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A great place for Stock Indices to stall out? SOXX-etc . update: 10d - $189.16 -0.15%, IWM:$155.75 +0.64%, SPY:$282.33 +0.36% - ratio SPY/IWM: r-181.3% Ratio SPY/IWM: r-181.3% Ratio SPY/IWM: r-181.3% x

WM hit 33 cents ! (& I sold some shares at $0.32 & $0.33) ... 10d: News for today and why price is moving. From Globe and Mail. Wallbridge Mining Company Limited (WM-T) Between March 1 and March 12, billionaire businessman Eric Sprott, with an ownership position exceeding 10 per cent, invested nearly $500,000 in shares of the company. He acquired a total of 1,789,500 shares at an average price per share of roughly 28 cents for an account in which he has indirect ownership (2176423 Ontario Ltd.), increasing the account’s holdings to 79,202,396 shares. === === Bulk sample process As I understand it, WM is processing the bulk sample thru the "Camflo" mill (1600tpd) which is owned and operated be MRQ ( Monarque) who also owns the Beacon mill (750 tpd) but is not currently operational. Both Nottaway and Eldorado process ore thru Camflo and thus the backlog. It is time for management to break this backlog by finding another mill or buy Beacon! We will continue to be the third in line for processing and the additional bulk sample will prove a drag due to lack of results. If there is any real proposition to develop a mine, the mill situation is critical. Get on with it!! 2/ Where are you getting the information that there is a milling backlog? That's not my impression whatsoever. Also, it's been well established here that a capex for a mill at Fenelon's grades is completely unnecessary as combined milling and shipping costs are around $1g/t Au. As a shareholder I would be completely against spending any money on a mill at this point, especially if it could lead to further dilution. The grades do not warrant a mill. Let the acquiring company (KL?) worry about that. 3/ I cannot remember which news release stated it, but the delays in the initial bulk sample result dates was indeed due to a backlog of work at the Camflo Mill. It is much too late for me to go searching but I agree with the OP that there was a statement about this. 4/ I never said it did. That was the OP. I was just confirming his information. At the moment, with the proven reserves they have, I do not think a mill on site or an acquisition of an existing mill makes financial sense. If, with the massive drill program this year management updates the proven reserves, and the numbers point to a massive deposit with long term operation potential, then there is a reason to begin investigating. That is also dependant on whether or not management is looking to be a producer (which they have been saying since day one after purchasing Fenelon) or if they will explore the possible selling of the company (my prefered outcome for WM). Read more at https://stockhouse.com/companies/bullboard?symbol=t.wm&postid=29499573#sBp4Ag85s1l1PZzu.99 Read more at https://stockhouse.com/companies/bullboard?symbol=t.wm&postid=29498888#oJKJ7QgOVIP39t1q.99

Sym : Price: MktCap EntVal : Ebitda: EV/eb: Debt : Db.Ev : Earns : PER-: DivF : Yield : BkVal : P/BV : Cco.t 16.56: $6.55b: $6.95M $617.M : r: 11.1: $1.50b: r 2.43: $0.42: 39.4 : $0.08 : 0.49%: 12.62: 131% : NEM : 33.15: $17.7b : $20.2B: $2.74b: r:7.36: $4.26b: r 1.55: $0.64: 51.8 : $0.56 : 1.68%: 19.70 : 168%: Reit PEI … $5.91 $489M: $2.17b: $197.M : r: 11.0 : $1.66b: r 8.43: (1.98): N/a- : $0.84: 14.3%: $6.25: 95.% : R-C$ HOTu $6.94 $542M: $1.27b: $93.8M: r:13.5: $743M: r 7.92 : $0.11 : 00.0 : $0.85: 12.4%: $6.09: 114 % : NWH. 11.27 $1.52b: $4.86b: $258.M: r: 18.9: $3.00b r 11.6 : $0.45: 25.1 : $0.80: 7.11%: $9.15: 123 % : CHE . $9.56 $885M: $2.14b: $306M: r: 7.01 : $1.27b: r 4.15 : (1.42): N/a- : $1.20: 12.5%: 10.98: 87.% : DHX. $2.35 $317.M: $1.21b : $69.5M: r: 17.5: $678M: r9.76 : (0.37): N/a- : $0.10: 4.17%: $2.53: 93.% : DUM. 00.00 $00.0b: $00.0b: $000M: r: 00.0: $000b: r 00.0: $0.00: 00.0 : $0.00: 0.00%: 00.00: 000% :

THREATENING to Breakout over $30 & over C$5 for U.t / US$4 Uranium Prices are near key resistance at $29.50-$30 ($30 /7.66 = US$3.92) Uranium ... update : U-st : Last: $27.25 /C$ 4.74= r5.75 (4.74 x 0.75= US$3.55: x7.66) U.t vs USO etc. update / Last: C$4.74 /UPDATE : URPTF: $3.55 -- /USO ($12.20): r-29.1% TRPTF (u.t in US$) ... update: 10d : w/etc / Last: $3.55 / H.ofYr: $3.90 Alex Molyneux: Uranium Will Continue to Climb Higher > link: https://palisade-research.com/alex-molyneux-uranium-will-continue-to-climb-higher/ Alex discusses his career and experience working with Robert Friedland, Ivanhoe and Paladin Energy. Uranium contracts can distort the actual value of uranium and price action lately has been driven by KazAtomProm and Cameco. Utilities will only be able to push off signing new contracts for a short while then the market is going to become much more interesting as these unwind. Higher prices are required to maintain existing supply while much higher rates will be necessary for any increase in demand. Time Stamp References: 0:45 – Alex’s career in finance and mining. 1:50 – His opportunity from Robert Friedland. 4:30 – Restructuring Paladin Energy. 6:50 – His uranium fund. 8:50 – Outlook for uranium. 11:00 – Cameco’s inventory levels and uranium supply. 14:00 – KazAtomProm 15:45 – Uranium supply and potential deficits. 17:30 – Supply contract structures. 22:00 – Shorter contracts. 23:30 – Utilities have to renew soon. 25:00 – $50 Uranium need to maintain supply. 28:00 – His focus on particular commodities. 29:00 – Why lead may be a good opportunity. 30:10 – Galena Mining Limited

