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drbubb

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

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pg5 : Abitibi / RZZ is running ahead of GZZ, & GZZ owns about 45%

RZZ.v, Gzz, Izz ... update / Last: $0.41, $14.45, $0.09 : R-2.84%

Still rising ... but slowly

from Beg. 2016 : UPDATED to 10/17/2019 / GZZ: $0.41 Unch. RZZ: $10.45 +0.05. / Ratio: 2.84%

bXQ71YD.gif

Ratio: 2.84%

https://imgur.com/qs15Uq2https://imgur.com/qs15Uq2image.png

Quote

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:
=== : 10/17/19 Prices :
GZZ : Golden Valley--- : $ 0.410 : $.225- $0.44 : 134.0 : 100.%: 134.0 : $54.9m : $48.2M :
RZZ : Abitibi Royalties: $ 14.45 : $7.98- $15.4 : 12.54 : 44.7%: 5.605 : $81.0m : $69.8M :
SOI : Sirios Resources: $0.160 : $0.12- $0.28 : 121.2 : 03.3%: 4.000 : $0.64m : $0.90M :
VZZ : Val d'Or Mining : $ 0.095 : $.050- $0.14 : 33.19 : 24.6%: 13.19 : $1.25m : $0.80M :
IZZ. : Intl Pros. Vents. : $ 0.090 : $.085- $0.21 : 25.13 : 16.6%: 4.471 : $0.40m : $0.80M :
================== > ------------------------------------------------------------------- : $83.3m : $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
05/13/19: 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
10/17/19: 0.410 : 134.M: $54.9m / $83.3m /=  65.9% : -34.1% : 2.84%: $14.45 12.5m=$181m: x44.9%/5.605= $81.0m
———————— 

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

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

iz9XBSv.gif

=

 

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Track RECORD of destroying Capital

Gold up 50%, but mid-tier Gold miners valuations are down

Why Gold Mining Companies Habitually Destroy Capital (w/ James Rasteh)

James Rasteh of Coast Capital Management is a deep-value investor who has turned his sights on the gold miners. He points out that these stocks have destroyed billions of dollars in capital, and have chronically underperformed the gold price, even during rallies. According to Rasteh, the managers are the problem, and yet they have paid themselves millions. He says it’s now time for a change. Filmed on September 11, 2018 in New York

/ 2 /

Two of my favorite, highly-articulate Gold experts

Building Empires Out of Gold (w/ James Turk and Grant Williams)

==

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A GOOD DAY for RZZ ($15.05 +0.63, +4.37%) and GZZ ($0.385. +0.015, +4.05%) ...

RZZ etc... fr. 1/2016 :

45UKdTh.gif

RZZ.v, GZZ.v .. update / $15.05 / 0.385 = r-39x

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Ratio: 39x

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RE:Nice action today.

gzz's piece of the diviPie got be close to a million (12 cents a year) R they going to spread that around for the holidays?  rate and reply
 
OLD Post on: Malartic
Mr market seems to like the drilling results at  Malartic with RZZ up to an all time high of over 15$ a share ,Gzz up nicely as well.  rate and reply

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Golden Valley nearly keeping pace with Abitibi Royalties

GZZ vs-RZZ ... fr. 2016 : update / GZZ: C$0.40 (yr.h: $0.44) / RZZ: C$15.50 = Ratio: 2.58%,  Rev.Ratio: 38.8x

Match ratio would be: 2.84%, Rev.Ratio: 35.2

hGPigWC.gif

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Project Generators. w/REN, LRA, RRI : + CS/Capstone / Lara Exploration has Copper

OiDFYId.gif

LRA vs. CS & FCX ... fr. Jan.2016 : Jan.2018 : 5yr: 2yr: 1yr: 6mo: 10d / LRA: 0.475, CS: 0.63, FCX: $13.06

lUjC2Ot.gif

LRA-to CS / Lara & Captone are both Copper-related .... Ratio:75.4%, vs. 117% high

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About the Planalto Project

The Planalto Copper Project covers meta-volcano-sedimentary sequences and
intrusives of early Proterozoic-age with IOCG-type mineralization, located
near Vale's Sossego copper mine and Oz Minerals Antas copper mine, in the
Carajás Mineral Province of northern Brazil. Lara has the option to purchase
100% of the Planalto Project by making staged cash payments totaling
US$500,000 (US$200,000 paid to date) and paying a 2% NSR royalty on any
production (Lara retains the right to purchase 50% of this royalty for a cash
payment of US$2 million). Lara has a staged earn-in agreement with Capstone
Mining Corp., (see Company news release of February 4, 2019 for details),
whereby Capstone can earn up to a 70% in the Project by funding exploration,
feasibility studies and electing to finance, build and manage a commercial
mining operation, with Lara repaying its pro-rata share of the production
financing out of cash flow.

