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Gold/Mining/Energy : Copper Fox

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To: explorationguy who wrote (10608)12/17/2019 3:38:05 PM
From: louel  Read Replies (1) of 10654
 
Yes the last post results were on GGX partnered with Ximen mining. The area was a former gold rush region in Southern BC along the US border. 90% of the claims in the area are controlled by either Kinross Gold and Ximen or those affiliated with Ximen. Chris Anderson CEO of both Ximen and Golden Dawn has his fingers touching much of the surrounding properties which has historical production. Plus the Kenville, Bret and Treasure Mountain claims. All within easy haul distance. Two were former mines and Tr. Mtn. recently reported drill hits.
As you know Golden Dawn already has a nearly new. 200 tpd mill up-gradable to 400, ready to roll with a bit of servicing. After being built by Merritt mining. It operated for a few months just prior to the crash of 08. GOM bought financially distressed Merritt and has had the mill on Care & Maintenance ever since. It was never left to deteriorate. I've been there and seen it. The mill is just a couple of hours from home

I understand CEO Chris Anderson is working on a deal with RIVI Capital (Lien Holder) to satisfy their concerns and allow the mill to go back into production. As their Chattel was or is in default.

On Secova minerals ;
" Brad Kitchen, President & CEO of Secova commented, “Due to the hard work and significant capital that DNA has put into the project over the last seven years, Montauban will be ready to be in production before the end of 2020.


The Company’s main focus is its 100% ownership of the Eagle River project which is adjacent to and on-trend to several gold projects in the Windfall Lake district of Urban Barry in Quebec. Secova will use its expertise in early stage exploration to create shareholder value by attempting to prove out the potential resource in these assets. "

Took a look at VR . Looks pretty good so far. Ben around for a while. Formerly Roll-up Capital. Walker trend has supported mining for centuries and still making new discoveries there. Round mountain basically next door proved the location is positive. Looking at the chart price action, Volume falling off a bit. Last rally price failed to reach the previous high Could be a pull back till some verification.
But longer term, A P Placement at 22 cents with Warrants at 40 is quite a spread. Says the buyer sees it has potential. Selling the PP shares when they are in the money and hold the no risk Warrants is a money maker if it proves up.

Look at a chart of ERD (Erdene development ) A stock you mentioned before. It its typical of buy and sell stages. Some with long others shorter intervals depending on management promotion approach. But the overall picture seems to repeat in most explorers as they develop.
You can draw a descending line touching the peaks. and a horizontal one between 10 and 14 cents. Should have a upswing again in spring to summer time frame.
I''ve placed VRB in my "Stocks to Watch" list.and look for an trade point as I did with ERD. Thanks.
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