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Romios Gold Resources Inc

Romios Gold Resources Inc (RG)

0.015
0.00
(0.00%)
마감 05 12월 6:00AM

포트폴리오 강화: 실시간 토론 및 실행 가능한 거래 아이디어.

주요 통계 및 세부정보

가격
0.015
매수가
0.015
매도가
0.02
거래량
-
0.00 일간 변동폭 0.00
0.01 52주 범위 0.025
market_cap
전일 종가
0.015
개장가
-
최근 거래 시간
마지막 거래 시간
재정 규모
-
VWAP
-
평균 볼륨(3m)
54,376
발행 주식
252,114,000
배당수익률
-
주가수익률
-3.03
주당순이익(EPS)
-0
매출
-
순이익
-828k

Romios Gold Resources Inc 정보

섹터
Gold Ores
산업
Gold Ores
웹사이트
본부
Toronto, Ontario, Can
설립됨
-
Romios Gold Resources Inc is listed in the Gold Ores sector of the TSX 벤처 거래소 with ticker RG. The last closing price for Romios Gold Resources was $0.02. Over the last year, Romios Gold Resources shares have traded in a share price range of $ 0.01 to $ 0.025.

Romios Gold Resources currently has 252,114,000 shares in issue. The market capitalisation of Romios Gold Resources is $3.78 million. Romios Gold Resources has a price to earnings ratio (PE ratio) of -3.03.

RG 최신 뉴스

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NexTech AR Signs Deal With Romios Gold Resources Inc.

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Rogers Communications' NYSE Stock Ticker Symbol Changing Tomorrow

NYSE Stock Ticker Symbol to Change from RG to RCI; TSX Stock Ticker Symbols Not Impacted by Change TORONTO, June 14 /PRNewswire-FirstCall/ -- Rogers Communications Inc. ("Rogers") reminds the...

Rogers Media to Acquire Citytv Stations from CTVglobemedia Inc.

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Rogers' NYSE Stock Ticker Symbol Changing Effective June 15, 2007

NYSE Stock Ticker Symbol to Change from RG to RCI; TSX Stock Ticker Symbols Not Impacted by Change TORONTO, June 4 /PRNewswire-FirstCall/ -- Rogers Communications Inc. ("Rogers") announced today...

Rogers Communications to Participate at Upcoming Investor Conference

TORONTO, June 1 /PRNewswire-FirstCall/ -- Rogers Communications Inc. will be participating in the Bear Stearns Annual Technology, Communications and Internet Conference being held in New York...

Rogers Wireless and HTC introduce the powerful TyTN Pocket PC with high-speed HSDPA connectivity on Windows Mobile

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Rogers Substantially Increases Dividend and Introduces Cash Settlement of Stock Options

Annual Dividend Increased from C$0.16 to C$0.50 per Share; TORONTO, May 28 /PRNewswire-FirstCall/ -- Rogers Communications Inc. ("RCI") (TSX: RCI; NYSE: RG) announced today that its Board of...

Rogers Communications Plans Amalgamation with its Cable and Wireless Subsidiaries

Rogers Wireless to Redeem Senior Secured Debentures due 2016; TORONTO, May 14 /PRNewswire-FirstCall/ -- Rogers Communications Inc. ("RCI") (TSX: RCI; NYSE: RG) announced today that its wholly...

기간변동변동 %시가고가저가평균 일일 거래량VWAP
10.005500.010.0150.011062000.015CS
4000.0150.0150.01340030.01458827CS
12000.0150.020.01543760.01616505CS
26000.0150.020.01584010.01457324CS
52-0.01-400.0250.0250.011100230.01520506CS
156-0.02-57.14285714290.0350.0650.011123340.02912555CS
260-0.015-500.030.0750.011153620.03586335CS

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RG Discussion

게시물 보기
antman antman 1 년 전
Romios Announces Non-Brokered Offering
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antman antman 1 년 전
Copperhead options Romios property in the Golden Triangle
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antman antman 1 년 전
ROMIOS REPORTS POTENTIAL FOR PORPHYRY SYSTEM AT DEPTH ON THE KINKAID GOLD-SILVER-COPPER PROPERTY IN NEVADA, USA

insert-text-here
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antman antman 2 년 전
ROMIOS GOLD DISCOVERS HIGH-GRADE GOLD VEINS ASSAYING UP TO 72.6 G/T AU ON THE NORTH WEST CLAIMS PROJECT, GOLDEN TRIANGLE, B.C.

"Romios Gold Resources Inc. has discovered a series of high-grade gold veins, assaying from 12.65 grams per tonne (g/t) gold (Au) to 72.6 g/t Au in four of five samples, on its North West claim block in the Golden Triangle of northwest British Columbia. The veins appear to be controlled by a well-developed set of northwest-southeast trending faults.

