The Unstoppable Force in British Columbia

Source: Andrew O’Donnell for Streetwise Reports   07/18/2018

Andrew O’Donnell of Supercharged Stocks discusses a gold exploration company that should start receiving summer drill results shortly.

Juggernaut Exploration Ltd.’s (JUGR:TSX.V) stock has been getting a lot of attention from many industry heavyweights, newsletter writers and senior mining analysts who are considered experts in the mining sector. Quiet enthusiasm has been growing and this is being reflected in the price and volume of the stock traded. Subscribers who got in at around $0.20, when I started covering Juggernaut (February 28, 2018) are asking if it is time to add to their positions as drilling is about to commence. Now, I cannot answer that for each individual, but what I can say is this: I am not in this just to double my money. I am in this stock for a major discovery and right now Juggernaut is in a “data accumulation phase”: drilling and amassing information to further its conclusion that it is sitting on a world-class discovery. My fear is missing out on the potential upside when it starts releasing the data shortly.

Every other day there are new emails, inquiries and phone calls asking about this company from strangers, new subscribers and the new investors into this market. Their first question is always “What is going on?!” Followed quickly by the question: “Am I too late for Juggernaut?” The answer is no. We are standing in ahead of the curve on this and even at $0.60 you are well positioned. This is a stock for holding and waiting for the data. Sure, you could have made incredible short-term gains on this stock just because more and more people are coming into the opportunity, but the bigger question is why? Why would you risk the potential to capitalize on the opportunity that many feel is unfolding before us? The indicators are there that this could be the deposit that sparks a sector boom. I am in this one for the big gain, a ten-bagger (10 times return on investment). That speaks to my level of risk tolerance, as well as my understanding of the data. A lot of time, effort, research and data have been put into this region by many smart people. This sector, this region in morthwest British Columbia, the syndicates and this management in particular are going to deliver results.

I had mentioned that this was a hold stock for me, but that does not mean there is not a market to trade. In fact, it is quite the opposite. The volume, market and retail growth coupled with the two consecutive oversubscribed financings totaling $4,253,000 has now fully funded the highly anticipated and extensive inaugural drilling campaigns for both of Juggernaut’s 100%-controlled Empire and Midas properties. Juggernaut continues to receive strong support from senior miners, institutions and strategic accredited investors alike, making this a versatile stock for both short-term and long-term players. There are wonderful technical stock analysts out there who can give you the edge in trading this stock, but for me, I am a believer and I look forward to the release of data.

The latest news from Juggernaut has been exciting and the story is getting out; the right people are looking at the story. Recent financings have allowed the company to get strategic partners involved. Juggernaut’s recent financing was wildly successful (in an otherwise barren market) and included key industry players to get this story in front of the most sophisticated investors and institutions. With that in mind, Juggernaut is an incredible opportunity to invest risk capital, or better yet take it to your broker—and show them what is happening with this company.

So what has happened?

In the past few weeks, small victories built upon each other. This began with Jay Taylor, owner of Miningstocks.com and Taylor HardMoney Advisors. Jay is one of the most highly respected and stoic investors in this space. He said in his June 1, 2018, publication: “It is my view that Juggernaut is one of the most exciting high probability early exploration stories I have covered in this newsletter since its inception in 1981.”Coming from Jay Taylor, this is high praise indeed. Furthermore, Mr. Taylor finished off his statement about Juggernaut by concluding:

“Last but not least, the quality of management with its proven track record provides added confidence in the likelihood of success. All in all, this is a stock I felt compelled to own and to pass what I know along to you.”

Getting that type of endorsement from a man with his reputation certainly brought the right type of attention to the opportunity. Canada’s largest and most respected independent national brokerage firm, Haywood Securities, heeded the call and included Juggernaut in its highly respected publication “Haywood’s Junior Exploration Q2/18 Report.”

The news Juggernaut has created in this space is growing, but I want to reach out again and let people know about this opportunity. I want to inspire people to take action and enter into an undervalued sector that has massive historical data in a world-class region with global demand.

Let’s look at the fundamentals of this company and revisit my last analysis from late February 2018 when the stock was trading around $0.20.

The junior mining market is small. This is not a disparaging comment, but on the global financial scale, junior miners raise smaller amounts of funds to do the heavily lifting of finding, prepping and making projects feasible for producing companies. This historical curve is supported by evidence. Juggernaut could truly be only one drill hole away from a paradigm shift. As one P.Geo put it to me recently, “the opportunity in Juggernaut is geologically irrefutable, truly elephant targets in elephant country.” This is the type of opportunity we all are looking for to get in on, ahead of the curve. It could be any week that results start trickling in, or we start to hear some camp chatter about results. Take some profits out of the overplayed weed stocks, social media companies and cryptocurrencies and put some money in a sector that is incredibly undervalued. This sector is primed for some good results and when that happens this stock can take off.

