Burin Gold – Exploration Starting At The Hickey’s Pond – Paradise Gold Project in Newfoundland With Drills Turning Early Next Year
Dave Clark, CEO of Burin Gold (TSX.V:BURG) joins me to recap the November 29th news release announcing the start of exploration, through an airborne geophysics program at the Hickey’s Pond – Paradise Gold Project (“HPP Project”). I have Dave outline how the geophysics program is now being extended Property wide after the success of the initial smaller program. We also look ahead to the upcoming drill program anticipated to start early next year.
For a full Company overview watch the webinar replay below.
Please email me with any follow up questions for Dave regarding Burin Gold. My email address is Fleck@kereport.com.
In regards to Doc,
It really bothers me that him and Matthew don’t see eye to eye and that’s fine what would this world be if we all got along? I have had my many arguments with Matthew and disagreements with doc including ex. And I realize that at the end of the day I think we all want the same things for the miners to go much much higher.
So I don’t choose a side I have the upmost respect for doc and his calls and his many many calls months ago were very warranted I’m not speaking of two or three months ago. But I also have a Lotta respect for Matthew and his charts and his views and currently I believe that the calls that doc made many months ago from much lower prices have not really planned out as of yet? Which means doc what you have stated could come to fruition. However i changed of course 2 to 3 months ago with that the miners and
not the metal . It bottomed precisely two months ago and I believe that we are headed much higher. I think that’s what Matthew was trying to say with his charts and forks are very compelling and showing us that the low in miners might be here already. In regards to the metals Mathew has been very strong hold that bottom would not be broken and thus far it has not and when you look at the charts clearly there’s an opportunity here . There was an opportunity to it three months ago as well when doc was Bearish we went up example of that is my Iamgold. I actually bought bear creek mining and USA precisely at the low Matthew mentioned on record! That low i called does anyone bounce even remember this? I did not get one praise
So I And with docs conservative approach would have done many well as myself and Matthews more aggressive approach would have had you two fold in two months which is what I did. The verdict remains do we go up from here or do we retest bottoms and break them? If we go back down we are certainly breaking them and I’ve got forks and resistance lines lake Matthew for my purchase prices are there.
And with PS docs conservative approach would have done many well as myself and Matthews more aggressive approach would have had you to fold in two months which is what I did. The verdict remains do we go up from here or do we retest bottoms and break them? If we go back down we are certainly breaking them and I’ve got forks and resistance lines lake Matthew for my purchase prices are there.
I will take this moment to see the last truck that you sent me Matthew on the monthly is very compelling and a very nice chart if that holds as you say the bottom is in as these miners have not broken into newer lows as of yet
Glen
Good thoughts Glenfidish. It would be great if the miners held above their recent lows and kept moving higher.
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Personally, I was quite active today, adding and buying a number of beat up positions in High Gold, Integra, Cartier, Gold Standard, Novo, Elevation, Coeur, Americas Gold & Silver. I did sell my Defiance Silver position today for tax loss purposes, but will buy it back in early January. Beyond the PMs I was also adding to the ETF POTX, and to Denison and Ur-Energy.
Also bought NVO at crazy low price. DNN hmmmmm. Already losing some money on CGN Mining(1164:hk). They recently sold forward uranium to UROY @ $47.50 for 2023-2025.
Yeah, the Uranium miners have remained under pressure all month, which I’m thrilled by, as I was hoping for a good smack down after an insane run for the last 2 years. Out of my portfolio of 7 (now 6 stocks) I sold 85% of all positions (and my total exposure to U stocks) in mid Sept, then got back to 65% a few weeks later in early October. Then sold down to 60%, raised it up to 70%, lowered it back to 60%, and after my buying this week I’m up to 75%. I just keep swing trading the volatile moves in these stocks, but have a big enough position built back up in them, that if there was another big move higher to kick of 2022, then I’d be OK with my stash, but if there is another swift leg down, then I’d get things up to 80-90% positions (leaving a remaining 10% earmarked just in case things went down even further than seems reasonable to buy one last tranche).
I’ve been considering a position in Novo. I find the Hedgeless Horseman’s Novo case persuasive. And Bob Moriarty of course predicts Novo eventually to be the biggest gold company in the world.
I’m just trading it here and there, not likely to hold it for more than a nickel or dime/share gain.
Agreed blazesb. I feel both Bob M. and Erik W. make a compelling case for the longer term picture in Novo, and there are about a dozen or so key contributors over in the NVO room at ceo.ca that also lay out very compelling arguments. I’ve been following Novo personally since 2015 due to Jay Taylor and Mr. Moriarty’s coverage, and had become more interested in 2016 just for Beaton’s creek (which was plugged as being more ready for production even back then). That was all PRIOR to the metal detector videos that went viral on finding the gold nuggets in the Pilbara, and then I sold when it went on that rocket ride higher. Since they they’ve really outlined the thesis for Comet Well and Purdy’s Reward, and then found Egina and highlighted how that will be another supporting deposit. Then they took out strategic stakes in other companies that added more value to the their balance sheet. Then they picked up the mill from Millennium, and shortly after divested Blue Spec.
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I first got back into the stock when they announced they were going into production at Beaton’s Creek, because I’m partial to producers and like to see the revenues fund other exploration, but should have calculated that they’d have challenges and hurtles to overcome like most new producers do. My though process was that since the mill had just been producing recently and they’d already tested their B.C. ore through it, that it was going to be a smoother start up, but alas…. nope. I was trading around the position most of the 2nd half of this year, but was underwater on it, and figured it was best to sell it for tax loss purposes a little over a month ago, and decided today was the day to get back in, while I was buying back other tax loss companies I’d exited in the last few months. The sentiment in the PM sector is crap, and I believe the resource investor audience lost patience with Novo’s longer range plans with the ore-sorters and other properties over the course of 2021, and it’s at the most reasonable valuation I’ve seen in a few years, so I’ll probably hold onto this position for a while to give them time in 2022 to get the kinks worked out and update the market on the progress at all their other projects.
