Brent Cook discusses junior mining companies.
Click download link to listen on this device: Download Show
Sorry for the late postings. Kathy and I had to visit her doctor in Seattle and then
we are off to Chicago for the Chicago Hard Asset Conference. Hope to see you there either Friday or Saturday!
NGM is probably one of those valuable companies, along with PEM and GBB. What do you think BIG AL? NGM has certainly increased in value lately, especially with Greg Gibson as new CEO.
Hi Dan, did you catch what Brent Cook say’s at the beginning of the interview, he talks about Quinton I don’t know whether you know who Quinton is but he is known as Dr. Q and he is referring to Quinton Hennigh one of the most sought after geologists in the mining sector more so than Brent himself.
Most of the prominent newsletter writers follow this guy, he has a reputation second to none and is very low key. Some of the companies he works for because he is a multi tasker are GCU, EOX, NVO, and EVG. So I would expect one or more of the 6 companies Brett mentions are in his stable. Mostly I like GCU because they are located in the Red Lale district of Ontario. he advises many other geoligists on drill locations. I can’t say enough about his reputation but Bob M is fully versed on this guy. Believe it or not? DT
If you aren’t familiar with Dr. Q and you are invested in the junior gold resource sector, you need to check this person out because it’s like they say people, places, and projects, in that order. Say no more a wink is as good as a nod and that ain’t no BLARNEY! I’m surprised that Al didn’t ask Brent who Quinton was in that interview, I guess he may have thought everyone just knew but most still don’t know, yet!
Hi Machine Gun,
I believe that he is now working with Brent.
Big Al
Also Big Al, speaking of PEM, it was down today half a cent on heavy volume. Do you think there is anything to be concerned about? According to Del, there will be drilling this year. Has anything changed? Is the fire south of the property affecting the start of drilling?
The Crooked River Road # 233 has been closed at the junction of Highway 14 (Sec25, T29N, R7E) by order of the Idaho County Sheriff’s Department.
The fire moved slowly into the bottom of the east Fork of the Crooked River as it continued its advance toward the community of Orogrande.
The “year of the junior” has been predicted several times in the last several years. 1 in 1000 seems more doable to me. It’s all about financing, who will get the money with as little dilution as possible?
Yes, it certainly is Bobby!
Big Al
Still doesn’t answer the question, are they still able to drill or not? PEM that is.
Crooked River Road #233 is the path that would be taken by the drill rigs to the private property to start in-fill drilling. The road was closed the early part of September when the financial situation was still in question. Pem will drill when the road is opened and cleared for the machinery, something to remember is that they did drilling a couple years ago after the US Thanksgiving so be PATIENT and pray for the safety of everyone involved in this disaster. There are over 500 personnel working on just the Mcquire fire and there are much larger fires currently burning in the state of Idaho.
It is my understanding, Dan, that they will be drilling.
Big Al
I must say the PEM update on the new corp presentation has aggressive drill programs stating with Q3 12 well into Q1 13. Its seems that the company may have reached a deal for funding these programs to have updated the corp presentation will drilling time lines.
I suspect OSK is going to fund it.
James
I will be talking with Del sooner rather than later.
Big Al
Great Al we could use the PEM update.
BTW Newstrike is a rocket.
James
Here is the link to the updates on the fire situation in the US, Mcguire is the name of the fire and is always updated each morning and some times twice a day. Map is updated once a day, you can check closures, photos and other facts…..
http://www.inciweb.org
I had a chance to listen to Lindsey Williams on goldseek today. He reveals some new information that was very interesting to me regarding fractional lending and how the elite will use this. Someone mentioned that his DVD’s and CD’s can be obtained for free, that i cannot find.
The FED’s Fisher comes out and says inflation a risk with QE3. As on queue Lockhart comes out shortly after and says risks of inflation from QE3 remote. Interesting how supposedly two intelligent people could arrive at opposite conclusions given the same data. Unless of course it is all smoke and mirrors to keep everyone twisting in the wind. The attack on gold continues but on every dip buyers step in. Don’t wait to buy gold, buy gold and wait!
I do agree, The Greater, I really do!
Big Al
Last Sept 20th the PM London gold fix was 1758.50, now today 6 May 2013 it is 1469.25, down about 16.5%.
The lowest London Fix this year so far, on 16 April was at $1378, down nearly 22% from last 20th Sept.
Waiting and then buying would have been wiser
Bobby;
The reverend Williams is not an economist. For example, he mistook China’s statement to relax the Renminbi-Dollar exchange rate from a 0.5% to a 1.0% allowable variation as a doubling of the actual exchange rate instead of a variation of the constancy. He, thus, deduced that the US would experience inflation caused by a doubling of chinese goods prices – clearly a false conclusion.
James;
Inflation or no inflation from QE3? There result is not easy to determine directly, because it depends on ancilliary factors. i.e. most importantly, the RELATIVE increase in money supply in dollars compared with all the other countries that are printing and the relative increase in goods produced in the US compared with the rest of the world.
If all countries print money at a roughly similar rate, as appears to be the current situation, then all money will lose purchasing power and inflation will occur worldwide. – a kind of world-wide Weimar situation, because of ever increasing debt and hence money printing.
on the other hand if the US were to print less money proportionately than the rest of the world, it would appear to be deflationary.
Similar effects occur depending on the relative increase in goods “produced” as a result of the money printing. i.e. it all depends on second order effects and the assumptions one makes on interactivity.
Great and astute comment, cfs!
Big Al
I find lindsay williams takes forever to say anything. The dvd will probobly have 1 dvd of info and that info you may already know. He gave an interesting thought tho about the fed owning everything, and the banks buying treasuries. It is kinda neat how they will buy everything useing 0 money and getting the people they buy if from to pay for it. As he said, it should be treason, nobody will care enough to do anything about it.
what I really love is Romney exposeing himself for what he is, yet again, only this time people actually take notice. lol Now people will vote for the guy that likes the ndaa and federal reserve (the people about to rape them and their children silly.) Same as it was in the 30s and 40s, people refuse to think.
Even after a fedearl judge shot the ndaa down on a constitutional bases and obama comes out and says “that judge dont count”, so, we still have ndaa.
Lindsay Williams is right, it is all planned and nobody is going to do a darn thing to stop it, as a matter of fact they will promote it with their votes for obama and his opponent. Well, guess we better do what he says, buy gold/silver and hard assets and hope its not taken away before we get a chance to party a little. People have got to be the most stupid creatures ever created, like Einstien said “we crack the atom and make bombs”
Yeh, we crack the atom and make bombs! That is great, my friend.
Big Al
Be careful….there are no medical problems doctors can’t make worse.