How Long Can this Last?
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Will fundamentals eventually take over and will the result be weaker economic numbers?
Appreciate Cory’s comments about the different types of debt. The one thing we can’t ever forget though is that all debt is borrowing from the future, which goes back to the instant gratification concept.
Here’s a must read from Hemke: http://news.goldseek.com/GoldSeek/1469115369.php
Anybody thinking silver bottomed overnight?
It’s possible but not probable. My guess is that the low will hold for three to five days.
imo Gold on its way to 1504.00 and silver on its way to 24.25
I don’t doubt that at all. It’s just the short term low that I am not sure about. In other words, I do not think we’re putting a serious top here.
+1
Interesting thought……. Parker Bros. Monopoly!
As the game goes on and hotels are built, the game becomes extremely volatile and the outcome often depends on the luck of a roll of the dice.
CFS – That post made me think of this older documentary that is still very relevant:
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Monopoly Men (Federal Reserve Fraud) (1999)
The Federal Reserve, or the Fed as it is lovingly called, may be one of the most mysterious entities in modern American government.
Created during Wilson’s presidency to protect the economy in times of financial turmoil, its real business remains to be discovered. During the Wilson presidency, the U.S. government sanctions the creation of the Federal Reserve. Thought by many to be a government organization maintained to provide financial accountability in the event of a domestic depression, the actual business of the Fed is shrouded in secrecy.
Many Americans will be shocked to discover that the principle business of the Fed is to print money from nothing, lend it to the U.S. government and charge interest on these loans. Who keeps the interest? Good question. Find out as the connective tissue between this and other top-secret international organizations is explored and exposed.
It’s about a 40 minute documentary, but the VIDEO posted above is well worth the time to watch, even though it’s a bit dated.
I think we’ve been arguing that the stock market is not the economy, but thr bond market IS the economy. The lower interest rates go, the smaller the return on large cap investments. But if the stock market crashes, this does not necessarily imply the bond market will crah.
Congress was bought and paid to not regulate derivatives. We have the best Congress money can buy.
Exactly. Around the globe, derivatives and debt have gotten to unmanageable levels.How many dominoes away as it? Who knows. But it’s coming
Hi Doc, I’d like to hear your thoughts on how low OCANF will go this summer. I don’t want to miss it again.
Good suggestion Bonzo Barzini. I’d be curious to get Doc’s take as well.
Cheers!
It would also be nice to get Rick Ackerman’s technical analysis on OceanaGold as you have suggested in the past.
Thanks, Excelsior. I’m also interested in TAHO.
You have a solid list of companies you follow Bonzo Barzini. Many of them are much larger than what I typically invest in, so with TAHO I watch it, but don’t follow it closely.
I’ve noted previously in composite charts that it didn’t perform with as much torque to the upside as the smaller Silver companies, but it likewise won’t pull back as hard to the downside.
It is a very solid company, and pays a dividend, (which is always nice). It will be interesting to see how Tahoe Resouces gets re-rated now that merger with Lake Shore Gold is under their belt and they’ll have more gold in the mix than previously. I did invest in Lake Shore Gold in the past, and think they did very well acquiring them near the bottom of this cycle.
I got some TAHO in the LSG takeover and would like to get more.
Bonzo, Oceana is one stock I haven’t sold. Every time it dips I buy some more —I’m looking at adding at about 3.50-3.70. Hopefully we get there.
3.50-3.70 on the Toronto exchange.
Thanks, Doc.
Gold juniors still see buying.
http://stockcharts.com/h-sc/ui?s=Gdxj%3AGDX
I would like to see a discussion of prospect generators.
We’ve all seen the typical shape of a mining stock versus time; often used by Robert Friedland. It looks slightly like an S backwards in its side, indicating an initial rise during the discovery phase, then a drop while money is being raised for mine construction and then a final rise once it produces.
Assuming a constant bull market, during the whole period, of course.
Thus the optimum times to invest are during discovery and production.
By choosing prospect generators, hopefully, one minimizes a failure of a one-horse pony show.
Some prospect generators are well known.
Some, while having good teams, are barely out of hibernation after the peak in gold in 2011 and the long decline.
We had a few different conversations about Prospect Generators on the weekend show. Matthew and I had discusses Typhoon, Eros Resources (Gold/Silver/Uranium) and UEX for Uranium.
