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@DanO I hope that everything goes well for $ami EIA i.e. Kemess underground https://goo.gl/209zcJ
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from ~roughingit,
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@DanO See the bubble forming in #zinc. Everyone and their mamma set up new zinc companies. There are a few legitimate explorers developers out there but for the rest I would not touch them with a stick. Still if pumped good (plus 'experienced management' that knows how to play it; news, trade shows, etc) could go up for at least 6 months or so.
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@DanO Y'all like Newfoundland now? #gold
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@Vaughan Whats your take n the whole claim staking rush in central nl @danO?
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@DanO Later @Vaughan.
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@DanO Btw I don't think that #uranium rush has legs
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@DanO During the last two years the prospects of an important (new) mineral discovery in the fabled Yukon faded away so we had quite a few stories advertised as having the potential to be big discoveries. All located in Labrador, the Labrador Trough of Quebec and nowadays Newfoundland. $eqt with their VB2 at the end of 2015. $nrn in 2016 ('potential to be a giant ore deposit' - capitals, bold & underlined). Now we have the staking rush of NFL. Even Shawn Ryan staked NFL. Again we see companies publishing press releases where they say that they have staked close to Mr. Ryan :) Go east young man! Or at least deploy your capital in companies involved in this staking rush (they say). Or maybe you should be a little bit selective (or a trigger happy trader) as you know how these staking rushes end (I say).
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from ~roughingit,
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@DanO $LMC-H I had a quick look at the website. "During 2015, Los Filos commenced a study to perform a detailed assessment of its operating options, including the update of the block model with additional drill data. The study was completed in the fourth quarter of 2015 and the findings were incorporated into an updated Los Filos life of mine plan. As a result of these findings and the change in long-term metal price assumptions, recoverable ounces and the associated future after-tax cash flows decreased which resulted in a reduction of the estimated recoverable value of Los Filos and a shortened mine life." The Los Filos mine is to be acquired for $350M or about 300,000 oz gold. That represents a one year production for the mine (o/p & u/g). Their reserves are 1.43 Moz gold i.e. a 4.5 years mine life. But they still have M+I 10.4 Moz and another 4.35 Moz in Inferred. The buyer would still have to deal with angry ejidos, gangsters, and would assume the costs associated with mine closure (how much? it could be an important amount). I did not have a close look at the Los Filos from a technical point of view yet.
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@DanO Quick note. I did my dd (as you know) and as a result I have acquired some $vtt. #zinc
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@DanO $ion I am pretty sure that @Allan would bring back some pictures of the salars and historic works (salinas). We would love to see those. Also maybe he would fill some bottles with brine for testing. Gotta empty them of wine first and rinse them good though :)
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@CriticalInvestor @DanO better leave that to the geos;)
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@DanO What the drinking or the sampling?
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@DanO @RocketRed It is a trilobite. @Galvan I liked paleontology :)
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from #index,
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@RocketRed lol @DanO no idea what the fossil is that is only a piece of it
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@DanO @RocketRed At least it looks like one as this is only part of it and I did not check the map to see the age of sedimentary rocks.
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@DanO @RocketRed You can do better than that. Blurred pics :) Looks like one that had been decapitated. https://en.wikipedia.org/wiki/Trilobite
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@DanO Back in Europe we could get some fine & cheap trilobites from Morocco.
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@DanO Yeah I checked and there are trilobites in Ordovician rocks of southern Baffin Island. So I was right.
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@EvenPrime Quick note. I listened to @DanO and did my DD and as a result I too, have acquired some $Vtt.v 😊
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@DanO Haha. Geos have a bad name huh? :)
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@DanO OK. Weekend reading. Sophisticated Defense System Discovered at King Solomon-Era Mining Camp http://www.livescience.com/57494-fortification-found-israel-mining-camp.html #copper
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from ~roughingit,
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@DanO And here's another one. Before the advent of ball mills the crushing and grinding was done this way. It is thousands years old method. Spanish brought it here in North America and was extensively used in their colonies (from Southern US to Peru and Chile). They called it arrastra https://en.wikipedia.org/wiki/Arrastra. But ancient Egyptians used it as well so check out this short paper (because you have an interest in exploration in Egypt) http://www.miningandmoney.com/single-post/2017/01/14/Ore-Processing-Ancient-Arrastra-in-Egypt #gold #silver
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@EvenPrime @DanO In your article on Vendetta you wrote, "Previous owners drilled the Pegmont and even involved BHP to have a good look at it by drilling some of the prospective areas. BHP wasn't able to find multiple/stacked mineralized horizons/lenses Cannington-style and dropped the option." - I was trying to find some information on this and have been unsuccessful. Do you know anything more about it? Can you point me in the right direction? Which areas did they drill?
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@CriticalInvestor @DanO Didn't receive your VTT piece, should I subscribe again?
