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@0Kib Map showing $NZC #Kalongwe relative to $IVN #Kukula and #Kamoa #cobalt #copper #drc http://cdn.ceo.ca/1ccmm6p-Screen%20Shot%202017-03-03%20at%2012.02.12%20PM.png+ $IVN building significant infrastrucure there to support their mines, some of which (road, power etc) may well be shared with $NZC given friendly relations (a 2015 transaction), and thus materially lower Capex for $NZC
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from #nzc.ax,
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@0Kib @murat #Feedback 1) Watchlist is at present uncategorized. It would be useful if the list gets auto slotted into groups - posters, companies, keywords etc rather than a random unordered mix (less of an issue when list is small) 2) At the top of the home page there should be links to - Active, Most watched, Top Movers, Users etc so that if one wants to jump directly to those categories they can ... instead of a long scroll. Thank you
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@0Kib @murat #Feedback 1) Watchlist is at present uncategorized. It would be useful if the list gets auto slotted into groups - posters, companies, keywords etc rather than a random unordered mix (less of an issue when list is small) 2) At the top of the home page there should be links to - Active, Most watched, Top Movers, Users etc so that if one wants to jump directly to those categories they can ... instead of a long scroll. Thank you
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from @0kib,
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@backstroke_ @0Kib @murat agree on the personal​ channel list getting long maybe collapsing certain areas of list as suggested by others, or way to remove from 'featured' etc items you don't use. Maybe remove Home from the list as CEO.CA at top does same thing, put icon next to help identify, or even stack some items in featured list side by side though space might be an issue as guess most use that empty space to right to scroll the list. Lots of free space in top bar maybe other featured items could move there. Not easy balancing long list and clean interface.
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from #feedback,
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@0Kib #feedback @backstroke_ @murat another solution to the long watchlist scroll issue would be to only show top 10 or 20 most active items there (say from the last 2 or 7 days for ex) and collapse the rest into a group "others"
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@0Kib 1mn acres is a large land holding in a highly prospective area where many O&G majors are operating.That Argentina oil prices are well above global spot (they are regulated) is a bonus. $MVN
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from #mvn,
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@0Kib Don't forget #Kipushi...10.2mt M/I at 34.9% Zinc $IVN ..No deposit comes even 10 hair breadths of that
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from #tk,
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@0Kib Hearing that 9 Chinese smelters will launch maintenance in Mar/Apr (impacted capacity 700ktpa) so refined #zinc supply to be tighter in April
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from #zinc,
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@Nick @MiningBookGuy Fully agree with all your points regarding the banter you've had with @0Kib on $MSR.AX - Anyone looking at $HRC would be mad not to take a good hard look at $MSR.AX... Having done my own research this weekend I would easily favour $MSR.AX as they are fully cash-backed (~13m mcap with ~13m in the bank) and are set to obtain a project that has to be worth multiples of what $HRC has - Yet respective market caps are similar. Not #silly at all to compare these two plays considering they're also both in Tanzania as stated already by @MiningBookGuy. I would easily argue the Victoria Gold Project that $MSR.AX is looking to acquire is light years ahead when it comes to development, size and quality - over 30m+ USD has been spent across the project. @0Kib If you read into $MSR.AX news releases you'll see they're going to be releasing more due diligence on the VGP in the coming weeks/months. There's also plenty of information on HotCopper and Resolute's $RSG.AX annual reports from prior years about Nyakafuru and the VGP. This link is their latest presentation - The quality of this package of deposits and exploration prospects is undeniable: https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC4we%2ByhiZreRrke92GA%3D%3D I will be watching $HRC going forward and do hope both of these Tanzanian plays are successful! It's good for the jurisdiction and peers. #Tanzania #mbgtrends
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from #index,
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@0Kib $ARL.AX It's a documented stat that spinoffs outperform. So $ARL.AX doing so after being spun off from $HRR.AX should not be a surprise. Spinoff index has outperformed S&P500 by a wide margin in the US over 5,7,10 years. Lehman brothers was a tiny spinoff from American express, Moody's was a small spinoff from Dun & Bradstreet, Cognizant was a small spinoff from Moody's, Paypal is a spinoff from eBay and so on. Very specific reasons why this success pattern repeats. All of these spinoffs did very well. @Excelsior
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from #arl.ax,
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@Excelsior @0Kib - Thanks for that information, as I wasn't aware the spinoffs were such outperformers as a general rule. Now that you mention it GoviEx has done well once Denison spun out those assets, and Silvercrest did well when it spun out those assets prior to their merger with First Majestic. Very interesting that there is a Spinoff index. Man where have I been....living in a cave? I'm going to start following spinoff's more closely moving forward. Much appreciated!
