Kaiser Bottom Fish OnlineFree trialNew StuffHow It WorksContact UsTerms of UseHome
Specializing in Canadian Stocks
SearchAdvanced Search
Welcome Guest User   (more...)
Home / Companies / KRO Profile
KRO Profile
KRO Company Profile

P2 Gold Inc (PGLD-V)
RSWeb SiteTreeForumSEDARQuoteFree
Trade DateVolumeHighLowCloseChgStatus
November 25, 202237,200$0.270$0.265$0.265($0.005)Trading
Basic Info
Listed On:TSXV: PGLD10/16/2018Sector:ResourceKey People
Issued:80,033,3497/1/2022Story Type:Feasibility DemonstrationJoseph J. Ovsenek (CEO), Grant Bond (CFO), Kenneth C. McNaughton (VP EX),
Diluted:126,355,914
JK Owns:No
Insider Stake:31%5/19/2021Tel:(604) 558-5167
Working Capital:($4,582,640)6/30/2022Email:Address
Market Cap:$21,208,837
Web Site:p2gold.com355 Burrard St #1100, Vancouver, BC, V6C 2G8, Canada
Cash Breakup:($0.07)per shTwitter:
Spec Value Rating History
Dec 15, 2020 $0.370 Bottom-Fish Spec Value New
Dec 31, 2020 $0.400 Bottom-Fish Spec Value New
Dec 14, 2021 $0.610 Fair Spec Value New
Spec Value Rating Overview Updated March 22, 2021
SV Rating: Fair Spec Value - Favorite - as of December 14, 2021: P2 Gold Inc was made a Bottom-Fish Spec Value rated 2021 Favorite at $0.40 on December 31, 2020 based on its new role as the post-Pretium exploration vehicle for Joe Ovsenek and Ken MacNaughton, the former CEO and Exploration VP for Pretium and its high grade Brucejack gold project in the Golden Triangle. On February 23, 2021 P2 Gold expanded the focus with the acquisition of an all-season advanced project in Nevada's Walker Lane called Gabbs which hosts several copper-gold porphry style deposits. This is an expensive acquisition whose closing is contingent on P2 Gold completing a $16 million private placement consisting of 32 million shares at $0.50. Gabbs will become the new flagship project for P2 Gold which in the worst case will function as a copper-gold optionality story with the existing resource, but will initially be the focus of a major system rethink by the Ovsenek/MacNaughton team which will assess the deeper potential of what they believe is a gold dominated alkaline porphyry system different from the copper porphyries at Yerington. The Golden Triangle projects optioned during the summer of 2020 have heavy vesting obligations that kick in after the second year, so these will be subjected to make or break exploration programs over the next year. P2 Gold remains Bottom-Fish Spec Value rated while we wait for the $16 million financing to close, of which USD $5 million will go to close the Gabbs acquisition, and the rest will fund 2021 exploration programs. Along with several associates Joe Ovsenek and Ken MacNaughton purchased founder stakes through a 10 million share private placement at $0.10 (no warrants) in April 2020 following a 6:1 rollback of Central Timmins Exploration Corp, a mediocre junior which went public by IPO through PI Financial on Oct 16, 2018 with a group of claims on the fringes of the mining town Timmins on the Ontario side the Abitibi Greenstone Belt. They shifted the focus to northern British Columbia, first with a 70% option on the Silver Reef project north of Hazelton where the target is a silver-zinc-lead carbonate replacement system similar to the Silver Standard deposit near Hazelton. Then in early July 2020 P2 Gold optioned up to 70% of the Todd Creek and the BAM properties in the Golden Triangle from separate vendors. And for good measure they brought Silver Standard's mine finders Bud Hillemeyer and Perry Durning back into the fold by leasing on fairly easy terms their Lost Cabin and Stockade epithermal prospects in southeastern Oregon. P2 Gold can acquire 100% of Gabbs from the Waterton private equity group for USD $5 million and 15 million shares, with another $5 million due by the earlier of a PEA completion or 2 years. The 2,800 hectare Gabbs property adjoins to the north of the former Paradise Peak Mine operated as an open pit by FMC Gold from 1986-1994 which yielded 1.6 million oz gold and 24.1 million oz silver from a high sulphidation epithermal system aged at 22 million years. FMC sold Paradise Peak to Arimetco in 1995 which also owned the Gabbs property that FMC had explored in 1991-92. Arimetco went bankrupt in 1997, Paradise Peak became an abandoned reclamation site, and the Gabbs claims lapsed until Newcrest staked them in 2002 and explored Gabbs until 2008 when it withdrew from North America. Gabbs was acquired in 2011 by St Vincent Minerals Inc whose IPO plans never materialized and was acquired by Colin Bird's AIM listed ich Galileo Resources Plc in 2014 for CAD $4.3 million. Galileo sold Gabbs to Waterton in August 2016 for USD $2.5 million, so this deal with P2 Gold is shaping up as a big score for Waterton. The Gabbs property hosts three spatially distinct porphyry style deposits called Sullivan, Lucky Strike and Gold Ledge for which 43-101 open-pittable inferred resources have been estimated at 26.2 million tonnes of 0.72 g/t gold and 0.248% copper for oxides and 46.9 million tonnes at 0.43 g/t gold and 0.27% copper for sulphides. Most of the resource is split 54% Sullivan and 46% Lucky Strike which are about 3.5 km apart. The Gold Ledge zone, which sits in between, has a resource of only 100,000 tonnes, but sits above a significant IP chargeability high modeled at a depth of 450 m that has not been tested. The copper-gold mineralization is Cretaceous aged, younger than the middle Jurassic age of the Yerington cluster of substantially larger porphyry deposits 100 km to the west. The Yerington porphyries are of the calc-alkaline type that have low gold values, whereas the porphyries at Gabbs appear to be the high K calc-alkaline variety which have higher gold values. The Sullivan and Lucky Strike zones occur as sill-like monzonite intrusives within a gabbroic complex that has not been age dated. The depositional origin of these "sills" is not understood, and it is speculated that they may have linkage to an intrusive center beneath Gold Ledge. The Car Body zone to the south for which 2.8 million tonnes of 1.39 g/t gold has been estimated appears to be an unrelated, much younger low sulphidation epithermal system. The Gabbs property has had 494 holes drilled between 1970-2011, though 320 of these holes fail the QA/QC criteria needed for 43-101 resource reporting. The average depth of past drill holes was 94 metres. P2 Gold has proposed a CAD $6 million program for 2021 that will include additional geophysical surveys to cover the entire property and 20,000 m of drilling, the majority of which will be RC. The drilling will consist mainly of infill drilling to support a PEA by Q1 of 2022, but also include chasing the Sullivan and Lucky Strike zones beyond the pit limits that defined the Newcrest drilling in 2002-2008. P2 Gold will also test the deeper IP target to see if higher grade copper-gold mineralization is present that would lend itself to underground mining as can happen with high K calc-alkaline porphyries. Most of the property falls under BLM jurisdiction and P2 Gold will for now rely on 5 acre disturbance notice of intent drill permits. P2 Gold spent $900,000 on the Silver Reef project in 2020, mainly drilling the Main Zone with spotty results. The work included sampling which highlighted the Northwest Zone, which a magnetic survey that summer while the drilling was underway showed that it is part of a linear magnetic trend called the Northwest Zone trend which P2 Gold intends to drill in early summer so that it has results in hand by late August so that it can decide whether to drill additional holes in September or drop the option. The company's highest Golden Triangle hopes lie with the BAM property optioned from Charlie Greig who staked the claims when the most recent owner let them lapse. BAM is a copper-gold prospect discovered during the 1960s when Galore Creek, 35 km to the west, and Shaft Creek, 20 km to the northwest, were found. P2 Gold conducted sampling and geophysical surveys in 2020 which highlighted the Monarch Gold Zone which P2 Gold plans to drill in July with the hope that it represents a copper-gold porphyry system more like Galore Creek than Shaft Creek. The 32,000 hectare Todd Creek project owned by ArcWest Exploration has also been around for decades and is an expensive option, but Ovsenek and MacNaughton optioned it because they see potential for Brucejack style high grade gold zones which they know how to make or break over the next year. As far as the Oregon properties are concerned, Lost Cabin is a high sulphidation epithermal system which Camino had under lease for a while, and Stockade is a newer low sulphidation epithermal system generated by the Bud and Perry team for Tom Kaplan's Electrum group which was dropped without drilling to the hypothesized boiling zone depth. It is not clear that any money will be allocated to the Oregon prospects in 2021. If P2 Gold closes its $16 million private placement it will have 76.5 million issued and 87.5 million fully diluted. It will be sufficiently funded to advance the Gabbs project in Nevada while conducting make or break drill programs on the northern BC prospects during 2021. P2 Gold Inc is a Favorite that started as a people bet on Joe Ovsenek and Ken MacNaughton who started during the 1990's with Silver Standard and played key roles during the past decade at the Pretium spinout. It is not a slam dunk because the initial BC properties optioned for P2 Gold are exploration plays that may not deliver discoveries that justify maintaining the earn-in options. Gabbs is a more advanced project in a year-round jurisdiction where money spent on feasibility demonstration could show that Gabbs can be developed as a profitable open-pit, milling-flotation copper-gold mine, but where there is also exploration potential at depth which could lead to a much bigger and possibly richer underlying copper-gold system. The key milestone is closing that $16 million financing.
