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@90bigpicture really shouldn't have to be me pointing these things out
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from ~mining syndicate,
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@CriticalInvestor @90bigpicture Was this about that coal thing you brought up? Excellent timing
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from ~mining syndicate,
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@MiningBookGuy impeccable timing to speak out against KAT last night @90bigpicture, nicely done
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from ~mining syndicate,
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@90bigpicture @MiningBookGuy I would rather be called a fool than have pointed out something so blatant to anyone with the skill/capability/effort to do 15 minutes of cursory work & be praised. But considering your compliment comes from the right place, thank you
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from ~mining syndicate,
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@90bigpicture and Allan...Mark is his name...in case you are not aware
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from #index,
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@90bigpicture check Mark's blog tonight Allan
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from #index,
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@90bigpicture anyways, let's go. I've had enough. Yes, going to Mexico is a paid vacation. Allan is not a lithium brine geology or engineer expert...so he has no need to be down there. But hey...he has C$500k in the till, if he pulls a rabbit out of the hat and generates a new triangle, god bless I'll be buying the stock. And Allan, Mark is insinuating that you are drunk and posting...that he, a relatively stable individual who just doesn't give a f--- about jr mining industry politics bothered to go personal tonight should tell you how much you have infuraiated people.
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from #index,
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@90bigpicture And yes, I pushed for house rules...and if I had my way I would have banned you by now, lucky for you I'm not Tommy
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from #index,
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@DullesB @90bigpicture who made you the spokesman. I'm on my own "side" and want $$$
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from #index,
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@90bigpicture and seriously...as CEO what do you do all day? Your not a geo, your not an engineer, so seriously, what do you do down there?
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from #index,
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anonymous @90bigpicture, he kinda understands geology but has no idea on how to run a pubco
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from #index,
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@90bigpicture ok...I'll keep this simple. Deliver a world class lithium play that parallels the world class triangle, I will happily bid your stock up 100% myself...I have no professional gripes. But it takes a lot to get under my skin personally without having ever met me
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from #index,
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@RocketRed @90bigpicture why you posting to yourself blue is blue
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from #index,
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@90bigpicture I've been asked to be diplomatic but I will not be when it comes to valuation. I don't care how long you've been in the job, if it's a zero it is a zero until evidence proves otherwise.
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from #index,
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@redlakecapital @90bigpicture do you actually hold any $ion shares?
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from #index,
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anonymous $ion - I think @allan moved to Mexico because he realized he had no idea what to do in Vancouver for the company. I think his initial intentions for moving was more out of a place of helplessness than wanting a vacation. But as @90bigpicture poined out I think the reality is there's not much for him to do down there either, which makes it a paid vacation. Like ok we're waiting for lab results and permits so really wtf is there to do? Whether the company ends up having something is neither here nor there. His conduct online and likely in sitting in mexico not doing anything while claiming to do so clearly rubs people the wrong way.
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from #index,
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@Stealinator @90bigpicture ie (.as CEO what do you do all day? Your not a geo, your not an engineer, so seriously, what do you do down there?). . . Is a problem many ceo's have. Not just mining, can be any type business. I fight it often myself with my small company and its 7 employees. Called Micromanaging . You are correct, most ceo's in mining space should be up in the 'hub' talking shop with other like ceo's ,making deals and setting ground work for future deals. Takes awhile to put the right people and structure in place to achieve this. Takes a leap of faith in your employees to do what they are suppose to do. A ceo can get in the way of progress actually by micromanaging and really screw things up. Micromanaging and hubris are a set up for disaster. Not pointing fingers...just my personal experience.
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from #index,
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@90bigpicture Why not make syndicate the front page, and moderators can loop in interesting commentary from index to the syndicate and users can be invited in to have posting abilities as they build a track record. I may be anonymous but I run a tight ship here
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from ~mining syndicate,
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@CriticalInvestor @90bigpicture Syndicate has not enough traffic and users
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from ~mining syndicate,
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@90bigpicture I wouldn't make syndicate the page but using it as an example.
