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Yahoo! Finance: SI=F News
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Sun, 06/28/2020 – 04:35
Source: Bob Moriarty for Streetwise Reports 06/28/2020
Bob Moriarty of 321gold explains why he is investing in this company with a project in Bolivia.
I expect to get very boring over the next few months. While I have been warning for years of a massive financial collapse coming to the world few people actually get it. We are in a depression. There is $250 trillion worth of debt in the world that will never be paid. It is going to grow far worse than it is today. What the Fed and Central Banks around the world have done is feeding fuel to the fire. The banking system is going to collapse through a series of cascading defaults making their way through the system.
The multi-month lockdown has done more psychological damage to the inmates than the damage from the virus. Some 40 million Americans who have lost their jobs combined with the lockdown has brought riots and civil disorder to hundreds of cities in the US. When you add to those two factors the issue of simple envy, you have the ingredients for massive civil disorder.
Most people would casually ignore envy as a factor in revolution and riots but that may be a mistake. In a famous and oft-duplicated experiment scientists showed how envy caused even monkeys to literally “go off.” I’m not a fan of 45-minute videos and it confuses me as to why those sending them out believe that everyone has hours a day to watch long videos. But in this short and sweet two-minute clip, you will see exactly why Americans are angry at the giant divide between the 1% with their ever growing wealth and the 99% who haven’t had a real increase in wages in 40 years.
We have civil disorder. We have no real leadership from the fools running either political party and things are going to get a whole lot worse. The 30-somethings have opened hundreds of thousands of brokerage accounts and are pouring money into such brilliant day trading investments as Hertz as it goes into bankruptcy under the theory that the Fed will bail out even the most poorly run companies in the US. That’s probably going to turn into a very bad bet. When I was young we believed that Robin Hood stole from the rich and gave to the poor. Today Robinhood steals from the poor and gives to the rich. No doubt that will end badly.
One day soon the mob of feckless young idiots with more dollars than cents will discover the wonderful world of junior mining stocks. When that shift takes place we shall see a boom as the world has never seen before. Some of the dumbest investments in mining stocks will go up fifty-fold. So I am going to write about a lot of juniors who are beginning to realize it’s time for them to start beating the drums and telling their incredible stories.
Many years ago I went to Bolivia and looked at a couple of silver projects in the Potosi Silver District. I have not been to the Iska Iska mine of newly formed Eloro Resources Ltd. (ELO:TSX.V; ELRRF-OTCBB) but I’ve been within spitting distance. I know the area.
Eloro President Tom Larsen is smart enough to associate with some of the top people in mining; Bill Pearson formerly of the Jacobina Mine in Brazil found their Bolivian project for them. Iska Iska is in the heart of the Potosi Silver District that produced over 60% of the silver during the 17th century. Eloro has an option of the project that required them to provide 250,000 shares to the vendor and another 250,000 shares over time. The financial payment for 100% of the project is $10 million CAD within four years.
The company has taken underground channel samples that are simply absurd, measuring Silver 35.5 – 694 g/t, Gold 0.31 – 28.6 g/t Au, Zinc 1.05 – 16.95% Zn and Lead 0.41 – 16.95% Pb. If you took the worst of each of those samples for each element it would be $67 a ton rock. In Bolivia that is economic.
Just last week the company announced they were in preparation for a 2,500 meter underground drill program as soon as the country lifts the virus restrictions. On the very positive side, Doctor Bill Pearson is their senior Technical Advisor. Quinton Hennigh has been added as an additional Technical Advisor and the company is well cashed up having just completed a $1.5 million private placement.
While Iska Iska is their primary focus for just now, Eloro has another project in Peru in the
Eloro owns 82% of the La Victoria gold project. While La Victoria has world class potential for now 80% of Eloro’s focus is on their Iska Iska silver mine.
With Drs. Bill Pearson and Quinton Hennigh doing the technical planning and me telling the story, how can you go wrong? Even Eric Sprott is an investor but he invests in everything associated with silver.
