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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: LoneClone who wrote (77714)11/18/2021 12:49:49 PM
From: LoneClone   of 77826
Sandstorm Gold Royalties aka SSL released a PR concerning their 30% interest in the Hot Maden Au/Cu project in Turkay. It wasn't the news we had been waiting for, the release of the PGBS, but still a positive development, the approval of the Environmental Impact Assessment (EIA) by the Turkish government. My notes on SSL says that both the EIA and the PFBS were supposed to have been done in September, so the PFBS must be getting pretty darn close, or as the PR says, 'in the coming weeks".

Message 33579586

FWIW, in response RBC released an analyst report that calls the development positive, noting that the 30% ownership share plus the 4% NSR represent 50% of SSL's NAV, but maintain their usual negative stance, keeping them at Underperform with a target of $US7. BTW, both RBC and I expect SSL to convert their ownership to a royalty interest at some point.

Calibre Mining aka CXB released a PR about the appointment of a new CFO. That David Splett is an interesting choice is detailed on the IKN blog. It just so happens that his previous job was as CFO of Elevation Mining (formerly Northern Vertex), which is rumoured to be the next takeover target for CXB. Hmmmm.

Capitan Mining aka CAPT released another set of drill results from the Capitan Au oxide deposit at the Peñoles property in Durango Mexico. By this point the geologists have a good grasp on the mineralization on the property, with all five reported holes intersecting both the main Capitan zone and the Hanging Wall zone. Again, the assays are not high grade, with all but a few short intervals reporting under 1.0 g/t AuEq, but the Capitan deposit remains open in several directions. Yes, the ore is oxde and extends from surface, but they probably still need a fair bit more to lay the groundwork for an economic mine.

Message 33579719

And Orestone Mining aka ORS announced that "due to delays beyond the Company's control" -- apparently not money, but would it have killed them to tell us what caused those delays? -- the drilling progrmme at their Captain Au/Cu prospect in northern BC has been delayed to Q1. We will have to wait to see if the the geophysics has really defined the porphyry they are looking for.

Message 33579754

Both the PoG and GDX continue to consolidate recent gains. Given the negative fundamental backdrop, Saville still expects a drop, likely back to the August low, once the current uptrend comes to an end.

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