Category Archives: Exclusive Interviews

(VIDEO) RIVERSIDE RESOURCES Prospect Generator Plans to Expand Jurisdictions

Dr. John-Mark Staude of President and CEO of Riverside Resources (TSX: RRI | OTC: RVSDF) sits down with Maurice Jackson of Proven and Probable to discuss the company’s successes in 2018 and the projected catalyst’s for 2019. Dr. Staude will provide updates on a number of fronts, new exiting opportunities that look into significantly increase shareholder value.

VIDEO

AUDIO

TRANSCRIPT

Original Source: https://www.streetwisereports.com/article/2019/02/19/prospect-generator-plans-to-expand-jurisdictions.html

Source: Maurice Jackson for Streetwise Reports  (2/19/19)

Maurice JacksonJohn-Mark Staude, president and CEO of Riverside Resources, talks with Maurice Jackson of Proven and Probable about successes in 2018 and the outlook for 2019.

Riverside Resources

Maurice Jackson: Joining us for a conversation is Dr. John-Mark Staude, the president and CEO of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), where knowledge is golden. Dr. Staude, welcome to the show, sir.

John-Mark Staude: Thank you, Maurice.

Maurice Jackson: We brought you on today to highlight some of Riverside Resources successes of last year and the company’s outlook for 2019. But before we begin, for first time listeners who is Riverside Resources?

John-Mark Staude: Riverside is a prospect generator. We’ve been working for 12 years, finding projects and finding partners through the prospect generator business. We’ve been able to expose ourselves to great upside while limiting the downside risk.

Maurice Jackson: You referenced that you are a prospect generator. There’s a lot of ambiguity regarding prospect/project generators, therefore speculators often overlook them in their portfolio. What type of competitive advantages does a shareholder have with a project generator over traditional exploration companies?

John-Mark Staude: I think the first thing is you’ve got a tight share structure, key that other people are spending the money. The second is you get a lot of shots, multiple different projects going simultaneously. Third is you don’t have the management teams that have to continually go back and refinance, so they can be focused on discovery for the shareholders. Those three things make prospect generators one of the better ways to invest in mineral exploration.

Maurice Jackson: Let’s revisit 2018 and share some of the successes of Riverside Resources that will serve as catalysts for 2019.

John-Mark Staude: I think the first thing was that we were able to leverage off of our previous work on copper, so that in 2019 we’ll be able to generate new big strategic alliances. I think the second thing was we signed a letter of intent with Sinaloa Resources, and now in 2019 we’ll have the definitive agreement and the go forward drill program. I think a third thing was the work that we did on Cecilia. High-grade gold mineralization, very good geology. Now in 2019 we can see drilling. So we have lots of catalysts in 2019. We’re really excited about this coming year.

Map

Maurice Jackson: Speaking of 2019, let’s discuss the outlook for this year. What is new and what does Riverside Resources have planned this year?

John-Mark Staude: I believe one of the key things is a new strategic alliance. Getting a strategic partner will be awesome, and I think we have that in our sights. I think the second thing will be drilling. We have now got a definitive agreement progressing with Sinaloa Resources, and we’ll have additional new assets added into the portfolio. We’ll also diversify beyond Mexico. We’ve done well in Mexico, but we’ve also been successful previously in porphyry coppers in Canada and large gold systems in Arizona, and I think in 2019 we’ll again see us diversify beyond Mexico to capture great new opportunities.

Maurice Jackson: I want to expand further on the value preposition of Riverside Resources here. Germane to this discussion are the prices of gold, silver and copper. Twofold question. What are some of the catalysts you see that will change these prices, and what type of impact can we expect that this will have on Riverside Resources?

John-Mark Staude: One of the catalysts we see now is some of the uncertainty around trade and some of the uncertainty particularly in the gold price and with this gold price we actually see that has been rising up; that for us is excellent. We have gold assets in the ground, and gold potential to grow. So I think the gold will be a really key way to do this.

Maurice Jackson: Let’s be a little bit more specific for current and prospective shareholders. What type of competitive advantages does Riverside Resources have in the natural resource space included in this discussion with the prices moving?

John-Mark Staude: One of the competitive advantages we have is knowledge. We have knowledge, we have been able to find gold. We’ve been able to find copper. We’ve been successful. We’ve worked in this region and made discoveries that have then been built into mines. That’s a competitive advantage. The second is we’re all running. We’re in the position, we didn’t have to stop during the downturn times. We’ve been able to continually keep the same strong technical people. I know, Maurice, you’ve actually been out to site, other people come out to site. We can really demonstrate out on site the great development and ease to do the work. I think our turnkey ability has been shown by strategic alliances we’ve done in the past, and many projects we’ve been able to turn over. So in 2019, that creates great chance for catalyst rising gold prices, with potentially rising copper prices, with copper demand from electric cars, other copper usage. Riverside’s in an awesomely great position.

Maurice Jackson: Speaking of site visits, yes, I was there in April 2018 at the Cecilia, and I noticed there a lot of the intangibles that don’t show up on the balance sheet. Could you share some of those with us?

John-Mark Staude: I think one of the ones is relationships. When you come out to the site you can see how well we get along with the local people. I think the second is ease of access, you can see that we have the gate keys, we have the ease to get to the projects, paved roads into the area’s infrastructure. It’s so easy to look at a map, but in reality when you go out and see that you can drive on paved roads, when you have power lines, when you have water, when you have all of that stuff. I think the other intangible is our team. When you can see that we have the people in the back of our company that do the work for many other supporting groups, can really do a good work. Riverside has a sought-after team. I think those are in some of the intangibles that really make Riverside unique.

Maurice Jackson: Speaking of your team, a lot of them are seasoned in their tenure. Talk to us about how many years they’ve been with Riverside.

John-Mark Staude: Riverside’s been going 12 years and some of them been going with us ever since the beginning. Many of them have worked with me before Riverside. I used to work at Teck Resources, prior to that at BHP, and even prior to that back in the 1990s at Magma Copper, and some of these individuals that work with me today worked with me back then. We’ve been friends up to 30 years, and we’ve been able to be involved and we therefore we know we have trust, we know what we can count on, and we know we have the skills that deliver excellent projects, and the excellence to trust in what we’re doing.

Maurice Jackson: Speaking of Mexico, there’s a new president. What type of impact do you foresee the new administration having on Riverside Resources?

John-Mark Staude: It’s interesting, we were a bit concerned initially, back when the elections happened, hearing about socialist different movements and things, but really interesting, since December 1st when he’s been elected, it’s actually been pro capitalism, pro-development. There continue to be noises going back and forth about different issues, and they’ll have to get settled out. But we’re actually quite positive about the new president AMLO, and we’re also quite president about his words and efforts that he says towards helping develop favorability towards investments. So, we actually see that this new administration will be able to be a good push for the mining industry. We’re pretty pleased with what’s happening now.

Maurice Jackson: Switching gears slightly, to make the Riverside Resources project portfolio come to fruition, joint venture partners have to be willing to commit to projects. What is their current level of commitment that Riverside Resources is seeing right now?

John-Mark Staude: Right now, the first thing is the really big strategic alliance we have coming. Second is a drill program and funding with Sinaloa Resources. We’ll come up with the news release coming out quickly here as we finalize the definitive agreement, which we’ve not yet finalized, but we’ll get that done, and that’ll actually be a major program. We’ll also find that we have work on the copper, gold and silver assets, and we’re working on spinning out our transaction for one of our other properties. So, we actually see quite a few number of flows of capital coming in, and quite a few catalysts in 2019 due to the partner spending.

Maurice Jackson: You touched on it briefly, how does amalgamation fit into this narrative, and how realistic is the proposition of amalgamation?

John-Mark Staude: So at this point what we’re talking about is actually taking one of our assets into another company. We’ve been working on it now. Two aspects, one is the capital and the other is the other party, the ability and interest to be able to carry it forward. We’re working on that now, and I think it’s fairly realistic to do. It’s not something that we’ve put all of our eggs into, but it would be a great step for Riverside to give our shareholders another set of shares, another strategic way of increasing shareholder value. I think we have the right team on the other side. This will be a really exciting transaction going forward.

Maurice Jackson: John-Mark, what do you see as the biggest challenge for Riverside Resources, and how would you mitigate that situation?

John-Mark Staude: One of the big challenges is getting more partners in Mexico, and the way we’re mitigating it is by doing work again outside of Mexico, and by doing that we have our skills and we have Freeman Smith, our Vice President, Exploration, lives in Vancouver, knows the Canadian portfolios and Canadian assets, and we live in Vancouver, Canada, so it really fits for us to be able to diversify. That diversification really helps our shareholders as well. It helps us being in Mexico, and leveraging off of our knowledge in other places as well, using our skills. We’re in a great position for 2019.

Maurice Jackson: Let’s touch on the capital structure here briefly. John-Mark, Riverside has a proven record of being a good steward of capital. Remind us how many shares outstanding there are, enterprise value, and where does the company stand financially?

John-Mark Staude: Riverside has almost 45 million shares out, after going for 12 years. That’s remarkable. Financially, we have $1.5 million cash, and the market is actually very low right now. So myself, I’m buying more shares. We’re at a low in the market conditions right now, and I think there’s great upside right now. Our enterprise value is only $5 million. Our market cap is $7 million. We’re in a good situation to have a good leverage to the upside now.

Maurice Jackson: Last question. What did I forget to ask?

John-Mark Staude: Well, you always ask great questions. I think one of the other things is what do we actually see in the next news release? I think the next news release for us will be the signing of a deal. Signing of deals is great. Those are the momentum steps that we like. Also, the addition of a new asset. We’re excited by that. So I think we have two new things coming on, short term, that will really make a difference for Riverside.

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

John-Mark Staude: We’re at www.rivres.com, or give us a call at (778) 327-6671.

Maurice Jackson: As a reminder, Riverside Resources trades on the TSX, symbol RRI, and on the OTCQB, symbol RVSDF. As reminder, 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. And last but not least, please visit our website, provenandprobable.com, where we deliver mining insights and bullion sales. You may reach us at contact@provenandprobable.com.

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.

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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. 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 is a sponsor of Proven and Probable. Proven and Probable disclosures are listed below.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click herefor 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) 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 one week after the publication of the interview or article. 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, a company mentioned in this article.

Proven and Probable LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Proven and Probable website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Proven and Probable to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Monthly sponsorship fees range from $1,000 to $4,000 per month. Proven and Probable LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734.

The Information presented in Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investments, trading or otherwise, based on any of the information presented on this forum without undertaking independent due diligence and consultation with a professional broker or competent financial advisor. You understand that you are using any and all Information available on or through this forum at your own risk.

JAYANT BHANDARI A Rational Speculator’s Portfolio

Renaissance Gold (REN)

Last month I gave a speech at the Vancouver Resource Investment Conference, in which I talked about why most of the questions asked and discussed at mining conferences are erroneous and have nothing to do with making money from investing in mining.

My interest is not in speculating in commodities or to look for leverage, both of which are utterly disastrous to my capital, but to invest in mining for the upside that I see in terms of the value in the ground that has escaped the attention of the market. Also, I want to ensure that I provide downside support to my portfolio. When one focuses on protecting one’s capital, the upside takes care of itself:

The companies I mentioned in the speech are also linked here.

