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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.
OliverTop news re $CUG Mr. Alain Lambert, Chairman and C.E.O. of Cyprium stated: "We are proud to form this partnership with Daniel Valenzuela, a third generation miner of the Potosi silver mine and operator of the San Guillermo plant. The mine operated continuously for over thirty-four years before it closed in 1991 when commodity prices were low and a labour dispute lead to a strike. The Potosi Partners have successfully, but inconsistently, carried out small scale production between 1991 and 2012. Together, we will restart mining operations at Potosi and San Guillermo."
Mr. Lambert concluded: "When I was appointed CEO of Cyprium in May 2015, I was very clear about the number one strategic imperative for our company: to secure medium to long-term supply of mineralized material with acceptable head grades from nearby mines to fill up the capacity of the Cyprium operated processing plant in Aldama, Mexico. The Joint Venture also meets another strategic imperative we had set at the time: the acquisition or co-participation of existing mines and/or plants where we can deploy our financial resources and technical expertise for the benefit of our shareholders. Needless to say, the transaction announced today goes a long way towards meeting those priorities. The combination of owning the rights to an existing operating plant and a historic silver mine, especially of the scale of Potosi, is quite a unique proposition for a junior mining company." #tollmilling#silver#tollmining#mexico
Oliver$CUG. Mr. Lambert concluded: "When I was appointed CEO of Cyprium in May 2015, I was very clear about the number one strategic imperative for our company: to secure medium to long-term supply of mineralized material with acceptable head grades from nearby mines to fill up the capacity of the Cyprium operated processing plant in Aldama, Mexico. The Joint Venture also meets another strategic imperative we had set at the time: the acquisition or co-participation of existing mines and/or plants where we can deploy our financial resources and technical expertise for the benefit of our shareholders. Needless to say, the transaction announced today goes a long way towards meeting those priorities. The combination of owning the rights to an existing operating plant and a historic silver mine, especially of the scale of Potosi, is quite a unique proposition for a junior mining company." $MAG#Grupo#mexico#silver#tollmilling#tollmining
Oliver Gross$mag, #colorado15. Impressive meeting with Larry and Peter. Very cool and prof. Peter is just amazing, tons of experience and great insights about the #silver mining space in #Mexico. They don't really care about the Silver price. They're impressed with the last high-grade discovery which is the key reason why MAG SP is doing so well comp to their "peers". As well their excellent share structure helps a lot these days. #Fresnillo loves their progress and discovery success. No chance for a further hostile takeover. Great fundamentals and of course a prime pick with hq when it comes to silver dev stories. Might be an interesting pick if we see a larger correction.. for now it looks not really cheap. But hq is everyth atm. WL.
@MiningBookGuy@Guy@dirkdiggler - I’ll play the #stockpickingcontest
My little twist is that each pick is from a different exchange:
1. Sarama Resources $SWA, TSX-V - I own shares, mentioned it a bunch already. Tons of drilling happening on their $BurkinaFaso properties in 2016, looking for that elephant #gold deposit. As mentioned before, I think it will finally get attention because interest in Burkina is coming back after a successful Presidential Election.
2. Mariana Resources $MARL$MARL.L, AIM in London - I own shares. This is all about their 30% stake in the Hot Maden project in $Turkey. The discovery and asset would be stupid cheap (serious #copper#gold resource already), if not for share structure and geopolitical risk in $Turkey. But want to emphasize both the potential for resource growth throughout 2016 (lots of drilling), and possible acquisition or spin-out of the Hot Maden project. Maybe I’ll talk myself into buying more shares even with all the clear risks…
3. Azure Minerals $AZS.AX, ASX - I do NOT own shares, but intrigued. Mentioned by @thenudeinvestor and recently by @stateside. #Silver discovery that could grow in #Mexico, and lots of neat stuff to look into. Again, great drilling potential in 2016, and maybe an acquisition target too.
