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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.
@0Kib#copper is simply responding to recent progress at Grasberg (most recently operating at 40% utilization) and end of strike at Escondida. Doesn't change LT fundamentals which remain super bullish $IVN
@GoldfingerThe problem with $GDXJ as an ETF is that in order to accommodate the huge size of fund flows into it the fund has turned into a diversified mess that doesn't really have a clear point. It owns mid-tier producers, explorers, royalty plays, $silver plays, $copper plays, $gold plays. 54 different companies that just happen to have something to do with mining of some sort...
@PamplonaTrader$CGP my latest conviction buy. Based on where $SOLG.L is trading, $CGP should be worth at least $0.51/sh, not accounting for any more upside for $SOLG.L and on the value of Cascabel alone. $CGP has an extensive portfolio of regional projects. #copper
@Goldfinger@Highheat$GDXJ not being held down by short selling, simply not enough motivated buyers and evidently there are seller at these levels. GDXJ probably being weighed down a lot by what's going on in other mining sectors i.e. $copper
Friedland on the state of copper
In a keynote address at Mines and Money Asia in Hong Kong yesterday, Friedland said while global warming remained a contentious debate, air pollution was a crisis that needed an immediate solution.
“It’s going to have a wicked effect on some raw materials,” he said.
He spoke of a “mushrooming mindset” in Europe and North America regarding the movement to electric vehicles.
“The transformation of the auto industry in the next 20 years will be the most significant transformation of our time,” Friedland said.
“But it’s in China where we’re going to have the biggest disruption.”
Friedland said anyone who didn’t believe the Chinese government’s pledge to return to blue skys was an “idiot”.
“The era of electric vehicles is dawning,” he said.
“This change is coming at you so fast – the only reason you don’t know about it is that the mining industry is populated by stupid people like me.”
Friedland said if one in 10 Chinese cars switched to hydrogen fuel cell cars, global platinum production would need to double to meet demand.
“But there’s only one commodity that benefits from the evolution of technology,” he said.
Friedland believes copper demand will soar due to its widespread use in new technology and the lack of discoveries.
“Don’t worry about the copper price today,” he said.
“You’re really going to feel it bite you on the derriere by 2021.
“You’re going to need a telescope to see the copper price in 2021!”
Friedland said to meet demand, copper production would need to double and it “ain’t gonna happen”.
And declining grades and reserves are only going to exacerbate the problem.
“Most copper mines today are like little old ladies waiting in bed to die,” Friedland said.
Even if no new technology was adopted, Friedland said there still wouldn’t be enough copper.
“This is a nightmare coming soon to a theatre near you,” he said.
“New technology is wildly copper intensive. Copper will be the most valuable of all metals.” #copper$IVN$ARS$ARS.L$SOLG.L$CGP$REG
@GoldfingerClassic Friedland quote: "You’re going to need a telescope to see the $copper price in 2021!”.... evokes fear of missing out and greed....after all I don't want to be the one who missed out on a monster copper rally while others made huge profits right?
@Leon@stateside - there are so many war scenarios going on right now with Syria / Iran / Russia / #NorthKorea and even China, that I believe the sabre rattling serves as a distraction from domestic problems in the U.S.(tax-reform, health-care issues, debt-ceiling etc) and the EU as well (integration problems, election in France, national indebtedness of Greece, Italy etc., independent movements > Brexit etc. and NATO's Turkey with its nuclear weapons arsenal in Incirlik on the brink to dictatorship). How does it come that #Trump changed his agenda so fast from "Why waste American lives and American wealth on wars you can't win?" .. Because "the elite" gain power and money from foreign wars! #oil#gold#copper#iron-orewww.internationalman.com/articles/heavily-armed-swamp-critters
@PamplonaTrader$SOLG.L$CGP hasn't even hit the high-grade core of Alpala. They could be getting close if Hole 25 is any indication:
"The majority of mineralization seen to date is associated with lower temperature alteration minerals, which suggest that Alpala’s high-temperature and higher-grade core is yet to be discovered."
“When we start seeing bornite more than chalcopyrite, then we know we’re getting closer to its heart, and that’s when we could see our grades potentially double.”
"Hole 25 (CSD-17-025)...The abundance of bornite in this interval is visually estimated to range from zero to **4.0 volume-percent bornite**."
