Casey’s “7 Top Gold Stocks with Vertical Potential”

Sniffing out the stocks teased by Louis James for Casey International Speculator

By Travis Johnson, Stock Gumshoe, March 18, 2015

This one comes in to us from Louis James at Casey International Speculator, and it’s all about gold exploration and mining stocks — mostly small ones, it appears (it is called Speculator, after all), so perhaps we can consider this as a potential shopping list for contrarian and mostly hated small gold stocks.

Which is about as contrarian as you get these days — there are commodities that have done much worse than gold, including both oil and iron ore, but junior gold stocks are where most of the “animal spirits” of speculative natural resources investors are born… and there aren’t many of those folks around right now. They’re either licking their wounds after the last six months of “buying opportunities” blew up in their faces, at least for now, or they’ve moved on to other areas of exciting speculation like the small early-stage tech and biotech stocks.

So perhaps it’s now time to look at these little guys? I left my crystal ball in my other trousers, but I can at least dig through the tease from Mr. James and tell you what stocks he likes…

This sums up the gist of his big picture argument about the bear market in gold stocks pretty well:

“Here’s one thing I learned about bear markets.

“Mainstream investors generally view them as bad, but what they really are is gigantic filters: they separate the good from the bad, the jewels from the junk.

“The current bear market in gold stocks has been very effective in doing that—which means right now we’re looking at a gourmet selection of well-run companies with proven, high-grade assets to pick from.”

Of course, that won’t mean anything if gold spends the next five years going down to $500 an ounce — but if you have any certainty about where gold will be in five years you’re a wiser soothsayer than I am, I just allocate a bit to gold and to other commodity-type stocks and make sure not to let big “bets” about commodity price moves take over a large portion of my portfolio.

He starts off, as so many of these teaser pitches do, with a “freebie” … he says that his “Vertical Candidate #1” is Pretium Resources (PVG in both Canada and the US), which has the rich Brucejack project in Canada. That’s not terribly small — it’s got a market cap of about $600 million and it’s trading at about book value. He says he still thinks it’s undervalued because it’s such a “monster-sized, super-high-grade gold deposit.” Future valuation obviously depends on gold prices, as with any gold miner, but they have a lot of fans — including a large Chinese gold miner, which bought in to own about 10% of the company back in January at prices pretty close to where the shares now trade (they paid C$6.30, it’s C$6.75 now).

Pretium is up pretty nicely today so far and is doing much better than the average miner, but over the last six months or so it has been trading roughly in line with the group — so perhaps if it’s markedly better than the average gold stock, and all gold stocks are being sold off, that’s your “relative value” opportunity. The latest quarterly report came out a couple weeks ago, you can see the press release here.

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I can’t say I’m an expert on this or any other stocks where interpreting assay results is a key part of determining value, but Pretium does have strong management in Robert Quartermain, who has built strong mining companies before (the Casey folks and other investing pundits in the space talk a lot about the importance of “buying management” in natural resources stocks — perhaps because the industry is so full of charlatans).

So that’s one… how about the “secret” stocks that they don’t want to name for us?

“Vertical Candidate #2: Still Good Under $1,000 Gold

“This company is the only gold producer in my Vertical Portfolio….

it recently acquired a mine and mill that has saved shareholders a lot of time and money.

“The company is still ramping up production at its high-grade Nevada deposit but already exceeded its 2014 production guidance by 25%, pouring more than 107,000 ounces of gold-equivalent (with the “equivalent” being silver)….

“Pretium-style numbers from the latest (October 2014) drill holes—one hole generated 1,474.6 grams of gold per tonne (g/t) over 0.62 meters; another produced 1,404,6 g/t over 0.53 meters….

“The company expects to produce more than 100,000 ounces this year. While that’s not a huge amount, it’s plenty enough to keep this producer above water—even if gold goes nowhere for years or even drops below $1,000 for a time.”

This one, sez the Thinkolator, is Klondex Mines (KDX in Toronto, KLNDF OTC in the US) — you can see the press release where they announced those impressive drill results back in October here. The market liked those drilling results, the stock is up about 15% since then (or 25% if you’re thinking in Canadian dollars). They report in a week, and analyst are expecting 2014 to be finalized at a profit of 12 cents a share — and for that profit to double in 2015 to 24 cents (all Canadian numbers). I don’t know what gold prices they’re using for those estimates (there’s a wide range of estimates, no surprise), but that would mean a forward PE of about 10 — not bad. You can see their latest investor presentation here from a February conference, but the stock could easily react when they update their 2015 forecast next week on their earnings call.