The Opportunity

We cannot talk about Juggernaut without first touching on the technical team, which is led by a world-class project generator, Bill Chornobay. He is the one that had the vision to assemble the projects and utilize the same business model that he has had great success within the past. His track record includes discovering the Golden Mile in Ontario, which was rolled into Prodigy and bought out by Argonaut for about $320 million just a few short years ago. Bill originally staked the Coffee Creek assets in the Yukon, specifically the “Supremo Zone,” which became the base asset for Kaminak, which Goldcorp recently bought for about $520 million. More recently, Bill generated and discovered the Plateau South project, in the Yukon, which is owned by GoldStrike Resources. He recently inked a $53 million joint venture with Newmont Mining Corp. The depth of Bill’s exploration team is immense, and they clearly know how to find robust mineralization when they’re out in the field.

MIDAS PROPERTY

Midas is situated in a world-class geological setting within which Juggernaut discovered a 2.1 x 1.6 km gold in bedrock discovery that is 100% controlled. Midas is only 14 km to major power, CN rail, with direct road access, and is drill ready. This discovery was made as a result of rapid permanent snow-pack abatement in the region due to global warming. I was able to sit down with Dr. Ewan Webster and speak to him about what a “world-class geological setting” looks like, and I urge you to make sure you watch this video. Multiple high-grade gold mineralized chip, grab and channel samples have defined a 2.1 x 1.6 km zone of surface gold mineralization known as the King Solomon Zone, which remains open. Channel samples contain grades up to 10.28 grams per tonne gold over 4.34 meters. The extent of the gold mineralization indicates a large feeder source at depth.

King Solomon Gold Zone
Figure 1: King Solomon Gold Zone

The Midas property is within an 18 x 10 km alteration zone that was identified by the BCGS (British Columbia Geological Survey), which also stated this is one of the last large under-explored alteration systems in BC with very strong potential for both Eskay Creek-style VMS and structurally controlled gold mineralization. Widespread polymetallic and gold mineralization is seen on surface, coupled with an extensive gold in soil anomaly that measures 1100 by 800 meters, provides strong evidence of a large gold system that is drill ready.

Aerial view of King Solomon Gold Zone
Figure 2: Aerial View of King Solomon Gold Zone Looking NW

I liken this project to a modern-day gold rush. What the market has been waiting for is major news of a discovery and in a safe jurisdiction. On top of this, Juggernaut’s projects have road access and are positioned close to excellent infrastructure in Terrace, BC, including an ALS Chemex prep lab. According to Dan Stuart, president and CEO of Juggernaut: “I was able to arrive in Terrace and head over to Tim Horton’s for a coffee and within 20 minutes I was on the property with a still warm coffee in hand!” From double-double to being on the property in double-quick time—now that is truly close to infrastructure!

EMPIRE

The newly discovered 5.5 km long Inca Trend is located on the Empire property (Figure 3), which is only 8 km to major power, CN rail, and has road access. Like Midas, it is hosted in the same world-class geological terrane of northwestern British Columbia. This discovery was also made as a result of rapid glacial and snow-pack recession in the region. One of many discovered zones is RockStar; it measures 1000 x 550 meters with 450 meters of mineralized vertical relief, and remains open in all directions. Rockstar is located along the newly discovered 5.5 KM long Inca Trend that contains widespread polymetallic mineralization in bedrock and potassic and propylitic alteration, indicating a large porphyry feeder source at depth. Inca provides for multiple strong drill targets for the upcoming inaugural 2018 drill program.

Empire Property
Figure 3: Empire Property Highlighting the Inca Trend and Big One and Colossus EM anomalies

Inca Trend
Figure 4: Inca Trend Overview

The second drill-ready area to be targeted on Empire for 2018 is the Big One anomaly (Figure 5). It is located ~3.5 km north of the Inca Trend and is a large geophysically indicated, strongly conductive tabular body measuring 1000 X 800 meters that extends to a depth of 300 meters and remains open (See 3D Model Video). This subsurface conductive body is hosted in a layered sequence of volcanics and comes to within 30 meters of the surface. The tabular shape of the conductive body, the presence of sulphides including chalcopyrite on surface, and the presence of marine fossils in the area are all strong indicators of being in close proximity to what was a hydrothermal vent system, a black smoker. These results demonstrate Big One has strong potential to be an Eskay Creek-style VMS at depth.

Juggernaut has only begun to scratch the surface of these two properties and it is theorized we are seeing just the tip of the iceberg. This is no small play on words, the ice abetment is revealing potential that could be startling. The company could be just one drill hole away from a major new discovery in a world-class geologic setting, proven capable of hosting world-class deposits. This is a very rare opportunity to be in ahead of the curve.

As Dan Stuart explained in his interview with me at the recent Vancouver Resource Investment Conference, the “Rockstar Zone, for instance, is currently 1 kilometer by 530 meters and it remains open. 100% of the channel samples contained significant gold, copper, zinc, and lead mineralization. 92% of all the grab samples ran with gold, copper, zinc and lead.”

3-D Model of Big One anomaly
Figure 5: 3-D model of the Big One anomaly

Dr. Stefan Kruse. P.Geo, chief consulting geologist, stated, “We’re going to get in there as early as possible this year and run an IP survey to trace the extent of the surface mineralization to depth, prior to drilling, we are targeting elephants. The discovery of a new extensive zone of gold and copper rich massive sulphides at surface on Rockstar is very exciting and we look forward to outlining the full extent of this discovery both along strike and at depth. We have strongly recommended a comprehensive exploration and inaugural drill program in 2018 targeting this and the other exciting new discoveries made on both Midas and Empire.”

