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Very happy with my investment here. Got in @.48 CAD, so its been great so far but i think we still have an easy double from here and who knows where if someone is serious about taking us out.
Ah okay, i was looking for the number mentioned . That's a slide if i'm not mistaken from the company presentation.
Either way i am in this and will be looking for it to at least double over the next 12 montrhs
What report are you referring to?
Update from TD Securities @ May 16th
Continental Gold Inc.
(CNL-T) C$2.66
New BMZ4 Drill Results; Updated Mine Plan in H2/19
Event This morning, Continental Gold reported high-grade results from the initial 12 holes drilled into BMZ4, a new discovery located in the eastern-most part of the Yaraguá system, at its Buritica gold project (100%) in Colombia. First gold pour is expected by the company in H1/20.
Impact: SLIGHTLY POSITIVE
¦ Highlights: BUSY407 — 10.17 g/t Au over 12.3m; BUSY409 — 7.03 g/t Au over 15.5m; and BUSY411 — 18.69 g/t Au over 5.65m
¦ BMZ4, which is located approximately 60 metres east of BMZ2 in the eastern portion of the Yaraguá system, has been intersected by drilling for more than 200 vertical metres and measures between 25–45 metres in thickness.
¦ BMZ4 remains open at depth with extension drilling currently underway. Three diamond drill rigs are actively turning on this new discovery.
¦ The company's 2019 drilling focus is to define the broad mineralized zones identified to date ahead of planned production in 2020. Recall, the company plans to drill up to 73.5 km (55 km of capitalized definition drilling and 18.5 km of infill drilling) in 2019.
¦ In terms of its critical path, Buritica is approximately 57% complete (as at March 31). Underground development continues to advance ahead of schedule (3.4 km remaining) and is ~76% complete (55% as at December 31).
¦ As a reminder, on January 30, the company released an updated resource estimate, which, in our view, revealed strong growth in overall resources to more than 11 Moz at 9.3 g/t (M&I: 5.3 Moz at 10.3 g/t).
¦ The updated resource outlined significant tonnage within the BMZs, equivalent to more than two years of mining, which we believe may mitigate ramp-up and mining rate risk that is a significant issue for narrow vein gold systems such as Buritica.
¦ An updated reserve estimate and mine plan are expected from the company in late 2019 (reserves currently stand at 3.7 Moz at 8.4 g/t). TD Investment Conclusion We believe that Buritica stands as one of the largest and highest grade, independently owned, in-construction gold projects in the world. We expect the stock to re-rate progressively higher as the company continues to advance the project.
Recommendation: SPEC BUY
Risk: SPECULATIVE 12-Month
Target Price: C$5.00
12-Month Dividend (Est.): C$0.00
12-Month Total Return: 88.0%
Details
February 2016 FS - Updated as per Recent Company Presentation
? At $1,267/oz Au, the NAV5% of the project is estimated at $855mm and the after-tax IRR at 27%, which we regard as robust.
? Production is forecast at 253 koz/year (282 koz/year over the first five years) at AISC of $600/oz. Pre-production capital expenditures are estimated at $512mm.
Balance Sheet
? As at March 31, the company had ~$185mm of available liquidity (consisting of ~$85mm of cash and $100mm from the Streaming Agreement).
Outlook
We have updated our model to reflect the Q1/19 financial results. Net of these and other minor changes, our corporate NAV5% increases to C$4.65/share (from C$4.50/share).
Valuation
We calculate that Continental is currently trading at 0.57x our corporate NAV5%. This is below its closest peer, Lundin Gold (LUG-T), which is trading at 0.80x NAV5%.
Exhibit 2. P/NAV Comparison
Justification of Target Price
We generate our target price by applying a 1.1x multiple to our corporate NAV5%, calculated at a long-term gold price of $1,300/oz. We believe that our multiple is reasonable for what we characterize as one of the largest and highest grade, independently owned, in-construction gold projects in the world.