What's Next?
Updated July 29, 2021: P2 Gold Inc was made a Bottom-Fish Spec Value rated 2021 Favorite at $0.40 on December 31, 2020 based on its new role as the post-Pretium exploration vehicle for Joe Ovsenek and Ken MacNaughton, the former CEO and Exploration VP for Pretium and its high grade Brucejack gold project in the Golden Triangle. In late February 2021 P2 Gold expanded its focus with the proposed acquisition of the advanced copper-gold porphyry Gabbs project in Nevada which will allow the company to work year round on a geology rethink play where the worst case outcome is a PEA in Q1 of 2023 which demonstrates the feasibility of open pit mining and milling the existing combined oxide and sulphide inferred resource of 73.1 million tonnes at 0.53 g/t gold and 0.26% copper. The more optimistic outcome is that deeper exploration allows the open-pittable resource to be doubled to 150 million tonnes without a decline in grade, while the bluesky exploration outcome resides in demonstrating that the near surface porphyry zones originate from an untested 450 m deep IP chargeability high anomaly interpreted to be a high K calc-alkaline intrusive center sufficiently enriched with copper and gold to support an underground block-caving mine. The basis for P2 Gold's Bottom-Fish Spec Value rated Favorite status is provided in SVR Overview Tracker March 22, 2021. The Gabbs acquisition and exploration plans were supposed to be funded by a $16 million private placement consisting of 32 million shares at $0.50 announced in late February along with the Gabbs deal and amended in early April to include a full warrant at $0.85 for 2 years and an acceleration clause at $1.50. The evaporation of market interest in the junior resource sector by both retail and institutional audiences was so bad that P2 Gold closed only $5.94 million on May 17, 2021 of which Ken and Joe personally ponied up $3.5 million with the rest taken by retail investors. This financing comes free trading in mid September but should not pose much of a clip and flip problem. The Gabbs vendor, Waterton, which is now the largest shareholder at 15 million shares, amended the deal so that only USD $1 million was due up front with the remaining $4 million in a year. P2 Gold was able to raise another $1.75 million in flow-through which is earmarked for the optioned projects in northwestern British Columbia. Although the downsized financing left P2Gold with only $6 million working capital, it did preserve the structure of the junior so that an uptrend can develop more easily (56.4 million issued 87.5 million diluted). The stock sagged in the aftermath of the financing while P2 Gold mobilized drill programs for the BAM and Gabbs projects. P2 Gold has 2 gold focused projects within the Golden Triangle, BAM and Todd Creek, and two CRD style silver projects to the east, Silver Reef optioned in 2019, and Natlan optioned in 2021. The BAM project is a former copper prospect where field work in 2020 generated a gold-in-soil anomaly with associated IP targets called Monarch on which P2 Gold conducted a 1,000 m drill program of 100-200 m deep holes. The target is interpreted as the sort of epithermal system associated with a deeper porphyry system which management believes is a Galore Creek type. The holes apparently yielded decent sulphide intervals but only assays will reveal the gold-silver content. If assays are received by late August and indicate a discovery P2 Gold will drill a few more holes before winter shuts everything down. The other 3 BC properties will only receive target development work this summer. P2 Gold has completed an MT geophysical survey at Todd Creek where the goal is to find a Brucejack style epithermal system. The interpretation of the MT survey is still pending. The primary focus over the next 18 months will be the Gabbs copper-gold project in Nevada where the goal is to deliver a PEA by early 2023. The Gabbs property hosts three spatially distinct porphyry style deposits called Sullivan, Lucky Strike and Gold Ledge for which 43-101 open-pittable inferred resources have been estimated at 26.2 million tonnes of 0.72 g/t gold and 0.248% copper for oxides and 46.9 million tonnes at 0.43 g/t gold and 0.27% copper for sulphides. Most of the resource is split 54% Sullivan and 46% Lucky Strike which are about 3.5 km apart. The Gold Ledge zone, which sits in between, has a resource of only 100,000 tonnes, but sits above a significant IP chargeability high modeled at a depth of 450 m that has not been tested. The copper-gold mineralization is Cretaceous aged, younger than the middle Jurassic age of the Yerington cluster of substantially larger porphyry deposits 100 km to the west. The Yerington porphyries are of the calc-alkaline type that have low gold values, whereas the porphyries at Gabbs appear to be the high K calc-alkaline variety which have higher gold values. The Sullivan and Lucky Strike zones occur as sill-like monzonite intrusives within a gabbroic complex that has not been age dated. The depositional origin of these "sills" is not understood, and it is speculated that they may have linkage to an intrusive center beneath Gold Ledge. The Car Body zone to the south for which 2.8 million tonnes of 1.39 g/t gold has been estimated appears to be an unrelated, much younger low sulphidation epithermal system. The Gabbs property has had 494 holes drilled between 1970-2011, though 320 of these holes fail the QA/QC criteria needed for 43-101 resource reporting. The average depth of past drill holes was 94 metres. Most of the historical drilling involved percussion holes. P2 Gold started a 1,500 m drill program in July 2021 consisting of about 14 core holes to a maximum depth of 250 m. The goal is to assess grades in the deeper part of the deposit and secure geological data to help define a better domain model and identify structural controls for higher grades within the Sullivan Zone. This will be followed by 8,000 m of RC drilling. An updated resource estimate is expected in mid 2022. P2 Gold has also initiated a metallurgical study using oxide mineralization from the Sullivan pit. Results are expected in late August. The overall goal is to double the existing inferred resource so as to support a future 30,000 tpd open pit operation. The data flow from Gabbs, because it mainly involves infill drilling, is unlikely to generate any sudden market move which will come gradually as investors begin to model the size of the prize, visualizing the outcome of the PEA and the economic value at various copper and gold prices. The discovery upside this year hinges on BAM results.
Milestone Timeline
ProjectProgramStartEndMilestone
GabbsTarget Testing2022 Q1 Early March2022 Q3 Late July20,000 m core & RC drilling for Carbody & Lucky Strike to provide met samples and define resource for PEA, start Mar 2022 with results end of July 2022.
GabbsMetallurgical Study2022 Q2 Early May2022 Q3 Late AugustPhase 3 met study start May for Lucky Strike and Carbody sulphides with samples from 2022 drill program.
BAMDelineation2022 Q3 Early July2022 Q3 Late SeptemberSummer drilling program to delineate the Monrach gold zone.
GabbsUpdated Resource Estimate2021 Q3 Mid July2022 Q1 Late FebruaryDrilling to support updated resource estimate began June 2021 with 5,000 m, to be followed by 20,000 m in 2022, an updated resource that incorporates Sullivan drilling is expected late February.
GabbsEconomic Study - PEA2021 Q3 Mid July2022 Q4 Late DecemberPEA started July 2020 expected to be done by end of 2022, open pit two track heap leaching and sulphide milling-flotation, 20,000 tpd mining rate based on existing resource, possible 50%-100% resource expansion.
Corporate Change History


