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@MiningBookGuy @FundamentalAnalysis - here is some quick interpretation of the $TGZ #GoldenHill #exploration results from me: 1. Using a key quote in the NR: ["The assay results for Ma and Nahiri are very encouraging for an early stage exploration program," said David Mallo, Teranga's Vice President, Exploration. "They display good grades, widths, continuity and strike length in each prospect, and the mineralized zones occur from surface with good oxide depth developed."] Assuming David Mallo means all these results are oxide gold and potential for oxide can go deeper, this is VERY good news! Many of the 'Ma' results are 30-40m deep, which is relatively close to surface. As an interesting comparison, I believe many of the $SCA #Karankasso results are of similar grade/width. BUT, those are often deeper (like 100m-150m depth), and NOT oxide. We really like oxide for ease of getting the gold out of the ground. so I hope I'm correct that this is all oxide, and there's potential for a lot more. 2. I don't know why companies do this. But there is a pretty good image hidden at the end of the NR (I am sure some people missed this in a first pass): http://media3.marketwire.com/docs/MaProspectPrimaryandSecondaryStructures.jpg+ This is useful to match up the drill results with their location, and confirm some continuity. The continuity is very important and often overlooked in juniors (at least early on). I DO think this is very encouraging as stated in the NR. But I'm not sure about 'true widths', and it would have been nice to see 'Ma' intersections at 10m+. We do see that Nahiri, but I can't find an image related to those results. One reason Ma is emphasized here is the 'strike length' is currently much larger than Nahiri. I am guessing there's a lot more immediate 'follow-up' potential for Ma.
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@MiningBookGuy @FundamentalAnalysis $TGZ #GoldenHill #exploration cont. - So at this stage, I need to get some help to interpret further, and will re-read this NR multiple times in the coming weeks to 'soak it in' (honestly, sometimes it works!). I think it's important to realize that most seasoned speculators are pretty poor at interpreting these types of results, and there's A LOT of missing info. I'm actually a bit disappointed to not see cross-sections...but keep in mind this is a mid-tier that might NOT want to share too much right now! (I know that $RRS.L #Randgold does all sorts of interesting exploration, and they are known to hold back a lot of info until they really want to the market to know it). Anyway, I just wanted to give an idea of how I look at it. It's great these are just the first 2 of 10 prospects! As previously stated, its an EXCELLENT zip code, and I think experts are going to start paying attention to #GoldenHill very soon. I look forward to follow-up results to get a better handle on what's going on.
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@Excelsior @HHorseman - Good thoughts on the #Silver miners today (as per usual). Since we discussed $IPT yesterday in our laundry list of #producers with great #exploration potential, I though you may like these charts from my buddy Matthew (on the KER) showing just how resilient it has been compared to many of its smaller Silver producer peers Also the first chart illustrates just one example of how Silver miners can outperform in bull market moves. What is also hilarious is how many investors have Gold tunnel-vision and ripped on Silver miners and Silver investors at the beginning of 2016 and some well known geologists called them wingnuts or mouth breathers, yet companies like Impact Silver, Silvercorp, Excellon, Americas Silver, etc.. trounced the returns in most of their picks. What part of Silver out-performs on the upside/downside don't PM investors understand? : On April 25, 2017 at 5:34 pm, Matthew says: IPT’s bullish consolidation continues… http://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=2&mn=0&dy=18&id=p36335037119&a=475140420 *** [as mentioned yesterday, few miners had this kind of a 10-Bagger move in 2016 - see above #chart] http://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=0&dy=0&id=p65098814607&a=517725786 http://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=0&dy=13&id=p64244836675&a=504696309
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@Excelsior @HHorseman - Yes, I agree that with certain companies like $USA $USAS or $EXN $EXLLF or $AXU $AXR that they've done a great deal to turn their operations around in a more vocal way, and they are starting to see the first green shoots over the last year where the marketplace is waking up to some of these more high-throttled $Silver companies. $IPT $ISVLF has some very high grade, and is also the most "Pure" Silver Producer (way beyond $AG First Majestic's claims) https://image.slidesharecdn.com/20161122iptpptgg1forwebsiteandtour-161214203722/95/corporate-presentation-23-1024.jpg?cb=1481747968 $IPT revenues come from 89% #Silver, 3% #Gold, 5% #Lead, 3% #Zinc $AG $FR First Majestic is a little over 70% in #Silver. 18% #Gold, 10% #Lead, 2% #Zinc Few, however, are aware of the huge #Exploration upside that they have. I posted those pages from their Corporate Presentation yesterday, but again, there were over 4,000 old artisinal mines and 75 prior processing plants on their land package, and they haven't even explored 5% of them yet. They have some room to grow, but my only concern is that they aren't a mega-corp with the resources to unleash the drill rigs. I'd love to see 10 to 15 drill rigs sweep that land and clean up shop, but they are more slow and steady wins the race. :-) @HHorseman - great point about this being the "calm before the storm" and that when the PM bull market gets going in earnest that money will spill into all these Jr companies. The recent issues with $GDXJ just highlights that the Jr ETFs aren't very exposed to the high-torque Juniors. The reality is that investors who want exposure to these companies are better off building their own JR ETFs inside their portfolios (If they are willing to keep a vigilant eye and do the homework).
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@Excelsior @FundamentalAnalysis - Me too. I watched the $SWA #Video @MiningBookGuy made twice, spent some time on their site, got enthralled looking at #maps of the #Hounde Belt, and thought, an eventual consolidation in that area does make sense. I share his enthusiasm for $TGZ at Golden Hill, and that $ROG $EDV and $SMF and maybe even $ACA.L may have a go at $SWA or $SCA Considering all the mergers and #takeover deals we've seen in w. Africa like True Gold getting gobbled up by Endeavour, Amara getting acquired by Perseus, Gryphon getting nabbed by Teranga, and Merrex getting acquired by IAMGOlD, then more acquisitions seem quite likely. I also thought, @MiningBookGuy if you feel that strongly about it, and it as one of your top positions, then OK OK - Geesh - I'll get some.... :-) #FOMO (you got me haha!) As mentioned above, I felt over-exposed to the #developers and wanted a good #Exploration play in #WestAfrica. I'd been looking at $CDV.AX Cardinal Resources and few others since my Gryphon shares got gobbled up by Teranga, so Sarama Resources fit the bill nicely.
