Daily Market Wrap – Wed 15 Feb, 2017

A bit of politics along with Today Market Close

You have to admit  Andy Puzder the Labor Secretary appointee was a mistake. Particularly in our society.

Click download link to listen on this device: Download Show

Al KorelinChris Temple

  1. On February 15, 2017 at 1:27 pm,
    irishtony says:
    • On February 15, 2017 at 3:40 pm,
      CFS says:
    • On February 16, 2017 at 9:56 am,
      Big Al says:

      Thanks Tony,

      Kind of what I figured.

      Unfortunately the left in our country is yelling so damn loud that those of us who disagree with them are not being effectively heard.

      I fear social unrest right around the corner. Is that true in your country.

  2. On February 15, 2017 at 1:37 pm,
    Silverdollar says:

    Here’s Matthew’s gold chart Chris. No………..it wasn’t an outside day. http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=7&dy=22&id=p21950119930&a=417338610

  3. On February 15, 2017 at 1:39 pm,
    Bonzo Barzini says:

    We don’t need a Dept. of Labor or a Dept. of Education.

    • On February 15, 2017 at 2:30 pm,
      Wayne says:


    • On February 16, 2017 at 9:57 am,
      Big Al says:

      I am not implying that I disagree, but I would like to read your rationale.

      Thanks Bonzo

  4. On February 15, 2017 at 1:40 pm,
    Silverdollar says:

    Sorry. That was a weekly chart: this daily is very, very close. http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=2&dy=0&id=p36342424654&a=484925243

    • On February 15, 2017 at 1:47 pm,
      Matthew says:

      You caught it… I should have refreshed the page before posting above.

      • On February 15, 2017 at 2:03 pm,
        Silverdollar says:

        That’s OK sir. Hope you don’t mind that I have bookmarked some of your great charts.

        • On February 15, 2017 at 3:49 pm,
          Matthew says:

          No, I don’t mind at all – I’ve lifted a chart or two myself. 😉

  5. On February 15, 2017 at 1:56 pm,
    Excelsior says:

    (SMT) (BBEXF) Sierra Metals Reports Q4-2016 Financial Results at Sociedad Minera Corona Subsidiary in #Peru – TORONTO, Feb. 15, 2017

    * Financial Results & Earnings

    Corona’s Highlights for the Three Months Ended December 31, 2016
    – Revenues of US$31.9 million vs US$12.1 million in Q4 2015
    – Adjusted EBITDA of US$ 14.9 million vs US$(1.5) million in Q4 2015
    – Total tonnes processed of 236,650 vs 193,710 in Q4 2015
    – Net #production revenue per tonne of ore milled increased by 113% to US$132.66
    – All in sustaining cost (“ASIC”) per silver equivalent payable ounce lower by 25% to US$12.51
    – #Silver equivalent production of 2.2 million ounces vs 1.3 million ounces in Q4 2015
    – #Copper equivalent production of 14.4 million pounds vs 8.8 million pounds in Q4 2015
    – $36.9 million of cash and cash equivalents as at December 31, 2016
    – $20.0 million of working capital as at December 31, 2016

    https://www.juniorminingnetwork.com/junior-miner-news/press-releases/963-tsx/smt/29329-sierra-metals-reports-q4-2016-financial-results-at-sociedad-minera-corona-subsidiary-in-peru.html 0 from #index, 18 minutes ago

    • On February 15, 2017 at 3:08 pm,
      Excelsior says:

      Primero Announces Work Stoppage at San Dimas
      (Marketwired – February 15, 2017) –

      “Primero Mining Corp. (TSX: P) (NYSE: PPP) today announced that unionized employees at the Company’s San Dimas mine in Mexico have initiated a strike action, resulting in the complete stoppage of mining and milling activities at the site.”


      • On February 15, 2017 at 3:10 pm,
        Excelsior says:

        Capstone Mining 2016 Financial Results
        Feb. 15, 2017 /CNW/ –

        “Capstone Mining Corp. (TSX: CS) today announced its financial results for the three months and year ended December 31, 2016.”

