BullMarketRun.ca

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,286 and $1,297 so far today as it continues to search for a catalyst to break out to $1,300 and beyond…as of 7:00 am Pacific, bullion is up $3 an ounce at $1,292 ahead of a no-confidence vote in the British Parliament following yesterday’s defeat of Prime Minister Theresa May’s Brexit deal…Silver is steady at $15.56…key breakout point is $15.75…Copper is up slightly at $2.68…Nickel is off 3 cents at $5.24 while Zinc is 2 cents higher at $1.13…Crude Oil has retreated slightly to $52.02…U.S. Crude output is expected to climb to a new record of more than 12 million barrels per day this year, the Energy Information Administration reiterated yesterday, adding that the U.S. will become a net Crude exporter by late 2020…the U.S. Dollar Index is relatively unchanged at 96.01…in economic data, builder sentiment rose modestly in January on a monthly index from the National Association of Home Builders…this came after 2 months of sharp drops in sentiment to the lowest level in more than 2 years…U.S. retail sales were supposed to be released today but the partial U.S. government shutdown has nixed that…

2. China’s central bank today pumped a net 560 billion yuan ($83 billion) into its banking system – a record amount of money injected in 1 day –  in a sign that officials there are determined to prop up a slowing economy…the yield on the 10-year Chinese government bond fell below 3.1%, its lowest in more than 2 years…“At present, it is the peak of the tax period, and the total liquidity of the banking system is declining rather quickly,” the People’s Bank of China said in a statement on its web site…liquidity, or the ease by which assets can be turned into cash, is particularly important for companies needing to pay taxes while maintaining regular operations…for more than a year, many Chinese businesses have already been struggling with sluggish economic growth, increased financing difficulties and greater obligations to provide benefits for employees…the Chinese New Year holiday, when most companies shut down for at least a week, is also less than 3 weeks away…according to financial database Wind, the previous single-day record for cash injections into the Chinese banking system came in January 2016 when the country’s economy was also experiencing difficulties…if you recall, that was an historically astute time to be investing in commodities…China will take whatever extraordinary measures it has to in order to kick-start its economy…

3. A solid majority of Canadians are calling the lack of new Oil pipeline capacity in the country a “crisis”, according to Angus Reid…the institute surveyed 4,024 Canadian adults between December 21 and January 3 and found that 58% affirmed that the lack of new Oil pipeline capacity constitutes a crisis, while 42% says it does not…responses varied widely across the provinces, with a high of 87% of Albertans polled calling it a crisis while, at the low end, only 40% of Quebecers had a similar sentiment…that’s ignorance, really, on the part of many Quebecers who are obviously unaware of the contribution Alberta’s Oil industry has made to the tens of billions of dollars their province has siphoned from the federal government in “equalization payments” (welfare) over the years (more than $13 billion will be paid to Quebec in 2019, far exceeding payments to any other province)…meanwhile, in another example of Quebec’s glaring hypocrisy, new Premier Francois Legault recently stated how there was no “social acceptability” in his province for a “dirty energy” pipeline in Alberta…yes, Alberta Oil is “dirty energy” according to the misinformed Legault, but his province has eagerly grabbed the money from that “dirty energy” to fund its expensive social programs and infrastructure projects at the same time as it imports Oil from Saudi Arabia – the ultimate in hypocrisy…Oil from Alberta is “dirty” (of course that was also Obama’s lie for 8 years) but Oil from Saudi Arabia is perfectly okay?…furthermore, even though Quebecers are viewed across the country as “environmentally conscious”, they are (per capita) some of the highest consumers of energy on the entire planet according to a report prepared by researchers at Universite de Montreal’s business school…

4. B2Gold (BTO, TSX) has reported its 10th straight year of record annual production – 953,504 ounces of Gold for 2018 is near the top end of revised guidance…this also led to a dramatic 92% increase to $1.2 billion (U.S.) in consolidated Gold revenue…B2Gold will release its full 2018 year-end financials on March 12 and says it expects to be at the lower end of its cost guidance ranges for consolidated cash operating costs of between $505 and $550 per ounce and consolidated AISC of between $780 and $830 per ounce…the company also says it has reduced its total debt outstanding to approximately $480 million from $700 million at the beginning of 2018…B2Gold expects to produce up to 975,000 ounces of Gold in 2019 but it’s also forecasting a 6% increase in AISC over 2018 guidance…meanwhile, an exploration budget of approximately $43 million for 2019 will focus mainly on West Africa and around its existing mines…B2Gold now has 5 operating Gold mines and numerous exploration and development projects in various countries including Nicaragua, the Philippines, Namibia, Mali, Burkina Faso, Colombia and Finland…

