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Conglomerate gold potential at De Grey’s Loudens West target provides a potential sweetener in both grade and ounces to the company’s hard rock assets. The company has announced the results of three small tonnage (250kg) bulk samples at Loudens West, which supports our view for the company’s conglomerate gold optionality in the Pilbara of Western Australia, which we do not currently factor into our estimates.Highlights:
Anaconda Mining’s financials reflect strong Q3 operating results. Anaconda released Q3 financials results that were roughly in-line with our estimates (strong operating results were pre- released last month). Financial and operating performance supports our view that production and costs are benefiting as higher grade Stog’er Tight ore is being processed. Improved operating cash flow should allow the company to partially fund the ongoing development work at Goldboro. Anaconda is steeply discounted relative to peers despite continued strong operating performance. We believe the advancement of Goldboro should help re-rate the stock.
De Grey’s most recent drill results indicate increased underground potential at Withnell and should add scale to the development plan. Drilling beneath the Withnell pit continues to deliver encouraging underground grades and widths and De Grey has now defined an underground exploration target of 330-720k oz. This success supports our view, that the resource is likely to grow materially and that De Grey may be able to develop a project of +100k oz per year at its Pilbara Gold Project.Highlights:
We are publishing our initial estimates on SolGold Plc with a NAVPS 8% of C$1.30. SolGold’s Alpala deposit is a world-class copper project with significant exploration upside. We believe SolGold’s asset suit is coveted by multiple major miners that may lead to a competitive takeout scenario over the next two years. We view Alpala and the wider Cascabel project as a world-class deposit with scale potential that separates it from the pack. We believe the maiden resource is set to double in December with room to grow further. As a result, we believe that the significant interest that major copper miners already have in SolGold is about to heat up.Investment Thesis:
Amarillo Gold has announced drill results from the ongoing infill drill program at its Mara Rosa open-pit project in Brazil. The company’s goal is to upgrade the current inferred resource ahead of a feasibility study (H1/19). We expect the current M&I of 1.27Moz Au grading 1.30g/t Au to grow. These results support our thesis that Amarillo’s Mara Rosa project is a highly undervalued development asset in the hands of a proven development team, where drilling and the upcoming feasibility study should gain market support. 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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