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@MiningBookGuy @Quantum - thanks for the kind words and recommending ~AUfrica to others! @fbx258 - thank you as well! and glad to see your interest in $SWA $TGZ $PRU $PRU.AX. I think $TGZ pulled away from $PRU over the last 12 months. But the next 12 months should be key to see if $PRU gets back on track, or if $TGZ really takes advantage of being in a 'stronger' position (which they are from a cash and production asset perspective). Many similarities in terms of what these 2 companies are trying to accomplish.
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@MiningBookGuy @LucTenHave - I think you meant $EXK $EDR for 'Endeavour Silver', NOT $EDV for 'Endeavour Mining'. Just wanted to clarify for those following your interesting posts relating $XAG $MIO.L $EXK $EVR, so that people aren't confused. These companies don't help themselves with easy-to-confuse names and tickers!
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from @luctenhave,
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@MiningBookGuy @Allan - Agree on new discoveries needed. But it doesn't need to be in North America. A #discovery along the lines of Fruta del Norte in #Ecuador last decade would be just fine. Many emerging jurisdictions around the world, likely with the highest chances for 'big' discoveries in the next few years.
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@MiningBookGuy @Allan - the world is constantly changing...don't forget that #BreX is what made the industry go nuts a few decades ago...in #Indonesia
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@MiningBookGuy @Allan - so you're saying because you 'lived' #BreX that you are 'more qualified' to judge where the next 'big' discoveries are going to take place? I don't buy that reasoning. Honestly, I think savvy CEO.CA users that are just now starting to following the mining industry can very quickly get a leg-up on 'veterans' with decades of experience. I mean this specifically for speculators, not junior CEOs/professionals.
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@Highheat @MiningBookGuy I wouldn't discount experience but you don't learn that until you have some scars.
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@nobshere @MiningBookGuy What he telling u is BEWARE of all 3rd world nations Things change there on a flip of a dime. We have plenty spec plays in Mex USA Can --go after those
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@MiningBookGuy @Highheat - absolutely agree with that
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@MiningBookGuy @Allan - you imply i said the following: "What makes you believe the inexperienced can out do the experienced?" I never said this. The special thing about CEO.CA is that it allows 'accelerated experience'. And that's just an extension of the internet. We can all learn a lot much more quickly. But we still need the experience. We do NOT need 25 years in the mining industry to become competent speculators. That's one of the things I'm trying to say.
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@nobshere @MiningBookGuy For sure Remember 1000-1 for a company to be somewhat successful
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@MiningBookGuy @nobshere - speculators don't need discoveries/deposits to become mines to be 'successful'. and i know you know that.
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@Goldfinger @MiningBookGuy @Allan The game has changed a bit in the last decade as technology has given the common investor access to information that wasn't readily available back in the Bre-X days. Experience is valuable but sometimes 'old guys' can be stuck in their ways and be operating with a 'faulty operating system' - experience in itself isn't an edge, experience with a constant yearning to learn and grow and be open to new possibilities IS an edge.
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@Highheat @MiningBookGuy I will say that many of the tough lessons that I have learned were because I wasn't mentored. I think the education that @NextBigRush and yourself and other young people are providing is a very very good thing. I know I have had to humble myself and realize that there are many things that I can learn about investing from the youth on this site.
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@MiningBookGuy @Goldfinger RE: https://ceo.ca/index?937ba58b7cf8 - great comment! @Highheat RE: https://ceo.ca/index?6673898aabce - thanks for mentioning that! I hope @TheNextBigRush becomes a premier 'learning' site on youtube. BTW, One of the reasons I immediately got along with @TheNextBigRush is because each of us independently has experience starting businesses. I can't speak for @TheNextBigRush. But I have many, many failures (and some success) under my belt within a relatively short period of time. I picked up some valuable scars this way that have definitely applied to speculating in juniors. There are many ways to pick up experience that applies here.
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@MiningBookGuy @Highheat RE: https://ceo.ca/index?ed997a0b2106 - this is a good comment too! i know that i've developed 'subconscious filters' constantly looking for information on the internet. I don't necessarily think a 'tight focus' is needed. But knowing where you're 'wasting time' vs 'digging for nuggets', and then knowing when you come across something really valuable and that you should 'double-down' on more information like that...that's how i think about using the internet to my advantage.
