Checking out Curzio’s “Make 10x Your Money From My Wyoming Trip” Gold Stock

By Travis Johnson, Stock Gumshoe, February 5, 2021

I haven’t looked at a teaser pitch from Frank Curzio in a long time, and I’ve actually mostly lost interest in his podcast over the past few months, too, though I’ve enjoyed that for years (I think that was probably mostly because the rants kicked up a notch with the election silly season, so I’m sure I’ll give it another try eventually), but we did have some reader questions about his latest gold pitch… and gold is falling this week, so maybe that will make for an interesting opportunity.

The ad is for his Curzio Venture Opportunities letter ($3,000/yr, no refunds), which is the small-cap “upgrade” letter from Curzio Research, and it’s a tease about a junior miner. So let’s get into the clues, shall we?

This is the lead in, including a couple clues:

“I want to talk to you today about a tremendous opportunity we have in the junior mining space.

“I’ve been tracking this company for a while.

“One of the cofounders is actually a good friend of mine.

“And I’ve become friends with all of its key people…

“Including a board member who once served as Secretary of the Interior….

“And is now lobbying on behalf of this company to start production on…

“What is…

“Without question…

“The most resource-dense piece of land I’ve ever seen in person.”

Oh, man, and that sounds awfully familiar already… but let’s keep going, more hints?

Well, Frank does say that he’s personally invested in the company, and that he sees potential 1,000% gains, but the urgency of the pitch is that he expects some news…

“I expect a critical report to come out very soon that could send this stock soaring.

“No this is not insider stuff… its just common sense based on data that’s already public.

“But most people don’t know about it.”

And then we get some clues about the people involved in the company, like some guy referred to as “LN”…

“I first met LN on a fishing trip with colleagues in 2011.

“He had started a gold company and thought my team and I would like to have a look….

“The day I recommended the stock it was trading at 70 cents a share.

“Over the next few weeks…

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“The company started reporting a slew of favorable test results on their flagship prospect.

“Less than four months after I recommended the stock, it was up 324%.”

And a second more recent addition to the team…

“Then I learned they recently hired resource legend GB as the new President and CEO.

“You have to understand…

“GB was a mine developer for the premier mining companies in the world…

“Including Rio Tinto, Anglo American, Kinross Gold, and Barrick.

“In fact, he developed and managed the biggest gold project in North America.

“This mine produced over 70 million ounces of gold.”

And then a few hints about the company, with a bunch of other famous initials thrown in…

“This company’s market cap is under $150 million.

“20% of its stock is owned by insiders, which means they have big stake in the game.

“And the insiders are a “who’s who” of the mining world.

“Along with the people I just mentioned, there’s RS, another top guy at the firm.

“He was a member of the board of governors for the U.S. National Mining Hall of Fame…

“And the board of directors of the Canadian Mining Hall of Fame.

“There’s also Executive Chairman EK—who founded several international investment banking firms—with a focus on miners.”

And what’s that news that Curzio sees coming? He drops some hints…

“… this asset will be re-rated from a small, speculative exploration project…

“Into a high-grade gold mine that could start producing over 100k ounces of gold in less than four years….

“Three years ago, Mine Development Associates—top geologic services firm for the mining industry—provided a preliminary report of the potential value of this Wyoming property.

“Based on drill results at the time… and a gold price of around $1,300…

“They estimated the value of this property at just under $180 million.

“That’s more than DOUBLE the current market cap of the company…”

And the company also apparently has a more recent internal summary of their upgraded economic prospects, at higher share prices, and Curzio says that gives the mine a Net Present Value (NPV) at a 5% discount rate of $321.6 million, assuming a $1,600 gold and $2.80 copper… so Curzio makes his own forecast to get us to that 1,000% return number he teased:

“My own calculations put the total value north of $600 million.

“That means the company… based just on this property alone…

“Could easily be worth 10 times its current market cap.”

That new report that Frank is expecting is the pre-feasibility study, which is basically the final economic assessment a mining company makes before it gets to the final feasibility study that they take to the bankers to try to borrow the cash they’ll need to actually build the mine. Those other numbers, the total project value estimates, would have come out of the Preliminary Economic Assessment, which is an earlier step and can be based on measured and inferred resources (the PEA is really just a “does this project have a chance of making economic sense” assessment), while later and more precise pre-feasibility and feasibility studies will have to be based on proven and pro