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Kaiser Media Watch Blog - October 1, 2020 to October 31, 2020


KRO Blog Overview
The KRO Blog is where unrestricted content of a time sensitive nature is posted. It includes the Kaiser Media Watch Blog which features content involving John Kaiser produced by third parties such as the Discovery Watch series by HoweStreet.com, interviews by outfits such as Investing News Network, SDLRC related commentary, the KRO Monthly Summaries, and just about anything else John writes that is not intended exclusively for the fee based KRO Membership.


Posted: Oct 29, 2020JK: Discovery Watch October 29, 2020 with Jim Goddard and John Kaiser
Published: Oct 29, 2020HSC: Discovery Watch October 29, 2020: Can Ex-Barrick Guys Lead to New Gold Rush?
Discovery Watch is a weekly 15-30 minute audio show produced by HoweStreet.com where Jim Goddard interviews John Kaiser about resource juniors with projects that have caught John's attention. The projects will not be limited to companies he has covered through the Spec Value Rating System. Jim and John will periodically circle back to review the projects and if necessary close them out as no longer worth watching. Check out the catalog of KRO Free Stuff. We currently have a USD $200 Membership Special which grants full access to the end of 2020. Discovery Watch is available via YouTube or Podcast..

Discovery Watch Audio Links
NuLegacy Gold Corp (NUG-V)





Red Hill United States - Nevada 2-Target Drilling Au Oct 29, 2020 - 0:00:01

Dios Explorations Inc (DOS-V)





K2 Canada - Quebec 2-Target Drilling Au Oct 29, 2020 - 0:10:30

Yorbeau Resources Inc (YRB-T)





Lemoine Canada - Quebec 2-Target Drilling Cu Zn Au Ag Oct 29, 2020 - 0:20:46

Disclosure: JK owns Dios; Yorbeau is a Bottom-Fish Spec Value rated Favorite; Dios and NuLegacy are Bottom-Fish Spec Value rated.

Posted: Oct 22, 2020JK: Discovery Watch October 22, 2020 with Jim Goddard and John Kaiser
Published: Oct 22, 2020HSC: Discovery Watch October 22, 2020: Winter Not Slowing Eskay Mining Activity
Discovery Watch is a weekly 15-30 minute audio show produced by HoweStreet.com where Jim Goddard interviews John Kaiser about resource juniors with projects that have caught John's attention. The projects will not be limited to companies he has covered through the Spec Value Rating System. Jim and John will periodically circle back to review the projects and if necessary close them out as no longer worth watching. Check out the catalog of KRO Free Stuff. We currently have a USD $200 Membership Special which grants full access to the end of 2020. Discovery Watch is available via YouTube or Podcast..

Discovery Watch Audio Links
Eskay Mining Corp (ESK-V)





SIB-Lulu Canada - British Columbia 2-Target Drilling Au Ag Cu Pb Zn Oct 22, 2020 - 0:00:01

Kodiak Copper Corp (KDK-V)





MPD Canada - British Columbia 3-Discovery Delineation Cu Au Oct 22, 2020 - 0:13:04

Harfang Exploration Inc (HAR-V)





Serpent Canada - Quebec 2-Target Drilling Au Cu Oct 22, 2020 - 0:20:15

Disclosure: JK does not own any of the companies mentioned; Eskay Mining is a Fair Spec Value rated Favorite; Harfang is Bottom-Fish Spec Value rated.

Posted: Oct 15, 2020JK: Discovery Watch October 15, 2020 with Jim Goddard and John Kaiser
Published: Oct 15, 2020HSC: Discovery Watch October 15, 2020: First Nations Favor Open Pit Mining?
Discovery Watch is a weekly 15-30 minute audio show produced by HoweStreet.com where Jim Goddard interviews John Kaiser about resource juniors with projects that have caught John's attention. The projects will not be limited to companies he has covered through the Spec Value Rating System. Jim and John will periodically circle back to review the projects and if necessary close them out as no longer worth watching. Check out the catalog of KRO Free Stuff. We currently have a USD $275 Membership Special which grants full access to the end of 2020. Discovery Watch is available via YouTube or Podcast..