#Old for NewLast PricePrior NameSubsequent NameDetails
Jan 14, 2020Reverse Split6:1$0.03Central Timmins Exploration Corp (CTEC-V)Central Timmins Expl Corp (CTEC-V)
Aug 31, 2020Name Change1:1$0.58Central Timmins Expl Corp (CTEC-V)P2 Gold Inc (PLGD-V)
Recommendation History
Edition Date Price
Recommendation Gain
SVF2021 12/31/2020 $0.40 Bottom-Fish Spec Value Favorite 0%
SVF2021 12/31/2021 $0.68 SV Technical Closeout 100% 70%
SVF2022 12/31/2021 $0.68 Fair Spec Value Favorite 0%
Ranking within Company's Price Range based Group
All TSX-TSXV KRO as of Nov 25, 2022Group MedianCompanyPercentileScore
Price Range:$0.20-$0.29Issued:91,601,50980,033,34953.2%30.6%
Price Group Total:139Working Cap:$2,397,733($4,582,640)7.9%
TSXV KRO as of Nov 25, 2022Group MedianCompanyPercentileScore
Price Range:$0.20-$0.29Issued:79,637,10480,033,34949.2%27.4%
Price Group Total:126Working Cap:$2,394,554($4,582,640)5.6%
Group figures exclude delisted and suspended companies. The higher the company percentile the better, based on the assumptions that the lowest issued shares and highest working capital are best. The score is the average of the percentiles. A percentile is that percentage of a group that a member ranks higher than. Note that issued and WC reflect latest financials.
Ranking Color Code:Lower than 25%25% to 50%50% to 75%Higher than 75%
Charts & Financing Activity
 Most recent 43-101 resource estimate  Prior resource estimate  PEA  PFS  FS/BFS/DFS
Private Placement Key
less than $500,000 $1,000,000 - $2,000,000 $5,000,000 - $10,000,000 $20,000,000 - $50,000,000
$500,000 - $1,000,000 $2,000,000 - $5,000,000 $10,000,000 - $20,000,000 over $50,000,000
Private placement financing dates and value ranges are based on transactions reported by the TSXV Monthly Review.
Date Company Type Quantity Price FT Units Amount Broker
Jan 3, 2019 Central Timmins Exploration Corp PP 5,000,000 $0.200 FT
$1,000,000
May 7, 2020 Central Timmins Exploration Corp PP 10,000,000 $0.050

$500,000
Sep 4, 2020 P2 Gold Inc PP 4,600,000 $0.500
Units $2,300,000
Sep 4, 2020 P2 Gold Inc PP 2,000,000 $0.600 FT
$1,200,000
Nov 26, 2020 P2 Gold Inc PP 3,560,000 $0.400
Units $1,424,000
May 19, 2021 P2 Gold Inc PP 11,898,060 $0.500
Units $5,949,030
Jun 10, 2021 P2 Gold Inc PP 2,917,170 $0.600 FT Units $1,750,302
Oct 4, 2021 P2 Gold Inc PP 2,520,000 $0.500 FT
$1,260,000
Jan 17, 2022 P2 Gold Inc PP 3,959,933 $0.770 FT Units $3,049,148
Jan 17, 2022 P2 Gold Inc PP 1,458,616 $0.840 FT Units $1,225,237
Jun 10, 2022 P2 Gold Inc PP 2,658,800 $0.500
Units $1,329,400
Jul 8, 2022 P2 Gold Inc PP 225,000 $0.500
Units $112,500
Jul 8, 2022 P2 Gold Inc PP 5,261,667 $0.600 FT Units $3,157,000
Capital
Financials Dated: June 30, 2022 Reporting Period: 6 months Year End: 12/31 Currency: CAD
Assets Liabilities Income
Cash Equivalents: $7,942,937 Current Liabilities: $13,250,710 Operating Revenues: $0
Receivables etc: $725,133 Tangible LT Debt: $68,384 Operating Cash Costs: $0
Current Assets: $8,668,070 Intangible LT Debt: $0 Operating Cash Flow: $0
Long Term Assets:$235,622Total Liabilities:$13,319,094Operating Non-Cash Costs:$0




Miscellaneous Revenue:$0
Total Assets: $8,903,692 Share Capital: $32,124,867 Cash Expenses: $4,699,268


Shareholder Deficit: ($36,540,269) Non-Cash Expenses: $792,904
Working Capital: ($4,582,640) Net Shareholder Equity: ($4,415,402) Total Expenses: $5,492,172




Overall Cash Flow:($4,699,268)
Monthly Overhead:$783,211

Net Income (Loss):($5,492,172)

