Richard Postma - The Doctor Is In – Mon 11 Sep, 2017

Hurricane Cleanups, Trump Spending Money, and a Long Term Outlook for Metals

With markets bouncing back today and the metals selling off Doc and I look at some more fundamental points that could drive metals and possibly even help the average American. We still have no idea about the total cleanup costs from Harvey and Irma but it does present an opportunity for Trump to get some spending initiatives underway. Let’s see how it all plays out.

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Comments:
  1. On September 11, 2017 at 9:57 am,
    confused says:

    Ex + Matt,
    I’m looking at a uranium play called Anfield Resources and noticed that their CEO owns about 10 million common and warrants. Their land package, and mill look very promising. More importantly, their share price has been absolutely destroyed this year! Have either of you had a chance to research and buy this issue? Looks cheap right now!!!

    • On September 11, 2017 at 10:20 am,
      Matthew says:

      I don’t follow that one but it technically looks like it could meander sideways for quite awhile longer. The share structure, recent financing, and the fact that it is not a gold/silver play are probably the main reasons for that technical appearance.

      http://anfieldresources.com/anfield-resources-inc-announces-closing-of-3-1-million-private-placement/

    • On September 11, 2017 at 10:22 am,
      Matthew says:

      That’s a lot of paper for a C$8M company…

      http://anfieldresources.com/snapshot/

      • On September 11, 2017 at 1:57 pm,
        Excelsior says:

        It was a difficult market to do financing in with prices in the basement.

        When they get their production started, they’ll do just fine, (providing they secure at least some longer term off-take contracts on some of their production, like Ur-Energy and Peninsula Energy hold).

        • On September 11, 2017 at 2:18 pm,
          Matthew says:

          Just keep in mind that a company can do fine even while its shareholders suffer.

          • On September 11, 2017 at 3:58 pm,
            Excelsior says:

            Agreed, and the opposite is also true as there are often times investors can pick up a quick scalp and nice percentage return even as a company suffers.

            In this case, if investors position around these prices the suffering should stay to a minimum as they are getting in as things bounce along the bottom.

            Bottoms Up! 🙂

        • On September 12, 2017 at 7:06 am,
          confused says:

          Ex+Matt, thanks for the info on Anfield. I’ve been buying it recently and wanted your inputs. It is a safe-ish/cheap lottery ticket if uranium ever wakes up!

          • On September 12, 2017 at 9:02 am,
            Excelsior says:

            Agreed. Whenever the Uranium market wakes up so many stocks are going to blow peoples minds. The big question is WHEN? (lol)

          • On September 12, 2017 at 10:14 am,
            Matthew says:

            I realize they’ve raised money since the end of the last quarter but their Current Ratio was just .34 (while ALX Uranium was 17.15 and UEX was 13.6). PPPMF was 1.13

            http://www.investopedia.com/ask/answers/070114/what-formula-calculating-current-ratio.asp

    • On September 11, 2017 at 10:32 am,
      OOTB Jerry says:

      Ex had a great article on Sat……concerning uranium……

      • On September 11, 2017 at 1:48 pm,
        Excelsior says:

        Thanks OOTB. Yes there were some thought provoking articles posted to the weekend show. Cheers!

    • On September 11, 2017 at 1:55 pm,
      Excelsior says:

      Hi Confused – Yes, I’m a shareholder of Anfield Resources and they were able to buy the US Insitu mining assets of Uranium One (the company Frank Guistra and the Clintons sold to the Russians).

      So far the United States Insitu miners (like UR-Energy, Peninsula Energy, Anfield Resources, and some of UEC’s assets) are severely under-valued in this low priced Uranium spot market. Ironically they don’t require as high of a prices as the hard rock miners, because they are simply injecting fluids into the ground to dissolve and recover Uranium, but most investors are just all jacked up about the Athabasca Basin (due to the very high grades).

      Ironically most of the Athabasca Basin exploration plays (except Nexgen) will have huge water issues to deal with, just like Cameco has had to endure, and will have to go very deep to access all the reserves. In contrast, the ISR miners are much less disruptive to the land, easier to permit, and have lower operational costs.

      For example: Excelsior Mining is doing the exact same thing only with Copper.

