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jamesandanna12 · 6 years

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Homer (Alaska) to Vancouver (British Columbia) - 12-28 Sept 2017

On our last evening in Homer we walked the beach for hours. It was so peaceful and beautiful.

Then we heard a huge bang but couldn't figure what it was.... Until a few minutes later! It was a whale jumping above the water!!! This is something we had seen several times on National Geographic but never in the wild.... What an amazing and unexpected sight! 😍😍😍

It all happened out of the blue so couldn't take a photo but (thanks to Google images) this is what we saw:

Seeing the whale was amazing! We were a bit stunned.... There was no one around, just us. Beautiful! 😍

We waited for another half an hour or so hoping for another jump but that was it for the evening. We were delighted. We walked back and noticed a big bird landing in the water. We got closer and realised it was a bald eagle catching a salmon! It was another sight straight from a nature TV programme!

We loved Homer and were sad to be leaving. Just as the day we arrived, it was cloudy and damp on the day we left. From Homer we needed to return to Anchorage. However we planned two stops along the way. We would stop at the Coopers Landing campsite to meet John and Julie, the hosts there who we'd met on the way south. We would then spend a night in the coastal town of Seward where we hoped to do a glacier/fjord tour.

We had an enjoyable ride to Coopers Landing where it was great to see John and Julie again. We took along some cakes from The Moose is Loose bakery and had a lovely couple of hours over coffee. Having spent the summer in Alaska, John and Julie were also preparing for the long drive south to the lower 48 before winter. We eventually said our goodbyes and headed to Seward. We hope to meet John and Julie again in the future somewhere on the road 👋😊👋

Riding was beautiful.

Then the weather changed... It was freezing cold!!

We reached Seward in a downpour, a regular recent occurrence. We checked into an unexpectedly nice motel and wandered around a very picturesque but wet town.

We found and booked a boat tour for the following day.

The seafront was lovely!

Luckily the sun shone the next morning. Our tour took us out into the Gulf of Alaska via the Kenai Fjords National Park. We were hoping to spot some whales but it was not to be. However we saw wonderful glacier scenery and other wildlife along the way.

The boat trip was very relaxing.

The scenery was gorgeous!

We saw a lot of beautiful glaciers!

We loved the boat trip!!

The glaciers really were very impressive!

After our lovely boat trip we got back on our bikes to ride to Anchorage. From Seward, it was just a few hours ride. Just as we had experienced coming south, the return journey was very very windy, particularly as we got closer to Anchorage. Sadly we passed a very serious motorcycle accident on the way. Not something one wants to see whilst riding a motorcycle. Later we found out that the rider sadly passed away 😞

It was late in the day for riding but we were treated to a lovely sunset.

The ride had one last twist. The approach road to Anchorage was a fast 6 lane highway. We were only 2 miles from the city centre and travelling at 60mph. It was dusk - almost dark. At that moment, a huge bull moose (more than 2m tall) decided to saunter across the 6 lane road. He was exactly the colour of dusk - almost invisible. Anna and I saw him simultaneously. He was straight in front of me. It was too late to stop. With Anna screaming in the earpiece, I managed to slalom around the moose. I couldn't stop of course as we both risked being rear-ended by the other traffic. The moose just sauntered - no traffic was going to interrupt his evening walk! We had hoped to see a big bull moose all through Alaska - we hadn't reckoned on finally seeing one on a motorway in Anchorage!

This is the closest Google image to what we saw - ours was just busier with traffic, fast, six lane road and bad visibility.... What could possibly go wrong! 😉

We were delighted to check back in to the lovely Bent Prop Inn and be greeted by John, the kind owner. We would spend a couple of days resting before continuing the long ride south to Vancouver.

So 2 days later, we set off for Tok, the first tiny settlement on the ride south. It was a long but beautiful ride, showing Alaska's Autumn colours at their best.

The views were magnificent!

We couldn't get enough of the beautiful places we were riding through!

Riding was so beautiful! We loved it! But we were frozen so when we spotted a tiny cafe we had to stop for a hot drink.

The scenery was getting better and better!

Having been in Tok in late August and camping in a downpour, this time we decided to check in to the only decent motel in town. We had a long (3,200km) and potentially cold ride south to Vancouver ahead - given the remoteness and potential for cold, we had decided to stay in motels whenever possible.

We walked around for a few minutes before it poured!

