A Microcap Teaser Solution In Advance !!
(Australian stock exchange CLQ, OTC pinks CTEQF).
CleanTeQ is sure to be the answer to future teasers you will be reading about from resource gurus, To save you all the trouble of solving them, I decided to write this article.
My portfolio was grotesquely overweight in gold and silver positions, and in moments of anxiety I thought it would be a good idea to diversify and take a few positions in something other than gold mines, royalty companies, Mongolian exploration companies, and small-cap copper miners with major operations in the Democratic Republic of Congo.
Thus I made a small speculation in CleanTeQ, solely on the basis that mining titan Robert Friedland was the Chairman, and CleanTeQ was the only resource company I could find that seemed to be in a position to mine scandium, a very rare metal that sells for a couple of thousand dollars a kilo.
My due diligence was so slight that I was embarrassed to emphasize my position to the readers at Stock Gumshoe. We are supposed to study these things a little more than I did for CleanTeQ. And after entering at 50 cents, the stock promptly dropped to 35 cents or so, making me glad that I did not look foolish by publicizing my position.
As the weeks went by, I started to find more information on the company that I should have found out beforehand. This was partly accidental, partly from other Gumshoe readers, and partly from new announcements and company news that occurred after I took a position. But the findings were all very positive, and because the company is so interesting I thought it warranted its own thread apart from the hard asset thread which I moderate.
I have a full long position and high hopes. And I thank Secretsquirrel, Griffin, Larry McKenna, and several others who helped fill in the missing pieces of the puzzle.
Below are my findings, opinions, and summary on CleanTeQ Holdings:
BUSINESS MODEL CleanTeQ is a hybrid company based with three bases: scandium mining and production, cobalt mining and production, and water purification. This seems like an odd combination, but as you will see, it is not. It is a stroke of genius. And I will explain why we should care about scandium and cobalt.
(1) The company is starting production of the Syerston mine, the world’s only scandium mine;
(2) The company will also produce significant amounts of cobalt as a co-product to the scandium;
(3) The company has a large-scale water purification technology, which will target municipalities,
Industrial operations with waste water problems, and mines, which also have water problems
PROSPECTS FOR THE THREE SEGMENTS
(1) Scandium is a very rare metal that usually occurs in only small amounts that are not economical to mine. It is mostly available as a by-product and the market is opaque, usually between private parties. Scandium has very beneficial applications in aerospace, aviation, and technology, but has not been widely applied because there is not a sufficiently reliable supply of it.
(2) Cobalt is essential in many batteries. Lithium gets all the investment press, but a majority of the battery formulations need cobalt, which is rare compared to lithium. Cobalt has a similar supply situation as scandium, it is mostly a by-product and is not commonly a prime mining target in and of itself. But demand for the electric energy market is growing rapidly and cobalt demand is growing and will continue to grow accordingly. Supply chains on cobalt are iffy.
(3) Water purification is a pressing need throughout the world. Cities with lots of people, industrialized places with lots of factories, or mines with waste water, all have a real and pressing need for large scale water purification. I think most people can accept this premise of widespread demand without a lot of documentation.
HOW DO THESE SEGMENTS RELATE TO EACH OTHER ? I cannot get too technical about the water purification technology, but I will try to explain what I understand, and how it relates to the scandium and cobalt operations. They call it Continuous Flow Ionization. Ionization is not a proprietary technology per se, but CleanTeQ has developed a way to implement ionization in a continuous feed, automated loop that improves volume, improves economics, is reasonably priced for installation, and can be custom-modified to specific waste problems. It can be used in conjunction with other filtration techniques. Further, it can be modified TO EXTRACT CERTAIN SUBSTANCES from the feed waste water. This is done by modifying the resins that are used in the ionization process.
Now it so happens that CleanTeQ has developed resins that can extract scandium and cobalt from waste water. So they potentially will have commercial sources of rare metals from the by-product waste of their water purification process !
HOW CLOSE IS THE WATER THING TO REALLY HAPPENING ? It is happening. CleanTeQ has signed a memorandum of understanding with a major Chinese municipality to implement their technology. There is a joint venture, 55% Chinese/45% CleanTeQ. Once the first one is up and working, China has a mind-boggling potential for water purification. For their teeming urban centers and for their mining and industrial locations, shall we say the potential is very large ?
CleanTeQ has 100% of rest of the world. CleanTeQ is closed-mouthed about other commercial sources, but they let on that they have been in contact with the likes of GE, Dow, and other big hitters. They state a pipeline target of $100 million by 2020; I predict they will do much better.
HOW CLOSE IS THE COBALT THING TO REALLY HAPPENING ? Very close. Battery useage is soaring and is the strategic target of many governments, corporations, and environmental groups. Batteries need cobalt.
HOW CLOSE IS THE SCANDIUM THING FROM HAPPENING ? This will take a while because the applications are high tech, with long lead times, and there is only one scandium mine in the world (CleanTeQ’s newly commissioned Syerston mine). CleanTeQ intends to develop the scandium market by being a reliable source of supply, and by driving the price down.
CleanTeQ will have viable margins with scandium prices up to half of current prices.
To give you an idea, the Russians made a few MIGs with scandium/aluminum alloys. They were faster, lighter, stronger. An addition of 0.5% scandium to aviation aluminum strengthens the frame, removes the need for riveting, reduces weight, and makes repairs easier. . The Russians dropped it because of costs; and Boeing and Airbus will not use it without a reliable source of supply. But there is about to be a reliable source of supply: CleanTeQ.
WHAT ABOUT IP PROTECTION ? I believe the IP and know-how moat is sufficient. CleanTeQ holds a perpetual license from a high-level Russian research organization that provided some of the foundation technology. I am not a patent lawyer and a lot of the know-how will be proprietary, not patented. CleanTeQ has been at this for over ten years, I think the barriers to entry are sufficient.
MANAGEMENT Totally a plus. Robert Friedland is the Co-Chairman and CEO, he has 20% of the company, great credibility and clout with the Chinese, and an unbelievable track record in mining. Sam Reggall is the other co-chairman. I know little about him, other than from my observations of him on an Australian investment show that aired last week. He was impressive.
MONEY AND FINANCES I don’t think there is anything at all to worry about. Friedland must be worth billions, the Chinese are in, and the concept has enormous potential.
Sources: as I mentioned, information is scant. My sources were the CleanTeQ website, presentations and and interviews with Friedland and Reggall, and the sketchy information on the brokerage sites. Nothing you cannot find on your own.
Long CleanTeQ
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.
Lithium, Battery Materials, and Auto Makers
I have heretofore stayed out of the lithium sector for a few reasons:
I did not like the supplier landscape, lithium seemed over-emphasized and over-promoted compared to other materials. And Lithium is pretty common, and I will get confused comparing brine and hard rock. My commodity positions seemed to be in need of fewer sectors, rather than more.
So I decided to pass on lithium as a commodity of interest, and sold off a small position in Galaxy, and suspended my plans to take a position in Neometals.
***
The last few weeks my outlook is softening. A few factors have made me reconsider.
First, I have become more convinced of the size and speed of EV revolution. I have been persuaded that the disruption in EVs will be faster than I previously thought;
that means manufacturers need to make battery decisions right now; and while there may be better technical solutions down the road, lithium is a material in today’s primary formulations. Lithium is needed NOW.
Second, I intend to exit my uranium positions. So a “spot” will be opened up, and my limited attention span will not be overtaxed with another commodity target.
It is true that I have diversified a little with positions in graphite $LNZCF and vanadium $SPNRF; but my positions are simple, and I do not have to spend a lot of time managing or watching them, or evaluating 30 different competitors.
Third, I noticed that Toyota took a position in Orocubre for lithium. Toyota is the world’s largest auto manufacturer. My thinking is, that if a major auto company is taking a position in a lithium miner, then lithium is pretty surely in their plans for the foreseeable future.
