Gold and Silver and Hard Assets after Trump’s Inauguration…2017MAKE YOUR PORTFOLIO GREAT AGAIN !
This thread is a continuation of several threads posted previously by the author on gold and silver and hard asset investments. I am still a believer in hard assets. I also believe we are entering a period of inflation with continued dollar devaluation, higher interest rates, and a sluggish economy with chaotic dislocations. I believe there will be a lot of uncertainty and high volatility.
PURPOSE My intent is to find and discuss good mining and commodity ideas. Gold and silver remain a focus, but I want to achieve a more balanced approach still based on tangible commodities.
STEEL and IRON ORE…I believe Trump’s programs will benefit iron ore and steel. Stocks in this sector have been beaten down terribly but are rebounding. I am long VALE, a Brazilian company which is the world’s largest iron ore producer. I have been long Arcelor Mittal but do not have a position at the moment. Anybody know anything about cement and asphalt ?
COPPER, ZINC, PGM METALS…My very best conviction stock is Ivanhoe Mines IVPAF. I am completely comfortable with a large single position in IVPAF to cover these metals. However other investors may be uncomfortable with a small cap in sub-Saharan Africa. So I think it is beneficial to introduce other names even though I myself am not interested. Rio Tinto, Freeport-McMoran, Teck, Turquoise Hill, BHP and others come to mind. Travis, our host, is long Altius Minerals, and I have been also.
URANIUM…I’m bullish but the choices seem pretty limited. My top three investment-grade choices are Cameco first, then Cameco second, or my third pick would be Cameco. After that, you are speculating on small caps, or buying ETFS or funds comprised of Cameco and some small caps. At the moment, I am long Cameco and UEC.
LITHIUM…I am considering a long position in lithium. I have nothing to recommend at the moment, although I am strongly considering Galaxy, an Australian company. And I like Neometals, also an Australian, but it is difficult to get from my broker, who hates it when I want to buy obscure 50 cent companies on small foreign exchanges. If anybody’s got a great battery play, I am interested.
POTASH/FERTILIZER…very interested but they all seem pretty expensive. There has been consolidation but I have considered Agrium, Mosaic, and there is a German company whose name I forget at the moment (K&D? K&S?).
OIL AND GAS…I would like some very good conviction picks accompanied by strong reasons and decent research. This field is so big, we could get completely lost just tossing names around. I am somewhat worried about price weakness in the energy sector but feel that it is worthwhile to develop a point of view on a few companies. I have little experience although I made very good money in the past on XOM and CVX. Currently I would be interested in pipelines, LNG, or any other sector that someone knows something about. In natgas I like OGZPY.
SOLAR and WIND…really not too interested. The results depend too much on politics, the time frames seem too long. But I am not completely closed-minded on it if you have conviction on something.
COAL…same opinion as solar and wind, but the prices are low and depressed instead of hyped and high-flying. I am still stuck with some defaulted Arch Coal bonds that my financial advisor recommended. They went to ZERO. Now they are worth a Starbucks latte and a pastry. And no espresso shot in the latte, either.
AGRICULTURE…very interested. A large sector but really not too many choices if you rule out futures, like I do. I have a few obscure favorites, but no positions at present:
WHGPY (Chinese pork processor who bought Smithfield)
LAND (Gladstone Land, California farmland)
INCPY (Input Capital, a Canadian canola, streaming model).
Open to more conventional picks like ADM and DBA.
GOLD AND SILVER…my picks have been discussed at length previously. I follow these pretty closely. I am long royalty/streamers SAND, FNV, SLW, and OR; miners PVG, MAG; developers SA, CLASF, MRDCF, BALMF, KNTNF, and LXVMF; and I own PSLV and physical bullion. I swing trade big caps ABX and NEM.
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DISCLOSURES. I am a retired executive and an amateur investor. I like both fundamental and technical analysis. I am a medium-term to long-term position player and prefer to discuss stock investment in that context. Please no minute-by-minute reports that oil is now 52.50 down 10 cents and the Iranians may suspend Ramadan next week so you are going long until the afternoon bell.
I am not an expert in any of the commodities discussed nor am I qualified to give advice.
Everyone makes mistakes and I make more than my share.Sometimes I change my mind.
When I post, I express my opinions and my positions. These are just that…they are my opinions and my positions. They are not advice or recommendations, which I remind you I am unqualified to make.
