National Inflation Association
NIA believes we are now at the point where we are about to see many gold exploration stocks breakout big for large short-term percentage gains and the gold exploration stock that is best positioned to explode in the upcoming weeks is: Marifil Mines Ltd (TSXV: MFM) currently trading for $0.14 per share.
The world’s largest gold explorer with a market cap of CAD$2.5 BILLION is Nova Gold (TSX: NG) and already NG has soared 40% over the past month to reach a new 2 1/2 year high! NG's market cap this past month has increased by a stunning CAD$700 MILLION! NG is worth CAD$2.5 billion because it owns 50% of Donlin Gold, one of the largest known, undeveloped gold deposits in the world – located in Western Alaska with probable reserves of 33.8 million oz of gold.
What most people don’t know is that in addition to NG’s 50% ownership of the Donlin Gold project in Western Alaska, NG is also exploring a major gold project in Argentina called the San Roque project. NG owns a 49% stake in the San Roque project. NG’s joint venture partner and 51% owner of the San Roque project is Marifil Mines Ltd (TSXV: MFM) and the company has just disclosed on their web site that, “A full San Roque NI 43-101 Report is in progress and is expected to be published in August 2019.” MFM's web site also says that the independently generated NI 43-101 Report will show a HUGE inferred gold resource of 1.58 million ounces of gold equivalent mineralization consisting of 35,484,000 tonnes of 1.39 g/t gold equivalent at a cut-off of 0.6 g/t gold equivalent.
According to MFM, their 1.58 million oz gold equivalent resource will include 505,000 oz of gold, 13,457,000 oz of silver, a combined 906 million lbs of lead and zinc, plus 13,207,800 oz of indium an element vital to the global digital electronics industry that is currently priced at $10 per oz. Based on current metals prices, MFM's maiden inferred resource will show $710 million worth of gold, $203.6 million worth of silver, and if we estimate that MFM's base metal content of 906 million lbs is 50% lead and 50% zinc it will have a value of $906 million, in addition to $132 million worth of indium! All together, this adds up to a total in-ground valuation of $1.952 billion of which MFM's 51% stake will value their controlling interest at $995.3 million!
MFM only has 58.37 million shares outstanding for a current market cap at $0.14 per share of CAD$8.172 million or USD$6.26 million! Currently, we are aware of no other company with a market cap this low that has just discovered such a large maiden resource with their controlling stake having an in-ground valuation of nearly $1 BILLION! We also have never before seen a publicly traded gold exploration company with a market cap of less than USD$10 million be the project operator of a major joint venture with a $2.5 BILLION company!
Over the past month, NG by far has seen the largest market cap increase out of all gold exploration stocks! Investors have made a fortune on NG! What do you think will happen in August when NG discloses San Roque's HUGE maiden resource and they see that MFM is the project operator!
Already, MFM and NG have completed a total of 16,683 meters of drilling at San Roque making it an advanced-stage gold exploration property. Typically, gold explorers see major market cap increases when they go from having no NI 43-101 resource to a very large NI 43-101 resource!
San Roque is a district scale project comprising 37,055 hectares of mine rights of private royalty-free claims, located near the Atlantic coast in the Province of Rio Negro, Argentina. To prepare its Technical Report, MFM retained the services of Tetra Tech Canada Inc, a prominent, global consulting firm with a reputation for high quality scientific and engineering work.
Last year, MFM completed its latest drilling campaign at San Roque, bringing the total number of exploration drill holes on the Property to 112 of which 11 are of reverse circulation drilling and 101 are of diamond core drilling, which generates higher quality sampling data. MFM has officially now demonstrated that a large volume of mineralized material exists on the Property and we expect MFM to become the biggest gold exploration play in the entire market after its NI 43-101 Report is made public next month!