Gold, Silver, Copper, and Hard Assets…Fall 2017

By hendrixnuzzles, September 21, 2017

This is a continuation of the predecessor thread titled:

“Gold, Silver, and Hard Assets…Summer 2017”.

After my lengthy introduction, guidelines, disclosures, position summary,and warning notices, I will re-submit some meaty posts on Ivanhoe Mines which I think deserve attention and provide a timely change of emphasis; and I will also summarize the findings from the Hendrixnuzzles Crystal Ball, which has been churning out ideas that may or may not come to pass in the near future.

PURPOSE The purpose of this thread is find and discuss good investment ideas in gold, silver, and other selected metals, with a long-term or intermediate timeframe. We are not a short-term trading thread, although occasionally we may perceive short-term trading opportunities based on anticipated news, drilling, or transactions.

FOCUS Gold, silver, copper, nickel, platinum group metals, zinc, uranium.

NOT A FOCUS: Scandium, cobalt, aluminum, manganese, lithium, and aluminum; metals other than copper and nickel that are primary targets in battery technology, and developments in extraction and technology These are better discussed on the thread “Scandium, Cobalt, and Water Purification: Cleanteq Holdings”. Some overlap is unavoidable but this should be kept to the minimum amount possible.

AUTHOR BIAS AND BAGGAGE I have major two themes: long-term capital preservation based on metals, especially precious and demand industrials;
and big capital gain speculations based on them.

This second theme can lead to very speculative investments in exploration and development. This can be in conflict with the theme of capital preservation.
I cannot fully reconcile this paradox. So I can understand if a reader does not feel inclined to put money into these speculations. .

I favor royalty companies, developers, small cap miners, developers, and explorers. I have significant positions in physical metals but it is boring to talk about them and our focus here is elsewhere.
I believe in the concept of optionality as propounded by Rick Rule. Because of this I am of the opinion that , in general, MINERS SUCK. I am wary of big-cap miners, ETFs, and indexes. I am strongly influenced by leadership and management. Most of my metal investments are not miners unless the mine is run by Robert Friedland.
I will consider big caps when a bull market is established. I like low-priced speculations with good discovery odds and clear chances of being taken over or JV’d.

My favorite jurisdictions are Canada and Australia, but I will look at sketchy neighborhoods if I think the story is compelling.
I have become a big fan of Robert Friedland. His companies have evolved into a major component of my portfolio and interest.
I believe gold and silver prices have been manipulated and suppressed by powerful groups, including and especially governments and central banks.
I think these efforts will eventually fail, but they can visit havoc on prices and values in the meantime ,and keep prices artificially low for long periods.
Accordingly, I have shifted a fair allocation of my holdings away from gold and silver, and into copper and other metals that I believe will benefit from the trend towards electrification.
My percentage of gold and silver assets is still probably much higher than that of most people. .

POSITIONS My largest positions are Cleanteq Holdings, Sandstorm Gold, Ivanhoe Mines, and Pretium Resources.
If I want to reduce exposure to gold, the gold sector, I would reduce Pretium before Sandstorm.

My positions, in order of size within category::
Miners, even though they suck:
$IVPAF Ivanhoe Mines (copper, zinc, PGMs)
$PVG Pretium Resources (gold)
$MAG Mag Silver (silver)##
$MUX Mcewen Mining (gold, copper)##

Royalty/streamers:
$SAND Sandstorm Gold
$WPM Wheaton Precious Metals

Developers:
$CTEQF Cleanteq (scandium/nickel/cobalt- discuss on other thread) ##
$SA Seabridge Gold (gold)
$BCEKF Bear Creek Mining (silver)
$ERDCF Erdene Resource Development (gold)
$PTNUF Platina Resources (cobalt/scandium, discussed on other thread)
$UEC Uranium Energy Corp (uranium)

Exploration speculations:
$CDBMF Cordoba Minerals (copper)
$CMDRF Commander Resources (nickel-discuss on other thread)
$CLASF Colorado Resources (gold)
$KNTNF K92 Mining (gold)##
$CNRIF Condor Resources (silver)
$CCNCF Kaizen Exploration (copper)
$KVLQF Kivalliq Energy (uranium, multi-metal)

Physical and redeemables:
$PSLV (silver bullion redeemable physical trust)
Physical gold and silver

## notes:
CTEQF is a technology and water play besides a being a mine developer
MUX is a gold miner but I have it for their copper prospect.
K92 is a producing but needs discoveries so I class it as an explorer.
MAG is considered a miner but they are more similar to a royalty company
****
DISCLOSURES. I am a retired executive and an amateur investor. I like both fundamental and technical analysis.
I also surrender to flights of intuition and paranormal insights when they come to me.

I am a medium-term to long-term position player and prefer to discuss stock investment in that context. As more of my capital moves into conviction stocks, my transactions have become smaller and less frequent, and my standards for taking new positions have become higher.

I am not an expert in any of the commodities discussed, nor am I qualified to give advice. And by no means do I have any expertise in geology or metallurgy.

I express opinions and positions. These are not advice or recommendations, which I remind you I am unqualified to make. I change my mind frequently and my opinions are subject to change at any moment. I intend to keep the thread current but I cannot guarantee that I will tell anyone when I have changed my mind on a particular stock .

CAVEAT EMPTOR. You are responsible for your decisions, and I am responsible for mine. Do your own due diligence.

Everyone makes mistakes and I make more than my share.

***
Political developments and topics should be introduced only when they have a clear relevance to the commodities or companies under discussion.
Given the national and world situations, an occasional outburst of outrage, disgust or indignation is tolerated and understandable. .

I would like to operate in a friendly, honest, and constructive atmosphere.
So try to be nice. Try to have reasons for your opinions. Facts and speculations are both welcome, but be sure to distinguish between them.