I did post a list and article that I’ll repost here for quick reference. For all the other discussions check out about 1/3 down on last weekend’s show:
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— > On July 16, 2016 at 3:12 pm,
Excelsior says:
Here’s a list of Prospect Generator companies that investors may want to look into that form JVs with other companies, and get partial earn-ins or Net Smelter Royalties on a project that makes it into production. They also invest in other exploration or production companies with some of their assets. A very interesting space in the exploration and development part of mining stocks.
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Prospect Generator Mining Companies Symbol
ABITIBI ROYALTIES INC ATBYF
ALMADEX MINERALS LTD AXDDF
ALTIUS MINERALS CORPORATION ATUSF
ARENA MINERALS AMRZF
AURICO METALS INC ARCTF
AURION RESOURCES LTD AIRRF
AVRUPA MINERALS LTD AVPMF
COLOMBIAN MINES CORPORATION CMBPF
EAGLE PLAINS RESOURCES LTD EGPLF
EROS RESOURCES CORPORATION BPUZF
EURASIAN MINERALS INC EMXX
EVRIM RESOURCES CORP EMRRF
FIRST MINING FINANCE CORP FFMGF
GLOBEX MINING ENTERPRISES INC GLBXF
IDAHO NORTH RESOURCES CORP IDAH
LARA EXPLORATION LTD LRAXF
MIDLAND EXPLORATION INC MIDLF
MIRANDA GOLD CORP MRDDF
OSISKO MINING INCORPORATED OBNNF
RENAISSANCE GOLD INC RNSGF
REVELO RESOURCES CORP INCKF
RIVERSIDE RESOURCES INC RVSDF
STRATEGIC METALS LTD SMDZF
TRANSITION METALS CORP (NEW) TNTMF
TYPHOON EXPLORATION INC TYPFF
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— > On July 16, 2016 at 3:15 pm,
Excelsior says:
The Silent Rise of the Prospect Generator Method
Global Mining Observer – Issue 143, October 2015
http://www.globalminingobserver.com/silent-rise-prospect-generator-model-143/
I like a number of companies on that list above and have been starting to build positions in a number of them, and will continue to do so. Some of them have active royalties (which is a huge plus), some have mines about to go into production that will equate to new Net Smelter Royalty streams, and some dabble in base metals, and other commodities.
There are some interesting JV ideas and strategic investments some of these companies have made that are worth reviewing for anyone interested in this business model.
For anyone new to the Prospect Generator model look into Altius Minerals, Abitibi Royalties, Aurico Metals, Strategic Metals, Eurasian Minerals, Globex Mining, Millrock Resources (I’m not sure why they weren’t on that list above), and are Aurico Metals first. Osisiko is well know for their Gold Royalty company, but they spun out Oban mining and just changed that companies name to Osisko Mining recently due to it’s recognition in the marketplace. Also, due to Keith Neumeyer’s past successes First Mining Finance is one that has generated a great deal of enthusiasm in the marketplace.
CFS – Hope that helps get a few ideas percolating in the Prospect Generator space.
Strategic and Millrock are the two best
Hey Brian – Yes they are both well positioned Prospect Generators.
I like Altius Minerals, Abitibi Royalties, Eurasian Minerals, Transistion Metals, Typhoon Exploration, and Aurico Metals as well. Matthew and further research has got me considering Globex Mining as well.
Hope all is well and your investments continue to prosper.
I forgot I also have a small position in Eros Resources that I’ll likely be adding to, because they have exposure to both exploration and JV Gold/Silver/Base metals (as well as a nice position in Skeena Resources) and a number of prospective Uranium properties with JV partnerships.
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Eros Converts Skeena Loan to Shares
April 19, 2016 – NR: 16-01
Eros Resources Corp. (“Eros”) (TSX.V: ERC) has informed Skeena Resources Limited, subject to TSX Venture Exchange approval, that it will convert its $1.5 million loan into 25,000,000 Skeena common shares at a deemed price of $0.06 per share. In June of 2015, Eros originally earned an interest in the Spectrum property for a $1.5 million demand loan to be applied towards eligible exploration expenditures. The loan was convertible into Skeena shares at Eros’ option. (See Skeena news release dated June 2, 2015.)