John Biczok, PGeo, Romios Gold's vice-president of exploration, commented, "Romios's brief 2022 exploration program on the North West claims resulted in not only the highest-grade gold assays ever found on the property, but also the identification of a set of probable control structures up to one kilometre long that now provides an exciting focus for our future exploration work."

Romios trading at .025 cents (cad) which makes them about a $7 million market cap (cad). Undervalued IMO= long time shareholder-
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antman antman 2 년 전
Trek South project information

Romios discovery at Trek South is drill ready for the upcoming season!

EXPLORATION STAGE
The Trek South porphyry-skarn prospect is now at the drill-ready stage.
Geological mapping, rock sampling, hyperspectral surveys, 3 lines of IP surveying and one line of MT surveying were completed in the 2019-2022 period. An airborne magnetic-EM survey was completed in 2007 and this data has proven very useful in light of the recent work.
Several strong drill targets of considerable extent are evident in the 2022 IP results (up to >800 m long x 250-500 m wide and >600 m deep). These geophysical targets underly the centre of the porphyry system and extend under the Cu-W skarn area.
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antman antman 2 년 전
RG.V great news today from their B.C. property!


ROMIOS GOLD DISCOVERS HIGH-GRADE GOLD VEINS ASSAYING UP TO 72.6 G/T AU ON THE NORTH WEST CLAIMS PROJECT, GOLDEN TRIANGLE, B.C.

Press Release
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antman antman 2 년 전
SIGNIFICANT NEWS IMO!


NOVEMBER 9, 2022

ROMIOS GOLD IDENTIFIES MAJOR GEOPHYSICAL TARGET BENEATH NEWLY DISCOVERED COPPER-TUNGSTEN SKARN AT THE TREK SOUTH PROJECT, GOLDEN TRIANGLE, B.C.

Press Release
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antman antman 2 년 전
ROMIOS GOLD COMPLETES IP-MT SURVEY ON TREK SOUTH TARGET AND REPORTS ON 2022 EXPLORATION PROGRAMS IN THE GOLDEN TRIANGLE, B.C.
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antman antman 2 년 전
Romios has had fairly regular insiders buying happening over the past while as far as I have noticed- Usually a positive sign of things to come.

Lets go gold!
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antman antman 2 년 전
Or some news from the Nevada property which I think is the focus at the moment-
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antman antman 2 년 전
Expecting news soon from their survey of their Trek property in B.C. It was being done by Simcoe Geoscience:

Survey by Simcoe Geoscience=July 07/2022
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antman antman 2 년 전
Romios hires 2 Investor Relations firms: Press Release
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antman antman 2 년 전
Insiders buying more Romios shares again: Link

-This is a pretty steady occurrence. Looking for some action happening soon as they just replaced the CEO position also. Stephen Burega has moved up from being President to now becoming CEO, and he purchased 400,000 shares at .035 cents on August 11, 2022...
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antman antman 2 년 전
Romios CEO Steve Burega has been buying shares on a regular basis:

Share purchases by Steven Burega
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antman antman 2 년 전
Toronto, Ontario – June 20th, 2022:

-Romios Gold Resources Inc. (“Romios Gold” or the “Company”) (TSX.V-RG; OTCQB: RMIOF; Frankfurt: D4R) is pleased to report that it has begun the 2022 exploration field program on 3 of the Company’s projects in the underexplored North Caribou Lake Greenstone Belt (NCLGB) in northwestern Ontario, Canada (Map 1).

-This belt is home to Newmont’s giant Musselwhite gold mine (> 7 million ounces Au in past production and reserves) but has seen relatively little exploration by other companies since the 1980s...

Located just 8 km from the all-weather road into the nearby community of Round Lake...

Press Release
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antman antman 2 년 전
Romios has just issued a press release on their recently acquired Nevada property called Kinkaid:
They have discovered some high grade occurrences on some new zones it appears:

Press Release

"The Kinkaid claims cover 911.2 Hectares (2,252 acres) in Mineral County, 18 km east of the town of Hawthorne, and are largely accessible by road. To date only the gold assays have been received from the April sampling; the multi-element analyses including the copper and silver results are pending.

“We are extremely encouraged now by the shear number of gold bearing veins that we have found on the Kinkaid property, and expect that the pending copper and silver assays will only increase their potential,” stated Stephen Burega, President.
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antman antman 3 년 전
InvestorIntel article by Byron King includes Romios
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antman antman 3 년 전
Right on, I am looking forward to their next big move- Maybe another exploration program, or a joint venture, or possibly more property acquisitions?

