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Generative Exploration Co's: GZZ, LRA, RRI, etc

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pg4 : Abitibi / RZZ is running ahead of GZZ, & GZZ owns about 45%

RZZ.v, Gzz, Izz ... update / Last: $0.34, $12.75, $0.16 : R-2.76%, R-212%

Quote

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Update / GZZ website : http://www.goldenvalleymines.com/ : RZZ : MZZ : IZZ : SOI :

GZZ Ownership - MAR. 2019 Presentation : https://www.goldenvalleymines.com/investors/presentations/March-2019-Mtl.pdf
Sym.: Company --------- : C$price: -Low - High-- : ShOS : %Pct.: xGzzSh: MktCap: Mar.19 Presentation Value:
=== : 05/06/19 Prices :
GZZ : Golden Valley-- : $ 0.340 : $.215- $0.39 : 134.0 : 100.%: 134.0 : $45.6m : $48.2M :
RZZ : Abitibi Royalties: $12.75 : $7.98- $13.5 : 12.49 : 49.2%: 5.605 : $71.5m : $69.8M :
SOI : Sirios Resources: $ 0.165 : $0.12- $0.28 : 121.2 : 03.3%: 4.000 : $0.66m : $0.90M :
VZZ : Val d'Or Mining : $ 0.090 : $.075 - $0.13 : 33.19 : 24.6%: 13.19 : $1.19m : $0.80M :
IZZ. : Intl Pros. Vents. : $ 0.160 : $0.12- $0.38 : 25.13 : 16.6%: 4.471 : $0.72m : $0.80M :
================== > ------------------------------------------------------------------- : $74.1m : $72.2M :
OTHER Assets:
abt.3% NSR Chechoo: gold royalty: 3% at gold > $1,200- $2,400 ----- : $06.8 m? (20% SOI)
===
HISTORY: GZZ.v: shsOS: MktCap / NetAV /= MC/nav : %Disc : R:G/R: RZZ.v: Sh.OS : R.MCp: xGzz/owned = R.value :
08/28/17: 0.310 : 123.M: $38.0m / $54.8m /=  69.3% : -30.7% : 3.33%: $ 9.30: 11m.E=$102m x51.0%/5.605 = $52.2m
03/07/18: 0.265 : 130.M: $34.4m / $56.7m /=  60.7% : -39.3% : 2.79%: $ 9.64: 11.4m=$110m x49.2%/5.605 = $54.1m
12/31/18 : 0.240 : 133.M: $31.9m / $53mE /=  60.2% : -39.8% : 2.63%: $ 9.14: 12m.E=$110m: x46.7%/5.605 = $51.2m (nav+$2m)
05/13/18: 0.340 : 134.M: $45.6m / $74.1m /=  61.6% : -38.4% : 2.67%: $12.75 12.5m=$159m: x44.9%/5.605= $71.4m
————————

GZZ owned 51%, 5.6M shares of RZZ in 2015 : d#1 : m#2 :

RZZ-etc w/ GZZ.v ... from Beg. 2016 : May'18 :

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from Beg. 2016 : 

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Ratio: GZZ to-RZZ: 2.76%

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Ratio: Gzz to-Izz :

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Solving for the "Plug Figure" ... then, Replacing it w/100% > $13.00 Valuation for RZZ.v

