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@FundamentalAnalysis $PAF.L is an interesting south African well run gold mining company, with about 200k gold produced per year and a small operating project in the PGM space and also coal. Low debt, good dividends most recent was 6%, makes money at todays prices with the benefit of exchange rates. Very large reserve base and resources so no shortage on that front........ good one for #newbies to look at...political risk remains an issue unfortunately but so far its operated successfully there. ~AUfrica #producers
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@Excelsior @Highheat - Agreed on $EXN I've been adding the last few week and there's been a nice run lately and today they released good end of the year results. I posted a summary in their room. There are a few other #Silver companies that have done OK but my focus is typically on the smaller #producers and #developers that often surprise to the upside.
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@Excelsior @Enforcer36 - This is one of the better overviews of #NorthAmerican #Uranium #Producers that I’ve come across. $CCO $CCJ $DML $DNN $EFR $UUUU $UEC $URE $URG $URRE $PEN $PENMF. The only one not included in this article was $ARY $ANLDF Anfield Resources (as they are just going into production in 2017). I would also add that $UEC and $URRE are prior producers but not currently in production, so I have them categorized as #Development stage at this point. Note: This article doesn't cover the #Explorers (which have fared better than the producers due to the depressed prices in the #Uranium sector) _________________________________________________________________________ North American Uranium Producers December 20, 2016 – Brian @ Junior Stock Review http://www.juniorstockreview.com/2016/12/20/north-american-uranium-producers/
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@Excelsior @MiningBookGuy - Amazing coverage of the #WestAfrica #Gold scene as it is continuing to consolidate. There were far too many points for me to respond to but everyone should spend some time and read through that series of posts to see how this failed $ACA.L $EDV merger (due to the export ban in #Tanzania) really changed the batting order of who may get acquired next by both of those companies as they move to diversify into different #development stage and #exploration stage companies, or other small to mid-size #gold #producers. I'd also bring up that $IAG $IMG Iamgold is tied up in their merger with $MXI Merrex gold at present, so they are likely going to sit this one out. The first 2 companies I though of once the news broke was $TGZ Teranga and $PRU $PRU.AX Perseus as potential new acquisitions for $EDV or $ACA.L to get their production profiles expanded immediately. Persus is more in debt and encumbered with poor operational results at current gold prices, and is still a bit tied up with their Amara acquisition. $TGZ is solid, and really cheap at present, so if either of the big boys grabbed the next logical mid-tier it would likely be Teranga. However, the next thought I had after reading the deal fell through, was that $SWA Sarama or $SCA may get aquired by $TGZ to consolidate the #SouthHoundeBelt and compliment their Golden Hill project. In that recent $TGZ video posted from the #SwissMiningInstitute conference, they unpacked their increased efficiencies at Sabadola, their ramp of #development at #Banfora and then they went through their 3 other main #Exploration targets. Clearly, Golden Hill is the one they are putting their focus on, so it could make good strategic sense for them to acquire $SWA or $SCA to lock down more property in that area. It wouldn't be fair not to mention that $ROG Roxgold is also right there in the thick of the action in the South Hounde Belt and could also be a wildcard acquisition for $ACA.L or $EDV, or $ROG could surprise us all and be the company that does the acquiring of $SWA or $SCA. Another thought I had recently is that since $SCA is a Ross Beaty company and so is $ORG, I also wouldn't rule out those 2 being consolidated in his #Africa land grab. We haven't discussed $AKG Asanko or $SMF Semafo yet either, but they also may do some acquiring or $AKG may also get acquired by $EDV or $ACA.L. I'm actually surprised no other companies have made a move on $AKG or $ROG yet, and this brings up the point that there is also room for another large #Major or #MidTier Gold #Producer to decide to diversify into #WestAfrica and get in on the action. (I would NOT rule out a market surprise from another Senior miner coming in and locking up some of these projects). Lastly, it is important to bring up some of the MOST LIKELY candidates for #takeover or #takeout in #WestAfrica - those being 1) $HUM.L - Hummingbird Resources 2) $AVK - Avnel Gold 3) $ORE - Orezone. Since the deal with $EDV and $ACA.L is off the table, I could see both of those larger companies going after one of these 3 #Developers who are so much closer to #production than the earlier stage #Explorers. *** This is definitely going to be an exciting 1-2 years in West Africa where we'll likely see the number of companies consolidated down substantially in an #acquisition frenzy. Bring it !!! ~AUfrica
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@Excelsior @A. Paul Gill - Thanks for the heads up on $AVX. Yes, I'm tracking about 50 miners with #Zinc exposure. Lot's to follow for sure. Some of my favorite exposure to the upside in rising Zinc & Lead prices is with the #Silver #producers and some of the Silver #development stage projects in the works. The increasing Zinc & Lead prices have a substantial impact on the costs, margins, and revenues for the Silver miners. Good stuff!
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@Excelsior @Moose_pasture - Tinka (just sold on this move up, but will be getting right back in on a little more pullback), Vendetta, Heron, Canada Zinc Metals, are my main #Zinc holdings. Also, I've decided to give Callinex a go (only have a small starter position at present) for the 2017 exploration program since they sold off so hard on the last campaign. People forget about all the good work they had done previously to last year's miss, so that one is a bit more speculative. Lastly, I'm also considering Red River, Foran, Zazu and Pasinex for more Zinc exposure. [apparently I need to look at Karmin as well based on the responses above :-) ] The rest of my Zinc exposure comes through the impact of higher prices on the cost/margins/renues of the #Silver miners (many Silver Miners have fairly robust exposure to Zinc in their Silver eq ounces), and the marketplace has not been making this connection based on the Silver miner share prices lately. I expect that rising #Zinc & #Lead prices will show up as a boon to the smaller Silver #producers over the next few quarters.
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@Excelsior @FundamentalAnalysis - For clarity, I wasn't suggesting their silver production is marginal. (far from). Simply that their strategy of waiting to mine the higher grade #Silver stopes until Silver is $25-$30 is a good optionality factor to wait for better profits. $USA $USAS Americas Silver has a solid strategy of scaling back going as aggressively after the Silver and instead is accessing the sections of both mines with more Zinc & Lead. This is brilliant and allows them to capitalize on the higher prices currently found in both those base metal inputs, which drops their costs reported in Silver equivalent ounces. * As we've mentioned several times recently, it is fascinating that the marketplace is in a frenzy for #Zinc #Explorers (who are nowhere close to #production or cashing in on the current elevated prices), but these same investors seem to be missing the fact that there are very few primary Jr #Zinc #Producers that can cash in on these prices at present (Trevali being the main one). Instead, there over a dozen #Silver #Producers that can immediately capitalize on the higher #Zinc & #Lead prices right now. This will drop these companies costs over the next few quarters, so positioning in select Silver Producers or Developers is a great way to get exposure to all 3 metals without going on wild goose chases with many of the new/old Zinc exploration companies being hyped (many of which will never be economic mines). Then as #PreciousMetals climb in value later in the year and moving into 2018, then they also get the upside in the Silver pricing.