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@Excelsior $MQR $MRQRF Monarques Gold announces Substantial Increase in its Drilling Program April 27, 2017 #Gold #Exploration #Drillplays “The Corporation has completed approximately 25% of its aggressive program of #drilling on Croinor Gold and Gold Bug. Given the success achieved to date and the ongoing drilling by two drill rigs through to the end of this summer, the final program will be well over the 10,000 metres initially planned.” "The drilling program on Simkar Gold is now complete, with the Corporation having drilled four holes totalling approximately 3,000 metres. The program was aimed at exploring a diorite-hosted gold-bearing zone where historical drill intersections had returned grades of up to 38.7 g/t Au over 3.8 metres. Samples have been sent to the laboratory for assaying and the results will be forthcoming shortly. "Monarques has also started a new eight-hole program on Gold Bug, to be drilled between the Bug Lake corridor and the Tranche 2 corridor (see drilling plan). The goal of this program is to increase the area’s gold potential by focusing on new exploration targets. “On April 4, 2017, the Corporation announced that drilling on Gold Bug had confirmed the presence of a shear corridor about 15 metres wide with a vertical depth of at least 115 metres containing anomalous to economical gold grades, including 8.41 g/t Au over 25 metres in Hole CR-16-521 and 6.96 g/t Au over 15 metres (including 17.1 g/t Au over 5.9 metres) in Hole CR-17-532. The widths indicated are core lengths as true width cannot be estimated.” “Finally, 26 drill targets have been identified on the 150 km2 Croinor Gold property by Diagnos technology using its proprietary CARDS system. In the coming weeks, the Corporation will prioritize one of those targets, located 300 metres from Gold Bug, where it will drill six 250-metre holes for a total of 1,500 metres of drilling.” http://monarquesgold.com/news-releases/monarques-gold-announces-substantial-increase-in-its-drilling-program
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@MiningBookGuy If anyone missed the $TGZ webcast, please go to this link, it's easy to sign up for the archived version: http://www.terangagold.com/English/investors/events/CalendarofEventsDetails/2017/First-Quarter-Financial--Operating-Results-Conference-Call--Webcast/default.aspx This was a great summary. I am confident in the the #exploration #development side of the $TGZ story (which is very impactful for $TGZ relative to other mid-tiers, considering the low market-cap/EV). I probably should dig more into #Sabodala / #Productions side and figuring out whether this is pretty much a 'sure thing' to be generating 'consistent' cash flow at a ~$1200/oz gold price or higher...that's what I assume, but it's very hard for me to tell the risks for operations over the next few years (just look at $PRU $PRU.AX with their continued problems with #Edikan ). If I was fully confident, I would be buying more shares in $TGZ this second (I already bought some more the last few weeks). Anyway, I think $TGZ has the best potential catalysts for ANY mid-tier in 2017, and very excited to see progress! ~AUfrica
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@MiningBookGuy @FundamentalAnalysis @Excelsior & others - EXCELLENT continued #Africa #WestAfrica discussion! lol, #mbgtrends rapidly becoming #goto place for #Africa #gold talk, who knew?? :P @Excelsior - haha, nice #MiningSnacks tag, creativity in tagging encouraged! @FundamentalAnalysis - you mentioned $K as an example for consolidating #WestAfrica. Unfortunately, they are the prime example of what NOT to do...but what we as seekers of juniors look for, with the case of #RedBack Mining during the last cycle peak in 2010-2011. $K's #Tier1 #Tasiast IS a main focus...but requires a huge amount of capital, and they can only do so much. So it's clear that $K is a leader in buying 'small stakes' in various mining companies around the world. This still includes #WestAfrica (with $ORG, the #RedBack guys in their new company, being a prime example with the #IvoryCoast #exploration assets). They and others can still build stakes and minimize risk. Another example is $GFI with $CDV.AX in #Ghana, building a stake on the open market I believe ...that's a #miningsnack right there! Anyway, the activity is there, but we haven't had big M&A, and for the M&A out there, it's been the mid-tiers taking advantage of the situation (with the 2 key ones I keep going back to being $BTO with #Fekola and $SMF with #Natougou, arguably the #1 and #2 acquisitions of this cycle ANYWHERE in the world...TBD) Ok, probably enough out of me because I've got some other things to take care of. but thanks again for stimulating talk here, and #WestAfrica (and further #Africa) excitement is likely just beginning! glad that #CEO.CA is quickly becoming ground-zero for these types of discussions! :)
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@Excelsior $DML $DNN Denison Reports Q1 2017 Results Including Highlights From Successful Winter 2017 #Exploration Programs > "On February 13, 2017, Denison closed the #TollMilling Transaction under which Denison received an upfront payment of $32,860,000 (CAD$43,500,000), in exchange for its right to receive future toll milling cash receipts from the MLJV under the current toll milling agreement with the Cigar Lake Joint Venture from July 1, 2016 onwards. The upfront payment has been accounted for as deferred revenue." $CCO $CCJ $ARVCF > "Revenue from #DES (Denison Environmental Services) during Q1 2017 was $1,496,000, while revenue from the Company's management contract with UPC was $307,000." > Other Income - During Q1 2017, the Company recognized gains of $3,508,000 in other income. The gains in the current period were predominantly due to gains on investments carried at fair value, of $2,938,000, driven by favourable mark-to-market adjustments on the Company's investments in $GXU GoviEx Uranium Inc. and $SYH Skyharbour Resources Ltd. * Q1 2017 PERFORMANCE HIGHLIGHTS -- Extended high-grade mineralization within the Gryphon D series of lenses at Wheeler River -- Continued infill #drilling, to increase the confidence of current resources estimated for the Gryphon deposit, returned confirmatory high-grade and thick intersections -- Executed Agreement to Increase Ownership of Wheeler River Project Up to 66% -- Closed non-dilutive financing for gross proceeds of CAD$43.5 million, providing financial flexibility to fund future project development activities -- Obtained financing for the Company's 2018 Canadian exploration activities -- Exploration Drilling Outside of the Gryphon Resource --Evaluation Program / #PFS Activities #Uranium #Development #AthabascaBasin http://denisonmines.mwnewsroom.com/press-releases/denison-reports-q1-2017-results-including-highlights-from-successful-winter-2017-tsx-dml-201705021093480001
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@Excelsior @Jayfire and @HHorseman - Just woke up and saw a Silver discussion going on. I'm not sure what the investment objectives are of the people writing to you, but again they could go with the ETF $SIL (not Silvercrest as it displays here - although they are a great Exploration team to throw into the mix here), or there is the "Junior" Silver ETF $SILJ. If these investors want more stable names in the #Silver mining space, then I agree with you both that names like $AG $HL $TAHO $FRES.L $HOC.L $CDE $PAAS $SSRI are the way to go with the larger cap stocks. If they want a few MidTiers there are are $EXK $GPR $FSM $ASM $MAG that are all solid companies. Personally, I just tend to go with the Smaller #Producers $USAS $IPT $EXN $SCZ and #Developers $AXR $BCM $AUN $BHS $MSV $GRG etc... because they have the potential for out-sized gains in a rising metals price environment and they destroyed the gains of the larger companies last year in 2016, [and on every counter trend rally in 2012, 2013, 2014, and 2015]. One of the reasons for this is that they go from "underwater" and distressed (and therefore despised by investors) to suddenly increasing margins, improved costs, and then even profitability as #Silver and (Zinc/Lead) start creeping up in value. Lastly, the #Explorers in any commodity can offer up the biggest gains like $SIL Silvercrest $CLZ and $BBB did last year on some good drilling, but like Gold or Copper explorers, most won't find enough to make an economical deposit. $KS and $BBB have brownfields development and sunk costs already in place since they are prior mining districts (so there is far more likelihood of them getting their permits to restart mines, and we know the best place to find deposits is often in the shadow of other mines). $DV is the explorer that many on here have their eyes on a site sponsor and #GoldenTriangle play, and I am also a shareholder interested to see how their drill program goes. I owned them last year and mentioned for several months that $HL was going to make a go at them, but then many acted surprised when they did. (the next time they get an offer, I believe they may accept it). I like Gary Cope (of Orko Silver and Orex) and he is good at getting companies to the point of takeover. $KTN is a VERY solid #Exploration company and will be moving into #Development soon. $MMG is getting noticed again because their property surrounds $AXU at Keno Hill. There are also a few new names getting traction the last 2 years like $SVB, $SSV, $BTT, $BCK, and $AZS starting to make some traction and get a following. Of course, in corrective environments like we have now, they also sell off much harder, and some investors can't handle that kind of volatility and would be better served with the more conservative names in the space.
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@MiningBookGuy Hi @Paul. So on $MOD.AX: There's this post from last night: https://ceo.ca/mod.ax?cf0fcd9d858f And to add to that, I can only think this is an opportunity based on what's happened and what's coming. They raised at 0.062 AUD with no warrants...so there was a chance to buy as low as 0.047 AUD, and that's a very significant discount. They are fully cashed up and most of the drilling is #greenfields #exploration, even though they have a solid project that should have a PFS by the end of the year. In the #copper space, there is no better play with the combination of #development #exploration right now at a ~100M market cap. With all that said, it makes sense that the market was disappointed by recent results (as was I). I do wonder how much zone 2 will add to the T3 project so far. BUT (and this is crucial): the 11000+ sqkm #exploration upside was ALWAYS the main reason I was so excited about $MOD.AX (and $MTR.L has a significant part of that as well). Not only do most people just not 'get this', but North Americans are barely paying attention (you can just tell by relative commenting with other plays of a similar nature). Sometimes ASX stocks DO get attention here....but I LOVE that so few people have even been paying attention to this huge share price drop and rebound over the past couple days. You are paying attention...but you're from the UK. And I know others paying attention are NOT the typical North American investors at ceo.ca Bottom Line: this COULD go down further or stay down. But everything I just described smacks of opportunity. $MOD.AX probably has the most exciting drilling coming of any of the plays I follow or own across any commodity...now let's see if they discover something new!
