Month: July 2020

Gold hits 8.5-yr high, backs off on profit taking  Kitco NEWS

As third quarter trading kicks off following a tumultuous first half of the year, investors are hoping for an auspicious July.

Both stocks and precious metals posted impressive advances in the second quarter. The S&P 500 finished the April-June period with a gain of nearly 20%, its best quarterly performance since 1998. The Dow Jones Industrials, meanwhile, posted its best quarter since 1987.

It’s worth noting that in 1998 – and more famously in 1987 – the stock market also suffered a sharp 20%+ decline during the second half of the year.

In a volatile trading environment for equities, a big move in one direction tends to beget a big move in the other. We’ve already seen a big move lower earlier this year – and a subsequent move higher that was nearly equal in magnitude.

The bull run has seen the shares of leading tech giants, including Amazon, Apple, and Microsoft, hit new all-time highs. Smaller brick-and-mortar companies tied more directly to the fortunes of the real economy haven’t fared so well.

The question going forward is whether the broad stock market will correct to reflect a hollowed-out economy that remains partially locked down… or whether stocks will continue to move higher in response to artificial fiscal and monetary stimulus.

Until the Chinese virus stops spreading (and politicians stop constricting economic activity in response), we will likely see the above-mentioned divergences persist and market volatility remain heightened.

Conventional fundamental analysis should be thrown out the window.

In this environment, it is quite possible that Wall Street will be celebrating the S&P 500 hitting a new record in the second half of 2020 at the same time as economic misery on Main Street hits a new low – and major U.S. cities descend into chaos amid violent protests and de-policing.

These are strange and scary times. While investors can hope for a return to normalcy in the months ahead, they shouldn’t count on it.

“These are the times that try men’s souls,” wrote American Revolutionary Thomas Paine (“The American Crisis,” December 19, 1776). He added, “Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph.”

In order for investors to triumph during a period characterized by a deadly pandemic, economic despair, unhinged markets, unlimited Quantitative Easing, social unrest, and deepening divisions, they need to be prepared for the next big shoe to drop. A crisis in the U.S. banking or political system – or in the U.S. dollar itself – could be coming.

These are the times that call for gold (and silver). Owning financial insurance may never have been more important.

Gold and silver markets racked up impressive gains of their own in the second quarter. Gold in particular finished on a high note – closing Tuesday at $1,789, its highest level since 2012.

If gold’s recent upside breakout garners immediate follow through, a new all-time record high may be only a few days away.

A new all-time record high for gold may be only a few days away.

Gold is up 18% year to date, far outperforming the stock market. Despite rallying strongly off its lows, the Dow is still down 9% for 2020. The tech-heavy Nasdaq is up 12% for the year, but even it is underperforming gold.

Regardless of whether artificial stimulus injections propel stock market averages higher in nominal U.S. dollar terms, they could continue to lose value in terms of sound money (gold and silver).

When economic and political fears are running high and the Federal Reserve’s printing press is running on overdrive, that combination is like rocket fuel for precious metals markets.

To quote Thomas Paine once again, “What we obtain too cheap, we esteem too lightly.”

A flood of Federal Reserve Notes pumped into the banking system, the Treasury bond market, the junk bond market, and directly into Americans’ pockets through “stimulus” checks is cheapening the value of the currency and severing the link between economic productivity (i.e., work) and reward.

It’s much harder to mine gold or silver out of the ground than it is to expand the supply of fiat currency.

That makes hard money less convenient from the standpoint of politicians and bankers. But it also ensures that, unlike paper or digital representations of money, gold and silver coins will always be esteemed for their intrinsic value.

Source: Streetwise Reports   06/30/2020

Recent drill results and project model changes, leading to an increased target price on Troilus Gold, are outlined in a Canaccord Genuity report.

In an April 24 research note, analyst Tom Gallo reported that after updating its gold price forecast, Canaccord Genuity increased its target price on Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) to CA$1.70 per share from CA$1.20. Troilus stock is now priced at CA$1.03 per share.