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from #arl.ax,
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@0Kib @Excelsior Don Durrett's take on #Silver in his book is one of the best I've read. He reckons it goes past $100 and perhaps even $150.
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from #mbgtrends,
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@0Kib #Zinc $IVN #RobertFriedland “If we look at the world’s biggest zinc mines … #Kipushi has no rival in terms of grade and will rapidly be one of the largest zinc mines in the world. Its production costs are near the bottom of the world cost curve, the lowest capital intensity due to the exceptionally high grades.” Robert Friedland quoted in The Globe and Mail http://www.theglobeandmail.com/report-on-business/international-business/canadian-mining-companies-lured-by-congos-mineral-wealth/article34344168/
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from #arl.ax,
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@0Kib #Diamonds are one of the biggest scams in the history of mining. There's too much diamond in the world. All the scarcity and perceived value is the making of an astute DeBeers founding family who spent $100m+ on advertising the rock as the symbol of love every year for decades while hoarding diamonds away. The opacity in diamond pricing will sooner or later go away with technology. Diamond can be a trade not an investment.
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from @jameskwantes,
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@MiningBookGuy @Excelsior - thanks for sharing the Don Durrett video! I haven't seen this one yet, will try to take a look soon. @0Kib - any other quick comments on Don Durrett's take on #silver from his book? a lot of people expect silver to blast through $100-$150 (and have been expecting it for a while). Maybe some unique points from him? I should probably read it, but got a big book list...going to head out and read some other stuff right now! #mbgtrends
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from #mbgtrends,
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@ekim @0Kib I would not underestimate the power of the human brain. we have barely tapped into it and our understanding of it is feeble at best.
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@0Kib @ekim
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@0Kib @ekim true that. It's a powerful tool. But like a knife can be useful or can be dangerous
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@0Kib https://assets.kpmg.com/content/dam/kpmg/ca/pdf/2017/02/insights-into-mining-issue-11.pdf What's the top risk on the minds of mining executives? (KPMG survey) "Ability to access and replace reserves,including access to new project". http://cdn.ceo.ca/1cd14t9-KPMG.jpg+
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from #index,
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@0Kib #RobertFriedland has reduced tail risk for $IVN substantially by letting Chinese take a 40% stake in #Kamoa #Kukula, letting government stake go up by 15% at no extra cost. China is the biggest investor in #DRC and doesn't like to be pushed around. New ruler is very unlikely to play hard ball with this relationship. $CLQ.AX, another RF company, also recently had 20% Chinese investment which further strengthens the bond.He's ceded these project level stakes to ensure longevity. #astute #copper #zinc
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from #ivn,
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@0Kib Kakula heading to be 2-3x larger than last resource estimate #wow $IVN
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from #ivn,
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@0Kib Bernstein had a target of $10 on $IVN before this resource upgrade. I guess it needs a little more elevation $IVN #BigElephant
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@0Kib Most of these targets tend to be discounted cash flow based price targets going 10-20 years into the future depending on LOM so they obviously assume production
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from #ivn,
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@FundamentalAnalysis @tumbleweed agree with @0Kib but apart from NPV analysis, I just use $TRQ as a very general guideline. That company has only one very large project and currently generating no revenue, as its into the next phase of developement and yet still has a far higher market cap. Grades are lower and economics arguably inferior, similar ownership of project etc....... won't delve into all detail but just using that as a guideline on how world class projects are valued, its not unreasoable to think this company can go a lot higher. Rick rule talked about $20, which in a better commodity environment and three projects not just one....doesn't seem outrageous....but that's very long term potential.
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from #ivn,
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@tumbleweed thank you @0Kib. @fundamentalAnalysis appreciate the insight. when you suggest "long term potential" are you saying 5 years, 10, 20?
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from #ivn,
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@0Kib Kalpini .."As with all cobalt-nickel mineralisation throughout the KNP Cobalt Zone, mineralisation at Kalpini occurs in subhorizontal bodies usually within 20-40 m of surface. The mineralisation has developed near to surface as particular ultramafic rocks have weathered and broken down over the ages. This style of mineralisation is therefore very soft and, given its geometry, is very easy to mine." $ARL.AX #Cobalt #Nickel
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from #arl.ax,
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@0Kib So close to the surface,...soft and easy to mine....$ARL.AX
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from #arl.ax,
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@0Kib Got some 0.51-0.53 fills as I had GTCs on
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from #tk,
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@0Kib $IVN added some more today. Prior to yesterday I had read Kamoa/Kakula as being worth $10 Bn+ of which Kakula was the larger part. With Kakula reserves rising by 2-3x potentially, $IVN 40% share goes up by a few billions not the $150m increase in market cap seen so far. I don't think most of it was priced in prior to yesterday so most of the repricing still lies ahead #copper #zinc
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from #ivn,
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@0Kib Isolated projects of $ARL.AX (yerilla for example) have NPV of US$200m+ while the flagship KNP had NPV upwards of US$1 billion the last time 95000m drilling was done. Yet market cap is but US$35m #Nickel #Cobalt #Zinc #Gold
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from #arl.ax,
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@0Kib Nice bounce off intraday lows of 4.48 to 4.64 now $IVN
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from #ivn,
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@0Kib $IVN As I read recently most large miners are essentially a play on commodity price. Volume growth is limited. $IVN WILL be a rare large cap producer that provides strong volume growth as well as price upside potential with lowest quartile costs, lowest quartile capital intensity, highest quartile profits and highest quartile growth. The #GoTo stock of the new commodity bull market.