Bullboard Comment: "GCM and short interest outstanding : 28th of FEB." In this posting I want to give an overview about the outstanding short positioning on GCM CN and share some thoughts. Data is retrieved out of Bloomberg. Short interest in GCM has been increasing steadily since the summer of 2018 and has almost doubled since the beginning of the year (from 566k to 1.116m). At the end of February, Bloomberg is reporting a short interest of 1.167.448 shares. The current float is 48.2mm shares out, so the short base is around 2.4%. This is definitely not dramatically high, but on a relative basis is seems high though. Because take into account that a lot of the shares are locked up and tied away, and GCM hardly enjoys institutional coverage from the long side, let alone that the market is engaging this from the short side. I.E. Who is shorting this? I doubt that many HFs or Investment banks have the risk framework to trade this name (from the short side). Is retail side able to mass up this short? Why would someone sell 563k shares of GCM short since mid-jan to end-feb? In February market was already anticipating good positive drilling- and financial results. I don’t see the rationale for selling short GCM. Unless, if you would have more information. Information that the company was working on a capital increase for instance? GMP Securities and Scotia Capital were the leads of this operations. Remember these names. The next data print will show us much more. GCM closed at a high $4.42 on the 28th which came together with the increase in shorts. Someone was selling 225k shares of GCM shorts since we popped through that $4.0 number (and made a quick c$180k profit, bravo). The sell-off only started on 1th of March. The short seller(s) had the opportunity to close out (part of) his short in the last few weeks with the downward price action. On the 1th and 2th of March, in total 2.4mm shares of GCM did trade. That is ample of liquidity to close part of that short. Date —---- Short Interest : change 02/28/2019 : 1,167,448 : 225,632 02/15/2019 : 941,816 : 174,034 01/31/2019 : 767,782 : 164,943 01/15/2019 : 602,839 : 36,148 12/31/2018 : 566,691 : -2,882 12/14/2018 : 569,573 : -1,887 11/30/2018 : 571,460 : -15602 11/15/2018 : 587,062 : 41,581 10/31/2018 : 545,481 : 126753 10/15/2018 : 418,728 : -55865 9/28/2018 : 474,593 : -14408 9/14/2018 : 489,001 : 381601 8/31/2018 : 107,400 : 63977 8/15/2018 : 43,423 :-248377 Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29489478#4VT27c5YwfMFdcsr.99 ( Warrants? There are Over 12M... now deep in the money. Holders of those may be shorting GCM.)

Still Buying ... after all of these shares Sprott continues buying posted March 17, 2019 11:11 am by actionguy Sedi insider trading from another purchase march 12 and filed on march 16, posted on sedi march 16. Another 250k shares @ ,30. New total 79,202,396 shares. He...read more 2 / Well if he’s trying to get to 25% he’ll be buying for awhile longer...RD KL/WM swap? posted March 16, 2019 06:34 am by Boreas7 It seems Sprott has been selling a lot of KL shares while buying a lot of WM shares lately. Coincidence? rate and reply

UPDATE - 3/15/2019 GORO / Gold Resource Corp... All : 10-years : 5yr-W : 2yr-D : 6mo /10d : vs-etc - Last: $3.96 GORO compared ... update : 10d: GORO / Ratio to GDXJ : vs.GDXJ,SIL : $3.96 / $32.33 = r-10.0%

Uranium-related shares compared URA -etc. update: $12.61, CCO/Cameco $16.56, PDN/Paladin $.165: LAM/Laramide $.365, FCU/Fission $.495 Sym : Price: MktCap EntVal : Ebitda : EV/eb.: Earns : PER-: Div. : Yield : BkVal : P/BV : Cco.t 16.56: $6.55b: $6.95M $617.M : r: 11.1: $0.42: 39.4 : $0.08 : 0.49%: 12.62: 131% : Nxe.t $2.27: $790M: $828M: (24.6M): r: N/a : (0.05): 00.0 : N/a— : 0.00%: $0.47: 482% : pdn.t $.165: $289M: $336.M (47.7M): r: 00.0 : $0.24: 00.0 : N/a— : N/a— : $0.12: 132% : Fcu.t: .495 : $241.M $219.M (5.37M) (r: 40.1): (0.04) 00.0 : N/a— : N/a— : $0.67: 74% : Lam.t .365 : $49.4M $56.8M (1.82M) (r: 31.3): (0.01) 00.0 : N/a— : N/a— : $0.54: 68% : Other Gold : 13.01: $22.7b : $29.4B: $3.06b: r:9.60 : (1.32): N/a- : $0.16 : 1.22%: $6.50: 200%: NEM : 33.15: $17.7b : $20.2B: $2.74b: r:7.36 : $0.64: 51.8 : $0.56 : 1.68%: 19.70 : 168%:

