This is a late continuation of the predecessor thread titled:
“Gold, Silver, and Hard Assets…FALL 2017”…from which, I quote:
“Everyone makes mistakes and I make more than my share.”
Well, I nailed that one. In 2018, overall my picks were not successful.
Many of the mining speculations were duds. Plus the commodity price landscape was not favorable for the sector.
So there is no particular reason to listen to my opinions, more than anyone else’s.
Caveat emptor. But here we go again, hopefully for a better year.
PURPOSE The purpose of this thread is find and discuss good long term investments and speculations in gold, silver, and other selected metals. We are not a short-term trading thread, although occasionally there are short-term trading opportunities that may arise.
FOCUS Gold, silver, copper, nickel, platinum group metals, zinc, uranium.
NOT A FOCUS: Scandium, cobalt, aluminum, manganese, lithium, and aluminum; and developments in extraction and technology. These are better discussed on other threads. Some overlap is unavoidable but keep it to the minimum.
AUTHOR INTENT…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, as it was for me in 2018.
I cannot fully reconcile this paradox, and I can understand if a reader does not feel inclined to put money into these vehicles.
BIAS…Obviously I am biased to hard assets…see title of thread. I favor royalty companies, developers, and miners. My enthusiasm for exploration has been reduced, as my efforts in that sector were failures for the most part last year. But they are still entertaining, and the memory of a few big hits keeps me interested.
I have significant positions in physical metals but it is boring to talk about them,
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. I am a big fan of Robert Friedland. His companies have evolved into a major component of my portfolio and interest. I consider him to be without peer in the mining development business. I am partial to other personalities in the mining business, such as Watson, Sprott, Rule, Mcewen, Lundin, Keevil, Lassonde, and a few others.
My favorite jurisdictions are Canada and Australia, but I will look at sketchy neighborhoods if I think the story is compelling.
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.
POSITIONS My largest positions are Cleanteq Holdings, Sandstorm Gold, Ivanhoe Mines. My percentage of gold and silver assets is still probably much higher than that of most people.
Clean Teq is my largest position but is not a primary topic on this thread.
Positions :
Miners, even though they suck:
- $IVPAF Ivanhoe Mines (multi-metal, 3rd largest position)
- $MAG Mag Silver (silver)
- $MUX Mcewen Mining (gold, copper)
- $SCCO Southern Copper
Royalty/streamers:
- $SAND Sandstorm Gold (2nd largest position)
- $WPM Wheaton Precious Metals
Developers:
- $CTEQF Cleanteq (#1 largest position, discussed on separate thread)
- $SA Seabridge Gold (gold)
- $ERDCF Erdene Resource Development (gold)
- $MGMXF MGM Minerals
Exploration speculations:
- $CNRIF Condor Resources
- $LNZCF Sama Resources**
- $SRI Sparton Resources**
- $ARRRF Ardea Resources**
- $CMDRF Commander Resources**
- $KVLQF Valore (formerly Kivalliq)**
**Sama, Sparton, & Ardea are discussed on Clean Teq thread; Commander and Kivalliq are “stub” positions left over from failed speculations
Exits…Kaizen, Cordoba, K92, Colorado, Pretium, Platina, UEC, Bear Creek
____________________________________________________
DISCLOSURES. I am a retired executive and an amateur investor. I like both fundamental and technical analysis. I 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. Remember, MINERS SUCK and most mining project FAIL.
***
POLITICS Political developments and topics should be introduced only when they have a clear relevance to the commodities or companies under discussion. An occasional outburst of outrage, disgust or indignation is tolerated and understandable. But keep it low, and no cheap shots.
POSTS We want a friendly, honest, and constructive atmosphere. Have fun, entertain yourself. But if you want to have fun by insulting people, go elsewhere. Be nice, or be gone.
Try to have reasons for your opinions. Facts and speculations are both welcome, but try 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’s annoying, and it detracts from your credibility even if your idea is good.
MODERATION AND CENSORSHIP 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.
If you are suspected of shilling or not having clean motives, or if you are a nuisance, I will cry to Travis, ban you from the thread, and you can start a thread of your own.
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.
