Chris Temple from The National Investor – Fri 19 Jun, 2020

Metals commentary and comments on Omineca Mining and Metals

Chris Temple wraps up the week with comments on the moves in precious metals today. With most asset classes moving up today gold, silver and gold stocks are generally outperforming. A comment out of Goldman Sachs is helping.

I recently received an email from a listener asking for more comments on Omineca Metals and Mining (TSX.V:OMM). Chris provides his insights and outlines why he thinks this could end up being his biggest win ever. To get the free report Chris offered email him at Chris@nationalinvestor.com. You can also email me directly at Fleck@kereport.com.

Click here to visit Chris’s site

Click here to read over the Omineca presentation.

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Comments:
  1. On June 19, 2020 at 10:58 am,
    Excelsior says:

    Goldman Sachs hikes 12-month gold-price forecast to $2,000/oz

    Allen Sykora – Friday June 19, 2020

    https://www.kitco.com/news/2020-06-19/Goldman-Sachs-hikes-12-month-gold-price-forecast-to-2-000-oz.html

  2. On June 19, 2020 at 11:01 am,
    Excelsior says:

    Silver price is ‘better positioned’ than gold to rally into year-end – Orchid Research
    June 19, 2020 – Kitco News

    “We expect silver to be relatively more resilient than gold due to its lighter spec positioning. In fact, we think silver is better ‘positioned’ to rally in the months ahead,” Orchid Research wrote in a Seeking Alpha post on Wednesday.

    https://investingplanner.com/2020/06/silver-price-is-better-positioned-than-gold-to-rally-into-year-end-orchid-research-kitco-news/

  3. On June 19, 2020 at 12:43 pm,
    David says:

    20 mins before close and looks like we got a rebalance in miners. At least its positive.

    • On June 19, 2020 at 12:54 pm,
      David says:

      Mostly Great Bear for me.

      • On June 19, 2020 at 1:24 pm,
        Excelsior says:

        My biggest winner on the day was (SMTS) Sierra Metals up 43% on the day, and rightly so…. as their latest drill results released were impressive, and there are rumors of a buyout.

        I’ve been steadily adding to my position the last few months, but decided trim 1/4 of the position into the close as the move was so much so fast. They’ve definitely been due for re-rating, but sometimes giant daily moves like these give some back on the next trading session. However, if something much larger is going on (like a potential JV, strategic partner, or takeover) then I may have shot myself in the foot by selling any at all. For risk management purposes I felt it was the right thing to do sell a quarter slice of the pie, and if it surges higher next week, I still have 3/4 of the pie left to feast on. 🙂

        __________________________________________________________________

        (SMTS) (SMT) SIERRA METALS CONFIRMS NEW HIGH-GRADE SILVER ZONE AT ITS CUSI MINE, MEXICO, INCLUDING 17 METERS TRUE-WIDTH OF 428 GRAMS PER TON SILVER, AND PROVIDES AN OPERATIONAL UPDATE
        JUNE 18, 2020

        https://www.sierrametals.com/investors/news-releases/news-release-details/2020/Sierra-Metals-Confirms-New-High-Grade-Silver-Zone-at-Its-Cusi-Mine-Mexico-Including-17-Meters-True-Width-of-428-Grams-Per-Ton-Silver-and-Provides-an-Operational-Update/default.aspx

        • On June 19, 2020 at 1:28 pm,
          Excelsior says:

          (SMT) (SMTS) Sierra Metals:

          “The most important implication of this re-interpretation is that rather than a widening of the Santa Rosa de Lima zone, these veins extended further to the North East side of the Cusi fault, which was considered barren of silver mineralization before. Note that the Cusi fault coincides with The Santa Rosa de Lima structure. All the historic silver mineralization at the Cusi mine reported by Sierra Metals was in the South Western side of this regional fault. The new discovery is an extension of the Cusi Vein systems in the North East of the fault and, rather than barren, the veins are reporting silver grades and widths above the average of the structures previously known at the mine in the South West to the Cusi fault”

        • On June 19, 2020 at 1:57 pm,
          David says:

          Sierra Metals: Wow. Big finish to the week. Looks like it was rambling along in a small range all week and then played rocket ship. About 2:30 I was watching my day being washed away and I was preparing to sulk all weekend, when at 20 minutes before close Great Bear and a few others woke up from hibernation and ran into close, making me up for the week. Now I have to try to remember how to smile. I can get back to my wall of worry Sunday evening. Well congrats Ex on Sierra Metals. It will be this weekends homework assignment.

