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@CriticalInvestor @MadeOfRubber would be cool if Sprott bought a few million shares at the dip
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from #me,
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@CriticalInvestor Does anybody have any idea why this keeps running up?
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from #scy,
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@CriticalInvestor @tommy How much AUM?
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from #index,
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@Picsou @CriticalInvestor other than the mining lease to be received any day, no.
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from #scy,
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@CriticalInvestor How could this be a major catalyst? It's not that they had any permitting issues, it is all capex related
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from #scy,
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@MadeOfRubber @CriticalInvestor Absolutely. Are they already into $ME? I should know the answer but the DD I did was almost a year ago back when I didn't take good notes.
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from @madeofrubber,
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@CriticalInvestor @MadeOfRubber Eric Sprott has a million shares or something by himself
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from #me,
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@MadeOfRubber @CriticalInvestor Geez that I didn't know. Thanks for that info. Would love to be the fly on the wall if Cook and Sprott got together for a beer.
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from @madeofrubber,
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@CriticalInvestor Why is this one breaking down so much? $DBL
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from #dbl,
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@staffpro @criticalInvestor that's it? that's only like $200k? i'm pretty sure some people on this board even have several hundred thousand shares in this company
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from #me,
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@CriticalInvestor No it isn't exactly a core position for a guy like him. Updated economics provide for a much larger NPV over capex, and after tax IRR is well over the 20% threshold at 1200 gold. The only thing is the capex isn't exactly small for a junior.
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from #me,
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@staffpro @criticalInvestor @HRA-Coffin what are the chances or in your discussions with Ian is the goal here eventually to drill the existing resource to prove there is some high grade in there in order to two tier the project high grade first then low grade , long mine life and lower initial capex? - i'm assuming this would all have to be formally announced in an updated NR/PEA?
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from #me,
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@CriticalInvestor Important to me would be a. how much LCE can be recovered per annum per 1000l (or any unit) of brine, and b. how could the regulators verify this method without an independent report, as this is all in-house, proprietary etc
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from #xmg,
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@MiningBookGuy on $CBK, #1 resource to look at, IMO, is @Gianni interview with @CriticalInvestor: @criticalinvestor/a-critical-qa-with-gianni-kovacevic-ceo-of-copperbank-resources I loved it! Really gets into the nitty-gritty, but I'd start there for research, and plenty more videos/articles in $CBK room for more.
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from #index,
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@CriticalInvestor @staffpro I didn't get the impression he saw possibilities in that direction, but he was looking to convert most Inferred into Indicated as they already did most drilling for that. I think he first wants to explore his targets before he thinks about formally updating economics.
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from #me,
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@CriticalInvestor Nice tale, unbelievable they got an actual $19M bid on Ebay for that thing, and even more stunning is they turned it down
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from ~roughingit,
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@CriticalInvestor @Goldenboy7123 About the NR frequency: I already told Jared to limit this as it looks like a circus now
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from #xmg,
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@ggallant @CriticalInvestor unfortunately, @Goldenboy7123 has bet the farm on this one stock! He wants 2 news releases per day! I own shares in $xmg, but damn guys, this is the venture exchange... ie. Canadian Casino! Spread your bets!
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from #xmg,
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@hunter Hat tip to @hra-coffin and @criticalinvestor for reports on $BLS , got me to look anyway, but sat on my hands, darn. I think @resourcemaven was also positive on $BLS. Good to see you were a early buyer @Highheat. Eastern Europe just getting started? Room to run yet?
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from #index,
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@CriticalInvestor The real question seems to be how much more (in)efficient is a fully normalized 0.3% vs. a 0.6% copper porpyry mine (why just singling out Chile)
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from @benjamincox/how-much-will-a-new-copper-mine-in-chile-cost-to-build,
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@CriticalInvestor Why keeps Glencore divesting zinc assets? After the Trevali assets, it looks like it will sell Masa Valverde to Emerita Resources $EMO (after it earned in 100% a year ago and did some drilling in 2016). This is a massive UG deposit of 100Mt @5.2%Zn with a lot of byproducts, my guess would be around 11% ZnEq
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from ~zinc,
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@CriticalInvestor Looks a bit like it: "The Vendor will retain a 2.5% net smelter return royalty on production from the Project and will, at its option, provide offtake for the products."