Smart money will find this junior soon I think because it has great properties and amazing potential.
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rcaselli rcaselli 3 년 전
Bought RMIOF.
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antman antman 3 년 전
Not sure what you mean by added in the U.S.? The ADR?
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rcaselli rcaselli 3 년 전
Added in the USA, the ADR.


RMIOF
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antman antman 3 년 전
RG.V Insiders buying! Link to purchase

-President Stephen Burega has been purchasing shares on the open market.
Mr. Burega just bought 225,000 shares on Apr 07/22 at .05 cents a shares.
👍️0
antman antman 3 년 전
Another Joint Venture announced!: Press Release

Red Line Project

The Red Line claims cover over 1,851 hectares and are located in the central part of the “Golden Triangle” mineralized district of NW British Columbia. They are situated along the “Eskay Rift” belt of rocks that host the Eskay Creek Au-Ag deposit 30 km to the south.

The original 5 claims were staked by Romios on August 27, 2020 to cover a section of the “red line” contact between Lower Jurassic Hazelton Group rocks and Upper Triassic Stuhini Group rocks, a highly prospective regional contact along which numerous porphyry Cu-Au-Ag and several gold deposits are localised.

An additional claim was staked by Romios on January 21, 2022 when the ground to the south covering an area of fault-related conglomerates came open.
👍️0
antman antman 3 년 전
Lets go Romios!-

Only seeing this one going up in market cap from my viewpoint...
👍️0
antman antman 3 년 전
Press Release-Romios Gold grab samples up to 36.3 g/t Au at Kinkaid

-2022-03-10 09:55 ET

Mr. Stephen Burega reports

ROMIOS GOLD REPORTS HIGH-GRADE ASSAYS UP TO 36 G/T AU, 1,725 G/T AG AND 4.3% CU FROM MULTIPLE PROSPECTS ON THE KINKAID PROJECT IN NEVADA
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antman antman 3 년 전
Romios drills 16.9 m of 3.3 g/t AuEq at Lundmark-Akow
Very Nice!

Press Release

2022-02-14 10:08 ET - News Release


Mr. Stephen Burega reports

ROMIOS GOLD EXPANDS GOLD-COPPER STOCKWORK ZONE ON THE LUNDMARK-AKOW LAKE PROJECT, INTERSECTS 9.8 M @ 5.1 G/T GOLD EQUIVALENT (4.3 G/T AU, 0.46% CU) WITHIN 16.9 M @ 3.3 G/T AU EQ (2.6 G/T AU, 0.39% CU)
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antman antman 3 년 전
ROMIOS ACQUIRES LARGE CLAIM BLOCK OVER TIMISKAMING-TYPE GOLD TARGET AT THE MARKOP LAKE PROJECT ADJACENT TO NEWMONT'S MUSSELWHITE MINE, NW ONTARIO

Press Release


"Very little exploration work has been done in this area but a major forest fire in 2011 has revealed numerous outcrops that have improved the company's geological understanding of the area and researchers have now discovered Timiskaming-age (approximately 2,690 million years) sedimentary and volcanic rocks along this belt. These rocks are the same age as the mineralizing event at the Musselwhite mine..."
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antman antman 3 년 전
Romios receives 4 million share property payment:Press Release
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antman antman 3 년 전
Drilling shows 2 new folded banded iron formations not previously known in the area- Good News~!

-Drill assays pending...stay tuned...

Press release
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antman antman 3 년 전
Discoveries by Romios optionee ENDR in the Golden Triangle

ENDR continued

Romios carries a 2% net smelter return on properties optioned to ENDR
with an option to buy out 1%. This could result in significant income to Romios upon the discovery of a mine, with no further expenditure by Romios.
👍️0
antman antman 3 년 전
Some very good news for Romios!

The company owns 5 million shares of another junior mining company-ENDR.V (Enduro Metals Corporation) and fortunately another payment of 4 million shares and $1 million cash are due to Romios in November.

-These payments are for various properties in the British Columbia "Golden Triangle". Enduro has spent many millions over the past several years in exploration and is very excited with what they have been finding.

-ENDR is currently trading at .25 cents so at current prices that means Romios will hold $2.25 million in Endurometal shares when the next share payment arrives, plus Romios treasury will receive another $1 million in cash as per their original agreement.

-If Enduro shares continue to rise (and the company knows how to market themselves so that is quite possible) Romios will contiue to gain value.

-With a current valuation of around $8-$9 million CAD, Romios could soon be trading at cash value along with a kicker of 4 or 5 highly regarded properties under their control as well!

-Plus drill results will be coming soon from their Lundmark-Akow Lake cu/au property near the Musllewhite Mine in the Kenora District.

-Holding shares in these juniors can make you very rich if you get the timing right...
👍️0
antman antman 3 년 전
An outline of the Romios deal with ENDR.V (formerly Crystal Lake Mining) for earning into properties in B.C's Golden Triangle: (A sweet deal for Romios with $1million cash payment plus 4 million shares due at the end of November 2021).

