Adrian Day of Global Analyst takes a look at the macro picture in light of Fed Chairman Jerome Powell's more hawkish comments last week and also reviews recent developments at some companies on his list.
If your neighbors sell their house, the sale price will tell you a lot about the value of your home. In British Columbia’s Golden Triangle, companies with mines and well-defined resource development plans are getting taken out and the remaining players — and their investors — can see the favorable writing on the wall.
The Critical Investor was asked again by Streetwise Reports to provide his top 7 picks for the new year — at a point where the COVID-19 pandemic is playing out the Omicron variant, inflation is reaching levels not seen in decades, the Fed surprising the markets with a more hawkish stance than anticipated, with metal prices at very high levels although gold and silver seem to be consolidating and setting up for a breakout.
After Dolly Varden Silver announced the transaction with Fury Gold Mines regarding the Homestake Ridge Project, the Critical Investor looked into future potential coming from combining Homestake with the Dolly Varden Project, and exploration potential.
Critical and precious metals explorer Aurania Resources Ltd. is methodically moving forward with is exploration program at its Lost Cities-Cutucu Project which has been shown to host significant amounts of zinc, copper, silver and other elements. Noble Capital Markets advised that the firm plans to begin exploration work at its Awacha target site in mid-December and is building momentum as it moves into 2022.
"Silver X marks the spot in the junior silver producer sector with the Nueva Recuperada project," noted an Echelon Capital Markets report. "We see the current valuation as a potentially rewarding risk-return proposition."
Maurice Jackson for Streetwise Reports (12/09/2021)
Dolly Varden Silver Corp. is positioning shareholders to have a commanding position on the southern tip of the Golden Triangle by acquiring the Homestake Ridge from Fury Gold Mines, along the Kitsault Valley Trend.
Maurice Jackson for Streetwise Reports (11/30/2021)
Metallic Minerals has just completed its most expansive drill program on the flagship ultra high-grade Keno Silver Project, located in the prolific Keno Silver District. In addition, the company has updates on the La Plata gold-silver-copper project, and the Klondike Alluvial Gold Projects.
Adrian Day, in the Global Analyst newsletter, discusses Franco-Nevada's diversification of royalty assets, as well as providing updates on other precious metals companies he follows, including one strong buy.
"A joint venture partnership would arguably be the single largest and most important derisking event in Seabridge Gold's history and as such, the upside ahead of a partnering event is potentially massive," noted a Cantor Fitzgerald report.