idle oxide mill.
Link back for why I bought in June and added recently, knowing this mgt team would bring back the value, while not knowing silver had much more downside in June 15.
So catalysts and leverage are lining up for a company that once traded over $29
Trader GWA.V I know like watching grass grow right now LOL I was watching it as one not partaking in the rally. I was hoping it would go to .06 at which point I would throw a bid and add some more. Permitting has to be close and the Timmins producers are cranking right now.
JustForFun7 Just wondering if you feasted on any of the Timmins minors? There all up nicely.
75% of all minors are headquartered in Canada. There is still tonnes of gold everywhere in Timmins to be discovered. If not the best, they have nearly the best infrastructure anywhere. Always going to justify a nice premium. There is lots of areas, that due to heavy overburden, were previously not able to be explored with typical geo studies. The soil samples are useless with 10 meters of overburden. Newer technology's are now able to look in the ground with electronic geo magnetic studys that find the hot targets. This should keep Timmins a hot area for many years. When M & A heats up, there should be lots of activity.
While other areas may provide opportunity with the same fundamentals, I like to keep my investments mostly on this continent. USA/CA/MX
I kept some dry powder hoping for the coming dip. Still hope it comes.
Just my 2 cents.
Checkmate28
LC should have the inside on this one. LSG trading resumed with comments of no deal
http://incakolanews.blogspot.ca/
LSG.T Lakeshore gold Halted. Whats the rumor?? This one could be interesting. Up 10% on 10 million shares before the halt
TF GWA One thing for sure. Wheather GWA has an agreement of the minds for great options for financing, or not, one thing for sure, there is no mine and no project to finance, without the permits. They need to ring in these permits and the gov is taking their time. Onterio permitting is in the CYA mode and taking longer these days, esp with the environmental blunders lately. ....
In the mean time, rather than sitting on their hands, GWA IS moving forward on other fronts. Once the first permit is in, the others will fall in quick. Im guessing after the first permit comes in, they will be non stop working on a good financing deal. In 30 - 60 days, gold could be $950 or $1250. This would effect the prospects? My guess is gold heads lower after the January effect is over and that will be the last chance to grab the best for the least.
Truth is if the POG was a few hundred higher all along, Gowest would have had more cash and made more progress sooner. I've been here much much to long, but thankful they kept it all together. There almost there. For .06 per share, Im thinking of adding esp as everything else moves up.
GORO UP nearly 20% today. Was my favorite horse/laggard to buy last few days. Still one of the best values going forward if you can get it later for 1.30 or less.
Even after todays bump, you get an 80k oz low cost producer in a solid jurisdiction with excellent catalysts for an EV near $70 Million.
Not many on board here, but this is going to surprise many going forward.
EXN Excellon Resources up 11%
SA +20% last 2 days
Excellent interview of Bob Moriarty calling the bottom but also calling a nice dip on the metals coming that will provide the best opportunity to buy the metals. Just what we've been waiting for, the last dip before the next bull market. Avi Gilburt just called the exact call about a week ago. He was tormented for calling gold to go down since $1900 but was right on all the way.
http://ceo.ca/2016/02/03/calling-gold-bottom-and-what-bob-moriarty-is-doing-with-his-money-ceo-ca-podcast/
Also good piece just out from Rick Rule
Rick Rule: $2-$3B Gold Deposits That Can Now Be Bought For $15mm—Will Command A $2-$3B Price
AR.T Just hit $1.14 up nearly 50% from my AR is cheap post less then 3 weeks ago. Its still a value leader but I wouldnt be a buyer today.
GWA.v PR With comments Gowest Gold Provides Update at North Timmins Gold Project
TORONTO, ONTARIO--(Marketwired - Feb. 3, 2016) - Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA) is pleased to provide an update on its development plans for the Company's North Timmins Gold Project ("NTGP"), including plans to build the next new gold mine in the Timmins gold camp on the Frankfield Property at the Bradshaw Gold Deposit ("Bradshaw").
Advanced Exploration ("AE") permitting process is in the final stages of review, but has been delayed by Ontario government processing ** The reason for the project delay
Revised target to commence site preparation work and mine development at Bradshaw: Q3 2016 and AE bulk sample collection to begin latter part of Q4 2016 **$20 Million needed here, but revs will come from the sample and may even be used to back a loan.