        “For the full year ended December 31, 2016, operating cash flow before changes in working capital[1] was $156.9 million or $0.41 per share, with a net loss of $197.4 million and adjusted net income of $29.4 million or $0.08 per share after adjusting for certain non-cash and non-recurring charges. Copper production totalled 114,600 tonnes (110,700 tonnes of payable copper) at a C1 cash cost[1] of $1.44 per payable pound produced with copper sales of 110,500 tonnes at a C1 cash cost[1] of $1.53 per payable pound sold.”


      • On February 15, 2017 at 5:31 pm,
        CFS says:

        I just have to wonder about the quality of the management!
        They let costs get out of control, and now can’t seem to handle negotiations!

        • On February 15, 2017 at 5:32 pm,
          CFS says:

          That referred to PPP

          • On February 15, 2017 at 11:04 pm,
            Excelsior says:

            Yeah, I followed you CFS. I don’t have a position or a dog in the fight, but know a few people on here follow the story, so when that news broke, I posted it right away as it was still available for after-hours trading. Hoping for the best for everyone.

    • On February 15, 2017 at 8:43 pm,
      Marty says:

      Sierra metals : DBEXF

      • On February 15, 2017 at 8:50 pm,
        Marty says:

        Sierra, I would say-Fully priced at these levels

        • On February 15, 2017 at 11:02 pm,
          Excelsior says:

          Yes, as fare as DBEXF / SMT – I’d say there is always room for it to run a bit more (as they just had some good quarterly results), but it isn’t cheap anymore after the huge run up it’s had.

          This one really irritates me as I was in a position in Sierra Metals for a while and it wasn’t moving much, and I threw in the towel to reallocate those funds. Then shortly there after is skyrocketed like I haven’t seen it do in quite some time. That’s always a bummer….

          Anyways, I celebrate their success as of late and think they are a solid producer that hardly ever gets discussed. Just figured I’d post their results to keep in front of investors here at the KER, just in case we get a nice pullback in the metals this spring. I’ll be waiting for a corrective move to see if a good entry opens up.

          • On February 16, 2017 at 4:42 am,
            Marty says:

            Ex, I agree on a pullback on Sierra.
            CDE – I pulled the trigger 2x – 2/15/17, 400@ $9.08 & the close 400 @ $9.14. Will buy Thurs open if below $9.
            Trimmed PVG last week, my largest dollar position @$12.44

          • On February 16, 2017 at 7:10 am,
            Excelsior says:

            Yeah, I don’t normally invest in Coeur, but it seems ripe for a bounce back.

            Don’t own Pretium, but have Teuton Resources with land all around them, and Seabridge and another land package around IDM mining.

            Here is a map of (TUO) Teuton Resources land around Pretium’s land for reference:


          • On February 16, 2017 at 7:10 am,
            Excelsior says:

            Oh yeah, just saw your last line, yes Silver Bear has been stronger than I expected lately.

  6. On February 15, 2017 at 1:58 pm,
    Excelsior says:

    (CSK) (BNCIF) CobalTech Acquires 9 Past Producing Mines In Prolific #Cobalt Camp, Ontario (Marketwired – February 15, 2017)

    “CobalTech Mining Inc. (TSX VENTURE: CSK), is pleased to announce that it has acquired additional strategically located properties around its Duncan Kerr Project in the heart of the Cobalt Camp, Ontario. This new property increases by 8-fold the total area of prospective ground under ColbalTech’s control which now totals 264 hectares including 9 historical past producing mines.”


    • On February 15, 2017 at 11:07 pm,
      Excelsior says:

      Speaking of Cobalt…..

      Look at this chart of the price action in Cobalt over this last year. Holy cow!!


      • On February 16, 2017 at 9:22 am,
        Excelsior says:

        Cobalt: From Secret Ingredient to Shining Star? A Conversation with Global Energy Metals

        Thursday February 16, 2017 – By Bodo Albrecht,

        “Cobalt prices have increased by more than 47% year-over-year, one of the largest gains in the entire metals spectrum. The rise comes as the markets for electric vehicles and electronic devices continue to grow rapidly around the world, nourishing fear of a cobalt supply shortage.

