Year End Final Weekly Update – TFSA Stock Picks 2019 – Dec. 31
NOTE: Not recommending that you buy or sell any of these stocks yourself, just picking what I think I can make some money on. I will not be announcing when I sell any of these. I will drop and add stocks as I go, depending on news flow and anticipated stock price changes.
**** I show the stock price when I picked it…. the stock may have gone up (as many have) and then may have come right back down again. In several cases, I may have sold and then bought back in ****
Stock (Stock Price When Picked) – Current Stock Price – Update
Aftermath Silver – AAG ($.13) – $.48 – intends to use the proceeds from the recent private placement of $3.3 million for the Challacollo and Cachinal Silver-Gold projects in Chile and for general working capital. Challacollo is a low-sulphidation epithermal deposit which hosts an historic Mineral Resource of 30 million silver ounces Indicated (4.7 million tonnes at 200 g/t silver) and a 6.9 million silver ounces Inferred (1.6 million tonnes of 134 g/t), with associated gold credits
* Outlook for silver going forward is positive so TFSA Letter will continue holding
Canada Nickel Company – Not Currently Listed – Assay results from the first nine diamond drill holes (5,267m) were released as a pure nickel Company, Canada Nickel Company, is being created as a spin out from Noble Mineral Exploration (NOB) with its Crawford Township assets and will also include the interests of Spruce Ridge (SHL) in those assets. Canada Nickel completed a $5 million financing and is filing documentation for a listing on the Toronto Venture Exchange (TSX-V)
*Potential listing in January for this pure nickel play… Spruce Ridge (SHL) shareholders will be getting shares of Canada Nickel
Excelsior Mining – MIN ($.92) – $1.00 – confirms that approval to commence mining operations through the injection of acid has been received from the Environmental Protection Agency. Delivery of mining fluids to the copper orebody is scheduled to begin before year-end at the Gunnison Copper Project in southern Arizona. First copper cathode sales are expected in Q1, 2020
*Now going into production as an in-situ copper producer in the US
Geomega Resources – GMA ($.155) – $.16 – Company is moving towards construction of the demonstration plant and becoming the first rare earths recycling plant in North America and Europe, vision is to use ISR technology to one day process mining rare earths concentrates from the Company’s Montviel deposit and ultimately other mines wherever they may be located
*Interesting play on starting a permanent magnet recycling operation for rare earths in 2020
GTEC Holdings – GTEC ($.225) – $.20 – announced that it has extended and revised its agreement with an Okanagan-based cannabis consulting firm to facilitate acquisition and cultivation of cannabis genetics (“cultivars”), via its wholly owned subsidiary, Tumbleweed Farms Corp.
*Integrated pot company currently selling premium products… a survivor?
iMetal Resources – IMR ($.08) – $.07 – announced completion of an initial 752 meter NQ diamond drill hole on Grid Zone 3 on the Company’s Gowganda West property, the drill hole encountered strong and extensive alteration to the original target depth of 500 m and as a result the hole was extended to the full rig capacity of 752 m to the end of the hole
*Awaiting initial drill results of deep drilling on target
Lithoquest Diamonds – LDI ($.095) – $.07 – reports the agreement, announced on October 29, 2019, to acquire 3,500 sq-km of Exploration Licences in the North Kimberley region of Western Australia has terminated
*Awaiting analysis, due in spring, of the diamond content in the kimberlite drilled in the fall of 2019
Macdonald Mines – BMK ($.055) – $.11 – received results from its channel sampling program on the Villeneuve Structure located on the Company’s SPJ Property, 40 kilometres east of Sudbury, Ontario. All channel samples returned gold (up to 147.8 g/t), as well as variable cobalt, copper and nickel
*Awaiting further drill results from the drilling program at Scadding
1911 Gold – AUMB ($.33) – $.26 – announced that it has begun first phase exploration drilling at its 100% owned Rice Lake gold properties. This district-scale land package is located in the Archean Rice Lake greenstone belt of southeastern Manitoba, within the prolific West Uchi geological domain, which also hosts the Red Lake gold camp in adjacent Ontario. The Phase 1 program will entail up to 10,000 metres of drilling to test multiple targets in the Bidou, Tinney, Horseshoe and Poundmaker project areas
*Intriguing accumulation of assets with a substantial drilling program now underway
New Carolin – LAD ($.135) – $.08 – announced that it has completed the first two deep holes of its 2019 underground drilling program on its 100% owned Ladner Gold Project, together with an initial surface mapping and sampling program to generate near surface drill targets