Next?

“Vertical Candidate #3…

“Until recently, this company was a small, under-the-radar explorer advancing a significant, high-grade, but not huge gold project in Canada.

“Then, last October, the company surprised everyone by buying a fully permitted and operational 2.4-million-ounce mine ‘next door’ for pennies on the dollar….

“The new mine comes with underground infrastructure that can be used to access the company’s existing property without building a new portal or having to use new civil engineering on surface.

“And on top of all that, the company recently delivered a new discovery of high-grade gold, including 1.6 meters grading 101.8 grams of gold per tonne….

“An updated preliminary economic estimate—which doesn’t even account for the drill results I just mentioned—shows an after-tax internal rate of return (IRR) of 59%.”

This one, sez the Thinkolator, is tiny little Integra Gold (ICG in Canada, ICGQF OTC in the US), which has a market cap of about $55 million. They did make an acquisition of more mining land and a mill adjacent to their Lamacque project in the Abitibi Greenstone Belt in Quebec that have improved their economic assessments, they now say that their internal rate of return for the project is 77%, which sounds pretty good, and they give a “net present value” of C$185 million on the project as of January (with gold at $1,175).

As usual, I don’t know much about this one — their stock has done better than the average miner over the last six months or so, but are also down sharply over the last couple weeks and it’s very small and volatile. They won’t be profitable this year, but they do have about $10 million in cash for their drilling and exploration costs and their property is in an established mining area and should be low-cost — they think they will have a sustaining cash cost per ounce of only about $650, so if that’s true the mine could pay for itself in just a year or two if gold stays at these levels and they can get decent mine financing. There’s a little summary of some pundit/analyst opinions on this one over at the Gold Report if you’d like to do some browsing, and you can also see the company’s presentation here.

More? You got it!

“Vertical Candidate #4: This one’s a straightforward value proposition. The company discovered a large, high-grade gold-silver deposit in Colombia and has plenty of cash to advance it through feasibility work to a production decision. Despite this, the company’s enterprise value is less than book, let alone the billion-dollar net present value of the project.”

That’s not a lot of detail for the Thinkolator to work with, and there have been several very large deposits discovered in Colombia in the last decade or so and that haven’t yet been mined — but the best guess is that this is Continental Gold (CNL in Toronto, CGOOF OTC in the US) and its Buritica multi-million-ounce property in Colombia that they hope to put into production by 2018 (and yes, if you had asked a couple years ago, that goal would have been 2016). The resource value looks huge, it has been given a net present value of $1+ billion, and they do have C$60 million or so in cash to keep working even with gold prices weak. The stock has recently done far worse than most of the miners noted here, down about 60% in the last six months — I haven’t looked into the details to see if there’s a good reason for that or not.

And still more:

“Vertical Candidate #5: This company makes our list via another of those rare beasts in the mining world: its gold deposit in Europe is both large and high grade. This combination makes it likely that barring any yet undiscovered fatal flaws, the project will become a highly profitable gold mine at any likely gold price (including significantly lower than today’s).”

So… another one that’s fairly light on the clues, and I can’t be certain, but the Thinkolator’s best candidate here is Gabriel Resources (GBU in Canada, GBRRF OTC in the US) and their Rosia Montana mine in Romania. This is a huge potential mine that they think can produce half a million ounces of gold per year for a decade or longer, but the permitting process has been up in the air for several years, with waxing and waning fights with environmental and local groups, and they’re currently trying to get moving with a “dispute resolution” process with the government.

This is one where it’s pretty clearly cheap if they can go forward as they have planned and gold doesn’t collapse, even though they have to raise probably $1.5 billion or so for construction once they have permitting and a “go ahead” — but I have no idea how to handicap the regulatory and political situation. They still have more than 100 families living in areas where they need to buy the land to do surface work for the mine, even after relocating about that many starting something like TEN YEARS ago… this has been a “story stock” based on the potential of Rosia Montana for a looooong time, close to 20 years, and it’s now very close to all-time lows.

Have a better guess for a big European gold mine? There are some large potential mines in Turkey and Serbia, too, and some that look like they have much less political risk like Dalradian’s (DNA in Toronto, DRLDF OTC) mine in Northern Ireland (much smaller than Rosia Montana, but still pretty large and high-grade) … but, flipping a coin, I’ll stick with Romania and Gabriel Resources for my guess about Louis James’ “vertical candidate.”