Opinions and positions are subject to change at any moment. That is quite unlike the pig-headed and foolish political convictions everybody carries around adamantly, and which change only rarely for unpredictable reasons that have nothing to do with logical thought or reasoned discussion.
Because of this, political developments can be introduced on this thread only when they have a clear bearing on the commodities or companies under discussion.
You are responsible for your decisions, and I am responsible for mine. Caveat emptor.
I would like to operate in a friendly, honest, and constructive atmosphere.
As thread moderator I reserve to myself the role of referee, censor, arbiter, and Grand Poobah, subject to the over-arching authority of Travis, who owns the site and who has on occasion exercised his right to ruthlessly censor and suppress my radical blatherings.
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
hn any opinion on Skeena Resources?
https://www.skeenaresources.com/
Got an option available, Snip.
Low price, might be interesting…
Thanks.
Yes, it is a decent good speculation and I considered it. In the end I ruled it out because of the following factors:
It is a very small and specific claim, and could be very good; but it is a small leftover piece of the claims by Seabridge and Colorado Resources. It looks to me like they held out when Seabridge was acquiring claims in the area. The main guy is an old-time prospector, and he probably still has conviction in the claim, and couldn’t get a satisfactory deal from Seabridge.
I felt that I had enough of the geography covered, with Seabridge, Colorado, and Pretium. If you look at a map of the claims in the area, you will see that these three resources cover the region very well. The extra dilution of another position did not seem to be worth it, even though there is a chance Skeena will strike gold again.
Thanks hn
No position.
$KLDGF – formerly Newmarket – TORONTO, ONTARIO — (Marketwired) — 01/30/17 — Kirkland Lake Gold Ltd. (“KL Gold” or the “Company”) (TSX:KL)(OTCQX:KLGDF) is pleased to report new exploration drill results from surface and underground drilling at its Taylor Gold Mine Complex (“Taylor”) located in Northeastern Ontario; situated along the prolific Porcupine Destor Fault (the “PDF”) which is host to numerous gold deposits. The Company controls an extensive land package extending approximately 120 km along the PDF, a portion of which hosts Taylor. At Taylor, the Company has currently identified three major mineralized deposits along the PDF which include: (i) the West Porphyry Deposit (the “WPZ”‘) which contains the majority of the Mineral Resource and Mineral Reserve estimates in the middle of the property and where active mining currently takes place; (ii) the Shoot Deposit located to the west of the property; and (iii) the Shaft Deposit located on the eastern side. (see Figure 1 and 2 below).
http://www.klgold.com/investors/news-and-events/news-releases/news-release-details/2017/Kirkland-Lake-Gold-Reports-New-Discoveries-and-Extensions-to-Mineralization-at-the-Taylor-Gold-Mine-Complex/default.aspx
no pos
HN
When you have a minute can you look at TABLE 1 at the end of the news release and give us your thoughts?
I have a position in Kirkland. Thanks
Hi Hedy, I am not a geologist but my impression of the table is that the drill results are noteworthy, and they have the special advantage of being located near the existing discovery. So if you are long, good for you, it is encouraging and confirms viability.
This company was a favorite of Myron Martin, he recommended it at least a year ago; it has never been on my radar because it was already a very well-known ticker with lots of coverage. No position
Thank you!!!
hn, you said “this company was a favorite of Myron’s”. Hopefully nothing has happened to Myron.
Regards,
Frank
Myron has been posting on other threads so I think he is OK. He’s a lot knowledgeable and experienced than yours truly on gold miners. He has a great amount of expertise and I respect his opinion.
He just has refrained from posting new feature articles or commenting on this thread.
KLDGF I recently took a position in this company, and am doing well [up 16% in about a month]. The recent merger upgraded them to mid-tier, and I got the feeling that they were hoping this got them more interest from the large funds. My impression was the merger brought together complimentary expertise that could be leveraged by both sides. I didn’t see the market really price that in, it seemed unimpressed that there was quantifiable synergy between the companies. My instinct said jump on it, and with a little downwind from the gold rally, so far, so good.
There’s a new Canadian stock-market crush
https://beta.theglobeandmail.com/globe-investor/investment-ideas/theres-a-new-canadian-stock-market-crush/article33822450/?
ref=http://www.theglobeandmail.com&
You heard it here first !
$CLASF Colorado Resources…long…Something is up.