Cameco is Confident Cameco Well Positioned to Self-manage its Financial Risks; 2019 Outlook Unchanged March 1, 2019 / Cameco (TSX: CCO; NYSE: CCJ) reaffirms its ability to meet its financial obligations and self-manage risk, despite the recent downgrade in its credit rating. “We are disappointed by the ratings downgrade. Our 2018 results and our outlook for 2019 are as expected, but the deliberate decisions we have made to strengthen the company for the long-term come with some near-term costs, which impact our credit metrics,” said Grant Isaac, Cameco’s senior vice-president and CFO. “We have done what we said we would do, and have been transparent and clear about the near-term costs associated with our actions. While we continue to navigate by our investment-grade rating, we will not abandon our strategy in the interest of improving near-term financial metrics at the expense of creating long-term value.” Cameco has taken a number of deliberate actions to reduce supply and streamline operations, which have allowed us to preserve the value of our tier-one assets and build more than $1 billion dollars of cash on our balance sheet. We expect these actions will also allow the company to continue to generate positive cash flow in 2019, and will provide us with the option to retire the $500 million in debt maturing this year, or more aggressively reduce the debt on our balance sheet if it makes sense to do so. There are some near-term costs associated with our actions, like care and maintenance costs, but we expect the benefit over the long term will far outweigh those costs. Cameco’s 2019 outlook remains unchanged and, as noted in our annual management’s discussion and analysis, there are a number of factors that could result in significant upside to that outlook. Some of the more notable items are: The results of the investigation under the Section 232 Trade Expansion Act in the US, and the potential impact on the uranium market and uranium prices. A potential cost award from the Tax Court of Canada based on the unequivocal win in our case with Canada Revenue Agency, where we have applied for costs of $38 million. A potential award for damages from the TEPCO arbitration panel, where we are seeking about $700 million US. > https://www.cameco.com/media/news/cameco-well-positioned-to-self-manage-its-financial-risks-2019-outlook-unchanged Cameco Reports Fourth Quarter and 2018 Financial Results February 8, 2019 / News Releases / 2018 Q4 Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2018 in accordance with International Financial Reporting Standards (IFRS). Summary of 2018 results and developments: 2018 performance in line with outlook provided; net earnings of $166 million; adjusted net earnings of $211 million: As expected, production was lower than 2017 due to the suspension of production at McArthur River/Key Lake and the change in reporting for Inkai. In 2018, we undertook a number of deliberate and disciplined actions, which resulted in lower direct administration and exploration costs, lower capital expenditures and $1.1 billion in cash on our balance sheet largely as a result of our inventory drawdown. McArthur River/Key Lake suspended for indeterminate duration: On July 25, 2018, we, along with our partner Orano, announced the extended shutdown of McArthur River/Key Lake for an indeterminate duration removing 18 million pounds (100% basis) annually from the market. The action resulted in the permanent layoff of approximately 520 site employees. A reduced workforce of approximately 200 employees remain at the sites to keep the facilities in a state of safe care and maintenance. We incurred approximately $29 million in severance costs as a result of the permanent layoffs. Our share of the cash and non-cash costs to maintain both operations during the suspension is expected to range between $7 million and $9 million per month. In addition, to further decrease costs, the workforce at our corporate office was reduced by approximately 150 positions, resulting in severance costs of approximately $14 million. Read full story

Energy Prices are on the Upswing once again - chart updated to 3/15/2019 U.t vs USO/Oil, etc. update: 10d / U.t: $4.74 +0.01, USO: $12.20 -0.02, CCJ: $12.42 +0.20 , URA: $12.61 +0.16 Will the U price squirt higher now? ... U-price chart U.t vs CCO.t ... update : 10d / Last: $4.74 +0.01, $12.42 +0.20 : 10d : w/URA : Uranium: the bull market has already started - LWM, 26-Feb-19 One important point to notice is that the uranium cycle is not like the mineral coal and other commodities, which can be mined and delivered in a short period of time. Uranium takes in between 1.5 to 2 years to be mined, converted, enriched, assembled and delivered – so it is normal that utilities keep a large inventory. By the way, the current average inventory held by utilities is the lowest it has been in many decades. On top of that, inventories are not so straight forward as they are in other commodities. Some of the inventory is held as strategic reserves (which are not meant to be sold), some is held as depleted tails (which would require a much higher uranium price to become mobile) and some are in different formats (U3O8, UF6, etc). According to UxC, there was last year something like 17-35 million pounds of uranium classified as a mobile inventory – this number, although impressive, is less than the deficit between production and demand for last year (this year the gap should widen even more). Nuclear reactors are very expensive to build and, once in operation, fuel (uranium) is a very small component of their cost. Therefore, the risk of not having the fuel is way higher than the risk of overpaying for it. I would go as far as saying the price is almost irrelevant for utilities. What they need is the certainty that they will have the material at the time arranged and in the right specifications. Many people are not paying attention to the sector and think it is in a clear decay. But I think differently. I believe this is the single best investment opportunity in the markets at the moment. It is one in which the relationship between risk and return is extremely favourable

Top Uranium New Stories > source All-clear for six US nuclear-power reactors in coastal Andhra Pradesh - IE, 14-Mar-19 India, USA document their commitment to new build - WNN, 14-Mar-19 Green new deal will send uranium through roof - N, 14-Mar-19 Spain, UAE plan cooperation in fuel services - WNN, 13-Mar-19 With the United States and India agreeing to set up six American nuclear power reactors in India, the decks have been cleared for Westinghouse Electric (WEC), which emerged from Chapter 11 bankruptcy protection last August, to initiate the sale of six AP-1000 reactors for a proposed project in coastal Andhra Pradesh. The agreement follows two days of talks in Washington and comes in the backdrop of simmering trade tensions between the US and India. In a joint statement Wednesday, the US and India said they had agreed to strengthen security and civil nuclear cooperation, including the proposal for building six US nuclear reactor units in India. The talks involved Foreign Secretary Vijay Gokhale and Andrea Thompson, US Under Secretary for Arms Control and International Security. The Green New Deal Can’t Succeed Without Nuclear There are 99 nuclear reactors in the US. They generate twice as much clean energy as every solar panel, wind turbine, and other clean energy source combined. Excluding nuclear, clean energy sources like solar and wind make up 17% of America’s energy needs. Getting that to 100% by 2030 without nuclear is impossible. For one, it would cost trillions of dollars. Also, we need energy sources that are dependable and “always on.” This is a major problem for solar and wind. Solar power is interrupted by darkness and clouds. Wind turbines only work when the wind blows. That’s why solar generates power only 25% of the time and wind 35% of the time. This Is How the Uranium Sector Collapsed As you likely know, nuclear power plants use uranium as fuel to produce electricity. But the uranium sector has collapsed since 2011. It began with the freak accident in Fukushima, Japan. First, the most powerful earthquake in Japan’s history caused a reactor to shut down. Then a tsunami disabled the emergency generators. This caused a disastrous nuclear meltdown that contaminated a large area and killed and injured many people. Japan shut down all but two of its reactors after the Fukushima disaster. Many other countries followed suit. Germany moved to phase out nuclear power completely. And plans to build four new reactors in America were shelved. Uranium Demand Plunged and Its Price Cratered 86% This led to the vast majority of uranium companies shutting their doors. In 2011, there were 585 uranium companies. Just 40 remain operational today. And most of the survivors have seen their stocks plunge 90% or worse. Read Newsmax: Why the Green New Deal Will Send Uranium Through the Roof | Newsmax.com