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@MiningBookGuy @BenjaminCox - i'll chat with you here if you've got a bit of energy left :)
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from ~mining syndicate,
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@MiningBookGuy Acacia looking at Tanzania smelter http://www.mining-journal.com/commodities/gold/acacia-looking-at-tanzania-smelter/ $ACA.L #gold #Tanzania #MiningJournal #index "Acacia Mining (LN:ACA) has indicated it is open to building a smelter in Tanzania at the same time it announced the country's gold and copper concentrate export ban is costing it US$1 million a day."
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from ~aufrica,
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@MiningBookGuy “I don’t want to be a beggar in about 10 or 15 years from now” http://www.mining-journal.com/commodities/diamonds/i-dont-want-to-be-a-beggar-in-about-10-or-15-years-from-now/ #SierraLeone #diamond #diamonds #MiningJournal #index "A US$50 million diamond find in Sierra Leone this month has raised questions about where the money goes, and a new report into the discovery shows why it was almost kept hidden."
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from ~aufrica,
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@MiningBookGuy Dominion Diamond to explore strategic options, including sale http://www.reuters.com/article/us-dominion-diamond-m-a-strategic-option-idUSKBN16Y138 $DDC #diamonds
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from #index,
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@LucTenHave Correct @MiningBookGuy I meant $exk $edr Thanks for clarifying
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from #edr,
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@internalaudit From @miningbookguy 's post on the Glencore/Tevali deal, sounds like an operating mine is at least worth $200 m, maybe more for blue sky mining? So complete the permits, add extractors, smelters, crushers, millers and one can call it a day and sell for $200 m or more? http://www.northernminer.com/news/trevali-ceo-discusses-glencore-deal-zinc-markets/1003784876/
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from #tk,
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@JamesKwantes Some talk about #Tanzania lately, esp. in @MiningBookGuy's excellent $aufrica. Another with strange insider activity is Jim Sinclair's Tanzanian Royalty Exploration Corp. $TNX. Director William Harvey buying tiny amounts and then selling the next day (at a loss) SEDI:TNX
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@MiningBookGuy @BenjaminCox - oh, i've got to take care of something for ~10-15 minutes... your risk/reward promotion topic sounded good! you can elaborate on that and i'll get back to you for sure. but really, anything 'juniors' related is good to me :)
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from ~mining syndicate,
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@MiningBookGuy @BenjaminCox - are you thinking about it specific to one or two commodities? or across the board?
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from ~mining syndicate,
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@MiningBookGuy Are you working with any specific examples that you can share?
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from ~mining syndicate,
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@MiningBookGuy that's fine, already helps to mention gold/zinc. so is a big part of this is metallurgy? relating that to small/large projects as well?
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from ~mining syndicate,
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@MiningBookGuy @benjamincox - ah ok, good to know you are specifically thinking about zinc. that will be interesting to continue to follow, and compare the small and large projects here
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from ~mining syndicate,
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@BenjaminCox @MiningBookGuy I actually am not, I am doing the same work with low grade gold
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from ~mining syndicate,
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@MiningBookGuy @BenjaminCox - oh of course. but i think the 'zinc momentum' makes for a more interesting story this minute. you can definitely apply to both zinc and gold. but zinc is 'hot', and this is the type of talk that furthers great commentary/analysis from @ocotilloredux & others in ~zinc
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from ~mining syndicate,
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@MiningBookGuy but i know more about gold, and inherently have more interest there as well :P
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@MiningBookGuy so i'd like to dig into that unless other people chime in
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@MiningBookGuy @BenjaminCox - so i may have missed something. but if you say "same stuff happens" with gold going to $1500 per ounce USD, you mean that a lot of projects come out of the woodwork that are ONLY economic as we get to that price level, correct? and that many could be smaller, higher-grade, and even close to production?
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from ~mining syndicate,
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@MiningBookGuy @benjaminCox - ok, so you're trying to figure out what components are most influential for improving these 'marginal' projects. and some of the 'logarithmic' costs are key to understanding why seemingly 'ok' smaller, high-grade projects might still be a bad idea, compared to larger ones that costs can more easily be contained/reduced? did i make a mistake in any of that?