And yes, there’s more:

“Vertical Candidate #6: This junior miner’s Canadian gold project has all the signs of a large, low-cost mine in the making. The current preliminary economic assessment shows after-tax 5% discounted net present value of $285 million, yielding a 24% internal rate of return at $1,200 gold. That’s not the highest margin in our portfolio, but the project still works at $1,000 gold and has terrific leverage to the upside.”

This one, sez the Thinkolator, is most likely Kaminak Gold (KAM in Toronto, KMKGF OTC in the US). Those numbers mesh with their press release about their Coffee Project in the Yukon from last June. Interestingly, they also include a “sensitivities” table in that press release that illustrates the leverage the project has to gold prices — so yes, at US$1,200 gold they give themselves a NPV (discounted at 5%) of C$285 million… at $1,000 gold that number drops by about 60% to just C$99 million. They don’t really own any other projects, though they do have a bunch of “prospects” that they’d like to sell or partner — I don’t know anything about those, but I assume the market considers them largely worthless right now. Kaminak we’ve written about before, but it’s been quite a while — they were one of the “hot” names during the renewed Yukon gold rush that probably peaked in 2011 or so.

The market cap is right around $80 million right now, and they have about $20 million in cash — so they’re not in danger of disappearing, and they also have some big names invested in the company — Ross Beaty and Lukas Lundin, who are mining investment legends, invested after that new preliminary economic assessment came out last June (which accounts for a lot of that cash balance). If you feel like buying, I guess the good news is that today’s price is about the same price those two legends plunked down to buy their stakes (you won’t get warrants like they did — though those warrants should be worthless unless the stock climbs 50% by June).

And one more…

“The least undervalued miner in our Vertical Portfolio. That’s because its high-grade gold project in Ontario is the closest to production. Mining has already started underground, ore is being stockpiled, and construction of the mill is nearing completion. It’s still a good buy, though, and like all our other ‘vertical’ picks, it’s expected to deliver high margins.”

This is, very likely, Rubicon Minerals (RBY). They’re mining at their Phoenix project in Red Lake, Ontario, and the mill should be completed by this Summer — leading analysts to think they’ll pretty much break even this year. It trades at a sharp discount to book value, and they have plenty of cash, but it isn’t the same kind of crazy levered play as a $100 million stock with a billion dollar deposit. Whether it’s more or less undervalued, I’ll leave it for you to decide.

So there you have it — seven stocks, all gold miners or hope-to-soon-be gold miners, and I’m quite certain that most of these (a couple are educated guesses) are being teased by Louis James as his “vertical” picks in the beaten-down gold sector. Will many of them go shooting up in the years to come? Well, that I can’t tell you. I’m no mining expert, and certainly couldn’t tell anyone my forecast for next year’s gold price with any degree of confidence (if you’re wondering, yes, I do own some gold and have some gold equity exposure — but that’s kind of a currency insurance, my portfolio will probably do better, on balance, if gold collapses).

Have any opinion on Louis James, the Casey International Speculator, or any of these gold miners and explorers? Let us know with a comment below. Thanks!


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Tom Bates
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Tom Bates

over a year and a half ago, I was convinced that the dollar was being devalued (printing money, the national debt up so much, the fed balance sheet ballooning) but thought that the Euro would go down even more (similar reasons plus additional problems) and Japan was trying to weaken the yen. so–what to do, how to profit. real goods! I bought a co-op in Manhattan and I looked to gold (OUCH). I want to make a lot of money so I can buy a bigger co-op, mine is tiny. So if I think gold will go up, gold miners… Read more »

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Alan Harris
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Alan Harris

I think a gold ingot would make a nice door stop. But a brick would do much the same.

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hendrixnuzzles
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Happy to trade bricks to you for gold ingots of ANY SIZE. How many bricks would you like ?