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@Excelsior @FundamentalAnalysis - As a Mid-tier #Gold & #Silver miner operating 3 mines in 3 different jurisdictions and reducing their costs each year and paying a 6% #dividend, their current pricing trend has been terrible and doesn't make much sense. I believe their "wart" is the shorter mine life, but that was their knock in 2010, 2011, 2012, 2013, 2014, 2015, and 2016, and they've continued to mine from those projects that others were so worried about and consistently replace the reserves while lowering costs. As mentioned in their recent presentation above they've done the final turnaround for Costerfield and the current track is the real end of life on that particular asset. Another thing that interested me about them was that their jurisdictions were fairly diversified in #Chile, #Sweden, and #Australia. (how many Swedish producers do people really have in their portfolio anyway.... lol) Many investors knock against #Silver miners is that they don't like exposure to #Mexico, so this is a way to get Silver & Gold exposure without Mexico (even though I'm personally very happy to speculate on Mexican Silver stocks....because that is where huge Silver deposits are located. In the bear market $MND were more resilient than many peer #producers, but when things got going in 2016 they were not appreciating like other producers, so I discarded them. However, the low pricing recently seemed like a good place to start wading back in. We'll see how it goes, if they find #water for their #development project in Chile, and what acquisitions they may make on move-forward basis.
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@Excelsior @FrenchieFrench - I'm no expert on #Uranium mining in #Australia, but I've been investing in this sector for about 8 years and have come across a few Aussie companies that operate in Australia, and a growing number of Australian companies that operate abroad that may be helpful to start your journey. First up $RIO Rio Tinto is one of the larger players in Uranium space globally with their Rossing project in Namibia, and their work and 2/3 ownership of $ERA.AX Energy Resources of Australia. 1) Energy Resources of Australia is one of the longest running Uranium #Producers down under, but I've steered clear of them since they've had all the issues at their Ranger mine where they had the leach tank failures and downplayed the environmental damage. There are better #producers to own in North American in my opinion. http://www.energyres.com.au/ 2) $BOE.AX Boss Resources - is developing some of Uranium One's old assets (like their Honeymoon project) in South Australia and it is an up and coming #Developer to follow. http://bossresources.com.au/honeymoon-uranium-project/ 3) $TOE.AX Toro Energy has 2 different projects in but luckily it appears their permitted Wiluna project will squeak through before the moratorium on Uranium mining in Western Australia gets put back in place. They are a major Aussie Uranium #development project to follow http://www.toroenergy.com.au/projects/wiluna-mine/ 4) $LAM $LAM.AX Laramide Resources has 2 main jurisdictions - their New Mexico, USA projects they recently picked up from $URRE and their flagship Westmoreland development stage project in in Queensland, Australia http://www.laramide.com/index.php/projects22/australia10/westmoreland 5) $EPM.AX Eclipse Metals is a multi-commodity conglomerate but has some Uranium assets they are developing in the Northern Territory Australia http://eclipseuranium.com.au/projects/uranium-projects/ 6) $VMY.AX Vimy Resources has their Mulga Rock Uranium project in Western Australia, but it is unclear how the new moratorium in W. Australia may affect this project on a move-forward basis. http://www.vimyresources.com.au/index.php/mulga-rock-uranium-project/mulga-rock-uranium-project-overview ____________________________________________________________________________ Then there are the Australian Uranium companies that are operating abroad: 7) $PDN.AX  $PDN Paladin is the most well know Aussie Uranium company mostly operating abroad in Namibia and Malawi, #Africa. They've been an economic train-wreck the last few years with the low spot pricing, as they didn't have many longer term off-take agreements at higher prices like some of the more noteworthy North American producers, and they keep selling off more and more interest in their projects to survive. They do have a Canadian project, and 2 more developing projects in Australia that are worth noting, but most of the action is in Africa. http://www.paladinenergy.com.au/project-locations 8) $DYL.AX Deep Yellow Ltd is also operating in Namibia #Africa and they are getting more attention lately since the Sprott investment and recent earn-in by JOGMEC. http://www.deepyellow.com.au/ 9) $ACB.AX A-Cap Resources is operating their Letlhakane Uranium Project in Botswana southern #Africa http://acap.com.au/projects/letlhakane/letlhakane-uranium/ 10) $PEN.AX Peninsula Energy - is one of the newer #InSitu #Producers in Wyoming, USA that gets very little mention when people discuss North American Uranium miners, but they are a nice emerging company with other projects in Africa & Fiji. http://www.pel.net.au/projects/lance_projects__wyoming_usa.phtml There are probably more Australian-based or Australian-focused companies, but I'm getting tired, and that's a good list of 10 companies to start doing some homework on. Hope it helps. Cheers!
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from #uranium,
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@Excelsior @FrenchieFrench - I'm no expert on #Uranium mining in #Australia, but I've been investing in this sector for about 8 years and have come across a few Aussie companies that operate in Australia, and a growing number of Australian companies that operate abroad that may be helpful to start your journey. First up $RIO Rio Tinto is one of the larger players in Uranium space globally with their Rossing project in Namibia, and their work and 2/3 ownership of $ERA.AX Energy Resources of Australia. 1) Energy Resources of Australia is one of the longest running Uranium #Producers down under, but I've steered clear of them since they've had all the issues at their Ranger mine where they had the leach tank failures and downplayed the environmental damage. There are better #producers to own in North American in my opinion. http://www.energyres.com.au/ 2) $BOE.AX Boss Resources - is developing some of Uranium One's old assets (like their Honeymoon project) in South Australia and it is an up and coming #Developer to follow. http://bossresources.com.au/honeymoon-uranium-project/ 3) $TOE.AX Toro Energy has 2 different projects in but luckily it appears their permitted Wiluna project will squeak through before the moratorium on Uranium mining in Western Australia gets put back in place. They are a major Aussie Uranium #development project to follow http://www.toroenergy.com.au/projects/wiluna-mine/ 4) $LAM $LAM.AX Laramide Resources has 2 main jurisdictions - their New Mexico, USA projects they recently picked up from $URRE and their flagship Westmoreland development stage project in in Queensland, Australia http://www.laramide.com/index.php/projects22/australia10/westmoreland 5) $EPM.AX Eclipse Metals is a multi-commodity conglomerate but has some Uranium assets they are developing in the Northern Territory Australia http://eclipseuranium.com.au/projects/uranium-projects/ 6) $VMY.AX Vimy Resources has their Mulga Rock Uranium project in Western Australia, but it is unclear how the new moratorium in W. Australia may affect this project on a move-forward basis. http://www.vimyresources.com.au/index.php/mulga-rock-uranium-project/mulga-rock-uranium-project-overview ____________________________________________________________________________ Then there are the Australian Uranium companies that are operating abroad: 7) $PDN.AX  $PDN Paladin is the most well know Aussie Uranium company mostly operating abroad in Namibia and Malawi, #Africa. They've been an economic train-wreck the last few years with the low spot pricing, as they didn't have many longer term off-take agreements at higher prices like some of the more noteworthy North American producers, and they keep selling off more and more interest in their projects to survive. They do have a Canadian project, and 2 more developing projects in Australia that are worth noting, but most of the action is in Africa. http://www.paladinenergy.com.au/project-locations 8) $DYL.AX Deep Yellow Ltd is also operating in Namibia #Africa and they are getting more attention lately since the Sprott investment and recent earn-in by JOGMEC. http://www.deepyellow.com.au/ 9) $ACB.AX A-Cap Resources is operating their Letlhakane Uranium Project in Botswana southern #Africa http://acap.com.au/projects/letlhakane/letlhakane-uranium/ 10) $PEN.AX Peninsula Energy - is one of the newer #InSitu #Producers in Wyoming, USA that gets very little mention when people discuss North American Uranium miners, but they are a nice emerging company with other projects in Africa & Fiji. http://www.pel.net.au/projects/lance_projects__wyoming_usa.phtml There are probably more Australian-based or Australian-focused companies, but I'm getting tired, and that's a good list of 10 companies to start doing some homework on. Hope it helps. Cheers!
