Rockstone Research Article on Tocvan Recent article by Rockstone research discussing Derek Woods recent interview with Ellis Martin. Highlights a few excerpts from the interview and the impact having a USA listing could have on Tocvan. I've provided the link for the article below and its translation into English if you can't read German like me. :)
https://www.rockstone-research.com/index.php/de/news/5873-Was-ist-Tocvan-Eine-Home-Run-Chance-sagte-CEO-Derek-Wood-im-US-Radio-kurz-bevor-ein-US-Listing-erwartet-wird
What is Tocvan? ‘‘ A Home Run Opportunity ‘‘ CEO Derek Wood said on US radio just before a US listing is expected
Released yesterday: First podcast from Ellis Martin on Tocvan Ventures Corp.
Last week it was announced that Tocvan Ventures Corp. (CSE: TOC; WKN: A2PE64) has pulled out all the stops to get a US stock exchange listing. While it can take 1-3 weeks for a newly requested share to be traded on a US stock exchange, an interview was published yesterday by the well-known radio presenter Ellis Martin from Malibu (California), who has a very large reach in the USA Has. He reaches many small and large investors, especially in the USA, who have been able to make a lot of money with his "recommendations" over the past few months via the radio and online via podcasts.
So far, investors have only been able to trade Tocvan shares in Canada and Germany. There are restrictions for Americans to buy stocks directly in Canada. Few investors have access to a broker who is allowed to trade stocks in Canada. So if the huge US investor market can buy Tocvan stock soon, then additional demand for relatively few stocks can have dramatic effects, both in terms of high stock prices and low liquidity.
What sets Tocvan apart from almost all other gold stocks: Tocvan has only 28 million shares issued in the market / in circulation - a very, very low total number of shares, many of which seem to be in firm hands.
Ellis Martin's podcasts discuss promising investment opportunities, with an emphasis on precious metals, commodities and technology. The 13 listed companies that Ellis Martin is currently presenting in his talk shows have an average market valuation of $ 132 million CAD. With a current stock market valuation of $ 31 million, Tocvan is one of the lowest-priced stocks that Ellis Martin is introducing to his audience. Further podcasts about Tocvan should follow in the next weeks and months (especially with good drilling results, which can arrive at any time).
Source: https://youtu.be/XLgtF6kXEr4
German short version:
• Ellis Martin asked Tocvan CEO Derek Wood what Tocvan Ventures is. His response: "Tocvan is a company that went public in 2018. It was a terrible time for mining stocks back then. It was, however, the end of the worst gold stock market almost everyone has seen ... But as the saying goes: "Every challenge comes with a correspondingly large or even greater opportunity." Our management team was very enthusiastic about how many properties existed at that time [2018] that could not be financed. It was not yet a good resource market, the people were more interested in funding cannabis but not resource projects. We saw this as an opportunity and structured a company with an enviable capital / share structure to relive previous exploration successes that took place during better market phases. And we were successful ...
On the one hand, we went public with the Roger Creek project in British Columbia. But once we were listed - and we went public with only 10 million shares issued - we went to work identifying other opportunities around the world. We looked at more than 100 projects and we were successful in negotiations to take over the Pilar project in Sonora, Mexico, which is now our flagship project. What excited us about Pilar was the amount of previous exploration that had already been carried out on the property, but only on a small part of the property. We saw very high grade, oxidized gold in an epithermal deposit. Wells with a total length of more than 17,700 m have already been completed and we thought, 'Hey, now that we've modeled it with modern software and reprocessed the old data, it looks pretty good for a minable resource. And then we started work. And the more we worked on the property, the happier we became with our choice of Pilar.
We then completed more rounds of funding and then most of our warrants were exercised and we still only had 25.5 million shares issued in the market. During this time we disclosed the project, we found new target areas, both in depth and in other parts of the property. We have expanded the Main Zone deposit [with step-out drilling]. It always looks better. We hope to dismantle a bulk sample this year so that we can see Tocvan as a near-term production candidate. We think it's very likely that we'll get it to produce some cash flow, not to attract a big company, but so that we can use the money for ourselves as a small business instead of issue new shares. This enables us to generate really great added value for our shareholders. That is what we attach great importance to: Rewarding our shareholders with "home run" opportunities. "
• In response, Ellis Martin asked, "So you really intend to keep the stock float as tight as possible while keeping the stock trading liquid. Is that your goal?"
• Derek Wood replied, "That is our goal as we realize the opportunity and move the project forward. By keeping the stock structure tight, it is possible to reward shareholders who have invested their money in a positive return outlook. It is not easy, but I think it's more important right now than ever to keep the share capital structure as tight as possible, also for the way stocks are traded. I started my professional career in the early 1990s when everyone had a stock worth $ 10 or $ 15 million. Now it's not uncommon for a little junior to have hundreds of millions of shares in the market - in my opinion, that doesn't offer that much "upside". Keeping the number of shares as low as possible Of course, if you keep the share structure as tight as possible, you're more likely to get a price increase mmt, so that you can raise a lot of money without being highly dilutive. We did a really good job of keeping the stock structure as tight as possible. We went public for $ 10 cents and today we're at one dollar. But we also made good progress with the project and in my opinion we are still very much undervalued compared to others in the region with similar projects. "
• Ellis then talked about this region in Mexico, where most of the country's gold mines are located and where most of the gold and silver is produced in the state of Sonora (36%).
• Derek was enthusiastic about running a project there in Mexico, he has already been there several times and has put together a renowned team there, such as Rodrigo Calles, who even kept the project going during the corona pandemic.
• Ellis emphasized that there is a huge gold community in Sonora, made up of skilled professionals, workers and companies, comparable to the mining region in Timmins, Canada. It is therefore all the more important to have a network there on site that is friendly and contributes significantly to successfully promoting a project.
• Derek said he couldn't be happier with his team in Sonora, as well as with the entire management team and board. He also emphasized how pleased he is with his chief geologist Brodie Sutherland, with whom he co-founded Tocvan. Since Brodie is something of a "tech geek", modern geophysics and new technologies have enabled him to make great advances for Pilar. With Fred Jones, Tocvan has good relations with Wall Street companies. With Donn Lovett, Tocvan has someone by hand who is known in government circles (including Canada and Mexico). Derek said, "We have a good team, we have a good project in a great jurisdiction, and I think we are in a good [gold] market too, and all of that with a great stock structure."
• Derek then spoke in detail about the current Phase 2 drilling program, which is divided into 2 stages. The 1st drill stage was recently completed and focused on expanding the established Main Zone deposit. Stage 2 has only just begun and for the first time some drilling is being completed on other parts of the property to make new discoveries outside of the Main Zone. The first round of drilling results can be published at any time.
• Derek also spoke about the benefits of the Main Zone, which can be brought into production quickly with an inexpensive open pit mine.
• At the end of the conversation, both talked about how difficult it is for Americans to buy stocks in Canada, although there are a few known brokers who have the appropriate license, so US investors are welcome to contact Derek if interested. to learn about ways to buy Tocvan shares directly on the Canadian Stock Exchange. Once the US listing is up, it will be a lot easier for Americans to buy Tocvan stock.
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