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@Excelsior #Korelin Economics Report - WEEKEND SHOW – Sat 6 May, 2017 RECAPPING THE WORST WEEK FOR #GOLD ALL YEAR "We made it to the weekend. After the worst week for gold since the election there has been some major damage done to the #charts. Now in oversold territory some are expecting a bump in the coupling weeks. Unfortunately this bump would have a long way to go to renew the bullish attitude. There are some great deals on PM stocks but is now really the time to buy?" >> Segment 1 & 2: In the first two segments to kick off the show I have a relatively new newsletter writer who is focused on metals stocks – David Erfle, Founder of the #JuniorMiningJunkie. In the first segment we discuses 3 major potential #gold metal catalysts. The second segment is focused on 3 stock that David is trading. > Segment 3: $AVA Aurvista Gold President and CEO Jean LaFleur updates us on the 30,000 meter drill program underway and when we can expect these drill results. > Segment 4: Another new guest to the program Chris Kimble from Kimble #Charting Solutions joined me on our Monday market wrap. This is another chartist I am very impressed with. > Segment 5: An update from $FPC Falco Resources on the moves toward #production and updates on the major #exploration drilling program underway. > Segment 6: Doc and I focus on the longer-term gold #charts to determine if we could be stuck in a trading range for years. > Segment 7: George Gero, Managing Partner at RBC Wealth Management – “Today’s ~sellers could turn into tomorrow’s ~buyers”. > Segment 8: Round 2 of the #FrenchElection is tomorrow (Sunday) so Chris Temple and I breakdown what is could mean for the rest of #Europe and the world. http://www.kereport.com/2017/05/06/recapping-worst-week-gold-year/
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@Excelsior $AR $ARNGF Argonaut Gold Extends Mineralization On Recently Acquired Fresnillo Mineral Concession Adjacent To The El Castillo Mine (May 8, 2017) #Gold #Production #Exploration Pete Dougherty, President & CEO commented: “With the #acquisition of $FRES.L Fresnillo’s San Juan concession and the drill results so far, we expected to increase the life of the El Castillo mine. #Drilling results to date are positive and indicate strong potential to expand the current pit limits initially into the North Target area. This previously announced acquisition also allows us to extract a large, known wedge of economic mineralization that lies on our side of the original concession boundary, as we move the pit wall back onto the newly acquired ground.” http://www.argonautgold.com/news_events/news/news_release/index.php?content_id=333
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@Excelsior $MLN $MLNGF Marlin Gold Confirms the Discovery of a New Gold Zone at the Commonwealth Project May 4, 2017 — #Production #Exploration #DrillPlays #Streaming #Royalty “Marlin Gold Mining Ltd. is pleased to report drilling results from its wholly owned Commonwealth #silver and #gold project in Cochise County, #Arizona.” Akiba Leisman, Executive Chairman and Interim CEO states that, “based solely on the discovery hole, the interpretation of the Footwall Zone was that of a high grade, but small target. Now that we have #drill tested the Footwall Zone with 12 core holes, and hit significant intercepts on seven of these holes, we believe the potential of this target has increased substantially. As a result, we will continue drill testing down dip and along strike. Additionally, the better understanding of this new gold zone on Pearce Hill provides us an analog that we can look for elsewhere on our approximately 3,600 acres of privately owned land using targets developed from our geochemistry and geophysics programs.” http://www.marlingold.com/announcements/confirms-the-discovery-of-a-new-gold-zone-at-the-commonwealth-project-highlighted-by-2-20-g-t-aueq-o
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@Excelsior @FundamentalAnalysis - Yes I like to see stronger inside ownership and strategic investors, but it is not my primary data point. The economics and leverage to rising prices are my key components. Secondary to that is #Exploration upside, so they can expand their resources, extend mine life, and find new deposits. After that is their mix of metals, pipeline of projects, areas for further cost improvements, and Jurisdiction. The ownership stake comes in somewhere after that for me personally.
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@Excelsior @FundamentalAnalysis - With #Producers it is more about costs, margins, revenues and the torque they have relative to a rising #Silver price. In addition, mine improvements in throughput, or recovery rates of the metals, along with the kicker credits from other base metals in their mix like #Zinc #Lead #Copper also play a factor. Inside ownership is always nice, just like strong strategic investors, but it isn't necessary for outperformance in a market as small and thinly traded as the Silver miners. With #Developers it is really more a function of their IRR, NAV, and Payback period based on current and projected #Silver prices. With both #Producers and #Developers another key thing I consider is their #Exploration upside around their existing mines (to extend mine life), on satellite deposits that can feed their mill, and their pipeline of exploration properties. So many investors forget that Producers and Developers are STILL #Explorers too. They can be #drillplays just like greenfields explorers (and honestly they are more likely to have better drill results near their existing resources).
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@MiningBookGuy MIF May2017: Discovery Exploration Boom, John Kaiser https://www.youtube.com/watch?v=28qmAH2MMV8+ #MIF @JKaiser #Discovery #Exploration
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@MiningBookGuy Another RE-POST: Joe Mazumdar's Update on Junior Mining at #MIF https://thedailygold.com/joe-mazumdars-update-on-junior-mining-at-metals-investor-forum/ @JMNorthShore @TheDailyGold Good interview. I was especially interested in Jordan's question about ASX and AIM stocks. Unless I heard wrong, I at least somewhat disagree with Joe on quarterly financials for ASX. Not only do I think #ASX-Stocks are pretty well regulated (at least the mining stocks relative to TSXV), I PREFER the way they present quarterlies to the TSXV. So I guess you don't get all the financial statements in the same way. But you DO get cash flow breakdowns, and usually an estimated spend for the following quarter. I think it's far easier to see the 'essential' aspects of juniors via ASX filings than TSXV. But on top of that, I think it's generally easier to search ASX than TSXV. Now AIM is a whole different story...it plain sucks compared to ASX and TSXV in terms of filing requirements and what can be searched. You can still find value with #AIM-Stocks, but it's a lot tougher to work out all the components. But I wanted to emphasize there are clear advantages of #ASX-Stocks, and it has very rapidly become my #1 spot for value in #exploration #juniors (and this aspect very few other North American based newsletters are on this...but #ExplorationInsights certainly is). Anyway, that's my very specific rant, and listen to the podcast for a lot more than just that! #TheDailyGold #ASX-Stocks #AIM-Stocks #mbgtrends
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@MiningBookGuy @FundamentalAnalysis RE: https://ceo.ca/mbgtrends?0637a42125f4 - good comments here! i care about them for the same reason Joe mentions at the end: they just aren't doing enough #grassroots #greenfields #exploration ....so they REALLY need to invest and/or buy juniors ASAP! hopefully some of the ones I'm accumulating right now :P
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@MiningBookGuy @KevinS RE: https://ceo.ca/mbgtrends?f30f3ef0ceaa - thanks for sharing! like @FundamentalAnalysis, I never visited this site (though recently started seeing articles being shared). I will be checking on a regular basis. #TheMacroTourist Specific to this article, it was funny and I LOVED this quote (*Note - I'm horrible at bbq'ng! :P ): "My delusions about my mad bbq’ng skills are similar to everyone’s belief they are contrarians. Whether it is the NYSE specialist, the Chicago pit local, the Bay Street equity trader, the London credit specialist, or even the guy at home trading in his underwear, we are all consumed by these romantic narratives where we bravely battle the naive masses to nail the next great trade. But the reality is that we can’t all be contrarians. If we were, then it wouldn’t be contrarian…" #Contrarian Yes, #Grains sound interesting. On the other hand, he gets into #the1970s #inflation logic as a reason for this at the end of his article. How could he completely be missing #mining, let alone #exploration?? Anyway, this is no different from most 'macro tourists'...i think most of them want QUICK plays where they can add a lot of leverage and HUGE liquidity. lucky for us, liquidity is not too much of an issue, things can happen quickly here as well, and 'additional' leverage this is completely unnecessary in the junior space for big gains. Someday, #junior #mining will likely be part of a post in #TheMacroTourist and similar #macro themed blogs! #mbgtrends
