AEX Gold (AEX) – A High-Grade Gold Junior that will be Producing within 24 months!

Aex Gold Inc.
  • TSX-V: AEX
  • Shares Outstanding: 82M
  • Share price C$0.68 (10.06.2020)
  • Market Cap: C$56M

Interview with Eldur Olafsson, CEO of AEX Gold (TSX-V: AEX).

When you find gold of this grade, gold investors are always going to sit up and pay attention. AEX Gold is developing its flagship Nalunaq Gold Mine in the frosty country of Greenland. The gold is 18g/t!

Gold investors might have had palpitations when they saw that number. Is there a good corporate and technical strategy behind what looks like, on paper at least, a compelling gold resource?

We Discuss:

  1. Company Overview
  2. CEO’s and The Team’s Expertise and Background
  3. Foundation and Vision: Opportunities with the Project and Business Plan
  4. Means of Monetisation and Building Value With Little Scale
  5. Shortcutting into Production: Timeline of 14-24mths
  6. Shareholder Relations and Funding the Project
  7. Share Price Doubled: What Attracted Investors to AEX Gold?
  8. Listing in Canada, Why not AIM or LSE?
  9. 2020 Plans and Potential Raises
  10. The Exit: Do They Have a Final Vision?

If you are interested in AEX Gold and the gold mining space is something that interests you, why not read a different gold article, or even watch one of our latest gold interviews?

Company Website: https://www.aexgold.com/

If you see something in this article that you agree with, or even disagree with, please let us know in the comments below.

Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux Investor communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.

Krakatoa Resources (KTA) – On the doorstep of Australia’s Largest Gold Mine

Krakatoa Resources Ltd.
  • ASX: KTA
  • Shares Outstanding: 219M
  • Share price A$0.04 (10.06.2020)
  • Market Cap: A$8M

Interview with Colin Locke, Exec. Chairman of Krakatoa Resources (ASX: KTA).

Krakatoa Resources is a copper-gold and rare earths explorer. Its primary focus is on copper-gold porphyry discoveries in the Lachlan Fold Belt, Australia.

The two core projects? The Turon Gold Project and the Belgravia Porphyry Project. Interestingly, Krakatoa Resources sits on the doorstep of Australia’s largest gold mine: Cadia, owned by Newcrest Mining Limited (ASX: NCM).

What do gold investors make of this story? High gold potential, or one to miss?

We Discuss:

  1. Company Overview
  2. The Foundation: Business Plan and Process for Growth
  3. Focus on the Lachlan Fold Belt: What do They Know About What They Have?
  4. 2020 Plans and Potential Raises
  5. Shareholder Breakdown: Management Holdings
  6. Team’s Track Record and Experience
  7. Theories to Facts: Decisions to be Made for the Projects

If you are interested in Krakatoa Resources and the gold mining space is of interest to you, why not read a different gold article, or even watch one of our latest gold interviews?

Company Website: https://ktaresources.com/

If you see something in this article that you agree with, or even disagree with, please let us know in the comments below.

Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux Investor communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.

Brixton Metals (BBB) – A Gold Explorer That Needs To Give Us More Details

Brixton Metals Corp.
  • TSX-V: BBB
  • Shares Outstanding: 145M
  • Share price C$0.17 (09.06.2020)
  • Market Cap: C$25M

Interview with Gary Thompson, President & CEO of Brixton Metals (TSX-V: BBB).

Brixton Metals: a gold-silver explorer/developer that has been dissapointing investors for the last decade.

Mains focus? Advancing its 100%-owned projects in the Golden Triangle of British Colombia. The two flagship projects are the Thorn Copper-Gold-Silver Project and the Hog Heaven Silver-Gold-Copper Project, acquired from Pan American Silver in 2017.

While the projects themselves look strong, investors will want to see some more specifics and more of a substantive plan before getting too excited about this copper-gold-silver junior.

 We Discuss:

  1. Company Overview
  2. 10yrs, $30M Market Cap: What Have They Been Doing?
  3. 3 Part Business Strategy: Exploration, JVs, and M&A
  4. Project Overview and Breakdown
  5. Searching for Strategics for Thorn Gold: What Can They Show Potential Buyers?
  6. $20M Spent on Thorn Gold: How Much More Does it Need?
  7. Hog Heaven Project: Plan on Accelerating Development
  8. M&A Possibilities for a Company Lacking Credibility and a Track Record of Success
  9. Cash Positions and Focusing the Money
  10. Sacrifices Made: Remuneration and Management Shareholding
  11. Message to Shareholders: Timeline for Meaningful Deliverables
  12. Telling the Story: Does the Market Understand Brixton Metals’ Strategy?

