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@MiningBookGuy I'm behind on stuff and need to go to bed now. But if some Europeans are just waking up (or others in North America planning to stay up late!), consider watching #SwissMiningInstitute videos live here, starting in next few hours: http://www.swissmininginstitute.ch/ #Events And here's full list of companies, in order of presenting: http://www.swissmininginstitute.ch/conferences/conference_geneva.php $PLG (Pilot Gold) $ORG $AOT $LEM $CZX $TGZ $NLC $MUR $TMQ $MD $NXS $NOU $KS
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@FundamentalAnalysis Great presentation re: $ORG, I'm very excited about the exploration upside in Sudan, and like the idea that they may be delaying the PFS to account for all the new exploration work.....I see the "potential" delay as a positive. In fact I hope it is delayed.......Ivory coast also looking good.......
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david Nice presentation #ORG, seems like Sudan is much easier for mining than most thought (and getting better). What I certainly like is #IvoryCoast land from old Red Back what $K finally gave to work on for "old" new management.
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@MiningBookGuy As promised (btw, needed to make a 'public promise' so i would actually get to this before the end of the weekend!), here's my #WestAfrica rant in the ~AUfrica panel, focused around $SWA, but really involving many of the major players as well. This is definitely positively biased, because I own many of these companies that will be mentioned. But I'll try to include positives/negatives each time I mention one. We'll see how this goes...i just think it's good timing to get this all out there. Additional starting note: I'll be using lots of tags. the key tag is ~AUfrica...that is how you can follow the whole rant from beginning to end. And here are the companies i plan to discuss, with ownership disclosure (and i may end up mentioning a few others as well): 1. $EDV (own it) 2. $ACA.L (do NOT own it) 3. $SWA (own it) 4. $TGZ (own it) 5. $PRU $PRU.AX (do NOT own it) 6. $ORG (own it) 7. $ORR.AX (do NOT own it) ...and likely will mention others. now let's get to it!
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@MiningBookGuy 6. $ORG Orca Gold So this one is much lower probability than $TGZ or $PRU $PRU.AX ...but hear me out, because at least one of the reasons is probably going to be intriguing to many of you: 1. Simon Jackson has been a director with $SWA since inception (i think). He was CEO of $ORG for a few years (being one of the key #Redback team members prior to $ORG). He then left operations to run $BDR.AX in #Brazil...and then was appointed as Chairman of $ORG. He is a significant shareholder of $SWA. Many parallels here with $PRU ... Simon Jackson connected to $ORG $SWA, Sean Harvey connected with $PRU $SWA. This is significant, but not enough on its own... 2. $ORG is struggling getting people interested in #Sudan. Now this could change with the ratification of easing/lifting of sanctions by the US in mid-2017 (and I sure hope so as a shareholder in $ORG!). See here for the original NR: @marketwired/us-treasury-department-announces-easing-of-us-sanctions I think the #IvoryCoast diversification is huge! But why not continue into other countries in #WestAfrica? And if you're going to continue, why not go with something further along in development...something that's in-between a more 'advanced' #Sudan project, and early-stage #IvoryCoast project? And wouldn't this solidify $ORG as a new, emerging mid-tier, especially with the parallel going back to #Tasiast in #Mauritania and #Chirano in #Ghana (with various earlier-stage projects as well)?... 3. but the 3rd reason is most intriguing... ~AUfrica
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@MiningBookGuy 6. $ORG Orca Gold point #3 cont... It would not surprise me at all if only a handful of CEO.CA were aware of the following news back in 2009: http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/red-back-to-buy-moto-goldmines-for-513-million/article4355021/ I actually think this is a PERFECT place to end this super long ~AUfrica rant! The thing is, it's just amazing how much can change because one deal falls through, or a superior bid comes in. And this even gets back at the $SWA value proposition: Do people realize that the core $SWA team ran Moto Gold Mines, which is now the FLAGSHIP mine for $RRS.L Randgold in #DRC #Congo?? I have mentioned this before, and it's in $SWA materials. But really, there were only 2 #Tier1 mega Africa gold stories in the mid-2000s that I'm aware of: #Redback with #Tasiast, and #MotoGoldMines with #Kibali. Basically, what #Redback was trying to do in 2009 could be EXACTLY like what they could attempt here! But IF the $EDV $ACA.L merger HAD taken place, what $SWA has in the #SoutHoundeBelt could have ended up looking like what #Kibali is for $RRS.L and #AngloGoldAshanti as partner as a the top project/mine for a senior miner. So I am definitely reaching with $ORG as a possible acquirer or merger with $SWA ...but elements are there! And I only touched on 3 possibilities here...the big picture is that $SWA is much more 'open-game' for mid-tiers now, rather than being consolidated into a powerhouse major ~AUfrica
