Explorer Agrees to Partner on Nevada Gold Project with OceanaGold

Source: Streetwise Reports   04/22/2019

This deal comes right before this year’s exploration season.

American Pacific Mining Corp. (USGD:CSE; USGDF:OTC) announced in a news release it entered into an agreement with OceanaGold U.S. Holdings Inc., allowing it to earn into its Tuscarora gold project in Nevada. OceanaGold U.S. Holdings Inc. is the U.S. subsidiary of the multinational OceanaGold Corp.

“For a company of our size, this transaction is a big milestone,” American Pacific’s CEO Warwick Smith said in the release.

According to the agreement, OceanaGold can earn up to 51% of the Tuscarora high-grade epithermal project by investing $4 million into it over the next four years. At that point, a joint venture management committee will be created. Also, OceanaGold may earn an additional 24% into Tuscarora by investing $6 million more over the following four years; the company has 60 days in which to exercise that option.

In addition, OceanaGold will pay American Pacific $50,000 upfront and $200,000 upon earning a 51% percent in Tuscarora, in both instances in cash or shares, whichever the payor prefers. OceanaGold will make all payments to holders of underlying property interests and for claim fees.

Whereas OceanaGold will be the operator of Tuscarora, both companies will work toward adding value to the project and identifying further drill targets on the expansive land package.

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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 three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of American Pacific Mining Corp., a company mentioned in this article.

( Companies Mentioned: USGD:CSE; USGDF:OTC,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2019/04/22/explorer-agrees-to-partner-on-nevada-gold-project-with-producer.html

Goodbye Goldcorp, Hello Newmont

Source: Adrian Day for Streetwise Reports   04/22/2019

Fund manager Adrian Day reviews the Goldcorp-Newmont merger as well as provides updates on a number of resource companies in his portfolio, including some that he sees as good buys.

Goldcorp has been acquired by Newmont Mining Corp. (NEM:NYSE, 33.04). Shareholders voted in favor of the acquisition, though it was disappointing that, notwithstanding all the noise about excessive payouts, when given the opportunity, few shareholders seem to care enough to use their vote.

Goldcorp shareholders receive 0.328 of a share of Newmont (as well as a final 2 cent dividend). As a final insult for Goldcorp shareholders, Newmont paid its shareholders an extra 88 cent bonus before the merger.

Better times ahead?

Though, as Goldcorp shareholders, we did not like the transaction, and do not see any synergies in the combination, now, as shareholders of the merged Newmont we are holding for now. There will be some overhead savings, and more importantly, Newmont may be able to improve performance at GG’s underperforming mines. Moreover, two of GG’s larger mines, Peñasquito and Éléonore, are turning and should see improved operations going forward in any event. Newmont will divest non-core mines, improving the balance sheet, though this process will take years. Lastly, if the gold price improves and generalist investors return to the gold space, Newmont will be a stock they look to. We are holding for now, though watching progress carefully.

Major miner invests in Midland

Midland Exploration Inc. (MD:TSX.V; 1.29) announced that the world’s largest mining company, BHP, has acquired 5% of Midland through a placement at C$1.70 per share, with warrants at $2.05 good for 18 months.

This is a great transaction, getting a well-respected shareholder, at a great price, but keeping dilution to a minimum. The investment comes after Midland’s polymetallic discovery at the Mythrill property in James Bay, where drilling is currently underway. BHP did not have access to non-public information in making the investment, so it says nothing about how the drilling is going. The investment will enable Midland to continue exploration at Mythril without bring in a partner and diluting its interest in the project, though this is the likely eventual conclusion. We do not think this investment in shares is the end of the story, and BHP may be interested in a joint venture or other alliance of one or more of Midland’s other projects.

The market response was muted, partly because BHP took only 5% of the shares; it is reported the company wanted a larger stake. More importantly, over 3 million shares from a flow-through financing came free-trading at precisely the same time, and participants in that were no doubt a significant part of the 2.1 million shares that traded since the news was announced (unfortunate timing, no doubt, but illustrative of my antipathy to flow-flow shares, where “investors” are often more interested in the tax write-off than the actual company whose shares they bought).

Be that as it may, it means investors still have the opportunity to buy Midland, at only a few pennies more than last week, but with the validation of a major mining company. Initial drilling results from Mythrill are expected in about four weeks. Midland remains a buy ahead of these results.

Much ado about nothing

Almaden Minerals Ltd. (AMM:TSX; AAU:NYSE, US$0.55) announced that a lower court in Mexico ruled that the country’s minerals title system was unconstitutional; the case involved claims originally held by Almaden. It is but one of multiple lawsuits in a concerted effort by unions, lefties and environmentalists to throw a spanner in the works of the mining industry in Mexico.

The “argument” of the suits is that Mexican law does not require consultation between the government and local groups before an initial title is granted. This is different from any mining permit, where extensive consultation is required. In this case, the claims subject to the lawsuit were granted many years ago to Almaden in full accordance with the law as is; there is no dispute about that. It is also important to note that the lawsuit claims that the government should consult with local people, and is not a commentary on Almaden’s extensive local consultation process. Moreover, the mineral claims in the lawsuit were voluntarily cancelled by Almaden in the normal course some years ago, while the current claims covering the Ixtaca deposit were not subject to the lawsuit. So other than a nuisance and potential poor publicity, it is a moot issue for Almaden. The fact that the stock price moved up after the company put out its release suggests the market agrees. Almaden, currently in the final permitting phase for its Ixtaca deposit, remains a buy on weakness for patient investors.

More significant that first appearances

Almaden spin-off Azucar Minerals Ltd. (AMZ:TSX.V; AXDDF:OTXQX, 0.35) hit a hypogene porphyry zone at the Raya Tembrillo target on its El Cobre property. This large zone of alterations with good copper grades is significant for several reasons. Eagerly anticipated drilling at this target last year was disappointing, but this latest result shows it has potential. Also, it is a distinct target from the heavily drilled Norte zone; there has been some criticism that the company has focused too much on this zone, suggesting to some that the size of the overall El Cobre is too small; this puts paid to that. And lastly, it brings the company closer to finding the porphyry center. Geologist and letter writer Eric Coffin put it this way: “this is the first indication that Azucar may have discovered the source mineralization for the supergene zone.” The significance of this hole goes beyond the actual grades.

Separately Newcrest, which a year ago invested $19 million for a 19.9% interest in Azucar, exercised its “top-up” rights to maintain it 19.9% interest. Though this was a tiny amount of money (less than C$20,000), the fact that it chose to purchase more shares is a signal that it continues to be interested in the property. Newcrest’s initial investment was intended to pay for a two-year drill program, though, given Azucar’s low drilling cost, sufficient funds remain for an additional two years plus. Azucar is a buy at this level, again for investors with a long-term view.

Financing, revenue, sale, production and more

Other developments: Lara Exploration Ltd. (LRA:TSX.V, 0.57) closed its $2 million financing; this puts it in a strong position to continue its exploration program at the newly discovered Itaituba Vanadium project in Brazil. It is a buy at the current level.

Altius Minerals Corp. (ALS:TSX.V, 13.14) said it expects record royalty revenue of $21.5 million (50 cents per share) for the quarter ending March 31st, an increase of 36% over the same quarter last year. Increased ownership of the Labrador Iron Ore Royalty Corp., as well as better potash, base metals and iron ore prices all contributed, allowing the company to increase its full-year guidance to $77–$81 million, an increase of around 14% on the previous forecast. Altius remains a core holding; we would wait for a pullback to add more, maybe to the mid-$12 range (though the value remains good at the current price).