On investments…

Renaissance Gold (REN; C$0.175) is a company I have written about in the past. Last month, REN entered into an agreement with OceanaGold, and another with Hochschild. In my view, just these two agreements more than justify the enterprise value of REN. REN has option agreements on ten other projects with companies like Kinross, Anglo Gold, Ramelius, Coeur, etc. Moreover, REN is well cashed up.

Finally, if you have not already registered, tickets for the next Capitalism & Morality are going away fast. Of course, this is a philosophy seminar, but in my view, philosophy underpins everything in life.

Warm regards,

Jayant Bhandari

Associate: Rajni Bala

Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. The sole purpose of these musings is to show my thinking process when analyzing a stock, not to provide any recommendation. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.

Is Montana Home to a Platreef-Style Deposit?

Michael Rowley of President and CEO of Group Ten Metals (TSX: PGE) sits down with Maurice Jackson of Proven and Probable to discuss the company’s latest press release regarding the High-Grade Palladium, Platinum, and Gold results from the Wild West and Boulder Target Areas, which are the beginning 2 out of 14 Target Area results. Shareholders will be extremely impressed with the company’s findings.

VIDEO

AUDIO

https://soundcloud.com/proven-and-probable/is-montana-home-to-a-platreef-style-deposit

TRANSCRIPT

Source: Maurice Jackson for Streetwise Reports  (2/7/19)

Maurice Jackson

Michael Rowley, president and CEO of Group Ten Metals, sits down with Maurice Jackson of Proven and Probable to discuss his company’s recent drill results at its Montana PGE project that is also showing significant gold mineralization.

Group Ten Stillwater West

Maurice Jackson: Joining Proven and Probable today is Michael Rowley, president and CEO of Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTC), which is known for platinum, palladium, nickel, copper and cobalt in the prolific Stillwater district of Montana. Mr. Rowley, welcome to the show.

Michael Rowley: Thank you, Maurice, glad to be back.

Maurice Jackson: Glad to have you back, sir. In 2018, Group Ten Metals began its first season on the ground and identified 14 target areas on its flagship project, Stillwater West. Today, we have the results from 2 of the 14 target areas, which are quite impressive. But before we begin, for someone new to the story, who is Group Ten Metals and what is the thesis you are attempting to prove?

Michael Rowley: At the very highest level, we are applying geologic models that were developed at the world’s biggest and most economic platinum, nickel and copper mines. These are the mines of the Northern Bushveld or Platreef District in South Africa. We’re applying those models to the Stillwater Complex in Montana, and this has not been done systematically before. The Bushveld and Stillwater Complexes are both large Igneous Complexes, they’re both magmatic systems, and there are many known parallels between the two. Despite those parallels, we are the first to bring together a large land position with a truly fantastic database and then bring in this Platreef expertise to enable a systematic exploration for these massive deposit types at Stillwater. In discussing that expertise, it’s worth noting that Ivanhoe’s Dr. David Broughton, who is one of the co-discoverers of its Platreef mine, which is now in development, joined our team late last year, which is a pretty good validation that we’re on the right track here in Stillwater.

Maurice Jackson: In our last interview, you shared the next unanswered question for Group Ten Metals would be assay results. On the 25th of January, Group Ten Metals issued a press release entitled “Group Ten reports high-grade palladium, platinum, and gold from the Wild West in Boulder target areas at the Stillwater West project, Montana.” Take us to the Wild West target area and provide us with some in-depth analysis on Group Ten Metals’ results there.

Michael Rowley: To begin, the press release issued on January 25, 2019, will be the first in a planned series and shareholders will see that the road map in the upper left corner of the image above. We’ve divided this 25-km-wide property into a series of target areas, and we’ll basically be releasing results west to east in the areas that you see. It’s the Chrome Mountain and Iron Mountain area that have the most drill results historically, that will be the subject of subsequent news releases here. In terms of the current news, it focused on the Boulder and Wild West, which are highlighted above, and the Wild West target area has the Platreef potential that we see property-wide is well-documented there historically. It also has the reef type, high-grade targets as shown in the red ellipses at the top of the claim block, and then it also has this high-grade gold occurrence, which is the Pine Shear zone, and that may be unexpected for some people, given that Stillwater camp is more generally known for palladium and platinum and nickel and copper, chrome. This is actually a significant area of gold mineralization and it’s got some spectacular hits.

In terms of the Platreef target, this conductive high that’s shown contains some very high level conductance in the rocks as evidenced by the purples and pinks. Historical drilling has shown that it does indeed contain copper and nickel, and that’s an excellent indication of a potential for this Platreef style mineralization. We also have some spectacular palladium hits, such as 10 gram per tonne palladium, very high grade, also with significant platinum that shows not only the level of mineralization in the system but also the potential for these high-grade reef-type deposits that, of course, the area is more known for. It’s worth noting that sitting just above the claim there is the 80 million ounce JM-Reef deposit, which averages a staggering 16 grams per tonne of palladium and platinum, so you know there’s a lot of metal in the system and this lower zone that we’re in continues that trend.

In addition to the high-grade samples summarized in this table, bottom left, we see some very good hits of palladium, platinum, and also some good indications of base metal mineralization, which again ties into that Platreef bulk mineable scenario. These are priorities for follow up in 2019 and we look forward to discussing that in further news releases.

The Pine Shear, which is noted above, has shown to contain gold. These 2004 hits were actually drilled by our current qualified person; they’re not considered historical, and confirm the presence of significant copper and nickel in that system although the conductive highs have not been tested and that’s one of our key items for follow up. These PC series of holes from 1983 show the potential of this Pine Shear zone, which is a later geologic event within the Stillwater layered system. Something has introduced a lot of gold to the system as shown by these fantastic lengths and mineralization, gold mineralization. We see, for example, 11 meters at 12 grams per tonne gold, which is a very high-grade hit and good length within that 8 meters at 16 grams per tonne, and then the hole PC5, 3 meters at a staggering 23 grams per tonne, that’s 2/3 of an ounce, so it’s very high-grade and nice lengths of it. That’s definitely something for follow up in 2019.

In addition, we’ve got grab samples in that area, rock chip samples, and we see not only high-grade gold mineralization as shown in this first sample here, 22 grams per tonne gold, but in addition, we see some high-grade palladium, 10 grams per tonne gold and almost 4 platinum as well. So you’re seeing mineralization throughout this area. Not only the PGE-nickel-copper that you might expect from the district, but also high-grade gold, and that’s very compelling for follow-up in 2019.

Maurice Jackson: Michael, these numbers are quite impressive. But let me ask you this, you’re in the most prolific area with the highest grades, concentration grades of platinum and palladium. You strategically have your assets positioned there, so were you really surprised?

Michael Rowley: No, and we, of course, had seen this data as we got into the project in the early days, it’s nice to prove it up in the compellation effort and make it more formal and we can then discuss it publicly, but the Stillwater district is very well mineralized and you’re right, that is very well known. What’s pleasing now is to be able to reveal the results of the compellation effort and plan our programs for 2019 so we begin to reveal what we think we’ve got.

Maurice Jackson: Well, the results are remarkable. We discussed the Wild West. Let’s move to the Boulder target area. What has Group Ten Metals excited here?

Michael Rowley: The Boulder area has less data than Wild West and then less data still than the Chrome Mountain and Iron Mountain target areas, however, it does have that lovely conductive high as shown in Figure 1. And, once again, the conductive highs have not been systematically tested. We do have the data from a historical drill hole, that’s BR2, shown more or less the middle of the Boulder target area. And that shows nice intercepts of copper-nickel mineralization. We have no PGE data on that, and that’s something that we’d like to remedy. In addition, we’ve got a very nice base metal hit up here including a very nice cobalt of 0.117, which speaks to the technology and battery metal potential of the system. The Bushveld is less known for cobalt, but we’re seeing very nice levels of cobalt here in the Stillwater Complex, which adds a nice co-product to a new potential operation here.

So in terms of 2019, Boulder won’t be a focus as we’ll discuss later, we’re going to have to focus on the more advanced target areas, however, we definitely will go back there and we’ll continue to move it along in our 2019 Program.

Maurice Jackson: Switching gears, we introduced the value proposition of Group Ten Metals on the 2nd of November. Since then, the company has successfully conducted a financing and the share price is up 29%. Please provide us with the company’s current capital structure.

Michael Rowley: We have 59 million shares outstanding at present and a market cap of about $12 million and that follows a raise of $1.2 million back in November, which we did at 15 cents in rather challenging market conditions, which speaks to the strength of this project in particular to attract investments, even in a rather challenging market.

Maurice Jackson: Sir, what is the next unanswered question for Group Ten Metals, when should we expect results and what determines success?

Michael Rowley: Well, I guess the unanswered question is, how is this possible, is there actually Stillwater in Montana? These districts have a lot of parallels and Stillwater is well known for these three very high-grade palladium-platinum mines. We’re looking forward to revealing why we think it’s there and how it’s been overlooked historically. This district has not been systematically explored for these target types and we’re the first to bring together the land position with the data with a team to do just that, and we’ll be launching a series of news releases to reveal what the past year of compellation work has shown us and what we, including David Boughton, see in the project and the potential.

Again, we’ll move from west to east across the project and the next news releases will detail the Chrome Mountain and Iron Mountain target areas, which include the most of the historical data including the 200 drill holes, and, of course, we have almost 12,000 meters of that core in our possession and have re-logged it now, so there’s some very exciting revelations to be revealed in the coming news releases.

Maurice Jackson: Mr. Rowley, what do you see as the biggest challenge for Group Ten Metals and how do you plan to mitigate that situation?

Michael Rowley: The biggest challenge facing us may just be the size of the project. It’s fantastic in the scale as you’ve seen from our figures, we may have as many as eight Platreef deposits across that, based on the coincidence geophysical anomalies, soil anomalies, and then just the geology and historical drill results. Thankfully, and the way to address that, is the quantity of data, the compilation effort that we’ve done, helps us focus our exploration efforts so prioritizing targets is very much the plan, we’ve done that and we look forward to revealing our 2019 plans. We’re going to focus basically on the Chrome Mountain and Iron Mountain areas where we have the greatest density of historical drilling and go out from there. And I think it will be a very exciting year for us as we reveal what we have and build it out with a 2019 exploration program. We had a terrific reception at the Core Shack at Roundup, we definitely attracted the attention of majors, and that’s the way forward that we see, if we do a couple of rounds here ourselves, and prove up what we think we have, and then look to engage bigger partners down the road as that becomes appropriate.

Maurice Jackson: Sir, we’ve covered the good. What keeps you up at night that we don’t know about?

Michael Rowley: The last time we talked, it was the share price and that has gotten a lot better as you mentioned, thanks to our campaign of news releases and I think also the Core Shack at Roundup did a lot for us. The good news in terms of share prices that we’ve only just begun to reveal what we have on the project, and we have a series of planned news releases and a major promotional push beginning here which will carry us right up through PDAC in March. We’ve had a number of very excellent meetings as well recently, and we’re excited to begin to reveal what we think we’re onto and what 2019 will hold for the company. I think it’ll be a pivotal year.