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@MiningBookGuy Time to step away from the computer...there are definitely gaps in my commentary (and many tangents). But this is one last post for people who are confused seeing only part of the discussion: Make sure to check the ~AUfrica panel, where the ENTIRE 'rant' is logged from beginning to end. Companies mentioned include: $EDV (own it) $ACA.L (do NOT own it) $ORR.AX (do NOT own it) $SWA - Sarama (own it) $TGZ (own it) $PRU $PRU.AX (do NOT own it) $ORG (own it) $SCA - Savary (own it) $RRS.L (do NOT own it) Anyone is welcome to post in the ~AUfrica panel, but just needs access. Primary focus is gold companies in Africa. But a close 2nd is anything related #Africa (just not other parts of the world). Just send me a private message or send a public message anywhere and tag @MiningBookGuy if you would like access to post! I have neglected ~AUfrica, and one of the reasons I wanted to get this rant out is to show a good example of the type of content I'm going for (but any questions related to this or similar stories in #Africa would be EXCELLENT follow-up content!). Ok, time to take a break! PS - ALL of the above is completely my opinion. I just enjoy trying to piece the puzzle together and using my imagination...and hopefully I'm correct on some of the positives. But it would be 'lucky' for sure if some of the positives I'm suggesting actually happens!
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@Excelsior @MiningBookGuy - Amazing coverage of the #WestAfrica #Gold scene as it is continuing to consolidate. There were far too many points for me to respond to but everyone should spend some time and read through that series of posts to see how this failed $ACA.L $EDV merger (due to the export ban in #Tanzania) really changed the batting order of who may get acquired next by both of those companies as they move to diversify into different #development stage and #exploration stage companies, or other small to mid-size #gold #producers. I'd also bring up that $IAG $IMG Iamgold is tied up in their merger with $MXI Merrex gold at present, so they are likely going to sit this one out. The first 2 companies I though of once the news broke was $TGZ Teranga and $PRU $PRU.AX Perseus as potential new acquisitions for $EDV or $ACA.L to get their production profiles expanded immediately. Persus is more in debt and encumbered with poor operational results at current gold prices, and is still a bit tied up with their Amara acquisition. $TGZ is solid, and really cheap at present, so if either of the big boys grabbed the next logical mid-tier it would likely be Teranga. However, the next thought I had after reading the deal fell through, was that $SWA Sarama or $SCA may get aquired by $TGZ to consolidate the #SouthHoundeBelt and compliment their Golden Hill project. In that recent $TGZ video posted from the #SwissMiningInstitute conference, they unpacked their increased efficiencies at Sabadola, their ramp of #development at #Banfora and then they went through their 3 other main #Exploration targets. Clearly, Golden Hill is the one they are putting their focus on, so it could make good strategic sense for them to acquire $SWA or $SCA to lock down more property in that area. It wouldn't be fair not to mention that $ROG Roxgold is also right there in the thick of the action in the South Hounde Belt and could also be a wildcard acquisition for $ACA.L or $EDV, or $ROG could surprise us all and be the company that does the acquiring of $SWA or $SCA. Another thought I had recently is that since $SCA is a Ross Beaty company and so is $ORG, I also wouldn't rule out those 2 being consolidated in his #Africa land grab. We haven't discussed $AKG Asanko or $SMF Semafo yet either, but they also may do some acquiring or $AKG may also get acquired by $EDV or $ACA.L. I'm actually surprised no other companies have made a move on $AKG or $ROG yet, and this brings up the point that there is also room for another large #Major or #MidTier Gold #Producer to decide to diversify into #WestAfrica and get in on the action. (I would NOT rule out a market surprise from another Senior miner coming in and locking up some of these projects). Lastly, it is important to bring up some of the MOST LIKELY candidates for #takeover or #takeout in #WestAfrica - those being 1) $HUM.L - Hummingbird Resources 2) $AVK - Avnel Gold 3) $ORE - Orezone. Since the deal with $EDV and $ACA.L is off the table, I could see both of those larger companies going after one of these 3 #Developers who are so much closer to #production than the earlier stage #Explorers. *** This is definitely going to be an exciting 1-2 years in West Africa where we'll likely see the number of companies consolidated down substantially in an #acquisition frenzy. Bring it !!! ~AUfrica
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@Brendan wow this went above and beyond @MiningBookGuy great job, very interesting. I have been pondering a lot of this for a while. I look at more producers than explorers, so was not aware of $swa $sca although i do own $org . i haven't seen it mentioned, but $rsg.ax might be a dark horse acquirer of some of these down the road (they have become a billion dollar market cap company so their shares would be useful taking out some of the cheaper competitors) all in all i am probably most optimistic about $tgz right now (i don't follow the small explorers much so maybe if i did i would pick $swa as my top pick - who knows?) i feel right now about $tgz the way i felt a year and a half ago about $edv
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@FundamentalAnalysis https://www.amazon.com/Sudan-Failure-Division-African-State/dp/0300215312/ref=sr_1_1?s=books&ie=UTF8&qid=1490630941&sr=1-1&keywords=sudan - I started reading this in the bookshop but had to leave to meet a friend for dinner after about an hour lol. Was gripped, definitely one that looks interesting....need to consider ordering it....could be helpful for trying to understand $ORG and its position in that region.