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from #uranium,
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@Excelsior Stockcharts struggles with #AussieStocks, but sometimes you can use the OTC ticker for the general trend. I use Hotcopper as a resource for the Austalian tickers, but just use Yahoo finance to chart Aussie companies. Interactive Brokers is a good platform for trading and charting Australian tickers as well. As a consolation prize here is a quick chart of the #Lithium stocks (mostly US/Canadian) that could be charted on stockcharts (Galaxy & Altura had an OTC tickers that worked): $ORL $GALXF $LAC $NMX $PE $DJI $CRE $BCN.L $FL $ALTAF http://stockcharts.com/freecharts/perf.php?ORL.TO,GALXF,LAC.TO,NMX.TO,PE.V,DJI.V,CRE.V,BCN.L,FL.V,ALTAF&p=5&O=111000 It would have been nice to include some of the #AussieStocks like the #producers $NMT.AX and $MIN.AX, or the #developers $PLS.AX $KDR.AX $BGS.AX - but no dice....
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@Excelsior @MiningBookGuy - The #Explorers move to the beat of their own drum....er...drill. They can move up or down based on good/bad discovery regardless of the underlying commodity price. For #developers and #producers, the underlying price is more relevant.
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@Excelsior @Jayfire - Agreed 100% I have 2 computers, 1 smartphone, and dozens of tabs open that I continually refresh. I'm looking to expand into an underground lair.... https://i.kinja-img.com/gawker-media/image/upload/s--bOgGdJad--/c_scale,fl_progressive,q_80,w_800/18s0fknzsv5pvjpg.jpg+ It is probably some form of ADHD, but I compulsively refresh the spot prices on the commodities and currencies multiple times throughout the day. (I'm probably just insane.) Like you I'm exposed to many small and mid-tier #producers, #developers so it does matter. In addition there are a fair number of #Explorers peppered in on each sector I track just for the wildcard upside and non-correlation. #Diversification #mbgtrends
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@Excelsior @Onlyflaws - I will back your shameless promotion of $AR $ARNGF One of my favorite underappreciated #Gold #Producers with a large #Development profile. (Look at where they were trading in 2012 for hint of where they are going. They have such a larger pipeline now than they ever did back then) Argonaut Gold - Corporate Presenation - March 2017 http://www.argonautgold.com/_resources/presentations/March-2017-FINAL.pdf Argonaut Gold - #Video #CorporatePresenation April 5, 2017 -Zurich, Switzerland - European Gold Forum Pete Dougherty - President & CEO http://www.europeangoldforum.org/egf17/company-webcast/AR:CN/
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@MiningBookGuy RE-POST: I love this article from @TheDailyGold! 5 Reasons I Favor Junior Exploration Companies https://thedailygold.com/5-reasons-i-favor-junior-exploration-companies/ #Juniors #exploration I think this is a great 'gateway' article for people who have been more focused on #Producers and #Developers. I would never recommend someone go 'all-in' on exploration. But this is a GREAT time to at least start looking into #explorers (in #gold for sure, but across any commodity), for all the reasons given by @TheDailyGold. #mbgtrends
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@Excelsior @MiningBookGuy - Agreed - great article from @HHorseman - and it has been posted on the #Korelin Economics Report market wrap for a little #Silver discussion. #mbgtrends http://www.kereport.com/2017/04/24/dont-trust-the-gap-up-in-the-us-markets-today/ We are still fairly well supplied on physical Silver for now, but that trend will change over the next few years as it becomes increasingly difficult to find the high grade Silver in #exploration work, and producers have more of challenge replacing their reserves. This will make companies with Silver #explorers much more valuable if they do hit paydirt (like $DV Dolly Varden, $BBB Brixton Metals, $KTN Kootenay Silver, $KS Klondike Silver, $DEF Defiance Silver, $BTT Bitterroot etc…) Also the #Developers that are still exploring like $AXU Alexco, $BCM Bear Creak, $MSV Minco, Bayhorse, $AUN Aurcana, $SBR Silver Bear, will benefit from continuing to expand their ounces in the ground. It is also overlooked that many of the #Producers (like $IPT Impact Silver, $USAS Americas Silver Corp, $EXN Excellon Resources, $SCZ Santacruz Silver, $ASM Avino Silver & Gold, $EXK Endeavour Silver, $GPL Great Panther, $FSM Fortuna, etc….) also have very exciting #Exploration targets around their existing mines and many have a pipeline of #Silver projects coming down the pike…..