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@Excelsior @CriticalInvestor - you can go to www.miningandmoney.com and click on the "Archive" section under the heading "More", and just log in to get the $VTT piece from @DanO.
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from ~roughingit,
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@DanO @EvenPrime. $vtt Yep, Aug 31 financials on Sedar. They are going to raise money. It doesn't matter where BHP has drilled as we already know that stacked lenses occur in Zone 5 only (which is still open and shows increased zinc grades). Check out Pegmont Mines on the web. I found their Prospectus, agreements, etc. It is done this way i.e. in order for the met samples to be representative you include them all that is from all zones that you intend to mine. I know that they have included the BHZ & Zone 5 (newly drilled material). Metallurgy should not be very different from Cannington. $nrn drilling at Sequoi was pure speculation based on geophysics (hit or miss). This is not the case here with vtt. I considered the risk/reward ratio and bought some. It will be significantly de-risked after the release of positive met results and then of a new mineral resources (sulphide & transitional material).
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@CriticalInvestor @Excelsior @Vaughan Thanks for the help guys! Hope @DanO gets this solved
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@EvenPrime Thank you @DanO and @HRA-Coffin.
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@DanO Chile will hold a tender in April to encourage companies to use its vast #lithium resources to move it up the value chain with cathode or battery production http://www.miningweekly.com/article/chile-to-invite-bids-on-value-added-lithium-tech-in-april-2017-01-17
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@DanO These are the African countries investors should pay attention to ... and some to avoid http://www.mining.com/these-are-the-african-countries-investors-should-pay-attention-to-and-not/ ~AuAfrica
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@DanO @CriticalInvestor I would have to use another mail service provider. Mail chimp most likely.
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@DanO Still waiting for some salars and salinas pictures from $ion 's Mexican lithium salars. The only ones available are blurred Google Earth pictures (on their site). And I think they were talking some #lithium brine assays. And some leach test results. Well, they're overdue.
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@DanO $GN The team is at it again. So acquisition costs for the property are $1 million but the promo costs $3.3 million :) How about posting some links to those Technical Reports (the 2005 mineral resource estimation & the new (buddy) report)? I had a quick look at it. Narrow veins environment. I will definitely write something about this as it could teach investors a few things. Especially now that we deal with a flurry of activity back east.
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from ~roughingit,
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@DanO Pictures. Data, Assays. Facts. Still waiting.
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from #ion,
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@HRA-Coffin I have no clue what that is supposed to mean in plain English @DanO
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from ~roughingit,
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@DanO T. (the one who humps :) posted his '24 min' dd on $GN. He said that it is a 'broke shell' and 'The shell is getting about a $3.3 million promote'! Well the acquisition price (for the old mine i.e. the price that they have to pay to the Kitco guy) is $1 million. Read T's post and you'd get the reference to the buddy report, etc.
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@DanO @Allan You've talked the talk now walk the walk.
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from #ion,
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@DanO Comibol announced they were in discussions with an unnamed Canadian company about setting up a #lithium battery plant in the country https://www.theguardian.com/sustainable-business/2017/jan/17/white-gold-companies-search-lithium-bolivia?CMP=twt_a-environment_b-gdneco $PE ?
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@DanO The geologist leaves.
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from #ion,
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@DanO Otto on $ion 's man: http://incakolanews.blogspot.ca/2017/01/and-on-subject-of-complete-assholes.html This was first brought to our attention by @Allan. He also likes to launch in personal attacks.
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@DanO I remembered $igo. Checked it out. Oh man !
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@DanO You cannot compare $GN with $RGC. The latter is closer to production, has a permitted mill, PEAs, etc. Just sayin'. $GN? Well, I'll have a look at them.
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@DanO @CriticalInvestor Remember me to comment on your $DV article. Sometime in the future. I had a few notes on a few of your other articles as well.
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@DanO Btw happy Trump day tomorrow:) Gold goes down again? Up then down? Same day.
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anonymous its gonna be a YUGE day !
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@Brandon @DanO: yes you can compare $GN with $RGC. If you can't compare an early stage company with a development or production stage company, how are you supposed to evaluate the former? That's the whole crux of evaluating early stage companies; you look for analogs among latter stage ones, make adjustments for differing specifics, and come to some sort of conclusion as to what its chances are for progression.
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@Excelsior @Brandon and @DanO - good discussion about comparing an early stage company to a development stage company. I agree with you both to some degree. @Brandon you raise some good points about looking for analogs and adjustments for differing specifics. However, a development company that has their PEA, PFS, or FS, and their permitting in place or far advanced, and also may have infrastructure or a mine or mill in place from a past cycle, or capital already raised, is at a much different valuation and risk factor. They also will have different power/water/road/shipping dynamics, and is quite a bit different than an earlier stage drill play with so many unanswered questions. Good food for thought though guys. Ever upward!
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@DanO @Excelsior Agree.
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