Premier Royalty`s Asset Analyses/News(T.BPV/T.PG)

Posted on 11/02/2012 by investor

The following represents a quick overview on the lastest NEWS that are available on producing assets that yield revenue to PREMIER ROYALTY. We have copied most information from the latest fillings from the oprators of the mines. An overview of what have been the latest developments at it`s Exploration or Development Stage Royalty Assets will follow soon.

Premier Royalty (T.BPV) remains significantly undervalued compared to it`s peers.  Sandstorm Gold (V.SSL) for example in comparison to PREMIER ROYALTY:

Attributable production in relation to basic marketcap:

1200million/50.000 ounces attr. prod. = 0,024

95 million / 6000 ounces attr. prod = 0,015

2014e cash flow multiple analyses

1200million/70million Cash-flow = 17,14 -> 2013/2014 cash flow multiple @ 1750$/oz

95milllion / 11million Cash flow 8,63 -> 2013/2014 cash flow multiple @ 1750 Gold

and here read about the latest on the underlying assets of Premier Royalty:

Emigrant Project

Construction is complete and commercial production was achieved on August 30, 2012. Gold Production is expected to be 80.000 90.000 per year at costs applicable to sales of $500 to $600 per ounce for the first five years…
http://www.newmont.com/our-investors/financial-reporting (see q3 2012 report page 45)

Buffelsfontein Gold Mine

Gold production at Buffelsfontein of 9,425oz, rose by 2% (or 198oz). The focus in the next quarter will be on improving mining flexibility and ensuring optimal blending which should translate into better grades.
cash costs down, production up (approx 3%)
http://www.villagemainreef.co.za/news/press-2012/VMR-press-11Oct2012.htm

 

Gualcamayo Gold mine

Gualcamayo produced 38,248 ounces of gold in the third quarter, representing a 2% increase, compared with 37,381 ounces produced in the third quarter of 2011. Higher production was mainly due to higher recoveries, in spite of lower feed grade. The grade for the third quarter was consistent with plan. Increased tonnage of ore mined reflects Gualcamayo’s continuous effort in stacking materials in preparation of transitioning to Phase III of the mine as part of the planned expansion. Recovery rate improved over the second quarter and the comparative quarter in 2011 as a result of the production from the new Valle Norte heap leach pad.
Cash costs were $669 per ounce in the quarter ended September 30, 2012 compared with $442 per ounce in the third quarter of 2011. Inflationary pressures on labour and consumable costs, lower grade and re-handling of waste costs along with increased maintenance to improve availability of equipment resulted in higher cash costs. Gualcamayo is an open pit operation along a mountain face and from time to time waste is removed and stored and then must be moved again once that ore has been accessed. This movement, or re-handling, of waste will cause costs to increase from time to time. This re-handling is also expected to have an impact on fourth quarter cost levels. The Company is evaluating how to reduce the re-handling of waste and has initiated a maintenance program in an effort to better contain costs. This is in addition to increased production through existing facilities, mainly from QDD Lower West, should reduce costs on a per ounce basis.
Underground development of QDD Lower West continues to advance and project completion remains on schedule. Full ramp-up of Gualcamayo’s expansions to be completed by mid-2013 are expected to increase sustainable production to over 200,000 gold ounces per year beginning in 2014.
A scoping study on the evaluation of milling higher grade ore at Gualcamayo, subject to mineral resource increases in 2012 and 2013, has commenced and is expected to be completed in the first half of 2013.
http://www.marketwire.com/press-release/yamana-gold-announces-results-for-the-third-quarter-2012-tsx-yri-1719052.htm