So…maybe lithium is a sector I should re-enter.
Oh wait a miute, I already bought MGX. What I mean to say is maybe I should re-enter a company whose primary focus is on lithium.
In considering lithium, I will mostly want companies that are in production.
Prospectors are not very interesting.
Long $MGXMF. Considering other lithium producers including Galaxy and Neometals.
OK out there. You have been back-and-forth on lithium producers and I have not been paying attention. Who are the BEST producers or advanced developers with a narrow focus on lithium ? Help me out here.
***
The Toyota move has implications for other minerals….especially cobalt.
A while back I suggested that it would not be absurd for an automaker to buy a cobalt miner. BMW, Audi, and MBZ are close to Slovakia. Why not buy EUC ?
The Toyota move into Orocubre shows that this is not a far-fetched idea.
If Toyota will take a position in a miner for a common metal like lithium, it is hard to think that automakers are not wracking their brains about how they are going to get enough cobalt, the supply of which is much harder to ensure at a reasonable price than lithium.
Long $CLQ, though I don’t think the Germans will buy them. Long $EUC.
Favorably inclined $PGM and $ARRRF.
$CLQ Long $SRI Long (very small starter positions)
I gave up on Uranium awhile back as well, finished just north of breaking even in $URG and $URZ which just never took off. Those were pretty speculative but thanks to you, many of the other voices here on the forum, and the homework joining on here has given me I’m really looking forward to seeing how all of this will play out in both the near and long terms.
Looking into starting a position in $MGX (dipped today) but may just add to CLQ
EDIT: Forgot to add in some appreciation! Thanks again HN and everybody for all the food for thought and intriguing discussion on both sides of things.
Clouseau, I have picked quite a few duds but I don’t think Clean Teq, SRI, or MGX are going to be on the loser list.
Hope you do well on them. Think long-term…though you probably won’y have to go more than three years to have big winnings, and we will get plenty of signals and news along the way. Pay attention to real news.
Daily fluctuations in price are not news and do not affect the fundamentals.
Geology has fascinated me since I was a kid, and I almost went to school to become a graduate gemologist but decided on a more geography related major instead.
My half-brother recently got a job with a start-up battery company in San Diego. I think he said their batteries use iron (but lithium based?), supposedly much less flammable. Going to have to talk to him about it further as we only briefly discussed it when he told me he was coming into town to talk with a company that needs batteries for their luxury living modules, basically fancy studio apartment shipping containers, that are stackable.
#LiFePo $GLFH – https://www.stockgumshoe.com/2016/07/microblog-storage-of-electricity-batteries-big-image/comment-page-5/#comment-4968852 Best2You! 😉
Me too…geology and dinosaurs. When I was ten or so, I used to take the subway by myself from Riverdale to the Museum of Natural History in Manhattan. I would spend all day looking at fossils and wishing I could buy the boxed rock samples in the gift shop.
Nowadays I read about astronomy and catastrophic evolution, and read news releases on drill cores.
$Cobalt $Batteries
Just as a followup, here’s the company I referred to in my last post: http://simpliphipower.com/about-us/
Looks like they switched to LFP and away from cobalt in 2007. Gonna spend most of my free time today re-reading every single response in these threads to try and figure out why EV manufacturers aren’t doing the same and why cobalt is the big buzz.
I think it was you HN that recently posted companies will likely have to lock in tech and design decisions short term and “they’ll go with what they know” for now (Lithium+cobalt). I’m still high on $CLQ and will likely grow my tiny position but hopefully today’s re-reading and research will clarify the “Why cobalt now?” conundrum. Lots to learn!
Look at current battery formulations.
Friedland’s point all along has been that “lithium ion batteries” should really be called “Nickel-cobalt batteries”.
In my opinion and from my limited knowledge, the storage formats that will generate sufficient confidence for a storage contract RIGHT NOW are tradional NCM-li, VRB, zinc, and iron phoshate/BYD. They have proven large scale applications.
The iron-phosphate is proprietary with BYD, as far as I know. My tendency will be to focus on NCM, VRB, and zinc; the corresponding positions at present are:
NCM=Clean Teq…overweight
VRB=Sparton…I have all I am comfortable with, slightly more than a full position
Zinc=MGX/Zincnyx…looking to add to full position
**
Top watchlist considerations are:
Vanadiumcorp for vanadium & VRB
Ardea for cobalt
SMA for infrastruture and applied technology
No opinion on solar panel manufacturers.
Solar manufacturing just pales in comparison to the investing prospects that the electric storage sector offers, for my money at least. Thanks for the summary, a much appreciated recap of all that’s been flying around in this growing discussion. Looking to grow my small position in $CLQ, likely at fp with a small amount of $SRI and haven’t had much time recently to delve into looking at MGX but it’s definitely on my list.
I’ve picked up two big hobbies since joining on here a month or so ago, between you and Dr KSS I’ve been regularly pouring over more info than I ever did in college.
COBALT BUZZ…there seems to be so much buzz now about cobalt, and lots of development companies magically appearing.
I sure am glad Renby got the blue glasses on a while back.
And glad we have been thrashing through picks for a couple of months.
Me too! My thanks to him and the others who tried to get us in early – and the educational process that followed (ahead of the masses!).
I read your post earlier about self esteem. If that is because of trading decisions, even PUT and CALL selling do not generate profit(s) 100% of the time. I just think of the gains so many of us have because of your many presentations of the the facts about $CTEQF and IVPAF, presenting the opportunity to do DD. I know when I completed my IVPAF reading, I was incredulous that the price was not much higher and.or that they had not already been bought out. I appreciate all of your hard work digging as well as coordinating the posters of 2 (now 3) threads for those of us interested in these topics.
To get big gains we have to find situations where we see things differently, or have a different assessment about the risks and the upsides, from the opinions from the majority.
Alternately we need to arrive at an opinion before the majority based on the public information available; as Renby did the case of cobalt.
In the case of Ivanhoe, the investor fear of the DRC jurisdiction creates a stock price way below its potential value. We could be hurt if politics go badly there. It could be bad for us. But that is the only risk I can see with Ivanhoe, and the effect of the stock price is so out-of-whack with the intrinsic value that I feel it is a good bet.
deanbob…the value in Ivan is just ridiculous. All the promise it had when it was an 80 cent speculation is being exceeded, in spades. We are looking at the most profitable copper mine in the world, and it will be producing for decades.
Ivanhoe could do pretty well even with $2 copper.
Their cash cost is $1.14 a pound for the first 10 years.
Here comes that $6 nickel I was talking about some months ago.
$FYI – Cobalt Miners News For The Month Of January 2018
by Matt Bohlsen @sa
Summary
Cobalt spot price news – Cobalt prices up again in January. “BMO Capital Markets expects current cobalt prices to double in the next two years.”
Cobalt market news – CRU – “There just isn’t enough cobalt to go around”.
Cobalt miner news – Aeon Metals doubling of copper resource at Walford Creek, and RNC Minerals plans initiatives to allow decision to begin construction of Dumont Nickel-Cobalt Project in 2019.
https://seekingalpha.com/article/4139735-cobalt-miners-news-month-january-2018?uprof=46&isDirectRoadblock=true
Cobalt…there is going to be a ton of new investor-bait cobalt projects.
My suggestion is to consider when these new projects can actually produce anything, and not to get terribly wide and deep in really long timeframe cobalt prospects. A couple of them, sure; I want a couple of them. But remember who will be shipping within three years, and who has offtake agreements.
I wonder if Friedland was thinking (had included) along similar lines as the following article when he talked about the amount of energy mining consumes.
https://srsroccoreport.com/market-underestimates-tremendous-energy-consumption-gold-mining-industry/
dean bob – trying to figure out what you mean…. is the writer saying ‘oil may not be a lost cause’ as vehicle, be them EV or ICE will require TIRES which use a lot of oil to produce, perhaps not shale or off shore oil, but oil…..
