RCKS Talk

15-Jun-2018

Anaconda Mining Inc.

Anaconda Improves its Odds of Completing Hostile Takeover of Maritime

Impact: Mildly Positive

 

Anaconda has received shareholder approval for the issuance of shares in connection to its proposed take-over bid for Maritime Resources.
  • This step removes a significant condition of the acquisition
  • We believe this potentially increases the odds of the acquisition being completed
Anaconda continues to trade at discount to peers (0.33x NAV, peers 0.58x); ongoing exploration success and the completion of the Maritime acquisition should close the gap to peers.

15-Jun-2018

De Grey Mining Ltd.

New Shallow Gold Zones Identified at Mallina

Impact: Positive

Drilling at the Mallina deposit continues to yield positive results as De Grey continues to expand its Pilbara gold assets. The stacked en-echelon lode type deposit has a strike length of 3km and is open at depth and along strike, with high potential for discovery of additional lodes and linking structures.
  • New shallow gold zones identified with 30 holes intersecting greater than 10g*m, which strengthening the continuity of mineralization and are likely to be included in the new expanded PFS open pit shells
  • Deposit continues to grow with each round of drilling and remains open along the strike of 3km and at depth
  • An updated 2018 global resource estimate is planned to be completed once the results have been received for all drilling across the Pilbara Gold Project up to the end of June
Our preliminary valuation of De Grey’s hard rock assets of A$0.15-0.23/share did not account for the likely resource growth demonstrated by these results. We continue to believe that De Grey’s current valuation provides investors a low-cost option on the conglomerates which is underpinned by traditional hard rock assets with resource growth potential. Next catalyst includes a PFS for the company’s Pilbara Gold Project (Q4 2018), preceded by ongoing exploration results.

15-Jun-2018

Monarques Gold Corp.

Initial Resource at McKenzie Break Adds to Regional Plan

Impact: Mildly Positive

Monarques Gold announced a maiden resource estimate for its McKenzie Break project in Quebec. The company released two resource scenarios: a combination open-pit and underground and an underground only scenario.

  • Maiden resource at McKenzie Break provides development options
  • McKenzie Break fits into the company’s larger plans to have multiple satellite deposits feed its two permitted milling operations
Monarques continues to trade at a discount to peers (C$16/oz vs. peers at C$36/oz) and we believe the upcoming resource expansion drilling and technical studies including a conceptual study on Wasamac should help close the valuation gap to peers.

14-Jun-2018

Metanor Resources Inc.

Metanor Intersects 5.0g/t over 12.1m at Barry

Impact: Mildly Positive

Metanor Resources has released results from the Barry project intended as infill drilling of the South-Eastern portion at depth and to test the felsic intrusive on the western extent of the deposit, which intersected 5.0g/t Au over 12.1m.
  • Drill highlights include: 15.7g/t Au over 2.4m, 14.6g/t over 1.8m, 12.2g.t over 2.7m and 14.2g/t over 1.2m
  • Infill results continue to demonstrate the continuity and predictability of the shear-hosted gold deposit over a strike length of 1.1km
  • Metanor continues on schedule with the development of the Barry ramp, which is planned to provide access to underground drill bays and extraction of the bulk sample in Q4 2018
With the only permitted mill in the Urban-Barry camp and an expectation for meaningful resource growth, Metanor’s $57M market cap (EV$ 52M) suggests it is undervalued relative to other Urban-Barry camp peers, which are development stage.

13-Jun-2018

Bonterra Resources Inc.

Bonterra Intersects 44.9 g/t over 3m

Impact: Mildy Positive

Bonterra Resources announced further infill drill results at Gladiator, which includes the intersection of 44.9g/t Au over 3.0m extending a high-grade ore shoot at the Footwall Zone of their Gladiator Gold project.

  • North Zone extended ~150m down-plunge east and down-plunge in the western part of the deposit at the Rivage area, total drilled strike length of Gladiator now at 1,200m
  • Drilling to date shows high-grade continuity down-dip and along strike in all five primary zones
  • Bonterra continues to aggressively drill Gladiator to extend and develop the deposit in preparation for an updated mineral resource estimate in H2 2018
Given our expectation for meaningful resource growth at its flagship Gladiator deposit, assuming a 2M oz Au resource at Gladiator, Bonterra trades at a discount to peers (C$21/oz vs. peers at C$39/oz).

Search All Posts

Categories

  1. Company Comment
    • (1)
    • (2)
    • (3)
    • (4)
    • (5)
    • (6)
    • (7)
    • (8)
    • (9)
    • (10)
    • (11)
    • (12)
    • (13)
    • (14)
    • (15)
    • (16)
    • (17)
    • (18)
    • (19)
    • (20)
    • (21)
    • (22)
    • (23)
    • (24)
    • (25)
    • (26)
    • (27)
    • (28)
    • (29)
    • (30)
    • (31)
    • (32)
    • (33)
    • (34)
    • (35)
    • (36)
    • (37)
    • (38)
    • (39)
    • (40)
    • (41)
    • (42)
    • (43)
    • (44)
    • (45)
    • (46)
    • (47)
    • (48)
    • (49)
    • (50)
    • (51)
    • (52)
    • (53)
    • (54)
    • (55)
    • (56)
    • (57)
    • (58)

Blog Archive

  1. June 2018
    • (1)
    • (2)
    • (3)
    • (4)
    • (5)
    • (6)
    • (7)
    • (8)
    • (9)
    • (10)
    • (11)
    • (12)
    • (13)
    • (14)
    • (15)
    • (16)
    • (17)
    • (18)
    • (19)
    • (20)
    • (21)
    • (22)
    • (23)
  2. May 2018
    • (1)
    • (2)
    • (3)
    • (4)
    • (5)
    • (6)
    • (7)
    • (8)
    • (9)
    • (10)
    • (11)
    • (12)
    • (13)
    • (14)
    • (15)
    • (16)
    • (17)
    • (18)
    • (19)
    • (20)
    • (21)
    • (22)
    • (23)
    • (24)
    • (25)
    • (26)
    • (27)
    • (28)
    • (29)
    • (30)
    • (31)
    • (32)
    • (33)
    • (34)
    • (35)
    • (36)
    • (37)
    • (38)
    • (39)
    • (40)
    • (41)
    • (42)
    • (43)
    • (44)
    • (45)
    • (46)
    • (47)
    • (48)
    • (49)
    • (50)
  3. April 2018
    • (1)
    • (2)
    • (3)
    • (4)
    • (5)
    • (6)
    • (7)
    • (8)
    • (9)
    • (10)
    • (11)
    • (12)
    • (13)
    • (14)
    • (15)
    • (16)
    • (17)
    • (18)
    • (19)
    • (20)
    • (21)
    • (22)
    • (23)
    • (24)
    • (25)
    • (26)
    • (27)
    • (28)
    • (29)
    • (30)
    • (31)
    • (32)
    • (33)
    • (34)
    • (35)
    • (36)
    • (37)
    • (38)
    • (39)
    • (40)
    • (41)
  4. March 2018
    • (1)
    • (2)
    • (3)
    • (4)
    • (5)
    • (6)
    • (7)
    • (8)
    • (9)
    • (10)
    • (11)
    • (12)
  5. February 2018
    • (1)
  6. January 2018
    • (1)

 

RISK WARNING:

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.

 

By accessing this website you agree to be bound by our Terms of Use and Privacy Policy.

 

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.

© Copyright 2018 Red Cloud Klondike Strike Inc. All rights reserved.