Extensive Analysis

The Fiore-GRP Deal: Giustra Builds Another Gold Producer

Pan Mine, Nevada

1. Introduction

In December 2016 I introduced Fiore Exploration, a new company backed by Frank Giustra, and it has been a relatively quiet 6 months. Fiore completed some drilling on the Pampas El Peñon project in Chile and an IP survey on the newly acquired Cerro Tostado.

But behind the scenes, things were in motion. Earlier this year, Fiore began exploring the idea of merging with GRP Minerals, a private company ramping up the PAN heap leach operation  in Nevada. GRP bought Pan and other Midway Gold assets for US$5.5M and spent another US$18 million on upgrading and restarting the operation. Midway had spent more than US$100 million constructing the Pan mine but in the end failed to execute. The demise of Midway Gold is a whole other story, one I will touch on later.

Upcoming Pegmont Resource Update Will Probably Indicate Lots Of Upside For Vendetta Mining

Pegmont; step out drilling

1. Introduction

As I have already explained before in a recent article on sponsoring company Tinka Resources, the zinc market is on the verge of a potentially huge supply deficit as several large mines have been shut down with more zinc producers to follow suit.

The uptrend in the new zinc cycle has already started when the zinc price moved from less than $0.70/lb  to a recent high of $1.32/lb, consolidating around $1.12/lb at the moment, so it is interesting to focus on interesting projects which could be brought into production in the current zinc cycle which is expected to last 2-3 years.

Tinka Resources: Ayawilca Could Grow Into A World Class Zinc Asset After Successful First Stage Of Step Out Drilling

Ayawilca project; drilling location

The extended version of this article will be published soon on www.criticalinvestor.eu

1. Introduction

When a zinc junior manages to hit 63.9m @ 5.6% Zn and 51.9m@ 10.1% Zn in the very first step out drill hole of a new exploration program, you know they could be on to something very special. Until then, the markets were largely unaware of Tinka Resources and its Ayawilca zinc project in Peru, but this changed very quickly after this, and other intercepts. They were even one of the hottest exploration stories at this year's PDAC.

After doing my due diligence, talking to management, comparing the company with peers, and calculating different scenarios, it appears to me that Tinka could become one of the best zinc juniors around, and the strong drill results so far seem to be underlining my opinion.

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

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