          • On June 19, 2020 at 2:32 pm,
            Excelsior says:

            Thanks David. Yes, overall it was a mixed to flat day with most miners up or down 1-5%, but there were a few standouts that had a nice end to the week. With Sierra Metals, I don’t believe they are really followed that much, and it may be because they are more of a Polymetallic producer where their emphasis shifts based on the price of the underlying metals and their mining sequence. They are mainly Copper/Silver/Zinc but do have significant Lead & Gold credits as well, and operate 3 different mines in Mexico & Peru.

            I guess because Sierra Metals is more base metals than precious metals they are overlooked by many PM bugs, but also overlooked by Copper and Zinc purists. Personally I like that they have a diversified mix of metals, but the new Silver discovery on the other side of that fault next to their old known deposit really beefs up their potential Silver resources and that is quite constructive the resource continues on the other side so they may have just found Cusi 2.0. They are also very competent operators with some new management team changes recently, so it’s a good time to review their more clear strategy moving forward. SMTS is still in the middle of an operational turnaround, but I’m very comfortable holding the core position for the longer term and see them as nice optionality to rising prices in most of the key metals I follow.

            _______________________________________

            (GBR) Great Bear that you mentioned has been in beast mode for the last year and had a nice move today up 11.3% on the day.

            INV Metals was up 18%, GGX Gold was up 37%, BTU Metals was up 15% etc….

            I’ve been impressed with how (MQR) Monarch Gold has been performing since the March lows. I only have small position in it but it’s been running higher and higher, and moved skyward again today closing up 14%.

            (MQR) (MRQRF) Monarch Gold – Corporate Presentation June 2020

            http://monarquesgoldfiles.com/documents/files/Corporate-Presentation-PDF-EN.pdf

          • On June 19, 2020 at 2:35 pm,
            Excelsior says:

            Monarch Gold Begins Vast Data Compilation Program At Its Camflo Gold Property, Barrick Gold’s Original Asset

            18 Jun 2020

            https://www.monarquesgold.com/news-releases/monarch-gold-begins-vast-data-compilation-program-at-its-camflo-gold-property-barrick-golds-original-asset

          • On June 19, 2020 at 2:55 pm,
            David says:

            My % movers were Ely @ 14.9, GR Silver 13.1, West Red Lake 15.74 and Silver Grail 12.52. Silver Grail had a +40 or so one day recently. Maybe we can get Silver moving next week. I finally gave up on Bayhorse which I will probably regret. I added it to Precipitate hoping that Barrick can get it going.

          • On June 19, 2020 at 4:15 pm,
            Excelsior says:

            Yeah, I saw Silver Grail moving, but it is intertwined in JVs with Tudor, Teuton, and American Creek which have all been on a tear as well, so not surprising.

            GR Silver has done well, and I’ve looked at it and like it but am well stocked on Silver companies at present. Santacruz Silver had a nice move this week as well, so the Silvers are starting to wake up a little, but most haven’t really got into gear yet. As for Bayhorse, it has been frustratingly flat, and I’ve considered giving up on it as well, but when it moves, it tends to really surge suddenly, and I still believe they are close to getting their mine in production using the ore sorter, and now they have the Canadian Gold/Silver exploration as well. Having said that, using 20/20 hindsight, I would have been better off going in stronger on some of my Silver positions that really moved strong like Discovery, Alexco, Impact, Coeur, Silvercorp, etc… and just waited until now to position in Bayhorse as it’s been dead money the last year. Same thing with Brixton and Avino, but I’m interested in exiting some of these positions if they have some good drill news in the next few months and there is an upward surge that provides a liquidity event. I actually added some to Kootenay and Vizsla this week expecting them to continue to put out some good news in the next few weeks, and I’m interested in holding onto them longer term. I almost added to my Orex position as well, but am biding my time with them to focus elsewhere first. I’ve had the most fun and most gains lately just swing-trading, and sometimes day-trading CDE Coeur Mining. It has a lot of intraday volatility and liquidity so it is easy to get in and out of frequently.

