Exclusive Insights on the Gold Market – Wed 9 Aug, 2017

John Kaiser: Reading between the lines of the Novo Resources bulk sample news

Novo Resources has been front and center for resource investors over the past couple months. Yesterday Novo released the results of the first bulk sample from its Karratha gold project. The results were positive and the market took note.

John Kasier joins me today to provide his insights on what these results mean. He helps us ready between the lines and look past the gold nugget impact on the overall results. This is well worth your time if you are an investor or simply watching the stock.

Click here to visit John’s site for more great junior stock coverage.

Click here to read the full news release.

I will be chatting with Quinton this week. If you have any questions for Quinton or I please comment or email me at Fleck[at]kereport.com.

Click download link to listen on this device: Download Show


Featuring:
John KaiserCory Fleck

Comments:
  1. On August 9, 2017 at 1:52 pm,
    Bonzo Barzini says:

    I like Kaiser’s guess of $50 to 100 for NSRPF stock, but is that U.S. or Canadian dollars?
    Why doesn’t NEM get off its duff and offer $5 a share?

  2. On August 9, 2017 at 2:25 pm,
    confused says:

    Novo got crushed today. That’s in a +15$ move in gold today. I wonder what happened?

    • On August 9, 2017 at 9:47 pm,
      Excelsior says:

      @Goldfinger – “Bearish divergences mounting in $NVO as price can’t hold above C$3.20 resistance, next support near C$2.70. Volume decreasing as buyers lose interest above C$3.00”

      http://cdn.ceo.ca/1comkhu-NVO.V_8.9.2017.png

      • On August 10, 2017 at 4:39 am,
        Robert Moriarty says:

        Excelsior:

        Novo has had a hell of a run over the past three weeks and a correction would be perfectly normal and not reflect a lack of confidence in the story.

        I think John Kaiser is over there now or will be shortly. He needs to spend a lot of time talking to Quinton because he has a few things dead wrong.

        Quinton’s theory was that gold would have been in solution 2.7-2.9 billion years ago due to the chemistry of the water. As single cell bacteria grew, they produced oxygen and as they died, their bodies turned into carbon. The oxygen changed the chemistry of the water and gold has an affinity for carbon. Certainly Beaton’s Creek and the Wits show native carbon associated with the highest grade gold.

        But the Hammersley Basin and Wits basin were not connected. The only similarity is that of age. There are six similar basins in the world. Quinton came up with the theory as a grad student and passed it by Newmont almost 15 years ago. They came very close to doing a deal with Mark Creasy back then but it fell through.
        If the theory is correct, the gold in the Hammersly basin precipitated out of solution. In Beaton’s Creek it is very similar to the Wits. At Karratha it is entirely different. I have specimens of the Comet Well gold and if you look closely, the gold is not only cooked by the basalt, as it heated up, it expanded out into the matrix. It looks to me as if that is the origin of the small gold. The nuggets all have small gold around them in a halo. That’s because of the gold swelling as it heated up.

        Mark Creasy and I both believe the gold at Karratha has been chemically remobilized into voids in the shales. The Geo Survey from 1909 supports that conclusion. It couldn’t have been remobilized bacterially, there weren’t the sort of bacteria that concentrate gold back then. But if you go to the Amazon basin it’s common for gold to be chemically remobilized in laterites and the gold gets smaller and smaller as you get into the saprolite material.

        This gold is unique in the world. It has Quinton and most everyone else scratching their heads. I like the small golf but I think the 9 g/t addition to grade is the icing, not the cake. The cake is the 67 g/t nuggets and we already know they can be found in two locations 110 km apart. That’s a very big deal.

        In short, this district is unique and there are many questions. But two ounce gold solves a whole heap of problems. It is similar to the Wits in age but that’s it.

        • On August 10, 2017 at 4:47 am,
          Robert Moriarty says:

          The prospectors using metal detectors were not illegal. Aussieland has a program called 40E that allows prospectors to mine the surface with only hand tools, I think down half a meter. The prospectors in the area are perfectly legal. What they have done and Novo understood was locate the high grade area coming to surface. Novo has overflown the entire area and mapped the nugget holes. That’s some really valuable information.