About Eros
Eros Resources Corp. is a well-financed Canadian public company focused on the exploration and development of mineral deposits in North America.
I also own Eros Resources under the OTC version (BPUZF), because I held Anthem Resources and when Boss Power acquired Anthem Resources last year, then I let all my shares get transferred over into the new entity Eros Resources.
Boss finally won a long standing legal dispute and with that cash influx bought out Anthem, who had a really great asset but no money to move that project forward.
It has been sitting dead in the water most of the year but has started to move again recently.
Here is another news release that Eros Resources put out a few months back that got my attention:
Eros Reports on Winter Drill Program at Murphy Lake, Saskatchewan
April 21, 2016
Lastly – Eros couldn’t ask for a better JV partner than Denison.
Murphy Lake is a joint venture between Denison, the operator (68.8% interest) and Eros Resources Corp. (31.2% interest). The property is located approximately 30 kilometres from the McClean Lake mill in the northern area of the Athabasca Basin. The Athabasca Basin is generally regarded as a premiere uranium district, well known for hosting the highest grade uranium deposits in the world.
Eurasian Minerals Corporate Presentation:
[check out pages 6, 7, 9, 10]
http://www.eurasianminerals.com/i/pdf/presentation.pdf
One other thing that impresses me with Eurasian Minerals, besides their diversification in different commodities and jurisdictions, is their JV Partners:
– Newmont
– Rio Tinto
– Freeport-McMoran
– Desert Star
– Arizona Mining
– Ely Gold
– Black Sea Copper & Gold
– Pasinex
– Dedeman Madencilik
– Land & Mineral
– North Queensland Mining
* and there is buzz about a new potential deal with BHP
They also have royalties on the Reservoir Minerals (now merged with NevSun).
– 0 Warrants
– No debt
– Multiple royalty streams coming online over the next 2 years….
I could see this stock trading at a 3x – 5x multiple from where it is at currently by 2018.
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Eurasian Minerals – We Are A ROYALTY Generator!
Published on May 26, 2016
Proven & Probable’s, Maurice Jackson has an exclusive interview with Eurasian Minerals, President, Director, and CEO, David Cole as he discusses the value proposition for investors regarding Eurasian Minerals. Mr. Cole highlights the merits of Prospect Generation, and specifically the 3 prong approach via Prospect Generation, Royalty Purchases, and Strategic Investments, which has been very successful for Eurasian Minerals’ organic growth.
Altius Minerals has more exposure to the base metals, but their royalty package is more lucrative than some of the other project generators at this point. Brian Dalton is a sharp CEO. These guys have their act together:
Altius is focused on growing its royalty business through prospect generation and the creation and acquisition of royalties.
Altius holds royalty interests in 13 producing assets that include a 4% NSR royalty on Hudbay’s 777 copper-zinc mine in Manitoba, 6 potash mines and 5 coal mines located in western Canada,and a royalty on the Voisey’s Bay nickel-copper-cobalt mine in Labrador. Collectively these royalties generate approximately $37-42 million in revenue per year.
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Corporate Presentation Altius Minerals:
As for Strategic Metals here is some good info for investors:
Royalty Holdings
Property Royalty Status Company Website
CORD 1% NSR Exploration Tarsis Resources
HAS 2% NSR* Exploration Wolverine Minerals Corp.
HYLAND GOLD 1/4% NSR Exploration Argus Metals Corp
REE 2% NSR Exploration Yankee Hat Minerals Ltd.
REEF 2% NSR* Exploration Precipitate Gold Corp.
BLOOM 2% NSR* Exploration Precipitate Gold Corp.
