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KRO Favorites Market Activity for May 9, 2024

Company		SV Rating	Updated	Value	Volume	High	Low	Close	Day Chg	News
Arizona Gold & Silver Inc (AZS-V)		Fair Spec Value	Dec 29, 2023	$31,516	78,300	$0.415	$0.390	$0.390	($0.020)	May 6, 2024
Brunswick Exploration Inc (BRW-V)		Fair Spec Value	Dec 29, 2023	$45,887	89,100	$0.530	$0.500	$0.520	($0.010)	May 8, 2024
Colonial Coal International Corp (CAD-V)		Fair Spec Value	Dec 29, 2023	$247,572	89,700	$2.820	$2.700	$2.750	$0.000	Dec 14, 2023
Hercules Silver Corp (BIG-V)		Fair Spec Value	Jan 4, 2024	$432,887	506,300	$0.880	$0.830	$0.850	$0.000	May 6, 2024
Patriot Battery Metals Corp (PMET-T)		Fair Spec Value	Dec 29, 2023	$956,489	113,800	$8.580	$8.230	$8.550	$0.250	May 7, 2024
Solitario Resources Corp (SLR-T)		Fair Spec Value	Dec 29, 2023	$6,510	6,000	$1.100	$1.070	$1.070	($0.020)	Apr 30, 2024
West Vault Mining Inc (WVM-V)		Good Spec Value	Dec 29, 2023	$1,070	1,000	$1.070	$1.070	$1.070	$0.080	May 7, 2024
Winsome Resources Ltd (WR1-ASX)		Fair Spec Value	Dec 29, 2023	$1,031,311	825,049	$1.275	$1.225	$1.250	($0.040)

KRO Favorites News Releases for May 5, 2024 to May 11, 2024

Arizona Gold & Silver Inc (AZS-V)

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May 6, 2024

$0.39

Drilling Progress on the Philadelphia Gold Silver Project, Arizona

Brunswick Exploration Inc (BRW-V)

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May 8, 2024	$0.52	CORRECTION: Drills 93.45 Meters at 1.55% Li2O at MR 6
May 8, 2024	$0.52	Drills 93.45 Meters at 1.55% Li2O at MR 6

Hercules Silver Corp (BIG-V)

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May 6, 2024

$0.85

Commences Phase III Drill Program

Patriot Battery Metals Corp (PMET-T)

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May 7, 2024

$8.55

New High Grade Zone Discovered at CV13 34.4 m at 2.90% Li2O, including 21.9 m at 3.58% Li2O, Corvette

West Vault Mining Inc (WVM-V)

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May 7, 2024	$1.07	Normal Course Issuer Bid
May 6, 2024	$1.07	Normal Course Issuer Bid

West Vault Mining Inc (WVM-V: $1.070)
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Tracker - May 8, 2024: Kaiser Watch May 8, 2024: West Vault Mining Inc (WVM-V)

Kaiser Watch May 8, 2024: Uranium, Gold and Phosphate at MIF
See Entire KW Episode Blog Direct YouTube Link for Entire Episode
(0:11:50): Why do you see West Vault Mining as a leveraged bet on the price of gold?
West Vault Mining Inc, headed by CEO Sandy McVey and Chairman Peter Palmedo, has positioned itself as a gold optionality play by completing a prefeasibility study and most of the permitting needed to develop the Hasbrouck and Three Hills gold deposits in Nevada to the southwest of Tonopah as open-pit heap leach operations. West Vault, which underwent a reorganization in 2020, has invested CAD $48 million to acquire and advance Hasbrouck project since 2014. The PFS updated in early 2023 indicates an after-tax NPV of USD $206 million at 5% and an IRR of 51.4% using a $1,790/oz base case price for gold that would yield 561,000 oz gold over 8 years from two nearby open pit mines. With CapEx at USD $66.2 million the project clears development hurdles but West Vault is in no hurry to put Hasbrouck into production. The stock offers good speculative value because the market is skeptical a producer would seek to acquire an asset that can produce only 71,000 ounces annually over a short mine life. However, Hasbrouck has resource expansion potential and would be the ideal starter mine for a producer seeking to consolidate and develop deposits in the Tonopah district. Although gold has hit $2,400, the market does not yet believe $2,000 is the new floor that will lead to a much higher real price as the conflict between Global East and West escalates. With $4 million working capital West Vault is in excellent position to wait for a buyout when a producer undertakes a district consolidation.
West Vault's Hasbrouck AT NPV (USD) at various gold prices
West Vault's Hasbrouck AT NPV per share (CAD) at various gold prices
Daily Change in GLD ETF gold ounce holdings

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