Hilly is sick ,either way

She is selfish and greedy for gain and fame,

Always an if, and or a but. So basically you are admitting you had no idea what gold would do next when you wrote that post however you did post a chart to make your point. So I don’t buy the excuse.

Sorry buddy….you were wrong again. Two BIG misses in the past 30 days. OUCH!

And my portfolio is STILL up 4.7 times from the January low. Yeah, BIG ouch. lol!

I thought it was 10 times? Wow….big losses there.

Impact Silver was more than ten times but I NEVER said that my portfolio was up more than 5x+. No wonder you suck at this game, detail and accuracy are not concerns of yours.

I do have a fair bit of Platinum and Palladium mining exposure, but that is because when I look at that chart, I see a great deal of upside in the PGMs over the mid to longer term.

I think your exposure to P&P is wise. I just choose to go with gold’s “mini-me” (silver) for leverage since P&P have unique drivers and behave more like another commodity than a monetary metal. Silver almost always moves more like gold than an industrial metal but far more so during a gold bull market.

Agreed. I have much more exposure to Gold and Gold’s mini-me Silver, but it is the PGM groups unique place in the spectrum of metals as “semi-precious” = there is investment grade bullion, bars, futures contracts, and ETFs and that is why sites like Kitco cater to all 4 (well 5 with Rhodium), but the coins and bars for sale or purchase are in all 4 metals. This is also why there is a Precious Metals ETF (GLTR) that has Gold/Silver/Platinum/Palladium.

The other thing that interests me in the PGM miners is that economic deposits rare, and much of it is tied into Nickel, Copper, and Zinc mining. It is this rarity in well-endowed PGM deposits that has me so interested in some of the exploration projects being reviewed in this emerging metals cycle.

My interest in the Spectrum of metals and related miners for investments moves over time as there are different oportunities, but currently for the miners I’m focused on:

Silver miners, Gold miners, Platinum/Palladium miners, Uranium Miners, Lithium Miners, Zinc Miners, Copper miners, Nickel Miners, Specialty Metals miners (Beryllium, Molybdenum, Scandium, Vanadium, Tungsten, Niobium, Zirconium, Antimony, and then the remaining REEs and specialty metals) , Tin miners, Iron miners, and lastly Aluminum miners. (honestly I don’t typically invest in Iron or Aluminum expect through the larger Conglomerates or occasional ETF exposure…. but that was just my interest spectrum in the following metal for mining investing).

To clarify, I would be a seller at .50 but that doesn’t mean I would necessarily sell it all or even most. The fifty cent area is very UNlikely to be a long term top and if I knew the the company, maybe I wouldn’t sell much there at all.

Careful Tony….he is the same guy who said platinum looked great one day before its 150 dollar crash started in early August and taking all his followers down the tube along with his advice. You need to read his words VERY carefully….always bullish but lots of hedging with the wording (a sign of insecurity in the call).

Don’t forget, Bird, you’re the amateur who got smoked by DUST AND missed the massive gains in the miners this year.

I called the gold bottom almost to the exact day. I was dead accurate. You didn’t do that (and can’t). Meanwhile we are still waiting for your goofy 1500 dollar call to come true after almost two years of waiting. Sheesh! And you call me amateur Mr Contrary Indicator.

“Gold looks great to me”
“Platinum looks great to me”

There is truly no equal for you.

You’re too psycho to be funny, Birdman.

Matthew, at what price did you sell GORO? I still own it. Unlike the Bird, I think you are wise.

Bonzo, GORO is, once again, a fine long term holding for this bull market. My last sales happened in the mid $20s and I failed to buy it back for the current bull market.

There is plenty of short term risk here but that doesn’t necessarily mean that you should risk losing your position by trying to avoid it.

http://schrts.co/L515oc

It currently trades at just 3.3 times book and yields about 1%.

Big picture, GORO looks great and is likely just getting started:

http://schrts.co/dPCJZV

Finally, this most recent press release was an address to shareholders:

“It is a pleasure to report on our mining consortium’s progress, successes, and the status of our negotiations with a major international buyer.”

“This year is already a record-setting year for El Capitan Precious Metals, Inc. The Company has mined and performed primary crushing of more than 100,000 tons of head ore producing precious metals concentrates for processing. The same concentrates have successfully been further crushed and refined into 88-90% pure precious metals which when completely processed by a refinery yields 99% pure precious metals.

