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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@drilltrackerJust finished reading Smoke Signals Investing. @allan has done a good job of laying out the basics of investing in our business. Intended for investors new to the industry, Allan gives the lay reader the tools to do their own research...While preferring the rifle bullet to the shotgun, there are no silver bullets here. DYODD.
@tommyThe reviews for @allan's first book, Smoke Signals Investing: An Insider's Guide to Finding Junior Mining Stocks Before They Take Off, are trickling in.. This from respected geo @drilltracker:
"Just finished reading Smoke Signals Investing. @allan has done a good job of laying out the basics of investing in our business. Intended for investors new to the industry, Allan gives the lay reader the tools to do their own research...While preferring the rifle bullet to the shotgun, there are no silver bullets here. DYODD."
My kindle copy was only seventy six cents! Here's the Amazon link: https://www.amazon.com/Smoke-Signals-Investing-Insiders-Finding-ebook/dp/B06WGL55F7 congrats stock market commentator, CEO and AUTHOR @Allan Laboucan!
@drilltracker@Brendan@MiningBookGuy I saw the problem with biznoids taking over exploration with BHP in the early 2000's. When they replaced explorers and visionaries like Hugo Dummet, Oliver Warren and Jim Bratt with finance guys in 2000, the exploration department lost its mojo. They had people like me build "risk adjusted NPV models" to evaluate projects instead of geos that had vision to make the next big discovery. When you compare the discoveries in 1980-2000 with what came after is pretty sad. Cannington, Escondida, Ekati, Syama, Mabangu, Rico Dic, Antapacay, Oyo Tolgoi, Prominent Hil, Hope Bay, Spence, Superior, are all world class deposits discovered by BHP, Rio Algom, Billiton, or Magma joint ventures. (Well maybe not Hope bay but maybe one day.) To no bodies surprise, $BHP has made very few (if any..perhaps Angola diamonds) significant discoveries since. #index
@drilltrackerWho wants to wait for results on a 5km drill hole shooting for a layer a couple of meters thick in a zone that is so hot you cannot touch the rock. There is a reason they stopped exploration. Target Sun Mine: "The mine has 24MW of refrigeration capacity for underground ventilation air, helping to maintain the operations at temperatures of below 27.5°C."
@drilltracker@Benjamincox ... interesting article on water. As noted huge issue moving forward. Chile and to a lesser extent Peru; great places to explore for copper but better be prepared to supply your own water. Water not only an issue for processing but for power generation.
@drilltrackerEscondida Water System is designed to provide 2,500l/s of desalinated seawater to lock in long-term water supply for the Escondida mine as it expands, providing greater water security and reducing the company's consumption of non-renewable freshwater.
Total investment will be US$3.43bn split among the partners, with operator BHP Billiton covering its 57.5% share. Apart from the coastal desalination plant itself, the project includes two pipelines, four high-pressure pump stations, a reservoir at the mine site and high-voltage infrastructure to power the system. #mining syndicate
@drilltracker@allan I have a Cannon and it works OK but still causes me grief - usually when i need it the most. Gave up on scanner and bought a single page $50 unit that works most of the time. I have heard that Brothers are more reliable.
@drilltrackerAnyone interesting in a true garbage stock? This US garbage disposal company has been a nice holding for me since it listed in Canada. $WCN Only pays 1% dividend but well covered with room to grow. Only 37% dividend coverage. Already increased dividend twice in last 12 months.
@drilltrackerJust dropped in for a second so cannot continue but my feeling is that only the projects with the best infrastructure (and thus lower risk) will get considered at these grades. Others will try but more 0.30% Cu on the market will put pressure on price.
@BrandonI'm with @drilltracker here. Those low grade copper deposits will start getting developed in the high-infrastructure jurisdictions first. Grade is fantastic to have, of course, but so is a location you can cheaply build a mine, cheaply mine, mill and process ore, and where the locals want you.
@drilltracker$REG. As well, drilling in early March in Peru is very difficult due to the chance of both heavy rains and lightening storms. Both of these things make drilling worth waiting a few weeks. The guys are anxious to go but better safe than pushing to please people waiting for news. I have been caught in huge rainstorms post PDAC looking at projects where rivers cut 20 feet deep trenches in roads cutting us off. If you can detour that is one thing but often you cannot.
@drilltracker@BenjaminCox@90bigpiture Great question and well put together guidelines by Ben. I am doing a comment and run as I am heading out of contact for a week. An additional question is when do the integrated mining/smelting companies in China start buying up the 0.3% Cu deposits. For them it is more about maintaining smelter feed than making money on a mine. Even though there is a serious shortage of quality copper assets held by juniors the majors/mid tiers (codelco, FM) hold a bunch of undeveloped in-situ copper. FM could be a target for a Chinese buyer. If that happened they would have a good pipeline of concentrate feed. #copper#index
@Brandon@drilltracker: for the integrated companies the ambition is total corporate profit, not divisional profit. In that case you have to consider not just how much money the mine will make, but as you say how it will affect the profit margins of a smelter. Smelter margins are tied closely to how close to capacity they operate at, so securing feed in a world where there isn't enough concentrate to go around can justify building what would ostensibly be marginal (or even slightly uneconomic) assets.
@tommyI 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!