John Kaiser Exclusive – Thu 24 Aug, 2017

Worries about the markets and an updated from a Novo site visit

John Kaiser, Editor of Kaiser Research, shares some of his worries for the US equity markets. We then step back and look how story stocks such as Novo would be impacted by a market fall. John recently spent a couple days on the Novo properties in Karratha. He is still very optimistic.

I am a shareholder (John is not a shareholder but the Company is a recommendation) and Novo is a sponsor on the site.

Click here to visit John’s site for more great info on junior resource companies.

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John KaiserCory Fleck

  1. On August 24, 2017 at 10:05 am,
    Silverdollar says:

    If you missed Novo, maybe you can make up with Americas Silver: They’re drilling some spectacular property also:

    • On August 24, 2017 at 10:18 am,
      Excelsior says:

      Agreed. Bring it on Americas Silver….. San Rafael coming on line and ramping up over the next few months will be a game changer for (USA) (USAS).

      I expect 2018 to really be the year where the blow it out in a big move upwards. Their AISC in 2018 is targeted to be around $3-$4 due to all the Zinc & Lead credits.

      • On August 24, 2017 at 10:52 am,
        Excelsior says:

        “We are very encouraged by the initial success of this drilling,” said Darren Blasutti, President & CEO of Americas Silver Corporation. “Not only did the infill drilling increase the confidence of the existing resource at Zone 120, but the step out drilling to the southern extension confirms our geologists view of a larger, more robust system which could extend to the El Cajón deposit.”

        “Silver-copper mineralization is hosted in limestone adjacent to a large intrusive and related dikes which underlies most of the area shown in the map above, including the approximately 500 meter unexplored gap between Zone 120 and El Cajón. Mineralization occurs in discreet horizons and lenses of tetrahedrite and chalcopyrite localized in structural traps created by dikes and contact irregularities of the intrusive. Additional drilling in 2017 is planned to extend and further define the mineralization as well as to support economic and technical studies aimed at evaluating potential development scenarios. The potential project will benefit from its close proximity to the San Rafael deposit, currently in development.”

        Highlights of the program include:

        Step-out hole SR-396 with 61.4 meters grading 306g/t Ag, 0.23g/t Au and 0.79% Cu (412g/t AgEq) including 5.9 meters of 932g/t Ag, 0.82g/t Au and 1.94% Cu (1,213g/t AgEq) plus another interval of 9.4 meters grading 479g/t Ag, 0.29g/t Au and 1.07% Cu (622g/t AgEq)
        Step-out hole SR-401 with 39.6 meters grading 205g/t Ag, 0.28g/t Au and 0.53% Cu (289g/t AgEq) including 11.4 meters of 473g/t Ag, 0.68g/t Au and 1.20% Cu (659g/t AgEq)

        Infill hole SR-391 with 22.81 meters grading 138g/t Ag, 0.22g/t Au and 0.37% Cu (196g/t AgEq2) including 4.0 meters of 460g/t Ag, 0.20g/t Au and 0.88% Cu (575g/t AgEq)

        Infill hole SR-392 with 18.1 meters grading 113g/t Ag, 0.08g/t Au and 0.17% Cu (138g/t AgEq)

  2. On August 24, 2017 at 10:13 am,
    Ugly but proud says:

    Johnny kieser: Please keep your beta male politics to yourself. Brent cook too.

  3. On August 24, 2017 at 10:27 am,
    Excelsior says:

    Artemis Resources, One Man Band and Flavor of the Week

    Bob Moriarty – Aug 23, 2017

    “Now if we go to the Artemis Resources’ website, we can see that Novo’s JV partner at Karratha is in the gold business. And base metals, and platinum and platinum group elements and antimony and iron ore and last but hardly least, graphite in Greenland. But the website could use a makeover because I think they dumped the graphite in Greenland venture last year. And I forgot, it’s not covered on their website but the latest flavor of the week for Artemis is cobalt and of course, nickel and if you count the resource at Mt Clement, silver. And operating some sort of mill.”

    “Two months ago Artemis had a market cap of about $20 million Aussie. Now they may well believe they have the bandwidth to support gold and silver exploration, platinum exploration, base metals exploration, antimony exploration, iron exploration, cobalt and nickel exploration and graphite in Greenland but nobody in the market gave them any credibility.”