*Awaiting results of first two deep drill holes to determine further exploration
Northern Shield – NRN ($.075) – $.09 – has discovered two new vein systems in Cape Breton, Nova Scotia, that are being explored for low-sulphidation epithermal gold and silver, Company has become a leading explorer of low-sulphidation epithermal gold-silver systems in Atlantic Canada, now holds a portfolio of six such projects including three in Nova Scotia, one in Newfoundland (that hosts multiple systems), and two in the Gaspe Peninsula of Quebec that appear to be of epithermal affinity
*Potential of a large system scale at Shot Rock gold property as well as the potential of more high grade at Root Cellar
RJK Explorations – RJX.A ($.045) – $.19 – added Mr. Gino Chitaroni to its advisory board. Gino is a lifelong resident of the Cobalt-Coleman area and his mining roots in the community are deep as his father and brothers were former silver mine owners and operators in the 1960-70s. Gino is a graduate of the Haileybury School of Mines, went on to obtain a Degree in Geology with a minor in Business at Lake Superior State University. Gino is currently the President of the Northern Prospectors Association along with being a board member of the Ontario Prospectors Association. The Company amended the conversion period of the Preferred C Royalty shares to A shares from 4 years to 25% biannually starting June of 2020. The initial closing date will be December 6, 2019. All other terms remain the same
*Completing financing that will lead to drilling of a number of kimberlite targets in early Spring of 2020
Rockcliff – RCLF ($.105) – $.07 – announced that is has completed all work required for the Company to earn a 51% ownership interest in the Talbot Property pursuant to the Company’s option agreement with Hudbay Minerals Inc., also announced additional high-grade assay results from the Talbot Property of 4.04% Copper Equivalent across 11.13 metres including 10.5% CuEq across 3.46 metres
*Higher copper price would initiate the revival of its +1000 tpd permitted, leased processing and tailings facility using several of its advanced-staged, high-grade copper and zinc dominant VMS deposits
Scottie Resources – SCOT ($.165) – $.185 – provided assay results from three new showings (The Mayor, Tope Rope, Tombstone) discovered on the Summit Lake Property during the 2019 field season. The Summit Lake Property is situated between Pretium’s Brucejack mine and Ascot’s Premier mine in British Columbia, Canada, and falls within the prolific Golden Triangle. Assays include grades of up to: 9.48 g/t gold, 3510 g/t silver, 2.84 % copper, >20% lead, and 28% zinc
*Still awaiting assay results from the 20 drill holes on the Scottie and Bow Properties
Sun Metals – SUNM ($.51) – $.225 – announces the successful closing of the second and final tranche of its bought deal financing initially announced on October 7, 2019 and later on October 9, 2019 with respect to an upsize in the offering
*Well, Sun Metals will eventually have to release drill results from their ongoing substantial drill program… then we will know if this is real or not following that spectacular earlier drill hole
121 MINING INVESTMENT CONFERENCE
Wallbridge – WM ($.16) – $.91 – announced that hole FA-19-99 of the ongoing 75,000-metre 2019 drill program on its 100%-owned Fenelon Gold Property (“Fenelon” or the “Property”) has intersected visible gold and abundant sulfide mineralization over a 16-metre core length. This extends the Lower Tabasco Zone a further 230 m down-dip to a vertical depth of 850 metres, also announced that Tony Makuch, CEO of Kirkland Lake Gold Ltd. has joined the Company’s Board of Directors following Kirkland Lake becoming a 9.9% shareholder of Wallbridge pursuant to its private placement financing
*Picked this at beginning of the year and the stock is up over 500%… considering taking some profits
JAMES BAY EXPLORATION STOCKS
Stock – (Price When Picked) – Current Stock Price – Links
Midland Exploration – MD ($1.255) – $.94 CHART NEWS NEWS DECK
Azimut Exploration – AZM ($.35) – $.55 CHART NEWS NEWS NEWS NEW DECK
Quebec Precious Metals – CJC ($.30) – $.25 CHART COMMENTARY NEWS INTERVIEW DECK
Gaia Metals – GMC ($.08) – $.085 CHART NEWS COMMENTARY DECK
OIL & GAS STOCKS
NOTE: These Oil & Gas stocks were listed in the TFSA Letter on Dec. 2, less than a month ago. TFSA Letter is seriously looking at taking a short term trading profit in a few that have taken a substantial run and then waiting to see if they will pull back and reset at a lower price…. watching price of oil closely for timing
Stock – (Price When Picked) – Current Stock Price – Dividend (Yld)
Athabasca Oil – ATH ($.395) – $.59 Sell?
Baytex Energy – BTE ($1.65) – $1.87
MEG Energy – MEG ($5.50) – $7.39 Sell?
Nuvista Energy – NVA ($2.44) – $3.19
Surge Energy – SGY ($1.06 – 9.4% Div) – $1.14 (8.8%)
Torq Oil & Gas – TOG ($3.75 – 8.3% Div) – $4.49 (6.7%) Sell?
BUSHELL at NEWHAVEN ASSET COMMENTARY