If you are a fan of Brixton Metals and the gold space takes your interest, why not read a different gold article, or even watch one of our latest gold interviews?

Company Website: http://brixtonmetals.com/

If you see something in this article that you agree with, or even disagree with, please let us know in the comments below.

Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux Investor communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.

Oriole Resources (LON: ORR) – A Small Gold Player With Big Ambitions

The Oriole Resources PLC company logo
Oriole Resources PLC
  • LON: ORR
  • Shares Outstanding: 702M
  • Share price C$0.35 (28.05.2020)
  • Market Cap: C$2.4M

Interview with Tim Livesey, CEO of Oriole Resources (LON: ORR).

Small in stature but mighty in ambition, Oriole Resources is a gold and base metals player with legacy projects in Senegal and Turkey, in addition to new projects in Cameroon.

Is there some big potential for this gold explorer, or will it get consigned to the gold dustbin the same as so many gold explorers before it?

 We Discuss:

  1. Company Overview
  2. Business Plan, Background Story and Legacy
  3. Plans, Problems and Values of Legacy Projects: Turkey, Thani Stratex & Senegal
  4. Why Join This Company Instead of Starting Anew for Cameroon Assets?
  5. Delivering the Offloading and Disposal Strategy
  6. Cameroon Project: Creating Value and Strategy Going Forward
  7. Financing Cameroon and Options Available
  8. Skin in the Game and Management Remuneration
  9. Cash Position
  10. Share Price, Shareholders and Telling the Story: Potential Roll-Back?
  11. Timeline for Value Creation

If you like this Oriole Resources interview and the gold space is something you’re interested in, why not read a different gold article, or even watch one of our latest gold interviews?

Company Website: https://orioleresources.com/

If you see something in this article that you agree with, or even disagree with, please let us know in the comments below.

Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux Investor communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.

The Oriole Resources PLC company logo

Evergold (TSX-V: EVER) – Replicating The Success Of GT Gold?

The Evergold Corp. company logo
Evergold Corp.
  • TSX-V: EVER
  • Shares Outstanding: 32M
  • Share price C$0.70 (28.05.2020)
  • Market Cap: C$22M

Interview with Kevin M. Keough, President & CEO of Evergold Corp. (TSX-V: EVER).

Evergold Corp. is a gold-silver-copper explorer and project developer. The company’s assets are in British Colombia, Canada.

Evergold Corp. has four projects. The two flagship projects are called Snoball and Golden Lion. The two non-core projects are named Spanish Lake and Holy Cross. Can the Evergold team replicate its success at GT Gold?

Evergold was set up before GT Gold, but was put on the back-burner while the team focussed on GT. What is the plan going forward in 2020 for this gold player?

 We Discuss:

  1. Company Overview
  2. Business Plan: What Do They Want to Build?
  3. Track Record and Management Experience
  4. Focus on Exploration: Why not Delve into Other Production Stages?
  5. The Two Projects: What’s There and Plans for Each
  6. Cash Position & 2020 Drilling Plans
  7. End Goal and Means of Getting There
  8. Management Remuneration
  9. Big Supporters and Shareholders
  10. Estimated Timing for New Results

If you are a fan of this Evergold Corp. interview and the gold space is something you’re interested in, why not read a different gold article, or even watch one of our latest gold interviews?

Company Website: https://www.evergoldcorp.ca/

If you see something in this article that you agree with, or even disagree with, please let us know in the comments below.

Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux Investor communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.

The Evergold Corp. company logo

Cartier Resources Inc. (TSX-V: ECR) – A Severely Undervalued Gold Prospect?

The Cartier Resources company logo
Cartier Resources Inc.
  • TSX-V: ECR
  • Shares Outstanding: 192M
  • Share price C$0.19 (28.05.2020)
  • Market Cap: C$36M

Interview with Philippe Cloutier, President & CEO of Cartier Resources Inc. (TSX-V: ECR).

Cartier Resources was listed on the TSX-V in 2007. It is an exploration & development company focussed on gold discoveries in Québec. Cartier Resources has seven projects. The flagship project, Chimo Mine, is the current focus, while the other projects have been put on the backburner.

There are gold juniors with much less than Cartier Resources that are worth three times as much. Why? It’s time to dig into this gold mining story.

