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KRO Profile

Aurion Resources Ltd (AU-V)

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Price:$0.700  Open Rec:See Strategy
Market Cap:$82,288,480  WC % of Mkt Cap:31%
Working Cap:$25,303,115  As of:12/31/2021
Issued:117,554,971  Insider %:18.4%
Diluted:126,923,894  Story Type:Resource: Discovery Exploration
Key People:Matti Talikka (CEO), David Lotan (Chair), Mark Serdan (CFO),
SV Rating: Fair Spec Value - Favorite - as of December 31, 2021: Aurion Resources Ltd is a Fair Spec Value rated Favorite at $1.30 effective December 31, 2021 based on its strategic land position within the Central Lapland Greenstone Belt of northern Finland where a 4 million ounce gold discovery in 2020 by Rupert Resources Ltd is likely to result in a district consolidation over the next two years. The CLGB has a scale similar to the Abitibi Greenstone Belt but has recorded the discovery of only 9.1 million ounces gold compared to 85 million ounces in the Abitibi largely due to relative under-exploration. Finland's geological survey, GTK, dominated exploration activity and outlined a 285,000 oz orogenic style gold deposit in 1987-1991 at the Suurikuusikko project. In 1997 Finland changed its mining code to allow exploration by foreigners; Riddarhyttan Resources AB won the public tender in 1998 and delineated the deposit with backing from Agnico-Eagle which acquired the entire project in 2005 and put it into production as the 6,000 tpd Kittila Mine in 2009. At the end of 2020 the Kittila resource stood at 4.1 million oz (30 million t @ 4.16 g/t Au) with Agnico-Eagle guiding 250,000 oz production for 2021 and a mine life until 2034. Aurion was a struggling prospect-generator-farmout junior when David Lotan took charge and refocused the junior to Finland by acquiring a major land position in 2014 from Dragon Mining Ltd. The geological hypothesis was that the 120 km long Sirkka Shear Zone was the crustal scale equivalent to the Destor-Porcupine Fault that runs through the Timmins District in Ontario and that tens of million ounces remained to be found by exploring the splays that come off this structure. This flew in the face of the fact that the refractory Kittila Mine is more than 20 km from the SSZ. A large portion of the land packag...(see Profile for full Overview)
Last KRO Comment - Jan 24, 2022: Tracker: Spec Value Rating for Aurion Resources Ltd
Recent News - Jun 13, 2022: Aurion B2Gold JV Extends Gold Mineralization at Helmi and Intersects New Zone of Gold Mineralization to the Northwest
  Project Interest   Country Region Stage IPV
($mm)		 Target Deposit
Model
Risti 100% WI Finland Other 3-Discovery Delineation $89 Gold Shear / Vein
Kutuvuoma 30% WI Finland Other 3-Discovery Delineation $296 Gold Orogenic Vein
Launi 100% WI Finland Other 2-Target Drilling $89 Gold Orogenic Vein
Silaskaira 30% TC Finland Other 1-Grassroots $296 Gold Orogenic Vein

Eskay Mining Corp (ESK-V)

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Price:$1.870  Open Rec:See Strategy
Market Cap:$318,696,835  WC % of Mkt Cap:2%
Working Cap:$7,328,459  As of:11/30/2021
Issued:170,426,115  Insider %:14.9%
Diluted:202,603,766  Story Type:Resource: Discovery Exploration
Key People:Hugh (Mac) Balkam (CEO), Carmelo Marrelli (CFO), John DeDecker (VP EX), M. Robert Myhill (VP FI), William R. Johnstone (Sec),
SV Rating: Fair Spec Value - Favorite - as of December 31, 2021
Last Corporate Change - Nov 3, 2009: 1:1 Name Change from Kenrich-Eskay Mining (KRE-V)
Last KRO Comment - Sep 18, 2020: Tracker: What's Next for Eskay Creek Mining Corp?
Recent News - May 31, 2022: Commences 30,000 Meter Drill Program at Consolidated Eskay VMS Project, Golden Triangle British Columbia
  Project Interest   Country Region Stage IPV
($mm)		 Target Deposit
Model
Eskay 100% WI Canada Golden Triangle 3-Discovery Delineation $379 Gold Silver Copper Lead Zinc VMS
North Mitchell 80% WI Canada Golden Triangle 2-Target Drilling $474 Gold Epithermal Vein

Galway Metals Inc (GWM-V)