Vista Gold Corp. (VGZ:NYSE.MKT; VGZ:TSX, US$0.61) reported additional positive metallurgical tests from the ore at its Mt. Todd property. Though Vista is significantly undervalued based on its ownership of Mt. Todd, we don’t see a rush to buy, and would add on significant weakness.

Yamana Gold Inc. (YRI:TSX; AUY:NYSE; YAU:LSE, US$2.23) sold its mostly copper Chapada Mine in Brazil to Lundin Mining. Though Lundin got the better of the deal, the $1 billion cash will enable Yamana to pay down its debt. Given the stock’s decline from $2.70 a week ago, it is likely oversold now, and good for a trade (though there could be further weakness to $2.10 or so).

Fortuna Silver Mines Inc. (FSM:NYSE; FVI:TSX; FVI:BVL; F4S:FSE, US$3.05) released first-quarter production results from its two existing mines, showing significant declines in gold and silver production, but increases in lead and zinc, with costs are both mines within annual guidance. Fortuna is a strong buy at this level.

Adrian Day, London-born and a graduate of the London School of Economics, heads the money management firm Adrian Day Asset Management, where he manages discretionary accounts in both global and resource areas. Day is also sub-adviser to the EuroPacific Gold Fund (EPGFX). His latest book is “Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks.”

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Disclosure:
1) Adrian Day: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Midland Exploration, Lara Exploration and Altius Minerals. 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. Funds controlled by Adrian Day Asset Management hold shares of the following companies mentioned in this article: Midland Exploration, Almaden Minerals, Azucar Minerals, Lara Exploration, Altius Minerals, Vista Gold, Yamana Gold, Fortuna Silver and Newmont Goldcorp. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. 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 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 three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports (including members of their household) own securities of Midland Exploration, Almaden Minerals, Azucar Minerals, Lara Exploration, Altius Minerals, Vista Gold, Fortuna Silver and Newmont Goldcorp, companies mentioned in this article.

( Companies Mentioned: AMM:TSX; AAU:NYSE,
ALS:TSX.V,
AMZ:TSX.V; AXDDF:OTXQX,
FSM:NYSE; FVI:TSX; FVI:BVL; F4S:FSE,
LRA:TSX.V,
MD:TSX.V,
NEM:NYSE,
VGZ:NYSE.MKT; VGZ:TSX,
YRI:TSX; AUY:NYSE; YAU:LSE,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2019/04/22/goodbye-goldcorp-hello-newmont.html

Keith Barron of Aurania Indicates Success with $100 Bills

Source: Bob Moriarty for Streetwise Reports   04/22/2019

Bob Moriarty of 321 Gold discusses what a move by the CEO of this explorer may signal for the company.

I wrote a book in January I called Basic Investing in Resource Stocks. So far it has the highest reviews I have ever seen on a book and I pretty much read a book a day. You can buy the Kindle version for $5.99. I priced it low so everyone can afford to buy it.

Someday I’m going to write the sequel to it. I’ll probably call it Advanced Investing in Resource Stocks. It’s going to be priced at $1000 for the Kindle version and a lot more for the print edition. It will be about five pages long.

I’ll do two pages listing the crooks, con men and idiots in the business that mine investors and another two pages for the people you want to invest with. And a title page, of course. You have to have a title page.

If you went to the racetrack and wanted to make some money but didn’t know anything about horses or the odds, there is actually an easy way to make money. If you are standing in a line with the rest of the punters and suddenly a tiny man wearing racing silks (or woman or transgender or whatever) pushes into the line in front of you and empties his wallets, signs over his last paycheck and hocks his gold Rolex and put it all on a bet for him to win his race, maybe you should bet with him. After all, he or she know a lot more about horseracing than you do. You don’t actually need to know anything to make a winning bet. You just need to know who does know something about the race and follow their lead. That’s why my next book is going to be both short and really expensive.

Aurania Resources Ltd. (ARU:TSX.V) just came out with an interesting press release announcing among other things, Keith Barron is loaning the company $4 million CAD for two years at 2% interest and the loan is unsecured by anything.

At first glance you might conclude Dr. Barron has lost his ever-loving mind. There isn’t anyone in the mining business that would loan $4 million CAD to a junior at 2% and not demand either higher interest (like 55%) or a whack of shares. As much as I love Barbara, I wouldn’t loan her money at 2%. Even love has limits.

But think for a moment. Keith is drilling the Lost Cities Project. He’s finished six holes so far but hasn’t gotten the assays back or announced any holes. Clearly he wants to do a lot more drilling than he has money allocated for.

Aurania is worth $105 million right now. Keith wouldn’t have any problem doing a financing. But if it did, he would have to expand the number of shares. Maybe since he is the biggest shareholder already he realizes that they are on to something really really big. Since he’s going to end up spending tens of millions of dollars defining a resource, he may was well wait for good results to come out and do a financing at a much higher price.

If Keith Barron pushes his way into the betting queue in front of you wearing racing silks and puts his whole paycheck on his horse to win, maybe he knows something you need to know. He won’t be a tiny man, however, he’s sort of a chunky monkey.

Insiders will always know far more than you will. You don’t need to know anything more than how they are betting.

Aurania is an advertiser. I have bought shares in the open market and participated in two private placements. Do your own due diligence.

Aurania Resources
ARU-V $3.75 (Apr 18, 2019)
AUIAF-OTCQB 32.9 million shares
Aurania Resources website.

Bob and Barb Moriarty brought 321gold.com to the Internet almost 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

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Disclosure:
1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Aurania Resources. My company has a financial relationship with the following companies mentioned in this article: Aurania Resources is an advertiser on 321 Gold. 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 three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

( Companies Mentioned: ARU:TSX.V,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2019/04/22/keith-barron-of-aurania-indicates-success-with-100-bills.html

Masochism and the Average Gold Investor

Source: Michael J. Ballanger for Streetwise Reports   04/22/2019

Sector expert Michael Ballanger discusses generational attitudes toward investing and how they are affecting the precious metals markets.

Masochism: “gratified by pain, degradation, deprivation, etc., inflicted on oneself either by one’s own actions or the actions of others.”

On Friday afternoon, I completed my weekly missive, which was composed of a detailed analysis of just how magnificently Barrick Gold Corp. (GOLD:US) had been used by the interventionalists to manipulate the ARCA NYSE Gold Bugs Index (HUI:US), all of the big ETFs (GDX, GDXJ, NUGT, JNUG) and ultimately, the prices for gold and silver. Then suddenly, with little warning, I had an epiphany. Not only was the nine hours of work a complete and total waste of time, it suddenly occurred to me that a forty-year career spent nurturing a belief system anchored in the bygone days of Bretton Woods might just have been an exercise in redundancy and cognitive dissonance.

As if driven to reveal a hidden secret for all the world to see, I have carried an unalterable obsession with the notion that sound money principles would, in the end, return to prominence and in fact become seriously entrenched in the practices of governments around the world with gold and, to a lesser degree, silver acting as key components of a fiscal and monetary renaissance. Alas, as the Baby Boom generation fades away into old age and irrelevancy, it is at once both sad and obvious that the new wave of Gen-Xers and Millennials and Echoboomers have determined that there is little or no validity to the concept of sound money and have therefore rendered gold and silver, as monetary and fiscal canaries in the Modern Monetary Theory coal mine, as irrelevant and from an investment standpoint, useless.

