White Gold Delivers, Investors Don’t

Source: Bob Moriarty for Streetwise Reports 11/10/2019

Bob Moriarty of 321gold discusses the stock price of this explorer with a major gold resource in the Yukon.

White Gold Corp. (WGO:TSX.V; WHGOF:OTCBB) is one of those companies with great partners, Kinross Gold as well as Agnico Eagle, over 1.7 million ounces in a gold resources in one of the best gold camps in Canada but can’t seem to get any respect. At the end of December of last year the shares traded as high as $1.69 but have tumbled lately to a new yearly low of $0.73.

I’ve said this before and I’ll keep saying it until everyone gets it. The key to making a profit in investing is to buy when things are cheap and sell when they are dear. White Gold has gone from $0.54 in September of 2018 up to $2 a month later and has dribbled back down. Surely there was a lot of potential to trade those shares at a profit in there somewhere.

In spite of the bundles of crisp $100 bills being tossed on a bonfire by the Fed since a Black Swan event in mid-September that no one can seem to figure out what caused, speculators in gold got carried away. The open interest hit a new record high and lately the price dropped a lot as gold is making a perfectly normal correction. Generally we have a low in mid-summer and at the end of the year at Tax Loss Silly Season and I think this year will be no different.

White Gold had fifteen million warrants from a 2016 private placement that expired on October 27th. The warrants were at $0.27 so you may safely assume all of them were exercised. The good news is that it brought in $3.35 million in cash to the treasury. The bad news is that due to a basic lack of liquidity sellers of the shares in order to exercise their warrants have driven the price of the stock down by 25% in the last month even while the company is charging forward.

Part of the price mismatch is due to investors being overloaded with information on the various projects White Gold is advancing. White Gold controls over 40% of the land in the White Gold district including 35 different properties. White Gold is not advancing one or two flagship projects; they are advancing the entire frigging district.

The company’s 2019 exploration program called for 17,000 meters of core drilling and an additional 7,500 meters of Reverse Circulation drilling. A revised 43-101 just based on the 2018 exploration work was released in late July. It showed a 25% increase in 43-101 resources at the Golden Saddle and Arc projects to over 1.5 million ounces of gold.

I fear investors are getting bogged down in minutiae as one press release after another is posted and they are simply confused. Rather than trying to understand the numbers to compare with other companies with drill programs only 10% of the size of White Gold, investors should think about the big investors in WGO, Kinross and Agnico Eagle.

Each company owns about 18.9% of the shares. All in all, about 60% of the shares are in the hands of insiders leaving a relatively small float of 40% for everyone else.

The gold exploration space has changed over the last twenty years. The majors and mid-tier mining companies have left the exploration business. And each year they consume more and more of their young. So in the near future the big mining companies must go on a binge of buying up juniors with real resources in friendly environments.

White Gold serves as the exploration arm of both Kinross and Agnico Eagle. When the proven resource gets big enough and the price of gold high enough we know that one or both of those companies will belly up to the bar and buy WGO.

So you can safely ignore drill results such as 24.38 meters of 23.44 g/t gold at JP Ross, 3.59 g/t Au over 68.0 meters, 83.13 g/t au over 2.2 meters, 30.86 g/t gold over 7 meters and 24.86 g/t gold over 7 meters. Knowing that the company reported grab samples of 605 g/t gold, 497 g/t gold and a further 113 g/t gold doesn’t necessarily tell you what you need to know but I can guarantee Kinross and Agnico Eagle realize what those results mean.

I was buying Great Bear Resources at $0.50 a share before they started releasing extraordinary results. I knew and I told them they were on to something big. Great Bear is now $5.87 a share and they have a $248 million market cap. White Gold closed at $0.77 on Friday and shows a $95 million-market cap. In my view White Gold is the better company but it has a market cap only 40% of what GBR has.

The price is cheap today because (1) investors can’t cope with half a dozen projects being advanced at the same time and (2) a flood of shares being sold to pay for the $0.27 warrants. As to (1), ignore it; you don’t have to keep track of a bunch of projects. Let Kinross and Agnico Eagle do your due diligence for you and (2) as the overhang of shares stops since the warrants have expired, expect a pop in the share price.