The stock is breaking out, it hit 24 cents today after touching 16 cents a few weeks back, I searched for news and could not find any.
Lithium pick: Galaxy Resources GALXF, long today at 46.5 cents, half position.
My knowledge of lithium and related stocks is very limited, but after some tire-kicking I have taken a small position in Galaxy, an Australian-based producer.
It is my first entry into the lithium sector.
***
Most of my opinions were formed from presentations by Anthony Tse, CEO of Galaxy, who has made essentially the same presentation to a few recent investor conferences. I recognize his bias to promote the stock, but nonetheless I found his data very educational. I formed the judgment that he is a very capable individual and his data and opinion are credible.
Stock/company info and summary: Galaxy is in production., just recently they started shipping from the Australian facility. They have sales and customers and Tse has excellent connections in China. Besides the hard rock operation in Australia they have brine assets in South America. Galaxy had terrible financial problems a few years back that Tse has apparently cleaned up. Market cap is about 800-900 million.
The stock price has recently doubled, no doubt partly on account of Tse’s presentations to investor groups. Tse has an important stake. The company has some debt but it does not appear life-threatening.
The company profits will be highly leveraged to the price of lithium, and there are both immediate cash flow windfalls and optionality opportunities in the stock.
Lithium fundamentals: lithium has many uses in industry, but the main demand driver will be batteries, particularly in transportation. Tse makes some very interesting points about lithium demand and supply.
First, electric vehicles will increase demand tremendously
because they are a national strategic issue in China, which wants to reduce reliance on imported oil. Tesla gets headlines, but Chinese authorities at many levels are
setting high unit targets for deployment of lithium-battery powered busses, bicycles., and cars. Even a partial accomplishment of these objectives will have dramatic impact on lithium demand. As I have stated elsewhere, I want to own what China wants to buy.
Second, personal electronic devices will use more lithium on a per-unit basis as battery life is extended on new versions. So consumer device useage of lithium will rise without dramatic increases in unit sales of electronic devices.
Third, the demand for lithium on the manufacturing side is fairly inelastic when lithium prices go up, because the lithium cost component in batteries is fairly low. This is similar to the situation with uranium…it doesn’t matter too much when the price goes up, the manufacturers MUST have it, and the price increase on the lithium doesn’t figure too much in the finished products.
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Notes on the Supply/demand on lithium…there seem to be lots and lots of lithium speculations and producers one could pick. There are many articles on lithium production possibly increasing too fast; some articles and news releases I have seen predict a massive oversupply of lithium. The retort is that demand will grow faster than supply, and a lot of the projects will raise a lot of investment capital but not come into production very quickly, if at all.
The brine operations cannot ramp up production quickly to take advantage of price spikes. Also the market for lithium is not very transparent, most of the transactions appear to be large contracts between suppliers and users. Thus management foresight, competency, and shrewdness will be very important in procuring clients and making the correct sales commitments. I have confidence in Tse on these vital points, and Galaxy has both brine and hard rock production.
***
I expect a bumpy ride, because there will be a lot of erratic imbalances with supply and production, plus the contract pricing schedules are unknown. I expect spikes and crashes. But I don’t think Galaxy will be crashing much below 40 cents, if at all.
Long GALXF
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A few notes on other picks: I looked briefly at a number of other companies
but Galaxy had fewer unknowns. The main points were that they are not a “project” or an exploration/production speculation, they are in production; they have brine and hardrock operations; they have customers; and the management seems to be astute.
In second place was Neometals, but it is not easily tradeable. I like the management less than I like Tse, but they have some good patents and their production offtake is all set.
***
If anyone can blow up my ideas on this, I would welcome hearing the contrary point of view. I did not do a detailed background check on Anthony Tse. Maybe he is a fraudulent stock huckster wanted on Interpol for securities fraud.
Sold positions…nothing wrong with them, but I sold off Balmoral and Lexam to raise cash and buy a little lithium. I have plenty of coverage in gold and zinc, and I was not going to increase positions in Balmoral and Lexam to levels where they could impact my holdings.
Resisted multiple temptations to cash out some Ivanhoe, Arch Therapeutics, and Colorado Resources.
Still with unscratched itches to increase cash, silver, uranium, steel, tech, and agricultural positions.
