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@Rulingmining @Picsou @Excelsior I agree with you guys. I am also bullish on uranium. Just read the article and put it out there for common knowledge. If they wanted to phase out nuclear they would still need baseload to support other renewables, unless they wanted to go backwards on their own Paris Accord.... unlikely
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@Excelsior Here is a #Seasonality #Chart for #Gold over 30 years: http://equityclock.com/pictures/GoldFuturesGCSeasonalChart_2CFE/image_thumb.png+ Another 30 Year #Gold #Seasonality #Chart: http://www.acting-man.com/blog/media/2013/08/GOLD-seasonal.png+ 20 year #Gold #Seasonality #Chart http://4.bp.blogspot.com/-K-KLb69nx4U/VYnHQYqbY2I/AAAAAAAAIvw/l6Ex4ahV3sw/s1600/gold%2Bseasonal.png+ $GDXJ 2009 - 2017 http://cdn.ceo.ca/1cdgl52-GDXJ_seasonality.png+ #Seasonality #Chart for #Gold #Miners in $HUI – from Adam Hamilton: http://www.321gold.com/editorials/hamilton/hamilton032213/Zeal032213A.gif+ Tis the season to be jolly..... before it's the season where we may not be as jolly. The 2nd 1/2 of 2017 is what I'm looking forward to, and if we get a "Sell in May and go away" or the Summer Doldrums, it will just offer chances to #LoadUp on your watchlist. Time to get some dry powder stockpiled ye scallywags.
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@Jayfire @Excelsior Welcome to the club! Good to have u onboard :) $KLX $KLDX
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@Excelsior Thanks @Jayfire - I'm actually a returning club member and did trade $KLX $KLDX in 2015 and the first part of 2016. It's good to be back, and I'm ready to add more if Klondex keeps bleeding. However if it falls in half from here then I may need a Kleenex :-)
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@Excelsior @Onlyflaws - I will back your shameless promotion of $AR $ARNGF One of my favorite underappreciated #Gold #Producers with a large #Development profile. (Look at where they were trading in 2012 for hint of where they are going. They have such a larger pipeline now than they ever did back then) Argonaut Gold - Corporate Presenation - March 2017 http://www.argonautgold.com/_resources/presentations/March-2017-FINAL.pdf Argonaut Gold - #Video #CorporatePresenation April 5, 2017 -Zurich, Switzerland - European Gold Forum Pete Dougherty - President & CEO http://www.europeangoldforum.org/egf17/company-webcast/AR:CN/
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@Jayfire @Excelsior Thanks for the links, will watch the videos later today when I get a chance!
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@Excelsior Magino is briefly explained on that video presentation from the European Gold. That project is a whopper (hence the capex) but it will be a very long life and low cost mine. They have several mines in #production that are currently more important (for example they just picked up all that land around their El Castillo mine from Fresnillo - which was brilliant for expanding that mine life and resources), and they've done good #Exploration around La Colorada to extend it's mine life, but on the longer term Magino is a large piece of the $AR growth profile. Really next up is the San Agustin mine that comes on-line in Q3 of this year and will be producing first Gold. One step at time..... Here's a more recent slide deck from April: http://wsw.com/webcast/egf17/ar.to/presentationDownload.pdf
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@Excelsior @Jayfire - I'll throw out another idea we can dissect $RCG $GDPEF Resource Capital Gold Corp. It's a #Gold #Developer turning into #Producer and they actually have started production from old stockpiles earlier this year, but their main project is about to kick in. A press release came out earlier in the week the reiterates their PEA numbers (which are impressive). RCG FILES AMENDMENTS TO PEA ON DUFFERIN GOLD PROJECT April 18, 2017 PEA RESULTS UNCHANGED "The PEA as now amended was completed by MineTech International Ltd. of Halifax, Nova Scotia, and Global Mineral Resource Services of Vancouver, British Columbia. Economic results remained unchanged from the PEA as originally filed, which show the production of 216,050 ounces of gold during a 10-year mine life, with a pre-tax IRR of 158% and a capital payback period of 1.3 years. The net present value of the project is shown as CAD$121,100,000 at a 5% discount rate. These economic numbers do not include any of the planned production from the stockpiled materials, from which the Company produced its first gold as announced in its press release dated March 3, 2017." ** For clarity they have other prior producing mines lined up, Forest Hill and Tangier, in their pipeline, and this is just the first to bat. http://www.rcgcorp.ca/news/2017/rcg-files-amendments-to-pea-on-dufferin-gold-project > RCG PRODUCES FIRST #GOLD AT DUFFERIN March 2, 2017  http://www.rcgcorp.ca/news/2017/rcg-produces-first-gold-at-dufferin $RCG Resource Capital Gold Corp - Corporate Presentation: http://www.rcgcorp.ca/assets/docs/RCG_Corporate_Presentation_March_2017.pdf
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@FundamentalAnalysis Ahhh everyone talking about $AR @Excelsior @onlyflaws @jayfire...I've looked into this in the past but at the time wasn't interested as saw it as an optionality producer. But if prices stay where they are and gold breaks above the $1310 region, we could see a lot of positive momentum in anticipation of all the production potential it has.....I should look into it again as a lot of potential into the gold bull market for the longer term.