      I like Anfield Resources and feel that when the worm turns they’ll be an easy multi-bagger from present prices. When that happens in the Uranium markets is the real mystery.

      Ever Upward!

      • On September 12, 2017 at 6:15 am,
        Excelsior says:

        Uranium One opened a trading company
        Sept 11, 2017

        “Uranium One, a ROSATOM global mining company, has opened a trading company Uranium One Trading AG in Zug (Switzerland).”

        By establishing a trading company, Uranium One aims to increase its share on the international uranium market through spot and midterm transactions, support for the company’s long-term portfolio of contracts, and development of a new direction – trading of metals and minerals in demand for “new” and nuclear energy as well as liquid exchange-traded metals.”

        “The establishment of a trading company is a response to new realities and market trends. This will allow us to respond more promptly to requests, to effectively meet customers’ needs, – said Vasily Konstantinov, the President of Uranium One Group. – The competition between traders in the field of long-term contracts on the global uranium market is growing. This is due to the fact that many world utilities have expanded their lists of potential suppliers with trading companies, which traditionally included only uranium producers before. Another market trend is the reduction of contracting period and the transition from long-term to midterm and spot contracts”.

        http://www.rosatom.ru/en/press-centre/news/uranium-one-opened-a-trading-company/

      • On September 12, 2017 at 6:48 am,
        Excelsior says:

        (ARY) (ANLDF) ANFIELD RESOURCES ANNOUNCES RESOURCE REPORT FOR SECOND OF 24 URANIUM PROJECTS IN WYOMING

        08 Aug 2017

        http://anfieldresources.com/anfield-resources-announces-resource-report-for-second-of-24-uranium-projects-in-wyoming/

  2. On September 11, 2017 at 10:20 am,
    Silverdollar says:

    Heard a commentator this morning suggesting it was going to cost the federal gov’t hundreds of billions to pay for the losses in Florida that were uninsured. Guess I’m too old-fashioned but at what point does everyone quit insuring for their losses as the gov’t will buy off your problems anyway?
    I also feel there is ill-advised growth in flood prone areas that the public shouldn’t be responsible for but I guess the question could be ask, “How is that any different than how the TBTF banks were handled after 2007-’08 financial debacle that they caused? Seem that few preach personal responsibility any more………..OK, rant finished!

    • On September 11, 2017 at 10:34 am,
      Wayne says:

      Let me pick up where you left off. Government has no business in disaster relief. To the extent that it is involved, it only makes recovery that much more difficult. All government does in this area is help people avoid growing up and taking responsibility for themselves and their property. If you build your castle at low tide, don’t put a gun to my head (via government proxy) when the tide comes in and wipes out your home. That said, I still might be inclined to assist you with my own money, but not money that lawfully belongs to someone else.

      • On September 11, 2017 at 10:41 am,
        Silverdollar says:

        Agreed. But, I think we’re in the minority.

        • On September 11, 2017 at 10:46 am,
          OOTB Jerry says:

          Noah was in the minority…….. 🙂

  3. On September 11, 2017 at 10:22 am,
    b says:

    Jim Rickards Says “AMERICA in for a RUDE AWAKENING” in JUST FOUR MONTHS
    Posted on September 11, 2017 by The Doc @silver doc

    Jim Rickards has penned an open letter to the President. The outlook is not good for the US dollar, and in turn, it is terrible for America…

    I guess Mr Rickards is concerned about this, he doesnt seem to stop writing about it.

    • On September 11, 2017 at 10:30 am,
      OOTB Jerry says:

      Maybe he has writer’s block…………

  4. On September 11, 2017 at 10:25 am,
    OOTB Jerry says:
  5. On September 11, 2017 at 10:43 am,
    Silverdollar says:

    PM holders are showing how fickle they are today!

  6. On September 11, 2017 at 10:45 am,
    OOTB Jerry says:
  7. On September 11, 2017 at 11:48 am,
    b says:

    Looks like the americans are stymied in Korea for their war, but they may be about to make up for it in Syria.
    After saving the isis commanders they are now threatening the Syrian army, Russians and allies with attack should they cross the Euphrates.

