Host Cyndi Edwards introduced White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA) as a "gold company leading the Yukon's modern gold rush with a top prospector [Shawn Ryan] at the helm." Edwards asked Stifel analyst Stephen Soock why now is an ideal time to invest in the yellow metal and in White Gold.
"In White Gold, you have the best of both worlds. You have a very robust deposit, and you also have this very exciting blue sky opportunity."
—David D'Onofrio, White Gold CEO and Director
Soock explained that the U.S. economy is still recovering from massive past and ongoing quantitative easing by the Federal Reserve as well as inflation. Also, the global economy also is in recovery mode, he said. Against this macroeconomic background, gold is favorable as a real asset.
As for Canada's White Gold Corp., Soock noted, it warrants investor interest because the company has a significant land package in one of Earth's most prolific placer gold camps and its team has a superb track record in discovery as well as a proven discovery method.
That method, said Shawn Ryan, White Gold co-founder and technical adviser, is essentially sampling the soil deeper than is typical. That allows the team to see the subsurface in unglaciated terrain.
Edwards asked White Gold CEO David D'Onofrio what makes the company stand out. For starters, D'Onofrio said, its exploration team has extensive experience and has made discoveries in the past. The company has the benefit of Ryan's research and success.
Also, White Gold has a large portfolio comprising 1 million acres worth of the best properties in the White Gold District, in which little modern exploration has been done. There are some big hitters in the region, including Newmont Corp. (NEM:NYSE), White Gold's neighbor.
Further, White Gold's current total resource is robust and boasts excellent grades, D'Onofrio said.
In addition, White Gold has attracted more than $100 million in investment funds. The explorer's strategic partners include Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE), Kinross Gold Corp. (K:TSX; KGC:NYSE), and Eric Sprott.
Various analysts have assigned price targets of $70 per share and higher on White Gold, noted D'Onofrio, but the company is currently trading at a discount to its peers.
"We're still looking for Easter eggs. They're still out there, and I think this is just the beginning of what I'm hoping is the next 15 years of discovery."
—David D'Onofrio
The CEO highlighted that White Gold offers one of the best investment opportunities in the sector, from a risk-reward standpoint, an opportunity "almost unheard of in this day and age."
"In White Gold," he added "you have the best of both worlds. You have a very robust deposit, and you also have this very exciting blue sky opportunity."
Ryan, when asked, discussed White Gold's recent discovery at Betty, east of the Coffee deposit. Another company staked Betty in 2010, did some drilling but then left. White Gold picked up the property in 2016. Two years later, White Gold's maiden drill hole at Betty returned 15 meters (15m) of 1+ grams per ton (g/t) gold. This year, Ryan's team followed up with some diamond drilling there, and that showed 50m of 3+ g/t gold.
"That's telling me that there must be more to this story, and that's what we're going to uncover next," Ryan said.
What these initial drill results mean to Soock, the analyst shared, is that there's deposit close by and it is likely an economic one.
Edwards asked Ryan what is most exciting about White Gold moving forward. He said it is the company continuing to prove out its original hypothesis that the district must contain more large deposits. The fact that Betty is looking like it could be another one shows that the company's portfolio is one of the best in the Dawson Mining District, Ryan noted. He and his team have much more exploring to do.
"We're still looking for Easter eggs," he said. "They're still out there, and I think this is just the beginning of what I'm hoping is the next 15 years of discovery."
Disclosures:
- This broadcast does not constitute investment advice. Each viewer is encouraged to consult with his or her individual financial professional and any action a viewer takes as a result of information presented here is his or her own responsibility. This broadcast is not a solicitation for investment. Streetwise Live! does not render general or specific investment advice and the information should not be considered a recommendation to buy or sell any security. Streetwise Live! does not endorse or recommend the business, products, services or securities of any company mentioned here.
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- The following companies discussed in this broadcast have paid a $10,000 fee to participate: White Gold Corp.
- From time to time, Streetwise Live! and its directors, officers, employees or members of their families, as well as persons interviewed for broadcasts and interviews on the site, may have a long or short position in securities mentioned. As of the date of this broadcast, officers and/or employees of Streetwise Live! (including members of their household) own securities of the following companies discussed in this broadcast: White Gold Corp. undefined White Gold Corp. is a billboard sponsor of Streetwise Reports, an affiliate of Streetwise Live! (description available at https://www.streetwisereports.com/disclaimer/).
- Shawn Ryan - Director, Chief Techical Advisor owns securities of the company.
- David D'Onofrio - CEO and Director owns securities of the company.
- Disclosures for: Stephen Soock - Analyst, Stifel. I, or members of my immediate household or family, own securities of the following companies discussed in the broadcast: None. I personally am, or members of my immediate household or family are, paid by the following companies discussed in the broadcast: None. My company has a financial relationship with the following companies discussed in the broadcast: None.
- Disclosures for: Cyndi Edwards, Host. I, or members of my immediate household or family, own securities of the following companies discussed in the broadcast: None. I personally am, or members of my immediate household or family are, paid by the following companies discussed in the broadcast: None. My company has a financial relationship with the following companies discussed in the broadcast: None.
Additional Disclosures:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of White Gold Corp., a company mentioned in this article.
