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 >
EPZ: San Luis Is Bonanza Grade
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MATT BADIALI, Stansberry & Associates Investment Research
(03/29/2010)
"Esperanza Silver. . .is another tightly held company, with just 52 million shares out, 59 million fully diluted. Most of the extra shares are warrants from a recent fundraising. In February, the company raised $5 million by issuing 4 million new shares and another 4 million warrants, which are essentially options to buy more shares. The warrants are good for two years at a share price of $1.75. If shares trade for $2.20 for more than 20 straight days, the company can buy out the warrants in a 20-day period. The current share price is about 35% less than the warrant's strike price, so we're in good shape buying now. Esperanza. . .already discovered two potential mines in San Luis and at its other project, Cerro Jumil in Mexico. San Luis is a 'bonanza grade' (incredibly high-grade) system. The resource contains two-thirds of an ounce of gold and 18 ounces of silver in every ton of rock. That means the rock is worth, at today's prices, around $1,050 per metric ton. There's just shy of half a million metric tons so far. . .That's so rich, you and I could mine this rock for a profit. The discovery at San Luis is just a tiny fraction of the lease area, which is the size of Manhattan. As the companies explored further, they've found some new prospects. I expect San Luis will give up some more discoveries over the next few years." |
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