 We Discuss:

  1. Company Overview
  2. Business Plan and History of Company: Getting to Where They are Now
  3. Criteria for Choosing Assets: What did Agnico Eagle Buy Into & Their Influence on Decision Making
  4. Drilling Since 2017: What’s There?
  5. Raising the Share Price: What Can They Do?
  6. Light at the End of the Tunnel: End Goal and Timeline
  7. 3 Other Assets: Focus and Plans
  8. Cash Position
  9. Management Shareholding

If you are a fan of this Cartier Resources interview and the gold space is something you’re interested in, why not read a different gold article, or even watch one of our latest gold interviews?

Company Website: https://ressourcescartier.com/

If you see something in this article that you agree with, or even disagree with, please let us know in the comments below.

Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux Investor communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.

The Cartier Resources company logo

East Asia Minerals (TSX-V: EAS) – $600M to $3M…

The East Asia Minerals Corp. company logo
East Asia Minerals
  • TSX-V: EAS
  • Shares Outstanding: 101M
  • Share price C$0.05 (18.05.2020)
  • Market Cap: C$5M

Crux Investor recently interviewed Terry Filbert. He is the CEO of gold explorer, East Asia Minerals (TSX-V: EAS).

If you’re interested in East Asia Minerals, why not read an alternative gold article, or even watch one of our latest gold interviews?

East Asia Minerals is a TSX-listed gold and precious metals developer with two assets in Indonesia: Sangihe, and Miwah, the former flagship asset that gave East Asia Minerals a C$600M market cap. The market cap is C$3M today…

Filbert talks about the gold space, Indonesia as a jurisdiction, big mistakes and what East Asia Minerals can do to set things right. An interesting watch for gold investors.

We Discuss:

  1. Company Overview
  2. Mighty Have Fallen: Missteps That Cost $600M to Drop to $3M
  3. Indonesia as Jurisdiction
  4. The Team’s Background & Track Record
  5. Big-Name Supporters and Shareholders
  6. Business Plan: Getting into Production
  7. Sangihe Gold Project: What’s There and What Needs to Be Done to Monetise it?
  8. Miwah Gold Project: Plans for the Asset
  9. Funding it All: Who Will They Talk to?

Company Website: https://eastasiaminerals.com/

If you see something in this article that you agree with, or even disagree with, please let us know in the comments below.

Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux Investor communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.

The East Asia Minerals Corp. company logo

Rockhaven Resources (TSX-V: RK) – High-Grade Gold Developers That Need To Market Themselves Better

The Rockhaven Resources Limited company logo
Rockhaven Resources Ltd
  • TSX-V: RK
  • Shares Outstanding: 188M
  • Share price C$0.11 (18.05.2020)
  • Market Cap: C$21M

Crux Investor recently interviewed Matthew Turner, who is the President & CEO of Rockhaven Resources Ltd. (TSX-V: RK).

If you’re interested in Rockhaven Resources, why not read an alternative gold article, or even watch one of our latest gold interviews?

Rockhaven Resources Ltd. is an “advanced stage” gold-silver exploration company. The main focus is on advancing its 100% owned and ‘road-accessible’ Klaza gold-silver project in Yukon, Canada.

Klaza looks like an excellent gold-silver project: a PEA released in 2016 revealed an economic project in a much lower US$1200/oz gold price environment.

The real issue appears to be marketing; Rockhaven Resources is not communicating the gold value proposition it is offering very effectively to gold investors and the generalist market. Let’s unpack this.

We discuss:

  1. Company Overview
  2. The Numbers: Total Raised, Cash Position, and Future Raises
  3. 10yrs Going: The Business Plan, Changes Made and Focus
  4. Team Experience
  5. Hidden Gem or One of Many: Timeline For Growth and Communicating to the Market
  6. Evading or Embracing the Curse of the Single Asset: Inserting Themselves into the Market
  7. Managements’ Shareholding

Company Website: https://www.rockhavenresources.com/

If you see something in this article that you agree with, or even disagree with, please let us know in the comments below.

Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux Investor communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.

The Rockhaven Resources Limited company logo

Serabi Gold (LSE:SRB, TSX:SBI) – Q1/20 Unaudited Financial Results Are In

The Serabi Gold PLC company logo.
Serabi Gold PLC
  • LSE:SRB, TSX:SBI
  • Shares Outstanding: 59M
  • Share price GB£0.83 (15.05.2020)
  • Market Cap: GB£50M

A few weeks ago, I penned an article detailing Serabi Gold’s strong Q1/20 operational figures, in addition to some great financials for 2019.

A picture of cartoon gold bars.

What’s The Latest Update?

COVID-19 has obviously had a detrimental effect on the vast majority of mining companies, but we’re very interested to note the management team at Serabi Gold has managed to reduce the impact on productivity.