          • On August 10, 2017 at 5:38 am,
            JohnK says:

            Mr Moriarty:
            Thanks for the clarification about the prospectors being legal. I went back and listened to Mr Kaiser again to see if he had said that and he hadn’t.
            Therefore it must have been an assumption on my part the prospectors were on the ranchers land therefore prospecting illegally.
            With that being said now I wonder if people are allowed to keep prospecting once the ground is staked?

          • On August 10, 2017 at 7:46 am,
            Robert Moriarty says:

            JohnK:

            If you have a permit from the government, you can prospect even claimed ground.

          • On August 10, 2017 at 6:53 pm,
            Excelsior says:

            Thanks Bob M.

            I was just posting our buddy CEO Technician’s chart as potential technical explanation for the pullback. I agree that Novo has had a hell of a run, and this kind of exploration story is what the mining space needed to reinvigorate things.

          • On August 10, 2017 at 6:59 pm,
            Excelsior says:

            I have followed the logic that this Karratha land is likely NOT Wits 2.0, even though they are from the same time period, as this is a dissolved solution with Carbon phenomenon from ocean water. In contrast, it seems more reasonable that Novo’s Beaton’s creek may be similar to Wits though in how the gold was formed . It is a very interesting discovery indeed.

      • On August 10, 2017 at 5:20 am,
        OOTB Jerry says:

        GREAT INFO BOB………appreciate the review……….ootb

  3. On August 9, 2017 at 2:29 pm,
    confused says:

    Bonzo,
    that would suck if NEM bought it. That would be a tiny 2 bager from here…..is extremely depressing for someone who has been in this stock since 2012! I’m happy Sprott is in it and would demand a much higher price than that.

    • On August 9, 2017 at 3:43 pm,
      Bonzo Barzini says:

      I don’t want NEM to buy Novo now but I think they are stupid not to. They will fool around till they have to pay much more.

      • On August 9, 2017 at 7:39 pm,
        David says:

        At one time Newmont owned 30+% and I think the only reason that % dropped is dilution.They may just be happy to have a ton of shares.

  4. On August 9, 2017 at 2:31 pm,
    CFS says:

    Osisko Mining drills two m of 379 g/t Au at Windfall

    2017-08-09 08:43 ET – News Release

    Mr. John Burzynski reports

    OSISKO INTERSECTS 379 G/T AU OVER 2.0 METRES AT WINDFALL

    Osisko Mining Inc. is providing new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in Urban township, Abitibi, Quebec. The current 400,000-metre drill program combines definition, expansion and exploration drilling in and around the main Windfall gold deposit, as well as in the adjacent Lynx deposit located immediately northeast of Windfall. Significant new results from 16 intercepts in 12 drill holes focused on infill and expansion drilling in the Lynx deposit are presented in the table.

    Highlights from the new results include: 379 grams per tonne gold over 2.0 metres (30.7 g/t Au over 2.0 m cut) in OSK-W-17-881; 23.5 g/t Au over 3.0 m in OSK-W-17-898.

    • On August 9, 2017 at 10:07 pm,
      Excelsior says:

      Osisko continues to keep hitting at Windfall. Most investors are starting to take these drill results for granted, because they are cranking them out, but it is impressive.

  5. On August 9, 2017 at 2:34 pm,
    CFS says:
  6. On August 9, 2017 at 3:05 pm,
    CFS says:
  7. On August 9, 2017 at 3:16 pm,
    CFS says:
  8. On August 9, 2017 at 3:58 pm,
    OOTB Jerry says:

    Glad you had John on to discuss Novo………..appreciate

  9. On August 9, 2017 at 5:36 pm,
    JohnK says:

    The Novo Resources story is indeed an interesting one.The story of the rancher seeing the holes from people illegally metal detecting from the Helicopter is classic.
    As it goes this was the same scenario that the Pebble Deposit was initially discovered.As I was told , from the air one could see where the Russians had dug holes prospecting later to be discovered by flying over in an aircraft.