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@Excelsior @BAWCAW & @AnonymousYellow - It is a little puzzling why $JAG $JAGGF sold off so hard as the news release they put out showed many areas of improvement. It was likely the increase in their #AISC that had investors spooked. They invested capital into their mines and equipment, but this will bolster their business longer term, so it is worth the one quarter dip in capital and cash-flows and sets them up for a strong 2nd half of 2017 and solid 2018. Personally, I was a a buyer yesterday into that weakness, and already have a very profitable position in the company from years of prior trading (but I decided to average up into my position on the news). _________________________________ JAGUAR MINING REPORTS Q1 2017 RESULTS, 86% HIGHER #PRODUCTION AT PILAR, #EXPLORATION SUCCESS, MAINTAINS PRODUCTION GUIDANCE FOR 2017 May 11, 2017 >>>> Q1 2017 Financial Highlights ● Gold production increased 5% to 22,292 ounces and #gold ounces sold increased to 24,035 ounces compared with 21,197 ounces produced and 22,881 ounces sold in Q1 2016, respectively. ● A temporary interruption of mining activities in one section of Orebody A at Turmalina was partially offset by an 86% increase in gold production at Pilar. ● #Revenue was up 9% to $29.2 million, compared with $26.7 million in Q1 2016, and the average realized gold price of $1,215 was 4% higher compared with $1,165 in Q1 2016. ● The strengthening Brazilian Real over the US dollar had the effect of increasing unitary costs in the reporting currency. During Q1 2017, the Brazilian Real strengthened 19% against the US dollar, compared with Q1 2016. In addition to the currency impact, the following items impacted the costs in Q1 2017: o Cash operating costs (“COC”) increased 25% to $924 per ounce of gold sold, compared to $742 per ounce sold during Q1 2016, due to lower production at Turmalina and the increased cost for secondary development at Pilar. o All in sustaining costs #AISC increased 22% to $1,323 per ounce of gold sold, compared to $1,086 per ounce sold during Q1 2016, mainly due to a 20% increase in sustaining mine development and purchases of new equipment for Pilar. **[This is likely why the stock sold off so hard, but if you look into it, it was a capital expenditure to grow their business]** ● Operating cash flow was $1.9 million, compared to $9.5 million in Q1 2016. Lower operating cash flow with continued investments in capital programs resulted in a cash balance of $18.2 million as of March 31, 2017, compared to a cash balance of $26.3 million at December 31, 2016. ● During Q1 2017, the Company also continued to invest in its Growth Exploration Program, initiated in November 2016, with approximately 25% of the drilling and development milestones achieved to date. ● The Company is maintaining 2017 production guidance of 100,000 – 110,000 ounces, which will be reviewed at the end of Q2 2017. In view of the volatility in the gold price and continued strengthening of the Brazilian Real since September 2015, the Company has initiated a cost reduction program to offset these external factors. This includes reducing the Roça Grande operations by approximately 40% in overall headcount at that site. Company-wide general and administrative costs have also been reviewed with the aim of reducing headcount in support functions. The Company will also continue its assessment of the maintenance departments to further incorporate preventive procedures, improve equipment availability, and reduce costs. “Subsequent to the quarter end, Jaguar entered into a preliminary agreement with #Sprott Private Resource Lending LP for an additional tranche of $5 million on terms similar to those of the secured loan facility that Jaguar entered into with Sprott Lending on November 7, 2016.” https://www.jaguarmining.com/investors/news-releases/2017/jaguar-mining-reports-q1-2017-results-86-higher-production-at-pilar-exploration-success-maintains-production-guidance-for-2017/
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@Excelsior @MiningBookGuy - #mbgtrends * I hold the #Silver #developer and near term #producer $AXU $AXR Alexco in the #Yukon.  $AXU $AXR Alexco Resource Corp. - #VIDEO #CorporatePresentation April 5, 2017 - Zurich, Switzerland - #Silver #Zinc #Lead #Exploration #Development near term #Production http://www.europeangoldforum.org/egf17/company-webcast/AXU:US/  $AXU $AXR Alexco brand new Corporate Slide Presentation from the European Gold Forum that goes with the Video presentation above: http://wsw.com/webcast/egf17/axu/presentationDownload.pdf ** $R $RDEMF is my favorite new #Gold #producer in #Colombia. #MIF January 2017: $R $RDEMF Red Eagle Mining Corporation https://www.youtube.com/watch?v=hNJ7QLyU7tY+ Both jurisdictions are actually not as problematic as some investors have in their minds, and the large discount these areas are given will close the gap during this unfolding bull cycle.
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from #mbgtrends,
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@MiningBookGuy only around for a few more minutes. But I LOVE what this new $SWA NR means for the company strategically. The first image ( http://www.marketwire.com/library/MwGo/2017/5/15/11G138836/Images/News_Release_20170515_-_Figure_1-68a54c64a5199466a207b1e5ee23e518.jpg+ , from bottom of NR) is crucial for understanding the following: - There are now FOUR, 100% owned properties surrounding #GoldenHill for $TGZ ( #Bondi + the #ThreeBee properties announced in this NR). - It's very clear that IF further discoveries are made at #GoldenHill, $TGZ is going to have to 'do something' with $SWA (ie. strategic investment, takeout, etc.) - $SWA has A LOT of opportunity for further exploration potential here. Unfortunately, rainy season is coming soon. But I think this solidies the combination of #consolidation / #exploration as value drivers for the company - $SCA (Savary) has nothing to do with all of these new properties. #Karankasso is very important to both companies...but this further emphasizes how strategic #Bondi was in the first place, with this #ThreeBee announcements - And as part of the #ThreeBee, #Botoro (the new one) is especially key, as it's adjacent to #SouthHounde, the #1 property for $SWA that $ACA.L is earning-into at the moment. This further emphasizes the possibility of a bidding war between $ACA.L and $TGZ (let alone other players, because $SMF is in this mix and perhaps purposefully not included in the map), if ANY major further #exploration is achieved. BOTTOM LINE: I think announcements have been slower than expected for $SWA. But this is a BIG one, and I look forward to progress in this area. (*Disclosure - I am a very biased shareholder of $SWA & $TGZ, with a small position in $SCA as well) #BurkinaFaso #SouthHoundeBelt #HoundeBelt ~AUfrica #index @marketwired/sarama-resources-increases-exploration-interests-in
5
from ~aufrica,
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@MiningBookGuy @soulMiner RE: https://ceo.ca/mod.ax?e0f337d19b3f - great share for $MOD.AX $MTR.L! @Dunite - make sure to take a look at the link. These highlights are somewhat new: -Based on a predicted Copper price of $2.53 AUS the NPV of T3 is $180M AUS. -Lots of assays still to come (11 holes) – TBC in PFS expected August 2017. -Aim is for 25,000 tonnes per year production, to start mining mid 2018. I believe the PFS is happening a bit sooner than expected, and production profile a bit higher than in the scoping study. To start mining mid 2018 is incredibly fast, considering the #discovery took place in 2015, just over a year ago. Not a 'monster' yet, but looking like a nice, very economic deposit for a mid-tier in #Copper #BaseMetals to look at, and most importantly, still plenty of HUGE #exploration potential, which I think the market will recognize if they make another discovery (which is what I'm betting on).
2
from #mod.ax,
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@MiningBookGuy Tip TV Mining: Expect first resource in Q1 2018 - Mundoro Capital https://www.youtube.com/watch?v=t9QjA5qhBBM+ $MUN #copper #gold #exploration #Tethyan #TethyanBelt #Serbia #Bulgaria #JOGMEC #TipTV This is an interesting new interview with Teo from London. I've been noticing more #TSXV companies promoting in the UK, and that's a good trend. I think the interviewer spent a bit too much time talking about a resource, and advancing projects forward. They didn't have time for what's going on in #Bulgaria, and I think the headline is somewhat misleading, because Teo didn't specifically say that, and a #Zeleznik resource isn't the main value driver right now (so having it as a headline is kinda weird). But with all that said, I think Teo did an excellent job answering questions and talking about all the things that makes $MUN 'different', and how everything is coming together after consolidating key land packages and preparing targets over the last 5 years. Good additional details on #TilvaRosh as well, which $MUN just started drilling again today.
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from #index,
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@MiningBookGuy @Highheat RE: https://ceo.ca/index?bb69775b198a - i don't entirely follow. but if it's any help, i think we can all be confident that #discovery is not rigged. at least i am confident, because we still barely seem to understand the earth, whether or not we're geologists. I really don't care for the 'manipulation' talk either way. it's just the more i learn about juniors, the more i know that #exploration #discovery is the place for me to be right now. there's going to be some massive winners in the coming years while the 'rigged/manipulation' debate continues as a sideshow. @lukejackson - good post right as i'm finishing this one.
