Northern Vertex - The Next Producing Gold Mine In The USA

Robert Kientz profile picture
Robert Kientz
2.8K Followers

Summary

  • Northern Vertex is a solidly run company in a good mining district.
  • The Moss Mine has solid financial fundamentals on cost and recovery, but this is not a superstar mine based on current resource estimates.
  • Hidden value includes the additional resource potential in the land package and the likely upside swing in the silver price which this mine has plenty of.
  • This is a moderate risk play, comparatively speaking, over a 2-4 year time period with potential for excellent price upside as a bonus for the patient investor.

Photo: Northern Miner

Northern Vertex (NHVCF) is a Canadian mining company that is operating the Moss Mine in the Oatman district, located in NW Arizona. After speaking with company executives at the Vancouver Resource Investment Conference recently, they have nearly completed the mine development phase and expect to start production in Q1 2018, right around the corner. Their project has low all-in sustaining costs (hence AISC), is in a very safe region, is located within a mining district that has produced over 2 million gold ounces, and is run by an experienced management team. Here I will discuss my thoughts on the company and the investment potential.

Management

The number one concern for investors in the precious metals mining space is management. Good deposits often don't make it to production when management mishandles the project, or the costs spiral out of control causing operational losses which leave investors wanting for more.

The CEO of Northern Vertex, Ken Berry, is a former hockey player and Olympian. He is also founder and Chairman of Kootenay Silver Inc. He worked primarily in senior management positions and directorships responsible in areas of finance, business development, strategic planning and corporate restructuring prior to working in mining.

One of the company directors is James McDonald, a geologist with 30 years of experience who is also CEO of Kootenay Silver, Inc. Mr. McDonald founded National Gold which merged with Alamos Minerals for which he was Director of the technical committee until 2012.

Gordon Ulrich, a company director, was CEO of Luscar Ltd. (coal, oil and gas) which had six producing mines at one time and has 40 years of mining experience. Further, Mr. Ulrich has been an independent director of several Canadian resource companies.

David Ferrell, a company director, worked with Endeavor Financial for over 12 years. Christopher Park is

This article was written by

Robert Kientz profile picture
2.8K Followers
Author of DropShadow and founder of Gold Silver Pros @ goldsilverpros.com.I have been analyzing the precious metals markets for over 10 years, and have built relationships with many experts in the field which include miners, geologists, and analysts. My site is dedicated to providing you professional research on the precious metals market.I have spent over 20 years working in the technology sector as both an IT and information security professional. I have a Masters degree in Information Assurance & Security, a Bachelors in Business with an MIS concentration, and an Associates in Applied Sciences in Unix Administration and Cisco Networking. I began my investing career over 16 years ago while completing several investment advisory exams - Series 3, 6, 63, and 7 covering the commodities, insurance, and stock markets. After watching the 2008 recession calamity, I began deep research into the economy and markets where I found solace in the writings of Austrian economists whose theories accurately predict and analyze the issues surrounding currencies and financial crises. I then wrote a book, based upon my own extensive research, entitled Dropshadow: The Truth About the Economy, which is available on Amazon.Shortly after writing the book, I began writing for Seeking Alpha and other online outlets on economic and financial topics and issues. I have focused my market research writings on Seeking Alpha since 2018.In 2018, based upon my deep research into the precious metals, I launched my personal newsletter service for investors @ www.goldsilverpros.com where I provide precious metals investors with research updates and insider intelligence in order to help them better invest in those markets.

Disclosure: I am/we are long NHVCF. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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