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 KRO Favorites 2022 Center
    Publisher: Kaiser Research Online
    Author: Copyright 2022 John A. Kaiser

 
The KRO Favorites 2022 Center features the KRO companies designated as Favorites at the start of 2022 and added during 2022. All members were closed out as Favorites at the end of 2022 and assigned Spec Value ratings. Some were rolled over to the KRO 2023 Favorites Collection. To provide continuity the 2022 Center will remain open until the end of 2023 on an unrestricted basis, including the profiles and related reports.
The current Favorites collection was chosen on December 31, 2021. The KRO Favorites 2022 Index started a balanced index where $1,000 worth of each stock was "bought". The Index reflects the average value of the KRO Favorites portfolio. New Favorites are added to the index on the same $1,000 basis. Companies that are closed out as Favorites are frozen in the index at the price at the time of the closeout. The chart below reflects the daily change of the KRO Favorites 2022 Index during the past 120 trading days.
Spec Value Rating Key - 2019 onwards
Unrated Spec Value Zombie Spec Value No Spec Value Poor Spec Value
Bottom-Fish Spec Value Fair Spec Value Good Spec Value KRO Rating Guide
Bottom-Fish SV Favorite Fair SV Favorite Good SV Favorite Click SV Rating for KRO Search

KRO Favorites 2022 Center - Jan 27, 2023
Company Start End Start
Price

Spec Value Rating Current
Price
Chg
Aurion Resources Ltd (AU-V) 12/31/2021 12/30/2022 $1.300 SV Technical Closeout 100% $0.600 -50.0%
Eskay Mining Corp (ESK-V) 12/31/2021 12/30/2022 $2.770 SV Technical Closeout 100% $1.120 -67.1%
FPX Nickel Corp (FPX-V) 12/31/2021 12/30/2022 $0.500 SV Technical Closeout 100% $0.430 -18.0%
Galway Metals Inc (GWM-V) 12/31/2021 12/30/2022 $0.610 SV Technical Closeout 100% $0.225 21.3%
Northwest Copper Corp (NWST-V) 12/31/2021 12/30/2022 $0.810 SV Technical Closeout 100% $0.210 -69.1%
P2 Gold Inc (PGLD-V) 12/31/2021 12/30/2022 $0.680 SV Technical Closeout 100% $0.250 -64.7%
Perpetua Gold Corp (PPTA-T) 12/31/2021 12/30/2022 $6.030 SV Technical Closeout 100% $3.950 -20.4%
Verde Agritech Ltd (NPK-T) 12/31/2021 12/30/2022 $2.800 SV Technical Closeout 100% $4.950 139.3%

Aurion Resources Ltd (AU-V) RSWeb SiteTreeForumSEDARQuoteFREE
Issued
117,854,678
Price
$0.65
Working Capital
$15,846,426
Story Type
Discovery Exploration
Diluted
127,337,227
Insiders
18.3%
As of
9/30/2022
Key People
Matti Talikka (CEO), David Lotan (Chair), Mark Serdan (CFO),
SV Rating: Fair Spec Value - Favorite - as of December 30, 2022
Company Related KRO Comments
Jan 6, 2023Kaiser Watch - 0:45:05
Sep 2, 2022Kaiser Watch - 0:25:33
Jul 15, 2022Kaiser Watch - 0:20:00
Apr 14, 2022Kaiser Watch - 0:25:24
Mar 3, 2022Kaiser Watch - 0:08:48
Jan 27, 2022Kaiser Watch - 0:17:39
Jan 24, 2022Tracker: Spec Value Rating for Aurion Resources Ltd
Apr 8, 2020Discovery Watch with HoweStreet.com - 0:00:01
Apr 7, 2020Tracker: New Spec Value Rating for Aurion Resources Ltd
Jul 11, 2019Discovery Watch with HoweStreet.com - 0:13:56
Jul 10, 2019Tracker: Spec Value Rating for Aurion Resources Ltd (AU-V)
Sep 25, 2018Discovery Watch with HoweStreet.com - 0:13:44
Jan 26, 2018Discovery Watch with HoweStreet.com - 0:17:15
Sep 30, 2017Discovery Watch with HoweStreet.com - 0:00:00
Aug 4, 2017Discovery Watch with HoweStreet.com - 0:00:00
Feb 10, 2017Discovery Watch with HoweStreet.com - 0:11:43

Company News Releases
Jan 17, 2023Intersects Significant Gold Mineralization at Wholly Owned Risti Property; Multiple Zones, Including 17.12 g/t Gold Over 5.90 m
Dec 15, 2022Aurion Provides an Update on its Investment in Strategic Resources
Nov 28, 2022Provides an Update on Exploration Activities at Risti
Nov 7, 2022Aurion B2Gold JV Intersects Gold Mineralization Along Helmi Kutuvuoma Trend
Oct 7, 2022Closing of Royalty Repurchase
Sep 23, 2022Lotan Holdings Inc. Acquires 100,000 Common Shares
Sep 12, 2022Aurion B2Gold JV Intersects Wide Gold Mineralized Zone at Helmi, Extends Mineralization at Depth
Aug 23, 2022Property Asset or Share Purchase Agreement
Aug 11, 2022Update on Regional Exploration Activities and Commencement of Drilling at Risti
Aug 8, 2022Repurchase of Royalties on Kaaresselk and Kiekermaa