Previous Bradshaw area drill results proximal but not included in the resource estimation, due to insufficient drilling, provide opportunity with further drilling to expand resources - drilling plans are being prepared ** ThESE NEXT 3 bullets are funded. I believe GOWEST will increase the resource significantly, update the pre feas to show near 100k oz/yr high cashflow production. The market will see the potential that they are the next Timmins blooming midtier. They will be a buy out target
Ongoing technical review indicates excellent potential to expand the global NTGP gold resource beyond Bradshaw deposit area
Planning new geophysical surveys followed up by drill programs at Sheridan and Roussain gold zones
Gowest's President and CEO, Greg Romain, said, "While we have accomplished a great deal in 2015, both on the technical side and in financing, it remains clear that the current uncertainty in equity and commodity markets has forced us to delay near term development of the Bradshaw gold mine. However, in addition to Bradshaw, we have a very large asset in the NTGP and we believe it is possible to expand the current project resource. Importantly, we also have a strong partner in Fortune Future that has independently come to the same conclusion. Working with them, as well as examining a number of other financing alternatives, we look forward to making 2016 a year of significant progress for all of our shareholders. We will continue to provide the market with updates as developments occur."
2015 ACCOMPLISHMENTS
Completed a robust pre-feasibility study on the Bradshaw Deposit (SEDAR July 2015)
Filed a closure plan for advanced exploration on the Bradshaw with Ministry of Northern Development & Mines (Q3 2015)
Submitted all permit applications for advanced exploration (Q3 2015)
Purchased the 1.5% royalty held by SPG Royalty on the Frankfield Property (includes Bradshaw Deposit) (SEDAR December 2015)
Acquired patented contiguous claim block to our Whitney Claims (SEDAR August 2015)
Raised a total of $3.92 million (Exercise of Warrants SEDAR October 2015; and, Private Placement SEDAR December 2015)
Upgraded and expanded haul road to access planned Bradshaw portal (Q4 2015)
2016 OBJECTIVES:
Secure all necessary permits from the Ontario government to begin AE (H1 2016)
Secure all required contracts and funding to allow for the mining and processing of the Bradshaw AE bulk sample (Q3 2016)
Complete the necessary exploration work to satisfy the option/joint venture agreement with Transition Metals (April 2016)
Complete strategic exploration plans to increase the resource at Bradshaw, to develop new resources at Sheridan, Roussain and Dowe zones at NTGP and investigate the Whitney Property
Investigate strategic opportunities outside NTGP
The Company will be attending the PDAC from March 6-9 at the Toronto Convention Centre. Please come by our booth #2824 located in the Investor Exchange to learn more about the project and meet the team.
Qualified Person: The scientific and technical disclosure in this press release has been has been prepared and approved by Mr. Kevin Montgomery, P.Geo., Gowest's Manager of Exploration and a Qualified Person under National Instrument 43-101.
About Gowest
Gowest is a Canadian gold exploration and development company focused on the delineation and development of its 100% owned Bradshaw Gold Deposit (Bradshaw), on the Frankfield Property, part of the Corporation's North Timmins Gold Project (NTGP). Gowest is exploring additional gold targets on its +100-square-kilometre NTGP land package and continues to evaluate the area, which is part of the prolific Timmins, Ontario gold camp. Currently, Bradshaw contains a National Instrument 43-101 Indicated Resource estimated at 2.1 million tonnes ("t") grading 6.19 g/t Au containing 422 thousand oz Au and an Inferred Resource of 3.6 million t grading 6.47 g/t Au containing 755 thousand oz Au. Further, based on the Pre-Feasibility Study produced by Stantec Mining and announced on June 9, 2015, Bradshaw contains Probable Mineral Reserves, using a 3 g/t Au cut-off and utilizing a gold price of US$1,200 / oz, totalling 1.8 million t grading 4.82 g/t Au for 277 thousand oz Au.
Forward-Looking Statements
This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
Gowest Gold Ltd.
Greg Romain
President & CEO
Tel: (416) 363-1210
info@gowestgold.com
Gowest Gold Ltd.
Greg Taylor
Investor Relations
Tel: 905 337-7673 / Mob: 416 605-5120
gregt@gowestgold.com
Justforfun For your recipe gold miner operating in Canada with low costs and expanding production My top 3 in no special order would be:
Lakeshore Gold LSG.T
Kirkland Lake Gold KGI.T
Richmont RIC
All three have made large strides of progress with costs and growth.
All 3 should significantly grow production with low costs going forward.
All 3 shares have done well last couple years
Cant go wrong buying any of the 3
The Abitibi and especially Timmins area is my favorite jurisdiction to invest in gold.
Checkmate 28
Traderfan, I think the trouble is, there has been no news. The longer that goes, the more fear influences the investors. The key to any progress going forward towards production is the permitting finalized. GWA has done everything on there side plus the locals/first nations have had their last chance to ask questions which were satisfactorily answered.The government is taking their sweet time issuing the final permits. In the mean time, they have been working on the infrastructure, including a road to where the ramp will start and are ready to do some drilling on their Transition property. Production will be at Frankfield, but they have 17 other targets, some partially delineated, from the other 99% of their property.
If they could improve the resource to support 100k production over 10 years and update the Pre Feas I think it would significantly upgrade the value. The problem is, the price of gold not supporting a share price or attractive financing, that has them moving at a snails pace.