5. Atlantic Gold’s (AGB, TSX) Moose River consolidated Gold mine (MRC) in Nova Scotia produced 90,531 ounces of Gold in its first year of operations in 2018, slightly exceeding guidance as the company reported this morning…Atlantic Gold is forecasting 2019 production in a range between 92,000 and 98,000 ounces at impressive all-in-sustaining costs between $695 and $755 CDN ($521 too $566 U.S.), though the company has planned for a lower production rate in Q1 at higher than average cash costs and AISC due to a range of factors including a mill liner change…meanwhile, AGB continues to compile assay results from its drilling programs completed in late 2018 at Touquoy, Fifteen Mile Stream, Cochrane Hill and the 149 deposit…based on exploration success at the different projects to date, Atlantic plans on continuing its exploration activities throughout 2019…updated resource and reserve estimates plus the combined life-of-mine plan (LOM) are scheduled for release late this quarter…

6. The Dow is up 138 points through the first 30 minutes of trading…Goldman Sachs posted blowout quarterly earnings, sending the stock up strongly…Bank of America also jumped after reporting a record quarterly profit…Morgan Stanley, another major bank, is scheduled to report tomorrow…in Toronto, the TSX is up 53 points with Aurora Cannabis (ACB, TSX) the volume leader in early trading as the stock continues to push higher following a technical breakout and news…the Venture has lost a point to 597…investors are itching for some exciting news on the exploration front ahead of some key conferences in Vancouver, and there are certainly several plays that could provide that…Great Bear Resources (GBR, TSX-V) is one of them, and the stock was halted pre-market pending news…

7. RNC Minerals (RNX, TSX) has closed its previously announced bought deal and concurrent private placement financing, raising total gross proceeds of $9 million at 46 cents per share…6.5 million shares of the PP were taken by Eric Sprott who now owns or controls 47.7 million shares or approximately 10.2% of the company…RNC has a 100% interest in the producing Beta Hunt Gold mine in Western Australia where a significant high grade discovery – the “Father’s Day Vein” – was made last fall…the company has initiated a 40,000-m drill program on near-mine exploration targets focused on the Father’s Day Vein area, results of which will be incorporated into an updated NI-43-101 resource estimate targeted for the 2nd quarter of this year…Beta Hunt Gold resource potential is underpinned by multiple Gold shears with Gold intersections across a 4-km strike length open in multiple directions adjacent to an existing 5 km ramp network…technically, RNX has gone through a healthy consolidation and now appears to be gearing up for a move out of its current strong support zone in the mid-to-upper-40’s…

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

Check back later today for the latest Daniel’s Den and visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,287 and $1,295 so far today, near recent 6-month highs as investors await a parliamentary vote on Britain’s plan to exit the European Union….as of 7:00 am Pacific, bullion is up $3 an ounce at $1,294…inflation in the U.S. remains well under control, adding to pressure on the U.S. dollar…the Labor Department reported this morning that its Producer Price Index (PPI) fell 0.2% in December, more than expected, following a 0.1% rise in November…for the year, producer prices increased 2.5%, the same rise seen in 2017…Silver is up 4 cents at $15.65…key breakout point is $15.75…Copper has added 2 pennies to $2.68…Nickel continues its climb, adding 5 cents to $5.22, while Zinc is off a penny at $1.12…Cobalt is steady at $19.05…Crude Oil has jumped $1.28 a barrel to $51.79 on talk of additional fiscal stimulus measures in China and hints of a potential slowdown in U.S. production growth…the U.S. Dollar Index has retreated more than one-tenth of a point to 95.72…the dollar downtrend in Q1 has legs with a now-declining 50-day moving average (SMA) which will also cap any rallies…Asian stocks recovered today after Beijing signalled more supportive measures to stabilize a slowing economy, and emphasised that China is seeking a strong start to 2019 in the 1st quarter…