I’m looking for the correction in the price of gold and silver to continue. Mid-December would be a great time for a low if the DSI goes below 10 for both of them and Tax Loss Silly Season ends. But while I see a lot of juniors declining into year-end, I suspect WGO will go higher. The reason for their decline in price has passed.

White Gold is an advertiser and I bought shares in the open market. Do your own due diligence.

White Gold Corp.
WGO-V $0.77 (Nov 11, 2019)
WHGOF-OTCBB 113.4 million shares
White Gold website.

Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure:
1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: White Gold. White Gold is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

( Companies Mentioned: WGO:TSX.V; WHGOF:OTCMKTS,
)

What’s Coming In Q4 – Adam (Fundamentalist) & Chris (Chartist) Explain

October 17, 2019
Chris Vermeulen
TheTechnicalTraders.com

 

 

 

Note from Dudley - These Guys Are Good:
Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.

WHAT’S COMING IN Q4 – ADAM (FUNDAMENTALIST) & CHRIS (CHARTIST) EXPLAIN

Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.

E.B. Tucker with Casey Research, recently referred to Dudley as ‘the top expert in the field with over 40 years of experience‘ with stock warrants.

“I also encourage you to check out the work from our friend Dudley Baker. Dudley is the founder and editor of Common Stock Warrants. He’s been trading warrants for 40 years and has developed an exclusive database of all stock warrants trading in the U.S. and Canada. We’re paid-up subscribers as well.”

A few examples for you to see the power and leverage of using stock warrants.

Stock Warrants – Power Point Presentation

 

Jeff Baker
Senior Analyst – Admin/Web Developer
B.Sc. Geological Sciences (UTEP)
Common Stock Warrants & Junior Mining News

I Mentioned This Before, And You Need To Know – Take It Or Leave It!

October 17, 2019
Chris Vermeulen
TheTechnicalTraders.com

 

 

 

Note from Dudley - These Guys Are Good:
Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.

I Mentioned This Before, And You Need To Know - Take It Or Leave It!

Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.

E.B. Tucker with Casey Research, recently referred to Dudley as ‘the top expert in the field with over 40 years of experience‘ with stock warrants.

“I also encourage you to check out the work from our friend Dudley Baker. Dudley is the founder and editor of Common Stock Warrants. He’s been trading warrants for 40 years and has developed an exclusive database of all stock warrants trading in the U.S. and Canada. We’re paid-up subscribers as well.”

A few examples for you to see the power and leverage of using stock warrants.

Stock Warrants – Power Point Presentation

 

Jeff Baker
Senior Analyst – Admin/Web Developer
B.Sc. Geological Sciences (UTEP)
Common Stock Warrants & Junior Mining News

GLOBAL WARNING

GLOBAL WARNING

October 17, 2019

by Egon von Greyerz

“Sic Transit Gloria Mundi” (Thus passes the glory of the world). This phrase was used at the papal coronations between the early 1400s and 1963. It was meant to indicate the transitory or ephemeral nature of life and cycles.

As we are now facing the end of a major economic, political and cultural cycle, the world is likely to experience a dramatic change which very few are prepared for. Interestingly, the peak of economic cycles often coincide with the peaks in climate cycles. At the height of the Roman Empire, which was when Christ was born, the climate in Rome was tropical. Then the earth got cooler until the Viking era which coincided with the dark ages.

THE PROBLEM IS “THE ECONOMY STUPID” AND NOT THE CLIMATE

Yes, of course global warming has taken place recently as the effect of climate cycles. But the cycle has just peaked again which means that all the global warming activists will gradually cool down with the falling temperatures in the next few decades. The sun and the planets determine climate cycles and temperatures, like they have for many millions of years, and not human beings.

The climate activists are spending their efforts on the wrong issue. The big disaster looming for the world is not climate change but “the economy stupid” (phrase coined by Clinton).

So let’s instead look at the real coming disaster that the world needs to focus on and a number of facts that are self-evident even though very few are aware of them.