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from ~zinc,
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@TheGalvanizer @CriticalInvestor have you got your source material for your tonnage projection? I have only seen reference to a vague 100 Mt in a USGS report and nothing much more
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from ~zinc,
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@CriticalInvestor @TheGalvanizer Yes, non-public
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from ~zinc,
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@CriticalInvestor All historic resource data
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from ~zinc,
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@MartinTurenne @criticalInvestor asks a good question re: Glencore selling zinc assets, and @hRA-Coffin provides a good answer. but why would Glencore choose to sell the assets at this particular point in time? Does this tell us anything about where Glencore thinks the zinc price is headed? If they thought the spot price was headed sustainably up from here, wouldn't they hold on to the assets longer? Bit of devil's advocate on my part, so don't get too mad at me, @theGalvanizer
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from ~zinc,
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@CriticalInvestor @TheGalvanizer I'm sure they told everybody when trying to raise, but it was the bottom of the bear market at that point
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from ~zinc,
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@CriticalInvestor And zinc/copper not so hot either
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from ~zinc,
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@CriticalInvestor @TheGalvanizer yes looks like investors want Aznalcollar approval. I quoted from a 2007 report, it mentioned 100Mt with an average grade for all metals separately. The other report mentioned in here seems from 2000-2001. It also quotes a 50Mt resource at much lower grades from 1986. Will ask the company for details, and why Glencore wants to get rid of it. $EMO
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from ~zinc,
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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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@CriticalInvestor Fair point, but I would think Glencore is still cleaning up their balance sheet. And those royalty deals are done by others like Franco Nevada I think, is Glencore buying royalties themselves? Don't follow them closely.
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from ~zinc,
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@CriticalInvestor Aren't streaming deals the most negative for mining companies, with the highest WACC on average? I think I read somewhere that streams (and royalties) are only good for the royalty/streaming companies (except when projects are so risky that they fall apart before commercial production of course)
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from ~zinc,
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@CriticalInvestor @stateside They are about to get drill permits on some of the highest anticipated targets around $MGG
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from #index,
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@CriticalInvestor Lowell tried for years
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from #index,
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@racker @CriticalInvestor Think that's "year" not years. Santa Marta VMs. Touted as an easy to drill and kill project.
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from #index,
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@CriticalInvestor They told me years
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from #index,
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@CriticalInvestor Maybe related to a certain place Jared went yesterday
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from #xmg,
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@CriticalInvestor All classified of course
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from #xmg,
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@CriticalInvestor Would be lame if they did a TH on just that
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from #xmg,
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@CriticalInvestor If $ION can get this much traction on this kind of news, better hide for $NGZ then - long
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from #index,
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@CriticalInvestor Not sure why IIROC wanted a TH for this, according to Jared these leases are worth a lot more than the other claims as they could develop their own O&G fields for example, but still not TH material to me
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from #xmg,
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@Fainting @CriticalInvestor was thinking the same thing.
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from #xmg,
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@CriticalInvestor @touquoy Atlantic is a very promising developer, but that SA author has no clue how to value a developer (since when do forward earnings mean anything in mining?), doesn't seem to know about the hedge and doesn't have any motivation for his price target (as usual). So I would look at the rising POG here as a cause for the rise. Just my $0.02
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from #index,
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@CriticalInvestor @ocotilloredux Don't patronize Grosso please;)
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from ~zinc,
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@Excelsior @CriticalInvestor - That's Blue Sky Uranium Group. I actually like the Grosso group's work on their silver project under Golden Arrow in Argentina. It was Midnight Oil that had the song Blue Sky Mine #CeoFM https://www.youtube.com/watch?v=Ofrqm6-LCqs+
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from ~zinc,
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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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@CriticalInvestor @tommy Always happy to assist anytime
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from ~zinc,
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@CriticalInvestor @BenjaminCox A question, as you work for a provider of mining equipment, why are you involved in these subjects of determining if and when certain reboot projects etc are viable or not? Is this because Outotec delivers on long time repayment schedules, possibly against collateral, so it has to assess like first lien debt providing banks almost?
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from ~mining syndicate,
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@CriticalInvestor @EpsteinResearch Peter, why did you find this report positive, and why should it have generated a market uptick? To me they still have to start drilling anyway.
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from #wml,