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Bullboard - Stock Discussion Forum Waseco Resources Inc V.WRI

Alternate Symbol(s):  WSRUF

Waseco Resources Inc. is a Canada-based exploration stage company. The Company is engaged in the acquisition and exploration of mineral properties. The Company operations are in Canada and the United States. The Company’s exploration projects include its primary project, the Battle Mountain Ridge Project in Nevada, United States, and interests in projects in the Quebec Labrador Trough and James... see more

TSXV:WRI - Post Discussion

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Post by portter on Apr 02, 2019 10:12am

Note

1
Waseco Prepares to Re-Activate Drilling Program:
Nevada was rated as the top jurisdiction in the world for mining investment by the Frazer Institute for 2018.
Waseco’s Battle Mountain Ridge Project is within a few kilometers of millions of ounces - and there is a gold deposit immediately next to it. Better yet, there is gold on the property. After waiting years for a strategic play to unfold, the decision has been made to seek funding to carry out follow-up on a gold discovery made by the Company.
Recently, Allan Barry Laboucan, the CEO of Advance Gold and author of the Allan Barry Reports, shared the following insights which we endorse wholeheartedly:
Extracts from the Allan Barry Reports- barryallanreports@gmail.com
“It isn’t like we are back to a raging bull market for gold. One thing we are definitely seeing for around 6 months or so, as juniors put out good drill results, they are getting some love in the market. Obviously, the big trick is to deliver with the drilling. Easier said than done, which makes the truth machine a great filter for which companies to follow. I monitor a pretty healthy amount of mining companies on my radar screen.
Nevada is one of my favourite places to look for gold exploration stocks. It is mining-friendly, one of the most worldwide. It has a long mining history, which means there is a lot of infrastructure and a lot of geological knowledge built up. Good climate, so you can work pretty much work year round all over the state. These attributes all keep the costs down, for exploration and mining. One of the main reasons I like Nevada gold exploration so much, is when a company has success, they get a premium. In this case the Nevada Premium. It all has to do with a long history of remarkable gold geology, everybody knows when you find something special in Nevada it can be very big. So, investors will often pay a higher price for drilling success in Nevada. It’s nice to have good projects in Nevada, it is an entirely different matter to be able to deliver with the drilling. An even tougher task is to find a high-grade gold system. Even trickier is to find a system that can be big. One in Nevada that can deliver high grades up to bonanza grades, and as importantly has evidence of significant size potential. That is a recipe for success no matter where you are looking for gold.
For me it as a measuring exercise. On one side of the balance is the realistic potential of a company’s projects. On the other side is the valuation. I’m looking to stack the deck in my favour, with strong potential that is being priced way too cheaply. As I mentioned in a recent report, there is a big need not being met for quality commentary on the junior mining sector. Drill Drill Drill Drilling is the most crucial tool to evaluate what a company has in the ground, knowing how to value what they hit can make investors a lot of money. Another important factor is share structure. Drilling, share structure and valuation is what I focus on in the reports, as should investors. When it comes to gold elephant country, Nevada is one of the prime locations worldwide. They are in the right neighborhood and so far it looks like the historical miners didn’t just leave crumbs of where to explore, they left a lot of gold behind as well. This business is about projects and share structure. Next step, drill baby drill.”
2 Queen St. East, Suite 1500 Toronto, Ontario, Canada M5C 3G5 Tel: (416) 364- 3123 e-mail: rickw@wasecoresources.com
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