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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.
@BS@ocotilloredux I was wondering if you could take a closer look at a couple of zinc deposits in Spain. In your Europe module, you mention Aznalcollar (same region as Aguas Teñidas). The company Emerita Resources ( $EMOhttp://emeritaresources.es ), with an experienced Spanish CEO/President (Joaquín Merino-Márquez) is hoping to reopen Aznalcóllar at some point. They are also in discussion with the regional government of Cantabria (N Spain) to possibly reopen the Reocín zinc/lead mine, near Torrelavega (mentioned in regional newspaper: http://www.eldiariomontanes.es/cantabria/201702/20/parlamento-visto-bueno-recuperacion-20170220175848.html ). You did not mention this deposit in your module. Would you mind taking a closer look at these deposit (Aznalcóllar & Reocín)?
@MadEye01I spoke to the Bergdex guys at the PDAC... They told me that out of all the executives they like David Gower the best. Why I asked. Their response was that "David is looking for the biggest deals and wants to be the biggest in the industry. Don't discount his abilities and track record." Then I found out that David took his $10 million company that he had built and sold it for $2.5 billion USD... http://mobile.reuters.com/article/idUSKBN148142
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anonymousIs this news what is driving emo up?
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@StarFirelol lol...it doesn't matter, someone must like $EMO..someone's been liking it for a good while now..all this talk of #zinc out here, but people still seem to be missing this and it's cousin $AWE ..get it while you still can
@StarFireDear $EMO, you've been halted for a week, no one picks up your phone, and the email form on your website doesn't even work. Still, all will be forgiven, so long as the news is good, and that your share price explodes once you come off the halt, thanks again, enjoy the weekend, and Godspeed.
@rangerbentman@StarFire I empathize with you on $EMO as $ALM halted with news and then the halt continues as IIROC wants to check the paperwork? No response from phone call to ALM yet and website is under construction too.just waiting ...
@StarFire@rangerbentman thanks for sympathizing about trading halt the other day, $EMO is coming back online Wednesday... not sure why it took so long for a property acquisition, but I'm sure it will come out hot
@CriticalInvestorWhy keeps Glencore divesting zinc assets? After the Trevali assets, it looks like it will sell Masa Valverde to Emerita Resources $EMO (after it earned in 100% a year ago and did some drilling in 2016). This is a massive UG deposit of 100Mt @5.2%Zn with a lot of byproducts, my guess would be around 11% ZnEq
@BSOne thing I could find about Masa Valverde - $EMO was this: https://www.ltu.se/cms_fs/1.6651!/8960e0d9.pdf
which says on page 8: +-93 Mt at a combined Pb/Zn grade of 1.92% (then broken down into smaller pieces by type of ore).
Looking at the references, that document is at least 15 years old... So doesn't include any work done there this milennium.
@PamplonaTraderRe $EMO - using a 3% Zn cut-off, Masa Valverde is 12Mt @ 8.5% ZnEq for 2.25 Bln lbs.
Also using a 3% cut-off, $RTH Olza is 18.8Mt @ 8% ZnEq for 2.65 Bln lbs.
Calling Masa Valverde a 100Mt #zinc deposit is a bit misleading.
Having said the above, I agree with @TheGalvanizer and @HRA-Coffin, the metal itself is more important than who finds and gets it out of the ground. Glencore doing the smart thing by avoiding operating risks and securing off-takes.
Cambridge's 1.5% NSR can be bought down for roughly the amount Emerita is paying Glencore to acquire the project.
@CriticalInvestor@TheGalvanizer yes looks like investors want Aznalcollar approval. I quoted from a 2007 report, it mentioned 100Mt with an average grade for all metals separately. The other report mentioned in here seems from 2000-2001. It also quotes a 50Mt resource at much lower grades from 1986. Will ask the company for details, and why Glencore wants to get rid of it. $EMO
@soccerfanSpoke to Gloria other day, adding to my position next week the area is looking more promising than I thought. #bergdex trio were on #nrg property last week. These folks really putting in the time and DD. These guys really get around. I'm glad I started following them early. #xmg#emo#ngz