Company Updates From Management – Mon 29 Mar, 2021

Northern Vertex Mining – Production and Exploration updates for the Moss and Hercules Projects

Mike Allen, President and CEO of Northern Vertex Mining (TSX.V:NEE – OTC:NHVCF) joins me to provide a full update on the 2021 production guidance at the Moss Mine and large exploration program at the Moss Mine and Hercules Project. We also talk big picture on the Company’s strategy of using the production cash-flow as a backstop of value as the team ramps up exploration.

If you have any follow up questions for Mike please email me at Fleck@kereport.com.

Click here to read over the recent news out of Northern Vertex Mining.


Comments:
  1. On March 29, 2021 at 10:29 am,
    chris says:

    This is a post from a charting service I use. Kind hard to argue with him at this point……

    “Precious metals, my ass. For months on end, precious metals and their miners have been crumbling in spite of every possible advantage going their way (countless trillions of fiat being printed, raging inflation, and so forth). This entire sector looks like it’s simply going to keep melting away, while the 0’s and 1’s of crypto rage ever higher to lifetime highs on a nearly daily basis.”

    • On March 29, 2021 at 10:46 pm,
      Excelsior says:

      It has not been a case of “raging inflation” yet, so that isn’t so. However, the market is starting to look at how inflation will be rising due to an increase in the velocity of the money, now that these trillion dollar stimulus plans are putting helicopter money directly into the hands of small businesses and private citizens. The inflation from that is not instantaneous, and people have only received their 2nd “stimmy” in the last 2 weeks, and many businesses have had to jump through many hoops to get their Paycheck Protection Program money; so it will still take 6 months – 1 year to start seeing the inflation data ramp up from all of this.

      As inflation metrics start to move higher, they’ll gain on the recent rise in interest rates, and move real rates back down in a more negative fashion, and that will be a good environment for Gold.

      • On March 29, 2021 at 10:48 pm,
        Excelsior says:

        In addition, when the infrastructure stimulus bill gets rammed through, it would increase demand on raw commodities, and by that time the dollar will have finished it’s advance higher, and roll over heading back lower, which will also lead to cost push inflation. This will be bullish for the whole commodities sector, but again, isn’t an overnight thing, and will take time to play out.

  2. On March 29, 2021 at 11:31 am,
    David says:

    Seems like another argument to invest in PMs. If markets are rigged, and they are, then the fear the powers that be have of PMs being real money, then price suppression against PMs will continue. If the other options of investment that are not a threat or easily overcome by making them valueless, then the more they will be allowed to trade in an irrational fashion.

  3. On March 29, 2021 at 11:35 am,
    David says:

    For those that are still trading miners, I added to both Group Ten and Calibre today.Todays market action in the miners has zeroed out Fridays up day. That continues the alternating day treatment of the miners and reinforces market manipulation for the last 8 months. However, that appears to continue to be a little to no interest to Regulators.

    • On March 29, 2021 at 2:05 pm,
      Dick Tracy says:

      Hi David, Group Ten is one of my all time favorite juniors, The stars are lining up behind this play, every time I think of Group Ten I want to pour all my coin into it. It is not an illusion. I have a dream that one day I will sell my Group Ten at a fabulous price and live in a great house and have a fleet of Rolls Royce cars and loll at ease on the sands of Palm Beach. DT

      • On March 29, 2021 at 2:11 pm,
        Dick Tracy says:

        And……. I will hire Ex to be my butler! LOL! DT

        • On March 29, 2021 at 2:18 pm,
          Excelsior says:

          Good discussion on Group Ten Metals David & DT.

          DT – Keep in mind, I’m an investor in Group Ten as well, and have a similar dream, so if we hit it big as investors, I’ll send you over a self-driving Rolls Royce, with a plastic mannequin up front that looks like me as your chauffer, and a robot version of myself as your butler (since I know you are a big fan of robots taking over the human jobs). Haha! 😉

        • On March 29, 2021 at 3:06 pm,
          Dick Tracy says:

          Ex, I see a magical order built on the new science of robot cars, and robot airplanes darkening the skies, and millions of robot labor saving machines, skyscrapers of villages rising in massive structures of stone concrete and glass, perfectly in tune to serve their transhuman individuals. And millions of casinos where you can spend, spend, and spend. This is utopia for the inculcated masses. DT

    • On March 29, 2021 at 2:21 pm,
      Excelsior says:

      David – Welcome to the Calibre club. I just joined recently, but don’t have the secret handshake down yet. Lol!