I’m biased towards #exploration in my own speculating, and I think that creates the best chance to win the #stockpickingcontest (even better when combined with an acquisition). Lastly, want to point out to @dirkdiggler that a lot of exploration IS happening…you just can’t find all of the listings in Canada ;)
@MiningBookGuy@Stocksluice - good point that Canadian #silver coinage shaved as well. I should also look into #Mexico history with silver...not sure how that changed over the last few hundred years, but know there are some wealthy people there that care a lot about silver. On the other hand, I get the impression Europeans across the board care more about gold than silver on the monetary side, incentivized by taxes
@BenedictAnd here I thought the lower oil price would benefit margins... $FR Mike Gleason: The recent price increase this week, notwithstanding some good news for the mining industry, I would think has been the falling price of oil. How has that affected or benefited your business, Keith? How much has it helped reduce your all-in cost of production?
Keith Neumeyer: Well, in Mexico, it's a little bit different. I think outside in Mexico it's probably helped the miners a lot more. The price in Mexico is set by the government. The producers in Mexico, not just the miners, but industry, period, in #Mexico has not had a benefit yet. Nor has the consumer... the regular fellow on the street who goes and guys gasoline still, today, is paying. Actually they're paying more for gas today than they did a year ago. They have not had any benefit at all. Nor have we had any benefit at all.
But the chemical costs have gone down. There are other inputs. Of course, I was responsible for other things. Transportation, chemical production, and so on. The actual price of diesel is actually higher today. That changes, mind you, in January 2017 when the price for energy and the principal on gas in Mexico does float to world standards.
We are looking very much forward to that day, January 1st, 2017, but we haven't seen the big impact, yet.
@MiningBookGuy@Hunter - and one more point for now. i am a believer that an 'incredible deposit/discovery' can make up for a 'bad' or 'below-average' jurisdiction. So you mentioned $MARL in #Turkey and maybe implied $IVN in #DRC (Congo). i think there are legitimate reasons to take the risk.
But a few considerations that sometimes are overlooked:
1. some countries are big, and regional politics matter. #Mexico seems a great example to me, where some regions are just excellent, and some are terrible. they have the full spectrum
2. it's ALWAYS good to at least look back a few decades if you get interested in a jurisdiction. i think #Venezuela is a great example...it really was a 'hot' place in the late-90s. does ANYONE even think there's a 1% chance that Venezuela could work right now for a project?? not at all...but i am sure much money was lost as it moved down from a high, really picking up negative momentum by the early-2000s. But there are plenty of stories on the opposite side, moving up from a low...that's where i see REALLY BIG opportunity right now.
SUMMARY: I am most interested in the "positive" or "negative" momentum associated with a jurisdiction. if there's negative momentum, the quality of the deposit may more than make up for it. but it needs to be very high quality.
On the other hand, I am most excited about #exploration opportunities in countries/jurisdictions that others still think are scary, but there's enough signals that they are just starting to move up from a low base.
Ok, enough out of me! hope that's helpful.
@MiningBookGuy@Wannabeinvestor - just saw your quick post in the #gold room. For both #BurkinaFaso and #Nigeria, I think fundamentalism is very regional, actually not a big issue in Burkina at all compared to some bordering countries like #Niger. #Nigeria is not well-known to the mining world. If people would start thinking of it the same way they think of #Mexico (yes, it sounds like a stretch, but give it a shot!), I think they'll realize there's a full spectrum of risk/culture as you look at the different regions in that country. #Nigeria is large & diverse.
@Newton#Canaccord yesterday also discussed $TGZ regarding mill optimization (profit growth?!), $NMI regarding #drillPlays and #Sprott selling, $EDR on new #silver mine acquisition in #Mexico, $DNA with more success drilling and top pick status amongst brokers (0.3x price /NAV!), $czn with overstating #economics in pfs, and then #copper section with half dozen major producers. Seems like more #juniors than I'm used to seeing in reputable rag like Canaccord Morning Coffee! Speaking of Thursday Sept 15 edition. I enjoy reading it and encourage you to get copy.
@NewtonAlso, a low-cost #gold#producer for tough market today: $agi. Alamos Gold. Report out from #haywood because of environmental permits released by #Mexico federal government. Company mining an #oxide deposit in desert (sounds familiar!) but has to wait for rains to end. Worth a close look imo. Interesting to note that it trades at premium to peers in terms of EV/CFPS multiple, 8x vs 6x. That may be problem for some here, or could be sign of stock that will move "from strength to strength".
