LAST UPDATE: May 18th 2021
The majority of the list has been done during April 2021 (consolidated the data and notes I had previously gathered). From the beginning of May I’ll write the dates on the updates.
My portfolio is laughable in size (but can get sizable with x-baggers so not that tiny) and I’m a telecommunications engineering graduate student who opened his first brokerage account mid last year (2020) after reading and consuming tons of content related to investing and finance for around 2 years (long story short).
Any Scandium bulls or knowledgeable guys? Let me know at [email protected]. Actually, feel free to reach out regarding anything else. Insults welcome as well. Just looking to LEARN and find the x-baggers.
Looking for Excelsior Mining MIN.TO story input.
My current holdings are:
Kazatomprom (Diversify away from the US and a no brainer uranium play. Also, if somehow the uranium market doesn’t reach euforia levels and the majors actually manage to contain the bull run with their production - this should be the place to be. Will add here and am up significantly.),
Queen’s Road Capital(Great business model imo, great CEO, exposure to a variety of commodities and mainly uranium exposure for now. Slightly down),
Bannerman(big project, not a tier 1 asset for sure but Brandon is a G. Want to add here.),
Denison Mines(should be a no brainer for uranium and one of the most hyped stocks that should explode in a mania. Most juniors are overvalued for 30$ uranium but who cares about entry price in uranium right?),
Kirkland Lake Gold(slightly down here, wanted to average down heavily at 32$ but promised myself to conserve cash. 42$ average for now and will likely drop some shares at a profit if we do experience an inflationary melt up.),
Centamin(sweet dividend and a turnaround play. 0 debt just like Kirkland. The Burkina Faso and Cote D'Ivoire projects are ignored for some reason. Down on this and wanted to average down at ~102p but remained composed and saved cash. Got a ~128p average here. Refused a $1.9B takeover. ~$300M in cash alone.),
Gold79Mines(looking forward to what Derek does with this one but with the historical results and the current market cap this seems like a no-brainer. I want to add here once I consolidate my brokerage accounts since I want as much leverage as possible.),
QCCU(two small batches of drill holes reported with solid results and long hits. Looking forward to the end of the current drill program so this finally gets noticed. Hope Stephen Stewart does well in this company because with just the Opemiska project we can do very well. The 50% of the gold property in the district and shares of Baselode are a bonus),
Aurcana Silver(yes, nobody likes the management, but if they manage to fulfill at least 60-70% of their goal FCF this should be a multi-bagger. In the meantime - looking for great silver plays),
ValOre Metals(hoping this one gets noticed eventually. Compared to other valuations, this should be at least at around ~75M market cap imho.),
Cash
Portfolio moves: - May 18th: Sold my IDTL(TLT) position at a loss (will come back in a couple of months maybe) and will look to buy something, maybe Peabody, maybe Tellurian, maybe just some uranium. Maybe Cora Gold. The cash is in my Trading212 acc. Will think about it. - SMALL CAPS (Mostly really small) (0 - 200M)
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YES:
QCCU(Cu,Au, Quebec),
Gold79Mines(Au,Ag, Nevada),
MedGold(Au, Serbia),
Aurcana Silver(Ag, Colorado/Texas,),
Lara Exploration(Cu,Au,Ag, Peru exposure a problem because of commies? May 7th: Looks like Peru exposure will be an issue because of commies.), ValOre Metals(PGMAu, U308, Brazil),
Salazar Resources(Cu, everything seems great, need to consult somebody, and is Ecuador bad now? I’d probably buy this if Ecuador is good now.),
Euro Sun Mining(Au,Cu, Romania EU, waiting for environmental permits, first production in 2024, rated a buy by Sprott, has upside after starting production, I don't like the CEO),
Chakana Copper(Cu,Au, this seems outstandingly good, extremely good presentation, the management is superb and an independent director is one of the guys from Ely Gold, if the commies don't win in Peru, I am buying this for sure. HUGE EDIT: IKN Mark Turner liberal extremist is shitting on this pick very hard, that’s the latest post on the IKN blog. QUOTE: “They are going to forget all about those breccia pipes and make you believe they can fnd the porphyry underneath, pure geological onanism that will waste OPM (but not theirs…never theirs). Intellectually and morally bankrupt, yesterday’s news makes it plain that CEO David Kelley has settled for being GFI’s bitch and collecting a cool monthly salary payment. He’ll ruin the company on this pivot, all while Doug Kirwin dumps his 3.475m shares on you. Run away now in order to avoid years of fnancial pain, these jokers have failed miserably and will now change the story. You have been warned.” EDIT April 30th 2021: after watching the Crux interview I’m a bit more confident. He dismissed the big political risk though. Not sure what to think about this now. We’ll see.),
Navarre Minerals(Au, Australia, all of the projects seem great to me including the JV, Kirkland lake is a supporting shareholder and the market cap is ~76M AUD i.e 58M USD. Compared to West Vault Mining, I would say it blows it out of the water even with no calculated resource. The two main deposits Adventure and Resolution seem like very promising open-pits),
Magna Gold(Au,Ag twist, already has a shitty 1200$ AISC Au mine which will work properly in 2021, has leverage to Au price and planning significant exploration on a couple of projects, very nice shareholders including Argonaut Gold and Adrian Day and sub-20% retail. May be a good gamble. Edit: I like this, Edit: Rerated this to a YES buy even though the silver projects seem not that promising but they’re essentially for free at this ~70M usd market cap. May 18th: May presentation update - ~76M USD market cap. 2020-2022 plans are to complete a FS on the Margarita Silver project and continue development of the Mercedes Project. Develop the San Francisco underground mine. Optimize and increase reserves at the San Francisco mine. Less than 100M shares outstanding. 45% institutional holding(eric sprott, us global, delbrook.medalist, adrian day), peal de mexico SA de CV 16%, argonaut gold 12%, retail 19%, management/board 8%. San Francisco has 750koz mineral reserves at 0.5gpt and 1350 USD gold. At 1500 usd gold there are 1.400koz at 0.446gpt. Strip ratio is 2.5 which got improved. Average annual production is ~69kozs. Avg aisc ~1200$. 5% NPV at 1800/oz Au 186M. The other projects especially the silver ones at this market cap are for free. I’m keeping this at a YES and will probably buy if it stays cheap once I fix my brokerage accounts and sell a bit of Centamin and KL at a small-ish profit.),
Cora Gold(Au, Mali, already has financial backing (Lionhead) and needs to finish the DFS by the end of 2021. Needs 22M USD to build that open pit mine to produce close to 45-50koz per annum. Knows where it’s going to get 22M if the DFS is positive. ~21M USD market cap and available to me on Trading212 since it’s trading on the LSX. Some input about this would be appreciated since the Brits are not known to be miners as far as I know. Mine life will be extended. Recent drilling results are bomb - April 25th now)
African Gold Group(Au, Mali, ~33M CAD market cap, has a done DFS for a 100koz per annum open pit project which needs ~20 months to be constructed. In negotiations for financing and aiming further reserves addition. Projected ~800$ AISC and a pre-tax NPV5% of $284M USD at 1530$/oz Au, very good metallurgy of 90%+ recovery. What is wrong with this? Why is it at 33M CAD mc? Is Mali the issue? Also has exploration upside on other nearby targets and they have not excluded an M&A, this reminds me of Euro Sun level cheapness and it is fully permitted unlike Euro Sun),
Aton Resources Inc(Au, Egypt, Rodruin advanced exploration, Hamama West Mineral Deposit, Abu Marawat Mineral Deposit, ~140+~340koz indicated and inferred Au at Hamama West around 1,29g/t AuEq oxide, oxide cap is ~750m long, up to 110m wide and of average depth of 35m. A mine is planned to be built at Hamama West. Average recoveries of 75% Au and 43% Ag which is not that awesome IMO. Has more sulphide mineralization at depth. Rodruin has very good highlights for an example a ROP-003 hole with [email protected]/t Au FROM SURFACE. [email protected]/t Au FROM SURFACE (Aladdin’s Hill and Aladdin’s Hill North), Sandstorm Gold Royalties holds 11.7% of the company, OU Moonrider 30.60% of the company. Insiders ~20%. I am rating this a buy at this current 8M CAD market cap.May 4th: Matt views this as a under-the-radar, RISKY but good play on Egypt. Altus Strategies is safer and the Egypt section in his view comes for free at this current market cap.),
Investigator Resources Limited(Ag, Australia, Paris Silver Project, PFS underway, shallow open pit deposit up to 120m depth. Silver recoveries average at 74% which is not awful. Very encouraging and good, long hits like 29m@534g/t Ag from 45m. PFS will be completed by June 2021 - Resource estimate+Open pit design+Economics. Also has regional exploration with 7 targets within 5 kms of the Paris deposit and other side projects in South Australia. I’m putting this at a yes because the majority of silver companies are pure shit. Currently at a 115M AUD or ~88M USD market cap. I’d say Wolfden is cheaper than this though. May 10th: Some dudes on twitter are complaining about the low grades of Ag here. But It is supposed to be an open pit deposit. I think the company should do okay. I may be wrong cuz I’m dumb and this should be down-ranked.),
Aurion Resources(Au, Finland Lapland, shareholders Kinross Gold, B2Gold and Newmont, projects: Risti 100%, Launi 100%, Kutuvuoma, Sinerma JV with B2, Outapaa JV with Kinross, Silasselka JV with Strategic Resources. B2Gold JV is near the Rupert Resources Ikkari huge discovery. 12% ownership in Strategic Resources which is in Vanadium. Heavy recent insider buying from Lotan. At ~62M USD market cap currently. I’m rating this a YES (April 30th 2021), May 18th: Insider buying continued.),