Canaccord increased its projected gold price to US$1,716 per ounce from US$1,631. Given this environment, Gallo also reported, new discoveries at the Troilus gold project in Quebec are “shining light on better potential project economics.” Canaccord’s estimated net asset value of the Troilus gold project increased to CA$594 million from CA$242 million, excluding the CA$72 million in value of the non-priority underground resource there.

Gallo reviewed Troilus Gold’s recent new discovery in the Troilus project’s Southwest zone, and noted that based on drill results from that, Canaccord added to its Troilus model 353,000 ounces at 1.1 grams per ton (1.1 g/t) gold in additional conceptual resources.

In Southwest, the drill bit encountered grades above 2 g/t gold at significant widths, which “support the potential regional scale of this mineralized system,” highlighted Gallo. TLG-ZSW20-189, one of several highlight holes, demonstrated high-grade intercepts at Southwest. It returned 1.56 g/t gold equivalent (Au eq) over 73 meters (37m), including 2.05 g/t Au eq over 48m; 1.23 g/t Au eq over 6m from surface; 0.98 g/t Au eq over 13m including 1.9 g/t Au eq over 3m and 2.17 g/t Au eq over 2.2m.

Gallo pointed out that the strike length at Troilus, currently extending 4.5 kilometers from the J zones to the Southwest zone, is noteworthy. He wrote that it “could have positive implications for a potential future large operation, especially in a high gold price environment” despite the property’s overall lower grade.

Canaccord Genuity has a Speculative Buy rating on Troilus Gold.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Troilus Gold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Disclosures from Canaccord Genuity, Troilus Gold Corp., Raising Target Price, April 24, 2020

Analyst Certification: Each authoring analyst of Canaccord Genuity whose name appears on the front page of this research hereby certifies that (i) the recommendations and opinions expressed in this research accurately reflect the authoring analyst’s personal, independent and
objective views about any and all of the designated investments or relevant issuers discussed herein that are within such authoring
analyst’s coverage universe and (ii) no part of the authoring analyst’s compensation was, is, or will be, directly or indirectly, related
to the specific recommendations or views expressed by the authoring analyst in the research, and (iii) to the best of the authoring
analyst’s knowledge, she/he is not in receipt of material non-public information about the issuer.

Analysts employed outside the US are not registered as research analysts with FINRA. These analysts may not be associated
persons of Canaccord Genuity LLC and therefore may not be subject to the FINRA Rule 2241 and NYSE Rule 472 restrictions on communications with a subject company, public appearances and trading securities held by a research analyst account.

Required Company-Specific Disclosures (as of date of this publication)

Troilus Gold Corp. currently is, or in the past 12 months was, a client of Canaccord Genuity or its affiliated companies. During this period, Canaccord Genuity or its affiliated companies provided investment banking services to Troilus Gold Corp.
In the past 12 months, Canaccord Genuity or its affiliated companies have received compensation for Investment Banking services from Troilus Gold Corp.
In the past 12 months, Canaccord Genuity or any of its affiliated companies have been lead manager, co-lead manager or comanager of a public offering of securities of Troilus Gold Corp. or any publicly disclosed offer of securities of Troilus Gold Corp. or in any related derivatives.
Canaccord Genuity or one or more of its affiliated companies intend to seek or expect to receive compensation for Investment Banking services from Troilus Gold Corp. in the next three months.
An analyst has visited the material operations of Troilus Gold Corp. Partial payment was received for the related travel costs.

( Companies Mentioned: TLG:TSX; CHXMF:OTCQB,
)

Source: Bob Moriarty for Streetwise Reports   06/30/2020

Bob Moriarty of 321gold discusses the latest developments in Japan with this company.

In February when I was writing about Irving Resources Inc. (IRV:CSE; IRVRF:OTCBB) I put in some pictures of rocks from Irving that Quinton sent me. I polished them and had a jeweler friend make buckles out of them.

I did the polishing. Maurice put up the gold. I am way too cheap to be buying gold buckles for him.

I’ve known Quinton for over a dozen years now. He’s smarter than me. Hell, he’s smarter than Barb was and she was smarter than me. Because Quinton tends to dress in Goodwill basic, people underestimate him.