    “While they actually identified the gold at Purdy’s Reward as being possible a Wits type deposit in February, there wasn’t anyone in the company who understood what that might mean. And when Novo stakes a whole bunch of ground and releases a brilliant set of assays, Artemis doesn’t even have a single geologist in the company who knows enough about the Witwatersrand gold to know that there was no watermelon seed gold found in the Wits. The gold was far smaller than the nuggets found at Purdy’s Reward.”

    “No newsletter writer in the world would take such a company seriously. Nobody in geology could possibly do justice to that many different minerals. Flavor of the month companies always fail…”

  4. On August 24, 2017 at 10:28 am,
    JohnK says:

    While doing some DD I came across these charts of Magnesium.Hardly ever mentioned.the charts look pretty healthy.

    • On August 24, 2017 at 10:32 am,
      Excelsior says:

      Nice JohnK.

  5. On August 24, 2017 at 10:31 am,
    Excelsior says:

    @Goldfinger – “Surging EV metals demand:”

    $aluminum $cobalt $copper $graphite $lithium $nickel $manganese

  6. On August 24, 2017 at 10:34 am,
    Excelsior says:

    @engineer – “LME zinc stocks August 24th -125t to 246,525t from 246,650t August 23rd. Day 27 of consecutive LME Zn inventory drops.”

    Visualized at Kitco:

    • On August 24, 2017 at 10:56 am,
      JohnK says:

      Nice chart Shad:
      This is something that is going to take a while to reverse. I just started a new position in IZN.
      They just finished up sampling on their new Indy Zinc Project.

      • On August 24, 2017 at 11:31 am,
        Excelsior says:

        Yes, I’m familiar with them and just found out today that they’ll be featured at the up coming Metals Investor Forum. I’m already pretty stocked up on Zinc companies at present, but I wish them well on exploring their project.

        Fun times!

  7. On August 24, 2017 at 10:54 am,
    b says:

    Speaking of history, this is funny.

    Two days before Lincoln’s inauguration as the 16th President, Congress, consisting only of the Northern states, passed overwhelmingly on March 2, 1861, the Corwin Amendment that gave constitutional protection to slavery. Lincoln endorsed the amendment in his inaugural address, saying “I have no objection to its being made express and irrevocable.”

    Quite clearly, the North was not prepared to go to war in order to end slavery when on the very eve of war the US Congress and incoming president were in the process of making it unconstitutional to abolish slavery.

    I guess one thing black people have had on their side from the beginning is the constitution is meaningless.

  8. On August 24, 2017 at 10:58 am,
    JohnK says:

    I think your Canadian correct?

  9. On August 24, 2017 at 11:08 am,
    b says:

    I am.

    • On August 24, 2017 at 11:20 am,
      JohnK says:

      You have out done your self this time “The Constitution is Meaningless”

  10. On August 24, 2017 at 11:11 am,
    Matthew says:

    Silver is down and the silver miners are up. This is just the change in behavior I was expecting.

    SILJ priced in SLV:

    • On August 24, 2017 at 11:33 am,
      Excelsior says:

      Yeah I noticed a lot of green on my screen today for the miners even though the metal were hum-ho. That’s a good sign.

    • On August 24, 2017 at 2:14 pm,
      spanky says:

      One day does not a trend make.

      Also, nothing goes down in a straight line.

      • On August 24, 2017 at 3:30 pm,
        Excelsior says:

        Agreed. Also, nothing goes UP in a straight line.

        On Jan 19th, 2016 the Precious Metals miners bottomed (after Gold had double-bottomed in late December 2015).

        The surge up in metals and the miners in 2016 broke above a number key prior resistance peaks and troughs from years before, and blasted up through a number of key Moving Averages that hadn’t been taken out in years during the Bear market. That was the tectonic shift in the trend, and the bell ringing that Bear market was finally over and the Baby Bull had been born.

        Since the last Summer highs in August those massive gains have been digested and things have consolidated back sideways to down over the last year.

        Now the next leg of the bull market is getting ready to begin, precisely at the time of year that is seasonally strongest for Gold & Silver if you look at at 20 year chart from 1996 – 2015. (2016 of course being an outlier year with the trend reversal).