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from #ivn,
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@0Kib like his elder almost namesake sibling $IVN will either be bought out at a substantial premium, or will become a producer valued substantially higher. One of the two "lesser" projects - Kipushi or Platreef could easily be sold to help fund the Capex for the rest. It's effectively now on auto pilot. #GoTo stock #copper #zinc
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from #ivn,
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@0Kib Each of #Kipushi #Platreef #Kakula are the highest grade tier 1 assets in their respective category, with grades a multiple of industry average and comfortably higher than the nearest tier 1 follower. Such a combination has rarely been assembled together and available for so cheap. $IVN
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@0Kib $TK and $CDB have almost similar FD market caps but one owns 100% of a potential large asset, the other owns 35%. Inferred+potential resource insitu value not too dissimilar (~$5-7Bn). $TK clearly cheaper here though I like both.
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from #tk,
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@0Kib $HRR.AX has 10m options of $ARL.AX exercisable at $0.25 that have a 3 year expiry; ...so in the money right now. @wolff
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from @wolff,
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@0Kib I got hit at 0.50 at open today. GTCs work better than just waiting on bid/ask
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from #tk,
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@0Kib $IVN on rock and roll
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from #ivn,
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@0Kib Very well said @Goldfinger
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from @goldfinger,
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@0Kib Kamoa-Kakula: The World's Biggest Copper Mine? $IVPAF http://www.seekingalpha.com/article/4057743 $IVN
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from #ivn,
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@0Kib $IVN could well have 100bn+ lbs of copper across #Kamoa #Kakula (previous resource estimate across the two was 59bn lbs which is surely set to go substantially higher after recent step out drilling news). That could well justify a 40+ year LOM with 0.72 Bn lbs annual production (or 2% of global production). Say US$2-3/lb CF at mid/peak cycle (given this lowest quartile cost/capex op) and you get $1.5-2 Bn in CF, or US$600m to US$800m for $IVN's 40% stake. A 10 multiple on that gives you US$6 Bn to US$8 Bn in value just from this asset. That's C$8-11Bn or 3x from the current valuation without counting anything from Kipushi or Platreef or other optionalities. 5x on $IVN is a reasonable not even a stretch target at all. #GoTo stock #copper #zinc
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from #ivn,
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@0Kib $ARL.AX also has significant (1m Km sq+) gold tenements, many of which are <50Kms from many multi million oz gold properties
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from #arl.ax,
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@0Kib *acres
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from #arl.ax,
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@0Kib Zijin Mining is talking 216Ktpa of Cu metal output from #Kakula at cash cost of US$0.37/lb.That's 475m lbs of copper generating nearly $1.07 Bn of profit (80%+ margin) or US$400m $IVN share. Put a reasonable multiple on that profit and that one project alone...in just its initial phase...easily justifying the current $IVN market cap. LT Zijin is exploring double the above design capacity.
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from #ivn,
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@0Kib Mining strikes have taken more #copper supply out YTD 2017 than the last five years' strikes put together (and counted twice over). #Escondida saying it will take 6-8 months to return to full production, #CerroVerde strike continues and #Grasberg is only operating at 40%. Bullish #copper $CDB $IVN $NZC
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@0Kib "Nickel laterite" and "1/10th of where they were trading during the last Nickel boom" and "1/3rd of ore value coming from cobalt" - all clues from Sam Broom point to $ARL.AX #cobalt #nickel
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from #arl.ax,
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@0Kib Interesting read. Last PEA of Kamoa-Kakula estimated an NPV of $4.7 Bn at a capital cost of $1 bn. That's a NPV/Capex ratio of 4.7x. Not many projects around anywhere ...with that kinda skew!!!! And that doesn't even include the recent Kakula west discovery or the potential from the 200 sq Km of unexplored Kakula (half the property!) Eventual numbers could be #insane $IVN #copper
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from #ivn,
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@0Kib $IVN got fills at 4.50
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@0Kib &...more fill at 4.40..Happy to own a lot more at these levels $IVN
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