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@Excelsior @HHorseman - Good thoughts on the #Silver miners today (as per usual). Since we discussed $IPT yesterday in our laundry list of #producers with great #exploration potential, I though you may like these charts from my buddy Matthew (on the KER) showing just how resilient it has been compared to many of its smaller Silver producer peers Also the first chart illustrates just one example of how Silver miners can outperform in bull market moves. What is also hilarious is how many investors have Gold tunnel-vision and ripped on Silver miners and Silver investors at the beginning of 2016 and some well known geologists called them wingnuts or mouth breathers, yet companies like Impact Silver, Silvercorp, Excellon, Americas Silver, etc.. trounced the returns in most of their picks. What part of Silver out-performs on the upside/downside don't PM investors understand? : On April 25, 2017 at 5:34 pm, Matthew says: IPT’s bullish consolidation continues… http://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=2&mn=0&dy=18&id=p36335037119&a=475140420 *** [as mentioned yesterday, few miners had this kind of a 10-Bagger move in 2016 - see above #chart] http://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=0&dy=0&id=p65098814607&a=517725786 http://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=0&dy=13&id=p64244836675&a=504696309
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@Excelsior @FundamentalAnalysis - I was just kidding about $ORE since you and I and @Jayfire all have the exact same companies in #WestAfrica. (spooky & kooky) Looks like we'll need @MiningBookGuy to vary up our #African diet a bit. :-) I like $AVK and $HUM.L better than $ORE but feel investors threw out the baby with the bathwater and they represent interesting value here and have been working to upgrade their resource and get things back on track. If $SSL got involved with $AVK that would be fine, but my investment thesis never depended on something like that. Yes, I agree that it is nice having a good part of the portfolio in #Producers and not just #Developers or #Explorers - #Diversification. Each sub-sector can have their season and provides different risk/reward scenarios.
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@Excelsior @FundamentalAnalysis - in all seriousness that is was Endeavor Mining and Acacia mining were trying to do when their merger flopped earlier this year due to #Tanzania. There are a number of posts in ~AUfrica about that from a month or two back. This begs the question: Since the $EDV and $ACA.L merger fell through, will they both go after the smaller #producers, #developers, and #explorers peppered throughout #WestAfrica?
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@Excelsior Another great article out today from our illustrious contriutor @Jayfire #mbgtrends #Index $EDR $EXK Endeavour Silver – #Silver #Producer With Near-Term Growth Potential Apr. 26, 2017 – Fi Fighter https://seekingalpha.com/article/4065496-endeavour-silver-silver-producer-near-term-growth-potential#alt2 Also - good embedded #Table showing how some of the larger #Silver #producers stack up on Beta. (the 3 year column is interesting) https://staticseekingalpha.freetls.fastly.net/uploads/2017/4/26/45404866-14931836509655623.png+
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@Excelsior @FundamentalAnalysis - Honestly I think $AXR $AXU may outperform them all later this year when they announce they are going back into #production. $IPT has the most torque last year in 2016, of the #Producers, but was surpassed by the #Explorers $SIL and $CLZ. I'm betting that $BBB is a top #Silver #Explorer this year (it did well last year) $USA $USAS does have a nice catalyst in late Q3 and early Q4 though with San Rafael coming on-line. However, $EXK is really oversold here and has it's own catalysts in development, and production improvements. $EXN is the highest grade #producer, and they'll FINALLY be done dewatering their mine at the end of Q2 so then they can really pick up the pace with the high grade zones in their mine. That may get things moving. $BHS is starting to move towards near-term production, so that enthusiasm may propel them higher $AUN is still working on getting their mine ready for restart late in the year so that may be a late bloomer for 2017 if they can get back into #Production $BCM is a great #Developer with a high torque to rising #Silver prices $SCZ is so depressed that it may spring to life and surprise the hell out of everyone. $KS has the room to move Bigly on a percentage basis, as does $KTN for explorers. $DV is one of my favorite #Explorers at present (I'm sure there are some smaller companies that may even move more if they have a discovery, but some of those spec Silver Explorers have gotten frothy on little real value, so I tend Personally, I can't ever decide that's why I build my own #Silver ETF.
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@Excelsior #Korelin Economics Report - WEEKEND SHOW – SAT 29 APR, 2017 * INVESTORS AGAIN FAVORING RISK ON ASSETS * "This week started off with a bang. The US markets gaped up along with a major gap down in #volatility (Dana Lyons has some comments in segment 3). Investors continue to shine a very positive light on risk assets which in turn made #gold and other risk off assets sell off. This general concept is discussed along with #Trump’s tax plan and a couple important company updates, one from Mariana Resources on the sale to Sandstorm Gold." >> Segment 1 & 2: The first two segments I am joined by Peter Boockvar, Chief Market Analysts for the Lindsay Group. We discuss the state of the US #economy focusing on the auto sector and consumer and business spending. In the second segment we look at #inflation which seems to be peaking for the time being. > Segment 3: Dana Lyons outline the historic moves in the $VIX that we saw this week. > Segment 4: Chris Martenson from PeakProsperity.com shares his views on the Trump #tax plan. >> Segment 5 & 6: To kick off the second hour Sean Brodrick is back on the show with a new newsletter! We discuss the state of the #gold market and in the second segment he mentions a number of companies ranging from #producers to #explorers and a few #silver companies. > Segment 7: A update from $AUG Auryn Resources on the mobilization to the Committee Bay project. > Segment 8: Big news this week regarding $MARL Mariana Resources and $SSL $SAND Sandstorm Gold. Glen Parsons joins me to discuss the deal and what it means for shareholders. http://www.kereport.com/2017/04/29/investors-favoring-risk-assets/
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@Excelsior @Jayfire and @HHorseman - Just woke up and saw a Silver discussion going on. I'm not sure what the investment objectives are of the people writing to you, but again they could go with the ETF $SIL (not Silvercrest as it displays here - although they are a great Exploration team to throw into the mix here), or there is the "Junior" Silver ETF $SILJ. If these investors want more stable names in the #Silver mining space, then I agree with you both that names like $AG $HL $TAHO $FRES.L $HOC.L $CDE $PAAS $SSRI are the way to go with the larger cap stocks. If they want a few MidTiers there are are $EXK $GPR $FSM $ASM $MAG that are all solid companies. Personally, I just tend to go with the Smaller #Producers $USAS $IPT $EXN $SCZ and #Developers $AXR $BCM $AUN $BHS $MSV $GRG etc... because they have the potential for out-sized gains in a rising metals price environment and they destroyed the gains of the larger companies last year in 2016, [and on every counter trend rally in 2012, 2013, 2014, and 2015]. One of the reasons for this is that they go from "underwater" and distressed (and therefore despised by investors) to suddenly increasing margins, improved costs, and then even profitability as #Silver and (Zinc/Lead) start creeping up in value. Lastly, the #Explorers in any commodity can offer up the biggest gains like $SIL Silvercrest $CLZ and $BBB did last year on some good drilling, but like Gold or Copper explorers, most won't find enough to make an economical deposit. $KS and $BBB have brownfields development and sunk costs already in place since they are prior mining districts (so there is far more likelihood of them getting their permits to restart mines, and we know the best place to find deposits is often in the shadow of other mines). $DV is the explorer that many on here have their eyes on a site sponsor and #GoldenTriangle play, and I am also a shareholder interested to see how their drill program goes. I owned them last year and mentioned for several months that $HL was going to make a go at them, but then many acted surprised when they did. (the next time they get an offer, I believe they may accept it). I like Gary Cope (of Orko Silver and Orex) and he is good at getting companies to the point of takeover. $KTN is a VERY solid #Exploration company and will be moving into #Development soon. $MMG is getting noticed again because their property surrounds $AXU at Keno Hill. There are also a few new names getting traction the last 2 years like $SVB, $SSV, $BTT, $BCK, and $AZS starting to make some traction and get a following. Of course, in corrective environments like we have now, they also sell off much harder, and some investors can't handle that kind of volatility and would be better served with the more conservative names in the space.