Some of this has already been reported, but this is from Gerardo Del Rio of The Outsider Club:
Ivanhoe Mines (TSX :IVN)(OTC: IVPAF)
The Kamoa-Kakula project continues to grow.
On January 23, 2017 Robert Friedland-led Ivanhoe Mines announced assay results from another 25 holes as part of the ongoing 2016-2017 drilling campaign near the mining center of Kolwezi in the Democratic Republic of Congo (DRC).
Highlights include:
DD1093, a step-out hole drilled 1.6 kilometers northwest of the current boundary of Kakula’s current Inferred Resources, intersected typical Kakula-style mineralization similar to holes drilled in the centre of the high-grade Kakula Discovery. The hole intersected 11.10 meters (true width) of 5.82% copper at a 3.0% copper cut-off, beginning at a downhole depth of 993.0 meters; 11.10 meters (true width) of 5.82% copper at a 2.5% copper cut-off; 11.90 meters (true width) of 5.57% copper at a 2.0% copper cut-off; and 12.88 meters (true width) of 5.26% copper at a 1.0% copper cut-off. A photograph of the mineralized intersection in hole DD1093 is shown in Figure 10.
DD1080, drilled 1.0 kilometer northwest of the boundary of Kakula’s current Inferred Resources, intersected 4.49 meters (true width) of 8.51% copper at a 3.0% copper cut-off, beginning at a downhole depth of 857.6 meters; 4.99 meters (true width) of 7.96% copper at a 2.5% copper cut-off; 4.99 meters (true width) of 7.96% copper at a 2.0% copper cut-off; and 10.23 meters (true width) of 4.75% copper at a 1.0% copper cut-off.
DD1065, drilled 300 meters northwest of the boundary of Kakula’s current Inferred Resources, intersected 6.24 meters (true width) of 6.44% copper at a 3.0% copper cut-off, beginning at a downhole depth of 638.0 meters; 7.24 meters (true width) of 5.96% copper at a 2.5% copper cut-off; 8.39 meters (true width) of 5.43% copper at a 2.0% copper cut-off; and 8.39 meters (true width) of 5.43% copper at a 1.0% copper cut-off.
Executive Chairman Robert Friedland stated:
“It is remarkable to drill a step-out hole more than 1.6 kilometres beyond the limits of the previous mineral resource boundary and intersect almost identical, high-grade, chalcocite-rich mineralization.
The open-ended nature of the extremely high-grade copper mineralization at the unfolding Kakula Discovery certainly has caught the attention of the mining industry. The ongoing results speak for themselves – and leave me speechless.”
Nine rigs are now drilling at Kakula, focused in the northwest resource expansion area, where the aim is to initially infill an area of 2.6 square kilometers immediately northwest of Kakula’s current Inferred Resource boundary. Infill drilling of Inferred Resources is ongoing in the central section of Kakula. To the southeast, step-out drilling is continuing to explore extensions of the Kakula high-grade zone along trend.
Ivanhoe Mines is advancing its three principal projects in Sub-Saharan Africa: Mine development at the Platreef platinum-palladium-gold-nickel-copper discovery on the Northern Limb of South Africa’s Bushveld Complex; mine development and exploration at the Kamoa-Kakula copper project on the Central African Copperbelt in the DRC; and upgrading of the historic, high-grade Kipushi zinc-copper-lead-germanium mine, also on the DRC’s Copperbelt.
Still not in $IVPAF, but I’m anxious.
Regards,
Frank
Frank, what are you waiting for ? The mining industry’s best executive said the results leave him “speechless”. They are intersecting continuations of 5% copper dozens of feet thick 1.6 kilometers away from the inferred resource boundaries.
hn, I’ve had a stink bid in at $2.75 for the last week. If it doesn’t fill, I’ll have to acquiesce.