Lulu, I apologize for the lack of clarity. I believe the article is saying the market does not take all energy into consideration when examining energy usage in the mining process , such as the amount of energy used of the production of tires. In a completely different article, Friedland said the mining industry in Australia used xx% of the nation’s energy in mining. His thrust is to use a more energy efficient method to extract/process ore (what HN refereed to as I-Pulse). But I do wonder what Friedland’s thoughts are on the costs involved in getting the ore from the point of extraction to the processing plant.
dean bob – pls don’t apologize…I could likely never ‘know what you HN, cowboy Ashton et all have forgotten’ but I am really learning a lot by sticking to just a few threads, following closely and asking…….thank you
Garibaldi Resources has a 1/25/2018 news update on their drilling:
http://www.garibaldiresources.com/s/NewsReleases.asp?ReportID=814842&_Type=News-Releases&_Title=Garibaldi-Drills-8.3-Nickel-And-4.1-Copper-Over-10.3-Meters-At-Nickel-Mount…
NEWS RELEASES
January 25, 2018
Garibaldi Drills 8.3% Nickel And 4.1% Copper Over 10.3 Meters At Nickel Mountain
Vancouver, British Columbia, January 25, 2018 – Garibaldi Resources (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to provide the following exploration update for its nickel-copper-rich massive sulphide discovery at Nickel Mountain, 11 miles southwest of Eskay Creek.
Highlights:
Drill hole EL-17-10 supports the very high tenor and purity of magmatic sulphide mineralization in the Discovery zone, returning 8.3% nickel, 4.1% copper, 0.19% cobalt, 4.3 g/t palladium, 1.9 g/t platinum, 1.1 g/t gold and 10.2 g/t silver over 10.3 meters (approximate true width);
In a significant development that originates from a review of borehole electromagnetic (BHEM) data through late time “channel 1” readings, renowned nickel sulphide geophysicist Alan King has identified two unusually strong conductive zones (>10,000 Siemens), one directly beneath EL-17-14 and the other south of the Northwest zone trending southwest to northeast, interpreted as signatures of potential massive sulphides over a broad area at depth;
Results from the first 14 drill holes strongly suggest that the Discovery zone and the Northwest historic zone, 150 meters apart, are the product of an open-system magma conduit following a structural weakness in the country rocks, implying far greater tonnage and grade potential at Nickel Mountain than historical explorers had estimated.
Dr. Peter Lightfoot, technical adviser to Garibaldi and one of the world’s leading experts in nickel sulphide deposits, commented: “The depth and lateral extent of nickel-copper-rich sulphide mineralization in the Discovery and Northwest zones is entirely open, creating a compelling combination of high grades and potential scale with this unique Eskay Camp system. A major expansion of drilling will be guided by an enhanced geological understanding and proof of concept with geophysics. In addition, the Garibaldi nickel team is very excited about the potential for new discoveries along a multi-kilometer-long trend to the northeast.”
Dr. Lightfoot adds, “Compositional differences in the massive sulphides between the Discovery and Northwest zones, together with the chaotic variable textured rocks in both areas, points to the ideal scenario of a multi-stage mineralizing event at Nickel Mountain.”
Garibaldi Prepares To Launch 2018 Program
Preparations are well underway for an aggressive and fully-funded 2018 exploration campaign scheduled to commence this quarter, as soon as weather conditions allow, beginning with a geophysics program to further assess the two HC plates and prioritize drill targets. This will be followed shortly thereafter by a resumption of drilling beginning with EL-18-15.
HC1 & HC2
Modeling of data from the borehole electromagnetic (BHEM) surveys was merged with last year’s airborne VTEM data and has resulted in the interpretation of two large highly conductive anomalies (>10,000 Siemens) south of 2017 drilling.
HC1 trends north-south (approximate 200-meter length) while HC2 trends northeast-southwest (approximate 300-meter length). These high quality conductors are of the type to be expected to represent massive sulphides but can only be confirmed as such by drilling. Geological analysis suggests the possibility that HC1 connects to the massive sulphide intercept in EL-17-14, highlighted by 8.3% nickel and 4.2% copper over 16.75 meters (approximate true width, see December 8, 2017 news release), starting at a depth of 123.75 meters.
EL17-13 was instrumental in identifying both HC1 and HC2 as it was an exploratory hole drilled into the southern lobe of the mapped Nickel Mountain Intrusive Complex to serve as a platform for BHEM geophysics probing. Visual analysis of drill core in EL-17-13 indicated sections of fine-grained disseminated sulphides, samples of which are being assayed with results pending.
Massive Sulphide Discovery Zone
EL-17-10 was drilled into the Discovery zone east of the historic E&L deposit below the massive sulphide intercept in EL-17-04, confirming EL-17-09 and EL-17-14. This hole ran parallel to EL-17-09 and will provide ample massive sulphide for inclusion in preliminary metallurgical testing.
Hole Interval width (from – to) Ni % Cu % Co % Pt (g/t) Pd (g/t) Au (g/t) Ag (g/t) Ni+Cu (%)
EL-17-10 over 4.5m (150.0 – 154.5m) 0.63 0.54 0.020 0.313 0.583 0.185 5.3 1.17
EL-17-10 over 14.5m (172.5 – 187.0m) 6.04 3.18 0.137 1.874 3.342 1.067 8.5 9.22
**Including over 10.28m (176.4 – 186.68m) 8.26 4.07 0.189 1.861 4.303 1.116 10.2 12.34
Combined 1% nickel-copper is a minimum threshold for comparative analysis of composites.
**Denotes massive sulphides (75-100%); intervals are approximate true widths.
Historic Northwest Zone
EL-17-11 was drilled into an untested area of the historic Northwest zone, at the basal contact between the E&L gabbro and Hazelton formation shales, and cut a 2.1-meter massive sulphide intercept highlighted by 4.6% nickel and 1.75% copper. This will intensify the search for broader zones of massive sulphides in the historic deposit area discovered by Silver Standard in the 1960’s through a series of shallow drill holes.
EL-17-12 was drilled into the Northwest zone and provided an 88.5-meter intersection grading >1% nickel-copper, including an 18-meter core interval highlighted by 1.15% nickel and 1.09% copper. This broad intercept of disseminated mineralization attests to the significant scale of the sulphide system.
Hole Interval width (from – to) Ni % Cu % Co % Pt (g/t) Pd (g/t) Au (g/t) Ag (g/t) Ni+Cu (%)
**EL-17-11 over 2.1m (35.75 – 37.85m) 4.57 1.75 0.166 0.290 0.319 0.156 3.1 6.32
EL-17-12 over 88.5m (43.5 – 132.0m) 0.61 0.57 0.019 0.224 0.412 0.222 2.3 1.18
Including over 18.0m (57.0 – 75.0m) 1.15 1.09 0.028 0.504 0.834 0.445 4.3 2.24
Combined 1% nickel-copper is a minimum threshold for comparative analysis of composites.
**Denotes massive sulphides (75-100%); intervals are approximate true widths.
Drill Hole Coordinates – Holes 10 Through 13
Hole Zone Easting* Northing* Elevation (mASL) Azimuth Dip Length (m)
EL-17-10 Discovery 396103 6271502 1892 107.8 -49 234
EL-17-11 Northwest 396108 6271497 1888 345 -52 135
EL-17-12 Northwest 396108 6271497 1888 326 -89.2 162
EL-17-13 Southeast 396295 6271480 1842 218 -51.4 366
*UTM Zone 9N WGS 1984
Steve Regoci, Garibaldi President and CEO, commented: “The experience of drilling in mountaintop winter conditions last fall is allowing us to start our 2018 campaign much earlier than last year. Our accomplished team of nickel sulphide experts is ready and eager to expand an exciting and truly unique discovery in northwest British Columbia with the goal of further enhancing shareholder value.”
