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) – $.155 – has acquired 2 silver projects in northern Chile and is currently designing exploration programs for both projects, advises that SRK Consulting (Canada) Inc. is preparing a revised NI 43-101 report based on comments received from the BCSC
Adamera Minerals – ADZ ($.04) – $.025 – 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, whereby HOC can earn a 60-per-cent interest in the project by incurring $8-million (U.S.) in exploration expenditures over five years
1911 Gold – AUMB ($.26) – $.315 – intersected high-grade gold mineralization in initial drill holes of the Phase 1 exploration drilling program at its Rice Lake gold properties in Manitoba, highlighted by a visible gold intercept that returned 9.40 g/t Au over 0.7 m
Macdonald Mines – BMK ($.11) – $.08 – announced a strong start to its 2020 definition drilling program in the North Pit area. Hole SM-20-026 intersected 59.2 g/t gold over 19.07 metres in the Bristol Structure, 18 metres north-east of the intersection of 52 g/t gold over 12 metres in SM-19-001
Cardinal Resources – CDV ($.275) – $.315 – announced the Water Extract Permits for the Company’s Namdini Gold Project in Ghana, West Africa have been granted by the Ghanaian Water Resources Commission; with the release of the Feasibility Study and accompanying NI43-101 Technical Report, a number of additional banks, financiers and corporates have shown interest in Project Finance participation and have subsequently been granted access to the data room
Quebec Precious Metals – CJC ($.25) – $.30 – reported the start of operation of the second drill rig on its 100% owned flagship Sakami project in Quebec’s Eeyou Istchee James Bay territory. The 25,000 m drill program is fully funded. Using the first drill rig, a total of 14 holes (3,103 m) have been completed by QPM since the beginning of the year. Results are pending
Canada Nickel Company – CNC ($.51) – $.49 – announced the signing of a Memorandum of Agreement with Noble Mineral resources to acquire an additional
property and enter into option agreements on 5 other targets near its 100% owned Crawford Nickel-Cobalt Sulphide Project near Timmins, Ontario
Dore Copper – DCMC ($.85) – $.80- announced initial intercepts from its 2020 drill program. The maiden 2020 drill program has successfully expanded mineralization at Corner Bay including one of the highest-grade intercepts to date with hole CB-20-17 that returned 9.08% Cu over 7.0 meters (TW approx. 4.6 meters).
Dios Exploration – DOS ($.095) – $.085 – Work completed by Dios on K2 has delineated wholly-owned 3 km long WI target electromagnetic conductor and, among others, ATTILA gold-copper-silver prospect, which is southwest of Azimut Exploration’s Patwon gold discovery, bearing similarities in some host rocks (felsic intrusive), alterations and 3 networks of quartz veins
Dolly Varden – DV ($.275) – $.27 – announced that it has appointed Shawn Khunkhun as President, CEO, and Director, and has appointed Robert McLeod as a Director and technical advisor, both effective February 18, 2020 as well as appointing Ann Fehr as Chief Financial Officer and Corporate Secretary
Cartier Resources – ECR ($.15) – $.12 – announced 7.1 g/t Au over 11.5 m including 22.0 g/t Au over 2.0 m, 550 m below Zones 5B4-5M4-5NE; demonstrating the continuity of mineralization to a depth of 1.3 km
Geomega Resources – GMA ($.16) – $.13 – announced that Geomega and Jobmaster Magnets Canada Inc. have reached an agreement to increase rare earth magnet recycling in Canada and abroad which will lead to additional feed supply for Geomega’s plant, will be putting in place a collection and recycling program with end users and traditional recyclers to return scrap magnets to either Geomega or Jobmaster Magnets to be ultimately recycled using Geomega’s process to produce rare earths
Angus Ventures – GUS ($.32) – $.40 – announced that it has closed the acquisition of all of the interests of Talisker Gold Corp. in option agreements with IAMGOLD Corporation and Exiro Minerals Corporation in the Wawa, Ontario area.