This successful recovery of precious metals from El Capitan concentrates has been demonstrated to several international buyers. The Company is now in late-stage contracting with one of these buyers for the purchase of concentrates over the next 12 months, FOB the mine, at a purchase price of more than $180 million. This contract is expected to be fully executed in less than 60 days.”

“Subsequent to the development of the replicable and scalable recovery method, management has been communicating with several prospects. These include major mining companies who are interested in joint venture and / or acquisition. Our management team has already demonstrated recovery from our concentrates to some of these groups and several have visited the mine site while others are making arrangements to do so. The achievement of these milestones is the result of excellent teamwork and great sacrifices on the part of our team.”

http://www.elcapitanpmi.com/sites/default/files/ECPN_NewsRelease_8-23-16.ShareholderLetter.F..pdf

It just seems odd for the stock to be flat-lining sideways when the last few press releases keep indicating that they are preparing for a big transaction, that “include major mining companies who are interested in joint venture and / or acquisition.”

Anyone have any thoughts on why this isn’t getting more traction on the share price?

I’ve been buying in July and September, and will likely buy some more leading up to their meeting on Sept 28th for whatever this “announcement” is going to be…..

Hello Shad,

Hope all’s well.
First of all, w. your Capitan thingy, I thought you were asking about Apple’s OS 😉
Ok….lame “joke”.

It’s not even a joke actually… So moving on.

Couple of things.
When I see that a name is ONLY listed as a pinksheet, I am HIGHLY suspicious. Pinksheet listing ONLY doesn’t mean there’s anything wrong w. the company per se… but typically… it makes me think “red flag potential”.
So what I do in that case is…
1) I check IF the company files regularly –> in Capitan’s case, it does (nice, positive surprise)
To make some of the comments below, I used 2 quarterly filings: quarter ending Dec 2015 and quarter ending June 2016:
http://www.elcapitanpmi.com/sites/default/files/p0827-Final.pdf
(I don’t put the second link coz 2 links in a post = my post will await moderation —> ie my comments won’t be posted before a long time coz it’s the WE. My initial post included a link for the second set of financials and becoz of that that post is awaiting moderation).

2) I check the company registered address on Google map
–> taste varies, so you might want to check for yourself. But I noticed that based on recent filings, the address changed (probably do to the most senior officer leading the company changing)
So these are my 2 systematic preliminary filters when I come across a pink sheet listing.

Now, moving to El Capitan specifics….
This is where the “fun” begins.

*********************

A> That news release re: $180mn contract REALLY caught my attention. Coz it’s a BIG NUMBER for a company I had NEVER seen mentioned anywhere… and for a company that is on the Pinksheet (ie: doesn’t wanna be more famous by listing in Canada for ex. ????)
To be fair, US$180mn at ABOUT current market prices means they are “going” to sell 150k Oz of gold over 12mths ???
I thought to myself: these guys might pumping 150k of Oz/yr, and nobody has heard of them ???? And their share price YTD pretty much sucked ??? Weird….

So this led me to do 2 things:
a) Check the P&L for revenues —> nada/nothing in terms of revenue… (“strange”)
Ok… so I thought: if the concentrate is not sold yet, it should show up in the inventory line in the balance sheet….
–> Suggest you check the level of inventory in the balance sheet at various times….

b) Check the inventories in the balance sheet:
Based on the quarterly statements I looked at, Inventory levels never topped $1mn
For a company that is supposed to sell for >$180mn worth of material over 12mths (ie. $45mn per quarter), that’s ALSO “weird”.
I understand that the value of the inventory in the balance sheet can be the value of the cost for extraction AND not the market value of the inventory itself…
Still… that figures seems low.

B> Trying to understand the number of shares, warrants, options, and shares from convertibles… Spoiler: I can’t figure it out.
And I must admit that AT THAT LEVEL of looking at the financials and notes disclosures etc… I STOPPED.

THIS COMPANY HAS THE MOST COMPLICATED FINANCIALS I HAVE COME ACROSS IN THE SPACE. THE MOST. BY LIGHT YEARS.

And there’s’ one thing I always say: “if things are straight forward, they don’t need to be complicated”. And for my simple mind, El Capitan, has very very very veeeeerrrryyyyy complicated financials.