Hi Ex, I agree with you that we are in an inflationary environment, and that it’s cause is excess money printing, that is very easy to see. We have had inflation for many years now, and your right one would have to be brain dead not to notice it. The inflation we are experiencing is much greater than what The Consumer Price Index lists.
When we get a Big Stock Market crash the government will print ever more money and throw it at the markets hoping to forestall a depression. The amount of debt everywhere is colossal and it is intertwined and honeycombed with many other financial instruments. The failure and there will be a failure in at least one big Financial institution could easily topple the system. We don’t have the luxury of a Paul Volcker anymore. You can no longer contain inflation. All the margin accounts will be activated, money will start to disappear at a faster rate than the government can print it and get it to where it needs to go in time. It is so easy to feel rich when the markets are going up but when the pendulum turns down it will be harder to stop on the downswing than it was on the upswing. Pension funds, hedge funds, inflated real estate and inflated bank credit, even your trading account will instantly take a hit. Powell will come out with reassuring statements but that will have no effect. It is a recipe for a deflationary not inflationary disaster. DT
DT – Very well-stated and I agree with everything you laid out except the use of term “deflation” being used in the last sentence. Deflation requires a reduction in money supply (which as noted is not what is happening and the central bankers will actually print more and more new money supply). If you said it’s all setting up for an “inflationary depression,” then I’d be at 100% agreement with what you stated instead of just 95% agreement. Inflation is created from the increased money supply, and then the depression is the disaster from the stock market implosion that sucks valuations down the drain.
Food for thought………………..
https://www.zerohedge.com/markets/what-do-they-know-insiders-are-dumping-stocks-fastest-pace-history
Why are CEOs and corporate insiders selling their stocks at a far faster rate than we have ever seen before? Do they know something that the rest of us do not?
This year’s tally marks the first time that Adobe has tracked a slowdown in spending on major shopping days. The firm first began reporting on e-commerce in 2012, and it analyzes more than 1 trillion visits to retailers’ websites.
Yep. They are starting to rush to the exit doors, after one of the largest and longest speculative rallies on record. It will happen gradually at first, and then all at once…
Just in case anyone is in RARE EARTHS………………
https://www.zerohedge.com/geopolitical/china-creates-new-state-owned-mining-giant-tighten-control-rare-earth-supplies
I’m still quite interested in Rare Earths so thanks for posting that OOTB. In fact I added some more to my Ucore Rare Metals position just this week to increase my exposure to the rare earths sector.
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https://ucore.com/s/corporatepresentation.pdf
Anyone interested in a good Macro outlook? I found this to be an excellent interview with David Rosenberg, “last deflationist standing”. Remember, when everyone else is on the other side of the boat……..https://www.macrovoices.com/ Hope all on these pages have a good weekend.
Hopefully it’s due to an oversight and not intentional but Rosenberg’s assessment of lumber amounts to a strawman argument that fails to make his case for deflation. Lumber has been making higher highs and higher lows for the last 12 years and his characterization of recent action isn’t accurate. Between 2009 and 2013, lumber tripled. Then it fell 48% to the 2015 low which was still 55% above the 2009 low. From there, it tripled again into the 2018 high. Then it fell 58% to the covid crash low of 2020. That low was 28% above the previous low and 99% above the 2009 low. From there, it skyrocketed well over 6-fold into the high of May this year. That’s more than a 12-fold increase from the 2009 low. Then it crashed a massive 74% in 3 months to the August low which was still well over 3-times the 2009 low and 63% above the low of just one year earlier. Today, at $906, lumber is well over 3-times last year’s low and over 6-times the 2009 low.
It could very well be many years before lumber makes a new high but that’s because it went up more than 6-fold in one year, not because of deflation. In other words, it quickly priced-in more than enough inflation to keep a lid on it for a long time.
Deflationists are out of touch, impervious to the fact that life just keeps getting more and more expensive year in and year out. Mark my words, housing will not return to pre-2020 prices regardless of lumber’s price swings and we can thank the immoral actions of the politicians and the central bank that they serve. Covid gave them the cover they needed to execute the greatest wealth transfer in history without any political backlash to speak of. This is collectivism (leftism) at its finest. The tiny few at the top always prosper immensely at the great expense of the majority while that majority are made to believe that the government’s actions were for “the greater good.” It’s nothing new and it will never change.
+1
Spot on!
By-the-by, has anybody paid attention to the proxy battle over at FAR Resources?
I hold a small position and am interested because they have a property, the Winston Project, on the other side of the Gila from Summa Silver. It seems that the “dissidents” are mostly interested in the Lithium properties. Under the guise of throw the bums out I voted the Gold ballot – we will see what happens.
Thanks Mike. I’ve not been following along with Far Resources, but that is interesting about their interest in the Lithium projects. As for their neighbors, Summa Silver, they are doing excellent work in NM, but I’m most animated by what they have going on in NV with some of those high-grade silver hits. People are really negative on Silver and the silver stocks right now, but this too shall pass, and I believe we’ll see it break above the $30 barrier in 2022 and get into the mid $30’s. That should be a pretty exciting catalyst that swings sentiment to the other side of the pendulum. Until then….
Ex – it really is fascinating how the folks on the CA $FAT board are focused on Lithium and really don’t seem to care much about the silver. Unless I am wrong Far is sitting on the Chloride mine or property really near it. There is lots of history and lots of silver that has come out of the place and no doubt more of both to come.
Interesting story. Shame they listed in the precious metals downturn, by present a good opportunity here before drilling.