Rockstone Research Report Translated Tocvan: Price target of $ 9.63 is becoming more and more likely - the success story has only just begun
New interview: Significant new discoveries can be a huge success, drilling results expected shortly
Fullscreen / This is how fast it can go: The shares of Aya Gold & Silver Inc. rose from $ 1.45 to over $ 10 in the past 12 months.
While we shareholders are eagerly awaiting the release of further drilling results, CEO Derek Wood spoke in an interview yesterday after the market closed about Tocvan Ventures Corp.'s drilling successes to date. (CSE: TOC; NYSE: A2PE64) on its Pilar gold-silver project in Sonora, Mexico. The laboratory results of 7 additional wells are still pending and could be a huge success for Tocvan and its shareholders as some of these wells were completed in parts of the property that have never been explored before.
In plain language, this means that important new discoveries can be made in the near future. The upcoming publication of these drill results (possibly split into several press releases) should lead to a fundamental re-evaluation as new discoveries outside the established Main Zone deposit would be a spectacular event to convince new investors of the project's scope, including large mining companies that co-operate the Pilar project Want to bring Tocvan into production.
A strategic partnership like that of its big neighbor Minera Alamos Inc. (market value: $ 274 million) with the financially strong mining giant Osisko Gold Royalties Ltd. (Market value: $ 2.8 billion) would be equivalent to an accolade, as Tocvan is currently only valued at $ 44 million on the stock exchange and an approach to the market value of Minera Alamos would suddenly become a reality. To achieve the same stock market valuation as Minera Alamos, Tocvan stock would have to rise to $ 9.63 as the company only has 28.4 million shares in the market. That such a high share price can be achieved in a short time was explained in a report last week (see here).
A short German version of the interview published yesterday is available below:
Source: https://youtu.be/YITWhTjmI6A
German short version (free translation):
• The Phase 2 drill program is still ongoing.
• Derek said that the Tocvan team realized with the Pilar acquisition that it was a near-term open-pitable production story due to the work of previous operators. The more the Tocvan team worked on the project, the more this finding was confirmed; above all, that the size and extent of the epithermal deposit is growing.
• And with the latest drill results, the Tocvan team did it again ("we did it again"): "We have completed step-out drilling well outside the main zone or known deposit and have been successful as we have economic mineralization ("economic mineralization") in parts of the property where there was little or no drilling before. We were successful. Now we have a better understanding of where and how the epithermal system runs and gold was deposited near the surface of the earth. "
• Steve Darling insisted, "It was a 100m step out hole, wasn't it? 100m outside of the Main Zone is quite significant."
• Derek replied: "Yes, it is our second 100 m step-out hole from the Main Zone, as we announced not only on July 8th, but also in mid-June that there was a drilling success with step-out holes in different locations The size of the mineralization has become extremely interesting. We are still awaiting laboratory results from 7 more holes, some of which have been completed in parts of the property where drilling has never been done before. Our preliminary work such as mapping, soil and rock sampling have taken us into these new pieces of property in conjunction with the information from the Main Zone. So we could soon see significant new discoveries in new zones that have never been explored before. "
• Tocvan has already obtained approval for further drilling and trenching. Derek emphasized: "Trenching will become something like" mini bulk sampling ", with which we will get a better understanding of metallurgy (ie processing properties into gold bars), whereby we have already carried out metallurgical investigations with great success . These mini-bulk samples then turn into real large samples with dimensions of 50,000 tons, which we can do within the next 12 months. And then hopefully production financing will come up. Until now this dream is becoming more and more a reality. "
• Thereupon Steve noted that the Tocvan share performed very well and stable compared to other gold stocks, mainly thanks to the drill successes it had achieved. Derek replied, "We have great shareholders who have continued to invest, while the stock has been doing well for the past 12 months. We have a tight trading float, which has always been our goal. That means, that we all really want to reward our shareholders. However, that also means that little trading volume up or down can make it a little volatile. But nothing has fundamentally changed, we have reduced the project risk with our work Share has risen in the past 12 months, we have only just started talking about the project and showing it to others, wait and see because only now can we travel again to sit down with others and really explain what we think here. Also with regard to the other project that we recently took over. "
• With regard to the current share price development, Derek emphasized: "The current weakness in the share price, if you can call it such a thing, will be short-lived in my opinion" ("will be pretty short-lived").
Company details
Tocvan Ventures Corp.
Suite 1150 Iveagh House
707 - 7th Avenue S.W.
Calgary, Alberta, Canada T2P 3H6
Phone: +1 403 668 7855
Email: dwood@tocvan.ca (Derek Wood)
www.tocvan.com
ISIN: CA88900N1050
Shares in the market: 28,441,496
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Canada Symbol (CSE): TOC
Current Price: $ 1.53 CAD (7/13/2021)
Market Capitalization: $ 44M CAD
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Germany Symbol / WKN (Tradegate): TV3 / A2PE64
Current Price: € 1.01 EUR (07/13/2021)
Market capitalization: € 29 million