eResearch Issues Industry Report “Invest Like a Billionaire Mining Financier” examining Investment Strategy of Eric Sprott, & highlighting past and potential target companies
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Video Transcript:
I’m Fiona Forbes for Investmentpitch Media
Today’s Industry Report from eResearch Corporation is titled “Invest Like a Billionaire Mining Financier”
In the report, analyst Chris Thompson examines the strategy of Eric Sprott, one of the largest investors in the mining industry during the past year and a vocal proponent of buying gold
Sprott is a billionaire, an entrepreneur, a business mogul and the founder of many companies including Sprott, Inc. and Sprott Asset Management, and presently holds the position of Chairman for Sprott Money and Director for Novo Resources Corp.
The report also provides a brief overview of 45 junior mining companies that benefited from investments of more than $200 million from Eric Sprott over the last 18 months, while providing more in-depth coverage of two companies, AbraPlata Resource Corp and Endurance Gold Corporation, that Chris Thompson believes should be on Mr. Sprott’s radar.
Judging by Sprott’s recent investments, he primarily focusses on precious metal stocks, both small and mid-cap, mostly on exploration projects in North and South America.
To raise investment capital, he has been taking profits by selling shares of Kirkland Lake (TSX:KL) where he was chairman from 2015 to 2019.
At one point, he had more than $1 billion of Kirkland Lake stock, one of the best-performing stocks on the S&P/TSX since 2016.
Analyst Chris Thompson stated: “He continues to ‘put his money where his mouth is’ by making investments in precious metals companies. If Eric Sprott is investing in a company, you can assume that Eric Sprott and his team have done their due diligence and the company is investment worthy. If you are looking for a gold company to invest in, researching where Eric Sprott is investing is a good place to start.”
Now let’s look briefly at the two companies eResearch thinks should be on Eric Sprott’s radar.
The new AbraPlata Resource Corp is the result of the December 2019 merger of AbraPlata and Aethon Minerals, with the new company continuing to trade on the TSX Venture Exchange under the symbol “ABRA”.
The company primary explores for silver, gold and copper ores in Argentina and Chile.
The company’s flagship Diablillos gold-silver property covers an area of approximately 79 square kilometers in the Salta province of Northwestern Argentina.
With more than US$35 million spent to date on exploration, including approximately 88,000 metres of drilling in over 475 holes, the company has delineated two deposits, comprising the current resource of 81 million ounces of silver and 732,000 ounces of gold.
AbraPlata is currently drilling the Diablillos project, while Rio Tinto Group continues to advance the Arcas copper project in Chile as part of an agreement completed in 2019 to earn-in up to 75% on the project by incurring US$25 million in exploration expenditures.
AbraPlato’s shares are trading at $0.075.
For more information please visit the company’s website www.AbraPlata.com, contact John Miniotis, President & CEO, at 416-306-8334 or by email at john@abraplata.com.
Endurance Gold (TSXV:EDG) is focused on the acquisition, exploration and development of highly prospective North American mineral properties, offering exposure to several majority-owned exploration projects with significant discovery potential such as the Reliance Property in BC and the Elephant Mountain Project in Alaska.
From previous controlled properties that they divested, Endurance has 12.98 million common shares of Inventus Mining Corp. (TSXV: IVS), a 2% NSR on the Rattlesnake Hills property in Wyoming, and a 2.5% NSR on 33 claims in the Dogpaw Lake area, controlled by First Mining Gold Corp.
In September 2019, Endurance Gold acquired an option to earn a 100% ownership in the Reliance Gold Property located 5 kilometres east of Gold Bridge, B.C. and 10 kilometres north of the Bralorne Gold Mine, just a four-hour drive from Vancouver.
The Bralorne Gold Mine was one of the richest gold mines in Canada.
Operating from 1928 to 1971, the Bralorne and nearby Pioneer and King mines produced over four million ounces of gold.
Endurance management believes the geology of the region supports a single, regionally extensive, gold mineralizing episode and postulates the Reliance Project system could contain gold endowments similar to Bralorne.
At the Royal Shear Zone, surface grab and chip sampling results, together with the historic drilling, indicate a mineralized gold system of at least 750 metres of strike length at a vertical depth of at least 250 metres, remaining open and unexplored along strike in both directions and at depth.
In 2019, some surface sampling was completed as part of the company’s acquisition due diligence.
Highlight results included 10 grams per tonne gold over 5 meters at the Imperial Zone, 4.6 grams per tonne over 2 metres at the Senator Zone.
The company plans to start its 2020 program this month.
Endurance Gold’s shares are trading at $0.035.
For more information please visit the company’s website www.endurancegold.com, contact Robert T. Boyd, President & CEO, at 604-682-2707 or by email at info@endurancegold.com.
The full report is available on www.eResearch.com.
Chris Thompson, Director of Equity Research, commented on eResearch’s products: “eResearch Corporation, founded in 2000, is a respected source for institutional-quality, equity research focused primarily on small- and mid-cap companies. Our focus is to identify companies that have near-term catalysts, sound management, and significant potential for share price appreciation. We complement our corporate research coverage with a diversified selection of informative, insightful, and thought-provoking research publications from a wide variety of investment professionals. We provide our professional investment research and analysis directly to our extensive subscriber network of discerning investors, and electronically through our website, www.eresearch.com.”
I’m Fiona Forbes for Investmentpitch Media