2. Massive fraud in the Congo – should we be surprised?...the Financial Times reported this morning that Martin Fayulu, the former ExxonMobil executive considered threatening to the interests of Joseph Kabila, was the clear winner of the country’s Presidential elections last month based on an analysis of 2 separate collections of voting data…this contradicts the claims from authorities that rival contender Felix Tshisekedi had won the historic vote…“The analysis points to huge fraud in the first change of power since Joseph Kabila took over the Presidency in the mineral-rich Central African nation nearly 18 years ago,” the FT report stated…an FT analysis of a separate set of voting results collected manually by the Catholic Church’s 40,000 observers and representing 43% of turnout shows that Fayulu secured 62.8% of this sample of votes…the results gathered across 28,733 polling points match almost perfectly the more extensive set of official results seen by the FT…the larger set of data, a spreadsheet containing more than 49,000 records, contains the true electronically-fed results that authorities have sought to conceal, according to a person with direct knowledge of how the data were obtained…

3. Wow – this is a breath of fresh air for the bloated, over-regulated and over-taxed Canada that lefties admire so much: The country’s largest capital markets watchdog kicked off a broad consultation yesterday aimed at reducing costly and outdated rules and lightening the regulatory burden on companies…long overdue, and it’s coming from Doug Ford’s Ontario…the aim is “to identify new actions we can take to save time and money for Ontario businesses by eliminating rules and requirements that are outdated or unduly burdensome,” stated Maureen Jensen, chair of the Ontario Securities Commission…“Our markets and businesses are better able to compete, innovate and flourish when we lighten the regulatory load, while maintaining strong protections for Ontario investors,” she added…if this trend can catch fire throughout the rest of Canada, the country will be a much better place to invest in…a huge competitiveness gap now exists between Canada and the U.S. thanks to far left federal and provincial governments that purport to be “compassionate” and “inclusive” – there’s nothing compassionate or inclusive about killing jobs and investment and saddling Canadians with ever-increasing carbon taxes in one of the biggest scams ever carried out in this country, aided and abetted by much of the mainstream media…

4. Marathon Gold (MOZ, TSX) announced this morning that it has commenced its 2019 winter drill program…“Drilling efforts at the Marathon deposit will focus on testing the high-grade core of the deposit.  The first 200 m drill hole has intersected abundant mineralization with visible Gold and the second hole is underway and currently in mineralization,” President and CEO Phillip Walford stated in a news release this morning…“The success of these drill holes was predicted by our geological model.  Additional winter drilling will be focused in the gap area between Marathon and Sprite where winter drilling conditions are preferred.  This area yielded good drill intersections last year and provides an opportunity for increased open pit resources.  There is also a section of this gap not drilled that is closer to the Marathon deposit that can be drilled in the summer”…last quarter’s updated independent PEA for the Valentine Lake Project outlined 2.7 million ounces of recoverable Gold (225,000 ounces per year for the first 12 years), a 30% IRR, a $493 million (U.S.) NPV(5%), a payback period of 2.5 years and an all-in-sustaining cost of $666 (U.S.) per ounce of Gold…

5. B.C.-based cannabis giant Tilray (TLRY, NASDAQ) is investing up to $250 million in a revenue-sharing agreement with Authentic Brands Group (ABG) – the parent company of brands such as Juicy Couture, Nine West and Aeropostale – to bring cannabis-infused products to the North American market…the partnership will involve Tilray leveraging some of ABG’s biggest brand names to create specific cannabis products that could be sold alongside certain lines of clothes or shoes or other beauty products, subject to regulation…“Tilray will be the preferred supplier of THC and CBD for cannabis-infused products bearing any of the brands in ABG’s portfolio,” according to a joint news release put out by the companies this morning…other iconic ABG brands include Marilyn Monroe, Nautica, Greg Norman and Vince Camuto…as the owner of more than 50 brands, ABG builds value by partnering with an expansive network of best-in-class manufacturers, operators and retailers…with a global retail footprint of over 100,000 points of sale and more than 4,500 branded freestanding stores and shop-in-shops, ABG’s portfolio generates approximately $9 billion (U.S.) in retail sales annually…reaching nearly 250 million social media followers across key digital platforms, ABG’s robust marketing arm drives growth and engagement for its portfolio, including connecting its brands with over 150 million targeted followers through Winston, its proprietary micro-influencer network…

