The following interview of CEO, Mr. Ryan Kalt of Athabasca Nuclear Corp, was conducted by phone & email from May 20th to May 25th. Athabasca Nuclear has been on the uranium scene since early 2013, when it acquired a 50% interest in the Preston Uranium Project. Its location in the southwestern Athabasca basin (see map below), is proximal to two of the biggest uranium discoveries of the century, one by Fission Uranium (TSX: FU) the other by NexGen Energy (TSX-V: NXE).

More recently, the Company has taken a shine to lithium, the metal, not the drug, best known as a key component of Li-ion batteries. To that end, it’s accumulated 5 lithium projects spread across Canada, a few of which are quite near promising lithium juniors like Nemaska Lithium (TSX-V: NMX). While lithium & uranium (in that order), are the main focus, CEO Kalt is open to any green commodity prospects that offer compelling investment value. Readers are encouraged to click on links at the bottom of the page for more information.

Please describe the new Athabasca Nuclear Corp. (TSX-V: ASC) for readers unfamiliar with the Company’s recent foray into lithium.

Athabasca Nuclear Corp. (“ASC”) has quickly emerged as a premier lithium exploration and development junior. We hold a diversified and growing portfolio of five geographically distinct lithium assets, including two development-drilling stage assets as well as major land positions in three different lithium exploration districts. As a result, ASC provides an excellent proxy to the underlying strength we are seeing in the lithium market.

We believe that the lithium market could have sustained pricing power driven by not only lithium intensive applications adopted to-date (electric cars, battery storage, etc) but also new emerging technologies that could create further consumption demand growth for lithium. ASC has created an asset portfolio that has significant torque to strength in lithium, both from a valuation level on our identified lithium deposits, but also within our large-scale lithium exploration tenure.

Athabasca Nuclear has 2 presentations on its website, one for lithium & one for Uranium. Please tell readers more about the Uranium side of the business.

We believe that both segments of our business have substantial value and so provide additional detail on our website by providing a presentation for our lithium and uranium asset portfolios on a stand-alone basis.

Specific to the uranium side, we have a 50% interest in our Preston Uranium Project, which represents one of the largest tenure positions in the emerging Western Athabasca Basin, which in turn is host to the recent discoveries by Fission and NexGen.

In fact, our Preston Uranium Project is the adjacent property for nearly the entirety of NexGen Energy’s Arrow-hosting Rook 1 project. We have developed a large number of drill prospects at the property and have, with our project partner, accumulated just under $5m of exploration expenditures at Preston over the past 36 months or so.

And on the lithium side, can you tell us more about each of the primary projects?

Absolutely. The market is beginning to understand the high-quality and diversified portfolio approach that we have taken to building up our lithium asset base. ASC shares have appreciated substantially during 2016 and we believe there is more positive news ahead in terms of the exploration and advancement of our lithium and other clean commodity assets.

At the advanced-stage of our lithium portfolio, ASC recently acquired 100% of the Torp Lake and Phoenix lithium spodumene deposits from North Arrow Minerals. This asset category provides us with drill-stage work which we can conduct to expand the drill results obtained by North Arrow Minerals. At Torp Lake, past channel sampling work on this spodumene bearing pegmatite has returned 6.0 m grading 4.5% Li2O and 7.0 m grading 3.3% Li2O. Lithium is contained in the mineral spodumene, high concentrations of which are observable within the Torp Lake (McAvoy) pegmatite over a 110m strike length with widths of 10m to 15m.

At Phoenix, there are two spodumene lithium pegmatites, Big Bird and Curlew. The Big Bird pegmatite has been mapped over an impressive 1,280m strike length with observable outcrop widths ranging from 8m to greater than 80m. Past drilling at the Big Bird pegmatite returned 1.24% Li2O over 34.3m. The Curlew pegmatite has been mapped over a strike length of 400m with widths up to 20m. Past drilling at the Curlew pegmatite returned 1.72% Li2O over 14.87m. I believe these compare well to other spodumene lithium pegmatites being advanced by other lithium juniors.

Equally exciting is our district-scale land positions that we have assembled for grass-roots lithium pegmatite exploration. Most prominently, we have one of the largest mineral tenure positions in the emerging Whabouchi lithium district, where Nemaska Lithium is advancing their very exciting Whabouchi project. ASC’s projects in the same immediate area are the Spodumene Lake Lithium Project and the Dumont Lithium project, which combined total nearly 50,000 acres.