  8. On September 11, 2017 at 12:11 pm,
    OOTB Jerry says:
    • On September 11, 2017 at 12:11 pm,
      OOTB Jerry says:

      Bush better be looking for a hidey hole…..

        • On September 11, 2017 at 4:06 pm,
          OOTB Jerry says:

          inally, let me end this post by sharing a video put together by James Corbett, which has attained nearly 3 million views.

          • On September 11, 2017 at 4:08 pm,
            OOTB Jerry says:

            Corbett’s tape….is for you PF……..check out the tape on the above zerohedge , “bullshit” tape, it is at the very end of the article……….cheers…….

          • On September 11, 2017 at 4:13 pm,
            OOTB Jerry says:

            btw…….thanks for your input…………

    • On September 11, 2017 at 1:32 pm,
      PF says:

      Do a search for “9/11 debunked” on Youtube and you may change your mind.

      An implosion of WTC7, the shortest of the 3 buildings, is the only likely scenario. And the explanation could be as simple as the owner wanting it completely destroyed to make his insurance claim more favorable.

      WTC 1 & 2 were not imploded.

      • On September 11, 2017 at 2:13 pm,
        GH says:

        If one building was ‘imploded’ then they all were.

        • On September 11, 2017 at 2:23 pm,
          Matthew says:

          The official conspiracy theory is the most far fetched of them all. It’s amazing how clueless people are.

      • On September 11, 2017 at 2:41 pm,
        OOTB Jerry says:

        PF, if you have not watched the tape, you need to explain how material is BLOW out the side of the building……I will make it easy for you , I will give you the exact picture frame.

        • On September 11, 2017 at 2:44 pm,
          OOTB Jerry says:

          Try an defy gravity………try the 23 min mark…..for starters.

      • On September 11, 2017 at 2:50 pm,
        OOTB Jerry says:

        PF YOU SAY ,” simple as the owner wanting it completely destroyed to make his insurance claim more favorable.”……
        Planned demolish would have had to be planned in concert with the other two buildings , and knowing the event would take place…..check the tape out for the that is answered by experts.. in the tape ,

      • On September 11, 2017 at 3:10 pm,
        OOTB Jerry says:

        DEBUNKING 9/11 Seven Part seriers
        Tape one ….at 11:00 min mark…..the material is “blowing out” in Building ONE.
        check both side of the building in the tape.
        I will continue to review debunking…

        • On September 11, 2017 at 3:16 pm,
          OOTB Jerry says:

          There are 230 member of engineer and architect society , which say, that it was an implosion of tower one and two., I will see if I can find the tape.

          • On September 11, 2017 at 3:44 pm,
            OOTB Jerry says:

            s.[31] To support its position, Architects & Engineers for 9/11 Truth points to the “free fall” acceleration of 7 WTC during part of the collapse,[45] to “lateral ejection of steel,” and to “mid-air pulverization of concrete.”[29] Richard Gage also said that the absence of “large gradual

    • On September 11, 2017 at 3:25 pm,
      OOTB Jerry says:

      The person on this Tape is a Whistle Blower….

  9. On September 11, 2017 at 1:03 pm,
    Tom says:

    long PEMIF…lithium stocks breaking out

    • On September 11, 2017 at 4:12 pm,
      Excelsior says:

      Mercedes-Benz plans electric versions of all its models by 2022

      Swapna Krishna – 8h ago

      “We’ve seen quite a few car companies commit (and recommit) to electic vehicles recently, and now Mercedes-Benz has joined them. At Daimler’s investor day today, the company’s chief executive Dieter Zetsche said that Mercedes will offer electric versions of every single car it makes by 2022. Mercedes-Benz is also planning on turning its popular city SmartCar into a fully electric line by 2020.”

      “They’re just the latest car company to focus on EVs.”

      https://www.engadget.com/2017/09/11/mercedes-benz-electric-versions-2022/

      • On September 11, 2017 at 4:13 pm,
        Excelsior says:

        China to Ban Sale of Fossil Fuel Cars in Electric Vehicle Push
        Bloomberg News – September 9, 2017

        “China will set a deadline for automakers to end sales of fossil-fuel powered vehicles, a move aimed at pushing companies to speed efforts in developing electric vehicles for the world’s biggest auto market.”

