News, Breakouts, Momentum Plays & Bottoms – April 11, 2017

My Journal For Tuesday Morning – April 11, 2017

in-the-news

Red Eagle Mining declares commercial production

Red Eagle Mining Corporation (TSX: R) is pleased to announce financial results for the year ending December 31, 2016 and business highlights to date including:

  • Declared Commercial Production at the San Ramon Gold Mine on March 31, 2017;
  • Acquired the high grade California Gold Project through Red Eagle Mining’s controlled public subsidiary Red Eagle Exploration (news releases dated February 15, 2017 and March 15, 2017);
  • Completed 2016 detailed ore production stope delineation drilling at the San Ramon Gold Mine.  Results from the delineation drilling exceeded expectations with many intercept grades significantly higher than the reserve grade of 5.2 g/t Au.  (news release dated January 17, 2017);
  • First gold poured at the San Ramon Gold Mine (news release dated November 7, 2016);
  • Graduated to the Toronto Stock Exchange (news release dated November 3, 2016) and began trading on the Lima Stock Exchange under symbol “R” (news release dated September 20, 2016);

The processing facility commissioning is complete and exceeding design throughput with the capability to process up to 1,200 tonnes per day.  The high voltage transmission line construction is complete and energized, connecting the project to the national electrical grid.  The dry waste management facility is complete with filtered tailings being dry stacked.  Gold recoveries have reached 93% and are on track to the design rate of 96%. – READ MORE

 

NewCastle Gold: A Potential Takeover Target? – Taylor Dart

I’ve been combing through hundreds of junior miners the past 6 weeks in an attempt to find any that I may have missed that have yet to breakout. The most recent gold company I stumbled upon was NewCastle Gold (TSX:NCA), a junior explorer with a grandiose open-pit deposit in California. NewCastle continues to report impressive intercepts from its Castle Mountain Project, and the resource estimate scheduled for later this year should reflect this.

Based on NewCastle Gold’s 184 million shares outstanding, the company is currently being valued at $145 million dollars before cash. Subtracting for cash of just over $12 million, the company’s current enterprise value is $133 million dollars (CAD). This puts a value on the company’s ounces of roughly $27.00 each. This is below what I would consider to be fair value. – READ MORE

 

Capital Ideas Research

In this weeks CapitalIdeasResearch.com Digest:

CapitalIdeasResearch.com Subscribers also get the Morning Need to Know email for FREE. Here’s a sneak peek. – READ MORE

 

Breakouts, Momentum Plays & Bottoms – Dwight Galusha

breakouts-to-watch-bull

Superior Plus Corp. (TSX:SPB)
Hydro One Limited (TSX:H)
Enerflex Ltd. (TSX:EFX)

rockey

Boardwalk Equities, Inc. (TSX:BEI.UN)
BCE, Inc. (TSX:BCE)
Calfrac Well Services Ltd. (TSX:CFW)

fish

Canopy Growth Corp. (TSX:WEED)
Mullen Group Ltd. (TSX:MTL)
Cott Corp. (TSX:BCB)

Trading Ideas From

AirBoss of America Corp (TSX:BOS) – From @golcate1247
Supreme Pharmaceuticals Inc. (OTC:SPRWF) – @Dyro01676
Otis Gold Corp. (TSXV:OOO) – @TdSmmns

Have a great day! 🙂

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