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
Aftermath Silver – AAG ($.285) – has acquired 2 silver projects in northern Chile and is currently designing exploration programs for both projects
Adamera Minerals – ADZ ($.04) – has entered into an option / joint venture agreement with Hochschild Mining (US) Inc., a wholly-owned subsidiary of Hochschild Mining PLC (LSE:HOC) on its Cooke Mountain gold project in Washington State
1911 Gold – AUMB ($.26) – $.375 – intersected high-grade gold mineralization in initial drill holes of the Phase 1 exploration drilling program at its Rice Lake gold properties in Manitoba
Macdonald Mines – BMK ($.11) – $.06 – announced the complete results from hole SM-19-012 drilled last fall at its SJP property, 40 kilometres east of Sudbury, Ontario. Hole SM-19-012 intersected four zones of gold mineralization north of the Scadding Mine and the top of the Bristol breccia at depth. The latest results include 9.4 g/t gold over 4.9 metres, including 35.7 g/t gold over 0.5 metres and 24.1 g/t gold 0.4 metres with the complete intersection of SM-19-012 grading 1.63 g/t gold over 65.6 metres.
Cardinal Resources – CDV ($.275) – $.33 – 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) – $.315 – announced that a magnetic heliborne survey is in progress to cover the Elmer East project. The Project consists of 929 claims (488 km2). It is located along trend from the recent Patwon prospect gold discovery made by Azimut Exploration Inc. on its Elmer project
Dolly Varden – DV ($.275) – $.26 – announced the most notable exploration drilling results were from the Chance target area, which produced a 5 metre intercept of over 1,600 grams per tonne silver in Hole DV19-165, a full 4 kilometres north of the main resource area
Cartier Resources – ECR ($.15) – $.17 – has awarded InnovExplo the mandate to complete a resource estimate on the North and South Gold Corridors and a supporting NI 43 – 101 technical report for its 100% owned flagship Chimo Mine gold property located 45 kilometers east of Val-d’Or, Quebec.
Geomega Resources – GMA ($.16) – $.195 – Geomega and its wholly owned subsidiary Innord Inc. are very pleased to announce that they have secured the required project debt financing to build the rare earth magnet recycling demonstration plant in St-Bruno-de-Montarville, Quebec. Project financing will be provided by Investissement Quebec, who will be acting as agent of the Quebec Government, through the ESSOR program of the Ministry of Economy and Innovation of Quebec. The debt financing is for a total of $1,720,000
Angus Ventures – GUS ($.32) – $.425 – announced that it has closed the acquisition of all of the interests of Talisker Gold Corp. in option agreements with IAMGOLD Corporation and Exiro Minerals Corporation
Excelsior Mining – MIN ($1.00) – $.99 – is initiating the following optimizations to the production well field: Improved preventative maintenance to limit pump and well field down-time; and Injection wells will be retrofitted with pumps allowing them to be used as recovery wells when needed; and Wellheads and related piping are to be reconfigured to allow for both injection and recovery operations in each well, this addition will make the well field entirely reversible in terms of fluid flow; thereby allowing for greater flexibility during operations
Metals X – MLX (Australia) – A$.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 $16,250/t
Manitou Gold – MTU ($.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) – $.095 – announced that drilling has commenced at the Shot Rock Property in Nova Scotia and that an airborne magnetic survey has been completed at the Root & Cellar Property in Newfoundland
Rockcliff – RCLF ($.07) – $.06 – announced that the Company recently completed a NI 43-101 Technical Report and a copper-gold grab sampling program on the Company’s SLG Gold Property. The property is immediately adjacent to three former gold producers, a 2,000 tonne per day gold mill facility and is located in Snow Lake, Manitoba
RJK Explorations – RJX.A ($.19) – $.28 – announced that the Company has entered into a third option agreement with Power Group Projects Corp., (PGPC) for certain claims comprising some 640 hectares located in Gillies Limit Township approximately 11 kilometers south of Cobalt, Ontario. RJK has identified four geophysical targets of interest within this claim group, located west and adjoining the Kon claim group where the company has made a new kimberlite discovery
Scottie Resources – SCOT ($.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) – $.10 – reports that drilling shows extension of high-grade copper-gold mineralization in the 421 zone. The zone is open in several directions but notably extends up plunge into an area that is closer to surface, toward the previously known Canyon Creek zone
OIL & GAS STOCKS
Stock – (Price When Listed) – Current Stock Price – Dividend Yld
Athabasca Oil – ATH ($.59) – $.415
Birchcliff Energy – BIR – ($2.32) – $1.73 6.1% Div
Baytex Energy – BTE ($1.87) – $1.41
MEG Energy – MEG ($7.39) – $6.91
Surge Energy – SGY ($1.14) – $1.00 10% Div
Torq Oil & Gas – TOG ($4.49) – $3.94 7.6% Div
Whitecap Resources – WCP ($5.55) – $4.72 7.2% Div