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@Excelsior @FundamentalAnalysis - Good thoughts sir, but you may need to take a relook. They've really lowered their costs over the last 2 years, and are trying to shake that reputation of being one of the higher cost producers, to their new reality of moving into a very profitable position at current prices $1200 #Gold. {Listen to how he starts off the video making just that very point.} * (from pg 3 of newer April Slideck) At $1,200 gold price, 300,000oz at AISC $950 yields $75M per year FCF (after tax) which can fund the following based on circumstances: -Exploration-Build new mines-Dividendshttp://wsw.com/webcast/egf17/ar.to/presentationDownload.pdf Yes, I agree on the optionality aspect, (again, pull up a 5 year chart and see where they were in 2012) :-)
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@FundamentalAnalysis Looking into it now @Excelsior :)
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@MiningBookGuy wow, lots of great #mbgtrends content today, you guys are on a roll, @Jayfire @FundamentalAnalysis @Excelsior @Onlyflaws @HHorseman & anyone I missed! Too much for me to catch up on right now, but a few things: @Jayfire RE: https://ceo.ca/mbgtrends?e309db73a420 - I posted some stuff on that #Ghana news in relation to #Sudan here: https://ceo.ca/~aufrica?ba95eb1c10f5 Oh, I see you just posted the article, so you're caught up on it anyway :) @FundamentalAnalysis RE: https://ceo.ca/mbgtrends?8171fa6df150 - great #WestAfrica list! I'd say the biggest one you're missing is $RSG.AX ...i'll have a bit more to say about them later. It does go beyond #WestAfrica, but that's the core of the value and it has high-growth potential. That's one of @Brendan's choices, and it's mainly overlooked because it's only listed on ASX. #ASX-Stocks I don't have time to respond to anything else right now, but will have a lot more to write later! #mbgtrends
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@Excelsior #Silver stocks that had a profitable ~Green Day: Silver Stocks SYMBOL % CHG Rio Silver Inc. $RYO +13.33% Bitterroot Resources Ltd. $BTT +13.16% Argentum Silver Corp. $ASL +10.81% Arizona Silver Exploration Inc. $AZS +8.97% Alexco Resource Corp. $AXU +5.59% Levon Resources Ltd. $LVN +5.56% Dolly Varden Silver Corporation $DV +5.08% Silver One Resources Inc. $SVE +4.76% Castle Silver Resources Inc. $CSR +4.17% Bear Creek Mining Corporation $BCM +3.77% Silver Dragon Resources Inc. $SDRG +3.68% Golden Minerals Company $AUM +3.45% Canasil Resources Inc. $CLZ +3.13% IMPACT Silver Corp. $IPT +2.99% SilverCrest Metals Inc. $SIL +2.98% Nicola Mining Inc. $NIM +2.78% Silvercorp Metals Inc. $SVM +2.69% Silver Bear Resources Inc. $SBR +2.67% Silver Standard Resources Inc. $SSRI +2.12% Prospero Silver Corp. $PSL +1.75% Coeur Mining, Inc. $CDE +1.63% Fortuna Silver Mines Inc. $FSM +1.62% First Majestic Silver Corp. $AG +1.38% Americas Silver Corporation $USAS +1.02% Tahoe Resources Inc. $TAHO +0.93% Hecla Mining Company $HL +0.72% Silver Wheaton Corp. $SLW +0.19%
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@Excelsior $KTN $KOOYF Kootenay Silver Announces Drill Program to Target Resource Expansion at La Cigarra Project, #Mexico April 19, 2017 #Drillplays #Index “Drilling will commence in approximately two weeks and operate concurrently with ongoing geological mapping and sampling programs on peripheral target areas, which will be drill tested later in the year. The program is designed to expand on the reported Measured and Indicated silver resource, which currently stands at 18.5 million tonnes grading 86.3 gpt containing 51.5 million ounces and an Inferred #silver resource of 4.45 million tonnes grading 80.0 gpt containing 11.4 million ounces .” http://kootenaysilver.com/news/kootenay/2017/kootenay-announces-drill-program-to-target-resource-expansion-at-la-cigarra-silver-project-mexico