About Lara Exploration

Lara is an exploration company following the Prospect Generator business
model, which aims to minimize shareholder dilution and financial risk by
generating prospects and exploring them in joint ventures funded by partners.
The Company currently holds a diverse portfolio of prospects, deposits and
royalties located mostly in Brazil and Peru. Lara's common shares trade on the
TSX Venture Exchange under the symbol "LRA".

LRA (30%) & CS (70%) have a JV together - at Planalto

2bIqfdW.png

oymc6Gz.png

====

UPDATE FOR THE CELESTA COPPER PROJECT IN BRAZIL (previously, Maravaia project)

Lara Exploration Ltd. has provided a progress update on its Celesta copper project (previously known as the Maravaia copper project), located near the town of Curionopolis, in the Carajas mineral province, Para state, northern Brazil.

Lara owns a 2-per-cent net smelter returns royalty on the project and a 5-per-cent carried (to production) equity interest in the operating company Celesta Mineracao SA, which is jointly operated by partners Tessarema Resources Inc. (with 40-per-cent interest) and North Extracao de Minerio Ltda. (with 55-per-cent interest). Ocean Partners U.K. Ltd. provided loans to Tessarema during the development phase of the project (which now sit within Celesta) and is providing additional loans to finance the stripping, plant improvements and working capital in exchange for a life-of-mine offtake rights. The new corporate documents and pledges to Ocean Partners have now been duly registered and the additional debt financing made available. Lara is owed a $1-million (U.S.) late penalty fee, as the project was supposed to achieve commercial production in 2018. Celesta has assumed this obligation and will pay Lara in 10 monthly payments of $100,000 (U.S.), the first of which was due on Oct. 30, 2019, which has now been paid.

Celesta's development and mining program will initially focus on the Osmar target that has an indicated resource estimate of 2.14 million tonnes, with average grades of 4.2 per cent copper and 0.66 part per million gold...

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U5YJh0J.gif

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Sold GZZ far too soon because of impatience (at around 36c)  pretty dumb in hindsight to cash out at what is now a tiny profit (circa 18%)  compared to today’s mid price.of 47.5.

Yeah I know, always leave some for the next man, a profit is a profit but have waited a good few months, I snatched rather than let it ride because I’d been in profit before and seen it drift back. Amateur in truth, as nothing had changed and I preach it so often to myself and others. 

So another reinforcement trading lesson.

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New horizons?  LRA etc - A Bullish PATTERN?

I am almost out of GZZ, Golden Valley.  I have one more tranche (or so) to sell.

I made a nice profit on it - close to a double.  And I am reinvesting the capital in other project generator companies.

LRA is one of them.  Look at this nice repeating pattern. Can we guess what comes next??

(haha. There's no guarantee the big jump will come again, tough the set-up is similar, and tax-selling ends any day now)

LRA.t / Lara Exploration... All-data: 10yr: 5yr: 2yr: 1yr: 6mo: 10d / Last: $0.56 -0.01

TxHxUIV.gif

/ 2 /

Apart from the end of Tax-related selling -- a run-up in Copper and FCX might help LRA & the others....

Copper related ... update /

oeqDs0n.gif

Stanley Druckenmuller likes Copper -

Druckenmiller likes some commodities - incl. Copper

"We don't own Energy... probably should"

Shifted to: "Owning stuff that will do well in a higher growth world"

Druckenmiller on 2020 Outlook, Monetary Policy, U.S. Election

==

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On ‎12‎/‎28‎/‎2019 at 12:37 AM, drbubb said:

LRA is one of them.  Look at this nice repeating pattern. Can we guess what comes next??

(haha. There's no guarantee the big jump will come again, tough the set-up is similar, and tax-selling ends any day now)

LRA.t / Lara Exploration... All-data: 10yr: 5yr: 2yr: 1yr: 6mo: 10d / Last: $0.56 -0.01

TxHxUIV.gif

/ 2 /

Apart from the end of Tax-related selling -- a run-up in Copper and FCX might help LRA & the others...

Dr B, you and other chartists always fascinate me, where you draw your lines but I just asking out loud, so why wouldn't the double bottom on the final support line happen again?

Would it be because that point on the 3rd  downward triangle has passed? Can you see why I'm asking, why should it not retest around 0.23/24c as on the 2 previous occasions, prior to the spike up.