Maurice Jackson: Michael, today we’ve covered the value proposition of Group Ten Metals but Group Ten Metals is actually one of three companies comprising the Metallic Group of Companies. Please introduce them to us and share their value propositions with us.

Michael Rowley: The Metallic Group is a collaboration of three independent public exploration companies, growth-stage companies. We’ve essentially launched one company each year, Metallic Minerals in 2016, Group Ten in 2017, and then most recently Granite Creek Copper just a few weeks ago. Each one has been put together with the same method that you see at Group Ten, which is to acquire high-quality brownfields assets in a known mining district beside an existing mine, and then make that acquisition strategically in a depressed market at a price that would not otherwise be possible in a more normal market. And then add a substantial database to that and a world-class technical team, a world-class corporate team as well, and bring in geologic models from outside that district. Shareholders have seen us do that at Group Ten, we’re applying this Platreef thinking for the Bushveld, South Africa, to the Stillwater District.

Metallic Minerals, ticker is MMG, is applying geologic models from the multi-billion ounce Coeur d’Alene silver district in Idaho to the Yukon’s Keno High-Grade Silver district. And the parallels are there, there are very good indications of success in that one.

And then similarly at Granite Creek Copper, GCX is the ticker. We’re applying geologic models that are new in the district, this is a billion pound copper district in the Yukon. Models that were developed in the neighboring Minto mine, we’re applying to the Stu high-grade copper project, and that one is shaping up very nicely as well. It’s only been trading for about 10 days at this point and there’s a lot to be released on that one in the coming months.

In all three cases, we expect to add value by de-risking the projects and fast-tracking them to resource to delineation stage.

Maurice Jackson: Michael, for someone listening that wants to get more information on Group Ten Metals, please share the website address with us.

Michael Rowley: The website is http://www.grouptenmetals.com.

Maurice Jackson: And as a reminder, Group Ten Metals trades on the TXS.V:PGE, and on the OTCQB:PGEZF; for direct inquiries please contact Chris Ackerman at 604-357-4790 extension 1, or email info@grouptenmetals.com, as reminder Group Ten Metals is a sponsor of Proven and Probable, and we are proud shareholders for the virtues conveyed into today’s interview.

Last but not least, please visit our website www.provenandprobable.com where we interview the most respected names in the natural resource space. You may reach us at contact@provenandprobable.com.

Michael Rowley of Group Ten Metals, 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.

Want to read more about GoldBase MetalsPGM – Platinum Group Metals and Silver? Sign up to receive the FREE Streetwise Reports’ newsletter.
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Disclosure: 
1) Maurice Jackson: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Group Ten Metals and Metallic Minerals. 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: Group Ten Metals and Metallic Minerals are sponsors of Proven and Probable. Proven and Probable disclosures are listed below.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click herefor 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) 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.

Proven and Probable LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Proven and Probable website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Proven and Probable to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Monthly sponsorship fees range from $1,000 to $4,000 per month. Proven and Probable LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734.

The Information presented in Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investments, trading or otherwise, based on any of the information presented on this forum without undertaking independent due diligence and consultation with a professional broker or competent financial advisor. You understand that you are using any and all Information available on or through this forum at your own risk.

Images provided by the author.

KEVIN VECMANIS What Happens When Central Banks Unwind Balance Sheets

Kevin Vecmains the founder of VanAurum Financial Technologies sits down with Maurice Jackson of Proven and Probable to discuss: What Happens When Central Banks Unwind Balance Sheets.

VIDEO

AUDIO

TRANSCRIPTS

Contributed Opinion

Source: Maurice Jackson for Streetwise Reports  (1/30/19)

Maurice JacksonKevin Vecmanis, founder of VanAurum Financial Technologies, sits down with Maurice Jackson of Proven and Probable to discuss what the unwinding of central bank balance sheets may mean for investors.

Dollar

Maurice J.: Joining us for a conversation is Kevin Vecmanis, the founder of VanAurum Financial Technologies. Mr. Vecmanis, welcome to the show, sir.

Kevin V.: Hello, Maurice. It’s great to be here. Thanks a lot.

Maurice J.: Glad to have you back on the program. In our last interview, we addressed the value proposition for the next capital vortex. Today, we will address central banks unwinding their balance sheets, and the duplicitous effects that may occur. And what actions you, the investor, may take to prepare yourself.

But before we begin, Kevin, your company uses a unique skill set that I find intriguing, which is artificial intelligence for investing. For our first time listeners, please introduce us to VanAurum Financial Technologies.

Kevin V.: VanAurum is an intelligent lead generator for trading opportunities. That’s probably the best way to summarize it. We use machine learning techniques to detect anomalies, and unusual market behavior and then we report on it to members on a daily basis.

Our platform attracts a global cross-section of sectors, ratios and economic data points. And then when something occurs that has some kind of historical precedent for being either positive or negative for forward returns, VanAurum will report on it to members.

We believe that by having an intelligent filter that’s hand-picking market events to look at, it frees up our members’ time to focus their efforts on more productive means, such as, constructing trading strategies and or analysis on their own. So if someone uses a charting service, or trades on technical analysis, VanAurum’s definitely worthy of membership consideration.

Maurice J.: Kevin, your research has noted a mega trend occurring that is related to central banks unwinding their balance sheets. Beginning at the 10,000-foot level, can you share with us why central banks are unwinding their balance sheets, and what this means for investors?

Kevin V.: Stepping back for a moment, in 2009, the Federal Reserve came up with an explicit program called Quantitative Easing, to buy mortgage-backed securities and other debt-related securities from the balance sheets of different institutions, and most central banks globally eventually caught on to this well, to bail out financial institutions in the sector that were carrying this “toxic debt” on their balance sheets.

The Fed conversely grew its balance sheet from about $800 billion to almost $4.5 trillion. And it was maintaining it at that level for a while. When the Fed is maintaining the size of its balance sheet with these debt-related securities what its intentions are as follows: as the securities mature on its balance sheet, it is actively seeking out other similar securities to buy to replace them, so that the Fed can keep the size of its balance sheet at a constant level.

So, the process of expanding the balance sheet, as well as maintaining it at a certain level, there was an implicit assumption in the market that the central bank was going to be there, and be a significant source of debt demand for a lot of these securities, which would be the primary driver behind interest rates ultimately hitting rock-bottom yields. The Fed was such a heavy influence on interest rates that, in January of 2018, the yield on the S&P 500 was about 1.73%. And the yield on the three-month Treasuries, which is considered to be the United States’ riskless asset, was higher than that.

The end result is that the S&P equity yields, which are considered to be risky assets on somebody’s balance sheet, or within their portfolio, these yields are essentially risk-free. Which is a really amazing thing if you think about it. A situation that is really unsustainable.

Going forward, the Fed has now communicated that it is going to shrink the size of its balance sheet. So in effect what that’s actually doing is removing a major source of demand out the market, for not only U.S. Treasuries, but other mortgage-backed securities as well. This is a simple supply and demand factor. The likelihood of supply and demand to equalize will not be accomplished until rates are much higher.

Maurice J.: I always find it disingenuous that the U.S. Treasury references the nominal rate of return and omits the real rate of return on Treasuries.

Twofold question here for you. How will this impact currencies and capital markets?

Kevin V.: We have witnessed the Fed go through hiking cycles in the past, typically any kind of economic turmoil that led to a flight to safe haven assets increased the demand for Treasuries and the U.S. dollar.

I am of the opinion that the Federal Reserve is in a bit of a tricky situation right now. And over time, more and more investors are going to actually start picking up on this. In a historical context, the level to which they’ve actually raised interest rates is not really that high. What is unprecedented is the extended period of time that the Fed has pinned along interest rates to zero. The Fed recognizes that it needs to raise rates because it has artificially suppressed interest rates, which were driving the yields on the S&P and of bonds respectively to disproportionate levels.

Should the market witness again that the Federal Reserve is willing to reverse course, by printing currency (inflation) to buy up a lot of assets and thus further expand its balance sheet again, I believe the market will react violently to the Fed’s attempts. I think this time around, the impact could actually be very negative on the U.S. dollar and Western currencies as investors will begin to realize maybe how unsustainable some of the debt trajectories actually are.

Maurice J.: If currencies and equities will be negatively impacted, what is the prudent investment decision that one should make now?

Kevin V.: In this situation, I like to look at what were the major beneficiaries within the broad markets when the Federal Reserve decided to embark down this path of explicit balance sheet expansion. And I guess the answer to that is bonds, equities, and to a large extent, real estate within major urban centers. So we’ve seen significant inflation in a lot of these markets. They were the major beneficiaries of what I call the risk premium compression that resulted from the Fed artificially lowering interest rates.

After the crisis everybody thought that commodities and other markets like that were going to go hyperbolic. But we actually didn’t see that. And, in my opinion, a lot of the reason why we didn’t see that was because the market was front running all these explicit purchases from the central bank. Why wouldn’t you buy bonds if you knew that the Federal Reserve was going to be buying, $30, $40 billion of them a month, on an open-ended basis.

So I think that drew a lot of capital away from resource sector stocks, from commodities. Any commodity, really. And so I think this time around, when we see this whole process unwinding, to me it only seems logical that the markets that were previous beneficiaries might suffer. Conversely, the markets that didn’t benefit we will start to see a lot of those begin to mean revert. I foresee big potential in platinum, gold, resource sector stocks and energy stocks, which have been punished to a significant degree, especially within the explorers and the producers, which experienced some of the sharpest declines in record.

So, I think it all depends on how the market decides to react with the U.S. dollar. Whatever it is, we get the next major trajectory change from the Federal Reserve. But my inkling, my instincts right now, and all the data that I look at with VanAurum and our research, suggests that the U.S. dollar will probably be negatively impacted the next time around.

Maurice J.: So then the answer will be, if I’m correct here, would physical gold be the first prudent investment decision?

Kevin V.: Yes, definitely at this point. I always advocate having some allocation to gold in your portfolio, especially right now with the debt-based currencies in the West really starting to balloon out of control. But there’s lots of fear in the market right now. We’ve experienced a significant correction on the S&P 500 and the broad equities. A lot of the valuation extremes that we saw leading up to this point was causing everybody to warn of bubbles. We’ve actually seen a fair amount of that lead off. And it’s come back into nominal territories.

I sent a message out to my members earlier this week saying that at this juncture, if the correction in the S&P 500 extends into bear market territory, closer to it being down 20%, which at that point, going back to 1980 within our data that VanAurum analyzes, most of the precedence, if not all of them, are actually positive for one-year returns going forward once the market has experienced a selloff greater than 20%.

So there could be draw downs in the broad equity market from here. In September 2008, the market ultimately fell 40% before hitting its ultimate bottom. And then exactly one year later, from September 2008, the market was almost unchanged again. So, could the market accelerate to the downside again, and resume a bear market? It’s likely. But at this point, I think prudent investors will start trying to anticipate some type of accumulation program for broad equities.

I have my attention on what I would term as the kind of the forgotten markets right now, like gold, which is carving out a multi-year base; platinum, which has been absolutely crushed recently; and silver are going to do extremely well in the environment that we’re about to move into.

