Special Situation Alert - November 24, 2024

Interesting investments to look at today

Author

Oilman Jim
November 24, 2024

Own a stake in Alaska’s oil reserves.

  • Estimated 300 million barrels of recoverable reserves

  • Royalty-based model reducing operational risks

  • Projected 25+ years of reliable, high-margin royalty income

Silver Bullet Mines (SBMI.V SBMCF) announced that it has unexpectedly intercepted a historical mining tunnel, shaft and waste piles, during development of the Super Champ vein structure. The company's field team estimates this zone was mined by unknown persons at least over a century ago. The historical adit is approximately 4 feet wide by 8 feet high and of unknown depth. It and the shaft were both intercepted under 12 feet of overburden as the company exposed the known vein. The discovery of extensive historical mining activities further validates Silver Bullet's thesis for high grade silver and possibly gold production from Super Champ. The field team reported visible silver in the tunnel zone. Material from this zone is close to surface and is expected to be relatively uncomplicated to extract. Results of samples from this newly intercepted zone at the Super Champ mine showed up to 34,000 grams per ton.

FireFox Gold (FFOX.V FFOXF) announced the completion of a successful new exploration trenching campaign that has extended surface high-grade gold mineralization at the East Target, within the company's 100% held Mustajärvi gold project in Lapland, Finland. A new trench at the East Target cut 10.1 metres averaging 13.79 grams per tonne of gold. This result builds on the first trench on the target in 2023 that reported bonanza gold grades of 6.87 metres averaging 59.12 grams per tonne gold. The new trench excavated in October 2024 stepped out approximately 35 metres east-northeast from the 2023 trench. Beneath approximately six metres of glacial overburden, Trench 1-2024 revealed multiple high-grade gold samples in addition to the continuously mineralized 10.1 metre interval, including cross-cutting channel samples of 24.8 grams per tonne, 22.6 grams per tonne, and 17.6 grams per tonne gold and grab samples of 180.5 grams per tonne, 33.4 grams per tonne, and 17.95 grams per tonne gold. A second trench of the October campaign (Trench 2-2024) stepped out 30 metres on the opposite side of the 2023 trench (southwest). While the mineralization encountered in the second trench was lower grade, the channel samples returned a zone of 2.0 metres averaging 2.56 grams per tonne gold, along with several other 1 metre channels containing more than 1.0 grams per tonne gold and one channel cut of 6.34 grams per tonne gold. Per Carl Lofberg, CEO, there aren't many first-tier jurisdictions in the world where +10 grams per tonne gold can still be discovered in trenches within 80 metres of a paved highway.

First Helium (HELI.V FHELF) announced that it is reviewing its drilling inventory for follow up operations to its planned Leduc anomaly drill targeting light oil. The program focuses on opportunities to establish immediate cash flow while setting the stage for accelerated development of oil and helium-enriched natural gas at Worsley, executed alone or with larger partners. De-risking the Leduc and Blue Ridge plays through select operations will help unlock significant potential value through follow up development drilling on the company’s expansive 100% owned land base, per Ed Bereznicki, President & CEO. All drill targets to be tested in the anticipated program have the potential to encounter multiple productive horizons which can include natural gas with associated helium, natural gas liquids and light oil, are located on trend and adjacent to past producing helium-enriched natural gas pools and light oil wells, and can garner premium pricing, with netbacks ranging from 2 - 4 times the netbacks of conventional natural gas, when enriched with helium. The company’s Worsley Property encompasses more than 53,000 acres of 100% owned land along a trend of sizeable, past producing helium enriched natural gas pools. This includes the 15-25 helium discovery well, with an independently evaluated resource of 323 million cubic feet of helium, along with numerous multi-zone targets for helium, oil, natural gas liquids and natural gas. Management estimates that past producing Leduc natural gas pools, located west of its 15-25 discovery, have produced over 1 billion cubic feet of associated helium that was not captured for use.

Man Who Called Nvidia at $1.10 Says Buy This Now...

In 2004, one man called Nvidia before just about anyone knew it existed. Now, he says a new company could become the next to soar like Nvidia. The biggest tech firms are loading up on shares. Nvidia, Apple, Google, AMD, Intel, and Samsung are all invested in this company. It also signed a MAJOR deal with Apple to get its AI tech into the iPhone and iMac. And its tech is also found in products from Samsung and Google.

These are opinions only of the individual author. The contents of this piece do not contain investment advice and the information provided is for educational purposes only and no discussions constitute an offer to sell or the solicitation of an offer to buy any securities of any company. All content is purely subjective and you should do your own due diligence. No representation, warranty or undertaking, express or implied, as to the accuracy, reliability, completeness or reasonableness of the information contained in the piece is made. Any assumptions, opinions and estimates expressed in the piece constitute judgments of the author as of the date thereof and are subject to change without notice. Any projections contained in the information are based on a number of assumptions and there can be no guarantee that any projected outcomes will be achieved. No liability is accepted for any direct, consequential or other loss arising from reliance on the contents of this piece. The author is not acting as your financial, legal, accounting, tax or other adviser or in any fiduciary capacity.

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