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FAVORITE GOLD shares, UGL, and Cycles


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Which ONE gold stock does he think is Cheapest?

GCM: "Cheapest Cash Flow multiple. At 15% Free Cash flow yield"

"Sprott's been trading out, into more speculative Gold stocks"

"Probably worth $12 on a relative basis.  China is investing in Columbia" at about 13 minutes

Gold Producers’ Free Cash Flow Is Attracting Generalist Investors says Frank Holmes

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GCM ... update / Last: C$5.80 +0.09, wtB: $3.75 + 0.20

New Low just made at C$5.56, and $3.45 for the wtB?

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GCM.wtB are my most valuable single position, I just added over 15% to my holdings at about C$3.55

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xx

Stephen Roman and Sam Coetzer's Harte Gold Corp. (HRT) lost one cent to 17.5 cents on 721,000 shares on word that it has added to its already staggering debt load, closing the $18.5-million (U.S.) credit facility that it arranged early this summer and converting 9.5 million special shares previously issued to the lender, ANR Investments, into a $9.5-million (U.S.) loan attached to the credit facility, bringing the full amount to $28-million (U.S.).

On top of that, the arrangement provides Harte with another $2-million (U.S.) in available cash, as it includes the sale of a 0.5-per-cent royalty to the lender. Further, the facility provides an additional $20-million (U.S.) accordion option that can boost the full amount of the credit facility to $48-million (U.S.) and the total cash available under the arrangement to $50-million (U.S.). Naturally, the credit facility carries a hefty annual interest rate: 14 per cent.

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GLD ($132.14) vs TLT ($132.44: r-100%) from 5.Jul.19 : Oct-19: 10d / 9.4.20: GLD:$181.64 / TLT:$162.74= r-111.6%

Chart is updated from time to time

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NEW PUSH above $2000 Gold may start next week

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  • 2 weeks later...

The MINING MADNESS EXPLAINED                        

Guys, you really need to invest a few minutes to listen to this interview...

Try have patience, or skip to the last 1/3 or so... to hear about the opportunity in Uranium stocks. 

There used to be 500 Uranium related co's and only 20 are left "with 8 good management teams", says Mr Rick Rule.  In the Gold sector, there are 1600 gold co's and only maybe 150 tried & tested teams.  Be careful out there !  /                                 

Rick Rule: the coming bull market for gold and uranium >

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'The acquisition wave is coming' - Mark O'Dea

With precious metal prices up sharply this year and a depleted pipeline of projects due to under-investment, the chair and founder of Oxygen Capital, Mark O'Dea, told Kitco on Monday there won't be that many new mines opening after his Pure Gold Mining (TSX-V: PGM, LSE: PUR) starts up later this year.
Oxygen Capital is an integrated merchant bank and mining house behind the companies such as Pure Gold and Discovery Metals. O'Dea sold his previous company, ... (read more)

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Re: Bluestone (BSR) valuation @1.92
bsr. ... update : vs-gcm :
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looks about as cheap as gcm, based on these figures...
 
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Compare with GCM:  trading at how many years production, at $1500/oz gold

BSR : 143.2M x$1.92= $275M: 146k oz x$1500= $219M   ($ 579: $84.5M)= $134M:
+++ : +Capex $230M= $505M: 146k oz x$1500= $219M   ($ 579: $84.5M)= $134M: 3.8 yrs
GCM: 61.92M x$6.46= $400M: 220k oz x$1500= $330M ($1000: $220.M)= $110M: 3.6 yrs
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RCT has come back to life...

RCT.v /Rochester Resources ... YTD: 5yr: 2yr: 1yr: 6mo: 10d /Last: $0.085 +0.035, +70%, vol. 128.0k

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RCT-etc ...3yr:

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2020-09-28 16:09 C:RCT 0.05 SEDAR Audited Annual Financial Statements SEDAR Audited Annual Financial Statements
2020-09-28 16:09 C:RCT 0.05 SEDAR MD & A SEDAR MD & A
2020-09-15 17:09 C:RCT 0.05 SEDAR Early Warning Report SEDAR Early Warning Report
2020-09-15 16:58 C:RCT 0.05 News Release Rochester Resources closes $125,000 private placement
2020-09-14 20:00 C:RCT 0.05 Private Placement Rochester Resources 2.5-million-share private placement

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Rochester Resources Ltd.

