Golden Arrow Resources Corp. (GARWF)

[bepo]

Why I Bought:

Golden Arrow Resources (GARWF: OTCBB)
 Maintain Buy up to: $0.85

 
Last week, management announced that Golden Arrow has completed a small mountain of paperwork with Silver Standard Resources and formed a joint venture called Puna Operations Inc. The new entity combines the Chinchillas project, owned by Golden Arrow, with the producing Pirquitas operation, owned by Silver Standard. The joint venture is owned on a 75%/25% basis by Silver Standard and Golden Arrow, respectively. Silver Standard will be the operator, and both companies are pushing development.
Looking ahead, and subject to permitting, construction at Chinchillas is anticipated to begin during the third quarter of 2017, with ore delivery to the Pirquitas mill expected in the second half of 2018. This kind of move to production is blazing-fast in the mining business. 
Golden Arrow’s share price is down from our entry point, but I believe that we’ll begin to see a major turnaround, as gold-silver prices move upward as Jim forecasts. 
Golden Arrow offers significant upside in a rising environment for gold-silver. Maintain buy on GARWF up to $0.85 per share.