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Shares acquired through agreements, private placements and open markets as of June 30, 2016:
COMPANY NUMBER OF SHARES
Arcus Development Group Inc. 3,333,333
ATAC Resources Ltd. 10,144,136
Kesselrun Resources Ltd. 438,000
Largo Resources 20,000
Midnight Sun Capital Corp. 1,000,000
New Dimension Resources Ltd. 365,646
Orefinders Resources Inc. 3,300,000
Orestone Mining Corp. 588,235
Palisades Ventures Inc. 122,222
Precipitate Gold Corp. 15,068,827
Rockhaven Resources Ltd. 49,047,500
Silver Predator Corp 2,017,000
Silver Range Resources Ltd. 9,480,340
Till Capital 281
Voltaic Minerals Corp. 10,000
Wolverine Minerals Corp. 349,152
Shares acquired through the investment fund as of June 30, 2016:
COMPANY NUMBER OF SHARES
Arcus Development Group Inc. 70,500
Aurvista Gold Corp. 250,000
Blackice Enterprise Risk Management 825,000
Briacell Therapeutics Corp. 76,923
Carlin Gold Corp. 450,000
Constantine Metal Resources Ltd. 200,000
Copper One Inc. 30,000
Cordoba Minerals Corp. 120,000
Dunnedin Ventures Inc. 31,727
Great Bear Resources Ltd. 16,000
Indigo Exploration Inc. 300,000
Inform Resources 37,500
Midnight Sun Capital Corp. 500,000
Mundoro Capital Inc. 250,000
New Dimension Resources Ltd. 100,000
Northern Lion Gold Corp. 20,438
Orestone Mining Corp. 250,000
Rackla Metals Inc. 15,000
Radius Gold Inc. 100,000
Source Exploration Corp. 200,000
Spriza Media Inc. 4,444
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Strategic Metals – Corporate Presentation:
Millrock Resources is a project generator company focused on discovery and development of high value metallic mineral deposits in four jurisdictions with outstanding potential: the State of Alaska, the Southwest USA, and Mexico – primarily the state of Sonora and most recently the “Golden Triangle” district of British Columbia. The company’s main emphasis has been on gold and copper focusing on porphyry and high grade vein style deposits.
Millrock currently has twenty seven active exploration projects: eight gold, copper and zinc properties in Alaska, three gold / polymetallic projects in British Columbia, a uranium project in New Mexico, and fifteen gold, silver and copper projects in Mexico.
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Millrock Resources – Corporate Presentation:
http://www.millrockresources.com/investors/corporate-presentation/
AuRico Metals is a precious metals royalty and development company whose royalty assets include a 1.5% NSR on the Young-Davidson Gold Mine, a 0.25% NSR on the Williams mine at Hemlo, and a 0.5% NSR on the Eagle River mine – all located in Ontario, Canada. AuRico Metals also has a 2% NSR on the Fosterville Mine, located in Victoria, Australia, and 100% ownership of the advanced stage Kemess Project in British Columbia, Canada.
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Aurico Metals Corporate Presentation:
http://www.auricometals.ca/investor-information/events-and-presentations/default.aspx
Globex Mining is a Toronto Stock Exchange, Frankfurt and OTCQX-listed corporation with a diversified North American portfolio of mid-stage exploration, development and royalty properties containing: Precious Metals (gold, silver, platinum, palladium), Base Metals (copper, zinc, lead, nickel), Specialty Metals and Minerals (manganese, titanium oxide,iron, molybdenum, uranium, lithium, rare earths) and Industrial Minerals and Compounds (mica, silica, apatite, talc, magnesite).
Globex explores for its own account and options many of its numerous projects to other companies which pay Globex cash, shares and a royalty and undertake extensive exploration in order to earn an interest in Globex’s projects.
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Globex Mining Corporate Presentation:
http://www.globexmining.com/documents/2016-06-01-Globex-updated_newversion_004.pdf
1. Strong technical team
Transition has an award-winning technical team with a track record of discovery success in Canada. They have a wealth of technical, managerial and negotiation experience developed in a big company environment, and the agility and drive of a smaller entrepreneurial team.
2. Canada: Prospective & stable
Transition is focused on discovering economic deposits in Canada. In an era of geopolitical instability marked by resource nationalization, military coups and social uprisings, Canada is a sound place to invest. New deposits continue to be discovered, developed and acquired in Canada, fueled by its long history of exploration and mining.
3. Strong and diverse project portfolio
Transition has assembled a large and growing multi-commodity portfolio of over 30 projects encompassing over 2,000 km2 in some of Canada’s best known and emerging mining districts including:
Gold – 14 projects in Ontario, BC and Nunavut. Haultain represents a new discovery in the Southern Abitibi region of Ontario, which is an emerging gold district.
Copper –The 168km2 Janice Lake property in northern Saskatchewan has the potential for multiple large tonnage, near surface sedimentary-hosted copper deposits.