        The majority of the cobalt, 90%, produced today is tied to copper and nickel production and therefore tied to other markets. Because of that, a downturn in other parts of the economy frequently leads to production adjustments or shutdowns of mines as we have seen in recent past, reducing the amount of cobalt supply.”


  7. On February 15, 2017 at 2:42 pm,
    Markedtofuture says:

    The Three Groups Attacking Trump & Freedom


    • On February 16, 2017 at 10:01 am,
      Big Al says:

      Thanks Markedtofuture, Is Dave worth listening to? He seems like a pretty sharp guy.

  8. On February 15, 2017 at 3:20 pm,
    CFS says:

    Off TOPIC:

    Am I the only person that remembers Ted Cruz and Mike Lee standing up in the Senate under the Devil Incarnate complaining about the NSA and FBI bugging reporters phones, etc.

    They were crucified and called anti-American.

    I bet Obuma’s Minions recorded all of Trump’s potential candidates for cabinet positions phone calls ILLEGALLY.

    Not the fake news of Russian interference of election results.
    Schumer is raising red herrings.

    • On February 16, 2017 at 10:03 am,
      Big Al says:

      Schumer is simply on a mission and he will not give up until proven to be ridiculous. I have watched him a number of times and he is certainly aggressive!

  9. On February 15, 2017 at 3:24 pm,
    CFS says:
  10. On February 15, 2017 at 3:28 pm,
    CFS says:
    • On February 16, 2017 at 10:05 am,
      Big Al says:

      It is really getting to that point, Professor as recent events show. I am concerned as I have said more than once.

      The left is very agressive and their causes are very well funded. It is difficult, but not impossible, to be on the othere side of a person as bright and wealthy as George Soros.

  11. On February 15, 2017 at 3:30 pm,
    CFS says:

    The Swamp gets worse, every time I dig a bit deeper.

  12. On February 15, 2017 at 4:01 pm,
    Chartster says:

    A different take on the Flynn resignation. And the lame stream media is exposed….


    • On February 15, 2017 at 5:07 pm,
      CFS says:

      Thanks for posting that Chartster. Very interesting.

      I am beginning to believe the DoJ tapped all of Trump’s advisers phones during the election; it appears with Lynch’s OK and NO judicial warrant.
      Obuma definitely installed a lot of socialist traitors in the state dept and DoJ staffers just before he left office.

      • On February 15, 2017 at 5:43 pm,
        Chartster says:

        You bet, CFS. There’s some links in there that will connect some dots.

        • On February 15, 2017 at 6:45 pm,
          Markedtofuture says:

          Mika Will Not Invite Kellyanne Conway to Morning Joe Anymore, Because She Doesn’t Like Fake News

          Here we go. They got Flynn and now they’re out for Conway, Miller and then Bannon.

          The daughter of the founder of all globalist neocon shills, Mike Brzezinski, said this morning that she’d no longer have Conway on her show because she doesn’t like fake news. Then her cucked partner, Joe Scarborough, chimed in, essentially calling Conway persona non grata — painting her as an ego driven media whore who isn’t in any of the White House meetings and has no idea what’s going on.

          Really? What sources inside the White House can confirm this? Joe furthered saying that ‘any reporter’ can ask people inside the White House about Conway’s access to the briefings and they’ll confirm that she’s, basically, cast aside in the dark — left to doing teevee shows, perpetuating fake news stories.

          The lazy thinking demonstrated here is astounding. Clearly, this is a smear campaign by the shills at MSNBC, in an effort to deride Conway. I find it next to impossible to believe that a spokeswoman for the White House would be treated in this manner, especially 3 weeks into the administration. The only fake news taking place here, ironically, are from the shills at MSNBC.