If someone had shown me the financials of that company and asked me:
“LPG, what do you think these guys are involved with in terms of business”, I would have answered: sophisticated “financial engineering”. I’ll leave it there.

Of all PM companies financials I’ve looked at, these are the ones that look THE LEAST as the financials of a PM company to my eyes (and my simple mind). I’ll also leave it there…

************
After doing all that, I came back to the website, trying to utilize “common sense”.
* Pictures of the property ??? —> Not really
* Previous drill results press releases, clearly put in evidence ??? —> Not really
* 43-101, in evidence ??? —> Not really.
* Funky 1mn video in the homepage of the website and entitle “3D Animation of Measured Resource Calculation Video” –> This video SAYS ABSOLUTELY NOTHING ABOUT THE COMPANY OR THE PROJECT WHATSOEVER. NOTHING. NADA.
* Capital share structure (as any decent PM company does these days): NOTHING

********************

My conclusion:

1) I might have TOTALLY missed the point on that company.
Maybe they’ll sign their $180mn contract for 12mths and provide the gold and platinum concentrate.
But I note the financials mention IRON ORE a lot compared to gold/platinum they tout in their press releases….

2) FWIW, I realized it’s the first time that I stopped reading the financials of a firm while in the middle of them.

SO:
IF someone on KER has something to enlighten me/teach me on that company… I’m all ears. I love to learn, especially if I make mistake (I could be totally wrong in my analysis).
Other than that, whoever wants to put $$$ in that company, I just wish them “good luck”. 🙂

Question tough:
Shad, where TF do you find/do you hear all these companies ??? 😉 😉 😉

My 2cts.

LPG

Thanks LPG – I really appreciate the detailed response and think you brought up some valid concerns. I’ll admit to laughing out loud when you got to the review of their financials.
__________________________________________________________________________

You wrote:

“B> Trying to understand the number of shares, warrants, options, and shares from convertibles… Spoiler: I can’t figure it out.”

“And I must admit that AT THAT LEVEL of looking at the financials and notes disclosures etc… I STOPPED.”

“THIS COMPANY HAS THE MOST COMPLICATED FINANCIALS I HAVE COME ACROSS IN THE SPACE. THE MOST. BY LIGHT YEARS.”

“And there’s’ one thing I always say: “if things are straight forward, they don’t need to be complicated”. And for my simple mind, El Capitan, has very very very veeeeerrrryyyyy complicated financials.”

_______________________________________________________________________

I completely agree man – the financials are beyond me, and that’s why I like to thow these companies out on the table to dissect. 😮

It is crazy that this company has almost zero name recognition, but they are recovering 99% of the Gold and Platinum and have mined 100,000 tons of ore.

They have mentioned in official press releases 3 times now that they are preparing for a big transaction, that “includes major mining companies who are interested in joint venture and / or acquisition.”

They just switched up their board to prepare for this big transaction that they hope to announce before the Sept 28th shareholder meeting.

It just seemed interesting to review…. maybe their full of it? It would not surprise me. Maybe their asset is full of it though, and if they are going into both Gold & Platinum production, and have offers by larger companies to acquire them or at least JV with them, doesn’t that deserve at least keeping an eye on it?

I’m balls to the walls crazy, so I have stock in it, but I’m not recommending anyone else get any. It just seemed worth tearing it apart a bit to see what the “fatal flaw” is. It may be their balance sheet, and it sounds like that is your point.

LPG – I love your feedback though, and I’ve read through it twice and will take those comments into consideration. As far as what they’ve produced, it is similar to what Avinio Silver & Gold did when they kicked things back into production at their Avino mine….. they started producing, but it didn’t count as revenue or assets on the books until they declare “commercial production.” Right now that Gold is part of the pilot plant and production used as “proof of concept” so I don’t think it will show up on the books at this point. Just my thoughts on it.

Anyway, thanks for weighing in on these, as I really liked our discussion about Silver Bear last weekend and this is fun as well. Much appreciated.

I’ve actually got a bunch of other crazy miners that I’m curious about but will save those for future wacky weekend stock reviews.

Shad,

Interesting feedback re: Avino and declaring commercial production and recognition of revenues. Fair point.

But I’ll tell you something… there are QUITE a few things which don’t pass the smell test for me on that El Capitan.