Brixton Metals(Au,Ag,Cu, BC, Montana, Ontario seems like a mess, May 2nd: watched the Crux interview. There’s also a new presentation. Stock has been sliding down. Things are getting a bit more clear. There are Hog Heaven Ag-Au-Cu, Langis Ag-Co and Thorn Cu-Au-Ag-Mo projects as well as Atlin Au. Thorn has a coupe of targets (East Target,Metla,West Target,Camp Creek, North Target) and it’s a big land package. Very good surface samples. Camp creek has super long okay Cu grade hits. Trapper target has good Au hits and Metla and Outlaw seem promising as well. Hog Heaven JV is signed with Friedland’s HPX company. They are to explore and develop the Hog Heaven project in Montana. HPX has the right to earn up to 75% in Hog Heaven. Targeting large scale high-grade Cu-Au-Ag. Langis project are two past producing Ag-Co mines in Ontario. Excellent infrastructure. The plan is to drill toward a NI-43-101 Ag-Co resource and there are some super high grade hits already.. I am rating this a YES now because as I said before - the HPX JV with Friedland might be worth the current market cap alone AND the stock has been sliding down for 6 months straight. Currently at a 44M CAD market cap. May 6th: Very good hit at Langis - 24m of 187g/t Ag including 10m of 356g/t Ag.),
Woodjam Copper(Cu-Au, British Columbia, ~17M CAD market cap, has a 1.7B pounds Cu and close to 1Moz Au resource at a couple of targets (added total) at the Woodjam project at a 0.40% CuEq. The Southeast target has a number of 200+m long drill hole hits with 0.40%+ Cu. The stock is lying dead. It is in BC. Is something wrong with the management? It’s also in the Copper Mountain’s Copper mountain project area EDIT April 29th: This is gaining some steam, especially with ceo.ca folks. There’s value here for sure. Maybe should rerate this a buy. May 6th: I re-rated this to a buy. There’s tremendous upside because of the other deposits. It’s not in some random obscure location, it’s even close to the Copper Mountain project which is even a bit lower grade than this resource. Currently at a ~21M CAD market cap May 9th: looked at the new May presentation - it’s a yes. If the QCCU OreGroup dudes shit the bed again, and once I take care of my brokerage accounts, I think I’m gonna buy this),
Cassiar Gold Corp(Au, British Columbia, seems very promising, a couple of targets there with a deposit with a little over 1Moz 1.5gt resource, ~20M USD market cap, very good team according to the presentation, will watch this. May 14th: Just looked up ceo.ca/gldc - there has been very very big and good insider buying for days. The stock seems to have bottomed. I’m going to rate this a YES. ~20M CAD market cap currently. A number of institutional shareholders including Sprott. They also have a 300tpd permitted mill. 15000m drilling program in 2021. 5M CAD cash.),
Excelsior Mining(Cu, green story, interesting, a close to 200M market cap, haven't looked in depth. May 17th: This got beaten up recently and seems to have bottomed. I am interested in it now and posted a question on Twitter. Some guys on ceo.ca are still bullish and bought more. Looking forward to knowing more. May 18th: May presentation update: Greenstone Resources, Altius Minerals and Triple Flag Mining Finance backing. $730M NPV at $2.75Cu and 7.5% discount rate. After tax. Very long mine life. Start at 25M lbs per year expand to 125M lbs per year. This plunged due to path to production difficulties regarding their process of production. Quote from twitter:”Calcite creating CO2 issues in the wells which is reducing flow rates.....company is doing tests and working to solve this challenge.” Thank you @CEOTechnician. Guys on ceo.ca seem to think this will get resolved and the stock seems to have bottomed.~172M CAD market cap right now. This is a green story and can also get bought out. Going to rate this a YES. Will add some comments potentially once I read the Crux article regarding risk with different production techniques which are not conventional.),
SEXY MAYBE:
Westhaven Gold Corp(Au, British Columbia, May 18th: April presentation - Some bonanza hits from 2018 to 2021. Maiden Resource work has begun on South Zone, results expected in Q4 2021. The discovery is ~5kms off Highway 5. Good infrastructure. Experienced management. 25% directors, 10% friends & family, 25% institutions. ~11M CAD in cash currently. 150M shares fully diluted. Skoonka North, Skoonka Creek, Prospect Valley, Shovelnose projects. Low cost exploration. Shovelnose packs those bonanza hits like SN18-14: 17.7m of 24.5g/t Au and 108g/t Ag. Franz Zone, FMN Zone, Lear Zone and South Zone at the Shovelnose property. Skoonka Creek has some nice hits as well. 2021: Q1-Q4 approx 40000m of diamond drilling. Q2 - results along trend from FMN to Franz Zone. Step-out and infill drill results from the South zone. Q3 - metallurgical testing the Shovelnose property results. Q4 - maiden resource at the South Zone. Overall - I like this. The stock has been trading sideways and guys on ceo.ca are complaining about the stagnancy. I will leave this at SMAYBE. If I were to go and decide about buying I would look at it more in depth and consult somebody smarter. ~87M CAD market cap currently.),
Grande Portage Resources Ltd(Au, Alaska, May 18th: Herbert Gold Project. Updated NI-43-101 to be in June 2021. 1.1M oz @ 10.23g/t Au indicated. 326koz @8.91g/t Au inferred. Some bonanza grade hits like 37g/t Au over 15.7m in DDH11E-2 hole. Open at length and at depth. I like the presentation. Diamond drilling from up to 9 platforms testing and expanding mineralization on multiple veins. Approximately 25 holes and 8000m of drilling in 2021. Multiple past producing mines on or near properties. I’m surprised that I as a dummy managed to understand an underground project like this from the presentation. I like this. 33M USD market cap currently. Seems under the radar? Will check out on ceo.ca and maybe with some other guys.),
Inflection Resources(Cu-Au, Australia, May 18th: big land package in New South Wales & Queensland. Institutional support - Sprott, Crescat, Plethora, Dundee. I like Dundee. Carron Gold Project, Northern NSW Projects, Artificial Intelligence Projects.71M outstanding shares (Canada listed). 31% owned by the management. Northern NSW has excellent infrastructure. Majors as neighbours. There’s a bunch of targets being drill tested at this project. Carron Gold Project is a 50% JV with Oakland Gold Pty Ltd. Option to earn up to 70% by investing 0.5M AUD. Pathway to earn 100%. Defined 11 initial drill targets. This deserves a SMAYBE spot. Close a 4.4M oversubbed private placement yesterday on May 17th.),
Luminex Resources(Au,Cu,Ecuador, May 15th: Ross Beaty and Lumina group 25%, Ecuadorian Entrepreneurial Group 14%, Route one 11%. Currently at a ~70M CAD market cap. 4 projects. Condor and Cascas are Luminex owned. Anglo American earn-in at Pegasus A and B and Tarqui is a BHP earn-in. Condor neighbours are Lundin Gold, SolGold, NewCrest. Condor is 90% owned by Luminex and 10% owned by the pension fund for Ecuador’s armed forces personnel. Total gold resources of 1.6Moz indicated and 3.6Moz inferred with not fully defined deposits. Deposits at Condor are: Soledad, Los Cuyes, Enma, Northern, Santa Barbara and Camp. A PEA will bring together 4 deposits. Camp could be underground while the rest could be open pits. Metallurgy is good but the Camp deposit grades so far do not blow me away. Besides these deposits, at Condor there’s the Nayumbi target to be initially drilled by July 2021. Cascas Cu-Au project to be drilled. Tarqui BHP earn-in is an agreement for 42$M spending by BHP in order to acquire 60% of the project. Increases to 70% if BHP funds an additional 40$M. BHP has spent 3.7M as of March 2021. Anglo American earn-in is an agreement for Anglo American to spend 50$M on Pegasus A and B over 7 years and get 60%. Anglo American can get 70% if they fund the project to construction. Overview: PEA on Condor by June 2021, drilling Nayumbi by July, currently drilling Cascas and earn-in agreements with BHP and Anglo American. Luminex has a lot going on. I’m going to put it at SMAYBE to be watched, but at the current ~70M CAD it does seem attractive if the open pits at Condor get a path to production I’d say.),
Helix Resources Limited(Cu, Australia, May 15th: the stock almost doubled recently and is at a 33M AUD market cap right now. Collerina Trend and Rochford Trend. I am not sure I understand their targets and deposits well enough from the presentation. There’s a bunch of targets in both of their claims and all results so far have been high grade Cu. More results to come in 2021. Putting this at SMAYBE because why not, going to watch),
Granite Creek Copper(Cu,Yukon, good grade, deposits seem small, everything else is cool, small market cap. May 15th: ~24M CAD market cap, Recently announced a 10000m drill program at Carmacks Cu-Au-Ag deposit. The whole project consists of smaller deposits which are really good in grade. There are Zones 1-13 and Zone A, Zone B, Zone C etc. Moving this to a SMAYBE, the stocks has been flat for 6 months),
Caravel Minerals(Cu, Australia, May 15th: t. PFS on the Caravel project by end 2021. It’s a lower grade resource at 0.28% Cu. 662 Mt. Bindi Hinge, Bindi East and Bindi West targets. Expect to report new resources in Q3 2021. Existing infrastructure, large resource, low mining cost with low strip ratio and open pit bulk mining, excellent metallurgy, low cost power, good jurisdiction. PFS in late Q4 2021. Also has some greenfields exploration projects and a JV. I’m going to rate this a SMAYBE at this current 125M AUD market cap. The lower grade should be an issue.The stock ran up really nicely during the last 6 months.),
Raiden Resources Limited(Au-Cu, Serbia/Bulgaria, May 15th: 8 projects across Bulgaria and Serbia. Near term plans are drill testing priority targets. Majdanpek West, Vuzel, Kalabak. Close to Dundee and Zijin’s projects.Vuzel Project(Bulgaria) is a drill ready epithermal gold target. Raiden has option to buy out 100% of the project for 100k AUD. Drill targeting in Q3. Potential for a high grade Au-Ag system. Majdanpek West (Serbia) drill planning Q2/Q3 and phase 2 drilling Q3/Q4. Tolisnica & Stanca(Serbia) has good historical intercepts of copper like 25.5 @0.95% Cu. Kalabak Project (Bulgaria) Raiden has a path to 75% ownership. Zupa(Serbia) is a polymetallic target. Final drill targeting work in Q3. Dusko Ljubojevic is the managing director. Substantial shareholders are Pacton Gold, Kitara Investments, Robert Jewson. ~29M AUD current market cap. This needs to be watched),