I have on average about 200 conversations per week with investors from all over the spectrum in terms of age, wealth, nationality and interests. I normally make notes of the discussions, a fallback to my days as a financial advisor, long before email replaced notes as the proof-bearer of action and intent. What I found astounding is that all discussions pertaining to cannabis, social media, technology, or the future direction of the S&P500 lasted greater than fifteen minutes. Metals and mining conversations, including gold and silver, tended to be less than seven minutes and chats related to junior mining and exploration were less than three minutes with many instances of “subject changed” or “I gotta go.”

Now, as a fervent addict to the thrill of new mineral discoveries (“There ain’t no fever like gold fever!”), I have recently begun to feel like the heroin addict searching through life for that rush of euphoria that arrived long ago with that first hypodermic injection but the reality is that the new generation of investors found their hypodermic adrenalin in the form of technology stocks, then crypto, and finally and more recently, weed.

My friend James West was a gold and mining newsletter writer back in 2010 with the first promotional piece for Tinka Resources Ltd. but has since evolved into the foremost authority on cannabis and is enjoying a thriving if not booming career renaissance (and it couldn’t happen to a nicer man). The remaining advocates for investment in precious metals and the related mining and exploration shares are in effect living a life “gratified by pain, degradation, deprivation, etc., inflicted on oneself either by one’s own actions or the actions of others.” In other words, they are practicing a form of masochism.

Take the last two companies that I have referenced in this missive, Getchell Gold Corp. (GTCH:CSE) and Western Uranium & Vanadium Corp. (WUC:CSE; WSTRF:OTCQX). GTCH is currently raising money and while it is going surprisingly well, it has not been an easy raise, what with the dismal action in metal prices since mid-February. WUC, however, began its US$2 million raise three weeks ago and Tuesday announced that it was significantly oversubscribed and in fact came in just under the full exercising of the 50% over-allotment option. This was a terrific development for the company but what surprised me greatly was the investor reaction to uranium and vanadium that was so diametrically different than the reaction to exploration for gold and silver in the most prolific precious metals environment in North America. The average investor “gets it” when you talk about the uranium (and vanadium) outlook but they stare at you with glazed-over eyes when you try to describe how Barrick Gold went from $1.80 to $3,300 per share from its activities in Nevada in the 1982–2010 period.

Here is yet another example of life in the isolated world of sound money advocacy. I was recently introduced to a private start-up company (that shall remain nameless, at least for now) and suffice it to say, the best description is that it is a type of “Facebook for Cannabis users.” I had the pleasure of meeting over lunch with the 30-year-old Millennial female, exceedingly well trained and very well spoken, with a Master Grower’s License and an MBA from the Ivey School, a couple of weeks ago after which I was asked to offer consulting advice in the area of capital markets related to financing. She asked me if I could assist the company in finding a few investors to participate in its seed round and while I won’t mention the amount, I proceeded to call an accountant friend that uses me for feedback on mining investments. This very successful fellow has over the past ten years had his fingers in major real estate deals and crypto deals but also in the early-stage cannabis deals such as Canopy, so with that knowledge, I decided to ask him to assess this new non-mining venture as more of an “acid test” than anything else.

I described the deal as best I could, which was totally lame given my total ignorance of anything related to social media or weed. His reply after perhaps three minutes on the phone was “How much as you trying to raise again?” and after I told him (it was north of six figures), he said “I’ll take it all,” at which I choked on the phone and I said would get back to him shortly. I then proceeded to call a very successful realtor I know and I got precisely the same result. “I’ll take it all. Send me the forms.” I then proceeded to make seven additional calls and got seven additional “I’ll take it all.” responses. The point here is that I could work for a month to set up the best mining deal in the world and it would take another month or two to finance it but if it is anything related to the Millennial checklist of “suitable investments” (which include social media, cannabis, artificial intelligence and blockchain) four phone calls and it is done. Now, the contrarians would tell me that it is a sign of a “classic top” but the reality is that for the past decade, investors have been rewarded by buying more of “what is working” and selling “what isn’t.” Pot deals have been working but more importantly, mining deals, by and large, have not.

So, when I use the term “masochism” to describe the behavioral quirks of the average gold investor, the term “glutton for punishment” comes leaping into the forefront. To be constantly searching for that drill hole in the sky or the ultimate ascendancy of gold to $10,000 per ounce as all politicians, regulators and bankers disappear into a vaporous hole of failure and disgrace is not only unwise, it verges on Einstein’s description of madness: repeating the same behavior over and over for the same negative outcome.

Over the years, I have been asked hundreds if not thousands of times “What would take gold to $10,000 per ounce?” and I always reply with the same conclusion: “When the USS Nimitz pulls into Gibraltar for a re-fit and they refuse the credit card.” The American Empire dominates the world; the American “dream” is force fed around the globe; and the American monetary experiment has been duplicated by central banks everywhere to the extent that the Bank of Japan will soon own over 50% of the Nikkei and the Swiss National Bank owns $87.5 billion worth of U.S. stocks bought with money it printed out of thin air. Back in the days before the internet, the mere thought of a central bank dabbling in stocks evoked shrieks of horror; stocks were for gamblers and bonds and bills were for serious, prudent investors. Back in the day, counterfeiting was considered a crime and neither citizens OR central banks were allowed to do it. How times have changed…

While the average American sees little benefit to owning gold, domestic prices in Australia, Turkey, Russia and India have recently approached or surpassed their one-year highs. Only the U.S. and China (pegged the USD) have stayed at or near the levels of 2011. From the numerous charts posted below, it clearly demonstrates gold’s utility as a protector of purchasing power, particularly in countries such as Turkey that have experienced sever currency crises. The point here is that gold actually has fulfilled its role as a safe haven in all countries across the globe except two: the U.S. and China. The U.S. vigorously defends its currency versus gold and China has a USD peg on the yuan and yet, the two countries are diametrically opposite in their actions. China has been a voracious buyer of gold and seller of U.S. treasuries while the U.S. has done the opposite.


Canada gold price


Australia gold price


Russia gold price


Turkey gold price


India gold price


China gold price


U.S. gold price

The name of my publication was changed last year from “Gold and Gold Miners” to GGM Advisory for one very simple reason: relevancy. If actuarial tables conclude that the Baby Boom population is a rapidly shrinking demographic, if studies of investment demand confirm that the new generations of investors are decidedly ambivalent (if not hostile) to gold and silver investment, and if regulators and exchange officials continue to condone and indeed endorse continued price suppression, then waiting for the USS Nimitz to become a disabled, unpowered relic leading to a moon rocket in metals and miners could become a very, very long exercise. Most of us that are in or are approaching retirement don’t have the luxury of time on our sides to await the arrival of that one singular event that justifies twenty or thirty years of holding on to the precious metals while the S&P 500, the NASDAQ, cryptocurrencies and weed make millionaires out of 30-something messiahs too young to remember the bursting of the dotcom bubble and in some cases, the 2008 subprime meltdown.

Since 2009, we have had numerous events that should have been the moment where gold and silver emerged as the “Go-To” asset class with the most recent being last Christmas Eve when the S&P closed in bear market territory while gold was screaming higher. With the flick of a switch, Treasury Secretary Smilin’ Stevie Mnuchin stepped up and called upon the Working Group on Capital Markets to put a stop to the crash in stocks and since February 20th, every gold rally has been stomped out with intervention after intervention while every dip in the NASDAQ has been magically supported.