Ni-Cu-PGE – 17 projects with a focus and expertise in the Sudbury Basin of Ontario and mid-continental rift region of northwest Ontario. Aer-Kidd is located 20km SW of Sudbury, between two ~$750M mine development projects, was mined periodically (1916-1968) and has numerous untested targets, near surface and below the historic orebodies.
Diamonds – 572 km2 in NWT, north of the Lac de Grass diamond fields, in an area that has been off-limits to exploration since 1993.
Transition’s multi-commodity focus reduces the company’s exposure to commodity market swings and broadens its attractiveness to funding partners.
4. Project generator model
By following the project generator model, Transition gives shareholders maximum exposure to the discovery stage, which typically provides the greatest opportunity for share price growth over a shorter period of time, without the shareholder dilution that comes with multiple financings and the issuance of equity.
5. Well funded through alliance & partnership agreements
Transition relies heavily on strategic alliances and joint venture partner funding in order to minimize its capital requirements and the risk of shareholder equity dilution. In 2012, ~60% of the $5.6M spent on exploration was partner funded.
Gold, Base Metals & Diamonds – Transition has a five-year strategic alliance with Nunavut Resources Corp, which provides it with access to Inuit Owned Lands, and the social license to explore in the Kitikmeot Region of Nunavut.
Platinum – Transition has a strategic alliance with Implats, the world’s 2nd largest platinum producer, for exploration in northern Ontario.
6. Tight capital structure & ownership
~30 million shares outstanding (fully diluted)
30% Management/Insiders, 10% Institutional (Sprott), 60% Retail
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Transition Metals Corp – Corporate Presentation:
http://www.transitionmetalscorp.com/index.php?option=com_content&view=article&id=120&Itemid=190
Ex, I was thinking more along the lines of the people involved, rather than just stock names and prices.
e.g. I know Almadex was spun off from Almaden when they were going to get a mine built.
But I have heard little about the company since.
I try to keep track of successful teams because they are more likely to have future success.
Gotcha. Well, I figured there may be some prospect generators on that list which some may not be familiar with. The point of putting up the companies is to research:
– who is on their exploration team? Managment team?
– what prior successes are under their belt?
– who is on their board of directors?
– what individuals, institutions, or other mining companies are major shareholders in those companies?
As for following the quality teams, I completely agree.
– I mentioned Keith Neumeyer and his prior success with First Quantum and now First Majestic, and how many are hopeful that will translate over with his new prospect generator First Mining Finance
– I mentioned how Osisko spun out Oban, (now called Osisko Mining) and their prior track record of success.
– Aurico Metal s was spun out of Aurico during the merger with Alamos Gold, and has royalties in place.
– Eurasian Minerals has a royalty in place and 2 more about to kick in and a very successful team with a good track record.
– Strategic Metals has a great team and board.
– Abitibi Royalites has Rob McEwen as a key investor, and he has one of his protege’s at the helm
– Altius Minerals is by far the most successful prospect generator and royalty company on that list, and is why it’s share price has started to reflect that.
I follow successful teams for sure, but I want to see good projects, a pathway to production, as tight of share structure as is reasonable given the 5 year bear miners were until this year, and assessment of their jurisdictions, and reasonable plans moving forward. The team is very important, but it isn’t the only factor to consider.
Let me know if there are any prospect generators you are following that you think will rise head and shoulders above the rest. I’m interested in this sector.
Thanks!
The dollar seasonals show strength from mid July to almost mid August. PM’s show weakness from mid july to early august.
July 18th comment on timingthemarket:
The Bottom Line
Technical, seasonal and fundamental factors point to a strong possibility of start of an intermediate correction this week by equity markets and economic sensitive sectors. Traders and seasonal investors should respond accordingly.
Observations
Historically, an unexpected event (e.g. China blowing up last summer, ebola and Ukraine incidents in 2014, Greece blowing up in 2013) has occurred between the middle of June and the middle of October that triggered a significant increase in equity market volatility (and a corresponding correction). Could the failed attempted coup in Turkey be the event this summer?
On average during the past 50 years, the S&P 500 Index has reached a seasonal summer peak on July 17th.
Seasonality….. Tis’ the season!
I don’t know if it would count as a prospect generator, but Brazil resources has Adnani in charge of the program and many irons in the fire. It will hit with probably more than one.