          • On June 19, 2020 at 4:22 pm,
            Excelsior says:

            I’ve also traded Aurcana a few times recently but added some back this week to the position I sold last week.

            AUN hasn’t had much newsflow lately, and their Corporate Presentation is 3 months old, but I still believe they’ll make it into Silver production in the next 12 months, along with Alexco, MAG, and maybe Bayhorse. Aurcana has a smaller resource, but their Revenue-Virginius Mine is the highest grade undeveloped Silver asset on the planet. Their high grade will be their saving grace, and if they can do more exploration and expand that mine then things may get very interesting. They also still have their Shafter Silver Mine in Texas as mine #2. We’ll see how it goes…

            http://www.aurcana.com/_resources/presentations/Corporate_Presentation.pdf

  4. On June 19, 2020 at 4:37 pm,
    Jean Turcotte says:

    That Temple guy is sure cheap with the “Thank you,Cory”

  5. On June 19, 2020 at 5:04 pm,
    blazesb says:

    I initiated positions this week in Jaguar, Santacruz and Denison. They’ve been on my radar for a while but your input strongly influenced my decision. Thanks Ex.

    • On June 19, 2020 at 6:51 pm,
      Excelsior says:

      Good picks blazesb. All 3 are under-appreciated at this time and should do very well over a 1-2 year time horizon. May your investing be prosperous.

      • On June 19, 2020 at 8:30 pm,
        Excelsior says:

        blazesb – Check out Morris Hubbartt technical analysis on Santacruz Silver (SCZ).

        Morris believes Santacruz is going much higher and I love the chart set up in this short video he put out under SFJ.

        https://youtu.be/vOLqLpgLgZQ

    • On June 19, 2020 at 8:40 pm,
      Excelsior says:

      (JAG) (JAGGF) Jaguar Mining Announces Normal Course Issuer Bid

      by @accesswire on 16 Jun 2020

      “Jaguar Mining Inc. announces that the Toronto Stock Exchange has accepted Jaguar’s notice to make a normal course issuer bid to purchase for cancellation up to 36,232,694 common shares in the capital of the Company in total, being 5% of the issued and outstanding Common Shares as at the date of Jaguar’s notice to the TSX, to be transacted through the facilities of the TSX. The actual number of Common Shares that may be purchased pursuant to the Bid will be determined by management of the Company. The Bid will commence on June 18, 2020 and will terminate on June 17, 2021, or such earlier time as the Bid is completed or terminated at the option of Jaguar.”

      https://ceo.ca/@accesswire/jaguar-mining-announces-normal-course-issuer-bid

    • On June 19, 2020 at 8:43 pm,
      Excelsior says:

      (DNN) (DML) Denison Announces Independent “Proof of Concept” Achieved for Application of ISR Mining Method at Phoenix and Details of 2020 ISR Field Program

      4 Jun 2020

      David Bronkhorst, Denison’s Vice President Operations, commented:

      “Petrotek applied a rigorous process of calibration to several numerical models developed based on hydrogeologic data collected from 19 test wells installed into the Phoenix deposit during the 2019 Field Test. Based on this site-specific data, the hydrogeologic model allowed for the simulation of an ISR wellfield including a total of 18 extraction wells and 33 injection wells across Test Area 1 and Test Area 2 of Phoenix. Based on these simulations, Petrotek concluded that the results demonstrated ‘proof of concept’ for the use of ISR mining at Phoenix. This result represents a significant milestone in the ongoing de-risking of the use of the ISR mining method at Phoenix.”

      https://ceo.ca/@newswire/denison-announces-independent-proof-of-concept-achieved

  6. On June 19, 2020 at 5:14 pm,
    David says:

    I had Aurcana years ago and was impressed with their resource. Something made me sell it and it might have been a reverse split. It could have been most anything. I sold about a quarter of Kootenay and added to Silver Grail. I added to Novo, Freegold, Pure Gold, Precipitate with some Discovery, Silver rest and Wallbridge. I hope all this stuff starts moving so I can see who the real winners are.