Another exploration geologist on the team recounted a memorable day on the Empire property: “It was a foggy morning and we were all standing on an extensive newly exposed mineralized outcrop which had not yet oxidized, and when the fog lifted and the sun shone through the ground literally started sparkling everywhere.” The geologists could not believe what they were witnessing a truly spectacular sight.

We cannot talk about Juggernaut without touching on the DSM Syndicate. Following the story of this team is exciting because you learn that the process of making these discoveries has many phases. Getting these grab samples is one of the first stages in ground truthing a generated target. This speed prospecting program covered over 1500 km of terrane and returned many multi-ounce gold samples that culminated in the staking of six new properties. Juggernaut owns 20% of this syndicate. This is a unique opportunity all on its own. To have a relationship with this syndicate as well as 20% stake in its finds tells me that JUGR might have a front row seat at the table with this group, or at least could provide for a stream of income and additional news flow if another qualified partner comes along and develops any of these syndicate properties.

There is a lot of media coming out in North America about this undervalued sector. It will not stay cheap for long and Juggernaut is moments away from drilling. If there was ever a time to get involved in an undervalued market with excellent management teams and potential then now is that time.

I firmly believe Juggernaut’s chart could be one of the most dramatic charts you are going to see in 2018. The company checks all the boxes in a sector prepared to boom, in a safe region that is known to host world class deposits. As the age-old adage in the exploration business goes, “we are one drill hole away from a major discovery.” Anyone can say that, but what matters is who is saying that and what do they have to back it up. Now you are all duly informed and are in the know ahead of the curve. This has nothing to do with the luck of the Irish as the O’Donnell clan elders preached the harder we work the luckier we get.

Further information can be sourced online at: JuggernautExploration.com

Do not miss out on getting In Ahead of the Curve. This is the time, this is the second pick and get ready to hear more about this amazing opportunity.

Don’t forget to follow us @SuperChargedStocks (Ahead of the Curve) for real-time news updates! And check out our website sections Camp Chatter, Drill Bits, Prospectors Corner and Made the Grade.

Andrew O’Donnell is president and CEO of Supercharged Stocks.com. He was born into a family that lived and breathed the financial industry. Many a family meal was spent discussing markets, wealth accumulation, estate planning, tax strategies and new products and services for companies and families. A graduate of Ridley College, O’Donnell obtained his Bachelor of Arts from the University of Western Ontario. He began his career in Calgary as an advisor with Standard Life but branched out to include stocks, bonds and derivatives products when he took his book to Merrill Lynch. The focus was on providing thoughtful planning, high performance and structured strategies. Throughout his career O’Donnell has worked at various levels of the financial service industry culminating as a Managing Director of an offshore “captive insurance company” in Barbados, which he created with Willis Canada for a land banking company. He has created structured products and is always looking for innovative, interesting market advantages.

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Disclosure:
1) Andrew O’Donnell: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Juggernaut Exploration. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. Supercharged Stocks disclosures are listed below. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Juggernaut Exploration, a company mentioned in this article.

Supercharged Stocks General Disclaimer: I am not a certified financial analyst, licensed broker, fund dealer, Exempt Market dealer nor hold a professional license to offer investment advice. We provide no legal opinion in regard to accounting, tax or law. Nothing in an article, report, commentary, interview, and other content constitutes or can be construed as investment advice or an offer or solicitation to buy or sell stock or commodity. These are all expressed opinions of the author. Information is obtained from research of public media, news, original source documents and content available on the company’s website, regulatory filings, various stock exchange websites, and stock information services, through discussions with company representatives, agents, other professionals and investors, and field visits. While the information is believed to be accurate and reliable, it is not guaranteed or implied to be so. The material on this site may contain technical or inaccuracies, omissions, or typographical errors, we assume no responsibility. SuperChargedStock.com does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. It is provided in good faith but without any legal responsibility or obligation to provide future updates. I accept no responsibility, or assume any liability, whatsoever, for any direct, indirect or consequential loss arising from the use of the information. All information is subject to change without notice, may become outdated, and will not be updated. A report, commentary, this website, interview, and other content reflect my personal opinions and views and nothing more. All content of this website is subject to international copyright protection and no part or portion of this website, report, commentary, interview, and other content may be altered, reproduced, copied, emailed, faxed, or distributed in any form without the express written consent of Andrew O’Donnell.

( Companies Mentioned: JUGR:TSX.V,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2018/07/18/the-unstoppable-force-in-british-columbia.html

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Gold Explorer’s Latest Drill Results Suggest Resource Expansion

Source: Streetwise Reports   07/17/2018

This Vancouver-based company hits high-grade oxide gold at Carlin Trend project in Nevada.

Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) reported new “exceptional” drill results that “confirm that the Dark Star deposit may be emerging as a major Carlin gold occurrence where a larger-than-expected Ridgeline fault system has played a significant role in concentrating higher grade gold,” according to the news release. Dark Star is located on Gold Standard’s Pinion-Railroad project in Nevada.