 

Sep 28 2020

16:03:32 ET

AB Form 13-501F1 (Class 1 and 3B Reporting Issuers - Participation Fee)

PDF

56 K  

 

Sep 28 2020

16:03:32 ET

Audited annual financial statements - English

PDF

417 K  

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TOTAL EQUITY (Deficiency): (24,849,156) : May 2020

TheCompanyholds100% undividedinterests inthe Mina Real and SanFranciscoproperties. The Mina RealPropertycomprises eight concessions andonemineralclaim locatednear Tepic, Mexico. The SanFranciscoPropertycomprises twelve concessions locatedapproximately60kilometres west ofthe Company’s mill ontheMina Real Property. (b)During fiscal 2015 management assessed whether there were anyindications of impairment of the Company’sproperty, plant and equipment as required by IAS 36.

The9%Advances bear interest at a rate of 9% per annum and have nofixedterms ofrepayment. As at May31,2020 $1,273,047 (2019- $1,263,107) oftheprincipal and$843,865(2019 - $723,758) ofthe relatedaccruedinterest are duetothe CEO ofthe Companyandprivate corporations controlledbyor affiliatedwiththeChairman of the Company.(b)The12%Advances bear interest at a rate of12%per annumandhave no fixedterms ofrepayment. As atMay31, 2020 $4,152,385(2019- $4,061,757) ofthe principal and$2,491,421(2019- $1,930,228) ofthe relatedaccruedinterest are due tothe ChairmanoftheCompany, directors ofthe Companyandprivate corporationscontrolled by or affiliated with the CEO of the Company

OnJanuary31, 2013 the Companyexercisedits options tore-acquire its 20%equityinterest inMina Real fromE EnergyVentures Inc. (“E-Energy”) and UnitedCoal Holdings Limited(“UnitedCoal”) and issued$5,500,000ofindebtedness (the“Indebtedness”). The Indebtedness are securedbythe assets ofthe Companyandinterest is calculatedat 9%per annumon the decliningbalance at the endofthe month. Duringfiscal 2019the Indebtedness and$2,154,523ofaccruedinterestwas purchasedbyandassignedtoprivate corporations, ofwhich$1,296,812ofprincipal and$769,487ofaccruedinterestwas owed to a corporation associated with the CEO of the Company.Duringfiscal 2020theCompanyrecognized$326,790(2019- $326,790) ofinterest expense As at May31, 2020,$2,481,313 (2019 - $2,154,523) of interest remained unpaid and is included in interest payable. A director of the Company is the CEO of both E-Energy and United Coal.

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Aquila Resources

AQA ... update : Last: 0.145 x Shs.OS 338.3M= C$ 49M / $1.32 = US$ 37M

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Aquila Resources Inc is in the business of exploring for and developing mineral properties. It operates in two geographical areas, the United States and Canada. It has three assets, the Back Forty Project located in Michigan's Upper Peninsula; Bend Project and Reef Project, are found along the mineral-rich Penokean Volcanic Belt. The area hosts multiple deposit types including VMS, magmatic copper-nickel and stratiform copper.

Highlights

Aquila Resources Inc is in the business of exploring for and developing mineral properties. It operates in two geographical areas, the United States and Canada. It has three assets, the Back Forty Project located in Michigan's Upper Peninsula; Bend Project and Reef Project, are found along the mineral-rich Penokean Volcanic Belt. The area hosts multiple deposit types including VMS, magmatic copper-nickel and stratiform copper.

