I chose acb and weed because when I researched these were the only ones on the TSX. I don’t want to take a chance on a venture stock exchange company.

https://media.giphy.com/media/76dXlFZZEqNH2/giphy.gif

This is going to be epic either way this news breaks. I’ve never seen so many eyeballs on one story in the entire time I’ve been on ceo.ca. Even NXE or NVO or GTT only had 50-100 people in there in most of the peak news days. Wow!

I will laugh heartily if this news is not the assays and just some other news update.

@BlockChainZ – “What time did the old release come… same date Nov 17… which year? and WHAT TIME??”

🙂

And meanwhile back at the Auryn ranch …😴😴😴😴

There are a lot of sleepy ranches in the Jr Miners these days.

Just like most retail investors are obsessed with huge concentration in the FANG stocks, the same has happened in Jr Miners.

NVO, GGI, NNA, AU, GTT, and a few other exploration stories sucked all the wind out of the room this year.

Other sectors have definitely outperformed most Jr Miners, but that is encouraging because markets will return to the mean over time. Other sectors will come back down to Earth, and unloved sectors like the miners will have their day. (2018 has an encouraging set up).

I hear you…I meant that more regarding lack of any results considering they originally said homestake results early October than before end of October then…you get the picture. Have totally lost credibility with an investors as far as I’m concerned..

The assay labs are all backed up. Most companies are still way behind on reporting drill results from the last few months.

Thanks for that info.

Good post from Brandon – the CEO of Fireweed Zinc:

Brandon – “There’s going to be some “I told you so” coming from the naysayers on $GGI if the assays aren’t good, and there’s unlikely to be many who admit they are wrong.

But here’s a question: if a friend insisted constantly that putting everything on number 22 for roulette was a winning strategy, and they wanted to “bet the farm” on it, would you be telling them not to? Would you be humbly apologetic if they went for it and the spin came up 22? I think what’s missing from the discussion around all these plays is that it isn’t just about people being either 100% wrong or 100% right. The bulls and the bears on these plays can have elements right.

Maybe $GGI results come out looking good and they find a great deposit, but does that mean the way the market has priced them right now is correct? Does that really make them a safe speculation? If you can only justify a speculative play with hindsight, then it wasn’t a good speculative play.”

The dollar’s recent rise has not been impressive.

Dollar etf UUP:

http://stockcharts.com/h-sc/ui?s=UUP&p=D&yr=1&mn=0&dy=13&id=p48046127526&a=557498476

Agreed. I mentioned to Ozibatla on here a few months back that one helpful catalyst for the PMs would be if the dollar rally fizzled and then headed back down, while other currencies surprised investors to the upside.

We may be starting to see just that. I’d prefer those kinds of catalysts over a geo-political fear narrative.

Thanks. I’m hoping for a pure play in North America which is what Elon Musk wants to have. A stable source

Some of those above are about as pure play as one can get, since it will always be a polymetallic deposit. Many of those are in North America.

The problem is that many of the Canadian Cobalt companies are way behind on developing their historic resources, and thus the Australians have the jump on larger deposits outside of the Congo.

There are some good North American Nickel and Copper projects w/ Cobalt co-products.

There are VERY few pure Cobalt companies, just like there are very few pure Zinc or Silver deposits. There is typically a range of base metals all mixed together. This is where smelter penalties or credits come into the mix as well….

Thanks again. At least gold is looking better. 😁

Yes, Gold above $1290. Silver up near $17.30 most of the day. Nice to see.

Wolfster:
You might look at ECSIF. I use to be invested back when they were Formation Capitol.
I know they are in Idaho. I don’t know much else as to their schedule for production,
I sold my shares years ago . Now I wish I had kept them.

JohnK – Yes eCobalt Solutions is a popular name in the sector, although I’ve seem some knock their valuation compared to other peers from people following the space closely. I’ve also seen investors I respect like Jay (Fi Fighter) take reasonable sized positions in it though, so it warrants a deeper dive. Being in Idaho for mining is a strength IMO. In addition, ECS does get reasonable enough daily liquidity to trade in and out of it.

Another one to watch is First Cobalt who is in a current 3-way merger with Cobalt One and CobalTech.

I still have a position in Brixton Metals (BBB) (BXTMF), which is mostly focused on Silver and Gold, but does have a substantial land package and historic Cobalt/Silver resources in the “Cobalt” camp in Ontario. It was a past producing Silver mine, so permitting should be easier, there are still resources all around the old mine, and much of the infrastructure is already in place.
____________________________________________________________________

Langis-Hudson Bay Silver-Cobalt Project Summary (Brixton Metals)

http://brixtonmetals.com/properties/langis-silver-cobalt-project/

CobalTech and First Cobalt Sign Definitive Agreement

(Marketwired – Aug. 21, 2017) – First Cobalt Corp. (FCC)(FTSSF)

http://www.marketwired.com/press-release/cobaltech-and-first-cobalt-sign-definitive-agreement-tsx-venture-fcc-2230828.htm

Cobalt One to Merge with First Cobalt

http://www.marketwired.com/press-release/cobalt-one-to-merge-with-first-cobalt-tsx-venture-fcc-2223766.htm

I’ve seen a fair bit of chatter about Cobalt 27 (KBLT) (CBLLF) as they are going to be a Cobalt holding company. From what I understand it will be similar to what Uranium Participation corp does in that space to capitalize on ebbs and flows in spot pricing.

Here is the Cobalt 27 website: http://www.co27.com/

I like the idea, but honestly rarely go with company like Uranium Participation corp or USO for oil, or GLD for Gold, because the Jr miners offer 2-4 times the leverage of the underlying commodity. If you are bullish the commodity, then why not position in the leveraged miners for that commodity?