There are already 29 mapped pegmatites which were previously identified on the Dumont Lithium Project that may be prospective for spodumene lithium. We are in the processing of developing a field work program for this summer which will serve to begin to explore that property. Elsewhere, we also have a significant land package near the Brazil Lake lithium pegmatites in Nova Scotia (just a few hundred feet from them) and we believe that area also has the potential for more spodumene lithium pegmatites to be found.

On the brine front, we have an interesting but early-stage lithium brine project in Alberta, being our Beaverhill Lithium Project. It is in an area where existing oil and gas producers are already bringing some brine-rich fluids to surface as part of their production process, so we need to examine the extent to which we and other pub-co.’s in the area might be capture that lithium at surface.

How were you able to accumulate a geographically diversified portfolio of both uranium & lithium assets?

As a company, ASC has a commitment to investing in clean commodities, being those that we feel have an important role in the clean/green economy. Importantly, clean commodities have underlying demand growth which is providing pricing power and thus creating value for shareholders exposed to the right segments of the resource complex. Commodities like lithium and uranium are among those which we believe have a very favorable future.

To that view, we have also a built a strong internal capacity using data mining and digital GIS which enables us to quickly identify areas that are experiencing elevated exploration activity and discovery success. Using those data-driven techniques, we have been able, over time, to accumulate a valuable and unique portfolio for clean commodity exploration and development. This same strategy has led to ASC’s ability to rapidly assemble a robust lithium project portfolio.

Unlike many other lithium juniors, ASC has not done expensive option deals to acquire our lithium projects.  As a result, we do not have large dilutive cash payments due to vendors. This means we can put more money into exploring our ground rather than making ongoing property payments. Not all lithium deals have been created equal in this market!

Can you tell readers about your new acquisition in Quebec?

The Sun Valley project is tremendously exciting. We just locked in about 25,000 acres of highly prospective ground for Cu-Ni-PGE, with our focus on finding PGE’s. Our neighbor, Northern Shield, has suggested they are looking for a multi-million ounce PGE deposit and they had a surface sample peaking at 10.6% Cu and 16 g/t PGE. PGE’s fit well with our clean commodity focus, and we will be making this project a priority. As an aside, Northern Shield, who controls the other half of that structure sports almost a $30 million market cap.

How about your management team, Board & technical advisors? Has your team worked together in the past?

ASC has strong group of management, directors and technical advisors, driven by strength in all key disciplines including geology, accounting and legal. I am an attorney and financier by background and have more than fifteen years of senior executive experience.

Our team is also fortunate to have significant familiarity with one another as most of us were previously involved together at Gold Royalties Corporation, which we sold to NYSE-listed Sandstorm Gold Ltd. in 2015 for a 91% premium. Gold Royalties was a leading junior gold royalty company that had built up a portfolio of 18 project royalties across Canada.

The liquidity event allowed our shareholders to further partake in our assets within a well-run and senior gold royalty business that itself offered a robust asset portfolio. One of the strengths our team enhanced during that process was of course the ability to create a platform company onto which a series of asset acquisitions can be developed and integrated. This expertise translates exceptionally well into ASC’s lithium and clean commodities platform and the numerous project acquisitions that we have made during 2016 for it.

Roughly what price of uranium & lithium do you think is necessary for Athabasca Nuclear’s assets to potentially be economically viable?

We are an exploration-focused company and believe that discovery and resource-delineation drilling offers one of the more compelling return profiles within the resource space. To the extent prices are high for a commodity it will obviously make the discovery value correspondingly better. Our goal is to discover and accumulate great deposits.

Exploration is however more than just about spot prices, it is also about securing the right projects and the right mineral tenure, something that we believe that ASC is executing well on. To the extent that there is funding available – something that we have been successful at securing for both lithium and uranium exploration – it can be viewed as a project having sufficient economic potential in the eyes of third-parties for it to be advanced.

Junior companies have proven to be very good at discovery but less so with the procurement complexities associated with building mines. As a result, we expect our focus to remain on high-impact exploration which is a segment of the value-curve that we believe we can generate returns in for our fellow shareholders. To answer your question another way, I am reminded of something I was once told about the resource business (and I’m paraphrasing), that, ‘good deposits/mines make money at favorable commodity prices but great deposits/mines make money at all commodity prices.’ Wise words.

Thank you Ryan for your detailed responses. Please keep us posted on your progress.