Uranium stocks may be ready to Rock Supply is down due to mine closures by Cameco & in Khazkastan. Demand rising as six Japanese reactors are ready to reopen in 2019. After 5 reopened in 2018. URA vs. U.t and CCJ ... 3yr - URA / Global X Uranium ETF ... all / Last: $12.61 +0.16 U.t / Uranium Participation Fund ... all / Last: $4.74 ... here's the largest, the uranium "blue chip" that I own already CCJ / Cameco Corp ... all / Last: $12.42 +0.20 Cameco produces around 15% of the world’s uranium. It operates two of the highest-quality uranium mines in the world. Both are located in Canada’s Athabasca Basin. And the quality of the uranium there is 100x better than the global average. This allows Cameco to produce uranium for less than its competitors. Most companies mine it for $50–$60/lb. Cameco does it for around $35/lb. Read Newsmax: Why the Green New Deal Will Send Uranium Through the Roof | Newsmax.com

The "excess" in VHI has evaporated VHI-etc ... update : $2.37 vs. $4.22

Looking at Coeur Mining again. Have traded in & out with profits in prior months CDE vs. SIL : 10 Days / Has pulled back more than SIL in recent days CDE / Coeur Mining... 6mo : 2yr : 4yr / Last: $4.68 Yahoo Statistics @ 3/16/19 Sym : Price: MktCap: EntVal: Ebitda : EV/eb.: Earns : PER-: Div. : Yield : BkVal : P/BV : AG- : $6.64: $1.30b : $1.46B: $52.3M: r27.86 : (1.11) : N/a- : $0.00: N/a- : $3.07: 216% : CDE : $4.68: $951M : $1.34B: $123.M: r10.84 : (0.26): N/a- : $0.00: N/a- : $4.19: 112% : Paas: 13.29: $2.78b : $1.82B: $222M : r: 8.21 : $0.07: 198. : $0.14 : 1.09%: $9.82 : 135%; AUY : $2.55: $2.42b : $4.29b: $614M: r 6.99 : (0.30): N/a- : $0.00: N/a- : $4.20: 61% : AEM : 43.69: $10.2b : $11.8B: $784M : r15.80 : (1.40): N/a- : $0.44 : 1.01%: 19.41: 225%: Gold : 13.01: $22.7b : $29.4B: $3.06b: r:9.60 : (1.32): N/a- : $0.16 : 1.22%: $6.50: 200%: NEM : 33.15: $17.7b : $20.2B: $2.74b : r: 7.36 : $0.64: 51.8 : $0.56 : 1.68%: 19.70 : 168%: Gcm.t $3.70: $17.7b : $179M: $95.7M : r:2.41 : (0.29): N/a-: $0.00 : 0.00%: $5.40: 69%: Presentation : https://www.coeur.com/_resources/presentations/2019-02-24-BMO-GMM.pdf

4727 WALNUT PRICE: $350,000 / 1,437 sf = $244 psf -- Listed for 302 days Bedrooms: 2 Total Bathrooms: 3 Full Bathrooms: 2 1/2 Bathrooms: 1 Exterior and Lot Features Lot Size Square Feet: 4356 Enjoy new construction with a ten year tax abatement in University City. This two bedroom, two and a half bath home is in the enclave community called Walnut Place which consists of 6 boutique condominiums designed and built with the utmost attention to luxury and comfort. All units feature stunning walnut hardwood flooring, oversized windows, 9' ceilings, sleek kitchen cabinetry, granite counter tops and stainless appliances, smart Nest thermostats and high-end fixtures. This unit includes an outdoor garden and terrace. Additional features include off-street parking and a private courtyard. Optional deeded garage parking available. Walk to UPenn, Drexel, CHOP, USciences, PresbyterianHospital and more! Delivery February 2019. Prices / Monthly cost of 80% Mortgage Loan 4727 Walnut- : A, $350,000 / 1,437 (2018) = $244 psi / 2BR, 2.5ba: $2,043/mo. @4.41% Same address: B, $400,000 / 1,582 (2018) = $253 psf / 2BR, 3ba - : $2,261 Same address: C, $450,000 / 1,624 (2018) = $277 psf / 3BR, 3ba - : $2,480 Other 1237 S. 47th St - : $375,000 / 1,515 (2018) = $248 psf / 2BR, 3ba - : $2,407/mo. > https://www.realtor.com/realestateandhomes-detail/4727-Walnut-St-A_Philadelphia_PA_19139_M40630-02240

