Sean Zubick wrote a great article on LinkedIn that concluded with the following powerful statement:
“No other PGM company has the torque New Age Metal has, and that is why the company is one of largest holdings in our portfolio.”
Considering the success of Sean and his Palisade Global Investments, that’s incredible 3rd party credibility for Harry Barr and his team. Harry has been incredible patient with his River Valley PGM Deposit and looks set to finally start reaping the rewards.
Here is the article. Take a few minutes and read this:
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The platinum group metals are composed of six noble, precious metallic elements: iridium, osmium, palladium, platinum, ruthenium, and rhodium. In mining, the most valuable PGMs are platinum and palladium, and rhodium to a lesser degree. Intuitively, the metals are correlated in terms of price movement, and often time track other precious metals, especially gold.
While platinum and gold are correlated (0.85), platinum has historically traded higher than gold, averaging 50% more since 2000. The platinum to gold ratio is currently 0.75, with gold consistently trading higher since the beginning of 2015.
If we shorten the timeframe from 2000 to 2009, the average decreases. However, it still implies that current platinum prices are undervalued relative to gold:
Using the current gold price of $1,300/oz. and the average ratio since 2000, platinum should rebound from its current price of $990/oz. to $1,950. Using the 2009 average of 1.03 still means a significant rebound to $1,360/oz., or a gain of 40% from current levels.
The PGM industry is dominated by the major South African platinum producers, and the largest palladium producer in the world, the Russian-based Norilsk Nickel. Just these two regions account for almost 90% of the World’s platinum and palladium production.
What makes PGM investing even more precarious is that in addition to operating in risky jurisdictions, there are only a handful of public companies. If you filter this to junior companies with a resource, you are down to less than ten.
New Age Metals (CVE:NAM, OTCMKTS:PAWEF)
Current Price: C$0.07
Shares Outstanding: 68.4 million
Market Capitalization: C$4.8 million
Cash: ~C$2.6 million
New Age Metals is one of the few PGM companies that operates in a safe jurisdiction, but is also the cheapest on a per platinum ounce basis. According to our analysis and current market prices, New Age Metal’s River Valley PGM Project hosts a total resource of 3.4 million ounces platinum equivalent. This gives New Age Metals a valuation of C$0.74/oz. Compare this to the average of its comp group, C$40.00/oz.
With platinum poised to return to its median, and New Age Metals trading at a substantial discount to its peers, the optionality in this play is enormous.
New Age Metals is an out of favor companies that has fallen through the cracks because of the decline of platinum. However, the company has raised C$2.6 million and is now more than halfway done its 2017 drilling campaign, focusing on the Dana North (T3) and Pine zone.
In addition, an induced polarization (IP) geophysical survey and borehole geophysics has been completed. The first portion of the drill program was concentrated on follow-up drill testing of the 2015/2016 PGM mineralization at the Pine zone. Drilling will now focus on the geophysical interpretation from the recently completed IP survey.
Six holes were completed at the Pine zone, which is open along strike and at depth. The first batch of assays has been sent to the lab. Results are expected any day now.
The current exploration program will be used to establish the resource base for a preliminary economic assessment (PEA), which the company plans to complete before the end of 2018.
Prior to the current program, the River Valley PGM Project has seen 671 holes drill holes for 152,394 metres and $40 million in total spending. Shares from its last financing became free-trading on August 28, and the stock has sold off in anticipation. In fact, share prices are down more than 50% from its recent high. This bargain price is a nice entry for new investors, especially with an imminent fall commodity rally, and the strong and catalytic news flow on the horizon.
No other PGM company has the torque NAM has, and that is why the company is one of largest holdings in our portfolio.
Cheers,
Sean
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WHY PYROGENESIS?
“The Dot Com Crash Was The Catharsis That Forced The Entire Tech Ecosystem To Forget Fast Money And Focus On Building Disruptive Companies….Â
The Canadian Small Cap Ecosystem Just Completed Its’ Catharsis â€
                   Sheldon Inwentash, CEO   ThreeD Capital
WHO IS SHELDON IWENTASH?
 Proven Track Record
MONTREAL, Aug. 31, 2017 MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (FRANKFURT: MR7) is pleased to report new results from its 2017 drilling program on Croinor Gold. The objectives of the drilling on the Croinor Gold deposit are: (1) to validate the geological interpretation and orientation of the mineralized zones and (2) to discover new zones at depth.
Holes CR-17-543 and CR-17-547 both met the two program objectives. The holes were drilled on Section 620W (see section). Hole CR-17-543 supports the presence of four sheared, sericitized corridors hosting quartz-tourmaline veins with economical gold grades (see table below), once again supporting the close link between the sericite and the gold content of the veins. This new hole also suggests that the dips in the western sector are steeper.
