NOTE: Not a recommendation to buy or sell stocks
The TFSA Letter Stock List is simply a list of stocks for a Tax Free Savings Account that could generate substantial capital gains. Stocks listed can be dropped or added back without notice depending on news flow and stock price changes. Information on the TFSA Letter Listed Stocks will be updated weekly.
Daily update re comments or news will be made on Twitter – @LetterTfsa
****Some of the 2020 listed stocks will be 2019 listed stocks carried forward but with the starting list price being the stock price on Jan. 1, 2020, even though they were listed in 2019 at a different price – in other words, starting from scratch, ignoring their performance in 2019****
2020 Stocks (Stock Price When Listed) – Current Stock Price – Update
1911 Gold – AUMB ($.26) – $.265 – announced that it has begun first phase exploration drilling at its 100% owned Rice Lake gold properties. This district-scale land package is located in the Archean Rice Lake greenstone belt of southeastern Manitoba, within the prolific West Uchi geological domain, which also hosts the Red Lake gold camp in adjacent Ontario. The Phase 1 program will entail up to 10,000 metres of drilling to test multiple targets in the Bidou, Tinney, Horseshoe and Poundmaker project areas
*Intriguing accumulation of assets with a substantial drilling program now underway
Macdonald Mines – BMK ($.11) – $.09 – received results from its channel sampling program on the Villeneuve Structure located on the Company’s SPJ Property, 40 kilometres east of Sudbury, Ontario. All channel samples returned gold (up to 147.8 g/t), as well as variable cobalt, copper and nickel
*Awaiting further drill results from the drilling program at Scadding
Cardinal Resources – CDV ($.275) – $.325 – announced that it has filed a National Instrument 43-101 Technical Report in respect of the Feasibility Study for the Namdini Gold Project in Ghana, West Africa
*5.1 million ounce gold resource, Gold Fields (Australia) is a 16.41% shareholder
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 $5 million financing and is filing documentation for a listing on the Toronto Venture Exchange (TSX-V)
*Potential listing in January for this pure nickel play… Spruce Ridge (SHL) shareholders will be getting shares of Canada Nickel
Quebec Precious Metals – CJC ($.25) – $.25 – is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Québec, near Newmont Goldcorp Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets
*Newmont Goldcorp Corporation has a 19.9% share position
Compass Gold – CVB ($.57) – $.60 – the Company’s objective is to complete 13,000 metres of RC drilling by the end of April and will be announcing the results of this initial drilling in tranches as the drilling continues, 16 holes from 2,404 metres of drilling is currently in for assay
*Broad mineralized intervals (32 m @ 3.02 g/t Au) in addition to high-grade & bonanza gold (18 m @ 20.69 g/t Au)
Cartier Resources – ECR ($.15) – has a strong cash position with more than $ 8 million, as well as a significant corporate and institutional endorsement including Agnico Eagle Mines, JP Morgan UK and Quebec investment funds, with exploration work currently focused on the Chimo Mine property
*Has 461,280 oz Au indicated resource of 4.40 g/t Au and 417,250 oz Au inferred of 3.53 g/t Au with exploration continuing
Geomega Resources – GMA ($.16) – $.17 – Company is moving towards construction of the demonstration plant and becoming the first rare earths recycling plant in North America and Europe, vision is to use ISR technology to one day process mining rare earths concentrates from the Company’s Montviel deposit and ultimately other mines wherever they may be located
*Interesting play on starting a permanent magnet recycling operation for rare earths in 2020
GTEC Holdings – GTEC ($.20) – $.20 – announced that it has extended and revised its agreement with an Okanagan-based cannabis consulting firm to facilitate acquisition and cultivation of cannabis genetics (“cultivars”), via its wholly owned subsidiary, Tumbleweed Farms Corp.
*Integrated pot company currently selling premium products… a survivor?
Angus Ventures – GUS ($.32) – announced that it has entered into an agreement with Talisker Gold Corp. (“Talisker”) pursuant to which it will acquire a 100% interest in the Wawa Properties of Talisker, with the project area situated immediately between the Eagle River underground mine and the Mishi open pit mine of Wesdome
Excelsior Mining – MIN ($1.00) – $1.03 – confirms that approval to commence mining operations through the injection of acid has been received from the Environmental Protection Agency. Delivery of mining fluids to the copper orebody is scheduled to begin before year-end at the Gunnison Copper Project in southern Arizona. First copper cathode sales are expected in Q1, 2020
*Now going into production as an in-situ copper producer in the US
Metals X – MLX (Australia) – A$.076 – A$.079 – an activist shareholder, APAC Resources Limited (15%) replaced board members, the Nifty Copper Mine is being put on a care and maintenance basis and the main focus is now on the Company’s 50% joint venture stake in the world class long-life Renison Tin Operation in Tasmania, Australia’s largest tin producer, There is a downgrade in production guidance with production of tin in concentrate of 7,000 – 7,400 tonnes (previous guidance 8,000 – 8,500 tonnes) and all-in-sustaining cost of $18,200 – $19,100/t Sn (previous guidance $17,000 – $17,500/t Sn). The Company is committed to completing the necessary studies and work to bring the new Area 5 higher grade resource into the future production schedule for a higher grade production.
