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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.
@ExcelsiorBlue anonymous - I love them both, and absolutely respect Eric's knowledge and have followed him since about 2010. He's the man. After listing to both Craig and Brents discussion, I couldn't help but feel very positive afteward. If he didn't know some of those companies, then the average commodities friendly investor surely hasn't taken notice of many of them yet. That bodes well for the future new buyers once the momentum picks up over the next few years.
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@Excelsior@MiningBookGuy - well stated. Yes I definitely want to get positioned before all the newsletters and then general investing universe jumps on board. However, most of the companies already have a number of newsletters and institutional funds following them. It wasn't like they were zombies or deal jumpers.
I like Brent, but his comments about not following stocks with an American flag or Patriot in their name because they probably don't have a real property, doesn't translate at all to $USA$USAPF Americas Silver Corp. Clearly he just doesn't know much about silver stocks, as $USA has 2 mines in production, 1 mine on care and maintenance (coming back into production in 2017), and 1 #Development project ramping up into production in 2017-2018. They are moving from a Small #Silver Producer to a Mid-Tier by 2018, and their performance from Jan of this year trounced most of returns they got on takeover stock recommendations.
He also liked $DEF and the guy that built $USA (Peter Hawley) is now Director of the Board for $DEF and they mentioned his track record with Americas Silver when that news was announced. How he hasn't heard of them is mind-boggling.
$ASM Avino has 2 mines in production for #Silver#Gold#Copper (with a historic off-take agreement to #Samsung which made all kinds of news in the mining community), and their old Tailings resource they are putting into #production for the next 5 years. (not a fly by night company and one of the more solid growth stories in the Silver Mining space). The write-in question to Craig for Brent was about Bralorne (a famous past producing Gold mine) they own and are considering putting back into production. They speak at the conferences he's at all the time :-)
$PGM Pure Gold has been killing it with great drill results all year from the property they picked up from Claude. He used to own Claude prior to the takeover, and you'd think it would be on his radar or he'd seen them speaking at conferences he was at. They also have an insanely solid management team. Here are 2 people I'm sure he knows:
*Mark O’Dea, Director
• Former Executive Chairman of True Gold Mining
• Current Chairman of Pilot Gold
• Former President & CEO of Fronteer Gold
• Placed second in the Goldcorp Challenge
*Rob Pease, Director
• Former President & CEO of Sabina Gold & Silver
• Former President & CEO of Terrane Metals
• Former Manager, Canada Exploration & Global Projects at Placer Dome
$BHS Bayhorse Silver is putting their Bayhorse underground mine in Oregon back into production soon, and they are developing their "Bridging the Gap" asset located between the Bunker Hill Mine and Page Mines in Idaho’s prolific “Silver Valley”. They aren't as well known as the first 2 but they are operating in the USA, David Morgan has covered them, and their stock was up hundreds of percent earlier this year, crushing most of the returns in the household gold names.
Obviously, $NRN Northern Shield is just a #drillplay at this point in time (so I could see him maybe not knowing about it), but they've been sponsors at the #MIF shows and Eric, Gwen, and Scott G. are all very interested in it. How he couldn't have heard about them when his newsletter is " #Exploration Insights" doesn't seem well-informed. $NRN have garnered a great deal of interest for the potential of a giant discovery, and here on Ceo there are more people in that room than the index some days :-)
Yes, there definitely are too many companies to follow, but still these are not wacko zombie companies or start-ups. With the exception of Northern Shield, these other companies have been making progress for Years in the mining scene.
Again, I took it as a positive that if Brent doesn't even know who these companies are, then surely most people haven't even looked at these yet. It also means that when "experts" say things like "There are only a handful of economic deposits out there" - that these comments should be taken with a grain of salt. How can they be so sure when they don't know most of the companies or haven kept up with them to know where things are at moving into 2017? They should say "There are only a handful of economic deposits, out of the handful of companies I'm reviewing."
That is good news for plenty of new investors to find stories like these as we move into the next cycle. Like @racker mentioned, there is still plenty of room for independent research to dig up a few other gems.
We are still early days, and should remind our fellow investors active today, that most of the big money hasn't even started migrating over into these mining stocks yet. Some of the future investors and institutional funds won't be looking at these until 2018 or 2019 and people on this site today, will be well-positioned long before the masses come into the sector. That's pretty exciting when you step back and think about it.
@ExcelsiorPS - Mark O'Dea of Fronteer Gold success, that is a Director of $PLG Pilot Gold, and a director of $PGM Pure Gold Mining, is also now a Director of $NXE$NXGEF NexGen.
NEXGEN APPOINTS DR. MARK O'DEA TO BOARD OF DIRECTORS
VANCOUVER, Nov. 9, 2016 /CNW/ - NexGen Energy Ltd.(TSX:NXE, OTCQX:NXGEF) is pleased to announce the appointment of Dr. Mark O'Dea as an independent non-executive director, effective November 8, 2016.
@MiningBookGuywell said @bullmarketmove!
and thanks for that great #PGM list @Excelsior!
good point on Northern Shield as well...if anyone needed further reason to sell , it's 'just-in-time' for tax-loss selling. while I personally haven't 100% made-up-my-mind yet, I'm planning to hold my own 'lotto ticket' through early 2017...might be the wrong decision, but 'hoping' (uh-oh, dangerous word!) it will settle a bit higher than the current price, and I can decide if the other targets are worth it, compared to other plays out there. But this was likely a case where selling right after the announcement was the best choice...
@Xriva@Excelsior Great info. The politically stable Yukon is a big plus over Africa. Also $WGPLF compares well against it's north American peers, which are few in number. Do you consider $WG one of the better picks in the #PGM#Copper#Nickel sector(s)?
@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."