Mine Waste Solution Project


Mine Waste Solutions (“MWS”) generated US$26.7 million (Q1 2012: US$26.6 million; Q4 2012: US$33.9 million) in proceeds from 20,295 ounces of gold sold (Q1 2012: 21,546 ounces; Q4 2012: 24,862 ounces) at a Cash Cost** (refer to note at end) of US$847 per ounce (Q1 2012: US$663 per ounce; Q4 2012: US$790 per ounce). Page 4
Even though MWS’s tonnage throughput for Q1 2013 was 7% lower compared to Q1 2012 with a resultant 6% drop in gold ounces sold, gold revenues improved slightly (1%) quarter-on-quarter due to on-average higher gold selling prices.
Since Q3 2012, MWS has experienced some challenges with the introduction of new material into the mining mix which resulted in lower average grade delivered to its gold circuits. Towards the end of Q4 2012, MWS’s performance was further impacted negatively by recalcitrant clay levels at the Buffelsfontein No.3 tailings dam that reduced volumes and hence content of feed material delivered to and extracted by the plant infrastructure. Consequently, the tonnage throughput (9%) and gold recoveries (13%) for Q1 2013 were lower compared to that of Q4 2012, resulting in a reduction of 18% in gold ounces sold. The lower ounces sold combined with on-average gold selling prices in Q1 2013 compared to Q4 2012 resulted in the 21% decrease in gold revenues from MWS.
The 20% increase in costs in Q1 2013 compared to Q1 2012 was due to a number of factors, including additional power costs of operating the new TSF, additional water costs and substantial increases to the cost of certain key reagents. The 13% increase in costs compared to Q4 2012 was driven by labour increases which was effective from the start of the quarter along with higher power costs due to tariff increases and winter rates taking effect during Q1 2013.
Due to the Corporation’s decision to dispose of its principal assets at the start of Q4 2012, no amortization for the MWS assets was provided for on a consolidated basis since the start of the 2012 calendar year.
The 7% higher gross profit in Q1 2013 compared to Q1 2012 was primarily attributable to the fact that no amortization was provided for in Q1 2013. The 33% lower gross profit compared to Q4 2012 was attributable to the lower revenues along with higher costs in Q1 2013 as discussed above.
http://www.anglogold.co.za/Additional/Press/2012/2012_03_02_+MWS.htm
http://www.firsturanium.com/sjfu/view/sjfu/en/page131

 

Thunder Creek Deposit of the Timmins West Mine


We advanced lower-grade areas of the Timmins West Mine, mainly at Thunder Creek, as a result of taking additional time to increase the drill density in certain high-grade areas of the UM Complexat the Timmins Deposit. These are important areas and we are doing the work required to maximize production and minimize dilution when these blocks are mined. Looking ahead, we continue to make good progress with our drilling and development programs at Timmins West Mine and our mill expansion, which will position us to achieve our 2012 production guidance as well as strong production growth in 2013.”
http://www.lsgold.com/Investor-Centre/Press-Releases/Press-Release-Details/2012/Lake-Shore-Gold-Reports-Third-Quarter-2012-Production-of-20939-Ounces-of-Gold-Company-Remains-on-Track-to-Achieve-2012-Produc/default.aspx

 

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DISCLAIMER:

Legal Notice / Disclaimer
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. Martin Hoff has based this document on information obtained from sources he believes to be reliable but which has not been independently verified; Martin Hoff makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Martin Hoff only and are subject to change without notice. Martin Hoff 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, I, Martin Hoff, 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.

Posted in Companies Reviewed, Royalty Companies | Leave a comment

Monthly Review: Portfolio up 29% after 3 month

Posted on 11/02/2012 by investor

 

 

Dear Readers and fellow Investors,

it has been a very successfull and eventfull first three month since we started mineninvestor.com. While many Juniors and Developers still suffer under total abstance of any investor Interest our portfolio was able to generate Inevstors a substancial profit in a short period of time. Our Investmenthesis of focusing on Royalty Stocks as well as high profile, low operating cost cost producers and developers have been proven to be right so far.

currently we would suggest Investors to use the recent consolidation in BRIDGEPORT VENTURES (T.BPV) soon to be PREMIER ROYALTY. It trades at a significant discount to comparble Gold Royalty companies and when you buy before the deal closes you will also be entitled for additional warrants. We encourage you to have a look at their NEW PowerPoint-Presentation.

http://www.bridgeportventures.net/docs/merger/2012-08-20_Premier_Royalty_Corporation.pdf

We would also suggest to maybe take moderate profits on T.DNA as it has moved up signifcantly and might be set for a little consolidation before moving higher.

