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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.
@teeveeGolden Triangle? Under the ND's, those are the peoples' resources, and located in a very critical and senitive ecosystem. Who has time for that bs when there are lots of other places to speculate and invest?
@teevee@Maggee, looks like a minority gov't with the greens having the balance of power. That means no LNG, no pipelines, kill oil and gas, and stop mining coal, gold, copper and any other extractive resource activities.
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@teevee@Maggee, looks like a minority gov't with the greens having the balance of power. That means no LNG, no pipelines, kill oil and gas, and stop mining coal, gold, copper and any other extractive resource activities. The green party leader wants to transform the BC economy and become the vanguard in a move to his vision of a new green economy, what ever the f*ck that might be.
@EricTheActor@teevee, I'm guessing news of a new discovery along PLS would not be allowed to be held back due to its materiality. One thought I've considered though...perhaps they've been waiting to test the juiciest exploration targets til the NYSE listing, such that any hits would result in maximum share price impact. At Garrett's MEG presentation, he sounded quite bullish about the Mirror target, so possibly a target such as that is just being explored now? http://cdn.ceo.ca/1cha9pv-IMG_2142.JPG+
@teevee@ocotilloredux, Neves Corvo initially famous for its high tin content. Because of tin content, it went to Noranda's smelter, now operated as an income fund. Intersting the Lundin news release made no mention of tin. Perhaps there is little to no tin in the new deep zone? $zinc
@teevee@RocketRed, $NDM? who cares. Pebble has no high grade starter pit, and poor metallurgy as most of the gold reports to tailings as it is tied up with pyrite instead of chalcopyrite. Power costs also a big unknown, until nuclear SMR's are commercially available.
@teevee@ocotilloredux, Neves Corvo initially famous for its high tin content. Because of tin content, it went to Noranda's smelter, now operated as an income fund. Intersting the Lundin news release made no mention of tin. Perhaps there is little to no tin in the new deep zone?
@teevee@ocotilloredux, if I recall correctly, CCO is already on record stating that capital costs for the next development phases at Cigar and McArthur would be ~$1.5 and $1.3 billion respectively. Short of +$80/lb contract pricing, I don't see it happening.
@ocotilloredux@teevee I think I had estimated $1B for Phase 2 at Cigar Lake but the "ore" is 1 km away underground and much of it is under a lake so a surface freeze hole drilling program is likely not possible particularly since it is necessary to keep 100 m exclusion zones around water bodies. It looks like all smoke and mirrors to me. There are not many pounds there. No doubt Cameco will commit to the development to get out there but this will just be a feel good press release for the CEO to make it look like his company actually has some legs. I vowed to play nice here, but I could totally skewer all the other wannabes apart from Nexgen up there. I am sure you have seen some of my more lucid work from the past.... http://www-pub.iaea.org/MTCD/Publications/PDF/P1288_web.pdf I had to play nice there also but knew Uranium One was running a fraud in South Africa at the time.
@ocotilloredux@teevee I don't see how CNNC wants to receive boat loads of iron ore from the Pilbora. I was out of NXE for a few months but have been accumulating during the past month since I have the luxury of talking to plenty of Cameco and ex-Cameco staff here in Saskatoon. This is one terminally ill puppy folks. I have stated this privately but will state it publicly now. These guys have no vision at all and have been living off selling down assets for a few years now but there is nothing left to sell. If I were a utility contracting with these guys in the long term, you should be nervous. A repeat of the late-90's.
@MiningBookGuy@Vaughan RE: https://ceo.ca/~aufrica?1007e9ea4dd5 - seems the 'geological minds' of CEO.CA don't seem to care about your $WAF$WAF.AX question. @Teevee, any thoughts from you on the following question from @Vaughan?
"Can someone with a geological mind tell me how $WAF is not more expensive. I keep seeing news release after news release of ridiculously high grades. Is there no continuity of resource or something?"
@Teevee is the only respected 'geological mind' I know that had an interest in $WAF at an earlier stage of the company. Maybe some quick new thoughts? ~AUfrica#mbgtrends
@MiningBookGuy@teevee - ok, no problem. This next comment isn't specific to you. But I guess $WAF just an example of a #development project out there hitting #highgrade, and barely anyone paying attention. That in itself makes the project much more interesting to me, whether these are 'great' results or just 'good' results (and they have to be at least 'good' from my limited ability to interpret.) *Disclosure - i do not currently own a position in $WAF$WAF.AX#BurkinaFaso
@teevee@MiningBookGuy, always good to see high grade, and in fact a critical aspect, as all profitable gold deposits have high grade pods, zones, veins in the system. It is the high grade that carries all underground gold deposits, especially through downturns in the price of gold. $WAF's project will in all likelyhood make a mine.