Hi all. As an opening post I think it is appropriate to highlight Sandstorm Gold, a royalty company that is my core gold position. While we cannot predict any more than anyone else about the future of the gold price, I would like to recap my major reasons for deciding that this company is suitabkle as a prime non-physical way to take a position in the metal.
1. MANAGEMENT…I am very high on Nolan Watson, his team, and his management style. For one thing, he is an accountant of distinction. This reassures on all matters of corporate integrity. Having reviewed his team and his strategy, he
impresses.
2. UPSIDE…Watson took a big chance on Hot Maden, and all indications are that it will pay off long term. This is not only an undervalued asset, Sandstorm was actually punished for the acquisition stock-price wise.
3. SECULAR RETREAT FROM HIGH-RISK EXPLORATION…I am referring to my own bumps and bruises in the high-stakes gold-in-the-ground sweepstakes.
When I look at Sandstorm Gold’s portfolio of explorers, I figure that they can do a better job handicapping and financing long shots than I can. Nolan has a first-rate geology team and a bunch of tigers negotiating the deals. So I will let my position in SAND satisfy my itch for the long shots, or choose my picks from their impressive stable of prospects. If Tom Bruington thinks it is good enpugh to put Nolan’s cash into it, then I will take a look also. For example, Erdene Resource Development.
4. ALL GROWTH FACTORS POSITIVE…both drilling, ounces added, and quarter-to-quarter growth are there. Also deals added. This is the preference of steady, predictable growth as reflected in the personality of Nolan Watson.
5. Future dividend likely…Watson has repeatedly indicated that a dividend is in the future.
6. COMPARATIVE VALUATIONS…very low compared to peers.
Also, Sandstorm in recent months has received the seal of approval from Rick Rule.
You cannot always bank on his picks (or anyone else’s), but for Sandstorm to get a positive mention fro RR is very telling. Rick calls out Hot Maden specifically as an undervalued asset in the Sandstorm portfolio.
Long Sandstorm Gold, core gold position,
long-term, not a trading stock for me.
$ARRRF – Ardea Resources WA Gold Exploration Update
“At Goongarrie, the BTZ underlies the
entirety of the extensive lateritic nickel-
cobalt deposits. It is host to the numerous
historic gold mining operations that are
exposed in bedrock at the Goongarrie gold
mining centre and historic town site. That
same sequence is almost completely
buried beneath laterite cover adjacent to
the nickel-cobalt orebodies of the GNCP.
As such, surface geochemistry is not
effective, so geophysical target definition
and drill sampling is required.”
https://ardearesources.com.au/downloads/announcements/arl_2018112901.pdf
Lots of graphics.
ARRF long
$ARRRF – 2018 AGM Presentation
https://mailchi.mp/d95b82d69f05/ardea-resources-2018-agm-presentation?e=3466f11741
ARRRF long
MTLFF Long
November 29, 2018
Vancouver, BC: Metallis Resources Inc. (TSX-V: MTS; OTCQB: MTLFF) (the “Company” or “Metallis”) is pleased to announce the second set of assay results from the Company’s 2018 drilling program at its 100%-owned Kirkham Property in the prolific Golden Triangle of northwest British Columbia. The first ever drill program at the Cole and Nina targets totalled 1,645 meters (“m”) of diamond drilling and resulted in the discovery of two new porphyry systems. The drilling assays at the Cole target also included the discovery of a high-grade gold zone containing 11.18 g/t Au over 7.7m including 137 g/t Au over 0.6m.
Drilling Highlights:
KH18-18 at Cole intersected porphyry style mineralization in shallow quartz stockwork zones and sulphides carrying 0.94 g/t Au over 9m and 0.42 g/t Au over 10m. Alteration patterns in the core, geology and geophysics all vector towards a mineralized system to the southeast.
KH18-19 at Cole discovered a high-grade zone of 11.18 g/t Au over 7.7m including 137 g/t Au over 0.6m associated with shallow, intrusion-related massive sulphide veins. These veins transition outward into epithermal sheeted veins located at the Etta target to the west. (MTS New Release – Nov 20, 2018).