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yes. it could happen that way.

but the position of copper to me suggests it may not wait that long

GR7aViW.gif

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Hit 0.495 yesterday - so I reckon I am out of GZZ.

GZZ.v vs RZZ.v ... update : 0.49, $17.75

So watch it soar in 2020!

RZZ remains strong: +0.10 to $17.75, after hitting a new high at $17.88

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On 9/15/2019 at 1:17 PM, drbubb said:

FIVE Mining related CO's - LOOKING at some charts

Symbol: Price: MkCap: Ent.Val: Ebitda: EV/Eb: Debt- : BkVal: %BV : Earns : PER : Cash: NetDebt
AAU - :  $.712 :  $ 80.M: $ 80.M: - N/A - : - N/A-:  N/A - : $0.49 :
AMM.t:c$0.95 : $106M: $107M: (3.71M) -28.9: 2.73M: $0.63 : 151% : (.027) N/A :
BGM.v:c$.405 : $228M: $207M: (89.1M) -2.32: 1.45M: $0.03 : 14.5x : (.137) N/A :
OOO.v: c$0.10 : $16.2M: $15.M: (0.68M) -0.00:  -N/A- : $0.17 : 57.% : (.008) N/A :
SOI.v  : c$0.20 : $32.7M:  - N/A-: (0.85M) -33.6:  -N/A- : $0.18 : 113%: (.013) N/A :
TNX.t : c$1.01 : $151M: $157M: (4.50M) -38.8: 7.46M: $0.27 : 380%: (.051) N/A :

AAU / Almaden Minerals ... all-data : 2yr / Last: $0.712 vs H-Yr ($0.90) : - 20.9%

xAHX81A.gif

BGM / Barkerville Gold Mines ... all : 10yr : 5yr : 2yr / Last: $0.405 vs H-Yr ($0.48) : - 15.6%

SKsKUo9.gif

: 2yr /

SB0LguM.gif

BGM NOT economic?

$300m Capex to make $400m?

Interesting question as to why they only used half the resources -  only answer is because the other half won't make any money. No reason to not include resources that can be converted to reserves - that would be witholdoing material information. This is exactly why BGM stock is languishing - no one believes all resource ounces are economic. Also, keep in mind that a PEA can include inferred ounces in its reserve calculations - whereas a PFS or FS cannot (indicated only). There is always risk with inferred resources.  Would be interesting to know what proportions of the reserves in this PEA come from inferred resources.    

Read more at https://stockhouse.com/companies/bullboard?symbol=v.bgm&postid=30105441#t3Xor5397ITRiFgg.99

OOO / Otis Gold Corp. ... all-data : update / Last: $0.10 vs H-Yr ($0.19) : - 47.4%

kkfgxZI.gif

NEWS

2019-08-27 09:48 C:OOO 0.09 News Release Otis Gold files amended PEA for Kilgore
2019-08-23 09:23 C:OOO 0.095 News Release Otis Gold arranges $1-million private placement

SOI / Sirios Resources ... all-data : update / Last: $0.20 vs H-Yr ($0.28) : - 28.6%

mTlQ4UV.gif

Sirios Resources announces the first closing of a private placement of units
$1M at $0.20 with $0.30 wts of 18 months maturity.  Free trading by mid-sept (??)
Sirios Resources completes the last closing of its private placement of units

SIRIOS Resources intersects 31.3 g/t Au over 1.0 m in the Eclipse Zone at Cheechoo

Sirios Resources Intersects its targets with 187.0 g/t Au over 0.8 m and 106.0 g/t Au over 1.3 m at Cheechoo

TNX / Tanzanian Gold ... all-data : update / Last: $1.01 vs H-Yr ($1.56) : - 35.3%

3kDiq8M.gif

 

Otis Gold receives court approval to operate Kilgore

 

2019-12-19 12:37 ET - News Release

 

Mr. Craig Lindsay reports

FEDERAL COURT CONFIRMS STATUS OF KILGORE PLAN OF OPERATIONS

Idaho federal district court Judge B. Lynn Winmill issued a decision in Idaho Conservation League et al v. U.S. Forest Service that confirms Otis Gold Corp.'s right to operate under the five-year plan of operation issued to Otis in 2018 at its Kilgore project, Clark county, Idaho. Judge Winmill found the United States Forest Service adequately evaluated the potential environmental impacts of exploration pursuant to the National Environmental Policy Act, National Forest Management Act and Organic Act. Otis recently completed a drill program at Kilgore under this approved plan of operation (see Otis news release dated Dec. 13, 2019) and has an extensive drill program planned for 2020.

