The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@Brent_CookRegards MARL, not a top pick but certainly an amazing deposit that will get better. It has the disadvantage of being in Turkey which is a perception problem, and 30% of deposit with a good partner. But we don't expect to get full value, half will do.
@Brent_CookThe new gold quest hole is interesting. right now hard to put any size to it and my recollection of the core I saw suggested it may be sheared so if a VMS, could be moved or dismembered. But certainly worth follow up on.
@Brent_Cook@newton Good question on missing stories and would be interested in rest of panel response too. I am OK missing, hate to do it, but in this game rule #1 is don't lose money. If I want see what I need to see in the data, I will pass. Others?
@Brent_CookTwo financings that were considerably upsized and could have got more are $AU and $NHK. It was big funds and the likes of Beaty and others that pushed to get in. That is positive as I think the reality of the dearth of new discoveries and ore is taking hold.
@Brent_CookWe will know the man is running up the bell tower to ring the bell when the likes of the deposits that First Mining Finance $FF and Goldmining $GOLD get financed to build, or those deposits bought by majors. The rising starts shortly thereafter.
@nobshere@Brent_Cook In gold, we currently have 4 false breakouts to date so we are getting close to the turn. That Downtrend Line stands at the 1312 area now on the weekly chart. Perhaps this will be the fifth false move if we get through that monthly number we provided. We would need to get above the Downtrend line and still close above 1362 on a weekly and monthly basis to say OK – a real rally is underway.Armstrong
@Brent_Cook$AU, yes i suspect so. As I have said before. IMO the real advantage of the JV model is it allows good explorationists the time to actually find something w/ou the dilution. This looks like something.
@Brent_Cook$GTT has some very interesting soil anomalies but I don't have the context yet. Recall CXO has kilometer sized soil anomalies that haven't worked so well yet. One has to understand where the soils were taken and where they came from, Down slope or what?
@Brent_CookJoe makes a good point. Many juniors will point to some low grade mine in production as reason to promote their low grade marginal deposit. But you have to realize--those are built, capital sunk. I think that when the majors are now considering an acquisition they consider the capex. No one needs another Rainy River or Cote Lake.
@Brent_CookOK, Moneta is a poor deposit with grade smeared across cry low grade rock. Very high internal strip IMO. UNigold has small oxide but the sulfide is not best grade and again strip in high capex area. Close but no cigar. New gold straddled w/ Rainy River.
@Brent_CookMy brother knows a guy whose sister is married to the minister. I can get you in for a small fee and I have this incredible gold deposit the Incas found when they were Mormons. real good stuff Bro
@MiningBookGuy@Brent_Cook - thanks. one follow-up $ORG comment from me that doesn't need to be answered (more for the viewers):
I think $MARL and $ORG make an interesting comparison. I am more positive on #Sudan and more negative on #Turkey than you are. I think the #geopolitics here is very tricky, and no one really knows what will happen.
But one thing for sure: both $MARL and $ORG are going into #IvoryCoast with early stage exploration. This is hugely prospective and a 'less risky' jurisdiction (though no cake walk either). I don't think the market has caught on with this for $ORG yet. Maybe this won't change anyone's mind, but it's definitely worth noting. These companies will be interesting to follow in tandem.
@bmonaghan@Brent_Cook Hi Brent, Blaine Monaghan here. Haven't given you the $aan pitch yet. Presently in Cape Town, Indaba, will give you a shout when I get back. Agree with you regarding Egypt, great geological potential, pity about the mining law. However, we have high hopes that they will come round.