Lithoquest Resources Inc(Au, Ontario, May 15th: Seasoned management, very good shareholders including Eric Sprott and Warren Irwin’s Rosseau Asset Management. Three district scale projects - Keezhik, Miminiska, Attwood. Q2,Q3,Q4 2021 plan is to compile and review historical data and do field programs. Q1 2022 to drill test priority targets. Miminiska has some mid-high grade not too deep hits on 2 targets at the property historically. Keezhik has some high grade but thin hits as well historically. 7.3M CAD market cap currently. Excellent presentation. I am putting this at a sexy maybe to be followed and watched because of the potential and excellent backing.),
Tectonic Metals Inc(Au, Alaska, May 10th: Partnership with Doyon LTD - largest private landholder in Alaska. 2M CAD investment of Dyoon in Tectonic in April 2020. Doyon owns ~22% of Tectonic. 20%+ held by the Tectonic Team. Tectonic projets: Tibbs, Seventymile, Maple Leaf, Mt Harper, Northway. Close to Kinross’ Fort Knox. 5 surface exploration programs across 5 projects. Good surface hits at Tibbs. Seventymile project has some good shallow high-grade hits. This crew is the Kaminak project team. Kaminak has been acquired by Goldcorp(now part of Newmont). The original Kaminak team used proceeds from their sale to from Tectonic. Crescat announced a 3.5M CAD private placement with Tectonic today. I’m putting this at SMAYBE. I would rate this a buy at the first sign of really good and promising results. Currently a 11.7M CAD market cap),
Troubadour Resources(Cu-Au, British Columbia, May 9th: fully diluted ~46M shares, insider ownership ~16% and close associates ~25%, good surface samples at the Texas Au-Ag project. Cabin and Doorn targets identified. Drilling to commence in 2021. Amarillo project is close to Kodiak Copper’s project and close to Copper Mountain. Drill permit is in place. No results yet to consider this “de-risked’, but the project positioning is very good. This reminds of Pacific Ridge and similar companies. Pacific Ridge ran up and is at ~8.5M CAD right now. Troubadour is at a ~6M CAD market cap right now.),
Chesapeake Gold(Ag, Au, Mexico, good Sprott stake, good CEO stake, will anything happen with this?, I need someone to clue me in, it’s at close to 200M USD with a huge 18Moz Au and 500Moz Ag resource. May 7th: moved to SMAYBE.),
Gold Springs Resource Corp(Au, Nevada, ??? check out Cardero Resources Corp + World Copper Limited below. May 7th: moved to SMAYBE because I feel like it can’t compete with Cora and MedGold),
Wolfden Resources(Zn-Cu-Ag-Au main project, Ag side, Ni side, nice shareholders Altius and Kinross, Pickett Mountain project(no indigenous claims in permit process, no federal involvement, underground mining allowed - open pit is not, streamlined permitting process - New Mining Code) is a very high grade Zn project with very good grades of Pb,Cu,Ag and Au in it. AgEq grade of the current resource is ~950g/t Ag indicated and inferred, and ZnEq ~20%. The project is located in Maine with.PEA 148M initial capex, 198million after-tax NPV just on this project. Next, we got the Big Silver project also in Maine, with outstandingly good hits of 20-60 meter at around 100g/tAg not counting the Zn/Cu/Pb. The hits are to a 300m depth but start at around 10 to 30 meters, so close to the surface! Drilling program in summer 2021. Also there are a couple of silver drilling targets in New Brunswick with solid past results. The key for me here is the Big Silver Project. I am rating this a buy at this current ~42M CAD market cap. Altius here gives me extra confidence and there has been pretty nice inside buying. May 4th: Watching the Crux interview from February 2021. People are complaining about Maine as a jurisdiction in the comments. We’ll see how everything works out. May 6th: Talked via email to an older acquaintance from Maine. He’s not bullish on mining in Maine because of the environmentalists and thinks explorers’ efforts will be in vain. Still, the results of this company are good and I’m going to keep ti at a yes with this market cap, but maybe should down-rate it to SMAYBE.May 7th: Re-rating this to a SMAYBE because of Maine.),
PolarX Limited(Au-Cu-Ag, Alaska+Nevada, May 6th: Humboldt Range Acquisition(Nevada), Stellar Property(Alaska), Caribou Dome(Alaska, earn up to 90%), Humboldt Range is easily accessible, lies between two mines. Two blocks of claims there, Black Canyon and Fourth of July claims. Black Canyon Claims have really high grade assays from previous rock-chip sampling. 3,384g/t gold, 2,8347 silver etc. Really high surface sampling results. Gold occurs in swarms of 5cm to 1.5m wide epithermal quartz veins (not 100% sure what it means, but I can get a mental picture). These zones represent potential bulk mining targets. Fourth of July claims have similar surface high grade samples. The plan is to generate drilling targets by Q4 2021 on the Humboldt Range. The Alaskan project is in the prolific province. Stellar is the northern block. Got an intersection of [email protected]%Cu and 0.1g/t Au. Good drill hits and a solid resource at the Stellar property. However, I am not blown away. Caribou Dome property is small but really high grade. 2.8Mt at 3.1% copper currently. Has a drill hit of [email protected]% Cu. Can earn up to 80% by June 2024 by spending $1.6M or doing FS. 60% of the resource is in the top 150m. Verdict for now is that I’m not blown away, and they also have half a billion issued shares. Major shareholders are Lundin Mining, Management, Ruffer Gold Fund, Adam Hajek etc. I’m putting this at a SMAYBE for now to be watched, mostly because the Nevada properties have Ag and can be good.. Current market cap is 44M AUD),
Platina Resources Limited(Au,Pd,Scandium, Australia, May 5th: This is either severely undervalued since they already have a scandium project with a done DFS from 2018 and around 26M AUD in investments at a 33M AUD market cap, or I’m insane. I will have to try and talk to somebody about this one. Edit: JTourzan likes this. I just looked into one of Platina’s holdings - Major Precious Metals. It’s a Pd/Au company with a 5.5Moz PdEq resource in Greenland. If we don’t get jurisdiction shenanigans with this one, it’s a good company. Platina holds 24M worth of shares. I’m intrigued the most by Platina’s scandium project. Is this criminally undervalued?),
Nubian Resources Limited(Au, Australia, Peru, Canada May 5th: 34.6% institutional holdings, 24.3% insider holdings, Fosterville East, Yandoit, Tasmania Lefroy and Matinna, Esquilache(in Peru). I would focus here primarily on the Australia assets because of commies in Peru. Fosterville East and Yandoit are east and south of KL’s Fosterville mine, pretty close to it. They are to be drilled and explored. Mathinna and Lefroy are two historical HIGH grade gold projects. They are to be drilled and a feasibility study with a development plan are to be done. Equilache is a silver project in Peru. It’s got high grade veins and has open pit potential with some good historical drilling hits of 24m of 131g/t Ag and 13m of 167g/t Ag. Nubian bought this for $1M. The Nevada Excelsior asset has been taken by Athena Silver (Athena Gold) Corporation. RookieInv pumped this one up pretty well on ceo.ca, so I’m going to rate it a YES for now. I’m looking forward to 2021 development and exploration results primarily on the Australian assets. Currently at a ~27M CAD market cap. P.S: Athena Gold/Silver Corporation doesn’t even have a website What’s going on here?. Just watched the Crux interview from December 2020. I would like them to ignore the Peru asset and not waste cash on it until things get cleared up there. Hmmm. I’m rerating this to SMAYBE.),
Imperial Mining(Scandium, Rare Earths, Quebec, May 4th: Crater Lake project in Quebec. Very good infrastructure. Northern Target, Boulder Lake Zone, TGZ Target, STG Target, Hilltop Target. Next steps in 2021 for TGZ are to define a Sc-REE mineral resources of a minimum of 10Mt. 43-101 resource by June. Metallurgy will be published in May. Data to undertake a 43-101 PEA in July-August. 2 million $ budget for this. Currently there are very good long hits at the TG Zone target. 6.5 to 12 g/t Gold equivalent (at a conversion 1750$ozAu to 1250$Scandium. Crater Lake summer 2021 plan is to drill new Mag-high targets. Prospecting program south of the STG Target. Production of a PEA. I’m going to put this at a SMAYBE because I like the scandium thesis and it’s a potential surface deposit. Currently at a ~21M CAD market cap),
Arizona Metals Corp(Cu,Au, main project is Kay Mine, high-grade Cu, all good, 2nd project is an open-pit target with 1M+ historic resource - will be drilled more, I like this),
Golden Predator Mining(Au, Yukon, aiming to deliver a FS early Q3 2021 for renewed mining at Brewery Creek. It’s a past producing open pit mine. A total of around a little over 1M oz oxide ounces at ~1g/t Au in all of the deposits at the Brewery Creek “district”. Has a 27% equity position in C2C Gold. Also owns the Marg Cu-Au polymetallic deposit close to Keno City and close to Victoria Gold’s and Alexco’s operating mines. Indicated and inferred 3.96M + 7.78M tons of 1.57% Cu and 1.12% Cu. There’s a moderately significant amount of Zn,Pb,Ag and Au there as well. Marg is not a priority but is open along strike and can be explored more. At a ~38M CAD market cap this is essentially a bet on the management. I like this.),
C2C Gold(Au, Newfoundland, close to Marathon’s Valentine Lake. Has a pretty big land package. Golden Predator Mining is a 27% shareholder. Eric Sprott is also a shareholder as of lately. All three projects Barrens Lake, Millertown and Badger have just Also close to Sokoman. The whole presentation is geological larping so it’s not of much use to me. Imma put this on SMAYBE just because of the good positioning and a large land package. They may hit something awesome. Currently (April 30th) at ~10M CAD market cap),
Cyprium Metals Limited(Cu, Australia, 1. Nifty Copper Mine 2. Maroochydore Copper Project 3. Paterson Exploration Project. The main goal is to get Nifty into production soon (~1% Cu resource) by immediately commencing drilling and development studies. Maroochydore also has a resource and needs to be worked on. Paterson project farm-in with IGO Limited. IGO to spend A$32M over 4 years. The priority, though, is to get Nifty into production near term. This could be a PPSS play but not for me. At around ~156M AUD market cap currently. Putting it at SMAYBE just to have it on the watchlist.)