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@Excelsior @Granddesbains - while I always appreciate Star Wars references, let's be clear - $WML was a #Uranium company, that became a #RareEarth company, that became a #Silver & #Gold company, that now has become a #Lithium company. The odds of them ruling the #Lithium galaxy when there are far more advanced #producers like $FMC $ALB $SQM #Ganfeng #Talison (#Tianqui) $GXY.AX Galaxy (the real one) $ORL Orocobre $NMT.AX NeoMetals $MIN.AX and advanced #Developers like $LAC $PLS.AX $NMX are not that great. $WML may still do enough work to get acquired, but they are more like Lando running Cloud City.
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@Excelsior @Granddesbains - They definitely have more focus now and a better team now that they did in the past, but the world only needs so many #Lithium companies. The other ones I mentioned have been working in the field longer and are #Producers or near-term Producers in #Development (with advanced permitting, economic studies, and pilot plants in the works). My only point was I doubt Wealth will be ruling the Lithium galaxy anytime soon. I wish them luck, like all mining companies, but take a more pragmatic approach to the 100+ #lithium companies swimming around in the froth at present. 90% of them are bye bye in 2-3 years.
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@Excelsior Small Gold producers shrugging off low metals prices for a ~Green Day: Small #Gold #Producers % Chg $MLN 0.74 17.46% $GG 0.06 9.09% $WDO 3.20 7.02% $EXG.AX 0.04 7.32% $BLK.AX 0.31 6.90% $AMI.AX 0.21 5.00% $MTO 0.91 4.60% $CGN.AX 0.02 4.35% $WPG.AX 0.05 4.17% $IO 0.13 4.00% $TMM 0.60 3.45% $R 0.61 3.39% $GGD 0.64 3.23% $GORO 3.38 3.20% $MOY.AX 0.22 2.38% $PG 2.61 1.95% $RED.AX 0.04 2.33% $SMC 0.28 1.82%
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@Excelsior @nobshere - Those aren't Small #Gold #Producers or #Developers There are too many #Explorers to list them all. Cool your jets broski. I also didn't do the #Mid-Tier or #Major producers for Gold.
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@Excelsior Here are the Gold Mid-Tier Producers that had a nice ~Green Day: #Gold Mid-Tier #Producers Price % Chg $BAA 0.12 9.26% $AKG 2.24 6.67% $EDV 21.33 5.80% $ACA.L 398.90 5.50% $MML.AX 0.40 5.26% $HGM.L 139.25 4.90% $DRD 3.87 4.59% $SLR.AX 0.49 4.26% $BTG 2.25 4.17% $IAG 3.76 4.16% $CEE 2.82 3.68% $DRM.AX 0.29 3.57% $PRU 0.30 3.45% $AGI 6.39 3.23% $EGO 3.42 3.01% $AR 2.01 2.55% $KLDX 3.25 2.52% $BDR.AX 0.22 2.38% $RIC 6.80 2.26% $TXG 21.40 2.05% $PPP 0.48 1.97% $CG 7.30 1.96% $MND 0.54 1.89% $DGC 16.70 1.83% $PAF.L 15.25 1.67% $GUY 5.82 1.22% $OGC 4.28 1.18% $GCM 1.44 0.70% $ASR 1.99 0.51% $NST.AX 4.23 0.48% $MUX 2.68 0.37%
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@Excelsior @Nobshere - $GG They are small #producers in South #Africa
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@Excelsior @HHorseman - Well you only left off about 6 #producers and 5 #developers so maybe you should go for the whole list (minus #Explorers).
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@Excelsior @FundamentalAnalysis - With #Producers it is more about costs, margins, revenues and the torque they have relative to a rising #Silver price. In addition, mine improvements in throughput, or recovery rates of the metals, along with the kicker credits from other base metals in their mix like #Zinc #Lead #Copper also play a factor. Inside ownership is always nice, just like strong strategic investors, but it isn't necessary for outperformance in a market as small and thinly traded as the Silver miners. With #Developers it is really more a function of their IRR, NAV, and Payback period based on current and projected #Silver prices. With both #Producers and #Developers another key thing I consider is their #Exploration upside around their existing mines (to extend mine life), on satellite deposits that can feed their mill, and their pipeline of exploration properties. So many investors forget that Producers and Developers are STILL #Explorers too. They can be #drillplays just like greenfields explorers (and honestly they are more likely to have better drill results near their existing resources).
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@Excelsior 3 Primary #Silver #Producers in the United States $CDE Coeur Mining, $HL Hecla Mining and $USA $USAS Americas Silver are three of the largest primary silver producers in the United States. "The US was one of the world’s top silver producers in 2016, recording output of 1,100 MT. That’s slightly more than its 2015 total of 1,090 MT." http://investingnews.com/daily/resource-investing/precious-metals-investing/silver-investing/3-primary-silver-producers-in-the-united-states/?as=1&nameplate_category=Silver+Investing
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@Excelsior This #VIDEO is a very good Macro overview of the harsh realities of the #Uranium mining sector in this low price environment, and the ability of #Insitu #producers to operate at lower costs than hard rock miners. Most importantly, their foresight to put in longer term #offtake agreements, several years back, is what allowed Ur-Energy survive and thrive in this downturn. __________________________________________ Update with $URG $URE Ur-Energy Inc. October 2016 | Stock News Now "SNNLive caught up with Jeffrey Klenda, Executive Board Chairman and Co-Founder of Ur-Energy Inc.at the New Orleans Investment Conference 2016. https://www.youtube.com/watch?v=9ajgQ2uK5Zw+
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@MiningBookGuy @Excelsior - good point on Michael Belkin. I remember hearing he took advantage of St. Barbara, which was one of the spectacular early movers. To be more precise, I still think Joe & Brent are picking up on #Aussiestocks #explorers before any other newsletters...Belkin seems very focused on #producers, maybe some #developers. I don't know as much about him, but heard some of his chats on #KingWorldNews. *NOTE - see the St. Barbara $SBM.AX move here! 3 year-chart
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@Excelsior Yes, I'm bummed that #KingWorldNews has some captive agreement where Michael doesn't to do as many audio interviews anymore. He used to be a guest on the KER fairly regularly in 2014 and 2015, and then when he made the deal with KWN then he wasn't allowed to anymore for some reason. Yes, he was mostly focused on distressed #Producers and #Developers, so it is nice that Exploration Insights is looking at the #Explorers. I remember they were early on with the $CDV.AX story as a example. Cheers! @FundamentalAnalysis - a very good point about the currency exchange for the Aussie Dollar assisting with lower labor costs, and the rising Gold price that Australian companies sold their Gold for. $NST.AX had an epic move right along with $SBM.AX back then. (look at their 3 year chart as well)