          • On February 15, 2017 at 7:57 pm,
            Markedtofuture says:

            Nunes on intelligence leaks: No doubt a crime was committed

            Feb. 15, 2017 – 4:28 – California congressman goes on ‘Hannity’ to discuss investigating those who leaked classified information


          • On February 15, 2017 at 8:14 pm,
            Markedtofuture says:

            The Public Should Demand To See The Michael Flynn Transcript

            If the leakers were truly interested in transparency, and wanted the public to know the truth, why not leak the transcript to Wikileaks and let the public decide? Why doesn’t the public have a right to see the entire thing? Instead, we are being told what happened and what to think via secondhand anonymous sources.


          • On February 16, 2017 at 3:48 am,
            OOTB Jerry says:

            Mika…….the mole….neocon

          • On February 16, 2017 at 3:50 am,
            OOTB Jerry says:

            MSNBC…..is as bad as CNN

          • On February 16, 2017 at 10:10 am,
            Big Al says:

            Thanks Markedtofuture,

            What is going on in the media and govt. is a real shame.

    • On February 16, 2017 at 10:07 am,
      Big Al says:

      When “credible reporters” intentionally produce “fake news” they should be sanctioned. Unfortunately that will never happen because of the Constitution and “freedom of speech”. And, that is sad!

  13. On February 15, 2017 at 4:13 pm,
    Ozibatla says:

    Big brother is the artificial god!

    • On February 16, 2017 at 3:51 am,
      OOTB Jerry says:

      Ephesians 6:12

    • On February 16, 2017 at 10:11 am,
      Big Al says:

      Does the name “Baal” ring a bell?

  14. On February 15, 2017 at 4:15 pm,
    wolfster says:

    Hey Ex…..agnico gave its year end news…odyssey inferred estimated at 1.43M oz…..doesn’t include drill results from internal zones which returned several significant intersections…..could use Ian Ball doing another interview on bnn to get the rzz moving again

    • On February 15, 2017 at 4:39 pm,
      Excelsior says:

      Agreed. Go RZZ & GZZ. Honestly, they’ve actually done quite well compared to the other more widely followed peers in the Royalty company / Prospect Generator space. I had posted this chart earlier today on ceo and it illustrates just how well RZZ and GZZ have done since last year.

      * Here is a 1 year Bar Chart showing how the ~prospectgenerator ~royalty business model has netted 60%-300% stable returns since this time last year.

      Companies featured:



      • On February 15, 2017 at 4:51 pm,
        wolfster says:

        Yes and tomorrow we find out if these results are pushing them to newer highs….btw 340,000 of today’s volume on gzz was a block sold by Raymond James and bought by BMO. Fwiw

      • On February 15, 2017 at 5:05 pm,
        Excelsior says:

        Golden Valley leading the pack at 330% gain since this time last year, and Abitibi Royalties up 211% in second, with Eurasian Minerals up 125% for third.

        Not too shabby consider these are more stable companies due to their diversification across multiple projects. They behave more like ETFs or streamers in that great news in a company or bad news in one company won’t move them much except on the short term, but likewise they won’t react strongly for wild trading.

        What I do like about that whole group of 10 companies in that chart, like the Millrocks, or Strategic Metals, or Globexs, or Midlands of the world, is that they have moved higher in a more orderly way. They aren’t going to have the same leverage as a smaller Jr but they are good place to dump some profits from riskier trades for a more gradual climb higher.

        • On February 15, 2017 at 11:10 pm,
          Excelsior says:

          Speaking of Millrock……

          (MRO) (MLRKF) Millrock Resources Inc.
          Metals Investor Forum January 2017: #VIDEO #ProspectGenerator #Gold #Copper


      • On February 16, 2017 at 4:46 am,
        Marty says:

        Maxim for EX & Matthew: Whatever you think about you bring about, Whatever you focus on grows! Great work, Guys!

        • On February 16, 2017 at 7:11 am,
          Excelsior says:

          Thanks Marty. Lots of miners are growing these days 🙂

  15. On February 15, 2017 at 4:53 pm,
    wolfster says:
    • On February 15, 2017 at 5:24 pm,
      Excelsior says:

      Yes, I’ve seen a few folks posting about them recently, and that they are rekindling things at that historic site. It’s been added to watch-list, but I already have a few different zinc stocks (even grabbed some Callinex recently because it’s so bombed out) and am likely adding 1 or 2 more Zinc miners to the group and that’s it. Thanks for that article though – it had some good Zinc macro info.