Maurice J.: Regarding physical precious metals, would precious metal equities be the right place to be as well, once someone has secured a position first in the physical metals?

Kevin V.: Yes, full disclosure, I have long positions in GDX and GDXJ. With VanAurum, and my research, I study sectors. There are lots of people who are really good at picking individual issues. But when we’re working with our machine learning system, for reasons that maybe are beyond the subject of this interview, we try to stick with a sector. So, I do have exposure to the gold mining equities, through GDX and GDXJ.

Depending on what the investors are looking for, royalty companies and the gold streaming companies really tend to do well during downside turmoil in gold and equity markets. We saw companies like Franco-Nevada, whose stock performed incredibly well during the gold bear market from 2011 to 2015. Where you really get your upside leverage, in the gold mining and the resource space, is when you’re dealing with an issuer whose cost of production is really close to the prevailing gold price.

What happens there is you get profit leverage. So, if you have a gold mining company that’s selling gold for $1,200 an ounce, and say its all-in cost to produce that ounce of gold are $1,199. So it’s making $1 of profit. If the price of gold increases by a dollar, then the earnings for that particular company increased by 100%. So you go from $1 to $2, you double your earnings. And so that’s what we mean by profit leverage.

You start to see a lot of the high-cost companies really start to accelerate when you see gold moving into a particularly strong bull market. I think what’s happening right now is you’re seeing a lot of the accumulation, and a lot of the higher quality issuers, and they’ve been doing well for quite some time.

But the sectors like GDX and GDXJ, I think have been languishing partly because they’re full of lots of producers that a lot of them haven’t been particularly well in this environment. But I think that will change if gold can stage a major breakout. I think you’ll see a bid under, pretty much any company that’s producing gold. And stage a breakout, and sustain it above $1,400 US.

Maurice J.: Switching gears, Mr. Vecmanis, what is the next unanswered question that VanAurum Technologies is researching? And when do you believe we will have an answer?

Kevin V.: Right now, to me the elephant in the room are interest rates, and how the market is fully going to react to the Federal Reserve removing itself as a major demand source in the debt markets. So, it seems to me like there’s a little bit of disbelief. You’re starting to see two-year Treasury yields, which is a fairly close proxy for interest rate hike expectations, you’ve seen a lot of those rates come down recently. Some of that might have been because the yields were overbought. And the bonds were due for a rally.

But to me that really is the biggest question, because the Federal Reserve was such a huge component of this equity rally that we had from 2009 until now. And I think whatever its action will be is going to be a major component of how the market plays out going forward. You can see the market starting to begin to call its bluff. But what I’m really interested in finding out is what the Federal Reserve actually intends to do. If the markets truly start to react violently to the rate hike cycle, it is going to end it? And is the Fed going to start to ease again, meaning increasing the size of its balance sheet. Or is it going to start cutting rates?

I think if the Fed starts cutting rates, having only reached the levels that they’re at, I think that’s going to be a really, really scary warning sign to market participants everywhere that the U.S. economy just can’t handle higher rates and has become almost addicted to Federal Reserve accommodation. And I think at that point, how the market reacts to that is going to be the primary determinant of which people are going to make a lot of money, and which people are going to lose a lot of money. And I think we’ll have the answer to that probably by the summertime.

Maurice J.: Truly interesting times, and unprecedented times. And I’m tickled to death to be here just to watch it all, and actually participate. Sir, last question. What did I forget to ask?

Kevin V.: I think we covered a lot, Maurice. But, I’d like to discuss a little bit about VanAurum’s AI curated newsletter that we put out daily. The core of our research service that we offer right now is our daily AI curated report, which is a combination of human and machine learning and behavior. So, I’m a big believer fundamentally in the convergence of machine learning-based systems and human-based systems. I believe the people and machines are really good at particular things. And what I try to do at VanAurum is to create workflows that combine the best of those worlds.

The AI curated report analyzes a global cross-section of assets, whether it’s Chinese stocks, Israeli stocks, resource sector stocks, yield curves and economic data points. And it figures out when something is behaving unusual in the market. It performs some hypothesis testing on it, to see if there’s any historical precedent for meaningful positive or negative returns. And then it presents that in a report to our members. And that’s kind of the launch point for the analysis that we do.

So, we’re getting this pipeline of trading and investment suggestions coming from VanAurum daily, which are really high quality. Our members love it. The feedback I get from the members is that it’s exposing them to things in markets that they wouldn’t have thought to look at before, which is really what it’s all about.

Maurice J.: For readers that want to get more information about VanAurum Financial Technologies report, please share the contact details with us.

Kevin V.: Sure. Readers and listeners can visit vanaurum.ai. And we have a public version of the report, which is delayed a certain number of days, to keep our best information fresh for our members. But if they’re interested in how that report works, there’s a link on our homepage to the public report. And they can also take a look at the other services that we offer as well.

Maurice J.: And we would like to take this opportunity to remind our listeners, if you’re interested in buying or selling physical precious metals, please call us at 855-505-1900. Or visit our website, provenandprobable.com, where we interview the most respected names in the natural resource space. You may reach us at contact@provenandprobable.com.

Kevin Vecmanis of VanAurum Financial Technologies, 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.

Disclosure: 

1) Maurice Jackson: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. 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: None. Proven and Probable disclosures are listed below.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click herefor 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) 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 Franco-Nevada, a company mentioned in this article.

Proven and Probable LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Proven and Probable website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Proven and Probable to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Monthly sponsorship fees range from $1,000 to $4,000 per month. Proven and Probable LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734.

The Information presented in Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investments, trading or otherwise, based on any of the information presented on this forum without undertaking independent due diligence and consultation with a professional broker or competent financial advisor. You understand that you are using any and all Information available on or through this forum at your own risk.

PETER BELL Silver Nickel Company: Blue ocean with patented claims in Arizona

Is there an untapped market opportunity around premium mineral exploration ground in the USA covered by patented claims? I understand the fact that good land can be staked or optioned for cheap, but I wonder if some premium land is worth the premium?

For example, Northern Vertex (TSXV:NEE) launched Phase 1 operations at the Moss Mine on a package of patented claims in Arizona approximately 100 hectares in size. They are planning to produce for approximately 5 years at approximately +35Koz Au per year on that ground, with an open pit and heap leach all fit snugly onto that 100 hectare footprint.

See my interview with Bill Martinich, Mine Manager, where we discuss all this looking at an aerial photo of the site. https://ceo.ca/@Newton/15-minutes-with-bill-martinich-mine-manager-nee-northern-vertex

What is that package of patented group where NEE launched Phase 1 worth?

I suggest that patented claims in mining-friendly states like Arizona are a particular class of mineral exploration assets that deserve a premium. The devil’s in the details for exploration properties, but the Silver Nickel Mining Company have assembled such a portfolio and it’s worth a close look.

The Silver Nickel Company is not a prospect generator for the Howe Street public markets, but they have assembled a portfolio of patented claims in Arizona, USA. This is a great place for mining, as with the example of the Moss Mine.

What’s more, Silver Nickel has some interesting ideas about acquiring land that could be resold residential development. That raises some questions about the ability to build a mine there in the future, but it’s an interesting idea that makes me think bold real estate investment companies could take an interest here. However, I am thinking primarily about people who understand and invest in mine exploration and development when I talk to the Silver Nickel guys, as in our interview here, https://ceo.ca/@newton/newtoninterviews-silver-nickel-co-patented-claim-holders-in-arizona

I’ve introduced Silver Nickel to several public companies and the answer is consistently the same: the claims are too small and expensive. I understand the person who said, “The million $ price tag for exploration ground is probably something we would not take on.” but I wonder why? Surely there’s exploration ground in Arizona that’s worth millions of dollars? Maybe people are scared off by the large amount of data-verification that would be required to get these projects ready for prime-time? Maybe I haven’t found the right buyer yet.

There must be investors out there who can imagine the potential of what Silver Nickel Company has and are willing to bring expertise necessary to determine if that potential is something worth exploring? It’s a long and winding road, but some people are keen to strike out on it.

If you dig even deeper into the Silver Nickel story, then you will find that they have developed a sleuthing process to pick good patented claims off the garbage pile. They know how to navigate tax offices and the foreclosure process in a way that takes years of time and effort, but allows them to secure ownership of things like the Moss Mine for very little cost. The intellectual property in that and their geological understanding of Arizona alone could be very valuable to the right group who seeks to understand and help the John Rothermel and Neal Hawkins.

Watch our interview above for more.

John and Neal said in the interview that they’ve run the Silver Nickel Company as if it was their own money, because it was. I think they’ve built something special here and see great potential to use what they’ve done to seed public companies with great exploration projects. Easier said than done!

Please contact me on CEO.CA if you would like to discuss all this further and watch for some field footage from an intrepid young geologist I met who may make the trek to run around a few of the prospects with John in Arizona this summer.

CALIBRE MINING Exploring for World-Class Gold, Silver and Copper Deposits in Nicaragua

Ryan King, Vice President Corporate Development of Calibre Mining sits down with Maurice Jackson of Proven and Probable to discuss the value proposition on their flagship Borosi Project covering over a massive land position of 800 square kilometers in Nicaragua.Today’s interview is the most comprehensive interview to date on Calibre Mining. The Borosi Project hosts the Eastern Borosi, Siuana, La Luz, and Primavera projects, which Mr. King will discuss in great detail, along with the relationship and contractual obligations of Calibre Mining’s Joint Venture partners (Centerra Gold, IAMGold, Rosita Mining)on these projects respectively. We discuss in detail each member of the Board of Directors, Management, and Technical team, which is comprised of a number of key members of the recent success of Newmarket Gold, which recently went from a $10 Million Market Cap to $1 Billion Market Cap and was sold to Kirkland Lake Gold . Finally, we will delve into the capital structure of Calibre Mining. Important to note, Calibre Mining has $0 Debt, and a Management and Board with proven success of optionality and arbitrage.

VIDEO

AUDIO

TRANSCRIPT

Original Source: https://www.streetwisereports.com/article/2019/01/16/exploring-for-world-class-gold-silver-and-copper-deposits-in-nicaragua.html

Exploring for World-Class Gold, Silver and Copper Deposits in Nicaragua 
Contributed Opinion

Source: Maurice Jackson for Streetwise Reports  (1/16/19)

Maurice JacksonRyan King, vice president of corporate development at Calibre Mining, sits down with Maurice Jackson of Proven and Probable to discuss his company’s joint ventures, exploration in Nicaragua and strategic plans.

Maurice Jackson: Joining us today is Ryan King. He is the vice president, corporate development, of Calibre Mining Corp. (CXB:TSX.V; CXBMD:OTC), which is exploring for world-class gold, silver and copper deposits in Nicaragua.

For someone new to the story, who is Calibre Mining and what is the thesis you’re attempting to prove?

Ryan King: Calibre Mining’s thesis is twofold. One, we’re exploring for world-class discoveries in Nicaragua. We just had over 8 million ounces of produced gold in this district that we’re exploring.