BRIZF.
FFMGF basically has been buying up heavily discounted prospects, again with a proven team.
There are several other prospect generators with district area land packages around mines that became unprofitable when gold was $300 an ounce, but which have been bought up since. I will have to dig out some data. (Hopefully that is on one of my computers in California.)
I’m a huge fan of Amir Adnani, and mostly follow him because he is also the CEO of Uranium Energy Corp (UEC). Rick Rule and Doug Casey are both very big on Brazil Resources as well.
He’s definitely one of the sharpest up an coming CEOs, on par with Nolan Watson the CEO of Sandstorm Gold.
Hi Shad :
Who am I to ever say anything about something I know so little about.This lead me to the hypocrisy within the EPA concerning permits.I happened to be working around Goliad,Texas and began noticing anti UEC Uranium signs.This sparked my curiosity so I googled UEC, Goliad,Texas. There is a interesting little tale told about inside connections with one of Obamas transition team members and the 1200 special exemptions the EPA is entitled to issue.
If you are talking about the Huffington Post article about UEC, it is part truth wrapped in lies.
JohnK and CFS – very interesting and I hadn’t really heard about this before.
There are typically anti uranium signs and protests in any community, so that part doesn’t surprise me. Nuclear energy and Uranium mining is very misunderstood, and many people that don’t have a full understanding assume there is more risk than there actually is in either.
I’ll look into that a bit further, and hadn’t heard of the Obamaa transition team or these special exemptions the EPA can issue, but that doesn’t surprise me either. Now, did they get special treatment or use inside connections? Who knows, but it will be interesting to research what is possible to find out what actually happened, why & how did it happened, how much is subjective, and how much is speculation.
I’ve only evaluated Amir Adnani by the decisions he has made as duel CEO of both UEC and Brazil Resources. I’ve followed the press releases, their guidance, Amir’s transcribed interviews, and watched him in about a dozen interviews where he fielded questions from 10-40 minutes. I’ve continually been impressed with his views, his outlook, his business strategy, and people like Rick Rule, Marin Katusa, and Doug Casey seem to really trust and respect Amir.
As for UEC, their hub and spoke business model really makes sense. They have good assets, they are permitted or near permitted in 3 or 4 out of the 6 centers they’ll be doing insitu mining from, and then bringing into the central hub for processing. They’ll do great longer term, and thus far they’ve done a great job assembling an excellent team, quality institutional investment & large stakeholders, and have made the prudent call of limiting their production (since they are not hedged nor have the higher dollar off-take agreements like Energy Fuels, Cameco, and Ur-Energy have).
Longer term I believe they will be a fantastic success story in the uranium mining space, but we’ll see how things develop. Things can always change.
Thanks guys!
One company I have not seen mentioned here is run very conservatively.
Terraco, TEN.V, TCEGF, has a Barrick royalty stream, but is basically an exploration company.
http://www.ceoclips.com/companies/Interview-with-Terraco-Gold-CEO-Todd-Hilditch.html
Thanks CFS. I’m not familiar with them.
Yes, I didn’t include Rye Patch either, even though they also have the Coeur royalty stream, because they just bought a mine and are mostly explorers.
Generally what makes them a Prospect Generator is when they have a number of properties 5-25, where they have done some basic exploration to move those projects along. Over time they are looking for JV partners that will come and spend their money to explore, so the Prospect Generator doesn’t have the burden of raising the money, and they get a Net Smelter Royalty out of it. Also, many of them also invest in the stock in other companies or do share transactions when other companies acquire their properties.
An exploration company with a royalty that is just raising money do explore their own property is typically just considered an Exploration company.
Here’s a pretty good description of the prospect generator model on the Transition Metals Corp website:
http://www.transitionmetalscorp.com/index.php?option=com_content&view=article&id=171&Itemid=265
Ex,
The reason I knew about Terraco was that I was following Midway Gold assets and Almaden assets….
One Almaden asset in Idaho, and several Nevada assets from Midway gold were picked up by TCEGF. I did not called a prospect generator, not because it did not have enough properties, but because it skipped some exploration and bought royalty streams.
It has the characteristics, however, of a prospect generator in that it is funding future work by royalty streams rather than issuing shares.
