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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.
@StarFire@Excelsior thanks for the invite. I haven't gone big into the royalty companies but see their long term merits...I don't have anything super juicy at the moment but I accumulated $GUG and mentioned it a few times.. Mkt cap maybe $2.5 million and should receive $5mill on a royalty over the years to come
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@Excelsior@StarFire - Nice. I'm not really that familiar with $GUG but will check it out. If you have any thoughts, articles, editorials, perspectives, or anything relative to the streaming companies or companies that have a royalty or multiple royalties that you think are relevant then this a panel for those kinds of exchanges. Welcome aboard!
Quebec’s Emerging Minerals Masters
October 11, 2016 By Thom Calandra
"The zed-complex, GZZ (Golden Valley Mines) and RZZ (Abitibi Royalties) being the two best known of Mr. Mullan’s 5-year gambit on under-appreciated Malartic-area rock and soils, have royalty and contractual ties to Canadian Malartic’s two blue-chip owners. The next stock-burst of the two companies’ market-priced parabolas might happen when Agnico-Eagle and Yamana Gold release drill assays from the Odyssey Zone, a swatch of #gold whose 2 million to who knows, 4 million ounces of 2-gram gold is more than 1-gram better than Canadian Malartic Mine’s tonnage."
"Those assays, we hear from Agnico-Eagle and joint venture partner Yamana Gold, could come by December 2016. RZZ (Abitibi Royalties) and its parent Golden Valley Mines (GZZ Canada ticker) and their shareholders will be watching closely when Canadian #Malartic operators Agnico-Eagle and Yamana reveal more data from that already documented rich zone. No teasing there as further Odyssey Zone drilling data could spark a takeover of well endowed Abitibi Royalties."
@ExcelsiorUpdate: TCR Network’s Zed-Letter Day ~Royaltiesandstreams
November 1, 2016 By Thom Calandra #Royalties#ProspectGenerator$RZZ$ATBYF$GZZ$GLVMF
"Those that make the grade in this report card, with Monday events to boot: Golden Valley Mines and its winning Abitibi Royalties, part of Glenn Mullan’s zed-complex — $GZZ, $RZZ and three other Quebec explorers, stakers and royalty companies."
"The RZZ, Abitibi Royalties, is likely to see greater and greater #royalty payments from the northern section of Odyssey Zone at Canada’s largest gold mine, Malartic, rise sharply in coming months. Royalties in the mining sense are usually net smelter returns that send cash to the royalty holders for a processed product, usually gold, or silver, or copper."
"Please read the latest RZZ report out Monday; I spent part of last week with Mr. Mullan. His appointed CEO, Ian Ball, will be updating Abitibi’s many moving Quebec parts tomorrow in the BNN business network — Canada TV. Last time he did, the RZZ stock roared. UPDATE: Ian Ball’s Interview Boosts Shares Tuesday:"
"...in particular GZZ, owner of 54 percent (with board ownership so as to avoid a repeat of a hostile cheap bid the likes of which happened to Glenn Mullan seven or eight years ago with Canadian Royalties) of RZZ, have millions of shares of big and small companies (such as Sirios Resources) in the treasury — along with about 70 fully claimed and staked concessions across Quebec and Ontario. The cash and Alnico-Eagle and Yamana shares total about $50 million for the $100 million market cap Abitibi Royalties. (CAD)"
"At some point soon, Agnico-Eagle and/or Yamana could purchase all of RZZ for twice its current worth or more, and than cancel the shares of AEM and AUY that RZZ owns. Meantime, GZZ will start shifting many of its 75-odd property concessions to VZZ (Uranium Valley Mines). If you can buy any of these without moving the price — except oddly for the most valuable one, Golden Valley Mines, the GZZ mother-ship — do it: GZZ, RZZ, KZZ, VZZ and the newest, JZZ, called Cleghorn Minerals. I am an active buyer of GZZ, RZZ and if I can find them, VZZ (which will be the general prospector as Golden Valley Mines becomes a holding company with securities of Quebec, Ontario and other miners and prospectors."
"Once again, the 3 percent royalty on the Odyssey Zone at Malartic could produce $50 an ounce for each once of gold mined on Odyssey Zone property. Yamana Gold has 9 drill rigs working that zone, making it one of the most active exploration projects in Canada. Potential buyers of Abitibi Royalties: Sandstorm, Franco-Nevada, Yamana, Alnico-Eagle, even Silver Wheaton."