It was freezing cold after the sun went down so we were delighted with our warm motel 😊 We had a nice supper and good night's sleep (we slept like logs actually) 😉

Our plan was that after Tok, we would backtrack for a few days on our previous route as far as Watson Lake in the Yukon - the Alcan highway was the only road between the two points. After Watson Lake, we would turn due south onto the Cassiar highway that runs 900km through the remote mountains of British Columbia. We were nervous about the remoteness of the Cassiar but very much looking forward to it.

In a mirror image of our trip north 4 weeks earlier, our first day was the long ride from Tok through the Alaska/Canada border as far as Haines Junction in the Yukon. The weather was noticeably colder and greyer than when we had travelled north in August.

We rode through a very extensive wild fire area.

The trees were gorgeous!

We crossed the border very straightforwardly. Unlike in South America, everything is easy in US and Canada 😊

Riding was SPECTACULAR!!

Then, out of the blue, the scenery changed and we were riding through desert!

Not far from Haines Junction we started seeing beautiful mountains again.

As it was the day before my birthday, Anna insisted on booking a nicer than normal place to stay in Haines Junction. It was very nice and cozy.

We were gutted to discover that the lovely village cafe had closed for the winter. It would reopen in April 2018. Summer is short in these northern parts!

From Haines Junction, it was the short 170km ride to Whitehorse next day.

Anna had very kindly booked a lovely hotel for 2 nights for my birthday.

We had a lovely time in Whitehorse - plenty of coffee, a lovely birthday dinner and replacing some camping bits and pieces in advance of the Cassiar highway. We liked Whitehorse - straight out of the TV series "Northern Exposure"!!

From Whitehorse, we had the long ride back to Watson Lake, still in the Yukon. Being late in the year, and in a very remote area, we saw only a handful of vehicles all day. It was fingers crossed that we didn't have any mechanical problems requiring help - people were scarce in these parts. By now, the days were mostly grey and very cold. We were wearing all of our cold weather layers all the time. The scenery was still beautiful.

Our mileage - surely a lucky number! 😉

We couldn't get enough of the beautiful views!

Having camped in Watson Lake on the way north, we managed to find a clean motel this time. It kept us out of the cold and we were able to give the bikes a " once over".

However the "restaurants" in town were really poor - Anna managed to create a lovely supper from ingredients available at the local shop.

We set off the next morning for the tiny indigenous settlement of Dease Lake in British Columbia. We counted the vehicles - we encountered 3 vehicles per hour. It was indeed remote. We hoped the bikes would hold up and that we wouldn't need to seek help from the very few passing vehicles.

Dease Lake was tiny but we had booked the only nice motel available. There was no restaurant in the village so supper consisted of pizza purchased in the local petrol station and cooked in the motel kitchen. Happily we were also able to buy a bottle of wine. We were the only "tourists " in the motel. The remaining guests were goldminers working in a remote mine 50 miles into the wilderness. They worked 12 hour shifts around the clock, and were shuttled between the motel and the mine by the team helicopter. There were no roads. We were fascinated by the miners and their tough lives.

We left Dease Lake early the next morning to ride to the glacier-surrounded town of Stewart, also in British Columbia. Stewart was peculiar in that it was only 2 miles from the US (Alaska) border village of Hyder. As well as seeing the glaciers, we hoped to see bears fishing for salmon, the only real reason to visit Hyder.

The ride started beautiful.....

Until we reached several of these bridges - incredibly slippery! Even though we tried to maintain our speed and ride in a straight line, the bikes had other ideas.... Because of the awful surface, the bikes were going to the left I.e. towards oncoming traffic! No fun!!!

We still had a long and wet ride to Stewart, with intermittent views of the glaciers through the very low cloud cover.

It was pouring rain on and off and we were getting fed up with being frozen. We rode past a lodge with a cafe and stopped for a bowl of hot soup. It was wet and muddy, just yuk!

We weren't terribly far away but the weather was getting worse.

Soaked, we finally arrived in Stewart. The town looked miserable with all the rain and dark clouds.

We checked in to a guesthouse run by an Austrian couple.

As both Stewart and Hyder were at the end of a 60 miles cul de sac, Hyder was probably the only place in the US where one can enter from another country without producing a visa and passport. There was simply no way out of Hyder other than to return the 2 miles to Canada (Stewart). A strange arrangement connecting these two tiny (and ultra-scenic!) settlements.