@PamplonaTraderThose who think they've already "missed" the move on $SOLG.L$CGP need to take a closer look. Alpala being compared to Hugo Dummett at Oyu Tolgoi. Oyu Tolgoi is worth over US$10bln while Cascabel is currently valued at ~US$800M.
Alpala isn't even their highest priority target. That title belongs to Aguinaga:
Looking at their presentation, the bit that made me fall out my chair is that the company estimates aggregate targets (based on magnetic signatures) of up to 10 BILLION TONNES @ 0.6% Cu and 0.8gpt Au (~1.4%CuEq) or more than 3x the tonnage of Oyo Tolgoi. 10Bt @ 1.4%CuEq is over 300 BILLION LBS of CuEq!
@PamplonaTraderIn my view, $SOLG.L has strongly hinted at plans to consolidate 100% ownership of Cascabel (and acquiring even more fertile ground in Ecuador):
From September 26 NR: "Intense interest in the Cascabel Project **and** SolGold itself from North American investors and major mining companies drive our interest in the Toronto Stock Exchange (TSX) as an additional stock exchange listing for SolGold and we will be pursuing that in the near future."
^Why would SolGold differentiate between the interest in Cascabel and SolGold?
From a Northern Miner article published in February: “This is a transformational project for a company to have, so we’re not interested in a joint venture,” he says. “We want to take what we used to discover Alpala, and not only apply it to the rest of the property, but to the rest of Ecuador, as well. This is a geological province that has been neglected from an exploration point of view, and we feel like we’re just cracking the rock open.
^The company explicitly says they are not interested in Joint Ventures and that they hope to apply their exploration methodology to other prospective targets in Ecuador... hmmmmmmmm...
@PamplonaTrader$SOLG.L$CGP holes 24 and 25 results pending.
"Chalcopyrite-bornite mineralisation with magnetite and potassic alteration in holes 24 and 25 indicate proximity to the high temperature core of the Alpala system and the predictive nature of the 3D Magnetic model at Cascabel."
Also, they begin drilling at Aguinaga within the next couple months.
@PeteHow quick can YOU drill and deliver? "track mounted RC drill rig which was mobilized to site on March 26 and began working the following day.
The initial program is expected to be completed in about 3 weeks and will total between 2,500 and 3,000 meters of drilling, in 10 holes. The drill holes are planned to range in depth from 150 meters to 350 meters." 2 released yesterday, 3 waiting on assays and than 5 finishing atm #copper#drillplays
@GoldfingerAgricultural commodities are heavily shorted here, with $wheat reaching a record managed money net short. Producers long ag commodities, short metals and energy commodities. $copper$gold$oil$silver
@GoldfingerThings i've learned in Arizona: The state is basically made of $copper. Very interesting copper play about to move into production in early 2018 Excelsior Mining $MIN utilizing an in-situ mining method. They are able to pull this method off because the resource is under the water table, thus they are able to mine a fairly low grade copper resource very profitably at $1.23/lb AISC.
Chart looks good with nice high & tight light volume bull flag on the weekly: http://cdn.ceo.ca/1cfnun7-MIN.TO_Weekly.png+ Wouldn't want to see it fall below C$.75 though. Stock trades pretty thin though considering market cap of C$139 million.
@Onlyflaws@Paul Use the $ prefix to tag specific company and it will appear on that company's channel, for example $MARL. # you can use for tagging general topics: #zinc#copper#mbgtrends etc. There was a tutorial somewhere, maybe one of the guys can post a link to that.
@Goldfinger$REG to begin drilling at AntaKori in $Peru shortly, via Haywood:
"We recently visited Regulus Resources’ (REG-V) AntaKori copper-gold deposit in northern Peru. Regulus is managed by the same team responsible for Antares Minerals Inc., which discovered the Haquira porphyry copper deposit and was subsequently acquired by First Quantum Minerals Inc. (FM-T, not rated) for C$460 million in 2010. Following this success, the team formed Regulus Resources, and after merging with Southern Legacy Minerals Inc. in 2014, has been focused on advancing its AntaKori deposit.
Regulus has just mobilized a drill rig to site, where drilling is expected to begin shortly. The Company is also well funded with ~$11 million, plus 5.5 million warrants exercisable at $0.70 per share that are due to expire in November this year. Most of the $11 million is expected to be used to fund a 15,000 to 18,000 metre drilling program in 2017." $copper$gold