Quinton’s playing 3-D Chess when everyone else thinks it’s Chinese Checkers. It’s not. There is purpose in everything he does. He and Akiko Levinson have the perfect relationship. She Captains the boat and he adjusts the sails now and again. I know a lot about the background, we talk constantly.

When you create a mining company or put a mine into production, you need to make sure you haven’t painted a bulls-eye on your back with a sign on your head saying, “I’m stupid.” Many a poor young lad has believed he has made his fame and fortune only to find out someone snatches it away for cents on the dollar while he was setting up his marbles ready to play.

Quinton is always thinking about the future. He wants to help create Japan’s leading gold mining company but not to see it snatched away by someone with deep pockets. So he keeps thinking about how he can balance one side off by another. He needs to be making alliances where everyone is marching in the same direction.

And to a large extent the market doesn’t understand the importance of Akiko being Japanese and understanding the nuances of Japanese culture. This is really simple. No Canadian company is going to come in and let the Japanese know how things are done. The Canadian company either becomes Japanese or thinks Japanese or they fail.

Irving has released two press releases that if the market actually understood what they mean over the long term, the shares would be in double digits.

A week ago Irving announced they are in discussion with Shimadzu Ltd about doing something with them on the Yamagano Mining License. Those mines have been held for almost four hundred years by one of the most important families in Japan, the Shimadzu Clan. It is the nearest mine to the famous Hishikari gold mine. It has never had a drill hole or any modern exploration.

The Shimadzu family is not about to go into the gold exploration business. They are in other areas of Japanese business. But them agreeing to talk about terms on advancing Yamagano is nothing short of incredible. And pretty much ignored by the market.

On June 26^th after the market closed, Irving dropped news of another stupendous coup, that of inviting Sumitomo in as a strategic investor for $2.5 million USD. Irving doesn’t need the money. And for Sumitomo it is not even chump change; chump change is a lot bigger.

What it is represents a three-way deal between Sumitomo, Newmont and Irving. That’s not unlike an eight-year-old prodigy being invited to the World’s Cup of Chess. But even child prodigies grow up one day.

I’ve participated in a lot of private placements in Irving. I’ve bought shares in the open market and they are an advertiser. Right now they are my largest position. Naturally I am biased so I encourage all potential investors to do their own due diligence.

Irving Resources
IRV-C $3.54 (Jun 29, 2020)
IRVRF OTCBB 55 million shares

Irving Resources website.

Bob Moriarty
President: 321gold
Archives
321gold

Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

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Disclosure:
1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Irving Resources. Irving Resources is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Irving Resources, a company mentioned in this article.

( Companies Mentioned: IRV:CSE; IRVRF:OTCBB,
)

Source: Peter Epstein for Streetwise Reports   06/30/2020

Peter Epstein of Epstein Research digs into recent news from Portofino Resources, which now has prospects on four gold properties in Canada and two lithium brine assets in Argentina.

Note: Au = Gold, Ag = Silver, Cu = Copper, Zn = Zinc, Cu Eq. = Copper Equivalent at spot prices

It has been a busy six weeks for Portofino Resources Inc. (POR:TSX.V; POT:FSE). Six press releases have been issued. I will reiterate the key takeaways.

But first an update on Portofino’s South of Otter (SOT) property in the Red Lake mining district of northwestern Ontario. Although SOT is a priority, all four properties will likely see exploration this year.

South of Otter: ~9 kilometers (~9 km) from Great Bear’s Dixie project

The 5,207-hectare SOT project is 40 km southeast of Red Lake, Ontario, and about 9 km east of Great Bear Resources Ltd.’s (GBR:TSX.V; GTBDF:OTCQX) very high-grade Dixie project. In the past, SOT was the subject of large-scale geophysical surveys designed to target base metals. However, in 2001 Goldcorp completed a property-wide compilation and interpretation of prior ground and airborne magnetic data to assess the potential for gold. Due to a lack of outcropping rocks, minimal follow-up work was done.

Management just completed a field program of prospecting and geological mapping along strong conductors identified in the company’s winter electromagnetic (EM) ground survey. A total of 32 samples were collected to test various styles of mineralization, lithologies and alteration.