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Rusty Brown in Canada
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Rusty Brown in Canada

Doorstop?
“In 1799, Conrad Reed…found a 17-pound yellow “rock” in Little Meadow Creek on the family farm in Cabarrus County, North Carolina. For three years, the rock served as a bulky doorstop. In 1802, a jeweler from Fayetteville identified the rock as a large gold nugget. He told John Reed to name his price. Reed, not understanding the true value of gold, asked for what he thought was the hefty price of $3.50, or a week’s worth of wages. The large nugget’s true value was around $3,600…”
Wikipedia

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Patricia
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Tom, you were not wrong about the dollar a few years ago. Fortunately the Fed has pulled back on the madness (of currency debasement) since then, while many other central banks across the globe are now busy carrying on with it. Short term, there will continue to be downward pressure on gold prices largely because that’s in the best interest of the nations, central banks, investment banks, and influential billionaires who want to continue to accumulate gold at low prices. China and Russia especially have been buying as much as possible, but only in ways that won’t cause the price… Read more »

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Harley
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Harley

Patricia, I have noticed several comments regarding Dr. KSS and was curious to know if the DR. offers recommendations for investing and if so where can I find a track record.
Thanks

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mary
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mary

Harley, if you go to the top of the page you will see an “irregulars” tab. Click on it and choose ” Dr Kss Page”. He has been submitting articles for a year now. He seeks to educate us and states what he has done but he does not give investment advice–do your own due diligence and make a decision. Do not blame him on any losses you may have. I, personally, have probably over 20 bio stocks he has discussed….not a great deal of equity in any of them so I don’t worry if one crashes, which has happened.… Read more »

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Harley
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Harley

Mary,
I appreciate you taking the time to respond.

hipockets
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Harley, if you are not an Irregular, you should join! For the sum of less than $1.00 / week, you will have access to the Biotech thread and weekly special Stock Gumshoe reports. The thinking of many of the experienced members / investors who freely share their thinking is worth the pittance of admittance all by itself.

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hendrixnuzzles
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👍9951

A year ago I also was convinced that the Fed money printing would lead to price inflation and that real assets and commodities were the way to go. Invested a lot in precious metals and commodity stocks. The problem was that making investments on this last year was like trying to pick a bottom. I was early. And in the meantime, deflation became more of a possibility because the extra money is not entering the real economy. it’s just going into the stock/bond/real estate bubbles. So…my outlook has not changed, I feel strongly that gold will eventually head way north… Read more »

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takeprofits
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Good commentary on Pretium and also applies to Continental whose price on drill result speculation was at one time over$10. and I bought when it dropped back to $4. I am not the least upset by its current price, it represents a fantastic buying opportunity IMO and indeed it would not have attracted the largest Chinese gold miner or a major insurance company unless it was a real bargain with proven management and excellent resources. I doubt that any investor at present prices will be disappointed in either their decision over the next year to 18 months. I expect to… Read more »

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Tom
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Tom

Wow, you could be my twin. I’m 65 and retired (that’s not why I say twin). I consider myself financially knowledgeable. I graduated from Swarthmore with Honors in Economics so think (though) I understand basic macro-economics. I have an MBA in Finance from NYU. I’ve followed the markets for years. I have NEVER been a gold bug. Never bought gold stocks. I did buy 40 French Statue of Liberty Gold Coins at the big anniversary–not a great investment but not bad. But a year and a half ago I looked at what the government was doing, printing money, blowing up… Read more »

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tomt
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tomt

tom , I have a lot of gold stocks in the red as well (for years) but I have invested more time in mining stocks and the markets than most. 6/7 mentioned here, and I’m not a Louis subscriber. While no one knows the future, and when those in control will begin to panic. There really is a lot of dots connected that historically foretell that a new currency system will happen and once that happens, we will begin to feel the effects of losing “the world’s reserve currency” hegemony. When most of our “allies” joined with China’s new AIIB,… Read more »

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hendrixnuzzles
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hendrixnuzzles

Hi Tom. I have thought a lot like you described and have found for me what is a mindset that gives me happy medium on the gold/silver mindset. Maybe it will work for you, too. Physical gold and silver I look at as insurance. I have found that I sleep better at night HOLDING some. Funny thing is, it was very very hard to spend the money to acquire, but after taking possession of gold and silver I do not worry about the fluctuations as I would a brokerage stock. WHether the price goes up or down doesn’t bother me… Read more »

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hendrixnuzzles
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hendrixnuzzles

Hey Tom. I drank the education kool-aid too. In my opinion the institutions of higher education are not, in total, creating real intellectual independence of thought. A lot of the stuff they taught us doesn’t work the way we thought it would. Like Keynes. Like applying free market ideas in markets that are not totally free. Like thinking material progress will solve problems of a political, social and moral nature. Like the inherent benefit free trade policies when the other side of the trade is not reciprocating. Like the idea that markets are efficient. Like the assumption that our democratically… Read more »

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hendrixnuzzles
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👍9951

I thought like you and acted last year on both metals and real estate. But we can’t time the bottom of the gold market, so the speculations there may pay off, but after we run out of patience. And I worry about what will happen to real estate when rates go up, as indeed they must. Someday.

