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@PamplonaTrader $RNX $RNC just formed a #nickel JV with Waterton. $30m war chest to acquire projects. Beta Hunt in Australia. $ARL.AX #cobalt
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from #arl.ax,
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@PamplonaTrader $EMO 12Mt @ 8.5% ZnEq is just for the #zinc zone.
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from ~zinc,
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@PamplonaTrader Deposit looks too small. Have been tracking this since last summer.
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from #mur,
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@PamplonaTrader Waterton Global just paid US$22.5m for 50% of the giant (but pitiful grade) Dumont nickel-cobalt deposit, implying a value of US$45m. Canada's RNX and Waterton are injecting another US$35m into the JV to make acquisitions. Together, the cash and implied value of Dumont should give the JV a market cap of ~US$80m. This versus ARL's fully diluted enterprise value of just US$30m. #nickel #cobalt
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from #arl.ax,
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@Brandon @PamplonaTrader: the deal with Hudbay for TJ was done, at least on a handshake basis, in 2015. You're hearing about it just now because it was never going to be public until we were nearing our IPO. I think the Zn market was very different when we initially engaged them and I also think that they simply did not want a Zn asset that wasn't going to feed their plant in Flin Flon.
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from ~zinc,
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@PamplonaTrader Instead of off-takes, why wouldn't Glencore just start doing zinc streaming deals? Wouldn't that be more profitable than doing a zinc off-take + 2.5% NSR?
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from ~zinc,
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@TheGalvanizer Congratulations @PamplonaTrader ^ :)
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from #index,
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@CriticalInvestor @PamplonaTrader Too much upfront capital/long timeline to production perhaps
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from ~zinc,
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@PamplonaTrader @CriticalInvestor, hmmm. They don't seem to be opposed to royalty deals. Red Kite also likes making big royalty deals on earlier stage projects but not streaming deals which tend to be closer to production when the economics of a project are better understood. Maybe mine operators don't view zinc as a by-product and more as a co-product and reluctant to sell a stream.
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from ~zinc,
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@PamplonaTrader After thinking on earlier points made about commodity trading firms being more interested in the metal... RedKite has done some big royalty deals but most of these royalties are not payable in-kind. So why not do streams instead?
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from ~zinc,
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@JJ Thanks @PamplonaTrader Looks like we have some solid support and it won't take much to get us back over $0.60
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from #tk,
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@Brandon @PamplonaTrader: my feeling is that streaming deals aren't going to be so popular in a bull market and given I'd argue we're in the early stages of a zinc bull market it could be that Glencore couldn't get a zinc stream deal at a price that made sense.
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from ~zinc,
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@PamplonaTrader @benduck don't think it's that either. True, most commodities getting rocked but TK has been holding up well off strong results in a supportive zinc environment. The real reason we are seeing a mini-correction is because warrants are deep in the money *and* 4 month lock up on shs expired last week. It didn't matter last week because most were anticipating a steady news flow and the buyers were stepping up... now that the market is wise to the fact that progress/results are being slowed due to the flooding in Peru, the fickle are selling and bulls are more cautious.
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from #tk,
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@PamplonaTrader Once we get more news the enthusiasm will return.
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from #tk,
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@PamplonaTrader That makes sense @Brandon. But why haven't these trading houses done streaming deals in weak markets? Using RedKite as an example again, in recent years they were very actively acquiring royalties and negotiating offtakes but weren't doing any streaming deals.
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from ~zinc,
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@PamplonaTrader Regulus Resources Announces Agreement With Corescan as Drilling Set to Commence at Antakori Copper-Gold Project, Peru https://ceo.ca/@marketwired/regulus-resources-announces-agreement-with-corescan $REG #copper
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from #index,
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@PamplonaTrader Sold the shs I bought in the $4s when the resource came under my expectations. Tax losses to harvest against the tiny gains I've made on NXE since buying in the $0.30s. I get to buy again early April.
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from #nxe,
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@PamplonaTrader "They" as in the royalty and streaming companies?
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from ~zinc,
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@PamplonaTrader IIRC 2015 was a hyperactive year for royalty and streaming deals.
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from ~zinc,
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@EricTheActor LOL @PamplonaTrader. "Tiny gains since buying in the $0.30s", yeah right!