Disclosures: The contents of this interview are for informational purposes only. Readers fully understand and agree that nothing contained in this interview by Peter Epstein, of Ryan Kalt, CEO of Athabasca Nuclear Corp., including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered, in any way whatsoever, implicit or explicit investment advice. Further, nothing contained herein is a recommendation or solicitation to buy, hold or sell any security. Peter Epstein and  Epstein Research [ER] are not responsible, under any circumstances whatsoever, for investment actions taken by the reader. Peter Epstein and  [ER] have never been, and are not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and neither performs market making activities.

At the time this interview was posted, Peter Epstein did not own shares in Athabasca Nuclear Corp. The Company has never been, and is not currently, a sponsor of [ER]. Mr. Epstein & [ER] are not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for its completeness. Mr. Epstein & [ER] are not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. 

The gold miners’ stocks have had a tough week, sinking to marginal new correction lows. So far this is a technical retest, driven by a parallel one in gold. While uncommon and unpredictable, these retests are very challenging psychologically. The resulting drawdowns in gold-stock positions shake out the weak hands, spawning widespread capitulation. But holding on through retests rather than selling low is prudent.

Trading stocks is hard, which is why the majority of people who try it end up losing money. The mission is simple, buy low then sell high. But actually executing on that is difficult, as it requires constantly battling your own emotions. It’s hard to buy low, because that’s only possible when prices have already fallen and nearly everyone else is scared and bearish. Correction-low retests create this psychological landscape.

Selling high isn’t much easier, as that requires exiting profitable trades after big runs higher. Those are the times when nearly everyone else is excited and greedy, extrapolating continuing gains indefinitely. To be successful, traders have to both buy and sell when they least want to and when popular consensus argues those are bad decisions. It takes strong discipline and mental toughness to fight your heart and the herd.

I’m blessed to live in beautiful Colorado, and love the rugged mountains here. My family does plenty of hiking, camping, and skiing to enjoy the high country. My kids have learned countless lessons up there about the paramount importance of perseverance through hard conditions. The best example is hiking Colorado’s fourteeners, mountains with summits over 14,000 feet. I’ve done dozens, and they are all hard.

You have to get to the trailheads hours before first light, because these trails are often 7-to-15-mile round trips! You have to haul lots of gear, including sufficient water, food, and winter clothes. Temperatures at summits can be 50 degrees colder than their bases. Once you get above the tree line around 11,500 feet, winds are often stiff and insufficient oxygen makes exertion hard. Hiking fourteeners is utterly exhausting.

But man, the peak views and feelings of accomplishment for overcoming challenges is unparalleled! You never forget those hard days. My daughter hiked her first fourteener at 6 years old, 7 miles all on her own feet. Whenever my kids face challenges in life, I always remind them of fourteeners. Perseverance is the key, always trudging forward no matter how hard it is. You can always take one more step, then another.

A couple Sundays ago I went skiing with a friend. The forecast was 60mph sustained winds with 90mph gusts, all above 10,800 feet! Although we dressed in arctic gear, we weren’t sure how long we could last in such extremes at elevation. It proved a hard day, but incredible as I saw sights I’ve never seen in decades of mountain experience. Big evergreen trees were waving like grass, whipped by fierce snow whirlwinds!

Trading stocks reminds me of being in the mountains. Both are challenging and fulfilling, but provide little comfort. Like hiking a fourteener, once you commit to a trade you are in for the full ride. The only thing capitulating early at the first signs of hardship guarantees is failure and losses. Few things test the mettle of traders like correction-low retests, revealing who is mentally-tough enough to weather inevitable drawdowns.

The leading and dominant gold-stock benchmark and trading vehicle is the GDX VanEck Vectors Gold Miners ETF. In the middle of this week as this sector retested its latest correction low, GDX commanded fully 64% of all the capital deployed in all the US-traded gold-stock ETFs! As this GDX chart shows, the gold stocks have been grinding lower on balance for six weeks now. That has devastated psychology.

The gold stocks skyrocketed out of last March’s COVID-19-lockdown-fueled stock panic, with GDX utterly soaring 134.1% higher in just 4.8 months! Naturally such a big-and-fast upleg left this sector extremely overbought, necessitating a healthy correction to rebalance sentiment and technicals. And that is exactly what happened over the next 3.6 months, when GDX lost 24.9% falling back under its 200-day moving average.

By that point this latest gold-stock correction sure looked like it had run its course technically. The main reason was gold’s own parallel correction which drove the gold stocks’ looked to be mature. Gold is this sector’s dominant primary driver, as gold-mining earnings are highly leveraged to prevailing gold prices. So gold-stock uplegs and corrections naturally mirror and amplify the underlying ones in the metal they mine.

