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@drilltracker Having lived and worked in Africa for 10 years in the 1990's doing political due diligence as well as geology, I shudder to think places like the DRC could take yet another step back. No system works for everyone but the Dodd-Frank Act helped to protect the weakest. http://www.cbc.ca/news/world/trump-conflict-minerals-congo-1.4025968
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@drilltracker @Edp007 hard to believe Chuck Berry's first (and possibly only) gold record was "My ding a Ling". #CEOFM
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@drilltracker Looking up my favorite Chuck Berry cover and came up with this. WTF!?? https://www.youtube.com/watch?v=-pMwfoEX7wM+
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from #ceofm,
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@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
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@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.
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from ~mining syndicate,
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@jhm Looks like infrastructure in Cajamarca has suffered some damage due to flooding and landslides so @drilltracker is totally correct that patience is a virtue here and I hope that victims in Peru find some respite soon http://larepublica.pe/sociedad/857832-mapa-interactivo-muestra-cifra-de-muertos-y-damnificados-por-lluvias-en-el-peru
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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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@drilltracker @BengimanCox...In a meltdown a good bottle does well also.
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@drilltracker A good hedge for Ben would be buying the silver coins now. If you lose (economy tanks and $NXE along with it) you may just have bought Ag at a lower price... and get to keep a coiple of ounces. If you win you have about 6 ounces of silver and a few bottles.
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@BenjaminCox @drilltracker I am long silver, its gold that's silly.
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@drilltracker BHP-Utah used underwater tailings disposal at Island Copper Mine off the west coast of Vancouver Island. In spite of the fact that in some ways it is a relatively environmentally benign method to dispose of tailings, it would never get permitted again. Underwater "dust" is a problem for filter feeders and general passerby's.
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@drilltracker Glencore has thier own agenda. Glencore's Partner Disappears Without Trace in Quebec Issue 54, September 2013 Shares in Donner Metals fell 80 per cent on Tuesday after the company relinquished its 35 per cent interest in the Bracemac-McLeod zinc and copper mine, Quebec, to joint-venture partner Glencore. Operated solely by Glencore, production at the mine began in May, but drilling commitments, lower than forecast mined grades and Glencore’s right to use the mill to process ore from its nearby Perseverance mine has stalled cash flow to Donner. Three drill rigs are in operation at the mine, despite existing reserves of 3.7m tonnes grading 9.6 per cent zinc. Donner failed to meet its monthly working capital obligations to Glencore in August and has missed payments to streaming group Sandstorm, which has sold Donner’s interest to Glencore rather than carry its commitments. Donner is not the first of Glencore’s junior partners to drop quietly into the crusher. Shares in London-listed Zambezi Resources and Zanaga Iron Ore have both slumped towards worthlessness as Glencore has made tentative progress as operator of their tenements whilst publicly talking down its intent to invest in early stage projects. In both cases, Glencore has 50 per cent at the project level plus one share.
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from ~zinc,
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@ocotilloredux Hey @drilltracker Here's another Glencore story for you. Sorry for the length but the Australian has put the link behind a pay wall now..... Less than three years ago, when Aurelia Metals locked in $158 million in financing from Swiss commodities giant Glencore, Aurelia thought it had secured the ideal funding package. At the time, Aurelia managing director Rimas Kairaitis said the company was “delighted” with a deal that would give the company funding certainty at “low cost”. Instead, the reality has proved very different and could cost the company its very existence. At 10am last Monday, Aurelia learned that Glencore had appointed administrators over it. Aurelia says the appointment is invalid and the fight is now certain to go before the courts. The ongoing saga is shaping up as another chapter in Glencore’s long history of controversial dealings with smaller Australian miners, and will only add to the ruthless reputation that the European commodities giant has forged over decades. In the eyes of long-term observers of Australia’s resources industry, the complete breakdown in the relationship between Aurelia and Glencore comes as little surprise. After all, it’s certainly not the first time that a partnership between Glencore and a junior has soured badly. “They’re a very clever bunch of people who at times