The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@rodDoes anyone have thoughts about $PGM financing? Its at a 29% premium to market if my math is correct........that is a huge vote of confidence to there program at Madsen. With a new estimate in the second half of this year I would think its going to get a lot bigger.
@Excelsior@MartinTurenne - thanks Good point. I was thinking of $S as #Nickel and forgot about all the cobalt. I guess they do occur together so I'll need to review the other Nickel companies as well. There are also some #PGM companies with Nickel and Cobalt that may offer more exposure. More homework. Good stuff!
(and $S is added to the #Cobalt list)
@Excelsior@Goldfinger - What say you on the weekly compression triangle for $WG ?
It looks we are at the apex about to break out one way or another. With the move that #Platinum as has had lately, then my hunch is that this pent up energy breaks to the upside. In addition, their next round of news releases should hit prior to the #PDAC, so they can use that info for promtion at the show.
Their most recent press release was a company update back in December that really focused on all the different metallurgical test work they were doing to produce a #Copper#Nickel#PGM concentrate, or if they were going to need to produce two different concentrates. There was a bit of info on their drill campaign and permitting as well, but it seems the metallurgical testing was the next milestone they are working on. A good news release could cause the share-price to break out of the wedge.... #GotCharts?
Wellgreen Platinum $WG$WGPLF Provides Corporate Update
@Excelsior$PGM$LRTNF Pure Gold Reports Third Quarter Financial Results
(Marketwired - Feb. 10, 2017) - (TSX VENTURE:PGM) #Gold#Exploration#Drillplays
"...announced the commencement of its calendar 2017 exploration activity, which is anticipated to be a phased program. In addition to opening of the McVeigh portal and ramp to allow for detailed geological mapping and sampling, Phase I will include up to 70,000 metres of #drilling from both surface and underground. Drilling will be focused on expanding the mineral resource with wider step-outs at the McVeigh, Austin and A3 targets guided by an improved geologic understanding. Underground drilling will target near surface mineralization, with a goal of expanding the resource and providing definition of potential mining shapes. The Company plans to update its #mineralresource for the Madsen property by the end of the second half of calendar 2017, incorporating more than 150,000 metres of new #drilling completed since the last resource update;..."
@Excelsior@Goldfinger - Mark O'Dea is also involved with $PGM Pure Gold and $NXE Nexgen, besides his work with $PLG. I was impressed with what Mark did over at True Gold to build it up where $EDV Endeavour Mining bought them out. When people talk about following quality management, I'd throw him on that list as rewarding shareholders with wins.
* Mark O'Dea Ph.D., P.Geo.Director
"Dr. O’Dea has played leadership roles in founding, financing and building numerous mining companies, creating over $3 billion in shareholder value. As Co-Founder, CEO and Director, he grew Fronteer Gold from start-up to its sale in 2011 to Newmont Mining, which included the spin-out of Pilot Gold. Dr. O’Dea also co-founded and served as CEO and Director of Aurora Energy which was sold to Paladin in 2011. He co-founded True North Nickel which was sold to Royal Nickel in 2014, and most recently co-founded and served as Executive Chairman of True Gold Mining, which built the Karma Mine in Burkina Faso. True Gold was sold to Endeavour Mining in 2016. He is the founder of Oxygen Capital, and currently serves as Chairman of Pilot Gold and as Director of Pure Gold Mining and NexGen Energy. He has received numerous business and industry awards, including the Globe and Mail’s Top 40 Under 40, winner of the EY Entrepreneur Of The YearTM 2014 Pacific mining and metals category, and the AMEBC’s Murray Pezim Award for perseverance and success in financing mineral exploration."
@Excelsior@Newton - Great Article on $UCU$UURAF Ucore and their plans to capitalize increasing role of PGMs, in particular #Palladium in #EVs. It was also interesting their approach for recycling old feedstock to produce #REE and #PGM product at their "Strategic Metals Complex." Much appreciated.
new strategic investor in the stock - $1 TP, top pick status
Macquarie Capital Markets Canada Ltd.
Pure Gold Mining
C$0.60 (At 04:22, 28 February 2017 GMT)
12mth price target:
Market Cap (m):
Market Cap (m):
Current valuation (DCF):
· Today, before market open, PGM reported drill results from expansion drilling at the McVeigh & A3 targets, Madsen gold project, Red Lake Gold District, Ontario, Canada. Results were reported as uncut and for intersection length (estimated to be 50-100% true thickness, average 80%).