        “A ban on combustion-engine vehicles will help push both local and global automakers to shift toward electric vehicles, a carrot-and-stick approach that could boost sales of energy-efficient cars and trucks and reduce air pollution while serving the strategic goal of cutting oil imports. The government offers generous subsidies to makers of new-energy vehicles. It also plans to require automakers to earn enough credits or buy them from competitors with a surplus under a new cap-and-trade program for fuel economy and emissions.”

        https://www.bloomberg.com/news/articles/2017-09-09/china-to-ban-sale-of-fossil-fuel-cars-in-electric-vehicle-push

        • On September 11, 2017 at 4:16 pm,
          Excelsior says:

          Volkswagen plans electric option for all models by 2030

          BBC – Business Section – 3 hours ago

          “Volkswagen, the world’s biggest carmaker, will offer an electric version of all its 300 models by 2030, becoming the latest manufacturer to move away from petrol and diesel.”

          “VW will double investment in zero-emission vehicles to 20bn euros as it seeks to put the diesel emissions scandal behind it.”

          “The German firm plans to offer 80 new electric cars across the group by 2025.”

          “It comes as Mercedes-Benz also promised electric versions of all its cars.
          Mercedes chief Dieter Zetsche said the entire range would have electric or hybrid versions by 2022.”

          ‘Got the message’

          http://www.bbc.com/news/business-41231766

    • On September 11, 2017 at 5:42 pm,
      Mike says:

      The following article should have told us all we needed to know about EV’s and the future of “fossil fueled” vehicles:

      https://www.bloomberg.com/news/articles/2016-03-23/rockefellers-dump-exxon-holdings-that-made-family-s-fortune

      • On September 12, 2017 at 6:05 am,
        Excelsior says:

        Analyst on Tesla Semi: “The Biggest Catalyst in Trucking in Decades”

        Kyree Leary – September 10, 2017

        “Word surrounding Tesla’s all-electric semi truck has been trickling out since April, but the latest from Morgan Stanley analyst Adam Jonas proposes the truck’s existence could bring big changes to the trucking industry.”

        “We believe TSLA’s reveal of its autonomous, electric Class 8 semi-truck this month could be the biggest catalyst in Trucking in decades and potentially set off separation between the technology leaders and the laggards among carriers, shippers, truck OEMs and suppliers,” said Jonas.

        https://futurism.com/analyst-tesla-semi-biggest-catalyst-trucking-decades/

  10. On September 11, 2017 at 1:21 pm,
    PF says:

    The republican tax plan will likely benefit the wealthy more than the average worker.

    http://www.huffingtonpost.com/entry/trump-norquist-tax_us_59b0687ee4b0dfaafcf52ff6

    Will widen the gap between the rich and poor.

  11. On September 11, 2017 at 1:39 pm,
    OOTB Jerry says:

    FLood in Charleston….One more time…..the people in that city are use to flooding
    http://www.zerohedge.com/news/2017-09-11/downtown-charleston-under-water-irma-flash-flood-emergency-declared

  12. On September 11, 2017 at 1:58 pm,
    Excelsior says:

    (MXSG) Mexus and JV partner MarMar confirm production at Santa Elena mine
    September 11, 2017 (GLOBE NEWSWIRE)

    “Mexus Gold US (OTCQB: MXSG)(“Mexus” or the “Company”) along with its joint venture partner, MarMar Holdings, today announced that they have produced gold in dore form as a result of its ongoing operation at the Santa Elena mine. Mexus CEO Paul Thompson added, “This is a monumental step for Mexus and MarMar as we have met our initial goal which was to get the Santa Elena mine into production. The finances of gold sales will be released in our quarterly reports but we will keep our investors informed as key financial goals are met. The ore we are currently placing on the heap leach pad is averaging 2 grams per ton with an expected recovery rate of 76%. We know now that the high grade near surface material we are mining will result in a lower overall cost of production.”