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from #nxe,
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@B1984 @PamplonaTrader I'm wondering if you could share why you think the RE2 came under your expectation? Is it a reflection on the amount of uranium at arrow ? Or was it more what they decided to include in it and the RPA assumptions? Or was it miscalculations? I'm trying to figure out why so many ppl including myself came out too high...although I was just guessing haha
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from #nxe,
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@RedsoxFan @EricTheActor I bet @pamplonaTrader meant "tiny realized gains"... :)
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from #nxe,
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@PamplonaTrader Thanks for sharing your thoughts on $REG @HRA-Coffin
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from #index,
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@MiningBookGuy Hi @NickZed, RE: https://ceo.ca/@miningbookguy?2be84e4cd315 -So immediately besides $MOD.AX, you can look at $MTR.L. Both up 10%+ today on no news (which is interesting), but many believe $MTR.L playing 'catch-up' with $MOD.AX right now. good links to analysis in both of those rooms. There was a great post by @PamplonaTrader on various #copper juniors he likes, make sure to see that here: https://ceo.ca/@pamplonatrader?d3cd926ca4eb I am researching many of these right now. If I had to choose from that list, $CDB interests me the most, and an interesting comparison to $MOD.AX / $MTR.L in terms of where they are in the discovery cycle, market cap, etc. $CDB could definitely pop further on great drill results. And then one more that is finally getting some attention and I own a lot of: $MUN is still really small, and there are multiple copper/gold opportunities here. Even with the attention, it's VERY cheap if they discover something 'big', and they have already shown excellent progress in the last few months.
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from @miningbookguy,
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@PamplonaTrader bought some $SAND here with US$4 stop. $SSL
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from #index,
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@PamplonaTrader Was sitting on an order at $0.50 but with bids stacking I said eff it and took out the ask at $0.52.
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from #tk,
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@PamplonaTrader Bought some at $0.50-$0.52 today. Who wants to feed me more shs?
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from #tk,
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@PamplonaTrader just bought another 10k shs at $1.51
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from #reg,
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@PamplonaTrader A favorite of the zinc-bugs https://www.youtube.com/watch?v=U1iCZpFMYd0+
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from #tk,
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@PamplonaTrader shinebox ↗ @ljzaz *HALLIBURTON: REACTIVATING TWICE AS MUCH FRACK GEAR AS EXPECTED $SNS @goldfinger
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from #index,
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@PamplonaTrader picked up some $DV at the open today #silver
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from #index,
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@PamplonaTrader In my view, $TK's Ayawilca, $KAR's Aripuana and $SLR's Bongara are three of the best emerging #zinc deposits in South America and Milpo already controls 70% of Aripuana and Bongara. Milpo, Volcan and others could all make a play for $TK.
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from #tk,
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@internalaudit @PamplonaTrader which of the three comprise your biggest holding and why?
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from #kar,
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@PamplonaTrader @internalaudit I think it's pretty obvious that $TK is (by far) my favorite #zinc play. Ticks all the boxes - blue sky exploration potential, cashed up, location, etc etc. I feel $KAR is sitting on the best deposit as currently defined but they are broke and do not control Aripuana. Bongara is least advanced and in a challenging location, though $SLR / $XPL is cheap given their EV and other assets. #zinc
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from #kar,
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@PamplonaTrader Of the three, $KAR's Aripuana probably gets taken out first (next 12-18 months) but I think $TK will generate better returns.
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from #kar,
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@poolman @PamplonaTrader And lets not forget the targets at zone 3 yet to be drilled, the zinc in soil anomalies map looks quite promising so say the least as you have previously pointed out
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from #tk,
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@PamplonaTrader I picked up positions in several royalty plays this week based on charts. $ALS $SAND $DMLP... also looking to add to my $AMI position.
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from ~royaltiesandstreams,
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@PamplonaTrader Don't like the price action ahead of drill news. Their last NR states that they are expecting to hit target depth near the end of March.
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from #fom,
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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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@PamplonaTrader @MarkITorpedo are you here to derail the CEO.ca $TK thread the way you did at stockhouse? Trolls aren't tolerated here.
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from #tk,
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@MarkITorpedo I am a shareholder of TKRFF and have posted only a few times over at S(hit)House which is a cesspool
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@MarkITorpedo This forum is an excellent group of cheerleaders all talking up the stock and patting each other on the back so more power to us all....
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@PamplonaTrader Rick Rule calls Australian cobalt plays (with scale) an interesting compromise for investors who want to avoid political risky DRC cobalt and "lousy" Canadian cobalt plays. That leaves $CLQ.AX's Syerston and $ARL.AX's KNP. $CLQ.AX's is receiving ~4.5x the valuation of $ARL.AX on a fully diluted EV/lb CoEq basis. The relative undervaluation is more extreme when considering the re-characterization upside at Kalpini and other deposits not (yet) included in the higher grade Cobalt Zones. https://www.youtube.com/watch?v=dlUfA_VNQrg+ #cobalt
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from #arl.ax,
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@AldenTyrell @PamplonaTrader what are your top gold picks right now ? Thanks
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