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@MiningBookGuy $ORG - #SwissMiningInstitute video - https://www.youtube.com/watch?v=IwDRmMGJbp0+ This was just added for easier viewing. It's truly excellent...I don't know how $ORG is this cheap based on the info in here. The only reason I'm not buying is that I own so much already! I will be very tempted if it drifts further. I have no idea when the markets will turn, but this is a must-watch for updated info the company. from March 22nd
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@HHorseman @MiningBookGuy A nice presentation from $ORG indeed. I can't really put the valuation together either, but hey that kinda makes me happy since I have been scooping up shares for weeks. I reckon the coming PFS will show an updated AVG production rate of over 100kOz/Year, and if we then take the PEA AISC of $805 Orca would bring in about 44MUSD in sustainable FCF a year... So in a 33MUSD FD market cap for Orca you will get an upcoming ~100kOz/year producer, with two absolutely huge prospective districts in two different countries, perhaps the best jr mining development team (Ex Red Back), a CEO and his FAMILY with a 10% stake on top of being backed by Ross Beaty and the Lundins who are in it for a big pay day (They are billionaire deal makers after all). Oh and we are trading at FD P/NPV(PEA) of 0.3. Throw in 7MUSD in cash and a new PFS that will raise the NPV from 128MUSD to maybe 200MUSD(?) and we are talking about a EV/NPV nearing an infinitely small number. Personally I believe that IF ONLY Orca delivers, it will be a portfolio maker even if all other holdings go up in smoke.Very high risk though afterall./Best regards
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@FundamentalAnalysis @Brendan Lets hope your feeling on $TGZ works out, I'm quite heavy in that stock as I cannot find a properly functioning, risk adjusted producer thats cheaper in West Africa....only thing bothering me is Franco's stream on sabadola which is crippling FCF potential otherwise sabadola would be Excellent at current gold prices. Hopefully Teranga starts funding everything else using just debt and equity,.....based on Richards comments seems like that will be the case. $SWA and $ORG both great stories as well, high insider ownership which I like, and ounces in the ground with upside exploration potential.......
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@FundamentalAnalysis @Brendan Lets hope your feeling on $TGZ works out, I'm quite heavy in that stock as I cannot find a properly functioning, risk adjusted producer thats cheaper in West Africa....only thing bothering me is Franco's stream on sabadola which is crippling FCF potential otherwise sabadola would be Excellent at current gold prices. Hopefully Teranga starts funding everything else using just debt and equity,.....based on Richards comments seems like that will be the case. $SWA and $ORG both great stories as well, high insider ownership which I like, and ounces in the ground with upside exploration potential.......
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@MiningBookGuy @HHorseman RE: https://ceo.ca/org?04e9447c15a6 $ORG - this is an excellent comment, thank you for sharing. I forgot to respond and just wanted to mention it. I'll be looking back at this post in the future since it's full of useful info. It seems the opportunity to scoop up cheap $ORG shares will continue!
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@soulMiner Many thanks @ayeyou and @greg. Interesting and exciting times for $MARL. Ivory Coast is definitely touted as the place to be exploring for new AU deposits. Also see $ORG for interesting exploration play. If there is success in Bondoukou along with positive drill results in the Russian zone in Hot Maiden this would be a seriously hot stock!!