Eskay Mining Corp (ESK-V) RSWeb SiteTreeForumSEDARQuoteFREE
Issued
183,117,123
Price
$0.91
Working Capital
$5,431,372
Story Type
Discovery Exploration
Diluted
204,628,766
Insiders
13.8%
As of
8/31/2022
Key People
Hugh (Mac) Balkam (CEO), Carmelo Marrelli (CFO), John DeDecker (VP EX), M. Robert Myhill (VP FI), William R. Johnstone (Sec),
SV Rating: Bottom-Fish Spec Value - as of December 30, 2022
Company Related KRO Comments
Jan 19, 2023Kaiser Watch - 0:00:00
Nov 3, 2022Kaiser Watch - 0:21:15
Sep 2, 2022Kaiser Watch - 0:25:33
Jul 28, 2022Kaiser Watch - 0:00:00
Jul 15, 2022Kaiser Watch - 0:20:00
Jul 7, 2022Kaiser Watch - 0:13:33
Jun 2, 2022Kaiser Watch - 0:14:43
Apr 14, 2022Kaiser Watch - 0:28:20
Mar 24, 2022Kaiser Watch - 0:22:38
Mar 17, 2022Kaiser Watch - 0:20:33
Mar 3, 2022Kaiser Watch - 0:08:48
Jan 27, 2022Kaiser Watch - 0:27:13
Oct 14, 2021Discovery Watch with HoweStreet.com - 0:16:42
Oct 7, 2021Discovery Watch with HoweStreet.com - 0:00:01
Aug 4, 2021Discovery Watch with HoweStreet.com - 0:12:51
Jul 7, 2021Discovery Watch with HoweStreet.com - 0:13:34
Jun 23, 2021Discovery Watch with HoweStreet.com - 0:09:22
Apr 14, 2021Discovery Watch with HoweStreet.com - 0:18:20
Mar 25, 2021Discovery Watch with HoweStreet.com - 0:11:35
Feb 3, 2021Discovery Watch with HoweStreet.com - 0:24:49
Dec 23, 2020Discovery Watch with HoweStreet.com - 0:16:29
Dec 10, 2020Discovery Watch with HoweStreet.com - 0:10:21
Oct 22, 2020Discovery Watch with HoweStreet.com - 0:00:01
Sep 22, 2020Discovery Watch with HoweStreet.com - 0:00:01
Sep 18, 2020Tracker: What's Next for Eskay Creek Mining Corp?
Jul 2, 2020Discovery Watch with HoweStreet.com - 0:13:54
Jun 29, 2020Tracker: Spec Value Rating for Eskay Mining Corp
Nov 13, 2019Discovery Watch with HoweStreet.com - 0:11:40
Nov 20, 2018Discovery Watch with HoweStreet.com - 0:09:15
Jul 30, 2018Discovery Watch with HoweStreet.com - 0:12:20
Jul 30, 2018Bottom-Fish Comment: SSR delivers an anomaly surprise at Eskay Mining Corp's SIB project
Jul 23, 2018Discovery Watch with HoweStreet.com - 0:20:28
May 17, 2018Discovery Watch with HoweStreet.com - 0:18:16
May 15, 2018Bottom-Fish Comment: Recommendation Strategy for Eskay Mining Corp
Aug 1, 2017Discovery Watch with HoweStreet.com - 0:13:45
Jul 10, 2017Discovery Watch with HoweStreet.com - 0:10:41
Apr 12, 2017Bottom-Fish Comment: Recommendation Strategy for Eskay Mining Corp
Dec 1, 1997Report Sept-Dec 1997: Kenrich Mining Corp - 1997 Annual Review
Oct 13, 1997Tracker 1997-40: Kenrich heads into post-season slump
Aug 18, 1997Tracker 1997-21: Kenrich - Sorting out the deal with Prime Resources Group
Dec 23, 1996Report Nov-Dec 1996: Kenrich Mining Corp - 1997 Bottom-Fish 100

Company News Releases
Jan 18, 2023Confirms New Precious Metal Rich VMS System at Scarlet Knob Tarn Lake at Similar Stratigraphic Position to the Eskay Creek Deposit
Dec 15, 2022Expands the TV Jeff Precious Metal Rich VMS System and Demonstrates Its Connectivity with the Eskay Creek System on the Western Limb of the Eskay Anticline
Oct 7, 2022Reaches Drilling Goal as the 2022 Exploration Campaign Nears Completion
Sep 1, 2022Maiden Scarlet Valley Drilling Commences
Aug 9, 2022Discovers a New VMS Center at Jeff North and Intercepts Polymetallic VMS Mineralization in Two Areas Along TV Jeff Corridor
Jul 27, 2022CORRECTION: Discovers More VMS Targets and Commences Drilling at Scarlet Ridge
Jul 7, 2022Discovers Multiple New VMS Systems across its Consolidated Eskay VMS Project, Golden Triangle British Columbia
Jul 4, 2022Grant of Stock Options
May 31, 2022Commences 30,000 Meter Drill Program at Consolidated Eskay VMS Project, Golden Triangle British Columbia
May 16, 2022Private Placement Non Brokered

FPX Nickel Corp (FPX-V) RSWeb SiteTreeForumSEDARQuoteFREE
Issued
240,107,863
Price
$0.41
Working Capital
$8,895,569
Story Type
Feasibility Demonstration
Diluted
257,497,863
Insiders
37.9%
As of
9/30/2022
Key People
Martin Turenne (CEO), Peter M. D. Bradshaw (Chair), J. Christopher Mitchell (CFO),
SV Rating: Good Spec Value - Favorite - as of December 30, 2022
Company Related KRO Comments
Jan 26, 2023Kaiser Watch - 0:23:35
Dec 2, 2022Kaiser Watch - 0:00:00
Oct 28, 2022Kaiser Watch - 0:13:26
Sep 16, 2022Kaiser Watch - 0:24:52
Sep 2, 2022Kaiser Watch - 0:10:37
Aug 5, 2022Kaiser Watch - 0:08:04
Jul 28, 2022Tracker: FPX Nickel met study confirms DTR assay method and firms up flotation recovery assumption
Jul 15, 2022Kaiser Watch - 0:24:25
May 26, 2022Kaiser Watch - 0:07:50
Mar 31, 2022Kaiser Watch - 0:00:00
Mar 17, 2022Kaiser Watch - 0:13:52
Mar 10, 2022Kaiser Watch - 0:15:52
Mar 3, 2022Kaiser Watch - 0:08:48
Feb 3, 2022Kaiser Watch - 0:28:02
Jan 20, 2022Kaiser Watch - 0:12:41
Jan 18, 2022Tracker: Spec Value rating for FPX Nickel Corp
Oct 21, 2021Discovery Watch with HoweStreet.com - 0:00:01
Jul 28, 2021Discovery Watch with HoweStreet.com - 0:10:30
Jun 9, 2021Discovery Watch with HoweStreet.com - 0:12:19
Apr 8, 2021Discovery Watch with HoweStreet.com - 0:24:30
Apr 7, 2021Tracker: Spec Value Rating for FPX Nickel Corp (FPX-V)
Apr 7, 2021Tracker: What's Next for FPX Nickel Corp?
Mar 25, 2021Discovery Watch with HoweStreet.com - 0:00:01
Mar 17, 2021Tracker: Bought deal funds FPX Nickel through delivery of PFS by end of 2022
Nov 23, 2020Tracker: FPX Nickel destined to become highly leveraged proxy for nickel price
Nov 19, 2020Discovery Watch with HoweStreet.com - 0:10:19
Oct 15, 2020Discovery Watch with HoweStreet.com - 0:09:50
Sep 10, 2020Discovery Watch with HoweStreet.com - 0:00:01
Sep 9, 2020Tracker: FPX Nickel publishes updated PEA for Decar nickel project
Aug 21, 2020Tracker: What's Next for FPX Nickel Corp
Aug 20, 2020Discovery Watch with HoweStreet.com - 0:15:17
Aug 18, 2020Tracker: What might the updated Decar PEA of FPX Nickel look like?
Jul 22, 2020Discovery Watch with HoweStreet.com - 0:18:43
May 14, 2020Discovery Watch with HoweStreet.com - 0:15:15
Feb 27, 2020Discovery Watch with HoweStreet.com - 0:00:01
Feb 27, 2020Tracker: FPX Nickel to proceed with updated Decar PEA
Jan 9, 2020Discovery Watch with HoweStreet.com - 0:13:59
Jan 7, 2020Tracker: FPX Nickel confirms nickel sulphate can be made from Decar concentrate
Dec 19, 2019Discovery Watch with HoweStreet.com - 0:19:28
Dec 13, 2019Tracker: Spec Value Rating for FPX Nickel Corp (FPX-V)
Aug 23, 2019Discovery Watch with HoweStreet.com - 0:17:20
May 7, 2018Discovery Watch with HoweStreet.com - 0:12:24
May 2, 2018Bottom-Fish Comment: What do the rocks in Oman have to do with FPX Nickel?
Mar 2, 2018Discovery Watch with HoweStreet.com - 0:07:10
May 19, 2017Discovery Watch with HoweStreet.com - 0:26:52
May 15, 2017Bottom-Fish Comment: First Point to drill higher grade Baptiste southeast extension at Decar
Feb 3, 2017Discovery Watch with HoweStreet.com - 0:00:00
Jan 12, 2017SVH Tracker: Recommendation Strategy for First Point Minerals Corp
Nov 9, 2016Discovery Watch with HoweStreet.com - 0:08:51
Mar 23, 2016SVH Tracker: Recommendation Strategy for First Point Minerals Corp
Sep 10, 2015SVH Tracker: First Point finally back in control of its destiny with 100% Decar acquisition
May 22, 2015SVH Tracker: Recommendation Strategy for First Point Minerals Corp
Apr 14, 2015Excerpt from Express 2015-02: February-March Review - First Point
Mar 9, 2015SVH Tracker: Recommendation Strategy for First Point Minerals Corp