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@teeveeI can assure you all that Friedland is not interested in gold bearing quartz veins from the Kootenay's or Columbia. He is backing $CDB to find another giant Cu-Au porphyry system that might be hiding somewhere on the project lands. Until and IF that happens, I doubt $CDB is going anywhere, except sideways and perhaps down.
@teevee@EvenPrime, weak hands, strong hands? you are talking retail....most $NXE is now held by funds, institutions and well heeled sophisticated investors. When markets correct, and funds and institutions have to meet redemptions or obligations, they sell evenly across their holdings, or if there is a liquidity issue, what ever has a bid. In a downturn, NXE could spike down on redemption driven selling. If you see this as a possibility, put in stink bids at prices you are prepared to pay. Sometimes you get filled. It has happened for me more than once.
@ocotilloredux@teevee$teck is more Fording Coal than it is a base metal miner. Over paid dramatically for Fording. A whipping boy for met. coal prices. The CEO is also too conservative after his Fording fiasco. He needs to be sent out to pasture. An extraordinarily dull company with no project pipe line nor vision. Who cares about oil sands? Nothing sexy there. They really do need to do a split between energy and metal streams here but their terrible share structure prevents this. I should have shorted them at $30.
@teevee@ocotilloredux, over paying for Fording just made up for how $Teck screwed Luscar shareholders,and after Peter Lougheed first screwed luscar shareholders by helping our his billionaire friends at Manalta, the Mannix family, buy directing Luscar to buy Manalta's depleted coal pits and worn out drag lines, shovels and trucks which were scrap metal, and for over $600 million dollars. It was one of the largest frauds ever performed in Canada, and Lougheed got away with it, riding off into the sunset with his saddle bags full of money. Lougheed should have at least spent some time in the crow bar hotel for that.
@cole119Mirror zone been mentioned a few times before. Both @teevee and @pamplonaTrader have good input on this, I recall a graphic illustration by pamps. I may be mistaken. A bit tipsy on a Sunday night...
@teevee$NXE.... perhaps today's action in the USA portends what is to come. I can only imagine the action after a "jaw dropping" PEA is released and some ongoing "radioactive" drilling and exploration results. NXE has a small share float measured against the size of the market in the USA. Without question, NXE will become the "go to" name, when it is recognized as the leader, head and shoulders above the rest of the uranium "pack" of explorers, and US buyers will and do flock to leadership in the uranium sector...... an upward trajectory for the price of uranium would be the icing on the cake:-)
@teevee@Rulingmining, $NXE I suspect it was algo's responsible for much of the action in the USA yesterday, and someone had to come in and "throw the switch";-).....now they have to trade their way out of the loss.
@teevee@RocketRed, demographics and strong ND voter intent of youth indicate at least a decade of majority ND gov't in BC. Trudeau will need internment camps and the army for the 10's of thousands of protestors who will be trying to stop Kinder Morgan's Trans Mountain pipeline.....however, he won't do that as he doesn't believe in the rule of law, or that gov't has any authority over "social licence".....what a pathetic, sorry state Canada has become. Most of the major international resource companies have left, and for good reasons. Foreign investment capital, will dry up completely, other than for buying West coast and Toronto real estate. I wouldn't invest a penny in BC now, and if I had an investment here, I would be selling it before the next election.
@teevee@Highball, $CXO I expect a sell off in most, if not all BC based projects. There is now a minority gov't in BC. Demographics and under 40 voter intent indicates the next election will bring in a majority ND gov't. The next election is already rumoured to be as early as this fall. I doubt shareholders want exposure to political risk attached to ND and Green gov't. I know I couldn't sleep at night owning shares with that kind of exposure.
@teevee@nobshere, apparently you are unaware that Canada's supreme leader, Justin Trudeau, is going to take Canadians on a glorious path to a fossil free economy, and become the global vanguard for green energy, saving the planet from anthropogenic climate change.
@teeveesummer is almost here and that means it is time to forget about the markets and focus on barbecues, beer, babes, boats etc. and don't forget that when the tide goes out, all the boats go down;-)
@teevee@tommy, if Murat knows about block chain, you both can probably be billionaires in less than 5 years if you create and market your own cryptocurrency. there are a lot of them popping up and may eventually result in consolidation and takeovers.