Regards,
Frank
Erdene Announces $10 Million Bought Deal Financing
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1079-tsx/erd/28786-erdene-announces-10-million-bought-deal-financing.html
Long TSE:ERD
Several basic materials, PM, companies presenting at NobeleCon13 today where #ZKSS is attending as well: https://www.noblelinx.com/presenters.php
#ZKSS live blog thread: http://www.stockgumshoe.com/2017/01/noblecon13-live-blog/
TSX-V: GGG $0.18 OTCQB: GPHBF $0.14
Graphene 3D Lab Joins Forces with National Association of Manufacturers http://www.graphene3dlab.com/s/news.asp?ReportID=776932&_Type=News&_Title=Graphene-3D-Lab-Joins-Forces-with-National-Association-of-Manufacturers Home http://www.graphene3dlab.com/s/home.asp
Ivanhoe Mines
More good news for Ivanhoe:
http://www.mining.com/nickel-price-picked-as-2017-winner/
This is yet more good news, not new, OK 2months old but relevant regarding Kakula. It’s from the 11/28/16 Kipushi conference call on exploration opportunities which as stated below – would be held totally by Ivanhoe Mines. –
We hold about a 460 square kilometer mining licence, which holds essentially a perpetual mining right. Everything developed on that licence would be subject to this new agreement with the Congolese government and in fact with Zijin, our current partner. Outside of that area we hold a lot of very important proprietary geological information about where there very well might be additional Kamoas or Kakulas. However, all of that work would be only for our own account, subject to the government’s interest of 5% under the 1912 mining law. So we do have a broad regional interest in exploration which would be held totally by Ivanhoe Mines and would not involve our joint venture with Zijin or in fact this new agreement with the Congolese government. And in future I hope we can tell you more good news about where we hope to find more Kakulas.
Ivanhoe Mines…again
Maybe not best coverage of the company, but I’ll share the link anyways. What’s positive is that the public coverage is increasing, and that could boost the price near-term.
https://www.bloomberg.com/news/articles/2017-01-30/friedland-s-ivanhoe-surges-as-investors-bet-on-africa-motherlode
Erdene Announces $10 Million Bought Deal Financing (copy edited HN)
Link posted earlier by Secretsquirrel but I am long and a believer in this stock.
HALIFAX, NOVA SCOTIA–(Marketwired – Jan. 30, 2017) –
Erdene Resource Development Corp. (TSX:ERD)….has entered into an agreement whereby Paradigm Capital Inc. as lead underwriter and Canaccord Genuity Group Inc. (“the “Underwriters”) have agreed to purchase 12,988,000 common shares of the Company (“Shares”) at a price of C$0.77 per Share for gross proceeds to the Company of C$10,000,760 (“Offering”).
***
Insiders see the company as a good deal at 77 cents Canadian. Good floor, over 60 ccents US. Erdene has excellent gold prospects and a good exploration agreement with Teck Resources for non-gold minerals.
– Insiders see the company as a good deal at 77 cents Canadian –
Current price at 0.80 CAD
Got in at CAD 0.315 so very happy and a BIG thanks to hn for the nod on this one….
Long TSE:ERD
Silver bells…nice recovery today in the metals sector. Based on yesterday’s action I am feeling an urgency to beef up my silver positions.
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My longs are MAG (am miner), BCEKF (development/optionality speculation), SLW (royalty/streamer), and PSLV (redeemable bullion trust, close to physical).
Yesterday the moves were good. Nothing really unusual although BCEKF had an eye-popping increase of nearly 10%, as it is very leveraged.
What got my attention was a comparison of the multiple time-frame moving averages. Looking at these, the stocks closest to the actual physical commodity (PSLV and SLV) have the short-term average crossing the intermediate average, though both averages are slightly below the long-term average.
However the companies that need longer time frames to convert silver price increases to real cash ( MAG a miner and BCEKF a developer) both show short and intermediate moving averages ABOVE the long term average and in the proper relationship to each other. . In other words they are in confirmed uptrends as far as the multiple-frame moving averages are concerned.
IMO, each of these four stocks are trending well and they look like they setting up to take out previous highs.
As I stated, there is some divergence in that the the bigger caps are not technically perfect, with short and intermediate MAs below the long term trend.
***
My interpretation is that the spot bullion prices are trailing real investor sentiment. This is putting a damper on the prices on larger cap silver plays.
I think that the price action in bullion. Accordingly in this case I suspect that the larger cap silver producers will follow the lead of the more speculative vehicles that take longer to realize profits from higher bullion prices. But then if spot silver starts to move up strongly, larger cap miners and companies like SLW should really blast off.
As usual this is just an opinion and I could be wrong about it. But I am thinking of adding SLW and MAG, where I feel underweight. Standing pat on PSLV and BCEKF.
Don’t want to chase BCEKF, I already have an aggressive position. It is volatile and I get a touch of heartburn from it, although I will swing trade a little on it. If my observation has some validity, it means that BCEKF may overextend and run ahead of the bigger cap plays .