Highlights

Back Forty is well-defined with leverage to gold – Advanced stage developer

    1. Open Pit Feasibility Study published in 2018
    2. PEA incorporating known underground Mineral Resources announced August 5, 2020
      • Long-term consensus prices including $1485 gold:
        • After-tax NPV $176M, After-tax IRR 26.1%, payback 2.4 years
      • $2000 gold:
        • After-tax NPV $316M, After-tax IRR 37.9%, payback 1.6 years
      • At $2,000 gold, over 52% of revenue is generated by gold
      • 1.1 million oz Au in the M&I Mineral Resource classification
      • On a gold equivalent basis, 2.5M oz AuEq M&I at a grade of 4.3 g/t AuEq
      • ~130,000 meters drilled at Back Forty alone and ~US$90 million has been invested in the Project by Aquila and past JV partner Hudba

Back Forty has tremendous exploration potential

       The deposit is open at depth with additional satellite targets nearby

Extremely attractive valuation, especially given location and stage of development (Aug.5 value: C$xx)

  1. Trading at US$15/oz AuEq versus a peer median of US$57/oz AuEq
  2. Trading at a Price/NAV of 0.3x versus a peer median of 0.5x (as at August 5, 2020)
  3. Zero value for upside potential at Back Forty or the district scale potential along the Penokean Belt
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Frank Holmes: Keep Calm and Stay Long – This Gold Price Correction Is Normal and Healthy

Gold had its worst week since March, falling some 4.6 percent from the previous Friday, as the U.S. dollar staged a rally against the euro. The price of bullion closed below $1,900 an ounce last Wednesday for the first time since July 23 and is now down about 10 percent from its high of $2,075, putting it in correction territory.

I’ve already seen numerous headlines questioning whether this is the end of the gold rally. Hardly. As I’ve explained many times before, corrections such as this are normal and healthy. They’re a part of gold’s DNA of volatility. During the monster rally of the 2000s that culminated in gold hitting its previous record high of $1,900, there were several significant pullbacks, some of them exceeding 20 percent.

COMM-gold-most-oversold-since-march-0925

Gold is now more oversold on the short-term, 10-day relative strength index (RSI) than at any other time since the golden cross took place in January 2019. The last time the precious metal was this oversold, in mid-March, gold fell below not just its 50-day moving average but also its 200-day average. We’re not quite there yet—gold is trading below its 50-day but still well above the 200-day—but had you bought the March dip, you would have seen your position increase 40 percent over the next five months

> MORE: https://www.investmentwatchblog.com/frank-holmes-keep-calm-and-stay-long-this-gold-price-correction-is-normal-and-healthy/

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The company presentations will be available 24/7 for 90 days. Investors, advisors and analysts may download shareholder materials from the "virtual trade booth" for the next three weeks.

Presentations:    

Presentation

Ticker(s)

Welcoming Remarks: Catherine Loubier, New York Delegate General Government of Quebec

Keynote Speaker: Jonatan Julien, Minister of Energy and Natural Resources of Quebec

Fokus Mining Corp.

(TSX-V: FKM | FRA: F7E1)

Benz Mining Corp.

(Pink: BENZF | TSX-V: BZ | FRA: 1VU)

Troilus Gold Corp.

(OTCQB: CHXMF | TSX: TLG)

Sirios Resources Inc.

(TSX-V: SOI)

Bonterra Resources Inc.

(OTCQX: BONXF | TSX-V: BTR |FSE: 9BR2)

Golden Valley Mines Ltd.

(OTCQX: GLVMF | TSX-V: GZZ)

Luncheon Address: Eric Lemieux, M.SC, P. Geo, Mining Analyst, EBL Consultants     "View from a Mining Analyst"

Quebec Precious Metals Corp.

(OTCQB: CJCFF | TSX-V: QPM | FSE: YXEP)

Amex Exploration Inc.

(OTCQX: AMXEF |TSX-V: AMX | FRA: MX0)

Azimut Exploration Inc.

(TSX-V: AZM)

QcX Gold Corp.

(TSX-V: QCX | FSE: 21MA)

Doré Copper Mining Corp.

(OTCQB: DRCMF | TSX-V: DCMC)

Vanstar Mining Resources Inc.

(Pink: VMNGF | TSX-V: VSR)

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com

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Charts

SOI.. All:

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Sirios Resources Corp | V.SOI Stockhouse Message Board & Forum ...