As an idea of remoteness, our guesthouse hosts told us that they would not be around the next day as they were going on their once-per-month trip to the supermarket. It was a 700 km round trip, all of which they did in one long day. Imagine the planning involved for shopping, if you knew that forgetting something meant waiting one month for the next opportunity to buy.

We went for a walk around town - there wasn't much there.

The following day we decided to ride 25km to Salmon Glacier - apparently an impressive one. There was a lot of cloud around and everything still looked soaking wet.

It was very cloudy when we set off.

Riding was wet and muddy so we hoped the views would be rewarding.....

It was not to be! We got to the viewpoint and saw nothing. The mountains and the glacier were covered in thick clouds! The clouds weren't moving away and it was freezing cold so we decided to go back. We didn't want to get stuck on the mountain with zero visibility.

Despite the mud, views were spectacular!

On our way back we stopped at Fish Creek in Hyder, where we hoped to see bears fishing. We spent a couple of hours watching the occasional salmon swimming upriver. But no bears - it was too late in the season.

We decided to return very early the following morning just on the off chance there were some hungry bears early in the day.

On our way back to our guesthouse we stopped at a few places in Hyder worth taking photo of (there weren't that many).

We saw a bicycle with the essentials - water and bear spray!

We left Alaska and chatted with border officials for ages - lovely ladies! 😊

There was nothing to do in Stewart so we had a bite to eat and watched some bad TV in our guesthouse.

The following morning we rose very early to ride the few miles to Fish Creek in Hyder again. We hoped we might be luckier this time.

We got to Fish Creek, waited for an hour and a half and.... Saw nothing. We were definitely too late in the season.

Happily as we rode back to Stewart, a black bear crossed the road immediately in front of us. We had a great view whilst he climbed away from the road 😁👏😁

We went back to Stewart, packed up and set off for the long ride to the town of Smithers, British Columbia. Luckily the weather was (slightly) better as weather rode out and we had good views of several of the glaciers.

We reached Smithers in midafternoon and found away very pleasant town, certainly the most developed we had seen in over a week.

The high point was the fabulous Indian curry house next door to our motel - such a treat!

From Smithers, it was yet another long ride to the city of Prince George, technically the end of the Cassiar Highway.

The high points of the day were the several encounters along the road with black bears - such a special sight 😍

The low point was Prince George itself - it wasn't a city we warmed to. We saw significant drug and alcohol problems on the streets. Combined with an unfortunate choice of motel (grungy!), the overall effect was of a gloomy and slightly edgy city. We were happy to leave rapidly the next morning.

We had a long but spectacular ride to the village of Cache Creek, our final overnight stop before Vancouver. It was a day of lakes, mountains and farms. As we were gradually moving south all the time, this became the first day when we were able to start removing some of our endless cold weather layers.

There really was nothing in Cache Creek, except our (very nice) motel, several petrol stations and a Subway sandwich shop. Figure out where we had dinner!

Our ride the next day was fantastic. The first half of the day was spent riding Fraser Canyon, a truly spectacular road............. and the weather was good. For those of you who watch the Discovery Channel series "Highway Thru Hell" this is the featured road!

After Fraser Canyon, we had a busy and flat 100km into Vancouver. It was Friday evening and traffic was a nightmare from a long way out. We had heard a lot of warnings about Vancouver traffic. Now we had first hand experience!

We were delighted to finally reach the city where we'd planned to spend 3 or 4 days. As well as resting after the long journey from Alaska, we also intended to meet my (James) old friend, Lubna, as well as replace the chain and sprockets on both bikes.

#Post

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mortonsonthemove · 4 years

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Back on the highway, we started to get into the mountains. These high peaks were counting down to winter day by day as snow marched down their flanks. More than once the temperature dipped near freezing and we even saw a snowflake or two. This drive requires that you carry chains or run winter tires from October through April, and that meant we needed to keep moving because September was nearing its end, and we had neither of these. We took a few days to make the 600km drive finding boondocking spots along the way. ⠀ ⠀ 📽 Watch Go North Episode 19 - link in bio!⠀ ⠀ #gonorth #travelnorthernbc #hellobc #cassiarhighway #stewartcassiarhighway #bcisbeautiful #discoverbc #travelbc #drive #roadtrip #homeonwheels #truckcamper #truckcamperlife #livelancelife #sponsored #boondocking #rvlife #rvlifestyle #fulltimerv #rvingtoalaska #alaskabound #gorving #getoutstayout #keepexploring #letsgosomewhere #lifeisanadventure #highway @travelnorthernbc @lancecamper⠀ (at Stewart-Cassiar Highway) https://www.instagram.com/p/B8uASerBBll/?igshid=1jxp5a4uxemz8