Second, we believe Nicaragua provides optionality right now for our shareholders. Our team has a proven track record of successfully acquiring, advancing, optimizing and selling projects. Recently, Calibre has gone through a restructuring. We’ve added some new people to our team. We are trying to duplicate what we’ve done in our last deal called New Market Gold. That is go out and buy advanced stage development or producing gold opportunities and optimize those operations, spend money on them, drill them, find more resources, and potentially we’d love to merge or sell the company after we’ve spent some time adding value to the company.

Maurice Jackson: You referenced Nicaragua. Provide us with some historical context on the region in which your project portfolio is located.

Ryan King: For those who don’t know, Nicaragua does have a bit of a checkered past. It’s gone through different political situations, it’s gone through different civil war during the 1950s and 1960s. There is a significant period of time where there was no mineral exploration. It was a country that was difficult to work in.

However, over the years, we’ve seen gold developers and gold producers go there, Falconbridge and others, and there’s been some great gold development. There’s been some great gold production. We have a couple projects around us, and actually within portfolio, that has produced multi-million ounces, produced copper. But it has been underexplored for a number of decades.

One of the virtues of Calibre Mining is that we are on the Ring of Fire, a well-known phrase that’s used within the geological and mining community known for hosting large copper-gold deposits.

Calibre was able to pick up this land package from Yamana in 2009, which had recently done some restructuring. I believe it had recently merged with a company back in 2007, 2008. After the merger Yamana was looking at doing different things. There was no production in the portfolio there in Nicaragua currently or was there any at the time that we had fired these. These are just exploration projects around and within concessions that has seen historical production.

Maurice Jackson: Calibre’s flagship Borosi project has district-scale discovery potential in Nicaragua. Where are your projects located and how much of the land position does Calibre have there?

Ryan King: The projects are located in northeast Nicaragua. We take a flight into Managua, which is the capital of Nicaragua. We then take a flight that is run daily from Managua up to either Rosita or to Bonanza. Borosi actually is originated from Bonanza-Rosita, and so three towns, the three mining and mineral exploration towns, in our concessions. That’s where Borosi comes from.

Our land package is vast, covering over 800 square kilometers. Noteworthy to mention, we’ve brought in some significant partners, Iamgold, Centerra Gold, and Rosita Mining, to help us advance our projects and explore the numerous targets that we have.

Maurice Jackson: Mr. King, we’ve covered some good background. Walk us through your flagship Borosi project.

Ryan King: The flagship project is located in northeast Nicaragua. We have 400 square kilometers 100% owned in these concessions. They are all butting to or very closely adjacent to each other. We have a joint venture with a small junior called Rosita Mining. This joint venture is a past-producing skarn deposit that produced over 300 million pounds of copper.

We have a joint venture, which is now 51%-49%; 51 for Iamgold, 49% owned by Calibre. This is with Iamgold. Iamgold is now currently drilling on low sulfidation epithermal vein discoveries. It has an option to go up to 70%.

Then on the Siuna Gold project, we have an option earn-in with Centerra Gold. Centerra as well can earn in to 70%, very close to its 51%, its first earn-in. It is exploring for large copper-gold porphyry systems. It’s also exploring for skarn deposits. That’s exactly what the La Luz past-producing mine was, a skarn deposit, at least over 2 million ounces of gold.

Maurice Jackson: Expanding the narrative on your project portfolio, Calibre Mining has low sulfidation epithermal gold-silver deposits. What has the company excited here?

Ryan King: You brought up low sulfidation epithermal deposits, and that’s exactly what we’re seeing over tens of kilometers based on the geochem anomalies, based on the Lidar surveys that have been done with Iamgold on the eastern Borosi concessions. What gets us excited here is just the vast amount of underexplored nature of this region.

What gets us excited is the fact that quite often when we do our geochemical analysis and we identified new anomalies, we’re seeing a good correlation to the drill results anytime we’ve had good geochem anomalies on surface, and that would be an identification of a gold-silver vein. Quite often underneath that, we are finding high-grade gold over 1 up to 15 meters of width.

For an underground type gold system, I would say, at a bare minimum, what you’re looking for is something between 2 and 5 meters running anywhere from 4 to 8 grams per ton gold in gold equivalent. That’s going to get you, we believe, a very good identification of a good underground gold system.

The nice thing about these epithermal veins is they’re outcropping quite often, and so we’re able to identify them on surface. On a preliminary engineering basis, what we could see here on some of these systems is that you have potentially a small open pit that would transition into an underground ore body.

The nice thing about what we have here at eastern Borosi is we have numerous veins swarming as well as parallel veins that you could see a multiphased, multi-ounce production scenario from a small distance. Yet over and over, we’re seeing tens of kilometers of strike length, tens of kilometers of parallel veins. We think there’s a huge amount of opportunity to expand on the current 800,000-ounce resource that we have identified there.

Maurice Jackson: Before we leave the La Luna Gold-Silver Deposit, we have some news. Can you share the details with us?

Ryan King: Absolutely. We announced some additional drill results with our partner Iamgold, which has been a very solid partner. It has been continuing to earn in annually. We run the program there. We identify the targets and then we work with Iamgold to confirm that we should proceed and drill a number of these targets.

We announced 8.7 meters, grading 6.8 grams per ton gold equivalent, as well as 4.5 meters grading 7.29 grams per ton gold equivalent. These are some of the highlights, but that meshes in very nicely with what I was just mentioning in terms of widths, in terms of grade, what you’re looking for in these types of systems. One of these, I believe it’s the 4.4 meters grade, 7.2 grams per ton gold, is a brand new discovery that we’ve made there!

This is north of our La Luna resource, about a hundred meters. We’ve also identified a long strike and about 400 meters to the north. On surface, we’re seeing excellent geochemical anomalies running multi-ounces on surface. We believe that this could lead to quite an extension to the zone and very likely and potentially a good size increase in resources when we do calculate resources. This is all outside of current 2018 43-101 resources that we did earlier in the year. Calibre is very encouraged by this and we think this is going to be a very beneficial impact to the company going into 2019.

Maurice Jackson: Last but not least, Calibre Mining has the largest gold skarn deposit in the district, the La Luz Deposit. Walk us through the deposit.

Ryan King: Calibre has never operated the La Luz, which was operated decades ago. But one of the big, important aspects of any sort of mineral exploration is to go and discover and explore around past-producing districts and past-producing gold mines. What brought us here and what got us excited about this is the potential at La Luz.

La Luz was a past-producing gold mine, producing over 2 million ounces of gold and, from all documentation we read, was very profitable. This started at surface. This was a high-grade skarn system that was started by very large trenches and morphed into a high-grade underground gold mine.

Now I can’t remember the exact year that this happened, but the hydro dam broke and flooded the mine. If I recall, there was hundreds of thousands of ounces down below where they had finished their mining and stopped mining due to the flooding. There’s probably north of 500,000 ounces that could be mineable ounces below where the mine is currently stopped and, of course, flooded now.

Myself, our executive chairman, Russell Ball, and Greg Smith were just in Nicaragua. We drove by this. It’s right on the edge of town. Again, these are past-producing mines. These towns, in this case Siuna, is very familiar with gold mining or any mining of that nature, very mining-friendly locations.

What we have done over the last little while, instead of dewatering and trying to get back in there and mine, is look for additional resources outside and around La Luz. Could you dewater it? I think that’s quite a potential. Could you then get back in there underground and start to look for more ounces? As I mentioned, there were hundreds of thousands of ounces left by the previous miner.

But what we’ve focused on over the last little while is trying to find and identify additional skarn deposits in and around La Luz. We do currently have, adjacent to La Luz, a 750,000-ounce gold resource. We’ve been doing some drilling around that. We’ve been doing some drilling down strike from that as well in the Huracan district where approximately a couple of kilometers down strike to the south, we’ve had some good what looks like porphyry type mineralization coming into the system.

Lots of potential in and around La Luz. Again, our partner there is Centerra Gold. We’re getting close to a 51%–49% joint venture now, and it has an option to earn in to 70%. We’ve been drilling a number of targets, not only Cerro Aeropuerto but a number of targets along the whole 253 square kilometers that is auctioned to Centerra Gold. We’ll see where we decide to drill next year. There’s just so many different targets along this whole trend that look interesting to both Centerra and ourself.

Maurice Jackson: Mr. King, we’ve referenced three different deposits and three different joint venture partners. A multilayered question here. Is there active drilling on all three of these deposits and what is the predominant relationship with the joint venture partners? Is that their focus only is to drill?

Ryan King: Actively, right now we have two diamond drills turning with Iamgold, and have been just about the whole year, on the eastern Borosi concessions.

As a reminder, eastern Borosi has over 800,000 ounces identified in an Inferred 43-101 resource. Over the course of 2018, drill results come out that are all predominantly outside of those resources, so two drills turning all year and currently have two drills turning. We just spit out the results today from the La Luna Gold project, where we’ve identified new mineralization outside of the current resources.

Earlier in the year, we identified a project in the Borosi concessions with Iamgold called Veta Loca, which is outside our resources. There we drilled 7.4 meters grading 9.7 grams per ton gold equivalent. We identified new zones outside of resources at La Sorpresa or Cadillac, where we drilled 4.1 meters grading 10.5 grams per ton gold equivalent.

A lot of activity with Iamgold is underway. There’s just so many different targets on the eastern Borosi concessions. That’s where Iamgold has earned in the 51%. It has the option by spending another $5 million to earn into 70%. As well, in our 100%-owned ground, Calibre drilled a couple of different targets, the San Francisco target, the San Isidro target, all around Primavera.

Primavera is a very classic copper-gold porphyry system. These porphyry systems are lower grade, but they can get to be very, very large, hundreds and hundreds, if not billions, of tons of mineralization running between 0.2 and 0.8, 0.9, one gram per ton, if not more, gold, and anywhere from 0.2 and up for percent copper.

We are drilling what looks to be a 25-square-kilometer porphyry district area that have a number of signatures that look similar to Primavera. This year, I believe we drilled about 20 to 30 holes. We have identified lower grade mineralization over long widths, but we haven’t gotten into a new higher grade system. Currently, we’re not drilling. We did a grill program this year. That is approximately 2,000 meters.

What the plan is for Primavera and our 100%-owned district now is we have identified numerous targets. We’ve just recently gone through a corporate restructuring. What we’ll very likely do at this stage is now that we’ve dressed it up and, as I mentioned, identified a number of targets, we’ll look to bring in a partner, very likely, on Primavera or Minnesota.

We’ve recently raised $5 million. We’re looking at a bit of a strategic shift within the company, not just explore in Nicaragua but because we have a very well-known team, look to acquire additional opportunities for advanced stage gold or production opportunities. We’ll look for a partner on Primavera and some of our 100%-owned projects.

Centerra is spending $9 million to earn into 70% on the 253-square-kilometer Siuna concessions. What they’re looking for, again, are these big copper-gold porphyry system, multi-element porphyry systems. We did drill up in the northern part of our district at El Avion. We’re waiting for drill results from that.

We are currently drilling right now, so there’s activity on the ground with Centerra right now. It is drilling a project called the Roskilete, which is around the center of the concession. These are all drilling following up on geochemical anomalies that have been identified. The whole almost 253-square-kilometer land package had been sampled for gold, silver, copper, and looking for concentrations on surface, and then following up with drilling.

