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TriStar Gold Inc stock
TriStar Gold Inc (TSXV: TSG) is a minerals exploration company focused on mining Gold in Brazil.
Brazil’s depreciated currency makes mining relatively inexpensive and the country is favorable to mining.
While TriStar has 281.2 million fully diluted shares (as of February 2021), insiders and institutional investors hold 67% of them.
Royal Gold (NASDAQ: RGLD) ($8.4B US market cap) gave TriStar its vote of confidence by investing $8 million in the fledgling miner.
Serving as technical advisor for TriStar is Dr. Quinton Hennigh, an economic geologist with 25+ years of experience exploring for and discovering precious metals mineral deposits.
TriStar Gold (OTC: TSGZF) has 100% control of a large land package (17,177 hectares) close to infrastructure including electricity and a major highway. Within this package is the Catelo de Sonhos paleo-placer Gold deposit.
The deposit contains no sulfides and the metallurgy is simple. Up to 98% Gold recovery is anticipated from this environmentally clean ore.
Mineralization is shallow so inexpensive open pit mining can be employed.
TriStar is steadily advancing towards production with 3 drill rigs on site, a resource estimate in H1 2021, and a pre-feasibility study (PFS) in summer 2021.
Precious metals investors will want to have this Gold mining stock on their watch list.
Disclaimer: Technical Analysis rating is algorithmically-determined and provided by TradingView based on the security's technical indicators. This rating does not reflect the opinion of Satori Traders LLC and should not be considered a recommendation to buy or sell any security.
Bryan V Post is a California-registered Investment Advisor Representative specializing in the Precious metals.
He is the founder and CEO of Satori Traders LLC, a California-registered Investment Advisor.
Bryan has worn numerous hats during his life:
Engineer, Portfolio manager, Precious metals Investor, Technical analyst, Proprietary trader, Swing trader.
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