Exclusive Live Coverage From The Sprott Natural Resource Symposium
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It was a great week at the Sprott Natural Resource Symposium. I thank everyone who swung by the booth and took time to chat and attend some of the luncheons over the four day conference. Throughout the week I will be introducing a number of companies on our site. Please check back in throughout the week and always let me know what you think of the companies.
We thank you for taking time out of your weekend to tune in! Have a great rest of your weekend and stay in touch. I can be reached at anytime on my email at Fleck[at]kereport.com. Please let me know what companies you are interested and guest you would like to see on the show.
- Segment 1: Our host at the Sprott Natural Resource Symposium Rick Rule joins me to recap the show and highlight what he is watching for the resource sector.
- Segment 2: An update from Falco Resources, who continue to build cash and set up the Horne 5 deposit to become a mine.
- Segment 3: John Kaiser shares some of his new research on Novo Resources and explains why has added the Company to his recommended list.
- Segment 4: Byron King wraps up the first hour with his thoughts on the show and recap of the metals sector.
- Segment 5: We open KER Politics Food for Thought with Valentin Schmidt discussing the China Beige Book.
- Segment 6: Big Al discusses the Coalition for a Prospersous America with Michael Stumo.
- Segment 7: Big Al discusses the military trans-gender issue with Lt Colonel RET James McKinney.
- Segment 8: Chris Temple opines on the success to date of the Trump presidency.
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Click download link to listen on this device: Download Show
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Click download link to listen on this device: Download Show
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Thanks for your continued input, Professor.
Al:
Just short comment on Novo and the new discovery. I like John Kaiser a lot but he has it dead wrong about the Hammersley Basin being part of or a remnant of the Wits Basin. The significance of Quinton’s theory is that all basins of that similar age will have gold because it precipitated out of solution. Hammersley is a totally different basin but with a boatload of gold.
Quinton was working on the eastern side of the basin and that’s where the Beaton’s Creek resource is. When he heard about the nuggets being discovered he went to see Karratha and realized there was an unmapped and unknown conglomerate horizon with massive amounts of gold so he staked something like 9800 square km or 320 square miles. Should his theory be correct it could be the biggest discovery in history.
But it was not part of the Witwatersrand Basin and the gold was not in bedrock but in a conglomerate horizon just like Beaton’s Creek and the Wits but a lot richer than either.
Bob M – I appreciate that comment, because in previous interviews Quinton had remarked that his premise was based on the age of the rock being a key criteria in those conglomerates. Thanks.
Appreciate the expert opinion..
Jay Taylor did an interview with Quinton three years ago where his theory is described in some detail. See here: https://www.youtube.com/watch?v=27mYkld_aVw
Quinton studied the origin of the Wits formation while earning his doctoral degree at the Colorado School of Mines. As suggested in the interview, Quinton’s theory of the origin of gold on planet earth may reframe the geology of how to look at gold exploration in the future.
Thanks Bob for further clarification on this amazing story. I first bought this diddy on your recommendation back in 2012 and backed up the truck it last fall. It has certainly NOT been an easy ride but I’ve always been blown away by Quinton’s geo-story. “Story” is important in catching the general public’s imagination. I just hope it doesn’t get dumped back to the .95 level again and again, like it has since I bought it. Sometimes its hard to believe in a story when ya wanna/gotta get paid!
Thanks Robert.You should know that I am no pretty much out of it with positions left in AMY; ADZ; Telos; and Vanity.
My main interest now is KER Politics, Food for Thought.
Pretty much all the investing is left to the Big Guy. i.e. Mr Fleck.
Re: Seg 1.
Did Mr. Friedland discuss this:
https://www.ivanhoemines.com/news/2017/ivanhoe-mines-says-bloomberg-stories-on-ivanhoes-success-in-the-democratic-republic-of-congo-are-flawed-by-a-deceptive-headline/
at the Sprott symposium?
Trumpcare Collapsed Because the Republican Party Cannot Govern
http://nymag.com/daily/intelligencer/2017/07/trumpcare-collapsed-because-republicans-cannot-govern.html#pq=7Cp0MH
Russian Sanctions – The Start of World War III?
Truly a stupid situation. I don’t think this situation will result in a war.
Here’s another:
Sanctions against China, Russia, Iran and North Korea. Part of a Global Military Agenda. Pentagon’s World War III Scenario
The Republican Party is, at this point, completely useless. I can say the same thing about the Republicans that Reagan said about the democrats!
Two Headed Snake ….like I told ya
Trump is not a party man….he dumped Priebus
Drain the swamp party
Man Sends Audition Tape To Globalists To Be Crisis Actor in Next False Flag- Hilarious Satire Skit
If some of the op eds that I read this morning have any substance, I am not saying that they do, Trump is dead meat and I respect the morning or the actions that it seems to be taking.
Who are you reading?
Trump the Disloyalist
http://www.politico.com/magazine/story/2017/07/25/trump-the-disloyalist-215422
That was a hatchet job by Politico. Clearly Sessions has no fire in his belly to go after corruption; he does not want to rock the boat and go after Hillary and her tax evasion, or Lynch and her unethical behavior, or anything else. Almost 6 months and nothing happening. Maybe Sessions is just getting too old or too established.
Why is the Justice Department not looking into:
https://www.youtube.com/watch?v=ZKzzyOsvajc
In the meantime computer hard drives and evidence is being destroyed, so time is important.
Hillary also is being allowed to destroy evidence, although I suspect she may get to hide espionage evidence, she will never be able to hide the tax evasion and charitable foundation miss-handling and corruption no matter how long she is given. (Even with witnesses dying and disappearing)
Sessions has not been investigating unmasking issues.
http://www.washingtontimes.com/news/2017/apr/4/president-trump-jumps-reports-susan-rice-unmasked-/
(and Trump cannot order him specifically to do anything)
FBI lawyer allegedly under investigation for purportedly leaking about Yahoo, Inc. program
The FBI’s top lawyer is allegedly under investigation for purportedly leaking classified material featured in a Reuters report last year that disclosed a top-secret U.S. surveillance program built by Yahoo Inc, according to several government officials with knowledge of the investigation.
Session reminds me of a bloodhound ..looks dumb, but given a clue or scent, will be on the trail
Jerry like me Sessions is very old man at least that’s how Susan Lindauer puts it. I’m a bit miffed as 72 doesn’t strike me as ‘very’ old! And to his former credit he changed his mind from being a strict racist to a civil rights veteran. Maybe in his twilight years Trump will give him a second chance to go after Killary.
Speaking of Susan Lindauer listen to this fantastic Kev Baker interview
Funny A, I am in my prime @69
Hey, youngster Andy, 72 is not old, unless you’ve become set in your ways. Alas, most politicians, by the time they reach that age, have received too many favors and owe too many to others. Sessions appeared sharp at his confirmation hearing, but …?
It may be that there are some skeletons buried that he does not wish dug up. With the amount of unconstitutional surveillance the NSA has been doing, that possible blackmail issues are going on too.
Andrew, Jerry and CFS, I am 73 and I admit that I have slowed down and I am not sure at all that I could handle the job that Sessions has been given.
I would hope that you all opine on my comment about the Clinton’s; the Obama’s and the Republicans as I raise some very valid points.
A mere stripling Jerry!!
A 1 …:)
I made a comment before the election that we would see just how powerful the Clinton family is and I think that now we know as demonstrated by the ineffective Republicans.
What we are seeing right now at the Federal level leads me to believe that the Obama objective will come to fruition.
The question remains for me, “what is the role of the Republicans in all of this? Remember that Bill; Hillary; Barrack; and, Michele are far from stupid people!
Perverted…eventually they go mad..
Are you talking about the Republicans or the Clinton’s or the Obama’s?
It is clear that Obama used dictatorial beliefs to use all the powers of government to spy on his opposition.
I don’t know what the “Obama objective is/was though.
Thank goodness the Presidency is term-limited.
If you consider Obama objectively, you have to admit that he did push much of his agenda through!
Cooperation from the paid off group.
Obama succeeded because he had media on his side and Republicans for the most part were more interested in re-election than doing what was in the best interests of their country.
Spineless, gutless, corrupt as many of them are.
I don’t know who in their right mind would want to be President either, talk about a can of worms, it is just one huge headache after another.
I think Trump will be much better off without Priebus, the leaks must stop and if they do I think we can conclude who was the source. I really do not want to see The Clintons back in The White House ever again. If the election in November 2016 was positive at all it certainly could be said it put limitations on Bill and Hillary’s influence and power. Can you imagine how open borders and amnesty would have changed America. DT
Unfortunately, the U.S. Presidency attracts more egomaniacal personalities that public-minded reformers.
And Congress attracts more greedy, corrupt personalities than public servants.
A great pity our founding fathers did not include term limits and balanced budget requirements.
How power and love of money corrupt.
DT,
I would assume that if open borders were the case odds are pretty good that we could very few successful people and probably many loosers thrown in with the good folks who were truly looking for legal opportunity. My second guess is that we would get few, if any, folks from Canada.