The Deal

To acquire a 100% interest in the 436 sq. km Newmont Lake Project, Crystal Lake must complete the following:

$8 million in exploration expenditures at Newmont Lake over the next three years ($3 million in Year 1 and $2.5 million in each of Years 2 and 3. A total of $508,914 in expenditures made by Crystal Lake since October, subject to verification, will be credited toward the Year 1 commitment through September 20, 2019)
$2 million in cash option payments to Romios as follows: $250,000 on signing of Letter Agreement (paid) and a further $250,000 payable on each of 90 days, 180 days and 270 days following regulatory approval of transaction; a final $1 million payment upon Crystal Lake earning its 100% interest
A total of 12 million shares of Crystal Lake will be distributed to Romios over a three-year period – 4 million each year, with the first 4 million shares issued following regulatory approval of the transaction (subject to normal hold period and a “lock up” provision).


Crystal Lake will be the operator during the earn-in period, which it can accelerate at its discretion, and Romios will have the right to appoint one director to the CLM board.

Romios will retain a 2% Net Smelter Returns Royalty (NSR) on the Newmont Lake Project, or on any afteracquired claims within a 5 km radius of the current boundary of the project, which may be reduced at any time to a 1% NSR on the payment of $2 million per 0.5% NSR.

Crystal Lake will issue two million “bonus” shares to Romios in the event one or more NI-43-101 resource estimates collectively exceed one million ounces of gold equivalent resources in the Indicated and Inferred categories, and an additional one million “bonus” shares for each full one million additional ounces of gold equivalent resources which is so documented.

Press Release
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antman antman 3 년 전
Romios update...Drill results coming soon from Lundmark-Akow Lake copper gold project in Northern Ontario- +

-Also a $1 million cash payment plus 4 million shares is due from ENDR.V at the end of November 2021.
(ENDR currently trading at .185 cents so that equals $740,000.00 cad at current share price).

MANAGEMENT’S DISCUSSION AND ANALYSIS for year end June 30, 2021
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antman antman 3 년 전
THERE ARE GONNA BE SOME FIREWORKS SOON!
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MWM MWM 3 년 전
It's turning into a party over here!
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antman antman 3 년 전
Current Lundmark-Akow Drill Project Info


Previous drilling:

"Drilling and geophysics in 2017 and 2019 traced the VMS alteration zone 7 km and led to discovery of 3 VMS zones so far. Best zone grades 1.26% Cu and 2.4g/t Au / 3.25 m."

"Drilling on NW claims discovered the most significant gold intercept in the belt outside of the Musselwhite mine property: 8.64 g/t Au / 4.75 m in a quartz-(pyrrhotite) vein."
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antman antman 3 년 전
I have owned Romios for years also-
The company has had excellent ground in the Golden Triangle forever and did a deal with Enduro Metals a couple of years ago which was very nice for Romios as they got about $8 million in cash plus shares in the other company if I recall correctly.

-Now they are drilling their 100% owned Lundmark-Akow property which is 18 km away from the Musslewhite Mine in Northern Ontario and has a lot of the sae characteristics.

Very excited about this!
👍️0
MWM MWM 3 년 전
I was really really early here lol!
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EdF EdF 3 년 전
So this is a good one? I will buy many shares Monday since you are a lover of this stock. Thank you Mr MWM. May you find many more blessings like G*ME.
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MWM MWM 3 년 전
Hey Dumbass check the date of my post…

2011
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totffe totffe 3 년 전
Why are you pumping something out of the blue on this board. Go away.
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totffe totffe 3 년 전
Well, you are late to the game. Buy Monday at open unless we blast off with a gapper. Buy it anyway.
👍️0
strongwave strongwave 12 년 전
Hi,

just joined the forum. Seems quite empty here.

Any interesting news lately on Romios?

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whitesnow whitesnow 13 년 전
She's picking up some highs :) and a bit of volume.
👍️0
MWM MWM 13 년 전
Yikes!

👍️0
MWM MWM 13 년 전
Chen Lin: Betting on Gold and Silver Stock
Source: Brian Sylvester of The Gold Report (8/26/11)
http://www.theaureport.com/pub/na/10703
(special thanks to diggg)

Chen Lin stumbled into investing. While working on a doctorate at Princeton, he turned $5,411 in his wife's retirement account into $1.5 million. In his newsletter, What is Chen Buying? What is Chen Selling?, Lin shares the fruits of his analytical aptitude. In this exclusive interview with The Gold Report, Lin reveals his latest finds in undervalued gold miners, and why he has high hopes for silver, too.