@MiningBookGuy@Allan - don't discount the US for resources. I agree Canada is great...but honestly, "North America" is a resource powerhouse. #Canada#USA#Mexico. The entire continent just blows away the rest of the world, honestly (metals, agriculture, oil/gas, river system, etc.)
Avino announces Q3 2016 production results
“We are pleased to report another quarter of consistent production from our operations in Mexico. With higher projected production in the fourth quarter, we are on pace to meet our internal annual budgeted production targets, despite the challenges faced in the second quarter. Although our overall output was down slightly this quarter, we are encouraged that the decrease was mainly the result of lower recoveries at the Avino Mine where mining activities took place in a new zone. Moving forward, we expect recoveries to improve as we optimize the plant for material from this new zone. Advancing our underground operations into new areas is fundamental to our goal of expanding both mining and processing operations. Further to this goal, we have commenced exploration drilling in the gap zone between ET and San Luis located within the Avino mine which we expect could significantly add to our current resource block at the Avino Mine.”
-David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.
@Excelsior#NaturalGas as a Global Commodity
Jude Clemente – NOV 23, 2016
“The #US became a net gas exporter just a few weeks ago, but exports to #Canada have actually been falling. Unlike still developing #Mexico, Canada doesn’t have huge incremental #gas needs, explaining why it’s so critical for Canada’s gas industry to have access to global markets via #LNG. Interestingly, while Mexico is overdependent at 60%, natural gas accounts for just 10% of Canada’s #power generation.
But, U.S. #shale#gas will continue to be very competitive into eastern Canada as new pipeline infrastructure gets built, such as the Rover and Nexus routes which will take Marcellus and Utica gas to southern Ontario’s Dawn hub. Both are expected to have completed phases next year.
One interesting market to watch will be how rising #oil prices impact #OilSands development in #Alberta and thus Canadian gas demand. Mining and in situ oil sands activity utilize gas for process heat and to upgrade bitumen to synthetic crude. #Gas utilized in the business is expected to double to around 5.2 Bcf/d by 2030…”
@marketwiredArgonaut Gold Denied Environmental Permit for its San Antonio Project @marketwired/argonaut-gold-denied-environmental-permit-for-its-san$AR The Mexican Environmental Authority cites the reasons for not approving the MIA as requiring additional information regarding potential identification, description and impacts to the environment; additional information on the construction, operation and closure plans for the project; and additional information regarding the impact on the local aquifer. The Company believes that this information is readily available. #Mexico#gold
@newstrackerThe Economist reporting on marijuana in Mexico writes that Mexico has just marked the 10th anniversary of its war on drugs. Furthermore, California recently legalized the growing of Medical marijuana; with 30 per cent of California's population Mexican, changes north of the border may be blowing smoke south of the border. Mexico's president Enrique Pena Nieto has proposed decriminalizing possession of marijuana of 28 grams or less for recreational a move similar to what Canada did years before the start of the path to legalization. The Mexican senators voted 98 out of 127 senators to support medical marijuana. Donald Trump is the one thorn in the side with his "should be studied" approach. However, it is clear that legally grown pot state side is pushing out the Mexican cartels as seizures of cross border pot is down. However this is pushing the cartels into the harder drug market. As Mexico moves forward on a growing popular support for marijuana legalization, regulation will be tough. In the words of the Economist "Tax pot too heavily and the gangs will dominate. Tax it too lightly and many more Mexicans will get stoned." Possibly a current debate ongoing amongst Canadian health officials now. Nonetheless, in my opinion a new market is presenting itself, more experienced hands from Canada could makes serious in roads into Mexican legal pot, just be careful who you partner with or whose turf you are cutting into. #Mexico#Marijuana#riskybusiness
@nicholaslepanMexico's state oil company Pemex began receiving imported fuel by train at a new privately run terminal for the first time in January as companies expand storage and transportation operations under the country's energy opening, a senior executive said in an interview. The cargo of just under 60,000 barrels arrived from Port Arthur, Texas, on Jan. 7 at the new private San Jose Iturbide storage terminal in central Guanajuato state via train, marking another first for the company which normally uses pipelines and seaports for fuel imports. http://www.reuters.com/article/us-mexico-pemex-diesel-idUSKBN151264#Mexico#energy