GLD LOSES 3.54 TONNES and SLV LOSES 1.115 MILLION OZ
This discussed by Bill Fleckenstein in
https://api.soundcloud.com/tracks/335336701/download?secret_token=s-Rkawa&client_id=cUa40O3Jg3Emvp6Tv4U6ymYYO50NUGpJ
but I suspect it will be headed to Asia.
– Cory, hearing nuts-and-bolts mining is good, but London/NYC is still setting the price, the financiers are enforcing the current system, and mining CEOs are still timid about the future of the mining sector. Politics and multinational control still rule this sector. I would be more interested in hearing each individual CEO’s estimation of their personal political environment, as well as multinational attitudes about the precious metal sector in the near and far future (i.e., when is China/Russia going to break the gold cartel?).
– The US military should not be a Petri dish or top-down social experiment for politicians trying to validate non-conservative socioeconomic theories in a special environment. We used to be a military that emphasized “every soldier is a General”. That is no longer the case. We need to return to those conservative parameters and concrete objectives. I appreciate LTC McKinney’s personal experience as he recalled his company commander experience (I can relate) and his battalion S3/Ops experience. Trump’s decision about LGBT in the military appears to be a purely economical decision – we can’t offer free surgery to an individual for a life-changing decision. The VA is bad enough without giving preferential treatment to a small minority.
– Mr. Temple is correct – 7 months wasted on partisan politics solely to salvage personal fiefdoms and prevent the President from having any political goals achieved to announce for the 2018 elections. It’s stalemate at its’ worst. But what does the first Republican President do to counter 16 years of bureaucracy-stuffing with agenda-over-law appointees and lackeys?
Good point on price setting by the riggers .
And an interesting point about the President.
Mr. Trump certainly made an economic case that the armed forces should not have to pay for transgender operations, but I wonder if that was really to reduce the appearance of sexism in his decision.
Of interest is something not reported by the media. The LGBT community represents itself as about 10% of the population. In the military, where there has been a significant economic advantage for transgender wannabees to sign up, the population of LGBT is closer to 3%, so I wonder if the liberal media has actually been hyping this cause.
No way should the military pay for a sex change,at the expense of the taxpayer.
What happens when all congress wants a sex change….
OOTB:
Congress doesn’t need a sex change, they need to grow some balls.
Or castrated
I bet Maddog can not wait to jump in the foxhole with the new kinder fellow
Jerry, I never realized that this was ever on the table.
Well, duh, Jerry!
I personally don’t see that happening.
Stupid is stupid,…and just how did we get to this point….
You’re right ,Maddog is to old to be jumping in foxholes….. 🙂
The media isn’t just liberal but, I believe, disproportionately filled with LGBT, so it would not be at all surprising if they misrepresent the true number in broader society.
That is my understanding CFS,
Trump is not an efficient deal maker . Private real estate companys are not the same as Rex Tillerson from EXON who knew how to run a truly large complex company . Real reform in healthcare means some type of national . health insurance. Canada st yle or Tiwan style are good examples.. Pence or Ryan will be president by end of this year. best of health and wealth to you all SCott
Point….real estate is a victim of the riggers,..oil is part of the problem….like petro dollar.
Ryan will be lucky to keep his seat, the story is out on the moron…..Ryan is the sell out
Russell, not sure if it will happen by the end of the year, but I am pretty sure that it will eventually happen.
From all of the conversations that I have had with experts in the medical industry, I am convinced that private business needs to be taken out of the equation.
Refugee Crisis Tearing Europe Apart – Armstrong
The European Commission is close to triggering Article 7 on Poland for refusing to accept refugees. Article 7 is called the “nuclear option” that denies a member the right to vote. The Commission is reported to be preparing infringement proceedings against Warsaw for breaching EU law over its plans to bring the judiciary under government control. Under EU law, the Commission may determine that there is a risk of a serious breach if a member goes against the directive of the EU. Poland should simply exit the EU. Italy is drowning in refugees and it is likely to bankrupt that country.
The entire secret agenda is about the Pension Crisis. The low birthrates in Europe have made politicians assume that the refugees can be put to work to pay taxes to bailout the pensions. Yet in the process, they are indeed changing the culture of Europe.
Meanwhile, the terrorist attacks continue. On Friday, a failed refugee lacking documentation began stabbing people in a supermarket on Friday in Hamburg yelling ‘Allahu Akbar’ injuring six people before he was tackled by people present. The worst cities are Brussels and Paris and Frankfurt, which used to be very clean, is showing garbage just thrown around in the park by the Euro symbol. London is very booming with tourists still and many European friends who use to go to Greece for holidays switched to Portugal, USA, or Canary Islands.
Marked, the commission is also mad about Austria closing its borders. Sadly Europe will be Islamified within two generations even if immigration stopped right now.
And I say “sadly” because I believe that culture is distinctly inferior to the Anglo-Saxon one with regard to tolerance and anti-female sexism.
They will come and be chased out again…jmo
CFS…inclusion seems to be backfiring. Politico’s always react to social problems without common sense. They broke the middle east in the name of “we know whats best for them”. They act surprised cultures savaged for centuries, suffer from religious brainwashing.
The key to making everyone think the same, is to outbreed the population you wish to control. Europe is well on its way to becoming a muslim state. Vote for the same politicos and see what you get. California is one of a few states following Europe’s immigration model.
Nothing will change until their pension checks bounce.
The entire secret agenda is about the Pension Crisis. The low birthrates in Europe have made politicians assume that the refugees can be put to work to pay taxes to bailout the pensions. Yet in the process, they are indeed changing the culture of Europe.
I just can’t believe that. How can illiterate refuges who can’t even speak the language or support themselves generate tax revenue? That’s totally asinine.
It’s not about the pensions, it’s about destroying western culture. That’s why they are flooding Europe with these people.
“It’s not about the pensions, it’s about destroying western culture.”
Absolutely. And who is behind it? The obvious guess is the Zionists.
I believe that you are incorrect on this one GH because there is absolutely no sane reason for them to do that. They are all about protecting Israel which does include extraneous issues as Moriarty brings up but I see no reason to support the “Islamification” of the U.S. and Europe as a means to their end of protection for Israel.
Maybe it’s all just Murphy’s Law in action, Al. But I don’t think so. I think all of these things are happening because someone has an agenda.
To the best of my ability to determine, the mass media is overwhelmingly owned by Zionists. They sell us the Neocons wars. And they’ve sold us ‘multiculturalism’ and the the flood of refugees. If the media had the same bias against the flood of refugees into Europe that they have displayed against Trump, there would be no flood of refugees into Europe.
I wouldn’t call them sane. For them protecting Israel means controlling the entire world. And they do that by sowing dissent and dividing and conquering all those around them.
I agree with you GH.
GH:
You said, “For them protecting Israel means controlling the entire world.
Indeed. This is not about controlling the Middle East. They own France and the UK, they run the entire US political system, State Department and Defense Department and want the rest of the world to fall into line. Don’t think for even a second that any of this is some accident. It’s not.
Robert, no, it’s not an accident and that’s not debatable. With the evidence that exists, it shouldn’t be controversial either.
The thing I don’t get is why the natives put up with this. Merkel should be swinging from a lamp post but instead she gets re-elected over and over…WTF?
Well, maybe the migrants and feminists deserve each other….
NO GROPING Swimming pool bosses put up signs banning migrants from female changing rooms and telling them not to grope women in Austrian market town
‘Women are being attacked every day’: violence at small town festival reignites migration debate
Islamist Migrant Set To Be Released From German Prison Despite Making Terror Threats
‘Everything will collapse’ German courts ‘overwhelmed’ by asylum seeker claims
GERMAN courts are on the brink of collapse as they are being “overwhelmed” by asylum seeker appeals and applications, a top judge has warned.
The Death of Europe in 29 Pictures
Germany’s Migrant Rape Crisis: January 2017
https://www.gatestoneinstitute.org/9934/germany-rape-january
Eddy, the “pension crisis”; the “U.S. National Debt”; other “gigantic debt around the world” are three major crisis that I have been discussing one way or another since the turn of the century. Common economic sense has pointed in that direction for a long time. I, quite frankly, am amazed that it hasn’t hit the fan yet!
Sustainable Development, Migration And The Multi-Cultural Destruction Of The Nation State
It’s Your Money But You Can’t Have It: EU Proposes Account Freezes To Halt Bank Runs
European Union states are considering measures which would allow them to temporarily stop people withdrawing money from their accounts to prevent bank runs, an EU document reviewed by Reuters revealed.
Interesting as I was unaware of this, Markedtofuture.
This is but one more skirmish in the overall war:
http://money.visualcapitalist.com/global-war-on-cash/
Of particula note (to me) in this infographic is the impact on savings (#2), which includes the fact that you can no longer store wealth “outside the system”; it facilitates negative interest rates (which you cannot avoid); you will be “on the hook” for bank “bail-ins”; you will have limited ability to react to extreme monetary conditions like deflation or inflation.