You wanna know which one is the biggest one???
Here it is (copy pasted from my previous post):
”
Funky 1mn video in the homepage of the website and entitle “3D Animation of Measured Resource Calculation Video” –> This video SAYS ABSOLUTELY NOTHING ABOUT THE COMPANY OR THE PROJECT WHATSOEVER. NOTHING. NADA.
”

That, TO ME, is the BIGGEST red flag of them all. By f-a-r.
Brent Cook this week-end talks about websites w. homepages w. Liberty Statues, Freedom etc… and he had a good point (I had read that point him a while back).
I think he might have other points to add to his list… 😉

This video ONLY came visible to me almost at the end of writing my post.
I typically use – deliberately – an old internet browser and on it, it wasn’t playing. Actually, I didn’t know there was a video on the homepage to start with.
Then I switched browsers and saw it (and I got a “WTF” moment)

Shad, re-read the title of the video (ie what it is supposed to show) and what that 1mn video actually shows (spoiler: nothing).
—> that’s the easiest red flag on that company. Serious.
Here’s what the video re: the resource on a totally legit company looks like (and it’s also on the homepage):
http://exeterresource.com/
–> see the difference ?
–> actually, thinking about it, I think El Capitan probably inspired themselves from Exeter video… except that El Capitan had NOTHING to say about their “resource”.

As I said: GL to whoever puts $$$ in this.

Having TRADED OTCBB/Pinksheet pump and dumps in the past, I’m not saying money can’t be made on that name. Far from that.

But when it comes to investing, as I wrote several times, I, personally, try to stay away from what I (rightly or wrongly) perceive as TROUBLE.
And just to be clear, I don’t mind putting $$$ into “risky” investments (coz I will try to run some numbers to price that risk). But TROUBLE is a different level.

As I often write, I’m a simple mind and… to me…”If it looks like a duck, walks like a duck, quacks like a duck…. it’s probably a duck”.

GL to you, “Capitan Shad” 😉

LPG

Capitan Shad,

BTW, you didn’t tell us:
“where TF do you find/do you hear all these companies ???”

I’m serious… It’s just an intellectual curiosity.

LPG

Ha! You’re probably right LPG. It’s probably a hot mess, and I did think the same thing when I saw their website. Here’s a better one – their company “Slide Presentation” is from 2012 (lol!). To me the production results seemed impressive, I liked that they were using a new processing method, and that they had enough interest from other companies to partner up, that they felt like releasing that info to the market. As you said it could be a train wreck. I have a little funny money in it for pure speculation at this point, and I’m fine it if doesn’t end up working out. The good thing is that Sept 28th isn’t very long to wait. I may lose every cent I have in it, but I also may double or triple it. Who knows? We’ll have to see what the announcement is.

Oh sorry, to answer your question, I mostly find these companies by watching their press releases on a few different sites. But some of the stocks I follow that are not as much household names are recommended to me by other traders.

I scan a number of press releases per day, and when one catches my attention, I start doing more homework. Sometimes things looks very undervalued and pay off in a major way. I have had a good number of takeover successes or multi-baggers by getting in when there wasn’t as much clarity on the full potential. Of course, many of the stocks I trade are the same mid-tiers, or ETFs, or development stories that most are familiar with, but once in a while I give the underdogs a shot.

Nicola Mining I knew about because I followed Huldra Silver in previous cycle and waited for them to come out of credit protection.

Americas Silver Corp I followed since they were Scorpio Silver, and I was posting about them for a long time. Some people snubbed their nose at it when it was trading at $.042 and doubted it would be in business much longer. I was fine with those gains.

On that same subject, I’ve follwed Scorpio Gold for years as well and started getting positioned at the end of last year and throughout this year. It hasn’t joined the party yet, but I believe it will.

Aurcana I was following since they were a sponsor here on KER. Some people laughed at their implosion in the past cycle. I was happy to cash in on the multibagger gains in it this year though.

With Jaguar Mining I had owned it in the last cycle from 2010- 2012. I won big and lost big for a wash on it and it was one of my few pain points from when the bear market struck at the end of 2011. So I watched for it to come out of credit protection and that they retained their assets. It seemed like it may be worth a second chance and I was writing about their turn around since last year. Even though others had left them for dead, I saw the potential. When Eric Sprott invested in it this year, the belief felt a bit more vindicated.

