NIA is very pleased about how BTL Group (TSXV: BTL) more than doubled from our suggestion price in only six weeks and was one of the top 3 largest gaining TSX Ventures stocks during this time period! With gold likely to surpass its long-term key breakout point in the upcoming days, we believe that a massive upward explosion for gold mining stocks is imminent! NIA has discovered a brand new IPO on the TSX Venture that owns 100% of a very high grade gold project that completely encircles the brand new producing gold mine of China’s largest gold miner Zijin Mining (ZIJMF) – a $10 billion market cap company! The company is Kenadyr Mining (TSXV: KEN) and we believe it could double over the next 90 days from its current price of $0.78 per share!
Two months ago, the governor of the Kyrgyz National Bank (the central bank of Kyrgyzstan) announced that he wants every one of his country’s 6 million citizens to own at least 100 grams (3.5 ounces) of gold. Since 2012, the Kyrgyz National Bank has been one of the world’s biggest buyers of gold, increasing its reserves by 76.2% during a time when China increased its gold reserves by 74.8% and Russia increased its gold reserves by 80.3%.
Gold production is extremely important to Kyrgyzstan’s economy. Gold is Kyrgyzstan’s largest export with nearly all of its gold exported to Switzerland. In 2005, gold exports to Switzerland accounted for 9.71% of Kyrgyzstan’s total exports. In 2016, gold exports to Switzerland accounted for a record high 41.95% of Kyrgyzstan’s total exports.
Kyrgyzstan’s third largest gold mine is the Taldybulak Levoberejnyi Mine (TBL Mine) operated by Zijin Mining Group Company Limited (ZIJMF), the largest Chinese gold mining company with a market cap of $10.42 billion. The TBL Mine was recently built at a cost of USD$296 million and contains 2.5 million ounces of gold reserves and resources with very high grades of 7.2 g/t.
Surrounding the TBL mine is the 164 sq km Borubai project, 100% owned by a brand new IPO on the TSX Venture Kenadyr Mining (TSXV: KEN).
We believe KEN is an amazing opportunity here at $0.78 per share and will explode above $1 per share shortly after gold surpasses its key breakout point! With only 80 million shares outstanding, KEN has a market cap of only $62.4 million. KEN is sitting on $8.5 million in cash with no debt for an enterprise value of only $53.9 million.
KEN’s initial drilling target the South Zone directly connects to the TBL Mine and has a historic unclassified resource of 900,000 oz of gold with very high grades of 8.3 g/t.
There has been extensive historical drilling at Borubai totaling 98,200 metres with 184 diamond drill holes. Historical Soviet drilling has already discovered that Zijin’s TBL gold resource extends onto KEN’s Borubai license!
Based on the historical Soviet resource of 900,000 oz and KEN’s enterprise value of $53.9 million, KEN is being valued at only $59.89 per oz. Keep in mind, core recovery during Soviet drilling averaged only 60%. Using modern drilling and assaying techniques, KEN believes that it will significantly increase both the size and the grade of the mineralization as it defines a NI 43-101 resource!
KEN just announced this week that it will commence drilling within the next 90 days! We believe KEN is perfectly positioned to define a multi-million ounce gold resource that directly connects to the producing gold mine of China’s largest gold miner!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has been compensated by KEN $40,000 cash for a two-month investor relations contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.