Instead of worrying about global warming, which we humans cannot effect, we should instead issue a GLOBAL WARNING about the coming economic cataclysm so that the world can be prepared for the extremely serious problems that will hit us all in the next few years.

Below I outline a potential scenario for the next 5-10 years:

  • BIGGEST ECONOMIC DISASTER IN HISTORY
    The world is heading for an economic disaster of a magnitude that is much greater than the 1930s depression. There is really nothing to compare with in history since the world has never been in a similar situation before when every single major economy is at risk.
  • GLOBAL DEBT WILL KILL THE WORLD ECONOMY
    Never before in history have all major countries lived above their means for such an extended period. And never before has global debt been almost 4X global GDP.
  • $2 QUADRILLION DEBT AND LIABILITIES
    In addition, unfunded liabilities, like medical care and pensions, are at least $300 trillion globally. If we add gross derivatives of $1.5 quadrillion, which are likely to turn into real debt as counterparties fail, the total debt and liabilities are above $2 quadrillion.
  • DEBT AT 30X GLOBAL GDP CAN NEVER BE REPAID
    $2 quadrillion is almost 30X global GDP. Who is going to repay this debt? Certainly not the current generation which has incurred most of it. And certainly not future generations which will neither have the means, nor the inclination to pay for the sins of the previous generation.
  • DEBT IS GROWING AT AN EVER FASTER RATE
    Most major economies are continuing to spend money they haven’t got and thus to print money and expand credit at an ever faster rate. The US for example has increased debt by $800 billion since June. As the US economy falters, annual deficits of $1-2 trillion will increase manifold in the coming years. And when the banking system comes under pressure, which is happening right now, money printing will accelerate at an ever faster pace. As the global economy falters, most major countries will see deficits and debts rising quickly.
  • NEGATIVE RATES – A RECIPE FOR DISASTER
    Negative rates are a disaster for the world. Over $17 trillion debt now carries negative interest. Firstly, it kills the incentive to save. A fundamental economic principle is that savings equal investments. The world cannot grow soundly with investments financed solely by debt or printed money. With no savings, most banks do not have funds to lend to businesses. Thus investments will slow down dramatically. Negative rates also lead to investors chasing ever riskier investments to get a higher return. Also, pension funds will not achieve adequate returns to cover outstanding liabilities.
  • DEBT AND ALL BUBBLE ASSETS LIKE STOCKS AND PROPERTY WILL IMPLODE
    Like the climate virtually all asset classes are overheated. The bubbles that the credit expansion has created will implode in the next few years together with the debt that created the bubbles. Central banks around the world will make a desperate attempt to save the world economy by printing unlimited amounts of money.
  • ALL CURRENCIES WILL GO TO ZERO – DEFLATION WILL FOLLOW HYPERINFLATION
    As money printing accelerates, paper money will become worthless and a depressionary hyperinflation will hit the world. Hyperinflationary periods on average last for around 1-3 years and are followed by a deflationary implosion of all asset values in real terms. At that point substantial parts of the financial system will cease to function properly or go bankrupt.
  • GOVERNMENTS WILL LOSE CONTROL
    Before new financial and political systems emerge, there will be social upheaval and unrest. Criminality will be widespread as desperate and hungry people will do what they can to feed themselves and their children. In many countries, immigrants will be blamed for the misery of the people. Right and left wing radicals will fight immigrants. There are likely to be periods of anarchy as governments lose control. I do not believe that an elite will control the world at that point. The disorderly unwinding of asset bubbles and the world economy will be uncontrollable.

GLOBAL MARKETS ON THE CUSP OF CRASHING

The above scenario could start at any time. In many respects it has already started. The world will only be aware of the next phase when global markets start the first severe phase of the coming secular downtrend. We could see this already in October which is a notorious crash month. Or it could start as late as in early 2020. We will also start to see increased pressures in the financial system including problems in many European banks as well as US banks.

Once bubbles burst, the course of events could be very rapid. The above scenario could all happen over a few years and probably not more than five. This doesn’t mean that the economy will start recovering rapidly in five year’s time. It just means that markets and the worst problems reach a bottom. But after that the world will crawl along that bottom for many, many years.