The company announced the results of 19 reverse circulation holes. Three of them, DR18-43, -44 and -45, showed thick, high-grade, oxide gold intercepts that are open at depth.

Specifically, DR18-43 intersected 213.4 meters (213.4m) of 2.39 grams per ton (2.39 g/t) gold (Au), including two higher-grade zones of 41.2m of 5.79 g/t Au and 10.7m of 7.75 g/t Au. The extension of this mineralization at both ends exceeded predictions.

DR18-44 hit multiple zones of oxide mineralization, including 62.5m of 1.22 g/t Au, along with 137.2m of 2.72 g/t Au, including 15.2m of 7.84 g/t Au and 30.5m of 4.68 g/t Au. These results also surpassed expectations with higher grades and thicknesses.

DR18-45 intersected 132.6m of 1.09 g/t Au, including two higher-grade zones of 12.2m of 2.3 g/t Au and 12.2m of 3.56 g/t Au.

Additionally, the northernmost hole, DR18-37, hit two near-surface zones of oxide mineralization, including 30.5m of 0.34 g/t Au and 62.5m of 0.35 g/t Au. These intercepts are of higher grade and thickness than anticipated. Mineralization remains open to the north.

Twelve drill holes in the northern part of Dark Star ended in gold mineralization below that in the resource model and, thus, potentially indicate the resource could be expanded.

“To date, drilling has not yet established a bottom to higher-grade gold zones located proximal to the Ridgeline fault where the gold system remains open to the north, west and at depth,” said Steven Koehler, manager of projects. “This openness represents exciting growth potential and these new opportunities will be a focus of drilling later this summer.”

Want to read more Gold Report interviews like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent interviews with industry analysts and commentators, visit our Streetwise Interviews page.

 

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Gold Standard Ventures. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

( Companies Mentioned: GSV:TSX.V; GSV:NYSE,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2018/07/17/gold-explorers-latest-drill-results-suggest-resource-expansion.html

Gold Explorer Expands Land Position at Peru Project

Source: Streetwise Reports   07/17/2018

This company advances work toward making a significant gold discovery.

Palamina Corp. (PA:TSX.V; PLMNF:OTC.MKTS) has finished additional staking to boost its application and mining exploration rights to 18,900 hectares in the Bendi gold project in southern Peru. “Palamina continues to focus on acquiring and securing exploration mining rights to district-scale gold projects within the Puno Orogenic Gold Belt with a view to ‘shadow of headframe’ exploration where no headframe exists,” said President Andrew Thomson, adding that the ultimate goal is “making a major gold discovery.”

The company concentrated its efforts on the Mantos and Carol gold anomalies that are associated with district-scale structures and that it had identified via field work.

Mantos is 150 meters long by 50 meters wide and is open ended. It is associated with a “greater than 7 kilometer-long, thrust-related shear zone occurring subparallel to the Benditani mine structure,” the news release indicated. Chip samples from Mantos showed gold grades of 25.4 and 9.9 grams per ton. The primary target of mineralization at Mantos appears to host quartz veins and veinlets.

Carol is 2.5 kilometers long by up to 30 meters wide and also is open ended. It is located along a “greater than 15 kilometer-long, subparallel northwest striking structural corridor developed in the core of an anticline,” per the news release. Chip samples from Carol returned 4 meters grading 0.25 grams per ton gold.

To follow up, Palamina is conducting further geochemical rock channel sampling, results of which are anticipated around mid-August.

Want to read more Gold Report interviews like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent interviews with industry analysts and commentators, visit our Streetwise Interviews page.

 

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Palamina Corp. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Palamina Corp., a company mentioned in this article.

( Companies Mentioned: PA:TSX.V; PLMNF:OTC.MKTS,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2018/07/17/gold-explorer-expands-land-position-at-peru-project.html

Large Streaming Company Acquires Gold and Palladium Stream

Source: Streetwise Reports   07/17/2018

Company president sees this stream as a foundational asset.

Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE) recently announced that its subsidiary, Wheaton Precious Metals International Ltd., has agreed to acquire an amount of gold and palladium equal to a fixed percentage of production from the Stillwater and East Boulder mines, from Sibanye Gold Ltd.

“What mainly attracted us to this opportunity was the quality and size of the J-M Reef deposit, coupled with the ongoing expansion at the Blitz Project. There are over 12 kilometres of undeveloped mineralization associated with the J-M Reef between the two currently producing mines. With a mine life extending well into the foreseeable future, we believe Stillwater will be one of Wheaton’s foundational assets for many years to come,” said Randy Smallwood, the president and CEO of Wheaton.

Upfront cash consideration of US$500 million will be paid upon closing of the precious metals stream by Wheaton International to Sibanye-Stillwater. Additionally, “Wheaton will make ongoing payments equal to 18% of the spot gold price and spot palladium price until the reduction of the advanced payment to nil, and 22% of the spot gold price and spot palladium price thereafter.”

For the life of the mine, Wheaton International will receive an amount of gold equal to 100% of the Stillwater gold production. In addition, “Wheaton International will initially receive an amount of palladium equal to 4.5% of Stillwater palladium production, decreasing to 2.25% and then 1% based on defined delivery thresholds, for the life of mine.”