Section Maps
Updated maps, including a section plan view with interpreted high conductor plates HC1 and HC2, will be available today on the Garibaldi website (GaribaldiResources.com). They can also be accessed by clicking on the following URL’s:
http://www.marketsmartinfo.com/GGIPlanViewMap.jpg
http://www.marketsmartinfo.com/GGIDrillMap.jpg
Eskay Camp Area Map
To view the location of the E&L Project, Garibaldi’s other large landholdings in the Eskay Camp, and properties of all other companies in this prolific district, please visit GGI’s web site or the following URL:
http://www.garibaldiresources.com/i/photos/king/GGI-Aug-25-Eskay-Camp-Area-Map.jpg
Quality Assurance/Quality Control (QA/QC)
Garibaldi Resources has applied a rigorous quality assurance/quality control program at the E&L Nickel Mountain Project using best industry practice. All core was logged by a professional geoscientist and selected intervals were sampled. NQ2 drill core was sawn in half and each sample half was placed in a marked sample bag with a corresponding sample tag then sealed. The remaining half core is retained in core boxes that are stored at a secure facility in Smithers, B.C. Chain of custody of samples was recorded and maintained for all samples from the drill to the laboratory.
All diamond drilling sample batches included 5% QA/QC samples consisting of certified blanks, standards and field duplicates. Two certified ore assay laboratory standards and one blank standard were used in the process and were supplied by CDN Resource Laboratories Ltd., an independent laboratory located in Langley, B.C. Samples were submitted to SGS Canada Inc. in Vancouver, B.C., an ISO 9001: 2008 certified lab for base metal, sulphur and precious metal analysis using Inductivity Coupled Plasma (ICP), Fire Assay and Leco methods.
Samples were prepared by crushing the entire sample to 75%, passing 2 mm, riffle splitting 250g and pulverizing the split to better than 85% passing 75 microns. Gold, platinum and palladium were analyzed using a 30 gram fire assay and ICP-AES. Total sulphur and total carbon were analyzed using a Leco method. Nickel, copper, cobalt, silver and base metals were analyzed by peroxide fusion and ICP-MS.
The performance on the blind standards, blanks and duplicates achieved high levels of accuracy and reproducibility and has been verified by Everett Makela, a qualified person as defined by NI-43-101.
Qualified Person & Date Verification
Mr. Everett Makela, P.Geo., Director/VP Exploration Canada for the Company, and a qualified person as defined by NI-43-101, has supervised the preparation of, reviewed and approved of, the disclosure of information in this news release. Mr. Makela has verified the data, including drilling, sampling, test and recovery data by supervising all such procedures on site. There are no known factors that could materially affect the reliability of data collected and verified under his onsite supervision. No quality assurance/quality control issues have been identified to date.
About Garibaldi
Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.
GARIBALDI RESOURCES CORP.
Per: “Steve Regoci”
Steve Regoci, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.
What others at IKN are saying about GGI… http://incakolanews.blogspot.com/2018/01/garibaldi-ggiv-finally-releases-missing.html ….Cowboy
Thank you Cowboy. What is your take on IKN’s calls/accuracy?
He seems to have LOTS of eyes and ears out there. He knows, and hints at things before its main stream. IIRC he knew of the discoveries with GDQMF and CDBMF before it was news. And the Freidland deal on CDBMF. He bailed…I didn’t. I could have saved a chunk there had I done the same. He definitely knows the pumpers and shysters in the minerals area of the Americas. He has done well in my opinion on calling gold and silver turning points too. I do not subscribe to his paid for material. Those folks find out stuff even sooner. I just try to hear both sides of a story if I can. I do get his free daily e-mailing. He has no problems calling out CEO’s or anyone else that he feels is lying or hiding something either. Just my opinion there deanbob. Another guy I like to read is the Angry Geologist…Cowboy
Many thanks for sharing your impressions. I have subscribed to the free version as well.
He must be a genius since he agrees with me.
Sorry deanbob – I missed your post on Garibaldi. I posed a novice question concerning’s Sprott’s insider buys of last week on the gold/copper thread. Not sure how to cross reference it.
Ashton, I saw that post and you’re in good company with HN, the folks at incakolanews, and many of us. A couple of weeks ago, I saw the movie “Gold” with Matthew McConaughey (based on the real Bre X mine story) and a line that I took away was “People just wanted to believe.” I know I do not have an answer what Sprott knows that is propelling his purchases. It would be interesting to know! This morning, I was sitting close to break-even. So, I am holding, waiting for the spring/summer drilling.
Bre X has absolutely nothing to do with GGI btw, rumours aside. Read the answer regards this on ceo.ca from the other big PP shareholder in GGI besides Sprott who made millions out of Bre X by running it all the way up and then shorting it all the way down.
https://ceo.ca/@bdminefinder
There are a few who would sure like this one to fail. Not sure quite why but some bad history abounds and people feel they must be on one side of the other…..
I do not a wish failure for GGI. For the sake of those who have invested in it, I hope they are successful.
I just dustrust the judgment of management. Mangaement should promote their company, but I think GGI does not know where the line should be.
Squirrel is right, The Bre-X guys were criminals and no one is accusing GGI of fraud. Bre-X is only relevant because Sprott invested in it. He got burned with the others even though he is smart and successful and knows the business.
My comments were in no way aimed at yourself I assure you. There are with GGI certain camps, manipulation or otherwise in play here, IMO.
The management is not the smartest at promoting themselves and do shoot themselves in the foot for sure. Hopeful with Sprott being on board this will improve.
Same thing your way. I do not mean to be disrespectful of those who have an opinion or position contrary to mine.
Best
Mea culpa. My paragraph structure left something to be desired.
Just for the record, I was not accusing or impugning anyone with my Bre X comment. I saw the movie and I liked the line. After we all do our own due diligence, who is not among those “People just want(ed) to believe.”?
FYI, I have not sold a single share of either $GGI/$GGIFF nor Metalis, and am long both.
Hope you do well with them !
No problem, going to be an interesting year, both companies funded with plans in place.
Sprott I’m sure you know has been buying everything on the open market, his 19.9% looks like heading towards 25%. Recent SEDI insiders worth noting. Lots of younger retail people have been adding from their speculation gains in crypto and pot, moving nto GGI /MTS on the lower recent prices. These tend to be stronger non trading hands so encouraging. Time will tell on these 2 of course, still a speculative opportunity….
Best SS.
Summary:
“We think there might be something good down there, maybe possibly, we hope.
Of course we missed it with our first drill holes, which were based on the same
detection techniques that we are using for the next holes. We are still going full force in 2018 with the money we got from you and Eric.”
Sure I read about this previously, but for anyone who missed it.
Congo Raises Cobalt, Copper Taxes Amid Opposition From Miners
By William Clowes
25 January 2018, 11:34 GMT
Copper royalty rises to 3.5% from 2%; Cobalt may rise further
Congo is biggest source of cobalt; top copper miner in Africa
https://www.bloomberg.com/news/articles/2018-01-25/congo-raises-cobalt-copper-taxes-amid-opposition-from-miners
Don’t remind me. It was linked on the hard asset thread.
I ran across this article on Scanadium here in the USA. NioCorp..NIOBF-NP…http://netnebraska.org/article/news/1113497/nebraska-niobium-mine-may-advance-soon-demand-second-mineral-increases ….Cowboy
MGXMF….Found this at Critical Investor….http://www.criticalinvestor.eu/analysis/lithium/critical-q-mgx-minerals-ceo-jared-lazerson And MGXMF is on these guy’s Top 10 list for 2018….. http://bergdex.com/2018-top-10/ …Cowboy
Three of his four headline stocks on the website echo picks discussed here: Excelsior, Tinka, and MGX.
