Value Microcaps Junior Miners

[Bobwins]

Pure Gold Mining.. PGM.v/LRTNF +.08 to C$1.04 +8.33%

Pure Gold is a near term producer. They are building a new mine in the Red Lake District in Canada. The mine currently has over 3 million ozs if you include all known resources. Red Lake is home to some of the world's best gold mines. In the past, grades have improved as the mines go deeper. Don't know yet if that applies to Pure Gold but that would be a tremendous kicker to the company's value, since they are already #5 in Canada in terms of grade.

https://www.puregoldmining.ca/sites/default/files/uploads/presentation/file_upload/Pure_Gold_May_15_2020.pdf

Company says they are on track to pour gold by Xmas 2020.

Lots of shares out at 436 million shares FD. Market cap is around US$300 million. So not really cheap but this is a near term producer with substantial upside due to the size of the deposit, grade and potential higher grade at depth. The Red Lake district is famous for being the heart of the rise of Goldcorp. Pure has several famous investors who believe in their story. Eric Sprott, Rob McEwen, Newmont Gold and Anglo Ashanti are big investors who obviously think the potential larger size has merit.