There is no absolute protection against this scenario since it will hit all aspects of life and virtually all people. Obviously, people living off the land in remote areas will suffer less whilst people in industrial and urban areas will suffer considerably.

The best financial protection is without hesitation physical gold and some silver. These metals are critical life insurance. But there are clearly many other important areas of protection to plan for. A circle of friends and family is absolutely essential.

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management
Zurich, Switzerland
Phone: +41 44 213 62 45

Matterhorn Asset Management’s global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. Matterhorn Asset Management is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 60 countries.

Metals Are Following Downside Selloff Prediction Before The Next Rally

October 15, 2019
Chris Vermeulen
TheTechnicalTraders.com

 

 

 

Note from Dudley - These Guys Are Good:
Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.

Metals Are Following Downside Selloff Prediction Before The Next Rally

Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.

E.B. Tucker with Casey Research, recently referred to Dudley as ‘the top expert in the field with over 40 years of experience‘ with stock warrants.

“I also encourage you to check out the work from our friend Dudley Baker. Dudley is the founder and editor of Common Stock Warrants. He’s been trading warrants for 40 years and has developed an exclusive database of all stock warrants trading in the U.S. and Canada. We’re paid-up subscribers as well.”

A few examples for you to see the power and leverage of using stock warrants.

Stock Warrants – Power Point Presentation

 

Jeff Baker
Senior Analyst – Admin/Web Developer
B.Sc. Geological Sciences (UTEP)
Common Stock Warrants & Junior Mining News

Lots Of Upside Ahead For The Metals And Miners

October 11, 2019
Chris Vermeulen
TheTechnicalTraders.com

 

 

 

Note from Dudley - These Guys Are Good:
Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.

Lots Of Upside Ahead For The Metals And Miners

Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.

E.B. Tucker with Casey Research, recently referred to Dudley as ‘the top expert in the field with over 40 years of experience‘ with stock warrants.

“I also encourage you to check out the work from our friend Dudley Baker. Dudley is the founder and editor of Common Stock Warrants. He’s been trading warrants for 40 years and has developed an exclusive database of all stock warrants trading in the U.S. and Canada. We’re paid-up subscribers as well.”

A few examples for you to see the power and leverage of using stock warrants.

Stock Warrants – Power Point Presentation

 

 

Jeff Baker
Senior Analyst – Admin/Web Developer
B.Sc. Geological Sciences (UTEP)
Common Stock Warrants & Junior Mining News

Gold Gifts Traders With Another Rotation Below $1500

October 11, 2019
Chris Vermeulen
TheTechnicalTraders.com

 

 

 

Note from Dudley - These Guys Are Good:
Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.

Gold Gifts Traders With Another Rotation Below $1500

Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.

E.B. Tucker with Casey Research, recently referred to Dudley as ‘the top expert in the field with over 40 years of experience‘ with stock warrants.

“I also encourage you to check out the work from our friend Dudley Baker. Dudley is the founder and editor of Common Stock Warrants. He’s been trading warrants for 40 years and has developed an exclusive database of all stock warrants trading in the U.S. and Canada. We’re paid-up subscribers as well.”

A few examples for you to see the power and leverage of using stock warrants.

Stock Warrants – Power Point Presentation

 

 

Jeff Baker
Senior Analyst – Admin/Web Developer
B.Sc. Geological Sciences (UTEP)
Common Stock Warrants & Junior Mining News

Free Market Capitalism: Laughably Predictable

Source: Michael Ballanger for Streetwise Reports 10/05/2019

Sector expert Michael Ballanger offers his observations on recent market fluctuations.

On Wednesday, as the kiddies were upset over a swooning S&P, then trading a paltry 5% from the all-time high of 3,027, I tweeted out this graphic that perfectly describes my cynical view of the paper markets around the world.

