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Tag: FireFox Gold Corp.

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Q1 Reporting Preview & Commodity Price Update – Gold Miners Poised to Shine: Now & Going Forward

Gold continues to shine, and we expect gold producers to continue to outperform as Q1 operating and financial results are announced in the coming weeks. As we noted in the Building our “Precious Metals Hoarding List” published last month, we believe that we are in a bull market for gold and gold equities. In the upcoming reporting season, we believe producers that report strong Q1 results, along with reasonable outlooks (adjusted for COVID-19), are likely to outperform. Additionally, there are several companies with strong tailwinds for Q2/20 as they are poised to benefit from significantly lower local currencies and decade low energy prices. In this note we are updating our commodity and currency estimates and highlight names from our coverage universe that we believe could outperform when quarterly reporting begins April 22, 2020.

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Red Cloud | redcloudfs.com

FireFox Gold Corp. (TSXV:FFOX) – Grab Samples Highlight Jeesio’s Potential

FireFox Gold announced the discovery of a new gold target “Katajavaara”, at the company’s Jeesiö Gold Project (100% owned) in the Central Lapland Greenstone Belt, Finland. The target is adjacent to Aurion’s (TSXV:AU, FV est. C$3.25/sh) Launi project and could have the potential to house similar gold-bearing quartz-sulphide veining. FireFox has a large district land package of 80,000 ha, which we believe is not currently reflected by the company’s share price. We believe exploration success by either FireFox or Aurion (FireFox’s neighbour) should drive Firefox’s share price higher.

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Red Cloud | redcloudfs.com

FireFox Gold Corp. (TSXV:FFOX) – Technical Success at Mustajarvi

FireFox Gold announced the completion of its Phase 2 exploration program at its 100% owned Mustajarvi Gold Project in the Lapland Greenstone Belt, Finland. Drilling expanded the mineralized footprint of the target but did not yield additional economic grades. In our opinion, the current pricing of FireFox does not reflect the scale of the company’s prospective 80,000 ha land package within the CLGB and the stock should re-rate on positive drill results.

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Red Cloud | redcloudfs.com

FireFox Gold Corp. (TSXV:FFOX) – Step-out Drilling Success at Mustajärvi

FireFox Gold announced the first batch of assays (five out of nine holes, ~1,500m in total) from its phase 2 diamond drilling program at its 100%-owned Mustajärvi Gold project in the Central Lapland Greenstone Belt (CLGB), Finland. We view these results positively and believe they show both the scale and continuity of the system at Mustajärvi. In our opinion, the current pricing of FireFox does not reflect the potential of the company’s highly prospective 80,000 ha land package within the CLGB and the stock should re-rate on positive drill results.

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Red Cloud | redcloudfs.com

Precious Metals Update – Ready, Set, GOLD!

If it looks like a bull market (technical breakout in gold), smells like a bull market (significant negative yielding debt) and feels like a bull market (funds flowing into gold), it must be a bull market. Our analysis shows that equities in smaller sized companies outperform during a bull market. However, not all junior miners are created equal, and we believe there are three keys to picking them.

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Red Cloud | redcloudfs.com

FireFox Gold Corp. (TSXV:FFOX) – Jeesiö Coming in to Focus; IP Will be Key

Impact: Mildly Positive

FireFox provided an update on its ongoing summer field program at its Jeesio project in Finland. The company is testing it’s Utsamo target, which sits between Aurion’s Risti and Launi gold projects. Work to date at Utsamo suggests it hosts the major regional structure associated with local gold deposits. Upcoming activities include further sampling/mapping and detailed IP to define targets ahead of drilling. While early days at Jeesio, results to date are encouraging and further updates hinting at exploration success could drive a significant re-rating of this discounted stock.

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Red Cloud | redcloudfs.com

H2/19 Explorer Preview – Looking for Winners in the Upcoming Drill Season

Introducing our inaugural Exploration Preview, which focuses on names within our coverage universe with drill bit torque. We review the exploration potential and try and quantify the potential impact on the share price should the company be successful in delivering results. We believe that exceptional drill results can create value regardless of where we are in the commodity cycle. Our top ideas are highlighted in Figure 1 below and will be presented in a similar alphabetical order within this document, bifurcated for precious and base metals focus.

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Red Cloud | redcloudfs.com

FireFox Gold Corp. (TSXV:FFOX) – First Steps from Phase I Show Promise

Impact: Mildly Positive

Phase I of drilling at FireFox’s Mustajärvi project successfully intersected high grade gold both at depth and along strike of the known mineralized structure warranting further follow-up as the company moves in to Phase II of drilling. We have a fair value estimate of C$0.63/share for FireFox’s Finnish project and we expect Phase II at Mustajärvi to offer evidence of this potential.

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Red Cloud | redcloudfs.com

FireFox Gold Corp. (TSXV:FFOX) – Initial Results Demonstrate the Potential of Mustajärvi

Impact: Positive

Phase I of drilling at FireFox’s Mustajärvi project successfully intersected high grade gold at depth and validated historic exploration results near surface. In our recent report on Finland, we outlined FireFox as having a potential value of C$0.63/share contingent on continued exploration success at Mustajärvi. As the company moves in to Phase II of drilling, we view this progress as aligning well with our estimates.

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