The KE Report

Jason Jessup, CEO and Director of Magna Mining Inc. (TSX: NICU) (OTCQX: MGMNF) (FSE: 8YD), joins me to review the key takeaways from the Preliminary Economic Assessment (“PEA”) released after the market close on October 7th, for the restart of the fully-permitted Levack Mine, located in the North Range of the Sudbury Basin, northeastern Ontario, Canada.   We also discuss the potential for the dual-track development of 2 mines, because the Company plans to release the PFS on Crean Hill in the next few weeks.

 

 Levack PEA Highlights: (All amounts are expressed in Canadian dollars)

 

Solid production profile and short time frame to commercial production: The Levack PEA contemplates underground mining of 5.75 million short tons with 7.3 years of commercial production and average annual payable copper equivalent (“CuEq”) production of 36.8 million pounds (“lbs”) at all-in sustaining costs (“AISC”) of US$3.71 per CuEq payable pound and commercial production anticipated in mid-2028. 

Low initial capital and robust pre-commercial production operating cash flows: Initial capital costs from January 1, 2027 to the start of commercial production are estimated to be $70.1 million, after incorporating equipment financing timing effects. This initial capital is estimated to be offset by refundable tax credits of approximately $5.6 million and expected pre-commercial production operating cash flow of approximately $55.9 million using base case price assumptions1, leaving a calculated net initial funding requirement of $8.6 million. 

Rapid payback and robust base case economics: Assuming base case commodity prices, the Levack PEA estimates payback in 0.6 years with a base case after-tax Internal Rate of Return (“IRR”) of 92.4% and an after-tax NPV7% of $227.0 million. Pre-tax cash flows in 2028 and 2029 are estimated to be approximately $96.5 million per year. Using September 2026 average commodity prices, the after-tax NPV7% increases to $313.6 million and the IRR improves to 115.8%, with average pre-tax cash flows of approximately $120.6 million per year in 2028 and 2029. 

Positive potential impact from the recently announced Productivity Mega Deduction:  Incorporation of the Productivity Mega Deduction (“PMD”) could reduce the estimated federal taxes payable over the life of mine. The Levack PEA after-tax NPV7% improves by $5.1 million to $232.1 million and the IRR increases to 99.2%, by reducing total federal taxes paid by $1.6 million and accelerating the utilization of certain tax deductions. 

 

Jason goes on to discuss the exploration upside at Levack to expand resources and future mine life well above what was released in this more conservative economic study. As a reminder, all of the recent high-grade copper, nickel, platinum, palladium, and gold results from the R-2 Zone are not included in the current resources or this PEA.  There are also a number of other areas that will be getting drilling, and initiative to make another discovery at Levack.

 

Next we pivoted over to the potential for the dual-track development of Crean Hill along with Levack, after the C$140 Million strategic investment by Alpayana, that just closed on August 31st.   The Company will be releasing a Pre-Feasibility Study (PFS) in October for Crean Hill, and the board will evaluate the final construction decision at that time.

 

Wrapping up, Jason paints the value proposition for how this Company could grow into a mid-tier polymetallic base metals and precious metals producer over the next handful of years, with other permitted projects like Podolsky and Shakespeare waiting in the project development pipeline.

 

Click here to follow along with the news at Magna Mining

 

If you have questions for Jason regarding Magna Mining, then please email me at Shad@kereport.com.

 

In full disclosure, Shad is a shareholder of Magna Mining at the time of this recording, and may choose to buy or sell shares at any time. 

 

For more market commentary & interview summaries, subscribe to our Substack reports:

 

The KE Report: https://kereport.substack.com/

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

 

 

Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, hosts Cory and Shad welcome Joel Elconin, Co-Host of the PreMarket Prep Show and Founder of the Stock Trader Network, to dissect an increasingly bifurcated market environment. While major indexes hover near record territory, underneath the surface, market participation tells a far more complicated story.

The Market Breadth Divergence: Major cap-weighted indexes continue pushing near all-time highs, but broad market participation is thinning rapidly as capital funnels almost exclusively into mega-cap technology leaders.

Real-Economy Warning Signs: Sharp downturns across critical logistics and transportation names point to potential headwinds for the broader economy that index-level gains may be masking.

Cash Alternatives and Concentration Risks: With risk-free Treasury paper offering 5% yields, we examine why investors remain hesitant to step aside and whether widespread institutional crowding in Big Tech creates systemic exposure.

AI Sentiment and Earnings Expectations: Rumored revenue adjustments in enterprise artificial intelligence are putting suppliers, data center plays, and software partners under the microscope ahead of a critical earnings season.

S&P 500 Technical Benchmarks: A review of where the cash index stands relative to its 50-day moving average and what technical signals separate a standard market pullback from a meaningful trend reversal.

 

Stocks and Symbols Mentioned: S&P 500 Index (SPX / SPY), Berkshire Hathaway (BRK.A / BRK.B), iShares 20+ Year Treasury Bond ETF (TLT), iShares Russell 2000 ETF (IWM), J.B. Hunt Transport Services (JBHT), FedEx (FDX), United Parcel Service (UPS), Oracle (ORCL), Micron Technology (MU), Broadcom (AVGO), Delta Air Lines (DAL), and Alphabet (GOOGL). 