6. The Dow is up 40 points through the first 30 minutes of trading…J.P. Morgan Chase (JPM, NYSE) has posted quarterly profit below analysts’ expectations for the first time in 15 quarters on weaker-than-expected bond-trading revenue…the bank generated $1.98 per share in profit for the 4th quarter of 2018, below the $2.20 per share average estimate of analysts surveyed by Refinitiv…the biggest shortfall appeared to come from the New York-based bank’s trading division, where fixed-income trading produced $1.86 billion in revenue, compared to the $2.2 billion estimate…in Toronto, the TSX is up 19 points while the Venture has slipped 3 points to 600 in early trading…the Eskay Camp has a new public listing…Etruscus Resources (ETR, CSE), with just 19 million shares outstanding, has been approved for trading starting today on the CSE…the company’s Rock & Roll Project is 7 km northwest of the past producing Snip mine…Etruscus was formed by key players in Metallis Resources (MTS, TSX-V)…Skeena Resources (SKE, TSX-V) has intersected 31 g/t AuEq over 14.7 m in the 21A Zone at Eskay Creek…the shallow extent of mineralization in 21A is potentially amenable to open-pit mining methods…21A represents a significant portion of the 2018 pit constrained resource hosted at Eskay Creek containing an Indicated resource of 207,000 oz AuEq grading 5.9 g/t AuEq and an Inferred resource of 418,000 oz AuEq grading 4.6 g/t AuEq…the Canadian Environmental Assessment Agency has given the go-ahead for IDM Mining’s (IDM, TSX-V) Red Mountain underground Gold project near Stewart…Catherine McKenna, Trudeau’s Minister for Earth, Water, Sun and Air, said Red Mountain “is not likely to cause significant adverse environmental effects and the project may proceed”…how gracious of her…Chemesis International (CSI, CSE), through subsidiary Natural Ventures, is up another 2 cents at $1.65 as of 7:00 am Pacific after launching its beverage division in Puerto Rico…

7. Charlotte’s Web Holdings (CWEB, CSE) has reported more than 10 x growth in harvested hemp compared to its 2017 grow season…the high-quality 100% U.S.-grown hemp will be processed through proprietary extraction methods to create whole plant hemp extract that will be used in Charlotte’s Web products for sale in 2019 and 2020…“Charlotte’s Web is one of only a few hemp CBD producers capable of supplying large volumes of high-quality hemp extract from its own supply chain that can meet significantly increasing market demand,” stated Hess Moallem, President and CEO.  “As the category and brand leader, our goal is to increase our market share and with this bountiful harvest we are able to satisfy our customer demands for 2019 and beyond. This incredible harvest ensures we can continue to produce our high-quality human nutrition products without being subject to constantly fluctuating market prices as is common with third-party sourced raw material.  This allows us to have better control and predictability over our cost of goods sold and thereby our gross margins.  In addition, these harvest levels will allow us to explore opportunities to supply future partners with our proprietary hemp extracts”…

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

Visit the BMR comment section throughout the day for updates and helpful information!

1. Gold has traded between $1,288 and $1,297 so far today…as of 7:00 am Pacific, bullion is up $5 an ounce at $1,292…Silver is 2 cents higher at $15.59…next key breakout point is $15.75…ETF and central bank buying are offsetting weakness in the Gold market in India where imports fell 23% in December…for all of 2018, India’s Gold imports totalled 762 tons vs. 951 tons the year prior…high domestic prices for Gold, due to a falling rupee, have deterred buyers in the world’s 2nd-largest consuming country…Copper, Nickel and Zinc are off slightly at $2.66, $5.18 and $1.12, respectively…Cobalt is steady at $19.05 after a significant drop during the 1st half of January…Crude Oil is 32 cents lower at $51.27…Saudi Energy Minister Khalid al-Falih said over the weekend that the Oil market is “on the right track” and there’s no need for an extraordinary OPEC meeting before its next planned gathering in April…despite growth concerns regarding China, the country’s Crude imports in December surged nearly 30% from a year earlier according to Reuters‘ calculations of customs data…the U.S. Dollar Index is off slightly at 95.64…the dollar downtrend in Q1 has legs with a now-declining 50-day moving average (SMA) which will also cap any rallies…key U.S. economic data this week includes Wednesday’s retail sales which have been in positive territory for 9 months in a row…wage growth is at 10-year highs, the Trump economy keeps producing terrific job numbers and consumers remain very confident, so we should see another strong month for retail sales…Palladium is up another $8 an ounce at $1,311 as the white metal overtakes the yellow metal for the first time since 2001 on increased demand from automobile manufacturers…more than 80% of world Palladium supply is used in the production of catalytic converters…