    “Mr. Marco Martinez, CEO of MarMar Holdings Inc., commented that the recovery of gold will be ongoing now that the recovery system is in full working order. In addition, he stated that the goal is to bring production to 10,000 tons a day by year end.”

    http://mexusgoldus.com/mexus-and-jv-partner-marmar-confirm-production-at-santa-elena-mine/

    • On September 11, 2017 at 1:59 pm,
      Excelsior says:

      It’s about dang time!! Now let it begin…..

      • On September 11, 2017 at 3:22 pm,
        mj12 says:

        Thank you Excel.. for the reco in Mexus.
        Ka-ching!

        • On September 11, 2017 at 4:00 pm,
          Excelsior says:

          Ka-ching is right! It’s journey into profitable production is just getting started.

          Cheers!

  13. On September 11, 2017 at 2:49 pm,
    Matthew says:
  14. On September 11, 2017 at 4:32 pm,
    Dick Tracy says:

    What is the definition of moronic, according to The Drudge Report The US is now 20 trillion dollars in debt. What would any reasonable person think of those numbers. After years of fighting multiple wars and thinking they can still maintain an economy that can challenge the rest of the World, where does rational thought come into anyone’s thinking and let’s not forget what this has cost America’s once great society that was emulated by the rest of the World.

  15. On September 11, 2017 at 4:35 pm,
    Ozibatla says:

    Has anyone ever followed Przemyslaw Radomski and his analysis on the PMs? He is a perma bear and his latest work suggests an imminent drop in the gold market towards $900!

    I would be surprised if this were to eventuate in the next 6 months. I am not surprised by this guys ultra bearishness however.

    Surely gold doesnt drop to this level, otherwise sentiment will reach a new all-time low.

    • On September 12, 2017 at 10:46 am,
      Matthew says:

      I’ve seen Radomski’s free work for at least a decade and have never been impressed. He’s not very objective and his understanding of the basics needs a lot of work.

  16. On September 11, 2017 at 5:27 pm,
    Excelsior says:

    (MQR) Monarques Gold Enters Into A Definitive Agreement To Acquire All The Mining Assets Of (RIC) Richmont Mines In The Province Of Quebec
    September 11, 2017

    – Monarques will acquire all of Richmont’s mining assets, properties and claims in Quebec.
    – Monarques will become the owner and operator of the Beaufor mine and the Camflo mill.
    – Monarques to retain Richmont’s highly experienced Quebec-based site teams.
    – Richmont will hold a 19.9% interest in the Corporation, inclusive of a $2.0 million investment by Richmont.

    ** Monarques’ profile after the transaction

    – A gold producer with the Beaufor Mine (gold production of 19,562 ounces in 2016; source Richmont 2016 annual report) located in one of the best mining jurisdictions in Canada.
    – A large portfolio of mining assets, including the Beaufor Mine, two mills (Camflo and Beacon), two advanced projects (Wasamac and Croinor Gold) and eight exploration projects covering more than 240 km2 in the Abitibi region.
    – Upside potential and leverage to the gold price with the Wasamac project.
    NI 43-101 proven and probable reserves of 162,790 ounces of gold, measured and indicated resources of 1.76 million ounces and inferred resources of 1.67 million ounces (see table below).
    – Over 150 highly experienced, qualified employees will join the Monarques team.
    – A strong financial position, with over $12 million in cash and cash equivalents.

    https://www.monarquesgold.com/news-releases/monarques-gold-enters-into-a-definitive-agreement-to-acquire-all-the-mining-assets-of-richmont-mines-in-the-province-of-quebec

    • On September 11, 2017 at 5:32 pm,
      Excelsior says:

      Alamos Gold Announces Friendly Acquisition of Richmont Mines
      Solidifies Position as a Leading Intermediate Gold Producer
      (September 11, 2017)

      “Alamos Gold Inc. (AGI) and Richmont Mines Inc. (RIC) are pleased to announce that they have entered into a definitive agreement whereby Alamos will acquire all of the issued and outstanding shares of Richmont pursuant to a plan of arrangement, further enhancing Alamos’ position as a leading intermediate gold producer. ”

      https://s21.q4cdn.com/763136974/files/doc_news/2017/09/20170911-Alamos-Acquisition-of-Richmont-Mines-Press-Release-FINAL.pdf

      • On September 11, 2017 at 5:38 pm,
        Excelsior says:

        @Excelsior – “It wouldn’t surprise me if a larger #Gold Major went after $RIC or $KDX either.”

