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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.
@Friednext new significant copper gold discovery ??? - http://resourcestockdigest.com/archives/interview_hold/index.php?&content_id=4499 ...A kilometer to the south of us, we see a big geochemistry signature. We see the geophysics, and it looks like it's 2-3 times the size of Alacran. Hopefully when we drill, we see another Alacran there. The point here is, Alacran is special but we think there's multiple Alacrans in our district. We think there's multiple porphyries in our district. We're going to aggressively drill all these targets in 2017. $CDB$GOLD$COPPER
@nicholaslepan#Copper prices are up nearly $50/t trading above the $6,000/t level on the news of a deadlock in negotiations between Freeport and local authorities over terms of its production license.
- Freeport $FCX said it is prepared to take the government to court over changes to the existing Contract of Work at Grasberg while halting its copper concentrate shipments in the meantime.
- The Company “reserved all of its rights pursuant to the contract against the government, including the right to commence arbitration to enforce all provisions of the contract and seek applicable damages”.
#Copper US$ 6,012/t vs US$5,973/t last week
@GoldfingerAugust put seller in $FCX $12 strike puts sells 4,500 contracts to open (expiring August 18) and receives $418,500 ($.93/contract) in premium. $11.07 breakeven share price on this trade if puts are exercised. $copper
@GoldfingerPut seller clearly betting some of today's selling is overdone and $FCX will get the situation under control by August. Also seeing some March call option activity in $FCX. All of this coming after DB downgrades the stock to sell after dispute with Indonesia government over its Grasberg $copper mine (world's 2nd largest).
@Goldfinger$FCX - Testing previous resistance near $14, below lower Bollinger Band. FCX has a strong history of bouncing back from below the lower BB after a decent sell-off such as the last week. Notice significant momentum divergence (RSI) at recent $17.06 peak. http://cdn.ceo.ca/1cap7ab-FCX_BB.png+$copper
@tonyt$fnc#copper. Check these copper intersects from their NR back in 2015 (drilled earlier) "The Company is actively seeking joint venture partners on its Stoke and Clinton projects in the Quebec Appalachians. On the Stoke property significant copper intersections (7.9%Cu/6.4m, 6.34%Cu/5.1m) are associated with a strong gravity anomaly, while a
much larger, similar and untested anomaly lies some 700m to the NW in a similar geological environment. The Clinton property hosts a series of small lenses of VMS
mineralization. A drilling program conducted in 2014 consisted of five drill holes to test some of the lenses. The final drill hole in one of these lenses returned 2.78%Cu/24.7m suggesting the possibility of larger volumes of mineralized material."
Plenty of cobalt in the DRC, the world does not need for anyone to find more cobalt there. If there are supply disruptions as a consequence of the volatile political climate in the DRC, what do you suppose happens to cobalt prices? $ARL.AX would certainly participate in higher prices but will $NZC.AX?
The other question - in a jurisdiction with extremely rich copper-cobalt mines, how does $NZC.AX differentiate itself? Does it make sense for Glencore to divert capital from Katanga/Mutanda to develop a much smaller deposit in Kalongwe? Kalongwe would have to be a HUGE deposit for Glencore to want it. Likewise, it would have to be HUGE for anyone else to justify the long-term financial commitment of developing Kalongwe given the obvious risk of operating in the jurisdiction.
Even Gertler's Fleurette is getting the heck out of dodge. With the unraveling of Kabila's regime, Gertler can no longer leverage political connections. Glencore is monied enough to navigate the difficult climate and if there are bumps along the way, it can ride out the issues.
Having said the above, I know a couple of smart people in $NZC.AX - they are buying it for what Kalowange can become. Personally, I'd rather buy $ARL.AX for what KNP already is.
@Excelsior@MiningBookGuy - Great points on $ARL.AX and giving investors the option of diversifying out of riskier jurisdictions like #DRC for #Cobalt exposure. I wish Ardea all the success in the world and personally have some exposure to them through their mother company $HER Heron Resources.
Heron has a nice share position since they were the ones that just spun out these projects to create Ardea. This was the wise move for Heron, so they could strictly focus on their Woodlawn #Copper#Zinc project, and because these other #Cobalt and other #BaseMetals projects were not getting properly valued by the marketplace anyway under Heron's umbrella.
Now these projects that Ardea holds separately have a chance to advance, and the focus of Heron can stay on taking Woodlawn into #production. Fun times!
@Goldfinger$FCX - Another example of context, similar set up to mid-December (6 days down, and below lower Bollinger Band). However, a key difference is that in December price was above a rising 50-day moving average, today it is below a flat to slightly downward sloping 50-day SMA: http://cdn.ceo.ca/1carfoi-FCX_analog.png+ in December it was a good buying opp, what will it be today?.... $copper
@nicholaslepanVale’s #copper output reached an all-time high of 453,100 tonnes in 2016, up 29,300 tonnes from 2015, according to 100ppi.com. Copper production at Salobo recorded at 175,900 tonnes in 2016, a rise of 20,500 tonnes from 2015. $VALE
@RocketRed$Svt around 700 mil lbs Zinc 3 mil market cap looks like its getting set up plus 1 mil tons #copper Zinc deposit by $SBB 2017-02-22 17:42 $SVT SEDAR Early Warning Report SEDAR Early Warning Report one to radar after big block trade today
@GoldfingerCompelling interview here on $NAK$NDM: https://katusaresearch.com/one-worlds-greatest-geologists-talks-northern-dynastys-pebble-deposit/ granted it's an extremely biased source, however, there are certain things that are factual and not as subject to opinions. They are either true or false. Lowell sees 2 or 3 open pits as well as an underground component, with Pebble becoming the world's largest $copper/ $gold mine. If this is correct that leaves the two biggest challenges being permitting (clearly the top challenge) and metals prices (a distant second). Even if it costs $10 billion to build this thing there is more than enough metal in the ground to justify building the mine.