Developer

Kutcho Copper: A New And Very Robust Base Metal Developer

Kutcho project

1. Introduction

Very rarely I come across a junior that simply seems to tick almost all boxes, and it looks like new sponsor Kutcho Copper (KC.V) is doing just that. From project profitability to management, from financials to geology, from location to metal prices, it comes across as a genuine display of quality and excellence. CEO Vince Sorace certainly made the most of Capstone Mining's strategy change a few years ago not to develop relatively smaller, non-core assets, and now looking to divest assets to clean up their troubled balance sheet.

Future Upside Provides Excellent Entry Point For Fiore Gold

Pan Mine, Nevada

After a lengthy trading halt since June 12, Fiore Gold (F.V) started trading on October 2, having completed the business combination with GRP Minerals. This took quite a bit of time, as it was a fairly complex venture for both companies, with a lot of paperwork.  I view this deal as an accretive one, as a lot of tangible value through much more advanced assets was added, up to an estimated Net Asset Value of about C$120M in my view, and a lot of realistic growth potential. Apparently, not everybody had the same long term view for Fiore Gold as is needed in this case, the company now morphing into a long term growth production story instead of an exploration story, and a sell-off started immediately after opening of the markets:

Genesis Metals: Chevrier Phase I Drilling Completed, Phase 2 Program Commencing

Chevrier Gold project; IP anomaly

In between exploration success stories (for example GT Gold) or possible myths in the making (Novo Resources) taking center stage, Genesis Metals quietly completed the Phase I drill program, consisting of 4,900m of diamond drilling. Results were announced on October 3rd of 9 drill holes, and channel sampling. Management received two separate batches of results of the Phase I drill program, reporting 8 out of 9 holes testing greenfield IP anomalies in 2 target areas in (see image above in red) now in the first batch, and the remaining 13 drill holes focused on the Main Zone will come out in the second batch in about 3 weeks.

Rise Gold: A Tiny Junior Targeting 1-3Moz High Grade Gold, Left Behind In Past-Producing Idaho-Maryland Mine

Former Idaho-Maryland Mine, Nevada County, California

1. Introduction

Sometimes I come across mining stories that read like an old fashioned treasure hunt of sorts. Rise Gold (RISE:CSE, RYES:OTC), a small junior headquartered in Vancouver, falls neatly into this category in my view. CEO Ben Mossman found the past-producing high grade Idaho-Maryland gold mine after intensely searching the internet for about 5 months, scanning eligible projects up for sale, historic databases and other leads. When he started doing his due diligence, which meant sifting through a basement full of old documents, it soon dawned on him that this project could host huge exploration potential, besides the considerable historic (2002) high grade estimate of 0.4Moz @ 9.1g/t Au M&I and 0.9Moz @12.7g/t Au Inf, as the Idaho-Maryland had to halt production in 1954 when it was nowhere near depletion.

A Critical Q & A With MGX Minerals CEO Jared Lazerson

Oil wells; source

According to the significant number of news releases and different projects and activities going on at the moment, MGX Minerals (XMG.CSE) must be one of the busiest junior mining companies I know. A few of those activities definitely have the potential to be company makers on a vast scale in my view. However, as most activities are still relatively early stage, not verified and sometimes seem to compete for strategy focus, it could be difficult at times to follow what's exactly going on for investors, let alone adequately value the company. As a consequence, the share price has been side-ranging for quite a while now, as can be seen here:

A Critical Q & A With Nemaska Lithium CEO Guy Bourassa

It has been relatively quiet around Nemaska Lithium the last 6 months or so, after it started construction on the Phase I plant and completed several early stage parts of the Whabouchi Mine, besides looking for capex financing packages along the way. Although lithium product prices held up very well at relatively high levels and are even slowly rising again:

Source: Galaxy Resources/CJ Securities by Seekingalpha

the Canadian stock market sentiment turned a bit soft/neutral, so an advanced and permitted lithium development story looking for major funding often doesn't get the most love from investors in this kind of climate, as can be seen in this chart:

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