    • On August 9, 2017 at 6:12 pm,
      Dick Tracy says:

      I get nervous when someone starts talking about fly overs in helicopters, isn’t that how BRE-X ended. This couldn’t be, NAH! LOL! DT

      • On August 9, 2017 at 7:10 pm,
        JohnK says:

        DT:
        Looks like someone might be getting ready to put those Marty McFly sneakers in the mail.
        http://stockcharts.com/h-sc/ui?s=KNT.V

        • On August 9, 2017 at 10:18 pm,
          Excelsior says:

          JohnK – It will be curious to see if the production number improve for KNT from here, and if the metals cooperate it could go on quite a run from these levels, as it is bottom-dwelling here.

  10. On August 9, 2017 at 6:55 pm,
    confused says:

    Ah….. if it could only run like Bre-X did!!!

  11. On August 9, 2017 at 8:39 pm,
    GH says:

    Google–ought to go the way of the dodo.

    https://www.youtube.com/watch?v=WSihA_OWexQ

    What are the best alternatives to google?

  12. On August 9, 2017 at 10:38 pm,
    Excelsior says:

    Chris Blasi: Fed Policy to Drive Precious Metals in the Near Term
    Palisade Radio – Aug 9, 2017

    “Chris takes a long term big picture view of the precious metals. We are in a secular bull market than began in 2001, they normally run 20-25 years. This first leg went from 2001-2011, the second leg which was a pullback went from 2012 to the end of 2015, in January of 2016 we began the third leg. There are a number of geopolitical events coming that should result in a robust bull market.”

    “The global economy has not been allowed to correct since 2010. The Fed has continued to pump up new bubbles in both housing and banking. The system will break at some point, many analysts recognize this. We are being setup for a monumental pullback in the not too distant future.”

    “All the currencies of the world have the same underlying problems as the U.S. Dollar There could be short term price pressure if the dollar rallies but the trend indicates that gold will win out.”

    https://www.youtube.com/watch?v=K-HeAsBffvc

  13. On August 9, 2017 at 10:49 pm,
    Excelsior says:

    John Kaiser: “Zinc Prices Have the Potential to Soar”
    InvestingNews – Aug 3, 2017

    “Speaking with the Investing News Network at this year‚Äôs Sprott Natural Resource Symposium, John Kaiser of Kaiser Research shared his thoughts on the resource sector and the companies he is following right now.”

    https://www.youtube.com/watch?v=5tFMVI1Eojk

  14. On August 9, 2017 at 11:44 pm,
    Excelsior says:

    Silver over $17 in overnight trading.

    • On August 10, 2017 at 4:32 am,
      OOTB Jerry says:

      only took it two months……

      • On August 10, 2017 at 4:32 am,
        OOTB Jerry says:

        no excitement till $22

        • On August 10, 2017 at 6:19 am,
          Excelsior says:

          I’ll be excited for my Silver miners for every $1 it rises ūüôā

          However, I agree at $22 Silver will be creating more fireworks.

          • On August 10, 2017 at 6:23 am,
            OOTB Jerry says:

            Good work on the miners……..you have put a lot of info out at ceo., the site is nice, the way they have structured the immediate quotes on subject properties.

          • On August 10, 2017 at 7:02 pm,
            Excelsior says:

            Thanks OOTB. I put out a great deal of info on ceo.ca because I like how relevant info to a commodity, or stock or jurisdiction can be tagged and grouped accordingly. It is much easier there to dig a deep well on one train of thought. I also like how the investors there are focused on really diving deep into the subject matter.

            It’s good to get info from as many sources as possible in my view.

          • On August 11, 2017 at 3:30 am,
            OOTB Jerry says:

            ditto………on “get info from as many sources as possible”…….you do not lose as much money when only dealing with thoughts

    • On August 10, 2017 at 5:13 am,
      OOTB Jerry says:

      Looking good………..

  15. On August 10, 2017 at 4:31 am,
    OOTB Jerry says:

    Gold up on tension …….