Wheaton’s estimated Proven and Probable gold reserves increase by 410,000 ounces (410 Koz) and Inferred gold resources increase by 920 Koz following the acquisition completion. Production is forecast to average approximately 14.5 Koz of gold and 29 Koz of palladium per year, or approximately 37 Koz of gold equivalent per year, for the 10 years beginning in 2019.

The largest primary producer of platinum group metals outside of South Africa and the Russian Federation, Stillwater is located in Montana.

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Disclosure:
1) Jake Richardson compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Wheaton Precious Metals. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Wheaton Precious Metals, a company mentioned in this article.

( Companies Mentioned: WPM:TSX; WPM:NYSE,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2018/07/17/large-streaming-company-acquires-gold-and-palladium-stream.html

Gold Miner Reports Progress at Forrest Kerr Property

Source: Streetwise Reports   07/17/2018

This company’s 2018 exploration and drill program shows progress in British Columbia.

Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) recently announced that the first five holes drilled at the high grade North Boundary Zone in the 23,000-hectare Forrest Kerr Gold Property located in British Columbia’s Golden Triangle region have encountered mineralization. Consequently, the drill core was sent to the assay labs and final geochemical assays are pending.

Within each hole, several fault and shear zones were encountered. Because of these encounters, the company estimated it is likely they host Au-Ag-Cu mineralization. Additionally, it is known that gold-silver-copper in rock and soil anomalies that span in excess of 2 km by 4 km are in this area of the Forrest Kerr Property.

“Notable regional discoveries by Pretium, GT Gold, Garibaldi Resources and others have illustrated the significant discovery upside remaining in the district and we are confident in the potential at Forrest Kerr given the newly discovered and historic high-grade mineralization there as well as the numerous untested gold-in-soil anomalies present,” said the company’s president and CEO, Jim Pettit.

Furthermore, within the 23,000-hectare property area, Aben currently owns certain mineral tenures outright, and it has the exclusive right to a 100% interest there, due to agreements with a variety of third parties.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Jake Richardson compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Aben Resources and Pretium Resources. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Aben Resources and Pretium Resources, companies mentioned in this article.

( Companies Mentioned: ABN:TSX.V; ABNAF:OTCQB,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2018/07/17/gold-miner-reports-progress-at-forrest-kerr-property.html

Base ‘Mettle’ Needed

Source: Michael J. Ballanger for Streetwise Reports   07/17/2018

Precious metals expert Michael Ballanger discusses movements in the base metals sector, as well as in precious metals.

met·tle [ˈmedl] NOUN
“a person’s ability to cope well with difficulties or to face a demanding situation in a spirited and resilient way.”

My beloved Fido is an awesome pet and one truly remarkable canine. Not only is he as strong as a bull, great with children, highly protective and unwaveringly obedient, he is also able to disembowel toy giraffes and imitation grizzly bears with wondrous aplomb and frightening fervor. As a particularly hectic three days had passed without the pleasure of his company, I asked my patience-of-Jobe partner where he might be hiding, given that I thought I had weaned him off the irritating habit of hiding under the tool shed every time I embark on one of my vitriolic tirades complete with soaring desk adornments and tumbling furniture. I had just completed an exceedingly unsightly excavation of the sub-toolshed cavern in search of my fine canine when I was reminded that the trusty lad went missing on July 5th, a day which saw trade war fears torpedo “all things metal” and slam energy and grains but MAGICALLY allow for sharp gains in stocks.

What happened that morning was that after the desk lamp went flying into the “wild blue,” I allegedly grabbed a family heirloom given to me by a distant American cousin and attempted to use it as a weapon. You see, my cousin barely survived the Mount St. Helens volcanic eruption that literally obliterated the mountain and everyone living on it. My cousin had sent me a memento, which was a glass ball with water and a small imitation town named St. Helens that, when you shook it, rained down volcanic ash in the same manner that those Christmas snow globes create the semblance of a snowfall. In a moment of ill-timed outrage, I imagined the “volcano globe” as a five-pin bowling ball and proceeded to hum it down the hallway at what appeared to be five decorative pink flamingos closely resembling bowling pins. At the very last moment, the flamingos revealed themselves as Fido’s legs prompting a screeching, “Fido JUMP!” Barely missing the barreling ball, Fido raced from the room and the house and, most importantly, my VILE presence, never to be heard from nor seen ever again. Meanwhile the speeding orb slammed into the door jamb and exploded into a shower of glass, water, imitation post office and general stores and a disgusting film of “real Mount St. Helens ash” all over the just-washed kitchen floor. Needless to say, I was, for the remainder of the day, persona non grata in the eyes and minds of both the canine and non-canine inhabitants of our humble abode.

