The Gold Report

Source: Bob Moriarty for Streetwise Reports 02/16/2020 Bob Moriarty of 321gold profiles an exploration junior with a high-grade project in the Juneau gold belt. There are a ton of tiny juniors out there who are taking advantage of a more favorable financing market to cash up and get cranking. One, with a tiny market cap of about $5 million at the time, contacted me a few weeks back with an interesting story. They wanted to advertise and were coming out with a private placement so I bought into it. The market quickly understood what the company had so the shares doubled before the placement closed. In fact, the demand was so brisk they had to raise the price and doubled the size of the pp. The company is called Grande Portage Resources Ltd. (GPG:TSX.V) and they have a most compelling story. Their Herbert gold prospect in SE Alaska, just west of Northern British Columbia, is in the midst of the Juneau gold belt that has produced seven million ounces of gold to date. They own 100% of the project. A 43-101 released in May of 2019 revealed an indicated resource of 607,000 ounces of gold at a 10.03 g/t grade while the inferred resources showed an additional 252,000 ounces of gold at a grade of 14.15. The six veins that GPG has located on the project are mesothermal in nature which can mean they go as much as eight times as deep as they are long. With grades such as … Continue reading →

Source: Maurice Jackson for Streetwise Reports 02/16/2020 Maurice Jackson of Proven and Probable talks with Rick Rule of Sprott USA and John-Mark Staude of Riverside Resources about the investment promise of project generators. Maurice Jackson: Today we will highlight what may be the most overlooked value proposition in exploration, prospect generators. Joining us for a conversation is legendary investor Rick Rule of Sprott USA and Dr. John-Mark Staude of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB). Rick, you, along with Sprott USA, are the most trusted and respected names in the natural resource space. That reputation has been earned with a proven pedigree of personal and investment success for the clients of Sprott USA by identifying companies and sectors that are selling at deep discounts. I would like to begin by asking you a two-fold question. What is a prospect generator and why should someone reading strongly consider the value proposition they may present for one’s portfolio? Rick Rule: A prospect generator, as I define it, Maurice, is an exploration company that uses the management’s technical expertise and commercial acumen to generate investment ideas and an investment thesis, stake those ideas, stake the physical terrain and then bring in other partners to share the financial risk—often to bear the financial risk—in return for a carried interest in the property and or a royalty. The idea is that the exploration business is very much like any other form of research and development business, and that the chief value is actually the intellectual capital … Continue reading →