Note:
Capital History
Date PeriodCash EqCurrent
Assets
Total
Assets
Current
Liabilities
Total
Liabiltiies
Share
Capital
GAINCash
Expenses
DilutedWorking
Capital
9/30/2018 9 $178,222 $209,796 $209,796 $181,487 $181,487 $840,000
$196,814 44,100,000 $28,309
12/31/2018 12 $2,068,312 $2,157,417 $2,157,417 $504,953 $504,953 $2,792,644
$508,929 56,557,500 $1,652,464
3/31/2019 3 $1,633,332 $1,791,361 $1,843,541 $604,368 $618,340 $2,792,644
$109,152 56,557,500 $1,186,993
6/30/2019 6 $1,033,409 $1,086,894 $1,129,290 $251,252 $254,874 $2,792,644
$275,896 56,557,500 $835,642
9/30/2019 9 $607,123 $668,967 $726,710 $137,403 $146,917 $2,792,644
$343,015 57,807,500 $531,564
12/31/2019 12 $570,337 $620,245 $664,435 $144,126 $149,677 $2,792,644 0% $504,602 9,659,579 $476,119
3/31/2020 3 $342,073 $374,469 $405,105 $53,980 $55,461 $2,792,644
$85,387 9,659,579 $320,489
6/30/2020 6 $605,285 $640,010 $643,271 $55,672 $55,672 $3,292,644
$210,814 20,319,579 $584,338
9/30/2020 9 $1,223,656 $1,355,868 $1,355,868 $213,382 $213,382 $6,959,759
$387,914 33,319,579 $1,142,486
12/31/2020 12 $1,634,964 $1,860,366 $1,860,366 $118,007 $118,007 $8,490,458 204% $596,139 40,354,996 $1,742,359
3/31/2021 3 $1,198,821 $1,296,247 $1,712,726 $246,387 $469,889 $8,490,458
$221,106 40,529,996 $1,049,860
6/30/2021 6 $5,748,316 $5,849,968 $6,338,661 $5,306,668 $11,142,654 $23,111,082
$21,443,194 87,292,597 $543,300
9/30/2021 9 $3,204,372 $4,231,169 $4,707,321 $5,578,381 $11,615,981 $24,131,362
$25,257,158 90,446,097 ($1,347,212)
12/31/2021 12 $7,796,236 $7,999,017 $8,452,113 $6,847,268 $12,899,281 $28,196,973 232% $26,099,884 106,473,880 $1,151,749
3/31/2022 3 $5,629,253 $5,993,662 $6,411,323 $6,707,894 $12,715,033 $28,253,798
$1,875,055 108,098,880 ($714,232)
6/30/2022 6 $7,942,937 $8,668,070 $8,903,692 $13,250,710 $13,319,094 $32,124,867
$4,699,268 125,705,914 ($4,582,640)
Structure & People
Directors, Officers and Employees: 9,989,581 12.5% AGM: May 18, 2021
Other Insiders: 15,000,000 18.7% People Tree Available
Past Reported Shareholders: 5,204,167 N/A
Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Marcus Chalk Broker 8/12/2020

100,000 0.1%
Neville Dastoor Engineer 11/10/2017
Chairman 1,075,000 1.3%
Olav Langelaar Broker 8/12/2020

20,000 0.0%
Ron MacDonald Accountant 5/7/2020

0 0.0%
Kenneth C. McNaughton Geologist 5/7/2020 VP Exploration 4,100,000 5.1%
Joseph J. Ovsenek Engineer 4/16/2020 CEO & Chairman 3,611,248 4.5%
Michelle Romero Investor Relations 1/28/2021 VP 1,083,333 1.4%
Grant Bond Accountant 6/15/2021
CFO 0 0.0%
Fred Brown Geologist 7/7/2021

Exploration Manager 0 0.0%
Waterton Precious Metals Fund II Cayman LP Merchant Banker 5/17/2021


15,000,000 18.7%
Past Insiders and Reported Shareholders - Current Ownership Status unknown - positions may be pre-rollback
Related Party Occupation Related
Since
Insider
Ended
Director
Ended

Capacity Ownership
Charles M. Gryba Engineer 10/15/2018 4/16/2020 4/16/2020
CEO & President 616,667
Christopher Hopkins Accountant 5/19/2019 10/21/2020

CFO 0
INFOR Financial Inc Private Company 10/15/2018 5/9/2019

Insider 675,000
Tineke Keesmaat Investor 5/7/2020


Insider 400,000
Julian B. Kemp Accountant 7/17/2018 11/12/2020 11/12/2020
Director 4,167
Jens Mayer Broker 10/15/2018 5/9/2019

Insider 675,000
Keith L. Peck Broker 5/7/2020


Placee 2,000,000
Arvin Ramos Accountant 4/23/2018 10/21/2020

CFO 0
Wesley Roberts Analyst 7/17/2018 5/7/2020 5/7/2020
Director 41,667
John Sullivan Geologist 7/17/2018 10/21/2020 10/21/2020
Director 16,666
Mark Wellings Engineer 10/15/2018 5/9/2019

Insider 675,000
Tom S.Q. Yip Accountant 10/21/2020 6/15/2021 6/15/2021
CFO 100,000
Share positions of current insiders based on last AGM circular, ownership % based on current Issued. Share positions of past insiders and shareholders have not been adjusted for rollbacks or splits.
Active Index Memberships
Membership Start Date:December 31, 2020Start Price:$0.40
KRO Favorites 2021: Features companies with Bottom-Fish, Fair or Good Spec value ratings that are designated 2021 Favorites, effective December 31, 2020.
Membership Start Date:December 31, 2021Start Price:$0.68
KRO Favorites 2022: Features companies designated 2022 KRO Favorites, based on closing price December 31, 2021.
Risk Analysis

Click here to view IPV Report

Key to Understanding the Spec Value Hunter Tables
Flagship Play Secondary Plays Other Plays
A Spec Value Hunter table allows speculators to identify which projects offer poor, fair or good speculative value according to the rational speculation model. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production.
Poor Speculative Value - Fair Speculative Value - Good Speculative Value -
Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits
Color Key for Target Outcome Achievability
Ranges in millions
ranked from most to least achievable
below $25 Should be Private: Artisanal, Placer, Mom & Pop Shop
$25-$50 Tiny Scale: underground mine or quarry - not worth the bother
$50-$100 Small Scale: junior needs to self-develop
$100-$250 Buyout Target: by Lower Tier Producers
$250-$500 Buyout Target: by Mid-Tier Producers
$500-$1,000 Ideal Target for Junior: Buckhorn, Sleeper
$1,000-$2,000 Almost World Class: Ekati, Red Chris, Brucejack, Juanicipio, Stibnite
$2,000-$5,000 World Class: Eskay Creek, Hemlo, Hermosa-Taylor, Oyu Tolgoi, LaRonde, McArthur
$5,000-$10,000 Giants: Escondida, Sullivan, Carlin Trend, Kidd Creek, Orapa, Kamoa-Kakula
above $10,000 Off the Scale District: Wits 1.0, Araxa, Sudbury Basin, Bayan Obo
The target outcome range required for the current implied project value to represent fair speculative value is based on the upper and lower certainty limits associated with the project stage. The color coding is based on the target outcome using the mid-point of the certainty range.
Active Company Projects
Project Location Net
Interest
Stage IPV $
MM
Fair Spec Value
Required Target
Outcome Range

$100
UPV
$500

$2000
Target Metals Deposit Style
Gabbs United States - Nevada - Nye County 100% WI 4-Infill & Metallurgy $33 $335 - $670 Gold CopperPorphyry
BAM Canada - British Columbia - Golden Triangle 100% WI 3-Discovery Delineation $33 $670 - $1,339 Gold Silver CopperIntermediate Sulphidation Epithermal
Natlan Canada - British Columbia - Northern BC 100% WI 1-Grassroots $33 $3,348 - $6,697 Silver Lead Zinc GoldCarbonate Replacement
Silver Reef Canada - British Columbia - Northern BC 100% WI 2-Target Drilling $33 $1,339 - $3,348 Silver Lead Zinc GoldCarbonate Replacement
Todd Creek Canada - British Columbia - Golden Triangle 70% WI 2-Target Drilling $48 $1,913 - $4,783 Copper GoldPorphyry
Lost Cabin United States - Oregon 100% WI 2-Target Drilling $33 $1,339 - $3,348 GoldEpithermal
Company Projects