With Silvercorp it was Dragonite’s discussion about all the overhyped conspiracy theories that got my attention, but it was his thoughts about their low costs that impressed me and that is why we were discussing it when most were mocking it. I mentioned it was one of the producers I expected to perform best, and it’s been in the top 10 performers much of 2016. The conspiracies didn’t stop the gains from rolling in.

With Avino Silver and Gold, there have been others that were discussing it 2 years ago, but most don’t post here any more (with the exception of Blue). I heard about it through Jay Taylor’s site, and it made sense to follow it, and in Nov & Dec of 2015, and Jan-Feb of 2016 I started getting more active in acquiring it. There were a few times where people pointed out how their financials were that great and there were better options, but I saw then and continue to see now their regular process being made. They’ve under-performed about half of the Silver miners but have still done pretty good so I don’t regret the decision (except for it would have been better to have listened to Matthew about Impact Silver as a better option this year). Regardless, I like Avino as a company and team.

Arizona Mining I have been watching since they were Wildcat Silver, then AZ Mining, and now Arizona Mining. I give 100% credit on that one to our KER buddy Dan, calgary. I started following it because of our discussions on here years ago, and before John Kaiser and others started covering their story. It’s done very well this year despite a silly name like Wildcat Silver or Arizona Mining.

I’ve owned Avnel Gold, Rox Gold, and Gryphon Minerals since I watched the success that True Gold expienced in West Africa. Got to give Matthew credit for really making me take a closer look at True Gold (there were others, but none as consistent and with such good technical reasoning).

Eurasian Minerals I found because of Gwen Preston and in my passion to review Prospect Generators and Royalty companies.

Along those same lines of looking into Prospect Generators, I followed Abitibi Royalties and Rob McEwen’s interest. There was a trader at ceo that tipped me off to Golden Valley Mines owning half, but also having the 4% stake in Sirios Resources and a NSR on CheeChoo, along with a stake in a JV with Bonterra, and a Nickel and Uranium partial stake.
Cyprium Mining I found by just watching their news flow, and it interested me that they have gone back into Silver production. I’ll be curious to see how their next few quarters unfold and how production/recovery/and profitability are going. I think it could easily get rerated to the upside.

As for Defiance Silver, I first started following it when Bob Moriarty mentioned it to me. I went and looked at maps of the prior producing area, the high grade, and watched a few property visits. I had that weird period of time where I couldn’t access their website, but LPG it was you that let me know you could still see their press releases. Thanks for that.

I knew about the arbitrage trade in the Calico takeover by Paramount I knew about due to Jayant Bhandari.

With Montan Mining I found them though watching press releases, but I follow the comments of one of the high level officers (Brandon) discuss if over at ceo quite often, and have even discussed their most recent decision to buy back that 4% NSR (which I told him seemed very prudent for retaining margins moving towards production in a higher metals price environment).

Recently I’ve decided to give Brixton Metals a go when it was referred to me by other traders on ceo dot ca because we were talking about companies that Rob McEwen and Eric Sprott were involved with. When I took a closer look and saw they had 2 past producing mines it seemed to make sense.

Heron Resources came from when I was researching Australian Zinc miners and I saw some additional chatter about them being an interesting Zinc and base Metals play.

Monster Mining, which I brought up recently I found because their name made me laugh and I just had to open their press releases. When Alexco was discussed someone pointed out Monster again, and it reconfirmed I needed to give it another look. When I started looking at maps I realized it was next to Alexco and ATAC resources, it seemed a likely takeover target. I got in for a while and made a nice return on it in a short matter of time, and still think it may go into play later on – regardless of the name.

Silver Bear was actually a recommendation from a well respected trader on ceo.ca, and I liked the story upon first inspection. You pointed out the convertible debt issue though last weekend and it will be interesting to see how diution versus continued development milestones average out and where metals prices go on that one.

El Capitan Precious Metals came from following press releases, and filters searches for Platinum and Gold production. I have only gotten positioned recently in July and September, and thought it was cool in the July press release when I looked at the 99% pure Gold and Platinum beads they had produced. It is just a speculative position for me as mentioned.

If you want to tear apart another one, I brought this one up earlier in the week, but would love to review Marlin Gold mines. I’ll post more later.

What I find interesting about Marlin Gold is that they are a hybrid company where they are 1/2 Gold Producers & mine Developers, and the other 1/2 is a Royalty & Streaming company with partnerships with Endeavour Silver, Kootenay Silver, and Golden Reign Resources.