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Price:$0.415  Open Rec:See Strategy
Market Cap:$83,258,751  WC % of Mkt Cap:9%
Working Cap:$7,301,649  As of:12/31/2021
Issued:200,623,497  Insider %:12.2%
Diluted:219,244,747  Story Type:Resource: Feasibility Demonstration
Key People:Robert Hinchcliffe (CEO), Robert D. B. Suttie (CFO), Rafael Solis (VP FI), Lawrence J. Strauss (VP CD),
SV Rating: Fair Spec Value - Favorite - as of December 31, 2021: Galway Metals Inc is a Fair Spec Value rated Favorite as of December 31, 2021 based on its efforts since 2016 to demonstrate the multi-million ounce district scale gold potential of the 100% owned Clarence Stream project in New Brunswick, and to show that the Estrades polymetallic VMS system in Quebec has significant resource expansion potential at depth and that the 31 km long property can yield an entirely new VMS discovery at the Newiska target about 10 km to the east. Tracker Feb 18, 2020 describes Galway's origin as a spinout from CEO Robert Hinchcliffe's Galway Resources Ltd which was bought out in 2012 for its property near Ventana's La Bodega gold discovery in Colombia and provides background for the Clarence Stream project. Tracker Aug 23, 2021 provides an overview of Galway's recent objectives for the Clarence Stream and Estrades projects. The 60,000 ha Clarence Stream project straddles 65 km of the Appalachian Gold Trend which stretches from the Carolinas through Newfoundland and Ireland into Scandinavia. The key structural feature at Clarence Stream is the east-west oriented Sawyer Brook Fault which cuts through Ordovician and Silurian metasediments that have been intruded by various stocks that served as the heat engines for creating quartz vein hosted stockwork and disseminated gold mineralization of the intrusion related gold system style. Since 2016 Galway has drilled about 130,000 m on top of the 60,000 m drilled by previous owners, most of it focused on the cluster of new zones discovered in late 2017 about 7 km southwest of the existing North and South zones for which 9,586,000 tonnes of 2.17 g/t gold OP and UG mineable (667,000 oz) was estimated in 2017 (M+I+I). Galway established a data cutoff at the end of 2021 for the purpose of delivering an init...(see Profile for full Overview)
Last Corporate Change - Sep 16, 2013: 3:1 Rollback with no Name Change
Last KRO Comment - Jan 19, 2022: Tracker: What's Next for Galway Metals Inc?
Recent News - Jun 8, 2022: Update to Insider Purchases
  Project Interest   Country Region Stage IPV
($mm)		 Target Deposit
Model
Clarence Stream 100% WI Canada New Brunswick 4-Infill & Metallurgy $91 Gold Antimony Intrusion Related Gold System
Estrades 100% WI Canada Quebec 4-Infill & Metallurgy $91 Zinc Copper Gold Silver VMS

Northwest Copper Corp (NWST-V)

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Price:$0.420  Open Rec:See Strategy
Market Cap:$61,051,044  WC % of Mkt Cap:31%
Working Cap:$18,631,759  As of:12/31/2021
Issued:145,359,629  Insider %:6.9%
Diluted:172,695,553  Story Type:Resource: Feasibility Demonstration
Key People:Peter Bell (CEO), Mark O'Dea (Chair), Lauren McDougall (CFO), Ian Neill (VP EX), Pamela White (Sec),
SV Rating: Fair Spec Value - Favorite - as of December 31, 2022: Northwest Copper Corp is the combination of two former KRO Favorites, Serengeti Resources Inc and Sun Metals Corp, which merged on March 5, 2021 on terms where Serengeti undertook a 2:1 rollback and Sun Metals merged with the resulting company on a 0.215 NWST share for 1 Sun Metals share. Sun Metals was a Bottom-Fish Spec Value rated 2020 Favorite at $0.23 but it was downgraded to Poor Spec Value on Oct 2, 2020 when it became apparent that the Stardust project was not delivering anything new. Serengeti, in contrast, which was started as a Bottom-Fish Spec Value rated 2020 Favorite at $0.185 was upgraded on October 8, 2020 to a Fair Spec Value rated Favorite at $0.355 based on news that the East Niv copper-gold prospect had turned into a compelling porphyry target that would be drilled for the first time in 2021 (see Tracker October 8, 2020). The merger deal was announced on November 30, 2020. Serengeti was continued as a Fair Spec Value rated 2021 Favorite at $0.39 on December 31, 2020 which adjusted to a $0.78 cost base when Serengeti and Sun Metals merged. The merger created synergies in several areas which effective May 17, 2021 justify upgrading Northwest Copper Corp to a Good Spec Value rated 2021 Favorite at $0.80. The first issue was that neither Sun Metals' Stardust nor Serengeti's Kwanika projects in central British Columbia had sufficient critical mass to be developed as standalone mines, Stardust as an underground only high grade copper-gold-silver CRD style mine, and Kwanika as a combination open-pit/underground mine most of whose output would be underground mined. Stardust, which started off with the Canyon Creek resource of 2,970,000 tonnes at 1.27% copper, 1.68 g/t gold and 32.6 g/t silver, spurred excitement in 2018 with the late season discovery of the ...(see Profile for full Overview)
Last Corporate Change - Mar 5, 2021: 2:1 Name Change from Serengeti Resources Inc (SIR-V)
Last KRO Comment - May 18, 2021: Tracker: What's Next for Northwest Copper Corp?
Recent News - Apr 26, 2022: Closing of Tranche 2 of Its Consolidation of 100% Interest in Kwanika Project
  Project Interest   Country Region Stage IPV
($mm)		 Target Deposit
Model
Kwanika 100% WI Canada Central BC 5-PEA $73 Gold Copper Silver Molybdenum Porphyry
East Niv 100% WI Canada Northern BC 2-Target Drilling $73 Copper Gold Silver Porphyry
Stardust 100% WI Canada Northern BC 4-Infill & Metallurgy $73 Gold Copper Silver Zinc Carbonate Replacement
Lorraine-Top Cat 100% WI Canada 4-Infill & Metallurgy $73 Copper Gold Silver Porphyry
Jewel 100% WI Canada Central BC 2-Target Drilling $73 Copper Gold Skarn
Arjay 100% WI Canada Northern BC 2-Target Drilling $73 Copper Porphyry
East Copper King 100% WI Canada Northern BC 1-Grassroots $73 Copper Porphyry
ET West 100% WI Canada Northern BC 1-Grassroots $73 Copper Porphyry
Far East - LaForce 100% WI Canada Northern BC 1-Grassroots $73 Copper Silver
Notch 100% WI Canada Northern BC 1-Grassroots $73 Copper
TrUM 100% WI Canada Northern BC 1-Grassroots $73 Nickel Cobalt Ultramafic Complex
West Goldway 100% WI Canada Northern BC 2-Target Drilling $73 Copper Porphyry
UDS 100% WI Canada British Columbia 2-Target Drilling $73 Gold Copper Porphyry
Croy Bloom 100% WI Canada Quesnal Trough 2-Target Drilling $73 Copper Gold Cobalt Porphyry
Milligan West 56.3% WI Canada Quesnal Trough 2-Target Drilling $129 Copper Gold Porphyry
OK 100% WI Canada Southwest BC 4-Infill & Metallurgy $73 Copper Molybdenum Porphyry

