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@FundamentalAnalysis@MiningBookGuy Agree on that....they have to much capital to be bothering with small companies for the most part....it doesn't move the needle especially very small explorers, but there are specialist vehicles around who get involved with explorers.
@MiningBookGuy@FundamentalAnalysis - yes, it's true there are specialist vehicles. i would say it's still extremely inefficient.
here's perhaps a crazy parallel: i've read some fascinating books on how the futures/options market evolved in the 1970s, going into the 1980s. It was no 'sure thing' at all that Chicago would become of the center of this activity, but it did.
I think an argument can be made that exploration/discovery has been in the same 'phase' that futures/options were back in the 70s to early 80s. by the mid 80s and 90s, that whole market really matured, and within the last decade, it's completely uninteresting to me as an independent speculator (though there are plenty of individuals that make money from it, like Peter Brandt)
Anyway, there is nothing like this is exploration/discovery, and maybe there never will be, because it is so specialized and depends on factors that can't be 'computerized'. just some off-hand thoughts...i should definitely do at least one early futures/options book review on youtube, i've got some books that were eye opening in this regard
@Spire@MiningBookGuy Thanks for sharing the developing story in #Tanzania! I am invested in Shanta Gold $SHG.L which is a nice (imo strongly undervalued) small Au producer (~85koz pyr), with low AISC and impressive positive cashflow. Am busy editing a nice research-article on this company, due to post somewhere in the not-to-distant future ;-).. Obviously the current developments aren't helping this company getting re-rated
@MiningBookGuy@Brandon - that all sounds great!
Do you get the impression that Asian (Hong Kong or nearby) investors are far more interested in juniors ( #zinc or any commodity) than they were a year or two ago? Anyone discuss the 'big picture' view of new money coming into the sector?
@Brandon@MiningBookGuy: there's definitely renewed interest. I'm seeing a lot more investor engagement right from family offices right through to mining companies. Zinc is a particularly hot commodity right now, but I still feel it is not a story that resonates with 100% of investors here. Some are really focused on things they already understand and don't want to be sold on the broader zinc story
@MiningBookGuy@freeheel RE: https://ceo.ca/mod.ax?50fe176bd1a4 - more fantastic news for $MOD.AX$MTR.L! thanks for sharing...in my mind, this increases the chances of 'good drilling results' prior to the event :)
btw, i forgot to respond to your EXCELLENT post on the high-grade intersections here: https://ceo.ca/mod.ax?f2c5b00d78f1
I should read this more carefully soon. I just wanted to add that it's important for people to realize the PFS may show the option of an underground mine vs open pit. I believe these ultra-high grade intersections allow for that possibility. And it may become even more interesting if we see further intersections like this directly below the current T3 deposit.
But again, thank you for compiling some of the most spectacular intersections. It's something I will reference to others in the future for sure :)
@MiningBookGuysometimes it's hard to tell when people are joking...there are #newbies on here who have no idea which regular 'commentator's have credibility at CEO.CA.
@Vaughan - nope, people pretend to be serious or not here. this is how 'fake news' spreads. better to set things straight sometimes
@Vaughan@MiningBookGuy isnt making comments based on personal feelings @Allan, but rather the quality of someones "recommendations" for the sake of newer users. Someone who hasnt been here might think @nobshere actually influenced @dirkdiggler to buy, which wasnt the case. I think bob moriarty convinced the both of them. $core
@MiningBookGuy@drezinho - thanks for checking that out.
personally, I DO care very much who makes noise, and how they make noise. $CORE is fairly unique in that it seems to have the fundamentals and hype machine going full blast at the same time.
i follow track records closely at CEO.CA...i think it's valuable to know who/why something is moving.
@drezinho@miningBookGuy Point taken. I meant to give props to @dirkdiggler for generously sharing his DD before himself taking a position. I happened to take a starter position in $CORE the day before but haven't been able to increase my position since the run began. Whereas Dirk shared material info, @nobshere simply announced (multiple times) his position, so you be the judge.
@MiningBookGuy@drezinho - it's all valuable...i was just being a 'stickler' for differentiating between the two...mr. nobs has "simply announced (multiple times) his position" on many, many dogs...but it doesn't mean he's wrong on $CORE :)
@MiningBookGuyDrilling Extends New Zone of Mineralisation below T3 http://www.asx.com.au/asxpdf/20170330/pdf/43h4rqs2c0ybkv.pdf$MOD.AX$MTR.L#Botswana#Copper#DrillPlays~AUfrica#index
- ~700m long zone of disseminated mineralisation (‘Zone 2’) below current T3 resource
- 72.6m @ 1.5% Cu and 27g/t Ag (released 6 March 2017) located in core of Zone 2
- Assays required to determine grade of Zone 2 and Zone 3 disseminated intersections
- Sufficient drilling completed to enable potential resource upgrade and expanded PFS
- Sample preparation facility to be installed on site to accelerate assay turnaround
LOTS of assays coming! make sure to check the excellent visuals in the NR. #loadup?
@MiningBookGuy@Dunite RE: https://ceo.ca/mod.ax?cd0d2df7c726 - for clarification, that placement was increased to ~4.3M pounds today. And it's for $MTR.L, the 30% holder in the JV where the T3 deposit is located.