What prompted me to exercise my artistic flair was that the screams were loudest in the world of social media where the Millennial Horde had leveraged Mommy’s 2018 BMW Roadster convertible in order to trade S&P futures from the long side. “Cut rates!” they type-screamed using CTRL-B,U,I for emphasis; “Do the China Deal, Donald!” as margin calls came flooding into their inboxes. And as surely as the sun rises and gold gets hammered on an NFP Friday, the invisible hand reached out and rescued them with mercurial deft and timely precision. All is now right with the world, and stocks are charging back toward the highs with a 57-point turnaround in the S&P in less than two trading sessions. As I tweeted out [yesterday], it was (and is) laughingly predictable.

Now, to underscore the absurdity of this obsession with rising stock markets, take a peak at the next graphic courtesy of Bianco Research. The pink section is all bonds trading at a negative yield, while the green is what would be historically “normal”—you know, a bond that pays the holder that is taking all of the risk a positive return. Is it any wonder that money managers around the world are all flooding into stocks, when over 50% of sovereign (not corporate) bonds are penalizing their owners?

Do any of you recall the term “lender of last resort?” That term refers to the reason why sovereign bonds and bills are assigned a heavenly credit rating, which assumes that, because they own and control the power of taxation, there will always be a working population upon which governments can rely for interest coverage. Where corporations and individuals can file for bankruptcy protection in favor of the bondholder, sovereign nations enjoy the realm of privilege and are blindly obeyed until exogenous shocks to the status quo occur, which place a sovereign nation in default.

The last two countries to default on debt were Greece and Venezuela, and while Greece has had its standard of living stabilized under the shelter of the ECB (European Central Bank) umbrella, Venezuela has no such safety net and its citizens are suffering a malaise not unlike Wiemar Germany 1921–1923 or Zimbabwe post-1986. Now look at this list of countries on “credit default watch,” as measured by spreads on credit default swaps.

  • Ukraine
  • Pakistan
  • Egypt
  • Brazil
  • South Africa
  • Russia
  • Portugal
  • Kazakhstan
  • Turkey
  • Vietnam
  • Around the turn of the century, there was an acronym that combined four countries believed to be global growth drivers for the new millennium, then known as BRIC (Brazil, Russia, India and China). They were the darlings of the Wall Street analytical community for years until quite recently. For reasons beyond all logic, two out of four of them are now on the “watch list” (Brazil and Russia), with China’s current trade war with the West and its suspect shadow banking system making them a soon-to-be-added member. South Africa used to be one of the most dependable and credit-worthy countries on the planet until a socialist thug took over (sharing a common history with Venezuela), and Brazil was once lauded and applauded for its thriving mining and agricultural foundations. Even Germany, the industrial and political backbone of the ECB, has not one bond or bill yielding positive returns.

    I submit to you, my friends, that the malaise to which I refer, starting with the blatant control of all markets (bonds, stocks, Forex and commodities) by government interference is symptomatic of the accelerating early stages of a massive global debt disease. You have read my thoughts on “mistrust“; now you actually can quantify it in the chart shown above. Those negative yields are a wailing air-raid siren, just like 1941 London, and the 2019 version of the Luftwaffe is debt, pure and simple.

    The best and only real defense against a debt implosion is to have your wealth held outside of the traditional banking system, because as we have seen in the countries over time that have defaulted, governments, aided and abetted by their police and armed forces, think nothing of confiscating your wealth “for the common good,” meaning, for their “job security.” They cannot confiscate that which they don’t see, which is precisely why they are jamming the notion of a “cashless society” down your throat. However, this is a very well-trodden path of discussion and debate that you have all heard and read before, so I shall move along.

    Nothing new to be seen here:

    The gold miners, as represented by the HUI (ARCA Gold Bugs Index), have treated me very well thus far in 2019, and while I lament the early exit from the leveraged ETFs (NUGT/JNUG), I did make decent money on both. But where I made “the cut” was on the exits of GDX, GDXJ, GBR.V., and the SLV calls, all in that topping window from Aug. 28 until Sept. 5.