MGXMF….. Jared Lazerson on the #1 radio talk show channel in USA, WABC in New York. Jared was on radio for about a half hour interview on Dale Jackson’s “Money on the Mark”. Mostly Lithium talk. At the 20:30 starts Zinc and battery talk. 29 min mark starts the geothermal talk…… https://www.mgxminerals.com/media/downloads/WABC_Radio_Interview.mp3 ….Cowboy
Delete post!
$CTEQF – Clean TeQ Water Signs Additional Breakthrough Contract with Multotec in Africa
https://www.asx.com.au/asxpdf/20180129/pdf/43r2xgcjr4m4k5.pdf
CTEQF long
Note the announcement is made by the Co-Chairmen,
Jiang Zhao-Bai and Robert Friedland. Sure to get attention in China.
Interesting that they do not mention the type of metal or the specific mining company…only that it is in the DRC. Maybe it is for Kipushi Big Zinc. They say “landmark announcement”, but give no details, and the contract value is only $2MM Australian, which does not seem like very much.
This is odd. No mention of the mine, the mining company, or even the target mineral.
There is some justification for brevity because it is really Multotec’s place to make the announcement; but there is nothing on the Multotec webpage this morning.
Hmmm…I speculate that the installation is the initial-stage pilot at an Ivanhoe
location, probably Kipushi, and the price is low becasue it is the pilot and the home folks get a discount. Just a wild guess.
The announcement is from the WATER division. I recall that the first order of business there when Friedland was rehabbing Kipushi was de-watering it. So maybe the contract is for Kipushi waste water, they do have a recurring problem there, and the pumps are already operational.
This is a rather detailed speculation on the unannounced location of the
contract; we’ll see for sure soon enough.
All readers: Thread management going forward
We are coming up on the one year anniversary of the Clean Teq thread, and I wanted to make a suggestion for its continuation.
Here are my suggestions on thread focus going forward:
1. The Hard Asset thread and its successors: gold, silver, copper, PGMs, and non-battery materials and base metals, and other hard assets.
2. Ben’s “#batteries” thread: battery technology and developments in alternate energy and power storage.
3. Clean Teq thread:
A. Company developments and battery/EV metals such as cobalt, vanadium, nickel, graphite, and lithium; scandium; and water purification. [Ben’s thread discusses battery or solar technology; the Clean Teq thread discusses the commodities that may be affected.]
B. “techno-miners” and companies with technological developments in mineral extraction and mining…CLQ, MGX, NIOBF, etc.
**
OVERLAPS are unavoidable. Nickel could be considered a base metal, or a vital commodity in EV batteries. Many companies have a variety of mineral targets.
So it can be questionable sometimes as to the best thread for a post, but I think
we will do better if there is an underlying logic to the location of the posts.
Where possible a discussion on a new technology should be segregated from a discussion of how to invest in the commodity that is needed for it.
**
Examples:
MGX posts would be relevant most of the time on the Clean Teq thread. MGX is a techno-miner with interests in mineral extraction, lithium, and zinc for energy storage; and even their petro/coal interests seem to be most interesting in the water purification and mine waste. So in most cases I think the Clean Teq thread would be the best.
Another example: Nickel and zinc posts might be on the Hard Asset or the Clean Teq thread, depending on the nature of the information. A big nickel discovery at GGI would best be on the hard asset thread; a contract for zinc between Teck and Zincnyx for zinc to be used in battery storage would best be on the Clean Teq thread.
**
Of course Ben is the author of the #batteries thread and he will manage it as he sees fit; I can only control my own posts and moderate the threads of which I am the author.
Open to suggestions.
If folks begin to use the topic entries in the comments, you’ll be able to forever find the comments on any particular Stock regardless of which thread it’s on.
Just start typing the name of the company or the ticker into the topic box — it will auto fill if there’s a match, if there’s no match just leave it and we’ll catch up and add it manually (we can’t let people add new topics, otherwise all standardization would be lost because there could be a dozen different ways to write Clean TeQ, for example, and they’d all lead to different topic pages).
Just starting this now, but I’m hoping it will eventually be widely adopted by readers as a way to create useful “topic” pages to make commentary from readers and authors more discoverable.
$No ticker
Travis, while the add a topic suggestion is a good idea, here are two points to consider:
1. This ship left the port a long time ago. Thousands of comments later may make the value add for this idea low.
2. Unless you make this a mandatory requirement before a comment will post, adherence will be low. Just consider the issues we have with having everyone put $ABC in each postt.
Good idea for companies and subjects that have relevance on more than one thread, like MGX or vanadium.
GGI—NP….Found this for you longs….http://www.pennyminingstocks.com/garibaldi-resources-a-big-scam-or-the-big-score/ ….Cowboy
MGXMF– Long…..Article from Rockstone Research on MGX… http://rockstone-research.com/index.php/en/research-reports/4105-MGX-Assembles-Dream-Team-For-California-Lithium-Strategy …..Cowboy
$GGI…there is nickel and zinc (potentially) at $GGI and $MTS but I think these two are better suited for the Hard Asset thread.
Let’s try posting over there for them. I know there is overlap, but it can’t be helped.
When things aren’t so good and almost everything is down, no one wants to talk about it… That’s there scary part: https://www.asx.com.au/asx/markets/equityPrices.do?by=asxCodes&asxCodes=auz+clq+jrv+ncz+arl+mei+cob+fzo+pil+vec
Human nature. It’s hard not to be emotionally affected when prices go down; but daily fluctuations should not affect our long-term opinions and positions.
Over a period of time, we might have a change of heart if we think the fundamentals have changed.
But if we still are persuaded of our long-term positions, then the corrections should be looked at as opportunities. My opinion of the companies I have is not changed on account of a bad day on the stock price.
If you are a trader, then that is something else.
Yeah, its a pain.. I sold some of my little plays today in asx mining sector and poured the cash into Clean Teq as a stock of conviction.. hopefully we will see better days soon, last two weeks were pretty bad.. the story is only getting better, thats what keeps me relatively calm. Good luck to all.
Whenever I have a rough day in Clean Teq, I just go to their website and read through it again;
and review all the reasons for being in it, and think of the impending catalysts that are likely to become realities in the near future.
Not sure If this fits here?
Some Essential Reading on Strategic Minerals.
Includes most we are looking at being involved in, no mention of scandium, but that doesnt mean anything IMO.
1/29/2018
http://www.nationaldefensemagazine.org/articles/2018/1/29/some-essential-reading-on-strategic-minerals
It’s not often that a report produced by the U.S. Geological Survey should be of note for those in the defense world.
Late in December, and to little fanfare, the Department of Interior and USGS released “Critical Mineral Resources of the United States: Economic and Environmental Geology and Prospects for Future Supply.”
This is the first U.S. government-produced comprehensive report on strategic minerals since 1973. The authors of the introduction don’t just state the merely obvious — but the incredibly obvious — when they said there have been many changes since then. No kidding!
As the report notes, until around the 1950s, only about 15 metallic elements on the periodic table had any practical use. Today, just about every element on the table, metallic or not, has some important purpose in U.S. industry including national security programs.
“For example, the manufacture of a modern computer chip requires more than one-half of the elements in the periodic table. Even though many of the elements may be present in only small amounts, each is essential to the function and performance of the chip,” the report noted.
The problem is that the United States doesn’t always have an assured supply of these critical elements. The report covers 23 mineral commodities viewed as vital to the national economy and national security.
For a number of these commodities — graphite, manganese, niobium and tantalum — the United States is currently wholly dependent on imports to meet its needs, it said.
It would be cheeky to say, “National Defense read the report so you don’t have to.” It arrived at a whopping 863 pages. However, the better part of a day was spent skimming its pages looking for facts pertinent to the magazine’s readers.
Here are some headlines for a few of the essential minerals used in national security technologies.