Company News Releases
Jan 24, 2023Large Scale Pilot Testwork, With Results Validating Baptiste Flowsheet and Overall Recovery Basis
Jan 17, 2023Commences Preliminary Feasibility Study on the Baptiste Nickel Project
Jan 9, 2023Appointment of Engineering Manager Dan Apai, Former Principal Civil Engineer with Fluor Canada
Jan 4, 2023Positive Step Out Drill Results Expanding Van Target Mineralized Footprint to a Scale Comparable to Flagship Baptiste Nickel Deposit
Dec 12, 2022Confirms Continuation of Strong Nickel Mineralization in Step Out Drilling at Van Target, Returning the Highest Grade Near Surface Nickel Interval To Date
Dec 7, 2022Private Placement Non Brokered
Dec 2, 2022Closes $12 Million Equity Investment From New Corporate Strategic Investor
Nov 29, 2022Announces $12 Million Equity Investment From New Corporate Strategic Investor
Nov 14, 2022Delivers Updated Mineral Resource Estimate for Baptiste Nickel Project, Reporting Significant Improvement in DTR Nickel Grade and First Inclusion of Total Nickel, DTR Cobalt and DTR Iron
Nov 8, 2022Subsidiary Company CO2 Lock Corp. Announces Appointment of Chief Technical Officer and Acceptance Into Prestigious Climate Technology Accelerator Program

Galway Metals Inc (GWM-V) RSWeb SiteTreeForumSEDARQuoteFREE
Issued
201,549,427
Price
$0.74
Working Capital
$6,754,485
Story Type
Feasibility Demonstration
Diluted
218,658,019
Insiders
10.6%
As of
9/30/2022
Key People
Robert Hinchcliffe (CEO), Robert D. B. Suttie (CFO), Lawrence J. Strauss (VP CD),
SV Rating: Bottom-Fish Spec Value - as of December 30, 2022: Galway Metals Inc is a Fair Spec Value rated Favorite as of December 31, 2021 based on its efforts since 2016 to demonstrate the multi-million ounce district scale gold potential of the 100% owned Clarence Stream project in New Brunswick, and to show that the Estrades polymetallic VMS system in Quebec has significant resource expansion potential at depth and that the 31 km long property can yield an entirely new VMS discovery at the Newiska target about 10 km to the east. Tracker Feb 18, 2020 describes Galway's origin as a spinout from CEO Robert Hinchcliffe's Galway Resources Ltd which was bought out in 2012 for its property near Ventana's La Bodega gold discovery in Colombia and provides background for the Clarence Stream project. Tracker Aug 23, 2021 provides an overview of Galway's recent objectives for the Clarence Stream and Estrades projects. The 60,000 ha Clarence Stream project straddles 65 km of the Appalachian Gold Trend which stretches from the Carolinas through Newfoundland and Ireland into Scandinavia. The key structural feature at Clarence Stream is the east-west oriented Sawyer Brook Fault which cuts through Ordovician and Silurian metasediments that have been intruded by various stocks that served as the heat engines for creating quartz vein hosted stockwork and disseminated gold mineralization of the intrusion related gold system style. Since 2016 Galway has drilled about 130,000 m on top of the 60,000 m drilled by previous owners, most of it focused on the cluster of new zones discovered in late 2017 about 7 km southwest of the existing North and South zones for which 9,586,000 tonnes of 2.17 g/t gold OP and UG mineable (667,000 oz) was estimated in 2017 (M+I+I). Galway established a data cutoff at the end of 2021 for the purpose of delivering an initial resource estimate for the Adrian-GMZ-Richard-Jubilee zones in Q1 of 2022. An updated resource will also be calculated for the North-South Zones. This will be an important milestone which the market hopes will tally in the 1.5-2.0 million ounce range, though given the 8-12 week turnaround time for assays one should be happy with 1.0-1.5 million ounces and wait for more in a future update. Galway plans to drill 75,000 m in 2022 split between further expansion and infill drilling of the Adrian etc zones and wildcat drilling on the various soil and till gold anomalies established through property wide sampling during the past few years as part of Galway's goal to show Clarence Stream has 10 million plus ounce district scale gold potential. The Oak Bay-Tower Hill targets will receive attention, as well as the 3 km by 7 km soil anomaly that sits on top of a gabbroic intrusive complex to the south of the Adrian-Jubilee zone cluster. Galway will also earmark 25,000 m drilling for its Estrades VMS project where Titan geophysical surveys that can see 2,000 m deep suggest down-plunge potential beneath the existing Estrades resource (2018 I+I 3,696,000 tonnes 5.7% Zn, 1.03% Cu, 0.42% Pb, 93 g/t Ag, 2.59 g/t Au) as well as a potential major new VMS system at the Newiska target within a parallel rhyolite unit about 10 km to the southeast. Galway's 2021 effort to test Newiska, which can only be drilled in winter, failed to reach target depth before a warm winter shut down drilling. Galway will drill Newiska in Q1 of 2022 and test the main Estrades target later due to year round access. The IRGS nature of the Clarence Stream project is unlikely to deliver a discovery hole that moves the market unless it is for a brand new zone, but the VMS nature of the Estrades and Newiska targets could yield intersections with big discovery implications, especially in the case of Newiska which sits in the middle of a 31 km land package straddling the Casa Berard-Douay trend which has potential for both polymetallic and gold deposits. At the end of 2021 Galway Metals Inc had about $12 million working capital left, insufficient to fund its 2022 drilling plan, so additional financing will be needed by mid 2022. Galway had 178.7 million issued and 197.0 million fully diluted with no worrisome warrant overhang at the end of 2021. Insiders, including the chief geologist Mike Sutton who is key to sorting out the Clarence Stream zones, own just under 14% of the issued stock. In terms of management Galway is a well-rounded junior that knows how to promote, fund and execute its story. (Jan 18, 2022)
Company Related KRO Comments
Sep 23, 2022Kaiser Watch - 0:06:56
Sep 2, 2022Kaiser Watch - 0:21:39
Jul 15, 2022Kaiser Watch - 0:15:49
Jun 2, 2022Kaiser Watch - 0:19:24
Apr 28, 2022Kaiser Watch - 0:28:11
Apr 14, 2022Kaiser Watch - 0:29:27
Mar 3, 2022Kaiser Watch - 0:08:48
Jan 27, 2022Kaiser Watch - 0:35:37
Jan 19, 2022Tracker: What's Next for Galway Metals Inc?
Jan 18, 2022Tracker: Spec Value Rating for Galway Metals Inc
Aug 25, 2021Discovery Watch with HoweStreet.com - 0:00:01
Aug 23, 2021Tracker: What's Next for Galway Metals Inc
Jul 29, 2020Discovery Watch with HoweStreet.com - 0:09:21
Jul 2, 2020Discovery Watch with HoweStreet.com - 0:00:01
Apr 30, 2020Discovery Watch with HoweStreet.com - 0:14:40
Feb 25, 2020Tracker: Galway delivers new evidence that grades get better at depth for Clarence Stream
Feb 20, 2020Discovery Watch with HoweStreet.com - 0:22:24
Feb 17, 2020Tracker: Spec Value Rating for Galway Metals Inc (GWM-V)