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@Excelsior All we are is dust in the wind....
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@0Kib in the same spirit "We are monkeys orbiting a star – so utterly devoid of significance in the grand scheme of things. Whole civilisations that once ruled the Earth are now reduced to one word in our minds, so do we really think that anything we do will last? Liberate yourself from this quest for immortality, and resolve yourself to be happy, and make others happy around you." @Highheat @Excelsior
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@Excelsior @0Kib - agreed. "Life is a musical thing, and our time here is a dance and we're meant to spend our time swinging with it" - Alan Watts "What if, instead, life didn’t resemble a journey at all, but was instead more akin to a work of art; a piece of music, a dance, a play?" Renowned philosopher Alan Watts had a knack for knocking the wind out of our sails (in the best way possible) when it came to analyzing and understanding the real meaning of life. And in this beautiful video, he unpacks our need to constantly be moving forward and progressing through life… while simultaneously missing the whole point. "We live our lives as if they are a very important journey; a sort of pilgrimage with an end goal in sight. But Watts argues that just simply isn’t true — that our lives should be treated more as a musical composition, with lifts, drops, and improvised beauty in between." http://blog.mindvalleyacademy.com/spiritual-growth/life-dance-journey-alan-watts
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@Highheat @Excelsior Cool video man thanks for sharing that.
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@Leon @Excelsior - Thank you for the reminder, that life is just a creative expression that wants to get realized; it takes a lot of drama out of the daily experiences ;-) My favorite of A.W. is: "What would it be like if you go to sleep and never wake up?" www.youtube.com/watch?v=mMRrCYPxD0I+
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@EvenPrime [[[ 2017 Stock Picking Contests Updated April 21th, 2017 ]]] *Overall, we are down about 4% on average across all 3 contests over the past week. --------------------------------------------------------- #Stockpickingcontest Highlights: 1) @RockedRed - 228% (Jumped from 60th place to 1st because of a 682% gain in COR ) - Big congrats... 2) @rjunior - 143% 3) @raymipo - 130% 36% of portfolios are above 25% return 56% of portfolios are above 10% return 70% of portfolios are positive https://astronomerb.github.io/CEOtable/stockpickingcontest.html --------------------------------------------------------- --------------------------------------------------------- #BonusPickShowDown Highlights: 1) @LucTenHave $AU -357% 2) @bedrag $PKK - 220% 3) @CautiousNow $ADZ - 166% 45% of portfolios are above 25% return 53% of portfolios are above 10% return 67% of portfolios are positive https://astronomerb.github.io/CEOtable/bonuspickshowdown.html --------------------------------------------------------- --------------------------------------------------------- #Safeststockpickingcontest AKA #Safest2x-Bagger Highlights: 1) @LucTenHave - 161% 2) @LucaBrasi - 92% 3) @Oliver - 58% 50% of portfolios are above 25% return 71% of portfolios are above 10% return 89% of portfolios are positive