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MERarts
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Hold on to your gold and real estate and diversify into the other unloved sectors, like silver, oil, shipping, good foreign companies, etc. Each one will have their day as the inflation that is already printed and waiting starts materializing. Don’t worry too much about interest rates. They haven’t been going up because no one can afford it, especially the government which will go backrupt (unable to pay its debts) with even a slight rise in rates.

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Raoul Schur
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Patience is the key word. A lot of money will be made from those running out of patience. I have had moments of doubt but the way it works is that the moment one sells that’s when the bull will come roaring back.

takeprofits
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All too true, knowing the market and cost of production requires foresight of “what will be” even if we cannot know the exact time frame. Better 6 months early than 6 days too late.
When the market finally catches up with reality the average investor will stand aghast at how quickly the mid-tier miners come roaring back. If you don’t buy when they are “on sale” the ship will sail without you. this may well be the buying opportunity of a lifetime and you will probably not get another investment opportunity of its magnitude in decades.

Cathy
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Cathy

A question that we all wish we knew the answer or most of us anyway. Dear Travis/MR. THINKOLATER out of all the players which I commend you both for the diligence in preparing a Casey update who I consider a top tear good teaser with value. Sorry let my question slip away, who or which one of these or any others has the best chance to be bought out and are any of these Juniors next to any other miners that are doing well. I think you know what I am getting at. I would be very interested in that… Read more »

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takeprofits
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Right now I own, or have owned all of them except one recently put on my buy list, (Integra) and my #1 pick for value and near term appreciation would be Continental which is grossly undervalued and well financed. Running close second as takeover targets would be Rubicon and Pretium. Have been in and out of Gabriel at a profit several times but until there is some movement on the part of the Romanian government it is a crap shoot even if very enticing at current price. If you have a long term horizon a small speculation may be justified… Read more »

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hendrixnuzzles
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👍9951

Long PVG, Integra, Continental. Any opinion on Brazil Resources and Bear Creek?

I speculate in junior miners but have physical for insurance and asset-backed funds for
for insurance and investment.

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drlinks
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@HendrixNuzzles I know Bear Creek (BCEKF) is a solid silver play if you’re looking to spend just $1.25-$1.40 but has increased production and w/offsets, is profitable at $15 AG. I know a lot more about Brazil Resources (BRIZF). It’s CEO is the same CEO of Uranium Energy Corp (UEC), and BOTH very sage investments. Brazil Resources employes the ‘Midas Gold strategy’, whereby they are buying huge 2, 3.3, most recently, a 4.1M oz gold mine for absolute dirt cheap, with AVG cost of AU in ground / Market Cap = less than $6 per oz AU! They company BRIZF, has… Read more »

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hendrixnuzzles
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👍9951

Thanks, Stephen !
I have a large allocation in metals, everything from physical bullion
to miners. Got a lot of juniors including BRIZF; although I suspect that BRIZF will pay off in uranium before it pays of for gold. Long and very high conviction in PVG and CGOOF.

Of the names you mentioned I am long several….but between
KAMANAK, DALADIAN, RUBICON, KGILF, ARGNT, LSG and GUYFF, which two or three are your favorites ?

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Lulu
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👍1298

Myron, Continental T-CZQ or Continental Gold T-CNL ??

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Jake Heckler
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Gold is in the cellar now and heading lower. Some day it will come back up; but that might not be for2 or 3 years from now. I’ve got a few coins and hope my grandson might find some use for them some day.

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westtexaslawrence
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Gold is NOT in the cellar. Most of my life gold was $35/ounce and then it went ballistic in the late seventies until now. I had $5,000 I could get my hands on in 1970 in Thailand, and I could buy gold ingots from the local Chinese dealers in Udorn for $10/ounce if I paid them in greenbacks instead of Military Pay Certificates (MPC), which was illegal in Thailand at that time, 500 ounces of gold, had I gone to Singapore and put it into a locked box, then not have touched it until 1978 when it went to $850/ounce…..I… Read more »

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westtexaslawrence
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👍46

Always keep your gold and silver in PHYSICAL form where you can access it. NEVER buy silver or gold certificates….and NEVER put your gold and silver in safe deposit boxes in a bank or savings and loan……because any organization that is sanctioned by the FedGov can be shut down, the doors barred, and you have no access to your wealth. Always regard electronically accounted wealth in accessible accounts as ‘nonexistent’. NEVER entrust your money (e.g. direct deposit social security) to an organization and never keep it in electronic form. You HAVE to keep some script physical cash….but regard that like… Read more »

