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Aquila released a positive permitting update, as one of the legal challenges for its permits was dismissed. While the legal challenge of permits is normal course in the U.S., this result acts as another positive step to advancing Back Forty towards production. We view Aquila as an undervalued take-out candidate on the verge of a re-rating through the development of the high-margin Back-Forty polymetallic project; the backdrop of a tightening commodities market should underpin the strategic value.
Results from Novo’s ongoing efforts at Egina and Karratha continue to advance these projects and demonstrate each projects potential. We believe the market is undervaluing the company’s other assets, and steady news flow in 2019 should change this. Despite a significant share price increase today, we believe the market is continuing to undervalue the company’s Karratha, Egina and wider Pilbara projects, with much of the current value underpinned by an improving Beatons Creek project.Highlights:
Seabridge’s summer drill program at it's Iskut Property has identified another porphyry target close to surface. Iskut is only 30 km east of Seabridge’s KSM Project which hosts four porphyry deposits with P&P Reserves of 39Moz of gold + 10Blbs of copper. These latest results support our view that Seabridge is positioning itself as a gold-copper developer to watch in a premier jurisdiction - we believe majors are taking notice.Highlights:
NxGold’s exploration efforts at Mt. Roe, continue to highlight the potential for this company to make both hardrock and conglomerate gold discoveries. While recent results continue to suggest the project has value, the current enterprise value (EV) implies shell value. With funding in-place to advance this project through initial drilling, we believe the market is providing investors an opportunity, as this is the type of company that should see a strong rally, in January.Highlights:
Newcrest has again increased its interest in SolGold by purchasing 27.87M shares from two third parties. Newcrest now owns 15.3% of SolGold, cementing its position as the largest strategic shareholder ahead of BHP at 11.1% ownership. This update aligns with our thesis that SolGold is in possession of a world-class copper project that is continuing to grow and receive increasing interest from major miners looking to bolster future production.Highlights:
Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.
Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.
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