Mike,
The risk to depositors of bank bail-ins are overblown. Bank bail-ins in the U.S. only would take place in banks considered to be a systemically important financial institution and would only involve uninsured deposits as well as bondholders. And even then probably only some of the uninsured depositors money will be used. A taxpayer bailout would take place before one penny is lost to an insured depositor.
The main risk for most people who have money in a bank or credit union is dollar devaluation, hyperinflation, or things that would prevent you from accessing your money such as the grid going down because of an EMP attack or a bank cyber attack. Or may be capital controls being put in place because of bank runs. While these things are not likely to happen in the near future they still must be taking into account.
Miller
Wrong. The debt is way too large to be bailed out by anyone.
I never said that. Please read what I said. A taxpayer bailout (money printing) would take place before one penny would taken from an insured depositor. That is all I said and it is true. The government can print tens of trillions without the public knowing about it. The main risk to insured depositors are not bail-ins. I almost would not even call it a risk.
Mr. Moriarty,
Let me clarify what I am saying since I think we are talking about different things. I am talking about insured depositors or more accurately the FDIC insurance fund being “bailed out”. A taxpayer bailout of the FDIC insurance fund will happen before any insured depositors loses any money. I do not know what debt you are referring to.
The only solution is a complete re-structuring of the entire system. It will eventually happen.
End the Fed..
“European Union states are considering measures which would allow them to temporarily stop people withdrawing money from their accounts to prevent bank runs, an EU document reviewed by Reuters revealed.”
How is this news? I guess things need to be repeated a few thousand times for people to hear it.
Anyone that doesnt have enough cash to get them by should the system freeze up now, (at least people that read these blogs), deserve awards for stupid.
Ditto….stupid
Not you..I just reread my post ,and was not meaning to call you stupid..just in case….
Cyprus replay
In the U.S., banks already have the right to stop people from taking most or all of their money out of the bank temporarily. The Federal Reserve’s Regulation D allows banks and credit unions the right to require that the depositor give 7 days written notice to withdraw or transfer all or part of the balance of any time deposit account. A time deposit account is a savings account, negotiable order of withdrawal account (NOW) or money market deposit account (MMDA).
Certificate of Deposits (CD), also a time deposit account, requires written notice in cases of an early withdrawal prior to the maturity date. Sometimes as much as 30 days. And even then the bank can deny your request.
Demand deposit accounts, like checking accounts, are not subject to the 7 days written notice. However many checking accounts consist of two sub-accounts – a checking sub-account and a money market sub-account. The bank can reserve the right to require at least 7 days written notice prior to the withdrawal or transfer of any funds from the money market sub-account.
Granted banks today do not require depositors give them advanced notice to withdrawal money from their account, except for CD early withdrawals, but if there is a bank run, the bank could exercise their right and require that the depositor give at least 7 days written notice to withdrawal or transfer some or all of the money deposited in any time deposit account. And in the case of CDs, deny any early withdrawal requests.
So I would advise anyone who is very concerned with safety and liquidity, to have as little money as you feel comfortable with in a good local bank or credit union and not to have any that is in a time deposit account. But like I said, that is for people who are very concerned.
JMiller:
Anyone informed is very concerned. This is not a trivial matter.
Agree. Unfortunately most people are not informed which is why they are not very concerned. And many people who read fear porn from the ALT media are misinformed.
Bob,
You and I have had this conversation many, many, times in the past at various locations around North America.
Mr. Big Al Korelin, whatever happened to the days when men were men and women were women?
Now we have this but you gotta admit it is rather amusing…
Hilarious…
I’m also disturbed Cecile would marginalize all differently-abled bodies by use of the verb “Standing.” How could Madalena ignore that?!
Now you gotta be careful not to offend the non-binary folks….
Christians can not condone unnatural behaviour….
Finally we have a leader which is not afraid to address a situation.
I would agree with your comment about “finally we have a leader who is not afraid to address a situation.
But then again OOTB there is a difference between condoning and judging. I don’t condone, what I believe is unnatural behavior, but I know that it is not my place to judge, but God’s place and I am at peace with that.
You are not judging,…using wisdom,so they may not parish …eventually God gives them up ,if they do not change….in Matthew it is written.
Even Socrates said it was natural….
Un Natural
Just an added note….to OWL……..read 1 Corinthians 6
Soros appeared.
Soros is a real world wide problem
Soros is a very successful, from a wealth standpoint, man who has an agenda. I have read a number of his books and he makes some good economic points but I cannot agree with his social points.
We got old, Eddy and society evolved into a direction that I never imagined.
I tell you, Mr. Big Al Korelin, I feel like a stranger in a strange land.
I was born at the wrong time, in the wrong place.
I do not belong in this society and I want no part of it.
Again Al, I believe this is the result of an agenda, not natural cultural evolution. When you think about it, gender confusion is about as anti-evolutionary as you can get.
If the mass media were not on board, this would not be happening.
Agenda, natural cultural evolution? In the end, the result is the same.
Here ya go, Mr. Big Al Korelin…
Big Al, I agree with you, that there is no reason to be impolite. (As you stated in Seg 7.
However, I would disagree with your condemnation of being judgemental.
One needs to be tolerant, but there are some things that are right and some things that are wrong…..under any acceptable civilized standard.
Inalienable rights are not a matter of judgement, whether those rights are god-given or derived from societal considerations. Slavery was wrong and is wrong, even if endorsed and practised in this day by Islam. On that I am judgemental. Theft is wrong. About that I am judgemental. The golden rule, life, liberty and the pursuit of happiness, the ten commandments are all things about which I accept the judgement of predecessors far smarter than I, because such guidance creates a better society. (Even if I am not a Christian or Jewish.)
Probably correct CFS. Breaking God’s law is one thing but being morally judgmental is God’s duty. In this case, I agree with the current Pope.
The current Pope in his Marxist beliefs is clearly fallible.
Tut, tut. There I go being judgemental, again!
Morality comes from people, not religion. Religions change AFTER the people do, not the other way around. This should be obvious to everyone but isn’t.
Great point Matthew.
Mr Tut,tut,
As a Catholic, I believe that every human being is fallible!
Not Papa, surely?
If only the general public were engaged.
https://www.youtube.com/watch?v=hB3l6DDvx2U
Unfortunately the media is mostly liberal.
The understatement of the day, CFS!
Byron King: All Things Favor Gold in the Medium to Long Term
Jul 25, 2017
” Gold may see some ups and downs in the second half of 2017, but in general it’s heading higher.That’s according to Byron King of Agora Financial — speaking from the sidelines of the #Sprott Natural Resource Symposium, King said he sees the yellow metal breaching $1,300 per ounce before the year is over.
“All things favor gold over certainly the medium to long term,” he commented.
The Metals Rally May Have Just Begun
by @Goldfinger on July 29, 2017
“Not all metals are created equal and there is often a wide disparity between the performance of base metals and precious metals. After all, they are used for very different reasons. However, last week virtually every metal, ranging from copper to gold, was bid higher; base metals in particular rallied impressively with copper gaining 5.6% and nickel surging ~8%.”
“After a slow start to the month of July the commodity sector as a whole has turned July into the best month of 2017 so far….”
https://ceo.ca/@goldfinger/the-metals-rally-may-have-just-begun
Here’s a portfolio update from Jay Fi Fighter (@Jayfire). Lots of good companies featured on his list, but I’m biased an hold a number of them as well. 😉
http://fifighter.com/wp-content/uploads/2017/07/Screen-Shot-2017-07-28-at-4.10.57-PM.png
Mining Stocks Recap – Jay Fi Fighter
Topics of discussion for the week ending in July 28, 2017:
Tesla Model 3, AVZ Minerals, Ardea Resources, Nzuri Copper, eCobalt Solutions, Critical Elements, Pilbara Minerals, NexGen Energy, Lithium, Gold, Silver, Uranium.
https://steemit.com/podcast/@fifighter/fi-fighter-mining-stocks-recap-july-28-2017
Becoming Wealthy – Chasing Tier 1 Assets
7 hours ago – Jay Fi Fighter
“Although there are too many asset classes out there to name, for this discussion I’m going to keep things extremely simple and confine things to hard assets, my favorite and preferred investment vehicle to making money. Point blank — Seldom does anyone go piss broke betting on the highest quality hard assets, especially if you can buy at low prices below the historical mean.”
https://steemit.com/money/@fifighter/becoming-wealthy-chasing-tier-1-assets
SEGMENT 4: I really enjoyed Bryon’s comments on this Weekend Show.
He really nailed the 18 month action (grab samples, geochem, VTEM, geological understanding) plan BEFORE companies start drilling. His macro thoughts on Gold & Silver were well-balanced to boot. Nice little plug for Auryn as well as the Sprott SGDM and SGDJ ETFs.