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@Excelsior @MadeOfRubber and @Onlyflaws - It will be curious to see how things go on their new toll milling set up with Lode Star, and if they make the decision to process their old tailings. Those are 2 more near term value drivers, but really it comes down to how their exploration goes on some of their 2017 drill targets, which may allow them to start some new shallow open pits to feed their mill. I could understand the desire to jump ship, but likewise the desire to add to positions here for more of a turnaround play and re-rating of this stock. Personally, I had entered $SGN into the #StockPickingContest because I believed then (and still believe now) they have some very prospective targets for the 2017 #exploration program and this would allow them to surprise the markets by extending their mine life. So even though they are a smaller unloved #Gold #producer, and now they are also a #tollmilling operation; I still see their upside as based on new discoveries. It will be interesting to watch their 2nd half of the year to see what develops, so for now... I'm going to weather the storm of low share-prices and see how things play out. * Here was their 2017 Outlook based on their April release recapping the 2016 year end results: "Based on the Company's current mine plan, it currently anticipates mining of gold at Mineral Ridge through to August 2017. Due to permitting timelines, the Company anticipates production of gold at Mineral Ridge to be 20 - 25,000 ounces from the Mary LC, Brodie and Bluelite south pits. The Custer pit and other areas for which permitting is outstanding, are not included in this production estimate and will be evaluated for economics of associated mining timelines when permits are received. Given the Company's short remaining life of mine, it is taking initiatives to extend the life of mine at Mineral Ridge through additional drilling to expand its resources, applying for permits to expand and extend current operations of new and existing pits, expanding the heap leach pad, and conducting a drilling program on its leach pad to determine if the leach pad material is amenable for further gold recovery using milling processes." https://ceo.ca/@marketwired/scorpio-gold-reports-fourth-quarter-and-provides-year-end
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from #sgn,
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@Excelsior $DNN $DML Denison Reports Assays Increase Grades by 45% and Deliver Most Meaningful Gryphon D-Lens Result to Date at Wheeler River (Marketwired - May 26, 2017) #Uranium #DrillPlays #Exploration #AthabascaBasin Nine holes totalling 6,330 metres were completed outside of the current inferred resources estimated for the Gryphon deposit, including four holes targeting the Gryphon D series lenses, and five holes down-dip of the A and B series lenses. The highlights from these results illustrate the potential for meaningful ~ResourceExpansion at Gryphon: 3.3% U3O8 over 13.5 m (including 11.8% U3O8 over 3.5 m) D series mineralization in WR-633D3 6.2% U3O8 over 2.5 m D series mineralization in WR-633D3 1.3% U3O8 over 3.0 m (including 3.8% U3O8 over 1.0 m) D series mineralization in WR-633D3 2.9% U3O8 over 3.0 m (including 8.5% U3O8 over 1.0 m) B series mineralization in WR-689 8.6% U3O8 over 1.0 m D series mineralization in WR-689 15.1% U3O8 over 1.0 m D series mineralization in WR-689 Dale Verran, > Denison's Vice President of Exploration, commented, "This set of Gryphon assay results have exceeded expectations - particularly for drill hole WR-633D3, which now ranks as the best hole to date in the D series of lenses. These results re-emphasize the potential of the D series lenses to add meaningful resources to the Gryphon deposit, ahead of a planned update to the resource estimate for the project. This summer, in addition to the ongoing infill #drilling at Gryphon, we are planning to continue to explore the D lenses with the objective of defining high-grade zones and maximizing the indicated resources that will be included in the upcoming #PFS." http://denisonmines.mwnewsroom.com/press-releases/denison-reports-assays-increase-grades-by-45-and-deliver-most-meaningful-gryphon-tsx-dml-201705261095763001
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from #uranium,
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@Excelsior SHhhhhh!! #SecretMessage - @MiningBookGuy did a stealth "soft-launch" of his barn-burner (1 hour & 10 minute) #Video on $PDI.AX for his YouTube audience over the weekend. Plenty of good discussion on #AussieStocks #ASX-Stocks I sat on this news for a while (as one of his YouTube audience), but it seems like a good time for a fan-based preemptive strike surprise launch here for the good folks on #mbgtrends. (Don't worry MBG - you can still do the official launch on the Index or a certain African panel:-) $PDI.AX Predictive Discovery - ‘One-Stop Shop’ for #WestAfrican #Gold #Exploration / #IvoryCoast --> By @MiningBookGuy https://www.youtube.com/watch?v=fW9Zw1ognqI+ _________________________________________________________________ @bullmarketmove - you'll be happy to note about 33 tabs were used during the overview :-)) ! https://ceo.ca/@bullmarketmove?e9437c17aaf2 https://ceo.ca/@bullmarketmove?f9e2aa541525 _________________________________________________________________ * BTW, this is why you should follow Nick's #YouTube channel: https://www.youtube.com/channel/UC3NtWXnn_yesb-1aery7gug/videos There are some stellar company overviews and interviews to marinate your minds on. Good stuff!
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from #mbgtrends,
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@Excelsior Hi @FundamentalAnalysis - Sorry for the delayed response on $TGZ, but I've been in meetings all day and just got time to check in on market news and how the ceo.ca crew was doing. Sabodala is Teranga's main producing asset & plant in #Senegal, and it is projected to be a long-life low cost mine for the company. They have exploration upside around this mine at their Niakafiri, Goumbati West and Golouma North targets, and about 25 km away the Marougou & Doughnut deposits that show potential and were drilled in years past. Many of their projections show the Sabodala complex continuing to produce for 10+ years out, so there remains all that upside into an appreciating Gold price in coming years. Up until about a year ago, that was the value proposition for $TGZ, and I owned some shares back in 2016, {prior to the their #acquisition of Gryphon Minerals}, because Teranga was a well run company and I believed it was undervalued compared to peers. Even today it is only about 1/3 of the NPV and EV of many similar sized peers doing 200,000 ounces per year. In #WestAfrica I had watched the #takeover of True Gold by $EDV Endeavour, and Amara by $PRU Perseus, and I had a position in Gryphon Minerals because I projected they'd be the next good #takeout candidate. Last year when the news broke of their merger I was thrilled with the business combination, but the timing stunk (carried out from Aug-October of last year as the #Gold #producers cratered in price.... so nobody cared). Most gold mid-tiers producers have been stuck in the downward momentum since last summer, and the market never re-rated Teranga for picking up a huge pipeline of projects from their #Takeover of Gryphon's asset base. Their flagship project was the advanced Banfora along with exploration projects at Golden Hill & Gourma and a few assets peppered around #CotedIvoire. Teranga plans to finish their Banfora #FeasibilityStudy this year and make their construction decision after that for build out of the open pit in 2018, and production in 2019. You asked about #Exploration upside at Banfora, and here is the company's position on it (mostly focused on Kafina West and Hillside). "There is potential to add reserves at depth and along strike in each of the deposits, and through a number of exploration targets located on the highly prospective land package, each of which is within trucking distance of the proposed mill. Numerous district targets have been advanced by Gryphon’s exploration group in the extensive land package." In addition, there is upside in Gourma with proximity to Semafo in #BurkinaFaso, and Golden Hill's proximity to $ROG Roxgold and $EDV Endeavour Mining in Burkina. It actually wasn't until @MiningBookGuy did his $SWA video that I really grasped the scope and potential of the #SouthHounde belt, but that has only piqued my interest even more in Golden Hill (and that is likely why they have $4 million slated for exploration for the targets Ma and Nahiri at Golden Hill -- the same amount of $$ slated for exploration at Banfora). As for the #CotedIvoire assets, I'm interested to see how things go on future exploration of that land package, and they have $500K slated for exploration there this year, and $500K for #drilling at Gourma. This $TGZ response is getting really long, so I'll leave it at that for now...... _________________________________________________________ ~AUfrica #mbgtrends $TGZ $TGCDF Teranga Gold #CorporatePresentation: http://s1.q4cdn.com/851853033/files/doc_presentations/2017/05-10-2017-121-London-1x1-Slides-Final.pdf
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from ~aufrica,
