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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@MiningBookGuyi'm getting interested in $MED and 'European focused' prospect generators in general...will have some more to say on that one as I continue DD.
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@dirkdigglerIt's interesting to note that #Cook is an advisor to the company, though his involvement won't really come in until there's a major discovery. Boticas is the current focus - currently being drilled. But there's the recently acquired Marrancos Gold Project, which Dan wants to drill in the Fall. I'm curious to see if they'll break the PG biz model and go that one alone. Dan James is very approachable btw.....easy to reach and eager to talk. $MED
@ExcelsiorI like having exposure to $SNG through $SMD Strategic Metals
Strategic's large portfolio of marketable securities provides upside exposure to several large exploration projects. Major shareholdings include:
8.3% interest in $ATC ATAC Resources Ltd., which is developing Canada's only Carlin-type gold district at its Rackla Gold Project in east-central Yukon;
41.4% interest in $RK Rockhaven Resources Ltd., which is advancing one of the highest grade gold deposits ever discovered in Yukon towards production;
33.4% interest in $PRG Precipitate Gold Corp., which is advancing their flagship Juan de Herrera project located within the emerging Tireo Gold Camp in the Dominican Republic; and
**16.5% interest in $SNG Silver Range Resources Ltd., which currently owns 4 highly prospective zinc-lead±silver projects in Yukon Territory and several high grade gold projects located in NWT, Nunavut and Nevada.
Check out the full list of equities that $SMD holds at this link #Impressivehttp://www.strategicmetalsltd.com/investors/stock-holdings
@ExcelsiorI put up a post on the KER regarding $RZZ and $GZZ and figured it was worth posting here in the ~ProspectGenerator room in case anyone was interested. #Royalties#Streaming
"Both Abitibi Royalties (RZZ) and Golden Valley Mines (GZZ) are benefiting for all the work $AEM Agnico Eagle and $AUY Yamana are doing to unlock the value in that deposit.
"As we’ve discussed here on the KER dozens of times now – Golden Valley Mines is the better way to play all of this, and it has really out-performed Abitibi Royalties over the last year, and will continue to do so if investors evaluate things correctly."
"Golden Valley Mines (GZZ) is the company that spun out Abitibi Royalties in the first place, to Rob McEwen’s protege — Ian Ball. So often when I discuss royalty companies or prospect generators with other investors , and we get on to Abitibi, very few realize that Golden Valley was the mother ship, and retains 49% of their company. Basically they own HALF.
Ian and the Abitibi team have done a good job of finding other opportunities (like their pickup of the Red Lake royalties from another company I’m following Frontline Gold $FGC and the McFaulds Lake Property with Zinc/Copper/Silver targets)."
GZZ owns 49.4% of Abitibi Royalties (RZZ-TSXV); RZZ owns royalties on parts of the Canadian MalarticMine
- $RZZ has 3% NSR in MalarticCHL Property, located contiguous and immediately East of the producing Canadian MalarticMine and main open pit; NSR royalties include the Odyssey North Zone, Jeffrey Zone and portions of BarnatEast Zone
- $RZZ also has 2% NSR on portions of the Gouldie Zone and Charlie Zone
- $AEM / $YRI recently indicated that the previously established $13.5 million budget for the 2016 exploration program on Odyssey has been increased again (originally set at $8 million)*
-A total of 113 holes (89,774 metres) has been completed by Agnico-Eagle and Yamana, with drilling expected to continue through year-end *
-An initial inferred mineral resource estimate for the Odyssey is expected early in 2017
* The fact that Golden Valley mines (GZZ) owns 5,605,246 shares of Abitibi Royalties (TSXV:RZZ) (49%) of all these activities makes it the way to get exposure to this.
IN ADDITION, to that (GZZ) has a number of other irons in the fire, that make them the superior play.
- $GZZ owns 4,148,374 shares of $SOI Sirios Resources Inc.
-2.5 –4% NSR on the Cheechoo Prospect
** Active Joint Ventures
—> (GZZ) currently owns 100% of Lac Barry Prospect (working it with BonTerra)
- $GZZ granted an option to BonTerra Resources Inc. $BTR to acquire an 85% interest in the Lac Berry Prospect (deal announced March 11, 2016)
-To earn 85%, BonTerra must complete the following:
-Issue to $GZZ a value of $200,000 of $BTR common shares (issued)
-Incur expenditures of $2 million over 3 year period
-Upon exercise, $GZZ will retain a 15% free carried interest (“FCI”) and a 3% NSR, with 1% of the NSR being subject to a buyback for $1 million
*** Share ownerships
-49.4% of $RZZ -60% of $KZZ (7,763,634 shares)
-4% of $SOI -22.4% of $VZZ.H (4,170,910 shares)
Golden Valley recently granted an option to Uranium Valley to acquire a 100% interest in 62 of its grassroots properties
-Uranium Valley must incur $4,000,000 of exploration expenditures on the properties before December 31, 2021 ($500,000 before December 31, 2018; $750,000 before December 31, 2019; $1,000,000 before December 31, 2020 and $1,750,000 to be incurred on or before December 31, 2021)
-Uranium Valley will issue 10,000,000 common shares to Golden Valley at $0.20 per share for ($2 million value)
-Uranium Valley has granted Golden Valley a 1% NSR on the 62 properties
Golden Valley Mines – Corporate Presentation
1 year #LineChart of $RZZ and $GZZ showing the outperformance of Golden Valley Mines
[and rightfully so, as it has so much more exposure to other projects like Bonterra, Sirios Resources, Nunavik Nickel Mines, and Uranium Valley Mines].
@ExcelsiorPDAC 2017: Sprott’s Rick Rule likes #ProspectGenerators
SALMA TARIKH MARCH 16, 2017 ~Prospectgenerator
“Rule’s top names include prospector-turned-royalty generator $EMX Eurasian Minerals and prospect generator $RRI Riverside Resources. Sprott Global Resource Investments currently holds 13.5% of Riverside and 8.9% of Eurasian.”
“Simply put, prospect generators focus on adding value through exploration before attracting a buyer or partner to further advance the project.”
“We see a dearth of exploration taking place, and arithmetically our experience has been the most efficient form of exploration finance is in prospect generators, where our money provides working capital for the assemblage of intellectual capital, where the risk is farmed out to others,” Rule says.
Asked what he liked about Eurasian’s properties or the company, which expanded its prospect generation business model to include #royalties, Rule responded he does not “fall in love with properties.”