Gold marks highest finish since mid-June, up 1.1% for the week
Published: July 28, 2017
2017-07-28 23:55 ET – News Release
LOS ANGELES, July 28, 2017 (GLOBE NEWSWIRE) — Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Tahoe Resources Inc. (“Tahoe” or the “Company”) (NYSE:TAHO) for possible violations of federal securities laws between March 12, 2015 and July 5, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired Tahoe shares during the Class Period should contact the firm prior to the September 5, 2017 lead plaintiff motion deadline.
2017-07-28 16:23 ET – News Release
Mr. Bruce McLeod reports
SABINA GOLD & SILVER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FLOW THROUGH FINANCING TO RAISE $6 MILLION
Sabina Gold & Silver Corp. has arranged a non-brokered private placement pursuant to which it will sell up to 2,105,265 flow-through common shares at a price of $2.85 per share to raise gross proceeds of approximately $6-million. The proceeds from the sale of the flow-through common shares will be used for exploration on the company’s Back River project.
Very Happy with Sabina’s outcome. I was in and out of SBB 3 different times since 2016 but was a bit nervous this permit would get rejected a 3rd time so was on the sidelines when the news broke. The stock has surged accordingly, and most are correct that it is a takeover target, but most of that has been priced in over the last 2-3 months. (of course if they got taken over there may be 40%+ more upside left).
Personally I’m happy for them, but am moving on to stories that are not so widely followed and are still at significant value perception arbitrages.
I’d put Sabina in the same category of advanced Development stories with Continental Gold, Atlantic Gold, Victoria Gold, Pilot Gold or Dalradian Resources; where they are absolutely solid projects that are properly valued and will likely get acquired by a larger entity down the road.
There are also still the Development whoppers like Pretium, Seabridge, Novagold, International Tower Hill mines, etc… that are very capital intensive large projects to bring on line, but have the geological goods. (although some are still very concerned about Pretiums “nugget” effect and continuity. Most predict they’ll throw the “Jewelry Box” high grade material at the mill first to get the market hyped, but then after that initial euphoria….. we’ll see).
Personally, I’m still very keen on many of the lesser followed development stories in the Gold and Silver space like – of which there are about 50-60 in play.
Some of the ones that have piqued my interest and still seem to be undervalued and ripe for the pickings are Hummingbird Resources, Orezone, West African Resources, West Kirkland Mining, Newcastle, Minera Alamos, Monarques Gold, Goldquest, Gold Standard Ventures, Entree Gold, Benton Resources, Belo Sun, Amarillo Gold, Pershing Gold, Rupert Resources, Northern Vertex, Telson Resources, TMAC,Winston Gold, Pure Gold, Midas Gold, Minco Silver, Bear Creek Mining, Bayhorse Mining, Alexco, Aurcana Resources, Kootenay Silver, Golden Arrow, Silver Bear Resources, etc……
Can i put more Videos Sabina ?
i have a Good 1 ?
James I’m sure you can post whatever videos you want on here as long as they aren’t overtly hostile to others or so offensive that people will be complaining about them.
If you have some videos on Sabina Gold & Silver then this would be a good thread to post them on.
Also, if there are any other Development Stage companies that investors are really liking at current pricing, it would be great to hear anyone’s ideas. I threw out a number of names up above for the Developers.
Does anyone have any that believe will outperform their peer group or are very undervalued relative to their peers?
Only 1 ! A parody ! https://www.youtube.com/watch?v=vwwZ42EZ-Mk
James I though you had a Sabina video to post?
Ex…do you own any GT Gold? Drill results have been real nice so far.
Updated Presentation http://gtgoldcorp.ca/_resources/corporate-presentation.pdf
Hi Markedtofuture – No unfortunately I don’t have a position in GT Gold, but have been watching with keen interest the explosive move it has had over the last 2 weeks over at ceo.ca. Hardly anyone here has been discussing it, but it was one of the prime movers in the Jr markets along with Novo Resources for the month of July.
Really both GTT and NVO are great news for the whole sector, because they show it is coming back to life on discovery and exploration results. That’s good for everybody.
With drilling season underway, and many assays pending, the next 2-3 months may have some real fireworks in store!
Looking forward to closely monitoring the news-flow from many of the exploration programs waiting to report. Fun times.
Excellon Silver had some VERY impressive drill results out this last week as well. I had posted it on Wednesday, but in case any Silver investors missed it:
$EXN $EXLLF Excellon Drills 2,318 G/T Silver Equivalent Over 6.76 Metres At Platosa
Toronto, Ontario – July 26, 2017 –
Highest Grade #Silver #Producer in #Mexico strikes again #Zinc #Lead #Drillplays
• 886 g/t Ag, 8.8% Pb and 20.5% Zn or 2,318 g/t Ag equivalent (“AgEq”) over 6.76 metres in EX17UG323;
• 2,965 g/t Ag, 16.4% Pb and 0.9% Zn or 3,702 g/t AgEq over 1.45 metres and 1,171 g/t Ag, 9.3% Pb and 2.9% Zn or 1,713 g/t AgEq over 1.06 metres in EX17UG324;
• 1,600 g/t Ag, 6.4% Pb and 8.7% Zn or 2,319 g/t AgEq over 3.70 metres in EX17UG325;
• 3,574 g/t Ag, 28.2% Pb and 18.7% Zn or 5,727 g/t AgEq over 1.27 metres in EX14UG200; and
• 1,238 g/t Ag, 5.3% Pb and 2.9% Zn or 1,611 g/t AgEq over 2.10 metres in PH17-27;
http://www.excellonresources.com/news/details/index.php?content_id=169
(GTT) GT Gold Chart:
http://stockcharts.com/h-sc/ui?s=GTT.V&p=D&yr=0&mn=3&dy=0&id=p53568107972
Hi ! AL Korelin ! How are you ? And DOC ?
AL ! A song origenal from Belgium ! https://www.youtube.com/watch?v=MSlb5M88rOg
Doc and Judy are in the midst of a major remodel and Kathy and I are in the midst of a great personal remodel.
We are doing great, thank you.
I will pray for good !
Food for thought:
American Caudillo…..mostly left-wing garbage.
Come on, describing descxribing Trump as having disdain for the rule of law is hardly enlightening when the majority of immigrants coming from south of the border is, IN FACT, ILLEGAL.
The author is, in my opinion, simply a biased moron……”well-educated”, but biased beyond reason.
Rick Rule is right, the “penny dreadfuls” are where it’s at.
GOEX looks good even when priced in gold:
http://stockcharts.com/h-sc/ui?s=GOEX%3A%24GOLD&p=W&yr=2&mn=7&dy=0&id=p04064274670&a=537043642
In addition to the good news from Novo this week, it seems First Mining finance probably has its first saleable property.
Keith Neumeyer and Patrick Donnelly’s First Mining Finance Corp. (FF),(FFMGF) unchanged at 62 cents on 793,000 shares, has received assays of up to 1.39 grams of gold per tonne over 202 metres at its Goldlund project near Sioux Lookout in Northwestern Ontario. (A two-metre interval that averaged 43.28 grams per tonne bolstered the average grade.) The latest assays, the sixth batch in a continuing stream of results, are from another 14 holes drilled in a now completed 24,300-metre phase 1 drill program. There were several long hits of gold, accompanied by narrow high-grade intervals, including a 179-metre zone that averaged 1.13 grams per tonne and a 90-metre interval that assayed 1.32 grams per tonne.
Thanks, I didn’t know that about FF.
Even those of us who missed Novo’s gains should be happy about the company’s success. It is very good for the sector in general.
http://stockcharts.com/h-sc/ui?s=NVO.V&p=W&yr=2&mn=7&dy=0&id=p27652710900&a=537045510
I agree Matthew, and as mentioned up above both NVO and GTT having such nice results the last 2 week are a good sign the investors are valuing exploration results. Good stuff!
P.S. – I was able to cash in on the NVO gains, but this should come as no surprise…. Blew my position out way to early once again. Honestly, I’m shocked at how high Novo has run here, but thrilled for Quinton and the team, and all investors that were positioned for the ride up. Fantastic action.
The phenomenon around GT Gold for the last week or two has been wild, but unfortunately I missed out on that one.
(GTT) GT Gold Chart:
http://stockcharts.com/h-sc/ui?s=GTT.V&p=D&yr=0&mn=3&dy=0&id=p53568107972
First Finance probably did not move on the news because it was originally over-hyped by Neumeyer and has too many shares.
Ex, it’s easier to make money speculating on rising speculative interest than on drill holes. A lot of people will be throwing money around with the hope that they will own the next Novo. The first among them might be early Novo shareholders who’ve taken huge profits that need to be redeployed.
Yes, I love rising speculative interest….. 🙂
The rising tide lifts all boats, and some miners will have more leverage to the upside based on their costs, margins, debt load, share structure, and underlying assets.
However, the marketplace is rewarding good exploration work and good drill holes with a premium valuation (often frothy valuations). I believe many of the companies we discuss on here have the ability to rise into the speculative interest of rising metals prices AND have the potential for great exploration results and drill results. That is why I was invested in Novo in the first place, and feel the same way about most of the stocks I hold. This is going to be a very fun metals and commodities cycle for sure.