Company News Releases
Jan 25, 2023Share Consolidation
Jan 25, 2023Consolidation
Dec 7, 2022Suspends Drilling; Outlines Future High Priority Targets
Sep 12, 2022To Demonstrate Expansion Potential in Multiple Areas Directly North of the New Clarence Stream Resource
Jul 21, 2022Shares for Debt
Jul 20, 2022Option Payment For Royalty Buy Back At Its Clarence Stream Property
Jun 8, 2022Update to Insider Purchases
Jun 6, 2022Private Placement Brokered
May 26, 2022Closing Of $10.5 Million Bought Deal Private Placement
May 6, 2022Upsizing Of Previously Announced Bought Deal Private Placement To $10m

Northwest Copper Corp (NWST-V) RSWeb SiteTreeForumSEDARQuoteFREE
Issued
165,045,514
Price
$0.25
Working Capital
$2,503,170
Story Type
Feasibility Demonstration
Diluted
190,043,195
Insiders
4.4%
As of
9/30/2022
Key People
Peter Bell (CEO), Mark O'Dea (Chair), Lauren McDougall (CFO), Tyler Caswell (VP EX), Pamela White (Sec),
SV Rating: Bottom-Fish Spec Value - as of December 30, 2022: Northwest Copper Corp is the combination of two former KRO Favorites, Serengeti Resources Inc and Sun Metals Corp, which merged on March 5, 2021 on terms where Serengeti undertook a 2:1 rollback and Sun Metals merged with the resulting company on a 0.215 NWST share for 1 Sun Metals share. Sun Metals was a Bottom-Fish Spec Value rated 2020 Favorite at $0.23 but it was downgraded to Poor Spec Value on Oct 2, 2020 when it became apparent that the Stardust project was not delivering anything new. Serengeti, in contrast, which was started as a Bottom-Fish Spec Value rated 2020 Favorite at $0.185 was upgraded on October 8, 2020 to a Fair Spec Value rated Favorite at $0.355 based on news that the East Niv copper-gold prospect had turned into a compelling porphyry target that would be drilled for the first time in 2021 (see Tracker October 8, 2020). The merger deal was announced on November 30, 2020. Serengeti was continued as a Fair Spec Value rated 2021 Favorite at $0.39 on December 31, 2020 which adjusted to a $0.78 cost base when Serengeti and Sun Metals merged. The merger created synergies in several areas which effective May 17, 2021 justify upgrading Northwest Copper Corp to a Good Spec Value rated 2021 Favorite at $0.80. The first issue was that neither Sun Metals' Stardust nor Serengeti's Kwanika projects in central British Columbia had sufficient critical mass to be developed as standalone mines, Stardust as an underground only high grade copper-gold-silver CRD style mine, and Kwanika as a combination open-pit/underground mine most of whose output would be underground mined. Stardust, which started off with the Canyon Creek resource of 2,970,000 tonnes at 1.27% copper, 1.68 g/t gold and 32.6 g/t silver, spurred excitement in 2018 with the late season discovery of the higher grade 421 Zone. Drilling over the next 2 years connected the 421 Zone to the shallower Canyon Creek zone and revealed that the 421 Zone tapered to a vertical depth of 900 m. Whatever additional zones exist, they will be deep and expensive to find. On May 17, 2021 Northwest Copper published an updated resource estimate which more than doubled the indicated and inferred resource to 7,806,100 tonnes at 0.97% copper, 1.24 g/t gold, and 21.8 g/t silver. The Central Zone at Kwanika has an open-pittable M+I+I resource of 110.3 million tonnes at 0.23% copper, 0.21 g/t gold and 0.77 g/t silver, and an underground mineable M+I+I resource of 203.6 million tonnes of 0.25% copper, 0.31 g/t gold and 0.92 g/t silver. Serengeti had published an updated PEA for a 15,000 tpd scenario in April 2017 that it planned to upgrade to a PFS by Q4 of 2019 with the help of an $8.2 million investment by South Korea's Daewoo (controlled by Posco) to earn 35%. However, the PFS was never delivered and Daewoo, which had vested for 35%, declined to participate in a 2020 expansion drill program. Daewoo was interested in Kwanika becoming the central processing hub for a number of smaller copper mines in the region, but is no longer interested. It is now looking for an exit for its diluting 33% Kwanika stake. The merger allows the Kwanika and Stardust properties to be consolidated into a single project, subject to buying out Daewoo, possibly through a paper deal later this year when NWST is trading at a better price. The two deposits are only 7 km apart. Although Stardust is CRD hosted massive sulphide mineralization while Kwanika's Central zone is disseminated porphyry style mineralization, initial metallurgical studies indicate similar flow-sheets with neither feedstock containing any deleterious elements. The new plan is to redo the 2017 Kwanika PEA as a 15,000 tpd processing facility fed with higher grade underground mined ore trucked from Stardust and blended with ore initially from the open-pitabble portion of the Central zone and ultimately with block-caved ore from the underground portion. NWST is starting a 7,200 m infill drill program costing $4.2 million to upgrade the shallower high grade underground portion of the Central Zone. The program will also test some satellite targets to the south of the Central Zone that Serengeti did not test in 2020. It will also do metallurgical studies to define a flow-sheet for the blended ore feeds. CEO Peter Bell expects it will cost $2 million to deliver a PEA by early 2022. The other main issue has to do with people. The driving force behind Sun Metals was Mark O'Dea, but he lost control of the narrative to Steve Robertson and Don McInnes who adopted a disclosure strategy of reporting only what happened 6 weeks ago and not outlining what was coming up. This alienated the Sun Metals shareholders who learned to sell before any news was due. Robertson and McInnes are not part of the NWST team. David Moore was the driving force behind Serengeti, but while he was excellent at telling the exploration story and executing technical work, he was a toiling geologist who had little stroke with the institutional audience needed to fund a feasibility demonstration project like Kwanika. Serengeti always just barely had enough money to fund its programs