Extensive Analysis

A Critical Q & A With MGX Minerals CEO Jared Lazerson

Driftwood Creek; pilot plant

MGX Minerals (XMG.CSE) is a rare breed of junior, as it has a staggering 22 ongoing projects, it is CSE listed, works on revolutionairy "petrolithium"  and zinc air fuel cell tech, has booked no tangible, independently verifiable results yet, but still manages to raise tens of millions of dollars like it's nothing, and keeps producing a true avalanche of news releases because of these 22 projects. When talking to management, there are always plans for even more projects they might go after. Too much? One might think so as progress is slower than projected on several fronts and results are few and far in between, while in the mean time new projects are being added, seemingly creating everchanging dynamics in a vibrant pool of increasing activity as far as focus and strategy is concerned.

Kutcho Copper: A New And Very Robust Base Metal Developer

Kutcho project

1. Introduction

Very rarely I come across a junior that simply seems to tick almost all boxes, and it looks like new sponsor Kutcho Copper (KC.V) is doing just that. From project profitability to management, from financials to geology, from location to metal prices, it comes across as a genuine display of quality and excellence. CEO Vince Sorace certainly made the most of Capstone Mining's strategy change a few years ago not to develop relatively smaller, non-core assets, and now looking to divest assets to clean up their troubled balance sheet.

Margaux Resources: Brownfield Leverage And Blue Sky Greenfield Exploration At The Kootenay Arc

Margaux Resources: Brownfield Leverage And Blue Sky Greenfield Exploration At The Kootenay Arc  

 

Kootenay Arc; Jersey Emerald Project

1. Introduction

Every now and then certain junior mining companies succeed in consolidating a large group of claims or even multiple projects on very favorable terms, often creating very interesting continuous land packages with ongoing areas of exploration potential, greenfield and/or brownfield. This kind of transactions are usually out of the realm of larger, well known parties, as prices shoot up the second their involvement becomes apparent.

Tinka Resources: Ayawilca Resource Update Confirms Expectations; Upcoming PEA Could Surprise Markets

Ayawilca project; drilling location

1. Introduction

It is a busy and exciting time for top zinc junior Tinka Resources. Drill results are rolling in all year now, Tinka is the talk of the town at many conferences, the team got a much deserved accolade by receiving the Mining Journal "Explorer of the year 2017" award, and the company got listed on the Peruvian stock exchange (Lima Stock Exchange or BVL). I liked this move, as it made the company less dependent on for example Canadian brokers/banks to raise money in the future.

Rise Gold: A Tiny Junior Targeting 1-3Moz High Grade Gold, Left Behind In Past-Producing Idaho-Maryland Mine

Former Idaho-Maryland Mine, Nevada County, California

1. Introduction

Sometimes I come across mining stories that read like an old fashioned treasure hunt of sorts. Rise Gold (RISE:CSE, RYES:OTC), a small junior headquartered in Vancouver, falls neatly into this category in my view. CEO Ben Mossman found the past-producing high grade Idaho-Maryland gold mine after intensely searching the internet for about 5 months, scanning eligible projects up for sale, historic databases and other leads. When he started doing his due diligence, which meant sifting through a basement full of old documents, it soon dawned on him that this project could host huge exploration potential, besides the considerable historic (2002) high grade estimate of 0.4Moz @ 9.1g/t Au M&I and 0.9Moz @12.7g/t Au Inf, as the Idaho-Maryland had to halt production in 1954 when it was nowhere near depletion.

A Critical Q & A With MGX Minerals CEO Jared Lazerson

Oil wells; source

According to the significant number of news releases and different projects and activities going on at the moment, MGX Minerals (XMG.CSE) must be one of the busiest junior mining companies I know. A few of those activities definitely have the potential to be company makers on a vast scale in my view. However, as most activities are still relatively early stage, not verified and sometimes seem to compete for strategy focus, it could be difficult at times to follow what's exactly going on for investors, let alone adequately value the company. As a consequence, the share price has been side-ranging for quite a while now, as can be seen here:

The Fiore-GRP Deal: Giustra Builds Another Gold Producer

Pan Mine, Nevada

1. Introduction

In December 2016 I introduced Fiore Exploration, a new company backed by Frank Giustra, and it has been a relatively quiet 6 months. Fiore completed some drilling on the Pampas El Peñon project in Chile and an IP survey on the newly acquired Cerro Tostado.

But behind the scenes, things were in motion. Earlier this year, Fiore began exploring the idea of merging with GRP Minerals, a private company ramping up the PAN heap leach operation  in Nevada. GRP bought Pan and other Midway Gold assets for US$5.5M and spent another US$18 million on upgrading and restarting the operation. Midway had spent more than US$100 million constructing the Pan mine but in the end failed to execute. The demise of Midway Gold is a whole other story, one I will touch on later.

Upcoming Pegmont Resource Update Will Probably Indicate Lots Of Upside For Vendetta Mining

Pegmont; step out drilling

1. Introduction

As I have already explained before in a recent article on sponsoring company Tinka Resources, the zinc market is on the verge of a potentially huge supply deficit as several large mines have been shut down with more zinc producers to follow suit.

The uptrend in the new zinc cycle has already started when the zinc price moved from less than $0.70/lb  to a recent high of $1.32/lb, consolidating around $1.12/lb at the moment, so it is interesting to focus on interesting projects which could be brought into production in the current zinc cycle which is expected to last 2-3 years.

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