FINANCIAL MODEL, for RZZ - suggests that RZZ is undervalued at under $10

Malarctic Area------- : NSR: P&P.Oz : Q4./'17 : Q2./18 : Q3./18 : Q4./'18 : use 100% & $1300
Barnet-E, Jeffrey----- : 3% : 0,128.K :
Ody.,E.Malar., B&J -- : 3% : 2,314.K :
---------> SubT: ========= : 2,442.K :
==================== : Gold Pr. : $1,309 : $1,255: $1,196 : $1,281 : $1,300 :
==================== : Gr.Value: $3.20B : $3.06B: $2.92B : $3.13B :
-------------------> Royalty------  : 3.00 %  : $96.0M: $91.8M: $87.6M: $93.8M: $93.8M :
-------------------> Guess Pct: 66.5%?  :  54.6% :  67.3% :  82.1% :  62.3% -> Plug Figure !
---------------------> Royalty.V.  : rising?  : $52.4M: $61.8M: $72.0M : $58.4M: $93.8M @ 100%
Share Investments:
Yamana -AUY, Price: ==== : ======= : $03.12 : $02.90 : $02.49 : $02.36 :
AUY shs outstanding === : ======= : 3350.M: 3350.M : 3350.M: 3350.M:
==================== : Mkt.Cap : $10.5M : $09.7M : $08.3M : $07.9M:
AgnicoE.-AEM, Price === : ======= :  $46.18 : $45.83  :  $34.20 : $40.40 :
AEM shs outstanding == : ======= : 379.0M : 379.0M : 379.0M : 379.0M:
==================== : Mkt.Cap : $17.5M : $17.4M : $13.0M : $15.3M:
==================== :Sh.MktCp $28.0M : $27.1M: $21.3M : $23.2M: $23.2M
==================== :US$.MkCp $80.4M : $88.9M: $93.3M : $81.6M: $117.M
==================== :USD.CAD- :  x1.257 :  x1.314 :  x1.291 :  x1.364 : x1.364:
==================== :CAD.MCp : 101.1M: 116.8M  : 120.5M: 111.3M: 159.6M:
==================== :C$-Cash- : $ 04.5M : $05.3M : $03.2M: $03.0E : $03.0E :
==================== :CAD.MCp.: 105.6M: 122.1M : 123.7M : 114.3M: $163.M:

Abitibi-RZZ, Price: ===== :======== : $ 09.26: $ 09.85:   $09.89 :  $ 9.14 : $13.00 :
RZZ shs outstanding == : ======== : 11.40M: 12.40M:  12.51M:  12.51M:
=================== : Mkt.Cap. $105.6M: 122.1M:  123.7M:  114.3M: $163.M:

Gold Estimated Production 3% NSR (2018-2020)
Year    Area*  Tons Mined  (g/t):Oz: M/mined Proc'd Recovered Stockp. Mx1300: /Qtr : Cum'l $ : x$1.300
2018-Q4 JF        907,662     0.70     20,304      12,123     10,826     8,181:  $26.4 M: 26.4 : $26.4M: C$34.3M
2019       JF     1,637,121     0.87     45,833      27,339     24,414   18,494:  $59.6 M: 14.9 : $86.0M: C$112.M
2020       BA       362,582     0.89     10,327        8,797       7,855      1,530:  $11.4 M: 26.4 : $97.4M: C$127.M
====

Solving for the "Plug Figure" in the above model shows...

A "plug" of 62.3% of the Expected future Royalty income yields the $9.14 year-end price for RZZ.
If you push the percentage up from 62.3% > 100%, then the expected market cap of RZZ
+ At 100% and $1300 Gold price -> $13.00 per share

RESULT: I bought more GZZ shares, as they own 44.8% of RZZ at a low price

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GOLDEN VALLEY MINES CORPORATE AND EXPLORATION UPDATE

Golden Valley Mines Ltd. has provided an update of the company's activities at its joint ventures and related entities, including Abitibi Royalties Inc., International Prospect Ventures Ltd. and Val-d'Or Mining Corp.

1. Related entities

Abitibi Royalties: Golden Valley holds an approximate 44.9-per-cent interest (5,605,246 shares) in Abitibi Royalties.

Q1 2019 cash flow

During Q1 2019, Abitibi Royalties generated total cash flow of approximately $1-million, with approximately $388,000 coming from the company's 3-per-cent net smelter return (NSR) at the Canadian Malartic mine. Royalties from the Canadian Malartic mine commenced at the end of Q4 2018. Canadian Malartic is the largest gold mine in Canada and is operated by Agnico Eagle Mines Ltd. and Yamana Gold Inc. The remainder of Abitibi Royalties' cash flow during the quarter came from options premiums ($505,000), dividends ($92,000), realized capital gain from a non-core equity investment ($13,000) (no shares in Agnico Eagle or Yamana were sold in Q1 2019) and interest ($3,000). Please see Abitibi Royalties' news release dated March 14, 2019, for the company's 2019 to 2021 royalty production schedule and Abitibi Royalties' news release dated April 16, 2019, for further information.

Canadian Malartic exploration

Exploration programs are continuing to evaluate several deposits to the east of the Canadian Malartic open pit where Abitibi Royalties holds a 3-per-cent NSR. This includes portions of Odyssey, East Malartic, Sladen and Sheehan. During Q1 2019, exploration at the Odyssey deposit focused on defining several internal zones and expanding the deposit toward the Rand Malartic property boundary to the east.