It is the same narrative whether 2001 or 2008 or 2018: rigging stock markets are essentially this decade’s version of Roosevelt’s “New Deal” back in the 1930s. Instead of building roads and dams, the policy-makers today build nothing except moral hazard and a generation of the “Entitled.” It is a dangerous precedent and one which cannot last but the problem for us is that is HAS lasted a great deal longer than we might ever have imagined and there is nothing near-term to suggest that the Great American Ponzi Scheme cannot continue.

All right, now that I have concluded my rant on the madness being inflicted upon us, I have a couple of observations to make about gold. Earlier last week, I was looking at GLD wondering whether my GLD May $124 puts might hit $5.00 before the end of the week and then it occurred to me that my “Line in the Sand” at the prior lows of $1,282 and the subsequent “breakDOWN” was no different in its blatancy than the “breakOUT” in Barrick. So, I pulled up the GLD chart and lo and behold, while the sub-30 level for RSI sported two super buying opportunities in 2018, it has not been much under 35 in all of 2019 thus far.

Now, notwithstanding that the stock markets are getting somewhat stretched, I have to respect two things: 1) the dotted red line in the RSI window in the chart below and 2) that only in the perverse world of precious metals are technical “breakdowns” to be BOUGHT while technical “breakouts to be SOLD. Therefore, I have covered all of my shorts in both gold and the mining shares and initiated 50% long positions in JNUG, NUGT and the GLD June $120 calls. The chart below pretty much says all that is needed: we are at an inflection point that represented tradeable bottoms in mid-November and early March.

As a final observation (which could also be seen as a “confession” of sorts), I use my own behavior as a market barometer and with the benefit of time and age, I always go back and re-read my missives because they give me a sense of perspective on markets in the same way Anne Frank’s diary provided perspective of a different time and place. Both diaries are extremely personal but both give the reader a wonderful window into the mindset of an era.

My entries from the week of October 19, 1987, revealed a relatively young financial advisor (34) coping with the total destruction of client assets, and to go back and re-visit the emotions contained in the words and syntax is still to this day painful. Anyone reading the diary of a young girl trying to avoid extermination is emotionally impacted far greater than by the musings of a stressed stockbroker but both messages allow reflection. I carry the utmost of conviction that sound money principles will prevail and I promise that I won’t go into a seventeen-paragraph repetitive blather as to “WHY?” but if people are going to listen to what I have to say, I have to provide “actionable ideas” that carry logic, excitement, and weight.

My dad died in 2013 at the ripe old age of 89 and one of the things he drilled into me was that one of the things he learned as a WWII navigator in the RCAF was that many times, people tend to “think too much” as opposed to simply “reacting. As an example, as a fifteen year-old hockey-playing “sniper” (goal-scorer), I was going through a particularly painful slump where everything I fired at the net was getting blocked, saved, or veering wide. On the drive home from the venerable St. Michael’s Arena, after hitting four goal posts and extending the dry spell to six games, I finally asked my dad (who never played the game except shinny on Grenadier Pond) what I was doing wrong, to which he responded “You’re thinking too much—just fire the biscuit.” The next game, on my first possession, I didn’t even look at the net or the goal—I just ripped it from outside the blue line and, as if it had eyes, it pinged in off the far right post and into the goal.

As traders and investors, we all tend to “think too much” so when I launch one of my invectives upon all of you, try to remember that in the big picture, 5,000 years of fiscal history would validate the logic of owning gold but within that window, numerous generations have perished in poverty while bequeathing tonnes of it to their heirs, who sold it, bought (and smoked) cannabis, traded Bitcoin, and lived happily ever after.

Food for thought…

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.

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Disclosure:
1) Michael J. Ballanger: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: Getchell Gold Corp. and Western Uranium & Vanadium Corp. My company has a financial relationship with the following companies referred to in this article: Getchell Gold Corp. and Western Uranium & Vanadium Corp. 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: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Western Uranium & Vanadium. Please click here for more information. Within the last six months, an affiliate of Streetwise Reports has disseminated information about the private placement of the following companies mentioned in this article: Western Uranium & Vanadium.
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 three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Getchell Gold Corp. and Western Uranium & Vanadium Corp., 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: GTCH:CSE,
WUC:CSE; WSTRF:OTCQX,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2019/04/22/masochism-and-the-average-gold-investor.html

Mining Firm Expands Its Reach with Artificial Intelligence

Source: Peter Epstein for Streetwise Reports   04/22/2019

Peter Epstein of Epstein Research digs into the potential of this company’s AI technology, which he believes offers significant benefits for the stakeholders as well as investors.

Artificial intelligence (AI) is used in many sectors and applications, but not so much in the mining space. That makes no sense because AI is an extremely useful tool in dealing with challenges that have tremendous amounts of data and involve hundreds of variables. However, AI is just a tool, it’s not a silver bullet solution. For mining, the area most in need of what AI has to offer is exploration for new discoveries.

The costs of exploration are going up. The easy stuff has already been found, the higher-grade ore already mined. Most exploration programs are searching in part, or entirely, for mineralized zones that are “undercover” (under overburden). Overburden is worthless rock or soil overlying a mineral deposit. It’s the enemy of exploration geologists because it’s very difficult to “see through.” Various tools are deployed to understand what’s beneath the overburden: geophysics; geochemistry, etc.

But each property is unique. What works well in one place might not work at all in another. Exploration (not just for metals) is the perfect setting—high uncertainty, lots of data, lots of variables, the potential for a big reward and substantial cost savings—for AI to be a valuable, cost-effective tool to aid geologists. Albert Mining’s (AIIM:TSX.V) technology will never replace geologists, only assist them. Income tax software has been around for >20 years, but it has not replaced tax accountants—not even close.

Albert Mining has been using AI, machine learning and data mining for less than a decade. Clients benefit from a multidisciplinary team that includes professionals in geophysics, geology, AI and mathematics. Most of the team has been together for six to 10 years; they have 30+ proven discoveries. Management says it has a 70% success rate in identifying new zones of mineralization. If a gambler could be right just 60% or 65% of the time, he or she would become quite wealthy. Albert Mining’s success rate is not higher because sometimes there’s no additional mineralization to be found. Or, there’s not enough data for the technology to operate at an optimal level, or the geology is simply too difficult to understand.

Each time the company’s CARDS (Computer-Aided Resources Detection System) finds something, it saves the client considerable exploration time and money, and frees up managerial resources. The benefits are many, for all stakeholders, when there’s a successful outcome.

Let me throw in this testimonial by Ron Perry, then a director of Metanor Resources, that I paraphrased from a recently shot video [see 2-minute video clip]. This was an Albert Mining success story from 2009-10 that’s going into production. How many exploration projects make it to production? Not many!

Ron Perry, formerly of Metanor Resources: “I met Michel [Fontaine] of Albert Mining in 2009, He came into our booth at the Cambridge show, it sounded like he had some proprietary algorithms. We hit it off. I approached our VP of Exploration. I told him, ‘If we use Albert Mining’s technology and find something, it’s your discovery. If not, just blame me, the finance guy’. . .In 2010 we made a discovery, off the main road, in an area that had no inkling or smell of gold. At the same time, Michel’s team did some mapping around our tailings pond and there was another discovery, and that discovery is now going into production. A pretty amazing technology. . .”

What’s Albert Mining’s Secret Weapon?
Albert Mining owns 100% of a proprietary software package called CARDS, a state-of-the-art computer system used to identify areas with a high statistical probability of containing mineral deposits. High statistical probability is a key phrase: CARDS does not provide certainty; no system of any kind can. The backbone of CARDS is a knowledge extraction data mining engine that uses pattern recognition algorithms to learn the signatures of positive and negative data points to create a model that makes predictions on the positive or negative nature of new data points. CARDS uses powerful algorithms to analyze digitally compiled exploration data and identify zones with a high potential for discovery.