All other remain a hold in our opinion.

—————–

DISCLAIMER:

Legal Notice / Disclaimer
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. Martin Hoff has based this document on information obtained from sources he believes to be reliable but which has not been independently verified; Martin Hoff makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Martin Hoff only and are subject to change without notice. Martin Hoff 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, I, Martin Hoff, 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.

POSITION PERFORMANCE

Name

Symbol

Last

YTD

Gain Since Added
Alamos Gold Inc.

T.AGI

 19.80

14.04%

24.14%
Bridgeport Ventu…

T.BPV.WT

 0.300

100.00%

20.0 %
Bridgeport Ventu…

T.BPV

 0.51

70.00%

29.114%
Dalradian Resour…

T.DNA

 1.69

-11.05%

87.778%
Inter-Citic Mine…

T.ICI

 2.010

107.22%

47.794%
Lydian Internati…

T.LYD

 2.3

-0.43%

0.00%
Northquest Ltd.

V.NQ

 0.72

92.00%

5.882 %
Royal Gold, Inc.

T.RGL

 87.90

29.82%

14.772 %
Posted in News and Updates | 1 Comment

Gold Royalty Stocks – Overview&Comparison Part I

Posted on 09/25/2012 by investor

Last week we presented on stockhouse.com a possible Gold Royalty Stock Portfolio.
In the first Part of a series of articles to be published focusing soly on the Royalty space we present a comparison of Canadian listed Gold Royalty Companies with more than 5 Projects in production

T.FNV – Franco Nevada http://www.franco-nevada.com/

Marketcap Basic: 8200million Marketcap FD: 9018million

Assets:
Producing: 43
Development: 26
Exploration: 139

Revenue (q2 2012) 100million
2013e: 430-460 @1700$/oz

Royalty revenue multiple: 19
Gold ounces of underlying assets approx 290million

T.RGL – Royal Gold http://www.royalgold.com/

Marketcap Basic: 5600million Marketcap FD: 6000million

Assets:
Producing: 39
Development: 26
Exploration: 126

Revenue (q2 2012) 61million
2013e: 250-270million @1700$/oz

Royalty revenue multiple: 22
Net equivalent OZ Reserve: 7-8 million

V.SSL – Sandstorm Gold http://www.sandstormgold.com/

Marketcap Basic: 1050million Marketcap FD: 1220million

Assets:
Producing: 5
Development: 5
Exploration: 1

Revenue (q2 2012) 15 million
2013e: 55-60 million @1700$/oz
(the difference between Revenue and free cash flow is higher than for BPV/FNV/RGL because there are ongoing payment for the streams)

Royalty revenue multiple: 21
Attributable production ounces 2013e approx 42.000

T.BPV – Bridgeport Ventures (soon to be Premier Royalty, all on a post transaction bases) http://www.bridgeportventures.net/

Marketcap Basic: 118 million Marketcap FD: 155

Assets:
Producing: 5
Development: 1
Exploration: 9
(+ the option to generate internally additional ones on any transaction T:PG might make on it`s assets)

Revenue (q2 2012): 8-9 million (information from previous Royalty owners)
2013e: 10-12 million @1700$/oz

Royalty revenue multiple: 11,5
Attributable production ounces 2013e approx 6000 ounces

(to read more on Premier Royalty you may continue reading here: http://mineninvestor.com/?p=107)

DISCLAIMER:

Legal Notice / Disclaimer
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. Martin Hoff has based this document on information obtained from sources he believes to be reliable but which has not been independently verified; Martin Hoff makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Martin Hoff only and are subject to change without notice. Martin Hoff 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, I, Martin Hoff, 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.

Posted in Royalty Companies | Leave a comment

Monthly Review: Portfolio up 27% in only 2 month

Posted on 09/23/2012 by investor

 

since we started mineninvestor.com. As Gold shines again so does our portfolio. Our frist Article on Premier Royalty was postet on 7/27/2012.

