Survey of Junior Resource Companies Under Coverage Strong Focus on Exploration and M&A in 2021
GCM Mining Corp. (formerly Gran Colombia Gold) (TSX: GCM / OTCQX: TPRFF) – Accretive Acquisition to Drive Valuation Higher
Highlights Q2 production and revenue were up 2% and 5% YoY, respectively, and were in line with our estimates. However, EBITDA was down 2% YoY (5% lower than our forecast) due to higher labor/electricity costs and payments to contract/small-scale miners, and unusual...
Mitsubishi Is Showing Interest in This Nickel Junior
Global equity markets continued their rally, and were up 1.6% on average last week (up 1.3% in the prior week) Valuations of gold producers were flat last week (up 3% in the prior week); base metal producers were up 2% (up 2% in the prior week as well). The global...
Timbercreek Financial Corp. (TSX: TF) – Expecting to Weather the Storm Relatively Unscathed
Highlights In Q2, mortgage advancements were up 71% YoY, and significantly higher than our expectations. There was a significant increase in partner-funded/syndicated mortgages last quarter, indicating strong demand from institutional lenders for this company’s...
Eat Well Investment Group Inc. (CSE: EWG/ OTC: EWGFF/ FSE: 6BC0) – Q2 Beat/Expecting a Stronger Q3 Despite Falling Crop Prices
Highlights Flagship subsidiary Belle Pulses (a processor of crops/pulses) generated $15.2M in revenue in the quarter ended April 2022, up 7% YoY, beating our estimate by 16%, due to higher crop prices as a result of inflation and Russia’s invasion of Ukraine. Higher...
Senior Gold Producers (NYSE: NEM and GOLD / TSX: NGT and ABX) – Gold Stocks Likely to Outperform Gold in a Rally
Highlights Q2 results were weaker than expected. Newmont’s EPS was 10% lower than expected due to lower production and higher cash costs amid inflationary pressures. Barrick’s EPS was 5% lower due to higher cash costs; production was in line. [MM_Member_Decision...
Senior Gold Producers (NYSE: NEM and GOLD / TSX: NGT and ABX) – Gold Stocks Likely to Outperform Gold in a Rally
Highlights Q2 results were weaker than expected. Newmont’s EPS was 10% lower than expected due to lower production and higher cash costs amid inflationary pressures. Barrick’s EPS was 5% lower due to higher cash costs; production was in line. [MM_Member_Decision...
Expecting the Fed to Take This Stance in Next Meeting
Global equity markets were up 1.3% on average last week (up 1.7% in the prior week). Valuations of gold producers were up 3% last week (up 3% in the prior week as well); base metal producers were up 2% (up 9% in the prior week). The global MCAP of cryptos is US$1.09T,...
Skyharbour Resources Ltd. (TSXV: SYH / OTCQB: SYHBF) – Introducing Our Valuation on the Recently Optioned Property from Rio Tinto
Highlights This company has closed its previously announced option agreement with Rio Tinto (NYSE: RIO) to acquire the Russell Lake uranium project. We are introducing our valuation on Russell Lake in this report. This...
This is Very Positive for Uranium Juniors
Global equity markets were up 1.7% on average last week (up 1.7% in the prior week as well). Valuations of gold producers were up 3% last week (flat in the prior week); base metal producers were up 9% (up 4% in the prior week). The global MCAP of cryptos is US$1.08T,...
Apple Inc. (NASDAQ: AAPL) – New Products Should Partially Offset Tepid Outlook
HighlightsIn Q3-2022 (quarter ended June 2022), revenue inched up 2% YoY, but net income fell 11% YoY. Both revenue and EPS were 1% below our forecasts. Shares were up 3% today as EPS was 4% higher than the consensus estimate.[MM_Member_Decision...
Golden Arrow Resources Corporation (TSXV: GRG / OTCQB: GARWF / FSE: G6A) – Delineating a Copper-Gold Resource Near a Large Miner – FINAL REPORT
HighlightsGRG has nine pre-resource stage exploration properties in established mining districts in Chile and Argentina.Earlier this year, the company acquired the San Pietro project (Chile) from Sumitomo Metal Mining (TSE:...