https://astronomerb.github.io/CEOtable/safeststockpickingcontest.html --------------------------------------------------------- --------------------------------------------------------- @1969Enigma @2pac @500Wedge @6furlongs @Aaron @AlGreene @Allan @Alockett @ayeyou @B1984 @Bedrag @bman97 @Breccia @BrettCross @BruceWayne @BS @Bullish @Buyhigh420 @camwow9 @CautiousNow @Chatyak @ck @Clapton @CommodityPro @CriticalInvestor @dalton123 @Daniel @david @dirkdiggler @DJS @DK @Drilltracker @Drj @Dutch_patience @Edp007 @Ekim @Empire @EpsteinResearch @Eustice @Evenprime @Excelsior @Exia @FaxingBerlin @Fiat @Finanzr @Fischlaender @Goldfinger @Goldrush @Goodie @greenmetals @Highheat @iceman @IronMan07 @JACHap @Jayfire @jerrio78 @jhm @jnbarbu @JosephMurphy @JT @K2 @kayo @kjm @Lee @Letsgetready @longzzzzz @Ltr @Lucabrasi @LucTenHave @LukeJackson @m00tpoint @madmann @Markus @Massimom @Maxhuntly @megavoss @Mesro @Mick @Mike86 @Mimibegalo @Minaki @MiningBookGuy @MiningCatalyst @motorolja @muskie @Mutt @Mxpx80 @Newager23 @Newbie @newstracker @Nick @Nobshere @NoSoup4U @ogi @Oliver @Onlyflaws @PamplonaTrader @Pepek @Pinnsvin @poolman @PurpleKush @Quantum @R44 @Rangerbentman @raymipo @RichardBuffet @rjunior @robby @RockedRed @Rod @Sarb @schischi @ScroogeMcduck @Scruff @Sergio @Sigmund @sihv @Silver @Snoek @SotallyTober @Spike @StarFire @Stateside@Stealinator @Stocklor @Stoneminer @strakpao @Sugar-Dog @supra48 @Teevee @Terrysteen @TheGalvanizer @TinyBullStocks @Tomjosd @Tron @Truth Never Told @Ujms @Upticks @Vaughan @Walterc @wiz099 @wolff @xenophon @Ylr @PhotoJ @Goldenboy7123 https://astronomerb.github.io/CEOtable/stockpickingcontest.html #Stockpickingcontest #Bonuspickshowdown #Safeststockpickingcontest #Hotpick https://astronomerb.github.io/CEOtable/stockpickingcontest.html
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@Excelsior Concentrate on Healthy #Junior Miner Trees Not the Diseased $GDXJ Forest David Erfle - Friday April 21, 2017 #GOLD #SILVER http://www.kitco.com/commentaries/2017-04-21/Concentrate-on-Healthy-Junior-Miner-Trees-Not-the-Diseased-GDXJ-Forest.html
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@Excelsior @stateside - Agreed. The answer is for investors to build their own basket of quality Jrs and spend time studying the sector and what they are investing in. Good thoughts sir. That was also the theme of that article from David Erfle linked up above. Here was a passage that stuck out in that editorial. _______________________________________ "Based on the current holdings as well as these up-coming changes, it is my contention that the “Junior Gold Miners Index Fund” GDXJ is no longer a reliable barometer for the junior miner sector. "In a recent Bloomberg article about the rising popularity of the GDXJ, Alan Gayle, a senior strategist who helps oversee $42 billion in assets at RidgeWorth Investments in Atlanta stated: “This is a broad perception that ETFs are the easy way to invest in a theme without devoting the time and effort to analyze the individual component firms. As ETFs penetrate smaller and more specialized themes, they run the risk of actually distorting the market they are trying to mimic.” "I strongly believe this phenomenon is in the process of happening to the precious metal junior miner sector." "Meanwhile, the quality junior miners which are NOT included in the GDXJ continue to flourish and bifurcate from the sector. It has been my contention in past missives that investors should be concentrating on these junior developers/explorers and cashed up early stage exploration companies in order to maximize returns going forward in the new precious metal miner bull market."