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dbestadventurequest · 7 years

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Travis has been driving Long Enough. #roadtrip (at Stewart-Cassiar Highway)

#roadtrip

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rabbitcruiser · 6 months

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Clouds (No. 1125)

Lower Gnat Lake, BC (six pics)

Upper Gnat Lake, BC (four pics)

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explorewiththeembachs · 2 years

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It is day 60 and we are in British Columbia! I’m sad to say our Alaska visit is officially over.

We have been traveling the Stewart-Cassiar Highway south. We caught a glimpse of a cow moose grazing and saw a momma black bear with three cubs on the way. We stayed in Stewart last night - a small town on the coast near the Alaska/Canadian border.

We are headed out to do some bear watching today at Fish Creek Wildlife viewing area in the Tongass National Forest. Wish us luck!

Take a look at this amazing glacier we saw on the way in to Stewart. This is Bear Glacier.

#Stewart #British Columbia #Tongass National Forest

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tripvagando · 5 years

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Day 23th, 24 th, 25th, 26th Cassiar Highway Dawson city - Whitehorse - Watson lake - Mount shadow - Bear glacier - Stewart- Smithers Kilometres 2065 I am making my way back to Vancouver and slowly I am driving south. Along the way I stopped at the Carcross Desert, (accordingly with Lonely Planet it is the smallest desert in the word😊) Emarald lake and Boya lake where I was stunned by the green emerald color of the water. By mistake I took the wrong turn and I arrived in the beautiful town of Stewart, at the border with Alaska. I saw Bear Glacier and drive through this beautiful 37 highway. Now ending back to Vancouver. #canada🍁 #canadadreams #canada_true #beautifuldestionation #travelismylifestyle❤ #trip #travelphotography #beautyallover #traveltheworld #britishcolumbia #vanlife #travelcanada #lovemountain #lovenature #travellingthroughtheworld #travelinavan #lovemylife (at Smithers, British Columbia) https://www.instagram.com/p/Bx9L8BiJgqc/?igshid=jh6lylg0547k

#canada🍁#canadadreams #canada_true #beautifuldestionation #travelismylifestyle❤#trip #travelphotography #beautyallover #traveltheworld #britishcolumbia #vanlife #travelcanada #lovemountain #lovenature #travellingthroughtheworld #travelinavan #lovemylife

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thelastchair · 5 years

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Wayward

(Written by Isaac Walden - March 8, 2019)

I can remember talking to a sales person at a little outdoor store in Eastern Washington; I was no older than seventeen and we were talking about a photo of a mountain that hung on the wall, Abercrombie Hooknose. The sales person said, “so many mountains, so little time.” It resonated with me; a radical looking peak in a range that I didn’t even know existed. That statement was enough to kick start a young impressionable mind into motion.

Since then I have spent countless days thinking about snowfall and mountains, so much so, that if it were in University I’d be a Doctor, or in the private sector, a Journeyman. Countless hours spent looking at weather models and forecasts. Looking at avalanche bulletin after bulletin. I have gone “all-in” on one location only to have Mother Nature call my feeble pocket threes. She throws down wind or the dreaded warm-up, or simply sends the whole house of cards crashing down to the valley with a simple turn of “the avalanche triangle.” Sending me wayward, to look for my story down another road.

In chasing winters coattails, totally unexpected things happen. The memories, time and time again, come from the people you meet. It’s the locals that might think skiing is a ridiculous sport that holds no monetary value, are the stories.

It’s the two cowboys in Elko, Nevada having a casual conversation over breakfast about a few newborn calves that where born with no hair, “it’s the darndest thing…”

It’s the lady in Riggins, Idaho, bare foot in a shirt proudly declaring “drinks well with others” sticking her head out the window of her truck and yelling “ I’m the woman of your dreams” and promptly jamming her exposed foot on the throttle of the late 90’s GMC. The truck shutters and draws a straight line into the snow covered road we had just snowmobiled down. The arrow like trajectory of the truck now interrupted by hub deep snow, bounces and sways in an erratic swimming fashion, until it disappears behind the curves of the mountain road, only to appear again shortly after. The lady stops the GMC, steps out, and breaks into a full on nunchaku demonstration.