I wasn’t quick enough to participate in their recently closed private placement but I was smart enough to go out into the open market and buy some shares. As such and given that they are advertisers, obviously I am biased. Do your own due diligence.
Eloro Resources Ltd.
ELO-V $0.80 (Jun 26, 2020)
ELRRF-OTCBB 46.9 million shares
Eloro 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: Eloro Resources. Eloro 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.
( Companies Mentioned: ELO:TSX.V; ELRRF-OTCBB,
)
Source: Streetwise Reports 06/26/2020
A Laurentian Bank Securities report notes Troilus Gold’s new drill results from the final holes of its latest drill campaign demonstrate expansion potential.
In a May 14 research note, Laurentian Bank Securities analyst Jacques Wortman wrote that new drill results from the Southwest Zone (SWZ) of Troilus Gold Corp.’s (TLG:TSX; CHXMF:OTCQB) Troilus project in Quebec “demonstrate expansion potential to the northeast and returned high-grade intervals, characteristic of the company’s geological model and consistent with mineralization in the past-producing Z87 pit.”
These new results, which Wortman presented in his report, are for the last six of Troilus Gold’s 11-hole, 6,000 meter (6,000m), phase 2, Southwest Zone drill program. Phase 1 encompassed seven holes.
Overall, the new findings underscore the “presence and importance of high-grade gold,” the analyst wrote, not only at Southwest but also on the Troilus property as a whole. They also support the company’s geological model that “highlights the trend for high-grade intercepts within broader disseminated mineralized zones related to fold and shear patterns that create high-grade traps,” added Wortman.
He listed some of the best assays of the batch, which come from three of the holes. TLG-ZSW20-181 returned 13.28 grams per ton (13.28 g/t) gold equivalent (Au eq) over 1m within a broader intercept of 1.18 g/t Au eq over 21m.
TLG-ZSW20-186 showed 16.1 g/t Au eq over 1.1m, 1.33 g/t Au eq over 5m and 1.43 g/t Au eq over 5m. TLG-ZSW20-190 demonstrated 46.4 g/t Au eq over 1m.
“We are encouraged by the presence of the high-grade gold traps at the SWZ,” Wortman said. “While some of these structures could potentially be accessed by open-pit mining, there is the potential that deeper mineralization will require underground mining methods, consistent with the resource base at the Z87 and J Zones.”
Troilus Gold is expected to announce sometime this month or next a resource estimate for the Troilus project, which will incorporate all of its recent Southwest Zone drill results.
Laurentian rates Troilus Gold a Buy and has a CA$3.50 per share price target on the stock. The current share price is about CA$0.98.
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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 Laurentian Bank Securities, Troilus Gold Corp., May 14, 2020
Laurentian Bank Securities Inc. and/or its officers, directors, representatives, traders, analysts and members of their families may hold positions in the stocks mentioned in this document and may buy and/or sell these stocks on the market or otherwise.
The Research Analyst’s compensation is based on various performance and market criteria and is charged as an expense to certain departments of Laurentian Bank Securities
(LBS), including investment banking.
Laurentian Bank Securities Inc. may, in exchange for remuneration, act as a financial advisor or tax consultant for, or participate in the financing of companies mentioned in this document.
Within the last 24 months, LBS has undertaken an underwriting liability with respect to equity securities of, or has provided advice for a fee with respect to, this issuer.
The Analyst has visited material operations of this issuer.
This issuer paid a portion of the travel-related expenses incurred by the Analyst to visit material operations of this issuer.
To access Laurentian Bank Securities’ regulatory disclosures, please click here.
( Companies Mentioned: TLG:TSX; CHXMF:OTCQB,
)
“looks great…we’ve added to our position” submitted by Morris Hubbartt Super Force Signals A Leading Market Timing Service We Take Every Trade Ourselves! Email: trading@superforcesignals.com trading@superforce60.com Here are today’s videos […]
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