    • On August 10, 2017 at 5:38 am,
      OOTB Jerry says:

      NY opens up, which is good for a change…………..jmo

  16. On August 10, 2017 at 5:45 am,
    CFS says:

    Don’t try to tell me the Chinese aren’t working hard on cryptography, especially with regard to cryptocurrencies. They are now more advanced than the US, in my opinion.

    http://news.xinhuanet.com/english/2017-08/10/c_136514705.htm

  17. On August 10, 2017 at 6:01 am,
    JohnK says:

    CFS”
    Interesting.Technology is moving at quite a rapid pace.
    Back to your concerns about Governments and Cryptos,it should be noted that China was the first Country to ban the use of cryptocurrency for commerce within China but it did not restrict their people from owning it.

  18. On August 10, 2017 at 6:12 am,
    CFS says:

    A lot of money was moved out of China using BTC to buy real estate in the US.

  19. On August 10, 2017 at 6:46 am,
    CFS says:

    If you haven’t looked at Shanghai silver this morning…..it’s $18.37

  20. On August 10, 2017 at 6:50 am,
    CFS says:

    And Palladium broke above $900 in London

  21. On August 10, 2017 at 6:55 am,
    OOTB Jerry says:

    @JohnK…….have you listened to Clif Highs take on cryptos?

  22. On August 10, 2017 at 7:11 am,
    Excelsior says:

    Holy Crap! $PPP $P Primero is down by 33% this morning after they released the news on their operational results and their plan to divest Black Fox to $MUX McEwen mining.

    Another big sucker punch in this stock (that was already way undervalued on so many metrics). I sold a few sleep stocks this morning and averaged down one more time, but man this has been painful ūüôĀ

    • On August 10, 2017 at 7:15 am,
      Excelsior says:

      (PPP) (P) Primero Reports Second Quarter 2017 Results
      08-10-2017

      > Q2 2017 Production: Total production of 35,965 gold equivalent ounces, comprised of 11,903 ounces of gold and 0.97 million ounces of silver from San Dimas, and 20,731 ounces of gold from Black Fox, 27% lower than the 49,499 gold equivalent ounces produced in Q2 2016. Consolidated Q2 2017 total cash costs2 were $852 per gold equivalent ounce, with consolidated all-in sustaining costs3 (“AISC”) of $1,262 per gold ounce.

      > San Dimas Phased Restart Underway: San Dimas produced 15,234 gold equivalent ounces (11,903 ounces of gold and 0.97 million ounces of silver) in Q2 2017.

      > Production during the quarter was impacted by a strike related to the renegotiation of the Collective Bargaining Agreement, with operations resuming on April 22, 2017.

      > A phased restart of San Dimas operations has been initiated with overall performance in line with the restart plan during the quarter but slowing in recent weeks with continued labour disruption.

      > Black Fox Outperforms on Higher Than Expected Underground Grade: Black Fox produced 20,731 ounces of gold in Q2 2017, compared to 15,172 ounces in Q2 2016. Underground mining was primarily focused on production from the Deep Central Zone, with underground gold grades averaging 7.09 g/t and a daily average mining rate of 747 tonnes per day (“TPD”) of high-grade ore.

      > All-in sustaining costs of $827 per ounce in Q2 2017 were significantly lower than the $1,362 per ounce realized in Q2 2016. The mine generated positive cash flows during the second quarter of 2017, and remains on track to achieve 2017 production guidance of between 50,000 and 60,000 ounces of gold.

      > Financial Results Impacted by Asset Impairments: The Company recognized a net loss of $300.4 million in Q2 2017 compared to a net loss of $19.4 million in Q2 2016. The net loss incurred in Q2 2017 includes a $285.0 million impairment of the Company’s assets.

      > Adjusted net loss4 was $2.9 million ($0.02 per share) for Q2 2017, compared to adjusted net loss of $3.5 million ($0.02 per share) for Q2 2016. Primero generated operating cash flow before working capital changes during Q2 2017 of $8.4 million ($0.04 per share).

      ** Strategic Review Update: Primero announced today that it has entered into an agreement to sell its Black Fox mine and complex in Timmins, Ontario for $35 million. The Company also continues to explore all alternatives to maximize stakeholder value related to its San Dimas mine in Mexico, including potential strategic investments, joint ventures, revision of the San Dimas Silver Purchase Agreement and a potential divestiture. At this time, there can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.