Sokoman Minerals(Au, Newfoundland, on the Valentine Lake trend, has bonanza grade hits like 124g/t Au over 5.10 meters including 1.10 m of 550g/t Au, close to New Found Gold and Marathon Gold, Three projects - Moosehead advanced stage, Crippleback Lake and East Alder, 5 phases of drilling completed at Moosehead and phase 6 is underway. Bonanza grade hits over 4+m. They’re comparing their own project to Fosterville. Eric Sprott holds 12% of the company. Putting this at SMAYBE just because it ran up severely and is at around ~75M CAD market cap. For that money you can buy Magna Gold mine cheaply and get the silver projects for free.),
Stellar AfricaGold(Au, Cote D’Ivore, Mali, Morocco, here because it’s working together with Altus Strategies. There are no results and they have yet to drill anything. In SMAYBE just because it should be watched in case something awesome happens.~6.5M usd market cap),
Clean Air Metals(Pd-Pt-Rh-Cu, Thunder Bay Canada, both the Current Deposit and Escape deposit have extremely good drill results with long 30+ meter hits. Escape deposit is at a greater depth than Current Deposit. Around a 2M PdEq oz indicated+inferred resource here. They also have 1 more greenfield exploration target. 2021 will be full of catalysts. The Platinum/Paladium/Rhodium market is surging.),
Kenorland Minerals(Au,Cu, Canada, at a ~40M CAD market cap with 3 projects to be drilled in 2021 - Tanacross, Healy and Frotet. Partnerships with Newmont and Sumitomo (also has some other pieces of land). The Cu project has 2 historical 200m+ ~0.3% Cu hits which is good. Not sure about this, but there literally is a bunch of more advanced projects that are even cheaper than this. Looking forward to results. Rerated this to SMAYBE because Matt suggested they’re good),
Candente Copper Corp(Cu, Peru, 10B+ Cu resource, has other targets to drill, for a 32M USD market cap this is a huge resource. Reminds me of NorthIsle Copper and Gold. We will see what happens with this. I hope the commies don’t win in Peru.),
Forum Energy Metals(PGM,U308,Cu, the main project is PGM and is to be drilled. Seems promising. Possible JV with Rio Tinto funding drilling for Cu. Two uranium properties, one funded for drilling by Orano, the other is Forum’s. At around 47M CAD market cap. Maybe a bit ahead of itself but the results are to be published very soon. Buying now would be a bet on great results in the near future, since the stock clearly has a following and hype),
Hummingbird Resources PLC(Au, Mali-Ghana-Liberia, British, almost paid off all debt, has organic growth and targeting more than doubling production by 2023. Current market cap around ~100M USD while producing ~100koz per year in Mali. Liberia asset is a JV with Pasofino 50/50, and Ghana asset is to be drilled further and developed. Has a 11% position in Cora Gold as well (look above for Cora). Trading on the LSX and available on Trading212. Shitty AISC on the producing asset. Soon to be debt free. They are not counting exploration into the AISC. The CEO says that with the new assets (the Guinea mine) Hummingbird’s AISC could go below 1000$ per oz. I would compare this to Magna Gold, but Magna isn’t aiming such growth. They are at a similar market cap, Magna at 65M USD, and Humming at 104M USD. There’s also Cerrado Gold at close to 80M USD market cap but in Argentina and Brazil. Edit: Re-rated this to SMAYBE because I don’t think it can square up against Euro Sun, Magna, Cora and African Gold Group),
Pasofino Gold(Au, Liberia, saw people protesting on ceo.ca against the capital raise at ~7 cents a share or so. They have a chance to earn-in 49% of the project with Hummingbird, while Liberia will get 10% of free-carried interest. At around 29M CAD market cap. I think Hummingbird is a better buy than this. DFS to be done by the end of 2021),
Pacton Gold(Au, Red Lake, Australia side projects sold 75% to Raiden, this needs to be watched because of the proximity to Great Bear and Pure Gold, but I wouldn’t buy this now. Neither of the two projects show great promise to me even though there were some good hits. Maybe there will be something awesome at depth.),
Etruscus Resources(Au,Ag,Cu, British Colombia, here because of proximity to Seabridge. Needs results. ~7M market cap), Desert Gold Ventures(Au, West Africa Senegal/Mali, shareholders Ross Beaty, Altus Strategies and a number of other institutions, ~24M CAD market cap, the goal is to complete a 43-101 in Q4 2021, some very good drill intercepts, a number of drilling targets at the 400+ km^2 SMSZ Project),
Marvel Gold(Au, Mali, seems like a promising open pit and at ~24M AUD market cap with close to a 1gt+ 1Moz resources which will be bigger, extra projects to drill. Cooperating with Altus Strategies),
Challenger Exploration Limited(Au-Ag-Cu, Australia, has a similar market cap to Lion One Metals but is it really like Lion One Metals? This company has a huge discovery in Argentina and another potential huge discovery in Ecuador. 5 drilling rigs are turning in Argentina atm. Market cap at ~200AUD, will be watching this),
Cerrado Gold(Au, Argentina+Brazil, just jumped ~14%, at ~70M USD market cap, I would put this at yes if the producing smaller asset that’s supposed to support the construction in Brazil wasn’t in Argentina. Also, Euro Sun blows this out of the water too),
DevEx Resources Limited(Ni-Cu-PGE, Au-Cu, U308-Cu-Au, Australia, all of the projects are very promising especially the Sovereign Project and Nabarlek Project which is in the prolific uranium district of Australia. All projects are to be drilled and explored. This current market cap of 91M AUD seems a bit too much for beginner projects, although they all seem pretty good especially the uranium one. May 5th: As far as I’ve seen, no Uranium boys are talking about this one.),
Canterra Minerals Corporation(Au, Marathon Gold Valentine Lake trend neighbour, seems promising, good samples, 5000m drill program results at the main target are to be announced. May 18th: ~10M CAD market cap.),
Kincora Copper(Cu,Au, Australia, a couple of projects, Trundle is the main one and is promising. The 2 main projects are allegedly similar to both huge mines that are in the same districts. Really good hits on Trundle. ~33M AUD market cap right now April 19th 2021),
Pantera Silver Corp(Ag, Mexico, the presentation is very good to the point that it seems jawbone-y and bullshit-y. The surface samples are very good and the plan is laid out very well. Interested about the upcoming 1600m drilling program results),
NorthWest Copper(Cu,Au, Kwanika and Stardust seem outstandingly good. Kwanika resource publish by the end of 2021. Other projects are promising as well, already at a 93M CAD market cap but with 2 projects that will surely have a resource it might not be too much),
Thomson Resources Limited(Ag,Au,Australia, a couple of drilling targets with a plan to turn into a district, need to follow this one, not sure if it is good or not but the historical results seem somewhat promising, 54M AUD ~41M USD market cap),
Cardero Resource Corp(Cu, Arizona, this is getting merged with World Copper Ltd. which has 2 exploration projects in Chile, also, Gold Springs Resource Corp is a 30% shareholder of World Copper Ltd, and Gold Springs has open pit projects in Nevada close to Utah. Gold Springs seems extremely cheap at this ~ 20M CAD valuation but I need to investigate further. If the management is good and the open pit projects in Nevada are to really be built, it might a buying opportunity),
Integra Resources Corp(Au, Idaho, open pit project to be built with a production of around 120koz Au per year, 176M USD market cap – Euro Sun beats this easily),
Rio2(Au,Chile, very good and the CEO is great but compare it to Euro Sun),
Kalamazoo Resources(Au, Australia, very interesting because it is close to Fosterville and has a 1.65Moz project at 2.5g/t resources which is going to be expanded and pushed to development. Other projects are looking for a world-class discovery, Eric Sprott and Novo Resources as shareholders),
Freeman Gold(Au, why is this sub 30M market cap? Maybe a re-rate on resource update),
Gold Bull Resources(Au, Nevada, already has some ounces, awaiting some news),
Chesser Resources(Au, Senegal why is this going down? EDIT: it’s down to 0.12 AUD, very nice),
NorthIsle Copper and Gold(Cu,Au, TAKEOVER TARGET??, the very big retail ownership throws me off, it’s a huge resource, Crux Investor interview is coming. EDIT: Solid Crux interview. The team seems like they know what they’re doing. It surged up today (April 26th). A very big resource ~8B pounds Cu, but not bigger than Candente Copper Corp which has a smaller market cap and an even bigger deposit),
Sterling Metals(Ag, waiting for drilling results or anything, it has been sliding down very nicely because it overreacted to surface samples),
Orca Gold(Au has Montage Gold shares, has a defined resources and will build a mine, jurisdiction risk ), Stuhini Exploration(Ag, these guys seem serious, very good surface sample of Ag, needs results),
Bell Copper Corp(Cu, Friedland, looking forward to results here),
Roscan Gold(Au, Mali, everything seems awesome, resource estimate coming at the end of the year, will be rerated most likely, at around 180M CAD right now),
Antipa Minerals(Au,Cu,Ag),