"Silver Wheaton is the largest pure precious metals streaming company in the world. The Company has entered into agreements to purchase all or a portion of the silver and/or gold production from high-quality mines located in generally politically stable regions around the globe for an upfront payment and an additional payment upon delivery of the precious metal."
Silver Wheaton currently has streaming agreements for 22 operating mines and 8 development stage projects. Here is the map and list of the Silver Wheaton Streams http://www.silverwheaton.com/streams/default.aspx
November 10, 2016
Third Quarter Financial Results Conference Call will be held Thursday, November 10, 2016, starting at 11:00 am ET.
Silver Wheaton Corporate Presentation - September 2016 http://www.silverwheaton.com/investors/presentations/default.aspx
@ExcelsiorIf anyone has any thoughts, observations, opportunities, criticisms, trends, developing situations or news on any Royalty or Streaming companies then they are always welcome in this panel. ~Royaltiesandstreams
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@PamplonaTraderIf you missed out on CIA, FNC has a 1.5% NSR on the Fermont Iron Ore district. $FNC also owns a bunch of CIA shares. Best kept secret in the royalty and prospect generator space.
@EvenPrime@pamplonatrader@excelsior I'm wondering what your opinion is on the seeking alpha article on $AMI in which the author believes they should drop Kemess and move on. I'm split down the middle. And I have a feeling so are a lot of other people as the share price is indicating.
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@PamplonaTraderI think they should acquire permits then spin out or sell Kemess, while retaining a royalty. I've been saying this for a while now. Kemess is burning a hole in their pocket.
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@Excelsior@EvenPrime - I agreed with some of the points in the $AMI article; that their identity would be a bit more clear to the investing community if they focused on just being a #royalty company. I don't mind some exploration work being done on prospective projects, but they've been churning through their revenues chasing this Kemess project, and it may not be the best course forward.
Their #prospectgenerator strategy of JVing their projects out to other companies and retaining the Net Smelter Royalties would complement the royalty base they already have under their umbrella, and they'd quit liquidating those revenues from royalties on Kemess. If they feel strongly about the merits of Kemess then like @PamplonaTrader mentioned, spin it out, or JV it to another developer for the royalty..... then move forward growing their asset base.
@LTR#Zinc$FOM$CNX$CZC Copper Reef, with numerous basemetal and gold properties throughout the Flin Flon - Snow Lake and Lynn Lake Greenstone Belts of Saskatchewan and Manitoba is currently focussing on its North Star-Gold Rock group, where the company has discovered a new high grade gold vein and on its Leo Lake basemetal group in the main Flin Flon camp adjacent to CALINEX'S recent high grade Pine Bay zinc discovery on which Copper Reef has a royalty.
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@Excelsior@LTR - Thanks. Interesting information on $CZC Copper Reef in relation to $CNX Calinex. I didn't know about that #royalty either. Good stuff.
@Excelsior$RZZ Abitibi Royalties Increases #Royalty Holdings in the Red Lake District
Royalties Acquired Near $G Goldcorp’s Red Lake Mine & $PGM Pure Gold’s Madsen Mine
#GOLD#RedLake#Madsen#Royalties~royalatiesandstreams also good for $GZZ$GLVMF
Val-d’Or, Québec, November 29, 2016 – Abitibi Royalties Inc. $RZZ$ATBYF is pleased to announce that the Company has partnered with AuRico Metals Inc. $AMI$ARCTF for the purpose of entering into an agreement with Frontline Gold Corporation $FGC$FLDPF that allows each company to acquire a 1% net smelter royalty (“NSR”) on several early stage exploration projects in the Red Lake district. The exploration projects are located south of Goldcorp’s Red Lake mine, with the largest claim package adjoining Pure Gold’s Madsen mine to the east and south.
These acquisitions will build on the Company’s Red Lake royalty portfolio, which also includes a 2% NSR on the White Horse Island Project (also owned by Frontline), situated between the Goldcorp / Premier Gold Rahill-Bonanza Gold Property and Premier Gold’s Hasaga Gold Property. A total of fourteen royalties have now been purchased near existing mines since the Company’s “Royalty Search” was launched in June 2015…”
http://www.abitibiroyalties.com/news/2016/november29/$FGC$FLDPF Frontline Increases Exploration Properties in the Red Lake District and Sells Royalties - by @newsfile on November 29, 2016
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@JamesKwantesDon't think it got tagged here but $SMD just renewed its share buyback program. With the stock trading near cash+shareholdings I would expect them to use it this year (they didn't in the last 12 mos)
@ExcelsiorHere is a great comment from @FundamentalAnalysis dealing with #Streaming.
