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$KL, $55 target in H1/21. Attractive entry point for 2021. The Company is likely to produce 1.3 - 1.4m gold oz's in 2021. The high grade nature of their deposits provides ample margin at current prices for cash accumulation / a big exploration program / sustaining capex / share buybacks / dividends. The Group ended Sept 30th with no debt, $850m in cash, and is generating $2.25-2.50/sh in FCF annually. The current share price is trading at April levels when gold was ~in a $1,650 - 1,750/oz despite current gold prices of $1,898/oz. I'm expecting Group will report in excess of $1B in cash, no debt with operations contributing another record year for the Company. Gold has rallied since Nov 30th, however KL has lagged during the $100/oz run up. Rally of gold in 2021 will move KL to $55 levels, provided no expensive acquisitions, it should provide a 30-45% return during the year. Cdn buyers/Cdn exchange - deval of USD coming in 2021.
KLong
by ColinSutherland
1
SAND: Divergence->Left Turn at 50%?Currently -general downtrend, bottoming out on the daily lows (50% retrace)-notice the macd+rsi divergence against the general downtrend -look at previous divergences when macd+rsi travel in the opposite direction -flat lows, then reversal when macd+rsi diverge - GAP filled above 50% retrace of march lows and beginning of bull run. -~3 bounces around 50% retrace -no more gaps to fill from rapid accent in Spring 2020 -one gap to fill Also, where should i place fib and gaps: on the wick or candle? Also, divergence around the top... a bit of a stretch?
NYSE:SAND
by Uglybob
$GGD - Near term target $3.50 (Q1/21) 2020 proved to be quite a turnaround for $GGD financially/operationally and the near term production looks very promising. At YE19 - cash was low, ops were running at a small deficit, market cap of approx $125m. At YE20 - cash is U$53m, ops are running at record production, market cap of approx $615m Silver performed well during 2020 which allows GGD to operate its tailings deposit at positive margins. The Company stated they realised U$6.5m of FCF at a silver price of U$22.71. Silver price today of $26.40 gives them an additional U$2.2m/qtr of FCF. Near term catalysts - you could see this at $3.50 by Mar/21: Los Ricos South PEA - grade profile for OP is 2.26 g/t Gold Equiv, nice operating margin given cutoff originally used $1,400 gold and $16 silver - if recoveries avg 70% combined, the project will provide a nice IRR. If additional tonnage added through drill program, even better for the economics of the project as a whole. Drilling - one of the largest drill programs in Mexico, the Group sees value in unlocking the Los Ricos region. Positive results from the Northern region of Los Ricos will add more value because of proximity to Southern Region which will have soon to be released economics via a Preliminary Economic Assessment. Consolidation - better assets are hard to come by, the Group will likely see interest from several larger silver producers. Well performing asset, attractive development asset, clean balance sheet. Management - the team knows Mexico well, has operated in the capital markets space for over 20 years and have previous success. Limited downside through 2021, no warrant overhang, management ownership.
TSX:GGDLong
by ColinSutherland
IVR leveraged silver miner 500% on next rally??-Investigator Resources (IVR) has intersected up to 755g/t silver from infill drilling at the Paris Silver Project in South Australia -The 20,500 metre drilling program began in September with aims of improving the grade and confidence of the resource -Drilling is still underway, with 19,300 metres of the drilling campaign already completed -A diamond drill rig is scheduled to arrive on-site before the end of November to support quality assurance and control requirements Some old news headlines. I think with the DXY looking to decline. PM markets should start lighting up. We have had a good consolidation so keeping an eye on moves this week!
ASX:IVRLong
by DylanWikki
GSPR.V - One of the best risk/reward in CopperAt $4.9M mkt cap with 17M float, I believe GSPR offers one of the best risk/reward in the junior mining space: - tight share structure with 25% held by insiders - 28% discount to just closed .40 financing ($500M) - high grade past producing Copper mine - adjacent to Teck Resources' Highland Valley Copper open pit operation - Copper prices are surging to multi-year highs: www.mining.com - Low volume drop was caused by IPO broker warrants that expire next week - Bounced off current support line 3 times since July; two gaps above at .31 and .35 - Strong pickup in Accumulation on retrace - Assays from high grade #Copper project in BC are pending.
TSXV:GSPRLong
by wealth_bakery