Extensive Analysis

Leagold Mining: Woodyer & Giustra Are Building Endeavour Mining 2.0

 

Executive Summary:

  • After Neil Woodyer left Endeavour Mining as a CEO in 2016, he teamed up with mining titan Frank Giustra, to set up Leagold
  • They managed to buy the Los Filos gold mine from Goldcorp in Mexico for US$350M
  • After giving this a closer look, it seems a profitable acquisition for Leagold
  • Development potential provides significant upside in a few years
  • Management is aiming at aggressive growth in order to build the next mid tier producer

Chevrier Gold Project: A New District-Scale Start With Lots Of Upside For Genesis Metals

Chevrier Gold project

1. Introduction

Being established at the peak of the last precious metals bull market as its predecessor Entourage Metals, junior explorer Genesis Metals didn't have the most easiest of times to make a name for itself. Despite a set of very prospective claims and a very experienced team of well-known geologists, things went south during the bear market as significant new discoveries couldn't be made at the time.

Atlantic Gold: Constructing MRC Is Just The Start Of This Growth Story

Touquoy project; Steel structure for grinding building

1. Introduction

Sometimes companies continue to fly under the radar of the big audience, despite having done almost everything right in the past few years, except maybe being too prudent on marketing. One of those companies is Atlantic Gold (AGB.V), which is currently building its Moose River gold mine in Nova Scotia, a mining friendly jurisdiction in Canada (#17 out of 109 according to the 2015/2016 Fraser Survey of Mining Companies). However, this junior isn't completely unknown to the mining investment community, guys like Rick Rule recognized the potential early, and invested heavily together with other powerful backers, when the share price was much lower.

A Critical Q&A with Gianni Kovacevic, CEO of CopperBank Resources

 

There is no way getting around one particular person when you attend most large resource investment conferences the last few years, and that is Gianni Kovacevic. As an entrepreneur, speaker, author, mining executive traveling all over the world, he must be one of the busiest and best connected persons I know, but he is also one of the most friendly and enthusiastic characters you can possibly meet in this industry.

Gianni Kovacevic (far right) with Ross Beaty (Source CEO.CA)

The Hirschberg Premium Stockpick Series Part I: MGX Minerals

    

1. Introduction

This is the first episode in a series of featured junior mining stocks, which are part of the portfolio of famous resource investor Robert Hirschberg from Toronto, Canada. He has made his fortune by being the owner/manufacturer of a promotional clothing company, and invests in junior mining stocks since 1981. Hirschberg has been devoting more and more time to mining stocks over the years, and has made it into being a full-time speculator nowadays.

Dolly Varden: Exploring A High Grade Silver District In British Columbia

Executive summary

  • Dolly Varden is looking for much more high grade silver on its prolific land package, just inside the Golden Triangle
  • A new management team has taken on Dolly Varden under the leadership of Gary Cope as President & CEO.
  • After raising C$7.2M, Dolly Varden is ready for a major drill program in 2017.
  • The 2016 drill results are in and look very promising.

Balmoral Resources: Flagship Asset Martiniere Definitely Looks Like It's Heading In The Right Direction

Executive Summary:

  • Balmoral Resources is advancing two interesting discoveries, the Martiniere gold project and the Grasset nickel/copper/PGE deposit
  • Grasset is one of very few nickel deposits available in safe jurisdictions, decent grade but small
  • Martiniere is the flagship project, and continuing high grade drill results seem to define a collection of several interesting mineralized envelopes, all starting near surface
  • The company was too optimistic in the recent past about timelines of the maiden resource estimate, but I believe Q3 2017 to be my own realistic estimate for Martiniere this time
  • Martiniere could very well top 2M ounces of high grade gold, partly open pittable which could generate very interesting economics, making it one of the premier exploration plays in the Abitibi Greenstone Belt

Black Sea Copper & Gold: A New Eastern European Exploration Powerhouse

Kalabak region, Bulgaria

1. Introduction

Sometimes excellent exploration projects are being dropped by major resource plays during downsizing efforts in downturns. Some of those projects are easily forgotten, but other projects are almost immediately picked up by other, usually (much) smaller, companies that have been waiting for this specific opportunity to occur.

Set Up By Frank Giustra For Exploration Success: Fiore Exploration

Pampas El Penon; drilling

Introduction

With the recovering metals- and commodity sentiment in 2016 (although the Trump election (unexpected by many) and last rate hike were negative for gold and silver so far), a lot of influential groups and individuals in mining are setting up new ventures since the end of 2015 to position themselves the best they can for possibly the next big bull market in mining. One of these individuals is one of the most successful mining titans of our time: Frank Giustra. Having founded 5 (multi) billion dollar resource companies (for example Pacific Stratus Energy, the predecessor of Pacific Rubiales Energy, and Wheaton River, predecessor of Goldcorp and Silver Wheaton) and a multi billion dollar film studio (Lionsgate), he became a billionaire himself because of it. That wasn't it, as Giustra did some remarkable things before he started founding companies himself.

Kerrisdale Analysis On First Majestic: A Critical Review

Executive summary

  • Kerrisdale Capital Management, a short selling hedge fund run by Sahm Adrangi, wrote a short thesis on First Majestic
  • The author implied that this well-known silver producer was currently 70-80% overvalued, and also focused on the promotional background/nature of CEO Keith Neumeyer
  • He isn't the only big name promoting his company, and not the only big name betting on much higher metal prices
  • Although First Majestic actually has a high valuation based on the main ratios and multiples, 70-80% seems to be harsh and doesn't do justice to the company in my opinion
  • Surprisingly, after a few weeks since the report came out, it seems that instead of shorting, Kerrisdale actually called a bottoming process for First Majestic

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