TSX Venture Watch

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