Name

Symbol

Last

YTD

Gain Since Added
Alamos Gold Inc.  

T.AGI

19.500

8.70%

22.257 %
Bridgeport Ventu…  

T.BPV.WT

0.300

100.00%

20.0 %
Bridgeport Ventu…  

T.BPV

0.660

106.67%

67.089 %
Dalradian Resour…  

T.DNA

1.170

-39.47%

30.0 %
Inter-Citic Mine…  

T.ICI

1.930

100.00%

41.912 %
Lydian Internati…  

T.LYD

2.220

2.60%

-3.478 %
Northquest Ltd.  

V.NQ

0.800

76.00%

17.647 %
Royal Gold, Inc.  

T.RGL

95.190

35.42%

24.236 %
Posted in News and Updates | Leave a comment

T.LYD Update: Robust Feasibility Study

Posted on 09/06/2012 by Olaf

Yesterday Lydian International, which we recommended (and up 12% since added) released its feasbility study.

The results of this FS have proven our point made in the article Heavy Cost Inflation For Major Gold Miners & What It Means For Investors to be 100% correct.

Lydian also sees a quite heavy increase in intial capital costs up to 270 million from 170 million in the PEA, but the project still remains very economically viable.

The NPV (5%disc.) using a gold price of 1500US$/oz Gold is more than 1 bln and the cash costs are well below 500$/oz.

In the light of this very solid FS we think that Lydian International is a likely takeover target in the near future. After the predicted Inter-Citic takeover – which already happend last week – this would be the second one out of the four developers we reviewed.

http://www.marketwire.com/press-release/lydian-international-announces-robust-feasibility-study-its-low-cost-amulsar-gold-project-tsx-lyd-1697905.htm

Posted in News and Updates | Tagged , | Leave a comment

Back from holidays – Portfolio up 17% / Inter-citic receives takeover offer / V.NQ added!

Posted on 09/06/2012 by Martin

Stocks Discussed: V.NQ T.BPV/T.BPV.WT – T.LYD – T.ICI -T.AGI – T. RGL – T.DNA

Dear Readers,

it has been a bit quiet on mineninvestor.com during the past 2 weeks due to vacation season.

Now we are back and will keep you updated on any developments taking place on our top picks, the overall market and interesting trading opportunities.

While gold moved significantly higher above 1700$/oz, our overall portfolio performance  has not  changed much, the six week performance is still about 17%.

Today we will add  Northquest Ltd. (V.NQ) to our long term portfolio, because of its great initial drill results.  Northquest just released 164 meters @ 5.4g/T Gold. This is the first ever modern exploration campain on their  Pistol Bay Gold Project, Nunavut, Canada.

This is not only a very impressive first drill hole, but as well an early indication that the trend could hold similar potential as Agnico-Eagles giantic MEADOWBANK deposit, which is close by. With a marketcap of only 11million CAD$ this presents a potantial high return opportunity. We only occasionally discuss pure exploration plays, but in this case the geology, the initial drill result and the blue-sky potential of finding a Meadowbank 2.0 makes us believe it is worth a closer look.

Read todays V.NQ NR here:

Northquest Ltd. intersects 164 metres grading 5.39 grams gold per tonne in drill hole PB-12-09 at the Vickers Target, Pistol Bay Gold Project, Nunavut, Canada http://www.newswire.ca/en/story/1031215/northquest-ltd-intersects-164-metres-grading-5-39-grams-gold-per-tonne-in-drill-hole-pb-12-09-at-the-vickers-target-pistol-bay-gold-project-nunavut-ca

Quick Review on all other TSX(V) stocks covered:

(you can find the original article here http://mineninvestor.com/?p=123)

  • T.LYD (Lydian International Limited)  published a feasbility study on their oxide Gold Amulsar Deposit in Armenia yesterday. The Stock is up 12% since we added it.
  • T.DNA (Dalradian Resources Inc.) gave back all it`s gains, after releasing a solid PEA on their Goldproject in Ireland, we continue to believe it offers good upside and will hold the position.
  • T.RGL (Royal Gold Inc.) continues to outperform the overall market and still is a solid major gold royatly play. Up 15% since added.

