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@teevee I see a militant, hard core left wing labor party won the west Australia election, one of the most important mining jurisdictions world wide. I expect there will be lots of folks hitting the sell buttons on any mining stocks with assets there.....so where will mining investment capital move to? https://thewest.com.au/politics/state-election-2017/unions-take-credit-for-win-ng-b88412928z
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from #index,
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@dirkdiggler where will mining investment capital move to? There's a robust asteroid belt located roughly between the orbits of Mars and Jupiter @teevee. $gold $gdx
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from #index,
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@Brendan most of the aussie golds are up a lot today @teevee
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from #index,
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@teevee @ocotilloredux Why do ozzies in Queensland call their tinnies xxxx?.....because they can't spell PISS:-)
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from ~zinc,
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@ocotilloredux I actually found XXXX in Maui this year @teevee. I bought Steinlager from NZ instead.
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from ~zinc,
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@teevee @Highheat, no catalyst for $IKM? did you look at the amount of oil in the proved plus probable category in the update and year end report? There is a huge growth opportunity there in light oil. 2017 drilling activity should increase production and convert more oil to proved producing and proved undeveloped. Drilling costs have dropped too. If IKM can develop the new HUGE oil pools, without blowing up their balance sheet, there are stellar growth prospects here.
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@Highheat   @Teevee @T $IKM I just took a glance and saw that like 98% of their production was gas. Then compared them to other small E&P's that I follow in term of debt, share count, production oil vs gas etc. If there is that big an opportunity in oil I wonder why they are not producing it? But no I did not take an in depth look and you would know the Canadian plays better than I teevee.
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@teevee @Highheat, you need to have a deeper look at $IKM. They recently discovered the 3 new oil pools and have drilled only 3 wells. What is impressive, is the implied oil in place. To be conservative, factor in 15% recovery, and that is 90 million barrels recoverable. That should provide lots of production growth, provided they can do it without blowing up the balance sheet.
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@teevee @Highheat, you need to have a deeper look at $IKM. They recently discovered the 3 new oil pools and have drilled only 3 wells. What is impressive, is the implied oil in place. To be conservative, factor in 15% recovery, and that is 90 million barrels recoverable. That should provide lots of production growth, provided they can do it without blowing up the balance sheet.
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@teevee @Brandon, @ocotilloredux, in the metallurgy section, recommendations for a preliminary grind of 72 microns, and a regrind to <15 microns indicates the sulphides are very very fine grained. This looks like an "issue" to me. Comments?
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from ~zinc,
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@Brandon You've basically read everything I have, @teevee, what was in that original metallurgy report has been almost wholly reproduced in the 43-101. I'd note that as you get closer to the vent zone of the deposits the grain size definitely increases and can get reasonably coarse. I don't know why that grind was recommended nor whether we could expect to reduce that requirement.
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from ~zinc,
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@teevee @Brandon, if I recall correctly, it is the fine grained nature of the mineralization that has always been the stumbling block. I am not a metallurgist, so I have no idea if there have been advances in ore dressing that can effectively and economically deal with that issue. I suppose that if metal prices are high enough, most problems can be overcome;-)
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@teevee Call me skeptical that they can delineate 90 million recoverable with 3 wells. I will take a closer look though but in a mature basin 90 million barrels recoverable with any kind of decent flow rates is shocking frankly.
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from @highheat,
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@teevee @Highheat, skeptical? I am saying that I expect 15% of the ~600 million barrels that $IKM added and reported in 2016 as probable in the year end report (oil in place), or about 90 million barrels will ultimately end up as recoverable. They have lots of well logs showing by passed pay and seismic to go off of and have drilled 3 successful wells. Yes, those barrels are now only probable, but I believe that is where the opportunity lies and watching for continued successful drilling will incrementally move those probable barrels in proven, both developed and undeveloped.
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@teevee Paper selling volume spiking as #Goons try to stuff this rally.
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from #index,
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@teevee Not really Batman I've seen this movie more times than Bourne.
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@teevee My post are showing up as teevee not Highheat not sure how that happened #feedback
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@racker @highheat @teevee possible username bug, we'll investigate. By chance were you two sharing links from CEO.CA emails or private channels? Plz log out and log back in in the meantime. Thanks.
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@JamesKwantes That's the one @teevee but I want to bid $1.50 for a dusty copy at a used bookstore :) I know, penny-wise and pound-foolish probably!
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@teevee @JamesKwantes, there was a digital copy for $.75...
