Hi TheGoldAdvisor readers,

Lots of news this week, as companies like to release updates around PDAC so they some good things to talk about at the granddaddy of mining conferences. Here's what took place this week...

TUESDAY

This company renegotiated an agreement that would've required a payment of $8.9 million in May, which now gives them time to advance both their projects. See what this means for the stock in my view: P2 GOLD

It looks like more good assays could be coming from drilling at this company's New Mexico project, as visual inspection of drill core once again signals high mineralization. A lot happening with this company in 2023: SUMMA SILVER

WEDNESDAY

This company is in development but just announced a 20,000 meter drill program that looks like it could add ounces to an already big deposit that's a top takeout target:BENCHMARK METALS

Exploration has begun at this company's Mexico project, which will pave the way for drilling. A very cheap stock: AZTEC MINERALS

A 2nd press release this week from a company that acquired additional claims around their highly prospective BC project. This is the first stock I have rated a Major Buy: P2 GOLD

More strong drill results from the team's Yukon project. The map shows how much potential remains here and the unique opportunity for us investors: SNOWLINE GOLD

Some negative news from this company, resulting in our first Hold recommendation. But don't dismiss this stock; not only does the CEO have everything at stake, the project will advance this year: CABRAL GOLD

THURSDAY

No company news but a few important things to pass along...

1) Don't chase stocks! You may have seen P2 Gold shoot up yesterday after my "major buy" recommendation, at one point as much as 85%. Whenever you see this don't succumb to the temptation to chase it. There's almost always a pullback, so let 'er cool and try a bid below market on down days. This is one of the commandments in PAYDIRT, see section 6 starting page 135. 

2) Westward Gold. I met with CFO Andrew Nelson and VP-Exploration Dave Browning at PDAC. The main thing we talked about was page 15 of the presentation... see all the red arrows marked "open" and all that empty purple space on the right? Dave explained the team has spent the last 18 months planning to attack this area, and now the first drill is going right down the middle of it. We don't know what they'll find yet of course, but a big hit here is the kind of thing that can be a company maker. They mentioned majors are watching, Barrick itself working just 300 meters away. This is an exciting new pick I'm glad I own.

3) Benchmark Metals President Jim Greig is hosting an investor update on March 13 at 10am pacific, and we're all invited. This will be the latest on the company so if you own shares or are considering adding this takeout target to your portfolio, you can join the Zoom meeting here: https://metalsgroup.zoom.us/j/81028770797?pwd=T0RsM2FwZXpjd3Ywa0lUb2orVmgxZz09. Meeting ID: 810 2877 0797; Passcode: 406959.  One-tap mobile: +16892781000,,81028770797#,,,,*406959# US; +17193594580,,81028770797#,,,,*406959# US

Have a good weekend, everyone!