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from ~mining syndicate,
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@MiningBookGuy @tommy - on that point-- I started posting because of @Allan @BenjaminCox @90BigPicture. @Allan - i liked you better back then. just being honest -- you said you don't want "positive happy stuff" all the time, it's the truth. you were a 'better chat person' back then, i'm serious. @TheGalvanizer - just saw your post. NO, to me it's a combo of stockhouse-y nonsense AND stuff that tends to revolve around @allan. I am calling it out. there are a few people here to hijack conversation. I don't like that. I will absolutely live with it if no changes are made. I'm on a high-horse right now and the topic keeps coming up, so I'm letting it out.
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@bslusarchuk @benjaminCox its good to hear that you will be providing some content here for discussion. I've found some of the most interesting (and thought provoking) discussions on ceo.ca have come via initial comments that you make. It would also be good to have @90bigpicture posting here more often for the same reason.
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from #index,
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@90bigpicture a thought exercise: there are plenty of 0.3-0.4% Cu porphyry deposits out there, so what is the #copper price (assuming no price inflation on cost inputs) that will make all those come into the money at say a 20% after-tax IRR? That is the theoretical cap on the real copper price long term. If anyone wants to take this on as an intellectual exercise, let's assume a typical Andean setting for capex assumptions on the front end
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from ~mining syndicate,
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@90bigpicture separately, having done my obligatory cursory review of "take a look at this interesting project 90bp" inbounds that always happen first two months of the year...the use of equivalence grades (CuEq) on presentation slides is deeply misleading to uneducated retail/"home-gamers" who don't understand that 0.5% CuEq is not the same as a 0.5% Cu grade if the rest of the equivalence is marginal moly or gold
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from ~mining syndicate,
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@90bigpicture one final thought from me today: Katanga, Northern Dynasty, what's the next story in this bull market that uneducated retail/generalist/new money is going to get sucked into that will end up burning what should be a new crop of investors (because no one will honestly point out the key flaws along with the good parts)? The near sightedness of the junior mining sector never ceases to amaze me $NDM $NAK $KAT
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from ~mining syndicate,
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@Brendan @90bigpicture I couldn't come up with two projects with less in common than $ndm and $kat if I tried really hard. one low grade one the highest grade known... one abandoned by all majors, one backed by glencore. Not sure what you're getting at...
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from #index,
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@90bigpicture Thank you @brendan for proving my point unintentionally...go read the Katanga financials (or my rant from February in the mining syndicate panel).
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from #index,
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@Brendan yw @90bigpicture but not sure what the sense of having a point in a chat forum is if nobody knows what you're talking about
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from #index,
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@Vaughan @backstroke_, i shouldnt have said anything as i hadnt drank my first coffee (and it was 5am). but what i meant to say is that as a longer term investment, many people point to the loan that comes with 10% interest and the high metal prepayments due as reason for it not working as hoped considering the grades involved. See @ocotilloredux comments here https://ceo.ca/kat?48758e6dfc49 and @90bigpicture comments here https://ceo.ca/~mining syndicate?214b01165384 , and here https://ceo.ca/~mining syndicate?39cc93ccf226
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from #kat,
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@BenjaminCox @90bigpicture that was a flippant response to a very valid question. Clearly I can do better, and I might do better.