Discovery Watch Audio Links
NioBay Metals Inc (NBY-V)





James Bay Canada - Ontario 4-Infill & Metallurgy Nb Oct 15, 2020 - 0:00:01
NioBay Metals Inc was introduced to DW in February 2019 after the junior was granted a drill permit for the James Bay niobium deposit in northern Ontario near the First Nations town of Moosonee. This didn't solve the problem that the tribal council chief was opposed to mining in principle and refused to consult with NioBay as required, and, when the Ontario ministry granted the permit anyway, filed for a judicial review of the decision claiming that NioBay never consulted with the Moose Cree FN. That pissed off the other MCFN tribal council members who resigned and forced an election in July 2019 rather than as scheduled in 2020. The anti-mining chief was not re-elected and most of her anti-mining allies on the council were replaced by members prepared to listen NioBay. That process finally led to a "protection agreement" which plugged the MCFN into NioBay's exploration plans and gave them comfort that this was not going to wreck their backyard. It allowed NioBay to conduct a drill program in Q1 of 2020 which it got done before Covid-19 shut down everything. The drilling deepened and extended the footprint of the carbonatite which led to an updated resource estimate in early July 2020 that boosted the indicated+inferred resource 19% to 63.5 million tonnes at a grade of 0.52-0.53% N2O5. That, however, is not so important because the critical milestone is a PEA which describes a plausible mining scenario and what its economic value might be. The niobium market is dominated by supply from Araxa in Brazil which is five times richer and five times bigger than James Bay. Niobium is a $3 billion market controlled 85% by the CBMM family which has set the niobium price at a level which allows 2 other mines to be viable, one in Brazil owned by ChinaMoly and Niobec in Quebec owned by Magris. Niobium demand has being growing at a CAGR of 6.5%, though this will be lower during the pandemic. But James Bay wouldn't be in production until 2025 or beyond. The deposit was discovered during the 1960's and taken to feasibility by Bechtel, but never developed because of its remote location. NioBay's goal is to make it the world's fourth major primary source of niobium and to do that James Bay needs to be viable at the price set by CBMM. NioBay is working on a PEA it hopes to have out before October 2020. It will present an underground only as well as open-pit/underground hybrid scenarios with a 6,000 tpd processing facility. The market has a hard time quantifying the size of a niobium prize, so I have created a SC 6,000 tpd UG scenario OV within the ShareCollective using a resource of 40 million tonnes at 0.53% N2O5 and the spot ferroniobium price. Its after tax NPV outcome is USD $576 million which translates into a potential future stock price of $13.19 if there is no further dilution. That is quite an impressive target even when you assume 100% dilution to drive James Bay through feasibility. The 43-101 PEA will thus be a critical milestone for the market's perception of the upside for NioBay, and it will also become the basis on which the MCFN will have to decide on what terms, if any, they support a major niobium mine in their backyard. (Jul 15, 2020)
FPX Nickel Corp (FPX-V)





Decar Canada - British Columbia 5-PEA Ni Oct 15, 2020 - 0:09:50
FPX Nickel Corp has had a Bottom-Fish Spec Value rating since 2017 while the junior worked on over-coming the limitations embedded in the PEA Cliffs delivered in March 2013 for a 114,000 tpd open-pit nickel mine at Decar which required a $9/lb plus nickel price to be viable. Most of this work has been completed and 2020 promises to be a relaunch of the Decar nickel story with an updated PEA expected in September 2020. FPX was introduced to Discovery watch in November 2016 as a different type of discovery in the sense that the Decar deposit, recognized in 2009, is unusual in having a very low 0.12% nickel grade as defined by a Davis Tube assay which only measures nickel recoverable through crushing and magnetic separation. This is different from a fire assay which will yield a similar grade for almost every ultramafic body that is economically worthless because it reflects nickel trapped in an olivine lattice. The Decar nickel is different because it occurs as awaruite, a nickel-iron alloy that is in effect natural stainless steel. The result is a very homogenous 1 billion tonne deposit that can be large scale open pit mined for 40 years without any sulphide related acid drainage and which, thanks to the magnesium content that ends in the tailings, could operate as a carbon sink which could bring Decar close to the holy grail of a carbon neutral mine. The key changes achieved by FPX management headed by Peter Bradshaw and Martin Turenne since buying back 100% ownership from Cliffs in 2015 are 1) replacing gravity separation with a flotation stage that generates a concentrate with 65% nickel that can be fed directly into stainless steel mills, delineation of the SE Baptiste zone that allows front-loading the ore schedule with higher grade ore, and preliminary studies that indicate that the concentrate can be converted directly into nickel sulphate, the form required by the EV battery market. FPX is unusual in that it has been funded by insiders and close associates through private placements that did not include warrants, a sign of strong internal belief that Decar is a winner. A key question the PEA will answer is the cost structure of Decar using the new flowsheet, which will make it easier to assess the potential economic value of developing Decar, expected to have a CapEx of $2 billion or more. The wild card is the future price of nickel which during the past decade has suffered from a glut of low grade laterite ore mined in Indonesia and the Phillipines and shipped as whole rock to Chinise blast furnaces where it is converted into nickel-pig-iron, a feedstock for lower quality stainless steel that meets China's standards. Indonesia no longer allows direct shipping of ore, and the Philippines is rapidly depleting the laterite resources suitable for this NPI market. The FPX PEA will show what nickel price is needed to achieve an NPV at least 50% of CapEx. Given that it will take another $40-$50 million to push Decar through feasibility to a permitted production decision, the speculative question is who might pay what percentage of the NPV at what stage for the privilege of investing another $2 billion to develop Decar as a 40 year mine in a secure jurisdiction that threatens little variation during the life of the mine. A decade ago the FPX team scoured the world in search of similar deposits, but concluded that Decar is pretty much unique. (Jul 22, 2020)
Forum Energy Metals Corp (FMC-V)





