Month: December 2021

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More and more Americans aren’t buying the Wall Street fairy tale, no matter how heavily it is promoted.

Consumer prices are rising at the fastest pace in 40 years. The official report for November showed an increase of 0.8% versus October (9.6% annualized) and 6.8% over the past twelve months.

What’s more, the month-over-month increases show inflation accelerating.

Worst of all for the politicians and bureaucrats currently running the nation is that Americans are taking notice and assigning blame.

The Federal Reserve spent the past dozen years creating massive inflation via an endless series of “extraordinary measures,” including zero interest rates and debt monetization.

COVID lockdowns, vaccine mandates, and lavish unemployment benefits sponsored by state and federal governments all contributed to labor shortages which pushed wages and prices higher and reduced the supply of goods and services.

The Biden administration canceled the Keystone oil pipeline and is considering shuttering another, contributing to higher oil prices.

Their fingerprints are all over the rising inflation now leaking out of Wall Street and the housing market and into the rest of the economy.

The ongoing inflation is not just a political liability. It is also an embarrassment to officials like Jerome Powell who has stood out front for most of the year making his truly ridiculous claim that inflation is “transitory.”

It was brazen for Powell to make such a claim, especially as he heads the central banking cartel directly responsible for the 108-year, nearly uninterrupted, decline of our currency’s purchasing power.

The coming year brings the midterm elections. The popularity of the White House resident is in steady decline. If Democrats get blamed for a faltering economy and dramatically higher living expenses, even wide scale election rigging would be unlikely to avert a bloodbath at the polls.

The administration doesn’t want Americans talking about rising prices or voting their displeasure.

Last week, Bureau of Labor Statistics officials trotted out a new inflation-reporting gimmick. They will adjust the formula for measuring CPI.

The two-sentence announcement simply states the index will use consumer expenditure data from 2019-2020. There isn’t enough detail to know exactly what this means, but it looks like an effort to raise the baseline numbers and thereby moderate reported price increases.

Americans will know for sure the fix is in when the headline CPI numbers begin to decline and the financial press starts cheering Biden and the Fed for conquering the inflation dragon.

It is just the solution Americans should expect given the times. Bureaucrats will do nothing to actually shore up the Federal Reserve Note “dollar.” They will rely instead on phony statistics and a coordinated PR campaign.

To be fair, this certainly won’t be the first time CPI calculations have been altered to disguise rising prices. Many skeptics anticipated this move.

We doubt the maneuver fools enough voters to matter. What people experience at the grocery store should outweigh any fake news on inflation.

As Bitcoin made new all-time highs in recent weeks, an increasing number of investors referred to it as the “new gold.”

Sure, Bitcoin and other digital currencies may have some of the same potential benefits as gold, being alternative stores of value that exist outside the banking system. Cryptos are a far cry from hard money, however, and recent price action may be indicative of why.

This last weekend, Bitcoin prices were hammered. Bitcoin declined from just under $57,000 to a swing low of just over $46,000. That is a $10k drop in a matter of days!

Now that Bitcoin has put together a slight rebound, speculators may be wondering if it is safe to jump back in.

The answer to that question is that crypto markets are inherently speculative.

While they likely still have significant upside potential, they also carry unlimited downside risk since they lack any sort of tangible utility that could provide a fundamental floor for demand.

Hard assets including gold will retain value over time regardless of which direction speculators may push or pull prices in the near term. Although the yellow metal has been beaten down over the past few weeks, its declines were nothing like those seen in Bitcoin.

This begs the question of why Bitcoin might fall so precipitously while gold is able to hold its own.

Gold has been used as money for thousands of years. The yellow metal has been considered a reliable store of wealth and protector of value for centuries. Treasured by kings and servants alike, gold is valued all over the world and speaks a common monetary language to its holders.

This is unlike Bitcoin, which has only been in circulation a few years now and has yet to really prove its reliability under stress.

Despite cryptos’ differences from traditional fiat currencies, they are still effectively unbacked assets.