Companies Mentioned: Barkerville Gold Mines Ltd.- Franco-Nevada Corp.- Helio Resource Corp. - Majescor Resources Inc. - Mercer International Inc. - Pretium Resources Inc.- Prophecy Platinum Corp. - Prophecy Resource Corp. - Romios Gold Resources Inc. - Teck Resources Ltd. - Yamana Gold Inc.

The Gold Report: With gold trading around $1,800+/ounce (oz.), famous precious metals investor Eric Sprott announced that he is selling 2 million units, or $30 million (M), of the Sprott Physical Gold Trust. Sprott then said he would take that cash and put it into silver, which he called "the investment of the next decade." What do you think of his long-term silver strategy?

Chen Lin: Silver and gold are both precious metals, but they move at different times. Right now, the gold:silver ratio is a little bit over 40. Obviously, Sprott is more bullish on silver versus gold. I take a pretty even point of view. I like gold. I like silver. I know that historically the gold:silver ratio is much lower than it is right now. I checked Chinese history and it's about 10:1. Even China has much less gold than the rest of the world and is richer in silver. We could have a much lower ratio, which means silver would outperform gold going forward, but personally I'm betting evenly on gold and silver.

TGR: Another interesting development is that Venezuelan President Hugo Chavez has announced that he will nationalize all of the remaining non-state-owned gold mining operations in the country. Is this announcement likely to affect the share prices of small-cap companies operating in other countries with leftist leaders, like Bolivia or Peru?

CL: I think it's possible. What Chavez is doing will probably destroy the country's gold mining industry because it needs the juniors to lay the groundwork so the majors can dig out the gold. If Chavez nationalizes, it will probably lower the gold production. I think one day he will regret that. It will increase concerns about the political risk in countries that have those close ties to Chavez.

TGR: Recently, we saw the Dow Jones Industrial Average drop a little over 400 points in a day. What's your outlook for gold? Are we going to see $2,000/oz. gold before the end of 2011?

CL: It's very possible. I personally do not want to see the parabolic move of gold. I hope gold doesn't rise as fast as silver did in the second half of last year. But in the back of my mind, I think gold could do that. There is a dramatic difference between this year and 2008, however. In 2008, gold initially went down along with the stock market. This year gold went up as the market went down, which means investors believe gold is the place to put money. I read a report that some banks in China have low gold inventories because individual investors are buying gold like crazy. It's very possible gold goes to $2,000/oz., but I hope it goes slower. I invest in gold. I have gold exchange-traded funds, gold futures, silver ETFs and silver futures on my recommendation list. But I hope they go up gradually.

TGR: Do you fear a correction?

CL: I hope we have some correction. I expect that the margin will increase another six times before gold has a real correction. That probably will push into early next year. Usually the gold season is strong from September into Chinese New Year. A severe correction could come in February.

TGR: You've said that you are seeing a decoupling of gold stocks versus stocks in the broader market. Can you explain that?

CL: Now, when the market takes a huge dive, gold goes up. Quite a few stocks, including Yamana Gold Inc. (TSX:YRI; NYSE:AUY; LSE:YAU) and Franco-Nevada Corp. (TSX:FNV) actually went up into the green. Many others, such as Pretium Resources Inc. (TSX:PVG), are up as well. Majors will start to stabilize and move up despite the stock market going down. As things stabilize, the juniors will likely catch up. As gold moves up, gold stocks are likely to outperform gold for the rest of the year.

TGR: Your investment success is somewhat legendary. You took about $5,000 in 2002 and turned it into about $1.56M by the end of 2010. Even as your portfolio regressed this year, it's only by 10%. What's changed in 2011 that is making it more difficult to find small-cap companies poised for big gains?

CL: This year has been difficult. The resource stocks got hit as investors took profits and ran. Fortunately, I have a pretty diverse portfolio. I have stocks, ETFs and futures. It is a very difficult year for small-cap companies, but I see some great opportunities. I'm ready to buy because investors are selling gold stocks indiscriminately. This is the time to buy. There are some great opportunities for investors that have a relatively long-term vision.

TGR: So then, what is Chen buying?

CL: Pretium, which I mentioned earlier, is run by Bob Quartermain, the founder of Silver Standard Resources Inc. (TSX:SSO; NASDAQ:SSRI). Management is really key at gold and silver companies. There are tons of companies that just go nowhere. The management raises money to pay themselves. With great management, like Bob Quartermain, there is a proven track record. He doesn't just grant options to management. He buys them. He bought shares on the market like every other shareholder. He has a couple of projects that are becoming very promising in British Columbia, which I am visiting next week.

TGR: Is that the Snowfield Project?