Love Lake Canada - Saskatchewan 2-Target Drilling Ni Cu Pd Pt Oct 15, 2020 - 0:14:23

Disclosure: JK owns FPX Nickel and NioBay; Forumnergy is a Bottom-Fish Spec Value rated Favorite, FPX and NioBay are Good Spec Value rated Favorites

Posted: Oct 8, 2020JK: Discovery Watch October 8, 2020 with Jim Goddard and John Kaiser
Published: Oct 8, 2020HSC: Discovery Watch October 8, 2020: Do or Die Time for James Bay Copper
Discovery Watch is a weekly 15-30 minute audio show produced by HoweStreet.com where Jim Goddard interviews John Kaiser about resource juniors with projects that have caught John's attention. The projects will not be limited to companies he has covered through the Spec Value Rating System. Jim and John will periodically circle back to review the projects and if necessary close them out as no longer worth watching. Check out the catalog of KRO Free Stuff. We currently have a USD $275 Membership Special which grants full access to the end of 2020. Discovery Watch is available via YouTube or Podcast..

Discovery Watch Audio Links
Sun Metals Corp (SUNM-V)





Stardust Canada - British Columbia 4-Infill & Metallurgy Au Cu Ag Zn Oct 8, 2020 - 0:00:01

Azimut Exploration Inc (AZM-V)