Montage Gold(Au),
West Vault Mining(Au, Nevada, waiting for higher gold prices, already has a resource, simple project),
Entree Resources(Au, Mongolia),
Pacific Empire Corp(Au,Cu, awaiting results!),
Mistango River Resources(Au, in agreement with Kirkland Lake, Kirkland Lake wins this one IMO),
Sitka Gold Corp(Cu,Au - interesting, hoping for more, need management intel),
Goldshore Resources(Au, Moss Lake Project, Wesdome Gold Mines partner, will probably be an open pit mine, has a resource),
Cordoba Minerals(Cu, here because of Bell Copper Corp project and Friedland),
Tietto Minerals Ltd(Au, Cote D'Ivore :(, high-grade open pit 3MOz resource below 100M usd market cap, ASX listed, on path to produce by the start of 2024),
Rockridge Resources(Cu,Au, seems good, MJG Capital (Matt Geiger) holding, will watch),
Calidus Resources(Au,rather simple, Australia, pre-production-sweet-spot, not enough leverage?),
Surge Copper Corp(Cu,Ag, interesting, 2 porphyry projects, has a couple of 10s of millions of Ag, will watch),
Element29 Resources Copper(Cu,Peru, pretty sure there will be a resource on both projects here), Peel Mining Limited(Cu,Au,Zn, seems simple, 4 open pit deposits, has a mill, ~100M market cap, not enough leverage for me),
Cornerstone Capital Resources(Cu,Au, partnership with Newcrest, Rosseau Asset Mgmt holding, has 20% in a huge project with SolGold),
Lion One Metals(Au,Fiji, possible huge discovery,bigger cap),
Fiore Gold(Au,Nevada cheap, improving),
Gambier Gold Corp(Au, west of the Detour Lake Mine, nice position, needs results),
Kodiak Copper(Cu,Au, 2 projects, the first one in BC with great drilling results, very long hits, part of the Discovery Group, at around 50M market cap so likely a bit late for me),
Spanish Mountain(Au, big resource, seems like a takeover target),
Zacatecas Silver Corp(Ag, Mexico, here only because of the Fosterville South crew, I don't like the thickness (thinness) of the results and the vein systems don't look promising to me),
Contact Gold(Au, Nevada, 2 projects, main project close to Fiore Gold, all drill holes have double digit hits of 1g/t+ average oxide from the surface, why is the market ignoring this and it is at a 20M market cap? May 15th: Looked at the ceo.ca comments - the management seems to be awful. We’ll see what happens with this. May 17th: Comment from ceo.ca: “@TheWealthMiner @vukasinsk yes it is management: company is run by a geo who sucks at communicating the story. For some reason Matt LK didn't want to talk to me ==> I will not even consider buying and will warn others against doing so. Note that Waterton has a very large equity stake which scares of a lot of investors. Also all of their projects have 3-4% royalty encumbrances.“.),
Fosterville South Exploration(Au, Australia, south of KL's Fosterville mine, has big potential and it is below 100M USD market cap, one of the crew members is MedGold's CEO (Crozier)),
Leviathan Gold(Au, Australia, land west of Fosterville South (spinoff), evidence of historic bonanza grades, ~40M market cap USD),
Foran Mining(Cu,Zn,Au,Ag, 200M market cap, Pierre Lassonde big shareholder, very good 1+%Cu grades, everything seems awesome, waiting for lower prices),
Atico Mining(Au,Cu,Ag,Zn, producing mine seems like a value buy with upside, the other projects seems great as well, but Ecuador + Colombia), Turmalina Metals(Au,Cu,Ag, 2 projects in Argentina and in Peru, both projects look extremely good but the jurisdictions suck. This is very good for a ~50M market cap usd),
Stavely Minerals Limited(Cu-Au, Australia, Stavely and Ararat projects. At a ~161m AUD market cap currently. The Cayley Lode deposit seems very promising and has very good hits of high grade Cu. It will likely be an open pit. Imma put this at sexy maybe but I wouldn’t buy it, already at over 100M USD but needs to be watched for progress),
MAYBE:
Aztec Minerals Corp(Au,Ag,Arizona,Sonora Mexico, May 18th: Tombstone JV in Arizona. Cervantes JV in Sonora. High grade Au-Ag highlights: 15m of 6gpt Au and 77gpt Ag. 13.7m of 3gpt Au and 136 gpt Ag. Bulk tonnage Au-Ag highlights 77m of 0.94gpt Au and 42 gpt Ag. 97m of 0.77gpt Au and 25gpt Ag. These are at Tombstone. The Central area is around 285mx200m wide open to expand north and sound. Looking at the table of 2020 drill results at Tombstone, the hits are long but the grades are nothing special. The Ag grades could be higher. AuEq grades are good for an open pit. The key takeaways are that typical open pit heap leach mines operate on 0.4-0.6gpt Au and these AuEq results are high grade. Phase 1 drilling identified bulk tonnage Au-Ag mineralization along an 830m length down to 100m deep. Phase 2 RC drill program will be done in 2021. I kind of like this story honestly, but am not blown away. Phase 3 core drill program will be to target deeper targets by the low resistivity survey to 1000m depth. Those anomalies represent potential Taylor-style massive sulphide deposits (see Arizona Mining). Cervantes project is mainly focused on the California target which yielded long open-pittable Au hits of around 1gpt Au. May 2021-July 2021: Tombstone JV phase 2 rc drilling. Cervantes JV - complete phase 1 2021 exploration program on other targets at the project. August 2021 - December 2021 - plan and commence phase 3 core drilling targeting deeper stuff at Tombstone. Plan and permit a phase 1 RC drilling program on the California and Purisima targets at Cervantes. This is at a ~16M CAD market cap currently and seems okay. I will keep it at SMAYBE but wouldn’t buy right now. The stock has been flat and sliding down slightly. Changed my mind this is going to maybe.),
Xali Gold Corp(Au, Mexico, May 18th: Flagship El Oro asset. 8M oz AuEq historic production. Revenue base planned in Western Mexico with an SDA Plant. Operating history at 100tpd and can expand to 200tpd. The plant could provide ~$1.5-2M of cash flow from operations annually. Also acquired the historic El Dorado Au-Ag mine and Cocula project. These 2 are meant to be used as a revenue base which will be focused into the flagship El Oro asset. El Oro is located 110km WNW of Mexico City. Excellent infrastructure. El Oro’s historic production went to only 200M metres of vertical depth. The company thinks there is much more to be found. Au-Ag mineralization is extended along strike (northwesterly) and at depth in main veins. Potential for new veins. Candente Copper Corp is a shareholder (the company with huge Cu resources in Peru but is somehow at a ~30-35M CAD market cap. HNW Individuals also hold a 17.5% interest and management is close to 10%. This is a very ambitious company and I’m looking forward to seeing what happens with this. I wouldn’t buy this now but keeping it at SMAYBE. Will also check out what the ceo.ca guys think. ~9M CAD market cap currently! Change my mind, going to maybe.),
Adamera Minerals Corp(Au, Washington State, May 18th: nearby mill 2000t/d owned by Kinross, currently on care and maintenance. Cooke Mountain Project is an Adamera/Hochschild mining partnership. Targets to be drilled in 2021. Hochschild can earn 60% in the project by incurring $8M in exploration expenditures over 5 years. Hochschild can earn an additional 15% interest by funding a FS within a further 3 years. Goodfoot, Lamefoot South and Oversight targets at the Cooke Project. There’s also the Buckhorn 2.0 project owned a 100% by Adamera. Keystone Prospect target is the #1 drill priority for Adamera in 2021. Magnetic Mine Proespect target is the #2 drill priority for adamera and has good surface Cu and Ag samples. Close to 200M shares outstanding. The stock jumped close to 10% recently and is at a ~22M CAD market cap right now. I am not ecstatic about this especially because I feel like Hochschild’s JVs so far haven’t been that mind blowing. I could be wrong of course. I wouldn’t buy this for now. Putting it at maybe.),
Colibri Resource Corp(Au, Mexico, May 15th: too many projects and they’re all rather small. Interesting but I’m not overly excited. It’s not awful so not at no. ~12M CAD market cap currently.),
GMV Minerals(Au, Arizona, May 18th: 22% retail, 20% management/advisors, 77.5M fully diluted shares, Mexican Hat Gold project. Expansion drilling Q1/Q2 2021, conversion drilling Q3/Q4 2021. PEA says $153M NPV at 1600/oz around 50koz a year.pre-tax. ~$70M capex and low strip ratio. Pretty high estimated cash cost of production at 950$ per oz. The current resource has a 0.58g/t Au ~700koz. This is not good enough for me. Currently at a 17M CAD market cap which is not a lot but there are better opportunities. This is going to the maybe section.),
Endurance Gold(Au, British Colombia, Alaska, May 15th: Reliance Gold Project and Elephant Mtn Project. Reliance has Eagle and Imperial zones. All targets at Reliance have some solid hits but I’m not blown away. Six drill targets at the Elephant Mtn project. South Zone, North Zone Pump Zone and Central Zone. Trout target and South Fork Target. All have encouraging surface sampling results.North/Pump/Central zone have 0.514 gpt over 99.4m and 0.40 gpt gold over 147.1m holes historically. Nothing special but not awful. All in all, I’m not too excited about any of this, putting it at a maybe. I could be completely wrong since I’m clueless about geology apart from the most basic stuff. But I wouldn’t buy shares here.),