Monarch Mining Corporation (TSX: GBAR / OTCQX: GBARF) – Produces Its First Gold Bar/Expecting a Valuation Premium
Highlights This company announced today that it has produced its first gold bar from its wholly-owned Beaufor mine and Beacon mill in Quebec. 24 Kt of ore averaging 4.76 g/t gold (3.6 Koz of contained gold) has been stockpiled for processing. [MM_Member_Decision...
Microsoft Corp. (NASDAQ: MSFT) – Management’s Bullish Guidance Offset Weak Q4 Results
Highlights Q4-2022 (quarter ended June) revenue was up 12% YoY, but 3% lower than our estimate. Revenue was up 20% YoY in the first nine months. Q4 EPS was up 2% YoY, but 8% lower than our estimate. Forex losses, amid the strong US$, had a material impact on earnings....
Enterprise Group Inc. (TSX: E) A One-Stop Oilfield Site Infrastructure Provider – Initiating Coverage
Highlights This company, formed in 2004, provides specialized equipment and services for companies operating in the energy, pipeline, and construction sectors. The company operates in Alberta and B.C. This company is...
Doubleview Gold Corp. (TSXV: DBG / OTCQB: DBLVF / Frankfurt: 1D4) – Embarking on a Major Expansion Drill Program
Highlights This company is awaiting results of a four-hole step-out drill program (totaling 2,476 m) completed on the Lisle zone of its Hat polymetallic project, located in the Golden Triangle in B.C. A 10,000 m...
Former Goldcorp Chairman Ian Telfer is Backing This Merger
Global equity markets were up 1.7% on average last week (up 0.1% in the prior week). Valuations of gold producers were flat last week (down 3% in the prior week); base metal producers were up 4% (down 2% in the prior week). Currently, the global MCAP of cryptos is...
Golden Triangle Ventures (OTC Pink: GTVH) – Exposure to CBD, AgTech, EDM Concerts & Wines – Initiating Coverage
Highlights Founded in 2019, this company is a Las Vegas based company with subsidiaries operating in the Entertainment, CBD, Technology, and Food & Wine sectors. This company has four subsidiaries: Lavish Entertainment...
Tartisan Nickel Corp. (CSE: TN / OTC: TTSRF) – Robust PEA Confirms Viability of Its High-Grade Nickel Deposit
Highlights A Preliminary Economic Assessment (PEA) on the Kenbridge nickel project in the Kenora mining district, northwestern Ontario, returned attractive economics, with an After Tax-NPV5% of $109M, and a high AT-IRR of 20%, using US$10/lb nickel. This company is...
Lowering Our Price Forecasts for These Two Metals
Global equity markets were up 0.1% on average last week (up 0.2% in the prior week). Valuations of gold producers were down 3% last week (down 2% in the prior week); base metal producers were down 2% as well (down 2% in the prior week as well). Currently, the global...
Eat Well Investment Group Inc. (CSE: EWG/ OTC: EWGFF/ FSE: 6BC0) – Initiatives to Offset Declining Crop Prices
Highlights Being an investment company, this company does not report revenue/profit of its subsidiaries in financial statements. However, the company discloses revenue/profit of its flagship subsidiary, Belle Pulses (a processor of crops/pulses), in its MD&A....
Silver X Mining Corp. (TSXV: AGX / OTCQB: AGXPF) – Ramping Up Pre-Production/Raising Our Fair Value Estimate
Highlights An updated resource estimate for its district-scale Nueva Recuperada silver-polymetallic project in Peru included a maiden Measured and Indicated (M&I) resource, and a 104% increase in inferred resource. The average grade of inferred resources increased 19%...
Argentina Lithium & Energy Corp. (TSXV: LIT / OTC: PNXLF / FSE: OAY3) – On The Cusp of a Potential Discovery in Argentina – Initiating Coverage
Highlights This company holds a portfolio of four early-stage/underexplored lithium assets, covering 69k hectares (“ha”), across four salars (salt lakes) in Argentina. Argentina, Chile, and Bolivia make up the “Lithium...