How Does All of This Work?
Data is entered into CARDS in the form of a geo-referenced database. Each data point, or “cell,” in the database is linked to its own set of criteria extracted from geophysical surveys, drill and rock sample assays, geological maps, etc. It’s critical that as much data as possible is captured and logged. Importantly, the system can take many different forms of data, (geophysics, geochemistry, topography, satellite, geology, faults, spatial data, etc.) which is why it’s such a robust predictive tool. The data is divided into two databases.

The first database includes cells with known assay results (drill hole/rock samples data, etc.) and is used to develop—to learn—a model of the geological target being sought. The model could be set to identify targets containing >5 g/t gold. The second database, equally important, includes cells with no assay results. Complex algorithms are used to identify those cells that have a high similarity to the signatures of positive mineral deposits. In addition, in the analysis of each cell, the characteristics of cells within a specified distance, in the same neighborhood, are weighed into the evaluation of that cell.

Therefore, even cells lacking data can be effectively evaluated if the combination of their limited characteristics, and their proximity to cells with other significant characteristics, is similar to that of cells with known positive results. Unlike rule-based computer models, CARDS is not biased by the rules of any particular geologic model. In fact, because of CARDS’ ability to learn and make predictions based on the signatures of multiple positive data points, it can make predictions on any geological deposit type.

Once the data has been crunched, which typically takes several weeks, prospective targets generated by CARDS are evaluated with the client, and both parties discuss and outline potential exploration and drill targets.

New Business Model, New Chairman, New Sectors: A New Albert Mining
In the past, this is where Albert Mining’s work ended. They would provide a valuable service and move on. However, all of that is about to change. The company, with the support of large shareholders, is taking ownership stakes in companies it does work for. In addition, a new chairman should be named shortly. He or she will be well versed in this new operating model. The company’s objective is to develop new revenue streams by participating in the exploration success of its AI-assisted exploration.

Albert Mining is currently running a program in Norway for Playfair Mining (PLY:TSX.V). Management recently invested CA$100,000 in Playfair at CA$0.05 (2 million shares) and signed a CA$75,000 service agreement. The RKV project covers two past-producing volcanogenic massive sulfide (VMS) copper mines (Kvikne and Rostvangen), a magmatic nickel-copper deposit (Vakkerlien) and >20 additional mineral occurrences. Management will use its proprietary technology to analyze a large amount of geophysical, geochemical and geological data to uncover patterns hidden in Playfair’s data. It will then run those machine-learned patterns through its algorithms to identify prospective targets.

This technology has been successful in assisting geologists in the identification of a number of major mineral discoveries, especially in the context of VMS mining districts. As management continually tweak CARDS, they will now benefit more directly, and more substantially, from their high success rate.

CEO Michel Fontaine tells me his company will look a lot different in three or four months. A new chairman, a new business model, perhaps programs outside of just mining. Readers may recall that in a recent interview with Michel he mentioned searching for abandoned underground land mines and exploring for water as possible new business segments. Any high-value field or application where there’s a lot of complex data is ideally suited for CARDS.

As CEO Michel Fontaine said in our interview last month: “We feel this is just the beginning of something potentially much bigger. No other company has the breadth and& depth, the vast experience in AI technology for mining (and new sectors) that we do. No one.”

Peter Epstein is the founder of Epstein Research. His background is in company and financial analysis. He holds an MBA degree in financial analysis from New York University’s Stern School of Business.

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Disclosures:
The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Peter Epstein of Epstein Research [ER], (together, [ER]) about Albert Mining, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is not to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. [ER] is not responsible under any circumstances for investment actions taken by the reader. [ER] has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. [ER] is not directly employed by any company, group, organization, party or person. The shares of Albert Mining are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed or registered financial advisors before making any investment decisions.
At the time this article was posted, Peter Epstein owned no shares of Albert Mining and the Company was an advertiser on [ER]. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. While the author believes hes diligent in screening out companies that, for any reasons whatsoever, are unattractive investment opportunities, he cannot guarantee that his efforts will (or have been) successful. [ER] is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. [ER] is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. [ER] is not an expert in any company, industry sector or investment topic.

Streetwise Reports Disclosure:
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2) The following companies mentioned in the article are billboard sponsors of Streetwise Reports: None. 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) 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 three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Graphics provided by the author.

( Companies Mentioned: AIIM:TSX.V,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2019/04/22/mining-firm-expands-its-reach-with-artificial-intelligence.html

Group Ten Metals Advances Exploration at PGE Projects

Source: Maurice Jackson for Streetwise Reports   04/20/2019

Michael Rowley, CEO of Group Ten Metals, sits down with Maurice Jackson of Proven and Probable to provide an update on the company’s exploration efforts.

Maurice Jackson: Joining us today is Michael Rowley, president and CEO of Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTC), which is known for platinum, palladium, nickel, copper and cobalt in the Stillwater district in Montana.

In our last interview we discussed the results you released in the second of a series of news releases with high-grade and bulk tonnage targets in the Chrome Mountain and East Boulder areas of the 25-kilometer Stillwater West project. Since then, Group Ten Metals has released news from the flagship Stillwater project, and also announced results and updates from its Yukon and Ontario projects. Mr. Rowley, for someone new to the story, who is Group Ten Metals and what are your targets and focus?

Michael Rowley: Group Ten has been acquiring and consolidating quality projects in known mining jurisdictions since 2012, so we were able to acquire and build world-class assets in three top-tier mining districts—in Montana, in Ontario, and in the Yukon—on terms that reflect the market’s discount at the time. Since the acquisition of our flagship Stillwater West project in 2017 we have been increasingly focused on monetizing our other assets in order to focus on Stillwater, which we see as having the potential to rapidly advance as a world-class PGE-Ni-Cu-Co project. As a result we are positioned with 100% ownership on large and highly prospective land positions in known mining districts at a time when the markets are turning positive and the appetite for acquisitions is returning. So that really is the point—we are receiving increased interest on our non-core assets in the Yukon and Ontario at a time when deals for these assets will help drive our efforts in Montana at Stillwater.

For the benefit of our readers I’ll give a short summary of the Yukon and Ontario projects before we focus on our flagship Stillwater project and the most recent news there. In the Yukon we have the Kluane PGE-Ni-Cu project, which is geologically similar to the Stillwater project, being a layered magmatic system. The Kluane belt is well known for PGE-Ni-Cu deposits and the most advanced is the Wellgreen Deposit now being advanced by Nickel Creek Platinum. That one is 6 billion ounces of PGE+Au and 4 billion pounds of Ni-Cu, with significant Co as well. We have the strike extension of that deposit on our ground, plus known showings and a similar geological setting across our 255 square kilometer land position in the Kluane belt. The project is at an earlier stage than Stillwater, but is highly prospective and is attracting interest from the industry.

In Ontario we have the Black Lake-Drayton gold project, which adjoins and shares geology with First Mining’s Goldlund project and Treasury Metals’ Goliath project. Both are high-grade gold resources that share geology with our project, however our ground has seen much less exploration since 2000 for various reasons. Our most recent news reports a small till sampling program that, for the time, demonstrated the gold potential of the large middle area of the project where pervasive ground cover has limited past exploration interest. This is compelling because over 10 million ounces of gold has been discovered using this till sampling method in the area, and the hits we are getting correspond to geophysical anomalies.