      On a serious note, I’m very impressed with the way Calibre is breathing new life into some of the mines and development assets they peeled off the big boys, and they are a very well run mid-tier producer, with tons of exploration upside. I’ll be adding to my Calibre position over time.

      • On March 29, 2021 at 2:23 pm,
        Excelsior says:

        Cory just a great interview with Calibre last week that is well worth the review for anyone that missed it.

        _______________________________________

        #KorelinEconomicsReport (03/22/2021) #AudioInterview

        “Ryan King, VP of Corporate Development of Calibre Mining $CXB $CXBMF joins me to bring us up to speed on the production guidance for this year as well as the large #exploration program. We start by reviewing the profitability of the La Limon and La Libertad in 2020 and how the company’s Hub and Spoke model of #production will continue to grow in 2021.”

        http://www.kereport.com/2021/03/22/calibre-mining-production-guidance-and-exploration-plans-for-this-year-and-a-financial-recap/

        • On March 29, 2021 at 2:26 pm,
          Excelsior says:

          This news was out today as well on doubling the size of their mineral reserves, so they are doing a bang up job of exploration to expand and extend reserves and mine life.

          _________________________________________

          (CXB) (CXBMF) Calibre Increases Mineral Reserves by Over 200% to 864,000 ounces of Gold

          by @nasdaq on 29 Mar 2021

          https://ceo.ca/@nasdaq/calibre-increases-mineral-reserves-by-over-200-to

        • On March 29, 2021 at 3:45 pm,
          David says:

          Thanks for the Calibre article as I added to it first thing in the morning and never checked for news. I was pleased it went up but thought it was because I was omniscient.

          • On March 29, 2021 at 3:57 pm,
            Excelsior says:

            David – maybe you were omniscient, as you bought it without seeing the news. 🙂

            The Calibre team are busy building out their hub & spoke model, and they are doing great exploring around and finding more ounces to extend the mine life, find more satellite deposits, I this should be a transformative next year or two for the company; while meanwhile they are having a 1/2 off sale on the shareprice since last summer. I love those kind of risk/reward setups.

  4. On March 29, 2021 at 3:36 pm,
    David says:

    I was disappointed to hear that Ex might be DT’s butler as he promised me a job at his place as gardener since he said his share count dwarfed mine. But, he said the gardener quarters would have a big screen TV.

    • On March 29, 2021 at 4:07 pm,
      Excelsior says:

      Good one David.

      Well, just as heads up there will be a big screen (tablet, not TV) in the gardner’s quarters. 12″ instead of 8″. However, new company policy mentions that we track everything you watch, and if it’s during working hours, then the system automatically adjusts down your pay, and held on the blockchain. If you complain about it online, then we also downgrade your social credit score which affects vacation time. If you further complain about that, then we pay you in the crypto Dogecoin instead of in fiat and you have to convert it on an exchange. And you don’t even want to know what happened to the last gardner… (haha!!)

      Don’t worry, I’m sending over a robot butler to DT’s pad once we are all rolling in it from Group Ten’s massive discovery into a multi-billion dollar takeout in our dream scenario….

      Personally, I don’t like taking out the trash at my own place, much less someone else’s. 😉

      • On March 29, 2021 at 4:51 pm,
        David says:

        I better buy more shares or apply for being DTs butler. I think he pays minimum wage.

        • On March 29, 2021 at 4:54 pm,
          Excelsior says:

          Yeah, good point.

          • On March 29, 2021 at 9:24 pm,
            Excelsior says:

            We’ve also banned straws in the breakroom… to do our part save the planet; of course. 🤪

        • On March 29, 2021 at 6:58 pm,
          Dick Tracy says:

          I may pay minimum wage but I have maximum benefits like BLOWSY cigars and a well stocked liquor cabinet, and card games in a smoke filled room on Saturday night. DT

          • On March 29, 2021 at 9:22 pm,
            Excelsior says:

            See there you go, membership has it’s privileges… 🥳🤑🥸

          • On March 30, 2021 at 10:49 am,
            David says:

            I’m sold…

  5. On March 29, 2021 at 3:42 pm,
    RICHARD/DOC says:

    Silver is about to take out the 200 day SMA and then will challenge the 50 day SMA and EMA.