2018 articles Post Brothers Plans 2 New Towers In West Philly Apartment Complex Philadelphia Multifamily / January 10, 2018 Post Brothers Apartments hopes to expand its venerable apartment complex on the western edge of University City. The developer plans to add two 82-foot towers to Garden Court Plaza Apartments at 4701 Pine St., which it bought in 2015 and renovated, Naked Philly reports. In order to do that, Post Brothers would need either a substantial number of variances or a rezoning of the CMX-2 lot, currently limiting structures to 38 feet tall. The 146-foot initial structure was built in 1926 as part of a neighborhood-wide development effort that was aborted in its early stages, leaving Garden Court Plaza to tower over the heavily single-family area of West Philadelphia. Before the proposal heads to the Zoning Board of Adjustment, it will go before a community meeting on Jan. 18. The proposed towers would be built on top of the 260-space parking garage, which will remain intact. Each would be six stories tall and contain a total of 243 apartments between them. A courtyard and swimming pool for residents would also be put on top of the garage. The last proposal Post Brothers put before the ZBA was the multifamily conversion of the Quaker warehouse building on 900 North Ninth St., which the board controversially rejected before a judge overturned the decision and allowed the plan to move forward. Read more at: https://www.bisnow.com/philadelphia/news/multifamily/post-brothers-west-philly-two-multifamily-towers-garden-court-plaza-83510?utm_source=CopyShare&utm_medium=Browser / 2 / The interior of the Garden Court Plaza has undergone significant renovation over the last handful of years, since it was purchased by Post Brothers. A West Philly Local story from 2015 indicates that residents were concerned that the new ownership would result in higher rents, and those concerns were surely borne out. Looking at the property website today, we see studios listed for rent for a little over $900/mo, and two-bedroom units renting for almost $2,500/mo. We don’t know for sure, but would have to imagine that the rental rates were lower before Post Brothers started renovating the interior. Having owned the building for a little more than two years, Post is now looking to take another step forward with this property, an effort that actually jibes really well with the intent of its original developer. A reader tipped us off today, letting us know that Post Brothers is hoping to build two new towers on the site, on top of the existing parking garage. The garage, which has roughly 260 spots, will remain intact, with the proposal adding a pair of 6-story additions with a total of 243 new apartments. Adding those units to the existing 146 units, that that would make almost 400 total units at this location. The project would also have a residents’ courtyard and swimming pool, on the roof of the existing parking garage. Here’s an elevation drawing, to show what we’re talking about: Elevation of the new building The property is zoned CMX-2, which means that this project triggers a tidal wave of refusals. But would it really be such a problematic development? With the additional units, there would be a roughly 2 parking spots for every 3 apartments. Some could argue that the height is inappropriate, but there’s already a 146′ building on the site, so why would new towers that only rise 82′ present a problem? Also, we’re inclined to look at it more favorably because the project relates so well to the original plan for the property. > http://www.ocfrealty.com/naked-philly/west-philly/post-brothers-wants-build-atop-garden-court-plaza-parking-garage Post Brothers Apartments hopes to expand its venerable apartment complex on the western edge of University City. The developer plans to add two 82-foot towers to Garden Court Plaza Apartments at 4701 Pine St., which it bought in 2015 and renovated, Naked Philly reports. In order to do that, Post Brothers would need either a substantial number of variances or a rezoning of the CMX-2 lot, currently limiting structures to 38 feet tall. The 146-foot initial structure was built in 1926 as part of a neighborhood-wide development effort that was aborted in its early stages, leaving Garden Court Plaza to tower over the heavily single-family area of West Philadelphia. Before the proposal heads to the Zoning Board of Adjustment, it will go before a community meeting on Jan. 18. Read more at: https://www.bisnow.com/philadelphia/news/multifamily/post-brothers-west-philly-two-multifamily-towers-garden-court-plaza-83510?utm_source=CopyShare&utm_medium=Browser

West Philly Apartment pricing Here are some “back of envelope” type pricing calculations for West Philly I visited GARDEN COURT PLAZA, and had a brief meeting with the leasing manager there. "Set on the charming Pine Street of West Philadelphia, Garden Court Plaza Apartments is conveniently located in the University City neighborhood, featuring a great mix of studio, one, two, and three bedroom apartments." He gave me the following prices for 12 months Rentals - these are unfurnished: Type : Monthly Rent : Unit Size : Per sq foot: 1 BR : $1500 - 2,000 : 860 -1020: $1.74-$1.96 2 BR : $1700 - 2,500 : 1100-1400: $1.55-$1.78 The overall average looks like about $1.75 per sq ft. And that would be $21.00 per sq ft per annum Based on this, and a target gross yield… 8% target = $21.00 / 0.08 = $263 per sq ft 10% target = $21.00 / 0.10 = $210 per sq ft These are very approximate Guesses of what West Philly Condos might be worth This seems to by approximately correct, given the asking prices at 4727 Walnut st, which is $244 per sq ft for a $350K, of 1,437 sf unit > https://www.realtor.com/realestateandhomes-detail/4727-Walnut-St-A_Philadelphia_PA_19139_M40630-02240 Footnote: The owner/ manager of Garden Court Plaza is Post brothers. They have a new project where Apple Storage was. THIS will reportedly open for Leasing in about 4 weeks

What means Wiser? Avida has a definition: Avida’s Southpoint Makati project targets ‘younger’ and ‘wiser’ millennials March 12, 2019 Jonathan Fabricante, Avida Land Head of Innovation and Design Group, noted these young, working millennials are now looking to own their own homes, as part of their transition into adulthood. “Millennials when they buy units, they realize they’re mostly at work… In the end, they realize they just need a space that is just right size, enough to sleep comfortably, with a good address, near places of work, malls, hospitals, entertainment areas, very walkable and easy to drive to,” he said during the same briefing. To cater to the millennial market, Makati Southpoint offers units that are “just right” for their needs. . . . Makati Southpoint’s amenities include a clubhouse, indoor gym, children’s play area, swimming pool, kiddie pool, a jogging path and a linear park. “(Makati Southpoint) has collaborative spaces — a huge area with a lot of seats and tables where people can do group study, meetings. It’s a conducive place to hang out with friends and family, an extension of their living space,” Mr. Fabricante said. The development also incorporates sustainable design features, such as rainwater harvesting, and sensor-controlled hallway and podium parking lights. Units will have water-efficient toilet fixtures, LED lights, and low solar heat gain glass windows. Mr. Alabe noted Makati Southpoint’s location is a main selling point as it is “within three kilometers of eight major office buildings, seven schools, six commercial areas, six spaces for arts and culture, five hospitals and places of worship.” Aside from Makati central business district, it is easily accessible from EDSA, South Luzon Expressway, Pasay and Manila. > https://www.bworldonline.com/avidas-makati-project-targets-younger-and-wiser-millennials/ WALK TO WORK & Save time? Great But even WISER STILL might mean buying cheaper in the secondary market Innovation in the 2nd market is an idea whose time has come