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@Goldfinger @Excelsior $GDXJ definitely not a reliable barometer for junior sector and I think we will see a few true junior ETFs come into creation very soon. I also feel some of the worst bearish fears about some of the deletes in the GDXJ are exaggerated. Obviously the movement in the $gold price over the coming weeks will be important. If gold drops it could certainly get ugly. Also not many people mentioning the ADDS which will see additional buying from the rebalancing.
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@Excelsior @Goldfinger - Good thoughts, yes agreed that most people will just rotate into other ETFs or funds like $SGDJ $GOEX or potentially news ones that may grow to service the #Juniors. This topic was getting debated over on the KER today and I'll post a quick thread that may be of interest: > On April 22, 2017 at 11:29 am, Matthew says: "Sprott’s junior ETF should benefit from GDXJ’s problem and has outperformed very nicely over the last two months. Priced in SGDJ, GDXJ is a daily and weekly chart SELL (SGDJ is a buy vs GDXJ)." http://stockcharts.com/h-sc/ui?s=GDXJ%3ASGDJ&p=D&yr=1&mn=0&dy=13&id=p89951092796 >On April 22, 2017 at 6:27 pm, Excelsior says: "This makes sense for investors to migrate over into $SGDJ for access to many of the stocks GDXJ is selling and may balance out some of the turbulence, but there was so much volume in $GDXJ being fed from $JNUG (which was another big part of this distortion by the traders utilizing the 3x ETFS) "There was a comment on ceo.ca from a sharp contributor that gets at this same topic:" @Onlyflaws – “Ive been wondering that gdxj re-balancing. If people decide to sell their positions in gdxj they are probably looking at other indexes right? Would it not make sense that these other indexes see big inflows? For example SGDJ could get popular and by doing so the underlying stocks get appreciated. I was looking at SGDJ, and their holdings overlap quite a lot with gdxj. So, outflows from $gdxj into for example $sgdj would mean that the underlying stocks would not see so much selling pressure as they are bought through other etfs. Does this make sense?” >On April 22, 2017 at 6:36 pm, GH says: "Look at the volume in $SGDJ for Friday! People making the switch from $GDXJ, I suppose."
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@Onlyflaws @Excelsior Thanks for the mention. After that volume spike SGDJ experienced on Friday, Im more convinced that there wont be so much selling pressure in the underlying stocks. Ive never owned GDXJ and never will, not only because I think that most of the companies there are not best performers, but also because I really like picking stocks myself.
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@Excelsior Gold Flirts with $1300 And Trades to a New Yearly High by Gary Wagner – April 21, 2017 – Weekend Review – #Video #Chart #TechnicalAnalysis #Gold #Silver $DOW $SPY, #Nasdaq, #Oil, The US #Dollar https://thegoldforecast.com/video/gold-flirts-1300-and-trades-new-yearly-high
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@Vaughan what do you think the French result will do to gold @Excelsior?
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@Excelsior @Vaughan - I don't have an opinion on it other than if the Euro tanks, it would raise the US dollar (but that doesn't have to equate to pressure on Gold, as we've seen Gold get a bid in tandem with the US dollar in times of Geopolitical tension). Overall, I put much less emphasis on geo-politics, as the effects are short-lived and diminish quickly.
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@Excelsior $MXSG Mexus smelts first #Gold at Santa Elena mine April 24th, 2017 (GLOBE NEWSWIRE) - New #PreciousMetals #Producer in #Mexico “This test run went well resulting in a small amount of dore. The crew will be fine tuning the temperature of the furnace, adjusting the flux mixture, and installing a more precise weighing system. These are normal steps for a start-up and won’t take long to perfect. This is a hallmark moment for Mexus and marks what will be the first of many #gold pours to come.” added CEO Paul Thompson. http://mexusgoldus.com/mexus-smelts-first-gold-at-santa-elena-mine/
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@Excelsior @Allan there are now just 2 times as many people in the side $rooms #Topics & ~panels (that some people previously mentioned would never be popular - guess they were wrong). Many of those rooms are very focused and offer much better info targeted around a certain subject focus.