Callinex Mines Inc(Cu-Au-Ag, Manitoba, May 15th: small number of shares outstanding. 27% management and associates, 31% institutional and family offices. 8.4M of cash currently with a ~50M enterprise value. Flin Flon District has the Flin Flon Project and Pine Bay Project. The Rainbow Deposit at Pine Bay has some high grade copper equivalent 5% hits 7-8 meters long but it’s really deep below the surface at ~700m. At Nash Creek in Brunswick there are some long hits of lower grade Ag at surface. Not impressed by this, putting it at maybe. ~39M CAD market cap currently.),
Moho Resources Limited(Au,Ni,Australia, May 15th: Empress Springs gold Project, Silver Swan North Gold/Nickel Project, Burracoppin gold Project. The third project is a 70% JV with IGO. I am not blown away by any of these. However, 2021 is a busy year for them so stuff might change. I am putting this at a maybe to be watched. 7.6M AUD market cap right now.),
Thor Mining PLC(Au, U308, Cu, Tungsten, Australia, Colorado, Utah, Nevada, May 9th: Listed on the LSE, ~15M pounds current market cap. Alford East Project and EnviroCopper Limited 30% equity interest in a company which is in the final stages of technical feasibility on copper resources at Kapunda & early feasibility work on resources at Alford West. This is in Australia. Super low grade inferred resource at deposits in Alford East project. I would ignore these copper things. Next, there’s Ragged Range project in Australia for gold. It has yet to be drilled. Uranium and Vanadium projects in the US returned high-grade uranium surface samples. Drilling is scheduled for May 2021. It’s in Colorad/Utah. Molyhil Tungsten project is at a feasibility level. I don’t think they want to build this. Next steps: Alford-East drilling to extend resource - April/May 2021. I would ignore this copper stuff. Final Stage Technical Feasibility commencing May 2021 for Kapunda Cu-Au project (EnviroCopper Ltd - Government Funded Program), Ragged Range Gold project to be RC drilled in May 2021. Wedding Bell Uranium and Vanadium project to be RC drilled in May 2021 in Colorado. Rating this a MAYBE at the current market cap),
Golden Lake Exploration(Au, Nevada, British Colombia, May 9th: Jewel Ridge in Nevada, Copperview in BC. Battle Mountain - Eureka trend. Jewel Ridge Eureka Upper zone has a 24.54m diamond drill hole from surface at 9.16g/t Au and 65.8 g/t Ag. I’m not blown away by the other RC Drill holes results from the Eureka Tunnel target and Hamburg Target. Copperview project is in British Columbia. Surrounds the Kodiak Copper claims. This is a MAYBE rating. Not at all blown away by this. ~12M CAD market cap currently),
Aston Minerals Limited(Au, Ontario, May 9th: Edleston project is within the prolific Abitibi Greenstone Belt. A lot of issued shares, the company is listed on the ASX. A number of long 30+m 1g/t+ hits at the Edleston Main Prospect. SL-12-136 255m at 2.54g/t from 75m. 284m at 0.82 g/t from 96m. 300m at 0.69g/t from 74m. 143.8m at 0.71g/t from 37.2 at the Hanginwall Zone. The stock went up ~5x recently and is at a 143M AUD market cap. Putting this at a maybe even though the results are good but not from surface, and it’s located west of Kirkland Lake.),
Benz Mining Corporation(Au, Quebec, May 9th: Currently there’s a ~370koz resource on the Eastmain project at around a ~8g/t grade. A zone, B zone, C zone, D zone at the Eastmain deposit. There are some good historical high-grade hits. 50000m of drilling started in January 2021 with a 15M CAD budget. ~75M CAD market cap currently. Putting this at a maybe, I’m not blown away.),
Great Boulder Resources Limited(Au,Ni, Australia, May 9th: Side Well, Whiteheads, Yamarna, Winchester projects. Side Well has been explored before, the results are okay but nothing special. Same goes for other projects. The stock jumped up sharply recently for some reason. At around 30M AUD market cap right now. Putting this at a maybe.),
Kingfisher Metals(Au,Cu, might be wrong, May 15th: moving to maybe cuz the CEO seems cool),
Kestrel Gold(Au, might be wrong, May 15th: moving to maybe cuz of the pumpers on twitter),
Odyssey Gold Limited(Au,Australia, May 4th: this stock literally doubled in a day after they published a drill hole with a visible chunk of gold in it. There are a couple of historical deposits that need to be drilled for at depth mineralization. The results so far are decent and okay. Half a billion shares issued, and the stock doubled +110% in a day being at around 75M AUD market cap. I’m putting this at a maybe to be watched),
Viking Mines Limited(Au,Australia, May 4th: doing work at the historic past producing First Hit high-grade gold mine. Results pending in 2021. I’m not too excited about this. ~31M AUD current market cap),
Ophir Gold Corp(Au, Idaho, May 4th: we’ll see the results. I’m not too hyped about this one. Currently at ~8M market cap), Fabled Silver and Gold(Ag, Exploration, Mexico Chihuahua, has hit some stuff, but I am not blown away, great Youtube content and shareholder communication, will be watching May 3rd: re-rated this to maybe from smaybe. May 15th: I don’t think anything will happen with this one.),
Tesoro Resources(Au,Chile, May 2nd: 70% of El Zorro project, very good long 1g/t+ hits from ~100m of depth, multiple holes with >100m >1g/t Au, high grade zones 30 to 70m, open in all directions and currently 750mx300m, Ternera is the main target but there are also Toro Blanco, Drone Hill and Ternera North and Toro Gordo, very good recoveries of Au, the aim is to push El Zorro to production. I’m putting this at a MAYBE because of the current ~77M USD market cap. This can’t beat Euro Sun Mining.),
Magmatic Resources(Au, Australia, May 2nd:: 28% Directors, 8.8% gold Fields, 24% HNW/Family Offices/Retail, Wellington North Au-Cu project has good long hits so far, but the grades are not mind blowing and the targets are advanced, Myall Cu-Au project also has advanced targets and the hits are rather long but the grades are not mind blowing, Parkes Gold Project meh drilling results from the past on the drilling targets. The biggest potential is in the Wellington North and Myall projects. Extra drilling will be done during the summer 2021. Currently at a ~30M USD and 39M AUD market cap. I am not blown away by this, so I’m putting it at a maybe.)
Quadro Resources(Au, Newfoundland, Valentine lake gold trend, Long Lake project adjacent to Marathon Gold’s Valentine Lake project, Altius Minerals has nearby land as well. Staghorn project seems like nothing special. Only surface sampling results so far, and the drilling on Staghorn is marginal. The land claims near New Found Gold’s Queensway may yield something but I doubt it. I’m putting this on MAYBE for now to be watched, it’s near very good discoveries so that proximity is a plus. I doubt this will succeed tho.Currently at ~5M CAD market cap),
AusQuest Limited(Cu,Ni, Australia, a bunch of drilling projects and targets, at around ~20M AUD market cap. Nothing special imo),
NV Gold Corp(Au, Nevada, Quinton Hennigh in the management, Eric Sprott and Crescat shareholders, $10M joint venture earn in with Hochschild on SW Pipe Project, ~19M CAD market cap, Main projects are SW Pipe, Sandy Gold and Slumber Gold. In discussions with multiple companies (2 majors, 1 intermediate, 2 juniors) for JV/Lease/Sale of some other properties they own in Nevada. I’m not very impressed by this whole story, so I’m putting it a maybe. The results from the main projects are nothing special so far.),
Aurania Resources Limited(Au,Ag,Cu, Ecuador/Peru, I do not see why this company is at a ~100M market cap valuation based on the presentation), Shanta Gold(Au, Kenya and Tanzania, ~175M usd market cap, here because of Kenya and Tanzania. Currently producing around 80koz per year but targeting organic growth with 1 underground mine to produce ~100koz and the other small project that is in construction around 30koz per year. Seems not good enough for me),
Capitan Mining(Au,Ag, Mexico, the results seem marginal to me, tight share structure, gold grades seem pretty low and the hits are not super long. I could be wrong about this but seems marginal. May 15th: even with positive comments from credible guys on twitter about the team in this one, I still wouldn’t buy because at the 5-10-20M market cap level there are much better opportunities imho.),
Clarity Gold(Au, Ontario/Quebec, has some historical drilling results but they are nothing special, it jumped around 15% today (April 22nd) for some reason. They mobilized a second drill. There might be something very good at 250m+ depth),
Compass Gold Corp(Au, Mali, a number of drilling targets, Endeavour is a shareholder, the hits are okay I guess, ~15M CAD market cap),
Goldseek Resources(Au, with and close to Wallbridge, I don’t like this that much),
Andean Precious Metals(Ag, Bolivia, ~200M market cap and already producing, but it seems like a mess to me and needs to upgrade LOM, this is not for me),
Outback Goldfields(Au,Australia, couple of land holdings around KL’s Fosterville, the project that has results is not that good. CEO is the CEO of Gold Bull Resources – Craig Parry. Needs results),
Pacific Ridge Exploration(Cu, British Columbia),