Rare-Earth Elements. It was about seven years ago when contributors to this magazine sounded the alarm about rare-earth elements and China’s near monopoly producing this category of minerals.
The elements are used in an increasing number of renewable energy and military products and new applications are being discovered, the report said.
The attention in the media decrying China stockpiling and imposing export quotas on the elements did prompt some new mining ventures and one idle mine in California to resume production for about four years. It went idle again, unfortunately. There are about nine other potential U.S. sites, but low prices have prevented further development. China still produces about 90 percent of the world’s rare-earth element supply.
There have also been efforts to find ways to recycle some of the elements or find substitutes. Despite the new mines and other efforts, experts still say there is high risk for global supply disruption which could have an impact on “high-tech military components.”
“This is the first U.S. government-produced comprehensive report on strategic minerals since 1973.”
Manganese. The Defense Department “rates manganese as one of the most critical mineral commodities for the United States because it is both essential for industry and has no substitutes, and because of the potential for and the likely effects of supply disruptions,” the report said.
Most manganese is used to convert iron ore to steel. Without it, no steel production is possible. In other words, no tanks, no ships, no I-beams. While it is one of the most abundant minerals in the Earth’s crust, the United States doesn’t have any economically viable reserves on land. The seabed does hold some potential as a future source, the report notes.
Cobalt. “Cobalt’s diverse uses — particularly in parts for aircraft turbine engines; in numerous magnet applications, including marine propulsion systems, missile guidance systems, sensors and radar; and in machine tools — make it important to the U.S. military and civilian industries,” the report said.
The highly volatile Republic of Congo mines more than half of the world’s cobalt, which it ships to China for refinement. That’s two potential points of failure. The United States produces a small amount of the mineral as a byproduct at other mines but ends up buying most of what it needs from China. The U.S. has a strategic stockpile of cobalt, and it can recycle, but most aerospace engineers will say there is no substitute for this vital mineral, especially when it comes to jet engines.
Titanium. It’s one of the world’s most abundant minerals and is considered essential for modern industrial societies. The United States produces only 4 percent of the world’s supply, the vast majority of which is used for paints and pigments. However, 2.5 percent of it goes toward titanium alloys used in aircraft manufacturing.
Global consumption of titanium by the defense industry was expected to increase by slightly more than 30 percent between 2010 and 2015, the report noted, with the United States and China competing for resources.
“New lighter and fuel-efficient aircraft and ground vehicles will require significantly more titanium in their structures to reduce weight and increase durability,” thus fueling more demand, and perhaps increasing prices as production and refinement are dominated by only a few companies, the report noted.
Vanadium. Vanadium-titanium alloys have the best strength-to-weight ratio of any engineered material yet discovered, the report said. When combined with titanium, it produces a stronger and more stable alloy, and when combined with aluminum produces a material suitable for jet engines and high-speed airframes. “No acceptable substitutes exist for vanadium in aerospace titanium alloys,” the report said.
Readers can take some comfort knowing that the United States is not alone when it comes to competition for these strategic minerals. No single country is fortunate enough to have everything it needs within its borders.
However, growing populations, rapidly industrializing societies and the fact that new applications are being discovered every day for these elements means competition for these natural resources among great powers is bound to follow.
The post is entirely relevant on this thread. I would like to maintain focus on battery materials, but also rare
ones with technological impact that are likely to be targets of techno-miners and new extraction technologies.
Your notes from the report did not mention vanadium as potentially a demand item in VRBs, which adds to its
potential imbalance in supply and demand.
There is some overlap with nickel and zinc, because they are base metals that are also used in batteries.
But in general I think we will be better served discussing nickel and zinc on the Hard Asset thread, as they are big tonnage commodities and more often better considered as base metals.
Masdar uses concentration of sunlight to generate heat which is in turn used to drive turbines. No mention of batteries.
No mention of photovoltaic panel composition of sources.
MGXMF–long….News today on their Zinc Battery….https://www.mgxminerals.com/investors/news/2018/319-mgx-minerals-commences-development-of-next-generation-zinc-air-mass-storage-system.html ….Cowboy
Good, the little ones are working so they are making bigger ones. The are going to a modular 20 kW
unit from 5 kW. If they can string together the bigger ones they will be in the thick of things.
Long $MGXMF
While their technology is zinc-based, I think zinc should still be treated as a base metal for our purposes, therefore
zinc sources should be discussed on the Hard Asset thread, when we can remember. Zinc-based technology on the other hand can be addressed on Ben’s battery thread or here since MGX is involved.
I will post there and on the Battery thread for MGXMF from here forward. Thanks HN…Cowboy
Thanks for the great finds. The competition for larger scale batteries seems to be ramping up. I think it is great to be ahead of the curve.
Just was catching up on the battery thread and read about your injury Hope you (and Ben) recover soon.
Thanks deanbob, being ahead of the curve is precarious and not always the best place to be a lesson I learned many years ago working with computers. Hardly anyone recognizes the name of the first DOS anymore, but there was an ardent group that was in contact via modems and BBS, and that helped staying in touch with what was new. That is also what makes Gumshoe so great.
Thanks all for all your contributions and the best to all.
btw MGX and zinc air batteries could be a real sleeper.
Griffin, I am a neophyte here, but I agree on $MGXMF and see zinc flow as emerging as a #3 by virtue of grid storage growth, after Li-NCM in conventional formulations and VRB in grid storage.
I discount ferro-phosphate, which seems to work, until it has a wider supplier distribution than BYD.
I don’t include l-ion batteries in storage batteries. I have yet to see anybody say that a l-ion can be both charged and discharged at the same time, and the experts seem to agree on this. IMO zinc air should be #2 and even a close #2 since MGX is actively releasing updates in all of its endeavors.
Griffin you may be right about Li-NCM for grid storage but they will continue to be massive for conventional applications and in the short-term EVs.
Also, in point of fact, Tesla just sprung a full-flung residential solar installation for a couple of thousand bucks. Opened a second mega-factory for the panels, it is on their website.
Their storage unit is called the Powerwall. Anybody know what materials are in their battery ?
https://en.m.wikipedia.org/wiki/Tesla_Powerwall
Squirrel, agree that Li-NCM may be less tha ideal for industrial scale storage, but as you see from Tesla it is currently in use in residential scale storage.
Cut my teeth on DOS with handsets that were placed in the modem cradles in the early 70’s; ended up in systems software. For me, being ahead of the curve refers to being aware of the new battery technologies and the companies before others are thinking and investing in them. I have been meaning to look at MGX. It looks like it is correcting after a serious run-up since Jan.
Was that CP/M as in one of failed DOS desk top computers that IBM tried to market before the IBM PC? ;]
$No T. Earlier than that. It was IBM/AMDAHL based mainframe running DOS that sent nightly data to satellite offices via the telephone system using the 300 and 600 baud modem (google if you want to see).
Got me, I operated an IBM 1130 in the late 60s. My first was an Osborne One with a 300 baud modem. Enough I’m spent on computers I was a nerd for too many years. Now if I could sell my vintage computer collection I’d have more money to buy CTEQF stock. 🙂
#IBM 1130 Me too. Took up a big room.
I also had the first high school computer class in 1969. So did Steve Wozniak “Woz” in California. Took a whole week to get a turnaround as they had to send to the University to run the punch cards. If you had an error it would take forever to correct.
Last time I came on these threads I was talking about Garibaldi and buying at $ .09 now $ 1.92 and got laughed off this thread. Oh well. I know the advisor who recommended.
What is the upside of CTEQF? Can’t be as high as Garibaldi.3 bagger? Market cap? I hate the Australian trading markets. Primitive..
Dr. KSS has been on a tear for the last year !!!!!!!!!!!!!!!!!
Cleveland, you were not laughed off this thread.
You were asked point-blank if you recommended adding at the level it was at at the time of your post, and you said “NO.”