Spelling, punctuation, and grammar matter. Everybody makes typographical errors and I am as guilty as the next person. But If you make a lot mistakes or are careless about these things, you are sure to be making errors in other more important things. So it detracts from your credibility even if your idea is good. Besides, it’s annoying.

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.

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582 Comments on " Gold, Silver, Copper, and Hard Assets…Fall 2017"

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williamstown
Guest
0
williamstown

Ss and Ben re AUZ asx don’t follow, some posters on HC are saying that they owe monies to JRV and for another project, maybe needs to be checked, if not already aware?

deanbob
Irregular
27
deanbob

http://jervoismining.com.au/royalties/
“AUZ must pay a 1.5 percent royalty on the gross value of any mineral production. By paying $500,000 in September 2017 and a further $500,000 in April 2018, it can extend the exercise date of the option to September 2018. The deal gives Jervois no certainty over option payments or exercise, although AUZ has raised $6 million on the strength of the deal and its market capitalisation has risen significantly.

This project is carried in the Jervois accounts at $542,000.”

secretsquirrel
Irregular
585
secretsquirrel
Thanks and yes read on HC that a royalty is due on the recent purchase over and above the $$$ figures. See deanbob’s post for details. The deal seems good, I guess the markets like it. My dd for buying in were and did read a lot. Anyway it was very cheap, had colbalt, liked the name as sounded BIG, was a possible takeover candidate by CleanTeQ and lastly I wanted to own millions of shares in a company and Benjamin Bell was impressive, he’s the ceo btw. Downside was the amount of shares issued, but this is apparently usual… Read more »
denton
Irregular
175
denton
South African mining information from Pierce Points, Dave Forest. South Africa’s Chamber of Mines made a surprise move, officially filing for a judicial review of the country’s controversial new mining code. With the Chamber asking judges to set aside the legislation, which they say is having a “disastrous effect” on the country’s mineral industry. The Chamber’s opposition to the new code is well known. But here’s the critical point: last month, Chamber representatives had agreed to drop legal action against the government over the legislation — after mining minister Mosebenzi Zwane agreed to suspend implementation of the new code until… Read more »
SoGiAm
Irregular
9023

K92 drilling intersects high-grade copper and gold in Kora Extension Discovery Zone http://www.advfn.com/p.php?pid=hosted_solus&id=MTc1NjE%3D&u=%5B%5Buserid%5D&mid=%5B2%5D from ADVFN

secretsquirrel
Irregular
585
secretsquirrel

GGI, MTS updates/romors and pure speculation!

Both finished at all time highs 3.89 & 1.45.

GGI PP for $10M was oversubscribed – at $3.15

There were 2 main participants, Warren Irwin CEO of Rosseau Asset Management who spent $3 million. This leaves the other person for 7 million, rumors abound, names in the hat are Ross Beatty, Friedland, Lundin, Trump or any of Sprott’s close friends….

GGI are now getting winterised, but should weather turn impossible then it’ll be cancelled. Sprott was seen on his way up Nickel Mountain with $2000 of various drinks!

The 10M PP closure signing off is imminent.

MTS accumulation continues.

secretsquirrel
Irregular
585
secretsquirrel

GGI, up dated 10M PP, as of information just received.

Warren 3M.
Sprott another 5M
Others 2M.

Sprott now at least 16,5%, my understanding is that 20% is very different strategically to 19,9%. This appears to halt any hostile takeovers. (Of course Sprott can only see any move forward in terms of business $$$ advantage)

Unsure if many here are in this company nd looking in its hard to fully grasp what this could be or not be.

I’m very positive though. …

Long $GGI
Long $MTS

niizajim
Irregular
699

GGI – long Squirrel, can you explain this comment a bit? Sorry. I couldn’t quite follow what you are trying to say: “Unsure if many here are in this company nd looking in its hard to fully grasp what this could be or not be. “

secretsquirrel
Irregular
585
secretsquirrel
Yes very bad English, saying it has the potential of being a truly unique deposit, but it’s so rare these days it might not be, not that i really believe that it won’t be. I hope it is the monster massive nickel mountain that people in the know are saying it is. The dreamer V the sceptic perhaps? Most I’m in touch with believe it’s a $20+, others going much further. Who knows, Sprott has his opinion and I’d guess he or his geos have seen the assays, pure guess/spec. Me I’d be happy with 20 or 40, will take… Read more »
eagerbeaver
Irregular
206
eagerbeaver

I thought this video recently posted by Sprott, in which Albert Liu interviews Rick Rule about their July 2017 Natural Resource Symposium, might be of interest.

https://www.youtube.com/watch?v=a_Ocyn2wxEY&t=2269s

The first half of the interview focuses on Goldcorp’s presentation, with comments on the challenges facing gold companies and speculators. In the second half, Rick Rule talks about his biggest mistake and then answers investors questions, including the people he views as the top jockeys in the natural resource space. The times for specific topics are listed below the video by clicking on Show More.

Griffin
Irregular
1049
Griffin
$CLTEQ – Clean TeQ: An In-Depth Analysis by Laurentian Research @ seeking alpha https://seekingalpha.com/article/4114418-clean-teq-depth-analysis Just received this from Clean TEQ it is another redo/rehash of the Sept update. It appears to be all the same information we have seen before. I did not read it thoroughly so please don’t shoot the messenger. What does appear to have been added is a section at the end called “5. Discussion and investor takeaways” in that section near the end is “Like every other junior mining company, investing in Clean TeQ carries enormous risks. It is still a question mark how the firm… Read more »
hendrixnuzzles
Guest
0
hendrixnuzzles

Griffin does the author give one shred of information we don’t know about ?

Do you think he has any real knowledge about dilution ? Do you think he knows more about any of this than you do right now ?

wpDiscuz