Defiance Silver(Au,Ag, the gold project seems okay and has very good au cu leverage, waiting for Ag results),
Vista Gold Corp(Au, too big),
Prosper Gold(Au),
Tristar Gold(Au, Brazil),
Exploits Discovery Corp(Au, has drill targets near New Found Gold, NFG is a shareholder, already at ~30M market cap with no drills),
Kingsrose Mining Ltd(Au,no),
Kesselrun Resources(Au), Velocity Minerals(Au),
Jaxon Mining(Ag,Cu),
Precipitate Gold Corp(Au, bunch of stuff going on in the Dominican Republic close to Barrick, meh),
Benchmark Metals(Ag..),
Genesis Metals(Au),
E79 Resources Corp(Au, Australia Fosterville goal, needs results),
Newrange Gold Corp(Au,Nevada),
US Gold Corp(Au),
Erdene Resources(Au, Mongolia),
Great Thunder Gold Corp(Au, proximity to Wallbridge),
Norden Crown(Ag),
District Metals(Ag),
Ridgeline Minerals(Au,Ag),
Revival Gold(Au),
Orefinders(Au, in agreement with KL same as Mistango),
Radisson Resources(Au),
Gatling Exploration(Au, why is this being ignored?),
Dolly Varden Silver(Ag),
Discovery Metals(Ag),
Alianza Minerals(Ag),
Juggernaut Exploration(Au),
Aurelius Minerals(Au, am I wrong about this?), 1911 Gold Corp(Au,minimized dilution, has a mill generating ~2M in cash flow and ~10M in revenue, shitty results though),
Libero Copper and Gold(Cu, 4 projects, needs more results),
AUX Resources(Ag,Au),
Scottie Resources(Au),
Ascot Resources(Au),
Moneta Porcupine(Au,2 projects, JV with Kirkland),
Troilus Gold Corp(Au, big resource, takeover target?),
Mawson Gold Corp(Au, Finland+Australia, already $60M market cap),
Abacus Mining & Exploration Corp(Cu,Au, interesting because or $14M market cap with 20% in Ajax major development project 120koz Au + 58t Cu per year),
Sun-Summit Minerals(Au, good area, seems okay but nothing special),
Maple Gold Mines(Au, already 80M market cap, here because of Agnico, the grades are nothing special, the main project may be a big open pittable thing, so I might be wrong),
Fremont Gold(Au, Nevada, seems dead though, should be at NO maybe),
Maritime Resources(Au, seems good, 50M market cap, a bit late for me, not big), Newcore Gold(Au, open pit inferred resource, will be drilling, Ghana, 50M market cap),
Warrior Gold(Au, proximity to Kirkland Lake, Macassa mine and Agnico Eagle's projects, drilling results are nothing special imo),
Heliostar Metals(Au,Ag, I like the Mexico samples, dislike the Alaska story, maybe I'm wrong),
Meridian Mining SA(Cu,Au, why has the mine where they are drilling now been abandoned?),
Aftermath Silver(Ag,3 projects, it's here because of the 6-month low price at the beginning of April, I don't know I like it, here because Peru is going communist probably), NuLegacy Gold(Au, Nevada, on trend with Barrick's Goldrush, good shareholders, already up to 80M),
American Eagle Gold(Au, Nevada, Oregroup company, IPO scheduled for April 2021), m
Montero Mining(Au-Ag, Chile, very nice presentation, 4 targets to drill - I don't like that, no results yet, the first drilling results on Yahoo are nothing special),
Timberline Resources(Au, Nevada, a couple of projects, some good hits on the main project and main target, I am not blown away by this but I might be wrong and it might work),
Strikepoint Gold(Au,Ag, this is not for me),
Mandalay Resources(Au, Australia+Sweden, 2 mines which have potential to be better, a bit higher AISC probably due to exploration, not enough leverage for me),
Arizona Silver Exploration(Ag,Au, might be wrong),
GR Silver Mining(Ag,Au, the presentation sucks, the hits are thin)
Silver Elephant Mining(Ag,Vanadium,Nickel, this seems not good enough to me, but has the Vanadium + Nickel bonus so I could be wrong. The Pulacayo project seems decent tho, will seek more opinions. It’s in Bolivia.)
Sama Resources(Cu,Ni,Cote D'Ivore, good but risky, not for me),
Monarca Minerals(Au,Ag, Mexico, here because I was in a good mood and didn’t put it at no)
Honey-Badger Silver(Ag, Thunder Bay, too sketchy for me, there are people pumping it on Twitter but I’m not sold on it. May 5th: I looked into an interview with the CEO. I like the guy. Re-rating this to a maybe to watch it),
NO:
Impact Silver(Ag, Mexico, May 18th: seems not good enough to me),
Equity Metals Corp(Ag, British Columbia, May 18th: Silver Queen property in BC. Some good but thin high grade hits. Got a maiden resource of ~2Moz Ag at ~800g/t Ag. Monument Property in Canada. Diamond producing district - I don’t care about this. Honestly I don’t think anything happens with the silver project. Putting this at a no. ~16M CAD market cap currently), Aston Bay Holdings(Cu-Au, Nunavut, Virginia, May 18th: Aston bay Property Nunavut, high grade copper and zinc at surface. Blue Ridge Properties, Virginia. 7% owned by Commander Resources, 17% institutions, 7% management. ~190M shares fully diluted. Aston Bay Nunavut Property is optioned to American West Metals. Very high grade Cu hits from surface like [email protected]% cu and 56.3m 3.07% Cu from 12.2m. That’s the Storm Deposit. Seal Zinc deposit has a 10% Zn 46.65 g/t Ag resource. 1.5M Ag oz and 11.44 ZnEq. American West can earn an 80% interest in the Storm Project by spending a minimum of $10M CAD on exploration. American West will be the operator and make a 500k CAD cash payment to Aston Bay on closing. Upon exercise of the option American West and Aston Bay will form an 80/20 JV. Virginia jurisdiction requires no permitting on private land. Drilling year-round. I don’t know I’m not blown away for this and the whole story is weird to me. ~8M CAD market cap),
Northern Shield Resources(Au, Nova Scotia/Newfoundland, May 18th: Nah, I don’t think anything happens with this.),
VR Resources Ltd(Au,Ag,Cu, Nevada,Ontario May 18th: ipod in March 2017. Focused on 3 core assets - Reveille Project Nevada Ag/Cu, Big Ten Project Nevada Au/Ag, Ranoke Project Ontario Cu/Au, around 95M shares fully diluted. Raised $1M on May 1st to fund G&A and exploration through 2021. $3.6M in treasury. This seems to complicated for me and I dislike the presentation. Putting this to no.),
Wildsky Resources Inc(Au),
Kainantu Resources Limited(Au, Papua New Guinea, May 15th: 2 gold projects in PNG. KRL South and KRL North. Has yet to produce results. KRL North is adjacent to K92 operating gold mine. Putting this to no),
Great Southern Mining Limited(Au, Australia, May 15th: not impressed at all. Too many shares issued as well. Going to no.),
ArcPacific Resources Corp(Au, Quebec, British Colombia, May 9th: Rickard Gold Project, Blackdome Project BC, LMSL Project BC, I don’t like the presentation. Putting this at a no. ~7M CAD market cap currently),
Blue Star Mining(Au, Quebec, May 6th: Super shitty results, I don’t think anything will happen with this. Around 5.5M CAD market cap currently. Saw it on twitter.),
GFG Resources(Au),
Bald Eagle Gold Corp(Au, Nevada, seems not good enough), Cascada Silver Corp(Ag, Chile, too risky for me, no results, samples are nothing special),
Hammer Metals(Cu,Au),
Abrasilver Resource(Ag, Argentina so no),
Amex Exploration (Au),
Blackrock Silver(Ag),
Vulcan Minerals(Au,Cu,Ni),
TNR Gold Corp(Au,Cu)
Braveheart Resources(Cu, too complicated for me),
Silver One Resources(Ag),
Teras Resources(Au,California),
MAS Gold(Au),
Indiana Resources(Au,court case),
Loncor Resources(Au,Congo, good but Congo),
Volcanic Gold Mines(Au,Ag,Guatemala),
INVMetals(Au,Ecuador),
Quaterra Resources(Cu),
MAX Resource Corp(Cu),
Northstar Gold Corp(Au),
Canagold(Au),
Stone Gold(Au),
Banyan Gold Corp(Au,not good enough),
Cartier Resources(Au,not good enough),
Richmond Minerals(Ag), Belmont Resources(Au,Cu),
Fury Gold Mines(Au),
Vizsla Silver(Ag),
Anglo Asian Gold(Au),
Grizzly Discoveries(Ag,Co),
Rokmaster Resources-Torq Resources-TomaGold(Au),
Rockhaven Resources(Au),
Glen Eagle Resources(Au,Honduras-Adventurous,shady,no),
Viscount Mining(Ag, sounds complicated, shady, no),
QuestEx Gold and Copper(Au,Cu - good area. not impressive),
Omineca Mining and Minerals(Au,I'm too dumb for this),
Firefox Gold(Au,Finland-nothing excites me here),
Silver Wolf Exploration(Ag,Mexico,nothing yet),
Hannan Metals(Au,Ag,Cu, Peru, Brent Cook recommended this, seems like shit to me),
Edgemont Gold(Au),
Cabral Gold(Au),
Gold Mountain Mining(Au, already at ~80M market cap, not big enough, but good),
SKRR Exploration(Au, I just don't like it),
Graycliff Exploration Limited(Au, pure shit imo),
Altamira Gold(Au),
Tarachi Gold(Au, I see Michael Konnert in the presentation so that's a no, the drill results are nothing special, stock has been sliding down for a reason),
Golden Tag Resources(Ag, not good enough), Austral Gold(Au),
Valorem Resources(Au),
Southern Silver Exploration(Ag, Mexico, Electrum(Kaplan) sold this property, it's not awful, the metallurgy seems not great, it is not silver-y enough, the other project has yet to be drilled, imma skip this one),
Theta Gold Corp(Au, South Africa),
Canada Silver Cobalt(Ag,Co, the CEO is the Granada Gold guy, so no),
Granada Gold(Au),
Galileo Mining Limited(Ni, Australia, close to IGO and Legend Mining, Fraser Range and Norseman projects seem promising, this is not for me so I’m putting at a no),
Metallica Metals(PGM,Canada),
Maxtech Ventures(Au),
Mirasol Resources(Au, Argentina, haven’t looked at the presentation, but people have been hating on it so imma skip),
Sanatana Resources(Au, Ontario/Solomon Islands),