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from ~mining syndicate,
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@90bigpicture Plenty of information available in the press release to do a rough valuation analysis of this zinc transaction, people just need to read it carefully
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from ~mining syndicate,
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@90bigpicture perfect time to strike. No successor named yet. Game on, but kind of obvious who the eventual buyer is unless another bidder has an extremely bullish view of rough diamond prices
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from #index,
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@90bigpicture @ekim so close...it's not the exploreCo that is interesting, but what if I told you there was another Canadian diamond company with a major minority stake in an operating diamond mine which could generate cash flows to fund Ekati LOM expansion via Jay. And what if I told you that company was also headquartered in Toronto...with a ready and willing CEO who probably could plug and play. And that a merger would be effectively a 50/50 pro forma on an 100% equity basis...and create a pure play multi-billion Canadian diamond equity
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from #index,
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@90bigpicture if they want to go with the merger route instead of auction...that deal is so obvious I don't mind openly suggesting it here
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from #index,
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@90bigpicture that's my thought for the month, back into the cave of solitude I go
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@JamesKwantes @90bigpicture is speaking of Mountain Province Diamonds $MPV which has a JV with De Beers, the operator, on Gahcho Kue in the NWT. It's the world's largest new diamond mine
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from #index,
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@ekim @90bigpicture you talking about $MPVD ?? Patrick Evans sure is a confusing fella. One moment he says that MPV is interested in M&A...but specifically states not necessarily diamonds. The next he part of a shareholder revolt group for $DDC demanding changes...the next he is having an interview with BNN telling the world that Ekati and Diavik are in their sunset years, and approaching the end of their mine lives. Is he somehow involved in this deal now?
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from #index,
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@tommy I had a modest idea over coffee this morning. No expectations, no disappointments. Thanks for considering! CEO.CA is growing our web dev team and adding new data services to the site. To pay for it I am working to generate some new revenue. We're getting closer with a few potential sponsors. I found an unconventional story with a very successful backer and a historic zinc lead project, with a lot more to it. I was wondering if I could ask you guys for feedback on it? Non sugarcoated. A quick 15-20 min desktop review by the likes of @ocotilloredux @drilltracker @hra-coffin @robmcleod @pamplonatrader @benjamincox @Brandon @90bigpicture @tim_oliver @criticalinvestor @thegalvanizer etc would be super valuable for our readers, and me, to understand concerns and better gauge the potential. I would write a brief with links to presentations reports etc for you to scan. I'd also commit to donating $1000 in the ~zinc panel's name to a Canadian kids charity of your choice (thinking Boys and Girls Clubs or Breakfast Club of Canada) if a few of you (the more the better) share a few comments or concerns. Just your initial take. I don't mean to presume your opinions are worth $1000 combined. That's obviously too low. But maybe it could be the start of something valuable? No pressure at all. Please let me know your thoughts. Have a great weekend!
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from ~zinc,
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@90bigpicture glad to see this forum has become a place for next level topics and discussion
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from ~mining syndicate,
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@90bigpicture far more observatory than participatory these days (and that will continue), but I think what a lot of the conflict here comes down to is the different levels of seriousness/intensity/rigor (and self-awareness around these points) people apply here
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from ~mining syndicate,
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@90bigpicture will that variance change? no, it will not. But it would not be too much to ask that individuals be self-aware of where they stand on those metrics. And understand when professionals don't have patience for potemkin logic because this is not a forum for entertainment purposes
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from ~mining syndicate,
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@90bigpicture what @MiningBookGuy said on the index today about new individuals coming to the forum and not understanding differing levels of credibility is what inspired this thought
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from ~mining syndicate,
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@tommy Good evening, Here are my notes on the zinc story I mentioned last Saturday… It’s also a gold, tungsten, Tyler Rice and Steve Letwin story. Not to mention CEO.CA’s first sponsor of 2017! I’ve done what I can on the due diligence (vetted that the people are serious). I would love some financial or technical tire-kicking from this esteemed panel. I haven’t forgotten about my promise to make a donation in the ~zinc panel’s name. $1000 will go to the registered charity of your choosing in recognition for your quick comments on this story. I want to hear from @ocotilloredux @drilltracker @hra-coffin @robmcleod @pamplonatrader @benjamincox @Brandon @90bigpicture @tim_oliver @criticalinvestor @thegalvanizer but I’ll take what I can get. Thank you guys… #index
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from ~zinc,
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@90bigpicture Has there even been an auto company that produced 500k+ vehicles per year, and had a consistent double digit EBIT margin? Has there ever been a car that sold over 500,000 units per year with an ASP of $60k?
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@90bigpicture I don't know the answer for sure (but I feel confident my expected answer is right)
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@Brandon @90bigpicture: what are you discussing?
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from ~mining syndicate,