and not much success at getting positive market upticks to stick. As part of the merger deal O'Dea secured a $10.35 million bought deal for Sun Metals, and once the 2 companies were merged, he raised another $13 million in March 2021, bringing current working capital to about $21 million with 124.9 million issued and 146.4 million fully diluted. David Moore retired as CEO while remaining on the board, and Peter Bell, a geologist who worked 12 years for Newmont dealing with advanced projects, was brought in as the new CEO. Northwest Copper now has a well rounded management team that covers all aspects to operate a hybrid company engaged in feasibility demonstration for the Kwanika-Stardust project and discovery exploration at projects like East Niv which Dave Moore brought to the drill ready stage in 2020. While Kwanika-Stardust provides the fundamental value which allows Northwest Copper to serve as a proxy for the price of copper and gold, the blue sky resides with the 27,700 hectare East Niv play located about 30-40 km southwest of the Kemess Mine. East Niv, which is a grassroots play that has never been drilled, has a footprint similar to the Red Chris deposit and potential for high grade copper and gold porphyry mineralization. NWST will begin a 2,700 m drill program with a $2.9 million budget that could be dramatically expanded if early drilling yields discovery grades. Drilling can be done until the end of October. Although assay turnaround will likely be terrible, this style of deposit and associated mineralization provides good visual evidence that a discovery has been made. While continuing strength in gold and copper prices should pull NWST into the $1.50-$2.00, lift off related to hints of a discovery at East Niv could start in August. Sun Metals acquired a 49% interest in the Lorraine copper-gold project which sits between Kwanika-Stardust and East Niv when it acquired Lorraine Copper Corp in early 2018 to lock down its Stardust ownership. In late October 2020 Sun Metals secured a deal to acquire Teck's 51% for $1.5 million in cash or stock over 2 years and $7.5 million linked to milestones consisting of PEA, FS and a construction decision. The Lorraine property adjoins the Top Cat project Serengeti had under option and this will now be treated as a single 65,000 ha project. When Teck optioned Lorraine decades ago its exploration strategy was to look for large porphyry systems but the result, 35.2 million tonnes of 0.45-0.61% copper and 0.19-0.23 g/t gold (no longer 43-101 compliant after the ownership changes), was small. The property is prospective for high K calc-alkaline systems similar to Red Chris and Mt Polley which tend to have much smaller lateral than vertical footprints with copper-gold grades often increasing at depth. Lorraine-Top Cat needs to be revisited with a different exploration strategy, but for 2021 NWST is only allocating $800,000 for a re-compilation of existing data to set the stage for exploration in 2022. As far as the other projects in Northwest Copper's portfolio are concerned, the junior plans to get rid of those which do not have obvious size potential or have a sensitive location such as the OK deposit near Tofino. Overall NWST plans to spend $10-$13 million in 2021. Assuming gold and copper hold their current price levels, NWST should trend into the $1.50-$2.00 range as the Kwanika-Stardust PEA approaches in Q1 of 2022 and the market gets a better sense of what the combined mining operation will look like. East Niv has the potential to become a major new copper-gold discovery supporting a $1-$2 price on its own. The combination of these two distinct value creation tracks justifies a Good Spec Value rating at $0.80 which is currently implying a value of only $117 million for the company. (May 17, 2021)
Company Related KRO Comments
Sep 2, 2022Kaiser Watch - 0:16:33
Jul 15, 2022Kaiser Watch - 0:30:37
Apr 14, 2022Kaiser Watch - 0:30:36
Mar 3, 2022Kaiser Watch - 0:08:48
Feb 10, 2022Kaiser Watch - 0:16:24
Oct 28, 2021Discovery Watch with HoweStreet.com - 0:00:01
May 19, 2021Discovery Watch with HoweStreet.com - 0:00:01
May 18, 2021Tracker: What's Next for Northwest Copper Corp?
May 17, 2021Tracker: Spec Value Rating Overview for Northwest Copper Corp
Mar 31, 2021Discovery Watch with HoweStreet.com - 0:00:01
Dec 3, 2020Discovery Watch with HoweStreet.com - 0:27:10
Oct 8, 2020Tracker: New Spec Value Rating for Serengeti Resources Inc
Oct 8, 2020Discovery Watch with HoweStreet.com - 0:14:35
Sep 4, 2020Discovery Watch with HoweStreet.com - 0:08:15
Sep 3, 2020Tracker: What's Next for Serengeti Resources Inc?
Jan 28, 2019Tracker: Spec Value Rating for Serengeti Resources Inc (SIR-V)
Jan 24, 2019Discovery Watch with HoweStreet.com - 0:00:00
Nov 14, 2018Discovery Watch with HoweStreet.com - 0:09:04
Oct 26, 2018SVH Tracker: Putting Serengeti's Kwanika drill results into context
Oct 23, 2018Discovery Watch with HoweStreet.com - 0:00:00
Jan 19, 2018Discovery Watch with HoweStreet.com - 0:22:45
Jan 15, 2018Discovery Watch with HoweStreet.com - 0:11:33
Oct 6, 2017Discovery Watch with HoweStreet.com - 0:00:00
Oct 5, 2017SVH Tracker: Recommendation Strategy for Serengeti Resources Inc
Aug 1, 2017Discovery Watch with HoweStreet.com - 0:00:00
Apr 7, 2017Discovery Watch with HoweStreet.com - 0:05:10
Nov 18, 2016Discovery Watch with HoweStreet.com - 0:12:58
Oct 27, 2016Discovery Watch with HoweStreet.com - 0:03:42
Oct 20, 2016SVH Tracker: Serengeti's UDS delivers Plan B exploration play for 2017
Sep 22, 2016SVH Tracker: Serengeti's Kwanika IP target intact and more prospective
Sep 22, 2016Discovery Watch with HoweStreet.com - 0:00:00
Sep 15, 2016Discovery Watch with HoweStreet.com - 0:15:48
Aug 10, 2016SVH Tracker: Recommendation Strategy for Serengeti Resources Inc
Mar 31, 2008Tracker 2008-16: Spectacular Kwanika hole supports new theory but does not signal a sweet spot starter pit
Mar 26, 2008Tracker 2008-15: Is "too small" the inevitable outcome for Kwanika?
Jan 26, 2007Excerpt: Bottom-Fish Action Report - A lurching stairway to hell or a modulated stairway to heaven?