 

Click here to visit Joel’s PreMarket Prep website - https://www.premarketprep.com/

 

Click here to visit the Stock Trader Network - https://www.stocktradernetwork.com/

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For more market commentary & interview summaries, subscribe to our Substacks: 

The KE Report: https://kereport.substack.com/ 

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

 

Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, we sit down with Mike Allen, President and CEO of StrikePoint Gold Inc. (TSX-V: SKP, OTCQB: STKXF), to discuss the transformational acquisition of the Northumberland Project from Newmont Corporation in Nevada's Walker Lane trend. Supported by an upsized $190 million bought deal financing and a newly fortified treasury, Mike details how this transaction reshapes the company, the geologic merits behind the 4+ million ounce gold-equivalent resource, and what the market can anticipate as drilling commences this fall.

Discussion highlights include:

The Flagship Northumberland Acquisition: Background on acquiring this premier Walker Lane asset from Newmont, the historical exploration context, and how the multi-million-ounce resource provides a foundation for rapid corporate scaling.

Upsized Financing and Balance Sheet Strength: The institutional appetite that pushed initial financing targets to an upsized $190 million bought deal, leaving approximately $90 million in cash to establish a clear two-year runway.

Geologic Scale and World-Class Analogs: Insights into the Carlin-style stratigraphic system and why technical comparisons to multi-million-ounce deposits like Goldstrike’s Betze-Post highlight substantial expansion potential.

Target Areas and Fall Drilling Plans: Utilizing five active drill permits to quickly test un-drilled near-pit gaps, open lateral extensions, down-dip continuity, and untested regional soil anomalies.

Portfolio Strategy and Regional Synergy: How the company intends to maximize value from existing Walker Lane assets, Hercules and Cuprite, alongside potential long-term synergies near Kinross Gold’s Round Mountain operation.

 

Please email us with any follow up questions for Mike. Our email addresses are Fleck@kereport.com and Shad@kereport.com. 

 

Click here to visit the Strikepoint Gold website to learn more about the Company. 

 

-------------------------

For more market commentary & interview summaries, subscribe to our Substacks: 

The KE Report: https://kereport.substack.com/ 

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

 

Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, we are joined by Derek Iwanaka, CEO of Prince Silver Corp. (CSE: PRNC | OTCQB: PRNCF | Frankfurt: T130). Derek provides an in-depth exploration update on the company's flagship Prince Silver Project in Nevada, following the completion of over 11,000 metres of drilling and the release of new assay results.

Record-Width Silver Intersections: An overview of recently reported assays from holes PRC-59 and PRC-60, highlighting the widest polymetallic silver intersections encountered to date at shallow depths.

Validating the Historical Mine Database: Insights into the ongoing twin-hole drilling program designed to verify past underground drilling and integrate legacy data into the geological model.

Metallurgical Testing and By-Product Potential: How preliminary work around manganese extraction is shaping silver-equivalent calculations and overall resource quality.

Nevada Permitting and Expanding Drill Metres: Why past surface disturbance allows the team to significantly expand drill meterage while staying within disturbance permit limits.

Funding and Path to the Maiden Resource: What investors should anticipate heading into early next year regarding pending assays, resource modeling, and corporate milestones.

 

Please email us with any follow up questions for Derek - Fleck@kereport.com & Shad@kereport.com 

 

Click here to visit the Prince Silver website to learn more about the projects and team. 

 

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For more market commentary & interview summaries, subscribe to our Substacks:

The KE Report: https://kereport.substack.com/

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

 

Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Scott Emerson, President and CEO of Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY), joins me for another exploration update where on September 22nd additional assays were reported from drilling a new structure (#8) on the Company's Las Coloradas silver project in the Parral mining district of the Central Mexican Silver Belt, Chihuahua Mexico.

 

Highlights :

 

LC-26-020 returned 218 g/t AgEq (199 g/t silver and 0.53 g/t Au) over 6.45 metres, including 338 g/t AgEq (313 g/t silver) over 1.95 metres

Confirms high-grade mineralization on a new structure (#8), 150 meters west of high-grade hole LC-25-010

Second hole drilled on the #8 structure, following LC-25-008 (200 g/t AgEq and 0.28 g/t Au over 10.5 meters, including 931 g/t AgEq and 1.28 g/t Au over 1.6 meters), confirming continuity of high-grade mineralization across structures

 

Scott shares the significance of encountering a 3rd structure, based on the cross-cutting structures, and it is receiving immediate ~50-meter step-outs on either side of hole LC-26-020.

 

We go on to discuss some of the key exploration targets drilled in this year’s program thus far at the Soledad main structure, which has the historic Las Colorada Mine Target, the DBD Target, and then further along trend the Aguilar Target.  

 

We then panned back on other targets at Las Coloradas getting drilling along the Soledad 2 structure on targets like Leona, or further afield regional targets like Saddle, based on the various data sets from mapping, sampling, historic data, and surveys flown that their team has compiled in the prioritized targets for this season.

 

There have been about 5,000 meters drilled to date, out of the 10,000 meter program, with multi-rig drilling still underway all the way up to the Christmas holiday.  Then drilling will pick up again in late January and just keep going.   The company is well funded with ~$13million in the treasury, and there will be a stead stream of assays to report for months into the future, building out the different areas of mineralization from this larger system.

 

 

 

If you have any questions for Scott regarding Kingsmen Resources, then please email those in at Shad@kereport.com.

Click here to follow the latest news from Kingsmen Resources

 

 

For more market commentary & interview summaries, subscribe to our Substack reports:

 

The KE Report: https://kereport.substack.com/

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

 

 

Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.