KH18-20 (Cole) was drilled along and across the Adam fault cutting through a series of 4-9m gold intercepts ranging from 0.40 to 0.74 g/t AuEq, associated with similar centimeter-scale massive sulphide veins as in KH18-19.
KH18-17, at the Nina target, discovered a new porphyry copper-gold system 1-km to the north of the Cliff target. This major step out hole intersected 180m of mineralized Hawilson Monzonite (“HM”) and breccias highlighted by 17m of 0.33 g/t AuEq and 2m of pristine potassic alteration with 0.34% Cu and 0.25 g/t Au.
$FYI – Nickel Monthly News For The Month Of November 2018
Summary
Nickel spot prices were lower, and the LME inventory was lower.
Nickel market news – Doubts cast on plans for deluge of new nickel supply from Indonesia.
Nickel company news – Norilsk Nickel and Sherritt International Q3 nickel production up 9% and 10%, respectively.
https://seekingalpha.com/article/4225730-nickel-monthly-news-month-november-2018?isDirectRoadblock=true
$Artemis Resources [ASV:ARV], CleanTeQ [ASX:CLQ] long
Secular commodity price trends…the core investment thesis is strongly tied to the secular price trends off the underlying metals, and the anticipated uptrends have not materialized.
My opinion is that the underlying commodity price weakness has overpowered other developments in individual companies and their progress towards production.
There is no sure way to predict how long the secular weakness will last.
It could last a long time; it already has.
As a long-term investor, I am philosphical about this. I feel we are in a good stretch to accumulate. But a short- or medium-term investor will be less inclined to accept this point of view for their objectives and strategy.
Sooner or later I’m thinking the battery metals are going to get pushed up. The exception might be the vanadium Explorers. I’ve had one explorer already more than double.
Pray tell …which one ?
Potentially HUGE new use for gold.
https://www.theguardian.com/science/2018/dec/04/scientists-develop-10-minute-universal-cancer-test
$FYI – Gold juniors have been battered this year — here’s what’s ahead
This is an Australian perspective on the Gold market I thought it was interesting.
https://stockhead.com.au/resources/gold-juniors-have-been-battered-this-year-heres-what-ahead/?utm_medium=email&utm_campaign=Stockhead%20Morning%20Newsletter%20Thurs%20Dec%206&utm_content=Stockhead%20Morning%20Newsletter%20Thurs%20Dec%206+CID_de6cb935e3607bd22849cae054aeba24&utm_source=Campaign%20Monitor&utm_term=Gold%20juniors%20have%20been%20battered%20this%20year%20%20heres%20whats%20ahead
$MUX – MCEWEN MINING ANNOUNCES 2019
TIMMINS EXPLORATION STRATEGY AND FUNDING
This seems more ab out shares issued at a premium than strategy to capitalize on “We want to build on the exploration success of this year’s effort, where we increased our resources and generated a number of exciting exploration targets.”
https://mailchi.mp/mcewenmining/mcewen-mining-announces-2019-timmins-exploration-strategy-and-funding?e=9dec8f6bb8
MUX long
$FYI – Nickel Monthly News For The Month Of December 2018
by Matt Bohlsen @sa – Includes: AAUKF, AXNNF, BHP, ERMAY, FQVLF, GGIFF, GLC
Summary
Nickel spot prices were flat in December, and the LME inventory was lower yet again.
Nickel market news – Many analysts see nickel prices improving in 2019, especially if the trade war and global slowdown fears fade away.
Nickel company news – Highlands Pacific delivers their PFS at Frieda, First Quantum has troubles in Namibia, as does Axiom Mining in the Solomon Islands.
” Stefan Ioannou of Cormark Securities said…. “I think the reality in the case of the battery narrative is that yes, I think nickel at some point will have a place to play there, but it’s a few years out yet in terms of actual consumption of the metal in that space.”
https://seekingalpha.com/article/4230584-nickel-monthly-news-month-december-2018?isDirectRoadblock=true
Long
The complete details of the report below and the contents of their scheduled conference call are at their website
Erdene Announces Positive Preliminary Economic Assessment for the Khundii Gold Project
HALIFAX, Nova Scotia, Dec. 18, 2018 (GLOBE NEWSWIRE) — Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (“Erdene” or “Company”), is pleased to announce the results of an independent Preliminary Economic Assessment (“PEA”) study for its 100%-owned Khundii Gold Project (the “Project”) in southwest Mongolia. The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) by RPMGlobal Asia Limited (“RPM”). The Company will be hosting a conference call today at 10:00 am EST to review these results. A presentation to accompany the conference call will be made available on the Company’s website. Those wishing to join the call can do so using the telephone numbers listed below. The call will subsequently be made available on the Company’s website at http://www.erdene.com.
