The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More>
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More>
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More>
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More>
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More>
A Resource Portfolio with Upside Potential
|
The Grandich Letter (02/28/2008)
“...Yes, a merger! Beley and Barclay asked their team to find a company which had near-term production assets, a resource portfolio with upside potential, and within British Columbia to ensure synergies with the operational team in place. Shortly thereafter the opportunity to acquire Cusac Gold Mines Ltd. appeared. If you add up the dollars spent to purchase the assets of Cusac, which is expected to close the end of March 2008, Hawthorne paid about $20 per ounce in the ground. This purchase matches perfectly with their growth model because the company will gain control and ownership of a permitted mine, mill and tailings pond named the Table Mountain Mine. This mine has been operated on and off for over 20 years at a grade of around 15 g/t Au, which equals about 0.5 ounces per ton... ...And, as we all know, getting a mine permitted and into production can take two to three years, so Table Mountain Mine should get Hawthorne into production in 2009. The other key asset that is coming with the Cusac merger is the Taurus Gold Deposit which has around one million ounces in the ground at around 1.0 g/t Au, NI 43-101 compliant, and the company believes there is great upside potential to significantly increase this resource. Hawthorne Gold may be only about 10 months old, but with a significant gold resource portfolio, a permitted mine and mill and a management team that has been very successful in the past, it is acting like a seasoned player... ...Hawthorne Gold may be only about 10 months old, but with a significant gold resource portfolio, a permitted mine and mill and a management team that has been very successful in the past, it is acting like a seasoned player... ...the Company’s assets are all located within British Columbia, a pro-mining and government supported environment. The properties are both located within historical gold camps, namely Cariboo and Cassiar, and bring a long history of mining and exploration history...” |
PRINT THIS PAGE
EMAIL THIS PAGE
Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"We expect PGLC's Relief Canyon site to be meaningfully advanced in 2016." (12/16/15) Pershing Gold Corp. - Heiko Ihle, Rodman & Renshaw More>
"ICG continues to stand out as one of the most active junior exploration companies globally." (12/9/15) Integra Gold Corp. - Michael Gray, Macquarie Equity Research More>
"We are initiating coverage on NMI with a Buy rating." (12/9/15) Newmarket Gold Inc. - Heiko Ihle, Rodman & Renshaw More>
"TV's mill throughput was up 19% MOM; zinc recovery improved by 9%." (12/9/15) Trevali Mining Corp. - Joseph Gallucci, More>
"THO pays a good dividend and produces at the lowest quartile costs." (12/9/15) Tahoe Resources Inc. - Gwen Preston, Resource Maven More>