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@Excelsior @MiningBookGuy - In response to your question earlier here's the daily tally. ________________________________________________________________________________________ You wrote: @MiningBookGuy - " $TGZ and $BTO the strongest performing mid-tiers on my list today, both just about 7%. Both mainly focused in #WestAfrica." "Did I miss any peers in other parts of the world that performed on par or better today?" - from #index, about 9 hours ago https://ceo.ca/index?cc0da3cc3f7e _______________________________________________________________________________________ Symbol #Gold #Mid-Tier #Producers %Gain $DPM Dundee Precious Metals Inc. +12.34% $PPP Primero Mining Corp. +8.78% $BTG B2Gold Corp. +7.49% $TGZ Teranga Gold Corporation +7.29% $SLR Silver Lake Resources Limited +5.81% $KLDX Klondex Mines Ltd. +4.64% $MUX McEwen Mining Inc. +4.04% $OGC OceanaGold Corporation +3.97% $RMS Ramelius Resources Limited +3.85% $MND Mandalay Resources Corporation +3.77% $PRU Perseus Mining Limited +3.57% $EDV Endeavour Mining Corporation +3.50% $PAF Pan African Resources PLC +3.45% $ASR Alacer Gold Corp. +3.45% $SAR Saracen Mineral Holdings Limited +3.21% $HGM.L Highland Gold Mining Limited +3.25% $IAG IAMGOLD Corporation +3.19% $DGC Detour Gold Corporation +3.03% $CGG China Gold International Resources Corp. Ltd. +2.97% $AR Argonaut Gold Inc. +2.96% $RIC Richmont Mines Inc. +2.92% $EVN.AX Evolution Mining Limited +2.85% $SBM.AX ST Barbara Ltd. +2.34% $ACA.L Acacia Mining plc +2.42% $GUY Guyana Goldfields Inc. +2.37% $ORV Orvana Minerals Corp. +2.27% $BDR.AX Beadell Resources Limited +2.22% $AKG Asanko Gold Inc. +2.09% $CG Centerra Gold Inc. +2.08% $GCM Gran Colombia Gold Corp. +2.07% $NST.AX Northern Star Resources Limited +2.09% $EGO Eldorado Gold Corporation +1.94% $DRM.AX Doray Minerals Limited +1.61% $TXG Torex Gold Resources Inc +1.48% $DRD DRDGOLD Limited +1.33% $KCN.AX Kingsgate Consolidated Limited +1.03% $AGI Alamos Gold Inc. +0.94% $RSG.AX Resolute Mining Limited +0.84% $CEE Centamin Plc +0.36% $RRL.AX Regis Resources Limited +0.15%
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@MiningBookGuy @Excelsior RE: https://ceo.ca/index?02522aa77e53 - thanks for compiling this! i think i will create a new 'mid-tier' watchlist with these exact companies :) #Gold #Mid-Tier #Producers #WatchList
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@Excelsior @MiningBookGuy - Thanks, but I'll PM you the full list. Those were just the #Gold #Mid-Tier #producers (that had a positive day yesterday). Personally I don't sort my lists by Market Cap, as those move around too often to be reliable ways to group Producers. Instead I sort my lists on their actual annual production guidance. Majors (producing over 1 Million ounces), Mid-Tier (producing between 100,000 - 1 million ounces), and Small Producers (less than 100,000 ounces per year).
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@MiningBookGuy Just skimmed through a recent $ELD Eldorado powerpoint: http://s2.q4cdn.com/536453762/files/doc_presentations/2017/may/Eldorado-Gold-Investor-Update-(May-2017).pdf Not a hint that they had interest in #Canada, they've been 100% focused in #Tethyan #TethyanBelt, with all projects and commentary in the powerpoint. Did anyone have any idea they wanted to get into #Cananda with $ICG (or just any junior that would give them a footprint in the country)? It seems to be another strong data point that so many of the #producers want to stick closer to home right now (perhaps based on expectations from investors, as much as actual operational riskiness). My general impression is that #NorthAmerican & #LatinAmerica / #SouthAmerica are generally considered 'safe' by investors compared to all other regions in the world.
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@Excelsior Two ways to beat the odds with mining investing The #Gold Report | about 20 hours ago (Life Cycle of a #Junior Mining company w/ Louis James) http://www.mining.com/web/two-ways-beat-odds-mining-investing/ _______________________________________________________________________ Even though Louis is late to realize the value in #Development stage companies as they make their run moving into #Production, I’m glad he has been pushing this theme often lately in his interviews. This part of the mining cycle has been clear for a long time to many of us that position ourselves in the #Developers, and it is refreshing to hear the research he is doing validating what we've already experienced time and time again. Most discussion on the miners is consumed with either the largest #producers or the firecracker #Explorers, but the #Developers offer a unique opportunity for investors. #mbgtrends
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@Excelsior $EXN $EXLLF Excellon Resources #CorporatePresentation May 2017 http://www.excellonresources.com/_resources/presentation/corporate-presentation.pdf ____________________________________________________________________ A very impressive 118% IRR (see page 19). It seemed prudent to trim back the allocation a little on today’s surge, but I’ll buy that portion right back if we get some more weakness this summer. Their dewatering project is almost complete now, and they’ll be accessing the higher grade parts of the deposit. The market is just waking up to the fact that they’ll be transitioning away from the old lower grade stockpiles they have been processing the last 2 years, and finally getting to the juicier parts of their deposit. They rode out the bear market well and saved their high-grade assets for the next 3-5 years (into a rising #PreciousMetals market). Very well executed, and they are continuing to explore to extend their mine life. This has been the market’s trepidation and their "wart," but they are on trend with many large deposits in #Mexico. Excellon is one of the highest grade #Silver #producers in Mexico, and with the deposit still open in many directions, there is more to be found. I anticipate their 2017 #drilling program as much as I anticipate their #production profile improving.