It’s the old timers in Hyder, Alaska: Russ, with a short grey beard and cloudy blue eyes who had somehow tricked his wife into moving out of the lower 48. Dean, who spent most of his life in every imaginable corner of Alaska and now seems to pass his time flirting with Russ’ wife; and Bill, a traveling mechanic on the Cassiar Highway, living in the neighboring town of Stewart, but bought a house in Hyder so he didn’t have to pass through BC Customs after the Glacier Inn Bar closes. The three of these guys would come by our camp to check on us daily, usually with a beer in their laps as the drove the five miles of United States infrastructure available to them because that’s what you do in a lawless land locked corner of The Last Frontier. Often, they would find their way to our campfire at the end of the road where they would blast polka “Nufie Music” and tell us tales of winters past.

It’s the geology lesson put on by a guy living in a teepee in Lamoille Canyon, Nevada.

It’s playing pool in the Mineshaft Pub in Bralorne, BC. It’s having beers with the locals at the Yacht Club in McCall, Idaho or the Brick in Rosslyn, Washington or The Village Idiot or Last Drop in Revelstoke, BC. It’s a glimpse into small town North America that will resonate with you.

vimeo

#skiing #powder #backcountry #junkshow media house #last chair #full wingspan #travel #tahoe #yacht club

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andreagillmer · 6 years

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Aben Resources Cashed Up for Big Exploration, Drill Results Soon

Source: Peter Epstein for Streetwise Reports 11/05/2018

Peter Epstein of Epstein Research profiles recent moves by Aben Resources, which is exploring in British Columbia’s Golden Triangle.

The Golden Triangle (GT), in northwestern British Columbia (Canada) is a tremendous place to explore and make precious and base metal discoveries. It’s known for monster high-grade gold deposits, but also hosts silver, copper and other base metals. When one considers the GT, one might think of Pretium Resources’ new bonanza-grade gold (Au) mine. Pretium has an Enterprise Value of about C$2.6 billion. But, there are many prominent players in the GT, including Teck Resources, Barrick Gold, Goldcorp, Newmont Mining, Antofagasta, Hecla Mining, Hudbay, Centerra Gold, Hochschild, Seabridge Gold and SSR Mining.

Past producing mines include Premier, Snip and Eskay Creek. Other well-known mines/development projects include Brucejack, Galore Creek, Copper Canyon, Schaft Creek, KSM, Granduc and Red Chris. Eskay Creek reportedly produced 3.27 million ounces of gold at 49 g/t Au and 158 million ounces of silver at 2,406 g/t. So yeah, this isn’t just a top Canadian jurisdiction, it’s a world-class destination.

New Infrastructure & Discoveries Drawing Attention to Golden Triangle

A very important factor in the GT’s reemergence last year is that to a large extent, success for one player is success for all. For example, Pretium’s (and others)development over the past decade led to very significant improvements in critical infrastructure. There’s the paving of the Stewart-Cassiar highway (Highway 37) north from Smithers, the Northwest Transmission Line, a C$700 million, 344-km, 287-kilovolt power line was finished in 2014 and the completion of a three dam, 277 MW hydroelectric facility ~70km northwest of Stewart. Also near Stewart, year-round access to improved Stewart deep water ocean port facilities.

Of course, wherever there’s blockbuster discovery potential, one will find dozens of juniors hoping to cash in by controlling land reasonably close to the most exciting (existing and past producing) mines and development projects. The GT has its share of those juniors, many of whom are too small to fund the drill campaigns needed to maximize the chances of making noteworthy discoveries. Readers beware, the GT mints both kings and widows, far more of the latter.

On the heels of Pretium’s success in reaching production last year, and exciting new discoveries by companies including GT Gold Corp., Garibaldi Resources, Golden Ridge, Colorado Resources and Aben Resources, the GT is a hot place to be (for at least the third time in its history!).

Aben Resources, Early Stage, Blue-Sky Potential + Well Funded

Of the new discovery companies mentioned above, I think that Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) is particularly interesting. Its three discovery holes in the GT were drilled in 2017, but the company delivered a monster assay from the first hole of the 2018 season. It returned four separate high-grade zones within 190m downhole, including a thin 331 g/t gold over 1m within a broader interval of 38.7 g/t Au over 10m (from 114 to 124m), including 62.4 g/t Au over 6m. The other intervals included 22 g/t Au over 4m, 3.9 g/t Au over 13m and 8.2 g/t Au over 6m. 38.7 g/t Au over 10m, that’s a grade x thickness (GT) of 387, one of the better assays announced in the entire Golden Triangle region this year or last.

