Reyna Gold Drilling Sonora for Gold in February, Now Trading

Source: Bob Moriarty   01/25/2022

Bob Moriarty of 321 Gold explains why he is an investor in Reyna Gold, an explorer with projects in northern Mexico that began publicly trading earlier this month.

Some fifteen or eighteen years ago I was in Mexico visiting a silver project when Barb got a phone call and asked if I could extend my trip to meet with a geologist for a few days drive around Northern Mexico. I said, of course. I flew to Mexico City and met Dr. Peter Megaw. Peter started MAG Silver Corp. (MAG:TSX; MAG:NYSE American) and vended some of the best silver projects in Northern Mexico into the company. In the many years since then MAG Silver has been a giant success story.

The three days Peter and I drove around were the most interesting in all the hundreds of trips I have made before or since. Peter is a polyglot speaking English, Spanish and Swedish. He is of the top crystal experts in the world and a major player in the Tucson Gem Show that begins on January 26th.

He has written dozens of papers about mining projects in the Southwest and Mexico. He is the expert on Mexico having been reviewing data forty years ago when Mexico mining was still closed to foreign juniors.

While MAG Silver was charging ahead at full speed the company lacked the people and bandwidth to move all of their excellent projects forward. So they spun off a number of silver projects that I walked almost two decades ago into Reyna Silver Corp. (RSLV:TSX.V; RSNVF:OTCMKTS).

Anytime the management team of a junior wants to advertise on 321gold.com, the ones where Peter is part always call or email me and want to set up a meeting with him. My response is always the same.

What the hell am I going to teach Peter Megaw about anything? He knows fifty times as much as I do and that doesn’t bother me at all. So when Reyna Silver wanted to raise money I bellied up to the bar and threw my $20 gold pieces down. I am happy to participate in any project or company that Peter is part of without question.

So the same management team behind Reyna Silver listened to Peter when he pointed out that he had some world-class gold projects in Northern Mexico.

Why not throw them into a shell and call it Reyna Gold Corp. (REYG:TSX.V)? So they did. They company began public trading on January 11^th of this year.

The company has been as high as $0.46 and as low as $0.32. A large part of the price movement is simply because investors don’t know the story yet. Reyna Gold announced great surface samples two weeks ago. They have a $22 million market cap with $11.3 million in cash. Drilling on the La Gloria begins in February.

Reyna Gold is a zero brainer. The greatest geologist in Mexico backs it. That’s all you need to know. With an enterprise value under $11 million what else is important.

Reyna Gold does need to get a US symbol so American investors can buy. That is important. They are cashed up, well-managed and drilling next month.

Reyna Gold is an advertiser, I participated in the past PP and naturally that makes me biased. They have a good presentation, watch it. And as always you are responsible for your own due diligence.

Reyna Gold
REYG-V $0.34 (Jan 25, 2022)
67 million shares
Reyna Gold website

Bob Moriarty
President: 321gold
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321gold

Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

Disclosures:

1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Reyna Gold and Reyna Silver. Reyna Gold is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.

2) The following companies mentioned are billboard sponsors of Streetwise Reports: Reyna Gold and MAG Silver. Click here for important disclosures about sponsor fees.

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.  As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Reyna Gold, Reyna Silver and MAG Silver, companies mentioned in this article.