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@Excelsior @EvenPrime - Thanks for calling me out amongst all the names in the contest amigo. I guess I am the caboose bringing up the rear. #embarrassing 1) As for $TGZ Teranga gold, it got snared up in the $GDXJ sell down (that was not foreseen on Dec 30th, 2016), but I still see it as one of the better and safer growth stories in the Mid-Tier #producers. With their reverse split behind them and an interesting development project in the works with the asset they acquired off Gryphon Minerals, I'm very constructive on their future. 2) $IPT Impact Silver is a smaller #Silver producer that is highly leveraged to the upside and downside (it's got some torque... that's for sure). With most of the Silver miners selling off, it has out-performed...to the downside. Maybe that isn't safe, but I still feel it could double by year end). I'm not concerned at all about it and it remains one of my favorite Silver stocks (and I hold 13 at present). Keep in mind the real fireworks aren't until later in the year Aug-Oct seasonally, so it is a bit premature to take swipes in the summer weakness until we get into the bullish part of the 2nd half of the year. 3) As for $UUUU Energy Fuels, it is the 2nd largest US producer with 3 active production sites and one of the largest 43-101 resource reserves in the US, so I still see it as a "safe" #Uranium stock (if there is such a thing -- lol). With Uranium prices back down sub-$20 it isn't doing their share price any favors, but this too shall pass. As far as Uranium stocks Energy Fuels will be one that weathers the storm, so again I'm not worried about it, but I was more bullish on the recovery in Uranium than I should have been. * People that picked #Zinc miners or smaller #PreciousMetals #Explorers have fared much better as an observation, but the year isn't over yet either ya rascal. :-) #SafestStockPickingContest
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@Excelsior Hi @FundamentalAnalysis - Sorry for the delayed response on $TGZ, but I've been in meetings all day and just got time to check in on market news and how the ceo.ca crew was doing. Sabodala is Teranga's main producing asset & plant in #Senegal, and it is projected to be a long-life low cost mine for the company. They have exploration upside around this mine at their Niakafiri, Goumbati West and Golouma North targets, and about 25 km away the Marougou & Doughnut deposits that show potential and were drilled in years past. Many of their projections show the Sabodala complex continuing to produce for 10+ years out, so there remains all that upside into an appreciating Gold price in coming years. Up until about a year ago, that was the value proposition for $TGZ, and I owned some shares back in 2016, {prior to the their #acquisition of Gryphon Minerals}, because Teranga was a well run company and I believed it was undervalued compared to peers. Even today it is only about 1/3 of the NPV and EV of many similar sized peers doing 200,000 ounces per year. In #WestAfrica I had watched the #takeover of True Gold by $EDV Endeavour, and Amara by $PRU Perseus, and I had a position in Gryphon Minerals because I projected they'd be the next good #takeout candidate. Last year when the news broke of their merger I was thrilled with the business combination, but the timing stunk (carried out from Aug-October of last year as the #Gold #producers cratered in price.... so nobody cared). Most gold mid-tiers producers have been stuck in the downward momentum since last summer, and the market never re-rated Teranga for picking up a huge pipeline of projects from their #Takeover of Gryphon's asset base. Their flagship project was the advanced Banfora along with exploration projects at Golden Hill & Gourma and a few assets peppered around #CotedIvoire. Teranga plans to finish their Banfora #FeasibilityStudy this year and make their construction decision after that for build out of the open pit in 2018, and production in 2019. You asked about #Exploration upside at Banfora, and here is the company's position on it (mostly focused on Kafina West and Hillside). "There is potential to add reserves at depth and along strike in each of the deposits, and through a number of exploration targets located on the highly prospective land package, each of which is within trucking distance of the proposed mill. Numerous district targets have been advanced by Gryphon’s exploration group in the extensive land package." In addition, there is upside in Gourma with proximity to Semafo in #BurkinaFaso, and Golden Hill's proximity to $ROG Roxgold and $EDV Endeavour Mining in Burkina. It actually wasn't until @MiningBookGuy did his $SWA video that I really grasped the scope and potential of the #SouthHounde belt, but that has only piqued my interest even more in Golden Hill (and that is likely why they have $4 million slated for exploration for the targets Ma and Nahiri at Golden Hill -- the same amount of $$ slated for exploration at Banfora). As for the #CotedIvoire assets, I'm interested to see how things go on future exploration of that land package, and they have $500K slated for exploration there this year, and $500K for #drilling at Gourma. This $TGZ response is getting really long, so I'll leave it at that for now...... _________________________________________________________ ~AUfrica #mbgtrends $TGZ $TGCDF Teranga Gold #CorporatePresentation: http://s1.q4cdn.com/851853033/files/doc_presentations/2017/05-10-2017-121-London-1x1-Slides-Final.pdf
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@Excelsior @FundamentalAnalysis and @Onlyflaws - This cat has 9 lives, and likes to get frisky. If it is just a "dead-cat bounce," and it dies again (one more time) in the Summer Doldrums, then watch out... it is #Franken-Cat and will rise to life once again on a ~lightning bolt. (hahaha!) $AR $ARNGF is one of the more highly levered #Gold #producers, at "rock-bottom" prices, so when it finally decides to spring, then I expect it to move up with some torque and double by this time next year. From there..... Meow..... #mbgtrends
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@MiningBookGuy good cross-over with ~AUfrica, here's my first public watchlist: @miningbookguy:african-gold-growth will be making more of these soon! #Africa #gold #producers
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@Excelsior Yes - $ASO now instead of $AUE. I get it now that it is only on #Producers in #Africa. Yes, everyone interested in this list should make their way over to ~AUfrica. Thanks!