Key Risks to Target Price Key risks to target price include: Gold, silver, and fuel price risks; foreign exchange rate risk; forecasting risk relating to deposit size; financial and market risks; technical risk; risk related to the cost and availability of financing; capital and operating cost risks; timing risk; political risk, including risks related to indigenous people; permitting risk; environmental risk, including earthquake and landslide risks; title risk and risks related to the acquisition of surface rights; illegal mining risk; and staffing and key personnel retention risks.
Source: TD Securities Inc.
Came across the following article when looking at a company interview on youtube. I am a bit wary of jumping into this after first scan of it and its somewhat great sounding numbers as there is not much out there on this and quite a bit of negativity. Just look over at stockhouse. Will have to look more over the weekend.
Youtube video here
Article Here
Was thinking of getting in on this,but the company / prospect zinc miners have taken some beating.
Not sure if you seen this but sounds like all will be revealed sometime this year
commodity-tv
Any recent activity on this
Added entry today @1.75.
Seems like a great long term play once the mine gets up to planned production next year and there isn't any more security issues
I would think after we hit the next expansion phase of 120,000 oz that we will start seeing a dividend. They will sure have enough free cash flow at that stage
Another email this morning
I’ve Never Seen a Better Set-Up for Gold,
and I’ve Never Profiled a Cheaper Stock
Dear Reader,
Yesterday morning, I alerted you to our top gold pick for 2019. I think this is the year gold will thrive.
I want a big position in the right company, and I can’t think of a better set-up for gold than this year.
A lot is going on, from a possible impeachment to the debt ceiling, government shutdown, interest rates, bonds, a tech crash, and the military industrial complex and its political puppets going all-out to take down a sitting U.S. President, with Russian conspiracies and all.
That’s the set-up for gold this year. I think it’s a good one, and owning some physical gold is a must for 2019!
In order to leverage our portfolios to the upside with precious metals, I think owning a few mining shares is smart and prudent.
Though always volatile, if you can buy the right ones, you can see 5 to 10x the percentage returns compared to the physical gold price.
My goal is to give you 3 gold stock suggestions this year.
Here is a recap of the first one. We issued this alert yesterday, and we consider it a very good buy at these levels.
First Mining Gold (TSX: FF & OTC: FFMGF) is a gold development company with a stunning portfolio of 25 gold projects in the most mining-friendly regions of North America.
This company has one of the world’s largest undeveloped gold resource bases out of any junior miner we’re aware of in the world.
First Mining Gold has twice the number of ounces of the average gold developer, yet less than one-third of their current average valuation. The writing is on the wall for this one; it’s perhaps the cheapest stock I’ve ever suggested!
First Mining Gold’s flagship project, known as the Springpole Gold Project, is the largest undeveloped gold deposit in Ontario. With existing infrastructure in a pro-mining jurisdiction and the first steps of the permitting process underway, the road map for Springpole is a setup for massive success.
The numbers are remarkable: just this one project is expected to yield an average of 296,500 ounces of gold per year, with total gold production expected to reach an astonishing 4.4 million ounces:
First Mining Gold has twice the number of ounces of the average gold developer, yet less than one-third of their current average valuation:
It’s a very rare chance to partner with a legend who’s already built two separate billion-dollar mining companies from the ground up.
It means direct ownership in a company headed by one of the most successful mining entrepreneurs alive, and we can actually pay a fraction of the cost others paid to buy in!
All the top analysts have covered it at much higher prices – I’m talking 4 to 5 times as much as we can buy shares for today.
These analysts include Cantor Fitzgerald, Cormark Securities, H.C. Wainwright, Roth Capital Partners, and Echelon Wealth Partners.
HC Wainwright: CAD$1.20
Echelon: CAD$1.25
Roth: CAD$1.20
Cantor: CAD$1.00
Cormark: CAD$1.00
18% of the company is owned by large institutions, and approximately 7% of the company is owned by a single ETF, the VanEck Vectors Junior Gold Miners ETF (GDXJ).
3% of the company is owned by the purest silver producer on the planet, and one of the largest individual shareholders is the founder, Mr. Keith Neumeyer, who is known as a unicorn in the mining space.
Where others have failed, he’s like a relentless force of nature.
