Mantaro Silver – Recapping recent news on exploration and land acquisition at the Santas Gloria and San Jose Projects, in Peru
Chris Wilson, President of Mantaro Silver (TSX.V:MSLV) joins us for a recap of the recent news at the Company’s two main projects in Peru, the Santas Gloria Silver Project and the San Jose Project.
We start with the July 21st release outlining the initial work program at the San Jose Project and the process of moving toward drilling. Next we discuss the land acquisition around the Santas Gloria Silver Project and the strategy for growing that land package.
If you have any follow up questions for Chris regarding any of the work being done at Mantaro Silver please email us at either Fleck@kereport.com or Shad@kereport.com.
Click here to visit the Mantaro Silver website and read over the Company’s recent news.
I’ve been building a nice sized position in my portfolio in Alamos Gold this year, and believe the assets they picked up by acquiring Richmont Mines a few years back are still underappreciated by the market and really energized their production profile, and more importantly their exploration and expansion potential.
Alamos is a very solid Mid-tier gold producer that is projected to produce about 500,000 ounces of gold this year, but be able to grow that to around 750,000 in the next few years, while they’ll be bringing their AISC down from around $1050 at present down to around an $800 AISC a few years out.
Alamos as a “safer” way to play the optionality on rising metals prices, while still having operational growth and improving margins in their future, and some nice exploration upside potential in their stable.
I agree Ex. Chart action is also looking bullish. It jumped on big volume and left a gap like some seniors did last week.
Yes, it was nice to see the larger producers have a nice bump higher last week and moving into this week.
I always appreciate you sharing your insights Ex. I’ve pouring through my next round of purchases and am thinking that, after all of these years, I should be able to pick a bit more wisely than in the past. I wasn’t thinking about Alamos, but am glad you raised it.
You also had mentioned AXU in another discussion, and I had picked up another round of that company two trading days prior to your note.
Please keep the ideas coming.
Thanks Canuckski, and yes it is a good time to review ones watchlist and portfolio to ask why one owns what they do, or to contemplate adding in some new positions.
In my portfolio I like it diversified from the more stable royalty companies and larger producers with growth potential (like Alamos mentioned above) at the top as anchors, then to the slightly more volatile smaller PM producers, then to near-term producers (like Alexco, who is now producing but still ramping up to full commercial throughput), then down to the Developers with resource estimates on their ounces in the ground paired with economic studies (PEA, PFS, FS), and then finally down to a peppering of Explorers working on discoveries or drilling to expand and delineate a maiden resource estimate.
So when I discuss any stock, I like to put in in context with where it fits and the role it has inside the portfolio. A solid mid-tier, like Alamos, is at the other end of the risk curve from a highly volatile junior exploration drill play. Having said that, Alamos still has done well with exploration over the last year and I believe they’ll continue to have success with the drill bit in the years to come.
GDXJ formed an island reversal. I’m hoping at least 4-5 weeks worth of rally.
Good observation CaliJoe on the island reversal on the GDXJ chart you posted, which bodes well for the mostly mid-tiers and a few of the larger developers held inside that basket, and shows that the capital flows will flow into the more established names over the short-term.
Nice moves in mining shares. Bought SILJ based on Matthew’s charts. Both SSR Mining and Alamos Gold rocking today.