Wednesday, October 02, 2013 7:28:19 PM
Expert Comments: Pilot Gold
The Gold Report Interview with Bob Moriarty (10/2/13) "I went to see a project I first visited 12 years ago called Kinsley Mountain, owned by Pilot Gold Inc. It was first put into production in 1994 and went out of production in 1999. Kinsley Mountain is one of those projects that may be a Long Canyon–type project—which would be 2, 5, even 10 Moz—or not. Even if it's not a Long Canyon, it would still be 500 Koz, and could still sell. It won't cost Pilot Gold anything to drill, because it can recover the money. Pilot's management team is the best in the industry, with most members coming from Fronteer Gold. When Newmont Mining Corp. bought Fronteer out for $2.3B, it was an absolute homerun for shareholders. Pilot is doing the same thing. You're buying at a 60% discount to what it was nine months ago.
"A year ago, I visited Pilot Gold's projects in Turkey. One is a copper-gold porphyry; the other is a gold-silver epithermal system. Both were very attractive and had great technical success and great drill results. It's important for your readers to understand that the decline in shares since January has not been rational. Nor has it been manipulation or shorting. It's been hedge funds and gold mutual funds being forced to sell shares. Often, they sold the best projects just because they could. They needed cash and sold everything they could to raise it. . .the company's joint venture with Teck Resources on the big porphyry project in Turkey is in a holding pattern. It's not attractive at $3/pound copper, but it's very attractive at $4/lb copper. The company is drilling the heck out of the TV Tower project and Kinsley Mountain. It has plenty of cash and an incredible ability to raise money." More >
Bob Moriarty, 321 Gold (9/23/13) "When you are looking to invest, find a junior where they recognize success. Pilot Gold Inc. is such a company. . .my opinion, humble as it is, is that [chief geologist] Dr. Moira Smith is going to hit another home run. . .Pilot has two company-making projects and one potential company-making project. . .investors will wake up, they will see great value in stocks like Pilot and they are going to make gains they never dreamed of before."
Tyron Breytenbach, Cormark Securities (9/11/13) "Pilot Gold Inc. continues to expand the KCD target, its current flagship project on the TV Tower land position; recent results include a stepout hole grading 90.2 g/t Ag over 91.5m, well above the weighted average assay grade and the forecast 30 g/t resource grade of the Ag 'blanket' zone. We are moving our resource forecast up to 40 Moz Ag. . .we leave our $1.70 price target and Buy rating unchanged."
Morning Coffee (9/11/13) "Pilot Gold Inc. is advancing on multiple fronts; the company reported that drilling on the near-surface zone of silver-only mineralization at the KCD target at TV Tower continues to return strong silver results, including 90.2 g/t silver over 91.5m in stepout drilling. . .Pilot is advancing KCD towards resource definition while continuing to develop the district-scale potential across TV Tower, which is a joint venture with Teck Resources Ltd. Pilot is the operator at and can increase its interest in the project to 60% (from 40% currently) through sole funding of exploration over a three-year period."
Tara Hassan, Haywood Securities (9/10/13) "The latest results from Pilot Gold Inc.' TV Tower continue to deliver excellent intersections from the silver zone, extending the zone and confirming previous results with infill drilling. Additionally, the company discovered a new zone of oxide gold mineralization overlying the silver zone. . .considering the potential for Pilot's projects and its strong cash position ($30M in cash), which will fund exploration through 2014, we continue to expect the company to outperform its peer group."
http://www.theaureport.com/pub/co/3777
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