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@Excelsior @Allan- you think the ~Zinc #Zinc ~mining syndicate #mbgtrends #Uranium #Lithium #Gold #Silver #Copper rooms are "stockhousie" but think your endless posts about learning spanish, golf clubs, and dog pictures actually add more value to investors here?
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@lukejackson how do I buy shares in @Excelsior likes this morning 🚀
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@murat @Excelsior can you try explaining the issue more?
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@Excelsior Fixed. Thanks @Murat for all that you do for the site. Much appreciated!!
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@murat sorry fellas, had a hiccup. fixed now. @Excelsior
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@Excelsior @MiningBookGuy - Agreed - great article from @HHorseman - and it has been posted on the #Korelin Economics Report market wrap for a little #Silver discussion. #mbgtrends http://www.kereport.com/2017/04/24/dont-trust-the-gap-up-in-the-us-markets-today/ We are still fairly well supplied on physical Silver for now, but that trend will change over the next few years as it becomes increasingly difficult to find the high grade Silver in #exploration work, and producers have more of challenge replacing their reserves. This will make companies with Silver #explorers much more valuable if they do hit paydirt (like $DV Dolly Varden, $BBB Brixton Metals, $KTN Kootenay Silver, $KS Klondike Silver, $DEF Defiance Silver, $BTT Bitterroot etc…) Also the #Developers that are still exploring like $AXU Alexco, $BCM Bear Creak, $MSV Minco, Bayhorse, $AUN Aurcana, $SBR Silver Bear, will benefit from continuing to expand their ounces in the ground. It is also overlooked that many of the #Producers (like $IPT Impact Silver, $USAS Americas Silver Corp, $EXN Excellon Resources, $SCZ Santacruz Silver, $ASM Avino Silver & Gold, $EXK Endeavour Silver, $GPL Great Panther, $FSM Fortuna, etc….) also have very exciting #Exploration targets around their existing mines and many have a pipeline of #Silver projects coming down the pike…..
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@MiningBookGuy @Excelsior - thanks for copying over those names! i know you post a lot of #Silver plays on a regular basis. but I still forget many of them. I'm going to try to pay closer attention in the coming months.
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@Excelsior @MiningBookGuy - glad to share ideas, and there are still more #Silver miners to follow but those are a few of the Jrs that have piqued my interest. The Silver miners are going to be a very lively sector the next few years, because in addition to rising Silver prices and out-performance to Gold and Gold miners, they have the added kicker of rising #Zinc & #Lead prices as credits that bring down their costs, improve margins, and will ultimately help with free cash flows. #mbgtrends
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@Excelsior @HHorseman - Well one could argue that there are a few #Silver companies that did do quite well in the last cycle like Ross Beatty's $PAAS Pan American Silver, $SSRI Silver Standard Resources, $TAHO Tahoe Resources, $FRES.L Fresnillo, etc.. Have you looked into what $AXR $AXU Alexco is starting to define with all the multiple deposits that will start feeding their mine later this year? It has district potential. http://www.alexcoresource.com/s/keno_hill.asp?ReportID=515321 $USAS Americas Silver's San Rafael project coming online later this year is going to be substantial. (See pages 10-12) http://wsw.com/webcast/egf17/usa.to/presentationDownload.pdf $IPT Impact Silver is sitting on a district scale potential is their land package is littered with 4000+ old artisanal workings and 75 prior historic processing centers. They have 2 mines up and running but I could see them with many more down the road. (See pages 6 + page 14 on the presentation) http://www.impactsilver.com/i/pdf/presentation.pdf For brown-fields #explorers both $BBB Brixton Metals (see pages 13-18) http://brixtonmetals.com/wp/wp-content/uploads/2017/03/Brixton-Presentation-April-2017.pdf and $KS Klondike Silver http://www.klondikesilver.com.update.editmec.com/i/pdf/brochure.pdf are sitting on prior #producing mining camps that are littered with old deposits that haven't had much historic exploration, and all that infrastructure is already in place. I agree with your thoughts on $KTN Kootenay Silver having room to expand as well. Just a few idea of areas that could turn into much larger projects as the current metals cycle starts to get its legs later in the year moving into 2018.