*Approximate price of tin currently $16,800/t, will need this to go to $18,000 or better
Manitou Gold – MTU ($.045) – $.06 – has consolidated 22,500 hectares of prospective gold properties in the Michipicoten Archean Greenstone Belt between the Island Gold Mine (operated by Alamos Gold Inc.) to the west and, to the east, the former producing Renabie Gold Mine (owned by Barrick Gold)
*37 km of strike length with at least seven under-explored large-scale deformation zones, 50 government-documented gold occurrences
Northern Shield – NRN ($.09) – $.095 – has discovered two new vein systems in Cape Breton, Nova Scotia, that are being explored for low-sulphidation epithermal gold and silver, Company has become a leading explorer of low-sulphidation epithermal gold-silver systems in Atlantic Canada, now holds a portfolio of six such projects including three in Nova Scotia, one in Newfoundland (that hosts multiple systems), and two in the Gaspe Peninsula of Quebec that appear to be of epithermal affinity
*Potential of a large system scale at Shot Rock gold property as well as the possibility of more high grade at Root Cellar
Rockcliff – RCLF ($.07) – $.075 – announced that is has completed all work required for the Company to earn a 51% ownership interest in the Talbot Property pursuant to the Company’s option agreement with Hudbay Minerals Inc., also announced additional high-grade assay results from the Talbot Property of 4.04% Copper Equivalent across 11.13 metres including 10.5% CuEq across 3.46 metres
*Higher copper price would initiate the revival of its +1000 tpd permitted, leased processing and tailings facility using several of its advanced-staged, high-grade copper and zinc dominant VMS deposits
RJK Explorations – RJX.A ($.19) – $.20 – added Mr. Gino Chitaroni to its advisory board. Gino is a lifelong resident of the Cobalt-Coleman area and his mining roots in the community are deep as his father and brothers were former silver mine owners and operators in the 1960-70s. Gino is a graduate of the Haileybury School of Mines, went on to obtain a Degree in Geology with a minor in Business at Lake Superior State University. Gino is currently the President of the Northern Prospectors Association along with being a board member of the Ontario Prospectors Association. The Company amended the conversion period of the Preferred C Royalty shares to A shares from 4 years to 25% biannually starting June of 2020. The initial closing date will be December 6, 2019. All other terms remain the same
*Completed financing that will lead to drilling of a number of kimberlite targets in early Spring of 2020
Scottie Resources – SCOT ($.185) – $.22 – announced that recent drilling continues to confirm and expand the Bend Vein target on the Bow Property, results from drill hole SR19-11 include 73.32 g/t gold and 71.01 g/t silver over 4.38 m core length, which includes 152.5 g/t gold and 143.56 g/t silver over 1.89 m
*Still awaiting assay results from drill holes on the Scottie and Bow Properties
Sun Metals – SUNM ($.225) – $.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
OIL & GAS STOCKS
NOTE: Some of these oil & gas stocks have taken substantial runs in December, 2019. However, it appears that for money, with oil over $55 – $60 a barrel that free cash flow for many will create fantastic trading opportunities in 2020 and that can not be ignored… the entire sector is getting some attention finally so if oil price does better in 2020, there will be some great trading opportunities in these stocks.
Stock – (Price When Listed) – Current Stock Price – Dividend (Yld)
Athabasca Oil – ATH ($.59) – $.61 *Needs to consolidate
Baytex Energy – BTE ($1.87) – $1.95 *Trade sideways for now?
MEG Energy – MEG ($7.39) – $7.65 *Needs to consolidate
Nuvista Energy – NVA ($3.19) – $3.07 *Trade sideways for now?
Painted Pony – PONY ($.76) – $.76 *Highly leveraged
Surge Energy – SGY ($1.14 – 8.8% Div) – $1.15 *Highly Leveraged
Torq Oil & Gas – TOG ($4.49 – 6.7% Div) – $4.48 *Needs to consolidate
Whitecap Resources – WCP ($5.55 – 6.2% Div) – $5.53 *Needs to consolidate