Gabbs Project
Featured in Share Collective
GabbsUnited StatesNVNye County2,800 ha
Net Interest: 100% WI
Vested: No
Uncapped NSR/GOR: 0.00%
Ownership Terms: Agreement Feb 23, 2021 to acquire 100% from Waterton Precious Metals Fund II Cayman LP for USD $5 million and 15 million shares, plus another $5 million on completion of a PEA or within 2 years. Waterton retains 2% NSR of which 1% can be bought for $1.5 million and 1% for $5 million. On May 5, 2021 amended so that $1 million is due on closing and $4 million in 12 months.
Target Metals: Gold CopperModel: PorphyryStage: 4-Infill & Metallurgy
See Reliable Project Location Google Map in free Corporate Profile
Milestone Timeline
ProgramStartEndMilestone
Metallurgical Study2021 Q2 Early June2021 Q3 Early AugustPhase 1 met study to establish best processing scenario June-Aug 2021, Aug 4 results indicate oxide heap leaching and sulphide milling-flotation best scenario.
Target Testing2021 Q3 Mid July2021 Q4 Late December5,000 m core & RC 31 hole drill program July 20-Oct 19, 2021, assays by late Dec 2021. Confirm geology & past drilling grades, extend depth, mainly on Sullivan.
Metallurgical Study2021 Q4 Mid October2022 Q1 Late FebruaryPhase 2 met study on Sullivan oxides-sulphides started Mid Oct 2021, results late Feb 2022.
Ownership2021 Q2 Mid May2022 Q2 Mid MayGabbs acquisition deal May 2021 requires USD $4 million payment to Waterton in May 2022.
Target Testing2022 Q1 Early March2022 Q3 Late July20,000 m core & RC drilling for Carbody & Lucky Strike to provide met samples and define resource for PEA, start Mar 2022 with results end of July 2022.
Metallurgical Study2022 Q2 Early May2022 Q3 Late AugustPhase 3 met study start May for Lucky Strike and Carbody sulphides with samples from 2022 drill program.
Updated Resource Estimate2021 Q3 Mid July2022 Q1 Late FebruaryDrilling to support updated resource estimate began June 2021 with 5,000 m, to be followed by 20,000 m in 2022, an updated resource that incorporates Sullivan drilling is expected late February.
Economic Study - PEA2021 Q3 Mid July2022 Q4 Late DecemberPEA started July 2020 expected to be done by end of 2022, open pit two track heap leaching and sulphide milling-flotation, 20,000 tpd mining rate based on existing resource, possible 50%-100% resource expansion.
Base Case Resource Estimates
Project Resource Estimate - Gabbs - Oxide OP
Feb 10, 2022NI 43-101Eugene Puritch, P.Eng, P&E Mining Consultants IncCutoff: 0.35 g/t AuEq $1,675/oz Au, $3.80/lb Cu, 74% Au and 48% Cu recoveries, $2.14/t mining, $13.81/t process, $0.68/t G&A
Note: Based on 4 core and 27 RC holes in 2021 by P2 Gold, plus 494 prior holes in 1970-2011.
Resource CategoryTonnageTotal
Rock Value
MetalGradeRecoveryContained Metal% of GMV
Indicated Resources20,100,000$58/tGold0.61 g/t100.0%394,206 oz60%
Copper0.290%100.0%128,506,141 lb40%
Inferred Mineral Resources9,900,000$50/tGold0.61 g/t100.0%194,161 oz69%
Copper0.190%100.0%41,468,528 lb31%
All Categories Spot30,000,000$55/tGold0.61 g/t
588,368 oz63%
Copper0.257%
169,974,669 lb37%
Spot Gross Metal ValueMarket Cap as % of Net GMVSpot Prices Used
$1,646,040,2252.0%Gold $1,751.85/oz, Copper $3.62/lb
Project Resource Estimate - Gabbs - Sulphide OP
Feb 10, 2022NI 43-101Eugene Puritch, P.Eng, P&E Mining Consultants IncCutoff: 0.36 g/t Au Eq $1,675/oz Au, $3.80/lb Cu, 94% Au and 87% Cu recoveries, $2.14/t mining, $13.81/t process, $0.68/t G&A
Note: Based on 4 core and 27 RC holes in 2021 by P2 Gold, plus 494 prior holes in 1970-2011.
Resource CategoryTonnageTotal
Rock Value
MetalGradeRecoveryContained Metal% of GMV
Indicated Resources23,300,000$41/tGold0.34 g/t100.0%254,702 oz47%
Copper0.270%100.0%138,691,393 lb53%
Inferred Mineral Resources60,100,000$40/tGold0.35 g/t100.0%676,301 oz50%
Copper0.250%100.0%331,241,168 lb50%
All Categories Spot83,400,000$40/tGold0.35 g/t
931,003 oz49%
Copper0.256%
469,932,561 lb51%
Spot Gross Metal ValueMarket Cap as % of Net GMVSpot Prices Used
$3,332,134,2491.0%Gold $1,751.85/oz, Copper $3.62/lb
Outcome Visualization Project as of Nov 25, 2022: P2 Gold Inc: Gabbs
Project:GabbsLocation:United StatesStage:4-Infill Drilling
Net Interest:100% WIUncapped NSR:0.0%Target Metals:Gold Copper
OV Project ID:1000034OVP Posted:10/27/2021OVP Retired:
Current OV ID:1000091Current OV Confirmed:2/17/2022Visualizer:JK
Click here for Full Visualized Outcome (KRO Members Only)
Visualized Outcome: P2 Gold Inc: Gabbs - 20,000 tpd OP HL/Flot Scenario
The Gabbs project is a cluster of copper-gold deposits in Nevada that P2 Gold has acquired from Waterton and which have received considerable work in the past from various operators on which a 43-101 resource estimate for 4 zones - Sullivan, Lucky Strike, Car Body and Gold Ledge - with oxides and sulphides has been defined. The objective is to update the resource estimate and potentially expand the tonnage by extending the depth of the Sullivan and Lucky Strike zones, complete metallurgical studies to support a two track flowsheet where the oxides are heap leached and the sulphides are milled and floated to produce a copper concentrate, and deliver a PEA by the end of 2022. Because the OV model only works with a single LOM flowsheet the costs and recoveries have been averaged out to reflect the relative proportion of sulphide and oxide ore. This OV replaces the Oct 27, 2021 OV based on the 2021 43-101 inferred resource of 26,200,000 tonnes oxide at 0.72 g/t gold and 0.25% copper and 46,900,000 tonnes sulphide at 0.54 g/t gold and 0.26% copper. It is based on the Feb 10, 2022 resource estimate of 30,000,000 tonnes oxide at 0.61 g/t gold and 0.26% copper, and 83,400,000 tonnes sulphide at 0.35 g/t gold and 0.26% copper. The 20,000 tpd combined mining rate supports a 16 year mine life. The valuation upside resides in achieving better grades and expanding the mine life through bigger tonnage.
Visualized Outcome Summary: P2 Gold Inc: Gabbs - 20,000 tpd OP HL/Flot Scenario
Deposit Scenario: 113,400,000 t @ 0.26% Copper, 0.42 g/t Gold
Mining Scenario: Open Pit 20,000 tpd 15.5 yrs, CapEx $375.0 million, SustCapEx $96.0 million, OpEx $23.51/t (USD)
LOM Payable: 475.0 million lb copper, 1.3 million oz gold
Economic Outcome (USD): Revenue Model at OV designated Metal Prices