Centerra right now is drilling the Roskilete gold-copper target, and we hope to have results probably in early 2019. There’s still a lot of activity happening.

Maurice Jackson: Ryan, for someone that is not familiar with the mining jurisdiction in Nicaragua, tell us about it. Also, share with us how is the company positioned as far as permitting?

Ryan King: That is a very important question when you’re looking at investing in exploration companies. If a company can find multimillion ounces, but can’t advance those multimillion ounces to a mine and production, it’s worthless to the investor. A very good question.

Calibre has been in Nicaragua since 2009. One of the reasons we chose to go to Nicaragua and specifically chose to acquire the Bonanza and Borosi concessions is largely because this is a past-producing district. This is a mining district that has produced over 8 million ounces of gold, 300 million pounds of copper.

These towns of Bonanza, Siuna and Rosita are very familiar with mining. In fact, one of our partners, Rosita Mining, has been doing months and months of work to advance a permit in these concessions on the Rosita concessions that we’re in joint venture with. It has recently received its permits to build a treatment plant that will process all the past stockpiles from the originally producing Rosita mine.

Because of the past production nature, these towns are very familiar with mining. Actually, for the local artisanal miners, it’s very important for them, and mining there where they’re following some veins and chipping away at some rocks and pulling out some more. It’s important for them and part for their lives to find mineralization.

As long as you can work very closely with these communities, and we have been closely working with these communities for a number of years now, you build up long-term relationships. We also have a very connected and well-known person that works with us, Angelica, who has been in-country, I believe, most of her life, working with these different villages and communities that we’re involved with. It’s really taking the time and educating, talking about socio-economic benefits, working with local communities on a daily basis really.

That’s what it takes for drilling permits as well. It’s not just permitting to build or permitting to advance a project towards production, it’s also a very strict mining law in Nicaragua, which is, I believe, very important. They’ve never bent the rules, they’ve never changed the rules since we’ve been there. I think this is important because they’re following very strictly to the code of conduct and the mining law that they have in place.

That might speak to the president. President Daniel Ortega, was the son of a miner. I can’t recall exactly which mine he was born at, but it was either La Libertad or El Limon. Those are the two main gold mines in the country. Those two gold mines produce between 100,000 and 150,000 ounces of gold a year, and they have for decades and decades. They’re owned by B2Gold, our largest shareholder. B2Gold owns 12% of Calibre Mining.

The country is very familiar with mining. It’s a very significant contributor to GDP. I believe it was somewhere between 3% and 4%. The gold helped the economy and growth in GDP. But the important aspect here is that they do follow their mining law very closely. For drilling, you need to go through consultation with community. You need to apply for permits for drilling. They need to come out and check the sites. We work with the communities, regulators, making sure that we’ve done all of our consultation work and CSR work.

They do follow that very closely, and we think that’s great. We think that’s very important. Never at one time have we had any issues in-country with getting permits, renewing concessions, anything like this. We believe, so far, it’s been a good place for us to do mineral exploration.

Maurice Jackson: Very favorable response here. Tell us about existing infrastructure and what this means for shareholders regarding capital expenditures.

Ryan King: Another good aspect about advancing a project to become a mine. Very similarly, if you have no relationship with communities, then you can’t advance a project with community support. Very similar to infrastructure. If there’s no infrastructure around and infrastructure needs to be built by government or by companies, it’s going to take a lot longer.

Luckily, in Nicaragua, a lot of different advances have been made over the years. I believe the current president, Daniel Ortega, has done a good job of building infrastructure and has expanded foreign investment into the country. Actually, to bring that up, there has been a Chinese group that has been doing engineering work and evaluation work on building a new canal through Nicaragua. I believe they’ve already spent upwards of $1 billion to look at a way to bring a canal through Nicaragua, through one of their very large lakes they have in Central Nicaragua there.

That indicates, first, that foreign investment is welcome. Second, one of the exploding industries in Nicaragua has been tourism. You talk to different people around the world, and Nicaragua has become a vacation destination. New hotels have gone up, new resorts are there. It’s become a place very much like Costa Rica where people want to go and vacation. It’s a big surfing town outside of Managua. There’s been a lot of different foreign investment in real estate and development and hotels.

On that topic, in terms of infrastructure, our CEO, Greg Smith, has been to Nicaragua for years. He was there early 1990s, and he recalls the roads being very terrible, very difficult, long, long bumpy roads. Whereas now he’s noticed a very vast difference in a lot of the roads have been paved, a lot of the roads have been fixed. Road infrastructure has changed drastically for the better, from Managua all the way up to the northeast Nicaragua where our projects are, so excellent roads.

Additionally, he’s noticed now all of the communities, Rosita, Bonanza, Siuna, are on the hydroelectric grid, and they’re continually upgrading. We noticed when we were just there brand new power lines. It’s just a matter of stringing those lines up to the power grid and they’ll have brand new power.

You could see all of the developments that are happening there, the pro developments that are happening there. I believe it’s to help attract foreign investment into the country and connect all of the different communities to the electrical grid within Nicaragua. From that standpoint, I believe the current administration has done a very good job of advancing their infrastructure, even though Nicaragua is one of the, if not the second, poorest country in Central America.

Maurice Jackson: Mr. King, before we discuss the management team, are there any reversionary interest and/or royalties on the Borosi project?

Ryan King: Yes, there are. To the government, there’s a 3% royalty. On our 100%-owned Primavera project, I believe it’s 1% or 1.5% additional royalty to B2Gold. Other than the government’s 3% royalty and I think a 27% or 30% tax rate, nothing else.

Maurice Jackson: Any reversionary interest, sir?

Ryan King: No.

Maurice Jackson: Okay. Are there any redundant asset such as a patent mining claim?

Ryan King: No.

Maurice Jackson: All right. You’ve referenced this before, but just for the record, what is management’s philosophy? Are you looking to build a mine or arbitrage?

Ryan King: This is an important question for current and prospective shareholders. I think this dovetails very well with our strategic plan. Everyone on our management team and our board of directors has been involved in mining for decades. This team has been involved with discovery of multimillion-ounce deposits through acquisition. They have been involved in raising significant hundreds of millions of dollars in capital. Furthermore, they have been involved in development-stage projects that go on to feasibility study and then become a mine. Lastly, they have been involved in royalty companies that have gone on to transactions that seek financial windfalls for shareholders.

Very recently, the majority of our team was involved with a company called Newmarket Gold. Newmarket Gold was a large portion of our team on Calibre Mining. Newmarket went out and acquired three producing gold mines. These gold mines were located in Australia. At the time, Newmarket had an exploration project in Newfoundland, in Canada.

The beginning part of 2015, we felt that the opportunity with the landscape of the gold producers and the gold price, roughly around $1100 gold at that time, was the right time to go out and acquire production and hopefully find ways to optimize them.

We did that. We found three producing gold mines in Australia, one of which was called Fosterville. In each one of these mines, we had recognized that not a lot of capital and not a lot of exploration work had gone into some of these mines. We immediately talked to all of the local and ground geologists. There were numerous targets. We immediately deployed a program of exploration drilling on each one of these projects, and we had success. We found very high-grade extensions, particularly to the Fosterville Gold Mine.

We advanced that on, grew the resource, optimized the mine, and went on and did a merger with Kirkland Lake Gold. Kirkland Lake Gold has been one of the darlings in the gold space, if you can find a bright spot in a difficult market. Kirkland Lake has had well over 200% and 250% returns for shareholders since that transaction. A lot of it has to do with Fosterville. This Fosterville mine has become a very high-grade underground gold mine that is producing well over 200,000 ounces of gold a year, a very low cash cost. It’s been an incredible win for our shareholders.

This team, what we’d like to do, again, is, because we feel now is the time to be acquiring either producing or very advanced stage gold opportunities, we think now is the time just because the disinterest in the sector. The gold price has not been bad. We’re sitting around over $1,200 gold. But the price to net asset value in so many of these different seniors and mid-tier gold producers is very low, multiyear lows. We think it’s a great opportunity to take advantage of, if we can acquire the right deal with the right capital structure.

Maurice Jackson: Short term, we’re looking at optionality and, long term, we’re looking at arbitrage. Is that correct, sir?

Ryan King: Yes, if we can execute on our plan, which I believe we will, there’s optionality in Nicaragua and we have over 2 million ounces of defined resources there, we have great partners. Then at the same time if this management team and board of directors can execute and acquire quality opportunities, we think, yes, this is going to be a great arbitrage opportunity.

Maurice Jackson: Switching gears, I learned from some of the most serially successful in the industry, ranging from Rick Rule, Doug Casey, Jayant Bhandari, Mickey Fulp and Bob Moriarty, that the people running the business are equally, if not more, important than the latent material in the ground. Mr. King, please introduce us to your board of directors and management team and the unique skill sets they bring to Calibre Mining.

Ryan King: First and foremost, Russell Ball our executive chairman, comes from Newmont and Goldcorp, really ingrained into the business for decades. He was the chief financial officer at Goldcorp most recently. He’s now our executive chairman. Now that we’ve restructured the company, we’ve recently gone through restructuring, we raised $5 million, 45 million shares out, approximately, today, December 2018, market capitalization of $15 million. It aligns with our plan of going out and buying production or acquiring production through the Goldcorps of the world, mid-tiers, seniors. Hopefully, we’ll find a way to find the right opportunity.

Russ is a fantastic addition to the team and huge relationships within this business, and absolutely knowledgeable, intelligent gentleman that knows what he’s doing. Douglas Forster, Masters of Science in Economic Geology, Doug is brilliant at merging the science and resource aspect of companies with capital markets.

Doug has been very successful with the Hunter-Dickson Group, Bob Hunter and Bob Dickinson, way back in the 1980s where they discovered Mount Milligan, a big copper-gold system, and went on to sell that and numerous other projects in 2006 and bought back the Mount Milligan project that been undeveloped, advanced it through permitting and feasibility study, and then sold Thompson Creek.

His most recent success, one of the founders and president/CEO of Newmarket Gold that went on to sell for a little over a billion dollars to Kirkland Lake. Huge, huge asset within this company. One of the primary reasons that I’m part of this company and part of this group is because of Doug. His experience, his expertise and track record speaks for itself.

His partner and director, Blayne Johnson. Both Doug and Blayne are founders of Calibre. They were also both founders of Newmarket Gold. As I mentioned, we were very successful there going on and at advancing gold production towards a place where we felt it was value-add to merge with another company, Kirkland Lake. Kirkland is now a $5 billion company and I would say one of the darlings in the business.

Blayne was a stockbroker for many years, raised hundreds of thousands of millions of dollars for different publicly traded companies. Blayne is now working with Doug there. They’re partners looking for new opportunities to acquire advanced gold development or gold production. Blayne also brings a huge Rolodex of relationships within the business.

Doug Hurst was one of the founders of International Royalties that’s sold to Royal Gold, and years ago did very well on that. Of course, Doug is also one of the founders of Newmarket Gold. An incredible geologist within our group. Very analytical. Doug looks at projects, looks at spreadsheets. He was an analyst within the business for many years.

Ed Farrauto, also one of the founders of Terrain Metals, which was, in 2006, acquired the copper-gold Mount Milligan project. He’s also one of the founders, with Doug and Blayne and Doug Hurst, of Newmarket Gold. Incredible, again, relationships and knowledge within the regulatory space and corporate governance.

