A Focus on precious metals exploration in a bull market and what investors need to focus on when doing your due diligence
Charles Funk, President and CEO of Heliostar (TSX.V:HSTR) and VP Exploration at Vizsla Resources (TSX.V:VZLA – OTCQB:VIZSF) joins me to for a more personal discussion on how he views exploration on a wide range of projects. We discuss how rising metals prices impact exploration. As well as some general guidance on grade and jurisdiction that all investors should be aware of. M&A in the sector when it comes to the majors is also critical in understanding what stage we are in for the PM bull market. Finally we discuss 2 types of projects that can catch investors attention but in the long run should be avoided. Charles calls these CapEx Dogs and Marginal Dogs.
If you have any follow up questions for Charles regarding exploration or Heliostar please email me at fleck@kereport.com.
Click here to visit the Heliostar website and learn more about the Company.
Well done ..Jerry.
Hello….Irish…..I have been doing project “IRISH”……for the last 4 hours…. 🙂
off topic:
VANCOUVER, Dec. 23, 2020 /PRNewswire/ – Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) reports that the blockade by members of the Carrizalillo community at the Company’s Los Filos Mine in Mexico has been removed and access to the mine has been restored.
Los Filos has begun a staged restart and is working toward achieving full operations in January. Workers will resume their duties only after testing negative for COVID-19.
GSP RESOURCE CORP. RECEIVES INITIAL DRILL RESULTS FROM ALWIN MINE PROJECT, INCLUDING 2.27% COPPER OVER 12.1M
GSP Resource Corp. has released initial diamond drill core results from the first-stage shallow infill and confirmation drilling of the 2020 Alwin mine project drill program located in the Highland Valley copper camp of British Columbia.
Irish….Penny for your thoughts….. 🙂
https://oldcurrencyexchange.com/2016/12/21/irish-coin-daily-elizabeth-i-copper-penny-3rd-irish-coinage/
I find this to be interesting…….From Ireland to Jamestown…….
Jerry..It’s a great site for research…
Like I said, ….yes, it is a good site…….took me a couple of days to figure out how to use it, plus I did not realize how deep the subject was on Irish coin…, I should have known, for doing my English History, but, , they sure hide a lot of info. from the history books, and even American coin collectors are ignorant…..
Jerry..That penny is worth more than a penny…lol
Ditto…….
Copperfox continues its rise.
Slowing down but still up over 8% at the moment.
Jerry…How would you grade the 1940 penny ?
BTW..Jerry..Cory cant really scold us , as we are talking about presious metals & copper.
lol
I will check it out again……Just got done going over all the coins…and looking at grading….them….
https://oldcurrencyexchange.com/2015/10/01/obrien-price-guide-irish-pre-decimal-penny/
I would consider the coin…..at least a STRONG AU….
The only thing ist is missing is some “red”…to move it into MS state….
Really a NICE coin…..The field is in excellent shape….the majority of the coin is strong
a few dings on the rim,….but, really the coin is SOLID….
I put it under a strong loop, for magnification and found….few problems…..
heck , even the baby chick’s eyes wier there…. 🙂
I do not have a grading book for these coins, but,….In my judgement,,,I still think it is a winner….
What makes the coin a winner……….low mintage for the series….., considering War time copper , was in short supply….Considering the population during WW2, ….
1940….was a historical moment for coins.
The coin would be what I consider, a coin that FOR SURE will go up in value….
the 1/2 crown, 1928 , not to bad either…..nice….
The FREESTate Irish coins are very interesting…..
Again, I am enjoying them and appreciate your kindness.
Very Respectfully Thank you and,Merry Christmas……
https://goldseek.com/article/precious-metals-yellow-flag
Always good to consider both sides of the coin. Not saying Rambus’ piece will come to fruition but in my experience I have found his chart analysis well informed and reasonably accurate.
The fact that gold and silver reversed so quickly after Mondays stimulus news is a concern as it implies that fundamental money creation is less important than other factors in this current environment ie; Covid vaccines. With the vaccine development seemingly going from strength to strength the world over, PMs will come under more pressure in the near term I would have thought.
A positive out of all of this could be that the sooner the vaccine development runs its course and becomes “priced in” to markets then the sooner we can look at further gains in the PMs space. Of course this is based on assumptions and one thing 2020 has taught all and sundry is to assume nothing!