2. A blockbuster deal announced this morning in the Gold sector – Newmont Mining (NEM, NYSE) is acquiring Goldcorp (G, TSX; GG, NYSE) in a friendly all-stock transaction valued at $10 billion…Newmont will acquire each Goldcorp share for 0.3280 of a Newmont share, which represents a 17% premium based on the companies’ 20-day volume weighted average share prices…the deal will combine 2 Gold industry leaders into Newmont Goldcorp, creating a highly compelling portfolio of operations, projects, exploration opportunities, reserves and people in the Gold mining sector…in addition to offering investors the largest Gold reserves per share, Newmont Goldcorp will feature the highest annual dividend among senior Gold producers…“This combination will create the world’s leading Gold business with the best assets, people, prospects and value-creation opportunities,” stated Gary Goldberg, Newmont’s CEO.  “We have a proven strategy and disciplined implementation plan to realize the full value of the combination, including an exceptional pool of talented mining professionals, stable and profitable Gold production of 6 to 7 million ounces over a decades-long time horizon, the sector’s largest Gold reserve and resource base, and a leading project and exploration pipeline.  Our cultures are well aligned, with strong commitments to zero harm, inclusion and diversity, and industry-leading environmental, social and governance performance.  We expect to generate up to $100 million in annual pre-tax synergies, with additional cost and efficiency opportunities that will be pursued through our proven Full Potential continuous improvement program.  The combination is expected to be immediately accretive to Newmont’s net asset value and cash flow per share.  We constantly review opportunities to raise our performance, and this combination represents the most promising path to deliver superior and sustainable value for our shareholders, employees, host countries and communities”…

3. Despite the flowery language, Newmont is taking over a company that has failed on many fronts, leading some to refer to Goldcorp as “Goldcorpse“…in late October, Goldcorp lost nearly a fifth of its market value in a single day after reporting falling production, rising costs and a decline in reserves…Gold grades at its flagship Cerro Negro mine in Argentina fell by more than 30% in the 3rd quarter compared with the previous quarter…production at its Musselwhite mine in Ontario and giant Pueblo Viejo operation in the Dominican Republic also fell more than expected…Goldcorp shares have also been in a long-term tailspin, hitting a new 17-year low in Q4…the transaction comes just 3 months after Barrick Gold’s (ABX, TSX; GOLD, NYSE) move to buy Randgold Resources in a $5.4 billion deal, which instantly spurred speculation that rivals would have to respond…just 2 weeks ago, Mark Bristow, Barrick’s new CEO, said the industry is heading for irrelevance unless there are major changes…Newmont is off $1.42 a share at $33.46 in early trading while Goldcorp has jumped $1.37 to $14.23 on the TSX…

4. The importance of President Trump going after China on trade is supported by numbers released today that showed that China’s trade surplus with Washington last year was the largest in more than a decade…China’s surplus with the U.S. grew 17% from a year ago to hit $323.32 billion, according to Chinese government data…it was the highest on record dating back to 2006…exports to the U.S. jumped 11.3% on-year in 2018, while imports from the U.S. to China rose a merger 0.7% over the same period…China’s overall trade surplus for 2018 was $351.76 billion…China’s General Administration of Customs said today that the biggest worry in trade this year is external uncertainty and protectionism which will likely lead to slower trade growth…December’s numbers reflect that concern…China’s overall December exports unexpectedly fell 4.4% from a year earlier, the biggest monthly drop in 2 years, while imports also unexpectedly contracted in December…they fell 7.6%, marking the biggest decline since July 2016…

