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 as of 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) – $.425 – announced that it has begun first phase exploration drilling at its 100% owned Rice Lake gold properties. This district-scale land package is located in the Archean Rice Lake greenstone belt of southeastern Manitoba, within the prolific West Uchi geological domain, which also hosts the Red Lake gold camp in adjacent Ontario. The Phase 1 program will entail up to 10,000 metres of drilling to test multiple targets in the Bidou, Tinney, Horseshoe and Poundmaker project areas
Macdonald Mines – BMK ($.11) – $.08 – announced the complete results from hole SM-19-012 drilled last fall at its SJP property, 40 kilometres east of Sudbury, Ontario. Hole SM-19-012 intersected four zones of gold mineralization north of the Scadding Mine and the top of the Bristol breccia at depth. The latest results include 9.4 g/t gold over 4.9 metres, including 35.7 g/t gold over 0.5 metres and 24.1 g/t gold 0.4 metres with the complete intersection of SM-19-012 grading 1.63 g/t gold over 65.6 metres.
Cardinal Resources – CDV ($.275) – $.335 – the Company in conjunction with appointed financial advisers, Cutfield Freeman & Co, have received a number of term sheets from banks and financiers. With the release of the Feasibility Study and accompanying NI43-101 Technical Report, additional banks, financiers and corporates have shown interest in Project Finance participation and have subsequently been granted access to the data room. In addition, the Company is concurrently evaluating strategic alternatives to bring the Namdini Project into production with a view to maximizing economic outcomes for Cardinal shareholders. Cardinal’s Chief Financial Officer, Jon Grygorcewicz stated: “With the current gold price maintaining a price above US$1,500/oz as compared to the gold price of US$1,350/oz used in the Company’s Feasibility Study, it creates an even more compelling financial model and project valuation which provides a greater level of confidence to banks, financiers and corporates.
Canada Nickel Company – Not Currently Listed – announced that it has obtained a final order of the Ontario Superior Court of Justice (Commercial List) with respect to the Company’s proposed plan of arrangement authorizing the completion of a proposed reorganization, Canada Nickel has completed a $5 million financing and is filing documentation for a listing on the Toronto Venture Exchange
Quebec Precious Metals – CJC ($.25) – $.38 – announced the acquisition, by map designation, of 100% interest in a new project, designated “Elmer East”, with strong gold potential totalling 368 claims. This project is located along trend from the recent Patwon prospect gold discovery made by Azimut Exploration Inc.
Dolly Varden – DV ($.275) – $.25 – based on the results received to date, a combination of flotation and leaching is currently considered the most favorable processing option for the Torbrit deposit material, whereas whole-rock leaching appears to be preferable for the Dolly Varden deposit material, given the slightly higher whole-rock silver leach recovery and the issues in separating lead and zinc in these composites
Cartier Resources – ECR ($.15) – $.145 – announced that it has filed on SEDAR the technical report titled “NI 43-101 Technical Report and Mineral Resource Estimate, Chimo Mine Project, Central Gold Corridor, Val-d’Or, Quebec which includes the mineral resource estimate for the Central Gold Corridor property along the Larder Lake – Cadillac Fault
Geomega Resources – GMA ($.16) – $.175 – announced that it has selected an industrial site in Saint-Bruno-de-Montarville as the location for its rare earth magnets (REM) recycling demonstration plant using its proprietary ISR technology and signed a long term lease
Angus Ventures – GUS ($.32) – $.445 – announced that it has entered into an agreement with Talisker Gold Corp. 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) – $1.13 – confirmed the successful commencement of mining operations at the Gunnison Copper Project in southern Arizona. Delivery of mining fluids to the copper orebody has commenced; fluids will now circulate through a closed-loop system until the concentration of copper held in solution meets sufficient grade to be treated through the Johnson Camp processing facilities to then extract copper and produce copper cathode sheets. First copper cathode sales are expected in Q1, 2020
Metals X – MLX (Australia) – A$.076 – A$.086 – 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 $17,762/t
Manitou Gold – MTU ($.045) – $.07 – announced the start of the next phase of exploration at its 100% controlled Goudreau project north of Wawa, Ontario. The work will consist of a 1,300 metre drill program, in addition to airborne magnetic and electromagnetic geophysical surveys covering the entire 225 km² (22,500 ha) of contiguous mining claims and both magnetometer and IP surveys covering 100 line-kilometres, over a portion of the Baltimore Deformation Zone
Northern Shield – NRN ($.09) – $.09 – announced that it has closed a non-brokered private placement financing for proceeds of $300,000. The Private Placement consisted of 3,333,333 units at $0.09 per Unit by Rob McEwen.
Rockcliff – RCLF ($.07) – $.09 – announced that KG Exploration (Canada) Inc., an affiliate of Kinross Gold Corporation has completed its 2019 exploration program including over 3,000 metres (“m”) of drilling at Rockcliff’s Laguna property (“Laguna”) in Snow Lake, Manitoba. KGE optioned Laguna from the Company in July 2018
RJK Explorations – RJX.A ($.19) – $.27 – announced that it has begun the first phase of its 2020 drilling campaign. Phase one of the winter program will test three primary targets – the Kon kimberlite dike outcrop, followed by targets Kon 1 and Kon 2
Scottie Resources – SCOT ($.185) – $.22 – announced that it has closed a non-brokered private placement financing with Eric Sprott, consisting of 10,000,000 units at a price of $0.20 per Unit, for gross proceeds of $2,000,000
Sun Metals – SUNM ($.225) – $.135 – reports that drilling shows extension of high-grade copper-gold mineralization in the 421 zone. The zone is open in several directions but notably extends up plunge into an area that is closer to surface, toward the previously known Canyon Creek zone
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) – $.44
Birchcliff Energy – BIR – ($2.32 – 6% Div) – $1.76
Baytex Energy – BTE ($1.87) – $1.53
MEG Energy – MEG ($7.39) – $7.05
Surge Energy – SGY ($1.14 – 9.6% Div) – $1.04
Torq Oil & Gas – TOG ($4.49 – 7.4% Div) – $4.06
Whitecap Resources – WCP ($5.55 – 6.9% Div) – $4.95