Nevada is looking promising as gold and silver post
rapid rallies this month of July.? Still, there are some to avoid
— for now.
Pilot Gold?’s Moira Smith, chief geologist, is reporting step?-?outs at
Western Flank in Nevada — Kinsley Mountain.
Pilot
Gold reports 5.59 g/t gold over 38.1 metres in step-out?.?
?I think this is
worth a scan because Ms. Smith and her team are methodical about their drilling
at Kinsley. There is a lot of it, but Pilot has no published Kinsley resource
as yet.?
The West?e?rn Flank mapping shows
the new drill holes but not much else.
Pilot shares (PLG in
Canada and PLGTF in USA) have been terrific this spring and northern hemisphere
summer. The only thing that comes close in terms of steady appreciation on
carefully prepared drilling regimens is Cayden Resources in
Mexico.
Ivan Bebek, Dan McCoy &
team’s CYD (in
Canada) has been a monster, a friendly one, and I am fortunate to own it.
If you are looking for a Nevada prospector
with a foot in another jurisdiction (Turkey copper and gold-silver), and no
hint of share dilution at this level ($1.560 CAD), Pilot is probably a solid
choice. It has been a TCR featured research company for two years or more. I
own it.
I also am looking at West Kirkland
Mining, a well funded Nevada and Utah prospector. WKM (in
Canada) is about a third of Pilot’s market cap. R. Mike Jones, who runs Platinum
Group Metals (PTM in
Canada), also steers the WKM ship. WKM has 5-year warrants that
trade — something that one of its investors required, I am sure.
I believe in gold and silver. I also believe
that if you believe the current rally in the metals and their attendant
equities has staying power, I mean really believe — you have to own a little
leverage. This in equity options, or JNUG/NUGT. Or warrants.
I saw today (Thursday) that Paramount
Gold & Silver increased its Mexico resource in a big way. Only
thing there is that PZG (in
USA) shares might be a little too liquid. There are more than 150 million
shares outstanding. At any rate, Chris Crupi’s Paramount will publish a
preliminary economic study in August. Here is the resource increase:
http://finance.yahoo.com/news/paramount-gold-silver-reports-positive-100000385.html
I do not own Paramount shares; I have seen
its Nevada property — the old Sleeper mine.
On our Nevada end of the TCR spectrum,
aside from Pilot, we hold by our belief that two companies — Gold Standard
Ventures and NuLegacy Gold — probably offer the most capital bang for the
buck, given their reduced size in this apparently recovering resources market.
Of those two, NUG (in Canada) easily is capable of an overnight double from its
$15 million market size.
On GSV (in Canada and USA), I have to believe
the company will find a way to raise more money at a decent price so that it
can continue its development of Railroad and Pinon in Nevada. If it has to
raise money at 70 cents a share, GSV might find itself in the same
“way-too-many-shares” category that scars a whole lot of junior
prospectors — such as Paramount. GSV has more than 100 million shares right
now.
Natcore Technology: I
have been purchasing more of Natcore Technology (NXT in
Canada and NXTCF in USA), Chuck Provini’s solar cell (black silicon) developer.
I think Natcore is actionable here and could get a wave of national or
international publicity in coming months. If I am correct, or if the
marketplace merely factors in the revenue possibilities of the Australia
venture just announced, the 90-cent CAD shares easily could regain their
all-time highs.
THE CALANDRA
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