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   Gold/Mining/EnergyGold and Silver Juniors, Mid-tiers and Producers


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From: james flannigan11/10/2021 11:04:57 AM
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Gold passed its breakout level of $1837 and blew right through it.The US and global economies have entered a period of stagflation with crisis energy shortages all over the globe.So owning any gold stock is going to be very rewarding.But the focus is on high grade deposits such as NFG,AMX HIGH and GBR.But my top pick for super high risk reward is GQC if that permit ever comes?.I don't know if it ever will be issued but buying a 2.5 million oz 43-101 with an AISC of only $600 in say $2000 gold for $15 million net of cash is NUTS!!!.But its a gamble at least I have taken.I don't suggest to buy GQC if one can not stomach high risk.But in this gold price almost any gold stock is a buy in my view.

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To: james flannigan who wrote (77697)11/10/2021 11:52:59 AM
From: LoneClone
   of 77844
 
Not holding my breath -- maybe if the ruling party can win the next election...

LC

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To: LoneClone who wrote (77699)11/10/2021 12:57:42 PM
From: LoneClone
2 Recommendations   of 77844
 
I-80 Gold aka IAU reported its Q3 results today. Due to recent series of transactions most of the numbers in the PR don't mean a lot, e.g. their share of the gold production from the South Arturo JV was 3254 oz , but they have since sold that interest. Likewise, they finished Q3 with a cash stash of almost $52M, but with the subsequent transactions and the associated financings that number has little reflection on their current position, which we won't know until all the details are settled.

Right now the IAU story is all about the future; how quickly they can start underground production from Granite Creek, and then how quickly they can refurbish the Lon Tree Mill and bring the Granite Creek open pits into production, followed by their other Nevada gold projects. In other words, how quickly can they become a cash flow machine? I am estimating two years before start up expenses diminish and cash flow generation really kicks in.

Message 33568011

Yukon silver miner Alexco Resources aka AXU is a little further along in its transition to becoming a producer at their Keno Hill complex, as we can see in its Q3 results. They earlier restarted production of remnant ore from the Bellekeno mine, which was exhausted last month, while starting to mine ore from the the Bermingham mine. As the metallurgy is different, they decided to finish processing Bellekeno ore before starting to feed Bermingham ore through their mill, meaning production was down slightly in Q3. Mill throughout was about about 40% of the eventual goal of 400 tpd. Getting to that goal will become easier once they also start mining at Flame & Moth this quarter. Meanwhile, they completed an exploration drill programme at Bermingham Deeps, which they expect to become their next source of ore, with the rest of the result expected in Q4.

I expect AXU to really start to shine in 2022 as the inevitable teething problems are worked out.

Message 33568041

Wallbrisge Mining aka WM just can't seem to get any respect, selling off today on the release of the initial Resource Report for their Martiniere and Fenelon Au properties in Quebec. For reasons unknown to me, it seems an Indicated resource of 43.56Mt @ 1.91 g/t containing 2.67M oz Au and an Inferred resource of 31.78Mt @ 1.69 g/t containing 1.72M oz Au just doesn't measure up. Again, I am not sure why. The metallurgy is straightforward, and the mine plan,s, a combination of open pit and underground, seem like they will work (albeit that is just a guess until we see a PEA/PFBS).

The deposits remains open in most directions, and there are other prospects in the area that need to be explored, which is why WM says they intend to do more drilling before they embark on the economic studies. Perhaps that 'delay' bothers those holding for the inevitable takeover by one of the larger miners working in the area.

Message 33568073

Nomad Royalties aka NSR announced they have instituted a dividend reinvestment plan, which allows shareholders to be paid their dividends in shares rather than cash without paying any fees to do so. The way these are set up, you can accumulate fractional shares, but that may be problematic if your shares are held by a brokerage. I intend to follow up with mine to make sure I can participate, and if you are an NSR shareholder through a brokerage you should definitely follow up with them

ca.finance.yahoo.com

FWIW, TD released a new report on Sandstorm Gold Royalties aka SSL that sees their new dividend as slightly positive, albeit they are keeping them at Buy with a target of $12.50.

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To: LoneClone who wrote (77699)11/10/2021 1:07:42 PM
From: james flannigan
   of 77844
 
LC have contacted GQC and asked them to follow up on the Almonte statement.I think they are going to.One way or another for better or worse Romero needs to be permitted or rejected.GQC should not wait any longer into the new yr in my view.

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To: james flannigan who wrote (77701)11/10/2021 2:35:02 PM
From: LoneClone
1 Recommendation   of 77844
 
I still hold some GQC shares but am also fully aware of the internal political pressures the president is facing, including from some powerful people who are opposed to Romero. The big money in the DR is in tourism, and those who get rich from tourism are very sensitive to any development which can be portrayed as possibly affecting tourism values. This affects Romero even though tourists don't go there.