Annual AverageLife of Mine (LOM)LOM Stats
Recoverable Revenue:$266,873,079$4,145,672,211$37/t ore Recoverable Value:
   Smelter/Transport Costs:($17,970,608)($279,159,851)6.7% of Recoverable Revenue
Gross Payable Revenue:$248,902,471$3,866,512,36193.3% of Recoverable Revenue
   Royalties:$0$00.0% of Gross Payable Revenue
Net Payable Revenue:$248,902,471$3,866,512,36193.3% of Recoverable Revenue
   Mining Cost:($46,866,000)($728,028,000)26% of OpEx - $6.42/t ore
   Processing Cost:($119,793,000)($1,860,894,000)67% of OpEx - $16.41/t ore
   Other Cost:($4,964,000)($77,112,000)3% of OpEx - $0.68/t ore
   Sustaining Cost:($6,000,000)($96,000,000)3% of OpEx - $0.85/t ore
Total Operating Cost:($177,623,000)($2,762,034,000)71% of Net Payable Revenue - OpEx - $24.36/t ore
Pre-Tax Cash Flow:$71,279,471$1,104,478,36129% of Net Payable Revenue - $9.74/t ore
   Taxes:($11,569,868)($182,369,590)17% of Pre-Tax Cash Flow - $1.61/t ore
After-Tax Cash Flow:$59,709,603$922,108,77024% of Net Payable Revenue - $8.13/t ore
Note: Concentrate transport costs, smelter treatment costs and retention are subtracted from recoverable revenue to get gross payable revenue to which the uncapped royalty rate for the project is applied. The annual average of LOM sustaining cost is expensed as an annual operating cost. Annual average figures reflect full production years.
Economic Outcome (USD): Royalty Model for 1% NSR at OV designated Metal Prices
Mine Life:16 yearsStartupNPV 5%NPV 10%NPV 15%
Annual Avg NSR:$2,489,025Now$25,185,143$17,473,739$12,779,437
LOM NSR:$38,665,1242025$21,755,874$13,128,279$8,402,687
Economic Outcome - Discount Rate: 7.5% - CAD AT NPV: $209.0 million - Poor Speculative Value
Gross Rock Value (USD/t):$44Recoverable Rock Value:$37Payable Rock Value:$34
LOM Net Payable Revenue (USD):$3,866,512,361LOM PT Cash Flow (USD):$1,104,478,361LOM AT Cash Flow (USD):$922,108,770
USD Pre-Tax NPV:$246,777,655Pre-Tax IRR:17.4%Pre-Tax Payback:5.3
USD After-Tax NPV:$156,179,928After-Tax IRR:14.2%After-Tax Payback:6.0
CAD Fair Spec Value Low:$10,446,094CAD Fair Spec Value High:$20,892,189CAD Implied Project Value:$33,484,317
Price Target if Visualized Outcome delivered by Expl-Dev Cycle without dilution: CAD $1.65
Fair Speculative Value Stock Price Range: CAD $0.08 - $0.17
MSV (Market Cycle S Curve): Market Speculative Value represents the typical market pricing pattern of a new discovery as it moves through its exploration-development cycle. The irrational pricing behavior of the yellow channel contrasts with the fair speculative value of the blue channel as defined by the rational speculation model because during the pre-economic study stages there is great uncertainty about how big the discovery will turn out.
Fair Speculative Value Ladder
USD OV NPVCAD OV NPVExch RateDilutedNet Interest
$156,179,928$208,921,8901.3377126,355,914100.00%
Project StageUncertainty RangeCAD FSV RangeCAD FSV per Share RangeCAD MSV per Share Range
Grassroots 0.5% - 1.0% $1,044,609 - $2,089,219 $0.01 - $0.02 $0.02 - $0.04
Target Drilling 1.0% - 2.5% $2,089,219 - $5,223,047 $0.02 - $0.04 $0.04 - $0.08
Discovery Delineation 2.5% - 5.0% $5,223,047 - $10,446,094 $0.04 - $0.08 $0.08 - $1.24
Infill & Metallurgy 5% - 10% $10,446,094 - $20,892,189 $0.08 - $0.17 $0.83 - $1.65
PEA 10% - 25% $20,892,189 - $52,230,472 $0.17 - $0.41 $0.41 - $1.24
Prefeasibility 25% - 50% $52,230,472 - $104,460,945 $0.41 - $0.83 $0.41 - $0.83
Permitting & Feasibility 50% - 75% $104,460,945 - $156,691,417 $0.83 - $1.24 $0.41 - $0.83
Construction 75% - 100% $156,691,417 - $208,921,890 $1.24 - $1.65 $0.83 - $1.24
Production 100% $208,921,890 $1.65 $1.65 - $2.07
Market Speculative Value Stock Price Range: CAD $0.83 - $1.65
Warning: while the market spec value (S-Curve) and fair spec value channels presented in project value terms track the evolving expected ultimate outcome value, when presented in stock price terms the expected stock prices are subject to dilution through future equity financings or project interest farmouts.
Alternative Metal Price Scenarios

Metal 1Metal 2Metal 3Metal 4

CopperGold

Spot:$3.62 /lb$1,752 /oz

OV Assigned:$3.62 /lb$1,752 /oz

Pessimistic:$2.50 /lb$1,752 /oz

Optimistic:$5.00 /lb$1,752 /oz

Fantasy:$7.00 /lb$1,752 /oz

Note: for Metal 1 pessimistic, optimistic and fantasy price scenarios, OV assigned prices are used for Metals 2-4
Economic Outcomes with Alternative Metal Price Scenarios

USD PT NPVUSD PT IRRUSD AT NPVUSD AT IRRAT Payback yrs
Spot:$246,777,65517.4%$156,179,92814.2%6.0
OV Assigned:$246,777,65517.4%$156,179,92814.2%6.0
Pessimistic:($40,072,393)5.6%($62,417,902)4.4%10.7
Optimistic:$600,217,89229.7%$421,260,10624.1%3.9
Fantasy:$1,112,450,12046.5%$805,434,27737.1%2.6
Fair Speculative Value for Alternative Metal Price Scenarios
Stage: Infill & Metallurgy - 5.0% - 10.0%

CAD AT NPVCAD Target PriceCAD FSV RangeCAD FSV per Share RangeCAD MSV per Share Range
Spot:$208,921,890$1.65$10,446,094 - $20,892,189$0.08 - $0.17$0.83 - $1.65
OV Assigned:$208,921,890$1.65$10,446,094 - $20,892,189$0.08 - $0.17$0.83 - $1.65
Pessimistic:($83,496,428)($0.66)($4,174,821) - ($8,349,643)($0.03) - ($0.07)($0.33) - ($0.66)
Optimistic:$563,519,644$4.46$28,175,982 - $56,351,964$0.22 - $0.45$2.23 - $4.46
Fantasy:$1,077,429,432$8.53$53,871,472 - $107,742,943$0.43 - $0.85$4.26 - $8.53
Disclaimer: A visualized outcome is one of many possible outcomes for an exploration project as it moves through the 9 stages of the exploration-development cycle from grassroots to a producing mine with failure as an outcome at any point along the way. The range of possible outcomes for the physical nature of a deposit shrinks after delivery of an initial 43-101 resource estimate. While the nature of the deposit constrains the range of mining scenarios, the cost assumptions will vary as the project moves through the feasibility demonstration stages of the cycle, which affects the economic value of the final outcome. This economic value will also vary according to the prices of the metals targeted for extraction which may change during the years it takes for a project to become a mine. An outcome visualization is thus a compilation of best guess assumptions for the key variables that drive the discounted cash flow model, the basis for assigning an economic value to a mine. An OV is not intended as a prediction, but rather as a framework that allows the incorporation of new information generated by the exploration-development cycle for the project into a valuation model on an ongoing, dynamic basis.
.

