The Hits Keep on Coming

Several companies announced good news today in the middle of the covid-vaccine news sell-off in gold. I'm only posting charts and news with some commetnary, no hard recommendations. I did own KRR when it was RNX. Of the four, I think MEX has the least coverage. The others are well followed. As for the news itself, the Roscan and Mexican Gold hits are great. Those are high grades over a long stretch. A shorthand way to look at this is to multiply the intersect by the grade, so Roscan has a 172 and a 143. Mexican Gold's hits are also above 100.

Roscan Gold Makes New Discovery at Moussala North - Intersects 5.39gpt over 32m from Surface including 8.93gpt over 16m

Mexican Gold Intersects 32m of 4.56 g/t AuEq and 10m of 10.98 g/t AuEq at El Dorado

From Don Durrett of GoldStockData.com, here's the shorthand calculation:

Benchmark is understandably excited about this strike that scores a 384.

RETRANSMISSION: Benchmark Drills 128.10 Metres of 3.02 g/t Gold Equivalent and Substantially Expands the Cliff Creek South Area

Karora didn't have a huge strike, but they're moving towards production. Any hit they make that is economic and minable increases the value of the company, unlike a discovery company that needs a really great find to get the financing to build a mine.

Karora Provides Update on 2020 Drilling Program and Announces New Regional Mining Strategy for Higginsville Area

Brief comments on the charts: Slope updates the Canadian stocks at end of day. BNCH is below resistance today so that is a failed breakout for now, but the pattern still looks good. KRR has a monster base waiting to complete. For traders, MEX gets interesting when it breaks resistance at 15 cents and takes out the old high at 17 cents, completing an inverse H&S that has a target at 31 cents. This is a much earlier play chart wise and the chart isn't bullish yet from an intermediate or long-term view. ROS had a nice breakout and has successfully tested. Looks like a good low risk entry for a trader. If you force me to make a call, I'd say the volatility in BNCH and the great hit in ROS, plus their charts, makes them most likely to move first. I think KRR and MEX will take longer, but I haven't researched these lately. Any fundamental developments or news could accelerate things. Do your research.

Update: I like the risk/reward on the MEX warrants and I'm willing to wait.