Owning Bitcoin does not put anything in your hand. While cryptocurrency can be exchanged directly for something tangible at a retailer that chooses to accept it, most crypto holders simply hold (or “hodl”) in hopes of appreciation.

Were people to stop expecting Bitcoin to appreciate, then there may no longer be any compelling case for holding it and possibly little market left for it.

Despite what many Bitcoin enthusiasts may tell you, cryptos may also be seized, controlled, or even co-opted by the government if it should decide to do so. This makes cryptos vulnerable to rising political risk as broke, revenue-hungry governments become increasingly rapacious.

Gold and cryptos are unlikely to share a similar market path as the differences between them become more widely acknowledged and visible. While Bitcoin may offer tremendous short-term profit potential, it can be a roller coaster to ride and can shake the nerves of even the most fearless investors.

Gold, on the other hand, is unlikely to experience the extreme price swings of Bitcoin.

The relative smoothness of gold may make it a more viable portfolio diversifier for those looking to protect their wealth and hedge against rising inflation.

After all, isn’t the whole purpose of holding an inflation and economic hedge to eliminate much of the potential risks inherent in other asset classes? It is for this reason that precious metals are likely at some point in the economic cycle to outperform cryptos.

The extreme volatility exhibited by cryptocurrencies renders them unsuitable for the more conservative investor.

Source: The Critical Investor for Streetwise Reports   12/16/2021

With the recently earned-in ownership of 51% in the Independence Gold project, the PEA coming up and potentially a much more important catalyst in Q1 2022, the Critical Investor felt it was time to conduct an interview with CEO Christos Doulis.

Against a backdrop of massive inflation, at highest levels in decades
and initiated by COVID-19 related disruptions of supply chains, Golden Independence Mining Corp. (IGLD:CSE; GIDMF:OTCQB) is working diligently in order to activate a few important catalysts. The first of those that can be expected before year end is the upcoming Preliminary Economic Assessment (PEA), the other one is the renegotiation of the JV terms with vendor America’s Gold Exploration Inc, which could increase the very recently earned-in ownership from 51% to 100%.

Depending on the terms, this could be a very important improvement on valuation for investors. Since these catalysts could both be potential gamechangers, and I’m also interested in exploration plans in order to expand/infill the existing resource, this seems a good time to do a Q & A with CEO Christos Doulis.

The Critical Investor (TCI): It was good to see you at Mines & Money in London, my first conference since PDAC 2020, these are remarkable times for sure. I noticed there were quite a few last minute cancellations, but you decided to come out in person anyway? 

Christos Doulis (CD): I thought it was important to start meeting with investors face to face, particularly given our imminent completion of the earn-in and formation of the Joint Venture with AGEI at the time.

TCI: Let’s turn towards Golden Independence, and start with some basics. As you raised C$2.8M in April, and C$501k in June, your current cash position according to your presentation is C$1.5M. You very recently earned into the initial 51% ownership of the Independence Gold project, so this was right on time before year’s end, and when exactly will the PEA come out?

CD: We will also have the PEA completed before year’s end 2021.

TCI: Are you planning to raise more money soon?

CD: We will have sufficient resources to keep the lights on for well over a year but will need to raise some money to continue advancing the Independence project in 2022. At current prices any capital raise would be small and likely insiders or a strategic investor only.   

TCI: Your current resource already stands at 1.48Moz @1.18g/t Au M&I&Inf, of which 684koz @0.39g/t Au is classified as being near surface oxide mineralization. The underground portion is all Inferred, and much higher grade skarn: 796koz @ 6.534g/t Au. Interestingly this is all drilled by reverse circulation drilling (RC). I was told a while ago that in order to advance to reserves, and in turn a Feasibility Study, you need to have your resource infill drilled by diamond drilling. After looking into it, this doesn’t appear to be true as especially in Nevada lots of oxide deposits are proven up by RC drilling up to reserves. I have two questions for you: a. to what extent do you think the resource could grow when the PEA comes out, and b. why do you need diamond drilling for the skarn resource?