I Strongly Urge You to Seriously Consider Owning Some Gold Shares for 2019
It’s a TSX-listed company with 25 gold projects ranging from advanced-stage development projects located in mining-friendly Eastern Canada to exploration projects with known gold occurrences located in Mexico and grassroots exploration projects in Mexico and Nevada.
It has one of the largest undeveloped gold resource bases in the world of any junior we are aware of.
It owns 7 million ounces of gold in the measured & indicated categories.
It has an additional 5 million ounces of gold in the inferred category; all of these ounces, as currently defined, have development and exploration upside.
Its gold in the ground is being valued at less than $12 per ounce.
In a normalized market, these ounces can go for at least $50 each, however, in a real bull market, we’ve seen $100 to $150 per ounce!
This is the most serious investment I’ve ever brought to your attention, and it’s potentially the exact right time.
Best Regards,
Daniel Ameduri
Editor’s Note: I only own the stock recommendations in this letter.
Future money trends sent out an email saying first mining has the potential to be multi billion dollar company. This I think is the reason for the move today
Expect news of expansion soon , particularly since it cost so little and we are making profit as is.
Also from the video presentation he mention stable 4,500 oz a month from current mine. 54,000 oz a year. Great number even with gold down 100 or so last few weeks
Looks like another good day ahead for share price following Friday’s move. News I am guessing to be expected soon
Good report to be reading here. Knt is solid even at this price. At higher prices we will do very well
https://www.goldmoney.com/images/media/Files/Insights/Gold_Price_Framework_Vol2_Pt3.pdf
Good numbers but market stinks at the moment for gold.
Company will still making money even at much lower price of gold which is far better than majority of gold company’s.
Didn’t come across anything myself just a big buy.
Spead is now a massive .05 cent cad so let’s see if it holds
Here is the answer. $2.73 million @1.05
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20180703:nGNX5tSbVd
I too would like to know if any of the warrants were activated
Not sure , was only .01 cent off it yesterday and .05 at the moment .
Not much to activate it , in fact even if it doesn’t make 1.05 it could be activated as to get 22 million shares at this point on Open market would blow the share price up
Looks like the push is on to activate the warrants. They are priced 1.05
We are golden either way in the long run with this mine :)
Only 7 days for 22 million warrants to expire. Is there going to be a push to validate purchasing them or they going to expire?
There is an updated corporate presentation for June on the website. I like for stage 3 development they state they are aiming for 5 million ounces underground.
That is a great number either way but I’d imagine they are being conservative so the upside will be much bigger
Page 7 for those looking
Any chance you could file upload it somewhere and share this?I can’t private message you my email as I don’t have premium
Great find , in dept analysis page 195 to 215
Nice end to day with solid volume. A lot more to travel yet. The constant expansion of the veins is something that will be rewarded very nicely going forward
From future money trends email
***Below is where I am putting my money right now***
Extreme Value Proposition in the Gold Market
Partner alongside this investing legend as he aims to build his 3rd billion-dollar mining company!
Dear Reader,
Right now, we can buy Keith Neumeyer on sale!
His new gold company, First Mining Gold (TSX: FF & US: FFMGF), is the cheapest stock we’ve ever profiled!
Thank you, gold market… It’s been ugly, but nothing can make you more money than buying cheap assets at just the right time.
**Special Disclaimer: Gold stocks are extremely speculative and risky. We highly recommend you consult a financial advisor before entering any mining shares.***
Mining shares comes down to the people running them, which is why if you’re going to enter this space, we highly suggest you stick with only the proven winners.
Keith and his team are so connected in the mining world that they took this company from zero to over 12 million ounces of gold in an aggressive acquisition spree.
Mr. Neumeyer never overpays! For him, a good deal is religion.
He’s made millions of dollars building his own mining companies.
If you search insider buys, you’ll see that he’s been buying a lot of First Mining Gold, to the point that he’s one of the largest individual shareholder!
His new CEO, Jeff Swinoga, a former Barrick executive, is literally using his entire first year salary to purchase more FF shares on the open market.
The insiders see what’s about to happen, and it’s not too late for us to join in.
I’m fortunate enough to have access to this group and have even been to several of their gold projects in Canada.