*The other thing that really got my attention was how TIGHTLY HELD this stock is.

> 84.34% is held by the management team from Wexford Capital LP
> 14.80% is held by US Global Investors
> 0.63% is held by Fiera Capital
> **** only .023% of stock is held by all other investors! (that’s crazy to me)

{See page 6 of their Corporate Presentation below}
______________________________________________________________________________
> Info on their production from their La Trinidad producing open-pit heap leach Gold mine in Mexico is on (pages 9 -12)
> Info on their Commonwealth Silver/Gold Development Project in Arizona is on {pages 14-17}
___________________________________________________________________________

1) San Albino: 20-40% gold stream at US$700/oz [Operator: Golden Reign Resources]
2) El Compas: 1.5% NSR royalty on the concessions hosting the primary deposit at El Compas [Operator: Endeavour Silver – they bought this from Canarc]
3) La Cigarra: 1% NSR on the concessions adjacent and surrounding the main project area at La Cigarra [Operator: Kootenay Silver]
______________________________________________________________________________________________________________________________________________________
Marlin Gold Mining Corporate Presentation:

http://www.marlingold.com/MLN%20Corporate%20Presentation_Web.pdf

Marlin Gold mIning will eventually spin out Sailfish as a Royalty & Streaming company and keep some interest in it. Those are noted in the prior post.

A few more credits are due:

Gotta thank Rick Rule for getting me interested in Ivanhoe Mines again.

Thanks to Brian for the Sabina Gold bounce I traded after you post.

Thanks for JohnK on Klondike Silver.

Aureus Mining and Aura Minerals came from the newsflow.

Thanks to Skeeta for over a dozen Aussie Gold, Lithium, and Uranium companies.

Thanks to Matthew for Claude, Alexco, and Impact.

Thanks to Big Al for Rye Patch Gold.

What, Galane Gold didn’t cut it? 😮
That’s ok, I no hard feelings. 😐

Funny. Yes, Matthew – I’ll tip my hat to you for Galane Gold, Chibougamau Independent Mines, Constantine Metal, True Gold, and Pure Gold as well. 🙂

Matthew – also you really made me look closer at Globex too.

Also, I want to thank CFS for point out Mandalay Resources to me a long time ago. I was impressed from that moment forward. Thanks man.

Mexus Gold I found through press releases about their development progress and near term production. Another think that happened with Mexus Gold and El Capitan was that I kept seeing them pop up as “peer miners” or “comparable companies” when I was looking at other stocks. (It is like with music when you see that people that follow this …. also follow this……). I was impressed by the responsiveness of the Mexus investor relations team, which now have talked with Cory and reviewed their progress on this site. I was also impressed by Ryan and Wolfman’s confirmation of their story and opportunity.

Following and cashing in on the Dolly Varden Silver story was strictly following their news releases.

Luna Gold was following the fallout from their deal with Sandstorm Gold, watching them implode, continuing to follow the news, and the realizing they may swing out of this, and I saw them working hard to right the ship.

Hummingbird Resources I found by looking at the sponsor lists on the Sprott show this year, and in talking to my buddy MiningBookGuy over at Ceo dot ca.

Novo Resources – I give credit to to both Jay Taylor, Bob Moriarty, and Bonzo Barzini.

Minera Alamos recent development success has been all from following their newsflow on http://www.juniorminingnetwork.com

Eric Coffin has reconfirmed about 2 dozen stocks for me over the years in Gold, Silver, Copper, and Uranium and there are just too many to list. The same with Brent Cook and John Kaiser. I love their Metals Investor Forums that they hold with Gwen Brien Lundin, and Scott Gibson. I watch all the company reviews on youtube.

Also, I get great ideas by listening to John Doody every year at his GSA events. It was through his show coverage that I started following Romarco about their takeover, Golden Queen, Asanko, Roxgold, Beer Creek Mining, and a number of other companies.

Bear Creek mining…. not Beer Creek mining….. Also both ideas have validity.

A few more other ways that I use to scout for companies that are flying under the radar are to watch how companies are doing streams or royalty deals or JVs with.

This is how I found Frontline Gold, by watching Abitibi Royalties keep upping their stake in it, as an example. Strategic Metals has JVs or holds stock in a whole list of interesting companies and all of those rabbit holes can be followed for more ideas. Look at who the Prospect Generators are partnering with and you likewise pick up a lot of new names. For example, I came to be shareholder of Eros Resources when they bought out Boss/Anthem, but it was through their gold division that I learned about Skeena Resources.