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westtexaslawrence
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👍46

Any of you ever listen to Dave Ramsey, the personal financial advisor out of Nashville? He advocates getting completely out of debt and to do so has you compartmentalize your income….then earmark and name each dollar as to where it goes each month….and then work a debt snowball….smallest bill up to the largest until you’re out of debt. I also use a compartmentalized envelope system for investments…..be it penny stocks or gold and silver. Each month I put a finite amount of money in the envelope for each thing. I only spend the money earmarked for that category on that… Read more »

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hendrixnuzzles
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👍9951

No insight into thorium…but I’ve read that there are over 500 new nuclear power plants in process worldwide that will use uranium. With the prices of crude oil, gas, coal, and uranium all in the dumper, would need to hear why the world is going to need another nuclear source in the near future…

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Patricia
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👍689

Search this site for either “uranium” or “thorium” and you’ll find some great discussion and info on the future of thorium. It will be a game-changer, if and when.

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pjwa
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pjwa

China is building 25 nuclear plants with more in planning. The figure of 500 worldwide seems high. China needs to add about 400GWe in the next 5 years, as well as replace its 800GW or so of coal-fired plant, which is generally burning high sulphur, increasingly brown, and unwashed coal. Nuclear is a clear choice, though it has created significant hydro, solar and wind generation too. Not enough to begin to meet the overall needs. I believe China is most advanced now on study of Thorium nuclear technology. But there are certain difficulties still in ensuring its use as a… Read more »

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Patricia
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👍689

Enjoy your posts Lawrence, but later this year I will be doing the opposite of what you advise on where to live: like a fireman running towards the fire, I’ll be moving TO a large city, because I’m going to devote the time I have left towards saving our future generations from being drugged into oblivion by doctors, psychiatrists, and all other drug providers legal or illegal. The zombie apocalypse I saw begin in the late ’50’s is fully upon us: our children and grandchildren are being turned into zombies before they’ve even had a chance to begin their lives.… Read more »

Lawrence
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Lawrence

Brave but foolhardy in my estimation, Patricia. Think the Lord will spare a city of minions of satan just because you are in that city? He’ll send His angels to remove you physically when He destroys the city….or, He’ll have His angel stand beside you in the nuclear fireball so you won’t even be singed! I have FAITH He will preserve His people, but you should not tempt the Lord thy God by going into such places when He clearly admonishes His people to ‘Come out of her (Babylon), my people!’. The US is just going to get its just… Read more »

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hendrixnuzzles
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👍9951

You forgot guns and ammunition. Everything collapsing would include the collapse of law and order.

jimbecker
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jimbecker

Has anyone noticed lead prices?

Nas
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Nas

I think you are forgetting an important basic instinct. People are only civilized as long as they have everything they need within their comfort zone! If everything collapses and large number of people are hungry, thirsty, and without money or shelter, do you think they will just come to the gate of your self-sustained Oasis and sit down and watch you and your family enjoy your solar system, food and your water supply? Have you seen Mad Max movies? If everything collapses, no one will make it at the end. It will be a matter of sooner or later.

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pjwa
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pjwa

Interesting that if you consider the value of the dollar over this period, your 1970 purchase of silver is not so different in value from to-day’s dollar price. Your gold cellar price has also risen significantly over the period, though clearly gold’s performance has far outstripped silver. In a recent column “Next Breakthrough”, when Howard Spiegel kindly pointed out that the Thinkolator’s rare hesitation had elicited the wrong answer, I have researched hard to try to figure out what might be the secret to imprinting integrated circuits on 3D print output. Without success, I regret to say, except that I… Read more »

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takeprofits
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JAKE: You seem to be pretty positive about gold heading lower and I suggest you have been listening to “establishment bullion bankers propaganda.” Thats what they want you to think so they can pick up assets on the cheap. What fools people is the temporary strength of the U.S. dollar due to the problems in Europe, Japan and Russia. In actual fact, compared to other currencies, gold, has done quite well with higher lows and higher highs in most, while moving sideways in U.S. dollars in which it is currently still priced for the world market..

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vivian lewis
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vivian lewis

the real problem with the Casey letter expose, as indeed also with the dimsum selections by Gumshoe’s own Dr KSS, is that there are too many stocks one would have to research and rank and consider buying, and no way to figure out their likely returns.