The stock was not anywhere near 9 cents when you brought it to the thread. And my call-outs about the questionable nature of their detection technology seem to be accurate. They have better luck with Lightfoot’s essays than they do with their magnetic equipment.
Let me ask you again right now, do you recommend GGI at the current prices ?
And by the way, if you dislike the ASX Cleanteq is available on the TSX.
We would all appreciate a great mining pick from you, or something constructive if you have it. You do great
analysis. Your exposition on $ARTH was tremendous.
you knew the company better than anybody.
How’s it doing these days ? I haven’t been following it, I’m out with a profit.
Thanks for dropping by Cleveland!
Yep took up a room, some of the error msg were not politically correct. 😉 I was hooked on computers from then on. Since I lived in the Silicon Valley there were a number of early computer stores to visit not to mention surplus electronics stores. Had a friend that was an engr at singer link. His neighbor was a mask designer at Intel and worked on the 4004 and 8080.
The upside of CTEQF is huge we have seen a few contracts signed so fat but they are just a drop in the bucket. CTEQF is not only a miner but uses the same technology to clean water that it will use in the mine. CTEQF will be mining Cobalt, Nickel, and Scandium. Cobalt supply is going deficit, Nickel is spot price is going up, but Scandium supply will create a whole new metal market upside unreal.
You and DrKSS have no equal, it’s unfortunate that you and the DR do not get more respect. I think the good DR is just beginning to hit his stride, I hope I can donate more to his travel fund in the future. IMO with your help the DR could be on a tear for many years to come.
Here’s the $64 mil question what do we need to do to get you to visit more often? a spreadsheet,,,,
$CTEQF, $MGXMF, $ECSIF
#Griff You are the bomb !!!!!
Not welcome here. I have a PHD in this area. Got it loosing over a million $ in this area. I staked Voisey Bay !!! I lived Bre-X—Watch movie Gold. I hope you make a fortune.
I always thought that nanotechnology
would figure out the gold formula….. I think they will eventually. I have hung out with every Gold Bug in the world including Rick Rule.
Like everyone here I too thought I was smarter than all….did more dd. LOL I was WRONG.
Keep you eyes wide open !!!!!!! Thumbs down !!!!!!!!!!!!!!!!!!!!!! LOL
You were also wrong when you came onto the thread and declared that CleanTeq would not succeed in extracting gold with their method.
You could not tell the difference between the crooks at Bre-X and Robert Friedland.
And you are changing your tune when you say
“I always thought that nanotechnology
would figure out the gold formula.”
You ridiculed the idea and predicted failure.
Cleveland What is your present view on when $ARTH will recover and if now is buying opportunity.
Still long.
You turned loose a $million on Voisey Bay? Or you lost a $million??? That is a huge find as it has turned out.
“What is the upside of CTEQF? Can’t be as high as Garibaldi. 3 bagger?” …you tell us.
IMO Max upside may be lower, but degree of probability for success is a lot higher. And the downside risk is very high with GGI compared to Clean Teq.
Would love to hear your opinion on where these two stocks will be in one year.
$KSS biotech. Believe the rewards are greater. Lessons have been learned. System has been perfected. In Biotech it is all about reverse splits to prolong the game.
The Cleveland ratio is looking at the total capital raised since inception to the market cap today. The normal Biotech ratio is that for every $ 1 raised the market cap is $ 18 cents. However there are those that are positive.
My biggest problem is there are far too many crooks in the mining industry and I was never any good at figuring it out who they are.
There are ways to make enormous returns in Biotech. You just have to be playing chess when everyone else is playing checkers.
#Co, #Cu, #Li#, Metals.. Top chart movers for 2017 according to Hartleys.
https://www.stockgumshoe.com/2017/02/microblog-scandium-cobalt-and-water-purification-cleanteq-holdings/comment-page-15/#comment-4965378 Show me
Then go to the biotech thread. Thank you.
Most of my money is with Robert Friedland or Nolan Watson. I am not worried about their integrity.
The losses of investor capital incurred by biotech companies might be of interest to the nice folks over on the biotech thread.
It is not of interest here, this is a thread about metal commodities.
Your own figures show that the average losses of investor capital are over 80%. You may think this is
a fertile hunting ground for gains but it means you need a 5x return on 1 winner in 5 just to break even.
This is not chess or checkers. It is playing roulette
and betting on black when 80% of the numbers in the wheel are red.
#ThumbsDown When I run into my next $ $.09 Garibaldi I just might forget to come by here.
BTW I have figured out how to make a fortune in a particular metals market………….
You have not made one positive contribution here, Cleveland. I ask you for a pick, you refer us to Dr. Kss’ bio thread.
I ask your opinion on Clean Teq’s potential, you do not answer.
I ask you for your forecast on GGI, you do not answer.
I ask you about Arch Therapeutics, you do not answer.
It won’t hurt if you pass us on your next 9 cent mining pick, because you have never given us one to begin with.
You brag about your experience and bluster a lot, but you do not contribute anything.
It is a shame, I have seen your research, I have even complimented you on it.
You are a smart guy.
But if you cannot be civil, answer questions put to you, and make a positive contribution, THEN GET LOST.
No Ticker Well Cleveland, if you don’t stop by here to share your picks, perhaps you want to start your own thread where you put forth your pick and present it. it’s too bad we all can’t just get along.
Hendrix and you both deserve respect for your analyzing abilities. No need to compete or try and outdo the other. That’s not the point of this site. We are here to help each other. People disagree sometimes and that’s OK and should not result in feeling not welcome on the thread. This is Hendrix’ thread though so there is that to consider.
Congrats on GGI! If you find another one like that either stop by here or write your own thread.
See you on the bio thread!
$no ticker…anyone is welcome as long as they follow the guidelines and make a positive contribution.
I do not hold grudges. Cleveland has a lot of brains and I am sure he could make some great contributions.
But the fact is that he has not made any contributions.
Not one timely pick, not one opinion or forecast accompanied by his reasoning, or any specific information on a suitable mining investment.
We have declared novices who admit they do not know a lot, but they at least provide links to interesting and thoughtful material and provide encouragement.
Yet here is a self-proclaimed “PhD” expert who contributes nothing but insult and braggacoccio, and who rudely refuses to answer questions about his comments, and who distorts the statements and positions made by himself and others.
**
It is great that he did well on GGI. I’m glad for him. But he was not here arguing for it when it was nine cents, he did not recommend it when he introduced it on the thread, and has not even bothered to state his position on GGI as a current entry despite being asked twice for his opinion.
It is not helpful to anyone to brag about it afterwards, or claim expertise because you met Rick Rule and lost a lot of money. He has a negative experience in mining and he has called out his opinion that biotech is a better opportunity.
Well and good, he should go to the biotech thread. I have the opposite experience, although I did not lose as much in biotech as he claims to have lost in mining.
**
And I the highest level of respect for Dr. Kss and the many really great contributors on his thread. But I have done better in resources.
Thanks, Niiz. I reiterate that everyone, including Cleveland, is welcome on my threads if they follow the guidelines, which include making constructive input, and having a positive and friendly attitude.
Some courtesy and responsiveness is also appreciated.
I dislike blasting anybody in public, and apologize for losing my editorial temper. Getting into ad hominem
exchanges does not help anybody.
Sometimes the chemistry is not good between people and just doesn’t work very well. As I say I have a lot of respect for Cleveland’s research efforts, he is clearly a smart guy, but I wish he would direct his efforts in a more productive avenue with respect to resource stocks if he is going to post here.
His only actionable message is that he prefers clinical biotech as an investment sector. That is fine; my feelings are not hurt; I tried it myself, and encourage those interested to take a look.
But my experience is the opposite, and that is why I devote a lot of time to hard asset and resource stocks, instead of biotech on the excellent threads of Dr. Kss.