Judge Winmill, in his decision, did find that further explanation and analysis are required with respect to ground and surface water in what is known as Dog Bone Ridge, a historically lightly explored exploration target that Otis feels has strong exploration potential. The court has therefore directed the U.S. Forest Service to update its analysis to include more information about potential ground and surface water impacts in this area. In the interim, Otis has a continued legal right to explore at Kilgore under its five-year plan of operation and applicable mining law.

Otis president and chief executive officer Craig Lindsay stated: "We are pleased that Judge Winmill has deferred to the Forest Service, relying on both established mining law and the Forest Service's expertise in respect of the analysis of the environmental impacts of the approved Kilgore plan of operation. We will work with the Forest Service to remedy the data deficiencies identified at Dog Bone Ridge, and note that much, if not all, of the information the court has requested has previously been collected as part of the comprehensive permitting process. This decision is hugely positive for Otis and our ongoing exploration efforts at Kilgore. I would like to thank the Forest Service, in particular its team responsible for Kilgore, and the local community of Clark county for their continued support. Finally, I want to assure the local community, and Idahoans in general, that we will continue to work collaboratively with all stakeholders and will maintain our focus on reducing the environmental impact of all exploration activities."

Alan Roberts, Otis vice-president of exploration, stated: "This decision reaffirms our right to continue exploration efforts at Kilgore, which have been severely hampered since the filing of the complaint and the uncertainty it created. We are now in a position to significantly expand exploration at Kilgore unencumbered by the complaint and will be conducting a significant drill program in 2020 with the goal being to expand the existing Kilgore deposit and identify new ones."

About Otis Gold Corp.

Otis is a resource company focused on the acquisition, exploration and development of precious metal deposits in Idaho. Otis is currently developing its flagship property, the Kilgore project, located in Clark county, Idaho, and the Oakley project, located in Cassia county, Idaho.

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GZZ: is up to $0.54 now - so I sold too soon

But one of the replacements, Lara is doing well, just today:

LRA: 0.66 +0.08, +13.79%

 

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SOME JUNIORS with "OPTIONALITY"

December 23, 2019 - 08:17 PM 64 Reads

RE:... : while accidently surveying

No, I am not in MMG.  Here are the top positions in my portfolio:

WRN.t: Western Cop'r &Gold : ($1.07, vs. 0.62: +72.6%)
DSV.v : Discovery Metals.      : ($0.65, vs. 0.18: +261.%)
Gldx.t : Gold X Mining (>SSP): ($2.48, vs. 1.20: +107.%)
ITH.t : Int’l Tower Hill Mines* ($0.70, vs. 0.60: +16.7%)
SBB.t : Sabina Gold & Silver  : ($1.84, vs. 0.99: +85.9%)
SPA.v : Spanish Mtn Gold.    : ($0.10, vs. 0.05: +100.%)
Maw.t: Mawson Resources*: ($0.19, vs. 0.13: +46.2%)
SMD.v: Strategic Metals Ltd : ($0.52, vs. 0.28: +85.7%)
ATC.v : ATAC Resources*.   : (0.225, vs. 0.17: +32.4%)
NCP.t : (Nickel Creek Plat.)   : (0.085, vs. 0.03: +183.%)
TNX.t : (Tanzanian Gold)      : (0.085, vs. 0.03: +183.%)
=====
All of these are juniors.  Optionality plays, Yukon-focused plays and buyout candidates are what this list is comprised of.
 
Symbol: Price: MkCap: Ent.Val.: Ebitda: EV/Eb: Debt- : BkVal: %BV : Earns : PER : Cash: NetDebt
01.03.02:
ATC.v : $0.225: $35.6M: $ 24.4M:  (-N/A- ) -N/A-: -N/A- : $0.69 : 33.0%: (.020): N/A :
ITH.t  : $0.700: $131.M: $123.8M: (4.50M) -29.4: -N/A- : $0.34 : 209.%: (.021): N/A :
MAW.t: $0.195: $37.4M: $ 27.1M: (3.59M) -7.54: -N/A- : $0.22 : 88.0%: (.025):  N/A :
NCP.t  : $0.085: $23.1M: $ 21.6M: (3.29M) -6.57: -0.23m $0.10: 83.0%: (.015):  N/A :
=====
 
*Interesting charts:
ATC.v : ATAC Resources*.   : (0.225, vs. 0.17: +32.4%)
QMkWwq5.gif
ATC.v >: 5yr: 2yr: 1yr: 6mo: 10d/ Last: $0.225
05fz6LR.gif
 
