Defense Metals – Moving through a PEA for the Rare Earth Elements Wicheeda Project in BC
Craig Taylor, CEO of Defense Metals (TSX.V:DEFN – OTCQB:DFMTF) joins us to outline the work plans for Company’s Rare Earth Elements Wicheeda Project, in BC. Already with a resource of 4.89mil tonnes averaging 3.02% LREO (Light Rare Earth Elements) in the indicated category and 12,100,000 tonnes averaging 2.90% LREO in the inferred category the asset is well defined. Now the Company has planned a PEA expected to be released in November followed by a Pre-Feasability study next year.
China may hold the reigns on the supply of rare earths but they need food, The US, Canada, and Australia could form a food pool and deny The Chinese foodstuffs. Two can play that game, and if they wanted they could try to get Brazil and Argentina involved in their food cartel. The Western countries have enough rare earth deposits that they will be able to refine them again, but China can’t produce enough food to feed their own people. Who do you think would win that game? I personally would not want to see that happen as it would lead to war.
more water boarding this morning.
World in absolute crisis, and the thing for financial security since biblical times can’t compete bitcoin. LOL
Exactly
Silver break. Significant if down after the close.
And then there’s silver,getting absolutely hammered on a relative basis yet perpetually touted as the one to outperform gold.
And in september, the seasonally best month for both.
Best to watch the agony rather than second guess the obvious trend.
Silver is outperforming Gold, but just to the downside. Anyone that understands the volatile nature of Silver knows it outperforms in both directions (not just to the upside).
Ditto………
Dont fret so much over silver …. It’s just sleeping. & not like Rip Van Winkle
no fret Irish. Unless you’re in too deep trying to buy your way out while in a freefall.
Irish…… is well healed….. 🙂
I doubt he is concerned with being in over his head… 🙂
“Visitor”, told me to say that…. lol…… 🙂
However, in spite of all the consternation, gold down 9% in past year. Crappy but not a disaster. Producers on the other hand down about 30% looking at gdx or similar index. If those in the know, making the stuff don’t believe in their own product value why should anyone else, except of course the steady parade of promoters, and folks with technical market analysis.
crappy…. was $1048 gold, but, not if, you bought it at $400…
Weak hands are worried, and should be… gold is long term thinking, which most can not think more than 8 min… School children’s attention span is down to 8 sec.,(info from school teachers)…….. 🙂
+8 OOTB. Agreed. Yes, crappy was the major low at $1045.40 in December 2015.
$1700 gold isn’t that crappy, but the reaction in the mining stocks is, and may indicate they are pricing in a fall in Gold below that critical $1673 support from the low this year in March. In the bigger picture anyone that was accumulating gold from $35 to $1700 Gold is still sitting pretty, and the larger bull market will eventually reassert itself once this corrective leg and consolidation has run it’s course.
10 4… good buddy…
The producers obviously do believe in their product, as that is their business, so not really following the logic in that statement. Anyone with a clue as to how the markets work knows the producers don’t set the price of the underlying commodity (gold or silver) nor do they set their shareprice… the market does. It has 0% to do with the producers belief in their product.
Beg to differ Ex.
Gold/silver is a product. The confidence level of that product holding or appreciating is reflected in the price of entity producing it.
I’m not following your logic here jonsyl. You stated:
” If those in the know, making the stuff don’t believe in their own product value why should anyone else.”
The producers don’t set the value of the gold or silver – the market does.
The producers don’t set the value of their share prices either – the market does.
Their belief in their product has nothing to do with either the price of gold or silver or their share price. It is the investment market that sets both prices. (?)
You could make the case that investors don’t believe in the product or their company, but that’s not what you stated.
Ex is right and you have a fundamental misunderstanding of markets if you think the gold miners should hold up nearly as well as gold when both are correcting.
That 9% drop in gold reduced the profitability of all gold miners by much more than 9% which is why the miners should fall more. The miners also rise more when gold goes up for the same reason. In addition to that factor, miners are far riskier than gold in a number of other ways which contribute to both downside and upside leverage to gold’s price moves.
SAND down to 5.70 USD
(I’m still a mental alert of 5.20 to 5.60 low est., as per Mr. Doc.)
Jaguar down below 3.00 US (at the 200 wma)
Not seen any opinions on Jaguar for a long time.
AXU also slammed more, down over 5% to 1.44, USD
I’m considering adding more AXU down here.
Yep. I added more SAND at $5.69 today.
SAND is now down below the lows from earlier this year in March, and it is the most compelling risk/reward set ups in the larger royalty companies.
Checks and Balances……Out the Window…..
https://www.zerohedge.com/political/democrats-suggest-giving-president-treasury-power-raise-debt-limit
Zeroing in — bellwether Wesdome (WDOFF) range acquisition (now 7.90):
https://saturationtiming.blogspot.com/2021/08/wdoff-wesdome-gold-mines-bellwether.html
Patience.
Yes, I’ve been watching Wesdome with great interest the last 2 weeks, and was hovering over the buy button today, but decided to wait to see if it may get back down to or below where I had picked some up this March during that dip. It’s finally started buckling under the downward pressure in the sector, after having bucked the trend pretty well over the last year. Patience indeed, watching, waiting for a bottom fish opportunity in one of the best.
Dollar nears resistance: https://saturationtiming.blogspot.com/2021/09/dollar-break-imminent-which-way.html
I bought SILJ at 11.48 this morning based on the Demark Pivot and some intraday charts action…
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=0&mn=7&dy=7&id=p36842352053
Jeff Hull – China Could Hold The World’s Rare Commodities Hostage
“Jeff Hull, senior financial advisor, Manulife Securities, joins BNN Bloomberg to discuss the lessons Canada has learned after the fallout with the two Michaels. He speaks about how China holds the reigns on rare earth production and says, “For national security purposes, there are lots we have to onshore here in Canada and the U.S. to be more fortified in case of a disruption or a major dispute.”
https://www.bnnbloomberg.ca/video/like-the-two-michaels-china-could-hold-the-world-s-rare-commodities-hostage-jeff-hull~2289312