    • On March 29, 2021 at 4:52 pm,
      Excelsior says:

      Thanks for the heads up Doc. Do you believe that once Silver takes out the 200 day SMA, that it may drop down to that $22-$23 level you had mentioned, before bouncing and heading back up to test the 50 day SMA?

      https://schrts.co/yhrAqCsi

  6. On March 29, 2021 at 5:08 pm,
    Excelsior says:

    Good overview of (NEE) Northern Vertex in today’s company interview. I’ve been in an out of the stocks a few different times, initiating a position in mid March 2020 during the pandemic crash, and had bought in May, sold in July & Aug & Sept, repurchased in Dec/Feb/Mar, then sold in March, and now I’m back in again.

    I’ve done well on NEE, but I wasn’t sold on the merger of Eclipse mining for Hercules initially, and felt their resources at Moss were a bit smallish, but I now can see that there is a substantial exploration upside at both projects (Moss & Hercules) and believe that they can really expand their resources, while producing nice revenues and cashflows at their operating mine to fund this exploration.

    Wishing the newly combined Northern Vertex/Eclipse Mining team great success in their operational metrics and exploration efforts for 2021.

  7. On March 29, 2021 at 9:10 pm,
    Matthew says:

    Silver’s 50 week MAs are roughly a dollar below today’s low:
    https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=5&mn=5&dy=0&id=p38966523488&a=679857650

  8. On March 29, 2021 at 9:21 pm,
    Matthew says:

    NEM and the big gold’s in general are leading and giving a glimpse of the future for the rest of the miners. Despite pulling back 7% in 7 sessions, NEM was bullishly unable to completely fill its 3/15 gap…
    https://stockcharts.com/h-sc/ui?s=NEM&p=D&yr=1&mn=0&dy=0&id=p55413319933&a=906910084

    I said it could be bought “in size” a month ago right before it bottomed and those who did so have a good gain, especially for such a big and “safe” company. (Remember, that was an observation and opinion last month, not advice.)

  9. On March 29, 2021 at 9:25 pm,
    Matthew says:

    Considering the new weekly MACD sell signal for silver:gold, silver is not acting too badly. Maybe that will change tomorrow (not a prediction)…
    https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24GOLD&p=W&yr=2&mn=7&dy=0&id=p97563813001&a=899985381

  10. On March 29, 2021 at 9:28 pm,
    Matthew says:

    TLT was bullishly unable to completely fill its 3/22 gap today:
    https://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=1&mn=5&dy=0&id=p05181083884&a=924394556

    • On March 30, 2021 at 4:42 am,
      Excelsior says:

      (VZLA) (VIZSF) Vizsla Triples Length of Tajitos with Multiple High-Grade Intercepts at Panuco, Mexico

      30 Mar 2021

      > CS-21-11:
      – 2,210 g/t silver equivalent (1,586.2 grams per tonne (“g/t”) silver and 7.72 g/t gold) over 2.52 metres true width (“mTW”) from 252.65 m including,
      – 6,309 g/t silver equivalent (4,420.0 g/t silver and 23.10 g/t gold) over 0.8 mTW from 253.5 m

      > CS-21-20:

      – 752 g/t silver equivalent (350.9 g/t silver and 4.52 g/t gold) over 4.48 mTW from 124.0 m including,
      – 1,383 g/t silver equivalent (632.9 g/t silver and 8.45 g/t gold) over 2.04 mTW from 125.75 m

      > CS-21-21B

      – 573 g/t silver equivalent (387 g/t silver and 2.25 g/t gold) over 7.94 mTW from 95.0 m including,
      – 2,062 g/t silver equivalent (1,365.0 g/t silver and 8.35 g/t gold) over 1.44 mTW from 98 m

      https://ceo.ca/@newswire/vizsla-triples-length-of-tajitos-with-multiple-high-grade

      • On March 30, 2021 at 9:59 am,
        b says:

        The issue I have believing the “tight silver supply” is we have been hearing that for years.

        Not to say silver wont be in demand for the great energy conversion.

        There are other metals more rare than silver needed for it, I forget the names, but those metals, those are the real “tight supplies”, their rarity could limit a transition to new energy sources.