Ascot Resources drills 52.4 m of 5.17 g/t Au at Premier
2017-07-28 08:03 ET – News Release
Mr. John Toffan reports
ASCOT RESOURCES INTERSECTS 190.5 G/T AU OVER 1.20 METERS IN THE NEW HIGHGRADE BEN SUBZONE AT NORTHERN LIGHTS
Ascot Resources Ltd. has released drill results from the Ben subzone of the Northern Lights main zone at its Premier property in British Columbia.
The Premier property covers more than 100 square kilometres near the town of Stewart in northwest British Columbia and includes the old Premier mine, a past producer of 2.1 million ounces gold and 44.9 million ounces silver.
Loretta Lynch discussed by Hannity:
Tarmac baby is in trouble and Ryan with her,if they prove he was on the plane….one dead pilot mystery death needs to be investigated..
I don’t believe Trump will ever be impeached for one the people that are attacking him would be open to matters that are political but do not involve Donald Trump. A grand jury investigation which would precede the impeachment would expose so many other politicians that have plenty to hide. Trump does not go quietly into the night. DT
I agree, Trump will never be impeached..
That, DT, is an interesting scenario.
With a Republican majority in both the House and the Senate, talk of impeachment makes no sense.
A cashless society, however, may be forced upon us.
https://www.moneyandmarkets.com/is-the-world-going-cashless-87530
Cashless society has already happened ..people can not come up with $400 if emergency arises.
OOTB, you are certainly correct from a practical standpoint. I have not carried any cash at all for years.
Not me….I always have cash
There is no Republican majority…..that is a pipe dream for hippies
I was also in Novo just at the beginning of the last rally and I sold out after a 35% gain, it is always good to take a profit, never second guess the market, opportunities are like ladies of the night. Where else can you get a gain like that? DT
That’s what I thought when I sold my AAPL back in the 1980’s. Then it went up several hundred fold. I’m not selling my Novo for a while.
California wants to split from the union.,……moving one step closer., needs 600,000 signatures….to consider . Zh
Sessions might be moving to homeland security….bringing someone else to DOJ….to fire Mueller …just heard that one….Trump on the move
Mueller is not going to last…take it to the bank 🙂
Now this is just hilarious…
Matt I might redeploy a 1/3 of my Novo position next month. Wondering if JAG, SNG, Falco etc would be good plays. I already own own them, but the prices are shockingly low especially for the JAG. What the hell went wrong over there? Is it in the Penny-Dreadful” territory now? I thought Sprott bought loads of this last year? EX what went wrong and is it still a good play?
I wonder if Doc, Bob Moriarity, Al, Cory, and Quinton have sold any Novo yet? I was glad to see John Kaiser recommended it last week. If Quinton’s theory is right it could easily go up another 10 or 20 fold, so I’m standing pat.
Bonzo, just be prepared for a correction along the way even if it IS destined for 10-20 fold gains. It is critically overbought and getting even more so with Kaiser’s subscribers entering it. From a short to mid term perspective, it WILL run out of buyers and correct before going higher. Of course, the bull who sells faces a risk: from what level will it correct?
I have been able to buy a lot of companies cheap this year because I sold a lot into last year’s rise. And I do believe that many will ultimately go up 10-20 times from here.
I agree and exited my Novo Resources holding on the first initial run up, and the balance in the early phases of the 2nd run up last week. I’m out for now, but exited too soon and the stock has continued to soar. Amazing move up in NVO.
John Kaiser and a few other Newsletter Writers and Analysts have continued to highlight the Novo story (and rightly so), but I think it is a bit ahead of itself at this point.
Still it may rise many multiples higher over the longer duration, if Quinton and the team prove out their thesis. Fun times in Jr Exploration!
Excelsior:
Any stock going up 250% in a week is overdone. It will correct at some point. And at another point it might go up 100 fold. I haven’t sold and I’d be a buyer in a serious correction.
Yes, agreed Bob M. I’ll also be a buyer on any meaningful corrections, but wonder how many investors feel the same way. Novo may not correct much with so much pent up interest on the sidelines, but my initial concern was how far it had risen before the assays came back and I thought it would pop on the videos and sell on the news. However, now I feel Novo naked, and if the news is encouraging, that the shares may just keep running. I feel justified in trimming on such a move, but in retrospect…. should have left my partial position in place for the ride.
I’m keeping a close eye on it for sure and will take advantage of any weakness or pullbacks. After seeing it’s strength hold, and interest grow, I’m just concerned there won’t be any meaningful corrections 🙂
Confused, Sprott bought another 4.5+ million shares just last month and paid C$0.44 per share. I own JAG and like it a lot at the current price but it’s another Sprott holding that I like even more — Impact Silver. Based on its risk/reward profile (management, exploration upside, balance sheet, valuation, political jurisdiction) IPT looks hard to beat.
Sorry, I don’t know much about SNG or Falco.
I like both Impact and Jaguar and believe both represent great value at present pricing.
Confused were you asking about Scorpio Gold SGN?
They just had good news out this last week as well on their current Exploration program and 3 of the holes drilled hit 9 – 11 g/t Gold.
______________________________________________________________________
Scorpio Gold’s 2017 Phase I Drilling Encounters High-Grade Gold Proximal to Underground Mine Workings at the Goldwedge Project, Nevada
July 27, 2017
“Scorpio Gold Corporation (TSX-V: SGN) is pleased to report final results from its 2017 Phase I exploration drilling program at the Goldwedge project, located in Manhattan Nevada….”
As for Falco, it is definitely one I’ve been considering for a while, mostly because I believe their results to date have been very solid, and that Osisko will likely buy them out in the next 12-18 months.
I assumed there was no typo and that he was talking about Silver Range Resources.
http://stockcharts.com/h-sc/ui?s=SNG.V&p=D&yr=1&mn=0&dy=13&id=p89951092796
Or she.
Oh good point on Silver Range.
Well, one can own Strategic Metals for exposure to them and many other explorations companies with less risk and more diversification. It may limit the upside, but it also has much greater odds of success because of the basket of companies that under the prospect generator model.
Hi Chartster. Regarding JAG, we commented a great deal earlier in the week on this one. I still hold a significant position in Jaguar Mining, and bought more this last week on the spike down when a larger seller/fund liquidated their shares. It could have been prompted by the news that Brazil was changing their mining code (even though some areas were positive, while others, like increased royalties, were obviously negative).
Still, the CEO and Investor Relations spoke with a few traders I keep tabs on over at ceo.ca and they stated it was just one larger seller (not Sprott) that was exiting their position, and it got a bit messy, but is mostly done at this point.
I still feel JAG has sound fundamental drivers, with improving cash costs, and cash reserves. They have 3 active mines in 2 mining complexes, produce near 100,000 ounces of Gold per year, have a mine and milling complex on care an maintenance, a huge development project, and 2 exploration projects.
If you looked at how JAG measures up to peers on many metrics, they were very undervalued BEFORE this sell down. Now the valuation is getting silly and this stock deserves to be trading several multiples higher.
I believe JAG will offer significant leverage to rising metals prices once the dust settles and continue to be constructive on this company and their growth profile. Brazil worries me a bit, but not enough to warrant the haircut that came in over the last week.
Like I said earlier this week, I still see this as Christmas in July as regards to JAG.
Cheers!
Um… that’s not Chartster. Confused? 🙂
Yes, sorry about that. The message above was to Confused, not Chartster.
Thanks for keeping me on my toes 🙂
Apparently I was the one that was confused (haha!)
Thanks Ex,
I’m thinking I might even trim %50 of my Novo and realocate the winnings to a 50/50% between JAG and IMPACT. Ridiculously cheap xmas gifts abound!
I wonder if the Doc man is buying these two issues on this price collapse??? WELL DOC???
Well Novo has sure had quite a run, and I already sold completely out of it, but the stock continued to run afterwards and I felt like a dummy. The only thing that consoled me a bit was this Rothschild quote:
“I never buy at the bottom and I always sell too soon.” ~ Baron Nathan Rothschild
As for putting the funds in JAG and IMPACT I’ve been doing just that very thing recently. I fortified my Impact position over the last few weeks and added big to JAG this last week on the waterfall decline.
Both of them have great growth potential, but as Matthew mentioned, Impact is probably the better bet for growth, and leverage to a rising Silver price with large exploration upside. I’m very keen to see how they do with their drill program this year.
As for Jaguar, I remember back in 2010 & 2011 when they were so many multiples higher and a prominent Mid-Tier miner in most of the indexes. JAG crash an burned and had to restructure and roll back shares in the heat of the Bear market, but emerged with all their Mines & Mills and Development/Exploration properties. When I saw them emerge from credit protection I started buying small amounts because I wasn’t sure how things would work out. In late 2015 I started adding more, and in early Jan/Feb of 2016 I added the rest. When things surged in 2016 I trimmed a great deal back into a free ride situation, but have always felt eventually they’d get rerated much much higher on par with their peers.