Now as upset as I was at losing the volcano globe, I could not have been nearly as upset as the zinc zealots and copper cowboys that are now bleeding from the eye sockets from their unwavering and unconscionable worship of the “base metals trade” all based on inflationary expectations and global growth. What they forget is that by the time they are discussing the fundamentals for ANY trade in an internet forum, the guys that convinced you to buy (that make a living off driving volume) have sold. They are gone; they have vamoosed; they and the King have LEFT THE BUILDING. You, in your undying loyalty to the now-dated ownership rationale, are left holding a very large and very empty bag. I could cite more than a few examples of this but there is none more glaring than Noront Resources back in 2009 that was “THE NEXT COMING OF VOISEY’S BAY!!!!” I recall IBK Capital Founder Bill White holding the Jacquie McNish book on Bob Friedland and the Voisey’s Bay nickel discovery over his head urging some 200 attendees to “BUY THIS BOOK!” or miss out forever! Well, Noront is now at $0.36 after hitting an all-time high north of $7.00 in 2010.

Prominent fund managers took massive losses on Noront and then a small group of them actually removed management after the stock peaked at $7.25. It was one of the most masterful mining promotions to ever grace the hallowed halls of Bay Street, and it made a lot of the early speculators fortunes while those that continued to echo the “next Voisey’s Bay” meme were crushed. And that is exactly how the much-daunted “Trump Inflation Trade” has been replaced with the “Trump Trade War Dump” while all of the base metal bag holders continue to echo the very old and very stale “global demand/supply tightness” mantra all the way down from copper $3.30/lb to the very painful $2.76/lb. Classic…

Copper is down 15.3% from $3.30/lb a month ago and sits a snick above $2.80. Zinc is down 19.49% in the same period while lead is down a paltry 11.1% over the same period. These are ONE-MONTH hits and they are wreaking havoc on managed money P&L’s “Business First!” hero, Donald J. Trump, has brought all of this on with his bellicose attitude toward literally every country on the planet. “If ya’a ain’t WIF me, ya mus’ be AGIN me!” is the mantra carried into battle by this self-proclaimed “swamp drainer” and he is certainly proving it with his anti-China bellicosity. For a man whose business endeavors have included more than his share of bankruptcy filings, DJT is playing a high stakes game of poker with the one country that holds all of the ink that winds up on the cards.

I was in a small touristy-type shop on Frying Pan Island in western Georgian Bay yesterday and there was an $80 sweatshirt with the marina’s name on it that was tagged “Made in China” that you could buy in any Dollarama for under $10. If DJT isn’t careful, the Chinese might decide to sabotage the beloved NYSE by dumping massive amounts of treasuries into an already illiquid market, triggering similar moves by overly leveraged longs in both bonds and stocks. The central bankers have had an easy time maintaining the chokehold headlock on gold and silver because they are relatively puny markets, in terms of order flow. However, when you throw base metals volatility at them as a first barrage followed by a collapsing bond market, the equity markets will be thrown about like corks in an Indian monsoon.

Since I began studying global debt levels back in 1972, I was consistently assuming that the constant buildup of debt and public sector entitlement would eventually result in a default reset that would repudiate paper and revalue gold on the basis of its collateralization utility. If I am Italy and I am a borrower of private capital, I must have gold to sanctify the purchasing power of the currency. If I am the United States and I need to maintain my role as provider of the global “reserve currency,” then I must demonstrate that my currency sanctifies the pricing structure for gold. The disconnect arrives courtesy of the paper markets, where derivative contracts are used as tools designed to disrupt and discourage trends that dishearten the bulls and accentuate trends that deflate the bears. This is the world in which we live today.

To say that we gold and silver investors have needed copious amounts of “ability to cope well with difficulties or to face a demanding situation in a spirited and resilient way” is at once nothing short of understatement. The conditions in the global debt arena carry hugely bullish overtones for the fundamentals for gold and silver (and the PGM complex) but those very same conditions carry ambiguous overtones for the pricing structure for gold and silver. I will explain: You cannot confuse bullish “FUNDAMENTALS” with bullish “PRICE POTENTIAL.” Global gold production has zero bearing on investment demand and global demand has zero bearing on pricing. The only thing that affects the price of the precious metals is the edicts handed down by the price managers manning the bullion bank trading desks across the globe. Period.

One glance at the chart posted above evokes a number of emotional responses: 1. Shock 2. Revulsion 3. Embarrassment and, (finally) 4. Disgust. All four responses are classified as synonymous with similar emotions seen at every market BOTTOM and I am fully aware that a great many blogsters and markets commentators are quick to point to the dreadful sentiment so prevalent out there as noted in a recent Financial Post OP-ED that said that Bay Street financings for mining-related issues was $21 million as at end-of-June 2018 versus $830 million at the same period last year. Dreadful “sentiment readings” are great attractions for those who prefer to buy cheap and await more favorable conditions in which to dump their holdings into the salivating mouths of the trend-chasing algobots, but those sentiment indicators were flashing “BUY” signals a month ago with RSI at 27 and yet prices continued to plummet. I bought a 50% position in the GLS July calls and will undoubtedly see them expire this Friday but keep in mind that my major position for 2018 is the GTSR (gold-to-silver ratio) in which I placed 70% of my trading portfolio in April at 82.70 and which now resides at 78.40. Betting that silver would outperform gold from an above-80 level seemed like a good idea back in April when everyone was strutting their stuff about a gold “breakout” at $1,375 being “imminent.” It wasn’t. I shorted gold and hedged it with an equivalent silver long position and now I am alive—not RICH, but at the very least, alive.