      “Although we saw an improvement in operations at Black Fox during the second quarter of 2017, the strike action at San Dimas early in the quarter followed by further labour disruptions have weighed on the Company,” said Joseph F. Conway, Interim President and Chief Executive Officer. “I am pleased that we will reduce our total outstanding debt with the sale of the Black Fox mine. However, we still have outstanding debt that matures in November 2017, that will require additional funding or refinancing to repay in full. We have made progress with the Mexican tax authority and have started receiving VAT refund instalments, which has helped to improve our financial position.”

        • On August 10, 2017 at 7:19 am,
          Excelsior says:

          I had considered just rolling all my Primero over to JAG when it had it’s sell off for no real tangible reasons, and in retrospect that would have been a good move.

          On the bright side, (PPP) Primero is one of the most undervalued Mid-Tier Gold producers I’m aware of now, and I like that they’ll be putting their focus on San Dimas exclusively (even though I hate seeing Black Fox leave the fold) and at least they are making progress with the Mexican tax situation and starting receiving refunds.

          • On August 10, 2017 at 7:25 am,
            Excelsior says:

            Mining is such a tough business. 2017 has been kooky on so many fronts with the GDXJ rebalance hitting sentiment and the mid-tiers and larger Jrs, the disconnect between stable to rising metals prices versus the miners, and the Dollar selling off 10% yet the metals & miners largely shrugging that off. Weird times.

            While Blackham, Jaguar, and Primero have all been taken out to the woodshed and had the crap kicked out them…. I still believe in all of them for the mid to longer term. (Especially Blackham and Jaguar).

            On the positive side I was able to peel away nice gains on Novo Resources, Teuton Resources , and Hummingbird Resources recently for large gains, and that bailed out most of the carnage in some of these other gold producers.

            The Silver stocks have actually been much more mild-mannered than some of these Gold stocks in 2017. What a Circus!!

          • On August 10, 2017 at 7:32 am,
            OOTB Jerry says:

            Ditto……..what a circus……..

      • On August 10, 2017 at 8:20 am,
        Excelsior says:

        If anything this gets the debt issue to a more manageable realm with the proceeds from the sale of Black Fox, the impairments they can write down on other assets, and the boost from the Mexican Tax refunds.

        As for whether they can make money, I believe San Dimas has the resource goods as it is a massive deposit, but they need to do a big overhaul of all operations.

        First they need to do good ole’ Exploration to define and replace the reserves they are mining. They did address this a few months ago in a press release and when Joe Conway was on BNN.

        Second they need to optimize the mining and milling operations to bring those costs down – they are way too high at present.

        $P $PPP remind me of where some companies were in 2012 & 2013 where they are bloated and going to need to work quarter after quarter to keep reducing costs, improving Production results, and do some real drilling to show the marketplace they have a big resource and that it’s going to be OK.

        I may be a glutton for punishment, but I added more to my position on this swoon down today, because I enjoy the #TurnAround stories and their ability to get re-rated down the road.

        Sometimes they don’t work out and sometimes they become 3-5 baggers. ūüôā

    • On August 10, 2017 at 9:04 am,
      confused says:

      EX I put a bid in last night for P….thinking it was a super “low ball” and now I own the stock at .37….under water already!!!! This market is nasty right now and any miner who misteps gets crushed. Now I’m shy about buying JAG. I might wait a few days or weeks before buying any. Thats what you get for focusing on life an not stocks. Been busy working on the house readying it for sale. At least its Toronto so that bubble outweighs my P purchases:)

      • On August 10, 2017 at 7:07 pm,
        Excelsior says:

        Good luck in the Toronto real estate marked Confused.

        Yes, this market is rough, but some of that sell off was due to investors just waking up and realizing there was a strike earlier in the year and their production numbers missed guidance. (how that could have been a surprise to anyone is beyond me as it was well telegraphed). The big news was their sale of the Black Fox mine to McEwen Mining. Some investors considered that their future, and bailed. I considered it core, and it was just starting to perform, but San Dimas has always been the flagship asset. Now that is what they got, so they need to work on optimizing operations and bring those costs down and the production up.