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@HHorseman @Excelsior I really like $PAAS and kinda still like $SSRI (I wished $GRG would keep the whole project at SSRI's expense). $AXR is on my radar. The thing with Alexco is that I never really figured out how much Silver Wheaton were sticking them for. Still, I love that it's high grade and as you say, it has district scale potential. $USAS is one I really love. Can't believe how cheap it is trading. Most producers have a huge premium and relatively low Resources. Americas Silver is a two mine producer with 100Moz banked. Those things together should make them trade at at least 400MUSD. I just don't get why it's so cheap. It's not even low grade or anything like that. I like $IPT . But I guess their lack of growth for so long has somewhat made me hesitant (probably smart given the downturn though). I own IPT but not a large position. I should perhaps give them a closer look. I have owned $BBB but they seem to be flailing all over the place... Burning cash left and right, before hopping on to a new project. It's so hard to figure out what project they really want to bet their money on. I watched a portion of a $KS presentation and I wasn't sold. Perhaps I should look a bit more on them as well. Overall I try to stick with proven management and "clear paths to success". I like $KTN and $SSV since they have "been there done that", have pretty nice and big projects along with good backing. Thanks for the tips!
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@Excelsior @HHorseman - Good thoughts. We see things in a similar way. I hear ya on $GRG and that is the 7th largest undeveloped Silver mine on the planet and I'm happy to see them partner up with a Major like $SSRI but still felt if they had the whole project it may have been a good thing. Yes, $USAS is trading at a fraction of where they will be, and they are shaking off old perceptions. Their strategy to focus on the Lead & Zinc this year makes all the sense in the world, and the higher grade Silver will be on tap in Idaho and Mexico for when metals prices are more attractive. As for $IPT it was one of the better movers in the #Silver space in 2016 (a 10 bagger from lows to highs) but I believe that is because of their huge #Exploration upside, more so than the 2 mines that they currently have going. Over the next few years if they get serious about exploring their property, there are a number of more deposits that could be found & developed and their grade is almost as high as Alexco. $AXR $AXU renegotiated things with Silver Wheaton just recently, so I believe they've turned the corner, and will start mining from their higher grade Bermingham and Flame & Moth deposits later this year. http://www.alexcoresource.com/s/news.asp?ReportID=784343 * Although, all these smaller producers have large leverage to a rising silver price. $BCM Bear Creek and $SBR Silver Bear also have pretty good leverage to a rising silver price. As for $KS - They are much more speculative at this point, but they already have the fully built mill/processing center, and they are surrounded by old mines and prospective exploration ground. They still need to do a lot of work to start proving up resources, but what interests me there is the "potential" for a district scale operation with infrastructure and a history of mining. Yes, $BBB is all over the map acquiring more and more projects, and their latest presentation doesn't even discuss their 2 most recent acquisitions. Still, they had some nice drilling hits in their Silver/Cobalt camp last year and they'll be drilling that over the next few months. They also have the Gold/Silver kicker up in the Golden Triangle that has the separate drilling program later in the year that will put some more data around what they found last year. As discussed, $DV is the other Explorer in the Golden Triangle whose exploration results will be in the cross-hairs of many investors this year. I traded them last year all the way up to the failed $HL takeover then bailed, but got back in recently for the next drill campaign. Somebody will nab them if they continue hitting solid results this year. Lastly, $KTN did one of the most stealth acquisitions last year with their #takeover of Northhair Silver (and nobody seemed to even notice). This was a great acquisition for them, and as you mentioned their JV with $PAAS gives me some comfort. They have a number of key strategic investors from other mining companies and successful investors, but just not many retail investors, but they are under-rated.