Sep 18, 2020 — The firm's flagship project is the Cheechoo gold project. ... SOI will likely be delineating the neighbour's ore at the Eclipse zone,as well.

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GOOD TEACHING VIDEO for Gold stock traders ! 

this guy thinks a lot like me,  GDX & GDXJ are now at a point where they need to prove themselves.  We should know soon. 

Year-end forecast: gold stocks to rally 60%, $2,300 gold price - Chris Vermeulen >

"If we get another stimulus, that may be when the metals breakout again"

How I draw my GDX chart... update / Last: 39.19 -0.73, -1.83%

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GDXJ chart... update / Last: 57.12 -1,06, -1.82%

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Argonaut Gold / AR ... update : Last: C$2.41

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Symbol AR
Shares Issued 293,724,097
Close 2020-10-26 C$ 2.59

Argonaut 4.625% debentures to trade as, when issued

2020-10-26 20:04 ET - Prospectus Approved

The Toronto Stock Exchange reports that Argonaut Gold Inc. has filed a preliminary short form prospectus dated Oct. 19, 2020, for a proposed offering of 4.625 per cent convertible senior unsecured debentures due on Nov. 30, 2025. ...

...According to the TSX, the debentures, which are issuable in the minimum principal amount of $1,000 each, will be quoted based on $100 principal amounts with all trades being made in multiples of $1,000. The minimum trading unit of debentures is $1,000 and a board lot of debentures is $1,000. If and when the offering closes, there will be no further trading in AR.DB.U on an if, as and when-issued basis and the debentures issued at such closing will trade on a regular settlement basis.

( xx )

Argonaut Gold closes $11.5M private placement.   /. 2020-10-14

ARGONAUT GOLD ANNOUNCES CLOSING OF C$11.5 MILLION "BOUGHT DEAL" PRIVATE PLACEMENT OF FLOW-THROUGH SHARES

Argonaut Gold Inc. has closed its previously announced bought deal private placement of an aggregate of 3,002,650 common shares in the capital of the company that will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)) at a price of $3.83 per flow-through share for aggregate gross proceeds of $11,500,149.50, including full exercise of the underwriters option. The flow-through shares were offered and sold through a syndicate of underwriters led by Canaccord Genuity Corp.

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About Argonaut Gold Inc.

Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production. Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, United States. Advanced exploration projects include the Magino project in Ontario, Canada, the Cerro del Gallo project in Guanajuato, Mexico, and the Ana Paula project in Guerrero, Mexico. The company holds several exploration stage projects, all of which are located in North America.

 

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Argonaut Gold / AR ... update : US$quoteLast: C$2.41 > US$ xx

AR.DB.U

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x

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Symbol AR
Shares Issued 293,724,097
Close 2020-10-26 C$ 2.59

Argonaut 4.625% debentures to trade as, when issued / AR.DB.U

2020-10-26 20:04 ET - Prospectus Approved

The Toronto Stock Exchange reports that Argonaut Gold Inc. has filed a preliminary short form prospectus dated Oct. 19, 2020, for a proposed offering of 4.625 per cent convertible senior unsecured debentures due on Nov. 30, 2025. ...

...According to the TSX, the debentures, which are issuable in the minimum principal amount of $1,000 each, will be quoted based on $100 principal amounts with all trades being made in multiples of $1,000. The minimum trading unit of debentures is $1,000 and a board lot of debentures is $1,000. If and when the offering closes, there will be no further trading in AR.DB.U on an if, as and when-issued basis and the debentures issued at such closing will trade on a regular settlement basis.

( Market is $103-$103.90 USD

Conversion 350.1155 shares per $1000 USD ($2.86 USD) at C$1.33 = C$3.54)

Argonaut Gold closes $11.5M private placement.   /. 2020-10-14

ARGONAUT GOLD ANNOUNCES CLOSING OF C$11.5 MILLION "BOUGHT DEAL" PRIVATE PLACEMENT OF FLOW-THROUGH SHARES

Argonaut Gold Inc. has closed its previously announced bought deal private placement of an aggregate of 3,002,650 common shares in the capital of the company that will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)) at a price of $3.83 per flow-through share for aggregate gross proceeds of $11,500,149.50, including full exercise of the underwriters option. The flow-through shares were offered and sold through a syndicate of underwriters led by Canaccord Genuity Corp.