P2 Gold Inc (PGLD-V)

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Price:$0.455  Open Rec:See Strategy
Market Cap:$28,380,350  WC % of Mkt Cap:4%
Working Cap:$1,151,749  As of:12/31/2021
Issued:62,374,395  Insider %:40.1%
Diluted:97,046,097  Story Type:Resource: Feasibility Demonstration
Key People:Joseph J. Ovsenek (CEO), Grant Bond (CFO), Kenneth C. McNaughton (VP EX),
SV Rating: Fair Spec Value - Favorite - as of December 14, 2021: P2 Gold Inc was made a Bottom-Fish Spec Value rated 2021 Favorite at $0.40 on December 31, 2020 based on its new role as the post-Pretium exploration vehicle for Joe Ovsenek and Ken MacNaughton, the former CEO and Exploration VP for Pretium and its high grade Brucejack gold project in the Golden Triangle. On February 23, 2021 P2 Gold expanded the focus with the acquisition of an all-season advanced project in Nevada's Walker Lane called Gabbs which hosts several copper-gold porphry style deposits. This is an expensive acquisition whose closing is contingent on P2 Gold completing a $16 million private placement consisting of 32 million shares at $0.50. Gabbs will become the new flagship project for P2 Gold which in the worst case will function as a copper-gold optionality story with the existing resource, but will initially be the focus of a major system rethink by the Ovsenek/MacNaughton team which will assess the deeper potential of what they believe is a gold dominated alkaline porphyry system different from the copper porphyries at Yerington. The Golden Triangle projects optioned during the summer of 2020 have heavy vesting obligations that kick in after the second year, so these will be subjected to make or break exploration programs over the next year. P2 Gold remains Bottom-Fish Spec Value rated while we wait for the $16 million financing to close, of which USD $5 million will go to close the Gabbs acquisition, and the rest will fund 2021 exploration programs. Along with several associates Joe Ovsenek and Ken MacNaughton purchased founder stakes through a 10 million share private placement at $0.10 (no warrants) in April 2020 following a 6:1 rollback of Central Timmins Exploration Corp, a mediocre junior which went public by IPO through PI Financial on Oct 16, 201...(see Profile for full Overview)
Last Corporate Change - Aug 31, 2020: 1:1 Name Change from Central Timmins Expl Corp (CTEC-V)
Last KRO Comment - Feb 23, 2022: Tracker: P2 Gold - Updated Gabbs Outcome Visualization based on 2022 resource estimate
Recent News - Jun 23, 2022: Upsizes Flow Through Financing
  Project Interest   Country Region Stage IPV
($mm)		 Target Deposit
Model
Gabbs 100% WI United States Nye County 4-Infill & Metallurgy $44 Gold Copper Porphyry
BAM 100% WI Canada Golden Triangle 3-Discovery Delineation $44 Gold Silver Copper Intermediate Sulphidation Epithermal
Todd Creek 70% WI Canada Golden Triangle 2-Target Drilling $63 Copper Gold Porphyry
Natlan 100% WI Canada Northern BC 1-Grassroots $44 Silver Lead Zinc Gold Carbonate Replacement
Silver Reef 100% WI Canada Northern BC 2-Target Drilling $44 Silver Lead Zinc Gold Carbonate Replacement
Lost Cabin 100% WI United States Oregon 2-Target Drilling $44 Gold Epithermal
 

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