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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.
@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
@GoldfingerAnd it begins ~~~> "BREAKING: Trump to propose 20 percent tax on all imports from Mexico to pay for U.S.-Mexico border wall, White House spokesman says" - sombreros and Dos Equis just got more expensive... $Mexico$Trump
@LeonI like Marc Chandlers thoughts: "The idea of a 20% tariff on Mexican imports to pay for the wall is bluster. First, it violates the #NAFTA agreement. Second, if there were not NAFTA, it would violate the WTO. Third, the president would need Congressional support. He can impose a 15% temporary tariff claiming a balance payments emergency, but this is extreme. Fourth, Mexico could retaliate. #Trade between the two countries is very complex. Some goods may cross the border several times before final good is finished. Research suggests that as much as 40% of the content of Mexico's exports originate in the #US. Several European and Japanese #automakers have production facilities in #Mexico. If new tariffs become onerous, their production may not be moved to the US, but it could go home or to a third country."
@LeonIt's amateur hour in Washington :-) A trade deficit isn't the result of unfair foreign competition but the result of monetary expansion, of $$$ printing, of QE's, of Petro Dollars! Such unsound money has created a demand for imported goods the US was not able to produce. It's the cheat factor of #fiat currencies that's responsible for trade imbalances, not unfair competition from China, Germany, Japan or #Mexico. With #Trump's border taxes America is triggering a rerun of the 1930s depression. "The greatest threat to world trade comes not from the break-up of the #EU, nor from #China. It appears to be Trump's lack of understanding of why trade imbalances exist, and his wrongheaded policy of American #protectionism." ~ Alasdair Macleod #gold#commodities#tradeWar#currencyWarhttps://mises.org/blog/what-trump-means-brexit-china-and-eu
@Excelsior$EXN$EXLLF Excellon Reports Materially Improved Offtake Terms for 2017
(Marketwired – February 07, 2017) –
“Excellon Resources Inc. (TSX: EXN) (OTC: EXLLF), #Mexico’s highest grade #silver#producer, is pleased to report on the Company’s recently negotiated offtake arrangements for 2017. The Company’s recently completed tender process for 2017 #offtake of its #lead- #silver and #zinc concentrates had numerous interested parties.
The final terms agreed with two purchasers are materially better than terms seen in recent years and represent an approximately 60% reduction in treatment and refining charges relative to 2016 based on budgeted tonnage for 2017 and at current metal prices.”
@RocketRed$cdg if your looking for cheap option on gold silver six million tonnes to 6.89 million tonnes, grading from three grams per tonne gold to 3.44 grams per tonne gold and from 40 grams per tonne silver to 44 grams per tonne silver, containing approximately 580,000 ounces to 760,000 ounces of gold and 7.7 million ounces to 9.7 million ounces of silver. This in situ conceptual estimate of the potential tonnes and grade is contained in 40 per cent of known historic workings within remaining pillars, areas not mined, and stope-fill and backfill material. #mexico
@GoldfingerI spoke with the CEO of one of my #StockPickingContest picks @Allan of $ION on Friday and we had a thorough and insightful conversation.
2017 is set to be an exciting year for $ION with lots of news flow forthcoming. Some of the news which investors can expect from Alset this year:
1. Drill results
2. Testing of leachability
3. Better understanding of fluids which made the Zacatecas deposits
4. Intersect brines
5. More permits (permitting is very easy for ION in $Mexico)
6. Potential to acquire more salars (Allan mentioned one particular acquisition which could help make $ION a district play)
$ION chart is constructive, above C$.18 could see mid-C$.20s - I have no position in $ION shares and I have not received any compensation from the company. $lithium
@Excelsior@FundamentalAnalysis - As a Mid-tier #Gold & #Silver miner operating 3 mines in 3 different jurisdictions and reducing their costs each year and paying a 6% #dividend, their current pricing trend has been terrible and doesn't make much sense. I believe their "wart" is the shorter mine life, but that was their knock in 2010, 2011, 2012, 2013, 2014, 2015, and 2016, and they've continued to mine from those projects that others were so worried about and consistently replace the reserves while lowering costs.
As mentioned in their recent presentation above they've done the final turnaround for Costerfield and the current track is the real end of life on that particular asset. Another thing that interested me about them was that their jurisdictions were fairly diversified in #Chile, #Sweden, and #Australia. (how many Swedish producers do people really have in their portfolio anyway.... lol)
Many investors knock against #Silver miners is that they don't like exposure to #Mexico, so this is a way to get Silver & Gold exposure without Mexico (even though I'm personally very happy to speculate on Mexican Silver stocks....because that is where huge Silver deposits are located.
In the bear market $MND were more resilient than many peer #producers, but when things got going in 2016 they were not appreciating like other producers, so I discarded them. However, the low pricing recently seemed like a good place to start wading back in.
We'll see how it goes, if they find #water for their #development project in Chile, and what acquisitions they may make on move-forward basis.