CD: Our near surface resource is about as big as it will get, and although additional drilling can add some ore, the total near surface (ie heap leach) project scale is unlikely to grow based on our current footprint. We use RC drilling for the shallow near surface resource but require core drilling for the deeper skarn resource.

TCI: What exploration plans do you have for the skarn resource, and do you have a size target in mind?

CD: Our current skarn resource is 796,200 ounces of gold. We believe the Independence property has the potential to host up to two times that amount of high-grade skarn material.

TCI: As you are focusing on the oxide open pit component, and I made some assumptions in my last analysis on Golden Independence economics, something caught my eye in the presentation. Despite high recoveries for heap leach (around 80%) and a near surface 684koz Au resource available, it is mentioned that the company currently believes just a 7y LOM with 35koz AuEq per annum is achievable. Could you explain to me why such a small total production number of 245koz AuEq is contemplated, as the resource is much larger?   

CD: Our initial near surface resource was unconstrained by metallurgy and as we advance to a PEA we will lose quite a few ounces as we better understand the redox boundary now and where the sulfides (with much lower recoveries) begin in earnest.

TCI: As you are well aware, such production numbers could result in lower NPV5 figures. Could you disclose your ballpark estimate where the PEA might be heading in this regard, and if the current market cap of C$6.58M still is very undervalued like it seemed earlier this year at a higher share price?

CD: Heap leach projects of this scale are generally in the US$40M to US$60M NPV5 range. Clearly there is upside potential in our shares from the near term cash flow potential of the heap leach as well but the really big part of the story is the world class potential of the high grade skarn at depth.

TCI: Since investing is all about share price appreciation, there are various ways to achieve this in this case. Besides an increasing gold price which is not within the span of control of the company, the resource could grow, PEA economics could improve, but also the JV deal terms could improve. Could you tell us what your ideas and potential upside are on all three subjects, if you can disclose?

CD: Our private partner, AGEI, currently holds a 49% interest in the project but I hope to induce AGEI to consolidate 100% of the project in Golden Independence as it will make a cleaner investment vehicle and M&A target. We are also looking at potentially growing the project by regional M&A as there are several orphan heap leach deposits nearby that do not merit stand-alone development due to size but could well be part of a larger development scenario. Given our close proximity to the operating Phoenix Mine, if we could strike a deal with the operator NGM to utlize their infrastructure such as power we could also reduce capital costs at the Independence project. Discussions are ongoing.

TCI: We discussed at another time the potential to consolidate the Virgin Deposit, Buena Vista and the Sunshine Pit, to create and develop a comprehensive cluster of mineralized envelopes. There is also the opportunity to approach the deeper located skarn resource from the North Midas Pit, in case NGM buys the company. What is the current status of these negotiations if you can disclose?

CD: Negotiations are ongoing but were unable to begin in earnest until the Joint Venture was formed allowing clarity on 100% of the project.

TCI: I also understood you were in talks with Barrick, could you elaborate more on this?

CD: They are our neighbor and we are in regular dialogue regarding development of the Independence project

TCI: As drilling around super hole AGEI-32 (24.4m grading 9.11 g/t Au and 25.2 g/t Ag, all oxides) was something very special, the Phase II drill program didn’t return equally stunning results unfortunately  ( highlighted by 13.7m @ 1.5g/t Au, 15.2m @ 1.89g/t Au, 25.9m @ 1.06g/t Au, 30.5m @ 1.19g/t Au and 21.3m @ 1.7g/t Au). Notwithstanding this, most results are actually within open pit boundaries.

I wondered if the stellar drill hole was simply an outlier, or could the company still be looking to more high grade oxides?

CD: We are definitely looking to find more high grade material at Independence.

TCI: In your presentation you are planning an updated resource estimate in Q4, 2022. What is your target for the new resource by then, and do you have a final target in mind?

CD: It is hard to opine on that now given that we have no active program planned yet, until we raise more cash. The upcoming new resource estimate for the PEA will build on our May resource and incorporate an additional 12 holes. I’m not anticipating a huge increase in the resource from the 12 holes. Furthermore, with the inclusion of metallurgy our total mineable resource is likely to decrease relative to our current metallurgically unconstrained resource.