There's some more info in the $MTR.L room. Mainly wanted to clarify in case others were interested in $MOD.AX and $MTR.L, and comparing them as potential speculations. The placement is very positive for both companies and general interest!
@DuniteThanks for the clarification on the increase. Even so on the Hot Copper Board where I was a few minutes ago for MOD. t I would say they are a little more than just happy! Sadly, I did not follow your lead and purchase MTR. Thanks @MiningBookGuy for the tip on MOD.
@JayfireAnd if we want to break it down further, in this case, "we all lost money on Northern Shield" can be confined to @MiningBookGuy and myself, as @TheNextBigRush still holds shares, is sitting on unrealized paper losses and hasn't actually "lost" any money yet... Fabi, you're holding out for $15 and for the next big rush of investors to flood into $NRN before selling, right? :) $NRN#mbgtrends
@MiningBookGuythanks @Dunite! but timestamped for the record: $MOD.AX price is down a bit right now, i'm seeing 0.079 AUD with my delayed quotes. Who knows, might be an opportunity with a short-term pullback! I have no plans to sell my shares with all these upcoming assays, AND commencement of drilling on other parts of the massive land package (which is mentioned in this NR). The fun is just getting started!
@stateside@MiningBookGuy - $WAF - and this in from M-5 - the low grade deposit, not M-1 that has the spectacular higher grades. It looks like the high grade underground potential at M-5 and M-1 my tie together.
@MiningBookGuyupdate - lol, $MOD.AX pullback has been fulfilled more quickly than I expected, ending at 0.072 AUD for the day. I'm sure this is turning into an ugly short-term chart. And I have to admit there wasn't 'that much' in this NR last night...
BUT, anyone following this story needs to keep in mind the 'big picture' is not only intact, but it looks like it's going be to be super-charged! Huge money raised (right now well over 15M AUD in the bank), assays pending for plenty of results in the coming weeks, reporting will become even more regular with the new local sample preparation facility, moving on with exciting #exploration on other parts of the property, and (very) importantly, this message from @freeheel yesterday: https://ceo.ca/mod.ax?50fe176bd1a4
World Copper Conference 2017 April 3-5, see the following links:
April 4th agenda screenshot: http://cdn.ceo.ca/1cdpu7t-Screen%20Shot%202017-03-30%20at%207.32.46%20AM.png+
Notice that Jacques Janse van Rensburg from $MOD.AX is presenting right before Jason Ward from $SOLG.L. Maybe I'm a bit too excited about this. But this conference is a BIG DEAL, very high profile, and $MOD.AX is definitely going to be a showcase...the timing of further results and high-profile exposure couldn't be better! $MOD.AX isn't at $SOLG.L level yet. But people are going to be talking about the few, 'big' #copper discoveries going on right now. And I think $MOD.AX (and $MTR.L) will solidify it's place even further with this event. I'm hyped up about it, but no one should underestimate it's importance either. I will even copy the 'about us' page for effect:
[Nearly 500 senior executives, including the most influential #copper market, will convene at this crucial inflection point for the Copper industry. Delegates and speakers at the CRU #WorldCopperConference are amongst the most knowledgeable participants in the market and an important source of opinion on the myriad of issues that could influence the market.
The three-day conference is widely regarded as the leading copper conference and regularly attracts nearly 500 delegates from 40 countries. Our international attendees represent the complete copper value chain from miners, to smelters, traders and end-users.]
So make sure to keep this all in mind as the $MOD.AX share price pullback is coming. I don't plan to buy anymore shares...but I'm certainly NOT selling here ("buy right sit tight!"). And I think anyone interested in $MOD.AX should take a hard look at $MTR.L, which is still a very interesting arbitrage opportunity, and a huge leg-up with #Sprott (Rick Rule) involvement. Both companies cashed up...this is all coming together and the story is just going to get bigger...just a matter of how big! #WorldCopperConference#copper
@MiningBookGuy@racker (or anyone) - is it common to have a 'target' price, and then say it 'could' reach a multiple of that price, in a report like this?
i rarely look at these. $IVN very high profile. within the summary, clearly C$10 'target', but 'true economic value' of C$30 used multiple times with 'could' (and this is just the summary).
sounds more promotional than i would have expected, but i don't know if it's common.
@DJSHi @MiningBookGuy IMO, this "report" heavily discounts $IVN'a negatives and likely prices perfection into its (many) positives. Put another way, if all the negatives go away and Cu and PGM prices go to the moon and stay there, and if the mines are built and operated flawlessly, and if further dilution can somehow be avoided, then the cash flow from $IVN's mines over their full lives would support $30/share. If you look at it that way, given $IVN's otherworldly discoveries then $30/share might even be a bit light, but that's the point -- the world doesn't work that way. Don't get me wrong; I'm very long $IVN and have full expectations of selling it at some point somewhere in the double digits (hopefully closer to $30 than to $4.50), but to me this Bernstein promotion smacks of the type of blatant promotion that can sometimes plague the AIM. At a minimum, if Bernstein is going to throw around a number like $30/share today, they should provide a more detailed breakdown of how they are able to visualize that.