    • On June 19, 2020 at 6:52 pm,
      Excelsior says:

      Good choices David. I’m getting excited to see what Barrick does on Precipitate Gold’s property. I picked it as one of my 3 companies in the 3 month Summer Stock Picking contest over at ceo.ca that @EvenPrime is running.

  7. On June 19, 2020 at 7:28 pm,
    Dick Tracy says:

    I get so frustrated with America’s Gold And Silver. I have been in and out so many times that it just leaves me mumbling incoherently. I think management needs some PR skills, it should be a Real WINNER but it is stuck in the mud. If they don’t get their finger out of the dyke, The Chinese mining companies will do it for them. DT

    • On June 19, 2020 at 8:05 pm,
      Excelsior says:

      I know what you mean DT, although, I still believe Americas Silver has a massive re-rating coming over the next 12-18 months. It isn’t their PR that was the issue, but rather a series of setbacks over the last year:

      -they had some operational challenges in their Mexico Cosala operations
      – as well as a small protest at the site last year that is behind them now
      – Zinc & Lead prices cratered in 2018 moving into 2019 and are still depressed
      – they took an extra 2 quarters to get the gold production going at Relief Canyon (not a surprise as almost every company, except Atlantic Gold, has had problems bringing their new mines online)
      – they have the Sprott financing for Galena in Idaho that is now moving that project forward, but right as they started working, Silver prices plummeted down to $12, but have now bounced back to the $17-$18 range
      – they had Covid-19 shutdowns at their locations which threw off their production and costs for last quarter, and it will likely affect Q2, but I’d anticipate their Q3 and Q4 quarters to really do well as they’ll be firing on all cylinders by then.

      Most of the challenges are overcome at this point, but yes, they better get things running at full tilt so a Chinese mining conglomerate doesn’t come in and make an offer to take them over on the cheap. Their market cap is still surprisingly low at $250 Million for their annual production from 4 mines and 3 mining complexes, and many peer companies are valued at $500 Million – $1 Billion. I could see them easily going up 2-4 times from here by the end of 2021, and much more than that if the base metals Silver/Zinc/Lead finally start moving higher again.

      Also it should be noted that Americas Gold and Silver is transitioning from 2019 where 25% of production was Precious Metals and 75% was base metals, to next years target in 2021 of 75% Precious Metals and 25% Base Metals. That tidal shift in strategy is not being accurately priced in by the “forward looking” markets, due to the recency bias. Once more analysts get a clue about this shift from base metals dominance to precious metals dominance in their production profile, it will get USAS more in line with Hecla, Coeur, Hochschild, Silvercorp, SSR Mining, etc…

    • On June 19, 2020 at 11:10 pm,
      Excelsior says:

      DT – Hopefully this video may cheer you up some. 🙂

      ____________________________

      Are you ready for Canada’s Next Gold Mine? Watch this webinar to get an overview of PureGold Mining (PGM) (LRTNF)

      Adelaide Capital

      Canada’s Next Gold Mine: Darin Labrenz, CEO, and Graeme Currie, Chairman, of Pure Gold Mining (TSXV: PGM, LSE: PUR) discuss the Company’s plans for first gold production by year end at the Pure Gold Mining Complex in Red Lake. PGM will be funded beyond first pour into expansion through its solid balance sheet and future cash flow. With an IRR of 51% based on Phase 1 alone and $1,500/oz Au, Pure Gold is well positioned to take advantage of the strong gold price and resource upside.

      Why we like Pure Gold Mining:
      · Strong Management Track Record – multiple takeovers, multiple mines constructed
      · Favourable Macro – bull market for gold, favourable currency benefit
      · Tier 1 Asset in a Tier 1 Jurisdiction
      · Scalability – LOM production and economics are understated by current feasibility study
      · Fully Funded to Scale
      · Undervalued, Underfollowed by the Street
      · Commercial Production at Year End – near term cash flow

      https://youtu.be/-Ih2pLSUZJs

  8. On June 19, 2020 at 7:38 pm,
    David says:

    Ex: I kept two of my three previous (DSV and TLT), but dropped Vizsla for the contest and added Freegold. Sprott has everyone fired up on Freegold and if they hit another good drill, it should move. I still hold my original Vizsla shares which are barely green. It made that run up at the end of 2019 and I added, then it tanked. It still has a move in it but don’t know how long before Jamie Dimon takes his knee off silver. I think Freegold will have something in the next month or so. Watch Vizsla run. TLT was going to get Phase II going in the US but had to call off US and Canada testing because of the virus risk. There has to be some pending results on some done before Jan 2020, but they are holding back. In the meantime the price wanders around in a range limr a silver miner.