I don’t see any cause for concern since a lot of traders sit out thin holiday trading and others would use the recent strength to go flat and get to the sidelines. Still others are likely to speculate on the behavior of the herd by remaining cautious until the (s)election and “stimulus” are finalized.
I have a feeling things will get very good for us before mid-January as more big money flees the stock market and chooses the best game in town.
Sentiment got needlessly crushed with yesterday’s action and that seems bullish to me. The best moves always begin with nothing but doubt.
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=7&dy=0&id=p20163141870&a=751756191
Your point of thin volume in trading this time of year is valid Matthew and hence why short term trends this time of year should be taken with a grain of salt. That said, Im still a little concerned that we didnt see better follow through action on the back of the approved stimulus. On top of that, there now seems to be abit of tit for tat on the stimulus bill being suspended, boycotted, vetoed etc etc.
I’m not sure the stimulus means much since the smart/big money knows the Fed must inflate and the commodities complex has already confirmed the inflation message that gold and silver delivered months ago. The technical picture is clearly bullish for most timeframes, particularly the most important longer term ones.
Notice that SILJ has not made a new low since September and that the recent breakout was bullishly impulsive as it achieved greater strength in addition to a higher price than the false breakout of early November. Following that failure, SILJ bottomed on the 27th of November almost a month ago and broke out 8 days ago on the 16th of this month. Objectively, the short term picture is net bullish for SILJ which in turn is a bullish sign for the whole sector since SILJ has been much stronger than its golden counterparts yet represents the most speculative and volatile part of the sector. As you can see, yesterday was a gap-filling day since today bullishly gave no downside follow through.
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=0&mn=9&dy=0&id=p37982009633&a=861086222
The weekly chart/intermediate picture is also net bullish. SILJ is still 14% above last week’s low and 20% above November’s low…
https://stockcharts.com/h-sc/ui?s=SILJ&p=W&yr=3&mn=11&dy=0&id=p76393424026&a=825166524
Matt,
it seems to beginning to look like the general stock market is going to take a good hit down soon. If this scenario plays out, then will the PM miners (majorsµ caps) also take a hit or do you think the great “decoupling” is about to take place? Your thoughts on this matter would be appreciated.
Happy Christmas
I think it would take a stock market crash to take down the miners to a degree that sets them back technically. We will probably see a decoupling (as we have in the past) if the stock market falls in a way that is not chaotic/disorderly/panicked. To be more precise, a bad day for stock can always cause a bad day for the miners but if we look at the coming intermediate moves in their entirety, the decoupling will almost certainly be dramatic. The stock market and the miners can be directionally well correlated on most days falling together and rising together but the miners will fall less on the down days and rise much more on the up days. After a few months or even weeks of that, the miners will have dramatically outperformed.
I sure like the looks of my Hecla versus SPY:
https://stockcharts.com/h-sc/ui?s=HL%3ASPY&p=D&yr=0&mn=8&dy=0&id=p95997472887
Happy Christmas
Thanks Matt!
My PM shares are over all flat, a few up a few down.
Copperfox is up over 10% again today.
Gold: https://postimg.cc/grrxGtjT
Will it be Candy or Coal?
$1920 beckons!
A Karl Richter Merry Christmas to all:
https://www.youtube.com/watch?v=LRzheVXIwhI
Kevin Oleary talking about gold miners sure doesnt like the managment of gold producers.
He buys phyzz but wont touch a company.
He figures the majority of the managment of gold miners have never shown an ability to manage costs.
Well, managment is definately something to look at before investing.
I certainly do not blame him……seems to be a lot of light weights in the business,.and not all the accounting statements can be checked…..Once you find a good group of management folks together, for the best interest of the company and stock holder, …keep flying with them….I am not to excited about going on the speculation band wagon with a bunch of misdirected lost souls., only after they skim off the cash for themselves…..
I think David Morgan said he was down to about five companies, and no longer chasing the crowded sector…..
Hey IRISH……here is one of your sleepers……..1933 at least an AU
On December 22, 2020 at 4:45 pm,
https://oldcurrencyexchange.com/2015/10/04/obrien-price-guide-irish-pre-decimal-
threepence/
Took me a little time to figure out the web site, and catalog….. 🙂