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@HHorseman @MiningBookGuy I just hope I'm not too biased since nowadays Orca is a large holding for me (with good reason imho) :P. Anyway I have been compiling my own spread sheets to help compare valuations etc that updates every 2 minute or so. I am thinking of trying to put it up online if other people find it useful. I will probably be playing with correlations and stuff like that in Python (Which I am learning ATM). I will probably do some benchmarking as well. http://www.thehedgelesshorseman.com/silver-guld/snapshot-gold-company-watchlist/ - Spread sheet of my "gold company watchlist". Basically explorers/developers. It is still not complete, but it is enough to help me deploy capital when I have some money over (almost fully invested as of now). Some Resource numbers etc can be off, but I use it mainly for Price/X and intra sector/type market cap comparisons anyway. Every market cap is FULLDY DILUTED and converted to USD. $SSP $GQC $ORG
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@HHorseman I would be interested to include a few more 1 mine producing companies to see if they all get valued about 1.5 in terms of Market Cap (MUSD / Production (Toz). If so, it seems to be as I think you and others have suggested that late stage developers just prior to production is the "easiest" way to ride catch a big evaluation. $ORG
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@MiningBookGuy @Jayfire RE: https://ceo.ca/mbgtrends?19d577e44b8e AND https://ceo.ca/mbgtrends?c155be111028 - thanks! These 2 'People vs Projects' segments were some of my favorites. I think you & @TheNextBigRush added a lot of valuable nuance in the first segment, and I was happy to add my thoughts. I'll tag some of the companies mentioned in both segments because it could be fun to look back at these later this year! $BGS.AX $RYR $ORG $MOD.AX (and I forgot to mention $MTR.L, but I think that one is also fair to say 'A' project and 'B' people along with $MOD.AX!) #mbgtrends
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@HHorseman Hey again guys. After reading Stewart Thomson's latest article regarding the potential impact of the Indian Rupee's impact on the gold market I added the USD/INR exchange rate to my correlation table and made some graphs. In short: #Gold #Silver but especially the miners showed a strong correlation with the exchange rate. India being a top 2 and top 1 consumer of gold and silver respectively, one would think that the strength of the country's currency could(should?) be a factor to consider for metals and gold/silver mining bulls. You can see my findings here: http://www.thehedgelesshorseman.com/silver-guld/correlation-table-added-usdindian-rupee/ I don't know where I should post stuff like this, and if people actually find it interesting(?). $GQC $SSP $ORG #Gold #Silver Best regards /THH
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@Vaughan Post away @HHorseman $ssp $gqc $org #gold #silver
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@HHorseman "INDIAN RUPEE RISES TO STRONGEST LEVEL SINCE AUGUST 2015"... Speak of the devil. #Gold $GQC $SSP $ORG
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@MiningBookGuy @HHorseman RE: https://ceo.ca/org?4cd31068e1ff - really cool website you created here! I look forward to more updates. I will tag your main website at 'mbgtrends' as another place to 'distribute' :) btw, there are people who "have suggested that late stage developers just prior to production is the "easiest" way to ride catch a big evaluation." but i like $ORG in particular because of the huge, additional exploration potential, on top of a solid development project. I have actually moved away from most projects where I don't see 'enough' exploration potential. But the funny thing is that you tagged $SSP and $GQC, and both of those good additional examples of development projects with continued exploration potential. So you seem to focus on a lot of the stuff I like :)
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@MiningBookGuy I've got an update of my own for $ORG followers: I had a great conversation with President Hugh Stuart yesterday. I think $ORG has done a great job communicating with investors via webcasts and attending various conferences. But I wanted to know more details about exploration in the near-term. Keeping it brief, the near-term focus will be on exploration in #Sudan, as communicated by Rick Clark in the recent #SwissMiningInstitute presentation. I think there's potential for more high-grade results to be reported in a few months or so, and for more positive developments in the water exploration (and keep in mind #water could be really key for improving economics in future studies) Personally, I'm most excited about #IvoryCoast in the longer-term. However, this is just moving slowly. I get the impression there could be some good drilling as we get closer to the end of 2017, and maybe work can start much earlier. But things could be really set for a much bigger program in 2018. I feel like #IvoryCoast could stay more under-the-radar in the short-term, even though it's hugely prospective. There are more details. But I'll just say the big takeaway is that I'm even more confident holding shares. As stated before, I'm not necessarily expecting a price spike in the near future. But all the elements are covered, and I really enjoyed talking with Hugh. As a bonus, we did talk a bit about CEO.CA, and it's good to know he has followed some stuff on here, and may follow it more closely now :)
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@FundamentalAnalysis @MiningBookGuy Did you just talk the stock up lol.....