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@MiningBookGuy REPOST FOR @miningbookguy:Mali https://ceo.ca/mali?bf78563cae52 #2 #Mali - *Note - I may have made mistakes here. #DYODD @FundamentalAnalysis - so you didn’t ask about specific companies. But it fits my agenda of promoting $DAU right now. And @Excelsior posted a few good ones already. I think it’s worth quickly exploring the landscape. I’m finding a lot of positive momentum in #Mali #gold right now. Some reasons and a company list to follow: I think comparing #Mali to #BurkinaFaso as #gold focused jurisdictions in #WestAfrica is a great starting point. They are both ‘maturing’ (with #Mali more mature than #BurkinaFaso). They both depend heavily on #gold. They arguably have the 2 best #gold mines anywhere in the world in #development right now (these are #Fekola for $BTO in #Mali, and #Natougou for $SMF in #BurkinaFaso). I say they are the ‘best’ when you combine how high-margin they are expected to be, with size. But this point is key - #Mali is a land of elephants, and #BurkinaFaso not as much. #Natougou is going to be one of the larger Burkina mines looking at ~200k oz/year production. #Fekola is already quite big at ~350k oz/year expected production…but it already seems like this can increase, AND there are plenty of mines already around this level (or at least closer to this than most of what we find in Burkina). I think the Senegal Mali Fault Zone ( #SMFZ ) is key. So many huge mines there…including #Fekola which is the newest. I really like #BurkinaFaso as a jurisdiction. But there is no trend in Burkina that rivals the #SMFZ in #Mali. Also keep in mind this is as far away as you can get from any possible #Mali terrorist activities…in #BurkinaFaso, i put mines in the ‘northern’ part of the country at generally higher risk than those in the South (though to be fair I don’t think #Essakane for #IMG has had any problems despite bordering #Niger) Anyway, LOTS of interesting comparison. But I will keep hitting home that #SMFZ is special, and I’m going to briefly go through a company list taking note of this (*Note - this might not be an exhaustive list. but it’s a great start for looking at #Mali #gold companies #newbies ): #Producers $BTO - IMO, #Fekola best #development project in the world for this diversified mid-tier. This WILL bring more attention to #Mali as it approaches production. on #SMFZ $RRS.L #Randgold - #Mali is their bread-and-butter, where it all started. If there’s one company to research the history of for #Mali historical success, it’s $RRS.L. Some great mines on #SMFZ #AngloGold Ashanti - a big one, a project with $IMG on #SMFZ $IMG Iamgold - not only a project with #Anglogold. But they just fully acquired $MXI, possibly creating a new disctrict combined with their #Senegal #Boto project on the Senegal side of #SMFZ. this is all near #Fekola, which is interesting $ACA.L - they have just entered #Mali recently for early-exploration, on #SMFZ! Important to show that large developers like $ACA.L and $IMG still looking early-stage $EDV - Tabakoto/Segala production close to $RRS.L on #SMFZ #RSG.AX - huge #Syama mine NOT on #SMFZ, showing there’s a lot of potential in other parts of #Mali as well ( $RRS.L also has #Morila which is near the end of its life in a different part of the country) #Developers These are standalone #developers. It’s exciting that 2 of them are gaining a lot of positive momentum *Note - none of these are on #SMFZ, that i’m aware of $HUM.L - #Yanfolila project. I questioned this one for a while after some hiccups. LOTS of positive momentum right now, gaining attention. $AVK - this is ready to be developed or acquired. Not sure what the hold up is. But also positive stuff going on…we’ll see what happens next! $AGG - smaller project. Not sure what’s going on. but could be built soon $BGS.AX - the development project is lithium. Has gotten a lot of hype, so it’s worth noting. They have an earlier stage #gold project near #Morila. i think at least one more? can’t remember right now. but there’s significant activity with these. #Explorers $MXI - worth noting again since it was just acquired by $IMG, with project on #SMFZ $AGZ - they are earning-into $ALO.L property on #SMFZ. Seems prospective. But I would like them better if it was the other way around. $ALO.L - definitely some interesting properties on #SMFZ. But their focus is in #Zambia. Not helping that it’s AIM listed. $LGN - this one looked interesting to me for a while…but seems like a #zombie right now…maybe will come to life again $GBE - this is a new one, could be interesting. But I think $BGS.AX used to own their properties (this is all around #Morila). I don’t trust the prospectivity yet. $KOD.L - i consider this a shady little company (i owned the prior ASX one). it does lithium and gold. definitely worth following and it’s made some people a lot of money. but watch out, and listed on AIM $OKU.AX - i really like what these guys are doing! i think it’s the best potential #Mali #gold #exploration right now. Problem? too expensive for me, just too much of a premium for the the last 1-2 years. And of course to end… $DAU. i have given many reasons I really like it, especially at current valuation. But very key to all of this is 2 properties really well situated on/near #SMFZ. I don’t think any of these other explorers are looking to get 3 JVs soon and are so well situated ( $OKU.AX the closest, but drilling on their own). Anyway, there’s LOTS of activity going on n #Mali! I could have easily missed some companies, but this is a good way to start. Happy Hunting! #DYODD
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@Excelsior #Gold Stocks To Provide Leverage Once Again Jun 16, 2017 #VIDEO #GwenPreston discusses when she expects to see gold stocks providing leverage once again. https://www.youtube.com/watch?v=hEcWy7Vmq7M+#FrankHolmes: A Tsunami of Selling in #Gold Miners Is About to End #PalisadeRadio - Jun 13, 2017 #AudioInterview “Frank discusses how the $GDXJ became just a buying index with no separation of value and little understanding of who was doing well fundamentally. The re-balancing has created a large uncertainty with five billion dollars initially moving into the space and now three billion dollars leaving it. This will affect many of the small and mid cap #producers ...” https://www.youtube.com/watch?v=PVAReYqPqLk&t=5s+  Evaluating #Juniors and Top Picks - Sid Rajeev Cambridge House - Jun 13, 2017 #VIDEO gets good about 3 mins in. https://www.youtube.com/watch?v=3Mh0nmN8gNc+  Next ~bubble in #Gold stocks Jun 13, 2017 #mbgtrends Good #AudioInterview with @TheNextBigRush @Jayfire @MiningBookGuy https://www.youtube.com/watch?v=7Bl5BQIS5ik+
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@Excelsior @FundamentalAnalysis and @barracuda - The sad truth is that nobody knows exactly what will happen with the Uranium pricing. David Cates is one of the most connected and active members of the #Uranium community; not just with $DNN $DML but as a consultant to $U and involved stakeholder with $GXU and $SYH. I wouldn't extrapolate out your experience with that $FCU rep and apply it to all Uranium executives. I've heard David mention secondary supplies and underfeeding for the last few years in interviews, so he is quite aware of the situation. > David Cates: Welcome to The Uranium Supercycle BY COLLIN KETTELL ON FEBRUARY 22, 2017 http://palisaderadio.com/david-cates-welcome-to-the-uranium-supercycle/ The guys at $DNN Denison have been entrenched in the Uranium space for decades, were past #producers, sold $UUUU $EFR Energy Fuels their active White Mesa Mill, are involved with toll milling $CCJ $CCO Cameco's ore with $ARVCF Areva in a JV at the Athabasca mill, and have an environmental mitigation division. They understand the business from front-end #exploration and #development to back end clean up, and are quite aware of the competitive landscape. If you simply look at the Denison website they have multiple pages of macro info on the #Uranium sector and they address both primary and secondary supply sources. That doesn't mean anyone knows where the Uranium price will be in 6-12 months. http://www.denisonmines.com/s/Primary_Uranium_Supply.asp http://www.denisonmines.com/s/Secondary_Uranium_Supply.asp http://www.denisonmines.com/s/Uranium_Prices.asp http://www.denisonmines.com/s/Competition.asp Many of the company management teams do err on being overly bullish on the demand side improving and longer term off-take agreements starting up sooner than it has played out. Mining companies are mostly eternal optimists. The truth is that while "the cure for low prices is low prices" there is not a time qualifier on that statement, and it make take many more years than some are expecting to play out. #Index #mbgtrends
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@Excelsior @Rulingmining - Agreed. This is announcement is not really a big change in anything. Toro has been working on theirs for some time and they are getting much closer, and have a nice development-stage project in the works. The two assets that Cameco have there are quite large projects, but they may take a while to get developed. You are correct that only the best of the best, will get developed, or the smaller ISR projects with good economics. There are also a number of projects from the last cycle sitting idle ready to come online that a number of #Producers and #Developers hold, and if the prices start to rise their supply will come to market first, before most new exploration projects get developed. Some of the #Explorers may get scooped up for future pipeline though.
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from #uranium,