    • On June 19, 2020 at 8:19 pm,
      Excelsior says:

      Interesting comments David and thanks for sharing your thoughts on the stock picks over at ceo.ca. By the way – what is your handle over there?

      My experience with Vizsla has been different than most in that I avoided the over-priced IPO, and newsletter writer hype and waited until it tanked before starting to get positioned. I had about a dozen people ask me during the initial mania how I could be a Silver mining fan and not have a position in it. I let them know I planned on getting a position when it’s valuation came back down to Earth, and several said I’d be sorry and it was off to the moon. For a little while I thought they may be correct and that I’d blown it, but then the valuation came back down in a big way, and I’ve been trading around a core position since my initial stake on March 18th, and overall I’ve done well riding it up since then.

      Ironically I added Vizla as one of my 3 Summer stock picking companies, along with Trevali Mining, and Precipitate Gold. I picked those 3 because I believe each has nice catalysts coming up before the contest ends in September.

      For the big annual 2020 stock picking contest I picked Impact, Santacruz, and Dolly Varden.

      We’ll see how it goes, but it’s all for fun. I don’t buy and hold from Jan 1st to Dec 31st anyway, and in stocks like Impact and Santacruz I’ve already traded both a half dozen times this year already, which has allowed me to make far more money than if I’d have just bought and held like a bump on the log. 🙂

      Anyways, good luck to you in all your investments and I hope they do fantastic and you have a very prosperous year. Looking forward to a nice 2nd half to the year.

      • On June 19, 2020 at 9:19 pm,
        David says:

        I do more reading over at ceo.ca than posting. As here, most everyone has a deeper knowledge of specifics than I do. I use the name Lakedweller2 and have using it for 20 years When I started putting money in penny stocks. I quickly learned how fraudulent they were and began looking into mutual funds dealing with precious metals and followed an individual in South Dakota that wrote a monthly report called the Growth Fund Guide. He concentrated on the metals as the dot.com bubble blew up. I took the beer money and put it in a Scottrade account And began buying cheap stocks such as Endeavor Silver, First Majestic, Hecla, etc. The Growth Fund Guide advisor got ill and they ended it and got forwarded through a well known guy that did a Dow Theory letter (forgot his famous name). He got ill and forwarded his subscribers to the Aden Sisters. As time went on I realized the all markets were corrupt as the Federal Regulators were being neutralized. I was prior career military and second career as a prosecutor. I became dusillusioned with brokers, mutual funds and pretty much go on what I can learn from other traders. I sometimes get worked up over politics as having been both in the military and a criminal prosecutor, I know enough criminal law to know who the bad guys might be. Overtime I have learned keeping my mouth shut is a better approach. Now if I can just do it.

        • On June 19, 2020 at 9:51 pm,
          Excelsior says:

          Thanks for that background David, and that is interesting on how the Growth Fund Guide eventually landed under the Aden Sisters. I always thought they were very sharp, but don’t see as much from them these days.

          As for becoming disillusioned with brokers, mutual funds, and the markets being as corrupt as the Federal Reserve – I agree with you there. There is something more rewarding from learning in the school of hard knocks and from other investors that are actually active and engaged in the markets.

          Yes, we’ve talked over at ceo.ca then a few times and I had no idea you were Lakedweller2 . Haha! That is good to know!

          Cheers!

          • On June 19, 2020 at 9:58 pm,
            David says:

            The Growth Fund Guide ended, but the subscribers were forwarded. Dame with the Dow Theory Guy. He forwarded subscribers to the Aden Sisters as he respected their approach which encompassed Dow Theory and technical analysis. I still subscribe for market outlook but their specific stock coverage is fairly general.