Company News Releases
Jan 23, 2023Non Brokered Private Placement Financing
Jan 18, 2023Releases Additional Results from Kwanika Showing Longest Copper Gold Interval
Jan 16, 2023400 Metres of 1.01% Copper Equivalent at Kwanika, Including Gold Rich Zone of 151 Metres of 1.55 g/t Gold
Jan 9, 202341.20 Metres of 3.20% Copper Equivalent at Stardust From Drilling
Jan 5, 2023Positive PEA for the Kwanika Stardust Copper Gold Project, Describing a Low CAPEX Project With Scale
Dec 23, 2022Appoints Tyler Caswell as VP Exploration and Provides Update on PEA Timing
Dec 7, 2022High Grade Copper and Silver in Surface Rock Chip Sample Results From East Niv;Bornite Rich Veins Outline 13 KM Trend of Copper Mineralization
Nov 16, 2022First Batch of Stardust Drilling Results from 2022 Program. Highlight is 44.20 Metres at 1.31% CuEq Including 21.10 Metres of 2.41% CuEq
Nov 4, 2022First ESG Report
Oct 24, 2022Long Intercepts Within the Northern Extension of the Kwanika Deposit, Including 364.20 Metres at 0.27% CuEq

P2 Gold Inc (PGLD-V) RSWeb SiteTreeForumSEDARQuoteFREE
Issued
80,433,349
Price
$0.24
Working Capital
($10,644,017)
Story Type
Feasibility Demonstration
Diluted
122,295,914
Insiders
31.1%
As of
9/30/2022
Key People
Joseph J. Ovsenek (CEO), Grant Bond (CFO), Kenneth C. McNaughton (VP EX),
SV Rating: Bottom-Fish Spec Value - as of December 30, 2022: 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. (Mar 22, 2021)
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
Jan 24, 2023Initial Mineral Resource Estimate for the Monarch Gold Zone at the BAM Project
Dec 28, 2022Option Grants
Dec 28, 2022Private Placement Non Brokered
Dec 23, 2022Private Placement Non Brokered
Dec 20, 2022Upsizes and Closes Flow Through Financing
Dec 19, 2022Upsizes Financing and Closes Remaining Tranche of Financing
Dec 14, 2022Flow Through Financing
Dec 9, 2022Closes First Tranche of Financing
Dec 6, 2022Remaining Drill Results from 2022 Drill Program Including Drill Hole BAM 061 with 1.73 g/t gold over 46.5 meters
Nov 25, 2022Financing Update

