The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@MiningBookGuy$PRU$PRU.AX - Perseus updates mineral resource estimate at Bele http://www.asx.com.au/asxpdf/20170220/pdf/43g3khzj359q0f.pdf#gold#IvoryCoast#WestAfrica#Africa#index
The updated global Indicated Mineral Resource for Bélé, estimated as at February 2017, is estimated as 1.90 million tonnes grading at 2.0g/t gold, containing 130,000 ounces of gold. A further 0.42 million tonnes of material grading at 1.8 g/t gold and containing a further 25,000 ounces of gold are classified as Inferred Resources.
The gold contained in the combined Measured and Indicated Mineral Resources of Sissingué and Bélé is now estimated to be 830,000 ounces of gold which is less than 6% lower than the original Sissingué estimate of 880,000 ounces of gold.
My Note: this is attempting to compensate for the downgraded Sissingue resource in a recent NR. There is definitely significant exploration potential as noted by the CEO in this NR.
@nicholaslepan#Gold prices look set to rise - Alan Greenspan reckons the Euro will collapse and the ECB chief should come clean on the state of the Eurozone economy.
- Greenspan says it’s only a matter of time before the Euro collapses. Greece is suffering yet another debt crisis, Italy is also having to bail out its banks wiping out the savings of many Italian investors, Deutsche Bank has issues and Brexit may cause further economic consternation.
- While SP Angel agrees with many of Greenspan’s comments and views we wonder how concerned he is about the mountain of US debt which exists and which is likely to grow under the Trump administration.
- SP Angel notes that With so much debt and banking issues in the world it is no wonder that investors are increasingly buying gold as a preferred currency.
Gold US$1,236/oz vs US$1,238/oz last week
Gold ETFs 58.5moz vs US$58.7moz last week
@ExcelsiorAbitibi Royalties Update on Canadian Malartic Mine Royalties Plus Two New #Royalties Acquired Near the Rainy River Mine & 777 Mine
(Marketwired – Feb. 21, 2017) – #Gold~royaltiesandstreams
Abitibi Royalties Inc. $RZZ$ATBYF is pleased to provide an update on the Company’s various assets, including its net smelter royalties #NSR at the Canadian #Malartic Mine, near Val-d’Or, Québec. In addition, the Company has acquired two new royalties, which are located near $NGD New Gold’s Rainy River Mine and $HBM Hudbay’s 777 Mine.
> Malartic CHL – Odyssey North Zone (3% #NSR)
a) Initial Resource Estimate Odyssey Property
b) New Internal Zone
> Update on Barnat Extension and Jeffrey Deposits (3% #NSR)
> Possible Production Near Pit Zones 2018-2020 (2-3% #NSR)
** Abitibi “Royalty Search” – Two New #Royalties Acquired
– The Company has acquired two additional NSRs near existing mines in Canada through the Royalty Search. The first agreement, in partnership with $AMI$ARCTF AuRico Metals Inc., gives each company a 0.75% #NSR on 9 exploration properties located throughout the Rainy River district in Ontario, located near New Gold’s Rainy River Mine.
– The second NSR is an additional 1% royalty on Nordic Minerals Ltd. exploration property located approximately 5 kilometres southwest of Hudbay Minerals Inc.’s 777 mine in Manitoba.
*--- > Obviously this is also great news for Golden Valley Mines $GZZ$GLVMF as they own half of Abitibi Royalties $RZZ. 😄
@MiningBookGuy@Brendan - i'm on board with $ARL.AX (thx @PamplonaTrader!)
While I'm still learning more about the nickel-cobalt deposit, I think $ARL.AX has an opportunity to do a new study that focuses on higher-grade cobalt sections. But the real story is "what happens if SHTF in the $DRC?" This is a real concern... same type of concern for #platinum in #SouthAfrica, #palladium in #Russia. Take note that $SBGL was shrewd and bought $SWC BEFORE massive disruption. IF something goes wrong in #DRC, I think it's natural to look for SCALE in SAFE jurisdictions...not tiny, high-grade #cobalt plays. There's real grand-slam potential here because of #geopolitics. $ARL.AX is going to get more attention.
Anyway, I'm on board with that part of the story. But $ARL.ax is intriguing for other reasons @PamplonaTrader brought up. Keep in mind they have an advanced #gold#zinc project and early stage nickel exploration, all in #Australia. Basically, 'going beyond cobalt', $ARL.AX is intriguing for many reasons. But the cobalt aspect (and ridiculous valuation) pulled me in
@EpsteinResearch#gold$G Goldcorp quote from press release, “For 2017, our production is projected to be approximately 2.5 million oz. at all-in sustaining cost of US$850 per oz. and expected to grow to 3 million oz. at all-in sustaining cost of US$700 per oz. within five years,” he added.
@Goldfinger@Highheat If Captain Fade always makes sure that rallies are sold into why don't we just short every rally in $gold and $silver and make money? Why are we being such dunces and sitting here all day complaining about it?
@GoldfingerLook at a chart @Highheat$gold goes up $20, $30, $40 at a time sometimes. You don't say anything during those times. Then when there is a $10 drop you point it out and it's Captain Fade or whatever. Gold is probably one of THE most difficult futures markets to trade, for anyone, even a hedge fund.
@AJRI would not pay much attention to price action in $gold before FOMC Minutes. just saying..
click to invite
@GoldfingerLol @Highheat, yep it's all hunky dory. Just a big giant mass of markets with everyone trying to profit. People like you and I are at a disadvantage to many larger market participants, however, through understanding the playing field and having effective psychology I believe a smaller player can do very well. Sometimes being small is better. And I can tell you don't trade $gold because you would be broke very quickly with the psychology you regularly display on this site.
@GoldfingerI totally agree @Highheat, and you are proving my point. Thank you. If $gold was so predictable there would be a lot more traders making $$, its not. And with that goes the theory that every rally is faded, because they are not. Done with this topic.
@GoldfingerIt's expiration for March $gold@stateside, but there isn't much volume in March so unlikely to have much effect. Next month's expiration will be a biggie because April is by far the most actively traded contract.
@GoldfingerRBC: Minutes are likely to come and go with little new information.
The FOMC Minutes are likely to come and go with little new information beyond what we already learned from Yellen during her Congressional testimony. On that score, the market may expect some additional colour on the balance sheet, but, as Yellen highlighted in her testimony, that process remains ongoing and a concrete view is unlikely to emerge until closer to midyear. The rhetoric on inflation has turned among Fed officials, with many now expecting the firming to continue. The last FOMC statement flagged this turn, and we would expect the Minutes to exude a similar vibe. Markets have been reluctant to push the probability of a March rate hike much beyond 40% so far. $Fed$gold
@Goldfinger"...with inflation still short of the Committee's objective and inflation expectations remaining low, a few others continued to see downside risks to inflation or anticipated only a gradual return of inflation to the 2 percent objective as the labor market strengthened further." $fed$gold
@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.