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@HHorseman $MiningBookGuy Thanks man! I will be sure to att #mbgtrends as well. I just didn't want to barge in and "hi-jack" threads not knowing if people actually liked the content I put up. I would like to add that it was your youtube videos of $ORG that really opened my eyes on the company. Those vids, the CEO interview a while back on top of some DD of my own really cemented Orca as a very lucrative investment in my mind. I am thinking of making a post of what I look for in companies regarding maximum appreciation potential... Stuff like development stage, time and size potential etc. If gold would start a big rally TODAY towards $1400 for example, a company like $SSP would probably rocket past most gold juniors since it's viability will go from low to good quite fast. And the size is just enormous. A high margin project will ofc not change that much, neither a big potential play like Orca since there are still a few unknowns left. It's pretty obvious when you consider the market cap of $SSP with companies that pretty much only has potential and not much bankable but are in "good jurisdictions". That's also one apsect I like with $ORG. I mean if Orca stays cheap even when near/at production, the profits will still be as real as profits in Nevada for example. Those profits could even be used to diversify even beyond Ivory Coast. Ergo, Orca's current valuation is like the saying of "leaving cash at the table" IMHO.Sooner or later, the valuation should be forced up with such savvy people as Rick Clarke and management along with the Lundins and Beaty.
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@HHorseman Regarding TA for #Gold #Silver and the miners we are as of now at a very very interesting point in time and price IMHO. http://www.thehedgelesshorseman.com/uncategorized/gold-miners-will-syria-start-next-leg/ #mbgtrends #Gold #Silver $ORG $SSP $GQC
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@HHorseman Seems JP Morgan et al will not be letting a close above the 200 DMAVG happen for #Gold or #Silver (Banks are record short silver). SAD, as Trump would say. $GQC $SSP
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@Pierre Currently, Sudan ranks third after Ghana and South Africa in gold production in Africa, but observers expect it to rank first by 2018. http://www.coastweek.com/4011-Sudan-signs-deal-with-Russian-company-for-gold-exploration.htm #sudan $org
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@Pierre The World Bank Country Director for Ethiopia, Sudan and South Sudan, Carolyn Turk, said on Monday that Sudan could become a “rich country” after the US sanctions have been lifted, Anadolu reported.https://www.middleeastmonitor.com/20170321-world-bank-country-director-sudan-could-become-rich-country-when-us-sanctions-are-lifted/ #sudan $org
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@Pierre Sudan lost most of its oil reserves after the secession of the south in 2011, but it forced the republic to diversify into other sectors like mining, which the minister described as a 'big renaissance for Sudan'. The country is now expecting to be the eighth biggest producer of gold in three years time, he said.http://www.africanreview.com/finance/economy/osama-faisal-sanction-relief-is-a-win-win-situation-not-just-for-sudan-but-for-the-whole-world #sudan $org
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@Brendan that would be some trick if sudan managed to be #1 in African gold production next year. It's hard to believe but it's true they have been steadily moving up the rankings. And with little fanfare or major support @Pierre $org
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@HHorseman @MiningBookGuy @Pierre Excellent stuff. $ORG has so many angles that it is probably the most interesting story I have come across in the mining space. Curve balls can come from anywhere; Lundins wanting to go even bigger than two countries (which is already enough to chew on for years), exploration home runs in the massive districts, fast tracking to production, the final lifting of sanctions, Sudan becoming a growth story etc etc. Orca is very different to most companies I own that generally has one or two factors to watch.
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@Pierre @HHorseman @MiningBookGuy @Brendan Yeah ! $org is such an interesting #sudan story. If the company is good enough for lundin and beaty, it's good enough for me. Let's see !