  23. On August 10, 2017 at 7:20 am,
    Bonzo Barzini says:

    Matthew,
    PPP has tumbled today after selling Black Fox to MUX for a paltry $35million. MUX gets 60K oz of 2017 gold production for 35 mil with growth coming. Don’t bet against Rob McEwen. Fortunately I own more MUX than PPP.

    • On August 10, 2017 at 7:28 am,
      Excelsior says:

      Bonzo Barzini – see the comments above. Yes, I agree, that was an excellent acquisition by Rob McEwen and MUX of the Black Fox mine from PPP Primero.

      I’m sad to see Black Fox leave their fold, but desperate times call for desperate measures, and at least Primero lives to fight another day with San Dimas.

      McEwen is a very well run company and congrats to MUX holders on picking up a real gem.

      • On August 10, 2017 at 7:43 am,
        Bonzo Barzini says:

        Should I buy more MUX, RPMGF, or NSRPF? Or Auryn which I don’t own yet? And TORXF is getting cheap again too.

        • On August 10, 2017 at 8:02 am,
          Excelsior says:

          Only you can make that call my friend, but you have a good knack for picking quality companies, so I have not doubt you’ll do just fine whatever you decide to do.

          • On August 10, 2017 at 8:03 am,
            Excelsior says:

            Of the list above though….. Auryn seems like an interesting choice if you don’t have any exposure yet, as the stocks that have been outperforming lately are the Advanced Explorers and early stage Developers.

        • On August 10, 2017 at 8:11 am,
          Matthew says:
          • On August 10, 2017 at 8:26 am,
            Bonzo Barzini says:

            I just bought more MUX@2.28. I think they got a steal from PPP. Imagine what Black Fox will be worth if gold goes to 3K. And Los Azules is worth more than what MUX is selling for.

          • On August 10, 2017 at 8:27 am,
            Matthew says:

            Yes, that was a steal.

          • On August 10, 2017 at 8:28 am,
            Matthew says:

            …As well as a lesson to foolish debtors.

    • On August 10, 2017 at 7:59 am,
      Matthew says:

      I don’t recommend buying more PPP at this point but I did (several orders filled so far).

      I didn’t like the Black Fox acquisition to begin with nor all the debt and dilution that came with it and since — which is why I had no exposure to this train wreck while it fell from $8+ to under 80 cents. Now here we are. Leave it to this “experienced” management team to take a bad situation and make it worse.

      JohnK, this is why most investors should look for leverage other than debt when choosing their miners as I said yesterday (I don’t know if you saw that post or not).

      • On August 10, 2017 at 10:22 am,
        JohnK says:

        Mathew:
        I most certainly did get it and I appreciate you taking the time.First thing this morning I was
        working on free cash flows,book values and debt.
        It was also enlightening going back to 1/16 and reading the posts.
        Thanks for all you do.

  24. On August 10, 2017 at 7:20 am,
    JohnK says:

    Hi Jerry:
    I don’t listen to anybody anymore.Well maybe Cory,Mr. T,Bob M. Shad and Mathew.
    Everybody has an agenda these days and they are looking to you to finance it.
    I have listened to Cliff in the past and he is a pretty interesting guy.
    I tend to spend more of my time reading.
    Even I have to be careful with the reading.Here is a quote from the June 2012 Resource Investor by Rick Rule”In fact ,the current drops in the value of mining stocks and precious metals can be viewed as a great buying opportunity.” Opportunity if you had 4 years to wait?
    Here is another forecast.

    https://www.coindesk.com/traders-forks-bitcoin-price-outlook-improves/

    • On August 10, 2017 at 7:38 am,
      OOTB Jerry says:

      John ,
      thanks for the follow up.
      I am in the same boat…….I have my favorites to listen to, and also, do a LOT OF READING.
      My, reason for asking you about Clif, was If you had any thoughts, on what Clif had to say at usawatchdog, concerning the cryptos, vs. gold and silver. And particularly the idea, Clif had concerning cryptos vs silver.
      Btw, have you read ….silver stealers.net?

      • On August 10, 2017 at 7:47 am,
        JohnK says:

        Jerry: I will listen to Cliffs interview with Greg and tell you what I think.
        I have followed Silver Stealers and I have to give you kudos for getting me there.