Gran Colombia has M&I resources of 1.32M oz Au Segovia life-of-mine (LOM) minable gold reserves of 688,000 contained ounces effective Dec. 31, 2018 Gran Colombia also announced today that SRK has completed preliminary results of an updated preliminary feasibility study (PFS) for the Segovia operations effective Dec. 31, 2018, and is currently finalizing the updated technical report. The PFS includes a mineral reserve of 688,000 proven and probable ounces of gold based on 1.9 million tonnes of material at an average head grade of 11.0 g/t. For this PFS, SRK included the geological and resource modelling of the various deposits and mining areas that comprise the operating mine site of the Segovia operations. The associated table shows a breakdown of the mineral reserve as of Dec. 31, 2018, by area and category compared with the total mineral reserves as of Dec. 31, 2017. Area Category Tonnes (kt) Grade (g/t) Au metal (koz) Providencia Proven 79 11.7 30 Providencia Probable 319 18.5 190 Sandra K Probable 171 9.8 54 El Silencio Probable 1,268 9.3 381 Carla Probable 104 10.1 34 Dec. 31, 2018 (1) Total 1,941 11.0 688 Dec. 31, 2017 (2) Total 1,660 12.4 660 % change versus previous 17% -11% 4% (1) Ore reserves are reported using a gold cut-off grade ranging from 3.25 to 4.31 g/t depending on mining area and mining method. The cut-off grade calculations assume a gold price of $1,275 per ounce, metallurgical recovery of 90.5 per cent, smelting and refining charges of $6 per ounce, general and administrative expenses of $25 per tonne, processing cost of $24 per tonne, and projected LOM mining costs ranging from $71 per tonne to 110 per tonne. The reserves are valid as of Dec. 31, 2018. BACK of envelope: trading at 1/3 of Value 688k oz x (11.0 gpt - 4.0)/ 11.0 got = 438k x $1300= $569M Ent.Val.: $184M // $569M = 32.3% @ C$3.71 = us$2.78

Production & forthcoming Q4 Announcement News Release Gran Colombia produces 21,335 oz Au in February GRAN COLOMBIA GOLD REPORTS NEW MONTHLY GOLD PRODUCTION RECORD IN FEBRUARY 2019; ANNOUNCES DETAILS FOR THE FORTHCOMING FOURTH QUARTER AND YEAR END 2018 RESULTS WEBCAST Gran Colombia Gold Corp. produced a new monthly record total of 21,335 ounces of gold in February, bringing the total for the first two months of 2019 to 39,276 ounces and the trailing 12-month total gold production at the end of February, 2019, to 223,237 ounces, up 2 per cent over 2018's annual production and near the top end of Gran Colombia's guidance range for 2019 of between 210,000 and 225,000 ounces. Serafino Iacono, executive co-chairman of Gran Colombia, commenting on the company's latest production results, said: "Our investment in our Segovia operations continues to pay dividends. Our development reached a very high-grade area in our Providencia mine in February where we mined material with between one and two ounces of gold per tonne. This gave us an unexpected boost in production resulting in a new monthly record and bringing Segovia's trailing 12 months total gold production closer toward the 200,000 ounces level." The Segovia operations set a new monthly record with 19,160 ounces of gold in February, 2019, 12 per cent higher than its previous best month of 17,164 ounces in July, 2018. Gran Colombia processed an average of 1,110 tonnes per day (tpd) in February at its Segovia operations with an average head grade of 21.4 grams per tonne, up from 16.5 g/t last month, driven by high-grade material from the company-operated areas at the Providencia mine... . . . Fourth quarter and year-end 2018 results webcast Gran Colombia also announced today that it will release its financial results for the fourth quarter and full year 2018 after market close on Wednesday, March 27, 2019, and will host a conference call and webcast on Thursday, March 28, 2019, at 9:30 a.m. Eastern Time to discuss the results. === RE:RE:RE:RE:Best grade ever mined there ! the news release says their development just reached that high grade providencia area in feb. their development didn't have access to it before feb. the statement that they are highgrading implies they have a choice. if they were really trying to highgrade then they would mine mostly from providencia, but only 21% of tonnes are from providencia, and if they had the choice of highgrading then they would have been doing that when the price of gold was low at $1080 when they needed the cash rather than at $1300. over a hundred channel samples of veins were greater than 30g/t at el silencio. the odds are that the average grade of el silencio is higher than 10g/t. the 10g/t must have been what was left over from historic mining. it was historically a very high grade producer. they say development and mechanizing el silencio helped both throughput and grade. sandra k also had many drill holes that were high grade above 10g/t. more drilling probably will increase the average grade since the 2018 drill program increased the grade of m&i. but they are not dependent on finding higher grade when they are increasing throughput to 1500tpd or maybe even 2000tpd. RE:...Best grade ever mined there ! q1 shaping up to be a record production quarter and with higher gold prices. all they have to do is mine an average 18k oz for march. if by chance the very high grade at providencia continues into march, look out shorts! Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29488168#KCBYggdRptRX1xCd.99

SELLING? Lead director Warren Holmes selling two days ago. 239 500 shares at .31. Its posted on the canadian insider. You would think the ones who are in the know would be buying not selling. Makes me wonder whats going on. Its annoying to keep seeing these sells pop up. RE:Lead director Warren Holmes selling two days ago. He sold less than 10% of his shares. He still has 3,000,000+ shares he is holding. Why do you care about that? The guy needed a little cash. Pay more attention to Sprott buying hand over fist to gain the maximum control he can get. THAT is worthy of your attention. Holmes Sell gpandrew is right, minor amount sold; sprott and his numbered company bought a lot more; looks like they or KL Gold will definitely make a play for WM. Hopefully they make a fair offer as potential is very high for Fenelon. Juniors with high grades are a rare commodity and majors are joining forces to generate higher profits. Read more at https://stockhouse.com/companies/bullboard?symbol=t.wm&postid=29479561#my93PF6Yo6ra8EqS.99