      I still may add 1-3 cobalt stocks and 2 or 3 more Copper stocks and that’s it for me on Base Metals. I’m fully allocated at present to Gold & Silver & PGMs & Uranium & Lithium and may trim back some if we get more nice upleg in commodities and energy.

      Have a great rest of the week trading.

      • On February 15, 2017 at 7:07 pm,
        Excelsior says:

        I really appreciated this Video from the Metals Investor Forum in January where Callinex brought up the 800 lb gorilla in the room and the drill results they had that caused the shares to tank. When taken in the totality of their long history of success with the company, prior successful exploration work where they have already identified their resources, and why they were going out elephant hunting in the first place, then it all makes sense, and it looks to me like investors got emotional, freaked out, and oversold this company just on a few of the more recent holes. I couldn’t stand it any more, and decided to start a position in it recently at these super clearance sale levels. I can’t see it slipping much more from here, but if it does I’ll average down. What I can see is their 2017 drilling campaign pulling some good drill holes and really popping this Zinc explorer much higher.


        MIF January 2017: Callinex Mines Inc.
        Feb 15, 2017


        • On February 16, 2017 at 8:00 am,
          Excelsior says:

          Lot’s of discussion again today about Darnley Bay on ceo. I guess I’ll need to look at this more closely….

    • On February 15, 2017 at 11:48 pm,
      Excelsior says:

      Wolfster – Here is the updated Zinc list. (keep in mind almost all of the Silver Miners have Zinc exposure and are not included on this Zinc list. There are a few other polymetallic miners with more of a Copper or Nickel or Gold focus that show up on here because they have some Zinc projects or a large enough Zinc credit to their asset mix).

      ** Zinc Miners **

      PNX Metals
      VARISCAN MINESariscan Mines

  16. On February 15, 2017 at 6:10 pm,
    CFS says:
    • On February 16, 2017 at 10:15 am,
      Big Al says:

      Surprisingly good article coming from Stanford. Thanks CFS

  17. On February 15, 2017 at 6:11 pm,
    CFS says:
    • On February 15, 2017 at 6:13 pm,
      CFS says:

      Those comments above were from a Professor at Stanford U. Law School

  18. On February 15, 2017 at 6:37 pm,
    CFS says:

    Worth listening to:

    It appears to me that Trump is running the White House as he ran his business: As a one-man band.
    It is too big a task to have ALL decisions made by one person, no matter how energetic and intelligent that one man is.

    • On February 15, 2017 at 8:23 pm,
      CFS says:



      • On February 16, 2017 at 3:41 am,
        OOTB Jerry says:

        Some have said that…….

        • On February 16, 2017 at 4:06 am,
          OOTB Jerry says:

          The swamp creatures just can not help their little old souls….. deep state, deep darkness

    • On February 16, 2017 at 10:17 am,
      Big Al says:

      And given the fact that I supported his candidency, I still have to agree with your comment. I am still waiting until the “dust really settles!”

      • On February 16, 2017 at 6:16 pm,
        DC says:

        Al, I fear you may be waiting a long time because as soon as the machinery that want Trump out see that the dust is starting to settle anywhere, they will start another attack. I’d be willing to bet that as I type this there is a “think tank” hired by we all know who for the sole purpose of coming up with ideas, ways, means, and (il)legal tactics to try and dislodge Trump from the Oval office.

  19. On February 15, 2017 at 7:27 pm,
    CFS says:
  20. On February 15, 2017 at 8:42 pm,
    CFS says:

    Ira Epstein Metals Close TA

  21. On February 15, 2017 at 9:13 pm,
    CFS says:
    • On February 16, 2017 at 3:45 am,
      OOTB Jerry says:

      Just a side distraction at this point……

  22. On February 15, 2017 at 10:00 pm,
    CFS says:

    “People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. Intellectual myopia, often called stupidity, is no doubt a reason. But the privileged also feel that their privileges, however egregious they may seem to others, are a solemn, basic, God-given right. The sensitivity of the poor to injustice is a trivial thing compared with that of the rich.”

