Value Microcaps Junior Miners

[Lone Clone]

ODV, CEE, QRC, GOT, SVB

Osisko Development aka ODV released the latest drill results from the Trixie Au/Ag mine on its Tintic property in Utah.

First we hear about 17 more holes from the now completed infill and exploration drilling in and around the MRE. (Assays for 21 more holes are still pending.) ODV continues to pull useful intercepts like 14.85 g/t Au and 34.87 g/t Ag over 5.49m including 27.02 g/t Au and 25.70 g/t Ag over 1.83m, and 22.54 g/t Au and 2,301.00 g/t Ag over 0.46m. These will not only add to the upcoming revised Resource Report but also assist in further understanding the complex geology on the site.

But another hole, currently underway, may in the end be nore important. Tintic is located 65 km from Rio Tinto's giant Brigham Canyon Cu/Au/Mo mine, and ODV's geologists think they have found indications as to the locations of a similar porphyry under Trixie that could be the source for the mineralization. Hence, they are drilling a long hole in the hopes of intercepting that porphyry. Depending on what they come up with, this could be a game changer for Tintic and for ODV.

They also told us they are waiting for permits to drill two large lithocaps on Tintic in the Big Hill and Silver Pass areas.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34445679

Since new management took over African gold miner Centamin aka CEE a few years ago, they have been steadily improving performance at its producing asset, the Sukari gold mine in Egypt. Now comes the keystone of those efforts, a revised life of mine plan that is a distinct improvement over what had been in place. The new approach promises production of more than 500k oz Au per year at an AISC of less than $1000/oz. This will achieved by a combination of a substantial improvement in the strip ratio for the open pit, increased underground mining rates, connection to Egypt's national power grid, expanding their existing solar generation,and improving gold recoveries by adding a gravity circuit to the mill. In addition, CEE thinks they can substantially extend the current 11-year mine life by utilizing other deposits on the Sukaro property.

Based on how successful new management has been so far at implementing its initiatives, I have no doubt it will successfully implement the new mine plan.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34445714

The last Resource Estimate Kootenay Silver aka KTN released for their Promontorio project in Sonora, Mexico dates back to 2013. In the intervening years KTN discovered and drilled up a new deposit on the property called La Negra, so it is no surprise that the numbers in the revised Resource Report they just released are much bigger. Perhaps most importantly, the grades for Au, Ag, Pb, and Zn are all increased by between 21% and 24%, so along with increased tonnages this means a lot more contained metal.

Promontorio and La Negra combined now contain almost 120M oz Ag M&I plus over 28M Inferred, and if you include the other metals the M&I totals over 214M oz AgEq, with the inferred number at 54.9M oz AgEq.

Previously KTN had said that they would proceed to a PEA after this Resource Report was released, but there is no mention of this in this news release. One presumes they will be trying to attract a partner to deep pockets to JV the development of Promontorio. At one point they had such a partner, but they eventually dropped the option. Perhaps the new numbers, particularly the higher grades, may do the trick.

KTN also announced they are undertaking a 1 for 10 share rollback that will get the number of shares outstanding back under 50M. You never know what effect these rollbacks will have over the longer term though.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34445783

Queen's Road Capital aka QRC announced they have increased their annual dividend by 12% to $C0.019 per share. Te review, QRC is essentially a vehicle for several Aussie mining billionaires, and its job is to generate dividends for them by issuing convertible debentures to mining companies, using the interest to pay for the dividends. We can expect a substantial dividend increase next year, as during 2023 they increased their debenture portfolio by 66%, which means they expect the 2024 gross annual income to increase by over 40% from 2023.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34449784

Goliath Resources aka GOT announced that they have completed this year's drill programme in the Surebet zone on their Golddigger Au/Ag prospect in BC's Golden Triangle. They also claim it's was a success. I guess that depends on how you measure success.

Yes, they almost doubled the number of metres they had planned to drill, but assays for almost half those holes are still pending, a consistent problem with this crew, who are more interested in putting out as many news releases as possible than paying to get the assays done quickly.

Claiming success before you get half the assays is ludicrous.

Yes, their recent very underpriced PP was successful in giving a huge financial windfall to insider Rib McEwen and Crestval Capital, but that was done at the expense of the rest of the shareholders. That makes it a failure in my books

But perhaps the best measure of success, or in this case failure, is that in spite of all that and an avalanche of NRs, drilling the share price is down almost 50% from a year ago. I put much of the blame on their ludicrous -- yes, that word again -- news releases, which just kept coming (and costing money) in spite of the fact that most of them contained no assays. Rather, they were filled with repetition from previous NRs which appear designed to confuse unwary investors.

Another signal of the problems with this com[any is that they appear to think a meaningless indicator like visible gold in the core is more important than the actual assays, another sign they are trying to fool investors.

I sure hope the share price reaches my sell point soon, so I can say goodbye to GOT unless they get new more competent management.

https://ca.finance.yahoo.com/news/goliath-completes-over-34-000-100800341.html

When I first came across the headline for Silver Bull aka SVB's latest PR it was partially obscured so all I could see was 'Silver Bull Announces Execution of Key Persons'. Things seemed to have taken a sinister turn indeed!

But once you see the whole headline and read the PR you realize that it announces an agreement that hands over 12% of any settlement to six people who are deemed to have made substantial contributions to the effort to get reparations under NAFTA from Mexico because they failed to act to restore SVB's access to their Sierra Mojada property in Coahuilla.

You know the lawyers are going to get a substantial amount of the settlement too. I hope there is some left over for us punters...

https://ca.finance.yahoo.com/news/silver-bull-announces-execution-key-231300608.html

Saville reminds us that the PoG's response to news events like what is currently going on in the Middle East is always temporary, and that any gains (or losses)are always eventually given back as the fundamentals reassert themselves.