RCKS Talk

13-May-2018

RCKS Charts

Three Names with Positive Momentum

In this edition of RCKS Charts, Keith has evaluated Anaconda Mining Inc (TSX:ANX), Sierra Metals Inc. (TSX:SMT) and Ascot Resources Ltd (TSXV:AOT).

13-May-2018

RCKS Charts

Catalysts are Key

In this edition of RCKS Charts, Keith has evaluated Toachi Mining Inc. (TSXV:TIM), Avidian Gold Corp. (TSXV:AVG), Aurania Resources Ltd. (TSXV:ARU), Novo Resources Corp. (TSXV:NVO), Golden Arrow Resources Corp. (TSXV:GRG) and NxGold Ltd. (TSXV:NXN).

11-May-2018

Pilbara Update

Kirkland Lake Increases Investment in the Pilbara

Impact: Positive

Kirkland Lake Gold (TSX:KL) announces its third investment in Novo Resources Corp. (TSXV:NVO) by acquiring 4 million shares from Artemis Resources (ASX: ARV) at C$5.00/sh to bring the company’s total investment to 29.83 million common shares of Novo at an average price of C$3.18/sh.

  • Kirkland Lake announces third investment in Novo Resources
  • Kirkland Lake continues to back a Pilbara discovery
  • Novo Resources and De Grey Mining remain our preferred companies for making a Pilbara discovery 
Kirkland’s continued investment in the Pilbara district indicates its ongoing confidence and commitment to a potential world-class discovery. We expect the next catalyst for Novo in addition to other Pilbara players to be Novo’s large bulk sample results expected at the end of May.

11-May-2018

Ascot Resources Ltd.

New Underground Resource First Step Towards Production

Impact: Mildly Positive

Ascot has shifted its focus to underground resource development at its Premier-Dilworth property with the announcement of a high-grade underground resource in the southern area of the property.

  • Ascot defines 601koz AuEq of high-grade underground resources at Premier/Northern Lights
  • Underground focus puts the project on the path to production
  • Drilling has revealed additional areas that may host high-grade resources
After incorporating Ascot’s resource update, the company trades at a discount (C$37/oz versus peers at C$65/oz). We expect the ongoing news from exploration and infill drilling on higher-grade underground resources to close the gap to peers.

10-May-2018

Anaconda Mining Inc.

Expands Mineralization & Extends Drill Program

Impact: Positive

Anaconda has expanded multiple mineralized zones at Goldboro through exploration drilling and has initiated an additional 2000m of drilling to test the high-grade zone around the previously identified fault system

  • High-grade drill results expand deposit in multiple directions
  • 2,000m added to program to test fault zone
  • Results point to resource growth – 10% increase in both grade and tonnes at Goldboro increases our NAVPS estimate by 9%
 
After recently incorporating Anaconda’s potential acquisition of Maritime Resources (TSXV: MAE), our NAVPS estimate increased to C$1.12/sh results in Anaconda trading at a steep discount to peers (0.33x NAV, peers 0.65x).

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