David Erfle - Gold Market Commentary – Fri 8 Mar, 2019

Preview To The Post-PDAC Weekend Show

This is a preview to this weekend’s show. I focus on post-PDAC comments from Byron King, David Erfle, and two companies with comprehensive updates. In this segment David shares some PDAC gossip and a couple companies he thinks are doing the right thing.

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Comments:
  1. On March 8, 2019 at 8:28 pm,
    Paul says:

    David your thoughts on Minauram Gold drill results and what is the potential of this stock next move up. Do they need to finish phase 2 and then complete phase 3 drilling of new veins for stock to make a move.

  2. On March 11, 2019 at 3:22 pm,
    David Erfle says:

    When you look at the recent drill results, they are good but the key thing to point out on the release from last Friday is how widely spaced apart they are. The Minaurum strategy is to prove up a multi hundred million ounce high-grade silver camp at Alamos before detailed drilling begins. Although this is a cheaper but more risky strategy, the company has a very experienced and confident team who believes the entire system may have occurred from a caldera and is a radial fault. The team feels once they have proof of a multi million ounce silver concept, this will attract a major. They are currently mapping new veins and are discovering a new vein system every six weeks. There are two drills turning at Alamos and there will be another assay release in three months, while in the meantime, they are currently taking a lot of soil samples. The company is cashed up for 2 more years of drilling with C$10M in the treasury.


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