Gold’s own healthy correction after soaring to extraordinarily-overbought levels in early August extended to 13.9% over 3.8 months in late November. That hammered gold back under its own 200dma, which is where corrections tend to bottom. And it was right in line with precedent from this gold bull’s earlier three corrections, which averaged 14.3% losses over 4.1 months. Gold had sold off sufficiently for a rebalancing.

So we started layering into new high-potential fundamentally-superior gold-stock and silver-stock trades back in late November. Gold stocks were deeply out of favor then, with bearishness rampant after that correction. That’s the only time when they can be bought at relatively-low prices, when most people want nothing to do with them. Buying low demands fighting the fear in your own heart and emanating from the herd.

As always it is impossible to know in real-time exactly when and where an upleg is topping or a correction is bottoming. Trading is a probabilities game, always rife with uncertainty. On that fourteeners analogy, it reminds me of weather forecasts. No matter how good the odds are for a sunny day, at elevation intense thunderstorms can quickly flare anytime. Decades ago I was trapped by brutal lightning on top of Longs Peak.

I’ve never been so scared before or since, that lightning was constant all around my friends and me with deafening instant thunder. We ran for the edge of that totally-exposed summit to flatten ourselves into the relatively-small rocks until that dangerous storm passed. From that day on, I had a lot more respect and fear for fourteeners. I learned aborting ascents is prudent if thunderheads on the horizon are building too fast.

In stock trading, the best protection against the unexpected is running trailing stop losses. Last week I explained them in detail in a popular essay on timing gold-stock trades. With trailing stops deployed, it doesn’t really matter where and when a correction actually bottoms. Stop losses strip all emotions from sell decisions, short-circuiting the urge to capitulate in drawdowns like during this week’s correction-low retest.

Even after doing your homework and buying in relatively-low after a mature correction, gold-stock prices could still grind lower. That’s no big deal, as looser trailing stops are usually not tripped once corrections have largely run their courses. The goal at that point is staying deployed to ride the subsequent upleg, even if it is delayed. Running stops protects from catastrophic losses if corrections cascade much deeper.

After GDX bottomed in late November, its new-upleg thesis was confirmed in early January after a major multi-day breakout above this leading ETF’s correction-downtrend resistance and 50-day-moving-average lines. At that point GDX had surged 15.2% higher in 1.3 months, which was much larger and longer than a typical sharp-yet-fleeting countertrend rally within an ongoing correction. The gold stocks were thriving.

But despite those sunny skies in the first few hours of that hike, thunderheads were building. Gold stocks are again dependent on gold’s fortunes, and gold plummeted 3.5% out of the blue on January 8th. As its price fell below the psychologically-heavy $1,900 level in overnight trading, super-leveraged gold-futures speculators were forced to start liquidating their long contracts. That self-reinforcing process persisted since.

Total spec gold-futures longs slumped to 367.4k contracts in the latest-reported Commitments-of-Traders week ending last Tuesday, down from 411.7k in early January. That selling forced gold from $1,949 then to $1,836 as that CoT week wrapped up. Exacerbating the downside pressure on gold, that festering 5.8% pullback scared gold-ETF traders into dumping GLD and IAU shares faster than gold was being sold.

That ongoing gold-futures and gold-ETF-share selling seemed to snowball into capitulation territory this week, driving gold to a retest of its own correction low. After bottoming at $1,775 in late November, gold’s own nascent upleg had surged 9.8% higher by early January. But in the six weeks since running into this Wednesday, gold lost 8.9% slumping all the way back down to $1,775. That’s why gold stocks have been hit.

Interestingly these gold lows, that original correction one and this new retest one, occurred 2.6 months apart. Technically that sure increases the odds that gold’s correction really effectively bottomed back in late November. In ongoing corrections, it is rare to see prices go longer than six weeks or so without seeing new lower lows. But this Wednesday’s happened nearly eleven weeks later, which isn’t correction behavior.

Instead gold’s young upleg has rolled over into a low consolidation, a technical basing paving the way for this metal’s next bull-market upleg. So naturally the gold stocks per GDX are doing the same thing. Their young upleg has slumped into a low consolidation, collateral damage from the selling in gold futures and gold-ETF shares. This Wednesday GDX edged to a new correction low, for the first time in 2.8 months.