Gold linked Notes, Total Value Estimate: with Wt.B / vs.GCM / TPRFF : GCM.NT.U UNITS: Date : Gold: GCM : Ratio: G/1250 x57%+104%= Debs : Wt2.21: CAD : $USD : 124wt: Comb.: USD$: x512.8: 05/31: 1305: $3.03 : 431. : 104.4 : 59.5 +44.7= 104.2 : $1.40*x0.772 = $1.08 : 13.4% : 117.6 : $2.34: 1200 : 06/29: 1255: $2.88 : 436. : 100.4 : 57.2 +44.7= 101.9 : $1.30*x0.761 = $0.99 : 12.3% : 114.2 : $2.19: 1123 : 10/02: 1204: $2.40 : 502. : 100.0 : 57.0 +44.7= 101.7 : $1.14 x0.780 = $0.89 : 11.0% : 112.7 : $1.88: $964 : 12/31: 1281: $2.82 : 454. : 102.5 : 58.4 +44.7= 103.1 : $1.40 x0.733 = $1.02 : 12.6% : 115.7 : $2.06: 1056 : : 01/03: 1295: $3.18 : 407. : 103.6 : 59.1 +44.7= 103.7 : $1.55 x0.741 = $1.15 : 14.2% : 117.9 : $2.35: 1205 : =====: ==================================== : *est. Wt. value, x124 wts/deb Last Col.: $1000/ 1.95= 512.8shs xC%2.52= C$1,292 x0.770= $995, Value of 1% Debs if Converted GCM etc: GDXJ & MNT.t ... w/o Mux st 377d: w/MUX st: GCM.t only : 12/10/2018: c$2.81 : c$17.58 : $27.76 : st: Date-----: GCM.t : MNT.t : 12.9%L// GDXJ x10.0%H cad= GJcad: x7.7% 12/30/16: $1.40 : $16.48 : $2.13 //: $31.55 : $3.16 x1.350= 42.59: 3.28 12/29/17: $1.96 : $17.39 : $2.24 //: $34.13 : $3.41 x1.257= 42.90: 3.30 05/28/18: $3.29 : $17.71 : $2.28 //: $32.89* $3.29 x1.299= 42.72: 3.29 - High 06/30/18: $2.88 : $17.44 : $2.25 //: $32.70 : $3.27 x1.314= 42.97: 3.31 08/17/18: $2.13 : $16.35 : $2.11 //: $27.49 : $2.75 x1.306= 35.90: 2.76 - Low 10/04/18: $2.60 : $16.37 : $2.11 //: $27.83 : $2.78 x1.292= 35.59: 2.74 11/01/18: $2.51 : $16.91 : $1.92 //: $28.14 : $2.81 x1.310= 36.86: 2.84 11/14/18: $2.53 : $16.90 : $2.18 //: $26.64 : $2.66 x1.324= 35.27: 2.72 12/10/18: $2.81 : $17.58 : $2.27 //: $27.76 : $2.78 x1.340= 37.20: 2.86 12/31/18: $2.82 : $18.41 : $2.37 //: $30.22 : $3.02 x1.364= 41.22: 3.17 2/19/19: $4.42 : $18.60 : $3.30 // $34.34 : $3.43 x1.321= 45.31: 3.49 3/15/19: $3.71 : $18.27 : $2.76 // $32.10 : $3.21 x1.332= 42.76: 3.29 === : PRODUCTION Mo.: Prod'17: Prod'18: Prod'19: Q1- : 39,008 : 52,672 : 60,601 > +15.1% Q2- : 46,075 : 52,906 > +14.8% Q3- : 37.1 K : 57,163 > +54 % Q4- : 52.0K : 55,260 > +54 % === July: 00,000 : 19,296 : Aug.: 00,000 : 18,747 : Sep : 00,000 : 19,120 : = Q3 37.10K : 57,163 : Oct.: 17.33K : 18,065 : Nov: 17.33K : 18,193 : Dec. 17.33K : 19,002 (aver.18.4k oz in Q4) = Q4 52.00K : 55,260 : —— Prod'17: Prod'18: Prod’19: Jan. 00,000 : 00,000: 17,941 : Feb. 00,000 : 00,000: 21,335 : New monthly record! Mar. 00,000: 00,000: 21,325 : = Q1 39,008 : 52,672: 60,601 : New Quarterly record! 12m: 000.0k : 000.0k : 225.9k  ================== "218,001 OUNCES, UP 25% OVER 2017" Guidance for 2019: 210-225k : Mid-217.5K Cash; US$33M at YE'18, Debt @ $83.38M, end Jan.19 $1.0552 /$1.00 @ $1294.3 /$1250 8.25% x 1.0552= 8.705%

pg11 / Yr.End 12/31: C$2.82 - at $1281 Gold price (0.22%), C$Gold was C$1715 (0.164%) Update: 4/19/19: C$3.22 v.$2.82 +11.8% in 2019 / 2-yr : 1-yr. Vs 200d : 377d.ma : 610d : 987d. : Mkt.Depth : SH-gcm : Vs. GDXJ: $29.55 vs. $30.22 : - 2.22% Date------- : GCM.t: CAD$: $Price: ShOS MktVal : 8%-Debs: Date: Cash: EntVal. / $Gold : OZ's/ Prd. years.: 221wt x12.2M 08/10/18: $2.44 x.761= $1.857 48.2M $89.5M: $98.0M: Est.: $28.0: $159.5M /$1219: 131k/200: 0.660: $0.23=$2.81M 10/02/18: $2.40 x.780= $1.872 48.2M $90.2M: $93.1M: Est.: $28.0: $155.3M /$1204: 129k/212: 0.609: $0.19=$2.31M 12/31/18: $2.82 x.733= $2.067 48.2M $99.6M: $83.4M: 12/31 $29? $154.0M /$1281: 120k/217: 0.554: $0.61=$7.44M 01/03/19: $3.18 x.741= $2.356 48.2M $113.M: $83.4M: 12/31 $29? $167.0M /$1295: 129k/217: 0.594: $0.97=$11.8M 01/04/19: $3.15 x.747= $2.353 48.2M $113.M: $83.4M: 12/31 $29? $167.0M /$1284: 130k/217: 0.599: $0.94=$11.5M 02/19/19: $4.42 x.757= $3.340 48.2M $161.M: $80.0 E : 02/?? $30? $211.0M /$1350: 156K/217: 0.720: $1.82=$22.2M 03/15/19: $3.71 x.750= $2.782 48.2M $134.M: $100.M : 03/?? $50? $184.0M /$1296: 142k/223: 0.637: $1.41=$17.2M NEWS 2019-03-14 08:06 C:GCM 3.69 News Release Gran Colombia produces 21,335 oz Au in February 2019-03-11 18:12 C:GCM 3.68 News Release Gran Colombia has M&I resources of 1.32M oz Au ==

