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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.
@staffproI emailed "any updates on drill campaign?" To IPeres@monetaporcupine.com on Wednesday last week (May10th) I got an answer on this email from Ian pre pdac once, but no reply to most recent email
@staffpro"The Company is planning to update its 2012 Preliminary Economic Assessment and NI 43-101 resource estimate by the
end of this year. The resource update will include the results from the 2017 drill program as well as the 50,000 metre
infill drill program that was completed in 2013/2014 to upgrade a significant portion of the Inferred ounces to the
Measured and Indicated category." - i will buy everyone here a beer if that actually happens
@staffpro@wannabeinvestor$CCO$NXE$BHP if all the experts say the cost to mine is north of 65$ all-in why is anyone mining why isn't everyone just buying spot? Suitors and current producing companies included.
@HighROI@staffpro you have been for a while a complete troll on NXE. Cameco's undeveloped reserves are a billion pounds of marginal U. McArthur River and Cigar both now have the same risk and challenges mining in the sandstone and are declining orebodies with significant capex requirements going forward - read the 43-101s and the tax liability case to boot. I would bet that the business case makes more sense developing Arrow than in many cases investing in the sustaining / developing capital at these mines.
@MiningBookGuy@staffpro RE: https://ceo.ca/spa?fde2bbcdb666 - i don't think this is specifically relevant to $SPA & $ME. But in general, I do think this is a positive for the gold sector going forward a year or two, as #SouthAfrica#supply disruption should have medium term impact on the market (but there's also a hidden assumption that the 'physical' market will become a bigger factor in the price of gold, which I believe to be true, but not everyone does)
But I would say this is even more positive for #PGMs, as #SouthAfrica is even more influential in that space. That's something to think about as well. But I'm glad you caught this news, as a lot of people tend to underestimate the significance of #SouthAfrica mining on the rest of the world (though it was much, much more influential ~40 years ago). #Africa
@bullmarketmoveHey @staffpro I agree with @MiningBookGuy but I've also noticed that this kind of news always seems to make a bottom of some kind (in hindsight of course). I remember at the end of 2015 there was an article about rio tinto and them being forced to sell a lot of assets etc and I remember thinking, things are always darkest before the dawn. Anyway, just an idea I've been thinking about, thanks for your question.
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anonymousProbably @staffpro had enough and is dumping his shares :)
@staffpro@TheNextBigRush how if Kazakhstan ISR uranium aisc are around <$20 last time I looked. (someone correct me if i'm wrong) $NXE$CCO ... it's like oil in Saudi Arabia put a straw in the ground and you pump for <5$/barrel
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@TheNextBigRushIf the Kazakhs were happy with this price range, they wouldn't be cutting back production or stockpiling in Switzerland.