    The hate mail I received was nothing short of profane, and in some cases threatening. While I looked on dispassionately, I dumped all of my precious metals paper holdings while retaining all physical positions in gold and silver. I have now started accumulating from the long side of the paper markets (miner ETFs), and have initiated a small position in the SLV December $18 calls, with two purchases in the past two weeks at $0.23 and $0.47, for an average price of $0.35. I look for a retest of the $18.35 high before year-end. As I stated a few missives ago, I feel far more comfortable owning these positions, with small losses or break-evens, than being on the sidelines with a pile of rotting cash, just sitting there in the full envious view of bankers and government bureaucrats.

    As to gold and silver, my only point of concern is the gap shown above in the HUI chart. There is an old saw —all gaps must be closed—and whether or not this one proves to be true shall remain to be seen. I have chosen to disregard it because the cause of the gap was a runaway up-thrust in gold after the $1,375/ounce breakout. Like so many other “rules” that gold and silver have tossed aside since June, I am aware of the gap but simply not acting upon it.

    As I am writing this on Friday morning due to an afternoon engagement, I will not be able to comment on the COT until Monday. But suffice it to say that I expect a massive reduction in the aggregate shorts in gold held by Commercials, offset by a similar reduction in longs held by Large Speculators. Watching the plunge in open interest and the sudden and very mysterious halt in the declines of the precious metals, it is eerily reminiscent of the same “mysterious” action when it topped on Sept. 4. It is the Commercial Cretins at work doing exactly what they have been doing for ages because it is obvious that the RICO action brought against JP Morgan has done squat to deter their criminal behaviors.

    I urge you all to follow me on Twitter (@Miningjunkie ) in order to get all of the intraday musings (and trading suggestions) that pertain to this abomination called the stock “market.” The month of October is hard upon us and as the intraday events happen too fast for e-mail, Twitter notifies followers of opportunities within seconds. In this world of algobots and managed prices, speed is a tactical advantage and Twitter is one application that delivers.

    Follow Michael Ballanger on Twitter @MiningJunkie.

    Originally trained during the inflationary 1970s, Michael Ballanger is a graduate of Saint Louis University where he earned a Bachelor of Science in finance and a Bachelor of Art in marketing before completing post-graduate work at the Wharton School of Finance. With more than 30 years of experience as a junior mining and exploration specialist, as well as a solid background in corporate finance, Ballanger’s adherence to the concept of “Hard Assets” allows him to focus the practice on selecting opportunities in the global resource sector with emphasis on the precious metals exploration and development sector. Ballanger takes great pleasure in visiting mineral properties around the globe in the never-ending hunt for early-stage opportunities.

    Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

    Disclosure:
    1) Statements and opinions expressed are the opinions of Michael Ballanger and not of Streetwise Reports or its officers. Michael Ballanger is wholly responsible for the validity of the statements. Streetwise Reports was not involved in any aspect of the article preparation. Michael Ballanger was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
    2) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
    3) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

    Charts provided by the author.

    Michael Ballanger Disclaimer:
    This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.

    Miner Increases Gold Ounces, Grade in New Resource Estimate

    Source: Streetwise Reports 09/29/2019

    Company notes “significant increases in gold grade and ounces of gold.”

    Wesdome Gold Mines Ltd. (WDO:TSX) updated the mineral resource estimate for its Kiena mine complex in Val d’Or, Quebec, it announced in a news release.

    The updated estimate includes 36,050 meters (36,050m) and 140 holes more of drill data than the previous one from December 2018. Data from 66 of those holes, covering 18,365m, were from Kiena Deep (the A zone).

    The newly calculated resource for the Kiena Deep A zone amounts to 405,100 ounces (405.1 Koz) of gold at a grade of 18.55 grams per ton (18.55 g/t) in the Measured and Indicated (M&I) category. That compares to 99.3 Koz of 9.95 g/t M&I gold in the 2018 resource estimate.

    Between the new and the 2018 estimates, the Inferred gold resource there grew to 332 Koz from 241.1 Koz, and the grade increased to 15.27 g/t from 11.43 g/t.

    “Our work has continued to grow and better define the high-grade Kiena Deep A zone, and we are confident that the mineral resource will increase as a result of the ongoing drilling of this high-grade area that remains open up and downplunge,” President and CEO Duncan Middlemiss said in the release.