@Excelsior$EDR$EXK Endeavour Silver Produces 1.08 Moz #Silver and 11,724 oz #Gold in the Q1 2017
April 11, 2017 –
“Endeavour Silver Corp. reports its #production results for the First Quarter, 2017 from the Company’s three silver-gold mines in #Mexico: the Guanaceví mine in Durango State and the Bolañitos and El Cubo mines in Guanajuato State. Silver production in the First Quarter, 2017 was 1,076, 974 ounces (oz) and gold production was 11,724 oz resulting in silver equivalent production of 1.9 million oz using a 70:1 silver gold ratio”
@Excelsior$MXSG Mexus producing #Gold at its Santa Elena mine
April 17, 2017 – WallStreetJournal The newest #Gold#Silver#Producer in #Mexico
"The first part of the mining plan is now complete with Pad #1 actively leaching gold, new mineralized material being place on pad #2, and the Merrill Crowe gold recovery plant now operational. We will be smelting and selling dore in the near future and will release results when prudent. The plan going forward will be to increase production to 10,000 tons per day and build out the mine infrastructure as necessary with increased revenue funding each stage. Mexus’ goal is to reach maximum output by December 2017."
@ExcelsiorDavid Wolfin, President & CEO of $ASM Avino Silver & Gold Mines, speaks about this junior mining company with assets in Mexico and British Columbia.
“I grew up in the mining business. I worked in the Avino Mine in the 80s as a teenager. Avino is unique because it’s a family run business and we take a conservative approach, long-term view and we look at the communities in which we operate in and look to help and educate them.”
“Avino is a low-cost, junior miner. Its flagship asset is in #Mexico, we have two operating mines there with about 480 people working for us. And we have another mine located in southern #BritishColumbia called the Bralorne Mine and we have plans to bring that into #production in 2017.”
@Excelsior$EXN$EXLLF Excellon Resources Provides Update On Optimization Program And Q1 2017 Production Results
April 27, 2017 – #Silver#Lead#Zinc#Producer#Mexico
“The Platosa optimization program is nearing completion,” stated Brendan Cahill, President and Chief Executive Officer. “With each additional submersible pump we are increasing the local rate of drawdown at Platosa resulting in drier mining conditions day-by-day and the results continue to confirm or exceed our projections. Essential well cleaning was largely completed during Q1 and we are now in position to install submersibles more rapidly. We remain on track for a dry mine by the end of Q2.”
Mr. Cahill continued, “Almost the entirety of #production during Q1 came from outside of the Rodilla manto resource area, which resulted in relatively higher dilution and lower grades, as #development focused on accessing the next level of Rodilla. Production has improved during April, with higher grades now being mined on multiple ore faces. With the increased rate of drawdown realized from the optimization program, we expect significantly improved #production from Rodilla in Q2 and also expect to bring the high-grade Guadalupe South manto back on line during the quarter, with development reaching the 623 manto by the end of Q2. Despite lower than expected production in Q1, the project is headed in the right direction.”
@Excelsior@MiningBookGuy Yes. Absolutely. Many Canadian investors have turned a blind eye to the #Yukon for years due to it's lack of infrastructure (but that has been imporving). Only in the last year with the $KAM takeover by $G did people really start following the area again. (with the exception of our buddy @JamesKwantes, who does a kick-ass job of covering the #Yukon).
Suddenly after that Kaminak deal, then Kitco was covering the Yukon, and they were sponsoring videos and mining with Yukon days, etc... The Northern Miner has really kicked up their coverage as well. If $AXU$AXR had the grade they had from the Bermingham and Moth & Flame deposits, and were about to restart #Silver#Zinc#Lead#production in #Mexico, then Alexco would be trading waaay above where it is now. It hasn't gotten the respect it deserves for years (mostly due to nervous nellies on the $SLW stream, which has been resolved now). Investors don't pay up for the #Yukon.... (yet).
As for #Colombia, many still won't touch it, and the recent mining ban in El Salvador has spilled over into some communities in Columbia where they just blocked a major mine from $AU $ AngloGold Ashanti. This has had some investors on edge....
VILLAGERS VOTE TO BAN ‘LA COLOSA’ GOLD MINING PROJECT IN #COLOMBIA
27 March 2017 / Bram Ebus
"Residents of Cajamarca in central Colombia made a nearly unanimous decision in a popular vote on March 26 to block a massive gold mine, dubbed La Colosa, one of the largest in the world."
.....(the open-pit mine is a project of world’s third largest gold producer, AngloGold Ashanti.)
$CNL (prior to $NEM's investment recently was getting hammered due to this). $R has been getting hammered and if their mine and new production was in BC or Saskatchewan or Ontario, then the Canucks would have already bid it up 2-3 times where it is now as those areas get a premium.
@MiningBookGuy - I'm glad you brought up both jurisdictions for discussion and it is interesting. They remind me how #WestAfrica and #Brazil really still aren't getting the valuations of the "safe" jurisdictions of #Canada, the #US, and #Mexico. What is crazy is that in the case of the #Yukon is it's in Canada, but is like the red-headed step-child as far as the miners are concerned.
@Excelsior$EXN$EXLLF Excellon Resources #CorporatePresentation May 2017
A very impressive 118% IRR (see page 19). It seemed prudent to trim back the allocation a little on today’s surge, but I’ll buy that portion right back if we get some more weakness this summer.
Their dewatering project is almost complete now, and they’ll be accessing the higher grade parts of the deposit. The market is just waking up to the fact that they’ll be transitioning away from the old lower grade stockpiles they have been processing the last 2 years, and finally getting to the juicier parts of their deposit.
They rode out the bear market well and saved their high-grade assets for the next 3-5 years (into a rising #PreciousMetals market). Very well executed, and they are continuing to explore to extend their mine life. This has been the market’s trepidation and their "wart," but they are on trend with many large deposits in #Mexico. Excellon is one of the highest grade #Silver#producers in Mexico, and with the deposit still open in many directions, there is more to be found. I anticipate their 2017 #drilling program as much as I anticipate their #production profile improving.