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 >
Musgrove: Riding the Copper Wave
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DANNY DEADLOCK, Microcap
(02/28/2011)
"Musgrove has several exploration projects but it is their two properties in Idaho I am most interested in. . .Musgrove Creek and the Empire Mine. Downside risk should be minimal and its Empire Mine project looks quite promising and should carry even more value. Both these projects will be drilled through spring and summer and I have little doubt they'll be able to promote this story. In particular because the Empire Mine project has strong copper exploration potential (high grades at depth already, which have not been drilled in 60 years). Copper is doing exceptionally well and any decent rally in the copper sector this year will have speculators paying premium prices for all kinds of juniors. Valuation/growth potential - Musgrove Creek, has about .5 Moz. of gold on it. If we assign a value of $25/oz., fair value is likely close to $12 million. So with MGS worth $6 million (after deducting their $2 million in cash), while trading at $0.26, our downside risk should be minimal. However, their other project (the Empire Mine) looks quite promising and should carry even more value." |
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