The work program included prospecting, detailed structural mapping and outcrop channel sampling based on conductors found in the geophysical survey announced on May 14. A lack of detailed historical work enables Portofino to undertake meaningful programs, guided in part by the successes of neighboring exploration companies.

In addition to the collection of 32 samples, significant semi-massive to massive sulfide mineralization was discovered along a newly identified, 1.6-km-long fault zone. This zone is located ~500 meters (~500m) south of previously identified gold soil sample anomalies and EM conductors. A total of 12 samples were collected along this (deformation) zone to test for the presence of Au, Ag, Cu and Zn.

Notice in the image below that drill holes (DH)/historical resources include: DH: 1.5% Cu + 6.3% Zn (3.7% Cu Eq.) over 3.4 m; 110,000 tonnes @ 0.5% Cu + 12.5% Zn (4.9% Cu Eq.); DH: 1.4% Cu + 7.3% Zn (4.0% Cu Eq.) over 9.5 m; 100,000 tonnes @ 1.0% Cu + 10% Zn (4.5% Cu Eq.).

Further prospecting and geological mapping on the margins of this fault zone identified alteration in the volcanic wall rock. Many gold deposits in Ontario are either directly hosted in this type of mineralization or exist in close relationship to it and a fault zone. Other projects containing this signature, along similar deformation zones, include GBR’s Dixie and the Uchi Lake gold mine. Once additional permits are received, Portofino will proceed to trenching / drilling.

Three new gold properties secured in past month

These are exciting times for Portofino. Management had an opportunity to pick up additional low-cost properties with gold showings, so they did. All three properties are located in historical and current mining districts with ample infrastructure and easy access. In addition to Red Lake, management expects activity in the Atikokan area to heat up this summer. A number of companies are increasing their exploration there.

Portofino began negotiating and planning to lock up gold properties in Ontario when gold was around US$1,400/ounce (oz). Today (June 24), August gold futures are at US$1,786/oz, a gain of ~28%. Therefore, without a single new drill hole on any of its four controlled properties, I argue that the value of the company’s assets has meaningfully increased.

On June 11, Portofino announced the execution of a binding agreement to acquire six claims (869 hectares) in the Atikokan district, also in northwestern Ontario. The Melema West property is located 28 km northeast of Atikokan, and 5 km north of the Quetico Fault. Agnico Eagle Mines Ltd.’s (AEM:TSX; AEM:NYSE) Hammond Reef gold deposit is ~19 km northwest of Melema West. Hammond Reef hosts a large, near-surface Measured and Indicated resource of 4.5 million ounces of gold.

Grab samples taken in 2019 assayed as high as 10 g/t gold. The Young-Corrigan vein system ranges in width from 1 to 15m and was mapped over a strike length of at least 170m. Positive gold values demonstrate that an additional undocumented gold-bearing structure potentially exists on the Melema West property.

CEO David Tafel of Portofino commented on the Melema West property: “The gold-bearing structures in this area are extensive, well documented and traceable for >30 km. Recent land acquisitions by Agnico Eagle, contiguous to Melema West, supports the idea that Portofino is strategically well placed. The undocumented and unexplored Young-Corrigan Shear Zone is a compelling exploration target.”

On May 27, Portofino executed a binding agreement to acquire three claims totaling 1,147 hectares. The Sapawe West property is 9 km northeast of Atikokan, just north of the Quetico Fault, and 2.5 km west along strike of the past-producing Sapawe Gold mine. Portofino has initiated the compilation and reinterpretation of all available historic data on the property and is proceeding to develop exploration targets for a summer field program.

Hammond Reef, located ~13 km north of the Sapawe West property, is in a structurally active portion of the Steep Rock Greenstone Belt. Similar to the structure associated with Hammond Reef, Sapawe West hosts a possible northeast trending splay from the Quetico Fault.

CEO Tafel commented on the Sapawe West property: “We are excited to acquire this strategically located property. The nearby past-producing Sapawe Gold mine, the visual results from Falcon Gold’s drill program along the same geological corridor, and the lack of drilling on the property, makes for a compelling exploration target. We look forward to commencing initial field work.”