Perpetua Gold Corp (PPTA-T) RSWeb SiteTreeForumSEDARQuoteFREE
Issued
62,941,443
Price
$4.80
Working Capital
$49,525,394
Story Type
Feasibility Demonstration
Diluted
65,712,343
Insiders
41.6%
As of
9/30/2022
Key People
Laurel Sayer (CEO), Marcelo Kim (Chair), Jessica Largent (CFO), Darren Morgans (CFO), Heather Ennis (Sec),
SV Rating: Bottom-Fish Spec Value - as of December 30, 2022: Perpetua Gold Corp, the new name for Midas Gold Corp effective Feb 18, 2021 following a 10:1 rollback on Jan 29, 2021 to allow a NASDAQ listing where it now trades with the symbol PPTA, has been a KRO Fair or Good Spec Value rated recommendation since September 6, 2013 based on its 100% owned gold-antimony Stibnite project in Idaho. On December 31, 2020 Perpetua was continued as a 2021 Favorite at $1.22 ($12.22 after adjusting for the 10:1 rollback) following the filing of a Draft Environmental Impact Statement by the USFS on Aug 14, 2020 and the company's delivery of a positive feasibility study on December 22, 2020. We are now waiting for the USFS to release a Final EIS in Q2 of 2021 followed by a draft Record of Decision in Q3 and a Final Record of Decision in Q4 which becomes the basis for ROD dependent permits and a construction decision in 2022 with production beginning in 2026 if CapEx of $1.3 billion can be raised. On April 5, 2021 Perpetua Gold Corp was confirmed as a Good Spec Value rated Favorite at $7.97 in Tracker Apr 5, 2021 which includes NPV and NPV/share based graphics for the Stibnite project using a close approximation of the parameters in the feasibility study's technical report and showing sensitivity to a gold price as high as $2,500. The feasibility study envisions a 15 year 20,000 tpd open-pit operation that mines three deposits whose refractory ore will be processed through a milling and pressure-oxidation complex that would yield 4,284,000 oz gold and 118 million lbs of antimony with a minor silver by-product. CapEx and Sustaining Capital were USD $1.292 billion and $295 million with OpEx at $26.45 per tonne. At base case prices of $1,600/oz gold, $20/oz silver and $3.50/lb antimony the after tax NPV was $1.347 billion at a 5% discount rate and IRR was 22.3%. At 54.9 million fully diluted that translates into a price target of USD $24.54 or CAD $30.91 at an exchange rate of 1.26 CAD:USD (earning: on April 1 Perpetua filed a short form base shelf prospectus to raise up to USD $100 million through a variety of instrument so fully diluted will rise if any financings are done - as of Dec 31, 2020 Perpetua had USD $22 million working capital). On these assumptions we should expect the stock to be in the CAD $20-$30 range by the end of 2021 if a Record of Decision is achieved. The current market pricing is signaling a thumbs down on that outcome, so in effect Perpetua is a bet on a permitting outcome. But it is a potentially lucrative bet that science rather than politics will dictate the outcome. I have constructed a cash flow model based on the ore schedule in the FS technical report which at the base case prices yields an after-tax NPV of USD $1.13 billion which is 16% lower than Perpetua's nameplate outcome mainly because I cannot emulate the complex depreciation-depletion treatment utilized in the FS. However, the DCF model is close enough that I can justify running it at spot prices as well as at much higher gold prices than allowed by 43-101 sensitivity range rules. The result at $1,728/oz gold, $25/oz silver and $5/lb antimony spot prices as of April 5, 2021 is USD $1.491 billion NPV at 5% with 31.1% IRR and $988 million at 10%. This translates into a mine approval contingent target of USD $27 at 5% and $18 at 10% which is CAD $34 and $23 at prevailing exchange rates. At $2,500 gold the after tax NPV jumps to USD $3.2 billion at 5% and $2.3 billion at 10%, or roughly USD $54 and $42 compared to the NASDAQ price of $6.46, or CAD $68 and $53 compared to the TSX price of $7.97. So if gold stays where it is and Stibnite secures mine approval, we can expect an approximate gain range of 200% to 300% reflecting the difference between 10% and 5% discount rates. On the other hand, if gold makes a 45% move to $2,500 which is a real price move reflecting global uncertainty that does not change the cost structure outlined in the FS, the equivalent gain range is 550% to 736%, more than double the price move in gold. Perpetua thus offers a double to triple if mine approval is achieved, and a five to seven fold gain if at the same time gold goes to $2,500. Perpetua is the best single advanced project leveraged gold bet among the juniors, but this has been made possible by the management discount created by the company's largest shareholder. John Paulson launched Midas Gold (Perpetua) into its permitting trajectory when he agreed in 2016 to fund most of a $55 million financing in the form of a zero coupon $55 million note convertible at about $0.35 ($3.50 post rollback). Getting mine approval will have cost USD $70 million on top of $125 million on feasibility demonstration. Shortly after the DEIS was filed in August 2020 John Paulson converted his note into a 20,935,732 share equity stake representing 44% of Perpetua's 47.6 million issued (54.9 million fully diluted). After the extended DEIS comment period ended in late October 2020 Paulson initiated a purge of the Midas management team, which he achieved on Dec 4, 2020 when Stephen Quin was replaced as CEO by Laurel Sayer whose job had been goodwill marketing while Quin's team did the engineering and technical work to support the DEIS and feasibility study. The independent board was replaced by Paulson's people who are either local politically connected people or connected to Paulson's other gold investments. Their skin in the game amounts to 10,500 shares plus lots of zero-risk stock options. John Paulson's political support for Donald Trump has become a liability, which Perpetua is trying to overcome by pitching the reclamation strategy underpinning the FS and the fact that antimony by-product supply from Stibnite would not only make the United States self-sufficient in terms of antimony rather than reliant on China and other unfriendly nations, but would even be able to help out other democracies which have aligned against autocracy. Furthermore, not included in the mining plan is a high grade antimony zone outside the pit shell which can be quickly accessed by adit via the pit by-pass tunnel that restores waterway access to the upstream watershed and which hosts at least as much by-product antimony as Stibnite would produce during its 15 year life. Antimony isn't overly important to emerging technologies, but if a molten salt technology being investigated as a storage system for renewable energy became viable, the Stibnite Mine would be the place to call. In a sense Perpetua Gold Corp is a short term bet that the politics of its major shareholder will not get in the way of mine approval, and, if that bet fails, a longer term bet that Trump or a clone regains the presidency in 2024. The alternative is a buyout by a major gold producer among whom Barrick Gold which already owns 11.3% is a primary contender because it may have at its disposal an alternative scenario where concentrate gets trucked to Nevada for roasting at one of its facilities with spare capacity. However, since the formation of the Nevada Gold JV with Newmont in 2019 whose purpose was to rationalize the infrastructure of their respective operations this opportunity may no longer be available. So Perpetua should be looked at as a future standalone mine open to all bidders which currently offers Good Speculative Value because of market skepticism about mine approval and the competence of the management team installed by John Paulson, a vocal Trump supporter, after forcing out in late 2020 Stephen Quin's team which had led Stibnite through the permitting cycle and delivered a feasibility study. (Apr 6, 2021)
Company Related KRO Comments
Nov 3, 2022Kaiser Watch - 0:16:02
Sep 2, 2022Kaiser Watch - 0:21:39
Jul 15, 2022Kaiser Watch - 0:15:49
Jun 23, 2022Kaiser Watch - 0:00:00
Apr 14, 2022Kaiser Watch - 0:33:46
Mar 3, 2022Kaiser Watch - 0:08:48
Jan 20, 2022Kaiser Watch - 0:07:08
Aug 19, 2021Discovery Watch with HoweStreet.com - 0:00:01
Jul 28, 2021Discovery Watch with HoweStreet.com - 0:00:01
Apr 8, 2021Discovery Watch with HoweStreet.com - 0:00:01
Apr 6, 2021Tracker: What's Next for Perpetua Gold Corp
Apr 6, 2021Tracker: Spec Value Rating for Perpetua Gold Corp (PPTA-T)
Apr 5, 2021Tracker: Is Perpetua headed the way of the Roman noblewoman and her slave Felicity?
Dec 23, 2020Discovery Watch with HoweStreet.com - 0:00:01
Nov 25, 2020Discovery Watch with HoweStreet.com - 0:00:01
Aug 28, 2020Discovery Watch with HoweStreet.com - 0:09:52
Aug 28, 2020Tracker: What's Next for Midas Gold Corp?
Aug 27, 2020Tracker: US Forest Service accepts Draft EIS for the Stibnite gold-antimony project of Midas Gold
Aug 3, 2020Tracker: What's Next for Midas Gold Corp?
Jul 29, 2020Discovery Watch with HoweStreet.com - 0:16:56
Jul 27, 2020Tracker: What is Midas Gold worth at current gold prices?
Apr 15, 2020Discovery Watch with HoweStreet.com - 0:17:24
Mar 19, 2020Discovery Watch with HoweStreet.com - 0:20:10
Jul 19, 2019Tracker: Spec Value Rating for Midas Gold Corp (MAX-T)
Jun 6, 2019Discovery Watch with HoweStreet.com - 0:22:41
Feb 5, 2019Discovery Watch with HoweStreet.com - 0:00:00
May 17, 2018Discovery Watch with HoweStreet.com - 0:00:00
May 9, 2018SVH Tracker: Barrick invests $49 million in Midas Gold to secure 19.9%
Jan 10, 2018SVH Tracker: Recommendation Strategy for Midas Gold Corp
Jan 5, 2018Discovery Watch with HoweStreet.com - 0:23:23
Jun 30, 2017Discovery Watch with HoweStreet.com - 0:14:31
Jun 9, 2017Discovery Watch with HoweStreet.com - 0:04:20
Feb 24, 2017Discovery Watch with HoweStreet.com - 0:00:00
Jan 17, 2017SVH Tracker: Recommendation Strategy for Midas Gold Corp
Jan 5, 2017Discovery Watch with HoweStreet.com - 0:00:00
Mar 22, 2016SVH Tracker: Recommendation Strategy for Midas Gold Corp
May 26, 2015SVH Tracker: Midas raises $8 million to eliminate financing risk over next 12 months
Feb 15, 2015Excerpt from Express 2015-01: SVH 2015 January Review - Midas Gold
Feb 11, 2015SVH Tracker: Recommendation Strategy for Midas Gold Corp
Mar 31, 2014Spec Value Hunter Comment: Recommendation Strategy for Midas Gold Corp
Sep 6, 2013Spec Value Hunter Comment: Recommendation Strategy for Midas Gold Corp