Check Out Our Pick to Brace for Record Inflation Data This Week
Global equity markets were up 0.2% on average last week (down 1.2% in the prior week). Valuations of gold producers were down 2% last week (down 10% in the prior week); base metal producers were down 2% as well (down 4% in the prior week). Currently, the global MCAP...
FPX Nickel Corp. (TSXV: FPX) – Delineating a New Target Near Its Flagship Deposit
Highlights A 2021 drill program on the Van target within this company’s Decar nickel project (B.C.) identified a 750 m long x 400-750 m wide x 350 m deep mineralized zone. We believe this new discovery has potential to host a large-scale deposit, with relatively high...
Eskay Mining Corp. (TSXV: ESK / OTCQX: ESKYF / FSE: KN7) Quietly Delineating a Large Resource-Base
Eskay Mining Corp. -This company is up 1,450% since our previous report in April 2019, and has been one of the best performing juniors in our coverage universe.
Rio2 Limited (TSXV: RIO / OTCQX: RIOFF / BVL: RIO) – EIA Rejection a Setback, But Too Early to Write-Off
Highlights This company announced today that its Environmental Impact Assessment (“EIA”) for the Fenix gold project in Chile was not approved. This outcome was not totally unexpected as the Environmental Assessment Service (SEA) had recommended the Chilean government...
Expecting Catalyst for This Gold Junior Partnered With Kinross
Global equity markets were down 1.2% on average last week (up 2.5% in the prior week). The S&P 500 was down 2.1% amid rising yields and weaker than expected consumer spending in the U.S. Valuations of gold producers were down 10% last week (up 3% in the prior week);...
Gold Springs Resource Corp. (TSX: GRC / OTCQB: GRCAF) – Surpasses One Million Ounces/Raising Our Fair Value Estimate
Highlights M&I resources increased 33% to 1 Moz AuEq. M&I resources account for 87% of total resources (previously 88%). Contained ounces increased due to a significant increase in tonnage (up 42%), partially offset by lower grades (down 4%). [MM_Member_Decision...
ION Energy Limited (TSXV: ION / FRA: 5YB / OTC: IONGF) Highest-Grade Lithium Brine Sample Ever Reported in Mongolia
Highlights Surface samples from the Urgakh Naran lithium brine project returned 918 mg/L, the highest-grade lithium brine sample ever reported in Mongolia. Results of a recently completed 72-hole drill program will provide us insights on the project’s potential at...
Endexx Corporation (OTCPK: EDXC) – CBD Products in CVS Endorsed by DJ Khaled – Initiating Coverage
Highlights This company offers CBD products ranging from oils, capsules, topicals, to pet products. The U.S. CBD market is expected to grow from $5B in 2021, to $16B by 2026, implying a CAGR of 25% (Statista). Products...
Lowering Our Price Forecast for This Metal
Global equity markets were up 2.5% on average last week (down 2.0% in the prior week). Valuations of gold producers were up 3% last week (down 5% in the prior week); base metal producers were down 3% (down 10% in the prior week). Currently, the global MCAP of cryptos...
Skyharbour Resources Ltd. (TSXV: SYH / OTCQB: SYHBF) – Expands Portfolio Through a Drill-Ready Property from Rio Tinto
Highlights This company currently has 15 uranium properties in the prolific Athabasca Basin in Saskatchewan. The drill-ready Russell Lake project is strategically located between Cameco’s (TSX: CCO) Key Lake mill and...
Goodbody Health Inc. (CSE: GDBY/OTCQB: GDBYF) – A Solution for the U.K.’s Backlogged Public Healthcare System – Initiating Coverage
Highlights This company, based in the U.K., is a private health care services company transitioning from COVID-19 testing to blood testing services. Since the onset of the pandemic, the company has conducted 150,000 tests, generating £26M in revenue....
Expecting The Fed to Turn a Bit More Cautious After This Event
Global equity markets were down 2.0% on average last week (down 4.7% in the prior week) as the U.S. Fed hiked its benchmark rate by 0.75%. Valuations of gold producers were down 5% last week (flat in the prior week); base metal producers were down 10% (down 8% in the...