This morning, Serabi Gold has released its unaudited Results for the three month period ended 31 March 2020. What are the financial highlights?

Unaudited Results – Financial Highlights

  1. Cash Cost for the quarter of US$996/oz.
  2. All-In Sustaining Cost for the quarter of US$1,257/oz.
  3. EBITDA for the first quarter of 2020 of US$3.20M (Q1 2019: US$4.33M).
  4. Post-tax profit of US$0.77M reflecting the lower level of gold sales realised during the period compared with 2019 offset by higher average gold prices in 2020. 
  5. Earnings per share of 1.31 cents.
  6. An average gold price of US$1,549 received on gold sales in 2020
  7. Lower revenue, quarter on quarter, reflects sales of gold inventory realised in Q1/19 and lower production resulting from a mill stoppage in February 2020 (see news release 26 March 2020).
  8. An agreement, concluded in April 2020, with Greenstone Resources II LP, to subscribe for US$12M convertible loan stock.
  9. An agreement has been reached with Equinox Gold Corp. allowing the company to pay, in monthly instalments, the remaining US$12M consideration for the purchase of Coringa, until COVID-19-induced travel restrictions are lifted.

What Does This Tell Us?

Serabi Gold, like the majority of gold producers, has seen its AISC rise slightly, which is entirely understandable given the disruption caused by COVID-19. As a consequence, the EBITDA is also marginally down, as international mining operations become significantly less economic given this global health crisis. The primary cause behind Serabi’s financial tail-off this is the company’s mill stoppage in February 2020. However, another reason behind this decrease in revenue lies in the fact the Q1/19 figures were artificially inflated by the sale of existing inventory.

Serabi Gold - Palito
Serabi Gold’s Palito Gold Mine

When you combine these factors, despite receiving a substantially higher average gold price on gold sales, Serabi’s profits have fallen. It is important to note this is all within expectations, as was reflected in our most recent interview with CEO, Michael Hodgson.

Chief financial officer, Clive Line, has stated that Q2/20 has started off well, with both the soaring gold price and favourable exchange rate expected to provide support moving forward. Could the ore sorter also massively help economics? With exploration also on the cards for 2020, investors will see little reason for concern.

Thus far, Serabi Gold appears to have effectively mitigated the impacts of COVID-19 and its mill stoppage. The Q1/20 gold production figures, discussed in my previous article, were highly impressive. Hodgson predicted these financials, and the impacts of COVID-19 have been unavoidable for all. It’s now time for Hodgson and his team to push on, as we have no doubt they will, into Q2.

We have interviewed the CEO of Serabi Gold, Michael Hodgson, on several occasions. After you’ve listened to those, why not read a different gold article, or even watch one of our latest gold interviews?

Company Website: https://www.serabigold.com/

If you see something in this article that you agree with, or even disagree with, please let us know in the comments below.

Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux Investor communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.

The Serabi Gold PLC company logo.

Gowest Gold (TSX-V: GWA) – Will This Gold Developer Learn From Its Mistakes?

The Gowest Gold company logo
Gowest Gold Ltd.
  • TSX-V: GWA
  • Shares Outstanding: 73M
  • Share price C$0.23 (14.05.2020)
  • Market Cap: C$17M

We interviewed Greg Romain, President & CEO of gold developer, Gowest Gold (TSX-V:GWA)

Gowest Gold is a Canadian gold explorer that is 12 years in the making. Pleasingly, Romain is candid. He knows the management team has got plenty wrong; have they learnt from their mistakes?

If you like this Gowest Gold interview, and the gold space takes your interest, why not read a different gold article, or even watch one of our latest gold interviews?

Romain is adamant that his gold mines will produce and reward patient Gowest Gold shareholders. After all, if a gold company can’y succeed now, it’s unlikely it ever will.

We discuss:

  1. Company Overview
  2. 12 Years in the Making: The Story of Gowest Gold & How it Got to Where it is Today
  3. Succession of Misfortune: What Could They Have Done Differently?
  4. Drop in August: What Happened and What it Cost the Company
  5. Shareholder Support and Reasons for the $1.6M Loan
  6. Tidying Up the Corporate Structure: Value Building Tactics
  7. Managements’ Shareholding and Commitments to Shareholders
  8. 2015 PFS Results: Economics & Possibilities
  9. Why the Market Doesn’t Understand the Story & What Gowest is Going to do about it
  10. The Future: Close to the Finish Line

Company Website: https://www.gowestgold.com/

If you see something in this article that you agree with, or even disagree with, please let us know in the comments below.

Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux Investor communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.

The Gowest Gold company logo