ITH.t : Int’l Tower Hill Mines* ($0.70, vs. 0.60: +16.7%)
DrfGpzN.gif

ITH.t >: 5yr: 2yr: 1yr: 6mo: 10d/ Last: $0.70
vTdZRXR.gif


Maw.t: Mawson Resources*: ($0.19, vs. 0.13: +46.2%)
fmgKwML.gif
 
NCP.t : Nickel  Creek Platinum*.   : (0.085, vs. 0.03: +183.%)
KuqsjJl.gif
NCP.t >: 5yr: 2yr: 1yr: 6mo: 10d/ Last: $0.085
x

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UPDATE on TNX, new year often brings a rally in TNX

Symbol: Price: MkCap: Ent.Val: Ebitda: EV/Eb: Debt- : BkVal: %BV : Earns : PER : Cash: NetDebt
09.15.19
TNX.t : c$1.01 : $151M: $157M: (4.50M) -38.8: 7.46M: $0.27 : 380%: (.051) N/A :
01.03.02:
TNX.t : c$0.84 : $127M: $121M: (4.31M) -28.1: 7.01M: $0.13 : 661%: (0.22) N/A :

Updated chart(s)

TNX - 10 yr : 5yr: 2yr: 1yr: 6mo: 10d/ Last: C$0.84 + 0.03

SgiVMMy.gif

TNX.t > 2yr: 1yr: 6mo: 10d/ Last: C$0.84 + 0.03

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NEWS

Recent Bulletins News ReleasesIn The NewsOther
Date ET Symbol Price Type Headline
2019-12-18 18:05 C:TNX 0.79 News Release Tanzanian Gold closes $3.85-million offering
2019-12-16 07:54 C:TNX 1.04 News Release Tanzanian Gold arranges $3.85-million financing

Tanzanian Gold arranges $3.85-million financing : USD 57.5 cents x 1.30 = C$0.7475

2019-12-16 07:54 ET - News Release

Mr. James Sinclair reports

TANZANIAN GOLD CORPORATION ANNOUNCES PUBLIC OFFERING OF COMMON SHARES

Tanzanian Gold Corp. has commenced an underwritten public offering of up to 6,695,652 common shares at 57.5 cents per share. R.F. Lafferty Co. Inc. is acting as underwriter to offer and sell the common shares on a best efforts basis.

The company intends to use the net proceeds from the offering at the Buckreef project primarily to (i) further its continuing ultradeep exploration drilling program testing up to 1,200 metres deep; (ii) initiate open-pit mining for oxide ore and work to construct and operate a 15-tonne-per-hour oxide processing facility; and (iii) continue to fast-track necessary testing and studies to further refine the Buckreef open pit, and develop the larger processing plant all to further the completion of the company's National Instrument 43-101 definitive feasibility study. The company is pleased to report that these three work programs are being executed in parallel. In addition, net proceeds will also be used for working capital and other general corporate purposes.

==

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(From Thom Calandra) ... see:Does anyone read Thom Calandra's Blog ?

"Obscure explorers-developers: Nouveau Monde Graphite (NOU in Toronto). Maple Gold Mines (MGM in Toronto). And ones I am perusing yet do not own: Nevada Copper (NCU in Canada); Azimut Exploration (Québec -- AZM). Not as obscure: copper-gold developer Trilogy Metals in Alaska -- liquid stock that won't slow down, even as short-sellers momentarily shave cents off the USD and CAD stock price. "

CHARTS

Composite: AZM-etc/ Azimut .... 10yr: 5yr: 2yr: 1yr: 10d/ Last: $0.54 + NOU:$0.00, MGM:$0.00, NCU:$0.00

zjrobVi.gif

NOU-etc (w/o AZM): 2yr: 1yr: 6mo: 10d/ NOU:$0.20, MGM:$0.00, NCU:$0.00

CX6B1zU.gif

Nouveau Monde Graphite (NOU in Toronto).

xx

Maple Gold Mines (MGM in Toronto)

xx

Nevada Copper (NCU in Canada);

xx

Azimut Exploration (Québec -- AZM).

xx

Not as obscure: copper-gold developer - liquid stock that won't slow down, even as short-sellers momentarily shave cents off the stock price

Trilogy Metals in Alaska  (??? & ??? in US)

xx

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You were kind of right on LRA Dr B, it did spike a little.

Do you think the move has now passed, still hold or cashed in?

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I have sold my GZZ, as you know and moved on...

To others stocks, like:

+ LRA, where I am still long,

+ DNG, PGM... and some others

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