Kal Rai

Microcap investor. My tweets are my opinion only and do not constitute investment advice.

[Kal Rai @KalRai200]

@onecentinvest $Nxg.v - Nexgenrx

[Kal Rai @KalRai200]

@WolfOfOakville Free optionality on the Smart-TR product suite SAAS model as well that is in field trials. Zero value given by the market imo but that is the game changer for this solid company.

[Kal Rai @KalRai200]

@PaulAndreola $MCB - Mccoy has an NCIB in place.

[Kal Rai @KalRai200]

@ronmortgageguy Ron - Do you still see interest rates going down for mortgages in Canada. What is best strategy.

[Kal Rai @KalRai200]

@PaulAndreola I am guessing a 50 basis cut.

[Kal Rai @KalRai200]

@jrai10_ ‘’Even as project deliveries accelerated, BIOREM's sales funnel, outstanding bids and order backlog remain robust with no signs of softening over the near- to medium-term."

[Jay Rai @jrai10_]

Borealis Mining (TSXV:BOGO): The Perfect Blend of Timing, Talent and Treasure!

Background
The Borealis gold project is an open-pit heap leach gold mine in Nevada located 26 km from the town of Hawthorne in the prolific Walker Lane Trend. Historically, the mine produced ~625,000 oz of gold until it was placed on care and maintenance due to legal issues. The property is ripe with exploration targets little to no testing and offers an opportunity for a quick start program based on all the historical work conducted. BOGO has already utilized existing infrastructure to demonstrate a potential small-scale production re-start by completing two gold pours from an existing heap leach pad but has also commenced a drill program focused on near-mine resource growth.
We are shareholders of Borealis Mining and currently work with the company.

Proven Company & Mine Builders
The team’s diversity and experience offer an abundance of strengths in mine operation, mine re-development, and exploration suited exactly for a project like this. We highlight Chairman Tony Makuch’s success in the industry, developing and transforming Kirkland Lake (merged with Agnico Eagle to create a US$22.4B company) to over 1.5 Moz gold producer by improving operational efficiencies and exploration success. Kelly Malcolm (President & CEO) has a robust technical background, previously being involved in discovering Detour Gold’s 58N deposit and raising over CAD$90M in capital. Borealis is also backed by a formidable capital markets savvy board—Bob Buchan (founded Kinross), Greg Gibson (previously CEO of Sprott Mining), and Christina McCarthy (previously CEO of Paycore Minerals, which was acquired for CAD$91M). We believe the management team has the right skills to unlock value in the district through exploration and potential acquisitions.

Investment Thesis
Borealis offers access to a proven mine building/operating team, with a project that comes with an extensive dataset that helps de-risk exploration through known targets. The valuation is underpinned by existing infrastructure (~$70M replacement value), a historic resource, and existing stockpiles ready to process and recover gold. Based on these attributes, BOGO provides downside protection while simultaneously offering asymmetric risk-reward based on “low-hanging fruit” targets that can be drilled imminently (67.1 m of 16.2 gpt Au or 1,087 gram*m Au) with the ability for incremental near-term cash generation.

$BOGO.v #borealismining

[Kal Rai @KalRai200]

@PaulAndreola $STC - If it keeps trading at around slightly over 5X EV/EBITDA and less than 1X Revenues

[Investorfile @IFGerryWimmer]

TOP IDEAS: $STC.TO, $SANG - Sangoma Technologies stock hitting new 52-week highs with added trading volume, last at C$6.69.

[Kal Rai @KalRai200]

@LukeWolgram Are u factoring in any annual capex on your FCF? What is normal amount of maintenance capex annually.

[Kal Rai @KalRai200]

@JeffVeillette If there was no salary retention, they would have gave a 4th round pick. How is that too much to give up.

[Kal Rai @KalRai200]

@JeffVeillette @AU5T0N Calgary was not low on Grushnikov. So Calgary gave up 2 - 2nd round picks, a possible third, & 4th. Leafs did not even give their 2024 3rd round pick and u are incorrect that it is the Islanders pick. Did you know that Leafs added $100K to their cap space by doing this.

[Kal Rai @KalRai200]

@thedave2006 Weak Q imo

[Kal Rai @KalRai200]

@RTelford_invest @TrentBlair19 How do u now the probabilities before you invest?

[Paul Andreola 🇨🇦 @PaulAndreola]

Partnered with tiny little Renoworks $RW.V

[Jay Rai @jrai10_]

$RW - Renoworks hitting a 52-week high following the announcement of a new integration with EagleView. Renoworks Pro will integrate its interactive 3D design capabilities seamlessly with EagleView's measurement tool.

https://t.co/USE3Sl2208

[Sean Peasgood @SeanPeasgood]

Another 52-week high today. Time to dig in on $RW. Value stock and growth in RenoWorks Pro could drive share price in 2024.

[Jay Rai @jrai10_]

$RW - RenoWorks Software is still an under-discovered company at a ~$8.8M MC. Based on FY2022A financials, RenoWorks trades at ~1.5x Revenue with gross margins >60% and near profitability.

[Kal Rai @KalRai200]

@RTelford_invest What’s your favourite idea currently using your strategy.

[Kal Rai @KalRai200]

@CDInewsletter Anyone like $PIF.to here. Enbridge and BCE have high dividends as well.