Importantly, Gwen Preston, the “The Resource Maven,” put out a very informative and positive report on Aben Resources last week, causing trading volume and the share price to rise. This is a true vote of confidence from a woman with multiple successes, including her backing of Great Bear Resourcesone of the best junior mining stories of 2018.

Still, while the potential rewards are high, the risks are well above average because the region is extremely complex geologically. Complex means that, at the very least, considerable time and capital consuming exploration needs to be done. Adding to the complexity is that, due to its far northern location, most of the camps in the GT can only be explored for half of the year. Helicopters are often required to fly manpower and equipment in and out, so exploration costs are high.

As mentioned, infrastructure in the region continues to improve, a fact well documented in peer group corporate presentations. In speaking with Aben’s management team, I can add to the narrativeAben slashed all-in exploration costs this year to approximately C$235/meter from nearly C$400/meter in 2017.

Management reports an increasing number of service companies in the GT, helicopter service providers, drilling and equipment contractors, etc., and competition is driving down costs. The company was also able to set up camp closer to drill sites, cutting down on flying time.

Cash Is King in Gold Exploration, Aben Resources Is Well Funded

One of the best things Aben Resources has going for it is its substantial cash liquidity, currently at ~C$7 million. Comparing Aben’s cash balance with that of the peers listed below, notice that it has the strongest cash liquidity relative to market cap. Among the peers I would say at least half need to raise capital in the next few months, or certainly before resuming drilling. By contrast, Aben is funded for its next GT drill campaign. At C$220/meter in 2019, a bit below 2018’s all-in costs, it could do potentially 18,000 m (6070 holes) for a total cost ofC$4 million. That’s a serious amount of drilling, more than in 2017 and 2018 combined. Including the 24 unreported holes from this year, that’s perhaps 8090 holes that will reported well into next year.

Although the share price has been disappointing latelydown to C$0.21 from the mid C$0.40s in August after the announcement of the first hole of the seasonwith 24 holes yet to be reported, I think this story could have legs. The weakness in Aben shares came the day after a press release by fellow GT junior Golden Ridge Resources posted news that the market didn’t like, sending that stock plunging.

However, in the case of Aben Resources, in its most recent press release it reported on three holes in the South Boundary Zone, 1.5 km south of where the high-grade results have been found in the Northern Boundary Zone. These holes provide a great deal of information for future drilling next year, but did not hit any blockbuster grades, so Aben shares sold off on the news. CEO Jim Pettit remarked,

“Discovering this new zone of mineralization over 1.5 km from the known high-grade gold mineralization at the North Boundary zone is a significant development for the company and illustrates the robust discovery potential over the relatively untested four km by two km soil geochem anomaly. There is a distinct presence of a very strong and broad mineralizing event that needs to be followed up with more drilling. There has never been any drilling in the South Boundary zone area and on the west side of the valley oriented toward the Kerr fault, so this has truly opened up a whole new area for future exploration.”

The real excitement remains on the open assays from the Northern Boundary zone, host of the best results to date. Importantly, the soon to be reported holes were drilled after the results from the company’s blockbuster hole were known. So, they were targeted based on valuable information. Therefore, I think there’s a decent chance of additional strong assay announcements between now and the end of the year.

Eric Sprott Is in Three GT Plays, His Most Recent Pick? Aben Resources

Eric Sprott is invested in three GT plays: Garibaldi, Metallis Resources and Aben Resources. He knows precious metals better than most and knows the GT extremely well. Mr. Sprott chose Aben Resources over several others he could have backed this year. Importantly, Mr. Sprott invested recently, in August 2018, and paid C$0.30 per share plus warrants at C$0.45. Today readers can buy into Aben at a 30% discount to Eric Sprott’s cost basis. Someone like Sprott’s group, investing at an early-stage (Just two drill seasons in) is likely looking for a pretty large return (commensurate with the substantial risk).

A quick note on Aben Resources’ management and board. I argue that this a pretty strong team for a company that’s funded for next year’s drilling in the Golden Triangle and has an Enterprise Value under C$20 million. For instance, Chairman Ron Netolitzky is, without question, one of the most important modern day figures (dating back to the mid-1980s) in the history of the Golden Triangle.