    John Kenneth Galbraith, The Age of Uncertainty

    • On February 16, 2017 at 11:49 am,
      Al Korelin says:

      Interestingly enough Mr. Galbraith, I have many friends who are not impoverished and the majority of them care deeply about those in need.

  23. On February 15, 2017 at 10:17 pm,
    CFS says:
  24. On February 16, 2017 at 1:15 am,
    Excelsior says:

    Four Extraction Companies That Top This Fund Manager’s List
    The Gold Report Follow | Thursday, 16 February 2017

    Red Eagle Mining Corp. (R:TS); (RDEMF:OTCQX)

    Parex Resources Inc. (PXT:TSX.V)

    Kirkland Lake Gold Inc. (KL:TSX); (KLGDF:OTCQX)

    Trevali Mining Corp. (TV:TSX); (TREVF:OTCQX)


  25. On February 16, 2017 at 2:03 am,
    CFS says:
  26. On February 16, 2017 at 2:12 am,
    CFS says:
  27. On February 16, 2017 at 2:17 am,
    Excelsior says:

    Currency Pioneers Mold Nation of Gold Bugs at Ex-USSR’s Edge
    by Evgenia Pismennaya and Anna Andrianova
    February 15, 2017

    “Kyrgyz National Bank governor wants everyone to own some gold”

    “Central Asian country’s central bank purchasing more bullion”

    “A landlocked nation perched between China and Kazakhstan is embarking on an experiment with little parallel worldwide: shifting savings from cattle to gold.”

    “One of the first post-Soviet republics to adopt a new currency and let it trade freely, Kyrgyzstan’s central bank wants every citizen to diversify into gold. Governor Tolkunbek Abdygulov says his “dream” is for every one of the 6 million citizens to own at least 100 grams (3.5 ounces) of the precious metal, the Central Asian country’s biggest export. ”

    “Gold can be stored for a long time and, despite the price fluctuations on international markets, it doesn’t lose its value for the population as a means of savings,” he said in an interview. “I’ll try to turn the dream into reality faster.”


    • On February 16, 2017 at 3:56 am,
      OOTB Jerry says:

      Do not tell the deep state ……..next they will be going after the gold of Kyrgyzstan

      • On February 16, 2017 at 6:56 am,
        Excelsior says:

        In their case the deep state and their central banks wants their citizens to hold some gold over cattle. Not a bad idea, and I thought it was interesting for a country to have that position in this day and age.

        • On February 16, 2017 at 7:23 am,
          OOTB Jerry says:

          A govt. with a logical mind……….

          • On February 16, 2017 at 8:01 am,
            Excelsior says:

            Refreshing isn’t it…. and from an ex-Soviet country no less…..

          • On February 16, 2017 at 8:14 am,
            OOTB Jerry says:

            i think they get it………

    • On February 16, 2017 at 11:50 am,
      Al Korelin says:

      Some leaders are smarter than others, Excelsior!

  28. On February 16, 2017 at 2:26 am,
    CFS says:

    I can see European buying of gold as a movement by individuals to safety.

    • On February 16, 2017 at 11:51 am,
      Al Korelin says:

      Kind of like the Korelin Family, CFS

  29. On February 16, 2017 at 3:43 am,
    OOTB Jerry says:

    $18.10 …..silver over night……..looks like it wants to go higher ….the death grip is on…………..THE CLAW

    • On February 16, 2017 at 7:06 am,
      Excelsior says:

      Silver is clawing it’s way higher, little, but little……

      Gold:Silver ratio returning closer to mean…..

      • On February 16, 2017 at 7:24 am,
        OOTB Jerry says:

        Silver should be $22.50…….with a 55 to 1 ratio…….silver is a screaming buy…..jmho

        • On February 16, 2017 at 8:01 am,
          Excelsior says:

          It will be by year’s end.