The number one junior exploration issue in my portfolio in terms of size and expectations in January 2017 was Canuc Resources Corp. (CDA:TSX.V)(C$0.18), which we (my friends and I) financed at $0.10 in 2015–2017 and then added to during the RTO at $0.25; it resides today at $0.18, which means it is modestly positive despite one horrific first-half 2018 for the vast majority of junior exploration issues. Stakeholder Gold Corp. (SRC:TSX.V)(C$0.105) has been a different story, touching a multi-year low today at $0.105 despite a superb share structure and highly prospective land positions in Canada’s Yukon Territories and the Carlin/Nevada Rift/Getchell trends. It has been agonizing trying to decide whether or not to move ahead and drill the Goldstorm project, given its proximity to Seabridge Gold Inc.’s (SEA:TSX; SA:NYSE.MKT) Snowstorm property located adjacent to and abutting Stakeholder to the northwest. However, when I spoke to Seabridge early last year, they were talking about a $25-million-plus drill program and in this putrid gold exploration market, the new plan is as such a mere $1.35 million:

Seabridge Chairman and CEO Rudi Fronk said: “Peak gold is the new reality in the gold business with reserves now being mined much faster than they are being replaced. Our industry is hungry for large discoveries and our exploration team’s success in finding gold resources over the past 15 years has been second to none. Although it has its challenges, Snowstorm is uniquely qualified to host a discovery that adds significant value for our shareholders, which is why we took it on,” said Fronk. “We are excited by the potential at Snowstorm. To have this much land in such a prospective location with this much data is a rare opportunity. Our initial focus on Getchell-style targets reflects the great value of these deposits which historically tend to be higher grade. Refining the most prospective stratigraphy with the best structural information should generate several drillable targets later this year. Although we are anxious to begin drilling, this background work needs to be completed first to give us the best chance of early success,” Fronk continued.

Stakeholder is located closer to the Midas and Hollister mines, which were indeed the initial evidence of these extremely high-grade gold mines in the vicinity of the Goldstorm property, so the dilemma that I face as an investor is this: With the enviable share structure (23 million shares issued), do I invest here to add to my holdings? If it does a $0.10 financing to adequately fund a Goldstorm exploration program, and it were to match Seabridge’s $1.35 million program, SRC would issue 10.35 million new shares with an additional 5.175 million new warrants with the new fully diluted capital at roughly 40 million shares issued (warrants but not directors’ options included). As a shareholder, I am torn between my innate optimism over the gold price outlook and the sad state of the junior exploration space as to what the correct move will be for SRC management to ponder.

If precious metals continue to decline, nothing will change investor appetites for discoveries. On the other hand, if a non-mining business venture materialized, the excellent share structure could make SRC an excellent candidate for an RTO or rebranding into a venture deemed worthy of millennial or Gen-X-er investment dollars. Bottom line: As painful as it is to watch SRC fade into these listless summer mining markets, to do anything dilutive would be madness especially if it is exploration and gold/silver-centric. I will await better markets in order to proceed.

As to the gold price, in mid-late-June I wrote that I was opening a modest 50% position in the GLD July calls as RSI (relative strength index) had dipped under 30, a level deemed oversold and from which gold had rallied on numerous occasions. Two weeks later, the RSI is back at 25.88 but gold is trading at $1,228, a solid $42 below where it was in June. The RSI readings are normally decent lead indicators for timing gold’s turning points but obviously this is one of the few times it has failed me. Mind you, if we get the seasonal strength for gold that is the July–December period, being a couple of weeks early won’t be a disaster but it WILL be a disaster if I fail to add to my holdings. This is the second day of the down move for the RSI under 30 so with the current print of 25.88, there might be another day or two of weakness so I’ll buy 25% tomorrow and scale into the GLD October $120 calls starting at $1.30. October should be enough time to allow for a significant upward move and one which includes the month of September, seasonally the strongest month of the year for gold, falling into the Indian Diwali wedding season and the restocking of inventories for the Italian jewellery trade preparing for Christmas.

At the risk of resembling the hands of a broken clock and their twice-per-day accuracy record, I continue to call for a significant advance in the precious metals to kick off in this month of July. Based upon sentiment, gold stock resiliency, seasonality, and my forty-plus years as a gold investor, all of the stars are aligned for rally of majestic proportions. While I can’t yet identify the catalyst, sometimes price alone becomes the spark and with Large Specs starting to really lean on the short side, there is a lot of very dry timber awaiting that spark.

Originally trained during the inflationary 1970s, Michael Ballanger is a graduate of Saint Louis University where he earned a Bachelor of Science in finance and a Bachelor of Art in marketing before completing post-graduate work at the Wharton School of Finance. With more than 30 years of experience as a junior mining and exploration specialist, as well as a solid background in corporate finance, Ballanger’s adherence to the concept of “Hard Assets” allows him to focus the practice on selecting opportunities in the global resource sector with emphasis on the precious metals exploration and development sector. Ballanger takes great pleasure in visiting mineral properties around the globe in the never-ending hunt for early-stage opportunities.