        I seem to forget alot now.
        The names will be out there is ya look for ’em tho.

  11. On March 29, 2021 at 10:52 pm,
    Matthew says:

    As usual, everyone looks down and the good stuff goes up…
    https://stockcharts.com/h-sc/ui?s=FNV&p=W&yr=5&mn=11&dy=0&id=p12325902846&a=739324969

    • On March 29, 2021 at 11:17 pm,
      Excelsior says:

      Good point Matthew. That has been a nice bounce in the blue chip royalty name Franco Nevada, just like over the last few weeks we’ve seen a nice bounce in many of the senior gold producers, and in March even GDX bounce from 31 to 34.

      The question will be is this just a March “bump” in a further downward channel, as Doc/Glen/Jordan/others mentioned, or is it the beginning of a bottoming/basing process?

      Of course, it would be much better for the portfolio of resource investors if it was the beginning of the worm turning, but personally, I’m prepared for enduring 2-3 more months of sideways to down grinding pain in the PMs if that is what plays out, as this will exhaust any remaining selling pressure, and would really tank sentiment to a level where a new rally can form.

      As the saying goes, “the markets will either wear you out or scare you out.” The pullback since last August has been a perfect example of how it has worn investors out, similar to how investors got excited in 2016 only to be dragged sideways to down for 2 years afterwards.

      Regardless of whether the turn has already started in the PMs over the last few week, where that $1673 low would be “the low,”, or whether we’ll see Gold continue down in the terminating wedge pattern to the $1620 area, then there isn’t much downside left, and most of the serious damage in the related gold stocks have already been seen.

      I do worry a bit more about the Silver stocks if the recent metal’s price level fails, and if it heads down to $22 as many are calling for. Having said that, if we see the silver miners pull back down further, then I’ll rotate a few more funds into my portfolio of holdings, as I have little doubt that by this time next year, we’ll see Silver in the $30’s or $40’s, and that will be fantastic for the miners.

      • On March 30, 2021 at 12:28 am,
        Matthew says:

        I think it’s a mistake to dismiss such good action as a bump. The senior gold miners have been acting very well and that’s not just based on the percentage gains. They have been strong to a degree that we haven’t seen since July and had a better day today than the bears seem to realize. They didn’t just reverse 2%+ losses and finish at a gain, they did so while gold was solidly down for the day…
        https://stockcharts.com/h-sc/ui?s=%24HUI%3AGLD&p=D&yr=1&mn=3&dy=0&id=p15109389452&a=834280333

        • On March 30, 2021 at 12:31 am,
          Matthew says:

          Of course I’m directing my first line at the bears, not you.

          • On March 30, 2021 at 2:03 am,
            Excelsior says:

            Understood. The reversal the last few weeks could be more end up being more significant than just a bump, and could be the turn upwards already in motion, which would catch both bears and sidelined bulls wrong-footed. Christopher Aaron presented that as an one of 2 options on his video that was posted on Thursday’s blog.

            Yes, it was nice to see the Sr gold miners and GDX reverse the downward pull of the metals and close up on the day.

            There’s a case to be made for the bull scenario, just like the bear scenario, and either way, the longer term bull trend is still intact, so I’m comfortable with the basket of stocks I hold, and will either add into weakness, or appreciate the positions held into strength.

  12. On March 29, 2021 at 10:53 pm,
    Matthew says:

    HUI turned up again after perfectly backtesting its previously broken speed line support:
    https://stockcharts.com/h-sc/ui?s=%24HUI&p=D&yr=1&mn=11&dy=0&id=p44899169460&a=674485004

  13. On March 30, 2021 at 4:54 am,
    Excelsior says:

    Steve Penny: 7-Month Rally in Gold Coming to Complete Cup and Handle Pattern

    Silver Bullion TV – Mar 30, 2021

    “We are joined on Metal Money by Steve Penny, founder of SilverChartist.com. If the 7-month correction in the gold price drew half of the handle in gold’s cup-and-handle pattern, Steve expects the other halve of the handle to be a 7-month rally in gold prices.”

    https://youtu.be/Avw4NV8xZWU

  14. On March 30, 2021 at 8:40 am,
    David says:

    I see algo indiscriminate activity. Self fulfilling prophecy from chart fabrication. The problem is, the evil doers control the algos.