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@teevee @JamesKwantes, $NXE has .87 lbs U/share fully diluted and $FCU has .20 lbs/share fully diluted. Pretty much sums up who is the most efficient explorer:-)
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@JamesKwantes Speaks volumes @teevee
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@teevee @Stealinator, I notice the pump for $DYL (Deep Yellow on the ASX), I suggest caution for the following reasons: 1. the stock is $.30/share 2. The Company has successfully raised $752,600 (before costs) through a Share Purchase Plan that closed on 1 July 2016 with subscriptions for 188,150,000 ordinary shares at 0.4 cents per share. On 28 October 2016 an affiliate of Sprott made an initial investment via placement and subscribed for 321,648,376 fully paid ordinary shares in the issued capital of the Company at 0.44 cents per share for gross proceeds of A$1,415,253. Rick Rule and Sprott are making out like bandits on this deal and they have only about 13 million pounds at ~400ppm.....
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from #nxe,
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@teevee @Stealinator, I notice the pump for DYL (Deep Yellow on the ASX), I suggest caution for the following reasons: 1. the stock is $.30/share 2. The Company has successfully raised $752,600 (before costs) through a Share Purchase Plan that closed on 1 July 2016 with subscriptions for 188,150,000 ordinary shares at 0.4 cents per share. On 28 October 2016 an affiliate of Sprott made an initial investment via placement and subscribed for 321,648,376 fully paid ordinary shares in the issued capital of the Company at 0.44 cents per share for gross proceeds of A$1,415,253. Rick Rule and Sprott are making out like bandits on this deal and they have only about 13 million pounds at ~400ppm..... $dyl.ax
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@teevee @JamesKwantes, looks like diamonds could be getting hot again. Indian mining tycoon buys $US 3 billion stake in Anglo, De Beers parent. https://www.prlog.org/12627126-why-did-anil-agarwal-buy-part-of-23-billion-anglo-american.html
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@JamesKwantes Hope you're right @teevee, it's a focus in my portfolio and in the newsletter. Millenials and synthetics are two headwinds for the industry, but supply/demand remains very favourable. There has been so little diamond exploration in recent years and few new diamond mines coming on stream, despite two recent Canadian openings - $SWY Renard and $MPV De Beers Gahcho Kue
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from @jameskwantes,
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@teevee @JamesKwantes, something stirring at Kennady Diamonds too: Kennady forms special committee to consider options 2017-03-17 21:13 ET - News Release Mr. Rory Moore reports KENNADY FORMS SPECIAL COMMITTEE TO EVALUATE STRATEGIC ALTERNATIVES Kennady Diamonds Inc.'s board of directors has formed a special committee of independent directors in response to discussions with certain interested parties regarding a potential strategic transaction. The special committee, with the assistance of Minvisory Corp. as its financial adviser and Fasken Martineau DuMoulin LLP as its legal adviser, and the company will consider and evaluate various strategic alternatives to maximize shareholder value, including continuing to execute on its existing business plan. While the company considers all options available to it at this time, no formal offers have been received, and no agreement has been reached with any third party regarding a potential strategic transaction. The company does not intend to make further comment in regard to this process except as required by applicable securities laws or the policies of the TSX Venture Exchange. No assurance can be given that any transaction will be announced. Furthermore, the company cautions that there is no guarantee the company's discussions will result in a transaction or, if a transaction is undertaken, as to its terms or timing. 0
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@Rulingmining @teevee Sprott is looking to do the financing for the next upcoming private placement as well on $DYL
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from #nxe,
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@teevee @rulingmining, Sprott is looking to do the financing for the next upcoming private placement as well on $DYL? Ya, I wonder how much of it will be put into Sprott funds? The banks do a similar thing when they do bought deals with pubco's and then stuff the stock into bank run funds their staff sell to retail depositors. They take fees all the way along, but more importantly, download balance sheet risk onto naive retail investors. Personally, I don't go near anything Sprott in involved in.
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from #nxe,
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anonymous They did well with PDN @teevee
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from #nxe,
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@teevee (---- message edited 6 hours later, at teevee's request by murat ----) some issues with that idea- would need consent of Rio and royalty holders; PTU is near irrelevent, however I doubt Areva, Cameco and Rio Tinto could agree on anything as they all have their eyes on the prize-NXE and Arrow. Assays are likely either just taking time, or are held back because $NXE doesn't want to provide any data to competitors on the other side of the border. Remember that drill results for Harpoon are not considered material under TSX rules so no issue for NXE holding them back.
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from #nxe,
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@PamplonaTrader @teevee not saying this will be easy. In my chat with @HighROI @EricTheActor @SellHigh, I specifically mentioned the fact that all the fingers in the pie make it difficult to negotiate the combination. However, there has been lots of rumors floating around lately and while it's fair to question Cameco, AREVA and Rio's enthusiasm for such a deal, the combination makes lot of sense for $NXE and $PTU shareholders.