Another good technique to use is to look at what gets added or increased in weight inside of the mining ETFs. This is how I found out about Northern Star Resources, Richmont, B2 Gold, Argonaut, Guyana Goldfields, etc…..

Lastly, when there are mining shows, I always review the list of sponsors to see which booths were there if I was an attendee.

For Example, I’ve continue to pour through the presentations (even though they are a few months old on this site, and just a REMINDER – They’ll have new videos up later this month after their show on so many great companies. I’d recommend checking back a few days after the Denver Gold Forum and pouring over the presentations. Here is a list of who will be presenting and when for any enthusiasts out there:

http://www.denvergoldforum.org/dgf16/participating-companies/

The biggest smell test for me is management.Has it had past success.Can’t say their history exudes confidence for me.Other companies talked about here have the type of management I trust.Auryn comes to mind immediately.

Morning Wolfster,

That has been my primary test for the past 35 years and it has definitely treated me well.

Yes, solid management teams are a big plus, and there are those that just go around following winning teams, as they have a history of winning. I did think Brent Cook brought up a great point though recently, where he mentioned there are up and coming geologists/geochemists/engineers/and financial teams that aren’t as well known, but are getting things done, and he was willing to give some of them a chance if their assets, business strategy, and prior decisions seemed to be coming together in a good way.

There is definitely more risk betting a “newer” or “unknown” team, but this often shows up in a weaker share price. However, if they continue to advance their project in a meaningful way, hit their guidance and timelines, and are making measurable process, and end up with a win (sell the deposit, JV the deposit, or take it to production) then they become the future teams that people follow.

It is like giving some of the larger roles in a movie to an “unknown” actor or actress…. yes it is riskier, but they don’t require the “premium” price of a known star. They could take a big fat flop where people wish they would have paid extra for “star power”, but they also may knock it out of the park on a smaller budget, and then get picked up for the next movie as a rising star.

I see the place and value for both.

Appreciate that LPG

Yes, thanks LPG. I actually have a few more odd ball development and small producers that we can save for another day, but I appreciate the feedback on these as always.

There are dozens and dozens of oddball exploration plays too, but it’s hard to ferret out value in some of those as they are waiting on drill results or funding etc……

I like dissecting these development stage and small producers to look for the fatal flaws or to confirm they may be under the radar value, because once they are better producers and have a number of analysts following them, they usually track into a better valuation overall. Sometimes you got to shuck a lot of oysters to find a few pearls…….

BTW – Marlin Gold (the fish – not Merlin the magician) with their future royalty spin-off being Sailfish.

It could end up being a “magical” journey though……

I’d be curious to see what other investors think of their business strategy, Royalty and Streaming assets (with a solid group of JV partners), Gold mining results (that seem positive to me), their Gold development project, and their incredibly tightly held share structure.

Marlin Gold looks like a winner to me, but if someone sees a major issue, please sound the alarm 🙂

Here are some results from the company that Marlin has a Streaming deal with:

Golden Reign Resources Ltd. (TSX-V: GRR)
DRILLING RETURNS 4.0 METRES OF 37.30 G/T GOLD & 57.7 G/T SILVER AT WEST PIT OF SAN ALBINO GOLD DEPOSIT; PROPOSED PHASE ONE OPEN PIT AREA EXPANDED

Significantly, the results from this portion of the drill program:

• suggest that the two smaller pits may be combined into a single, larger open-pit. Drilling confirmed that the area between the two pits, spanning 39 metres, is also mineralized;
• have extended mineralization along strike and at depth, resulting in the outward expansion of the existing pit boundaries; and,
• confirm both the high-grade nature and geometry of the mineralization, which correlates strongly with Golden Reign’s existing model developed under its Preliminary Economic Assessment Report (PEA)

http://www.kitco.com/pr/2522/article_09092016091119.pdf

I believe that it is Excelsior. I did write a cover note for Doug on the book. Honestly, I truly enjoyed it.

Thanks for the response back Dan. I’m sorry to hear that Calgary is still in a bit of slump. As always all the best in your business and on being the “test pilot.”

Yes, Arizona Mining has been very strong, but it has a few more newsletter writers behind it, and changing the name and switching to a “Zinc Focus” got them a bit more attention.

