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Initial results from the ongoing 40,000m drill program at Beta Hunt have returned exceptional grades. The results suggest that our upside case is modestly more likely, with our current fair value estimate at C$0.97 (was C$0.94). We continue to expect ongoing exploration and development work to be the key catalysts for demonstrating the potential that we see at Beta Hunt.
NxGold is advancing its Pilbara projects towards a maiden drill program. We continue to believe that the current enterprise value (EV) of the company does not reflect ongoing exploration success or the potential that this company has to make a gold discovery in the Pilbara. With funding in-place to advance this project through initial drilling, we believe the market is providing investors an with opportunity as it has yet to price in this company’s fair value.Highlights:
Bonterra is continuing to advance towards a company-wide mineral resource estimate encompassing its Gladiator, Barry and Moroy deposits. The company will move all three projects ahead simultaneously in the aim of creating a development plan which incorporates the company’s nearby Urban Barry Mill. We believe Bonterra could uncover large high-grade system at Gladiator which alongside Moroy and Barry, underpins the company’s ~190koz/year production potential by 2020E.
Phase I of drilling at FireFox’s Mustajärvi project successfully intersected high grade gold at depth and validated historic exploration results near surface. In our recent report on Finland, we outlined FireFox as having a potential value of C$0.63/share contingent on continued exploration success at Mustajärvi. As the company moves in to Phase II of drilling, we view this progress as aligning well with our estimates.
With renewed exploration permits for the next 3 years, four drill rigs, a ~C$ 4.5M budget and a 70-person workforce mobilized we expect that Mawson will begin to showcase the potential we see in their ability to uncover a significant gold deposit at Rajapalot. In our recent report on Finland, we highlighted our belief that Mawson could be worth C$0.79/share and we expect coming newsflow to prove this.
Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.
Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.
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