CL: Yes. Pretium is in low-grade Snowfield and high-grade Brucejack. I think the Snowfield Project will likely do a deal with Seabridge Gold Inc. (TSX:SEA; NYSE.A:SA). Quartermain is more focused on the high-grade area with about 15 kilograms/ton of gold. Some people don't believe it. They say it must be silver. It's gold. That is what he is focused on. He is looking to do a very high-grade underground operation, which was permitted before. He just needs to reapply for a permit and get into production.

TGR: The company has a positive preliminary economic assessment, but it really hasn't produced a dramatic rise in the stock price.

CL: That was based on previous results. In the new drilling tests, the company intersected a lot more gold. That will help them when people realize the valuation of the deposit. Another catalyst would be the deal with Seabridge and a major investing in the lower-grade area. The feasibility study is not very high, but the company used a conservative gold price. Eventually, people will catch up with it.

TGR: What are some other names on Chen's radar screen?

CL: Barkerville Gold Mines Ltd. (TSX.V:BGM) has been on my list for a pretty long time. I like the company. I met the management. The stock has already gone up pretty significantly since my recommendation. However, it recently has been in consolidation, which could be an entry point. The company keeps making progress. It keeps producing gold, which means it can generate a lot of cash flow at the current gold price. That will fund its next move versus going into the market begging for money.

TGR: Barkerville is planning to mine about 50 thousand ounces (Koz.) from the QR Mine this year. Is it on target?

CL: I will be following that very closely. As long as the company is producing gold, it should be doing fairly well. As long as it can produce, even if it's not 100% as planned, the higher gold price will compensate. If the company can make its target, that will be a great bonus.

TGR: Has Barkerville forward-sold any of its gold or is it fully exposed to the gold price?

CL: No, it is fully exposed to the gold price. You don't want to invest in any company that has hedges in place. Then it would be selling gold at maybe $1,000/oz. when it could be getting $1,800/oz. or more.

TGR: Barkerville has about 937 Koz. outlined in all categories. That is still a pretty small operation. Do you believe that as the company produces gold and takes some of that money to further exploration, it will continue to discover more resources?

CL: The company is getting good drilling results. I'm sure when it updates its new resource, it will be much higher. Once the company starts to get into a good financial situation, it will do more exploration. Gold is prolific in that area—there is a lot to find.

TGR: What else is Chen buying?

CL: There is a very small company called Majescor Resources Inc. (TSX.V:MJX) that just announced fantastic drilling results. The stock is actually up about 89% right now. It's a very tiny company with about a $20M market cap. It's drilling next to Newmont Mining Corp.'s (NYSE:NEM) latest project in Haiti. Newmont's chief executive said it is one of his most important projects. It's had fantastic drilling results of 77 grams over 10 meters (m). It's very shallow at about 100m deep. Plus, it has many other intersections with very high-grade gold and copper. For this market cap, it looks very promising.

TGR: It's trading between $0.25 and $0.30. Is that a good entry point?

CL: I think the current price still looks very good.

TGR: How high could it go and still be a good entry point?

CL: There are heavy insider purchases at $0.20. I think anything between $0.20 and $0.30 is a great buy.

TGR: Majescor is effectively almost like an exploration arm for Newmont at this point. Does Newmont have a position in it?

CL: No, but Majescor has a mining license while Newmont is still applying for a mining license. That makes them a very good target for Newmont.

Haiti is on the same island as the Dominican Republic, which hosts one of the largest gold mines in the world. Since the earthquake, the U.N. is trying to help the country create jobs. One of the key areas it is looking at is mining. Haiti could be opening up and this could be a hot new mining area in the world.

TGR: What's another name, Chen?

CL: I just visited Prophecy Platinum Corp. (TSX.V:NKL; OTCPink:PNIKD; Fkft:P94P). It's in the Yukon, very close to the Alaska border and only about 10 miles from the Alaskan highway. It just announced a NI 43-101 for about 12 million ounces (Moz.) of platinum, gold and palladium. The key for the company is to have very high grades. Right now, it has consolidated a little bit as the company is probably going to raise money. Sprott just announced it bought about 10% in the open market. I would assume Sprott would probably participate in one of many raisings. Then we can potentially consolidate the stock and it could go higher.

TGR: It also has a producing coal mine in Mongolia, correct?

CL: That's actually its parent company, Prophecy Resource Corp. (TSX.V:PCY). Prophecy Resource owns 45% of Prophecy Platinum, which is a spin-off. Prophecy Resource is also a very interesting story because Prophecy Platinum's price almost covers the entire market cap. You've got a producing coal mine almost for free.

TGR: It just discovered a substantial coal seam in Mongolia about 20 kilometers away from its existing coal mine, which actually hasn't had any effect on the stock to date. It certainly could be a promising find in the future.