Conference call date and time: Tuesday, December 18, 2018 at 10:00 am EST
Canada/US dial-in: 1-877-703-1560
International dial-in: 1-647-689-5569
PEA Highlights
After-tax Net Present Value at a 5% discount rate (“NPV5%”) and a US$1,200/ounce (“oz”) gold price of US$99 million and Internal Rate of Return (“IRR”) of 56%
Pre-tax NPV5% of US$135 million and IRR of 70%
Initial capital expenditure of US$32 million, using a contract mining fleet
All-in sustaining cash cost (“AISC”) of US$714/oz of gold recovered
Life of mine (“LOM”) head grade of 3.42 g/t gold
Average annual gold production of 51,200 oz and total LOM production of 412,000 oz
Mine life of 8 years plus one-year pre-production and two year mine closure periods
A payback of 2 years
“Today’s PEA confirms that the Khundii Gold Project is a high-return, low-capital and low-operating cost project that will form the cornerstone development in the emerging Khundii Gold District,” said Peter Akerley, Erdene’s President and CEO. “The Project has the potential to provide strong returns to investors, bring industry and employment to a remote area of Mongolia and add to national gold reserves. We have a long history of operating responsibly in the Country and we look forward to creating value for all stakeholders as we continue to develop this exciting Project.”
“Next steps include a Pre-Feasibility Study carried out in parallel with mining license, construction and operating permit applications in early 2019,” continued Mr. Akerley. “In addition, we will continue efforts to add resources through follow-up drilling on the Khundii licenses and with further exploration in the highly prospective surrounding district. We will also opportunistically acquire additional licenses in the region as they become available.”
Thanks, Deanbob. I am still way long ERDCF even thought the announced reserves in the PEA were far under my estimate.
I am not a short-term trader so I just shrug it off. Erdene will be a valuable company someday.
When I read this quote in IKN this AM, I thought of some of your previous posts that you echo above. I, too, have some positions like that; some of these (ERDCF, CTEQF, IVPAF immediately come to mind) may end up being passed to my heirs – if these are not confiscated in the next decade or 2.
“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. I’ve known many traders who were right at exactly the right time, and began buying or selling stocks when prices were at the very level that should show the greatest profit. And their experience invariably matched mine. That is, they made no real money out of it. Traders who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make the big money.”
– Jesse Livermore
Very shrewd, they can get going on an open pit for just $32 million capex.
They could raise this in about two seconds.
Who wouldn’t want this project for $32 million ?
And spot gold is already at $1300, with a pro forma of $1200/ounce.
From today’s IKN re DRC:
Not usual IKN material, but as this is an important report (that the FT has decided to leave outside its paywall) on the recent election in the Democratic Republic of Congo (DRC), the high likelihood of fraud having been committed there and the exposure that the mining industry has to the country, it’s a good link to offer on this humble corner of cyberspace. Right here, go read, here’s how it kicks off:
Congo voting data reveal huge fraud in election to replace Kabila
FT analysis of 2 voting databases shows Martin Fayulu won the presidential poll
Whole thing here and to confirm, no paywall on this link.
Election fraud…imagine that. I’m glad we live in the United States.
LOL
The point about the DRC is that the politics are an unpredictable roller coaster, but certain assets like KKW and Kipushi will eventually be worth a lot more because the intrinsic value is there.
It might be 2 years. Or 5 or 10. But someday these assets will be valued better,
for sure.
It is like buying a flooded muddy field that you know has a lot of gold coins in it.
You don’t know when the field is going to dry out, or how hard it will be to find the coins, but you know the coins are there, and at some point the price of the field is a bargain compared to the coins that you know are in it.
