RCKS talk

Thursday, June 23, 2016 Derek Macpherson

RCKS Drilling Deeper Lunch Features Four Funded Explorers

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Yesterday, Red Cloud Klondike Strike Inc. (RCKS) hosted the third installment of our Drilling Deeper lunch series, this time featuring companies with funded exploration programs. The presenting companies were Aston Bay Holdings Ltd. (TSXV:BAY), Eastmain Resources Inc (TSX:ER), IDM Mining Ltd (TSXV:IDM) and Victoria Gold Corp. (TSXV:VIT). In our 3 THEMES & 10 COMPANIES FOR A NEW BULL MARKET IN PRECIOUS METALS post earlier this week, we highlighted that we believe good news is once good for stocks (catalysts) and we believe all four presenters have the potential to increase shareholder value with the drill bit this year. read more


Wednesday, June 22, 2016 Derek Macpherson

Algold’s Maiden Resource at Tijirit is only the Beginning

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Algold Resources Ltd (TSXV:ALG) released the maiden resource of 270,490 oz Au (M&I+I) from its Tijirit Property in Mauritania. While the resource is on the smaller side, it features decent grade for a near-surface deposit and is only based on historic work. In our view, the market may have overreacted to the news (stock down 9.2%) as the deposits have room to grow, potentially providing an attractive entry point ahead of drill results from the 10,000m program planned for 2016. read more


Tuesday, June 21, 2016 Derek Macpherson

3 Themes & 10 Companies for a New Bull Market in Precious Metals

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While we believe that we are in a new bull market for gold equities, it is early days. As such, investors should remain selective and focus on companies that fit three key themes: scarcity, viability and catalysts. In our view AMI, ER, GRR, GQC, IDM, ICG, MLN, NUG, UGD and VIT are ten companies that fit these themes and should outperform peers. read more


Monday, June 20, 2016 Derek Macpherson

Goldcorp Appears Focused on the White Gold District

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Independence Gold Corp (TSXV:IGO) announced that Goldcorp Inc (TSX:G, NYSE:GG) had acquired 19.9% of Independence by way of private placement. Fresh-off the proposed acquisition of Kaminak Gold Corp (TSXV:KAM), it would appear Goldcorp is making a commitment to the White Gold District, by getting a toehold in ground around Kaminak’s Coffee project. Besides Independence’s Boulevard project, Goldcorp could also be interested in the contiguous Dan Man property (Arcus Development Group - TSXV:ADG) and Bridget, Betty and Wolf properties (Ethos Gold Corp, TSXV:ECC). Also nearby are, the Casino project (Western Copper and Gold Corp, TSX:WRN), QV Gold (Comstock Metals Ltd, TSXV:CSL), and the White Gold Project (Kinross Gold Corp, TSX:K, NYSE:KGC).
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Thursday, June 16, 2016 Derek Macpherson

Sabina Shares Likely Weak Today on Negative Permitting News

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Sabina Gold and Silver Corp (TSX:SBB) announced today that as part of its ongoing permitting process the Nunavut Impact Review Board (“NIRB”) recommended the Back River project not proceed to the next phase of permitting. We expect this to be negative for the Sabina’s share price today. read more


Thursday, June 16, 2016 Derek Macpherson

The Fed Speaks; Still Bullish on Gold

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In our post ahead of the FOMC statement, “GOLD BULL IS STARTING TO RUN” we had suggested that following the recent run in the gold price, a very dovish statement was required to keep the gold price at current levels. Where we were wrong, was that we were not expecting a very dovish statement, and in particular that the committee forecasts would suggests rates would be lower for longer, which provided a modest lift for the gold price. Importantly, our long-term view that we are in a new gold bull market remains unchanged and the trajectory of that market may be steeper than originally thought. read more


Wednesday, June 15, 2016 Derek Macpherson

Goldquest Identifies New Exploration Targets

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Goldquest Mining Corp. (TSXV:GQC) announced the identification of new drill ready targets in the Southern portion of their Tireo formation. At first pass this press release appears to be a benign update because following the discovery of Romero the company has identified a number of targets without meaningful drilling success. However, the targets highlighted in this press release, are just to the north of Precipitate Gold’s (TSXV:PRG) Ginger Ridge gold discovery, which makes these targets a little more attractive.
 read more


Tuesday, June 14, 2016 Derek Macpherson

Gold Bull is Starting to Run

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Evidence suggests that we are in the early stages of a new bull market for precious metals, particularly since funds continued to flow into physical precious metal ETFs during the late May decline in prices. While we believe a longer-term bull market has begun, near-term, it is likely this week’s U.S. Federal Reserve Board meeting could be a short-term headwind, particularly after the recent run-up. However, since evidence suggests we are in a new bull market and gold moves in long cycles, a short-term pullback could be viewed as a buying opportunity. read more


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