CL: Exactly. There are bargains almost everywhere. Investors are just selling by emotions. There are a lot of opportunities and Prophecy is a perfect example. It owns 45% of Prophecy Platinum. You can calculate the market cap. It doesn't make sense, but the market still treats it like this. I bet the market probably won't treat it this way for too much longer.

Another is Romios Gold Resources Inc. (TSX.V:RG; NASDAQ:RMIOF; Fkft:D4R), which I am going to visit next week as well. It is drilling the Trek Property in northwestern British Columbia, right next to NovaGold Resources Inc. (TSX:NG; NYSE.A:NG) Galore Creek Project. It's actually drilling on top of the company's proposed mill site, so drilling results are pending. This stock could have a very explosive movement because its market cap is very small at about $70M.

NovaGold and Teck Resources Ltd. (NYSE:TCK; TSX:TCK.A, TSX:TCK.B) need to build a $1B tunnel to get ore from the other side of the mountain. But if the pair can find ore on the Romios side of the mountain, right on top of the mill, they could save $1B and take the company over. If there are good drill results, Romios will be an easy takeover target for NovaGold and Teck.

TGR: Romios recently found some massive sulfide mineralization at the Trek Property, which is known to host large gold and copper deposits. Can you tell us about those results?

CL: It has a lot more results coming. The assay is pending, but it looks very promising. If it has a grade similar to Tech and NovaGold's Galore Creek, this is a very easy takeover target.

I want to mention another stock that is under the radar, Helio Resource Corp. (TSX.V:HRC), which is drilling in Africa and already has 1 Moz. of gold. Its market cap is very tiny, but it has some very important, pending results coming in the next few weeks. It is drilling to a mere 200m for open-pit gold. If it can upgrade its resource to a few Moz., that could make the company very cheap versus its market cap. It could see some major movement in the second half of the year.

TGR: That is the SMP Gold Project in Tanzania that has multiple zones of gold mineralization at shallow depths. Could that be a target for a company like African Barrick Gold plc (LSE:ABG)?

CL: It's possible. Helio is an exploration company run by geologists. Its goal is to find a deposit and then sell it to the majors. If we use $100/oz. in its existing gold inventory that is already worth $100M and it is looking at a much higher stock price. It could expand dramatically with its recent drilling results. The company is well funded with $8M in the bank. It doesn't have to raise money for a long time.

TGR: Helio is trading at just below $0.30 right now. At what point would you not get into Helio?

CL: I think it is dependent on its drill results and those are unknown. When the stock moves, it can move very fast. With its existing resource, around $0.30 is pretty good. But I don't know what the drill results look like, so that will decide what the new valuation will be.

TGR: On the other side of the ledger, what are you divesting yourself of right now?

CL: I have been gradually selling some gold and silver ETFs. They have appreciated a lot, so I use them as buying power on the dip on the miners. Instead of following Sprott by selling gold and buying silver, I'm reducing a little bit to use that as capital to buy undervalued small-cap gold and silver miners.

TGR: You have had success in pulp, paper and oil and gas. What other sectors do you believe are poised for growth?

CL: I like the pulp sector, including the company Mercer International Inc. (NASDAQ:MERC). There are a lot of very undervalued energy stocks, as long as oil finds a floor somewhere in the $60–$70/barrel range. China does not have enough strategic oil reserves. If oil really dips, China would probably use the opportunity to build up more oil reserves. India has no strategic oil reserve. The pressure is on both countries to stock up if oil dips. In 2008, the worldwide oil demand only dipped like 1–2%. As long as investors stay with low-cost producers with good balance sheets, they will ride out the storm.

TGR: Any parting thoughts for us?

CL: I think this market correction will create a lot of opportunity for us. The market is putting a lot of pressure on the European leaders to get their acts together. There is a lot of pressure on Federal Reserve Chairman Ben Bernanke to do another round of quantitative easing. I hope the outcome will have some stabilizing effect on the market. In the meantime, when investors are selling everything, that's a very good buying opportunity.

TGR: Excellent. Thanks, Chen.

Chen Lin writes the popular stock newsletter What Is Chen Buying? What Is Chen Selling?, published and distributed by Taylor Hard Money Advisors, Inc., publisher of J. Taylor's Gold, Energy & Tech Stocks newsletter and Roger Wiegand's Trader Tracks. Using his wife's Roth IRA account, Lin invested $5,411 in December 2002, and by December 31, 2010, it was worth $1,188,993—with no cash added. You can see his portfolio chart here.

A doctoral candidate in aeronautical engineering at Princeton, Chen found his investment strategies were so profitable that he put his Ph.D. on the back burner. Chen worked in the Internet and computer area where he founded a few start-up companies. After the tech bubble burst of 2000, Chen was able to move his technology portfolio into the resource sector with considerable success. Chen employs a value-oriented approach and often demonstrates excellent market timing due to his exceptional technical analysis. To subscribe to Lin's What Is Chen Buying? What Is Chen Selling? newsletter, click here or call Claudio Bassi at (718) 457-1426.