GDX’s mid-week $33.22 close was 0.6% below November 24th’s $33.42. Just like in gold, it is quite rare to see an ongoing gold-stock correction take so long to force new lows. Corrections fuel such widespread bearishness that they generally hammer prices lower fairly rapidly. So technically gold stocks’ correction-low retest looks way more like a basing low consolidation than a resurgent correction likely to spiral much lower.

This marginal new GDX low extended the total gold-stock selloff from 24.9% over 3.6 months to 25.3% over 6.4 months. That’s not much lower over a nearly-doubled duration! Yet seeing new correction lows is really freaking out gold-stock traders. As a herd they are really scared, with bearish psychology utterly dominating the popular gold-stock outlook. Gold-stock prices are now widely expected to cascade way lower.

Maybe they will, but the probabilities are certainly against that. Gold and gold stocks both carved decisive correction bottoms in late November in line with bull-market precedent. Then they both started to power higher in solid young uplegs. While those rolled over since early January into these low-consolidation basing patterns, none of that is correction-like at all. These are perfect conditions to birth major bull uplegs.

With trailing stop losses deployed for recent gold-stock and silver-stock trades added relatively-low, there is no reason to worry about this retest. If GDX holds around these levels then starts marching higher again, staying deployed despite the drawdowns should prove super-profitable. This bull’s prior four gold-stock uplegs averaged huge GDX gains of 99.2% over 7.6 months! Why risk selling low and missing a doubling?

And if that low-probability gold-stock plunge erupts, the freak mountain thunderstorm on a sunny day, then trailing stop losses will automatically exit trades before losses get too extreme. Getting stopped out by market conditions is totally unemotional, having nothing to do with personal or herd fear or greed. On stoppings, traders can reevaluate market conditions while safe in cash to analyze whether to redeploy or hold off.

Given gold stocks’ strong track record of massive uplegs, it seems more prudent to stay deployed after a mature correction and subsequent retest. In the gold-stock bull before today’s which ended in September 2011, the older HUI gold-stock index predating GDX enjoyed a dozen uplegs averaging awesome 87.5% gains over 7.8 months! I sure wouldn’t want to miss out on another wealth-multiplying opportunity like those.

With stop losses in place, the overall portfolio drawdown in a correction-low retest isn’t a serious threat to capital preservation. Gold stocks’ young upleg before rolling over dragged up many of those stop losses to higher levels, so the overall stopped-out worst-case drawdown risk might be on the order of 10% to 15% depending on when trades were added and what stop percentages were used. That’s manageable.

As always, we can never know what’s coming next in the markets. Maybe gold stocks will soar in their next mighty upleg, maybe they will largely grind sideways, and maybe they will collapse in an anomalous plunge. But as traders we don’t have to worry about that with trailing stop losses in place. But given all the technical action in gold and gold stocks since early August, probabilities favor a new upleg being born.

Correction-low retests shouldn’t scare traders into capitulating and selling low, guaranteeing losses. They are usually parts of longer basing periods from which subsequent uplegs launch. These retests are a big test of traders’ mettle. Are they mentally-tough enough to weather a drawdown without caving? Or will they join the herd in succumbing to popular fear and exiting at the wrong time? Perseverance is the key.

Some of Colorado’s fourteeners are connected by high saddles, so you can summit two or three in one longer hike. One time when I was in college some friends and I were knocking out three in a single day. I was hauling a heavy and generous two gallons of water for myself. Yet I still ran out, got dehydrated, and from being so high for so long started suffering from hypoxia. Low oxygen impairs judgment, risking disaster.

Thankfully my friends recognized my predicament, and shepherded me down the mountain that day. I don’t know what would’ve happened had I been alone, but I’d never risk hiking fourteeners solo because so much can go wrong. Like high-elevation hiking, in stock trading experience really matters. In decades of gold-stock corrections, later retests seldom rekindle those selloffs to plunge to much-deeper major new lows.

Usually correction-low retests are just that, marginally-lower lows lasting just long enough to shake out weak hands and spawn unsustainable bearishness. With nearly everyone susceptible to being scared into selling low already capitulating out, that leaves only buyers to drive gold-stock prices back higher. So with the protection of trailing stop losses in place, the prudent course is to persevere through these retests.

So that’s what we’re doing, holding on to fundamentally-superior gold-stock and silver-stock trades we’ve added since gold stocks’ original correction low in late November. In our weekly and monthly newsletters we are currently up to 18 and 8 new trades since then, with big potential to soar during gold stocks’ next bull upleg. Thanks to this correction-low retest, most of these remain great buys today at relatively-low prices.