    Along with Kiena Deep, the new report includes resource quantities for other areas of the property: proximal to the Kiena mine development (the A, B, South, VC and S50 zones), outside the Kiena mine area (the Martin, Dubuisson, Northwest, Presqu’ile zones and Wesdome deposit) and all areas combined (global).

    That global resource estimate for the entire Kiena complex to date consists of 788.1 Koz of gold grading 8.67 g/t in the M&I category and 798.1 Koz of 8.51 g/t gold in the Inferred.

    Wesdome continues to drill Kiena Deep and is constructing an exploration drift to aid further drilling there. Also, the exploration and development company will start the necessary “technical studies supporting a potential restart” and continue working on the preliminary economic assessment, expected in H1/20, the release noted. “This will determine next steps and timing of potentially restarting mine operations,” Middlemiss added.

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    Disclosure:
    1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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    3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
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    5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

    ( Companies Mentioned: WDO:TSX,
    )

    Explorer in Mexico Believes New Mine Holds Promise for Blue Sky

    Source: Maurice Jackson for Streetwise Reports 09/24/2019

    Maurice Jackson of Proven and Probable interviews the CEO of this project generator about the prospects for its latest acquisition.

    Maurice Jackson: Joining us for conversation is Dr. John-Mark Staude, the president, director and CEO of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), where knowledge is golden. Dr. Staude, before we delve into today’s interview, please introduce us to Riverside Resources and the opportunity you present to the market.

    John-Mark S.: Riverside is a prospect generator and we’ve been able to deliver joint venture programs. We’ve been able to develop very good value for shareholders, and the value proposition is exposure to multiple commodities for upside with limited downside. Riverside’s well capitalized and moving forward as a strong prospect generator company.

    Maurice Jackson: Back in January, Riverside Resources was involved in some strategic acquisitions, which further expanded the footprint of Riverside in Sonora, Mexico. You have an update for shareholders. Take us there and provide us with the update please.

    John-Mark S.: We do have some exciting news to share. When the markets were tough during the early part of 2019, Riverside took advantage of our bases in Mexico to acquire the properties from Millrock Resources Inc. (MRO:TSX.V; MLRKF:OTCQX) in Mexico. One of those projects, the Los Cuarentos Project, was one of our key acquisitions that we are very excited about, and with the recent results we have from there, we see blue sky going forward.

    Maurice Jackson: How close in proximity is Los Cuarentas to the SilverCrest Metals Inc. (SIL:TSX.V) mine?

    John-Mark S.: The Los Cuarentas Project is very close to the SilverCrest mine. Riverside is immediately to the west of Silvercrest and immediately to the east of the Mercedes mine. That’s where Premier Gold Mines Ltd. (PG:TSX) is operating. And it’s actually just to the northwest of the operations of First Majestic Silver Corp. (FR:TSX; AG:NYSE; FMV:FSE) at Santa Elena Mine.

    We are right in the middle of a major mineralized rich district. The Arizpe (District) was one of the three most important mining and smelting operating locations in the past century for the state of Sonora, and really, for Mexico. For Riverside to get the Los Cuarentos Project is a real coup—really great for us. We’ve worked for years to get it and we’re so excited with the completion of this acquisition from Millrock.

    And for Riverside, the ability to be sandwiched between three other operators—to the north is Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) and their Santa Gertrudis mine—makes Riverside in an ideal place to do transactions and make discoveries in a place we know there’s mineralization.

    Maurice Jackson: Does Riverside have any historical geophysics, geochemistry and drilling from the Los Cuarentos Project?

    John-Mark S.: We do, and one of the most interesting is from the production. There were actually operations going down over 200 meters and a long strike on some of these veins, and a master’s thesis done at the University of Arizona, where I myself got my doctorate. That’s one of the sets of data.

    Then recently, in the last two years, there’s been geophysics of IP (induced polarization) surveys that have defined the veins. There’s been geochemistry, including Riverside’s work and some of the other recent work, that’s extended the veins and found other veins and structural geological mapping alteration. All that was put together on our website, and Riverside will go forward with troll targets. It is very exciting to be able to grab such a great asset and be able to build off of our knowledge.