Enertopia Corporation (OTCQB: ENRT) – Aligns With an Advanced Stage Junior/Drilling a New Lithium Prospect
Highlights Since our initiating report in July 2021, this company has converted its two provisional patent applications to regular (non-provisional) applications, and filed another provisional patent application. Lithium...
Kontrol Technologies Corp. (NEO: KNR / OTCQB: KNRLF / FSE: 1K8) – Rising Demand for HVAC and Smart Building Technologies to Counter Softer Macro-Outlook – FINAL REPORT
Highlights In Q1-2022, this company reported $26.6M in revenue, up 702% YoY, beating our estimate by 10%. EBITDA and EPS turned positive, and were 10% and 26%, respectively, higher than our estimates. Revenue growth came...
Banxa Holdings Inc. (TSXV: BNXA, OTCQX: BNXAF, FSE: AC00) – Expanding and Diversifying Operations to Weather the Crypto-Storm
Highlights Q3-FY2022 (ended March 2022) revenue dropped 36% QoQ, and missed our expectations by 19%, as transaction volume declined 40% QoQ amid lower crypto prices. For comparison, Coinbase Global (NASDAQ: COIN) – operator of the largest crypto exchange in the U.S. -...
BIGG Digital Assets Inc. (CSE: BIGG/ OTCQX: BBKCF/ WKN: A2PS9W) – Ramping Up B2B Biz for Revenue Stability
Highlights As expected, most crypto exchanges reported weak Q1 results due to lower global crypto trading volumes. This company reported $2.51M in revenue, down 32% YoY, but in line with our estimate. User-count...
The S&P 500 Has This Much Downside Risk
Global equity markets were down 4.7% on average last week (flat in the prior week) as U.S. inflation hit a 40-year high of 8.6% last month. The US$ was up 2.4% last week, as the Fed is expected to keep raising rates to combat inflation. Valuations of gold producers...
CoinSmart Financial Inc. (NEO: SMRT / FRA: IRR) – Demonstrating Resilience
Highlights As expected, most crypto exchanges reported weak Q1 results due to lower global crypto trading volumes. Although this company’s results were below our expectations, they were significantly better than larger crypto exchanges. This company’s shares have...
GCM Mining Corp. (formerly Gran Colombia Gold) (TSX: GCM / OTCQX: TPRFF) – Accretive Acquisition to Drive Valuation Higher
Highlights Q2 production and revenue were up 2% and 5% YoY, respectively, and were in line with our estimates. However, EBITDA was down 2% YoY (5% lower than our forecast) due to higher labor/electricity costs and payments to contract/small-scale miners, and unusual...
Mitsubishi Is Showing Interest in This Nickel Junior
Global equity markets continued their rally, and were up 1.6% on average last week (up 1.3% in the prior week) Valuations of gold producers were flat last week (up 3% in the prior week); base metal producers were up 2% (up 2% in the prior week as well). The global...
Timbercreek Financial Corp. (TSX: TF) – Expecting to Weather the Storm Relatively Unscathed
Highlights In Q2, mortgage advancements were up 71% YoY, and significantly higher than our expectations. There was a significant increase in partner-funded/syndicated mortgages last quarter, indicating strong demand from institutional lenders for this company’s...
Eat Well Investment Group Inc. (CSE: EWG/ OTC: EWGFF/ FSE: 6BC0) – Q2 Beat/Expecting a Stronger Q3 Despite Falling Crop Prices
Highlights Flagship subsidiary Belle Pulses (a processor of crops/pulses) generated $15.2M in revenue in the quarter ended April 2022, up 7% YoY, beating our estimate by 16%, due to higher crop prices as a result of inflation and Russia’s invasion of Ukraine. Higher...
Senior Gold Producers (NYSE: NEM and GOLD / TSX: NGT and ABX) – Gold Stocks Likely to Outperform Gold in a Rally
Highlights Q2 results were weaker than expected. Newmont’s EPS was 10% lower than expected due to lower production and higher cash costs amid inflationary pressures. Barrick’s EPS was 5% lower due to higher cash costs; production was in line. [MM_Member_Decision...