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@Empire Thanks for sharing all of those articles @pierre, very interesting. $ORG has a nice consolidation pattern going on right now but long term in a a new uptrend, very boring looking which is usually a good sign to either add or start a position. I've been in this for a year now and although the share price hasn't exceeded my expectations the story has. Big things are happening here. I have a feeling the popularity will grow here as time goes on
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@MiningBookGuy @dirkdiggler @RocketRed - for #Hemlo area, 384 hectares very well could be important. But in general, I think @RocketRed is correct. I believe 100 hectares = 1 sq km. therefore, 384 hectares = 3.84 sq km...doesn't sound so impressive now, does it? On the other hand, @rocketred tends to disregard far-off, 'risky' jurisdictions. But that's where I find awesome sized, prospective land packages, like $MOD.AX with 11000+ sq km in #Botswana, or $ORG with originally ~7000 sq km (and now down to a 'paltry' ~3750 sq km based on jurisdiction requirements). But there are plenty of other places too, like #Mongolia, some 'far-off' parts of #Canada, and one I'm really getting interested in for 'district-scale, safe'... #Australia Anyway, just wanted to make this point on both sides...personally, I don't like the mixing of 'hectares' and 'square kilometers'. But it's not as bad as when you see 'feet', mostly for US focused companies! lol #DistrictPlays #LandPackages
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@HHorseman Hey! I did ran correlations for some of the most watched gold companies here on CEO. I will probably add more later. http://www.thehedgelesshorseman.com/gold/look-gold-miners-correlation-numbers/ It would be interesting to run simulations to see if a low correlation portfolio would have had a better risk adjusted return than a high gold beta/ high correlation portfolio, but that is for another time. (A high correlation number between two stocks imply that they move very much in tandem and vice versa). I personally own quite a few stocks that seemed to have low correlation with GDX/GDXJ... My portfolio did not keep up with the Q1 rally in the mining indices. Since then I have added a small position in 3x Bull/Bear GDX depending on where I think we are in the intermediate cycle. This has worked out pretty well so far, since my core portfolio (100% long) was up the last couple of days while my 3x BEAR GDXJ/GDXJ ETF' also showed profit. Anyway, do not read too much into these correlations IMHO for the reasons specified in the post, but it may be a tool to lower portfolio volatility. $SSP $NVO $ORG $SWA $GQC $IDM $SBB $CNL #Gold
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@MiningBookGuy @DJS - I just caught this post from you: https://ceo.ca/aufrica?f0dee5c16bab It was in the #AUfrica room, but NOT the ~AUfrica panel (it's confusing!). Thanks for copying the content, and I'll add the link and a bit more: Did Africa's #2 Gold Nation Just Suspend All Mining Projects? http://piercepoints.com/mining-investment-exploration-ghana-license-suspension-small-scale/ #Ghana #gold #Africa #ArtisanalMining @PiercePoints #PiercePoints I still like #Ghana as a jurisdiction, but this obviously isn't good news. Remains to be seen how much it affects 'small scale mines' vs 'all projects', as Dave said here: "But officials did not confirm whether the licensing suspension applies just to small-scale mines, or to all projects. Leaving open the possibility that new projects may be completely off the table for the time being." IF ANYTHING, it's almost surely a boost for #Sudan to climb up to #2 in overall #gold production in #Africa, which most people are still completely unaware of. I will keep pounding home the point that #Sudan is the 'big surprise' of the last few years in the #gold world. I am very biased on this point with $ORG ...but it really is worth mentioning, because they have this great slide in their recent powerpoints that is directly related to 'Africa gold production' rankings: http://cdn.ceo.ca/1cfh8fv-Top_Gold_Producing_Africa.png+ This is the type of news that starts to get people to question a long-time, leading #gold nation ( #Ghana ), and quietly builds interest in an emerging one ( #Sudan ).
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anonymous @MiningBookGuy Question re: $ORG I watched the recent presentation by Richard Clark with great interest (for those who have not yet had a chance: https://www.youtube.com/watch?v=IwDRmMGJbp0+ ). During one part of the presentation he mentioned that, at times, there were up to 10,000 artisanal miners on their concession. From a glass half full perspective, it was described as a positive (pointing the company in the direction of prospective targets). But I am wondering, in your conversations with management, if they addressed the longer term logistics of having artisanal miners on site (though it wasn't clear to me how many artisanal miners are on the concession at this time). Should a decision be made to go forward with mine construction, is the government prepared to help with the removal of the artisanal miners (and if so, what issues if any, may arise with the local communities), or might the artisanal miners continue to work side-by-side with the company until the 'surface' minerals are depleted and the situation resolves itself on its own? Apart from that, I am looking forward to the release of the anticipated feasibility study mid year (as well as any news related to their other targets in Sudan or the Ivory Coast). Thanks very much for your ongoing research and thoughts -- I look forward to following your posts regarding developments in West Africa.
