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Good evening
Gold has recently rallied to a new two-year high, while silver rose for a sixth straight session to top $20 an ounce.
Investors have been snapping up gold as the value of the euro and the pound have fallen in the wake of the Brexit
Could this be a good time for a new gold play? I think so…
We are proud to announce our brand new profile: MX Gold (TSXV: MXL & US: DTVMF)
DTVMF is a deep value play with a mill in British Columbia that is valued at $200 mln plus!
Permitting and building one is not easy in this region, which is why it is shocking to see MX Gold with a $20 mln public market capitalization.
For 2016 and 2017 as they make their way into production, this could be one of the most talked about gold stocks around.
DTVMF closed just over .21 cents today and looks to be just starting to heat up. Just over a month ago DTVMF was sitting at 9 cents!
We are urging members to start researching MX Gold Corp Immediately.
Please check out this great video on MX Gold Corp: Video Link
The Company’s primary focus is its high grade Willa Gold, Copper and Silver project located 12 kilometres south of Silverton, B.C. In 2015, MX Gold completed the accretive acquisition (100% ownership) of the Willa project and the Max Molybedum Mine and Mill Complex, a fully permitted 1000 tonne per day mill and tailings facility. The two separate components of the project – the mine and the mill complex – combine to produce a strong vertical integration that has resulted in positive movement in the stock’s price each time an advancement has been made in the past two years.
Willa Mine
The Willa Gold, Copper and Silver mine contains high-grade resources as outlined below and has been explored since the 1890’s when the area was dubbed the “Silvery Slocan.” The property houses major gold and copper resources along with identified silver resources and has been extensively explored and researched, which has contributed to well measured resource estimates. Between 1980 and 2005 the property was owned by various companies including BP Minerals, Rio Algom and others who collectively invested approximately $18M to explore and develop the property. As you can imagine, this means solid access to the location and many of the property’s “kinks” already worked out.
The most recent data on the resources within the property came in 2012 through the NI 43-101 report which provided the following outcomes:
Category Tonnes Au (g/mt) Cu (%) Ag (g/mt)
Measured 198,000 5.36 0.83 8.30
Indicated 627,000 4.97 0.86 9.50
Measured + Indicated 825,000 5.07 0.85 9.20
Inferred 151,000 4.21 0.71 9.80
MAX Molybdenum Mine and Mill Complex
The most significant development MX Gold Corp. has made in recent years is the purchase of the MAX Molybdenum Mine and Mill Complex, located approximately 135km away from the Willa mine. This facility is nearly brand new and is regarded as a first rate production centre and was purchased for just $6 Mln. This is wildly impressive considering the fact that, up to 2012, in an effort to build a molybdenum operation that unfortunately failed because of the collapse in moly prices, Roca Mines & Forty Two Metals invested over $100 million building the MAX mine and mill. Further, the Company’s investment came with a $50 mln tax pool, which will serve as a major benefit to MX in the coming years of its operation. The mine and facility are so pristine that they won the 2009 B.C. Mining & Sustainability Award. Engineers for the Company have stated that the process of treating the mineralized gold-copper-silver material from the Willa mine, as opposed to the originally intended molybdenum, is a relatively simple technical transition for this mill and will require minimal capital expenditure. The CAPEX for the project is very low, at a rate of just $12.8 Mln.
The acquisition of the mine, and more importantly the mill complex, is a brilliant move by the Company, and references back to my statement at the beginning of this article; MX Gold Corp. is embodying the critical vertical integration strategy that increases the likelihood of making junior mining companies successful. Once the Willa mine is prepared for development, the Company will have complete and controlled access to a state of the art production facility with low CAPEX and OPEX because of the nature of its acquisition. Moving forward on the value chain, the Company will be able to integrate its core business areas and flexibly determine a production schedule for its mined resources, acting on bullish mineral markets while easing during times of stagnant growth.
Although the stock’s price has risen greatly in recent weeks, MX Gold Corp.’s stock (TSX-V: MXL) could still be very undervalued.
Please continue your research and be sure to watch DTVMF (TSX-V:MXL) very closely tomorrow.
MX Gold Corps Website:
http://mxgoldcorp.com/
MX Gold Corp Interview:
https://www.youtube.com/watch?v=zcLSf9lgC4I
TSX-V:MXL Quote:
http://www.stockwatch.com/Quote/Detail.aspx?symbol=MXL®ion=C
DTVMF Quote:
http://finance.yahoo.com/quote/DTVMF
We urge members to take Swift Action, start researching MX Gold Corp right away.
As always, we encourage you to do further research.
Have a great evening.
James
W.OTC
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