    Maurice Jackson: Speaking of targets, have any been identified and how many?

    John-Mark S.: Three have been identified. The most important one is the Santa Rosalia vein. The Santa Rosalia mine, right in the heart of the Los Cuarentos district, is a key one where the old operations. Following that to the south is the Santa Rosalia Sur target, where we have good IP, good geophysical indications. Following that further to the south and east along this, over four kilometers of strike length, is El Sombrero. El Sombrero, like a hat, sombrero over the top, El Sombrero being the right type of geology at the top of a boiling zone. Thus we know we’re on top of a good vein system. We don’t know the grade but we know it’s a very exciting target. So [there are] three targets at Los Cuarentos ready to move forward 100% for Riverside. [This is a] really great position for us.

    Maurice Jackson: When does Riverside anticipate drilling to commence?

    John-Mark S.: Riverside is actually working on the drill permits. We have most of the permits but because it’s such a large area we’re finalizing that and finalizing all the surface. Before PDAC, we look forward to having drill results.

    Maurice Jackson: Are there discussions going on with potential JV [joint venture] partners?

    John-Mark S.: There’s interest. We just got back, actually, from a major mining conference, the Beaver Creek Gold Show, and there’s interest there. So yes, we always are entertaining JV partners. Today I actually have meetings with potential partners. We do that every day, but this project in particular does have the attention of some prospective JV partners.

    Maurice Jackson: Switching gears, John-Mark, please share the current capital structure of Riverside.

    John-Mark S.: Riverside’s a very tight company. We’ve been going 13 years. We have 63 million shares outstanding. We are in very good position.

    Maurice Jackson: John-Mark, it’s been a very productive year for Riverside. What is the next unanswered question for Riverside, and when can we expect an answer in what’s going to determine success?

    John-Mark S.: We are positioned very well with our diversified portfolio. With Riverside it’s not one project—we have multiple projects. At Los Cuarentos, we will be defining the drill targets. But also we’re doing work with BHP Billiton Ltd. (BHP:NYSE; BHPLF:OTCPK), and we’re developing high-value work programs that should benefit our shareholders and, likewise, BHP shareholders. Another one is the program we’re doing in Sinaloa, and also the work we’re doing at Cecilia. So we have multiple different things going forward. But one thing right now—Los Cuarentos, we’re very excited about it. Shareholders will see news flow in the coming months from Riverside.

    Maurice Jackson: Dr. Staude, for someone listening that wants to get more information about Riverside Resources, please share the contact details.

    John-Mark S.: Please come to our website at www.rivres.com, or please call us—our IR department and myself would love to speak to you. You may call us at (778)-327-6671.

    Maurice Jackson: Riverside Resources trades on the TSX.V: RRI | OTCQB: RVSDF. Before you make your next bullion purchase, be sure to call me. I’m a licensed representative for Miles Franklin, precious metals investments. We provide a number of options to expand your precious metals portfolio from physical delivery, offshore depositories, precious metal IRAs and private blockchain distributed ledger technology. Call me directly at (855)-505-1900 or you may email maurice@milesfranklin.com.

    Finally, please be sure to subscribe to provenandprobable.com, where we provide mining insights and bullion sales.

    Riverside Resources is a sponsor of Proven and Probable and we are proud shareholders of Riverside Resources for the virtues conveyed in today’s message.

    Dr. John-Mark Staude of Riverside Resources, thank you for joining us today on Proven and Probable.

    Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.

    Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

    Disclosure:
    1) Maurice Jackson: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Riverside Resources and Millrock Resources. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: Riverside Resources and Millrock Resources. Proven and Probable disclosures are listed below.
    2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
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    4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
    5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Riverside Resources and Millrock Resources, companies mentioned in this article.

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    Images provided by the author.

    ( Companies Mentioned: MRO:TSX.V; MLRKF:OTCQX,
    RRI:TSX.V; RVSDF:OTCQB,
    )