February Presentation…..Ivanhoe.
https://www.ivanhoemines.com/assets/docs/ppt/ivanhoemines-cp-feb-2017.pdf
Kamoa/Kalula further PEA coming out within 1 week, {I heard on the mining grapevine}
This will assess the potential for an 8 million ton pa, standalone Kakula Mine plus the possibilities for 12/16 tons pa from the Kakula Deposit along with the Kamoa Deposit’s Kansoko Mine.
Robert Friedland will be presenting this at the coming Indaba Mining Conference next week Feb 6/8 South Africa. Rick Rule and Robert Friedland are 2 of the featured speakers and Ivanhoe is a Premiere Sponsor along with the Canadian Government, which can only be a BIG positive IMO…
After all that it’s a flight up to DRC for the analysts, now that should be quite a trip!
$IVPAF…two mines for the price of one…Ivan market cap still only 2.4 billion. The deposit is so big and rich one measly 8 million ton per year plant isn’t going to be enough.
There will probably be a lot of confusion as to whether the Kakula mine will be considered separately from the Kamoa project in the mining “Top Ten” lists.
In separate news, CleanTeq has come back to 50 cents and my position is even.
lists.
$Orca Gold (ORG/CANWF). I have a small position in this junior gold company. Consider quality of management and other investors. Price has been moving lately. This is most recent event:
Orca Gold Acquires Exploration Assets in the Côte d’Ivoire from Kinross
Kinross to Take an 8.6% Equity Position in Orca
Vancouver, Canada, February 1, 2017 – Orca Gold Inc. (TSX.V:ORG) (“Orca” or the “Company”) is pleased to announce that it has executed a share purchase agreement with two wholly-owned subsidiaries of Kinross Gold Corporation (TSX:K) (NYSE:KGC) (“Kinross”) (the “SPA”), whereby the Company is acquiring from Kinross all the issued and outstanding common shares of two wholly-owned exploration companies located and operating in Côte d’Ivoire (the “Acquisition”), which collectively own and have rights to the Morondo and Korokaha North exploration licences, and five exploration licence applications (collectively, the “Exploration Assets”). Closing of the Acquisition is subject to a number of conditions, including, but not limited to, the parties receiving approval of the Acquisition by the Minister of Industry and Mines of Côte d’Ivoire. The Company does not currently have an expected closing date and there is no assurance that the transaction will be completed.
Hi Denton, what do you know about the size and grade of Orca’s deposit ?
Keep in mind this opportunity is in Sudan. However, recently, the US government eased sanctions on Sudan which is an early step to opening up the country for investment. In addition, it is my understanding this is the Red Back Mining management team who developed/sold their mine in Africa to Kinross for over $7B in 2010. Investors Ross Beaty and Lucas Lundin control nearly 30% of the shares and I believe the CEO might own considerable as well.
The Mineral Resource has been estimated using the results of 73,579 metres of drilling (5,310m of diamond drilling and 68,269m of reverse circulation drilling, including 250m and 10,062m respectively at Wadi Doum) completed between November 2012 and December 2015.
No Mineral Reserves have as yet been defined for the project. The PEA study (July 2016) was based on a pit design completed by Deswik Europe containing the following resources:
Deposit Indicated Resources Inferred Resouces %Indicated
Mt Au g/t Koz Mt Au g/t Koz
Galat Sufar 23.77 1.44 1,101 2.10 1.27 85.8 92%
Wadi Doum 1.30 2.90 121 0.70 2.21 49.7 65%
v/r
jdd
And when I say “this opportunity” I meant their current property in Sudan not the new Côte d’Ivoire acquisition in the earlier post.
This description is from today’s release and covers the Côte d’Ivoire potential…
“The Exploration Assets comprise a land package of 2,268km2 positioned on highly prospective structural trends related to known gold mineralisation (see Figure 1 below).
The Exploration Assets have received little or no exploration, the most advanced being Morondo, where a discovery was made by Red Back Mining Inc. in 2010 (best intercept 66m at 1.53g/t). Gold mineralisation has been identified by trenching and 4,284m of shallow reverse circulation drilling over an area of 600m x 200m and is open in all directions. Orca plans to explore this prospect with the aim advancing it to resource status.