        • On August 10, 2017 at 7:55 am,
          OOTB Jerry says:

          Thanks , appreciate you taking time………

          • On August 10, 2017 at 10:44 am,
            JohnK says:

            Jerry:
            Thanks for directing me to that interview! It was really enlightening.
            First off Cliff repeatedly talks about the strange energies from space which is what Nicholas Tesla referred to as the ether.Notice that this is the first part of ethereum,I do not believe this is a coincidence.
            From the interview the really exciting news for me was silver.Specifically Silver as the microscopic multi frequency carrier.
            Cliffs projections for Feb 2018 Bitcoin,Gold and Silver are equally fascinating. Doc,and many others have been calling for 2018 to be the year of the start of the Bull run in Precious Metals,Once the PM’s go so will the Crypyos.
            Cliffs call that the Cryptos will liberate Silver is just as exciting.
            Cliff mentions Buckminster Fuller ,inventor of the Geo Dome and another really smart guy. “Bucky’s” calls on Gold are to be respected.
            Thanks again Jerry for bringing this to my attention.

          • On August 10, 2017 at 11:00 am,
            OOTB Jerry says:

            John,
            Glad you found Cliff’s interview informative.
            I thought he gave some really interesting info,… going forward, which is a little different from the same old story from the last few years.
            I do think some of the gurus, are behind the times, as far as crytos are concerned.
            Again, thanks for review the video……….ootb

          • On August 10, 2017 at 11:26 am,
            JohnK says:

            Jerry:
            You are so right and your comment about the cat being out of the bag was spot on.
            This Bitcoin thing has not been easy for me as I’ve had to come out and disagree with others that I maintain a very high level of respect for.
            I did not ever envision myself defending Cryptos on the K E Report.
            I am always glad to share what little bit I do know and very appreciative of the others that do the same. Cheers.

          • On August 10, 2017 at 12:56 pm,
            OOTB Jerry says:

            Cheers…….

          • On August 10, 2017 at 7:10 pm,
            Excelsior says:

            JohnK and OOTB, I appreciate the input from you both on topics like cryptos that I know very little about still. Trying to learn a little every day. Thanks!

          • On August 11, 2017 at 4:22 am,
            OOTB Jerry says:

            My pleasure……and thank you…!

  25. On August 10, 2017 at 8:17 am,
    Silverdollar says:

    With the Korean problem still in the news today, here’s an opinion piece I found worth reading: http://www.marketwatch.com/story/a-new-missile-crisis-is-here-and-trump-is-no-jfk-2017-08-10
    Personality wise, Kim and Trump are too much alike in my book. Both love the bombastic rhetoric more than I’m comfortable with…….
    Saw another article (can’t find it for posting) where a Baptist minister stated that God gave Trump permission to bomb Kim and his minions. Let’s home Trump doesn’t believe that one. Guys like that give Christians a bad name in my book!

    • On August 10, 2017 at 8:22 am,
      Bonzo Barzini says:

      I think Kim is much more like Hillary than Trump. Kim and HRC are short, fat, obnoxious tyrants in pantsuits.

      • On August 10, 2017 at 8:32 am,
        OOTB Jerry says:

        good one BB

      • On August 10, 2017 at 8:33 am,
        Dick Tracy says:

        Kim definitely resembles Hillary in his mantyhose, I wouldn’t want to see him in a red speedo or her in a string bikini. LOL! DT

    • On August 10, 2017 at 8:29 am,
      OOTB Jerry says:

      the Baptist minister is a little off his path

  26. On August 10, 2017 at 8:20 am,
    Silverdollar says:
  27. On August 10, 2017 at 8:41 am,
    Excelsior says:

    AMERICAS SILVER CORPORATION REPORTS SECOND QUARTER 2017 FINANCIAL RESULTS AND  APPOINTMENT OF NEW DIRECTOR 
    August¬† 9,¬† 2017‚ÄĒAmericas¬† Silver¬† Corporation¬† (TSX:¬† USA)¬† (NYSE¬†:¬† USAS)¬†