George Salamis, as some of your listeners well may know, is the founder of Integra Resources. He was the chairman of Integra Gold. I’m not sure, I might have had those flipped around. I can’t remember Integra. But George, yes, we very closely work with George over the years. George, of course, sold Integra to Eldorado for well north of $400 million, I believe. Again, somebody that’s been in the business for many years. He’s a geologist and understands capital market space and, of course, has eyes and ears within the industry, looking for opportunities.

It’s a very well-connected board. I didn’t mention Greg, but Greg Smith is a geologist. He’s been working in Latin America, Central America for decades. One of the companies he had incredible success with geologically and on the ground was with Rusoro Mining. Rusoro had the gold projects in Venezuela. Unfortunately, Venezuela didn’t work out so well. However, Greg went on to find tens of millions of ounces there in Venezuela.

He has really a track record of being able to find multimillion-ounce deposits. He’s very much one of the geologists that’s probably, from what I’ve known in my 15 years in this business, one of the best at finding new discoveries and advancing and finding more resources. We’re doing that as you can see in Nicaragua.

I will just mention one other individual, a strategic advisor, he’s on our strategic advisory board, Darren Hall. Darren comes with decades of experience with Newmont. He was the chief operating officer with us at Newmarket Gold. He was overseeing thousands of employees when he was at Newmont in Australia. I think he was the general manager of Boddington, one of the larger open pit underground gold mines in Australia. Darren is very willing to roll his sleeves and work with us again on the next new opportunity that we come across. We’re privileged to have somebody of his expertise work with us again on, hopefully, will be a Newmarket, too, scenario.

Maurice Jackson: Tell us about Ryan King. What makes him qualified for the task at hand?

Ryan King: It’s sometimes difficult to look in the mirror and answer that question. I’ve been in this business now for a better part of 15 years. I started back in 2003. Right out of the gate, I was privileged enough to be able to work with Doug Forster, an ex-Placer Dome team that had been through, of course, production and development scenarios. One of the first companies that I really got ingrained into was a company called Terrain Metals.

I’ve got a business degree, but I was able to learn on the ground, in the office through geologists, through engineers, through CSR specialists how to really take an operation, optimize it, advance it through the permitting stages, advance it through all the financing hurdles that you need to go through to build a mine. Throughout my career, I’ve spent days on the road with different CEOs with different skill sets. I believe that I’ve really learnt what works and what doesn’t work in terms of opportunities within the space, what people are attracted to, what people like, and then, very interestingly, when things turn, when markets turn, when there’s wind in our sails, when to allocate more capital to get the story out.

So I have 15 years of experience on the ground. Luckily, I’ve been involved in two acquisitions; one, the Terrain Metals, which we sold to Thompson Creek for $750 million in 2010. Then another big success was Newmarket Gold that we sold for a little over a billion dollars. Both of which I was ingrained right from the beginning.

I’ve worked very closely with the whole team and really trying to unlock value, getting the story out on different channels institutionally, helping raise capital, retail, and then any different ways to add value through corporate development, through new relationship, through strategic alliances and strategic shareholders. That’s my skill set. Yes, I think just basically the experience over the last 15 years and seeing the value that we look for in particular assets and merging that with capital markets is one of my strengths.

Maurice Jackson: It’s one of those unique intangibles that you have an opportunity to be with that intellectual capital behind the scenes is something that you don’t learn in the world of academia. You just have to be there. What can you share with us about the technical team?

Ryan King: I touched on the technical team briefly, particularly Greg and his skill set on the ground. Greg is the president and CEO currently of Calibre Mining. He has been since I believe it was 2010. Again, very experienced geologist. He oversees all of the technical aspects, geological aspects of the project. He’s got his fingers in every piece of the puzzle.

In Nicaragua, Greg is very ingrained in looking at new opportunities, looking at geological potential, the outside potential. Very much on the ground. As I mentioned, we were just in Nicaragua. Greg, our executive chairman Russel Ball, and myself, we were kicking rocks, meeting the drillers, reviewing geological maps and potential.

In-country, we have a very seasoned project geologist, Marc Cianci, who was with Barrick for a number of years, left, and started working with us in Nicaragua. He’s our number one ex-pat that lives and works in Nicaragua full time. Excellent geologist, has helped us identify new discoveries and grow resources there.

I mentioned Doug Forster, an incredible database of knowledge this gentleman brings with his experience over decades of looking at different projects, see what works, what could work, what doesn’t work. Being a masters of economic geology adds a lot of value, but then being able to merge that with the capital markets aspect and what could help unlock further value is such a tremendous tool.

Raymond Threlkeld put mines into production. Ray’s a geologist as well. He’s looked and identified new targets all the way from grassroots right to advanced exploration to be able to add value. Doug Hurst, the geologist. Darren Hall, the chief operating officer with decades of experience not only with operations, but the human capital aspect is an important part of it. It’s such an important part, especially when you’re overseeing thousands of employees. Darren brings a tremendous amount of expertise and experience on that.

We’ve got a very well-rounded team with accountants, geologists, engineers. I believe that it’s the right mix for us when we go and we do make an acquisition, to be able to identify the good targets, the good projects to potentially bring into the company from multilevel aspects, all the way from additional exploration potential, engineering and mine optimization through to the various levels of regulatory and accounting details. It’s a good mix of a team.

Maurice Jackson: All right, sir. We’ve covered your deposits and we’ve covered your people. Tell us about your capital structure.

Ryan King: As of December 2018, 42 million shares issued and outstanding. We’ve recently completed a $5 million capital raise, a small private placement that we did at 44 cents. We did that with Sprott Global, with Rick Rule’s group. I believe Rick has identified us as a group that has been successful in the past, nice optionality with joint venture partners in Nicaragua.

One of the things, I believe, that stood out for Rick was management’s ownership. I think this is very important anytime anyone looks at a very risky, early-stage exploration, even development-stage company, is do the management, the board, the founders, do they own stock and do they own it by buying it in the market?

So often you’ll see different groups that own stock, but they may or may not have ever bought that stock. It may have been granted or gifted. We actually have hard dollars into the company. We’ve bought 10% of our shares in the market or in private placements. We all participated in the last round of the financing at 44 cents.

We want to see Calibre Mining succeed. Even recently, you look at insider filings, you’ll see some of our directors, myself included, buying shares in the market, because oftentimes, at the end of the year, at the end of a difficult commodity cycle or a year, you’ll see tax loss selling. We’ve been seeing that recently currently trading at about 38, 39 cents a share. We all just believe it’s a great opportunity to acquire additional shares in the market, given the tax loss pressure, all resource, as companies have seen.

We’ve got about just a little under $5 million in cash with a very relatively low burn rate, given that we’re not going to be spending any money drilling on our 100%-owned projects in Nicaragua in the short term.

We just think the better value opportunity is to continue to look for additional either advanced stage gold projects or production opportunities. They’re not easy to find, they’re not easy to transact on, but because of the depth of our relationships, I believe that we’ll be able to pull it off.

Maurice Jackson: For our members of our audience, I want to underline, underscore, and foot stomp when Rick Rule and Sprott Global Resource Investments, when they commit capital, that should get your attention as well.

Ryan King: I will just quickly touch on two more shareholders that we have that I think is prominent and important. You mentioned Sprott and Sprott Global, Rick Rule. It’s very worthy of paying attention to smart, educated, well-known investors like himself.

We also have a 9% shareholder, Lukas Lundin. Lukas was a board member with us at Newmarket Gold. He was a significant shareholder of that company as well. In addition, 12% shareholders in B2Gold. B2 has projects all around the world, but, in particular, it has two producing gold mines in Nicaragua, where we’re currently exploring. Good shareholders to have. Well over 30% here, or just a little over 30%, is owned by people close to the company, management, and very solid, well-known mid-tier gold producer, almost a senior gold producer in B2Gold.

Maurice Jackson: Talk to us about the cash-flow distribution. Is it going to be used predominantly for optionality here?

Ryan King: For the time being, given the landscape we see in the resource market, particularly gold market, we believe it’s best preserved and used for, let’s call it, due diligence, looking at new opportunities. It does require capital. Even though we have a great team of technically experienced, good director and management people, you always need to hire third parties to help analyze and assist in seeing if an opportunity has any red flags, seeing if there’s areas for improvement, seeing if there’s upside potential.

At the moment, that’s probably going to be our use of cash, as well as rent and small salaries. Outside of that, if markets do tend to change, we might review drilling some more on our 100%-owned ground. As I have mentioned, we have numerous targets. We think there’s significant amount of potential to expand on not only resources, but make new discoveries.

However, in the market, we have noticed that it’s not translating that much into new shareholder value in terms of drilling and expanding resources. It can be just what’s happening in the market today, it could be a bigger picture, but we believe we’re getting close to a bottom in the gold cycle. We believe that over the last number of years, stewards of shareholder capital management and board of directors in mid-tiers and senior gold companies have started to focus really on the margins of their ounces and being able to really grow not so much grow their production, but focus on cash margins of their producing opportunities within their portfolios.

I think they’re really starting to evaluate and starting to put money to work properly. Whereas before it was not well-used capital allocations. I think that’s what got the sector a little bit offside for a lot of institutional shareholders unhappy with the use of capital. I think that’s changed. I think a lot is cleaned up. I think that we’re getting close to a new bull market, and we hope so. We’re going to be opportunistic now.

Maurice Jackson: How much debt do you have?

Ryan King: No debt.

Maurice Jackson: Did we miss any other institutional investors?

Ryan King: We do have, I’m sure, a couple of different funds in there. It’d probably equate to about 10% to 15% funds are familiar with us. I won’t name any specific names. But, yeah, there’s probably about 15%, maybe up to 20% institutionally held within the company.

Maurice Jackson: What is the float?

Ryan King: The float I would say is probably currently somewhere between 30% and 40% of the public company.

Maurice Jackson: Are there any change of control fees?

Ryan King: At this stage, I don’t believe there is. No.

Maurice Jackson: All right, sir. You survived the storm. Mr. King, multilayered question here: what is the next unanswered question for Calibre Mining? What should we expect results? What determines success?

Ryan King: I will answer that by saying, first and foremost, I think the largest significant impact Calibre will have for shareholders will be the acquisition of a producing gold opportunity that has opportunity to either expand in resources or optimize in cost in terms of potentially bringing cost down. I think that will have the most impact for shareholders of the company. I think it would transform the company. Well, clearly, it would transform the company immediately.

We do have ongoing drilling with Centerra and with Iamgold. Over the next number of months, we’ll have drill results coming out periodically. One of the things about drilling when you’re drilling new targets is you hope to have good success, you never know. I believe that if we do have good success significantly outside of our resources, maybe larger widths, higher grade, they could have a very positive impact on the company.

There’s a number of things that will outline success, and I believe it will happen between the next three and, let’s call it, nine months. We’ll have regular news flow. However, this opportunity for us to take advantage of the lower price to NAV opportunities in the sector. The, let’s call it, hopefully, low hanging fruit, maybe partner with a mid-tier company to try and unlock value.