In addition to Forrest Kerr, Aben has two other promising projects, also in Canada. The Chico Project in Saskatchewan is near SSR Mining’s Santoy and Seabee deposits, and the Justin Project is located in the Yukon adjacent to Golden Predator’s 3 Aces Project. Assuming those projects are worth a combined C$5 million, that means Aben’s Forrest Kerr project alone is valued at {market cap cash + debt value of other projects} = ~C$11 million. That valuation seems quite attractive, especially for a company that’s fully funded for a robust drill campaign in the GT next year.

Think about that C$11 million valuation (for Forrest Kerr alone); that’s a cheap option on a potential development project in the heart of the GT. Please note, Aben did not recently pile into this area play, staking any available ground it could find on the fringes. Management prudently assembled, over a period of nearly three years, what it believes is a highly prospective property, consisting of a good-sized land package of 23,400 contiguous hectares.

Compare that C$11 million to the valuation GT Gold’s main project, Tatogga, a 43,100-hectare property (about twice the size of Forrest Kerr). If one backs out that company’s secondary project, Tatogga has an EV of roughly C$180 million (~16x that of Aben). To be fair, Tatogga has way more drilling on it than Forrest Kerr, for example doing about twice the amount of drilling (18,000m vs. 9,900m) in 2018. Aben is still in the early stages of drilling the first of many targeted zones. Earlier stage, more risk, but more potential return?

Make no mistake, GT Gold is well ahead of Aben and warrants a significant premium, I’m not trying to compare apples to apples. But, Aben has 24 assays remaining to report this year and is funded for 60 or more holes in the GT next year. I think some high-grade hits with good interval widths could begin to close the valuation gap with larger peers.

In all the talk about the prospects of the GT, it’s noteworthy that there’s been some real excitement around discoveries there despite a lackluster underlying gold price (in USD). If one is bullish like I am on gold, a level of say US$ 1,350/oz (+10% from today’s price) next year would do wonders for all gold stocks, but perhaps no other group would benefit more than the GT juniors.

Interview: Ellis Martin Report (October 21). November Corporate Presentation. Interview: October 19th.

Peter Epstein is the founder of Epstein Research. His background is in company and financial analysis. He holds an MBA degree in financial analysis from New York University’s Stern School of Business.

Read what other experts are saying about:

Aben Resources Ltd.

Disclosures: The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Peter Epstein of Epstein Research[ER], (together, [ER]) about Aben Resources., including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. [ER] is not responsible under any circumstances for investment actions taken by the reader. [ER] has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. [ER] is not directly employed by any company, group, organization, party or person. The shares of Aben Resources are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed or registered financial advisors before making any investment decisions.

At the time this interview was posted, Aben Resources was an advertiser on [ER]. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. While the author believes he’s diligent in screening out companies that, for any reasons whatsoever, are unattractive investment opportunities, he cannot guarantee that his efforts will (or have been) successful. [ER] is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. [ER] is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. [ER] is not an expert in any company, industry sector or investment topic.

Streetwise Reports Disclosure: 1) Peter Epstein’s disclosures are listed above. 2) The following companies mentioned in the article are billboard sponsors of Streetwise Reports: Aben Resources, Pretium Resources, Seabridge Gold, Great Bear Resources. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 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 interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Aben Resources, Pretium Resources and Golden Ridge Resources, companies mentioned in this article.

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( Companies Mentioned: ABN:TSX.V; ABNAF:OTCQB, )

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phaseinked · 6 years

Text

Aben Resources Cashed Up for Big Exploration, Drill Results Soon

Source: Peter Epstein for Streetwise Reports 11/05/2018

Peter Epstein of Epstein Research profiles recent moves by Aben Resources, which is exploring in British Columbia’s Golden Triangle.

New Infrastructure & Discoveries Drawing Attention to Golden Triangle

Aben Resources, Early Stage, Blue-Sky Potential + Well Funded

Cash Is King in Gold Exploration, Aben Resources Is Well Funded

Eric Sprott Is in Three GT Plays, His Most Recent Pick? Aben Resources

Interview: Ellis Martin Report (October 21). November Corporate Presentation. Interview: October 19th.

Read what other experts are saying about:

Aben Resources Ltd.

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( Companies Mentioned: ABN:TSX.V; ABNAF:OTCQB, )

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