Senior Gold Producers (NYSE: NEM and GOLD / TSX: NGT and ABX) – Gold Stocks Likely to Outperform Gold in a Rally
Highlights Q2 results were weaker than expected. Newmont’s EPS was 10% lower than expected due to lower production and higher cash costs amid inflationary pressures. Barrick’s EPS was 5% lower due to higher cash costs; production was in line. [MM_Member_Decision...
Expecting the Fed to Take This Stance in Next Meeting
Global equity markets were up 1.3% on average last week (up 1.7% in the prior week). Valuations of gold producers were up 3% last week (up 3% in the prior week as well); base metal producers were up 2% (up 9% in the prior week). The global MCAP of cryptos is US$1.09T,...
Skyharbour Resources Ltd. (TSXV: SYH / OTCQB: SYHBF) – Introducing Our Valuation on the Recently Optioned Property from Rio Tinto
Highlights This company has closed its previously announced option agreement with Rio Tinto (NYSE: RIO) to acquire the Russell Lake uranium project. We are introducing our valuation on Russell Lake in this report. This...
This is Very Positive for Uranium Juniors
Global equity markets were up 1.7% on average last week (up 1.7% in the prior week as well). Valuations of gold producers were up 3% last week (flat in the prior week); base metal producers were up 9% (up 4% in the prior week). The global MCAP of cryptos is US$1.08T,...
Apple Inc. (NASDAQ: AAPL) – New Products Should Partially Offset Tepid Outlook
HighlightsIn Q3-2022 (quarter ended June 2022), revenue inched up 2% YoY, but net income fell 11% YoY. Both revenue and EPS were 1% below our forecasts. Shares were up 3% today as EPS was 4% higher than the consensus estimate.[MM_Member_Decision...
Golden Arrow Resources Corporation (TSXV: GRG / OTCQB: GARWF / FSE: G6A) – Delineating a Copper-Gold Resource Near a Large Miner – FINAL REPORT
HighlightsGRG has nine pre-resource stage exploration properties in established mining districts in Chile and Argentina.Earlier this year, the company acquired the San Pietro project (Chile) from Sumitomo Metal Mining (TSE:...
Monarch Mining Corporation (TSX: GBAR / OTCQX: GBARF) – Produces Its First Gold Bar/Expecting a Valuation Premium
Highlights This company announced today that it has produced its first gold bar from its wholly-owned Beaufor mine and Beacon mill in Quebec. 24 Kt of ore averaging 4.76 g/t gold (3.6 Koz of contained gold) has been stockpiled for processing. [MM_Member_Decision...
Microsoft Corp. (NASDAQ: MSFT) – Management’s Bullish Guidance Offset Weak Q4 Results
Highlights Q4-2022 (quarter ended June) revenue was up 12% YoY, but 3% lower than our estimate. Revenue was up 20% YoY in the first nine months. Q4 EPS was up 2% YoY, but 8% lower than our estimate. Forex losses, amid the strong US$, had a material impact on earnings....
Enterprise Group Inc. (TSX: E) A One-Stop Oilfield Site Infrastructure Provider – Initiating Coverage
Highlights This company, formed in 2004, provides specialized equipment and services for companies operating in the energy, pipeline, and construction sectors. The company operates in Alberta and B.C. This company is...
Doubleview Gold Corp. (TSXV: DBG / OTCQB: DBLVF / Frankfurt: 1D4) – Embarking on a Major Expansion Drill Program
Highlights This company is awaiting results of a four-hole step-out drill program (totaling 2,476 m) completed on the Lisle zone of its Hat polymetallic project, located in the Golden Triangle in B.C. A 10,000 m...
Former Goldcorp Chairman Ian Telfer is Backing This Merger
Global equity markets were up 1.7% on average last week (up 0.1% in the prior week). Valuations of gold producers were flat last week (down 3% in the prior week); base metal producers were up 4% (down 2% in the prior week). Currently, the global MCAP of cryptos is...
Golden Triangle Ventures (OTC Pink: GTVH) – Exposure to CBD, AgTech, EDM Concerts & Wines – Initiating Coverage
Highlights Founded in 2019, this company is a Las Vegas based company with subsidiaries operating in the Entertainment, CBD, Technology, and Food & Wine sectors. This company has four subsidiaries: Lavish Entertainment...
