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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.
@rackerTerrific checklist on when to sell microcap stocks http://microcapclub.com/2016/09/when-to-sell/
1) when the story changes
2) when you find something better
3) at the first sign of management incompetence or unethical behaviour
4) when the company gets overvalued
Loved "microcaps are like children” analogy. You have to watch them close.
“My goal is to own the smallest, most illiquid, least institutionally owned, best businesses I can find that are run by intelligent fanatics. All great companies started as small companies, and I want to find and buy great companies early.” -- Ian Cassel
@teevee@Ted, VTEM anomaiies at Huckleberry and Sequoi are not virtually identical. Huckleberry VTEM anomalies range from 200 to greater than 3000 siemens conductivity. Sequoi VTEM anomalies range from 3000 to 4000 siemens conductivity. Sequoi anomalies could only be modelled to 50-100 meters thickness due to interference from high conductivity (ie. the anomalies could be much thicker or extend to greater depths). Given the area extent of VTEM anomalies and modelled thickness, with an assumption of density, size/tonnage can be modelled within 10%. Furthermore, multiple large, strong VTEM anomalies at Sequoi fit the Noril'sk-Talnakh deposit model, comprised of multiple ore bodies, or an ore field. Furthermore, sticking to the original budget and drilling plan does not provide any information about results, nor can any inferences be reasonably drawn or concluded.Regarding Idefix, the presence of high grade globules does not indicate the presence of a deeper massive sulphide body. Successive pulses of magma may have scoured any massive sulphide bodies completely away, or left small remnants. Similar occurrences of high grade massive sulphide globules elsewhere in the world are known to have not resulted in the discovery of massive sulphides after great and thorough exploration expenditures and efforts. Is Idefix a good exploration target? Yes, but first we have to see $NRN's VTEM results and then the anomaly has to be drilled.
1. The remaining ore at McArthur is technically challenging, they've picked the low hanging fruit.
2. Per Cigar Lake NI 43-101, remaining estimated capital cost is $1.2Bln ...or about what it will take to put Arrow into production per Doug Beattie @Ocotilloredux. Cameco's share of Cigar Lake just 113mlbs in uranium reserves https://www.cameco.com/annual_report/2008/annual_financial_review/mda/reserves_resources/uranium_reserves/
3. Cameco's total reserves (across all assets) are 495mlbs. Arrow, alone, has estimated resource ~400mlbs with visibility to 600mlbs not including any of the regional targets/recent discoveries.
4. Does your book value include the potential $2.1bln tax liability?
5. I suggest you find some industry insiders to get caught up on the state of affairs within $CCO$CCJ, you'd probably find that things aren't close to turning around anytime soon.
@BS@StarFire - off course, but the discussion in this room worries me sometimes, it gets a "religious" tone occasionally. I have high hopes that this will be a home run, but there are plenty of other great opportunities out there. Don't put to many eggs in one basket.
@PamplonaTrader@Excelsior I've said from the beginning I'm generally (medium term) negative on the U sector. I wouldn't touch any of the other U stocks. In the last 3 years, every U stock has gone down with the exception of $NXE. This is because Arrow is not just exceptional, it is generational.
@AllanI had the wrong colour on for a minute, back to green. I saw Robert Friedland was hacking on lithium to promote his own stuff. His usual MO when it comes to his pitches that I've heard over the years. That means it is probably a good time to be looking for quality lithium stocks. I only follow a few.
@tommyI saw @robmcleod in his element at Red Mountain yesterday and bringing jobs back to the Stewart BC area. Red Mountain is bustling (and snowing!). $IDM is sinking the first drill hole now into the Lost Valley discovery. Rob said its keeping him up at night! #drillplays The 2kms of underground development at Red Mountain is in great shape and is nearly dewatered. Feasibility work is ongoing with the study expected around PDAC 2017. First production is targeted for late 2018. I'm biased but see potential to double the resource and mine life chasing the existing deposit in time--without Lost Valley or any of the many other targets on the rugged 17,000 HA property. The crew at camp were very friendly and the work being done appears to be of good quality. IDM has turned over its entire "everhang" float of 220 million shares this year while raising over $18 million. @robmcleod has done this against the odds. I am so impressed with him, and $IDM!
Here are a few pics:
Rob with Graeme Moore and Andrew French atop Red Mountain http://cdn.ceo.ca/1buo9fo-image.jpg+
Underground drilling http://cdn.ceo.ca/1buoa23-image.jpeg+
In Lost Valley http://cdn.ceo.ca/1buo9h4-image.jpeg+
Out of my element! http://cdn.ceo.ca/1buo9io-image.jpeg+
Lost Valley “money rock” outcrop now being drill tested for the first time http://cdn.ceo.ca/1buo9k9-image.jpeg+
@tommyGraeme Moore, a veteran venture broker at Haywood Securities and close friend of Rob's was with us on the tour. He said "Junior companies are always in trouble. The good ones are problem solvers." Graeme was of course referring to Rob. $IDM
@newstrackerEveryone who followed my coverage, I hope you enjoyed it. Any ways to improve would be greatly appreciated. From an attendee perspective, it was incredible to have so much mines metal knowledge in one event. Companies that paid for booths may have a different opinion. There is optimism and money out there, I know I will be looking at uranium and copper. There will be more events like this on CEO.CA, so stay posted and keep posting your market insights. All the best and have a great night. #minesmoney
@rackerDundee's Dave Talbot reiterates his BUY rating on Nexgen Energy $NXE with a $3.40 price target and expectations of 290-305 MM lbs #uranium. Haywood's Colin Healey reiterated his Buy rating and $4.00 target on Nexgen earlier. Healey expects a new resource estimate for the Arrow deposit in Q4 of this year or Q1 2017.
@Excelsior$DNN Denison controls partial ownership of one of the 2 Mills in the Athabasca (along with their partners $CCO$CJJ Cameco), so they will do just fine as well.
"Whoever controls the #URANIUM mill controls the District" A new #Uranium mill takes about a decade, endless environmental reviews, and a mountain of permits to achieve, so the mills in place are the winners.
Also, Denison is not just an explorer, they are a past Uranium producers (and they've been around for decades). They are a development company with experience from the front end exploration, to mine development, to production, and then to the back-end remediation.
$DNN have a separate division geared around mine cleanup and remediation that is additionally bringing in revenue. Just thought I'd mention that for investors that may erroneously assume they are just an explorer. Far from. They are the ones that sold $UUUU Energy Fuels their old White Mesa Mill in the US and their land package. $DNN is also the company that partnered with $GXU$GVXXF Goviex to have them JV their properties in #Africa. When the worm turns in the Uranium sector, Denison will do just fine.
@HRA-CoffinWarren is a "go big or go home" type. I don't see him panicking at the first weak drill hole because he understands this could take some time to unravel even if there is a monster deposit hiding on one of $NRN 's projects. More importantly, he's the sort of guy who will buy and buy hard in the market if they do hit something, which many funds don't do.
@HRA-CoffinASX is a pain, but I'll look because @MiningBookGuy loves it so much. Having to put in order then wait and wait to see if I get fills doesn't really meet my need for childish entertainment and constant stimulus but, hey, if its a good deal... $AQI.AX
@stateside@allan is listening to @rocketred on $OOO and the president of $OOO cracked up when told that word here is the deposit has been closed off. Just getting to crab claw with upcoming assays but that doesn't prevent the armchair geologists here to make up stories. Beware of who you listen to around here.