          • On June 19, 2020 at 10:03 pm,
            David says:

            Dow Theory Letter: Richard Russell.

          • On June 19, 2020 at 10:06 pm,
            Excelsior says:

            Ah – the passing of the baton. Thanks for the backstory. I remember a decade back when the Aden Sisters were prominently featured over at Kitco and that is where I first came across them in the 2009-2010 time-frame.

            Yes, the Aden Sisters are solid macro economic market forecasters, but again I’ve not seen any of their recent analysis. Hopefully they are bullish on the PMs.

  9. On June 19, 2020 at 9:25 pm,
    buzz says:

    Robinhood investors might benefit from lightening up on Hertz in favor of PM miners. Or they can press elevator buttons

    • On June 19, 2020 at 9:45 pm,
      Excelsior says:

      +1 The Hertz craze from Robinhood investors makes no sense = nonsense.

      The PM miners have so much more room to run from here than a bankrupt rental car company.

  10. On June 19, 2020 at 9:56 pm,
    Excelsior says:

    Key Junior Miners Keep Rallying #Video

    Morris Hubbartt – June 19, 2020 – Super Force Precious Metals #TechicalAnalysis #Chart

    http://www.321gold.com/editorials/sfs/hubbartt061920.html

  11. On June 19, 2020 at 10:13 pm,
    Excelsior says:

    Panel Discussion at Adelaide Capital’s Silver Conference June 2020

    Adelaide Capital – Jun 18, 2020

    Our Silver Conference presenters rejoined Deborah and Tina on a panel to discuss how the macro environment is affecting silver prices, opportunities and risks in Mexico, valuations, and potential M&A activity in the silver space.

    Panelists:
    Taj Singh, President and CEO of Discovery Metals Corp. (TSXV: DSV, OTCQX: DSVMF)
    Bradford Cooke, CEO of Endeavour Silver Corp. (TSX: EDR, NYSE: EXK)
    Brendan Cahill, President and CEO of Excellon Resources Inc. (TSX: EXN; EXN.WR, OTC: EXLLF, FRA: E4X1)
    Marcio Fonseca, President and CEO of GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF)
    Peter Megaw, Chief Technical Advisor of Reyna Silver Corp. (TSXV: RSLV)
    Chris Ritchie, President of SilverCrest Metals Inc. (TSX: SIL, NYSE: SILV)

    https://youtu.be/9RUE_Vs9lSw

    • On June 19, 2020 at 10:16 pm,
      Excelsior says:

      (DSV)(DSVMF)Discovery Metals Presents at the Adelaide Capital Silver Conference on

      Adelaide Capital – June 11, 2020 #VIDEO

      “Taj Singh, President & CEO, Forbes Gemmell, VP Corporate Development, of Discovery Metals (TSXV: DSV; OTCQX: DSVMF) discuss the Cordero Project. Cordero is the fourth largest development-stage silver project globally with global Resources of 1.5B oz @ 40 g/t AgEq. The Company’s current Phase 1 Drill Program of 30,000-35,000m is focused on defining higher-grade zones, targeting an updated PEA with improved economics and new resource model in 1H2.”

      https://youtu.be/kqmXX_df_HI

    • On June 19, 2020 at 10:19 pm,
      Excelsior says:

      (EXK) (EDR) Endeavour Silver Presents at the Adelaide Capital Silver Conference on

      Adelaide Capital – June 11, 2020 #VIDEO

      “Bradford Cooke, CEO, is a professional geologist and entrepreneur with 43 years of experience in the mining industry. He has specialized in the formation, management and financing of exploration and mining companies and the acquisition, exploration, development and mining of mineral properties. Mr. Cooke founded Endeavour Silver Corp. in 2003 for the purpose of acquiring high-grade silver-gold projects in Mexico. Endeavour Silver Corp. is now a mid-tier precious metals mining company with three high-grade, underground, silver-gold mines in Mexico that produced 7.1 million oz. of silver equivalent metal in 2019 using an 80:1 silver:gold ratio. Endeavour has a compelling pipeline of exploration and development projects to facilitate its goal to become a senior silver producer, anchored by the Terronera Project, which has the potential to become the next core asset. Additionally, Endeavour Silver offers an industry-leading beta to silver price and is currently completing an operational turnaround to reduce costs and increase profitability.”

      https://youtu.be/DP7PADN4vLQ

    • On June 19, 2020 at 10:23 pm,
      Excelsior says:

      (EXN) (EXLLF) Excellon Resources Presents at the Adelaide Capital Silver Conference

      Adelaide Capital – June 11, 2020 #VIDEO

      “Brendan Cahill, President & CEO, & Ben Pullinger, VP Geology, discuss Excellon Resource’s compelling precious metals pipeline.”

