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Magna Terra’s second batch of drilling results from its Luna Roja Project show promise and suggest the company may be edging towards discovery. We continue to believe that Magna Terra could see a significant re-rating with positive drilling news from its exploration in Argentina’s prolific Santa Cruz Province.
Atico announced strong Q1 production results (excluding the strike) and provided an update on the ongoing labour dispute that suggests that the mine should be up and running within two weeks. While the company has adjusted guidance to account for more than a two-month interruption, we expect the strong pace that Atico ended 2018 and started 2019 to resume in May. We continue to believe Atico is a low-cost producer with exploration upside that should generate significant free cash flow upon resumption of operations.
Fission Uranium Corp has issued a prefeasibility study (PFS) for its Paterson Lake South (PLS) project in Canada which features lowered operating costs and room for further improvement as the company assesses an underground-only option for their mine plan. This PFS suggests that the PLS project has the potential to be one of the larger and lowest operating cost uranium projects in the world and is well positioned for a potential turn in the uranium market.Highlights:
De Grey’s drilling at Toweranna has delivered strong results and based on this success, we have increased our estimates.
We have increased our fair value estimate to A$0.35/sh (was A$0.30) and believe that the company is poised to re-rate as it continues to deliver exploration
Lion One recently announced aggressive plans to explore its recently consolidated property, with the aim of demonstrating its potential to host an expansive alkaline epithermal gold system, analogous to the nearby Vatukoula (7Moz Au) deposit. The company is back-stopped by the robust, high grade (739Koz at 9.5 g/t Au) Tuvatu gold project in Fiji, which steadily continues to be advanced to production.
We are revising our valuation to better reflect the significant potential we think could be revealed as drilling ramps-up.
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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