LONDON, March 6, 2017 /PRNewswire/ --
OilPrice.com Market Commentary: As Trump sets out to 'make America great again'; gold is back on everyone's radar, gaining on
widespread uncertainty and promises of high-level inflationary infrastructure spending. For our favorite precious metal, this is
a euphoric time. Gold is great again, and all-American gold, even better. Mining Companies with recent performances in the
markets include: B2Gold Corp. (NYSE: BTG), Kinross Gold Corporation (NYSE: KGC), Freeport-McMoRan Inc. (NYSE: FCX), Sibanye Gold
Limited (NYSE: SBGL) and Stillwater Mining Company (NYSE: SWC).
The world's hottest mining belt right now is the U.S. state of Montana. With gold futures up
10 percent and spot prices up almost 7.5 percent in the first quarter, history is preparing to repeat itself with another gold
rush.
And while the 'Wild West' itself has been tamed since the last gold rush, there will be nothing tame about Montana gold. The state is home to one of the world's biggest metals bonanzas, and its Silver Star Mining
District is a gold belt with massive historic Gold Rush infrastructure and what Broadway Gold Mining Ltd. ( BR D.V ; BDWYF ), is eyeing as some of the most lucratively
underexplored and underexploited gold territory in the world.
The Broadway dream team gets it-this is a smart move on pure American gold. But so does China. In this race to stake new claims in Montana, there is growing
concern that China may get too much of a foothold here for the national security interest to
stomach.
Montana will be thanking Trump for his phenomenal effect on gold. Gold thrives on chaos, and
even the slight possibility of impeachment keeps gold prices up. But gold is now good in any scenario. If he remains in office,
Trump will pursue highly inflationary policies, and while gold loves chaos first and foremost, inflation is its mistress.
Gold stocks are loving this. By mid-February this year, the market's largest gold stocks saw double-digit gains.
Freeport-McMoRan (NYSE:FCX), up 21 percent in January, sold an impressive 1.1 million ounces of gold in 2016 and produced
a whopping 4.65 billion ounces of copper. Kinross Gold (NYSE:KGC) was up more than 18
percent in the first month of 2017, and Sibanye Gold (NYSE:SBGL), also up, reported a fivefold increase in earnings. B2Gold (NYSE: BTG) was also up 21 percent in January.
So while the idea of 'making America great again', the prospect of inflation, and the overall atmosphere of uncertainty are
the best positive fundamentals for gold, everyone should also be looking at the White House's emerging China policy, because any negative statements about China right now will
send gold soaring even higher. A major coup for gold would come if the new administration comes out with a declaration that
China is manipulating currency, or that the U.S. plans to meddle more visibly in the South China
Sea.
Geopolitically, we haven't seen this level of pending global chaos in decades, and we're looking at a unique small-cap that is poised for gains in an emerging scenario that is
great for gold.
In this new role, American gold is about to play in an increasingly uncertain world, it's all about Montana and a small-cap company that in the coming weeks is poised to demonstrate just how important it is
in making American gold great again.
5 Reasons to keep a close eye on Broadway (BR D.V ; BDWYF) as gold enters a new
era:
#1 Brand New Listing, Massive Historic Production
Broadway owns a 100 percent interest in the Madison Gold and Copper Mine in the heart of southwestern
Montana's prolific Silver Star Mining District gold belt. This is a pure play gold and copper
project in Butte, Montana-arguably one of the largest collections of metals in the entire world.
It's only 50 miles from the famous Butte open pit mine.
In this acquisition, Broadway has inherited 450 acres that already have extensive underground development and facilities.
It's also inherited C$9.9 million of direct expenditures already made on the
mine historically, plus another C$2 million invested by former owner, Coronado Resources, since
2005.
This is a gold-copper skarn deposit associated with a deeper copper-gold porphyry deposit that already has six federal
patented claims and 35 underexplored unpatented claims.
