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
https://www.youtube.com/watch?v=o4sRdTe0J0I
Nige on LBC.
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.
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
Silverdollar, that is a weekly chart (each candlestick represents one week). Here’s a daily one:
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=0&mn=7&dy=13&id=p17127381706
We don’t need a Dept. of Labor or a Dept. of Education.
Amen!
I am not implying that I disagree, but I would like to read your rationale.
Thanks Bonzo
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
You caught it… I should have refreshed the page before posting above.
That’s OK sir. Hope you don’t mind that I have bookmarked some of your great charts.
No, I don’t mind at all – I’ve lifted a chart or two myself. 😉
(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
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.”
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.”
http://www.newswire.ca/news-releases/capstone-mining-2016-financial-results-613879883.html
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!
That referred to PPP
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.
Sierra metals : DBEXF
Sierra, I would say-Fully priced at these levels
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.
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
SVBRF RUNNING NICELY
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:
http://teuton.com/wp-content/uploads/2015/05/Intermediate_001-2-1-723×1024.png
Oh yeah, just saw your last line, yes Silver Bear has been stronger than I expected lately.
(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.”
Speaking of Cobalt…..
Look at this chart of the price action in Cobalt over this last year. Holy cow!!
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.”
The Three Groups Attacking Trump & Freedom
Thanks Markedtofuture, Is Dave worth listening to? He seems like a pretty sharp guy.
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.
THIS IS THE REAL SCANDAL THAT MUST BE INVESTIGATED.
Not the fake news of Russian interference of election results.
Schumer is raising red herrings.
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!
We now live in a Big Brother State:
The NSA is OUT OF CONTROL.
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.
The Swamp gets worse, every time I dig a bit deeper.
A different take on the Flynn resignation. And the lame stream media is exposed….
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.
You bet, CFS. There’s some links in there that will connect some dots.
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.
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
http://video.foxnews.com/v/5324975986001/?playlist_id=930909813001#sp=show-clips
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.
http://www.zerohedge.com/news/2017-02-15/public-should-demand-see-michael-flynn-transcript
Mika…….the mole….neocon
MSNBC…..is as bad as CNN
Thanks Markedtofuture,
What is going on in the media and govt. is a real shame.
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!
Big brother is the artificial god!
Ephesians 6:12
Does the name “Baal” ring a bell?
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
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:
ALS.TO, EMX.V, AMI.TO, SMD.V, GMX.TO, MRO.V, MD.V, GZZ.V, RZZ.V, MLN.V
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
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.
Speaking of Millrock……
(MRO) (MLRKF) Millrock Resources Inc.
Metals Investor Forum January 2017: #VIDEO #ProspectGenerator #Gold #Copper
Maxim for EX & Matthew: Whatever you think about you bring about, Whatever you focus on grows! Great work, Guys!
Thanks Marty. Lots of miners are growing these days 🙂
Is Darnley bay on your zinc list.?
http://www.stockhouse.com/news/newswire/2017/02/15/zinc-s-time-to-shine
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.
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
Lot’s of discussion again today about Darnley Bay on ceo. I guess I’ll need to look at this more closely….
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 **
ADVENTUS ZINC CORP
ALARA RESOURCES
ALTAIR RESOURCES INCORPORATED
AQUILA RESOURCES INC
ARIZONA MINING INC
ASCENDANT RESOURCES
AURELIA METALS
AVRUPA MINERALS LTD
BOLIDEN AB
CALLINEX MINES INC
CAMROVA RESOURCES
CANADA ZINC METALS CORP
CANADIAN ZINC CORPORATION
CHIEFTAIN METALS CORP
CONSOLIDATED ZINC
CONSTANTINE METAL RESOURCES LTD
DARNLEY BAY RESOURCES
EMERITA RESOURCES
ENERGIA MINERALS
FORAN MINING CORPORATION (NEW)
GLENCORE XSTRATA PLC (ST HELIER)
GOLDEN RIM RESOURCES
GPM METALS INC
GREAT BEAR RESOURCES
GTA RESOURCES
HERON RESOURCES LIMITED HRR
HUDBAY MINERALS INC
INDEPENDENCE GOLD N.L.