Pikwa Canada - Quebec 2-Target Drilling Cu Au Mo Ag Oct 8, 2020 - 0:06:21
Azimut Exploration In was introduced to Discovery Watch in September 2016 due to its minority stake in the Eleonore South project in the James Bay region of Quebec which covers the southern half of the Cheechoo intrusion where Sirios Resources Inc caught the market's imagination in early 2016 by rethinking a low grade bulk tonnage gold optionality into a potential high grade underground mineable system. Sirios started drilling the intrusion with NE oriented holes instead of SW holes and while initially this seemed to deliver high grade intervals more consistently, after several years it became apparent that the Cheechoo intrusion did not host coherent high grade zones that would lend themselves to underground mining. Sirios has since reverted to a bulk tonnage model and published a resource estimate in late 2019. Azimut's CEO Jean-Marc Lulin became the champion for Eleonore South which it had staked during the early days of the Eleonore discovery by Virginia. Work by Goldcorp and Eastmain failed to deliver a discovery because it was focused on the margins of the Cheechoo intrusion. JML focused on potential high grade zones such as Moni, but that effort grounded out just like that of Sirios. Today it is clear that Eleonore South and Sirios' Cheechoo needs to be consolidated as one property with a large open pit operation which has the support of Newmont (after acquiring Goldcorp), which is also a major shareholder of Sirios. The stick in the mud resisting a win-win proposal has been Azimut, which stopped funding its share of Eleonore South in 2018 when it decided to violate the PGFO strategy by drilling the Chromaska chromite target with its own money. Chromaska died quietly, and it looked like Azimut was a DW bust on two fronts. But in early 2019 when Midland's Mythril copper discovery ignited hopes for a base metals area play in the James Bay region Azimut's Pikwa project to the west became a DW focus after Azimut was able to swing a deal with SOQUEM to earn back a 50% interest. Mythril fizzled in H2 of 2019 when it became apparent that the very high grade copper mineralization was restricted to thin margins of dykes that weren't spaced closely enough to deliver a bulk mineable resource similar to that of the Aitik copper mine in Sweden. During 2019 Azimut focused on mapping and sampling the 20 km Copperfield Trend which projects SWW from the 10 km trend on Midland's Mythril project and established that there were major copper anomalies in the western and eastern ends of the anomaly. The middle seemed to be a dead zone though it did contain 2 prominent EM conductors, the only such anomalies within this trend. The geochemical dead zone may be due to the presence of a giant esker of glacially transported debris that obscures the bedrock. An IP survey in the East Copperfield portion yielded chargeability highs similar to those on the Mythril property to the east, which raised the question of whether Pikwa hosted more of the same marginal copper mineralization. Azimut decided to extend the IP survey west to include the EM conductors, because these could be part of a "center of gravity" for the mineralizing system where bigger zones may have evolved in this Archean setting. We are still awaiting the outcome of this IP survey and what Azimut plans next for Pikwa. Since December 2019, however, the DW focus has been on the Elmer project in the James Bay region where Azimut has demonstrated that the small 200 m by 80 m Patwon outcrop hosts 3 sets of mineralized gold veins: a set of short NW oriented Riedel type dilational veins, a set of sub-horizontal veins, and a set of NE-SW oriented veins, all occurring within what appears to be a 7 km NE trending shear structure. The high grades within the Patwon zone attracted market attention in January 2020 and Elmer was shaping up as a Discovery Watch success story. The association of pyrite with the gold prompted Azimut to conduct an IP survey which generated multiple chargeability highs of the sort associated with sulphide mineralization. Drilling resumed in late May 2020 with the first update occurring in late June after 29 new holes were drilled. Although the market initially responded positively, driving the stock as high as $3.50, the cautious wording by Azimut and the shifts in the drill location sequences of the two rigs suggested that expansion drilling was not playing out as expected. On July 27 Azimut disclosed results for holes close to Patwon which extended the strike 350 m and confirmed mineralization persists to a depth of 200 m. But it is disrupted to the SW and in the NE direction where holes not discussed are pending and where the IP chargeability anomaly is low rather than high. In fact, early holes drilled in ELM-1 where the IP anomaly is strong were not prioritized for assaying. During July Azimut drilled only 7 more holes, most of them in the other ELM IP anomalies. 18 holes were still being logged and assays are unlikely before September. The DW premise was that the Patwon zone would repeat itself along the 7 km shear, most of which is covered by swamp or overburden, with IP anomalies highlighting targets. It now looks like IP is not highlighting gold zones, so until we learn more about the geology and gold controls, the Elmer play is focused on definition drilling of the Patwon zone for a possible open pit scenario and chasing this style of mineralization deeper for an underground scenario. Elmer qualifies as a discovery, but for now it is not a game changing development for the gold potential of the James Bay region. (Jul 29, 2020)
Serengeti Resources Inc (SIR-V)





East Niv Canada - British Columbia 2-Target Drilling Cu Au Ag Oct 8, 2020 - 0:14:35

Disclosure: JK owns none of the companies mentioned; Azimut and Serengeti are Fair Spec Value rated Favorites; Sun Metals has been closed out as a Favorite and rated Poor Spec Value.

Posted: Oct 1, 2020JK: Discovery Watch October 1, 2020 with Jim Goddard and John Kaiser
Published: Oct 1, 2020HSC: Discovery Watch October 1, 2020: Is Scandium Input Key to Battery Breakthrough?
Discovery Watch is a weekly 15-30 minute audio show produced by HoweStreet.com where Jim Goddard interviews John Kaiser about resource juniors with projects that have caught John's attention. The projects will not be limited to companies he has covered through the Spec Value Rating System. Jim and John will periodically circle back to review the projects and if necessary close them out as no longer worth watching. Check out the catalog of KRO Free Stuff. We currently have a USD $275 Membership Special which grants full access to the end of 2020. Discovery Watch is available via YouTube or Podcast..

Discovery Watch Audio Links
Quebec Precious Metals Corp (QPM-V)





Sakami Canada - Quebec 3-Discovery Delineation Au Oct 1, 2020 - 0:00:01

Scandium Intl Mining Corp (SCY-T)





Nyngan Australia - New South Wales 8-Construction Sc Oct 1, 2020 - 0:07:48

Cons Woodjam Copper Corp (WCC-V)





Woodjam Canada - British Columbia 4-Infill & Metallurgy Cu Au Mo Oct 1, 2020 - 0:20:41

Disclosure: JK owns Cons Woodjam & Scandium Intl; Quebec Precious Metals & Scandium Intl are Bottom-Fish Spec Value rated Favorites; Cons Woodjam is a Good Spec Value rated Favorite

 
 

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