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DISCLOSURE:
1) Brian Sylvester of The Gold Report conducted this interview. He personally and/or his family own shares of the following companies mentioned in this interview: None.
2) The following companies mentioned in the interview are sponsors of The Gold Report: Barkerville Gold Mines Ltd.; Franco-Nevada Corp., Pretium Resources Inc., NovaGold Resources.
3) Chen Lin: I personally and/or my family own shares of the following companies mentioned in this interview: All of the stocks. I personally and/or my family am paid by the following companies mentioned in this interview: None.
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MWM MWM 13 년 전
Novagolds recent news...

checkmate28 Share Tuesday, July 26, 2011 12:32:45 PM
Re: stock_peeker post# 25680 Post # of 25682

RG.v I think this press release below is what is bringing in the attention right now. I spoke with RG Pres Tom Divas yesterday and I didn't get the opinion that drill results were coming that fast. They have 3 drills and planned 12000 meters this summer. Nova Gold setting up infrastructure that they will negotiate to use at later date. He said labs are busy right now. Electricity is the main problem up there. Gov is going to spend 400 mil to build that out and the area will explode IMO. He was very conservative with what he said. This is my entry position into the Golden Triangle based on market cap per short term catalysis and future growth potential. Now looks like good timing.

NovaGold Reports Progress on Galore Creek Prefeasibility Study

June 23, 2011 – Vancouver, British Columbia – NovaGold Resources Inc. (NYSE-AMEX: NG, TSX: NG) announces significant advancement towards completion of the prefeasibility study on its Galore Creek copper-gold-silver project ("Project”) located in northwestern British Columbia. The study is being prepared by Galore Creek Mining Corporation ("GCMC”), owned equally by subsidiaries of NovaGold Resources Inc. ("NovaGold”) and Teck Resources Limited ("Teck”).

Completion of the prefeasibility study is expected by the end of July 2011 and AMEC Americas Limited, an independent supplier of engineering and project management services, is concurrently preparing a National Instrument 43-101 compliant technical report. Upon receipt of the technical report, NovaGold will announce the results and file it on SEDAR and EDGAR within 45 days of the announcement.

The partners have approved a $30.5-million budget to carry out further work on the Project during the remainder of 2011. Planned work includes infill drilling to convert inferred mineral resources to measured and indicated categories, geotechnical drilling on the tunnel alignment and geotechnical drilling to confirm open pit slopes in areas targeted for conversion of inferred mineral resources. GCMC will also complete further environmental and engineering work in preparation for feasibility level studies.

"Completion of the prefeasibility study will be an important milestone as we work with Teck to optimize the Galore Creek project,” said Rick Van Nieuwenhuyse, President and CEO of NovaGold. "Galore Creek is one of the most significant copper-gold projects in the world. Its timely development is important for all stakeholders, including Federal and Provincial governments as well as First Nation communities of northwestern British Columbia.”

During the second quarter of 2011, Teck completed its funding requirements of $373 million to earn its 50% interest in GCMC. The Project will move forward with Teck and NovaGold equally funding further Project development.

About the Galore Creek Project

Located in northwestern British Columbia, Galore Creek is one of the world's largest undeveloped copper-gold-silver deposits, owned equally by wholly-owned subsidiaries of NovaGold and Teck Resources and operated by GCMC. The Galore Creek property comprises 293,840 acres (118,900 hectares) of British Columbia mineral claims located within Tahltan Traditional Territory in northwest British Columbia. The project has received a high level of support from local communities, First Nation groups and the British Columbia and Alaska Governments. In February 2006, NovaGold entered into a comprehensive Participation Agreement with the Tahltan Nation, ensuring collaboration between both parties for mine planning, mine operation and environmental protection, and GCMC, NovaGold and Teck continue to work closely with the Tahltan Nation.

About NovaGold

NovaGold is a precious metals company engaged in the exploration and development of mineral properties in Alaska, U.S.A. and British Columbia, Canada. The Company is focused on advancing its two core properties, Donlin Creek and Galore Creek, with the objective of becoming a low-cost million-ounce-a-year gold producer, and offers superior leverage to gold and copper with one of the largest reserve/resource bases of any junior or mid-tier gold company.
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MWM MWM 13 년 전
I've been keeping an eye on this one, just noticed the discussion over on the Value Cap board too...
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tiesto tiesto 13 년 전
Hi Mike, now I'm in 2 with you. Glad to see you have a board here, I have a sneaky feeling it will be heating up in the near term.
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MWM MWM 13 년 전
Romios turning up here chart looks good...

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