TSX Venture Watch

With precious metals in a bull market, the sector presents investors with opportunities to make outsized gains that few other sectors have the ability to reproduce. In March this year, I initiated coverage of Galane Gold, a deeply undervalued gold producer . Since then, the stock has been up as much as 88%. The company is advancing the expansion of its Galaxy project in South Africa and still offers tremendous upside. In this piece I want to focus on a company on a different rung of the mining ladder – an exploration company. The company in focus is Golden Sky Minerals Corp. (AUEN.V) . Source: Company Presentation (click to enlarge) Management Team The Company is led by John Newell , who is the President, CEO and Director. Mr. Newell has 38 years’ experience in the investment industry acting as an officer, director, portfolio manager and investment advisor in some of the largest investment firms in Canada including Scotia McLeod, CIBC Wood Gundy and Richardson

Source: Galane Gold Website Galane Gold Ltd. (‘ Galane Gold ’, ‘ Galane ’ or ‘ the Company ’ (TSX-V: GG) today released its financials for the year ended 31 st December 2019. Click Here to Read my Initiation of Coverage of Galane Gold After promising Q2 and Q3 2019 earnings, this set of results can best be described as underwhelming with net loss for the full year at USD 3.8M. The main culprit for the poor financials was an unresolved SAG mill drive fault at its Mupane Gold Mine in Botswana in Q4 2019 as the company awaited long lead spares from overseas. This limited the milling capacity and resulted in the Company making a loss of USD 739,000 from mining operations for the quarter, in contrast to a profit of USD 1.6M in Q3 2019. Financing costs for Q4 2019 was up nearly 2 times from the preceding quarter. This was as a result of an increase in interest payments on long term debt and a change in fair value of warrants denominated in foreign currency. A brig

In a recent interview with Resource Insider's Jamie Keech, legendary resource speculator Rick Rule shared his criteria of what it takes to be a top ranked company in his eyes. Rick mentioned that only 7 companies have received the top-most rating in his 35 years of ranking stocks and that the last company he gave a top rating to was Ivanhoe Mines 4 years ago. Below is the discerning criteria employed by the President and CEO of Sprott US Holdings: 1.         The company must be selling at half its present liquidation value 2.       The company must be adequately capitalised to survive for 2 years 3.       Belief that the stock can double over the ensuing 18-month period 4.       Belief that the company offers a 10-fold price escalation potential in a foreseeable commodity price environment over 5 years 5.       The company must have or have a reasonable prospect of developing a tier-1/world class asset 6.       The company must possess a top tier tri

Galane Gold  (hereinafter referred to as 'Galane' or 'the Company') is an unhedged low-risk gold producer with 2 operating mines in Southern Africa. Source: Company Presentation In 2019, Galane produced 33,200 ounces of gold comprising 30,300 ounces from Mupane Gold Mine ('Mupane') in Botswana and 2,900 ounces from Galaxy Gold Mine ('Galaxy') in South Africa. Both mines are 100% owned by the Company. Galane is listed at the TSX Venture Exchange under the symbol 'GG' and currently trades at CAD 0.08. Near Term Catalysts Q4 2019 Financials:  I expect Galane to deliver a third consecutive quarter of profits following on from net earnings of USD 163,000 and USD 484,000 in Q2 & Q3 2019 respectively. Results should be out by mid April. Commissioning of a new 30,000 tonnes per month processing plant at Galaxy  is expected in May, doubling the current capacity and marking the completion of the 1st phase of expansion. P