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@Excelsior $IPT $ISVLF IMPACT Silver Announces First Quarter 2017 Financial and Production Results May 29, 2017 Fred Davidson, President and CEO, stated, "We started 2017 with a clean balance sheet and no debt along with news that IMPACT was named to the 2017 TSX Venture 50. Operationally, revenues increased by 22% to $4.6 million in Q1-2017 from $3.8 million. The Company continues to improve its mine operating earnings, achieving income of $0.5 million in Q1-2017 compared to $0.3 million in Q1-2016. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved to $0.3 million in Q1-2017 from $0.2 million in Q1-2016. While we cannot control the price of silver, we are committed to maximizing efficiencies and cost control through managing our operations in a disciplined manner. Building on a successful 2016, we have ongoing exploration plans at high potential targets and continue to evaluate strategic transactions to continue growing value for our shareholders." ** #Exploration The Company will continue exploration with the goal of putting some of the 4,800+ compiled old mine workings in the Zacualpan and Capire districts on a faster track to potential production and build mineral inventories for mining. Fieldwork in the form of detailed geological mapping and rock sampling in old mine workings was mainly focused on larger and higher grade target areas at Guadalupe South, Alacran North and San Felipe. Utilizing new funds received in Q2-2016, the Company has initiated surface and underground drilling programs to expand resources. Surface drilling is currently in progress at the Cuchara Mine extensions. Drilling will also commence later this year at the San Felipe vein and other prospects, located near the Guadalupe plant access road. $IPT IMPACT has control of the majority of two entire mineral districts in central Mexico: the Royal Mines of Zacualpan Silver District and the Capire-Mamatla Mineral District adjacent to and south" http://www.impactsilver.com/s/NewsReleases.asp?ReportID=791030&_Type=News-Releases&_Title=IMPACT-Silver-Announces-First-Quarter-2017-Financial-and-Production-Results
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from #ipt,
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@Excelsior $IPT $ISVLF A GIS Makeover of a Classic #Silver District; Real de Minas de Zacualpan, #Mexico (This is a dated presentation, but it highlights the real #Exploration upside that Impact has on their land package. PLENTY to work on and #drilling set up for the balance of the year. the Royal Mines of Zacualpan are the main focus for expansion not the properties in Zacatecas that they just sold to Endeavor) #drillplays #mbgtrends http://www.impactsilver.com/i/pdf/20121212_MEG_Short_Course_Presentation_Web.pdf
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from #ipt,
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@MiningBookGuy Hey All, been busy, but needed to share something I learned after finally watching the new video: https://www.youtube.com/watch?v=AmHhUm1r520+ This is a MUST-WATCH video for $ORG which is mostly great content. But have to admit I was surprised to hear the following in the middle from Rick Clark (I will copy word-for-word as I heard it). This is roughly 25 minutes in, and you'll want to hear before/after for further context: "We don't need a lot of money. It's going to be somewhere between 15 and 20 million dollars Canadian....we're going to try to limit dilution in that regard" Again, context is key. BUT, I personally feel 15-20M CAD is A LOT of money! Not a lot of money would be something like ~3-5M CAD...anyway, this was something I completely forgot to bring up when I called Hugh last week, and I'm not sure how I feel about this, even if a financing is successful. I suspect $ORG just wants to get this over with, and be 'all set' to get them through Q1 2018, where a construction decision can likely be made and the share price will be MUCH higher at that point. But considering the market cap is around ~45M CAD right now, we're talking 30-40% dilution even without warrants! And I'm not confident on the pricing. As complete speculation on my part, I'm guessing it will be a slight discount to the price right now...let's say 0.37-0.40 CAD. And I'll even guess NO warrants like the previous financing (which would be great). This could all be fine in the long run...I do expect management/Lundin/Beaty to all participate in this financing. But assuming I am correct, I would be disappointed that after all this very positive news, this huge amount of money would be raise at basically the same price as it's been trading for the last 6 months (and don't forget that the #IvoryCoast exploration properties was a huge piece of news as well!). Anyway, the important thing is for $ORG followers to be aware of this bit of info. Again, there's a ton of positives here (I'm really looking forward to further #Sudan #exploration, and I believe Hugh wants to earmark 7M CAD for this for the rest of 2017). I DO want the company to go all out and raise this money...but in the short-term, it would be disappointing if all this money had to be raised at 0.40 CAD or less (and even worse if warrants were involved). Of course, if you are part of the raise AND you get warrants, then you're LOVING this (and kudos to Eric Muschinski for getting an inside track on this for his paid subscribers)! This is the tug-of-war between retail/little investors (like me) and the 'bigger players'. I think $ORG will continue to be one of my top picks however this raise goes down...but it would be so much better to me if somehow the raise happened at 0.50+ CAD with no warrants :P
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@Excelsior @FundamentalAnalysis - Yes, that would be a great approach. They are still going to be doing a fair amount of #drilling this year, but they'd really have some torque if they could farm out some of the work. $UEC is an interesting comparison, because $IPT is utilizing the "Hub & Spoke" model of a mill with several small deposits that feed it, and would like to get more mills situated at different places on their land package with more feeder deposits. * Here are some of the drill hits they've had from last year's program, so I'd like to see more of these kinds of results from this year's #Exploration program: #DrillPlays > IMPACT Silver drills more high grade silver at San Ramon Deeps, including 4.12 meters of 1,613 g/t Silver and 11.08 meters of 248 g/t Silver - January 23, 2017 http://www.impactsilver.com/s/NewsReleases.asp?ReportID=776311&_Type=News-Releases&_Title= > IMPACT-Silver-drills-more-high-grade-silver-at-San-Ramon-Deeps-including-4.... IMPACT Silver continues to drill high grade silver intersections at San Ramon Deeps, including 4.93 meters of 354 g/t Silver and 3.10 meters of 434 g/t Silver - December 13, 2016 http://www.impactsilver.com/s/NewsReleases.asp?ReportID=773288&_Type=News-Releases&_Title= > IMPACT-Silver-continues-to-drill-high-grade-silver-intersections-at-San-Ram... IMPACT Silver drills more wide sections of high grade silver at San Ramon Deeps, including 14.82 meters of 481 g/t Silver and 21.74 meters of 271 g/t Silver - May 05, 2016 http://www.impactsilver.com/s/NewsReleases.asp?ReportID=748064&_Type=News-Releases&_Title= > IMPACT-Silver-drills-more-wide-sections-of-high-grade-silver-at-San-Ramon-D... IMPACT Silver reports more wide & high grade drill intercepts at San Ramon Deeps, including 432 g/t Silver over 6.80 meters and 185 g/t Silver over 11.44 meters - March 02, 2016 http://www.impactsilver.com/s/NewsReleases.asp?ReportID=741299&_Type=News-Releases&_Title=IMPACT-Silver-reports-more-wide-high-grade-drill-intercepts-at-San-Ramon-De... > IMPACT Silver reports additional wide & high grade drill intercepts at San Ramon Deeps including 425 g/t Silver over 7.89 meters and 319 g/t Silver over 4.08 - meters - January 12, 2016 http://www.impactsilver.com/s/NewsReleases.asp?ReportID=736506&_Type=News-Releases&_Title=IMPACT-Silver-reports-additional-wide-high-grade-drill-intercepts-at-San-Ra...
3
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@Excelsior Hi @zadman - Haha, yes, I'm still in that sandbox (it's been a bit gritty :-), and have a position in $SGN $SRCRF Scorpio Gold and have followed it for years; ever since it was spun out of Scorpio Mining (now $USA $USAS Americas Silver). My reasons for holding it and for having entered it into the Stock Picking Contest are more for the leverage it has to a rising Gold price, as well as their exploration upside. I anticipate #Gold to move higher later in 2017 and moving into Q1 2018, and I've done well betting on underwater producers and developers during #turnaround periods for years. Scorpio is a distressed small #Producer that has had one mine running (Mineral Ridge complex) and the other mining complex (Goldwedge) has been on care and maintenance. * Recently $SGN announced putting Goldwedge back into operation as a #Tollmilling operation, so I like that they are going to be bringing in revenue from that mill once again. http://www.scorpiogold.com/s/news.asp?ReportID=789120 Mineral Ridge (active mine/mill) needs more ore or it will wind down in August, so they are working to get other smaller feeder pits permitted in time so there is no lapse or downtime. This has been the largest elephant in their room; as nobody knows when/if they'll get the permits to put those other pits into #production. They are also awaiting permits for drilling out other sections of existing deposits to extend mine life, and on some other targets that are completely new deposits. I'm betting that they get those permits and will makes some progress on their #Exploration work in the 2nd half of 2017. Right now, there is a ton of uncertainty (which markets and fickle investors abhor), so the stock has been punished hard, however, as their new Toll milling at Goldwedge starts throwing off revenues, and as they get permits for mining satellite deposits and permits to do their drilling, then it should time out well with a rising metals price. I look at them mainly as an #Explorer that happens to have 2 mining/milling complexes. The market isn't giving them any credit for their exploration potential and is only looking at the current setup as a small producer with a depleted mine. In retrospect, it would have been better to have saved them for the 2018 Stock Picking contest, but I anticipated them getting their permits sooner to put some of the other pits into production (should have known better but usually #Nevada is pretty quick in contrast to other jurisdictions). Anyway, right now, they look pretty rough, but it is just one of many Gold stocks I hold, and I'm comfortable seeing how things work out over the next 6-12 months.
