Recapping resource company news in Columbia, Nevada and the Yukon
A new segment that we will be sharing on a regular basis will recap news stories in the resource sector with Gwen Preston, founder and editor of The Resource Maven. It is near impossible for individual investors to keep up to date on all the news in this sector so Gwen will help us all try to stay up to date. In today’s segment we discuss Continental Gold, G4G Capital (soon to be renamed White Gold Corp.) and Colorado Resources.
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Remember we are holding a webinar with Auryn Resources tomorrow. Click here to sign up. This is an exclusive opportunity to learn more about the Company and ask any questions you have to management directly.
Very high volume in Continental is interesting.
Gwen has great picks. If anyone missed her presentation from the Metals Investor Forum she reviewed 13 companies on her radar:
#GwenPreston – Top 13 Company Picks #MIF Metals Investment Forum
– Nov. 2016 #GOLD #Copper #Platinum #Nickel:
$ADZ Adamera, $AGZ Ashanti Gold, $BLS Black Sea Copper & Gold, $NRN Northern Shield, $PLY Playfair Mining, $AUG Auryn, $CDB Cordoba, $NHK Nighthawk Gold, $AGB Atlantic Gold, $ICG Integra Gold, $MAE Maritime Resources, $ELY Ely Gold, $SNS Select Sands
Colorado Options Nevada Carlin Gold Property from Ely Gold
(Marketwired – Dec. 6, 2016) – COLORADO RESOURCES LTD. (TSX VENTURE:CXO)
She,like everyone else it seems,hasn’t found your namesake yet though.lol
I’m sure she’s aware of it because our friends Eric Coffin and Brent Cook are all over it. Even DanO likes it, and he’s one of the toughest critics out there…..
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@racker – “Getting some $MIN push by email. “The FS leads the company into what it anticipates will be the receipt of all the permits required for operations by the end of Q2 2017 and CAPEX financing for the planned Q2 2018 production.” min-v .54-.55″
* from #index, 5 Dec 2016, 08:57
@BenjaminCox – @racker, Trump helps $MIN, so permits might be possible finally.”
*from #index, 5 Dec 2016, 09:03
anonymous “$MIN feasibility wow….” from @hra-coffin, 5 Dec 2016, 10:06
anonymous “$MIN feasibility numbers wow” from @brent_cook, 5 Dec 2016, 10:08
anonymous I agree on $MIN, very impressive Feasibility. Will not be around very long 0 from #copper, 5 Dec 2016, 12:01
@DanO “I first stumbled upon $min a couple of years ago when looking into ISR mining methods
…and their deposit looked good and I became a ‘believer’. Then I looked at the tech report for the bankrupt open pit mining op that was right across the road from them and said to myself hey this would be a good fit for $min. Then they bought it. All good developments. Permitting won’t be that difficult imo. I will have another look at their FS when available.”
* from ~roughingit, 5 Dec 2016, 12:38
—-> Eric Coffin’s remarks:
@HRA-Coffin – “The woman who is spearheading the permitting process for $MIN has a ton of experience. She seems extremely confident they will get through the process expeditiously (well, as expeditiously as you ever get through permitting). Some were negative on that issue because of the hold ups that Hunter Dickinson had on their project in the area but that project is basically right under a town and an area a bigwig local developer wanted to put a subdivision and draws from a highly populated aquifer. Gunnison doesn’t have any of those issues. I think we see most of the permits nailed down next year, probably H1.”
*from ~roughingit, 5 Dec 2016, 22:36
Excelsior Mining on the up
Those companies chasing mega projects – and mega dollars – in the copper space may want to take a look at what Excelsior Mining (CN: MIN) has cooked up at its Gunnison copper project in Arizona, US.
http://www.mining-journal.com/financeinvestment/development/excelsior-mining-on-the-up/
Are those comments from ceo site???other than coffin which is obvious, how can you tell who is who when they are posting???I respect certain people’s opinions and usually buy more shares when they like something as much as I do.
It is more difficult to post these here on the KER because they can’t keep their formatting and spacing but for example, this was an “Anonymous” user posting Brent Cooks response:
anonymous – “$MIN feasibility numbers wow” from @brent_cook, 5 Dec 2016, 10:08
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Here was Benjamin Cox (The CEO of Aston Bay) talking to Racker:
@BenjaminCox – “@racker, Trump helps $MIN, so permits might be possible finally.”