Wallbridge drills 20.01 m of 2.55 g/t Au at Beschefer Mr. Marz Kord reports WALLBRIDGE INTERSECTS 2.55 G/T GOLD OVER 20.01 METRES CONFIRMING CONTINUITY OF GOLD-BEARING STRUCTURE AT BESCHEFER Wallbridge Mining Company Ltd. has provided positive results from its initial drill program at the recently optioned Beschefer gold property in Quebec. Highlights The majority of assays from the company's first drill program at the Beschefer project, consisting of five drill holes for a total of approximately 1,600 metres, have now been received. All holes intersected significant gold mineralization in the B-14 shear zone, proving excellent geological continuity of this gold-bearing structure: BE-18-048: 2.55 grams per tonne gold over 20.01 metres, including 3.47 g/t gold over 10.28 metres and 5.90 g/t gold over 2.16 metres; BE-18-049: 0.93 g/t gold over 20.25 metres, including 2.05 g/t gold over 5.17 metres; BE-18-050: 1.28 g/t gold over 8.15 metres; BE-18-051: 3.40 g/t gold over 2.29 metres; BE-18-052: 1.45 g/t gold over 6.42 metres and 0.84 g/t gold over 10.20 metres. Drill hole BE-18-049 also intersected a narrow, high-grade shear zone above the B-14, assaying 20.22 g/t Au over 0.50 metre. Further sampling of secondary shear zones above the B-14 is currently under way. "We are pleased with the assay results of our initial drill program confirming the presence of a very continuous, up to 20 m wide, gold-bearing structure," stated Attila Pentek, vice-president, exploration, of Wallbridge. "Even though we did not intersect high-grade domains in this structure like some of the historic drilling, we certainly achieved our goal of proving the continuity and predictability of the B-14 structure. As a next step, we are working on an updated 3-D geological model of the project to better understand the controls on gold deposition and are planning a more substantial drill program to outline the high-grade domains and establish an initial resource." About the Beschefer project The Beschefer project covers 647 hectares and is located in the Northern Abitibi greenstone belt, 14 kilometres east of the past-producing polymetallic Selbaie mine, 45 km northeast of the Casa Berardi mine and 28 km from Wallbridge's Fenelon gold property. Historically, the area has mainly been explored for volcanogenic massive sulphide deposits similar to the Matagami camp and the Selbaie mine. Gold mineralization was discovered in the B-14 zone in 1995 by Billiton Canada Inc. but the property saw very limited exploration before the involvement of Excellon between 2011 and 2013. Excellon completed approximately 17,000 metres of drilling, extending the B-14 mineralization down to almost 600-metre vertical depth, discovering the upper shear zone and intersecting the highest-grade intersections on the property, including 55.63 g/t gold over 5.57 metres and 13.07 g/t gold over 8.75 metres. Excellon's primary focus is on production and exploration at its Platosa mine and Miguel Auza property in Mexico. Up to Wallbridge's current program there has been no exploration at Beschefer since 2013. . . . Wallbridge entered into an option agreement to acquire 100% of Beschefer as part of its strategy of building a gold production pipeline in the emerging Sunday Lake-Selbaie Belt (see Wallbridge press release dated October 17, 2018). Read more at https://stockhouse.com/companies/bullboard?symbol=t.wm&postid=29477311#q8sODzes4PoXPk3i.99 RE:Dropping This news is nothing special with very low grades for the depths they are at. Keep in mind this is the side project, and not Fenelon. If this type of grade was found at Fenelon, we would be seeing a much larger drop. .2 / The sky is not falling, the grades are ok- on the big picture - ,keep drilling find the sweet spots. I don't understand why you would call grades very low when many mines operate on these grades . they become good fillers for the higher grades -give it time pay day is coming .3 / As I and others have stated; Beschever only a side play at this point. Rookies seldom hit a home run first at bat.Gold mineralization is a positive. Miners know that more drilling is required. Gold price is up; Fenelon grades are world class so far, Nothing is guaranteed but is looking good. GLTA Read more at https://stockhouse.com/companies/bullboard?symbol=t.wm&postid=29478434#SlVgEgJ8XdSoeBQK.99

Bullboard Comments re sprott sorry but i'm on the fence with sprott bying so much, there can be a time were he can control this game,what if he decides to make an offer for a buyout, say at .50 we may not be able to stop him and at this point it might be considered a good price, but i don't want to sell so low especially if they prove more reserves,we could easily be over a $1.00 or more,these big guys don't care about us the small fish KL / Kirkland Lake Gold ... update : US$34.34 Sprott Thoughts It is very interesting to listen to Eric Sprott's Keynote talk at Jekyll Island in 2017. He goes on about Fosterville and how the grades increase with depth. He also says that he made a mistake in only owning 17% of Newmarket Gold, which owned Fosterville, when Kirkland Lake bought Newmarket. Sound familiar? He said you need to "see the future early". I take all of this to mean that Eric sees something like Fosterville at Fenelon, just maybe not as big, but still worth buying up now when it is pretty cheap. Next year or so Kirkland Lake Gold buys it out after the high grades prove out. RE:Sprott Thoughts I’m inclined to agree. So far results from Fenelon (apparently) are second highest grades recorded in history. If you look st the assay results there are sooo many holes that drilled above 10g/t. If they can prove they are sitting on let’s say 10million + ounces then this becomes a new ball game altogether. Read more at https://stockhouse.com/companies/bullboard?symbol=t.wm&postid=29477016#8pv72d1yiteVVc0o.99