written by reader 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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Griffin
Irregular
Griffin
October 11, 2018 5:54 pm

$MUX – MCEWEN MINING REPORTS Q3 2018 PRODUCTION RESULTS

https://mailchi.mp/mcewenmining/mcewen-mining-reports-q3-2018-production-results?e=9dec8f6bb8

“Consolidated production for the nine months ended Sept. 30, 2018 was 135,344 GEOs, which is 48% higher than the comparable period in 2017.”

MUX long

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jerome50
Member
jerome50
October 18, 2018 6:13 pm
Reply to  hendrixnuzzles

Royal Nickel – RNX.t or RNKLF could be the gold discovery of our lifetime..
Mine already in place and they are pulling out boulders of gold. Lots of info on their website rncminerals.com. also on CEO.ca or stockhouse..

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Lulu
Member
October 19, 2018 8:11 pm
Reply to  hendrixnuzzles

Big chunks of Rocks full of Shiney Gold…..I have some press releases, I’ll forward them to you HN. It’s high was $1.14 on Sept 24. I have been holding this dud since 201213 bought at .50. Sold half, holding the rest.
Jerome has been keeping a post on this, perhaps he has some press releases as I emptied my trash last week. Sorry.

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jerome50
Member
jerome50
October 21, 2018 11:40 pm
Reply to  Lulu

There is lots of info on their website and Mikeymike426 on Ceo.ca was a miner for KL for years and has brought tons of knowledge and DD to RNX. Got in in the 20’s and have loaded up substantially as we find out more what this find holds, I believe the party is just getting started..Who else has an operating mine, pulling out thousands of ozs in one blast and hauling directly to the Perth mint. all other gold miners are excited about grams /ton, here its ozs/ton. will know more over the coming months but I think it will be the discovery of the century!

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dunnydame
Irregular
dunnydame
October 22, 2018 12:46 am
Reply to  jerome50

$RNX.t $RNKLF – no position (yet?)
Jerome/Lulu – thanks so much for bringing this company to our attention.
We know that area well.
“Nickel mineralization is trucked 3km to the BHP Billiton Ltd. (BHPB) concentrator in Kambalda. Concentrate is treated at the BHPB Kalgoorlie smelter. ”
Back in the day, my spouse spent many days on assignment from Western Mining’s corporate offices in Perth working on metallurgical issues at the Norseman (gold) and Kambalda (nickel) operations and he could describe the geology of the claim area before I even read the report to him.
He has an extensive mineral collection and would love one of those spectacular mineral specimens (just a small one tho’ as they will indeed fetch a pretty penny. ) In addition, our daughter was born at the Kalgoorlie Regional Hospital (one of just two babies born that day).
We’re familiar with the Perth Mint too as, later on, our 1,000 oz refined gold bars from Telfer (in the Great Sandy Desert) used to get flown there each week on the gold plane. I traveled down to Perth on the gold plane several times. You get kinda blase about sitting on 160+ kilos of gold bars. (And yes, that was kilos, not plain old ounces (troy). It was a rich mine.)
I also noticed with approval that:
“The disclosure of scientific and technical information contained in this news release has been approved by Kevin Small, Vice-President, Project Development of RNC, a Qualified Person under NI 43-101.”
So there’s your QP, probably a geology QP.
Penny

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denton
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denton
October 22, 2018 10:01 am
Reply to  dunnydame

$RNX.t $RNKLF long. Times have changed for Royal Nickel within the last several months. Looking for financing and their plans to sell Beta Hunt changed dramatically with the Farther’s Day Vein discovery. But keep in mind, their prior focus was on the potential of the Dumont Nickel-Cobalt project. You may want to do some DD on that:

“The Dumont Nickel-Cobalt Project, one of the world’s premier battery metals projects, contains the world’s largest undeveloped reserves of both cobalt and nickel. It also contains the 2nd largest nickel reserve and the 8th largest cobalt reserve of any deposit in the world,” said Mark Selby, President and CEO of RNC Minerals. “Dumont is the only deposit of this scale that is not currently in operation and not owned by a major mining company (the other eight largest deposits are owned by companies that include Glencore, Vale, Norilsk, Sumitomo Corp, and Jinchuan

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SoGiAm
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October 20, 2018 11:29 pm
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Griffin
Irregular
Griffin
October 22, 2018 4:58 pm

$FYI – An Update On Australian Mines
by Matt Bohlsen

Summary
Australian Mines has had a tough 2018, not helped by the recent nickel price fall.
Australian Mines is well positioned in nickel and cobalt with three projects in Australia. Australian Mines state: “Sconi is the most advanced battery metal project of its type in Australia.”
Australian Mines shares have been sold off recently, however an upcoming BFS, further exploration upside, and a solid off-take partner (SK Innovation) should see the stock turn around soon.

https://seekingalpha.com/article/4213231-update-australian-mines?isDirectRoadblock=true

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