          • On February 16, 2017 at 8:15 am,
            OOTB Jerry says:

            hope so………..hope it blows by that and goes over 30

      • On February 16, 2017 at 12:09 pm,
        GH says:

        Mean? It’s gonna get downright nasty.

        • On February 16, 2017 at 3:31 pm,
          Excelsior says:

          That’s funny GH. I meant the Gold:Silver ration would revert to the mean:

          * What is the ‘Mean Reversion’

          “Mean reversion is the theory suggesting that prices and returns eventually move back toward the mean or average. This mean or average can be the historical average of the price or return, or another relevant average such as the growth in the economy or the average return of an industry.”


          • On February 16, 2017 at 3:31 pm,
            Excelsior says:

            ration = ratio

  30. On February 16, 2017 at 6:07 am,
    Matthew says:

    “Inflation is picking up around the globe, and it’s not “transitory” this time.”

    Silver and Inflation


  31. On February 16, 2017 at 6:45 am,
    OOTB Jerry says:

    kitco news is starting to be misleading……..concerning info on real estate……they need to get an expert on real estate, or just stick to mining……..jmho

    • On February 16, 2017 at 11:52 am,
      Al Korelin says:

      I have a lot of respect for the folks at Kitco. I do believe that truly knowledgeable people should only be used for opinions.

      • On February 16, 2017 at 12:48 pm,
        OOTB Jerry says:

        I agree, on using “truly knowledgeable people.”

  32. On February 16, 2017 at 6:56 am,
    CFS says:


    Today is “Immigrants Stay at Home” Day.

    Is there any truth that tomorrow will be “Fire an Immigrant Day”?

  33. On February 16, 2017 at 7:39 am,
    Excelsior says:

    February 16th, 2017 – Montan Mining Corp. (MNY)

    • Montan Mining to acquire producing 125TPD capacity Mirador processing plant,
    strategically located 450km north of Lima.
    • Mirador plant is fully operational and has a two (2) month backlog of flotation feed
    material delivered and queued for processing.
    • Cost and efficiency focussed operational management team built Mirador for
    US$2.3M and reached planned initial 125 TPD capacity in just 16 months.
    • Personnel from the Kairos’ operational team will guide start-up at Montan’s newly
    acquired Cerro Dorado plant.
    • Purchase includes six (6) wholly owned mineral concessions including two (2)
    concessions prospective for gold (Au) located 10km from Montan’s Cerro Dorado


    • On February 16, 2017 at 8:04 am,
      Excelsior says:

      Just as a heads up to investors that haven’t been following Montan Mining…. They are setting up to be a significant toll miner in Peru, and will be very similar to what Inca One has built out as toll miner.

      Speaking of Toll Miners – Nicola Mining really had a great day yesterday. They have more going on than just their mill, with the new focus on the Copper ore at Thule that they are selling to a TECK subsidiary and their old Treasure Mountain Silver mine that they said they’ll put back into production when Silver hits $25+.

      • On February 16, 2017 at 8:09 am,
        Excelsior says:

        The corporate development guy from Montan just popped on CEO and posted this:

        @Luis – “Morning guys. we at Montan Mining just announced the transformative acquisition of Kairos SAC and their fully operational 125 TPD float and CIP plant in Northern Peru.

        Please read the news release for more information but long story short upon closing of this acquisition we will be a fully integrated precious metals producers with two plants including one in full production and cash flow, a mine and 10 mineral concessions throughout the country. we are also the first TSX-V processing company to be in the North of Peru where the industry is going to focus next. Happy to answer any questions throughout the day. #mny #montan #gold #peru


        • On February 16, 2017 at 8:17 am,
          Excelsior says:

          Here is the brand new Corporate Presentation for Montan Mining:


          • On February 16, 2017 at 8:18 am,
            Excelsior says:


          • On February 16, 2017 at 8:59 am,
            Excelsior says:

            @Luis – “Tommy our thought is that usd $3M payment will be secured through debt/streaming/bullion loans. neither plant has any material debt on them now. given that they are hard assets we are already in talks with various groups as we have been on an exhaustive banking roadshow under NDA the past two months.