TCI: Something I didn’t really wrap my head around are the permitting timelines in the presentation. Does this mean Golden Independence doesn’t need to do an Environmental Impact Statement (EIS) of 18-22 months but just an Environmental Assessment (EA) of 8-12 months? Is the company already proceeding with baseline studies etc?  

CD: We operate under the EA regime which is basically an amendment to an existing EIS. We are well advanced on environmental and other baselines studies to advance the heap leach portion of the project to production.

TCI: What is the status of the lawsuit regarding a different view about compensation for the Independence Project?

CD: Our initial court date in set for July 2022. No further comment.

TCI: I noticed the Hilo spin-out. What is actually the benefit for the company?

CD: The benefit is for our shareholders that now have an additional equity in their portfolio.

TCI: We discussed a potential uplisting to the Venture earlier this year. To me Golden Independence looks like a no brainer for institutional investors, but often they have no mandate for CSE stocks. What is the status of this possibility?

CD: It is very possible we will move to TSXV in the future.

TCI: As we are nearing the end of this interview, do you have anything else to add for the audience?

CD: It has been a terrible year for gold but I urge your readers to recall the old adage to “Buy when others are selling”. We have significantly de-risked the project and company over the last year and yet our shares are at their lowest. To me this looks like a great time to buy Golden Independence,

TCI: Thank you for your time.

This concludes the Q & A with CEO Christos Doulis, and should provide readers with an adequate update of his plans with Golden Independence for now.

Conclusion

With another wave of COVID-19 coming, tax loss selling approaching peak levels, a Fed doubting whether it should taper or not, inflation running wild and the gold price stagnating around US$1800/oz, Golden Independence seems to focus on its own subjects, as they earned into a 51% of the JV, a PEA is coming out within weeks, and hopefully in Q1, 2022 a successfully renegotiated deal with the arm’s length vendor. As the PEA economics will likely not surprise to the upside, this renegotiation is extremely important to Golden Independence from a valuation standpoint. After this the company could look at further expanding the resource, and especially the deeper underground skarn mineralization. The skarn is of interest for Nevada Gold Mines, which owns the Phoenix Mine complex literally a stone throw away, since Phoenix ran out of exactly the same type of ore and is mining low grade skarn at the moment. Let’s see if CEO Doulis can successfully navigate Golden Independence through these volatile markets.

I hope you will find this article interesting and useful, and will have further interest in my upcoming articles on mining. To never miss a thing, please subscribe to my free newsletter on my website www.criticalinvestor.eu, in order to get an email notice of my new articles soon after they are published.

All currencies are in US Dollars, unless stated otherwise.

The Critical Investor is a newsletter and comprehensive junior mining platform, providing analysis, blog and newsfeed and all sorts of information about junior mining. The editor is an avid and critical junior mining stock investor from The Netherlands, with an MSc background in construction/project management. Number cruncher at project economics, looking for high-quality companies, mostly growth/turnaround/catalyst-driven to avoid too much dependence/influence of long-term commodity pricing/market sentiments, and often looking for long-term deep value. Getting burned in the past himself at junior mining investments by following overly positive sources that more often than not avoided to mention (hidden) risks or critical flaws, The Critical Investor learned his lesson well, and goes a few steps further ever since, providing a fresh, more in-depth, and critical vision on things, hence the name.

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The author is not a registered investment advisor, and currently has a long position in these stocks:  Golden Independence Mining Corp. and America’s Gold Exploration Inc. Golden Independence Mining Corp. and America’s Gold Exploration Inc. are sponsoring companies.

All facts are to be checked by the reader. For more information go to the companies’ websites and read the company’s profile and official documents on www.sedar.com, also for important risk disclosures. This article is provided for information purposes only, and is not intended to be investment advice of any kind, and all readers are encouraged to do their own due diligence, and talk to their own licensed investment advisors prior to making any investment decisions.