For the last few years they’ve continually reduced their costs, and kept their production fairly solid, and the metals prices have crept up since the 2015 bottoming. I see them set up to not only thrive when Gold prices rise into the $1300s, but to blow it out in the $1400’s (likely in 2018/2019).
The other thing to consider, is that if they brought their other Paciencia mine & mill on care and maintenance back into production they’d likely add another 20K-40K ounce per year back into the equation, and they can do that at higher prices as a kicker.
They also have their development stage Gurupi Project and exploration project Pedra Branca that can be worked on down the road in their development pipeline.
My point is that they are really a majorly distressed Mid-Tier producer that are in the hurt locker (similar to Primero). Most investors today forgot how they used to be valued in the prior cycle, and may be shocked at far this one can run over the next few years when they are running on all cylinders.
Confused – Here is a nice map of the different projects a Jaguar, just to see the scope of the assets under their umbrella:
https://www.jaguarmining.com/operations/overview-of-operations/
To get a Producing Gold miner, doing 100,000 ounces per year, with all those development and exploration assets for $.25-$.50 is ridiculous.
There are dozens of exploration wannabees, with nothing but moose pasture trading at higher valuations and those companies will never get a mine into production, much less 3-4. Just a thought…. 😉
Watch Irving Resources, after Novo’s run a lot of people have been bitten by The Moriarty bug, with his recent track record the herd will be following him and Dr. Q into the next play. DT
DT – I’ve been watching Irving in Japan ever since Bob M brought them to our attention many months back. I’ve been watching Defiance Silver since he mentioned them several years back. If he says to look into something or highlights a company in his research, I always do. Same thing with Castle Silver for their Cobalt exposure.
Lots of great ideas out there but it’s hard to own them all 🙂
EX,
that IS some great info! I am considering weighing my reallocation a bit more towards the Impact side of the ledger as it is a quality silver producer in a bit more stable jurisdiction. Brazil has a lot of Olympic+World Cup hangover as well a currency issues. I’m concerned that these headwinds might make nationalization a bit more politically possible than a North American operation. Maybe I should consider a quality Canadian silver company instead?
Yes, I’m a big fan of Impact for a number of reasons, but it would be the safer bet as far as jurisdictions between Mexico and Brazil. The new laws Brazil is passing regarding mining are a bit of a mixed bag with some helpful changes, and others like rising royalties that are going to eat into the profits of miners. Brazil does have an Olympics hangover for sure, and they are grabbing money wherever they can, but it is a fine line to walk because at one point they’ll kill foreign investment. They are raising the percentage foreign investors can own in businesses, but then hurting the profitability of these companies with the same pen stroke.
Having said that, the fundamental picture for Jaguar is still far more solid than one would grasp by looking at the share price action over the last year, and that was before this waterfall decline.
As for Silver miners in Canada (AXU) Alexco, (BBB) Brixton, and (DV) Dolly Varden are 3 of my favorites and I’m dabbling in (KS) Klondike Silver as a wildcard because they have a fully built mill and are exploring on previous producing mines.
In the US there are the Silver miners (BHS) Bayhorse Silver in development to go into production in Idaho and (AUN) Aurcana Corp in development to go back into production in Texas.
Cheers!
Bayhorse Silver Mine Operations Update.
Posted on Jul 13, 2017
Bayhorse Silver Inc. (BHS), is currently operating at the Bayhorse Silver Mine, east-central Oregon, USA, with two highly experienced mining crews on a seven days per week schedule.”
“In preparation for the delivery of the Steinert “Ore-Sorter” equipment, the Company is in the process of establishing a new 10ft by 8 ft “Production” drive into the historic mineralized zone to enable efficient and effective mining of the mineralized zone. This new drive is approximately 45 feet from completion, and is being driven at a rate of six (6) feet per day….”
http://www.bayhorsesilver.com/bayhorse-silver-mine-operations-update/
AURCANA CORPORATION COMMENCES DRILLING
July 18, 2017 – Aurcana Corporation (AUN) is pleased to provide an update of the exploration drilling programme at Shafter.
“Several targets have been selected for a first-pass test, mostly following-up historic silver-gold and lead-zinc intercepts that are situated in favorable geological settings but are isolated outside the current mineral resource. Structures are present that may be controlling new or different styles of mineralization and it is hoped these will yield new zones of mineralization as well as boost our knowledge of the geology of the Shafter mining camp. The exploration programme in now underway and it is anticipated to last up to six weeks, with at least six core holes planned.”
(BBB) Brixton wholly owns 4 projects in North America:
The Atlin Gold Project in British Columbia is an early stage district scale gold play.
The Thorn Gold-Silver Project in British Columbia is a district scale gold-silver exploration trend with many high grade underground type gold-silver targets and large scale gold targets. The project offers major discovery potential.
The Silver-Cobalt Project in Northeastern Ontario is a brownfield exploration opportunity for very high-grade silver with excellent infrastructure. The past production grade of silver ranged from 25 opt to 123 opt Ag.
The Hog Heaven Project in Montana, USA is a silver-gold epithermal vein-breccia deposit with historical high-grade silver production.
I realized I didn’t include Oregon as Bayhorses main mine, but I was referencing the connection to Idaho due to their Bridging the Gap project that he has discussed with David Morgan several times recently:
Here’s the scoop on the Bridging the Gap Project – Silver Valley, Idaho
Highlights:- Claim groups include 6 past producing mines
– Situated between Bunker Hill and Page Mines in Idaho’s prolific “Silver Valley”
– Bunker Hill and Page mined up to Government Gulch claim boundaries
– Patented (private) ground.
– Free from environmental liabilities from prior production
– Complete package of digitized underground mine plans/workings of all the mines
http://www.bayhorsesilver.com/government-gulch-silver-valley/
Here’s the scoop on Klondike Silver operating in British Columbia:
(KS) Klondike Silver – Corporate Presentation – 2017 A New Beginning
http://www.klondikesilver.com.update.editmec.com/i/pdf/brochure.pdf
Dolly Varden Silver (DV) (DOLLF)
Exploring for Precious Metals in the Golden Triangle Region,
British Columbia, Canada – May 22, 2017 – Corporate Presentation
https://www.dollyvardensilver.com/site/assets/files/1430/2017-05-22-dv-presentation.pdf
DOLLY VARDEN INTERCEPTS 15 METRES GRADING 244 G/T SILVER-EQUIVALENT, INCLUDING 6 METRES GRADING 493 G/T, IN THE TORBRIT DEPOSIT AREA
Jul 26, 2017 – Dolly Varden Silver Corporation (TSX.V: DV | U.S.: DOLLF)
As for (AXU) Alexco – the company will be making the decision later this year on whether to move on putting their Bellekeno mine back into production. What has really been a spring board for the company in the last year or two has been their extraordinary high grade hits at Bermingham and the Flame & Moth deposits which are new and will really help out with the economics in feeding the mill at Keno Hill. They are also still finding some good ore to feed the mill at Lucky Queen, so there are now multiple deposits that are going to be economic and they keep identifying and finding more.
Here is a property map of Alexco’s land holding showing a visual of these deposits.
http://www.alexcoresource.com/s/keno_hill.asp?ReportID=515321
$AXU $AXR Alexco Resource Corp. – #VIDEO #CorporatePresentation
April 5, 2017 – Zurich, Switzerland –
#Silver #Zinc #Lead #Exploration #Development near term #Production
http://www.europeangoldforum.org/egf17/company-webcast/AXU:US/
Alexco Resource: Further Silver Exploration Before Production In 2018 At Keno Hill
ResourceCapitalAG – Apr 25, 2017 (AXU) (AXR)
Interview with President & CEO Clynton Nauman
Alexco Resources: Building a World Class Silver Asset with CFO Mike Clark
Cambridge House – Jun 12, 2017 Video (Corporate Presentation)
Thanks Shad..for all your homework.
I’ve been on vacation and prepping the Toronto home for a sell
Good luk to you !
President Trump’s method of breaking news of his policy as Commander and Chief on transgendered military personnel via 3 cryptic tweets was alarming to me. Suddenly the lives of reportedly 15,000 troops were upended. What was Trump’s change based on, whose opinions did he rely on? Was the decision made on purely anectdotal evidence? Did he do it in this way to distract the public from other issues? Why did he not make this a more formal and deliberate process to determine whether transgender people were an asset to the military? We need to understand at one time that the services were segregated by race for the similar reasoning of “social engineering”. And that women and gays were not given combat and other opportunities in the military for similar reasoning. There are many documented instances of transgender soldiers in the U.S. Civil War and there most likely have been in other wars as well. I am not saying whether transgenders should be in the army, but the way Trump handled it was disrespectful to the transgender community and does damage to the relationship between transgenders and the Republican Party.
Why so much faith in the skills of Anthony Scaramucci? He has no communications or political experience. He probably has no belief in Trumps agenda as he was a Romney guy and then went on to support Jeb Bush and Scott Walker probably because he thought those guys had the best chance. He orginally supported Obama. So although he has lots of money and has had success in financial firms, what does he have that makes him a real political force? He already has made some critical mistakes in his first week in the administration, what makes you think he will not continue with such behavior?