Tartisan Nickel Corp. (CSE: TN / OTC: TTSRF) – Robust PEA Confirms Viability of Its High-Grade Nickel Deposit
Highlights A Preliminary Economic Assessment (PEA) on the Kenbridge nickel project in the Kenora mining district, northwestern Ontario, returned attractive economics, with an After Tax-NPV5% of $109M, and a high AT-IRR of 20%, using US$10/lb nickel. This company is...
Lowering Our Price Forecasts for These Two Metals
Global equity markets were up 0.1% on average last week (up 0.2% in the prior week). Valuations of gold producers were down 3% last week (down 2% in the prior week); base metal producers were down 2% as well (down 2% in the prior week as well). Currently, the global...
Eat Well Investment Group Inc. (CSE: EWG/ OTC: EWGFF/ FSE: 6BC0) – Initiatives to Offset Declining Crop Prices
Highlights Being an investment company, this company does not report revenue/profit of its subsidiaries in financial statements. However, the company discloses revenue/profit of its flagship subsidiary, Belle Pulses (a processor of crops/pulses), in its MD&A....
Silver X Mining Corp. (TSXV: AGX / OTCQB: AGXPF) – Ramping Up Pre-Production/Raising Our Fair Value Estimate
Highlights An updated resource estimate for its district-scale Nueva Recuperada silver-polymetallic project in Peru included a maiden Measured and Indicated (M&I) resource, and a 104% increase in inferred resource. The average grade of inferred resources increased 19%...
Argentina Lithium & Energy Corp. (TSXV: LIT / OTC: PNXLF / FSE: OAY3) – On The Cusp of a Potential Discovery in Argentina – Initiating Coverage
Highlights This company holds a portfolio of four early-stage/underexplored lithium assets, covering 69k hectares (“ha”), across four salars (salt lakes) in Argentina. Argentina, Chile, and Bolivia make up the “Lithium...
Check Out Our Pick to Brace for Record Inflation Data This Week
Global equity markets were up 0.2% on average last week (down 1.2% in the prior week). Valuations of gold producers were down 2% last week (down 10% in the prior week); base metal producers were down 2% as well (down 4% in the prior week). Currently, the global MCAP...
FPX Nickel Corp. (TSXV: FPX) – Delineating a New Target Near Its Flagship Deposit
Highlights A 2021 drill program on the Van target within this company’s Decar nickel project (B.C.) identified a 750 m long x 400-750 m wide x 350 m deep mineralized zone. We believe this new discovery has potential to host a large-scale deposit, with relatively high...
Eskay Mining Corp. (TSXV: ESK / OTCQX: ESKYF / FSE: KN7) Quietly Delineating a Large Resource-Base
Eskay Mining Corp. -This company is up 1,450% since our previous report in April 2019, and has been one of the best performing juniors in our coverage universe.
Rio2 Limited (TSXV: RIO / OTCQX: RIOFF / BVL: RIO) – EIA Rejection a Setback, But Too Early to Write-Off
Highlights This company announced today that its Environmental Impact Assessment (“EIA”) for the Fenix gold project in Chile was not approved. This outcome was not totally unexpected as the Environmental Assessment Service (SEA) had recommended the Chilean government...
Expecting Catalyst for This Gold Junior Partnered With Kinross
Global equity markets were down 1.2% on average last week (up 2.5% in the prior week). The S&P 500 was down 2.1% amid rising yields and weaker than expected consumer spending in the U.S. Valuations of gold producers were down 10% last week (up 3% in the prior week);...
Gold Springs Resource Corp. (TSX: GRC / OTCQB: GRCAF) – Surpasses One Million Ounces/Raising Our Fair Value Estimate
Highlights M&I resources increased 33% to 1 Moz AuEq. M&I resources account for 87% of total resources (previously 88%). Contained ounces increased due to a significant increase in tonnage (up 42%), partially offset by lower grades (down 4%). [MM_Member_Decision...