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@MiningBookGuy REPOST FOR @miningbookguy:Mali https://ceo.ca/mali?bf78563cae52 #2 #Mali - *Note - I may have made mistakes here. #DYODD @FundamentalAnalysis - so you didn’t ask about specific companies. But it fits my agenda of promoting $DAU right now. And @Excelsior posted a few good ones already. I think it’s worth quickly exploring the landscape. I’m finding a lot of positive momentum in #Mali #gold right now. Some reasons and a company list to follow: I think comparing #Mali to #BurkinaFaso as #gold focused jurisdictions in #WestAfrica is a great starting point. They are both ‘maturing’ (with #Mali more mature than #BurkinaFaso). They both depend heavily on #gold. They arguably have the 2 best #gold mines anywhere in the world in #development right now (these are #Fekola for $BTO in #Mali, and #Natougou for $SMF in #BurkinaFaso). I say they are the ‘best’ when you combine how high-margin they are expected to be, with size. But this point is key - #Mali is a land of elephants, and #BurkinaFaso not as much. #Natougou is going to be one of the larger Burkina mines looking at ~200k oz/year production. #Fekola is already quite big at ~350k oz/year expected production…but it already seems like this can increase, AND there are plenty of mines already around this level (or at least closer to this than most of what we find in Burkina). I think the Senegal Mali Fault Zone ( #SMFZ ) is key. So many huge mines there…including #Fekola which is the newest. I really like #BurkinaFaso as a jurisdiction. But there is no trend in Burkina that rivals the #SMFZ in #Mali. Also keep in mind this is as far away as you can get from any possible #Mali terrorist activities…in #BurkinaFaso, i put mines in the ‘northern’ part of the country at generally higher risk than those in the South (though to be fair I don’t think #Essakane for #IMG has had any problems despite bordering #Niger) Anyway, LOTS of interesting comparison. But I will keep hitting home that #SMFZ is special, and I’m going to briefly go through a company list taking note of this (*Note - this might not be an exhaustive list. but it’s a great start for looking at #Mali #gold companies #newbies ): #Producers $BTO - IMO, #Fekola best #development project in the world for this diversified mid-tier. This WILL bring more attention to #Mali as it approaches production. on #SMFZ $RRS.L #Randgold - #Mali is their bread-and-butter, where it all started. If there’s one company to research the history of for #Mali historical success, it’s $RRS.L. Some great mines on #SMFZ #AngloGold Ashanti - a big one, a project with $IMG on #SMFZ $IMG Iamgold - not only a project with #Anglogold. But they just fully acquired $MXI, possibly creating a new disctrict combined with their #Senegal #Boto project on the Senegal side of #SMFZ. this is all near #Fekola, which is interesting $ACA.L - they have just entered #Mali recently for early-exploration, on #SMFZ! Important to show that large developers like $ACA.L and $IMG still looking early-stage $EDV - Tabakoto/Segala production close to $RRS.L on #SMFZ #RSG.AX - huge #Syama mine NOT on #SMFZ, showing there’s a lot of potential in other parts of #Mali as well ( $RRS.L also has #Morila which is near the end of its life in a different part of the country) #Developers These are standalone #developers. It’s exciting that 2 of them are gaining a lot of positive momentum *Note - none of these are on #SMFZ, that i’m aware of $HUM.L - #Yanfolila project. I questioned this one for a while after some hiccups. LOTS of positive momentum right now, gaining attention. $AVK - this is ready to be developed or acquired. Not sure what the hold up is. But also positive stuff going on…we’ll see what happens next! $AGG - smaller project. Not sure what’s going on. but could be built soon $BGS.AX - the development project is lithium. Has gotten a lot of hype, so it’s worth noting. They have an earlier stage #gold project near #Morila. i think at least one more? can’t remember right now. but there’s significant activity with these. #Explorers $MXI - worth noting again since it was just acquired by $IMG, with project on #SMFZ $AGZ - they are earning-into $ALO.L property on #SMFZ. Seems prospective. But I would like them better if it was the other way around. $ALO.L - definitely some interesting properties on #SMFZ. But their focus is in #Zambia. Not helping that it’s AIM listed. $LGN - this one looked interesting to me for a while…but seems like a #zombie right now…maybe will come to life again $GBE - this is a new one, could be interesting. But I think $BGS.AX used to own their properties (this is all around #Morila). I don’t trust the prospectivity yet. $KOD.L - i consider this a shady little company (i owned the prior ASX one). it does lithium and gold. definitely worth following and it’s made some people a lot of money. but watch out, and listed on AIM $OKU.AX - i really like what these guys are doing! i think it’s the best potential #Mali #gold #exploration right now. Problem? too expensive for me, just too much of a premium for the the last 1-2 years. And of course to end… $DAU. i have given many reasons I really like it, especially at current valuation. But very key to all of this is 2 properties really well situated on/near #SMFZ. I don’t think any of these other explorers are looking to get 3 JVs soon and are so well situated ( $OKU.AX the closest, but drilling on their own). Anyway, there’s LOTS of activity going on n #Mali! I could have easily missed some companies, but this is a good way to start. Happy Hunting! #DYODD
4
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@racker ‪Goldcorp partners with junior miners in new greenfields #exploration strategy http://magazine.cim.org/en/news/2017/goldcorps-golden-project-pipeline/ $g $tig $aug
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@MiningBookGuy My video on $PDI.AX from a few weeks ago: https://www.youtube.com/watch?v=fW9Zw1ognqI+ Thank you @Excelsior for posting it at CEO.CA soon after the release! I was planning to write an article to go with it. Instead, I am writing this note with various tags, especially for those who missed it and like researching new ideas that very few people are following right now. Here are some highlights to note: -shout-outs to @nick (introduced $PDI.AX to me) @1ForDaMoney & @nickzed! We need more savvy Aussies like these guys at CEO.CA :) -Finding Bargains Down Under with #RickRule - http://www.theaureport.com/pub/na/finding-bargains-down-under-with-rick-rule This article is as powerful now as when it was published in 2013. One part #ASX-Stocks, one part #Africa … I am thankful for the insights here! Also shout-outs to @TheNextBigRush & @Jayfire in relation to #Australia stock talk on #TheNextBigRush youtube channel. -Importantly, I compare $PDI.AX to $MUN. Even though they seem quite different on the surface, they both have multiple, high-potential catalysts in the near-future, #Tier1 #exploration potential, aggressively pursuing global recognition right now despite being micro-caps. It’s hard to find companies with these qualities, and even better when so few people know them. -An important comparison of #Ecuador to #IvoryCoast. I pick on $ARU …while I personally am not willing to pay a massive premium for #management & #story with so little work actually done, I commend them for getting so much attention, and highlight @Newton’s excellent interview with #KeithBarron @Newton/will-lightning-strike-twice-with-dr-keith-barron-in-ecuador-aurania-resources-aru #IvoryCoast could use some help in the #story department…but to kick things off, I think there are interesting parallels to #Ecuador being the emerging jurisdiction in #SouthAmerica, while #IvoryCoast is the emerging jurisdiction in #WestAfrica / #Africa. -But one person HAS been pushing the story…and very few investors in #NorthAmerica seem to be paying attention. Mark #Bristow has pounded the table for years, and this is perhaps the best interview (and best link I have provided) to spread the message (from #DenverGoldForum 2016, main highlights around 7 minutes in, and 15 minutes in ): http://www.denvergoldforum.org/dgf16/company-webcast/RRS:LN/ There are very few choices for early-stage gold #exploration in #IvoryCoast: $PDI.AX - my current top choice $ORG - close behind and a top pick of mine…but not a ‘pure play’ for #IvoryCoast / #WestAfrica / #exploration, considering most value is tied into the more advanced #Sudan project $MARL -Some people were very interested in this one for #IvoryCoast exposure. Now it will take a while for that to materialize (and unclear what the next steps are). We'll see what $SSL does with these properties $AOP.AX - a very interesting one that I own as well…likely more on this in the future ... it’s a very short list right now! BUT, just check this list of mid-tiers/majors with #IvoryCoast exposure: $RRS.L $NCM.AX $CEY.L $CEE $EDV $PRU $PRU.AX $TGZ $RSG.AX $SMF …and there are surely more. Again, worth thinking about in relation to #Ecuador as an emerging mining jurisdiction worldwide… There is an #opportunity in this part of the world. #DYODD, good luck!