        When we start seeing days like today where the miners still advance even when the metals are sluggish/down, then that is a constructive signal. We’ll need to see more than just one day as you mentioned, but we haven’t seen this kind of bifurcation since the first quarter.

      • On August 24, 2017 at 5:51 pm,
        Matthew says:

        Spanky, leave it to you to miss the writing on the wall and see bearishness where there is none.
        But you are correct about trends and straight lines! 😉

        • On August 25, 2017 at 7:45 am,
          spanky says:

          Today silver is up and silver miners are down. Just the change in behavior I was expecting.

          • On August 25, 2017 at 8:10 am,
            Matthew says:

            And when the metals spiked down this morning, my portfolio gave up nothing. Black candles dude, black candles! Ahhhh! lol

          • On August 25, 2017 at 8:29 am,
            Excelsior says:

            (???) SIL and SILJ are both up today Spanky.

            Many Silver miners are racing higher today. Here are a few so far this morning, and if PMs close higher to end this weekly candle I bet more will end positive:

            Ticker Symbol / Silver Mining Company Name ? % Chg
            SDR.V Stroud Resources Ltd. +50.00%
            SSE.V Silver Spruce Resources Inc. +9.09%
            AUN.V Aurcana Corporation +8.51%
            WRM.AX White Rock Minerals Ltd +7.14%
            IPT.V IMPACT Silver Corp. +6.45%
            MMG.V Metallic Minerals Corp. +5.36%
            GRG.V Golden Arrow Resources Corporation +5.26%
            USAS Americas Silver Corporation +4.45%
            MYA.V Maya Gold and Silver Inc. +3.45%
            DEF.V Defiance Silver Corp. +3.13%
            BTT.V Bitterroot Resources Ltd. +2.56%
            SCZ.V Santacruz Silver Mining Ltd. +2.50%
            AG First Majestic Silver Corp. +2.26%
            BCM.V Bear Creek Mining Corporation +2.25%
            DV.V Dolly Varden Silver Corporation +1.47%
            SSV.V Southern Silver Exploration Corp. +1.41%
            SVE.V Silver One Resources Inc. +1.25%
            GPL Great Panther Silver Limited +1.14%
            EXK Endeavour Silver Corp. +0.45%
            PAAS Pan American Silver Corp. +0.66%
            AXU Alexco Resource Corp. +0.35%
            SVM.TO Silvercorp Metals Inc. +0.29%
            FSM Fortuna Silver Mines Inc. +0.22%
            MAG.TO MAG Silver Corp. +0.19%

  11. On August 24, 2017 at 11:13 am,
    b says:

    Thats a pce of a PCR article, It gets interesting when he talks about american people being lied to for 150 years and that makes it hard for people to see truth.
    Truth is always a shock to discover.

  12. On August 24, 2017 at 11:27 am,
    OOTB Jerry says:

    Some people do not know anything about 9/11

    • On August 24, 2017 at 12:11 pm,
      b says:

      The “conspiracy theory” idea worked well.

  13. On August 24, 2017 at 11:32 am,
    OOTB Jerry says:

    Great comments on NOVO….thanks for sharing……..

    • On August 24, 2017 at 12:49 pm,
      Robert Moriarty says:

      On Novo:

      One thing that virtually everyone is missing has to do with Banded Iron Formations. Where you have these 2.7-2.9 billion year old basins you always have banded iron formations. With no debate everyone agrees the banded iron precipitated out of salt water in the presence of oxygen from single cell creatures.

      If the Hammersley Basin, Pilbara region is host to one of the largest and richest banded iron formations in the world, doesn’t it also logically follow that the gold did the same thing?

  14. On August 24, 2017 at 4:10 pm,
    David says:

    Thanks for all the comments about Novo. Sounds like if any of you have shares, you need to sell them so others can buy them.

  15. On August 24, 2017 at 4:43 pm,
    Excelsior says:

    Rye Patch Gold Reports Q2 2017 Financial Results
    @newswire on August 24, 2017

    The following update is provided for the Company’s flagship Florida Canyon mine in Nevada. All amounts are shown in U.S. dollar unless otherwise noted.