Want to read more Gold Report interviews like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent interviews with industry analysts and commentators, visit our Streetwise Interviews page.

 

Disclosure:
1) Michael J. Ballanger: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Stakeholder and Canuc. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies referred to in this article: Stakeholder and Canuc. I determined which companies would be included in this article based on my research and understanding of the sector. Additional disclosures are below.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Seabridge Gold. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Canuc Resources and Stakeholder Gold, companies mentioned in this article.

 

Charts courtesy of Michael Ballanger.

 

Michael Ballanger Disclaimer:
This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.

( Companies Mentioned: CDA:TSX.V,
SRC:TSX.V,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2018/07/17/base-mettle-needed.html

‘Best-in-Class Copper Story’ Inks Deal with Indonesia

Source: Streetwise Reports   07/16/2018

A CIBC report discussed the terms and implications of the agreement.

In a July 13, 2018, research note, CIBC analyst Oscar Cabrera reported that Freeport-McMoRan Inc. (FCX:NYSE) entered a nonbinding agreement with state-owned PT Indonesia Asahan Aluminium (INALUM) and Rio Tinto regarding the Grasberg joint venture (JV) project in Indonesia.

Upon closing of the transaction, expected in the second half of 2018, PT Freeport Indonesia will own 60% of Grasberg, and INALUM will own the remaining 40%, after 2022. “The successful closing of the Grasberg transaction should close the price:net asset value gap to peers,” Cabrera added, referencing Freeport McMoRan.

The analyst provided the agreement’s terms, which are:

  1. INALUM would acquire Rio Tinto’s 40% interest in the Grasberg JV for $3.5 billion. (Rio Tinto is PT Freeport Indonesia’s JV partner in Grasberg. PT Freeport Indonesia is a subsidiary of Freeport-McMoRan.)
  2. INALUM would acquire 100% of Freeport McMoRan’s interest in PT Indocopper Investama for $350 million. (PT Indocopper owns 9.36% of PT Freeport Indonesia). On closing of the transaction, INALUM would own ~51% of PT Freeport Indonesia, and Freeport McMoRan would own ~49%.
  3. Rio Tinto “would forego to Freeport [McMoRan]” an amount equal to the former’s share of JV cash flows received between Jan. 1, 2018, and the deal’s closing.

Cabrera noted for the deal to go through that PT Freeport Indonesia’s mining rights need to be extended through 2041. Shareholders need to develop and agree on an arrangement for Freeport’s continuing management of PT Freeport Indonesia’s operations. Also, environmental regulatory issues need resolving.

Upcoming catalysts for Freeport-McMoRan, indicated Cabrera, include a rising copper price, a successful closing of the Grasberg transaction, “a potential special dividend and/or share buyback by the end of 2018 and execution of the Lone Star development project over the next 18 months.”

As for Freeport generally, Cabrera asserted, “We continue to consider Freeport as the best-in-class North American copper miner.” CIBC maintained its Outperformer rating and $20 per share price target on the copper miner, whose stock is trading today at around $16.77 per share.

Want to read more Energy Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Disclosures from CIBC, Freeport McMoRan Inc., July 13, 2018

Analyst Certification:
Each CIBC World Markets Corp./Inc. research analyst named on the front page of this research report, or at the beginning of any subsection hereof, hereby certifies that (i) the recommendations and opinions expressed herein accurately reflect such research analyst’s personal views about the company and securities that are the subject of this report and all other companies and securities mentioned in this report that are covered by such research analyst and (ii) no part of the research analyst’s compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by such research analyst in this report.

Analysts employed outside the U.S. are not registered as research analysts with FINRA. These analysts may not be associated persons of CIBC World Markets Corp. and therefore may not be subject to FINRA Rule 2241 restrictions on communications with a subject company, public appearances and trading securities held by a research analyst account.

Potential Conflicts of Interest:
Equity research analysts employed by CIBC World Markets Corp./Inc. are compensated from revenues generated by various CIBC World Markets Corp./Inc. businesses, including the CIBC World Markets Investment Banking Department. Research analysts do not receive compensation based upon revenues from specific investment banking transactions. CIBC World Markets Corp./Inc. generally prohibits any research analyst and any member of his or her household from executing trades in the securities of a company that such research analyst covers.
Additionally, CIBC World Markets Corp./Inc. generally prohibits any research analyst from serving as an officer, director or advisory board member of a company that such analyst covers.

In addition to 1% ownership positions in covered companies that are required to be specifically disclosed in this report, CIBC World Markets Corp./Inc. may have a long position of less than 1% or a short position or deal as principal in the securities discussed herein, related securities or in options, futures or other derivative instruments based thereon.

Recipients of this report are advised that any or all of the foregoing arrangements, as well as more specific disclosures set forth below, may at times give rise to potential conflicts of interest.

Important Disclosure Footnotes for Kirkland Lake Gold Ltd.

· CIBC World Markets Inc. expects to receive or intends to seek compensation for investment banking services from Freeport-McMoRan Inc. in the next 3 months.

( Companies Mentioned: FCX:NYSE,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2018/07/16/best-in-class-copper-story-inks-deal-with-indonesia.html