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from #nxe,
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@EricTheActor @teevee, do you have a better map of the claims boundaries? From what I can tell, NE (not NW) Arrow drilling is near the S-113933 boundary, but not over it. http://cdn.ceo.ca/1cd2p10-IMG_1962.PNG+
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from #nxe,
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@teevee @EricTheActor http://cdn.ceo.ca/1cd2pav-Screen%20Shot%202017-03-21%20at%2010.38.17%20AM.png+ this shows the boundary straddling $NXE's Arrow deposit and distance with scale to "Harpoon" and PTU-Areva-CCO "Spitfire"...yes, I meant north east.....if you draw a line perpendicular from Arrow to the boundary, it is ~4.5 km from Arrow to NE claim boundary.
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@teevee @ericTheActor, here is a better map. I added the claim boundary and it clearly shows that drilling to the NE is not yet over the boundary. I was wrong about drilling on Arrow to the NE extending over the claim line. http://cdn.ceo.ca/1cd2r5j-Screen%20Shot%202017-03-21%20at%2011.08.02%20AM.png+
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from #nxe,
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@EricTheActor Agreed @teevee. And it just struck me that perhaps $NXE kicked off winter drilling by focussing on NE Arrow extension because they're in a rush to test whether it closes off before the claim boundary.
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from #nxe,
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@teevee @Goldfinger, from time to time, $NXE does test the 200 day moving average which I think is about $2.50ish.....That would another "back up the truck" moment as was the $1.50ish move a while back.
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from #nxe,
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@speculator I agree @teevee, i will add i have reason to beleive another catylist will push up $nxe hard by may. But thats litterally a crap shoot. This budget situation is probably not helping, its dragging the whole $tsx down waiting for the capital gains BS. $nxe chart looks eerily similar to the tsx daily
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from #nxe,
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@TheNextBigRush @teevee on $DYL.AX - Agree that Sprott has made a lot of money on this already, but bear in mind that with the 20/1 rollback the math is a tad less astronomical than it seems.
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from #dyl.ax,
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@teevee ISIS lost Mosul today and called on all those of the Islamic faith to carry out loan wolf attacks and kill as many infidels as they can. Here is a petition for all Canadian infidels: https://petitions.parl.gc.ca/en/Petition/Sign/e-909
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from #politics,
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@teevee ISIS lost Mosul today and called on all those of the Islamic faith to carry out loan wolf attacks and kill as many infidels as they can. Here is a petition for all Canadian infidels: https://petitions.parl.gc.ca/en/Petition/Sign/e-909
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from #index,
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@teevee @Treb, increasing margin requirement may decrease volatility. Always nice to see market participants put up hard dollars;-)
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from #nxe,
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@teevee @BenjaminCox, I can't believe that NXE would do what FCU did with CGN, giving someone a cheap foothold. All one need do is look at what a cheap foothold did for Selwyn Resources shareholders-they ended up with nothing, and that is exactly where I believe the FCU-CGN deal will take FCU shareholders.
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from #nxe,
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@teevee If $3.00 does't hold, MAJOR support at $2.25 http://cdn.ceo.ca/1cdbu0a-Screen%20Shot%202017-03-24%20at%209.50.21%20PM.png+
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from #nxe,
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@teevee @HRA-Coffin, Caspiche? short sellers who knew that Codelco owned all the water rights for miles around made a killing on Exeter;-)
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@HRA-Coffin Grade was always an issue for us on that one @teevee - and water was the other. That plus Cerro Casale had, on paper at least, better economics and that one hasn't exactly been a world beater. Seems like Goldcorp is willing to pay up so they can add all the optionality ounces to their balance sheet. Maybe they should add Rick Vannuenhousen to the board ;)
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@teevee @BenjaminCox, your article about a copper mine in the Atacama desert is interesting. I don't believe in any low grade mine unless it has a high grade zone that can be mined as a starter pit to rapidly pay back capital. THEN AND ONLY THEN can low grade deposits work, and work well, with the mine making it through the peaks and troughs of commodity price cycles.
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from @benjamincox,
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@teevee @ocotilloredux, regarding $IVN's $30 billion evaluation, there is a huge high grade copper resource, however, it is deep, narrow and nearly flat lying. I'm no mining engineer, so can you comment on extraction rates and how they might be constrained by either ore hoist capacity, or haul truck traffic load capacity in a (spiral?) decline to access working levels at a 1000 meters deep, and a "room and pillar" style working face on a horizontal ore bed 1-3 meters thick, and how many "room and Pillar" working faces can be operated at the same time? ...I suppose on the plus side, IVN does have a majority Chinese investor so importing 100,000's of thousands of low cost miners from mainland China won't be a problem.
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from @ocotilloredux,