Company News Releases
Jan 12, 2023U.S. Forest Service Comment Period Closes for Proposed Stibnite Gold Project with Strong Public Support
Dec 19, 2022Receives Critical Minerals Award of up to $24.8 million under the Defense Production Act
Nov 14, 2022Third Quarter 2022 Highlights
Nov 9, 2022Supplemental Draft EIS Highlights Positive Environmental Outcomes
Oct 28, 2022U.S. Forest Service Chooses Perpetua Resources' Proposed Stibnite Gold Project as Preferred Alternative
Oct 24, 2022Completes Initial Stream Diversion Activities Contributing to Water Quality Improvements at Historic Mine Site
Sep 19, 2022Awarded Department of Defense Funding to Study Antimony from Stibnite Gold Project
Sep 6, 2022Stibnite Gold Project Moves Toward Public Review
Aug 15, 2022Second Quarter 2022 Highlights
Jul 12, 2022Begins Investment in Water Quality Improvements At Historic Mine Site

Verde Agritech Ltd (NPK-T) RSWeb SiteTreeForumSEDARQuoteFREE
Issued
52,234,844
Price
$6.70
Working Capital
$8,891,000
Story Type
Producer
Diluted
54,270,158
Insiders
19.1%
As of
9/30/2022
Key People
Cristiano Veloso (CEO), Felipe B. Paolucci (CFO),
SV Rating: Good Spec Value - Favorite - as of December 30, 2022
Company Related KRO Comments
Jan 6, 2023Kaiser Watch - 0:34:39
Nov 18, 2022Kaiser Watch - 0:24:13
Oct 28, 2022Kaiser Watch - 0:00:00
Sep 16, 2022Kaiser Watch - 0:14:04
Sep 2, 2022Kaiser Watch - 0:06:17
Aug 18, 2022Kaiser Watch - 0:00:00
Aug 11, 2022Kaiser Watch - 0:25:32
Jul 15, 2022Kaiser Watch - 0:36:11
Jul 7, 2022Kaiser Watch - 0:00:00
Jun 2, 2022Kaiser Watch - 0:00:00
May 26, 2022Kaiser Watch - 0:16:47
May 19, 2022Kaiser Watch - 0:16:54
Apr 28, 2022Kaiser Watch - 0:18:21
Apr 21, 2022Kaiser Watch - 0:00:00
Apr 14, 2022Kaiser Watch - 0:35:37
Apr 7, 2022Kaiser Watch - 0:00:00
Mar 24, 2022Kaiser Watch - 0:09:17
Mar 10, 2022Kaiser Watch - 0:00:00
Mar 3, 2022Kaiser Watch - 0:08:48
Mar 3, 2022Kaiser Watch - 0:23:54
Dec 29, 2021Discovery Watch with HoweStreet.com - 0:20:28
Nov 17, 2021Discovery Watch with HoweStreet.com - 0:00:01
Jan 8, 2021Discovery Watch with HoweStreet.com - 0:20:31
Mar 26, 2020Discovery Watch with HoweStreet.com - 0:14:20
Nov 21, 2019Tracker: Poor spin control makes Verde Agritech a bargain
Nov 21, 2019Discovery Watch with HoweStreet.com - 0:28:58
Jun 28, 2019Tracker: Spec Value Rating for Verde Agritech Plc (NPK-T)
Jun 6, 2019Discovery Watch with HoweStreet.com - 0:00:00
May 22, 2018Discovery Watch with HoweStreet.com - 0:08:17
Mar 12, 2018Discovery Watch with HoweStreet.com - 0:25:16
Nov 28, 2017SVH Tracker: Verde Agritech spells out Super GreenSand game plan
Nov 24, 2017Discovery Watch with HoweStreet.com - 0:15:23
Jun 2, 2017Discovery Watch with HoweStreet.com - 0:06:36
May 3, 2017Discovery Watch with HoweStreet.com - 0:14:54
Feb 17, 2017Discovery Watch with HoweStreet.com - 0:00:00
Feb 13, 2017SVH Tracker: Recommendation Strategy for Verde Agritech Inc
Jul 22, 2016SVH Tracker: Verde Potash plans to market Super GreenSand as cat litter
Mar 21, 2014Spec Value Hunter Comment: Recommendation Strategy for Verde Potash plc
Mar 11, 2014Spec Value Hunter Comment: Verde Potash gets specialty coffee designation for ThermoPotash fed beans
Dec 3, 2013Spec Value Hunter Comment: Recommendation Strategy for Verde Potash plc
May 14, 2013Spec Value Hunter Comment: Verde Potash BFS needs 200 tpd demonstration plant for critical performance guarantees
Jun 27, 2012Spec Value Hunter Comment: Reuters tries to rattle Brazilian resource stocks with alarmist talk about resource nationalism
Mar 27, 2012Spec Value Hunter Comment: Analysis of the Verde Potash PEA
Jan 31, 2012Spec Value Hunter Comment: Verde Potash PEA flashes green light for game changer Cambridge Process
Nov 30, 2011Spec Value Hunter Comment: Verde Potash working on PEA for Cambridge process
Apr 25, 2011Spec Value Hunter Comment: Amazon changes name to Verde Potash Plc
Jan 16, 2011Express 2011-01: Research Report Focus - Amazon Mining Holding plc
Dec 21, 2010Spec Value Hunter Comment: Amazon files a patent application for a process that could be a game changer
Aug 11, 2010Spec Value Hunter Comment: Amazon study shows release rates comparable between KCl and ThermoPotash
Apr 14, 2010Spec Value Hunter Comment: Amazon pursuing marketing study ahead of PEA completion
Jan 29, 2010Spec Value Hunter Comment: Amazon's glauconite drilling outlines initial resource footprint
Dec 18, 2009Bottom-Fish Comment: Amazon reports initial drill results for Cerrado Verdete potash project in Brazil

Company News Releases
Dec 5, 2022Construction Permit for Railway to Freight up to 55% Market Share
Nov 22, 2022Awarded Easements for the 23Mtpy Production Scenario Of its Pre Feasibility Study
Nov 14, 2022Revenue Grows by 156% in Q3 2022, With a 123% Increase in EBITDA
Nov 1, 2022Starts Ramp up of Plant 2s Second Stage to Reach Production of 2.4Mtpy
Oct 26, 2022Verdes Plant 2 hits 1.2 Mtpy Nameplate Production
Oct 19, 2022Concludes Repair of Road to Plant 2
Sep 27, 2022To Present at the Morgan Stanley Global Chemicals, Agriculture, and Packaging Conference
Sep 20, 2022Madeleine Lee Joins Verdes Board of Directors
Sep 13, 2022Luciana de Oliveira Cezar Coelho and Fernando Prezzotto Join Verdes Board of Directors
Sep 9, 2022Provides Update

 
 

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