INZINC MINING LTD
IRONBARK ZINC LTD
IVANHOE MINES LTD
KARMIN EXPLORATION
KAZAKHMYS LTD
KOOTENAY ZINC
LUNDIN MINING CORORATION
MACPHERSONS RESOURCES
MARGAUX RESOURCES LIMITED
MARINDI METALS
METALICITY LIMITED
METALS AUSTRALIA
MURCHISON MINERALS
NEVADA ZINC CORP
NEVSUN RESOURCES LTD
NYRSTAR NV
OROSUR MINING INC
OVERLAND RESOURCES
PACIFIC RIDGE EXPLORATION
PALAMINA CORP
PASINEX RESOURCES LTD
PNX Metals
RATHDOWNEY RESOURCES
RED RIVER RESOURCES
ROCKCLIFF COPPER CORP
ROX RESOURCES LIMITED
SLAM EXPLORATION LTD
SOLITARIO EXPLORATION & ROYALTY CORP
STAR MOUNTAIN RESOURCES INC
TARANIS RESOURCES INC
TECK RESOURCES LTD
TELSON RESOURCES
TERRAMIN AUSTRALIA LTD
THUNDERSTRUCK RESOURCES LIMITED
TINKA RESOURCES LTD
TREVALI MINING CORP
TRILOGY METALS INC
VARISCAN MINESariscan Mines
VEDANTA LTD
VENDETTA MINING CORPORATE
VENTUREX RESOURCES
YORBEAU RESOURCES INC
ZAZU METALS CORPORATION
ZINC ONE RESOURCES
ZINCORE METALS INCORPORATED
Off Topic:
More on the 9th circuit idiocy:
http://www.hoover.org/research/flawed-restraining-flawed-order?utm_source=hdr&utm_medium=email&utm_campaign=2017-02-13
Surprisingly good article coming from Stanford. Thanks CFS
Those comments above were from a Professor at Stanford U. Law School
Worth listening to:
http://podbay.fm/show/589864479/e/1487132443?autostart=1
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.
PREIBUS is a SWAMP CREATURE> HE HAS TO GO.
Some have said that…….
The swamp creatures just can not help their little old souls….. deep state, deep darkness
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!”
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.
More Flynn:
https://www.youtube.com/watch?v=4uW5Fu-um_I
Ira Epstein Metals Close TA
https://youtu.be/9ta1yWZuANY?t=31
Trump on Flynn:
Just a side distraction at this point……
“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
Interestingly enough Mr. Galbraith, I have many friends who are not impoverished and the majority of them care deeply about those in need.
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)
https://www.equities.com/news/four-extraction-companies-that-top-this-fund-manager-s-list
From Russia With Love?
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.”
Do not tell the deep state ……..next they will be going after the gold of Kyrgyzstan
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.
A govt. with a logical mind……….
Refreshing isn’t it…. and from an ex-Soviet country no less…..
i think they get it………
Some leaders are smarter than others, Excelsior!
I can see European buying of gold as a movement by individuals to safety.
Kind of like the Korelin Family, CFS
$18.10 …..silver over night……..looks like it wants to go higher ….the death grip is on…………..THE CLAW
Silver is clawing it’s way higher, little, but little……
Gold:Silver ratio returning closer to mean…..
Silver should be $22.50…….with a 55 to 1 ratio…….silver is a screaming buy…..jmho
It will be by year’s end.
hope so………..hope it blows by that and goes over 30
Mean? It’s gonna get downright nasty.
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.”
ration = ratio
“Inflation is picking up around the globe, and it’s not “transitory” this time.”
Silver and Inflation
https://oneradionetwork.com/archive/trader-scotts-market-blog-silver-inflation-february-14-2017/
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
I have a lot of respect for the folks at Kitco. I do believe that truly knowledgeable people should only be used for opinions.
I agree, on using “truly knowledgeable people.”
http://freebeacon.com/national-security/iran-warns-trump-disclosing-secret-iran-deal-documents/
Today is “Immigrants Stay at Home” Day.
Is there any truth that tomorrow will be “Fire an Immigrant Day”?
MONTAN MINING ANNOUNCES TRANSFORMATIVE AGREEMENT TO
ACQUIRE PRODUCING PROCESSING PLANT IN NORTHERN PERU
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
project.
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+.
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
Here is the brand new Corporate Presentation for Montan Mining:
http://montanmining.ca/pdf/MNY%20Corporate%20Presentation%20-%20Q1%202017%20vWEBSITE.pdf
Impressive.
@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”
Wow, PPP down for the count again.
See the press release posted at the top of this page as to why.
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.
From $8.29 july 2014 to .77cent …….
Once I saw that the short sale restriction was in effect (the “up-tick rule”), I started buying. The strike will pass.
The VIX and UVXY are up today substantially. Hello Volatility…..
Mad Dog…..tells Russia , we are not ready to come together on military action concerning Syria. zerohedge
That opinion, in mine, is probably not correct.
My big winner this week is Chibougamau Independent Mines:
http://stockcharts.com/h-sc/ui?s=CBG.V&p=W&yr=2&mn=0&dy=0&id=p10714676555&a=493422566
Nice bullish engulfing candle. What a rip higher.
Great volume, too! 🙂
… and the MACD cross ….
:0
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
Some more thruth from Nigel Farage….Enjoy.
http://www.zerohedge.com/news/2017-02-15/nigel-farage-warns-european-parliament-youre-bigger-shock-2017