5. The S&P 500 is headed for its 5th straight quarter of double-digit earnings growth, according to FactSet, though the rate of growth will decelerate in the 4th quarter from the 3rd…the estimated earnings-growth rate for Q4 is 11%, down from the projected 17% in September…however, the unusually steep drop-off in earnings estimates can be attributed to Apple’s cuts…the company ranks among the 5 biggest publicly traded firms in the world, meaning changes to its earnings estimates can disproportionately affect overall estimates…excluding Apple, as well as energy firms that have trimmed estimates due to falling Oil prices, “we’re back to something that’s more or less on trend,” stated Jonathan Golub, chief U.S. equity strategist at Credit Suisse…

6. The Dow has started a new week down 130 points through the first 30 minutes of trading…in Toronto, the TSX is up 15 points…First Majestic Silver (FR, TSX; AG, NYSE ) announced this morning that total production in 2018 reached 22.2 million equivalent ounces of Silver, representing a 37% increase over 2017, and at the upper end of the company’s guidance…total production consisted of 11.7 million ounces of Silver, 111,084 ounces of Gold, 16.1 million pounds of Lead and 5.7 million pounds of Zinc…the company anticipates a 28% increase in Silver production in 2019 and an 18% increase in total production compared to 2018…Q4 and full-year financial results are scheduled to be released February 25…Aurora Cannabis (ACB, TSX) is up 23 cents at $8.70 in early trading after announcing that it has entered into an LOI to acquire all the issued and outstanding shares of privately held Whistler Medical Marijuana Corp. in an all-share transaction valued at up to approximately $175 million, including certain milestone payments…Whistler Medical Marijuana has developed one of Canada’s most iconic cannabis brands…the transaction is expected to provide Aurora with a premium and differentiated organic certified product suite, expanding both its medical and adult-use offerings, and reinforcing the company’s presence in the well-established west coast cannabis market…Chemesis International (CSI, CSE), through subsidiary Natural Ventures, has launched its beverage division in Puerto Rico…Natural Ventures, currently servicing approximately 90% of the dispensaries in Puerto Rico, is a fully integrated medical cannabis company with 100,000 sq. feet of cultivation and 35,000 sq. feet of manufacturing and extraction…the initial launch of these all-natural ingredient products will include an energy shot, a sleep shot, and a calming shot…with initial roll-out this week in select dispensaries, the company anticipates these products to be available within the next 30 days across its entire dispensary network in Puerto Rico…the Venture has gained 1 point to 603 as of 7:00 am Pacific…one of the early leaders is GGX Gold (GGX, TSX-V), up 4 pennies or 50% at 12 cents, after the company announced late Friday a near-surface intersection grading 129 g/t Au and 1,154 g/t Ag over a core length of 7.3 m (COD-18–67) at its Gold Drop Property near Greenwood in southern British Columbia…the mineralized COD vein system has been traced by drilling and/or trenching for an approximately 400-m strike length and is open to the northeast, at depth and possibly to the southwest…

7. Ontario has announced the results of its much-anticipated cannabis retail lottery, naming 25 companies that are now eligible to begin applying for a licence to operate a brick-and-mortar pot shop in the province…absent from the list of 25 were any known cannabis retail brands such as The Friendly Stranger and National Access Cannabis (META, TSX-V) – the latter already operates a number of cannabis retail shops across the country…among the companies randomly selected by the Alcohol and Gaming Commission of Ontario (AGCO) were Pure Alpha Holdings, Tripsetter Inc., CGS Foods Inc., and The Niagara Herbalist…nearly 17,000 expressions of interest were included in Friday’s draw, two-thirds of which came from sole proprietorships, stacking the odds heavily against established retailers…National Access Cannabis CEO Mark Goliger has criticized the province for allowing many of Ontario’s first cannabis retail stores to be run by first-time business owners with no background in heavily regulated industries such as cannabis…while calling it “a little bit distracting and crazy” to be chasing franchising deals with individual lottery winners, Goliger said the lack of previous cannabis or retail experience among most of Ontario’s successful applicants will make it difficult to establish a competitive alternative to the illicit market…a majority of the 25 lottery winners were individuals through sole proprietorships…

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

Supercharge your portfolio in 2019 with this key information in today’s Week In Review And A Look Ahead!