This news came just a week after executing a binding option agreement for the right to acquire a 100% interest in the Gold Creek property. The block comprises three mining claims, is easily accessible by road, and covers ~1,010 hectares.

Historical activity at Gold Creek included:

· From 1967 to 1973, prospecting, mechanical stripping/trenching and rock sampling of quartz vein occurrences in the district.

· In 1983, geological mapping, magnetic and VLF-EM surveys further assessed the area.

· In 1985, and from 1987 to 1989, Noranda Exploration conducted extensive work, [exploring] the area with an airborne magnetic and electromagnetic survey, ground magnetic and electromagnetic surveys, selective radiometric and gravity surveys, geochemical sampling, geological mapping/overburden stripping, and rock sampling.

Inco Gold conducted an exploration program in 1989–90, which consisted of grid line cutting, magnetic, VLF-EM and geological mapping surveys, trenching, rock sampling and two diamond drill holes. Two grab samples assayed 13.2 g/t and 64.2 g/t gold.

Significant gold mineralization has been traced along a 1.5 km strike length, with grab samples returning values up to 759 g/t = 24.4 ounces/tonne (from an OGS property visit), and diamond drill intersections in 2008 of up to 2.3 g/t over 8.3m.

CEO Tafel commented on the Gold Creek property: “This transaction allows us to continue to build our gold portfolio within the easily accessible, active and historic gold mining area of northwestern Ontario. Multiple visible gold occurrences reported by previous operators is very encouraging, and gives our technical crew a head start in planning initial exploration activities.”

Gold Creek is characterized by geology similar to that documented in the Kirkland Lake area, where numerous gold showings occur in a broad range of lithologies. Visible gold sometimes occurs within the mineralized veins. Management has initiated the compilation and re-interpretation of all available historic geochemical and geophysical data at Gold Creek to develop exploration targets for summer field work.

Conclusion

Portofino is up +225% from its three-year low, but its market cap is only CA$3.2M. In addition to the four properties described above, the company has two lithium brine assets in Argentina that could be worth millions of dollars (Canadian) once energy metals regain popularity. If management could farm out one or more gold/lithium properties, it could reduce already low cash burn to virtually zero. Shareholders would have a free option on the remaining controlled properties.

In looking at peer Red Lake properties (and companies with nearby Atikokan area properties), the average gain from three-year lows is +1,640%. Even excluding GBR’s staggering performance, the average gain is 2.5 times that of Portofino’s. Perhaps not Great Bear, but others listed on the above chart could be interested in acquiring companies like Portofino to gain additional regional gold exposure.

Another thing to watch for is a potential takeout of Great Bear or Pure Gold Mining Inc. (PGM:TSX.V; PUR:LSE). That event would generate even more excitement in the region, shining a light on the dozen or fewer remaining juniors that have all, or substantially all, of their precious metals properties in northwestern Ontario. In British Columbia’s Golden Triangle, there are three times as many names to choose from. Portofino Resources offers a compelling risk-reward proposition.

Peter Epstein is the founder of Epstein Research. His background is in company and financial analysis. He holds an MBA degree in financial analysis from New York University’s Stern School of Business.

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Epstein Research Disclosures/Disclaimers: The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Peter Epstein of Epstein Research [ER], (together, [ER]) about Portofino Resources, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is not to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. [ER] is not responsible under any circumstances for investment actions taken by the reader. [ER] has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. [ER] is not directly employed by any company, group, organization, party or person. The shares of Portofino Resources are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed or registered financial advisors before making any investment decisions.

At the time this article was posted, Portofino Resources was an advertiser on [ER] and Peter Epstein owned shares and warrants in the company.

Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. While the author believes he’s diligent in screening out companies that, for any reasons whatsoever, are unattractive investment opportunities, he cannot guarantee that his efforts will (or have been) successful. [ER] is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. [ER] is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. [ER] is not an expert in any company, industry sector or investment topic.

Streetwise Reports Disclosure:
1) Peter Epstein’s disclosures are listed above.
2) The following companies mentioned in the article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Graphics provided by the author.

( Companies Mentioned: POR:TSX.V; POT:FSE,
)

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