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KRO Profile
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Price: | $8.200 | Open Rec: | See Strategy | |
Market Cap: | $1,079,693,680 | WC % of Mkt Cap: | 8% |
Working Cap: | $90,084,000 | As of: | 12/31/2023 |
Issued: | 131,669,961 | Insider %: | 0.4% | Diluted: | 145,534,535 | Story Type: | Resource: Discovery Exploration |
Key People: | Ken Brinsden (CEO), Pierre Boivin (Chair), D. Blair Way (COO), Bradley Seward (VP CD), Darren L. Smith (VP EX), Kelly Pladson (Sec), |
SV Rating: Fair Spec Value - Favorite - as of December 29, 2023: 92 Resources Corp has a Bottom-Fish Spec Value rating based on the strategic location of its Corvette "lithium" project within the apparent trend of the emerging Mythril copper discovery of Midland Exploration Inc. NTY, which has 87.8 million issued and 104.6 million fully diluted, of which declared insiders own less than 2%, and about $600,000 in flow-thru capital that must be spent in 2019, would not qualify for a Bottom-Fish or higher Spec Value rating if it were not located near ground zero in what appears to be shaping up as a Great Canadian Area Play, a resource junior market phenomenon which we have not seen since 2007-2008 when Noront ignited the McFauld's Lake region with its nickel discovery which failed to achieve world class scale. The James Bay region had a mini area play in 2004-2006 when Virginia Gold discovered the Eleonore gold deposit. This time around Quebec has formalized James Bay as part of Plan Nord, a government initiative to develop the northern two-thirds of the province. The James Bay Plan Nord Area Play does not yet have confirmation of a world class discovery, which could come in early May when Midland reports results from its initial 11 hole program at Mythril, though will more likely unfold during the 2019 summer as Midland gets 3 drill rigs turning and a better understanding emerges for this new copper system which has attracted the attention of BHP, the world's biggest copper producer which is not interested in anything with less than world class scale. The realization that NTY is positioned to become the third hottest junior after Midland and Azimut Exploration Inc during the emerging stage of the James Bay Plan Nord Area Play has lit a fire under a group that has suffered as the resource junior bear market trudges along in its eighth y...(see Profile for full Overview) |
Last Corporate Change - Feb 1, 2024: New Exchange Listing |
Last KRO Comment - Mar 22, 2024: KW Excerpt: Kaiser Watch March 22, 2024: Patriot Battery Metals Corp (PMET-T) |
Recent News - Mar 25, 2024: Discovers New Spodumene Pegmatite Occurrence (CV14) at Corvette, Quebec, Canada |
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Project |
Interest |
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Country |
Region |
Stage |
IPV ($mm) |
Target |
Deposit Model |
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Corvette |
100% WI |
|
Canada |
James Bay |
4-Infill & Metallurgy |
$1,193 |
Lithium |
Pegmatite |
|
Pontax River |
100% WI |
|
Canada |
James Bay |
2-Target Drilling |
$1,193 |
Lithium |
Pegmatite |
|
Hidden Lake |
10% TC |
|
Canada |
Northwest Territories |
2-Target Drilling |
$11,934 |
Lithium |
Pegmatite |
|
Eastmain |
100% WI |
|
Canada |
James Bay |
1-Grassroots |
$1,193 |
Lithium |
Pegmatite |
|
Lac du Beryl |
100% WI |
|
Canada |
James Bay |
1-Grassroots |
$1,193 |
Lithium |
Pegmatite |
|
Silver Sands |
100% WI |
|
Canada |
Northern BC |
1-Grassroots |
$1,193 |
Vanadium |
Sediment Hosted |
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Golden Silica |
100% WI |
|
Canada |
Southeast BC |
4-Infill & Metallurgy |
$1,193 |
Silica Sand |
Mineral Sands |
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Price: | $0.810 | Open Rec: | See Strategy | |
Market Cap: | $62,896,385 | WC % of Mkt Cap: | 8% |
Working Cap: | $4,952,000 | As of: | 9/30/2023 |
Issued: | 77,649,858 | Insider %: | 12.6% | Diluted: | 87,156,525 | Story Type: | Resource: Feasibility Demonstration |
Key People: | Christopher E. Herald (CEO), Brian Labadie (Chair), James R. Maronick (CFO), Walter H. Hunt (COO), |