It's also home to the Broadway Gold Mine-from whence the newly listed company takes its name. The Broadway Gold Mine is a
historic producer dating back to the 1880s. Between 1880 and 1950, the mine yielded some 450,000 tons from 6,000 feet of
underground workings.
What's different today? Quite simply, water and technology. Historic exploration was shallow, sticking to 400 feet at most
because getting down to the water was too expensive and technically challenging.
The best part: It's never been fully explored or exploited, and Broadway has already identified a series of high-grade gold
and copper zones for expansion.
In the meantime, Montana is fast becoming the hottest mining venue in the world, and the
competition is fierce. Sibanye, which is 20 percent owned by the Chinese, is trying to win approval for the US$2.2-billion takeover of Stillwater Mining Co. (NYSE:SWC) and its two Montana mines, which are the biggest platinum operations in the U.S., and even the biggest outside of
South Africa and Russia.
#2 The Lucrative Copper Upside
This isn't just about gold. There's a huge copper upside here, as well. Broadway's new acquisition is undoubtedly one of the
largest copper mines in the U.S., and with copper prices jumping over 9 percent in January, there has never been a better time to
get in on this metal.
The copper prospects here are just as exciting, and it makes the lucrative gold that much more attractive. Broadway
(BRD.V; BDWYF) is looking forward to finding deep-seated copper
porphyry, common to the classic Butte copper porphyry, copper-gold multi-element system. So
while, the company is chasing down near-surface skarn material right now, just 600-700 feet deep, it's going much deeper in the
near future.
And timing is everything with a small-cap that's got a stellar management track record: It has already drilled eight holes and
lab results from the first three will come out
possibly within a week.
#3 Advanced Stage Exploration
Broadway's gold-copper play is an advanced-stage exploration project. Because they have all the underground mine workings
already and have already rehabilitated it, they can gain access to the areas that the previous owners were bulk sampling. That means they have access to material
immediately. At the same time, its surface drilling program that is already into Phase 2 is working toward Broadway's maiden 43,000+
resource calculation.
#4 Fu lly Capitalized, and Hitting Drilling Hard
Though Broadway (BRD.V; BDWYF) is a brand new listing, as of late 2016 it's already fully capitalized after two successful
fund-raising series. The first phase raised US$900,000, and the second, US$2.1 million. The first phase was used for the acquisition and then the second will be applied to an
aggressive field program of underground mine rehabilitation, deep IP geophysics and surface drilling. They've already finished
the Phase 1 drill program, and Phase 2 launched last week.
#5 Billion-Dollar Background
For small-caps, it's all about management, and Broadway has a dream team that's nothing short of legendary in the oil and gas
and mining sectors. Chairman Duane Parnham spent his career founding and developing attractive
resource-focused companies, including Temex Resources, Giyani Gold and Canoe Mining Ventures. He started UNX Energy as a
US$2-million shell focused on offshore oil and gas in Namibia and
raised US$60 million in equity against a US$6-million acquisition
cost before he sold the company for US$730 million. After that, in 2011, Parnham started Giyani
Gold, exploring in South Africa's Giyani Green Stone Belt. Again, he turned a US$1-million start-up into a gold mine, raising US$9 million in equity and
turning it into a US$350-$400-million market cap.
Junior resource companies with huge overheads and exorbitant consultant and management fees don't last too long, but Broadway
has a small team of experts with proven multi-million-dollar track records and they don't need expensive consultants and they
don't believe in big overheads. On the contrary, they are a low-burn company with key figures who don't need a day-to-day
paycheck. They're fully focused on adding value to an exciting project. And this company is truly motivated to get to the finish
line first-that's why it's so closely held by insiders.
There has never been a more promising time in the commodity price cycle to get in on gold and copper, and as Trump continues
to boost gold no matter what he does or how long he lasts, demand seems certain and prices brilliant. Broadway (BRD.V;
BDWYF) gets it.
By Charles Kennedy of Oilprice.com
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