Back on March 20th, 2013, when Alpha Minerals was trading in the $4 range, I put a $15 price target on the company’s shares (source). With the announcement yesterday that Fission Uranium will be swallowing Alpha for roughly $7.67 per Alpha share my prediction has fallen short. Shares of the combined company could still double on a… Continue Reading

Cayden Resources (CYD:TSXV) announced results of its surface program at the El Barqueno project in Jalisco State, Mexico. The company has been doing a focused surface program in order to identify targets for a 5,000m drill campaign they anticipate starting next week.  Trench results at the Pena de Oro target area included 20m of 3.6g/t gold, 8m… Continue Reading

Midway Gold (MDW:TSX) released assays from their joint venture Spring Valley project in Nevada with operating partner Barrick Gold (ABX:TSX).  Barrick earned a 60% interest in the project in April and has exercised its option to earn in an additional 10% by spending $8 million.  Barrick funds 100% of the exploration and development through to… Continue Reading

While many market technicians may cast doubt on the efficacy of the so called “golden cross”, there can be no doubt that this technical signal is especially strong with powerfully trending stocks – Petroamerica Oil is one of these stocks: In the past 3 three years a strategy of simply buying when the 10-week moving… Continue Reading

Just a friendly reminder that Robert Friedland’s Ivanplats has been renamed Ivanhoe Mines and has commenced trading under the symbol IVN on the TSX. Mr. Friedland is touring investors around his properties in South Africa and the DRC this week. Our August 22, 2013 prediction that he would soon send Ivanhoe’s shares above $2 has… Continue Reading

So long Alpha Minerals, you beautiful bastard! Read our past coverage of this tremendous discovery here. Just one week after public talks began to consolidate ownership of the PLS discovery, Alpha Minerals has agreed to sell itself to Fission Uranium for $7.67 per Alpha Share in a news release out this morning. Shareholders of Alpha will… Continue Reading

Stalwart junior resource stock analyst John Kaiser was uncharacteristically enthusiastic in recommending Probe Mines (TSXV:PRB) to Korelin Economics radio subscribers today, saying the company’s Borden Gold project, about 200 km southwest of the Timmins Gold District in Ontario, Canada, has “District scale potential” of its own. Originally Probe Mines thought they had approximately 4 million ounces of… Continue Reading

In reviewing Lumina Copper’s corporate presentation earlier we were amazed at how cool the company’s Taca Taca project looks in photos. This is what the World’s largest copper deposit available for sale (owned by a junior exploration company) looks like. Taca Taca is the “Best deposit in the worst market” Lumina’s largest shareholder Ross Beaty… Continue Reading

NexGen Energy (TSXV:NXE), an Athabasca Basin focused uranium exploration company, has closed a $5 million financing at a price of $.35 per unit (with a half warrant at $.55). The company intended to raise $1.8 million but interest surely sparked from the success at Fission Uranium and Alpha Minerals’ PLS discovery, immediately adjacent to NexGen’s… Continue Reading

After a brief pullback gold is well on its way  to $1500+ at some point in September: Many people are obsessed with “reasons” and “catalysts” for market moves. Of course, there are always reasons which present themselves in the moment but they are rarely presaged with foresight. In fact, most of the widely understood catalysts… Continue Reading

Africa Oil (AOI:TSXV) announced its second quarter results and an update on exploration and operations. The company expects to have a fourth Tullow Oil and Africa Oil JV rig drilled and tested on the 10BB and 13T Blocks in Kenya in October 2013. AOI has also secured a fifth rig for Block 9 in Kenya… Continue Reading

Pretium Resources (PVG:TSX) announces it has entered into a $10 million financing with Liberty Mutual Insurance at a price of $9.35 per share.  The proceeds are to be used to advance the company’s impressive Brucejack project in British Columbia. Readers recall, Liberty Mutual invested $23.5 million into Dr. Mark O’Dea’s True Gold Mining (TGM:TSX).  It… Continue Reading

Andrew Swarthout’s Bear Creek Mining (BCM:TSXV) filed its responses to comments received from the Peruvian Ministry of Energy and Mines on its Corani Silver Project.  The comments were received for the Environmental and Social Impact Assessment which was submitted in December 2012.  The company is guiding a Q3/2013 approval of the license which would enable… Continue Reading

Billionaire promoter and resource developer, Robert Friedland to change name of Ivanplats (IVP:TSX) back to his favorite resource company name, Ivanhoe Mines.  The name change will take effect September 3, 2013 and will trade on the TSX under the symbol “IVN”. “The original Ivanhoe Mines and its predecessor company, Indochina Goldfields, earned international recognition and… Continue Reading

It has been quite a year for Fission Uranium CEO Dev Rhandahwa. A year ago his stock wasn’t performing and he was getting beat up on the internet. Then, in classic mineral exploration fashion, Rhandawa’s fate changed. Lukas Lundin’s Denison Mines paid approx. $70m for Fission’s Eastern Athabasca Basin assets, leaving the spinout company to… Continue Reading