At Zeal we walk the contrarian walk, buying low when few others are willing before later selling high when few others can. We overcome popular greed and fear by diligently studying market cycles. We trade on time-tested indicators derived from technical, sentimental, and fundamental research. That’s why all 1178 stock trades recommended in our newsletters since 2001 averaged hefty +24.0% annualized realized gains!

To multiply your wealth trading high-potential gold stocks, you need to stay informed about what’s going on in this sector. Staying subscribed to our popular and affordable weekly and monthly newsletters is a great way. They draw on my vast experience, knowledge, wisdom, and ongoing research to explain what’s going on in the markets, why, and how to trade them with specific stocks. Subscribe today and take advantage of our 20%-off sale! Early in a young gold-stock upleg is a great time to get deployed.

The bottom line is gold stocks look to be retesting their correction lows, dragged back down by gold doing the same thing. The resulting drawdowns are really trying psychologically, as is the resulting bearishness flaring. Yet technically both the metal and its miners’ stocks are carving low consolidations, strong bases from which their next bull uplegs can launch. Historically uplegs usually follow such correction-low retests.

With trailing stop losses in place protecting recent trades added at relatively-low prices after corrections, there is no need to fear retests. If their selling soon exhausts itself paving the way for major uplegs, staying deployed is essential to riding those to big gains. And if a retest triggers a rare deeper correction, those stop losses will minimize the losses. Either way, there’s no sense succumbing to fear and giving up.

Solaris Resources has announced a significant new development at their flagship Warintza operation in southeast Ecuador. It was just two months ago that newly appointed CEO and President Daniel Earle, only a month in the captain’s chair, announced the start of the first drill hole in the Warintza West area and the first outside Warintza Central. These, along with Warintza South and East, comprise the Warintza Project near Ecuador’s border with Peru. Earle, a former Bay Street analyst known for his acumen in mining matters exploratory and developmental, rose to prominence through 17 years in mining and capital markets. This latest announcement shows he has hit the ground running, piloting the Vancouver-based miner through the tricky Ecuadorean waters of politics, regulations, indigenous community relations, environmental conservation, economic challenges and a pandemic that has all but hamstrung the small Andean nation.

via GIPHY

In its February 16th press release, the company said the West drill site, called SLSW-01, targeted surface geochemistry and “returned a long interval of copper porphyry mineralization, marking a significant new discovery on the Warintza Project.” It also released the findings of its first detailed geophysical survey. The survey, conducted by Geotech, Ltd., covered an area of 268km2 using the latest technology: airborne ZTEM. Z-Tipper Axis Electromagnetic technology measures variations in electromagnetic fields to a theoretical depth of two kilometers. Sub-surface rock containing conductive materials like copper or nickel will appear as an anomaly in the surrounding land readings. However, unlike other EM technologies, ZTEM does not generate electromagnetic waves but simply reads existing, naturally-occurring EM waves. It is nonintrusive, environmentally-friendly exploration. The survey is performed by a helicopter towing a 7-meter receiving loop at an altitude of 100m.

The survey “revealed a much more extensive porphyry system than previously understood”, said Solaris, showing “a continuous high-conductivity volume encompassing Warintza Central, Warintza East and Warintza West … with approximate dimensions of 3.5km long x 1km wide x 1km deep.” Additionally, a previously unknown target was identified about 850 meters east of the Warintza East anomaly, and nicknamed “Yawi.”

In making the announcement, Mr. Earle said they were delighted to discover “the geophysics revealing a much more extensive porphyry system than previously recognized.” He added that such were the implications of these data that Solaris was doubling its resource growth and discovery drill program from six to 12 rigs.