Odyssey and East Malartic potential production (2021 to 2023)

Odyssey and East Malartic are being studied for potential underground mining from surface to a depth of 600 metres, starting between 2021 to 2023 and then potentially deeper beyond 2023. Preliminary studies show the potential for production increases of approximately 150,000 gold equivalent ounces per year at the Canadian Malartic mine, with ore fed to the existing Malartic mill, displacing a portion of the lower-grade open-pit ores. Further evaluation through additional drilling from underground access points, resource delineation and engineering would be required to advance Odyssey and East Malartic toward a development decision. The study is expected to be completed in late 2019 or early 2020 and, if approved, development starting thereafter. The permit allowing for the development of an underground ramp at the Odyssey project was received by Canadian Malartic in December, 2018.

For further information, including technical information, regarding Abitibi Royalties' interests at the Canadian Malartic mine, please see its press release dated May 6, 2019.

International Prospect Ventures: Golden Valley holds an approximate 16.5-per-cent interest (4,470,910 shares) in International Prospect Ventures...

> https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aGZZ-2767000&symbol=GZZ&region=C

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SOI-etc .... update : SOI-only 12mo :

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International Prospect Ventures: Golden Valley holds an approximate 16.5-per-cent interest (4,470,910 shares) in International Prospect Ventures...

> https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aGZZ-2767000&symbol=GZZ&region=C

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ZZ vs RZZ.v/ Abitibi, AEM/ Agnico & AUY/ Yamana ... since 1/2014 : 1/2015 : 7/2015 :: 2yr : 1yr /

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Exploration Stocks: LRA/Lara or RRI/Riverside ?

LRA vs-RRI ... update :

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RRI vs-LRA ... 10 d :

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Statistical Profile

EXPLORERS — : Price: MkCap : ShOS : BkVal.: Cash : Debt : EntV. : ebitda : Earns : AT-H : Yr-H :
LRA : Lara Expl.: 0.48 : 18.54M: 38.6M: $0.07: 2.41m: 000m: 16.1m: (1.61m (0.075: $2.00: $0.48:
RRI. : Riverside  : 0.15 : 09.40M: 62.7M: $0.19: 5.24m: 000m: 3.54m: (839k   (0.018: $1.30: $0.32:
============

Ratio: 31.3% - 0.15 / 0.48

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LARA ready?

LRA.v ... update / Last: C$0.45 + 0.01

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LRA - RRI ...update /  last :

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AVU / Avrupa Minerals Ltd. (TSX)

...update / last: $0.025 Low of Year

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Avrupa Minerals is a growth-oriented junior exploration and development company focused on aggressive exploration, using a modified prospect generator model, for valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal, Kosovo, and Germany.

The Company has an exciting portfolio of exploration projects consisting of:

  • Copper and Zinc in southern Portugal at Marateca, Mertola, and in the recently consolidated Alvalade project area located in the Iberian Pyrite Belt, where Europe's richest active copper mine operates;

  • Iron oxide copper-gold (IOCG) targets in southern Portugal on the Alvito Option project area;

  • Gold, Silver, Lead, and Zinc in Kosovo on the Metovit property in the Trepça Mineral Belt of the Vardar Zone, historically, Europe's most productive district for lead and zinc;

  • The Peshter Gold-Silver deposit in the Slivovo JV, also located in the Trepça Mineral Belt, just 15 km southeast of Prishtine, the capital city of Kosovo.

  • Gold and Tin in eastern Germany in the 307 km2 Oelsnitz exploration license in the historic Erzgebirge Mining District, a 1000-year producer of tin, tungsten, silver, base metals, and uranium.

The projects are all in areas with existing mines and strong geological potential for discovery of further economic metal deposits.

Avrupa's aim is to create shareholder value through the development of a project portfolio to joint venture or sale to larger mining companies. 

Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company directed to discovery of mineral deposits, using a prospect generator model.  The Company holds one 100%-owned, self-funded flagship project, the Alvalade VMS Project.  Avrupa focuses its project generation work in politically stable and prospective regions of Europe, including Portugal, Kosovo, and Germany.

> https://www.avrupaminerals.com/

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Nighthawk Gold

NHK- etc ... 5-years : 6mo : 10d / Last: C$0.52

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x

Suzette Ramcharan, VP, Corporate Development of Nighthawk Gold at the May Metals Investor Forum '19.

 

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GZZ in strong uptrend.. still / Lagging recently

GZZ-all ... update :

RZZ.v, Gzz, Izz ... update / Last: $0.34, $12.75, $0.16 : R-2.76%, R-212%

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Still in Holding Patterns?

