'The Perfect Blend of Timing, Talent and Treasure' 'The Perfect Blend of Timing, Talent and Treasure' - Insightful Intrynsyc Capital Corp breakdown of today's new TSXV listing, Borealis Mining (BOGO.v): https://cdn-ceo-ca.s3.amazonaws.com/1jb7418-Borealis%20Marketing%20Note.pdf
"Can you name a ~CAD$40M market cap gold junior exploration company with an existing operating mill, 2 Moz resource, and an estimated 65,000 oz of Au through a combination of material on the pad, in stockpile, and near-surface minable reserve?"
Company Highlights:
- With a market cap of approximately CAD $41.6M, BOGO is a junior gold exploration company that owns the Borealis gold project in Nevada.
- The project includes an existing operational mill, a 2 Moz gold resource, and an estimated 65,000 oz of gold from material on the pad, stockpiles, and near-surface reserves.
Management and Expertise:
- The management team has a strong track record of transforming under-capitalized and under-explored assets into top-tier projects. Key figures include Tony Makuch (Chairman) and Bob Buchan (Director).
Infrastructure:
- The Borealis Mine, a past producer, is fully permitted and equipped with a functional heap-leach pad and ADR facility. The mine has produced gold on-site and plans to do so again later this year.
Growth Potential:
- The project hosts a historic measured and indicated resource of 1.9 Moz at 1.25 gpt Au and an inferred resource of 0.407 Moz at 0.34 gpt Au. Minimal exploration drilling since 2012 indicates significant potential for both oxide and high-grade sulfide expansion.
Valuation:
- Borealis raised over CAD $15M in a challenging market, demonstrating its ability to secure substantial capital.
- The estimated replacement value of the existing infrastructure is CAD $70M.
Location:
- Situated in Nevada, a top-tier jurisdiction known for its significant gold production potential, the project is located within the Walker Lane Trend.
Investment Thesis:
- Borealis offers a compelling investment opportunity with existing infrastructure, a significant resource base, and experienced management.
- The project has potential for near-term cash generation from existing stockpiles and supplemental revenue.
- The company plans to focus on expanding the oxide resource and exploring additional targets within the property.
Upcoming Catalysts:
- Pending assay results from a maiden drill program in late Q3 2024.
- A near-term gold pour expected in late Q3 2024.
- Commencement of processing 4 Mt of stockpile material in Q4 2024.
- Ongoing drill results expected through Q4 2024 to Q1 2025.
Share Ownership:
- Insiders own approximately 14%, Rob McEwen owns 16%, institutional ownership is 31%, and retail investors hold the remaining 39%.
Presents an attractive valuation and a unique investment opportunity, BOGO has with significant upside potential and limited downside risk, supported by an experienced team and substantial existing resources and infrastructure.
For more information, refer to this deep dive that highlights what sets BOGO apart from its peers: https://www.reddit.com/r/Canadapennystocks/comments/1em1m66/gold_is_set_to_soar_the_case_for_leveraging_your/
Posted on Behalf of Borealis Mining Company Ltd.