Very interesting company CFS. I really appreciate you bringing it up for review, and I actually like the idea of companies buying (and also buying back) royalty streams, as another iron in the fire. Longer term I think they’re worth the candle, as long as the mine and underlying operators are quality.
I’m going to do a little more homework on Terraco. Very cool stuff. Thanks again!
For the first time since 2002, gold’s 8 month MA has crossed above the 34 month MA. It fell below it more than three years ago…
Thanks for the post
One prospect generator, for which Peter Grandich used to hold a lot of shares a few years ago is Miranda gold. MRDDF . I have done no recent research on this.
Another, mentioned by Mr. Temple, is Cornerstone Capital, CTNKF, which has gold and copper properties. It did run up already quite a bit.
Radius gold used to be a favorite of Paul van Eeden, if my memory is correct.
Another about which I know little and do not own is Viscount, VLMGF.
Precipitate, which I used to own, but sold a while ago, was touted by Jay Taylor, PREIF.
(I tend to use the words recommend and tout interchangeably, although I probably should not, because tout has more negative connotations.
Yes, Miranda Gold was mentioned at the bottom of that article I posted right under the list of Prospect Generators (up above in this blog) that was called:
“The Silent Rise of the Prospect Generator Method”
Global Mining Observer – Issue 143, October 2015
It’s a pretty good article and names about a dozen PJ companies at the bottom.
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Miranda Gold Corporate Presentation:
CFS – Thanks again for those ideas on Radius, Viscount, and Precipitate. I had Precipitate as an Explorer, but I’ll take a deeper look.
Personally, I’m always thrilled if someone has gone to the work to recommend/tout something, (I do agree with you, that some have placed a negative connotation on the word tout, like it’s bad because they may make money).
I guess many got burnt by pump & dump stories in the past, so now they’ve jumped to the global definition that any tout is just a pump n dump now. Not true of course, and people recommend good restaurants, good mechanics, good accountants, good deals, etc…. all the time. Yet if someone points out a good stock…..well, they must have an angle.
I’d say about 1/2 of the companies I discuss I have no holdings in and just like celebrating success in the industry. There are a lot of crappy companies, but luckily some of them just went out business or were acquired during this last bear cycle. Many of the survivors do have good merit.
There have been a fair amount of mergers and selling of assets from one miner to another over the last few years. Its impossible to follow them all, so when someone highlights a particular company…… through a chart, press release, corporate presentation, video, map, drill results, a group of stocks in an area play, or even the holdings/weighting inside of different ETFs, then it is always appreciated by most.
There’s just too many companies to follow. Then there are likely so many that we should be following, but may be totally unaware of UNTIL…. somebody touts it or shouts is out.
Obviously it helps to keep tabs on developing stories as it could have major ramifications and be worth put a little skin in the game on that project.
CFS – Thanks for continually digging up interesting companies to follow up on. It is appreciated.
You are welcome.
P.S. I bought my first Mining stock some 55 years ago. (BHP Billiton)
I have probably forgotten more than I remember over the years, but I do have a very long period of following resource stocks.
Keep the great ideas coming. I have a great deal of respect for anyone that has honed their focus in one area of life for decades, as it generally allows one to have the vantage point of experience, information, and good judgement.
Again, thanks for all your contributions CFS. I don’t always get to review them all, or necessarily agree with them all; however, the time you spend and the effort you take to post contributions makes the KER that much better.
What little I know about Viscount, is that they bought data bases of earlier exploration, and have land in Colorado, looking for silver; and have land in Nevada, looking for Carlin
-like gold. Nevada, with its cover in many places is difficult to look for gold, but I seem to remember these guys using a different angle.
Not as likely to be successful as Nevada Exploration, with its way of testing ground water for nano-concentrations of gold.
Yes, that water testing identification could be a real game changer for the mining industry at large. I wonder if it accounts for a large amount of over-burden where the ore you want to analyze may be fairly deep down? My hunch would be that it is best for identifying shallow deposits, or ones with exposure at surface only. Is that right?
The infrastructure in Nevada is so good that depth, as long as it is not ridiculously deep, probably does not matter. The depth at which they are sampling the water means that they would probably miss the really deep deposits anyway.
Bond vigilantes can’t take control when the Central Bank is always prepared to buy.