BAM Project
Featured in Share Collective
BAMCanadaBCGolden Triangle8,100 ha
Net Interest: 100% WI
Vested: No
Uncapped NSR/GOR: 0.00%
Ownership Terms: Agreement July 2, 2020 to earn 70% for $960,000, 1,400,000 shares and $750,000 exploration over 3 years. On vesting P2 has 120 days to acquire 100% for $7.5 million of which it may pay $4 million in shares. If P2 stays at 70% it must carry the vendor for 3 years after which it converts to a 2% NSR though P2 has the right to pay $7.5 million to acquire the 30% before conversion. If the vendor ends up with a 2% NSR P2 can pruchase 1% for $2 million.
Target Metals: Gold Silver CopperModel: Intermediate Sulphidation EpithermalStage: 3-Discovery Delineation
See Reliable Project Location Google Map in free Corporate Profile
Milestone Timeline
ProgramStartEndMilestone
Delineation2022 Q2 Late May2022 Q2 Late JuneGeophysical survey to identify potential feeder zone for the Monarch gold discovery.
Delineation2022 Q3 Early July2022 Q3 Late SeptemberSummer drilling program to delineate the Monrach gold zone.

Natlan Project
Featured in Share Collective
NatlanCanadaBCNorthern BC0 ha
Net Interest: 100% WI
Vested: No
Uncapped NSR/GOR: 0.00%
Ownership Terms: Agreement July 13, 2021 to acquire 100% for $775,000 and 1,000,000 shares over 5 years, and spend $300,000 within 2 years. Vendors retain a 2% NSR which P2 Gold can buy back any time for $5 million plus inflation adjustment.
Target Metals: Silver Lead Zinc GoldModel: Carbonate ReplacementStage: 1-Grassroots
See Approximate Project Location Google Map in free Corporate Profile

Silver Reef Project
Featured in Share Collective
Silver ReefCanadaBCNorthern BC23,000 ha
Net Interest: 100% WI
Vested: No
Uncapped NSR/GOR: 0.00%
Ownership Terms: Agreement June 11, 2020 to option 70% by paying $50,000 and issuing 200,000 shares on signing, $200,000 and 200,000 shares at Y1, $500,000 and 800,000 shares on Y2, and spending $2 million by the end of Y3. Y1 expl exp is $250,000. On vesting for 70% CTEC has 120 days to purchase the remaining 30% for $7.5 million of which it can elect to pay $4 million in stock. If CTEC elects to form a 70:30 JV instead, it must fund the vendor's share for the first 3 years. If the vendor does not sell the 30% stake within those 3 years, it converts to a 3% NSR though CTEC will have the right to purchase that interest for $7.5 million prior to conversion.
Target Metals: Silver Lead Zinc GoldModel: Carbonate ReplacementStage: 2-Target Drilling
See Reliable Project Location Google Map in free Corporate Profile

Todd Creek Project
Featured in Share Collective
Todd CreekCanadaBCGolden Triangle32,133 ha
Net Interest: 70% WI
Vested: No
Uncapped NSR/GOR: 0.00%
Ownership Terms: Agreement July 8, 2020 to earn 51% from Arcwest Expl Inc for $1,150,000, 200,000 shares and $15 million epxloration over 5 years. P2 must spend $3 million within 2 years. On vesting for 51% P2 has the option to increase to 70% by completing a feasibility study within 3 years and paying $250,000 on each anniversary in stock or cash at Arcwest's choice.
Target Metals: Copper GoldModel: PorphyryStage: 2-Target Drilling
See Reliable Project Location Google Map in free Corporate Profile

Lost Cabin Project
Featured in Share Collective
Lost CabinUnited StatesOROregon887 ha
Net Interest: 100% WI
Vested: No
Uncapped NSR/GOR: 2.00%
Ownership Terms: Agreement Sept 10, 2020 to lease 100% from Perry Durning and Bud Hillemeyer (La Cuesta) for USD $5,000 and 100,000 shares on signing, with lease payments escalating to $30,000 every 6 months after an initial 30 month term. Venfors retain 2% NSR which reduces to 1% after cumulative payment of USD $10 million.
Target Metals: GoldModel: EpithermalStage: 2-Target Drilling
See Approximate Project Location Google Map in free Corporate Profile
Company Related KRO Comments
Oct 21, 2022Kaiser Watch - 0:06:17
Sep 2, 2022Kaiser Watch - 0:16:33
Aug 25, 2022Kaiser Watch - 0:05:08
Jul 15, 2022Kaiser Watch - 0:30:37
May 12, 2022Kaiser Watch - 0:16:36
Apr 14, 2022Kaiser Watch - 0:32:16
Mar 3, 2022Kaiser Watch - 0:08:48
Feb 24, 2022Kaiser Watch - 0:10:36
Feb 23, 2022Tracker: P2 Gold - Updated Gabbs Outcome Visualization based on 2022 resource estimate
Feb 17, 2022Tracker: P2 Gold - Retired Gabbs Outcome Visualization based on 2021 resource estimate
Feb 10, 2022Kaiser Watch - 0:27:27
Oct 28, 2021Discovery Watch with HoweStreet.com - 0:13:50
Jul 29, 2021Tracker: What's Next for P2 Gold Inc?
Jun 9, 2021Discovery Watch with HoweStreet.com - 0:22:53
May 5, 2021Discovery Watch with HoweStreet.com - 0:23:01
Mar 25, 2021Discovery Watch with HoweStreet.com - 0:22:53
Mar 23, 2021Tracker: What's Next for P2 Gold Inc?
Mar 22, 2021Tracker: Spec Value Rating for P2 Gold Inc (PGLD-V)
Jun 18, 2020Discovery Watch with HoweStreet.com - 0:17:47