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from ~aufrica,
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@Excelsior @FundamentalAnalysis and @barracuda - The sad truth is that nobody knows exactly what will happen with the Uranium pricing. David Cates is one of the most connected and active members of the #Uranium community; not just with $DNN $DML but as a consultant to $U and involved stakeholder with $GXU and $SYH. I wouldn't extrapolate out your experience with that $FCU rep and apply it to all Uranium executives. I've heard David mention secondary supplies and underfeeding for the last few years in interviews, so he is quite aware of the situation. > David Cates: Welcome to The Uranium Supercycle BY COLLIN KETTELL ON FEBRUARY 22, 2017 http://palisaderadio.com/david-cates-welcome-to-the-uranium-supercycle/ The guys at $DNN Denison have been entrenched in the Uranium space for decades, were past #producers, sold $UUUU $EFR Energy Fuels their active White Mesa Mill, are involved with toll milling $CCJ $CCO Cameco's ore with $ARVCF Areva in a JV at the Athabasca mill, and have an environmental mitigation division. They understand the business from front-end #exploration and #development to back end clean up, and are quite aware of the competitive landscape. If you simply look at the Denison website they have multiple pages of macro info on the #Uranium sector and they address both primary and secondary supply sources. That doesn't mean anyone knows where the Uranium price will be in 6-12 months. http://www.denisonmines.com/s/Primary_Uranium_Supply.asp http://www.denisonmines.com/s/Secondary_Uranium_Supply.asp http://www.denisonmines.com/s/Uranium_Prices.asp http://www.denisonmines.com/s/Competition.asp Many of the company management teams do err on being overly bullish on the demand side improving and longer term off-take agreements starting up sooner than it has played out. Mining companies are mostly eternal optimists. The truth is that while "the cure for low prices is low prices" there is not a time qualifier on that statement, and it make take many more years than some are expecting to play out. #Index #mbgtrends
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@Excelsior @FundamentalAnalysis - I've followed $DNN $DML Denison since 2010, and there are few companies that are as connected in the #Uranium space. I can't speak to the competencies of one $FCU rep at a show, but their management team has made a number of blunders, (one of which was how they gave the Denison merger the cold shoulder, because they thought they were all that....) then screwed up their ownership bringing in an Asian consortium and just jacked everything up. $NXE has far surpassed them as the go to #Exploration play in the #AthabascaBasin and $FCU has been in their shadow, and mired with water issues and a less interest ever since. As for the FX affects on commodities - we are in complete agreement there. There does seem to be rising costs in many miners recently, so that could indeed squeeze margins even further. Cheers!
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from #uranium,
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@MiningBookGuy Rio Tinto starts new exploration in Mongolia's Gobi desert http://in.reuters.com/article/mongolia-riotinto-idINL3N1JH3LP $RIO.L #Mongolia #exploration
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@MiningBookGuy Orca improves economics at Block 14 in north Sudan www.northernminer.com/news/orca-improves-economics-block-14-north-sudan/1003787287/ $ORG #gold #Sudan #RedBack #Lundin #Beaty #HughStuart #water #Africa ~AUfrica #NorthernMiner #index Some highlights: "Avant-garde explorer Orca Gold (TSXV: ORG) has launched into a feasibility study at its 2.3 million oz. gold Block 14 project in northern Sudan’s Nubian Desert, after finding a #water source that could support a larger open-pit operation than the company envisaged." ... "Stuart — who had been #RedBack’s vice-president of exploration — argues #Sudan is the most geologically prospective country in Africa. “There are few places left in the world where modern #exploration hasn’t had a good go, and #Sudan is one of them. It’s got fantastic rocks, yet it’s barely been touched. From a purely technical point of view, it’s a no-brainer to explore there,” Stuart says." ... "On July 12, U.S. President Donald Trump’s administration may permanently remove a 20-year economic embargo on #Sudan. The sanctions were temporarily lifted in January under the Obama administration, giving the Sudanese government six months to improve its human rights record and resolve political and military conflicts." ... [“If the sanctions are permanently lifted, anybody is free to do business there, including bankers,” he says. “In the past, we’ve focused on the Gulf states rather than North America when it came to lining up finances for the mine. So if it does happen, it would open up a lot more opportunities for us.”]
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@Excelsior JAGUAR ANNOUNCES #ACQUISITION OF STRATEGIC LAND POSITION EXTENDING ROÇA GRANDE MINE CONCESSION BY 1,000 HECTARES; PROVIDES GROWTH EXPLORATION UPDATE Jun 21, 2017 “Jaguar Mining Inc. $JAG $JAGGF is pleased to announce that it has acquired a strategic Mineral Exploration License located 4.5 km west of the Caeté mill operations where the Company currently processes ore from its Pilar Gold Mine and its Roça Grande Gold Mine. The Company is also pleased to provide a Growth #Exploration Update on its operations including the Pilar Mine and the Turmalina Gold Mine, located in Minas Gerais, #Brazil.” “Mr. Rodney Lamond, President and CEO of Jaguar Mining stated; “The awarding of this new strategic Mineral Exploration License to Jaguar is another outstanding achievement by our vigilant operations team, who were able to apply for the License area when it became publically available in mid-2016. It is a very difficult task to maintain an attentive watch for available concessions in a highly sought after mining district." "The new License further consolidates and considerably expands the total RG concession adjacent to the RG #mine and #mill operations. The new License area is also highly prospective, containing a number of old Portuguese workings, and over 7.5 kms of mapped, contiguous BIFs including a potential gold-bearing BIF hinge in the west-south-west quadrant of the License area. These BIFs form part of the continuity currently hosting the RG mineralization which make up the entire RG complex. During the second half of the year, Jaguar plans to carry out an exploration campaign on one of the historic targets, Morro da Mina, to confirm previously identified #gold occurrences in and around the target.” https://www.jaguarmining.com/investors/news-releases/2017/jaguar-announces-acquisition-of-strategic-land-position-extending-roca-grande-mine-concession-by-1-000-hectares-provides-growth/
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@Excelsior $KS $KLSVF Klondike Silver Corp : Tom Kennedy Swiss Mining Institute SMI (22/03/17) #VIDEO #CorporatePresentation #Silver #Exploration #Development https://www.youtube.com/watch?v=2nTmuyq-CpA+ __________________________________________________ $KS Klondike Silver with CEO Tom Kennedy - #Silver #Lead #Zinc Milling Complex in BC  Cambridge House - Jun 8, 2017 https://www.youtube.com/watch?v=Kh4bkDXQG-w&t=1s+
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@Excelsior @cole119 - I agree that banning the new projects is a positive for existing projects (and is probably why Vimy was up 23% yesterday and 20% today). The 4 projects that are grandfathered in were the big ones with the most development anyway, and those are still in the pipeline for future supply. Again, there are still other #Exploration and #Development projects in Australia (outside of #WesternAustralia) that are unaffected by the decision.
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from #uranium,
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@MiningBookGuy For those who haven't seen my $AZY.AX 'introduction' video yet, here it is! Antipa Minerals - Introducing My Top Early-Stage Explorer in Australia https://www.youtube.com/watch?v=-pASqAULaB0+ This really interesting NR from last week is the main reason I immediately made the video the next day: http://www.antipaminerals.com.au/uploads/3/0/3/2/30323795/minyari_dome_2017_phase_1_first_assay_resuts_-_20170621.pdf Best results include:  -42.0m at  7.8  grams  per  tonne  (g/t) gold  (Au)  (uncut)  from 262m down hole (17MYC0078) including:  -13.0m at 22.1 g/t Au (uncut) also including:  -1.0m at 222.0 g/t Au (uncut).  -28.0m  at  3.6  g/t  Au  (uncut)  from  13m down hole (17MYC0079) including:  -12.0m at 7.2 g/t Au (uncut).  And here are some of the people who got well-deserved shout-outs in video, as well as additional relevant tags: @nick @LucTenHave @PamplonaTrader @Tommy #SamBroom $RIO $RIO.L $GGP.L $NCM.AX #Telfer #Tier1 #Australia #Exploration #LionOre #LionOreMining #WayneDeans
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from #azy.ax,