The Korokaha North licence and Korokaha South application lie adjacent to the east of Randgold’s Tongon Mine. The Bassawa and Satama applications are located on the southern extension of the Houndé Belt. The Zuénoula Ouest and Zuénoula Est applications are located north west of Perseus’s Yaoure project.”
So if its big enough it will be an open pit. Thanks
$Orca Gold (ORG/CANWF). Updated Mineral Resource Estimate was released today on the Company’s Block 14 Gold Project in the Republic of the Sudan, and provides guidance on the high-grade underground potential at Block 14.
http://finance.yahoo.com/news/mineral-block-14-gold-project-113000410.html
$MUX – I’m posting this for as much as it says about cEwen Mining as what also says about currency, precious metals mining and world economics. This article is from Tim Paul at seeking alpo I’m not familar with this author.
http://seekingalpha.com/article/4041408-mcewen-mining-shines-bright#alt1
$MUX long
$MAG Mag Silver, $CCJ Cameco…added MAG today at $14.28 and Cameco at $11.11.
Ivanhoe Mines.
Robert Friedland speaking at the African conference….
https://www.periscope.tv/w/1gqxvZjoMmnxB#
secretsquirrel…this was a monster link, thanks a million !!
$IVPAF, $CTEQF…Generates huge conviction on Ivanhoe, CleanTeQ, copper, cobalt, and scandium. Reconfirms Friedland as someone to pay attention to. Definitely will affect action on my part…I feel compelled to reallocate some funds to build up positions in copper.
CleanTeQ…Very interesting, not a word in Friedland’s African presentation on the water purification aspects of CleanTeq. He talks a lot about air pollution, but in the context of the push or electric vehicles. CleanTeq is presented as a “stock tip” (!) on cobalt and scandium.
Besides EV demand for copper and cobalt, he forecasts big copper demand in the health industry since it has anti-microbial characteristics that are superior to stainless steel.
$CTEQF…CleanTeQ…a while back I made a speculation on CleanTeQ but did not think it was appropriate to discuss it on the public thread; I really didn’t know enough about it, it was just a hunch, a speculation based on the involvement of Robert Friedland .
For me, Secretsquirrel’s link has moved CleanTeQ from being a closet long speculation to a conviction pick.
Long CleanTeq
Yes also see CleanTeQ as being more now than previously, that said I do already hold a quite reasonable position. This went down initially but is now back up ++ . This was one of the few stocks I held onto, madly enough I even liked their name and will be adding over time…
Friedland gave a plug for Cordoba in the presentation.
Fatherly obligation, perhaps. No position.
My pleasure to be able to give something back here, thanks. It was yourself that put me (and others no doubt) onto these 2 great finds. Friedland is a visionary with the added clout in this industry IMO so these people are always worthy of note. Will be very interesting to see what Rick Rule has to say next at the conference…..
SecretSquirrel you rock! Thank you so very kindly for the presentation! 🙂
Best2You&ALL ~ BenJammin’ https://youtu.be/7x6SYcGLJ_Y Rock ON 🙂
Long Gummunity $IVPAF reallocation in progress $CTEQF 🙂
Appreciated, thanks….
$PVG – Brucejack Commissioning Accelerated; Forecast to Complete Mine Construction is US$811.1 million
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) (“Pretivm” or the “Company) is pleased to report the acceleration of commissioning of the Brucejack Mine with dry commissioning now scheduled to commence in March and wet commissioning scheduled to commence in early April. In addition, an updated forecast of the capital cost to complete construction of the Brucejack Mine has been completed. The capital cost, including working capital, is now estimated to be US$811.1 million, an increase of 16% from the February 2016 capital cost estimate.
http://www.pretivm.com/news/news-details/2017/Pretium-Resources-Inc-Brucejack-Commissioning-Accelerated-Forecast-to-Complete-Mine-Construction-is-US8111-million/default.aspx
NP os
$PVG…The final capital costs are up, but the mill will be in production in a matter of weeks !! March commissioning and April production ! Long PVG
The higher initial capital seems to be just a trade-off for an earlier operations
date.
$FFMGF – First Mining Finance Completes Fall Drill Program at Pickle Crow Project, Intersects 1.28 g/t over 12.70 metres, including 15.14 g/t over 0.70 metres in the No. 15 Vein
https://www.firstminingfinance.com/news-room/first-mining-finance-completes-fall-drill-program-at-pickle-crow-project-2017-02
$FFMGF long