Company News Releases - Members Only
Oct 25, 2022Financing
Oct 12, 2022Drilling at BAM Intersects 1.38 g/t Gold over 80.0 meters
Sep 13, 2022BAM Intersects Additional Near Surface Gold Mineralization; Geophysics Identifies Potential Feeder System and Porphyry
Aug 22, 2022Intersects 1.49 g/t Gold over 44.94 meters From Surface at BAM
Aug 16, 2022Option Grants
Aug 4, 2022Gabbs Drilling Intersects 1.57 g/t Gold Equivalent Over 24.39 meters within a 112.77 meter Intercept of 0.81 g/t Gold Equivalent at Lucky Strike
Jul 8, 2022Property Asset or Share Purchase Amending Agreement
Jul 8, 2022Private Placement Non Brokered
Jul 4, 2022Closes Financings
Jun 27, 2022Amends Silver Reef Agreement
Jun 23, 2022Upsizes Flow Through Financing
Jun 16, 2022Financings
Jun 10, 2022Private Placement Non Brokered
Jun 9, 2022BAM Project Update
Jun 2, 2022Closes Financing
May 20, 2022Option Grants
May 13, 2022Column Leach Tests Achieve up to 89% Recovery of Gold
May 12, 2022Reprices Financing
May 2, 2022Financing
Apr 28, 2022Amends Gabbs Payment Terms
Apr 19, 2022Intersects 0.94 g/t Gold Equivalent Over 112.78 meters testing Sullivan down dip extension
Apr 12, 2022Filing of Final Base Shelf Prospectus
Mar 29, 2022Drilling at Gabbs Intersects 2.96 g/t Gold Over 22.86 meters, including 5.0 g/t Gold Over 12.19 meters
Mar 25, 2022Files Gabbs Project Technical Report
Mar 23, 2022Option Grants
Feb 10, 2022Significant Increase in Mineral Resource for Gabbs
Jan 17, 2022Private Placement Non Brokered
Jan 13, 2022Commences Drilling at Gabbs and Provides Project Update
Dec 24, 2021Provides Update on BAM Project
Dec 23, 2021Closes Financings
Dec 14, 2021Upsizes Flow Through Financing
Dec 9, 2021Financings
Dec 6, 2021EnviroMetal Reports High Gold Recoveries in Tests for P2 Gold's Gabbs Project
Dec 1, 2021Drilling at Gabbs Intersects 1.01 g/t Gold Equivalent Over 153.92 meters and Expands Sullivan Zone to the Southeast
Nov 9, 2021Drilling at Gabbs Intersects 2.30 g/t Gold Equivalent Over 48.77 meters and 2.63 g/t Gold Equivalent Over 38.10 meters
Oct 19, 2021Provides Update on Gabbs Project
Oct 13, 2021Intersects 1.41 g/t Gold Equivalent Over 85.71 meters at Gabbs
Oct 6, 2021BAM Continues to Deliver with 1.1% Copper Over 39.25 meters; Monarch Gold Zone extended by 600 meters
Oct 4, 2021Private Placement Non Brokered
Oct 1, 2021Upsizes and Closes the Flow Through Private Placement
Sep 17, 2021Upsizes Flow Through Financing
Sep 15, 2021Flow Through Financing
Sep 8, 2021Intersects 1.15 g/t Gold Equivalent Over 140 Meters at Gabbs
Aug 30, 2021BAM; P2 Gold Intersects 2.63 g/t Gold Over 45.85 meters
Aug 4, 2021Gabbs Metallurgical Test Work Achieves Average Recoveries of 97.2% for Gold and 95.2% for Copper in Sullivan Oxide Zone
Jul 20, 2021Starts Drilling at Gabbs
Jul 15, 2021Property Asset or Share Purchase Agreement
Jul 13, 2021Starts Drilling at BAM; Options Natlan Property
Jul 7, 2021Update on Gabbs Project
Jun 15, 2021Appoints Grant Bond CFO
Jun 10, 2021Private Placement Non Brokered
Jun 8, 2021Initiates Metallurgical Program at Gabbs Project; Phase One Drilling Planned for Third Quarter
Jun 4, 2021Closing of Flow Through Private Placement
May 20, 2021Board Appointment
May 19, 2021Property Asset or Share Purchase Agreement
May 19, 2021Private Placement Non Brokered
May 19, 2021Flow Through Financing
May 17, 2021Closing of Private Placement and Acquisition of Gabbs Project, Nevada
May 5, 2021Revised Acquisition Terms for Gabbs Project, Nevada, and Financing Update
Apr 6, 2021Terms of Financing for the Gabbs Project, Nevada
Mar 11, 2021Files Technical Report on the Gabbs Project, Nevada
Feb 23, 2021Acquisition of Gabbs Project, Nevada, Mineral Resource Estimate for Gabbs and Financing
Jan 28, 2021Board and Management Appointments
Dec 10, 2020Phase Two Drill Program Expands Northwest Zone with High Grade Intersection at Silver Reef
Dec 9, 2020High Grade Surface Sampling and Geophysical Results at Silver Reef
Dec 4, 2020Appoints Tom Yip as CFO
Nov 30, 2020Intersects High Grade Copper at Todd Creek
Nov 26, 2020Private Placement Non Brokered
Nov 18, 2020Closes Financing
Nov 12, 2020Upsizes Financing
Nov 12, 2020Appoints Ken McNaughton as a Director
Nov 9, 2020Upsizes Financing
Nov 6, 2020Financing
Oct 20, 2020Files Technical Report on the Silver Reef Property
Oct 8, 2020Gold Anomaly Defined by Soil Sampling at BAM Property
Sep 29, 2020Silver Reef Phase 1 Drill Program Results
Sep 21, 2020Regional Office Change
Sep 14, 2020Property Asset or Share Purchase Agreement
Sep 14, 2020Todd Creek Exploration Update
Sep 10, 2020Leases Lost Cabin Property in South Central Oregon
Aug 31, 2020Exploration and Corporate Update
Aug 27, 2020Name Change To P2 Gold Inc. And Continuation Into British Columbia
Aug 27, 2020Name Change
Aug 14, 2020Grant of Stock Options
Aug 5, 2020Property Asset or Share Purchase Agreement
Aug 4, 2020Early Warning Report Issued Pursuant to National Instrument 62 103
Jul 28, 2020Closes Private Placement
Jul 22, 2020Property Asset or Share Purchase Agreement
Jul 17, 2020Upsizes Non Flow Through Offering to 5,000,000 Units and Reprices Flow Through Offering to $0.60
Jul 14, 2020Flow Through and Non Flow Through Financing
Jul 10, 2020Leases Stockade Property in Southeastern Oregon
Jul 9, 2020Options Todd Creek Property in Golden Triangle
Jul 2, 2020Options BAM Property in Northwest BC
Jun 11, 2020Options Silver Reef Property in Northwest BC
May 27, 2020Annual And Special Meeting Update
May 15, 2020Grant of Stock Options
May 7, 2020Appoints Joe Ovsenek as President and CEO
May 7, 2020Private Placement Non Brokered
May 6, 2020TSXV Approval Of Private Placement
Apr 16, 2020Early Warning Report Issued Pursuant to National Instrument 62 103 Acquisition of Shares of Central Timmins Exploration Corp.
Apr 16, 2020Closing of Private Placement and Board and Management Changes
Jan 14, 2020Completion of Share Consolidation
Jan 10, 2020Approval of Share Consolidation
Nov 4, 2019Completes Sale of Non Core Claims to Newmont Goldcorp
Sep 26, 2019Completes Summer Work Program
Jun 10, 2019Provides Winter 2019 Program Update and Announces Summer Work Program
May 10, 2019Results of Annual and Special Meeting of Shareholders
Feb 12, 2019Continues its Initial Drill Program
Jan 21, 2019Update on Recent Work and Details of 2019 Work Program
Jan 3, 2019Private Placement Non Brokered
Dec 21, 2018Strategic Investment by Goldcorp Inc. and Sale of Non Core Claims
Dec 14, 2018Central Timmins Exploration Corp. Opens the Market
Nov 14, 2018Full Exercise And Closing Of The Over Allotment Option
Oct 16, 2018New Listing IPO Shares
Oct 16, 2018Closing of Initial Public Offering and Listing on the TSX Venture Exchange


 

You can return to the Top of this page


Copyright © 2022 Kaiser Research Online, All Rights Reserved