______
MID CAPS (200M - 2B)
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YES:
Taseko Mines Limited(Cu, British Columbia, Arizona, May 18th: Florence Copper, Gibraltar, Aley, New Prosperity, Yellowhead. Gibraltar is a producing mine. Open pit - copper/moly, 135Mlbs production. $1.80/lb Cash costs. 18 years mine life. Profitable even at lower copper prices. 2020 operating cash flow of 106 million. Florence Copper project - phase 2 construction of the plan and other stuff commencing 2021. 21 year mine life with an after tax NPV7.5%DR of 680 million. Very low cash costs of ~1$ per pound of Cu. Very god leverage to copper prices. Yellowhead is a big project with a 4.4B lbs of Cu, 440koz Au and 19Moz Ag. Initial capital cost of C$1.3 billion. Pre-tax NPV8 of 1.3billion CAD. 252 year mine life with LOM strip ratio of 1.4:1. Average annual pre-tax cash flow of 330M CAD in first 5 years, LOM average of 270M CAD. 2021 initiatives for Yellowhead: ongoing community engagement, technical optimizations and improvements, advance environmental assessments and review. New Prosperity project - 3.6B lbs of Cu and 7.7 Moz Au. Taseko has no maturities until 2026 but has ~half a billion in debt. What if Taseko acquires Excelsior as well? Maybe with shares if the market cap goes even higher? I will have this company in mind as a growth buy in a market panic. This is a keeper. Putting it at a yes. Currently at a ~670USD market cap. It ran up significantly during the last 6 months.),
I-80 Gold Corp(Au, Nevada, May 18th: the only Nevada Gold Mines’ operating partner. Three core projects all permitted for development. Getchell(100%), Rodeo Creek(100%), MCCoy-Cove(100%), South Artuo(40%). One producing mine (El Nino @ South Arturo JV). Organic growth to >200koz per year. +15% ROIC. <$1000 AISC. >10Moz resources. 8000 meters of underground drilling planned at El Nino. 22000m of underground and surface drilling at Getchell in 2021. Getchell is at a PEA/Advancec Explo level. PEA to be done in Q2-2021. Has an almost 2g/t Au 1.2Moz resource for an open pit. MCCoy-Cove is at a Feasibility/Advance Explo level. PEA demonstrates low capex and robust economics. PEA calculated at $1400oz Au. These guys seem to know what they’re doing. If I were to replace KL and Centamin or if I had more cash to deploy, this would be one of my core positions. Putting this at a YES. Looking forward to progress),
Centamin(Au, for the turnaround and the dividend and the 0 debt and the 300M in cash),
Seabridge Gold(Au,Cu, multiple huge projects, 1.2B market cap USD currently, this just seems outstandingly good. The biggest mineral reserves in the whole industry by far.),
Copper Mountain(Cu, seems the best in Cu. The stock is invincible though. Good buy for a crash.),
Dundee Precious Metals(Au, seems undervalued),
GoGold(Ag), Adriatic Metals(Ag¸MJG Capital + Queen’s Road + Sprott),
Ramelius Resources(Au, Australia, value buy),
De Grey Mining Limited(Au, Australia, here because of the outstanding results on each of the soon-to-be deposits which are all going to be open-pittable in the 150km trend, the stock is spiking right now (April 16th) while the rest of the market is stagnant),
Gatos Silver(Ag, Mexico),
Orezone(Au, Burkina Faso, PPSS play, would buy probably if it gets smashed.),
Regis Resources Ltd(Au),
SEXY MAYBE:
Solaris Resources(Cu, Ecuador, South America, too big for me, almost a billion market cap. The main project is outstandingly good. Has some JVs as well),
Silver Mines Limited(Ag, Australia,, the main project is supposed to be an open pit silver mine, has a feasibility study and will expand resources with deep drilling which has yielded awesome results, has 2 other exploration projects, around 200M market cap, need help with this one but I like it),
Wesdome Gold Mines(Au),
Emerald Resources(Au,Australia),
MAG Silver(Ag),
Aya Gold & Silver(Ag, Morroco, main project is a huge bonanza-grade Ag, got 2 more projects which will be drilled, would maybe buy in a crash),
Resolute Mining Ltd(Au, Mali, Senegal, debt which is getting smaller, high AISC, 4 equity investments in other companies like Orca and Loncor),
SolGold(Cu,Au, huge project + side projects in Ecuador, together with Cornerstone),
Copper Fox Metals(Cu, 200M market cap, seems interesting with 2 projects and 3 exploration projects. May 7th: Shooting up with copper. ~250M usd market cap.),
Eskay Mining(Au,Ag, British Colombia), MAYBE:
Thor Explorations Limited(Au, Senegal, Burkina Faso, Nigeria, May 9th: The Nigerian Segilola Project is on track for a first gold pour in June 2021. Currently a base case open pit reserve of [email protected]/t Au and ~700$ AISC. Almost 700M shares fully diluted. Good shareholders, Institutional 32%, board 9%, Africa Finance Corporation 17%, family offices 18%, retail 24%. Douta project in Senegal. Thor holds 70% of the license with a local partner with an option to increase to 100%. Makosa discovery with close to surface hits but they are short. Burkina Faso Central Hounde project - Thor owns 100% after acquiring Barrick’s 51% interest for a 1% NSR. Not blown away by this at all. Especially when we consider the market cap of ~226M CAD and the jurisdictions.),
Petropavlovsk PLC(Au, Russia, has too much debt imo, close to 400koz own production for a 1.38 B market cap)
Equinox Gold(Au),
Torex Gold(Au),
Artemis Gold(Au),
Marathon Gold(Au, two open pits, all good, not enough leverage already at 400M),
New Found Gold(Au),
New Gold(Au),
Silver Lake Resources(Au,Cu),
Bluestone Resources(Au, Guatemala, all great but Guatemala),
Liberty Gold Corp(Au),
Great Bear Resources(Au, to be acquired probably),
Freegold Ventures Limited(Au,Cu, main project similar to Kinross' Fort Knox, other is a copper porphyry, not enough leverage for me),
Sabina Gold and Silver(Au, too big for me), Mako Mining Corp(Au, Nicaragua, big project + a big other potential project, 230M market cap, IKN says the CEO is an idiot),
NO:
Legend Mining Limited(Ni, Australia, not for me),
Pure Gold Mining(Au),
Minera Alamos(Au, Mexico),
Hochschild Mining(Au,Ag,RareEarths),
Novo Resources Corp(Au, I just don't like this),
Eloro Resources(Ag,Sn, Bolivia, complicated for me),
Northern Dynasty Minerals(Cu,Au, huge Pebble project, world significance, not for me),
Rupert Resources(Au, Finland, not for me),
Aura Resources Limited(Au, Brazil/Honduras/Colombia, very good growth projected but needlessly risky),
BIG CAPS (2B+)
------
YES:
Kirkland Lake Gold(Au, will swap this position with something else when the time comes, KL might acquire great bear),
Polymetal International PLC(Au, Russia, everything seems great here, decent growth projected and a guaranteed dividend. Also, Rick Rule is praising the Russians) Polyus(Au, Russia, sweet growth projected, very low AISC, a nice dividend as well, seems priced similarly to Kirkland (a bit cheaper even) but has better projected growth. Also, Rick Rule is praising the Russians)
SEXY MAYBE:
B2Gold(Au),
Kinross Gold Corp(Au),
Yamana Gold(Au),
Centerra Gold(Au,value,jurisdiction risk,sweet FCF yield, May 8th: Mine taken over in Kyrgyztan. They say it’s temporary. DON’T UNDERESTIMATE POLITICAL RISK),
MAYBE:
NO:
IGO Limited(Ni,Cu,Au, not for me),
AngloGold Ashanti(Au),
Newmont(Au),
Barrick(Au),
Gold Fields(Au),
Harmony Gold Mining(Au),
______
URANIUM: Deep Yellow YES
Vimy Resources YES
Bannerman YES
Denison Mines YES
Boss Resources YES
Kazatomprom YES
Energy Fuels YES
Goviex Uranium YES/Political Risk
Standard Uranium YES
Baselode YES but needs confirmation that the management is not trash
Queen’s Road Capital YES
ValOre Metals YES/Has yet to be viewed as a uranium company
Thor Mining PLC(has a uranium/vanadium project in Colorado. Have no clue if it is any good and have no clue if they will be able to focus on it because they have like 4-5 projects)
ROYALTIES/GENERATORS:
Queen's Road Capital YES
Altius Minerals YES but not enough leverage
Ely Gold YES
EMX Royalties
Mundoro Capital YES
Lara Exploration YES
Riverside Resources meh Commander Resources (how is this so cheap, I don’t like ALL the projects, but this shouldn’t be at 8M USD market cap I’d say)
ALX Resources Corp(Au,Cu,U308..) meh, we’ll see,
Wealth Minerals Ltd(Ni-Cu, Au), NO
Sailfish Royalty Corp(Au-Ag, sweet Ag exposure, in bed with Mako Mining, a good price run up recently (April 25th now), at around 82M market cap), good jurisdiction exposure, has 1 Ag exploration property of its own, EDIT: wouldn’t buy this, IKN shits on Mako pretty hard and I’m not entirely sold on it), NO
Global Energy Metals Corp(Ni-Cu,Co,Au), NO
Altus Strategies PLC(Au mainly, this is a great way to have African gold exposure. They are at a ~86M CAD market cap with pretty successful royalty partners. Also, Matt mentioned this one is under the radar. Around 70% gold portfolio. Haven’t looked into the financials, got other presentation to look into. Available on Trading212),
Benton Resources(PGM, Canada, exposure to Clean Air Metals and Quadro Resources, Metallica Metals and Maxtech Ventures. Metallica and Maxtech seem somewhat silly to me.) NO,
OIL/NATURAL GAS:
Spartan Delta Corp(Natural gas mostly, Canada),
Reconnaissance Energy Africa(Oil, Namibia, I missed this),
Tellurian(Natural gas, Texas/Louisiana, thinking about betting on this and the CEO),
Contango Oil&Gas(Oil, Texas),