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from ~mining syndicate,
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@MiningBookGuy i think it would be interesting to point out how 'smaller/high-grade' could be worse than 'larger/low-grade' (both marginal) across various commodities
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from ~mining syndicate,
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@MiningBookGuy for reasons that go beyond saying "well building a small mine is as complex as building a big mine"
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@MiningBookGuy and also showing a positive for the larger, lower-grade that are very much out of favor across the board
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from ~mining syndicate,
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@MiningBookGuy but that's just my side thoughts. you might not be trying to make any of these points
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from ~mining syndicate,
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@MiningBookGuy @BenjaminCox - i'll be back later. i'll add that i have very little interest in smaller, marginal gold projects (optionality). I also have little interest in VERY marginal large gold projects. but i am interested in 'somewhat marginal, larger gold' projects. this has been discussed on other parts of ceo.ca. the primary way i see the 'somewhat marginal, larger gold' projects improving economics is by finding higher-grade, satellite deposits, and incorporating those into a new study. but IF you're implying that there are clear ways to reduce capex that might actually apply MORE to these types of projects than the smaller ones, that's a very interesting specific point to me.
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from ~mining syndicate,
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@MiningBookGuy @BenjaminCox - ah ok, thanks for clarifying. still interesting to me, but not as directly
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@MiningBookGuy Massive, Guinness-record-setting ‘Big Maple Leaf’ gold coin worth millions stolen from German museum http://news.nationalpost.com/news/world/massive-guinness-record-setting-big-maple-leaf-gold-coin-worth-millions-stolen-from-german-museum #gold #coin #MapleLeaf #heist "Berlin police say thieves broke into the German capital’s Bode Museum and made off with a massive 100-kilogram gold coin issued by the Royal Canadian Mint that’s worth millions."
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@Goldfinger @MiningBookGuy I want to know what they end up doing with it, can't sell it without melting down.
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@MiningBookGuy I only listened to a few parts so far. But thanks @stateside for the shout-out in the $MUN section of your podcast this week! very kind of you :) http://statesidereport.com/stateside-report-podcast-march-26-2017/ Glad to hear @stateside on-board with $MUN, and good description by him on what's happening right now. I also liked his $WAF $WAF.AX section, as it's a company I've followed a long time and maybe they can get their mojo back with more high-grade results as mentioned. And one that intrigues me is $BKI, which I really haven't followed but now I will with the @stateside mention here. @stateside just follows so much stuff! A lot of people listen regularly, but I definitely recommend giving it a shot if you're new and you haven't already. I just listen on the web (link above), but i think most people listen on itunes, direct link to itunes page is here: https://itunes.apple.com/us/podcast/comanusrisings-podcast/id1080829259?mt=2 lastly, good to see that the #StatesideReport branding is transitioning smoothly :)
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@zartceps @MiningBookGuy Have you ever thought about starting a podcast?
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@FundamentalAnalysis @MiningBookGuy Forget speculating on companies, when you can just plan that......:)
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@MiningBookGuy $OKU.AX - Becoming a substantial holder from RSG http://www.asx.com.au/asxpdf/20170328/pdf/43h2qv38rlpr4d.pdf $RSG.AX $OKU #Mali #gold ~AUfrica #index Impressive! Funny timing with @Brendan bringing this up -- he might be onto something with further interest from $RSG.AX (Resolute) in #WestAfrica. This is in addition to $CHN.AX (Chalice) substantial holding as well. @Mike has to be happy! I think he's the only 'public' shareholder at ceo.ca? I've been following this a while, always thought it was on the expensive side for #Mali #gold #exploration. Everyone should keep in mind this is next door to $BTG #Fekola on #SMSZ #SMFZ. $IMG bought out $MXI nearby as well. This area is heating up!
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from ~aufrica,
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@MiningBookGuy @zartceps @FundamentalAnalysis - yes, i did think about a #podcast. but not something i think i want do on my own... with that said, i really enjoy the skype sessions with @TheNextBigRush and @JayFire on #TheNextBigRush youtube channel! This is pretty close to a podcast. I would always be up for stuff like this with Fabi and Jay (if this ever turns into a 'real' podcast), or others that want to have similar conversations. The chatting/listening part is a lot of fun! :)
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@fbx258 @miningBookGuy I picked up some more TGZ.ax today on ASX, issue i have is the with $TGZ.ax is they are alittle slow under their management. My favourite is $RSG.ax lead by Jon Welborn. Check out RSG.ax took a 5% stake in $OKU.ax near $HUM.L Yanfolia project.
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