This is the real deal! I’m personally committing a million dollars of my own money to buy this company at these extremely cheap levels here.
Now, this is not a “conservative investment,” where you make 10% per year… This is mining, so it’s high-risk, high-reward.
Keith and the people involved couldn’t care less about making small percentages. Keith has publicly stated that First Mining Gold will be his next billion-dollar company!
If you want to leverage gold to the upside, First Mining Gold is it.
Keith has built one of the best portfolios on the planet. Their five top-tier assets are all in eastern Canada, one of the most resource-rich and friendly mining jurisdictions on Earth.
Springpole is one of the largest undeveloped gold projects in the world, with over 5 million ounces of gold in the ground.
Goldlund has 2.3 million ounces of gold resources, with terrific upside to grow, and it is perfectly located in northwestern Ontario, where a highway, power line, and gas line run right through the property.
Cameron has a resource of close to 1 million ounces of gold. First Mining’s property package includes a number of satellite projects with historic resources that could potentially feed a consolidated mining operation.
Hope Brook: A past-producing mine with a million-ounce, high-grade gold resource that is amenable to both open-pit and underground mining methods.
Pickle Crow: Another past-producing, high-grade mine site with a 200 tonne/day gravity mill on the property and 1.3 million ounces of gold resource that average nearly 4 grams per tonne.
There are a total of 25 projects, but I want to focus on just these 5 because when you add them up, there is CAD$1.5 billion in value for a company that currently trades with a market capitalization of CAD$257 million.
This is how you build wealth…
Refuse to overpay.
Buy cheap assets, ideally those that are hated (like gold right now) and are in an obvious uptrend. Gold made a low of US$1,045 in December 2015 and continues to climb higher.
Partner with people who have skin in the game. Keith Neumeyer doesn’t even take a salary. For him, the only upside is to turn First Mining Gold into a massive winner!
This is a tier-1 company at a fire-sale price for the time being.
Our window of opportunity for the gold market is here!
Consider accumulating shares of Keith Neumeyer’s First Mining Gold (TSX: FF & US: FFMGF).
Best Regards,
Daniel Ameduri
Great production results , specially as it’s the first reported and only going to get better.
Reported 2,700 January and 7,000 for February March.
So a slanted improvement might look like Jan 2,700 feb 3,200 March 3,800
This is going to turn into a great return for everyone who got aboard
This is great to hear only thing I can see happening is the 22 million or so in warrants being activated before June 27th @1.05
Any guesses on when production numbers from Q1 will be out. My guess is Wednesday 11th - next week
Has anyone seen the contents of that report ?
What is actually going on with this stock? Is this just an individual looking for compensation or is it a shareholding group looking for compensation? As in a class action looking for other affected shareholders.
There is nothing to be found online about what ye two are talking about
I know but I haven’t seen any real quarterly results from them in the past either. Just drilling results and financing. Last item I can see referring to quarterly production was from may 207
http://www.k92mining.com/2017/05/k92-is-pleased-to-provide-a-production-update-on-the-kainantu-gold-mine-for-the-march-quarter-of-2017/
They have to start doing a traditional quarterly results now that they are commercial since January. So we are guaranteed news in few weeks on that
It’s 1st Q is the one as they where producing commercially since January. So initial numbers second week of April and financials second week of may. That would be the date pattern I would expect if it follows along other mining companies
New video I came across from otc marketplace. Very positive saying company market cap is 300 million but value of properties is 1500 million. Value with return to share price as risk reduces with permitting.
Good to hear they have to explain themselves. But what does this mean for people that held shares in this company long term and took a loss ?
This is a hard one to figure out why the market is pricing it this way. News has been nothing but fantastic. I guess market is worried about location and if they will be able to make money from these veins . They should get there answer soon enough ..... :)
Thanks for sharing. That was a great read , shows we have a great few months ahead of us as the market comes to terms with this beat down Miner :)
Big bid is back. 1.2 million @.59
Big buyer seems to have disappeared today. Anyone got level 2? Has the 1.35 million bid been moved somewhere ?
That’s the most positive sounding I have read anyone being on this forum in months :) has someone been having good dreams or do ye actually know something you can share ?