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

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Pianoman1997
the longhorn
From: LoneClone2/7/2023 2:49:14 PM
3 Recommendations   of 78404
 
HMLO, MAI

Hemlo Explorers aka HMLO released a year end recap and look forward regarding their properties in the Hemlo area of Ontario. I won't spend much time on the past year's accomplishments, as they have been covered here already -- sold a lithium property, JVed an Au prospect to ABX, and picked up and started to explore a property called Project Idaho near GMIN's under construction Marathon pd mine which appears to features some of the same mineralization.

2023 will continue the focus on Project Idaho, including more sampling and geophysics leading up to drilling. They also expect news from the ABX option and are in talks to acquire more prospects.

Message 34181315

FIWI, the IKN newsletter this weekend included a long update on Minera Alamos aka MAI. Obviously I can't share details, but I will share that using an extremely conservative valuation of just the current Santana gold mine and the Cerro de Oro mine that will start construction this year -- i.e. assigning no value to the Santana expansion, Fortuna, Minera Copper, or its current cash holdings -- IKN derives a valuation of 75 cents a share.
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