"In regards to the above and a company I now own $SSL have always shown positive free cash flow, and they almost always will. Now people ask why has the share price gone up and down if that's the case. Well because they haven't earnt enough to make up for the cash flow investments they have made. Free cash flow typically includes cash for sustaining capital, but for streamers this cost doesn't exisit. A good royalty/streamer company over the long term will always have cumulative FCF that's over the Cash flow into investments made. What makes streaming/royalties a lot tougher as a business is not just the DD, but due to competition, returns are suprisingly low despite being stable. $FNV after operating all these years has a small surplus but they have also paid out dividends for many years. So their return from investments is only in the order of 3% per year (number quote from Nolan watson- and which I've cross checked to be approximately to date true)."
@Excelsior$AMI AuRico Metals to Acquire $KSK Kiska Metals
Dec. 22, 2016 /CNW/ -
"Under the terms of the Agreement, the holders of common shares of Kiska, other than AuRico, will receive approximately: (i) 0.0667 of an AuRico common share, plus (ii) C$0.016 in cash for each Kiska Share held. Based on AuRico's December 22, 2016 closing share price, the Arrangement values the Kiska Shares at approximately C$0.078 per share. The total value of this Arrangement is approximately C$9.6 million. The number of AuRico Shares to be issued as part of the Arrangement is approximately 8.2 million, assuming conversion of Kiska's in-the-money options and warrants, representing approximately 5.5% of the current issued and outstanding AuRico Shares...." #TakeOver#Merger#Gold#Royalties#ProspectGenerator~royaltiesandstreamshttp://www.newswire.ca/news-releases/aurico-metals-to-acquire-kiska-metals-607975676.html
@NewtonMy concern about #coal for $MOX is that it is a 'dependency market'. Not sure how widely this idea is known/used, as I heard it from terrajoule.us on #RealVisionTV. Basic idea is that coal is still widely used, but has limited growth potential on demand side. Markets like that can have periodic rallies in prices, but they are not really sustainable bull runs to higher levels. Expect reversion back down. That line of thinking makes me uncomfortable about coal because it is 'when it goes back down' -- not 'if it goes back down'. Makes me think you have to look at coal as trade rather than long-term hold. Cheap valuations available make for good potential trades, #jamestrades, so maybe something there to $MOX. Thanks @James for article on the stock!
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@ExcelsiorAbitibi Royalties Update on Canadian Malartic Mine Royalties Plus Two New #Royalties Acquired Near the Rainy River Mine & 777 Mine
(Marketwired – Feb. 21, 2017) – #Gold~royaltiesandstreams
Abitibi Royalties Inc. $RZZ$ATBYF is pleased to provide an update on the Company’s various assets, including its net smelter royalties #NSR at the Canadian #Malartic Mine, near Val-d’Or, Québec. In addition, the Company has acquired two new royalties, which are located near $NGD New Gold’s Rainy River Mine and $HBM Hudbay’s 777 Mine.
> Malartic CHL – Odyssey North Zone (3% #NSR)
a) Initial Resource Estimate Odyssey Property
b) New Internal Zone
> Update on Barnat Extension and Jeffrey Deposits (3% #NSR)
> Possible Production Near Pit Zones 2018-2020 (2-3% #NSR)
** Abitibi “Royalty Search” – Two New #Royalties Acquired
– The Company has acquired two additional NSRs near existing mines in Canada through the Royalty Search. The first agreement, in partnership with $AMI$ARCTF AuRico Metals Inc., gives each company a 0.75% #NSR on 9 exploration properties located throughout the Rainy River district in Ontario, located near New Gold’s Rainy River Mine.
– The second NSR is an additional 1% royalty on Nordic Minerals Ltd. exploration property located approximately 5 kilometres southwest of Hudbay Minerals Inc.’s 777 mine in Manitoba.
*--- > Obviously this is also great news for Golden Valley Mines $GZZ$GLVMF as they own half of Abitibi Royalties $RZZ. 😄