We also announced completion of the final earn-in at Black Lake–Drayton and that, together with the success of the recent till sampling program, has brought increased interest from industry, which we are now following up on.

Maurice Jackson: Thank you for the overview of your other assets. Mr. Rowley, on to the main event, the Stillwater West project in Montana. Please provide a summary of that project, and the thesis you are attempting to prove.

Michael Rowley: We have a fantastic asset in the Stillwater West project, and we are excited about the targets and potential we see there. As you know, Group Ten is alongside the Stillwater Mines in the iconic Stillwater Igneous Complex. The district is well known as the highest grade major PGE district in the world, and the largest by far in the Western hemisphere. Sibanye bought the Stillwater mines for $2.2 billion in 2017, around the time we were making our acquisition there. Our ground was historically owned by Stillwater, and has been mined for a number of commodities including high-grade nickel and copper, as well as PGEs and chrome.

We are the first to systematically consolidate the land package, database and team to target Platreef-style platinum-palladium-nickel-copper deposits. These are 100+ Moz PGE deposits with significant values of other metals, in particular nickel and copper, but also rhodium, cobalt and chrome, found in the northern limb of the Bushveld Complex in South Africa. The Bushveld and Stillwater complexes are both large igneous complexes, and there are many known parallels between the two. Developments in the 1990s and 2000s led to the discovery and development of the Platreef mines in South Africa, but that progression was essentially interrupted at Stillwater. Based on everything we’ve seen, we see the potential to discover massive PGE-Ni-Cu deposits of this type at Stillwater. That thesis took a big step forward late last year when Ivanhoe’s Dr. David Broughton, a key member of the discovery team at Ivanhoe’s 112 Moz Flatreef PGE-Ni-Cu project, joined our team and confirmed that potential. We acquired the project in 2017 and have now begun a series of news releases to reveal what we have found to date, and lay out our plans for 2019.

Maurice Jackson: Mr. Rowley, in our previous interviews you alluded to a possibility of mine closures in South Africa as a potential catalyst for Group Ten Metals. We may have some interesting developments coming from SA. What can you share with us? As reminder for our audience 78% of Pt comes from South Africa, they are not earning their cost of capital, and there are number of geopolitical concerns there as well.

Michael Rowley: There are basically two types of platinum mines in South Africa: narrow, high-grade reef-type mines and the bulk tonnage mines on the Platreef in the north. Many of the high-grade producers have been sub-economic for years and have been underfunded as a result. This is partly because narrow, high-grade mining is always more expensive per tonne that bulk mining, and also because these mines are getting deep and hot and unsafe as well. As a result, analysts are predicting the closure of a number of South African high-grade platinum producers in the coming year or two, and that is expected to be a significant driver of platinum price as a result of decreased supply.

By contrast, the Platreef district is known for its thick mineralized intervals that are very amenable to bulk mining. Anglo American operates the Mogalakwena mine in the Platreef district and it is currently producing platinum at less than $400/oz from four pits, along with palladium, nickel, copper and other metals. Ivanhoe’s adjoining Platreef Mine is now in development and will have similar economics.

We have had a lot of interest from the industry in finding the equivalent “Platreef in Montana,” and to date we have every indication that it is there at Stillwater.

Maurice Jackson: Michael, let’s move from South Africa and go to your flagship project the Stillwater West, which is located in Montana, to discuss the latest press release regarding the Camp Zone Target Area.

https://grouptenmetals.com/site/assets/files/3759/figure_2_-_highlight_drill_and_rock_sample_results_over.800x0-is.png

Michael Rowley: The Camp Zone target area is the fifth of 14 kilometer-scale target areas across the 25-km Stillwater West project. Eight of those 14 are “Platreef-type” targets. Like past news releases detailing the west side of the project, we have high-grade PGE “Reef-type” targets in the north of the claim block, higher up in the layered stratigraphy, and bulk tonnage “Platreef-style” targets in the lower portion and basal zones of the complex.

https://grouptenmetals.com/site/assets/files/3759/figure_4_-_cross_section_im-5_-_camp_zone_target_area-_stillwater_west_project-_montana-_usa.800x0-is.png

The Camp Zone target area has a lot of historical drilling by AMAX in the late 1960s and early 1970s, which successfully targeted nickel and copper sulphides in the basal zone, and resulted in the delineation of a continuous zone of nickel-copper sulphide mineralization in the Basal Series ranging from 15 to 110 meters in thickness over approximately 1.5 kilometers strike with average grades of 0.42% nickel and 0.23% copper. We also have platinum and palladium assays that were completed as composites over select intervals only. These demonstrate thick intervals of PGE enrichment, running up to 1.4 g/t palladium plus platinum.

Maurice Jackson: Mr. Rowley, overall how would you grade the results thus far from the first five target areas?

Michael Rowley: The first five “Platreef-style” target areas have demonstrated that the conductive highs we are seeing are in fact nickel and copper sulphides in both rock samples and drill core, and that they are generally enriched in PGEs, cobalt and chrome and other commodities. This is essential insight to have.

The results at Camp Zone in particular position it as one of the three most advanced target areas at Stillwater West. We have an enormous land position and a large number of compelling targets across 25 kilometers of strike, so using that historical data to vector in on areas that can be advanced rapidly to resource delineation stage is essential. The known mineralized zone at Camp Zone, like the Hybrid Unit mineralized zone announced in February, provides us exactly that—a starting point to build upon. Both are substantial mineralized zones, drilled with shallow holes without geophysics or optimization, and open for expansion in terms of both grade and size.

AMAX’s work at Camp Zone also included valuable basic metallurgical results which show that standard 1970s-era flotation techniques can be used for effective nickel and copper sulphide recovery, along with a significant PGE component.

Maurice Jackson: Can you comment on the price moves we have been seeing in palladium and platinum, we are in unprecedented territory.

Michael Rowley: Palladium has indeed been on a tear due and is nearly doubling platinum in price. The price, of course, is driven by supply and demand, and the supply of physical palladium has been dwindling for years now while consumption of both palladium and platinum, driven mostly by the automobile sector for use in catalytic convertors, has been rising steadily. In addition, palladium was less affected by the switch away from diesel vehicles as palladium is generally used more in gas applications while platinum can be used in both diesel and gas engines.

We’ve talked about gold and silver ratios in the past and how they historically stay within a certain range. The same is true of palladium and platinum, and at some point auto manufacturers will switch back to platinum and the prices will shift. Add to that the expected closure of platinum mines in South Africa and you have a very bullish case for platinum!

At Stillwater we have both platinum and palladium, and also rhodium, plus also the technology metals nickel, copper and cobalt.

Maurice Jackson: Sir, before we close what is the next unanswered question for Group Ten Metals, when should we expect results, and what determines success?

Michael Rowley: Next up in our series of news releases is the Iron Mountain target area, which is the most advanced area on the project, so we are looking forward to making that release and discussing those results.

In addition we are finalizing our targets and exploration plans for 2019 across the project, and will be releasing those in the coming weeks as well. The project is at an exciting point where the only unknowns are the good unknowns. We have brought together a remarkable land position, database and team, and our exploration programs in next two or three years will show what we actually have in terms of size and grade.

It’s early days; we have a $10 million market cap, a great team, and our neighbour was bought for $2.2 billion. I think it will be a banner year.

Maurice Jackson: Finally, what did I forget to ask?

Michael Rowley: Funding and exploration plans are usually on people’s minds, so let’s touch on that.

