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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.
@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
@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