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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.
@Excelsior@Kiwipete - I'm a big fan of $PTM$PLG Platinum Group Metals (PLG is also Pilot Gold's Ticker so those get intertwined), and there are some good comments in that room to check out. Also scan up through the old comments in #Platinum#Paladium and sometimes #PGM room (which gets intermixed with $PGM Pure Gold mining).
@MiningBookGuy@Kiwipete - unfortunately, there's a hiccup with CEO.CA when it comes to ticker symbols. $PGM is what you would usually tag...but this is representing Pure Gold, which is a gold junior listed on the TSXV. I believe you're talking about the $PGM that's listed on the NYSE, website here: http://www.platinumgroupmetals.net/
@Excelsior@Kiwipete & @MiningBookGuy - This was an entertaining discussion for me, since I own shares of Platinum Group Metals (the company) and discuss platinum group metals (the sector).... and I own shares in Pure Gold mining. :-)
I had posted this here on #mbgtrends a few days ago to try to help out: (reposting)
"@Kiwipete - I'm a big fan of $PTM$PLG Platinum Group Metals ( $PLG is also Pilot Gold's Canadian Ticker so those get intertwined), and there are some good comments in that room to check out. Also scan up through the old comments in #Platinum#Paladium and sometimes #PGM room (which gets intermixed with $PGM Pure Gold mining)." (what mess haha!)
@dirkdiggler"a four-rig program with up to 70,000 metres of diamond drilling, collared from both surface and underground" ~ that's an aggressive program - Currie and O'Dea's level of confidence in Madsen speaks volumes. $PGM$Gold
@Excelsior@FundamentalAnalysis - I believe that due to their size and scope it takes a toll on the IRR % and yes they have large Capex requirements, but they are both world class assets and very mineral rich deposits. You are correct that we see #Gold projects with much better economics, but Gold is much more pricey relative to other commodities (in particular the #PGMs than it is historically). There also is a scarcity of productive PGM deposits or mines in development, which will underpin pricing. Also, many of the older mines are deep, labor intensive, and complicated by S. Africa Union BS. The mechanized mining both $PTM and $IVN plan to deploy alleviates some of those concerns, and they won't be so deep either.
My thesis is that #Platinum has a lot of ground to make up to revert to it's mean with #Gold, and #Palladium acts much like #Silver does in relation to #Gold (outperformance to the upside and down by #MiniMehttps://sidoxia.files.wordpress.com/2009/07/minime.jpg+ ).
I believe the #PGM sector including #Rhodium is going much much higher over the next few years, and that will tweak those returns in a very positive direction.
Right now, people are treating it like Platinum, Palladium, and Rhodium prices will always be trading this low. Platinum and Palladium pricing won't stay this low during this next bull cycle, and it will surprise people with #Gold#TunnelVision over the next few years. There aren't a thousand PGM companies either, but there are plenty and plenty of Gold & Copper companies.
@TronUpdated resource estimate coming in H2 2017 updatin 150,000 m drillin done 2016 and H1 2017. Now they have 1,225 million ounces m&i around 9-10 g/t. Anyone have idea how much ounces could be uptaded? douple? Now $PGM have EV around 87 m cad and EV per oz 71 cad I think its cheap
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@FundamentalAnalysis@Wannabeinvestor I wonder if $IVN with their large marketcap can swallow $PTM or at least their asset. That would be interesting. Doubt it will happen though... I can't stand $PTM management, I took a punt on this at $2cad, and I don't usually back incompetent teams, but the valuation on this company is absolutely pathetic I had to take some action, and see it as a potential turnaround play....I'm not actually that bullish short term on PGM prices based on my analysis of demand/supply, however most companies do not earn their cost of capital at these prices, and companies are holding back product tightening the secondary market (recycling) in await for higher prices. Who knows maybe its inflation that drives PGM prices higher. All I know is $PTM is quite distressed at the moment and the catalyst is sorting out maseve.
@Wannabeinvestor@FundamentalAnalysis, thanks. I made decent money on it when it broke out last spring/ summer and sold. Now I bought back in. Maseve appears to be such a basket case that you gotta wonder whether this management team has got any clue at all? I do not expect $IVN to acquire anything. Waterberg has got to be an attractive target for someone in SA, although most of the traditional PGM miners down there are struggling with their old mines and labour issues. That's why Waterberg should be interesting to the Amplats of this world. Is it wild to think that one of the better capitalised African gold companies take a punt on this one? GoldFields or RandGold or someone like that?
@Excelsior@HRA-Coffin - well it was worth a shot :-) There are some #Gold / #Copper companies that I have on the gold lists, and some of the #Copper companies with a nice #Zinc credit were moved over to that list. Lastly, there are some #PGM companies with nice Copper amounts, that I put on the #Platinum and #Palladium lists just because they are more rare.
@rodDoes anyone have thoughts about $PGM financing? Its at a 29% premium to market if my math is correct........that is a huge vote of confidence to there program at Madsen. With a new estimate in the second half of this year I would think its going to get a lot bigger.
@Excelsior@MartinTurenne - thanks Good point. I was thinking of $S as #Nickel and forgot about all the cobalt. I guess they do occur together so I'll need to review the other Nickel companies as well. There are also some #PGM companies with Nickel and Cobalt that may offer more exposure. More homework. Good stuff!
(and $S is added to the #Cobalt list)
@Excelsior@Goldfinger - What say you on the weekly compression triangle for $WG ?
It looks we are at the apex about to break out one way or another. With the move that #Platinum as has had lately, then my hunch is that this pent up energy breaks to the upside. In addition, their next round of news releases should hit prior to the #PDAC, so they can use that info for promtion at the show.