In terms of funding, we raised $1.2 million late last year and have about $2.7 million of in-the-money warrants that we can call any time to top that up. We also had some very good meetings at recent trade shows in Vancouver and Toronto. Those conversations are on-going with an eye to driving our best year yet at Stillwater West, and we look forward to making further announcements as the weeks progress.

Maurice Jackson: For someone listening that wants to get more information on Group Ten Metals the website address is http://www.grouptenmetals.com. And as a reminder Group Ten Metals trades on the TSX-V: PGE and on the OTCQB: PGEZF. For direct inquiries please contact Chris Ackerman at 604-357-4790 ext. 1 and he may also be reached at info@grouptenmetals.com.

As reminder Group Ten Metals is a sponsor and we are proud shareholders for the virtues conveyed in to today’s interview.

And last but not least please visit our website provenandprobable.com, where we deliver Mining Insights & Bullion Sales, in form of physical delivery, offshore depositories, and private blockchain distributed ledger technology. You may reach me at contact@provenandprobable.com

Michael Rowley of Group Ten Metals, thank you for joining us today on Proven and Probable.

Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.

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Disclosure:
1) Maurice Jackson: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Group Ten Metals. 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: Group Ten Metals is a sponsor of Proven and Probable. Proven and Probable disclosures are listed below.
2) The following companies mentioned in this article 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) 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 three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of Group Ten Metals, a company mentioned in this article.

Proven and Probable LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Proven and Probable website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Proven and Probable to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Monthly sponsorship fees range from $1,000 to $4,000 per month. Proven and Probable LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734.

The Information presented in Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investments, trading or otherwise, based on any of the information presented on this forum without undertaking independent due diligence and consultation with a professional broker or competent financial advisor. You understand that you are using any and all Information available on or through this forum at your own risk.

Images provided by the author.

( Companies Mentioned: PGE:TSX.V; PGEZF:OTC,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2019/04/20/group-ten-metals-advances-exploration-at-pge-projects.html

EMX Royalty’s Approach to Value Creation

Source: Maurice Jackson for Streetwise Reports   04/19/2019

David Cole, CEO of EMX Royalty, speaks with Maurice Jackson of Proven and Probable about his company’s three-pronged business model and projects that span the globe.

Maurice Jackson: Welcome to Proven and Probable. Joining me today is the president and CEO of EMX Royalty Corp. (EMX:TSX.V; EMX:NYSE.American), David Cole. We’re at the Oxford Club Investment U Conference 2019, in Saint Petersburg, Florida. Mr. Cole, welcome.

David Cole: Thank you, Maurice, always a pleasure to be here, and also a pleasure to be back at the Oxford Club in Florida.

Maurice Jackson: Full disclosure, we are proud shareholders and EMX Royalty is a sponsor of Proven and Probable. In regards to being a shareholder, we just purchased shares today, at $1.15. And also my sons Brayden and Bryce (twins) when they were 6, and my son Carson at the age of 8, have been shareholders of EMX Royalty when the company was known as Eurasian Minerals.

Mr. Cole, you just conducted a presentation sharing the value proposition regarding EMX Royalty. Talk to us about the three-prong approach, because a lot of investors overlook the value proposition, and it really begins with the three-prong approach.

David Cole: Our business model consists of a time-tested process using a three-prong approach consisting of Royalty Generation, Royalty Acquisition and Strategic Investments as the basis for value creation for our shareholders. EMX Royalty developed and fine-tuned our business model over the course of the 16 years that we’ve been a public company. I left Newmont Mining Corporation to found Eurasian Minerals, which evolved into EMX Royalty Corporation.

A key aspect of EMX Royalty is our business model, and specifically we’re prospect generators. So the first prong of our business approach is the prospect generation business model, which is the acquisition of prospective mineral rights around the world, utilizing our geological expertise to guide us in that process. And then adding value to those mineral rights that we’ve acquired, by building economic, geologic models. And then seeking to sell those off to majors, as well as well-funded junior companies, where they advance them forward.

EMX Royalty gets paid in a variety of ways. One would be work that goes into the ground, another would be cash, and another would be shares in companies and always a production royalty at the end of the day. So we’re organically building a royalty portfolio through the execution of the prospect generation business model, focused on that royalty component. And that’s the first, and most important prong of our three-pronged approach. That’s our bread and butter.

In addition, the same economic geologists that we have around the world doing the prospect generation also occasionally come across a royalty to purchase. So it’s the augmentation of growing royalties organically through the prospect generation process, in addition to buying royalties, that really gives us leverage at developing a portfolio of royalties around the world.

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Finally, the third prong is strategic investing. And we have a very, very high filter, very tough filter before we’ll deploy our shareholders’ funds into the stock of another company. But in the process of working around the world, in the trenches of this business, occasionally we come across the situation where you cannot buy the stock. And so within our 16 year history, we’ve made 12 strategic investments, and if we look at the performance of those 12 strategic investments throughout that history, it has an astonishing rate of return. And that is 40% compounded annually, after tax, which is absolutely amazing.

The most recent big win that drives that strong performance is the investment that we made in a company called Intergeo Copper, which was advancing a significant copper and gold discovery in far southeastern Russia. And we got into that company quite early. It was very difficult for it to raise capital, because it was in Russia. It wasn’t the world’s favorite venue for funding exploration activities, but we felt that the situation was right.

In 2011, we deployed a total of $13 million incrementally for a seven-year period. And that resulted in cash back out to us of roughly US$69 million. EMX Royalty turned $13 million into $69 million over a seven-year period. And that’s a nice rate of return. That dominates our strategic investment performance; we’ve had a couple of other good performers within that portfolio over the years.

There are substantial synergies between the strategic investing, the royalty purchasing and the bread and butter business of prospect generation. It’s the same people who are doing these. So there are no additional folks that have to be added on to be able to accomplish these various three things. And that way we’re able to leverage that expertise that’s around the world executing.

Maurice Jackson: The business acumen that the company’s deployed, and successfully deployed, I should say, over the years. We’ll look at the Malmyzh now; let’s take a look at what it’s done to the treasury and what do you plan to do with that capital in the treasury? And what has it done to the enterprise value as well?

David Cole: Well, these are great questions. So, first of all what I do to the treasury, so we now are in a situation where we have US$60 million in the bank, cash. We have no debt and if we look back at the history of EMX and all the money that we have raised in the history of the company, to be able to build this asset based model of these royalties around the world, and all the prospective mineral rights that we’ve acquired, 90 some odd different assets.

We have more money in the bank now than all the money we’ve raised cumulatively in our history. So we’re sitting here with no debt, US$60 million in the bank and a robust portfolio of 90 assets around the world. So, that’s where we’re at financially, and it’s great to be in that position and have more money in the bank than all the money we’ve raised in our history and in the entire portfolio is proof positive that the business model works. So I’m very proud of that specific fact.

Going on to the next part of your question, “What are we going to do with the money?” That’s a very active question, I get asked this frequently. We believe wholeheartedly in exactly what we do. We like to buy royalties if and when we can find them affordably at a price that’s accretive to our shareholders. We love to execute organic growth and we like to make the occasional strategic investment with a very high investment threshold. So we’re going do exactly what we have been doing, we’ll just have more arrows in the quiver.

