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Bullboard - Stock Discussion Forum Juggernaut Exploration Ltd V.JUGR

Alternate Symbol(s):  JUGRF

Juggernaut Exploration Ltd. is a Canada-based company that is in the business of acquiring, exploring and evaluating mineral resource properties. The Company’s operating properties include Midas and Empire Properties, Gold Standard Property, Gold Star Property and Bingo Property. It entered into two separate letter agreements with J2 Syndicate Holdings Ltd. (the J2 Syndicate) and its members... see more

TSXV:JUGR - Post Discussion

Juggernaut Exploration Ltd > Juggernaut Exploration agreement for Bingo property
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Post by mrsgoldminer on Feb 08, 2022 6:18pm

Juggernaut Exploration agreement for Bingo property

Juggernaut Exploration agreement for Bingo property

 

2022-02-08 17:23 ET - Property Agreement

 

The TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement dated Dec. 30, 2021, between the company and the J2 syndicate, whereby the company has been granted an option to acquire up to a 100-per-cent interest certain mineral claims (the Bingo property), located in the Skeena mining district in British Columbia.

Under the terms of the agreement, the company can earn a 49-per-cent interest in the property by: (i) incurring $190,000 of exploration expenditures by Dec. 15, 2022; (ii) incurring a minimum of an additional $700,000 of exploration expenditures by Dec. 31, 2023; (iii) making a $500,000 cash payment to the syndicate members by Dec. 31, 2023; and (iv) issuing three million units (consisting of one common share and one common share purchase warrant exercisable for a five-year period) to the syndicate members by Dec. 31, 2023.

To earn the remaining 51-per-cent interest in the property, the company is required to: (i) incur additional exploration expenses of $10-million between Jan. 1, 2024, and Dec. 15, 2027; and (ii) deliver a National Instrument 43-101 technical report that includes a resource calculation of gold equivalent mineral reserves (proven and probable) and gold equivalent mineral resources (measured, indicated and inferred categories) on the property by Dec. 31, 2027.

For further details, please refer to the company's news release dated Jan. 13, 2022.

© 2022 Canjex Publishing Ltd. All rights reserved.

Comment by Guerreiro8 on Feb 09, 2022 5:07pm
" BINGO" it was a buy for me today accumulation time for the upcome run. Good Management, great property, low float, only 43 Million outstanding, all the fundaments are there and Chart looks good. The TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement dated Dec. 30, 2021, between the company and the J2 syndicate, whereby the company has been ...more  
Comment by Gold64K on Feb 10, 2022 11:41am
@Guerreiro8 .20 cents? RU kidding? At .50 it's still a market cap of just over 20M.
Comment by Guerreiro8 on Feb 15, 2022 2:11pm
Gold64K; I agree with you that this baby has potential legs to run. JUGR's good fundamentals, nice properties, good experienced management what's holding it up from make a move to your predicted price. Some accumulation appears to be taking place today.
Comment by Gold64K on Feb 22, 2022 2:49pm
Last NR was very good, but, was from a project not expecting to be rapidly advanced. So, results were discounted. Still need initial results from current drill program. Plus's, nobody has heard of JUGG except a few followers of Crescat's PM funds.
Comment by Gold64K on Feb 23, 2022 5:05pm
@Guerreiro8 .50 is not my predicted price. The only reason I mentioned it was because that was NAU's high last spring. Share count is so low it's hard to call a price. I can see a possible scenario were one big hit drives price in the $1 range. At which point, I'd hope management does a large raise at drills like hell.
Comment by Gold64K on Feb 23, 2022 5:08pm
Correction: .50 was Jugg's high range last spring.
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