    Poured first gold from the new South Heap Leach Pad at the end of April 2017;

    Completed phase one of the new leach pad with ore stacking on portion 1B ongoing;

    Stacked 560,000 tons of ore during Q2;

    Improved strip ratio from 2.80:1 in Q1 to 1.25:1 in Q2;

    Increased crusher through-put, with crusher out-performing plan by 20 to 40 percent;

    Improved availability and utilization of the haulage fleet;

    Increased carbon plant efficiencies after rebuilding kiln and replacing acid wash plant;

    Mined and processed ore grades within five to 10 percent of modelled tons and grade;

    Completed leach pad audit which showed gold recovery within one percent of modelled recoveries;

    Recruited mine operators and technical staff to build workforce to near 100 percent capacity;

    Sold 100 percent of gold produced into the forward sales contract at $1,275 per ounce of gold, and;

    Purchased four 785C haulage trucks for $3.67 million, augmenting the current fleet and enabling planned production increases.

    At the end of the period the Company had cash and cash equivalents of Cdn.$22 million and had drawn down Cdn.$28.9 million of its credit facility.

  16. On August 24, 2017 at 7:57 pm,
    Excelsior says:

    Novo Responds to Recent Public Media Regarding Artemis Resources Limited

    @nasdaq on August 24, 2017

  17. On August 25, 2017 at 3:13 am,
    Wolfster says:

    Even Cuban is a believer in crypto now that he has found a way to invest in the ground floor of one.

  18. On August 25, 2017 at 7:42 am,
    Excelsior says:

    60 Minutes with Jonathan Fitzgerald, Chairman, Anaconda Mining (ANX) (ANXGF)

    by @Newton on August 25, 2017

    “We’re excited by the opportunity to work with a very strong management and operations team at Anaconda and we intend this transaction to be one of several more to come. This transaction sets the corner-stone for a much better business as it combines complementary assets with strong management and exemplary corporate governance. This is a story that we’d like to see evolve substantially over time. We’re looking at the next three to five years, not the next three to five quarters.”

    “The Nova Scotia mining scene was waiting for someone to serve as a catalyst… and that catalyst was Atlantic Gold. In a short period of time, the Nova Scotia mining scene went from moribund to highly active. Resource Capital Group acquired Dufferin from its creditors and added the Tangier and Forest Hill mines. Osprey Gold acquired the Goldenville deposit and followed with the acquisition of Lower Seal Harbor, Gold Lake, Miller Lake and, most recently, the Caribou gold mine. NS Gold continues to own and support its Mooseland project, though it does not possess the acquisition ambitions of the others.”

    “Atlantic Gold’s leadership came at a time when the junior resource sector was gaining some stability after many years of weak investor interest and poor liquidity. This brought renewed attention to Nova Scotia gold mining. With this attention came ambition, capital and competition to acquire assets.”

    “I wish I had moved quicker and with greater ambition, but that sentiment comes with the knowledge of hindsight. Our analysis suggested that Goldboro had the best combination of grade, known resource and resource growth potential in the region.”

    “Much of the excitement is still to come. We have a lot of ambition for this business.”

  19. On August 25, 2017 at 7:58 am,
    Excelsior says:

    Santacruz Silver Reports Second Quarter 2017 Production Results
    August 24, 2017 — Santacruz Silver Mining Ltd. (SCZ) (SZSMF)

    * Q2 Highlights:
    – Silver equivalent produced ounces of 270,569;
    – Head grade of 207 Ag Eqv. g/t;
    – Improved silver recovery at Veta Grande

    “At Rosario, production quarter over quarter has seen improvements as we transition from mineralized material from development to actual producing stopes at the Membrillo and Cinco Estrellas mines. In addition to this, the Veta Grande mine development has now reached Level 6, and mill recoveries have improved aiming to reach the targeted levels for silver during Q4” stated Arturo Préstamo, CEO of Santacruz adding, “The addition of Membrillo and Cinco Estrellas as feeders to the Rosario Mill has increased the gold content within our Rosario produced concentrates, while higher silver grade areas are now being accessed as the main Membrillo vein starts contributing to Rosario’s mill feed.”