*from #index, 5 Dec 2016, 09:03
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Here was the first Eric Coffin response on social media posted by an anonymous:
anonymous – “$MIN feasibility wow….” from @hra-coffin, 5 Dec 2016, 10:06
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Here is DanO’s post. He runs a website and has extensive geology background, and really puts deposits through the ringer and he likes it and in the middle embedded his article. I’ll reformat it so it’s easier to read with the link at the end:
@DanO “I first stumbled upon $min a couple of years ago when looking into ISR mining methods and their deposit looked good and I became a ‘believer’. Then I looked at the tech report for the bankrupt open pit mining op that was right across the road from them and said to myself hey this would be a good fit for $min. Then they bought it. All good developments. Permitting won’t be that difficult imo. I will have another look at their FS when available.”
* from ~roughingit, 5 Dec 2016, 12:38
It’s probably just easier to check out the $MIN room on CEO and read them, but I know it’s hard to click on every link, so sometimes I post snippets to give someone a peak into the link:
I guess the takeaway is the horse is out of the barn….. 🙂
Thanks Ex.I do check the ceo site occasionally.wasnt sure who was commenting every time…..on another note been getting inundated with plugs for Inca one gold (v.io).any thoughts???
Me too. Small Cap Investors and on weekend show Inca One was brought up.
I’ve actually owned them in the past, and have followed them for years. They are one of the few toll processors in Peru so they get the processing margins. Interesting enough idea, and I’ve considered it, but I just don’t see the upside like with an exploration, development, or small producer ramping up. I’d rather own the Streamers or a Royalty/Prospect Generator company for a bit more exploration and development upside.
I guess the fact that they have an income stream coming in though is a positive for rising metals prices and the revenue may allow them to expand or grow. Again, for the money, I rather have Nicola Mining that has Gold/Silver tolling that their Merritt Mill + they’re selling their Thule Copper ore to a Teck Resources subsidiary + they have a Sand & Gravel JV that they’ve monetized, and for the the prize is their Treasure Mountain Silver Mine. They had just put it into production after years of development work in 2013 as Huldra Silver (at the exact wrong time in the cycle; so it imploded). Now they have Copper ore money, Gold/Silver tolling money, Gravel money, to fund the future Silver adventure….
Thanks Ex.
There’s no doubt that Inca One is getting the push by a few different outlets and pump sites lately, so that alone may be enough to fuel it higher. It may be worthwhile short-duration trade, but I’d expect a parabolic pop and then a drop.
Red Eagle Mining
Corporate Slide Presentation – December 2016
Colombia’s Premier Emerging Gold Producer
http://www.redeaglemining.com/_resources/presentations/corporate-presentation.pdf
Trump will be positive for Nuclear energy: Expert says
22 Hours Ago
President-elect Donald Trump’s policies will benefit nuclear reactor development, says Leigh Curyer, CEO at NexGen Energy
Chinese-Korean group plans to invest US $ 2,000m. In plant to produce Lithium Batteries
Posted on December 6, 2016
“…This, in a horizon of ten years, with a generation of employment of 4,300 people in seven phases. Phase 1, 2 and 3 would begin production in January 2018 with an initial investment in 2017 of US $ 510 million and a generation of employment of 950 people for the first years. In these phases, the plant would produce 1,000 tons of lithium carbonate.
“Our proposed strategic plan starts with 1,000 tonnes by 2018, reaching 5,000 tonnes by 2022, to finally reach 10,000 tonnes by 2028,” said Mauricio Mora, a representative of Nexis Consulting SPA, a firm that advises Asians. Have met with Invest Chile.”
I’m going to post a response back to the CEO of Lomiko Metals (a Graphite & Lithium company) today where he voiced his concerns about there being limited demand for the Jr Lithium companies because of the Big 3 – SQM, Albamarle, and FMC ramping up their LI production and picking off some of the low-lying fruit:
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@Excelsior A. Paul Gill – Yes I agree the big players like $SQM, $ALB Albemarle, and $FMC are going to be looking for market share and picking off some of the low-lying fruit.
That is EXACTLY why I want to own the Jr Lithium companies already in Production or in Development. The companies that are just now staking claims, or exploring for more LI are so far behind the curve that there is little hope for most of them. #forgetaboutit
However, if there is any validity at all to narrative for a substantial increase in demand for #Lithium worldwide over the next 3-5 year, then there is likely only room for a handful of Jrs.