  • T.AGI (Alamos Gold Inc.) one of the lowest cash cost producer in the Gold sector appreciated the  recent spike in Gold nicely as well and is up 17% since added.

  • T.BPV (Bridgeport Ventures) (soon to be PREMIER ROYALTY) is pretty much unchanged, but chances to buy the commens below 0.5Can$ (pre consolidation) should be considered a great opportunity. And it`s warrants T.BPV.WT still trade at a significant discount. T.BPV is up 30% since added.

—> COMING SOON: Exclusive and Extensive Interview with:

Patrick F. N. Anderson CEO of Dalradian Resources Inc. and previous CEO of Aurelian Resources Inc.

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DISCLAIMER:

Legal Notice / Disclaimer
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. Martin Hoff has based this document on information obtained from sources he believes to be reliable but which has not been independently verified; Martin Hoff makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Martin Hoff only and are subject to change without notice. Martin Hoff 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, I, Martin Hoff, 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.

Posted in Companies Reviewed, News and Updates | Tagged , , , , , | Leave a comment

Gold Chart

Posted on 08/21/2012 by Olaf

Gold broke out of its triangle pattern at around 50% to the upside, as we expected (quite a textbook setup for any pattern trader). It broke the 38.2% fibo of the bear run (yellow) at the same time with good momentum, touching $1641 – where  200 DMA (red) stopped the breakout.

What can we expect during the next weeks?

I see two possibilities.

1. The bulls take over pushing it higher until latest end of August to $1660-1690 area, where we can expect another consolidation.

2. Bears re-test the trendline to the level of $1620 or even $1600  until early September, to get ready for another bull run.

 

 

Posted in News and Updates | 1 Comment

UPDATE: Premier Royalty Inc. (T.BPV/T.PG) – Upside & Warrants

Posted on 08/21/2012 by Martin

STOCKS DISCUSSED:   T.BPV.WT

T.BPV/T.PG (V.SSL/T.RGL/T.FNV)

this is a follow up on: http://mineninvestor.com/?p=107

We looked a little closer to the underlying assets of Premier Royalty’s Interests and what we found makes us believe the recent YTD jump of 85% is only the very beginning of long lasting run for a much higher market cap. By 2015 the attributable production of it’s 6 cash-flowing Royalties should increase 40-50%. At least one of the currently non-producing assets should be in production and the recently granted right to acquire a royalty on any transaction that Premier Goldmines might make on it’s assets is likely to internally generate one or two additional Royalties by then. Currently Premier Royalty (on a pro forma basis given current market cap of T.BPV) trades at a 13-14 times 2013e Royalty Revenue multiple. That compares very favorably to it’s peers such as Sandstorm Metals (V.SSL) Franco Nevada (T.FNV), Royal Gold (T.RGL). Other Royalty companies such as for example Callinan (T.CAA) or Euro Resources (Euronext) can not be compared to Premier, as they are single asset companies.

You should also keep in mind , that Premier Royalty receives more than 90% of it’s royalty income from pure gold projects, that is the highest rate in the whole sector.

If we understand the SEDAR fillings made by T.PG and T.BPV correctly the future share structure of Premier Royalties should look this:

47,6 million basic

4.77 million new BPV warrants

1.65 million old BPV warrants

3.05 million on closing of PP from T.PG

4.73 million warrants to purchase post-consolidation Bridgeport Shares will be issued to certain vendors

Total: 14.2million warrants @2$

A very wise move by BPV’s management is the termination of all old options and from an investors point of view it is very prudent that the Management has not issued themselves any new options yet.

BPV also has approximately 22 million warrants outstanding at an Pre-Cons. Exercise price of 1.4-1,5$. This would mean a price of 5,6-6$ per share Post-Cons. before December 2012. As it is very unlikely that the share price goes that high till Dec 20th 2012, they will most likely expire un-exercised.