Their most recent press release was a company update back in December that really focused on all the different metallurgical test work they were doing to produce a #Copper#Nickel#PGM concentrate, or if they were going to need to produce two different concentrates. There was a bit of info on their drill campaign and permitting as well, but it seems the metallurgical testing was the next milestone they are working on. A good news release could cause the share-price to break out of the wedge.... #GotCharts?
Wellgreen Platinum $WG$WGPLF Provides Corporate Update
@Excelsior$PGM$LRTNF Pure Gold Reports Third Quarter Financial Results
(Marketwired - Feb. 10, 2017) - (TSX VENTURE:PGM) #Gold#Exploration#Drillplays
"...announced the commencement of its calendar 2017 exploration activity, which is anticipated to be a phased program. In addition to opening of the McVeigh portal and ramp to allow for detailed geological mapping and sampling, Phase I will include up to 70,000 metres of #drilling from both surface and underground. Drilling will be focused on expanding the mineral resource with wider step-outs at the McVeigh, Austin and A3 targets guided by an improved geologic understanding. Underground drilling will target near surface mineralization, with a goal of expanding the resource and providing definition of potential mining shapes. The Company plans to update its #mineralresource for the Madsen property by the end of the second half of calendar 2017, incorporating more than 150,000 metres of new #drilling completed since the last resource update;..."
@Excelsior@Goldfinger - Mark O'Dea is also involved with $PGM Pure Gold and $NXE Nexgen, besides his work with $PLG. I was impressed with what Mark did over at True Gold to build it up where $EDV Endeavour Mining bought them out. When people talk about following quality management, I'd throw him on that list as rewarding shareholders with wins.
* Mark O'Dea Ph.D., P.Geo.Director
"Dr. O’Dea has played leadership roles in founding, financing and building numerous mining companies, creating over $3 billion in shareholder value. As Co-Founder, CEO and Director, he grew Fronteer Gold from start-up to its sale in 2011 to Newmont Mining, which included the spin-out of Pilot Gold. Dr. O’Dea also co-founded and served as CEO and Director of Aurora Energy which was sold to Paladin in 2011. He co-founded True North Nickel which was sold to Royal Nickel in 2014, and most recently co-founded and served as Executive Chairman of True Gold Mining, which built the Karma Mine in Burkina Faso. True Gold was sold to Endeavour Mining in 2016. He is the founder of Oxygen Capital, and currently serves as Chairman of Pilot Gold and as Director of Pure Gold Mining and NexGen Energy. He has received numerous business and industry awards, including the Globe and Mail’s Top 40 Under 40, winner of the EY Entrepreneur Of The YearTM 2014 Pacific mining and metals category, and the AMEBC’s Murray Pezim Award for perseverance and success in financing mineral exploration."
@Excelsior@Newton - Great Article on $UCU$UURAF Ucore and their plans to capitalize increasing role of PGMs, in particular #Palladium in #EVs. It was also interesting their approach for recycling old feedstock to produce #REE and #PGM product at their "Strategic Metals Complex." Much appreciated.
new strategic investor in the stock - $1 TP, top pick status
Macquarie Capital Markets Canada Ltd.
Pure Gold Mining
C$0.60 (At 04:22, 28 February 2017 GMT)
12mth price target:
Market Cap (m):
Market Cap (m):
Current valuation (DCF):
· Today, before market open, PGM reported drill results from expansion drilling at the McVeigh & A3 targets, Madsen gold project, Red Lake Gold District, Ontario, Canada. Results were reported as uncut and for intersection length (estimated to be 50-100% true thickness, average 80%).
Impact - Incremental positive
· McVeigh drilling has now documented high-grade gold mineralization to a vertical depth of 350m as highlighted by 30g/tAu over 1.5m (hole 306) and 69g/tAu over 1.2m (hole 318). The 350m vertical depth is the deepest PGM has tested McVeigh, and we remind investors that there are high-grade intersections at ~900m vertical depth (from Claude drilling) that provide ongoing confidence that this system has scale and high potential for continuity down-plunge.
· A3 high-grade shoot expands with 58.8g/tAu over 2.0m (hole 304, includes 113.3g/t over 1m). This intersection in the Austin setting, at a 400m vertical depth, is 40m south of 25.4g/tAu over 8m (hole 229), therefore, this hole was a significant step-out [LINK]. A3 now has a +450m long plunge and is open to depth.
· Multiple plunges likely important - QFP intrusive bodies could play a key role. In looking back at our Roundup Technical Session in Jan/17 [LINK] it became more apparent that there were multiple plunge controls of mineralization. In a follow-up data review, at our Gold Explorer Conference in our management meeting, we gleaned that the steeper plunges/thicker zones in the 5km long Austin-McVeigh-Starratt gold system tend to be associated with quartz feldspar porphyry (QFP) dyke/plug intrusions. We will closely monitor whether this could be a key control.
Action and recommendation
· We think that with the new strategic investor in the stock that PGM will gain an enhanced profile and start to tack on significant share price gains as the validation resonates with the market and the 2017 expansion-oriented drill results related to the 70km drill program pour in over the next six months. We reiterate our Outperform rating and C$1.00 target and top-pick status.
Read more at http://www.stockhouse.com/companies/bullboard#C7Ah48vc9fBWZ70k.99
@NewtonHaywood out with a report on $PGM drilling announced today. Some basic background: Phase 1 of current program is 70,000M of core drilling. Four rigs testing resource expansion near existing mine infrastructure and along strike at historical Madsen mine in Ontario. Not rated by Hawood but apparently on their radar!
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@SamsonIn a good market I would expect the good news could usually send the stock price 10% higher. Alas.... $pgm
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@Samson@Excelsior. Do you have the map of $FGC's red lake properties? I want to see where their properties are located to $pgm's, especially given the recent new discovery announced by the latter