SV Rating: Fair Spec Value - Favorite - as of December 29, 2023: Solitario Zinc Corp was made a Fair Spec Value rated 2023 Favorite at $0.84 on Decxember 30, 2022 based on the potential of the relatively new Golden Crest project in South Dakota to turn into a major gold discovery, and the sleeper potential of the company's Florida Canyon and LIK zinc projects. The key missing piece is a plan of operations permit which would allow Solitario to begin drilling targets it has developed on the 13,500 ha Golden Crest project which the junior began assembling in early 2021. Environmental assessment work was initiated in February 2022 and approval is expected in Q2 of 2023 with drilling underway in H2 of 2023. Golden Crest covers an unexplored plateau to the west of the Black Hills where 93 million ounces have been identified within a 12,000 ha area. Of these 68.3 million ounces are attributable to the Precambrian basement hosted banded-iron-formation Homestake deposit, 8.2 million ounces to the Paleozoic sediment hosted Wharf Mine, and the rest in a variety of deposits including the Richmond Hill/Maitland land package assembled by Bob Quartermain's Dakota Gold Corp. Whereas the exploration activity in the Black Hills to the east involves rethinking the existing geology in the hope that past exploration overlooked significant gold zones, Solitario's work at Golden Crest to the west is old-fashioned grassroots exploration so far limited to geophysical surveys with surface prospecting and trenching. Golden Crest has seen limited exploration beyond a few old-timer prospect pits that didn't come up with much, and several scout holes drilled by Homestake in the 1990s which confirmed the presence of Homestake Formation within the Precambrian basement at a depth of 300-400 m but never attracted further attention from Homestake. The major also condu...(see Profile for full Overview) |
Last Corporate Change - Jul 18, 2023: 1:1 Name Change from Solitario Zinc Corp (SLR-T) |
Last KRO Comment - Mar 15, 2024: KW Excerpt: Kaiser Watch March 15, 2024: Solitario Resources Corp (SLR-T) |
Recent News - Mar 18, 2024: Significantly Expands Geyser Gold Target with New Multi Gram Gold Assay Results Remains Open in Two Directions |
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Project |
Interest |
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Country |
Region |
Stage |
IPV ($mm) |
Target |
Deposit Model |
|
Golden Crest |
100% WI |
|
United States |
South Dakota |
2-Target Drilling |
$71 |
Gold |
Banded Iron Formation |
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Florida Canyon |
30% FC |
|
Peru |
Northern Peru |
5-PEA |
$235 |
Zinc Lead Silver |
Mississippi Valley |
|
Lik |
50% WI |
|
United States |
Alaska |
5-PEA |
$141 |
Zinc Lead Silver |
Sedex |
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Price: | $0.835 | Open Rec: | See Strategy | |
Market Cap: | $154,558,500 | WC % of Mkt Cap: | 22% |
Working Cap: | $33,607,507 | As of: | 6/30/2023 |
Issued: | 185,100,000 | Insider %: | 24.8% | Diluted: | 208,800,000 | Story Type: | Resource: Discovery Exploration |
Key People: | Christopher Evans (MD), Sephen Biggins (Chair), Justin Boylson (Chair), Carl Caumartin (VP EX), Peter Youd (Sec), |
SV Rating: Fair Spec Value - Favorite - as of December 29, 2023 |
Last KRO Comment - Jan 26, 2024: KW Excerpt: Kaiser Watch January 26, 2024: Winsome Resources Ltd (WR1-ASX) |
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Project |
Interest |
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Country |
Region |
Stage |
IPV ($mm) |
Target |
Deposit Model |
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Adina |
100% WI |
|
Canada |
James Bay |
4-Infill & Metallurgy |
$174 |
Lithium |
Pegmatite |
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Decelles |
100% WI |
|
Canada |
Abitibi Belt |
1-Grassroots |
$174 |
Lithium |
Pegmatite |
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Mazerac |
100% WI |
|
Canada |
Abitibi Belt |
1-Grassroots |
$174 |
Lithium |
Pegmatite |
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Cancet |
100% WI |
|
Canada |
James Bay |
3-Discovery Delineation |
$174 |
Lithium |
Pegmatite |
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Sirmac-Clapier |
100% WI |
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Canada |
Chibougamau |
2-Target Drilling |
$174 |
Lithium |
Pegmatite |
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