LONDON, March 9, 2017 /PRNewswire/ --
OilPrice.com Market Commentary: 'Trumphoria' is over-at least as far as the stock market rally is concerned. But this is
exactly the point at which gold becomes exceptional, and one little-known explorer is spectacularly poised to cash in on the
biggest spring rally gold has seen in a century. Mining companies forging ahead 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).
With demand for gold and gold stocks poised for a massive surge beginning in mid-March, small-cap Broadway
Mining Ltd ( BR D.V
; BDWYF ) is one of the best
'All-American' picks of the coming weeks and months, as it unlocks the riches of Montana's
underexploited metals bonanza.
The timing is critical: Early March is the traditional seasonal lull in gold, right before the spring rally. But this year,
it's an entirely different ball game. Amid the 'Trumphoria' stock market surge we saw a radical shrugging off of gold while
everyone was paying attention to fantastically over-valued stock markets. Now that rally has ended, we're staring down a massive
gold-buying spree that should take off in mid-March.
With 2017 dubbed the year in which we 'Make America Great Again', there's nothing better than All-American Gold, and there's
no place better than Montana-the world's hottest mining belt right now--for Gold Rush II to
unfold.
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 Mining Ltd ( BRD.V ; BDWYF ) is eyeing as some of the most lucratively
underexplored and underexploited gold territory in the world.
Smart Move on Pure American Gold (and Copper)
Broadway Mining has been one of the first to grasp the significance
of today's gold market for investors by making a smart move on pure American gold.
Montana is fast becoming the hottest mining venue in the world, and the competition is
fierce-so much so that there is a growing concern that China may gain too much of a foothold
here and threaten national security.
Sibanye, which is 20% 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.
Broadway Mining Ltd (BRD.V; BDWYF) owns a 100% 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 has 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.
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 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 stellar management track records: They already drilled eight holes and
lab results from the first three will come out possibly within a
week.
Getting There First: New All-American Gold
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.
The company is also cashed-up and ready to go.
Though it's a brand new listing, 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 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.
They've gotten this far because of stellar management with a very forward-thinking vision, which is exactly what makes a
small-cap today.
Broadway has a dream team that's nothing short of legendary in the oil & 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 out of the
gate, 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 overhead. 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.
Making Gold Great Again
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
Mining Ltd ( BRD.V
; BDWYF ) gets it.
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.
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.
Gold stocks are loving this atmosphere. The world's hottest mining belt right now is the U.S. state of Montana. With gold futures up 10% and spot prices up almost 7.5% in the first quarter, history is preparing
to repeat itself with another gold rush.
By mid-February this year, the market's largest gold stocks saw double-digit gains. Freeport-McMoRan (NYSE:FCX), up 21%
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% 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% in January.
And by mid-March, they're going to be loving it even more as the Spring buying rally gets off the ground like never before.
By. James Burgess of Oilprice.com
Legal Disclaimer/Disclosure from OilPrice.com: This piece is an advertorial and has been paid for.
This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for
any investment. No information in this Report should be construed as individualized investment advice. A licensed financial
advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept
no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Oilprice.com only and are
subject to change without notice. Oilprice.com assumes no warranty, liability or guarantee for the current relevance, correctness
or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon
any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or
damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided
within this Report.
DISCLAIMER: OilPrice.com is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news
dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT
affiliated in any manner with OilPrice.com or any company mentioned herein. The commentary, views and opinions expressed in this
release by OilPrice.com are solely those of OilPrice.com and are not shared by and do not reflect in any manner the views or
opinions of FNM. The companies that are discussed herein may or may not have approved the statements made in this release. FNM is
not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination
and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses
and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to
disseminate this press release.
FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future
expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned",
"will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially
from those projected in the forward-looking statements, including the risks that actual results may differ materially from those
projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual
report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should
consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such
statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to
update such statements.
Contact Information:
Media Contact e-mail: editor@financialnewsmedia.com
U.S. Phone: +1(954)345-0611
SOURCE OilPrice.com