would rather a fight than a feed,” says one veteran mining executive. The fight at Aurelia centres upon two convertible note facilities worth a combined $70m. The notes were effectively structured as a backstop for Aurelia as it brought its Hera gold and base metals mine into production. Should it run into problems, as is common in the early years of a new mine, Aurelia would have the option of converting the notes into Aurelia shares and bringing relief to its balance sheet. As it turned out, the first two years at Hera were a struggle and the mine only became cashflow-positive in July. The stage was set for Aurelia to convert the $70m Glencore debt into Aurelia shares. While the dilution to existing shareholders from the conversion would be painful, it would be limited by the fact the notes would convert at a minimum price of between 24.4c and 25.6c a share (Aurelia was trading at 21c a share at the time). Before it could convert the debt, however, it was hit with a notice of default from Glencore. The validity of the default notice was immediately disputed by Aurelia, but the motivation for Glencore to issue the notice was obvious: a default event by Aurelia was a condition that would prevent it from converting the debt into shares and compel it to instead stump up cash or lose the mine. The notice came despite Aurelia having more than two months until it was due to make any scheduled repayments to Glencore. Apart from potentially cutting off the debt conversion option, Glencore’s move had another negative impact on Aurelia. Its share price plunged in the wake of the announcement of Glencore’s move, falling from 21c to just 6c, and making any effort by Aurelia to repair its balance sheet through an equity raising far more dilutive and difficult than it would have otherwise been. One banker who has watched the events closely is in no doubt that Aurelia has been hard done by. “It’s a case of a major riding absolutely roughshod over a junior and trying to use their balance sheet to screw them over despite having an unambiguous deal,” the banker said. “It’s a disgrace.” The events at Aurelia have stirred memories of other deals that have ended up going badly for the local party. The pain being felt right now by shareholders in Aurelia may feel familiar to those who held shares in the likes of Blackthorn Resources, Indophil Resources, Precious Metals Australia and Anaconda Nickel during their dealings with Glencore or its old mining arm, Xstrata. The banker for his part is in no doubt about Glencore and its ruthless approach. “They are absolutely brutal, and I say that because it’s happened too many times now,” he says. The story of Precious Metals Australia and Xstrata was one of the more controversial from Australia’s mining industry in recent years. PMA was the junior partner in the Xstrata-operated Windimurra vanadium mine, which was suddenly closed and dismantled by Xstrata — driving vanadium prices higher and significantly boosting the profits of its South African vanadium mines but leaving PMA without cashflow. The move by Xstrata was described by then-Western Australian politician Ross Lightfoot as an act of “commercial banditry”, and a court ultimately found in favour of PMA in their subsequent dispute. Blackthorn Resources, meanwhile, has always spoken positively about its relationship with Glencore and continues to do so. But former shareholders in the company view the company’s experience differently. Glencore came on board as a high-profile partner at Blackthorn’s Perkoa zinc mine in Burkina Faso, bringing clout to the venture. The giant decided to add another circuit to the processing plant to make it capable of also recovering lead and zinc, but the plan cost more than expected and failed to preform, leaving Blackthorn facing a cash call it couldn’t meet in order to cover its share of the costs. Blackthorn ended up striking a deal with Glencore to walk away from the project. Those episodes are all lost in the shadows of the bigger controversies of Glencore’s past — its founder, billionaire trader Marc Rich, was indicted on charges of tax evasion before being controversially pardoned by US president Bill Clinton on his last day in office, while the company’s early history includes dark episodes involving oil trade with Saddam Hussein’s Iraq and with Iran during the Iran hostage crisis. Glencore’s move to list in Britain in 2011 had been seen as a turning point for the group, and the transparency of listed life had helped reduce some of the mystery and mythology that had historically surrounded the group. But public life has been a humbling experience for Glencore. Its shares are down almost 75 per cent since their debut, and the company last week bowed to pressure from ratings agencies and confirmed it would carry out a $US2.5 billion ($3.5bn) share placement and suspend dividends as part of plans to repair its balance sheet and pay down debt. The squeeze being felt by Glencore may help explain the hard-line approach it has taken to Aurelia. If nothing else, the Aurelia episode shows that the famed ruthlessness of Glencore’s past has not disappeared amid the increased transparency of publicly listed life. “I would not like to be in the other guy’s shoes, put it that way,” says one lawyer who has seen Glencore in action. “They are smart and hard and tough. And they would not do anything by accident.”