One strength of the NewCo Premier Royalty we haven’t discussed yet is their ability to soon acquire additional royalties. Pro forma cash balance should read like this:

Cash: approx.. 12 million

Proceeds from 14.2 million warrants @2$: approx. 28 million (all are in the money)

Cash proceeds from sale of old BPV exploration interests: 5-10million (own estimate)

With 45-50million in cash and CashEq’s to be received that should be well enough for 2-4 other high quality royalty acquisitions during the next 12-24 month – without any further dilution. One should also not forget that Premier Royalty already receives quarterly Royalty payments of approx. 1,7 to 2 million.

Bottom line: By mid 2014 Premier Royalty might have 10+ producing, cash flowing Royalties and if gold goes back above 1900$ there is even more tremendous blue sky potential. As we already stated, we would not `t be surprised if Premier Royalty would surpass it`s parent company T.PG in market cap 2 or 3 years down the road. We are in regular contact with the management and they are sure not sitting around. They are eager to grow! Also consider the Diversification effect. If someone has done extremely well with Sandstorm, Royalty Gold or Franco Nevada and wants to diversify his Royalty Portfolio, there is not much choice on the market, that alone might give Premier Royalty a high premium.

THE WARRANT CASE:

There are 6.6million old BPV warrants outstanding, very obvious is the fact that the recents up move in T.BPV commons has not been fully priced into the warrants yet.

see here:

http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=T.BPV.WT

vs. commons:

http://www.stockhouse.com/FinancialTools/sn_overview.aspx?qm_symbol=T.BPV&table=LIST

those warrants will also be consodilated on a 1:4 basis. post consolidation that means each warrant trades at 1$ with a 2$ exercise price. expiry is October 2014.

We blieve that if you consider PREMIER ROYALTY a potential long term investment rather than a trading postion BPV`s warrants are the best leverage on Premier Royalty (the NEWCO) possible.

Here is why:

in the past 24 month:

Barrick Gold (T.ABX) is down from 50$ to 36$

Newmont Mining (T.NEM) is down from 64$ to 48$

Kinross (T.K) is down from 18$ to 8$

BUT:

Sandstrom Metals (V.SSL) is up from 3.5$ to 10$

Royal Gold (T.RGL) is up from 50$ to 80$

Franco Nevada (T.FNV) is up from 33$ to 49$

Gold Royalty/Streaming Stocks were able to generate an avarage 130% return on investment in the past 2 years, despite a very diffcult time for the overall miners market.

If you think, Premier Royalty could do only half as good as Sandstorm Gold did the past 2 years, then you should have a look at T.BPV.WT.

If the Shareprice of Premier Royalty reaches 5$ (a 130% return over 2 years, from todays implied 2.2$ Premier Royalty shareprice, T.BPV being @ 0.55 pre 4 to 1 consolidation) the 2014 warrants offer great upside:

For a 10k investment you could buy

4500 common shares @2.2$ (implied post consolidation price)

or 10.000 warrants with an 2$ exercise price

With the commons you would receive 12600$ profit on your initial investment.

With the warrants you could cash in 10.000*(5$-3$ price of warrant+ cost to exercise)= 20.000

If Premier Royalty would reach 10$ before Oct. 2014, which we think is not impossible, as 10$ per share would mean a marketcap of 475-600 million, the warrants you net in 70k$ on your 10k investement vs. 35k$ with the commons.

CONCLUSION:

If you believe Premier Royalty offers great upside, similar to Sandstorm Metals success, then the warrants provide you with great leverage on limited risk. Under 0.40$ pre consolidated price,we think it might be worth consideration. http://canadianwarrants.com/values/current.htm lists them with a fair value of 0.36$.

We have added T.BPV.WT to our public long term portfolio, which is up 17% in only one month (annualized return of 600+%) http://mineninvestor.com/?p=216

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DISCLAIMER:

Legal Notice / Disclaimer
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. Martin Hoff has based this document on information obtained from sources he believes to be reliable but which has not been independently verified; Martin Hoff makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Martin Hoff only and are subject to change without notice. Martin Hoff 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, I, Martin Hoff, 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.