You see back in earlier parts of the 2000s, Goldcorp had been successful at that. It had vended out projects for shares. Companies, for example, Primero, had good success and Goldcorp did well on shares there. There’s many different ways to skin a cat. There’s many different ways to find new opportunities. Our group is very connected with numerous different parties within the sector, so I think we’ll have success. I’m very confident we’ll have success.

The next unanswered question would just be what is the new opportunity? What is it going to look like? We are focused on precious metals, but what is it going to look like and how is the team going to unlock value for shareholders?

Maurice Jackson: What keeps management up at night that we don’t know about?

Ryan King: I would say, if anything, what keeps management up at night is not getting into the game. What I mean by that is not being able to execute on our plan, and that is to acquire something that is either advanced stage or in production. For whatever reason, not being able to acquire it, costs get too expensive, structure doesn’t work, relationships fall apart, capital isn’t there, for some reason.

I would say, if anything, we want to get in the game. We believe that there is a new bull market in precious metals coming. If there’s anything that keeps us up at night, it would be that, not being able to be a part of the next cycle.

Maurice Jackson: Finally, what did I forget to ask?

Ryan King: I think we covered most of the aspects that any sort of retail or institutional shareholder would want to know when looking at a company. I think it’s important to note that we’re all very engaged here. We do think that there is a great opportunity in front of us. In terms of what investors would look for, I think we covered off all the important aspects.

Maurice Jackson: Mr. King, for someone listening that wants to get more information on Calibre Mining, please share the contact details.

Ryan King: Absolutely. You can contact myself directly at 604-681-9944 or by cell phone 778-998-3700. That is the office phone number here in Vancouver, Canada. You can email me directly, rking@calibremining.com, as well as, of course, get information from the website, www.calibremining.com.

Maurice Jackson: As a reminder, Calibre Mining trades on the TSX.V symbol CXB. On the OTC, symbol CXBMF.

Last but not least, please visit our website www.provenandprobable.com where we interview the most respected names in the natural resource space. You may reach us at contact@provenandprobable.com.

Ryan King of Calibre Mining, 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.

Disclosure: 
1) Maurice Jackson: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. 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: None. Proven and Probable disclosures are listed below.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click herefor 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) 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.

Proven and Probable LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Proven and Probable website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Proven and Probable to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Monthly sponsorship fees range from $1,000 to $4,000 per month. Proven and Probable LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734.

The Information presented in Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investments, trading or otherwise, based on any of the information presented on this forum without undertaking independent due diligence and consultation with a professional broker or competent financial advisor. You understand that you are using any and all Information available on or through this forum at your own risk.

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GROUP TEN METALS Exploring for PGE’s in Montana

Michael Rowley, president and CEO of Group Ten Metals sits down with Maurice Jackson of Proven and Probable to discuss his companies exploration for platinum, palladium, nickel, copper and cobalt in the Stillwater area of Montana. Specifically, Mr. Rowley will address the latest press release regarding hybrid zone consisting of 14 target areas, 6 of which Higher-Grade ‘Reef Zones’ and 8 of which are large scale bulk tonnage “Platreef-Style’ Mineralization.

VIDEO

AUDIO

TRANSCRIPT

Original Source: https://www.streetwisereports.com/article/2018/12/27/exploring-for-pges-in-montana.html

Exploring for PGEs in Montana 
Contributed Opinion

Source: Maurice Jackson for Streetwise Reports  (12/27/18)

Maurice JacksonMichael Rowley, president and CEO of Group Ten Metals, speaks with Maurice Jackson of Proven and Probable about his company’s recent PGE discoveries in Montana and the similarities to projects in South Africa’s Platreef District.

Platinum bars

Maurice Jackson: Joining us today is Michael Rowley, the president and CEO of Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTC), which is exploring for platinum, palladium, nickel, copper and cobalt in the Stillwater district of Montana.

Mr. Rowley, we have some exciting developments to discuss for current and perspective shareholders, but before we begin, for someone new to the story, who is Group Ten Metals and what is the thesis you’re attempting to prove?

Michael Rowley: Group Ten Metals is a growth stage company, focused on PGM, platinum group metals, plus nickel, copper, also cobalt, the so-called technology battery metals. We have polymetallic deposits as these things occur together; we’re focused primarily at the Stillwater West Project in Montana. We also have assets in the Yukon and a gold project in Ontario.

Maurice Jackson: Group Ten Metals just issued a press release announcing a new discovery hybrid zone and some targets at the Stillwater West. Multi-layered question, sir, can you update us on the Stillwater West, expand on the findings, and tell us what they mean moving forward?

Michael Rowley: Stillwater West is our newest project; we made our first acquisition there in 2017. It’s a remarkable land position and database in a truly world-class district. The Stillwater name, the district is synonymous with the richest palladium, platinum mines in the world, a staggering 90 million ounces in past production and current reserves producing from three mines at over half an ounce per ton, 16 grams per ton.

It’s platinum and palladium rich; palladium, of course, is very significant right now given that palladium is challenging gold as the most valuable precious metal. We are above and below Stillwater in this layered system and because of that we have not only the same potential for palladium and platinum, platinum group metals in general, but we also get to expand our target to these truly polymetallic things including nickel, copper, cobalt, palladium. We recently added to that list, also, rhodium, and we have some significant gold.

This is truly elephant country. It’s the biggest PGM deposit outside of South Africa and Russia and, of course, it was bought by Sibanye our neighbor for $2.2 billion in 2017. So we’re the only other player in the district. It’s a fantastic place to be, we’re very excited.

You brought up the most recent news release, December 17. The Hybrid Zone is one of our targets in the Chrome mountain area and an exciting new discovery. We mention up to 150 meters of mineralized intervals there in this new style of mineralization. What’s exciting is this has never been recognized in camp before and it ties into the Bushveld Complex of South Africa and, despite the known similarities between these districts, Stillwater has never been examined systematically for that potential.

So in a nutshell, we are taking the lessons learned at the Mogalakwena Mine and Ivanhoe’s Platreef project and applying them to the similar geology in Montana Stillwater in a way that nobody’s done before. I guess final point to wrap that up is the team that we’ve attracted includes a number of renowned experts on this type of deposit, but most recently David Broughton of Ivanhoe, so we’ve actually attracted expertise and talent of a world caliber on the project.

Maurice Jackson: Can you further expand on the new 14 target areas?

Stillwater West

Michael Rowley: We have as a result of our efforts in 2018, being our first season on the ground, we’ve identified 14 target areas in Stillwater West, six of them fit the high-grade PGE reef type targets that the district is known for, in particular our neighbor Stillwater Sibanye Mines. However, 8 of the 14 targets are these newer Platreef style targets where we see potential for large-scale bulk-mineable disseminated sulfide mineralization of the types seen on the Platreef District of South Africa, and that’s in the basal zones and the lower ultramafic series in Stillwater.

And that’s the greater potential we see there for these hundred million ounce style PGE nickel/copper deposits, also cobalt actually, at Stillwater, and news flow will be ongoing in the coming weeks and months as we reveal the results of our work in 2018, and our plans for 2019.

Maurice Jackson: And what are the target commodities at the Stillwater?

Michael Rowley: It’s a true polymetallic system; the district itself is known for having the highest-grade palladium platinum lines in the world, and that is the three operating Stillwater mines that were bought by Sibanye in 2017, in our part of the district, in the lower part you can also add to that list gold, cobalt, and chrome are significant and we are recently finding indications of potentially significant vanadium and rhodium, you can add to that list as well.

So this suite of commodities, in particular the palladium, in light of what palladium is doing in the markets these days, positions Group Ten as one of very few options in terms of PGE investment opportunity for investors, especially if one included geography in that, being that we are outside of South Africa and Russia, in North America.

Maurice Jackson: Sir, what is the next unanswered question for Group Ten Metals, when should we expect results, and what determines success?

Michael Rowley: Good questions, news flow will be ongoing in the coming weeks, assays are coming in as we speak, we’re entering them into our models and planning our strategy around that, so we’re excited by what we see. I think the most exciting aspect of news is going to be the results of re-logging and modeling the more than 12,000 meters of core that we have in our possession, as we said earlier, no one has brought this land position together with the South African Platreef models, along with this physical core, so bringing these things together, and for the first time looking at this district systematically for the potential for these styles of deposits. It’s very exciting and I think the first quarter of 2019 you’ll see some very interesting news releases and materials along that line.

We will be at the major trade shows, we’ll have core on display at the January shows in Vancouver, and we’ll be at the PDAC in Toronto in March as well, and we look forward to seeing anybody and everybody there.

Maurice Jackson: Sir, we’ve covered the good, what keeps you up at tight that we don’t know about?

Michael Rowley: Well, frankly, our share price isn’t where I’d like it to be and I don’t think it reflects the potential of the company, that is of course seasonal and the juniors (miners) do generally get hit harder this time of year, however, gold has held up very nicely, and other commodities are following it, and the majors have moved up nicely. So I think we can expect a good rebound in 2019 from the mining sector, and from the juniors, and then, of course, there was also our own work, especially Stillwater I think will get some nice life, in addition to the rising tide, that floats all boats.

Maurice Jackson: Finally, what did I forget to ask?

Michael Rowley: Well, it’s not that you forgot to ask, but let’s revisit and touch on something we’ve talked about before, the fact that 75% of the world’s PGM metals come out of South Africa—this has been written up very well recently by the CMP group out of New York—a lot of those mines are facing closures, they’ve been underfunded for years, and this is expected to drive the platinum price substantially into the year 2020.

Palladium, of course, is already up and platinum is expected to follow. It’s worth noting, perhaps, that those are reef mines, they’re deep, they’re hot, they’re expensive, they’re dangerous, the mines of a Platreef, north of the Bushveld, are our current model with Stillwater, and those are highly economic and they keep producing, and that’s what we expect to bring to Stillwater for everyone’s benefit.

Maurice Jackson: Mr. Rowley for someone listening that wants to get more information on Group Ten Metals, what is the website address?

Michael Rowley: Website is grouptenmetals.com.

Maurice Jackson: And as a reminder, Group Ten Metals trades on the TXS.V:PGE, and on the OTCQB:PGEZF; for direct inquiries please contact Chris Ackerman at 604-357-4790 extension 1, or email info@grouptenmetals.com, as reminder Group Ten Metals is a sponsor of Proven and Probable, and we are proud shareholders for the virtues conveyed into today’s interview. Last but not least, please visit our website www.provenandprobable.com where we interview the most respected names in the natural resource space. You may reach us at contact@provenandprobable.com.

Michael Rowley of Group Ten Metals, 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.

Disclosure: 

1) Maurice Jackson: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Group Ten Metals. 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: Group Ten Metals is a sponsor of Proven and Probable. Proven and Probable disclosures are listed below.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click herefor 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) 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.

Proven and Probable LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Proven and Probable website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Proven and Probable to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Monthly sponsorship fees range from $1,000 to $4,000 per month. Proven and Probable LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734.

The Information presented in Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investments, trading or otherwise, based on any of the information presented on this forum without undertaking independent due diligence and consultation with a professional broker or competent financial advisor. You understand that you are using any and all Information available on or through this forum at your own risk.

Images provided by the author.

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