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from ~zinc,
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@drilltracker Surely the Buckreef deposit in Tanzania must hold a record for the length of time the multitude of companies were going to put it into production.
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@nobshere @drilltracker For sure....:)))
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@drilltracker Nows your chance to ride the Whistler Fondo http://cdn.ceo.ca/1cdvo58-ebike.docx
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@tommy Good evening, Here are my notes on the zinc story I mentioned last Saturday… It’s also a gold, tungsten, Tyler Rice and Steve Letwin story. Not to mention CEO.CA’s first sponsor of 2017! I’ve done what I can on the due diligence (vetted that the people are serious). I would love some financial or technical tire-kicking from this esteemed panel. I haven’t forgotten about my promise to make a donation in the ~zinc panel’s name. $1000 will go to the registered charity of your choosing in recognition for your quick comments on this story. I want to hear from @ocotilloredux @drilltracker @hra-coffin @robmcleod @pamplonatrader @benjamincox @Brandon @90bigpicture @tim_oliver @criticalinvestor @thegalvanizer but I’ll take what I can get. Thank you guys… #index
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from ~zinc,
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@fb $SNG announces PP at 20% discount current prices. Any comment is highly appreciated about the geology or the management who owns 20% of the shares of which 50% is free float. @drilltracker
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from #index,
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@EvenPrime [[[ 2017 Stock Picking Contests Updated April 7th, 2017 ]]] NEW: [[ First Quarter Contest Results: @evenprime/the-ceoca-stock-contests-first-quarter-results ]] --------------------------------------------------------- #Stockpickingcontest Highlights: @PamplonaTrader takes the lead with ($NXE 38%, $TK 229%, and $CIA 142%) 74% of portfolios are positive 59% of portfolios are above 10% return 37% of portfolios are above 25% return https://astronomerb.github.io/CEOtable/stockpickingcontest.html --------------------------------------------------------- --------------------------------------------------------- #BonusPickShowDown Highlights: 65% of portfolios are positive 57% of portfolios are above 10% return 47% of portfolios are above 25% return https://astronomerb.github.io/CEOtable/bonuspickshowdown.html --------------------------------------------------------- --------------------------------------------------------- #Safeststockpickingcontest AKA #Safest2x-Bagger Highlights: 96% of portfolios are positive 71% of portfolios are above 10% return 50% of portfolios are above 25% return 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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@drilltracker @Dano. Not necessarily lower Cu going to tails. I will use the example of a nickle deposit with 0.1% silicate nickel. (nickel tied up in silicate minerals and thus not recoverable) If you had a higher grade section of a nickel deposit and a lower grade section they often will have the same amount of silica encapsulated Ni in both parts of the deposit. Thus the amount of Ni going to tails does not necessarily differ. I have seen the same in the Congo where some tails have 1% Cu tied up in mica. Nothing you will do will recover that Cu.
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from ~mining syndicate,
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@DanO @drilltracker @pamp Agree but that is metal encapsulated in another mineral. Ben's line of thought was along the lines of they lose part of the recoverable copper to the tails. Btw if the guys in your examples report total copper w/o telling the public the real recovery that would be really wrong
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from ~mining syndicate,
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@drilltracker The Cu project in the Congo (can't remember the name) is an old pile that the mica content is well known. I, like I am sure many before me, was impressed until I found out the story. At the time we were looking at the potential of the old dumps and wondered why it was just sitting there. The old timers knew.
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@drilltracker The Cu project in the Congo (can't remember the name) is an old pile that the mica content is well known. I, like I am sure many before me, was impressed until I found out the story. At the time we were looking at the potential of the old dumps and wondered why it was just sitting there. The old timers knew.
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from ~mining syndicate,
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@drilltracker Gotta love the $IVN Cu cut-off grade on today's drill hole. 8.86 meters of 5.83% Cu using a 2.50% Cut-off grade (mind you at 428 meters depth). Gecamines dogma destroyed by Freidland, Dave Broughton et al. "There is no Copper west of Kolwezi...it is the wrong statigraphy" - Head of Gecamines ....1992 #copper belt tour.