$ORL $OROCF Orocobre, $GXY.AX $GXY $GALXF Galaxy Resource, (see their press relase today 🙂 and the JV with $NMT.AX $RRSSF NeoMetals / $MIN.AX Mineral Resources and Ganfeng are all first to production, and have crossed that finish line. Most #Lithium or Mining companies never will.
There are only a few more LI companies really needed to mop up the rest and so advanced stage development companies like $LAC Lithium Americas Corp (with a 50/50 JV with $SQM = takeout candidate) and $NMX $NMKEF Nemaska Lithium and $PLS.AX $PILBF Pilbara Minerals will likely fill most of the remaining demand equation.
It’s possible companies like $CRE Critical Elements Corp $PE Pure Energy Minerals $DJI Dajin Resources or $KDR.AX Kidman Resources may have a chance as well; but if you’re worried there won’t be enough fruit for Galaxy, Orocobre, and NeoMetals / Mineral Resources, then what in the world are the other 70-80 Jrs going to eat? = Dust….. nada…
That is precisely why the vast majority not in production or development are chasing a dream…
LITHIUM Production $GXY.AX $GALXF Galaxy Resources
Mt Cattling Begins 24 Hour Production and Trucking to Esperance Port
#NiceMilestone
http://www.asx.com.au/asxpdf/20161207/pdf/43djrqw331k65v.pdf
Illinois Sees The Light — Retains Nuclear Power
James Conca – DEC 4, 2016
“Last Thursday, December 1st, the Illinois State Legislature passed a measure that will allow continued operation of two of the state’s six nuclear power plants.”
“These two plants were in jeopardy of closing because even at a low cost of five cents or so per kWh, they were losing a combined $100 million per year because they could not compete with cheap natural gas and wind energy that is subsidized at 2.3¢/kWh. Illinois taxpayers subsidize solar energy at 21¢/kWh. This bill provides these nuclear plants with just 1¢/kWh, and only until market conditions change.”
Exelon had drafted a press release announcing the closure of the two plants that was to be issued last night if the bill failed. Instead, these plants will be operating for at least another 10 years, producing over 200 billion kWhs of carbon-free energy.
In addition to preserving nuclear energy as a way to support cleaner air, the measure also expands the state’s energy efficiency programs and makes changes to the state’s renewable portfolio standard sought by renewable advocates.”
Matthew – have a look at this chart from a savvy investor over at CEO. I think you’ll enjoy it.
@PamplonaTrader – “$CEM set for takeoff? #Zinc”
Big Al – It would be great to get Gary on the show for an update at Orex and Dolly Varden. He’s a great guy and I believe you are pals. Just an idea….
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Gary Cope joins Dolly Varden Silver as President and CEO
https://www.ceo.ca/@fscwire/dolly-varden-announces-appointment-of-gary-cope-as
Holding fork support, just broke the 144 and 233 week MA….next stop the 377 week EMA…
Nice breaking the trendline at the 61.8% fib retracement. That’s been a common theme lately.
I like when two or more indicators line up together like that.
Americas Silver Corporation Provides Update on San Rafael Project and New York Stock Exchange Listing
TORONTO, ONTARIO–(Marketwired – Dec. 7, 2016) – (USA.TO), (USAPF)
Santacruz Silver Announces Agreement to Sell San Felipe Project
Dec. 7, 2016 /CNW/ – Santacruz Silver Mining Ltd. (TSX.V:SCZ)
Scorpio Gold Engages Integral Wealth Securities Limited to Provide Market Making Services
Vancouver, December 6, 2016 – Scorpio Gold Corporation (TSX-V: SGN)
Hopefully this will add a little bit of liquidity to the trading with Scorpio Gold.
Matthew and Doc and Al and Cory, do you prefer Columbia or British Columbia? I think AU has a 40 million oz gold resource in Columbia.
Personally prefer ColOmbia, not Columbia.
I prefer British Colombia!
I must say that if anyone is ever in Tampa, FL do yourself the favor and go out to eat at the Columbia Restaurant:
http://www.columbiarestaurant.com/The-Columbia-Experience/Photo-Video-Gallery/Ybor-City
SGE closed today at Gold 1194.43, Silver 18.21