ION Energy Limited (TSXV: ION / FRA: 5YB / OTC: IONGF) Highest-Grade Lithium Brine Sample Ever Reported in Mongolia
Highlights Surface samples from the Urgakh Naran lithium brine project returned 918 mg/L, the highest-grade lithium brine sample ever reported in Mongolia. Results of a recently completed 72-hole drill program will provide us insights on the project’s potential at...
Endexx Corporation (OTCPK: EDXC) – CBD Products in CVS Endorsed by DJ Khaled – Initiating Coverage
Highlights This company offers CBD products ranging from oils, capsules, topicals, to pet products. The U.S. CBD market is expected to grow from $5B in 2021, to $16B by 2026, implying a CAGR of 25% (Statista). Products...
Lowering Our Price Forecast for This Metal
Global equity markets were up 2.5% on average last week (down 2.0% in the prior week). Valuations of gold producers were up 3% last week (down 5% in the prior week); base metal producers were down 3% (down 10% in the prior week). Currently, the global MCAP of cryptos...
Skyharbour Resources Ltd. (TSXV: SYH / OTCQB: SYHBF) – Expands Portfolio Through a Drill-Ready Property from Rio Tinto
Highlights This company currently has 15 uranium properties in the prolific Athabasca Basin in Saskatchewan. The drill-ready Russell Lake project is strategically located between Cameco’s (TSX: CCO) Key Lake mill and...
Goodbody Health Inc. (CSE: GDBY/OTCQB: GDBYF) – A Solution for the U.K.’s Backlogged Public Healthcare System – Initiating Coverage
Highlights This company, based in the U.K., is a private health care services company transitioning from COVID-19 testing to blood testing services. Since the onset of the pandemic, the company has conducted 150,000 tests, generating £26M in revenue....
Expecting The Fed to Turn a Bit More Cautious After This Event
Global equity markets were down 2.0% on average last week (down 4.7% in the prior week) as the U.S. Fed hiked its benchmark rate by 0.75%. Valuations of gold producers were down 5% last week (flat in the prior week); base metal producers were down 10% (down 8% in the...
Enertopia Corporation (OTCQB: ENRT) – Aligns With an Advanced Stage Junior/Drilling a New Lithium Prospect
Highlights Since our initiating report in July 2021, this company has converted its two provisional patent applications to regular (non-provisional) applications, and filed another provisional patent application. Lithium...
Kontrol Technologies Corp. (NEO: KNR / OTCQB: KNRLF / FSE: 1K8) – Rising Demand for HVAC and Smart Building Technologies to Counter Softer Macro-Outlook – FINAL REPORT
Highlights In Q1-2022, this company reported $26.6M in revenue, up 702% YoY, beating our estimate by 10%. EBITDA and EPS turned positive, and were 10% and 26%, respectively, higher than our estimates. Revenue growth came...
Banxa Holdings Inc. (TSXV: BNXA, OTCQX: BNXAF, FSE: AC00) – Expanding and Diversifying Operations to Weather the Crypto-Storm
Highlights Q3-FY2022 (ended March 2022) revenue dropped 36% QoQ, and missed our expectations by 19%, as transaction volume declined 40% QoQ amid lower crypto prices. For comparison, Coinbase Global (NASDAQ: COIN) – operator of the largest crypto exchange in the U.S. -...
BIGG Digital Assets Inc. (CSE: BIGG/ OTCQX: BBKCF/ WKN: A2PS9W) – Ramping Up B2B Biz for Revenue Stability
Highlights As expected, most crypto exchanges reported weak Q1 results due to lower global crypto trading volumes. This company reported $2.51M in revenue, down 32% YoY, but in line with our estimate. User-count...
The S&P 500 Has This Much Downside Risk
Global equity markets were down 4.7% on average last week (flat in the prior week) as U.S. inflation hit a 40-year high of 8.6% last month. The US$ was up 2.4% last week, as the Fed is expected to keep raising rates to combat inflation. Valuations of gold producers...
CoinSmart Financial Inc. (NEO: SMRT / FRA: IRR) – Demonstrating Resilience
Highlights As expected, most crypto exchanges reported weak Q1 results due to lower global crypto trading volumes. Although this company’s results were below our expectations, they were significantly better than larger crypto exchanges. This company’s shares have...