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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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Anchan

From: LoneClone	2/3/2022 1:21:51 PM
	1 Recommendation of 78405

I am very disappointed that Wallbridge Mining aka WM did such a large offering at such a low price. The redeeming feature is that much of the offering is flow through shares hence so they are being prices at 55 cents, well above the current criminally low share price. As well, I was glad to see that Kirkland Lake Gold, one of the leading candidates to buy the Fenelon/Martiniere complex from WM, took part in the offering to maintain their ownership stake at 9.9%. ca.finance.yahoo.com FWIW, I tracked down several analyst reports related to yesterday's PRs. Yesterday B2Gold aka BTO announced a Resource Update and permit grant in the neighbourhood of their Fekola Au mine in Mali. Scotia saw these developments as positive but expected and so maintained BTO at Sector Outperform with a target of $8. Yesterday i-80 Gold aka IAU announced the discovery of a new high grade zone at their Granite Creek development project in Nevada, and consequent expansion of a drill programme leading up to a Resource Report and the start of production H2. Again, Scotia views these developments as positive but kept IAU at Sector Perform with a target of $4.75. Calibre Mining aka CXB brought us an update on their discovery and resource expansion drilling programs on their gold prjects and prospects in Nicaragua Included is a review of the successful 2021 exploration programmes, which included more than 100km of drilling and more than doubled reserves. The proposed 2022 programmes total over 85k of drilling with the aim of delineting 250k oz Au deposits to provide feed for their mills, This will include both near-mine opportunities and out and out exploration, as well as geophysics. Message 33691904 Mean, the PoG continues to chop around within a range. According to Saville, the most likely catalyst to move the PoG and hence gold stocks upward would be a downward reversals in T-bond and T-note yields.

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