StrikePoint Gold: Nevada’s Next Big Gold Discovery? | Mike Allen & Robert Sinn
Metals Investor Forum Oct 8, 2026 11:05
Summary
StrikePoint Gold closed a financing that CEO Mike Allen sizes at $190 million — unusual cash depth for a junior explorer.
BlackRock holds just over 10% after joining an upsized round, alongside London family offices Tembo and Athaka.
Two of five drill permits come first, targeting one core rig and one RC rig on site by year-end.
The 4.4 million ounce resource is capped by drill density rather than geology; infill could push it toward 6 million ounces.
Bull-case upside lies beyond the pit, benchmarked against Nevada Gold Mines' 32 million ounce Betsey Post deposit.
Key points on Newmont
- Newmont is named only as the seller of the Northumberland project, with Allen confirming that StrikePoint has taken ownership of the asset.
Robert Sinn's takeaways
- Top takeaway Sinn says he bought StrikePoint shares the morning of the October 2026 interview and sees the roughly $2 level, against an earlier 20 cent price, as an opportunity, while attributing selling to holders anchored to the old quote.
- He says he will be on the ground at Northumberland within a couple of weeks and closes the interview by pressing Allen on how large the deposit could become with more drilling.
Mike Allen's takeaways
- Top takeaway Allen's core thesis is that Northumberland is constrained by a shortage of drilling rather than by geology, so a 4.4 million ounce resource could grow toward 6 million ounces on near-pit work alone, with regional exploration raising the 10 million ounce question.
- He treats the untested eastern limb of the anticline as the most interesting target: it is buried under cover sequence and has never been drilled, but if the same system is present he says it would be big.
- He deflects direct questions about how large the deposit could become, declining to put a number on it and preferring that the drilling results speak for themselves.
- He argues the resource still has a lot of growth to do before reaching the scale of Nevada Gold Mines' 32 million ounce Betsy Post deposit, but says even a third of that size would be fantastic and that the project is already significant in Nevada.
- He attributes investor interest to jurisdiction, resource size and the quality of the team, which he says is what allowed the company to raise its capital.