RRI / Riverside Resources : 2-years : 0.155

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LRA too

LRA / Lara Exploration: 4-years : 0.485

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NEWS

Date ET Symbol Price Type Headline
2019-07-23 11:00 C:LRA 0.51 News Release Lara Exploration drills 206 m of 0.37% Cu at Planalto

Lara Exploration Ltd. has released drilling results from the Homestead target at its Planalto copper project, located in the Carajas mineral province of northern Brazil. Copper-gold mineralization is now recognized to underlie an area with dimensions of more than 350 metres north-south and 350 metres east-west and is open downdip to the west of the drill grid.

This recently completed 15-hole diamond drilling program at Homestead (holes 19-001 to 19-015, for a total of 2,773.55 metres) primarily comprising infill drilling of the shallower part of the target to fulfill a filing deadline with the National Agency of Mining (ANM). However, a number of the holes also tested north and south lateral extensions of the significant copper mineralization previously reported from the scout drill program of 2017 and 2018 (see company releases of April 24, 2018, and June 19, 2018, for details). A further three scout holes (holes 19-016 to 19-018, for a total of 309.25 metres) were drilled to test an anomalous copper-in-soil anomaly just to the south of the main Homestead target, known as the Silica Cap target and likewise returned promising zones of copper mineralization. Results of these 18 drill holes are summarized in the attached table.

(see Link)

About the Planalto project
The Planalto copper project comprises 4,726 hectares of exploration licences covering metavolcano-sedimentary sequences and intrusives of early Proterozoic-age with IOCG-type (iron oxide/copper/gold) mineralization, located near Vale's Sossego copper mine and Oz Minerals' Antas copper mine, in the Carajas mineral province of northern Brazil. Lara has the option to purchase 100 per cent of the Planalto project by making staged cash payments totalling $500,000 (U.S.) ($100,000 (U.S.) paid to date) and paying a 2-per-cent net smelter return (NSR) royalty on any production (Lara retains the right to purchase 50 per cent of this royalty for a cash payment of $2-million (U.S.)).

C$
Sym. : Price: MkCap: E-Val : Ebitda: EV/Eb: Debt- : BkVal: %BV : Earn : PER : NetDebt, 3/19
Gcm.t: $5.01: 242.M: 276.M: 107.M : r2.59 : 74.4M : $5.39: 93.%: (0.17) N/A :
CS.t - : $0.54: 216.M: 488.M: 126.M : r3.86 : 223.M : $1.89: 29.%: (.060) N/A : 147.M vs 160.M, 3/18
LRA.v : $.485: 18.7M: 16.7M: (1.61M) -10.4 : N/A - : $0.07: 721%: (.075) N/A :
RRI.v- : $.155: 9.72M: 4.79M: (0.82M) -5.71 : N/A - : $0.19: 82.% : (.018) N/A :
===

CS.t / Capstone Mining w/Lara ... 2017-chart : 2019 : 2019-LRA-led : / Last: C$0.54 (x400M shs= C$216M Mkt Cap.) vs. LRA: $0.485= C$00M Mkt Cap

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: 2019 :

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: 2019-LRA-led :

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(neither CS nor LRA got much of a Lift from this.)

Lara has a staged earn-in agreement with Capstone Mining Corp. (see company news release of Feb. 4, 2019, for details), whereby Capstone can earn up to a 70-per-cent interest in the project by financing exploration, feasibility studies and electing to finance, build and operate a commercial mining operation, with Lara repaying its pro rata share of the production financing out of cash flow.

About Capstone

MiningCapstone is a Canadian base metals mining company, with two producing copper mines: Pinto Valley in the US and Cozamin in Mexico. Capstone also has the large scale 70% owned copper-iron Santo Domingo development project in Chile, the Minto copper project in Yukon, Canada currently on care and maintenance, as well as a portfolio of exploration properties.

 

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CAPSTONE MINING

CS.t / Capstone Mining ... fr.1/2010 : Last:

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GZZ is lagging its investments

GZZ -vs- RZZ, etc ... update / last: $0.33/ $12.80 : r-2.58%

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==

GZZ to-RZZ: 2.58%

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GZZ to-AUY: 11.2%

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GZZ to-AEM : 0.61%

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CS /... update : C$0.53

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Pinchpoints... Capstone & Other Mining related

CS-etc ... update /Last

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