Value Microcaps Junior Miners

[Lone Clone]

IAU, OGC, NTH, IPT, KRR

Nevada gold miner i-80 Gold aka IAU released another set of outstanding drill results from the McCoy-Cover, one of three mines it is currently developing. This time they were from the Helen Zone, which is expected to provide the first production from the property, where they drilled intercepts like 29.6 g/t Au over 7.2m, 18.7 g/t Au over 8.3m, & 37.2 g/t Au over 3.7m. Drilling continues.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34636806

Oceanagold aka OGC announced that they have received official approval for an IPO involving 20% of the shares of their subsidiary that owns the Didipio Au/Cu mine in the Philippines. The shares will be listed on the Philippine Stock Exchange in Manila. They intend to use the money to pay down debt.

OGC also announced preliminary Q1 results for Didipio which were in line and support the eventual achievement of their 2024 guidance. We'll get more details when the quarterlies come out.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34636792

Nord Precious Metlas aka NTH (formerly CCW) released a nothingburger of a PR that merely recapitulates the one from last week about how they are attempting to develop silver-based products for the solar panel market. A complete waste of money...

https://thenewswire.com/press-releases/1LYzFVWDG-nord-precious-metals-poised-to-capitalize-on-accelerating-silver-demand-driven-by-solar-panel-technology-advancements.html

The IKN newsletter surprised me this weekend by adding Mexican silver/zinc miner Impact Silver aka IPT to its list of recommended buy, based primarily on the way the shares move upward strongly when the PoS leads the way due to it being a high cost producer, plus its solid financial position. This is seen as enough to more than compensate for the loose share structure and low ownership by the management and executives of the company. Based on the long term chart, he suggests that a run over a loonie per share is very possible if the PoS provides the impetus.

As it happens, I've been thinking of adding some IPT traders to my holdings. Maybe I should get on that soon.

Also, IKN reminds us that 70% of the silver mined each year is produced as a byproduct of very large porphyry copper/cold mines so it is produced for just a fraction of the PoS.

Saville commented on the WGX/KRR deal, saying that WGX is paying too much but not egregiously so. FWIW, he listed WGX as one of four stocks to buy in his latest list.

Saville also opines that most likely, both gold and silver set short term tops on Friday and will most likely go into correction mode for the next month or two. He also thinks that for HUI to make a sustainable break above 280, the gold/oil ratio needs to substantially exceed the highs it set last year. Hence he advocates taking some profits on your PM miners now with the expectation of being able to reload at lower prices sometime in the next few months.