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@Bleu ANON - I'm sure Clark said that when they are asked to leave, they will. He seemed to think it was no big deal.
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@martin The people of Sudan are apparently quite law-abiding. I suppose that tends to happen with dictators. I have heard that the artisanal miners will move on when asked to do so. There are other opportunities for them to find gold.
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@Empire $ORG holding up well during this softness in the mining stocks.Impressive to say the least
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@Pierre Sudan says there are indicators for permanent lift of U.S sanctions http://sudantribune.com/spip.php?article62283 $org #sudan
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@Pierre The Sudanese Agricultural Bank has signed four agreements with major American companies in the fields of axial irrigation, irrigation pumps, silos, solar energy, and water technology. http://allafrica.com/stories/201704240903.html #sudan $org
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@MiningBookGuy @Pierre - these are excellent $ORG / #Sudan relevant links, thank you for posting!
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@MiningBookGuy @anonymous RE: https://ceo.ca/org?a298aceb7a22 - sorry for not responding sooner! i was going to, then saw some quick responses, and completely forgot until now. I indirectly discussed the artisanal miners on the #Sudan concession about a month ago with Elina, IR at at $ORG. While I didn't take great notes, I can confirm what @martin has already said here: https://ceo.ca/org?0925126d6e54 This is in-line with #artisanalmining across much of the rest of #Africa ... $ORG is not unique in this respect. It's just that there's probably 'more' artisanal miners right now in #Sudan than anywhere else. I will add one other note (*please confirm this directly with Elina/management if you want to look into it further): Elina told me that there is a huge incentive for $ORG to succeed, because a plant can be built where artisanal mining ore can be processed on site, instead of it needing to be dragged over to the nile, and creating typical environmental problems needing mercury for recovery. I DON'T know the details. BUT, I think this is a huge win-win-win, where $ORG / #Sudan govt. / Artisanal Miners can co-exist to a degree. And again, I don't think the artisanal mining is going to be an issue in the long-run no matter what happens. But the key is that $ORG and the Sudanese government are on the same page, and incentives seem very aligned, perhaps even more so than any other country in #Africa right now (and if you want an example of the opposite, just look at what's going on with $ACA.L in #Tanzania).
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@soulMiner Nice post @MiningBookGuy. That's important info. I think things are going to get really interesting from here. I believe the FS is coming up in June and then in July we will find out if US sanctions will be lifted. All looking very promising though.
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@HHorseman @Jayfire $CDB has given back most of it's drill hit gains, which made me buy a small amount today. $DV is looking really cheap, but I have such a large position already that I can't really justify buying more. $TGZ seems cheap. I think that some pure silver exploration plays are expensive relative to silver explorer/developers. At the same time some pure gold exploration plays seem pretty cheap. I would like to pick up more $F but I would like it to drop a bit more first. $SSP is starting to get pretty cheap again... Actually I think there is a lot of disclocation in the precious metal sector right now. Most producers seem to price in a higher gold price, silver exploration plays seem to price in a decent silver price, silver explorers/developers seem to be pricing in a low silver price, some gold explorers/developers seem to be pricing in a low gold price. #Gold #Silver #mbgtrends Sum up: I am not eyeing mid/large cap producers (except $KL and $TGZ). I am eyeing gold explorers/developers that has taken big hits already (diverged from GDX/GDXJ), like $SSP, the chronically cheap $ORG even though they have held up pretty good compared to others in the last couple of weeks. I am not eyeing many pure exploration plays in silver ATM but I am eyeing silver explorers/developers with silver in the bank. I think they have too low of a premium compared to the pure hope plays. With an escalation in trade wars and tariffs (most recently the US tariff on Canadian lumber) I try to diversify geographically as much as I can.
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@HHorseman @MiningBookGuy @Pierre Big thanks for the info! I hope we will all sit "fat and happy" in a couple of years cause of $ORG delivering the goods and the gains. I see a big catalyst when Sudan is in production, but the even bigger one if/when they get two mines up and running (with Ivory coast). That would deliver a multiple mine revaluation on top of a diversified production revaluation. Not too far fetched to think Orca producing 200kOz+/year in 2020+. And we would be able to finance much if not all of the second mine internally.
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