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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.
@0KibRC drilling on 24 holes happening next week at Kalpini. It is currently not included in the high grade resource by $ARL.AX Old records indicate a 40mt laterite ore with 1%+ Ni and 0.08% Co. Upgrades to high grade zone resource estimates likely after Kalpini drill results come out, probably next month. #cobalt#nickel
@0KibKalpini .."As with all cobalt-nickel mineralisation throughout the KNP Cobalt Zone, mineralisation at Kalpini occurs in subhorizontal bodies usually within 20-40 m of surface. The mineralisation has developed near to surface as particular ultramafic rocks have weathered and broken down over the ages. This style of mineralisation is therefore very soft and, given its geometry, is very easy to mine." $ARL.AX#Cobalt#Nickel
@PamplonaTraderWaterton Global just paid US$22.5m for 50% of the giant (but pitiful grade) Dumont nickel-cobalt deposit, implying a value of US$45m. Canada's RNX and Waterton are injecting another US$35m into the JV to make acquisitions. Together, the cash and implied value of Dumont should give the JV a market cap of ~US$80m. This versus ARL's fully diluted enterprise value of just US$30m. #nickel#cobalt
@0KibIsolated projects of $ARL.AX (yerilla for example) have NPV of US$200m+ while the flagship KNP had NPV upwards of US$1 billion the last time 95000m drilling was done. Yet market cap is but US$35m #Nickel#Cobalt#Zinc#Gold
@MiningBookGuyExclusive: Philippines allows suspended miners to ship out nickel ore after clampdown http://www.reuters.com/article/us-philippines-mining-exclusive-idUSKBN16V0EI (h/t @piercepoints) #Philippines#nickel
"The Philippines' environment ministry has allowed eight suspended nickel ore miners to ship out stockpiles of mined ore, sources told Reuters, temporarily boosting supply from the world's top exporter of the raw metal after a major crackdown."...
"Allowing the halted mines to sell their stocked #nickel ore is aimed at limiting the potential build up of silt in nearby waters, an official with knowledge of the order said, rather than the government toning down its campaign."
@0Kib$ARL.AX thankfully I'm happy being a sucker. Cobalt is 1/3rd of ore value for $ARL, rest is #Nickel. Among base metals, Ni remains one of the most attractive, with average industry op margins of -10% now vs +27% LT historical average (meaning Nickel prices have to rise ~70% for margin to approach LT average). And $ARL has one of the largest undeveloped but JORC defined bulk deposits of Nickel in the world. #Cobalt is credits not the meat. Meat is Nickel @investorwannabe
@PamplonaTraderBHP, Vale, ShanShan were all stakeholders in the KNP during the last cycle. Norilsk also owned assets in the immediate area including the Cawse HPAL plant, which is currently on C&M. $ARL.AX is both a cheap option on #cobalt#nickel as well as a #DRC put (a situation which I believe will come to a head by y/e). Robert Friedland, Rick Rule are believers in the cobalt story. Waterton Global and $RNX are also players. For #cobalt speculators, I can't think of a better assymetric trade than $ARL.AX.
@0KibManagement has played a nice little game here. Big announcement due tomorrow as the long trading halt is lifted and then only 7 odd trading days left to the free options record date given a T+2 settlement. Small float, Limited window....= Squeeze! The week prior to the trading halt saw serious accumulation and the stock rising ~30% in one week. $ARL.AX#Nickel#Cobalt#Gold#Zinc
@0KibGood luck @Rulingmining The share register including the option dilution will still only be about 100m assuming 100% get exercised. The TH was uncalled for but seeing that they are on course to expand #LewisPonds size by 3-4x through the current drill program, its a forgivable error. A normal news release would have sufficed. And together ..the high grade KNP zone and Lewis Ponds are nearly US$10bn insitu value. That would compare to US$60m FD market cap at 80c (expected strike price). That would still be nothing considering the outlook for #Cobalt and especially #Nickel (prices have to double to reach LT average). If anyone is going sell, next week or fortnight is better. Take the free options and the good news that management will throw our way. $ARL.AX
@0Kib& @HRA-Coffin if jurisdiction was really that bad, you wouldn't have 50+ mines operational in Mindanao and you wouldn't have Phillipines as the biggest exporter of #Nickel to China. Cut them some slack $SAU#copper#Nickel
@drezinhoAdded $BAR shares today. Didn't realize how high grade their Bug Lake intercepts were: 1,138 g/t x 4.87m (comparable to $CDB 's 4,440 g/t x 0.9m hit). 51% of all Martiniere system holes have returned intercepts of >10 g/t gold. The depressed share is probably an over-reaction to the uncertain timing of the resource estimate but management has made it clear they prefer to plow ahead with drilling to keep adding oz's. All Martiniere deposits open at depth and down plunge. This could be a stealth takeover target with Hecla and Detour nearby. Management with successful track record: West Timmins Mining taken out by Lake Shorefor C$424m in Nov 2009). And you get a 3.5mt at 1.8% NiEq deposit for free. #nickel#goldhttp://cdn.ceo.ca/1chjont-Capture.JPG+
@MartinTurenneFrom TD today: "Last week’s LME Asia week offered a relatively upbeat assessment of the prospects for base metals over the next 12-months. The focus was on mine supply issues, forecast deficits, and the hopes that China’s growth slowdown would be countered by the much trumpeted “belt and road” initiative. This pan-regional programme aims to develop infrastructure across 60 countries with the aim of boosting growth based on sorely needed infrastructure investment spending." #copper#nickel#zinc
@EpsteinResearch#copper#lithium#nickel Electric vehicles require more copper wiring than standard internal combustion engines. For example, the battery in an electric car contains about 38 kilograms of copper, 11 kilograms of cobalt and 11 kilograms of nickel, according to Glencore. Those materials, along with maganese, stand to benefit from more demand for electric cars, Glasenberg said.
@MartinTurennePhil production will continue, but likely lower than in recent years. Phil 2017 YTD production is down 27% yoy (80kt annualized), due to mostly to rain. Indo ore shipments are likely to add 60-80kt new supply this year. So Indo and Phil changes likely cancel each other out for 2017. Market expected to be deficit between 60-80kt this year, consistent with 2016. Consensus is for similar or larger-sized deficits for the next several years. But stocks remain high. #nickel
@MiningBookGuyCobalt at Black Range exceeds expectations; associated with scandium and platinum group metals http://www.asx.com.au/asxpdf/20170613/pdf/43jwppw023hgbw.pdf$ARL.AX#Australia
• Extensive blanket of strong #cobalt and #nickel mineralisation
intercepted at Black Range.
• #Scandium discovered at Black Range as a significant surface
enrichment, with accessory #platinum and #palladium being widely
distributed. Together, these metals form a continuous sheet of
mineralisation commonly from surface.
• Cobalt-nickel intercepts include:
o ABR0006, 10 m at 0.12 % Co and 0.74 % Ni from 16.0 m
o ABR0008, 16 m at 0.16 % Co and 0.74 % Ni from 60.0 m
o ABR0009, 10 m at 0.12 % Co and 0.81 % Ni from 34.0 m
o ABR0013, 10 m at 0.21 % Co and 0.75 % Ni from 4.0 m
o ABR0014, 8 m at 0.20 % Co and 0.87 % Ni from 2.0 m