Would that flooded muddy field be Seabridge? Hello HN.
Long time no writing here, as I have been taken away from SG because of life’s happenings. Hope that everyone is doing well….(healthy, that is), cause I am sure that I know how everyone’s portfolio is doing.
$MUX – MCEWEN MINING REPORTS 2018 FULL YEAR
AND Q4 PRODUCTION RESULTS
https://mailchi.mp/mcewenmining/mcewen-mining-reports-2018-full-year-and-q4-production-results?e=9dec8f6bb8
MUX long
K92 Mining. Long. Results of the Preliminary Economic Assessment (PEA) update.
Mining production and plant processing capacity could be increased to 400,000 tonnes per annum over a period of approximately 12 months;
Could achieve an NPV5 of US$710 million pre-tax , or US$559 million after tax, and an Internal Rate of Return (IRR) of 350%;
Over a 13-year period, the plant would treat 4.9 million tonnes averaging 9.0 g/t Au. 20 g/t Ag and 1.3% Cu;
Average production of over 120,000 oz AuEq* per annum with cash costs of US$429/oz AuEq* and all-in sustaining costs (AISC) of US$615/oz AuEq* ;
During the first five years, average production of over 145,000 oz AuEq* per annum; and
Initial Capital Cost of US$13.6 million for the expansion.
John Lewins, K92 Chief Executive Officer, states, “The results of the PEA show a robust project capable of producing almost 650,000 ozs Au and 10,000 tonnes of copper over the next five years and over 1.3 Mozs and 60,000 tonnes of copper over a 13-year life. With cash costs of only $429/oz AuEq and AISC of $615/oz AuEq, the PEA indicates a project pre-tax NPV5 of almost US$400 million in the first five years and over US$700 million over the life of the project.
Importantly, the PEA is not for the proposed development of a new project, but for an expansion of our producing Kainantu operation which produced over 45,000 ozs AuEq in 2018 at a cash cost of below US$600/oz AuEq. The operation is expected to produce in excess of 60,000 ozs AuEq in 2019 assuming no expansion, or over 80,000 ozs AuEq with the expansion envisaged in the PEA.
v/r
jdd
K-92 Mining long.
VANCOUVER, British Columbia, Jan. 24, 2019 (GLOBE NEWSWIRE) — K92 Mining Inc. (“K92”) (KNT:TSXV, OTCQX: KNTNF) is pleased to announce it has been named to the 2019 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.
The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2019 OTCQX Best 50 were ranked based on their performance in 2018.
K92 Chief Executive Officer, John Lewins, states, “During 2018, K92 established and declared commercial production, achieved cash flow positive operations, exceeded the top end of our annual production guidance. We have continued to develop Kora North from both a production perspective through continuing underground development to access greater strike length and in increasing the known resource through exploration and grade control drilling. The year ended strongly, with record setting production in Q4 2018 and the engagement of a second drilling contractor to bring in two addition larger underground diamond drill rigs which will enable the Company to significantly increase the metres drilled in 2019. K92, has also announced the positive results of an updated Preliminary Economic Assessment (“PEA”) for the project and will soon be publishing 2019 production guidance along with making a formal decision to expand mining and processing operations as described in the PEA.”
For the complete 2019 OTCQX Best 50 ranking, visit https://www.otcmarkets.com/files/2019_OTCQX_Best_50.pdf.
Thank you for the updates. It was one of your posts from (what seems like yesteryear) that sparked an “aha” moment of review (near the bottom) and increase in my position.
How do you know when to sell ( KNTNF ) just made 52 weeks high ?
I think each person must determine that for themselves. I liked the numbers I saw; and I liked that they had a gold processing plant. This meant they could self finance part of their exploration – and very little of their claims were adequately explored. That being said, given what we know about K92, I am looking more at the price of gold and watching the drilling results.
$FYI – Nickel Monthly News For The Month Of January 2019
by Matt Bohlsen @sa – Includes: AAUKF, AXNNF, BHP, ERMAY, FQVLF, GGIFF, GLCNF, HLPCF, IIDDY, LNZCF, NIKAY, NILSY, PANRF, PSDNF, RNKLF, SHERF, SMMYY, VALE, WNARF
Summary
Nickel spot prices were up slightly in January, and the LME inventory was slightly lower again.