            You can see our peer group has always had access to debt and this will avoid unnecessary dilution. we also have $3M+ in warrant cash at above $0.10 and we have placed the right people in the stock throughout the last rounds to help us get there. now that we are live on the New Montan the business becomes easier to finance. #mny 2 25 minutes ago

            @jamjam – “Luis do we know how much gold we have in that property?”

            @Luis – “jamjam the gold properties are greenfield but really interesting. when pacific alliance first went to Peru they claimed 87,000 hectares of land throughout the country in conjunction with a pretty well known Peruvian geo. after they decided that real money could be made by putting a plant in the north they dropped ~90% of their concessions except for the 6 that we are acquiring.

            The two gold ones have had sampling done and are in the Atico valley about 10kms from our Cerro Dorado plant. they kept it because it was the most prospective concessions in their minds and when we reviewed the data it was impressive. so look, right now we don’t know how much if any gold is there, but they are in the right valley and early indications are good. we will look to JV the properties out to small-scale Peruvian producers and have them bring any mineralized rock to our plant. that is the peruvian toll milling model. claim, jv, put small scale high grade miners in the property and bring rock to plant. #mny ”

            @Luis – “Tommy regarding cerro dorado we permitted the plant to an effective 125 tpd even while we were closing the acquisition. we have now permitted a new 60 TPD float circuit, a 5 years tailings area, lab and scale etc. this just happened weeks ago. Part of the reason we were keen on the Pacific Alliance Kairos deal is we now get a proven engineering team to start-up cerro dorado.

            We also hired the former plant manager for Inca One to help out at Cerro Dorado along with his proven permitting consulting team. we will look to get going there as soon as we close the Kairos acquisition just lining up all of our ducks. we now have the asset base and team we need + Kairos adds cash flow. optionality on how much we need or don’t need to finance. #mny”

  34. On February 16, 2017 at 8:04 am,
    Karl Bergman says:

    Wow, PPP down for the count again.

    • On February 16, 2017 at 8:05 am,
      Excelsior says:

      See the press release posted at the top of this page as to why.

      • On February 16, 2017 at 8:07 am,
        Excelsior says:

        I posted that the minute it came out, while the markets were still open for after-hours trading hoping traders would jump out before this mornings sell off. Hopefully some escaped the carnage today.

        • On February 16, 2017 at 8:29 am,
          OOTB Jerry says:

          From $8.29 july 2014 to .77cent …….

    • On February 16, 2017 at 8:47 am,
      Matthew says:

      Once I saw that the short sale restriction was in effect (the “up-tick rule”), I started buying. The strike will pass.

  35. On February 16, 2017 at 8:14 am,
    Excelsior says:

    The VIX and UVXY are up today substantially. Hello Volatility…..

  36. On February 16, 2017 at 8:39 am,
    OOTB Jerry says:

    Mad Dog…..tells Russia , we are not ready to come together on military action concerning Syria. zerohedge

    • On February 16, 2017 at 11:54 am,
      Al Korelin says:

      That opinion, in mine, is probably not correct.

  37. On February 16, 2017 at 9:16 am,
    Matthew says:

    My big winner this week is Chibougamau Independent Mines:


    • On February 16, 2017 at 9:17 am,
      Excelsior says:

      Nice bullish engulfing candle. What a rip higher.

      • On February 16, 2017 at 9:29 am,
        Matthew says:

        Great volume, too! 🙂

        • On February 16, 2017 at 3:24 pm,
          Excelsior says:

          … and the MACD cross ….

    • On February 17, 2017 at 10:53 pm,
      Pete says:


  38. On February 16, 2017 at 3:40 pm,
    Randall Palada says:

    If some one else has already covered this…my apologies…but did I hear Al and Chris defending the minimum wage? Give me a break guys are you for a free market or what? Make up your mind. You want a command and control economy? Why did you voter for Trump? The minimum wage is just another example of big govt putting their hands where they don’t belong….you have been hanging around your leftist friends too much Big Al…come on..The left has shown their hand..they want to take this country down