![]() ![]() ![]() “It’s much more exciting than ATAC was at this stage. “Mount Hinton is the same kind of setup but the project is much more readily accessible than Rackla and it’s earlier-stage,” Eaton said. That share price was propelled by gold’s rise to US$1,900 an ounce - less than $200 an ounce higher than current levels - as well as ATAC’s high-grade gold discoveries at the Rackla property in Yukon (ATAC is part of the Strategic Exploration Group).ĭoug Eaton (right), Strategic’s CEO and principal of Archer Cathro, the storied Yukon geological consultancy, was in the thick of it during ATAC’s high-grade discoveries.īut the veteran geologist says he’s more excited about Mount Hinton because of the volume of high-grade gold found at surface at such an early stage, during what appears to be a perfect storm for the gold price. It’s a far cry from the $4.35 level ($381M market cap) that the stock hit in 2011. Strategic shares currently trade at about 35 cents, for a $34-million market capitalization. In Yukon, mining and exploration have been designated an essential service. The program, of course, is dependent on how the Coronavirus pandemic plays out in the coming months. Hinton this season, including up to 6,000 metres of drilling (diamond and RAB). Strategic plans to spend about $3 million to explore Mt. Strategic, Yukon’s largest claims holder, is cashed-up to drill its Mount Hinton high-grade gold prospect in the Yukon Territory’s Keno Hill district. COVID-19 forced the suspension of Azimut’s follow-up 6,000-metre diamond drill program at Patwon.Īzimut closely resembles another project generator with a wholly owned gold project that will be drilled this summer: Strategic Metals (SMD-V, SMDZF-OTC). The stock rocketed to $1.50 the following day and remains at about that level, despite the uncertainty and tough market conditions that persist in the junior mining complex. The day before the discovery was announced, Azimut shares closed at 50 cents $31M market cap). On January 14, the project generator announced multiple high-grade gold intercepts at the James Bay project, including 12.43 g/t Au over 6 metres and 27.36 g/t Au over 4.7 metres. ![]() ![]() Azimut is Quebec’s largest claims holder, diversified across metals and known for its technical savvy. Azimut Exploration (AZM-V) proved it in January with their Patwon gold discovery at the Elmer property in Quebec. The picture changes completely, however, when project generators make a high-grade discovery on a wholly owned project. Project generators typically retain only limited exposure to discoveries through royalties or small equity stakes. Those bricks provide stability but weigh down the “rocket ship” when a junior exploration company hits a bona fide high-grade gold discovery. They are businesses, not cash-burning lottery tickets like most junior explorecos.īut for many speculators, that level of diversification is a knock. Their share prices are typically backstopped by healthy treasuries, royalties and equity stakes, as well as extensive claims holdings. If you are good with personal finance and are looking to invest, you will find the Precipitate Gold on OTCQB stock exchange.Well-run project generators are brick houses in a speculative corner of the market, where the winds of commodity prices and dilution are often house wreckers. Always read up on optimal investment strategies if you are new to investing. Trading in bear markets is always harder so you might want to avoid these stocks if you are not a veteran. Since this share has a negative outlook we recommend looking for other projects instead to build a portfolio. Our Ai stock analyst implies that there will be a negative trend in the future and the PREIF shares are not a good investment for making money. Currently there seems to be a trend where stocks in the Basic Materials sector(s) are not very popular in this period. According to present data Precipitate Gold's PREIF shares and potentially its market environment have been in bearish cycle last 12 months (if exists). Recommendations: Buy or sell Precipitate Gold stock? Wall Street Stock Market & Finance report, prediction for the future: You'll find the Precipitate Gold share forecasts, stock quote and buy / sell signals below. Real Estate and Housing Market Forecast. ![]()
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