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February 19th, 2020
 
Dear Valued Readers,
 
Today Gold broke through recent highs and is sitting above $1600 US/oz! I'm going to show you the [ Weekly Chart ] so we can see some history (it is a big graphic, be sure to scroll).  Back in September of 2011 Gold hit an intra-day high of $1920.70 according to my fx platform. After that happened there was a triple top in the $1790 range. I'm going to use that as a my 2020 target. It may bounce a round, but longer term that is the next heavy resistance point. If it breaks that point, the next big resistance will be the all time high $1920.70! 
 
Gold loves uncertainty in the world. Everyone is of course talking about the Coronavirus. The New York Times is reporting 150 Million Chinese are under coronavirus lockdown. The [CNBC live blog] states total confirmed cases at 73,400 and total deaths at least 1,874. This is affecting some companies, including Apple, because they have manufacturing in China. Apple has stated that they do not expect to meet its quarterly revenue forecast.
 
Another major event this year is the U.S. Federal election. Will the Democrats choose a candidate that can beat Trump? So far the top two are Bernie Sanders with 21 Delegates and Pete Buttigieg with 22 delegates. There is a long way to go though.
 
The Dow continues to roll. A new high of 29,568.57 was hit this month. Yesterday we closed at 29,232.19 down 165.89. It is hard to determine how wide spread the affect of Coronavirus will have on companies depending on Chinese goods and manufacturing.  Interactive chart of the DJ Industrial [ here ].
 
Our featured [infographic] is the periodic table of commodity returns. Where does gold stack up against oil and others? Have a look at the last ten years.
 
The $50US/barrel Oil  level seems to be holding for now.If it breaks we may see $43 again. 
 
My speculative stock watch list opinions are near the bottom. I would love to hear what your favorite speculative stock pick is for 2020. Reply to the newsletter and let us know!
 
Upgrade your subscription to MTN Platinum ---> [ Here ]
Our new featured company is another junior mining explorer focused on exploration in Nevada!
 
Bravada Gold Corporation
(BVA: TSX Venture) has 10 Exploration and Development Properties in Nevada.
 
Their flagship property highlights:
 
• Formerly operating open-pit/heap-leach mine that produced 299,259oz Au & 1.8MMoz Ag by Amax Gold (closed 1997), now 100% owned by the company
 
• NI 43-101 resource estimate & positive PEA in 2012

• Exploring for a high-grade, potentially multi-million ounce “Feeder Zone” responsible for the mineralization previously mined and remaining as resource

• Feeder target refined in 2018 by two deep “proof-of-concept” holes, new mapping & sampling, and 3D evaluation of detailed geophysics
 
Click below to get the NI 43-101 resource estimate numbers stated in their Corporate Presentation PDF.
 
Exchange: TSX Venture
Shares Outstanding: 68.5M
52 Week High: .20
52 Week Low: .055
Currently: .095
 
The company's stock hit .14 in early January. Bravada raised $900,000 in 2019 at 7 cents with a warrant at 12 cents.  
 
Press the Orange Bar Below for more information.
 
Current Resource Estimate
(oxide at 0.005opt Au cut off):
 
• Indicated = 570,500oz Au
with 14,700,000oz Ag
• Inferred = 354,300oz Au
with 10,100,000oz Ag
 
Positive PEA - @$1,300/oz Au & $24.42/oz Ag:
• IRR = 29% Pre-tax & 21% After-tax
• NPV@5% = $42.9 M Pre-tax &
$26.5 M After-tax 

 

Respond for the Company's Name, Symbol, Web Site, Fact Sheet, and access to the 20 Page Corporate Presentation. [Click for Access]
Nevada Sunrise Gold Corporation
(NEV: TSX Venture) is a junior exploration company focused on properties in Nevada, USA, one of the most mineral-rich mining regions in the world.
 
The company has one gold exploration property, a Cobalt Mine Property, a Copper Property, and a VMS Property. They also have five lithium properties in Nevada.
 
The company's last news release was to announce the commencement of their drill program on their Nevada gold project. The company has a 20.9% interest in the project.
 
The project is a former producer from open pits in the 1990s. Deeper mineralization was discovered in 2013.
 
"The 2019 drilling program is planned to consist of approximately 1,600 metres (5,250 feet) of reverse circulation drilling in five to six holes. Drill holes will target the eastward extension of the ..... high-grade sulphide resource that includes 284K Indicated ounces at an average grade of 6.04 grams/tonne gold (see gold resource estimate described below). "
 
Read the full news at their web site.
Exchange: TSX Venture
Shares Outstanding: 53.4M
52 Week High: .095
52 Week Low: .035
Currently: .045
10 year high: $2.75
5 Year High: .475
3 Year High: .36
 
The company's focus is Nevada and not just for gold, multiple metals. (Gold, Copper, Lithium, Cobalt).

All of their projects have good access and infrastructure thanks to more that a century of exploration activity.
 
Get more information before the current drilling program is completed and the drill results start to come out!
 
The corporate presentation outlines the current resource estimate for the project.
 
Press the Blue Bar below the chart to get more information.

 

Respond for the company's Name, Symbol, Web Site and access to the 28 Page Corporate Presentation. [ Click for Access ]
Editorial Comments:
 
Auryn Resources ( AUG TSX-Venture ) [ Auryn Web Site ]
[ I own some of it, I do not work for them. ]
 
Current Price: $1.86CA up .16 from our last newsletter.
 
You must think I'm sounding like a broken record. Auryn, Auryn, Auryn..... Well when you are a speculator, you lose on a few, you break even on a couple and there is always one or two home runs (if you are a good speculator). Auryn Resources has the management team and projects to be that one. 
 
Auryn is trending higher and since we last wrote they have had a couple announcements.
 
February 6th: Auryn Resources closes a $10.1M private placement. 
February 10th: Auryn Secures DIA for Initial Drill Program at Sombrero Copper-Gold Project in Southern Peru. From the news:
"A Message from Ivan Bebek, Executive Chairman & Director:

"We are very pleased to have received our DIA less than seven months from the start of our application. I would like to thank our permitting team and the various Peruvian agencies involved for their contributions.

"We view the Sombrero district as a tier-1 exploration opportunity due to its size, the strength of mineralization on surface and the positive historical drilling results at the Fierrazo target. We have demonstrated that Sombrero is the western extension of the Andahuaylas-Yauri belt, and we believe that we may discover multiple world-class deposits within our land package. This initial program will test the first of four significant mineralized intrusive centers identified by our technical team to-date, as we continue exploring the additional intrusive centers in the coming months."
[ View the map of the 2020 drill plan ] 

 
 
 
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