///

About Argonaut Gold Inc.

Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production. Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, United States. Advanced exploration projects include the Magino project in Ontario, Canada, the Cerro del Gallo project in Guanajuato, Mexico, and the Ana Paula project in Guerrero, Mexico. The company holds several exploration stage projects, all of which are located in North America.

Magino construction approval and financing plan

Management recommended, and the board of directors has approved, the construction of the Magino project. Argonaut anticipates a two-year construction period, commencing in January, 2021, following the closure plan filing and the posting of a financial assurance bond with the Province of Ontario. The first gold pour is anticipated during the first half of 2023. In the Magino feasibility study technical report filed in December, 2017, initial capital was estimated at $321-million (U.S.) and has recently been estimated at between $360-million (U.S.) and $380-million (U.S.), including contingency and inflation. Therefore, the company has provided an allowance in its total financing plan in excess of $400-million (U.S.). The financing announced today is expected to more than fully satisfy such financing requirements, including the financial sources outlined in an attached table.

Image.aspx?id=AROCT.14,20201

The company anticipates that these sources will provide in excess of $400-million (U.S.) through 2022, assuming a gold price at or above $1,600 (U.S.) per ounce. Therefore, the company will allow its extended and expanded corporate RCF of up to $125-million (U.S.) to act as a backstop to the financing plan. The company, with assistance from its financial adviser, Endeavour Financial, evaluated a number of financing options to finance the Magino project. After reviewing the available alternatives, the company chose to pursue the corporate RCF and convertible package as it:

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GOLD shs, Favored-4 vs.GDXJ ... update : 10d// kitco Ag: Au: as of 11.02.20: gcm:C$6.25/ gdxj;54.85 = 11.4%

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The "favored three" is led by this one, GCM.t, Gran Colombian Gold:

4yrs > see: GCM thread : updated: 11.02.2020: C$6.25, wtB: 4.31

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NEW PRECIOUS RALLY may have started

GLD/ Gold etc... update / GLD: $177.91 + 1.71, +0.97%

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PRECIOUS?  WOW!  
My Gold stocks & Silver calls are Soaring today... as people see massive corruption revealed and that the US election has been a dumpster fire of Dem cheating and attempted election buying....                   
GLD/ Gold :  182.84 +$4.03, +2.28%
SLV/ Silver : $23.37 +$1.13. +5.06%
GDXJ/ Jr’s : $58.66 +$4.46, +8.22%
AGQ/ 2 Slv: $47.92 +$4.52. +10.4%
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2020 ELECTION FOR SALE to Dem Billionaires?
"I am Proud to be an American. God bless the USA" COURT SYSTEM, if i can come thru at this critical time!
====
The Dems have taken Election manipulation to a whole new level, and markets are scared.
See thread:
2020 ELECTION FOR SALE to Dem Billionaires
>

 

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SIL and AGQ - mostly go hand-in-hand

Extremes in AGQ have been accurate BUY & SELL warnings

SIL vs- AQG & SLV ... 2019: YTD: 10d / Last: $43.07, $44.88, $22.74

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Ratio: AGQ to-SIL : $44.88 / $43.07=  r-104.2%

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Ratio: SIL to-SLV : 2018: YTD: 10d : $44.88, / $22.74 = 197.4%

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Is the Slide in Precious Metals finished?

GLD ... YTD: 10d / Last: 169.59 -2.64, -1.53%.  LOD: 168.86 vs yrH: 194.44, -13.2%-
Last move up: 136 > 194.4 = 58.4. (194.4- 168.9= 25.5): -43.7%

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SLV ... YTD: 10d / Last: $21.63 -0.30, -1.37%.  LOD: $21.41 vs yrH: $27.39, -31.8%

Last move up: $18. > $27.4 = $9.4. $27.4- $21.4= 6.0): -63.8%

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