LC

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From: kidl11/10/2021 6:42:36 PM
   of 77844
 
KRR ... Oliver Turner is my favourite spokesperson for the company.
45 minutes not wasted if you have an interest in KRR:
6ix.com

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To: LoneClone who wrote (77700)11/10/2021 6:52:41 PM
From: Pianoman1997
1 Recommendation   of 77844
 
Expectations for the maiden resource estimate were way too high. I've seen numbers like 7-8 M oz floating around. It takes time to build millions of ounces. If it drops any further, I'll probably buy or maybe wait for the next round of fund raising. This is a good junior to own.

«Wallbrisge Mining aka WM just can't seem to get any respect»

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To: LoneClone who wrote (77702)11/11/2021 8:15:26 AM
From: james flannigan
   of 77844
 
50% of tax revenue of the DR is from mining.If it wasn't for Barrick and its advance of future tax obligations that it paid about $300 million in advance of future profits for a yrs worth the DR would have gone bankrupt due to covid halted tourist travel.They the DR need mining to not end up like Haiti who has no rule of law and permits nothing and that keeps the country lawless and in poverty as one of the poorest countries in the world.The new DR president Abinader is Harvard educated in free market business economics.Some of his cabinet is from the Stern School of Business.But he is up against tough opposition by some wealthy crooked people who don't give a dam about the enviro other than to use it to extort bribes to permit mines.I have no idea if he can issue permits,but make no mistake about it Barrick will get its tender with in days.At any rate inflation is running red hot so gold is going higher. With that tail wind and a "possible" permit this yr or early next yr GQC could have a big score for investors buying the shares today.I do not suggest any one to buy GQC unless you think you understand it well.:https://www.elorientadorrd.com/2021/11/de-aprobarse-proyecto-minero-romero-san.html If Romero mining project is approved, San Juan would be one of the most prosperous provinces in the DR Freddy Medrano Mercedes November 10, 2021 SANTO DOMINGO, Dominican Republic . - If the environmental studies that the Goldquest firm would carry out on the Romero mining project determine that it does not affect water or agriculture, San Juan would become one of the most prosperous and educated provinces in the country. This was raised this Wednesday by investment promoter Fernando González Nicolás, who said that the executives of the Romero project are only waiting for the Government to authorize environmental studies in the San Juan province. The president of the Board of Community Countries in the Dominican Republic said that, if the environmental studies determine that the mining project is possible, the technicians' recommendations would be accepted. González Nicolás recalled that Goldquest Corporation, which has recognized solvency in responsible mining and that its investors come from the Commonwealth countries, such as Canada and Great Britain .

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To: james flannigan who wrote (77705)11/11/2021 12:33:59 PM
From: LoneClone
   of 77844
 
The political power in the DR lies with families involved in tourism, regardless of the relative contributions of mining vs. tourism to the economy. And almost all that mining income comes from one mining area, and powerful forces inside the country want to keep it that way.

Getting approvals for Romero remains an uphill battle.

P.S. Using paragraphs would make your writing much more readable.

LC

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From: LoneClone11/11/2021 1:22:48 PM
   of 77844
 
Endeavour Mining aka EDV released their Q3 results and they were, to use a technical term, darn good. They produced over 382k oz Au, down a bit from Q2, but they still managed a considerable increase in cash flow. As a result, they say they expect to exceed the top of their 2021 production guidance while managing to keep costs within that guidance. They expect to increase their share buyback programme, and are hinting at a very nice dividend at year end. Even after the shareholder returns, their cash stash is still more than $760M.

With the integration of their two big purchases pretty well complete, EDV will generate huge cash flow next year even while carrying out development and exploration programmes, so it is no surprise that the share price has reached levels not seen since 2008.

Message 33569674

Golden Goliath aka GNG released the results from the final 7 holes of its drill programme at the Kwai Au prospect in Ontario. The PR uses the ominous word 'anomalous' and, another bad sign, doesn't even bother to include the assays. In the discussion they admit they didn't find the source of the gold grains in till as they had hoped, but stress that they found all sorts of promising indicators. This was never going to be easy, as in this area the prospective strata are deep and covered by a thick layer of overburden. They are going to retire from the field and lick their wounds, er, I mean study the results and plan next year's exploration.

Message 33569714

FWIW, BMO released a new report on Wallbridge Mining aka WM, rating them at Outperform with a target of $1. They cite that the resource was at the upper end of their expected range, and that the open pit and underground bulk mining zones contained more gold than they expected. They also expect at least another 4M oz to be proved up, and expect an upward rerating once economic studies get underway.

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