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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.
wannabeinvestor$HER$HRR.AX hitting the milestones needed to take Woodlawn into production yet Aussies keep dumping the stock. One of the few new Zn mines going into production near-term. Why the selling? Uncertainty re project financing, is that it? #zinc
@ocotilloredux@MartinTurenne I think if you read that story correctly, they will be merely dressing the place up for a sale. I don't see a mill restart, I see underground exploration to put resources into a reserve column. Nyrstar obviously does not want to get hit with the reclamation bill associated with 40 years of mining in a Provincial Park. But if BC has their act together, anyone buying the asset must post a reclamation bond first, which is one reason it has likely gone untouched to date. Who ever buys it would make a good stock to short. ;)
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@PamplonaTrader@TheGalvanizer thanks for linking the presentation. Lots of great info.
* Already scoped out 12-15Mt at Pegmont. Mgmt team is on the ball and appears to have a conceptual mine plan in place.
* Just $3-$5m in drilling to get to 15Mt target. The company is fully funded. I would estimate another 7,000-10,000m of drilling.
* Extrapolating from the above, I am pretty confident the resource update will show roughly 10Mt of sulphides (13Mt+ including transitional ore).
* Hopes to demonstrate, through regional exploration, that global resource could grow to 20-30Mt. This is very significant and South32 had better take notice.
* On copper zone discovery: "Like when Jed missed the possum and hit the oil." Company comparing the copper zone to early discovery at Osborne, for which Peter Voulgaris was involved.
@teevee@ocotilloredux, Neves Corvo initially famous for its high tin content. Because of tin content, it went to Noranda's smelter, now operated as an income fund. Intersting the Lundin news release made no mention of tin. Perhaps there is little to no tin in the new deep zone? $zinc
@Excelsior@MiningBookGuy Yes. Absolutely. Many Canadian investors have turned a blind eye to the #Yukon for years due to it's lack of infrastructure (but that has been imporving). Only in the last year with the $KAM takeover by $G did people really start following the area again. (with the exception of our buddy @JamesKwantes, who does a kick-ass job of covering the #Yukon).
Suddenly after that Kaminak deal, then Kitco was covering the Yukon, and they were sponsoring videos and mining with Yukon days, etc... The Northern Miner has really kicked up their coverage as well. If $AXU$AXR had the grade they had from the Bermingham and Moth & Flame deposits, and were about to restart #Silver#Zinc#Lead#production in #Mexico, then Alexco would be trading waaay above where it is now. It hasn't gotten the respect it deserves for years (mostly due to nervous nellies on the $SLW stream, which has been resolved now). Investors don't pay up for the #Yukon.... (yet).
As for #Colombia, many still won't touch it, and the recent mining ban in El Salvador has spilled over into some communities in Columbia where they just blocked a major mine from $AU $ AngloGold Ashanti. This has had some investors on edge....
VILLAGERS VOTE TO BAN ‘LA COLOSA’ GOLD MINING PROJECT IN #COLOMBIA
27 March 2017 / Bram Ebus
"Residents of Cajamarca in central Colombia made a nearly unanimous decision in a popular vote on March 26 to block a massive gold mine, dubbed La Colosa, one of the largest in the world."
.....(the open-pit mine is a project of world’s third largest gold producer, AngloGold Ashanti.)
$CNL (prior to $NEM's investment recently was getting hammered due to this). $R has been getting hammered and if their mine and new production was in BC or Saskatchewan or Ontario, then the Canucks would have already bid it up 2-3 times where it is now as those areas get a premium.
@MiningBookGuy - I'm glad you brought up both jurisdictions for discussion and it is interesting. They remind me how #WestAfrica and #Brazil really still aren't getting the valuations of the "safe" jurisdictions of #Canada, the #US, and #Mexico. What is crazy is that in the case of the #Yukon is it's in Canada, but is like the red-headed step-child as far as the miners are concerned.
@0Kib$SVB's high grades zone: 1) A high grade measured and indicated "Zinc Zone" of 10.03 million tonnes at an average grade of 11% Zinc at a 6% cutoff for 2.426 billion pounds of zinc.
2) A high grade measured and indicated "Silver Zone" of 19 million tonnes at an average grade of 102.5 g/t at a 50g/t cutoff for 62.6 million ounces of silver.....$20m market cap. #Silver#Zinc
@PamplonaTrader$TK was drilling for silver oxide hosted in the Cretaceous sandstone unit. Now they've pivoted their focus to #zinc due to the commodity cycle and the discovery at Ayawilca. Limestone is replaced by #zinc.. again ~1km of limestone east of the fault at zone 3. See below, limestone units (coincident with Zn-in-soil and magnetic highs) are untested:
@Excelsior#Korelin Economics Report - Weekend Show - Sat 13 May, 2017
#GOLD and #COMMODITIES Pullback From US and International Drivers
"This week we started to see a turn around in the #PreciousMetals and commodities in general. On this week’s show we take a close look at why this pullback in commodities happened from both a domestic and international perspective."