Illegal Mexican immigrant, 31, who was deported TWENTY times ‘rapes woman, 65, at knife-point’ just months after Portland released him from jail under ‘sanctuary’ policy
Sergio Jose Martinez, 31, charged in assault on two women in Portland Monday
Martinez has lengthy history of arrests, illegal entry and deportations to Mexico
Admitted meth and heroin user told jail staff that he drinks up to 10 beers a day
Portland jail officials released him in December in defiance of federal request
State of Oregon has forbidden local law enforcement to cooperate with ICE
Now Martinez is accused in sickening sex assault on a 65-year-old stranger
It seems to me Oregon has opened itself up to liabilities of big bucks by class action lawsuit of victims.
Big Al,
From nearly 50 years ago, Kenneth Clark’s concluding comments to his series “Civilisation”: https://www.youtube.com/watch?v=z4UwvBhXuxE#t=42m18s
“Lord Clark”: https://en.wikipedia.org/wiki/Kenneth_Clark
Gold, on verge of breakout of massive wedge formation
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=10&mn=0&dy=0&id=p98787236153&a=521689418
Gold looks set to start rising relative to the S&P500 again
The gold miners look even more bullish relative to the S&P500
http://stockcharts.com/h-sc/ui?s=%24HUI%3A%24SPX&p=D&yr=2&mn=0&dy=0&id=p02855775691&a=515119398
The small caps are also on the verge of a breakout from a large wedge
http://stockcharts.com/h-sc/ui?s=%24RUT&p=D&yr=5&mn=0&dy=0&id=p68434780125&a=537119536
Transports look very weak on the weekly chart
http://stockcharts.com/h-sc/ui?s=%24TRAN&p=W&yr=10&mn=0&dy=0&id=p99508837281&a=410240404
and on the monthly chart as well.
The S&P500 looks set to resume a long-term decline vs oil as well
Steve Wasserman – Debbie’s Brother – to Oversee Awan Probe, 1726
https://www.youtube.com/watch?v=tV9F4gxOZ4s&feature=em-subs_digest
Now that is a joke….
Sessions needs to move in on this one…,chances are the guy does not make it to court
The agricultural sector should do very well for years
http://stockcharts.com/h-sc/ui?s=%24BCOMAG&p=W&st=1990-01-01&en=today&id=p11813716884&a=495583053
GH – The Agricultural stocks from farmland to potash to soft commodities have been on my mind a great deal lately. Potash was been dead money for the last few years but over the last 7 months of 2017 things have been turning up in a number of names.
People must eat, so longer term there are still some growth stories to be found in this sector.
EX+Matt,
I almost forgot to ask you which prospect generators you think might also be a good bet right now. I really like Millrock Resources Inc on the TSX V….looks like the price has been consolodating for 3-4 years. They have an amazing geo-team, but have also been halved since the mini-Bear-Bull took hold.
Confused – I have a big list of Prospect Generators I follow but some of my favorites are Eurasian Minerals, Maverix Minerals, Solitario Exploration & Royalty co, Millrock, Aurico Metalls, Metalla Royalty, Riverside Resources, Transition Metals, Globex Minerals, Strategic Metals, Midland Exploration, Altius Minerals, Teuton Resources, Mirasol Resources, Miranda Gold, Predictive Discovery, and Eagle Plaines. There are others but that’s a good list to start with.
I also have loved the action in (MLN) (MLNGF) Marlin Gold for the last year or so and the insanely tight float [since Wexford owns 85% of shares]. Marln is a hybrid company with a producing Gold mine, a large development project, a Streaming deal with Golden Reign, and 2 royalties with Endeavor Silver and Kootenay Silver.
EX+Matt
Thanks for the list and globex chart.
Confused – Glad to share ideas. I just realized I left off 2 of my favorite (RZZ) Abitibi Royalties and (GZZ) Golden Valley.
Ever Upward!
Abitibi Royalties Canadian Malartic Mine Royalties & Corporate Update
(Marketwired – July 31, 2017)
“Abitibi Royalties Inc. (RZZ) is pleased to provide an update on the Company’s various net smelter royalties (“NSR”) at the Canadian Malartic Mine, near Val-d’Or, Québec. The Canadian Malartic Mine is jointly operated by (AEM) Agnico Eagle Mines Limited and (AUY) Yamana Gold Inc. through the Canadian Malartic General Partnership.”
“Abitibi Royalties holds a 3% NSR on the various Odyssey Zones (Odyssey North, Odyssey South, Internal Zones), located within the Malartic CHL Property boundary, which is east of the Canadian Malartic open pit.”
My favorite one right now is Globex Minerals. There’s a lot to like about it, including the chart…
http://stockcharts.com/h-sc/ui?s=GMX.TO&p=W&yr=4&mn=8&dy=0&id=p25681196736
Why is it gold bugs….for YEARS have continually come out of the wood work preaching a crash in the market is immanent???! Or a slight correction in the general market is a crash AND when gold stocks crashed 70-90% its a correction. How stupid are they??? Top of the heap stupid. Read McClellan BOB. Ive been here more off and barley on…Ive been 100% right….Gold bugs are idiots period.
PS i just placed a gold trade as the odds are for a rally. Bob go back and read you crap 3 years ago about the Dow crash and the on going bull market. NOT Lol stick to what you know…making a crap load on ads.
Bill :
I am a gold bud and by no means am I an idiot.
You have some nerve.
Many have been wrong on the timing of the oncoming tsunami called the debt bubble.
Instead of criticizing other peoples calls why don’t you give us some specific recommendations on stock picks and what are the time frames. I’ve been around here for many years and haven’t seen you post anything of real value.
Bill, you were 100% wrong about the miners when they presented massive opportunity 18 months ago.
ON a more macro time scale the $BPGDM has changed to a bull alert on7/25 on the point and figure chart. It bears watching.
+1
I’m not good with the point and figure charts, but appreciate the heads up Kingstonbii.
Here is Candle chart (that looks like a line chart due to the nature of the BPGDM):
http://stockcharts.com/h-sc/ui?s=%24BPGDM&p=D&yr=3&mn=0&dy=0&id=p78401200731
meant to say:
“but I appreciate the heads upon the BPGDM chart Kingstonbill”
I need to slow down on my typing and proofread before hitting submit.
Additionally, the $BPTRAN gave a bear market alert on 7/21 on the point and figure charts. It turned out to be a good forecast. This puts the Dow Theory into play. Now the Dow Theory is in a non conformation situation awaiting the direction of the Dow.
Glad to read that Moriarity has not sold any NSRPF. Sure it’s chart looks dangerous, but I think at worst it could fall to $1 and at best it could go to 200 if they find a billion oz of gold. And if gold goes to 5K/oz NSRPF could go to 500. What worries me is that if they do indeed find another Witwatersrand the government of South Africa will demand 30% black ownership.
Are Researchers Underestimating The Cost Of Renewables?
Oilprice.com – July 29, 2017
“How should electricity from wind turbines and solar panels be evaluated? Should it be evaluated as if these devices are stand-alone devices? Or do these devices provide electricity that is of such low quality, because of its intermittency and other factors, that we should recognize the need for supporting services associated with actually putting the electricity on the grid? This question comes up in many types of evaluations, including Levelized Cost of Energy (LCOE), Energy Return on Energy Invested (EROI), Life Cycle Analysis (LCA), and Energy Payback Period (EPP).”
“Wind and solar are not really stand-alone devices when it comes to providing the kind of electricity that is needed by the grid. Grid operators, utilities, and backup electricity providers must provide hidden subsidies to make the system really work.”
“This problem is currently not being recognized by any of the groups evaluating wind and solar, using techniques such as LCOE, EROI, LCA, and EPP. As a result, published results suggest that wind and solar are much more beneficial than they really are. The distortion affects both pricing and the amount of supposed CO2 savings….”
https://finance.yahoo.com/news/researchers-underestimating-cost-renewables-230000122.html
I believe this to be a valid question. What I was told by a Duke Energy supervisor while touring his Raleigh control station in 2006 was “Electricity is sold – and gone – as soon as it is produced.” Intermittent sources such as solar/wind may let the coal/nuclear dynamos spin down a bit for a while, but it’s not going to turn off those sources.
If you want “inside the box” solutions, look at molten-salt thorium nuclear reactors. “Outside the box” has more solutions, but the government will not let us think outside the box…
Great point jhpace1. This is exactly why BackUp Batteries and Energy Storage is such a crucial component of utilizing intermittent Renewable Energy Sources like Solar and Wind. With Energy Storage the peak energy spikes CAN be stored for future use, but you are correct that people that believe energy can be stored in the Electric grid are mistaken. It is used or lost on the grid, so large industrial Batteries are going to be part of the solution.
As you also eluded to, even though there is keen interest in many to hang their hopes on Renewable sources, they are not going to be able to phase out Nuclear or LNG plants, and Thorium reactors may also gain more prominence. Also there are reactors being planned in developing countries that are either huge by historical standards, or the reverse and small fleets of micro nuclear reactors are also being proposed.
