The three largest landholders in Nevada are Barrick, Newmont, and Kinross, collectively holding 44,000 claims (880,000 acres).
On an annual basis this costs these juggernauts $9.7M to hold, collectively. Compared to revenue from operations, this amounts to a rounding error, disincentivizing exploration activities and joint venture partnerships.
Discoveries are made through sizable drilling budgets and a bit of luck.
With no deals being done by majors and minimal exploration expenditures, it is time for a nimble company to take a commanding position and structure deals that will result in the most money being spent on that ground.
Acquire ground through staking
Obtain historic data and build a compelling exploration narrative
Find partners to explore, develop, and drill
As money comes pouring back into the sector with higher gold prices, Nevada King will be positioned to provide Venture companies with high quality, well packaged projects, ready for exploration and drilling.
The likelihood of a discovery is directly correlated to the amount of money spent in the ground and the amount of ground a company controls.
Becoming the storefront for junior mining
companies looking for their next great project.
Current position is worth $17M
(Dividended out to Nevada King shareholders
in January 2020)
Acquired Iron Point Project for its gold potential for ~$200,000
Uncovered old data exposing a large-scale vanadium prospect
Nevada King (previously Casino Gold) signed a deal to option project to Paul Matysek’s Victory Metals (TSX-V:VMX) for $14.7M in stock, retaining a 1% NSR
Nevada King holds a 1% fixed NSR on Iron Point