    “‚ÄúThe¬†Company¬†had¬†a¬†strong¬†second¬†quarter,¬†generating¬†net¬†income¬†and¬†strong¬†operating¬†cash¬†flow¬†from¬†our¬† operations¬† despite¬† low¬† silver¬† prices,‚Ä̬† said¬†Americas¬†Silver¬†Corporation¬†President¬†and¬†CEO¬†Darren¬†Blasutti.¬†‚ÄúWe¬†expect¬†Nuestra¬†Senora¬†to¬†continue¬†producing¬†until¬†the¬†end¬†of¬†the¬†third¬†quarter¬†while¬†San¬†Rafael¬†transitions¬†from¬†a¬†development¬†project¬†into¬†a¬†producing¬†mine¬†in¬†the¬†fourth¬†quarter.¬†Fiscal¬†2018¬†is¬†shaping¬†up¬†to¬†be¬†the¬†most¬†exciting¬†year¬†in¬†the¬†Company‚Äôs¬†history¬†as¬†San¬†Rafael¬†commences¬†commercial¬†production.‚Ä̬†

    http://www.americassilvercorp.com/i/pdf/nr/nr20170809.pdf

    • On August 10, 2017 at 8:44 am,
      Excelsior says:

      not sure what happened there, but here is what should have posted:

      ‚ÄúWe expect Nuestra Senora to continue producing until the end of the third quarter whe San Rafael transitions from a development project into a producing mine in the fourth quarter. Fiscal 2018 is shaping up to be the most exciting year in the Company‚Äôs history as San Rafael commences commercial production.‚ÄĚ

  28. On August 10, 2017 at 8:57 am,
    Bonzo Barzini says:

    PPP bought Black Fox for $220 million and sells it for $35 mil. to MUX. Rob Mc has pulled another rabbit out of the hat. I bought more MUX today@2.28 I wanted more Rye Patch but it is so hard to buy as it trades such a small volume. MUX is easy to trade.

  29. On August 10, 2017 at 8:59 am,
    CFS says:

    Facebook Steps Up Video Ambitions With Watch
    Associated Press – 20 minutes ago
    NEW YORK (AP) ‚ÄĒ Facebook is launching a new section dedicated to live and recorded video.

    It’s a potential threat to Twitter, YouTube, Netflix and other services for watching video.

    People already watch a lot of videos on Facebook, but mostly when they scroll down their main news feed. Although there has already been a special video section, it mainly showed a random concoction of “suggested” videos.

    Facebook’s new Watch section builds on this. The idea is to let people find videos and series they like, keep up with them as new episodes air, and interact with other fans in the process.

    It is available to some U.S. users Thursday, and more people will get it over time.

  30. On August 10, 2017 at 9:11 am,
    Excelsior says:

    (BHS) Bayhorse Silver Inc ‚Äď Ore-Sorting Results Establishes 2.5 Oz/t Cut-Off Grade, Silver Upgrade Of 275%, Rejects 86% Mass

    August 10, 2017

    Bayhorse CEO Graeme O‚ÄôNeill comments ‚ÄúAssigning a cut-off grade is an extremely important step in establishing a mine. A 2.5 oz/t cut-off is an excellent number as the lower the cut-off the greater the potential mining recovery and the 86% rejection of the mass is far better than expected‚ÄĚ. ‚ÄúAs the Company is planning on a 100 ton/day operation, rejecting 86% of the mined material at the Ore-Sorter means it only has to further upgrade that 14 tons mineralization per day to the proposed direct shipping grade. We believe the Ore-Sorter is going to play a significant role in reducing crushing and processing operating costs‚ÄĚ.

    http://www.bayhorsesilver.com/ore-sorting-results-establishes-2-5-ozt-cut-off-grade-silver-upgrade-of-275-rejects-86-mass/

  31. On August 10, 2017 at 9:16 am,
    CFS says:
  32. On August 10, 2017 at 9:32 am,
    george says:

    Artemis is now listed on the American exchange.

  33. On August 10, 2017 at 10:14 am,
    george says:

    Correction. Artemis is now listed on the Austrian market,not theAmerican exchange.

    • On August 10, 2017 at 7:12 pm,
      Excelsior says:

      I was wondering about that comment above. Thanks for clarifying George.

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