For the global energy mix, we need as many inputs as possible to meet the growing demands of humans on spaceship Earth.
The Next Bull Market Move Interview-Justin at the NextBigTrade.com
by @bullmarketmove on July 30, 2017
“This week I caught up with my good friend Justin from the next big trade.com and we talked about Uranium, Gold, Silver, and the biggest lessons he’s learnt from trading and investing. Enjoy!”
Putin expells 755 diplomats ……zh
1200 down to 455….US dips in the pocket
EU…..10 % of European companies unable to pay interest on their loans… zh
See zombie corporations
Government programs, false Promises and outright lies.
The body count goes on.
A whitehouse chef was found dead last week.
On his body was a note saying contact Larry Nichols, if I’m found dead.
I wonder what the chef knew.
Larry Nichols was a researcher into the Clinton Body Count.
85…..to date .Body Count….more to come ….Awan I bet is next
He is way too close to DNC/clinton
The note is a little suspect…
What is the info source?
Ok. I see above
This death may be part of the Bush body count. Thesource I quoted above gives much more information than the original paragraph I read in the Washington Post.
He was a COOK for the Clintons , prepared meals for the Clintons ,most likely knew some or over heard conversations
From what I have heard ,cooks prepare all the meal for the Clintons, because they were afraid of being poisoned
Climate Change and flooding:
https://www.youtube.com/watch?v=9xYEVWU0BZE
(The interesting FACTS are that NASA is quietly reporting that due to decreased sun activity, satellite data shows that sea levels have, in fact, dropped slightly during the last two years.
(The Government projections are still expect a sea level rise, which seems to contradict actual facts. I thought good scientists always looked at their model when its projections failed to meet fact!)
> Carmakers’ electric dreams depend on supplies of rare minerals
Karl West – Saturday 29 July 2017
“With mining of cobalt and other elements politically and ethically charged, the hunt for alternatives is on…”
“This is the mother of supply chain headaches, and one hi-tech car manufacturers and electronics firms could do without. At the heart of the global cobalt trade is Glencore. The metals and mining giant produces almost a third (28,300 tonnes) of the world’s annual supply. As much as 65% of this global supply comes from the Democratic Republic of Congo (DRC), where cobalt production has fallen this year because of the unstable political situation. This sparked a 90% jump in the price of cobalt to a peak of $61,000 a tonne earlier this month.”
“The squeeze on cobalt has sent car giants such as Volkswagen scurrying to lock in supply deals with the likes of Glencore. First Cobalt’s Mell said: “I think there is going to be some jockeying for supply.”
“Demand for other key battery ingredients, such as graphite and lithium carbonate, is also outstripping supply. The current shortage of lithium has seen prices double since 2015. Global lithium demand was 184,000 tonnes in 2015, with battery demand accounting for 40%. Analysts at Deutsche Bank expect demand to increase to 534,000 tonnes by 2025, with battery manufacturers accounting for 70%. Lithium deposits are found mostly in China and Bolivia.”
“Two South Korean battery makers – Samsung SDI and LG Chem – have responded to the crisis by stepping up development of new power packs that use more nickel and less cobalt.”
“Other battery pioneers are trialling alternative materials in an attempt to crack the booming energy storage market…. …… The agreement gives EnZinc exclusive rights to a nickel-zinc battery for use in electric road vehicles, to hybrid cars that use that battery, and microgrids (small localised electric grids that can run independently) of up to 60 megawatts. Burz expects his zinc-based battery technology to be ready for market in about two years, with another year to gear up production.”
“Lithium-ion batteries can include other materials such as magnesium, cadmium, manganese and cobalt oxide. They also use a flammable electrolyte, which makes them more risky than lead-acid batteries. EnZinc’s solution is to incorporate less-volatile metals – zinc and nickel – in a battery with sponge-like silicon electrodes.”
I would more interested in using those rare earth elements to make super-magnets for magnetic motors & energy devices. Using REEs “just” for batteries seems a misapplication of resources.
That’s an interesting thought jhpace1, but honestly if demand in REEs spike there were dozens of deposits identified in the Rare Earth bubble of 2010-2012 that could be brought back into the limelight, so there are likely plenty of reserves to fuel both the Battery and the Super magnet craze. The “heavy” REEs Neodymium and Dysprosium are the main metals used for that and quite a few deposits were targeted before the pricing collapsed. A good demand crunch would help the sector out dramatically and maybe investors would take things a bit more seriously and be less dismissive of their role in modern society.
Cheers!
Thanks as always for the weekend show fella’s,
Appreciate your efforts.
Cheers.
Is this bull market on it’s last legs? If you own a margin account, where do you get your money from. When they want your money they might e-mail you, if they can’t get a cell call. You will know when a panic is really brewing because the banks will want you to borrow more. A sucker is born every minute, W.C. Fields. DT
Silver right back where was a month ago…wishy washy.
McCain Was Leaker of POTUS Calls To World Leaders, 1727
Published on Jul 30, 2017
McCain needs to go…and be held accountable
Gowdy Drops Bomb on Deep State Roaches!
Good about time
@Goldfinger – “Hard to overstate the importance of the $3 level for $copper: ”
Stateside Report Podcast – July 30, 2017
http://www.statesidereport.com
” In this episode of the Stateside Report podcast we highlight the two high grade gold discoveries the sector has been craving. We then jump right into the press releases with comments on Novo Resources $NVO Artemis Resources $ARV.AX GT Gold $GTT Kilo Goldmines $KGL Galway Metals $GWM Mountain Boy Minerals $MTB Medgold Resources $MED Garibaldi Resources $GGI Grande Portage Resources $GPG Sabina Gold & Silver $SBB Camino Minerals $COR Castle Silver Resources $CSR American Creek Resources $AMK Zonte Metals $ZON Hannan Metals $HAN Benton Resources $BEX Kootenay Zinc $ZNK Pinedale Energy $MCF Cordobsa Minerals $CDB Nulegacy Gold $NUG Northern Shield Resources $NRN Bell Copper $BCU Aben Resources $ABN Spearmint Resources $SRJ Shoal Point Energy $SHP Srengeti Resources $SIR Constantine metals $CEM and Anaconda Mining $ANX – We talk gold, silver, copper, lead, zinc, barite and natural gas. A special shout out to CEO.CA for their live coverage of the Sprott Symposium and a special thanks to all podcast listeners – the show reached the 50,000 download mark this week!”
SGTReport on the coming collapse of the Dollar:
What a US Dollar Rebound Means for Gold
JULY 30, 2017 – JORDAN ROY-BYRNE CMT, MFTA
Jordan Roy-Byrne: Gold Just Reached Major Inflection Point – Big Move Coming
By Collin Kettell – July 31, 2017 – Palisade Radio
http://palisaderadio.com/jordan-roy-byrne-gold-just-reached-major-inflection-point-big-move-coming/
Heron Commences Drilling Program at Currawang
July 31, 2017 (GLOBE NEWSWIRE)
“Heron Resources Limited (HRR.AX)(HER) (HRLDF) is pleased to report a drilling program has commenced at its wholly owned Currawang prospect located 10km from the Company’s Woodlawn Zinc-Copper Project in New South Wales, Australia.”
– Diamond drill program commenced at the Currawang Prospect
– 2,150m planned in four holes testing down-plunge and along strike extensions to known mineralization
– Potential for the discovery of a satellite high-grade volcanogenic massive sulphide “VMS” deposit, 10km from the Woodlawn site
– 50% of direct drilling costs funded by the NSW Government’s Cooperative Drilling Program
https://ceo.ca/@nasdaq/heron-commences-drilling-program-at-currawang
Investing in Gold Optionality Plays
Don Durrett – MiningStockEducation.com – July 28, 2017
“Professional mining stock investor Don Durrett of GoldStockData.com returns to the show to discuss investing in gold optionality plays. In the interview Don shares his approach to optionality plays. He discusses several companies that he is currently invested in and shares thoughts regarding companies that are potential optionality plays. Don has been investing in mining stocks since the early 1990’s. He is the author of “How to Invest in Gold and Silver: A Complete Guide with a Focus on Mining Stocks” which conveys Don’s well-thought out and tried approach to mining stock investing.”
Minera Alamos Initiates Fast-Track Development Activities for La Fortuna Gold Project and Expands Management Team
Tuesday July 25, 2017 – Minera Alamos Inc. (MAI)
“The financial support provided by our recently announced strategic alliance with Osisko Gold Royalties and the subsequent private placement allows the Company to fast-track the development cycle for the La Fortuna project” said Darren Koningen, President and CEO of Minera Alamos. “Bringing ECT onboard now allows us to complete this critical stage of design so that development schedules for the project can be compressed once a formal construction decision is made. Our next critical milestone is the submission of the permit application documents for the project in the coming weeks.”
Feeling flush with Novo profits I just threw caution to the winds and bought more KLDX.
Watch it drop below 3.
Thanks for the show.