$No ticker
Cleveland, would you share what you’v figured out? I am sure there are others who would appreciate your thoughts?
Thanks for the well wishes deanbob. MRI said I had two bad tears in the meniscus. One in each direction, whatever that means, All I know is that it hurts ! And some arthritis in there too. Gona do surgery in the middle of March…so..Hurry up and wait I reckon…Cowboy
What? Did a big ol’ Bull throw ya?
Get some ice. Some for the knee and some for the beer! Get better Cowboy.
Nope ! Not this time edski. Happened many times before though, just didn’t get hurt. Too many years climbin poles, most likely, wasn’t good on my knees, then a little fall from rollin off a small round piece of firewood while splittin said wood did me in. Got all twisted and hyper extended. Thanks for the good wishes….Cowboy
Cowboy, use your judgment. Some of the MGX initiatives might not have anything to do with batteries…such as a development in extraction of minerals from coal or oil waste, which they are involved in.
That would clearly have relevance on this thread because it involves water purification and techno-mining; but is has nothing much to do with batteries.
Conversely, if $MGXMF subsidiary Zincnyx lads a big contract for zinc-based storage, it has everything to do with batteries and only tangential implications for zinc as a commodity.
Will do HN….Cowboy
$FSSTF – First Cobalt Completes First Phase of Muckpile Sampling Program
http://www.firstcobalt.com/investors/news/first-cobalt-completes-first-phase-of–muckpile-sampling-program
This is an interesting company in that they are either directly or indirectly competitive with $CTEQF, $MGXMF, and maybe $PEMIF. HN is correct including technology in his catagories. Another lithium stock that could be included in technology would be Nemaska Lithium.
$CTEQF, $MGXMF long FSSTF np
$CTEQF We are going top get an announcement about a scandium partnership in less than 5 minutes. On the edge of my seat.
https://hotcopper.com.au/threads/ann-scandium-partnership-agreement.3989104/?source=email#.WnDv5-fLg2w
Yes, exciting times….
Key points for me
– The agreement establishes a two-year development program to investigate the functional and commercial benefits of scandium in a range of aluminium alloys currently used in China’s automotive and aerospace industries
– Chinalco is China’s largest nonferrous metals enterprise; second largest alumina producer; third largest primary aluminium provider and the fifth largest fabricated aluminium producer; investing heavily in developing the next generation of advanced alloys to be adopted in China’s growing automotive and aerospace sectors;
– As the largest resource in the world of this rare metal, Clean TeQ Sunrise will become an important source of global supply for decades to come; partnership… will accelerate the adoption of scandium-containing alloys in China’s transport sector.
From HC
Unless I am missing something, a two year development program in itself does not make Clean Teq Sunrise an important source of global supply for decades. Let’s see what the whole deal is about first. It would be great if that was the case.
We can all hope it develops into that.
Check their news releases. They are hiring people and heavy equipment with three-year lead times are already in Australia. They have an offtake with a top Chinese battery maker for 20% of their total production, they are in the process of getting financing from four different bank syndicates. The mine is getting built as fast as they can build it.
They will be producing in two years at the outside.
Their head start is one of the reasons I am so bullish on them.
Edski, caution is a very good investment trait, but this announcement is not an isolated surprise.
Clean Teq is already on board with Airbus in scandium. Scandium powder is being sold by AP Works for 3D scandium printing in transport and aerospace.
Clean Teq will ramp up scandium as demand develops. Mark my words: they WILL BE the world’s largest producer, probably in no more than 36 months from right now…at the latest.
Airbus in Europe. Chinalco in China.
Done deal for Sunrise.
The first one in the door is usually a good bet for follow on contracts, not always, most of the time. It maybe even more true when dealing in Asia where they consider their honor at stake if they loose a business partner. This is something I became familiar with working at a computer that bought their parts from Taiwan.
edski,
A while ago there was a news release from a scandium developer that brayed about an “off-take agreement” with and R&D company to develop applications. The R&D company had no visible ability to buy anything and it was clear they were going to try to make samples or prototypes.
In that situation, your sceptism would be on the mark.
But this is way different. The R&D company is the research arm for a major aluminum producer. They are working with a top Chinese research university.
**
Think about what the guys at the aluminum company are saying to themselves:
“Drat. Those guys in the steel industry have been getting all the transport business since forever because our product, aluminum, isn’t as strong as steel and has some other drawbacks. It’s hard to repair and can’t be welded.
But gosh aluminum is so much lighter than steel…it would fit right into this fuel-saving thing. Less weight, less fuel. Even if our plate is more money, we could sell the aircraft companies because they are going to cut their fuel bills in half.
IF ONLY we could just figure out a way to make aluminum stronger, and weldable…then… OH MY GOD, we could get our aluminum into all those planes, trains, busses, and cars. Trucks, too. IF ONLY we could find a way ! How much more business we could do !”
Enter Clean Teq with scandium, and
Friedland with his impeccable credentials with the Chinese establishment.
No wait…even better…enter JIANG ZHAO BAI, co chairman of Clean Teq, who IS the Chinese establishment, who owns half of Clean Teq.
Do you doubt even for a moment that Chinalco is not going to go all-out on scan-alu alloys ? And who do you think will get their business on scandium ?
& Hendrixnuzzels this company as well out of australia is worth to look at , they work as well indirect with Grafoid
https://investorintel.com/sectors/technology-metals/technology-metals-intel/australia-the-emerging-scandium-powerhouse/
$JRV.asx – “And Jervois is still in the game with its own NSW project, which it describes as the largest in NSW “and probably the world” with 2.67 million tonnes grading at 435ppm scandium.” https://investorintel.com/sectors/technology-metals/technology-metals-intel/australia-the-emerging-scandium-powerhouse/
Fair enough but you will be paying a lot more for Clean Teq when you wait and see. Everybody else will see it then also.
OK! Thanks for the slap across the noggin, guyz.
I am in already, have been, but just reading that one part of the announcement read that there was only one thing signed for two years of research.
I know how I want it to go, and I’m with you. Maybe it’s just my fear of Chinese manipulation still talking to me.
A lot of youz guyz like to post music to accompany your thoughts and feelings. Here’s mine:
“I, ain’t got no money”…………….
No slapping intended. You have been super.
Every other post from you has an interesting stock. Don’t stop or take offense.
I don’t have enough money to go after all your picks, either.
No offense taken at all. It was referencing a wake up slap kinda deal, is all.
Too many real problems in the world without so many people getting pissed at their Thumbs up or down score.
Another great partnership, the spider continues to cast its web in the Chinese space, the upside is unlimited.
More fur in the Chinese hairball. We can now be sure of 2 off-takes for the scandium…one to Airbus, one to Chinalco.
renby,
a really great thing is they do not need to do any more of those infernal reports. The scandium is all a plus to the studies for Sunrise, it was counted as ZERO because it is “too speculative”. We’ll just have to bank on the cobalt and nickel for now. And the water purification.
Oh, and the techno mining. Forgot they just did a gold deal…wasn’t that big a deal.
Clean Teq IR: “Scandium’s gonna take too long to develop. We are not counting on it. Nothing in the projections for it.”
Then…BOOM. Patents filed on scandium processing, and now this announcement.
**
Isn’t it great to follow a company that understates their case all the time, exceeds expectations, and makes things happen, instead of blowing their horn about every little thing that might titillate investors ?
$CTEQF Getting in at the beginning of this company is pure excitement, everything they are into couldn’t be more timely, more blue skies, and the web of connections that are forming will carry it for decades. Its like watching a mansion get built, piece by piece, steady progress, and you get the feeling the end product is just going to be amazing.
Right on cue !
How timely:
” Whenever I have a rough day in Clean Teq, I just go to their website and read through it again;
and review all the reasons for being in it, and think of the impending catalysts that are likely to become realities in the near future.”
A few hours later came the Chinalco announcement.