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@EvenPrime [[[ 2017 Stock Picking Contests Updated April 14th, 2017 ]]] --------------------------------------------------------- #Stockpickingcontest Highlights: 1) @raymipo - 127% 2) @PamplonaTrader - 126% 3) @rjunior - 118% 36% of portfolios are above 25% return 60% of portfolios are above 10% return 74% of portfolios are positive https://astronomerb.github.io/CEOtable/stockpickingcontest.html --------------------------------------------------------- --------------------------------------------------------- #BonusPickShowDown Highlights: 1) @LucTenHave $AU -347% 2) @bedrag $PKK - 220% 3) @IronMan07 $MMJ - 175% 45% of portfolios are above 25% return 55% of portfolios are above 10% return 66% of portfolios are positive https://astronomerb.github.io/CEOtable/bonuspickshowdown.html --------------------------------------------------------- --------------------------------------------------------- #Safeststockpickingcontest AKA #Safest2x-Bagger Highlights: 1) @LucTenHave - 163% 2) @LucaBrasi - 86% 3) @CriticalInvestor - 60% 61% of portfolios are above 25% return 71% of portfolios are above 10% return 96% 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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@Edp007 @drilltracker just saw your Chuck Berry comment...yes totally ironic..esp considering his legal issues with his ding a ling at that lol
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from #ceofm,
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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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@drilltracker What about Zen and the Art of Motorcycle Maintenance (niche market)
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@0Kib That Robert Pirsig classic is a great book but very tough to understand @drilltracker Robert if I recall had an IQ that was off the charts. I recall the book begins with a powerful Greek quote that I still remember, "And what is good, Phaedrus, and what is not good, ...need we ask anyone to tell us these things?"
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@drilltracker @0Kib...I first read Zen and the Art on a bicycle trip through the Rockies in the 70's. It changed the way I look at things. Did I understand it? Not really, but I have read it at least three times since. I am a slow learner. #Index
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@drilltracker @0Kib...I first read Zen and the Art on a bicycle trip through the Rockies in the 70's. It changed the way I look at things. Did I understand it? Not really, but I have read it at least three times since. I am a slow learner. #Index
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@drilltracker Like him or not, never pass an op to see Robert Friedland
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from ~mining syndicate,
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@drilltracker @Brandon et al. I often found the transition between the tree tine and the bush the worst. 1983 at Trapper lake fly camp with young Gernot we were soil sampling compass lines that were put in over a magnetite scarn. If we ever found the lines, we had to crawl down through 5-6 feet of juniper to try to scratch out a bit of soil out of the surface (no decent B horizon). All the time also in the transition zone between black bears and grizzlies. I have to agree with @Dano, west coast salal forrest in a pick up stick array of deadfall is brutal.
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from ~roughingit,
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@drilltracker My classic Friedland moment was when he showed a photo of a stainless steel toilet in China. "one you have had this you are never going back to a hole in the ground" You have to admit, there is some truth to that.
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@0Kib Pirsig's publisher's recommendation to his board (after the book had been rejected 121 times), "This book is brilliant beyond belief, it is probably a work of genius, and will, I'll wager, attain classic stature." ...right he was @drilltracker
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@drilltracker The odd thing is when we mentioned it a few nights ago i turned around to my bookshelf and brought down my original copy down. It is covered with clear cello tape to preserve the cover when it was in my panniers on my bike trip. Now that I am retired and have time to focus on quality of life instead of the hectic life as a geo on the road, I guess it is time to give it another read.
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@drilltracker BTW...I am alos long $ERD. My favourite gold story right now.