Nickel market news – Depressed nickel prices leave nickel miners ripe for takeover.
Nickel company news – Cobalt27 makes a friendly takeover offer for Highlands Pacific.
https://seekingalpha.com/article/4236276-nickel-monthly-news-month-january-2019?isDirectRoadblock=true
Global Currency Rest…I think it is coming
Recent tweets by POTUS contain signals that can be interpreted that the GCR is coming.
15 nations are hinted at
Governments (national or world) can create modern money (credit) to infinity, but governments cannot create 1 ounce of gold, silver or any other precious metal.
We’ll see if the GCR gets off the ground. It will be great for the world and for gold…it will break the European bank and end the charade of the ever-diminishing USD.
Why would you want a Euro, when you could a currency that is actually
backed by gold ?
With China establishing its own version of SWIFT and more countries trading directly with each other, the benefit of having the USD as the world’s reserve currency is diminishing. Add to that the seemingly unending increase of US debt, an intentional desire to inflate, and ANY intended or unintended consequences of economic malfeasance, owning gold and silver seems like a ‘no-brainer’ “insurance” to me.
That’s another benefit to going to gold backed.
There will be no objections to USD as primary reserve currency from anyone (other than the banking cabal) if the USD is convertible to gold.
Why would anyone object ? The currency will have an established value compared to gold and the other gold-backed currencies.
Who would object? Most politicians. Why? US Debt Clock show US debt a hair under $22T, with unfunded liabilities unofficially between $80t – $200t. The congressional budgeting has an auto 5% increase built in. The generally accepted idea is that politicians plan to deal with this debt by/through inflation. What do you think a gold back currency would do for these politicians? We can’t even get them to audit the FED!
Please don’t get me wrong. I am for the idea of sound money.
FYI, I’m one of many who are long past believing anything our POTUS has to say.
On the other hand, it wouldn’t surprise me if he would like to destroy our dollar in the interest of destroying the value of his debts.
Let’s keep politics out of here, but many people pay very close attention to what he says, and find him very credible. I am one of them.
Don’t take free shots unless you can take one back.
Excellent news from Ivanhoe Mines today.
An “unprecedented 22.3-metre intersection of 13.05% copper
in a shallow, flat-lying discovery at the Kamoa North copper exploration area on the Kamoa-Kakula mining licence”
https://www.ivanhoemines.com/site/assets/files/4127/2019-01-30_nr.pdf
A good read here from a new study published in Nature Scientific Reports, Researchers at the University of Pennsylvania’s School of Engineering and Applied Science, the University of Illinois at Urbana-Champaign, and the University of Cambridge :
About a possible new use for Nickel. Researchers have made a surprising material out of Nickel. They have built a sheet of nickel with nanoscale pores that make it as strong as titanium but four to five times lighter. It is porous and could serve double duty as an airplane wing or prosthetic leg that’s also a battery…… https://phys.org/news/2019-01-metallic-wood-strength-titanium-density.html#jCp Got to buy me some more Nickel producers ! LOTS of possibilities……Cowboy
From Bill Bonner’s letter
Why China Is Buying Gold Miners… And Why You Should Too
Editor’s Note: On Thursday, geologist and professional resource analyst Dave Forest showed you how gold protects your wealth during times of crisis. But gold can be more than just an insurance policy.
Today, Dave shows why he sees a boom coming for gold miners, and reveals why you’ll want to stake a claim for this “wild ride.”
By Dave Forest, Editor, International Speculator
*********************
Basic Rule:
If the Chinese want it, you should be LONG.
If the Chinese want to sell it, you should be OUT.
China wants: gold, food, technology, green technology, IP, information technology,
commodities, land and hard assets
China sells: manufactured goods & USD
HN,
Have you seen this Real Vision Kyle Bass interview of Steve Bannon about China?
https://www.youtube.com/watch?v=qH5QzuzD01A
Thanks. Credible to me. I think Bannon ” left” the trump Admin to work outside of it, he is more effective outside than in.