Update shared on 18 Feb 2026
A PEA was released on February 10, 2026, concerning 1911 Gold. Most of the figures are close to my initial analysis.
Being conservative in their PEA (as it should be) they have projected a long term gold price of $3,000.
Also in their conservative outlook they have projected long term gold production at 58,100 oz per annum. This negates any growth they will acquire from ongoing exploratory drilling programs, which is why I have a figure of 100,000/ozs.
However most figures fall in line, causing my conservative estimate to tip on the hopeful side ... for a precious metals speculator anyway!
So for anyone wondering, here's the breakdown of what was in the PEA (taken directly from 1911's own news release).
"So why is the share price not higher?" I hear you ask, especially those just getting into this stock.
Well here's the low down, right now they have (officially) about 2,000,000ozs and that includes tailings. History says there's more, I think there's more, but until I see some hard facts I'm not willing to price this company higher.
Now I'm sure it will exceed my projected stock price, but I'm not certain it will exceed my projected stock value, so I'm not going to risk my money on a restart and some imaginary ounces I hope materialize to make my estimates reality.
I'm looking at a little over CAD$4.00 before I sell my second tranche of 50%, having purchased at CAD$0.2150 and sold my first tranche of 50% at around CAD$0.43.
After that I'll reassess the situation and move accordingly. There are stocks that I believe are undervalued more so than 1911, however they will all receive the same treatment in my portfolio.
Right now Mr Market is having a depressive phase, a 30% drop in silver, and gold was hit by nearly 20%. Then Chinese New Year started and the metals markets have closed in Shanghai.
Right now, imho, is a buying opportunity in mining stocks. I believe that sometime in March, post CNY, Shanghai will reassert itself and stocks will follow the metals, I also believe stocks will catch up to and overtake the metals sometime this year ... but that's just my opinion.
Good luck people.
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