2
from @0kib,
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@0Kib It still feels spooky that he died shortly after that discussion here. Almost like the universe knew already in a queer way. Reminded me of this David Lynch (Twin Peaks / Mulholland Dr. fame) quote: "I think that ideas exist outside of ourselves. I think somewhere, we're all connected off in some very abstract land. But somewhere between there and here ideas exist. And I think the mind isn't conscious enough to go all the way to where we're connected, but it's conscious of a certain amount of that territory. And when these ideas fly into the conscious part, then you can capture them. But if they're outside of the conscious part, you don't even know about them. So you just hope that you can make the conscious part of your mind bigger or that these ideas will fly into your airspace, so you can shoot them down and grab them and take them home. So that's all you try to do. Sometimes an idea will strike you when you're sitting in a quiet chair. But sometimes an idea will strike you when you're standing. Sometimes music will also help you. If I thought I could just sit still in a quiet place and get ideas, I would do that all the time, but sometimes nothing happens. There's no rhyme or reason to it. But you've got to write them down right away. I forget so many things. Then if I forget it and try to remember it, my whole day is ruined because I can't remember and I feel horrible. And I imagine that it was one of the all time great ideas. And it probably isn't."
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@drilltracker I agree, there are many things that our tiny brains do not understand. I hate to sound like a spiritual flake but coincidences happens to me a lot that are hard to understand. I read the Celestine prophecy and it spooked me because i agree that the chances of coincidence are difficult to relate to scientific reality but they happen and shape our lives. I am not a religious person at all but I have a belief that there may be something spiritual that we just do not get. Karma takes many forms. I just hate when it becomes dogmatic religion. Another book i read in the 80's was the dancing Wo-Li masters. A First year physics textbook written by a philosopher with no math. Compared partial physics to the Zen idea of the one. Very interesting in that we are all just protons and elections in different arrangements. Zen and the art was an eye opener to me when I first read it in very subtle ways. I am on page 22 of read 5(?).
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from @0kib,
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@PamplonaTrader I stopped tracking after @drilltracker raised the issue of metallurgy.
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from ~zinc,
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@drilltracker @Excelsior @PamplonaTrader My issue with the $CZX met is as noted it is ultra fine grained but most importantly, in the 10 years they have held the project and have been putting out resources they have not released any metallurgy. If they thought the metallurgy was manageable would they not publish the results?
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from ~zinc,
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@Excelsior @drilltracker - Thanks for putting some color around the concern of the fine grained nature at $CZX. Is that fine grain for all their properties (including the ones optioned to $Teck and #KoreaZinc - Circue East, Pie, and Yuen North; or just their Akie deposit?) That is a good question to find out why little to no metallurgy has been done after such extensive exploration. Do you feel there may be hidden concerns and maybe they've been dodging that issue? Wouldn't Tongling Nonferrous Metals Group have reviewed that before becoming a strategic investor? At the 19 min 20 second mark on this Video he discusses their "Clean Concentrates" (no deleterious elements like Mercury or Manganese) and their plans to do more metallurgical testing in Q2. #SwissMiningInstitute (22/03/17) : Peeyush Varshney – Canada Zinc Metals CORP. https://www.youtube.com/watch?v=I5M70zHJIVc+
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from ~zinc,
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@drilltracker The only property I have visited is Akie so I will reserve comment on the other projects. Metallurgy has been coming next quarter for a very long time. Perhaps I am being over cautious but metallurgy is one of my biggest potential red flags.
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from ~zinc,
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@Excelsior @drilltracker - A valid point for sure, and I appreciate you raising it. How would they know there isn't Mercury or Manganese in the metal if they hadn't tested it though? Peeyush mentioned in that recent corporate presentation (linked above) that they have done metallurgical testing. They also have Zinc producers and smelters working with them, and it would seem they have some confidence in the other projects. I guess we'll have to see how things shake out with the metallurgical work they do this quarter and see where the chips fall.
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from ~zinc,
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@DanO Gave @drilltracker a couple of thumbs up. I think the same. Listen, you drill and you find something. You're happy and finish the 1st year on a high note (sp, easy to raise capital). You owe it to your shareholders to do met work no later than the second year. Why raise and spend more money (drilling etc) on something that cannot be economically recovered? You have to find that out ASAP. If you're not doing that AND you are dealing with a type of deposit or mineralization that might pose problems down the road then this is a big red flag imo. This is a general comment. I have not have a look at $CZX.
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from ~zinc,
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@PamplonaTrader Appreciate your comments @drilltracker and @DanO
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from ~zinc,
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@Brandon Fair enough, @drilltracker. I have kind of felt that first step is resource then prelim metallurgy is next before you try to upgrade that resource.
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from ~zinc,