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Source: The Critical Investor for Streetwise Reports   12/16/2021

The Critical Investor catches up with CEO Jason Weber of Alianza Minerals about the company’s latest endeavors with Cloudbreak Discovery and the status of their other projects.

Now that Alianza Minerals Ltd. (ANZ:TSX.V; TARSF:OTCQB) successfully completed the 2021 drilling campaign at its flagship Haldane silver project in the historic Keno Hill Mining District, it has more time on its hands to branch out into other projects.

Under the Southwest U.S. Copper Alliance, Alianza and partner Cloudbreak Discovery acquired the Stateline Copper project, located in Colorado and Utah, and announced it on Nov. 29, 2021. A few days later, both companies completed a surface sampling program at their recently acquired Klondike Project, also located in Colorado, including chip samples up to 4.6m @ 1.56% Cu. Although both partners were excited and defined a high priority drill target, the Klondike Project was optioned out soon after this to Allied Copper Corp. (CPR:TSX; CPRRF:OTCQB), on Dec. 7, 2021.  

The Klondike deal seems pretty profitable, as according to Alianza Chief Executive Officer Jason Weber, Alianza and Cloudbreak paid only CA$20,000 and an additional $40,000 in cash/share payments for the property. Besides this, the Alliance spent CA$52,000 for a reconnaissance program consisting of mapping, stream sediment sampling, and rock sampling.

This program further defined existing drill targets at the West Graben Fault and East Graben Fault targets, and rock sampling and mapping successfully expanded the footprint of both targets and identified a new target named the Northeast Fault. Sampling at the Northeast Fault returned 1.56% Cu and 1.4 g/t Ag over a 4.6m chip sample of altered Jurassic sandstones of the Saltwash member of the Morrison Formation:

As can be seen, the scale of the zones of interest are of significant size. All costs combined for the Alliance were CA$105,000. I wondered why Allied Copper was so interested, as some samples are indeed very high grade for copper samples, but usually you see entire grids of sampling results before drilling is undertaken. Weber had this to say about this: “One of the prime targets at Klondike is the copper mineralization hosted in the fault structures. While the mineralization sampled on surface is interesting, we want to jointly test these structures and prospective sandstones at depth for their potential to host high grade copper. Allied is focused on copper in the U.S. and not afraid to test earlier stage targets so the concept at Klondike was appealing to them. Strong copper mineralization at surface suggests a compelling subsurface target.”

Allied Copper obviously agreed with Weber, and optioned the property on generous terms:

• Allied will incur an aggregate of CA$4.75M in exploration expenditures on the property, with at least CA$500K to be spent prior to the first anniversary of the closing date.
• Allied will issue 7 million common shares and make an aggregate of CA$400,000 in cash payments to the Alliance over a three-year period.
• Upon completion of these option agreement obligations, the Alliance will transfer 100% interest in the Klondike Property to Allied. Allied will also issue 3 million warrants exercisable for a three-year term at a price equal to the 10-day VWAP of Allied’s common shares at the time of the issuance.
• The Alliance will retain a 2% net smelter royalty which is subject to a buy down provision where Allied may, at its discretion, repurchase half of the royalty for CA$1.5 million within 30 days of commercial production.

Allied Copper traded Dec. 8, 2021 at CA$0.24 per share, so 7 million shares would be CA$1.68 million of payments in equity at the same share price over three years, which is pretty impressive considering the buying price. On top of that there are also 3 million warrants, of which the 10d VWAP is very close to the aforementioned CA$0.24. If Allied files on SEDAR an NI 43-101 technical report establishing the existence of a resource on any portion of the Klondike Property of at least 50Mt of either copper or copper equivalent at a minimum cut-off grade of 0.50% copper or copper equivalent and categorized as a combination of inferred resources, indicated resources and measured resources, then Allied will also issue a further 3 million warrants exercisable for a three-year term at a price equal to the 10-day VWAP of Allied’s common shares at the time of the issuance.

Looking at the total price Allied has to pay over three years (closing in on CA$3M excluding the royalty), it seems Alianza has found a new way of much more aggressively adding value to properties. I wondered what the chances are for Allied to fulfill all obligations, and if this short trajectory from acquiring properties to completing quick exploration programs to optioning out/selling is a new model for Alianza.