Impact - Incremental positive
· McVeigh drilling has now documented high-grade gold mineralization to a vertical depth of 350m as highlighted by 30g/tAu over 1.5m (hole 306) and 69g/tAu over 1.2m (hole 318). The 350m vertical depth is the deepest PGM has tested McVeigh, and we remind investors that there are high-grade intersections at ~900m vertical depth (from Claude drilling) that provide ongoing confidence that this system has scale and high potential for continuity down-plunge.
· A3 high-grade shoot expands with 58.8g/tAu over 2.0m (hole 304, includes 113.3g/t over 1m). This intersection in the Austin setting, at a 400m vertical depth, is 40m south of 25.4g/tAu over 8m (hole 229), therefore, this hole was a significant step-out [LINK]. A3 now has a +450m long plunge and is open to depth.
· Multiple plunges likely important - QFP intrusive bodies could play a key role. In looking back at our Roundup Technical Session in Jan/17 [LINK] it became more apparent that there were multiple plunge controls of mineralization. In a follow-up data review, at our Gold Explorer Conference in our management meeting, we gleaned that the steeper plunges/thicker zones in the 5km long Austin-McVeigh-Starratt gold system tend to be associated with quartz feldspar porphyry (QFP) dyke/plug intrusions. We will closely monitor whether this could be a key control.
Action and recommendation
· We think that with the new strategic investor in the stock that PGM will gain an enhanced profile and start to tack on significant share price gains as the validation resonates with the market and the 2017 expansion-oriented drill results related to the 70km drill program pour in over the next six months. We reiterate our Outperform rating and C$1.00 target and top-pick status.
Read more at http://www.stockhouse.com/companies/bullboard#C7Ah48vc9fBWZ70k.99
@NewtonHaywood out with a report on $PGM drilling announced today. Some basic background: Phase 1 of current program is 70,000M of core drilling. Four rigs testing resource expansion near existing mine infrastructure and along strike at historical Madsen mine in Ontario. Not rated by Hawood but apparently on their radar!
click to invite
@SamsonIn a good market I would expect the good news could usually send the stock price 10% higher. Alas.... $pgm
click to invite
@Samson@Excelsior. Do you have the map of $FGC's red lake properties? I want to see where their properties are located to $pgm's, especially given the recent new discovery announced by the latter
@Stargate2Narrow high grade intercepts like this are not uncommon in Red Lake and the challenge remains to to outline enough of them them in close enough confines to each other in order to demonstrate reasonable economics.....With the amount of drilling that has taken place to the present time on this project base, its obvious that its still early days in the discovery arena....
@statesideStateside Report Podcast - April 1, 2017 http://www.statesidereport.com - In this weeks episode of the Stateside Report Podcast we take a look back at the week and quarter in gold, silver, the base metals and the stocks then we talk about the press releases this past week from Canadian junior exploration companies including: East Africa Metals $EAM Pure Gold Mining $PGM Grande Portage Resources $GPG Arizona Silver Exploration $AZS Exeter Resources $XRC Engold Mines $EGM Camino Minerals $COR Iamgold $IMG Harvest Gold $HVG Alexandria Minerals $AZX Bell Copper $BCU Black Iron $BKI West African Resources $WAF Durango Resources $DGO Enforcer Gold $VEIN Crystal Lake Mining $CLM and Golden Arrow Resources $GRG We talk gold, silver, copper, lead, zinc, uranium, nickel and iron ore.
@Newton#Haywood out with a report on $BGM news today. Note that this new permit for Bonanza Ledge operation is "considered a test case for future potential production at Cow and Island Mountains". Ore to be transported 110KM by road to mill, which is operational. Tailings facilities also ready to go. Analyst notes peer group trades at EV/Oz multiple of $70+ USD, which includes $ICG, $PGM, and $OSK. The Bonanza Ledge was actually mined back in 2015, so it is good to see things back on track there.
@statesideStateside Report Podcast - April 29, 2017: http://www.statesidereport.com/ In this episode of the Stateside Report podcast we take a look back at the week in gold, silver, base metals and the stocks and then discuss the news releases from the junior sector. We talk about CEO.CA West Red Lake Gold $RLG Genesis Metals $GIS McLaren Resources $MCL Galantas Gold $GAL Enforcer Gold $VEIN Highway 50 Gold $HWY Algold Resources $ALG Camino Minerals $COR Sunset Pacific Petroleum $SPK NuLegacy Gold $NUG Condor Resources $CN Marianna Resources $MARL Pure Gold Mining $PGM Marathon Gold $MOZ Nexgen Energy $NXE Adamera Minerals $ADZ Engold Mines $EGM and Omineca Mining & Metals $OMM We talk gold, silver, oil, uranium, lead, zinc, copper and nickel.