      1) Platosa – Mexico’s highest-grade silver mine is starting up again imminently after a federal government mandated shutdown. Further optimization of the mine will focus on reduced electricity costs and operational enhancements. NPV is $51.2M (5%, $17/oz Ag).
      2) Kilgore – his high-quality gold development in Idaho has strong economics and significant growth and discovery potential. It shows higher grades with significant widths of up to 94.5 metres of 4.21 g/t Au, to be followed-up on. The current resource is ~1 Moz at ~0.5 g/t Au. NPV(5%) is US$223M, IRR 63% (after-tax, $1,600 Au), and capex $81M.
      3) Silver City – This high-grade epithermal silver district in Saxony, Germany boasts 750 years of mining history, but no holes have ever been drilled for silver exploration in the region. However, historical records describe veins up to 2.5 metres at 900 to 2,500 g/t Ag at the priority drill target. Drilling is expected to begin by the end of June.

      https://youtu.be/jTFlnaJHHzQ

    • On June 19, 2020 at 10:27 pm,
      Excelsior says:

      (GRSL) (GLYXF) GR Silver Mining Presents at the Adelaide Capital Silver Conference

      Adelaide Capital – June 11, 2020 #VIDEO

      “Marcio Fonseca, President & CEO, of GR Silver (TSXV:GRSL, OTC:GRSLF), discusses the Company’s two key projects: San Marcial and Plomosas. GR Silver is working rapidly to increase its current 40 million ounces inventory of precious metals (Ag). These two projects are 5km apart, benefiting from mutual infrastructure and collectively represent a geological setting resembling the multi million-ounce San Dimas Mining District which has historically produced more than 620 Moz silver and 11 Moz gold. Expect to see significant drilling at 2 of the 6 mineralized zones at Plomosas over the next 12 months with simultaneous resource expansion drilling at San Marcial.”

      https://youtu.be/Khg5aTbU2vE

    • On June 19, 2020 at 10:35 pm,
      Excelsior says:

      (SILV) (SIL) SilverCrest Metals Presents at the Adelaide Capital Silver Conference

      Adelaide Capital – June 11, 2020 #VIDEO

      “SilverCrest Metals Inc. is a Canadian precious metals exploration company that is focused on new discoveries, value added acquisitions and targeting production in Mexico’s historic precious metal districts. It is the first company to drill test the past producing, high grade Las Chispas Silver-Gold project. The Company is led by a proven management team with experience and success in applying a responsible “phased approach” business model in taking projects from discovery, finance, on time and on budget construction, and production with subsequent increased value to shareholders. With only 10 of currently 42 veins included in the PEA (and the three highest grade zones excluded), it is easy to envision how this asset can quickly become much larger.”

      https://youtu.be/z26bjaY-v5I

  12. On June 19, 2020 at 11:05 pm,
    David says:

    Aden Sisters: Stock Market bearish/fundamentals weak/vulnerable. Avoid. Bonds topping with short term rates near zero. Avoid for now. Hold/buy gold, silver, shares but could see a summer decline. Use caution. Dollar starting to break down. Mire potential in Euro, Australian and Canada dollar. $1700 and $17 short term support for gold silver.
    They still appear at conferences and are usually at the one in New Orleans. They will enail subscribers and notify them to come to wherever they are speaking and meet/talk with them in person. They have lived in Costa Rica for many many years after moving from California. They went down to visit their mother and decided to move there also.

    • On June 19, 2020 at 11:42 pm,
      Excelsior says:

      Great info from the Aden Sisters, and in general I agree with their outlook.

      I didn’t realize they moved to Costa Rica, but I’ve heard it really has had an influx of ex-pats. Thanks David.