Hole CR-17-547, which totalled 654 metres, crossed several mineralized corridors, as well as a new zone at a vertical depth of 560 metres grading 5.22 g/t Au over 3.0 metres, including 8.41 g/t Au over 1 metre. This new zone has the same alteration characteristics and contains quartz-tourmaline veins with visible gold at the south contact of the diorite. The hole was collared on Section 620W and ended at Section 600W, and intersected the diorite, which hosts the mineralization, between 294 and 599 metres.
The drill results are summarized in the following table.
|
Hole |
From |
To |
Length |
Au |
|
CR-17-543 |
98.0 |
100.0 |
2.0 |
1.47 |
|
CR-17-543 |
145.7 |
152.8 |
7.1 |
1.49 |
|
including |
146.7 |
150.0 |
3.3 |
2.21 |
|
CR-17-543 |
163.0 |
166.2 |
3.2 |
2.55 |
|
including |
165.0 |
166.2 |
1.2 |
6.25 |
|
CR-17-543 |
171.0 |
184.5 |
13.5 |
2.24 |
|
including |
171.0 |
172.9 |
1.9 |
5.44 |
|
including |
177.0 |
178.3 |
1.3 |
4.31 |
|
including |
180.5 |
184.5 |
4.0 |
3.44 |
|
CR-17-543 |
212.0 |
213.8 |
1.8 |
0.94 |
|
CR-17-543 |
407.0 |
412.0 |
5.0 |
0.46 |
|
CR-17-547 |
315.0 |
317.0 |
2.0 |
0.76 |
|
CR-17-547 |
325.5 |
328.5 |
3.0 |
1.09 |
|
CR-17-547 |
339.4 |
342.5 |
3.1 |
5.43 |
|
including |
341.0 |
342.5 |
1.5 |
10.50 |
|
CR-17-547 |
388.0 |
389.0 |
1.0 |
1.44 |
|
CR-17-547 |
418.5 |
424.5 |
6.0 |
1.69 |
|
including |
418.5 |
419.8 |
1.3 |
5.62 |
|
including |
423.2 |
424.5 |
1.3 |
1.90 |
|
CR-17-547 |
587.0 |
589.2 |
2.2 |
1.11 |
|
CR-17-547 |
594.0 |
597.0 |
3.0 |
5.22 |
|
including |
594.0 |
595.0 |
1.0 |
8.41 |
True width corresponds to approximately 60% of core length.
“Hole CR-17-547 supports what we have always believed: that the Croinor Gold deposit is open at depth and along strike,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Each new hole adds to our understanding of the deposit, and indications are that we are using the appropriate controls for the mineralization. Our strategy is to continue testing the mineralization at depth and to drill a few holes at the east and west ends of the deposit. We will also do infill drilling on the Croinor Gold deposit in areas where we have insufficient data in order to increase the indicated resource of the zones of the block model.”
The technical and scientific content of this press release has been reviewed and approved by Kenneth Williamson, M.Sc., P.Geo, the Corporation’s qualified person under National Instrument 43‑101.
Sampling normally consists of sawing the core into two equal halves along its main axis and shipping one of the halves to the ALS Minerals laboratory in Val-d’Or for assaying. The samples are crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding 3.0 g/t are re-assayed using the gravity method, and samples containing gold grains are assayed using the metallic sieve method. Monarques uses a comprehensive QA/QC protocol, including the insertion of standards, blanks and duplicates.
ABOUT MONARQUES GOLD CORPORATION
Monarques Gold is a growing junior gold company focused on becoming the leading explorer and developer of gold properties in the Val-d’Or/Abitibi gold camp in Quebec, Canada. The Corporation currently has approximately 200 km² of gold exploration properties (see map) along the Cadillac Break, as well as its main asset, the Croinor Gold mine, which has great potential to become a producing mine. Monarques Gold is well financed and has close to $9 million in credits from Quebec’s Ministry of Energy and Natural Resources.
(Watch our latest Corporate Video)
Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services. Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE Monarques Gold Corporation
The exchange, which sets the global price for metals such as copper, aluminium and nickel, has been looking at the feasibility of trading the metal, which is extracted in South America and Australia and mostly sold in a white powder to battery makers. “Lithium is the buzzword within the LME,†one source familiar with the discussions said. Demand for lithium, the world’s lightest metal, is set to soar fourfold by 2025 as ownership of electric cars increases and more batteries are used to store power from renewable energy such as wind and solar, according to consultancy Roskill.
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