Weber answered: “We are always looking at new ways to structure agreements to give potential partners greater flexibility and we try to push the exploration timeline when it comes to structuring exploration expenditures. Allied wants to be aggressive testing projects so the accelerated timeline in the agreement suits their objectives very well.”

So far for the Klondike transaction. The Stateline project was purchased from the underlying vendors for a very small US$20,000 cash payment and a further US$40,000 payment in the form of cash and/or shares. The project is road-accessible year-round, via a network of roads through the valley, including those supporting access to the Lisbon Valley Mining Complex (LVMC).

The project is comprised of 22 mining claims on federal mineral rights managed by the BLM. Ground covered by the current claims was at one time part of the LVMC claim package.

The highlights of the Stateline Copper project are:

• 148 hectare property covering Paradox Basin sedimentary package in San Miguel County, Colorado, and San Juan County, Utah
• Favorable stratigraphy known to host sediment-hosted copper deposits in the Paradox Copper Belt including the producing Lisbon Valley Mining Complex (LVMC), 8 km to the northwest
• Exposed copper oxide mineralization at surface within host sandstone units bearing strong similarities to copper deposits along trend at the LVMC
• Mineralized outcrops have yielded assay results up to 1.6% copper and 1.7 grams per tonne (g/t) silver and 0.45% copper and 2.1 g/t silver.

The Stateline project is located approximately 40 kilometers southwest of Naturita, Colo., covering the state boundary between Utah and Colorado at the southeast end of the Lisbon Valley. This property lies within the Paradox Copper Belt, which includes the producing LVMC. There are numerous historical copper occurrences that have been identified throughout the belt, however, many of these have not been explored using modern exploration techniques.

At Stateline, historical exploration was conducted as part of the regional programs associated with the LVMC. Previous explorers reported copper mineralization highlighted by results of 1.6% copper and 1.7 g/t silver in outcrop. Mineralization visible in outcrop occurs as disseminated malachite, which may be amenable to modern open pit mining with Solvent Extraction Electro Winning (SXEW) processing similar to the LVMC. The mineralization noted to date is interpreted to be the southeast extension of the Flying Diamond mineralization, which is a current target of interest associated with the Lisbon Valley Mining Complex.

I wondered what his goals are with Stateline, and if it wasn’t possible to also option/acquire claims located more on the brownish marked zones on the map, and/or closer to the LVMC. He stated: “The alliance is working to bring in a partner on Stateline to test the potential extension of the Flying Diamond target LVMC has defined. LVMC has claims right up to the Stateline claim block and they are actively exploring in the valley between the mine and Stateline, so little or no ground is available for acquisition.”

Besides all these copper related ventures, the flagship project remains the Haldane Silver project. CEO Weber expects to drill further step-outs around Q2, 2022, as targeting of those holes is on its way now with an in depth evaluation of the results, and relating them to geological observations in drilling. Weber expects they will have a better idea of the size and scope of the next program around in the new year.

Despite the solid drill results at Haldane this year, the share price appears to be side-ranging since March of this year and even breaking down further since November, creating the typical tax loss selling lows right before the Christmas holidays:

It was clear the solid follow up drill results at Haldane didn’t receive much enthusiasm, as investors probably liked to see multiple/ongoing intercepts of four digits for grade. Exploration isn’t that way unfortunately, and more patience seems to be required. Since this is reality at the moment, I like Alianza venturing into copper projects more actively these days as copper stories get more traction since the copper price performs much better than silver.

Alianza isn’t a one project one metal play, so I’m not too worried about company changing flavor of the day strategies here. The current cash position stands at CA$250,000, and Weber is looking to raise money in the new year.