Japan Gold – JG ($.32) – $.32 – announced that Southern Arc has agreed to the terms of an unsecured loan to Japan Gold in the principal amount of C$1 million. The Loan is for a 6 month term ending on September 9, 2020. The proceeds from the Loan will be used by Japan Gold for working capital and general corporate purposes
Excelsior Mining – MIN ($1.00) – $.67 – announced that the Company has entered into a purchase and sale agreement with Trafigura Trading LLC for 100% of copper cathode production during 2020 from the Gunnison Copper Project in Southern Arizona. The Offtake Agreement has been concluded on commercially competitive terms. The Company is forecasting first copper production in Q2 of this year
Metals X – MLX (Australia) – A$.076 – A$.065 – has boosted its tin resource by 8 per cent in a promising sign for extended operational life. Renison mine half-owner Metals X Limited reported the exploration-driven increase as at December 10 in a resource update issued in late January. The increase came despite the mining activity which had taken place at the veteran West Coast mine since the previous estimate, dated March 31 last year. “Renison Tin Operations is Australia’s largest primary tin producer and a globally significant supplier, and it is pleasing we are able to substantially more than replace mined tonnes,” Metals X executive chairman Patrick O’Connor said. “The significant increase of 8 per cent in total mineral resources includes a substantial increase of 10 per cent in grade and a 34 per cent increase in contained tin in the Area 5 and Bell 50 areas. “This updated resource will be used in the completion of the Area 5 mining optimization study and incorporated into the new life of mine plan expected in the June 2020 quarter.” *Approximate cash price of tin currently $16,907/t
Manitou Gold – MTU ($.045) – $.055 – announced that it has completed a private placement pursuant to which it has issued (i) 28,888,666 units at a price of $0.06 per Hard Unit to raise aggregate gross proceeds of $1,733,319; and (ii) 11,999,998 “flow-through” common shares at a price of $0.075 per FT Share to raise aggregate gross proceeds of $899,999.85, Alamos Gold Inc (TSX: AGI, NYSE: AGI) subscribed in the Offering to maintain its 19.9% interest in the Company.
Northern Shield – NRN ($.09) – $.075 – announced that approximately 1,150 metres of the planned 2,000 to 2,500-metre diamond drilling program has been completed at the Highway Zone, with the fifth hole now underway. Three hundred and thirty samples are in, or in transit, to the lab for multi-element analysis including gold, silver and base metals; three of the five holes (SR20-02, 04 and 05) have intersected various forms of LSE quartz veining and associated intense alteration on a semi-continuous basis from surface to down-hole depths of approximately 132, 144 and 100 metres
Rockcliff – RCLF ($.07) – $.045 – recent drilling has resulted in indicated grade increased by 28%; indicated contained metal content increased by 21%; currently drilling 750 metres of strike length from Tower Deposit to highly prospective Tower South Anomaly, not included in this Mineral Resource update; Tower Deposit remains open along strike and at depth.
RJK Explorations – RJX.A ($.19) – $.15 – is continuing their winter drill program with further drilling in addition to the 3 drill holes – the KON-20-04, 5 and 6 – which were testing geophysical drone magnetic targets; appointed Robert Mackay as Executive Chairman of the Board
Scottie Resources – SCOT ($.185) – $.15 – 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) – $.075 – indicates that the 2020 exploration program will focus on growing the high-grade 421 zone and exploring for similar thick high-grade, massive sulphide zones within this Carbonate Replacement Deposit system. A $3.8 million program is planned, which will include approximately 12,000 metres of diamond drilling expected to begin in late spring with up to three drill rigs on site, as well as borehole electromagnetic geophysical surveys and continued geological studies
VR Resources – VRR ($.35) – $.18 – confirms that drilling is underway at its Ranoke copper-gold project in northern Ontario. The first-pass, reconnaissance drill program started in November has resumed, and drilling is now underway on hole RK20-002 which targets the center of the large, sharply defined and high intensity gravity anomaly at Ranoke for a high density, hydrothermal iron oxide breccia body with copper and gold
OIL & GAS STOCKS
Severely depressed, question now is, who will survive? and when will the survivors turn around?
Stock – (Price When Listed) – Current Stock Price – Dividend Yld
Athabasca Oil – ATH ($.59) – $.205
Birchcliff Energy – BIR – ($2.32) – $1.06 10.0% Div
Baytex Energy – BTE ($1.87) – $.63
Crescent Point – CPG ($3.51) – $1.65 2.4% Div
Gran Tierra – GTE ($1.03) – $.47
MEG Energy – MEG ($7.39) – $2.48
NuVista Energy – NVA ($2.31) – $.92
Surge Energy – SGY ($1.14) – $.45 2.2% Div
Torq Oil & Gas – TOG ($4.49) – $1.67 18% Div
Tamarack Valley – TVE ($1.73)- $.88
Whitecap Resources – WCP ($5.55) – $2.12 16.1% Div
Yangarra Resources – YGR ($1.03) – $.475