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@HHorseman @Excelsior What does the Silver Wheaton deal mean for Alexco precisely? :o And thank you for writing all that. Will have to dig deeper in a few of those. Your $DV call last year was splendid!
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@Excelsior @HHorseman Here's the recent statement from both companies $AXU $AXR & $SLW (I've heard them both echo this on BNN and Northern Miner interviews as well) #mbgtrends *Highlights of the Amended SPA: > The per ounce production payment on streamed silver changes from US$3.90 per ounce (“/oz”) of silver delivered to Silver Wheaton to a percentage of the spot silver price that increases with lower mill silver head grades and lower silver prices, and decreases with higher mill silver head grades and higher silver prices. > The increased production payments in lower silver price and/or lower silver grade environments increases the flexibility of Alexco to process lower grade ore and sustain mining operations during periods of lower silver prices and does so without limiting the upside opportunity of either Alexco or Silver Wheaton in higher price and grade environments. > The variable production payment will increase overall mining efficiency of the typically high grade silver deposits in the Keno Hill Silver District (“KHSD”) while also accommodating lower grade deposits or discoveries which might otherwise be uneconomic. > As consideration, Alexco has agreed, subject to TSX and NYSE-MKT approval, to issue Silver Wheaton three million (“M”) common shares of Alexco. Alexco President and CEO, Clynton Nauman, commented, “The Amended SPA is an exceptional outcome for Alexco. Most importantly, it places the Keno Hill Silver District clearly on a path toward redevelopment and ultimately a production decision. Furthermore, we appreciate the endorsement of Silver Wheaton through its strategic shareholding in Alexco, an endorsement which we believe reflects confidence in a future of sustained silver production at Keno Hill as well as recognition of the proven exploration upside and highly prospective nature of the district.” “We have long felt that Keno Hill is one of the most prospective silver districts in the world, and the success Alexco has had with Flame & Moth and, more recently, Bermingham confirms our view,” said Randy Smallwood, President and Chief Executive Officer of Silver Wheaton. “We believe that the amendments we have made today will be mutually beneficial to both Silver Wheaton and our partner Alexco and will result in silver once again being mined from Keno Hill.”
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@HHorseman @excelsior Thanks for taking the time!
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@PhotoJ @Excelsior I was thinking of these exchanges this morning when I saw the carnage. Warning signs were there, loud and clear, for sure. I did end up buying some $DUST the day after we had this exchange... so it wasn't completely on deaf ears.
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@Excelsior @PhotoJ - Nice work on the $DUST position. I should have taken my own advice and done the same with a portion of assets to hedge the mining positions. :-) I got spanked hard today as well. Lots of #Red, but can't say it is a surprise. "Momma said there'd be days like this" :-)
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@Excelsior Yeah, in periods of indecision, where a pullback looks imminent, I've done 80% gold miners 20% $DUST or $JDST (not sure if that can be used now that $JNUG and $GDXJ are in such a mess). The 3x nature can cover much of the loss, then can be sold, and all those gains redeployed right back into the miners for a better cost basis. It's easier than trying to sell out of multiple shares and then buy them all back. Just checked $JDST - 19.88 + $2.34 (13.3% gain today) - (damn) $DUST 32.55 + $3.75 (13.02% gain) (double-damn) Hey - Even a 4% weighting is better than 0% though.
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@Jayfire @Excelsior @PhotoJ Man, I think I gotta start hedging... lol it's too painful otherwise!
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@Excelsior @Jayfire - I messed up and didn't do any hedging, but have decided to ride out the storm. Hedging is a 2 way street though. There are times I hedged and lost on it almost as much as the gains in the miners. However, like @PhotoJ executed, even a 4% or 10% hedge can be worth it if it really looks like the metals and miners are on a teeter-totter. I've even won big/lost big intraday doing one directional trade, and then reversing it. Like selling the hedge $DUST and reversing it on a bounce into $NUGT; or selling some miners and putting on a hedge like $JDST on a short-term peak and correction. That's more insane though and I typically am trading using 1 minute or 5 minute charts :-)
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