As the exploration plans at Haldane revolved around growing the West Fault target, and revisiting Middlecoff and their new Bighorn target, to follow up on the new vein targets discovered in 2019 drilling, I’m curious what the current status of these plans is, and when they will be announced. Weber answered: “As mentioned earlier, the planning is ongoing. Once some of the logistical plans have been settled, we can layout the drill program and the prioritized collar locations. That will help determine which holes we drill and at which targets, however, West Fault will remain the primary target for the 2022 program. We will announce the program once the preparations have been completed in early 2022.”

Besides Haldane, the company is working at Twin Canyon in Colorado, and Tim Silver in the Yukon. They are working on a drill permit for Twin Canyon, which is expected around January. Regarding the Tim project, Coeur Mining, the operator of the JV, has completed a reconnaissance exploration program, which included a SkyTEM airborne geophysical survey that was followed up by mapping, trenching and soil geochemical surveys. According to Weber, results of this program are not complete yet, but Coeur has indicated its desire to conduct additional trenching and followed by diamond drilling in 2022. Alianza will likely get the results of the 2021 program in the New Year.

Regarding the Yanac Copper project in Peru, despite new president Pedro Castillo being vehemently anti-mining, management is actively talking to potential partners in order to drill test the copper porphyry target here, discussions are still ongoing.

As a reminder, the strategy of the alliance is to acquire and explore copper deposits in the United States, more precisely in Arizona, Colorado, New Mexico, and Utah. Under the terms, either company can introduce projects to the Strategic Alliance. Projects accepted will be held 50/50 but funding of the initial acquisition and any preliminary work programs will be funded 40% by the introducing partner and 60% by the other party. I wondered if the Alliance has other transactions coming up soon, and Weber stated: “The Alliance is looking at new targets as well as finding a partner for Stateline and it is possible that there is more news in January.”

Conclusion

After Haldane drilling completed and all drill results being published, Alianza management isn’t sitting on their hands, and seems to be venturing into copper based transactions at the moment, with Alliance partner Cloudbreak Discovery. The terms on the Klondike deal are impressive, and imply a remarkable improvement on acquisition costs for the Alliance. Although Haldane is the flagship project, it might be an interesting addition for Alianza to add a copper flagship project to the story as well, since copper trades close to multi-year highs and generates more interest from investors due to the electrification paradigm shift, meaning high copper demand is here to stay.  

I hope you will find this article interesting and useful, and will have further interest in my upcoming articles on mining. To never miss a thing, please subscribe to my free newsletter on my website www.criticalinvestor.eu, in order to get an email notice of my new articles soon after they are published.

The Critical Investor is a newsletter and comprehensive junior mining platform, providing analysis, blog and newsfeed and all sorts of information about junior mining. The editor is an avid and critical junior mining stock investor from The Netherlands, with an MSc background in construction/project management. Number cruncher at project economics, looking for high-quality companies, mostly growth/turnaround/catalyst-driven to avoid too much dependence/influence of long-term commodity pricing/market sentiments, and often looking for long-term deep value. Getting burned in the past himself at junior mining investments by following overly positive sources that more often than not avoided to mention (hidden) risks or critical flaws, The Critical Investor learned his lesson well, and goes a few steps further ever since, providing a fresh, more in-depth, and critical vision on things, hence the name.

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The author is not a registered investment advisor, and currently has a long position in these stocks. Alianza Minerals Ltd. and Allied Copper Corp. are sponsoring companies.

All facts are to be checked by the reader. For more information go to https://goldterracorp.com/ and read the company’s profile and official documents on www.sedar.com, also for important risk disclosures. This article is provided for information purposes only, and is not intended to be investment advice of any kind, and all readers are encouraged to do their own due diligence, and talk to their own licensed investment advisors prior to making any investment decisions.

All charts and graphics provided by the author.

Streetwise Reports Disclosures:
1) The Critical Investor’s disclosures are listed above.
2) The following companies mentioned in the article are sponsors of Streetwise Reports: Allied Copper Corp. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Allied Copper Corp. Please click here for more information. 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 decision to publish an article until three business days after the publication of the 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 Allied Copper Corp., a company mentioned in this article.

( Companies Mentioned: ANZ:TSX.V; TARSF:OTCQB,
CPR:TSX; CPRRF:OTCQB,
)