Specifically, we’re shopping for cash flowing royalties to help augment our top lying cash flow. I intend to increase our prospect generation slightly, but not substantially. I like the team that we have, we’re lean and mean, we’re operating well around the world acquiring lots of prospective mineral rights. We are now the largest mineral rights holder in Norway, the second largest mineral rights holder in Sweden, we’re the third largest mineral rights holder in the state of Arizona. I just touched three examples. We have over 9,000 mining claims in the Western United States. So we just love to control more mineral rights. And so, with the monies in the bank, are going to be allocated toward exactly what they’ve been allocated for in the past but we have more arrows in the quiver. I’m hopeful that we’ll find some good cash flowing royalties to buy.

Maurice Jackson: You have a global portfolio; how much of that is copper centric?

David Cole: I would say roughly a third of our portfolio is copper. We focused on copper and gold throughout the last decade and a half building this company. That’s specifically because that’s where our economic geological expertise lies. We’re gold geologists and copper geologists and those two metals tend to occur in similar geological trends. So it’s not uncommon for folks to have expertise around those two particular metals, consequently our portfolio is dominated by copper and gold.

But we do have a substantial portion of our portfolio that’s polymetallic. Some of those are associated with volcanogenic massive sulfide deposits, not to get too technical about this, but, there are some deposits that have multiple metals in them that we’re working on. Specifically in Norway and Sweden, and elsewhere in the world also. Lead, zinc, silver, copper, cobalt, nickel, and we do see strong interest from the mining companies that acquire our projects from us. Battery metals, cobalt, nickel and, of course, copper, the most important battery metal, but copper’s also used in so many other things that the incremental increase in the use of copper from battery metals is significant but not dominating the demand for the metal.

Maurice Jackson: Germane to the discussion of your geological acumen expertise, which is in copper predominately, let’s talk about 25 years future copper supply and demand. How does that look?

David Cole: The demand for copper on Planet Earth has gone up at roughly 3% per year for our entire life time. We believe that it’s likely to continue growing at 3% and that’s compounded growth, that’s exponential growth, which puts us in an interesting situation. We expect that the world will produce and consume as much copper in the next 25 years as has been produced in the entire history of mankind, which is phenomenal when you think about that. That’s the case for other metals as well; that 3% number is kind of a broad brushed number that applies across the metals with respect to increase in consumption over a time. Now, of course, there can be a spike in cobalt consumption because a new cobalt battery is invented or a spike in gold demand related to a currency situation or something of that nature. But smoothed out when you take the big picture look, these metals are consumed at 3% more per annum, and when you look at the big picture, that’s compounded growth that’s doubling every 20 years, 23 years, and that’s phenomenal.

Maurice Jackson: It really is, and, again, the value proposition gets better as we speak here because I want to take us now to Scandinavia. Strategically EMX Royalty acquired a number of mineral rights there. Why in Scandinavia?

David Cole: So, it’s interesting how we ended up there and how we’ve ended up in various places around the world; it all comes back to people. So, primarily, my focus as the founder of EMX Royalty has been first and foremost to engage really smart folks.

And I’m humbled by the opportunity that I have to work with such smart individuals, including a whole host of PhD geologists with expertise and acumen from around the world working in this business sector. And it was a geologist by the name of Dr. Duncan Large that got us into Scandinavia. He told me while we were working in Serbia, which is a point of huge success for us and was one of our early business units in the company, “You know the prospectiveness in Northern Europe is very interesting, there’s some great rocks up there. There’s a lot of open ground that’s available for acquisition. There are big governmental databases available from the Swedish geological survey and the Norwegian geological survey that resulted from the era when the governments did the exploration work there, which is no longer the case, but the data’s still available for free.”

And it’s very, very, very well organized. So it’s a prospector’s dream. You have all this data available for free, you have lots of open mineral rights so you can go out and stake claims and acquire licenses from the government and build a portfolio.” And over time we started to dig in more and more and more, and I think Sweden is one of the best places to work in the world. There are 17 major operating metal mines and Sweden, seven smelters. There are substantially more smelters in Sweden than there are in the United States.

Maurice Jackson: Unknown fact for many people. Let’s move a little further south. Let’s go to maybe the next catalyst for EMX. Let’s go to Turkey and Serbia. What can you share with us?

David Cole: Well, the story in Serbia is phenomenal. Serbia was one of our first business units. We helped the Serbian government rewrite its concession legislation, we helped it rewrite its money law. We became the first company to be granted an exploration license in Serbia in over 40 years and open the door for foreign investment in Serbia.

What’s interesting, part and parcel to our business model, we acquired the mineral rights, we added value, we put together the geological models, we sold that on and we sold it for a combination of cash, shares and a royalty on the project as we do, and Reservoir Capital then was the company that advanced the asset. And it joined a venture with Freeport and it proceeded to make over the course of many years and a lot of money in the ground and a lot of risk dollars being spent, and a lot of dead holes. It ended up finding a phenomenal discovery, probably the most exciting copper gold discovery ever made in Europe.

It’s in the Timok Magmatic Complex, some people call it the Timok Project, some people called it the Cukaru Peki Project, and as luck would have it, it was just off of our boundary of our claim so we did not have a royalty on it. But, because we were distinctly aware of the progress that was being made, and the eminent probability of a big discovery, we went out and bought the royalty that did exist over that project that a third company had. And we were able to buy that royalty very, very, very inexpensively, particularly in relation to what we believe that royalty is worth today.

That’s a company-making royalty; it covers the upper zone, the lower zone, the whole license, and we have a whole portfolio of royalties through the Timok Magmatic Complex, which is now very, very, very prospective ground. It’s a hotbed of exploration work in Europe and one of the larger discoveries in the recent history in the world is being made and we have one half of one percent royalty on that. We are very proud of that. That’s a catalyst as a company-making royalty in our portfolio.

Maurice Jackson: Again, congratulations, this alludes to the business acumen that I’ve been sharing with a number of my subscribers on Proven and Probable and why I’m such a big fan. And, also for the record, and I’ve shared this with you privately, I’m a strong advocate for owning physical precious metals, but for every single dollar that I’m putting into physical precious metals, I’m matching in purchasing EMX shares for this calendar year.

David Cole: Well, Maurice, we appreciate your support. There’s been a lot of insider buying in EMX. My trades are all reported, of course, as CEO, and folks can research that and see. There’s been a plethora of buying over the course of the last three years by the insiders. We believe in this story eminently.

Maurice Jackson: Mr. Cole, if somebody listening today wants to get more information regarding EMX Royalty, please share the contact details.

David Cole: Scott Close is the director of investor relations. One can find Scott at our office in Colorado, at 303.973.8585, or you may reach him at SClose@EMXRoyalty.com.

Maurice Jackson: And last but not least, please visit provenandprobable.com, where we provide mining insights and bullion sales. You may reach us at contact@provenandprobable.com.

David Cole of EMX Royalty, thank you for joining us today on Proven and Probable.

Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure:
1) Maurice Jackson: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: EMX Royalty. 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: EMX Royalty is a sponsor of Proven and Probable. Proven and Probable disclosures are listed below.
2) The following companies mentioned in this article 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) 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 three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of Riverside Resources, a company mentioned in this article.

Proven and Probable LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Proven and Probable website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Proven and Probable to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Monthly sponsorship fees range from $1,000 to $4,000 per month. Proven and Probable LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734.

The Information presented in Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investments, trading or otherwise, based on any of the information presented on this forum without undertaking independent due diligence and consultation with a professional broker or competent financial advisor. You understand that you are using any and all Information available on or through this forum at your own risk.

Images provided by the author.

( Companies Mentioned: EMX:TSX.V; EMX:NYSE.American,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2019/04/19/emx-royaltys-approach-to-value-creation.html