"Over the past month money has been flowing out of #US equity ETFs and into #EU and #EM funds. This has not had a big impact on the US equity markets but by the end of the week we started to see a slow rollover. This helped provide a small pop for the metals from an oversold territory and looks to continue. The question is, how long and how high?"
>> Segment 1 & 2: In the first two segments I am joined by Dan Oliver, Founder of Myrmikan Capital. Dan is a great at recapping markets moves dating back hundreds of years for #metals and #commodities. In the first segment we discuss the current commodities pullback and compare the situation back in the late 1920s. In the second segment we look at the relationship between #inflation and monetary debasement.
> Segment 3: Chris Martenson joins me to dive into #China and discuss the deleveraging that is underway and the markets and economies that could be impacted by a China pullback.
> Segment 4: Fund Manager Dana Lyons take a look at international markets where we have seen large flows of money into #ETFs over the past month.
>> Segment 5 & 6: Jeff Christian, Managing Partner at CPM Group, joins me for the first two segments of the second hour. Both segments focus on #gold and #commodities but in the first segment we look at the factors in the #US driving commodities. In the second segment we look again at #China and #India in terms of gold demand.
> Segment 7: #BrentCook, Founder of Exploration Insights, shares his outlook on the $GDXJ rebalancing as well as a few #zinc companies they are following in his newsletter.
> Segment 8: A recap of the week in #US#equities and the #metals. We are seeing turn and bounce from oversold territory.
@MartinTurenneFrom TD today: "Last week’s LME Asia week offered a relatively upbeat assessment of the prospects for base metals over the next 12-months. The focus was on mine supply issues, forecast deficits, and the hopes that China’s growth slowdown would be countered by the much trumpeted “belt and road” initiative. This pan-regional programme aims to develop infrastructure across 60 countries with the aim of boosting growth based on sorely needed infrastructure investment spending." #copper#nickel#zinc
@BrandonHey everyone. #Zinc seminar in full swing now here in Krakow. I'm going to summarize here later and hopefully post some key slides that I found interesting. I'm one of two juniors here the other, not surprisingly, being Rathdowney.
@ocotilloreduxThanks @MartinTurenne The elimination of escalators and de-escalators is the best news zinc miners have had in a generation. It finally puts the miners and smelters on the same team. Both must profit from the consumer and not by stealing margin from each other.
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@TheGalvanizerMaybe his machine has one decent pump left in it. Maybe. But I wouldn't use it up on a zinc oxide project if it does. And the valuation they would be looking at with his minimum of $1.30 a share inside 12 months is absurd unless they are looking to leverage off the paper value to bring in a better asset. Still happy to provide thoughts and some of our engineering costs with a production situation from site visit and DD in 2013/14 if they are interested :) (side note: if the word oxide is not a tough word to use when discussing zinc assets then use it - company releases too!) #zinc~zinc$z
@MartinTurenneScotia: Cancelled warrants spike by 26.9kt in New Orleans this morning, which places “available #zinc metal” (reported inventory less cancelled warrants) at 170kt, its lowest point since October 2008
@ocotilloreduxYou guys know me well by now. I always like to entertain when life gets boring. Here is a document I actually wrote about 24 years ago with respect to McArthur River. This is a public document since it was part of our EIS submission but it gives you a taste of how the pizza is made. I have a couple more documents along these lines to post but will wait for you guys to get bored once again. http://docdro.id/d210IRA Shaft sinking through sandstone at McA. ~zinc#zinc This was part of the work I did for Rio's Roughrider Project in 2013 which is proprietary. But this document was not.
@wannabeinvestor@Rulingmining, yes, no doubt $IVN has some of THEE best assets on the planet. Kipushi's Zn is deep, though, but luckily it's an old mine with shafts in place. If my memory serves the challenge with Kipushi is the lack of a smelter nearby. although with grades that high you almost need no smelter...
@ExcelsiorHunt for #Zinc and #Uranium with #GwenPreston
GoldNewsletter - Published on May 16, 2017
"After the better part of a decade in mining journalism, Gwen Preston has gone out on her own to find the best natural-resource opportunities around the globe. Based in Canada and writing as the Resource Maven, her next trip is to Mongolia, and she delivers plenty of candy for investors to chew on."