Posted in News and Updates, Royalty Companies | Tagged , , , , , , , , , , , , , | 1 Comment

MinenInvestor Portfolio up 17% in first month

Posted on 08/20/2012 by Martin

Our Portfolio continues to significantly outperform Gold and the Market since we started the website last month. Now up 17%! Gold is basically little changed during the same period.

Name

Symbol

Last

YTD

Gain Since Added
Alamos Gold Inc.  

T.AGI

17.980

0.97%

12.727 %
Bridgeport Ventu…  

T.BPV

0.540

86.67%

36.709 %
Dalradian Resour…  

T.DNA

1.200

-36.84%

33.333 %
Inter-Citic Mine…  

T.ICI

1.570

69.07%

15.441 %
Lydian Internati…  

T.LYD

2.340

0.43%

1.739 %
Royal Gold, Inc.  

T.RGL

77.350

13.86%

0.953 %

 

 

Posted in News and Updates | Tagged , , , , , | 1 Comment

PREMIER ROYALTY – UPDATE! – Definitive Agreement

Posted on 08/08/2012 by Martin

We have outlined here: http://mineninvestor.com/?p=107 why we think Premier Royalty might be set to repeat the success of Royal Gold (T.RGL). Today T.BPV and T.PG announced that they have signed a definitive agreement, thus Bridgeport and Premier Gold will create a new diversified Gold Royalty Company.

Premier Gold Mines and Bridgeport Ventures Sign Definitive Agreement to Merge Bridgeport Ventures With Premier Royalty Corporation

http://www.marketwire.com/press-release/premier-gold-mines-bridgeport-ventures-sign-definitive-agreement-merge-bridgeport-ventures-tsx-bpv-1688512.htm

KEY POINTS (in addition to what was already known before):

All existing Bridgeport options will be terminated on or prior to the 90th day following the closing of the Business Combination. The terms of the existing warrants of Bridgeport will be adjusted to reflect the consolidation of Bridgeport Shares and distribution of Bridgeport Warrants.

-> lower than originally supposed FD shares

In connection with the Business Combination, it is anticipated that the resulting issuer (“New Bridgeport”) will change its name to “Premier Royalty Inc.”. All existing directors and management of Bridgeport will resign, other than Hugh Snyder and Shastri Ramnath who will continue as directors of New Bridgeport. Premier Gold shall have the right to nominate 6 of the 8 directors of New Bridgeport and the new management team shall be set by Premier Gold.

-> the name is definitive now, immediately exposing it to the investors community as a Royalty company

Premier Gold has granted a right of first refusal in favour of New Bridgeport to purchase any royalties on Premier Gold’s properties that Premier Gold may seek to sell at fair market value (such fair market value being equal to net asset value less 5%) for a period of two years following completion of the Business Combination.

-> Premier Gold (600+million maketcap) will give Premier Royalty the opportunity to add additional high quality royalties on their own portfolio

Pursuant to the Business Combination outlined above and assuming that Premier Gold does not exercise its one time right to convert its bridge loan into units of New Bridgeport, on a post-consolidation basis there would 47.6 million common shares outstanding in New Bridgeport (on a non-diluted basis), of which approximately 39.8% would be owned by Premier Gold and 26.5% would be owned by current Bridgeport shareholders.

-> Tight share structure, not a penny stock, very attractive to institutional investors.

CONCLUSION:

As Premier Gold has not stated yet, that they would distribute their shares in the NEWCO, the savest way to buy early and cheap into PREMIER ROYALTY INC is to aquire T.BPV shares. based upon the deal, the fair value of old BPV shares is: 0,48Can$ (0,35basic + 0,375 warrents)

But it could be much higher, as we expect the NEWCO to reach a much higher marketcap in days after in`s IPO as Premier Royalty. Currently the anticipted marketcap is around 67million, which of course is a huge discount to similar Gold Royalty Companies like Royal Gold, Franco Nevda or Sandstorm Metals.

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