1.  My main metals premise for 2021 is that gold looks good, silver looks better, and platinum looks best.
2. Goldman Sachs analyst Jeff Currie now refers to silver as “gold on steroids”.
3. If that’s correct, and I think it is, can platinum be viewed as “gold on growth hormone”? I think so.
4. Please click here now. Double-click to enlarge this monthly gold versus platinum chart.
5. My suggestion is to own some physical metal. Funds like PPLT-NYSE are another decent way for investors to get involved.
6. Please click here now. Double-click to enlarge this daily gold chart. I’ve strongly advocated buying gold and related items around $1788, and then booking partial profits near $1966. That’s been a great play.
7. It’s positive to see gold now rise above resistance at $1830. The next positive event would be a push through the resistance at $1875.
8. Please click here now. Double-click to enlarge this silver chart. Interestingly, the most recent arrival of gold at the $1788 buy zone happened with silver trading much higher than the first time.
9. That’s a nice sign of strength in the market.
10. Please click here now. For almost 30 years, I’ve followed the superb work of economist Steve Hanke.
11. Investors should take note of his prediction of a super cycle in the “commods”, and of his statement that 95% of what appears in mainstream media is false or irrelevant.
12. I’ve suggested that America (and the entire western world) is likely at a point in the commodity and inflation cycle much like the period of 1966-1970.
13. Steve watches the M4 money supply, which is a broader calculation than M1 or M2. It includes T-bills and commercial paper.
14. The bottom line is that there is an M4 bull in a global markets candy store, and the charge is beginning.
15. Rather than pinning childish hopes on politicians who are all obsessed with increasing debt and printing more fiat… investors need to allocate to commodities.
16. A tidal wave of inflation is likely coming, and it can build substantial wealth for the people who are correctly positioned.
17. What about bitcoin? Well, please click here now. Double-click to enlarge. I’ve been a vociferous bitcoin proponent for years, but most of the “free money” is likely been had.
18. Now, I want investors to focus on the “DeFi” (decentralized finance) companies and crypto coins.
19. These maverick companies are creating automatic market making for investors. Some of them are functioning like tiny banks; customers can do “flash” (ultra short-term) deposits or loans.
20. The bottom line: small is better, and I highlight both the older “blue chip crypto coins” and the important DeFi action in my blockchain newsletter.
21. For the US stock market, growth stocks may soon run into trouble while the brick/mortar companies begin to shine. Even with the Corona vaccines that are questionable at best, institutional money managers will pour money into the market with a herd approach. My focus is short-term trading of TQQQ, which I cover in my swing trade newsletter. I also trade the leveraged NUGT and JNUG ETFs there.
22. The miners? It appears that the gold stocks reaction is nearly complete. Mining stock enthusiasts should note that the component stocks in the GOAU ETF tend to do better than the GDX stocks when an uptrend is in play.
23. Please click here now. Double-click to enlarge this daily GOAU chart. There’s an inverse H&S bottom pattern in play.
24. A move above $20 could jumpstart the next major rally. It would create a breakout above the H&S neckline and would see GOAU and many component stocks surge out of their down channels. A two-day close above $20 is what I’m looking for… and it could happen this week!

ThreeD Capital Inc. (CSE:IDK / OTCQB: IDKFF) a venture capital firm focused on investments in companies in junior resources, blockchain, artificial intelligence and psychedelics, among other sectors, recently announced it will begin reporting its Net Asset Value (NAV) on a monthly basis.

With access to monthly NAV reports, investors will be able to see approximately how the company’s portfolio has performed from the prior month, so they no longer need to wait for quarterly numbers. The NAV will be disclosed by ThreeD Capital in an official press release and will be made available on its website approximately 15 days after month-end.

Chairman and CEO of ThreeD Capital, Sheldon Inwentash, spoke to the announcement, saying: “ThreeD believes that providing monthly NAV updates will be beneficial to our shareholders by providing information that is useful to understanding our performance. This measure will help provide a benchmark to evaluate our business relative to that of our peers”.

For over 30 years, Sheldon Inwentash has been providing financing to hundreds of public and private start-up companies. Collectively, the dealings have reached a fair value of $800 million. Inwentash and his team at ThreeD Capital provide investors with significant exposure to ground-floor opportunities involving early-stage companies. Prior to ThreeD Capital, Inwentash led merchant banking firm, Pinetree Capital, where he created significant shareholder value in the mining and technology industries.

In a series of recent company announcements, ThreeD Capital has also disclosed it acquired securities of Electric Metals (USA) Ltd. through two private placements for a total of $530,000. Electric Metals is a US-based resource company focused on their 100% owned Corcoran Canyon Silver Project in Nevada and Emily Manganese Project in Minnesota.

Further, Electric Metals signed a definitive scheme implementation agreement with NBS Capital Inc. (NBS) (TSXV: NBS.P). NBS will change its name to Nevada Silver Corporation, reflecting the focus of Electric Metals on its principal Nevada silver asset.

Sheldon Inwentash has agreed to come on as Chairman of the Board of Directors to NBS, which will take effect upon the closing of the transaction.

