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Lab Report | Oct 8 Deep Dives on Decade, Onyx, Revival, and Algo Grande

CEO.CA Oct 8, 2026 1:12:02

Summary

Price reaction is noise: the host reads value from discoveries and says only assays confirm grade, not visual core.

Decade's Bonaparte project in British Columbia hit porphyry in every hole reaching bedrock, with assays still pending.

Onyx Gold found sediment-hosted gold three kilometres south of Argus, extending the search along a northeast-trending Abitibi fault corridor.

Revival Gold's high grades holding near 800 metres depth support continuity at Joss, ahead of a targeted 2027 PFS.

Algo Grande's skarn — rock the intrusion has altered — points to a deeper porphyry, with gravity surveys set to target drilling along a seven-kilometre corridor.

Key points on Mcewen Mining Inc

  • The host says Onyx's new Flipper gold zone sits on a northeast-trending corridor he believes extends several kilometres from the Tamarack deposit on the adjacent McEwen Mining property, through Flipper, to the historic Stewart Abate mine.
  • He also points to McEwen's Black Fox complex as a large Abitibi system on the same map, using the surrounding mines as context for why he thinks Onyx's discovery is regionally significant.

Key points on Revival Gold

  • TOP: The host says Bear Track/Arnett drilling intersected 8.4 g/t gold over 6.2 m and 8.5 g/t over 3.4 m, and that what matters most is the support this gives for continuity of the mineralised structures at the Joss underground deposit - grade plus continuity, not grade alone.
  • He points to the depth of the results - high grade at about 799 m, another 8.45 g/t intercept at 555 m and 2.2 g/t over 49.5 m - as fitting orogenic systems with deep roots that suit underground mines, drilled here with wedge holes off vertical mother holes.
  • He declines to place Revival on his Lassonde curve, saying he does not know the project well enough and will wait for more assay results, while noting it is the more advanced company in the episode and moving out of the development-discount window.
  • The Merkur project comes up mainly through investor sentiment he reads out: optimism about a rerating as a targeted 2027 preliminary feasibility study approaches, with debate over metallurgical recoveries, project economics and possible M&A interest.
  • On trading he notes a roughly $218 million valuation, average volume near 298,000 shares a day, and that the buy side looks stronger than the sell side, which he reads as a possible new bottom.

Allan Barry Laboucan's takeaways

  • Top takeaway TOP: He argues share price is a poor proxy for value - investors read a rise or fall on news as good or bad, but he wants listeners to judge what a company's geology and drilling actually show instead.
  • He uses Decade's release as a teaching case, spending a long stretch explaining porphyry systems - the giant two-litre Coke bottle, alteration halos, and hydrothermal breccia as a permeable sponge - for a general audience.
  • He sets out a recurring rule that grade plus continuity is king, applying it to Revival Gold's deep Bear Track/Arnett intercepts rather than celebrating grade alone.
  • He rates each name against his Lassonde curve: Decade priced far to the left of his sweet spot, Algo Grande still treated like a concept stock despite drilling, Onyx only about a quarter of the way in, and Revival left unplaced until he has done more homework.
  • He repeatedly dismisses the AI-generated negative sentiment in the video feed as generic boilerplate applicable to hundreds of companies, and argues juniors with weak digital marketing end up with lower volume and a higher cost of capital.