Have a great rest of the week.

Excelsior,
You men made some great calls back then. And I remember your call of 1044 way back. I’m still 50/50 if the low holds, but if it does, folks should give credit where credit is due.

From now to mid October should be some big drops. After that will be a nice bounce. There could be a wash after that into March, but still need more time to see how it plays out.

Thanks Chartster. Yes, I’m interested to see how the rest of this year and beginning of next year play out as well. Ever upward!

Agree Chartster.

That chat room that they created though: “AndThenTheresMaund” did have comments that made me laugh as I remember them landing on the main index chat and they don’t show all the tagged messages don’t show all the reactions to them, but you can imagine as Gold started to correct hard in late August these comments posting:

@DeadCanDance – “First look at the markets this AM. CELL coverage extremely limited today. All I can say is……CLIVE!!!!!!”
#AndThenTheresMaund 1 from #index, 24 Aug 2016, 08:09

@dirkdiggler – “Someone needs to talk Clive down – he’s dancing on the rooftop now.”
#AndThenTheresMaund 1 from #index, 24 Aug 2016, 18:26

@dirkdiggler – “Clive and his crew fading this move in $Gold”
#AndThenTheresMaund 2 from #index, 26 Aug 2016, 08:42

@dirkdiggler – “Clive last seen peacocking down Wall Street, clicking his heels every fifth step or so.”
$Gold #AndThenTheresMaund 2 from #index, 31 Aug 2016, 08:35

lol,
@dirkdiggler – “Clive last seen peacocking down Wall Street, clicking his heels every fifth step or so.”

(Ha!) Yes – that comment cracked me up.

+1

It’s called taking responsibility for one’s own actions = accountability.

More and more it’s a rare quality, as people are more comfortable blaming others for their errors in judgement.

Knowing that dirkdiggler character, I’m 99% sure he is just kidding when he says:

@dirkdiggler I just hope @stateside laid the blame of all of this uncertainty in the $gold market where it truly belongs…..it’s all Clive’s fault! Lol.

Heck, I think it is her normal photo, with out air brushing.

I bet it is the one ,that Obama and Michelle have seen a couple hundreds times

Any tips for “unseeing” it. 🙂

FFM CCF – Did you hear the good news – – we’ve expanded our product line to new and improved “Extra-Strength Doomex.”

The announcement went out to the public up above in the Marc Faber thread.

See if tweety will try out a pair. 😉

Make sure they have that “double bottom” ,he been claiming…. 🙂

‘S….

Model 968 should fit fine.. 😉

lol
Funny one, Jerry.
Best to you,
LPG

LPG. Glad you enjoyed 🙂

Arrrggghhhh. Ahoy Matey!

In this episode of the Comanus Rising Podcast we talk about the week in gold and the gold stocks, more FED yapping, we talk about a sector we haven’t mentioned before – that being coal and we wrap with news from the Canadian junior exploration sector. Companies discussed include: West Red Lake Gold $RLG Altitude Resources $ALI Colonial Coal International $CAD Morien Resources $MOX Corsa Coal $CSO Oceanagold $OGC Pure Gold Mining $PGM Global Copper Group $ICU Morumbi Resources $MOC Goldstrike Resources $GSR IDM Mining $IDM Aton Resources $AAN NuLegacy Gold $NUG Knick Exploration $KNX Pasinex Resources $PSE Source Exploration $SOP Algold Resources $ALG Avrupa Minerals $AVU Ximen Mining $XIM We talk, gold, silver, copper, uranium, zinc, lead, cobalt, oil, natural gas and coal.

http://www.comanusrising.com

Thanks for the link,
I wasn’t aware of that podcast series until now.
Cheers.

Comanus Rising comes out every Sunday. He is @stateside over at CEO and is very happy to respond to any questions about specific companies.

https://www.ceo.ca/@stateside

Thanks Ex,
Have subscribed to the podcast via itunes.
Cheers.

Should be a comedy watching CNN

People would do well in life to turn off CNN, and turn on BNN……

For the Commodities show….

http://www.bnn.ca/commodities/video

Seems like the kind of thing we’d see at a bottom.

Thanks LPG. Yes I see his announcement that Russell is selling through Baobab Asset Management LLC.

George Glasier is a class act though, and I feel very comfortable in the progress that Western Uranium is making with him at the helm.