Inwentash commented: “ThreeD Capital prides itself on discovering great companies before they become known to the general investment community, and EML is no exception. With 100% ownership of a US-based primary silver-gold asset with existing resources and significant upside potential, I am confident EML will deliver exceptional value to IDK shareholders.”

Additionally, ThreeD Capital acquired 600,000 units of ZeU Technologies Inc. at a price of $0.25 per unit. All securities issued and issuable in connection with the offering are subject to a statutory hold period expiring on May 8, 2021.

When looking for companies to invest in, Inwentash describes the process as one that takes a primarily active, hands-on, value-added investor approach. In many cases, ThreeD Capital serves as strategic advisors to the companies it invests in, concentrating on forming partnerships to further develop these businesses.

Inwentash explains that the biggest difference between ThreeD Capital and Pinetree, the previous investment firm he led, is the size of the portfolio.

“At Pinetree, as much as we took a hands-on approach, we took a very big portfolio approach where we were passive. In the case of ThreeD Capital, we are almost an extension of the management team, so we are doing much fewer investments than Pinetree did,” he said.

As for the future, ThreeD Capital is looking to invest in a pipeline of companies in the disruptive technologies space, as well as in the junior mining and mineral space.

1. While gold feels solid and good news is appearing, silver and bitcoin continue to be the private money world’s brightest lights.
2. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2gold1.png Double-click to enlarge this short-term gold chart. If gold trades above $1875, the rally will gain more momentum.
3. There is also a small inverse H&S bottom pattern on the chart, which is positive.
4. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2bigleagues1.png A significant import duty cut was announced for both gold and silver in India yesterday.
5. That should put a major floor under the gold price and open the door to a test of the $2089 high.
6. There is more good news for gold investors. To view it, please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2goldplaza1.png The Chinese government wants the yuan higher and the dollar lower. US president Biden seems to want that too.
7. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2gold2.png Double-click to enlarge. The big picture for gold investors is all about buying into $1767 and selling into $2089.
8. A buy signal for my key weekly chart 5,15 moving average series would be positive, as would a fresh 14,5,5 Stochastics series buy signal.
9. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2better1.png Double-click to enlarge this spectacular bitcoin chart.
10. Sadly, most US citizens appear to be “election bugs” more than private money metal or bitcoin bugs. They wasted a lot of time fighting over which fiat-oriented president should be elected, rather than buying bitcoin (and silver) at the key price zones I highlighted for them.
11. The simple fact is that at a price of $35,000, bitcoin is 35 thousand times better than the dollar!
12. I suggest investors think hard about that fact. It’s a great way to look at the bitcoin private money light, as it shines brightly for savvy investors.
13. My crypto focus is now more on the skyrocketing alt coins. Investors who are interested in this incredible asset class can take immediate wealth building action with my https://gublockchain.com newsletter.
14. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2silver1.png Double-click to enlarge this “bright silver lights” chart.
15. While traders had to be sellers yesterday, investors with no silver, and who failed to buy at my latest key buy zone of gold $1788…
16. They need to get some silver on the table right now. Silver is a major asset. It is one of the big three private currencies, along with gold and bitcoin.
17. A move through $30 could see silver shoot to $40, and perhaps to $50!
18. Investors who want to participate in short-term trading could check out my https://guswinger.com newsletter, where we just booked large profits on the leveraged silver AGQ-NYSE ETF.
19. What about the gold stocks? Well, please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2goau.png Double-click to enlarge this weekly GOAU chart. The $18 area is an enormous support zone and the 14,5,5 Stochastics oscillator is significantly oversold.
20. A move above the 20 line for Stochastics on a crossover buy signal would probably be accompanied by an upside breakout over the downtrend line.
21. More “bump and grind” in the current price zone is likely, but investors with a long-term horizon should be accumulating GOAU and some of the component stocks right now.
22. The “Reddit Revolution” is likely going to feature back and forth action; the shorting funds and their US regulator enablers will strike back. Tuesdays seem to be a day when the metals temporarily meet their shorting fund maker, so to speak.
23. Many of these funds have deep pockets. They have significant credit lines with major banks. The bottom line: No revolution of size is bloodless, and gold and silver bugs should expect to bleed on the battlefield!
24. Regardless, investors should stay focused on government debt, potential inflation, and the rising gold-oriented empires of China and India. The shorting funds are obvious bullies. Having said that, the price dips created by their vile actions are great opportunities to buy positions, join the Reddit revolution, be a part of history, and… build significant wealth!