        #Takeover #Takeout
        from #index, 21 Jul 2017, 16:53

        __________________________________________________________________

        @Excelsior – “My thesis is that $RIC and $KDX are solid Canadian smaller Mid-tier producers and that a larger Mid-Tier or Major would like to buy into their forward #production economics and keep drilling to expand their reserves and mine life. That’s exactly what played out for the aforementioned companies. Many companies only have a few years of mine life at any given time because drilling out 10-20 years of resources will not be properly rewarded by the marketplace. Instead they earn while they learn, and replace reserves as they go. ”

        ” Both $RIC and $KDX seem like potential targets to me, out of existing producers, and like I said it wouldn’t surprise me if either one got nabbed over the next year. Of the 2 $RIC seems more imminent, because $KDX has a big capital spend they are investing in expansion this year. Once that expansion is completed and the numbers are in, I could see a larger entity putting a target on their chest. There aren’t that many small/Mid-tier Canadian producers left on the market, and it may be a merger of equals with some other Mid-Tier…..”

        https://ceo.ca/ric?420b2d0d64ce

        • On September 11, 2017 at 8:09 pm,
          Excelsior says:

          As expected, Canadian smaller – Mid-Tier producers are still some of the most sought after assets in the mining space.

    • On September 11, 2017 at 9:00 pm,
      Excelsior says:

      Monarques Gold CEO: We have a few tricks up our sleeves to cut costs at Beaufor

      “Jean-Marc Lacoste, president and CEO of Monarques Gold, joins BNN to explain why the company is interested in purchasing Richmont’s Quebec assets. Under Richmont’s ownership, the Beaufor Mine has been a high-cost asset. But Mr. Lacoste says he has a few tricks up his sleeve to bring costs down.”

      Video of the BNN interview:

      http://www.bnn.ca/commodities/video/monarques-gold-ceo-we-have-a-few-tricks-up-our-sleeves-to-cut-costs-at-beaufor~1206072

  17. On September 11, 2017 at 8:24 pm,
    Excelsior says:

    The Next Leg Of The Rally Should See Gold Miners Double

    by @Goldfinger on September 11, 2017

    https://ceo.ca/@goldfinger/the-next-leg-of-the-rally-should-see-gold-miners-double

  18. On September 12, 2017 at 5:49 am,
    Excelsior says:

    pplication of the Net Present Value Profile to Anaconda Mining

    Bell, Peter (2017): Application of the Net Present Value Profile to Anaconda Mining

    https://mpra.ub.uni-muenchen.de/81197/

  19. On September 12, 2017 at 6:18 am,
    Excelsior says:

    Be the First to the Bull Market – w/ Rick Rule
    Gold Newsletter
    Published on Sep 1, 2017

    “Rick Rule has been profiting from natural-resource investments for decades, along with his brokerage clients, and he has seen more than a few convulsions in his time. He shares with us how he eyes the right speculation prospects, particularly given that most mining prospects are valueless.”

    https://www.youtube.com/watch?time_continue=569&v=4tS8tNH-POY

  20. On September 12, 2017 at 8:42 am,
    Excelsior says:

    Revisiting The Silver/Gold Ratio

    Sep. 11, 2017

    https://seekingalpha.com/article/4105839-revisiting-silver-gold-ratio

  21. On September 12, 2017 at 8:46 am,
    Excelsior says:

    Callinex Intersects 18.7 Meters of 5.8% Zn Eq. at the Nash Creek Zinc Project

    by @newswire on September 12, 2017

    https://ceo.ca/@newswire/callinex-intersects-187-meters-of-58-zn-eq-at-the-a61f2

  22. On September 12, 2017 at 11:30 am,
    Paul L says:

    Tech is looking weak and dying a slow death. I got out of Goog at 942 and it now at 924 and negative, I pumped that money back into energy with XOP as it appears to have bottomed and is up almost 3% today. Bought more At&t and Verizon(buy signals finally) too to add to my existing positions where I still have losses.

  23. On September 18, 2017 at 10:17 am,
    OOTB Jerry says: