Exclusive KE Report Commentary – Fri 15 Sep, 2017

A follow up on the recent Auryn drill results

Executive Chairman Ivan Bebek joins me today to discuss the recent drill results from Committee Bay and answer some questions from all of you. Ivan shares his thoughts on what the drill results mean for future exploration and how they compare to other company deposits. We also discuss the upcoming drill results from Committee Bay and Homestake.

As I mentioned I will be picking up shares when under $3/share.

Click here to read the news release that we focus on.

Click download link to listen on this device: Download Show

Ivan BebekCory Fleck

  1. On September 15, 2017 at 6:48 am,
    Bonzo Barzini says:

    I bought my 1st position of AUG yesterday @2.44 before the results came out. Then it fell to 2.36 and closed @2.44. Wish I’d waited an hour to buy. But it’s an exciting play.

  2. On September 15, 2017 at 6:53 am,
    Bonzo Barzini says:

    AT least I bought my AUG for 10% less than GG paid for its shares of AUG.
    Maybe GG should hire me to run its acquisitions dept. If they had they would own NSRPF@ 60 cents.

  3. On September 15, 2017 at 6:59 am,
    Bonzo Barzini says:

    Of course GG would do even better if they hired Matthew to run their acquisitions…

    • On September 15, 2017 at 8:11 am,
      Excelsior says:


  4. On September 15, 2017 at 7:05 am,
    Bonzo Barzini says:

    Cory, thanks for this timely interview with Ivan. Why are my comments showing up 2 or 3 times today when I submitted them just once?

    • On September 15, 2017 at 7:56 am,
      OOTB Jerry says:

      that happens, sometimes when you are first to post………don’t get excited, it is normal…..to be abnormal…….

      • On September 15, 2017 at 8:01 am,
        Excelsior says:


        • On September 15, 2017 at 8:17 am,
          Excelsior says:

          OOTB that’s the quote of the day:

          “don’t get excited, it is normal…..to be abnormal…….”

          • On September 15, 2017 at 8:43 am,
            OOTB Jerry says:

            :)……. agreed…..

  5. On September 15, 2017 at 7:36 am,
    Bonzo Barzini says:

    Cory, ask Ivan about the drilling in Peru, and if AUG is staking any land in the Pilbara.

    • On September 15, 2017 at 8:30 am,
      Excelsior says:

      Bonzo Barzini – Thanks for bringing up their Peru properties. Your comment got me curious and it does look like and impressive land package. If they were to get acquired, I wonder if they’d spin these out separately?


      • On September 15, 2017 at 8:47 am,
        Bonzo Barzini says:

        Yes, AUG has the same geologist in Peru who found Yanacocha for NEM. Peru might be big for AUG.

        • On September 15, 2017 at 8:50 am,
          Excelsior says:

          Nice. Thanks good info Bonzo Barzini. Thanks!

  6. On September 15, 2017 at 8:33 am,
    Excelsior says:

    Interesting news update that affects the sector from a contributor at ceo.ca

    @jamjam – “JAKARTA, Indonesia — Though located in Indonesia, one of the world’s most valuable chunks of land has long been owned by Americans. Called the Grasberg mine, it represents a vast store of copper and gold ore extracted through a vast open pit one-third of a mile deep.”

    “On Tuesday, in one of the most dramatic examples yet of rising resource nationalism around the world, Grasberg’s American owner tentatively agreed to give a majority stake back.”

    “The deal unveiled on Tuesday between the American owner, the mining company Freeport-McMoRan, and the Indonesian government is meant to bring an end to years of rising public anger over American control of one of the mining industry’s crown jewels. It could also end a fight between the two sides that limited output at the mine and impacted metals prices worldwide.”


    • On September 15, 2017 at 9:26 am,
      Dick Tracy says:

      Indonesia is one country I won’t invest in, if you think Freeport has trouble with their deep pockets and political connections the juniors really get scrutinized by The Indonesian authorities. It makes it impossible for me to even consider investing there.

      • On September 15, 2017 at 12:49 pm,
        Excelsior says:

        Agreed. Indonesia is very high risk as a jurisidiction.

        • On September 15, 2017 at 3:09 pm,
          Skeeta says:

          As is the Philippines,

          ……just ask RED 5

          • On September 15, 2017 at 4:30 pm,
            Dick Tracy says:

            Or Venezuela.

          • On September 15, 2017 at 5:26 pm,
            Excelsior says:

            Agreed. The Philippines is a disaster of a jurisdictions, and their leader is nut job.

  7. On September 15, 2017 at 8:37 am,
    Excelsior says:

    As a reminder today and tomorrow are the Metals Investor Forum. (they always put out great video coverage from this event aftewards).

    #MIF Friday September 15th, 2017

    09:50 Eric Coffin – Introduction to the Metals Investor Forum
    10:00 Gwen Preston, Resource Maven
    10:20 BonTerra Resources Inc. (TSX.V: $BTR)
    10:30 GT Gold Corp. (TSX.V: $GTT)
    10:40 Aben Resources Ltd. (TSX.V: $ABN)
    10:50 Red Eagle Mining Corporation (TSX: $R)
    11:30 John Kaiser, Kaiser Research Online
    11:50 InZinc Mining Ltd (TSX.V: $IZN)
    12:00 Nevada Exploration Inc. (TSX.V: $NGE)
    12:10 Camino Minerals Corp. (TSX.V: $COR)
    12:20 Inventus Mining Corp. (TSX.V: $IVS)
    12:30 LUNCH BREAK
    1:30 Eric Coffin, HRA Advisories

    1:50 Vendetta Mining Corp. (TSX.V: $VTT)
    2:00 Pure Gold Mining Inc. (TSX.V: $PGM)
    2:10 Colorado Resources Ltd. (TSX.V: $CXO)
    2:20 Sean Brodrick, Uncommon Wisdom Daily
    2:40 Northern Vertex Mining Corp. (TSX.V: $NEE)
    3:20 Jordan Roy-Byrne, The Daily Gold
    3:40 Mundoro Capital Inc. (TSX.V: $MUN)
    3:50 Defiance Silver Corp. (TSX.V: $DEF)
    4:00 Triumph Gold Corp. (TSX.V: $TIG)
    4:10 VR Resources Ltd. (TSX.V: $VRR)


    • On September 15, 2017 at 8:41 am,
      Excelsior says:

      On further review – the MIF is just for today on the 15th. Looking forward to reviewing a few of these company overviews when they are released though.

  8. On September 15, 2017 at 8:42 am,
    spanky says:

    On the Dow weekly chart, we have gotten 1, just 1, clear close under the 10 week EMA since the start of November 2016. That is absolutely ridiculous. You can’t even “buy the dip” because there are none! The weekly stochastics haven’t even hit 50 in a year.


  9. On September 15, 2017 at 8:52 am,
    OOTB Jerry says:

    https://www.traderschoice.net/……………bitcoin and dollar comments…….enjoy!

  10. On September 15, 2017 at 9:34 am,
    OOTB Jerry says:

    Screwed up DEBT CEILING…….
    and reported the $300 billion of off balance spending they’d run up over the last six months since hitting the debt ceiling in March. This is what Treasury Secretary Mnuchin meant by resorting to ‘extraordinary measures’ to keep the government humming. Sounds like Enron accounting to us.

  11. On September 15, 2017 at 9:40 am,
    spanky says:

    EXK going to at least retest its July low, if not break below. I expect the same for other silver miners. I think HL will test its 100 WMA in the next week or two.

    • On September 15, 2017 at 10:10 am,
      Matthew says:

      I’d bet it finds support in the 2.30s.

      • On September 15, 2017 at 10:36 am,
        spanky says:

        If September closes around this level or lower, we will without question tag the lower bollinger band on the monthly chart, which will for sure be sub-$2.

        At this point we have to pray that the FOMC next week rescues these silver miners because if not, they are dead money for a long, long time. We have already had 6 consecutive closes under the 20 month MA. That is not a bull market action, sorry. We may not retest the 2016 low, but silver miners are dead money until 2019 at best.

      • On September 15, 2017 at 10:40 am,
        spanky says:

        There is no way EXK penetrates the garagantuan Ichimoku cloud on its monthly chart. The earliest it will test the lower border is mid 2018. God knows how low it will go between now and then. More likely it will have to wait until the cloud dissipates in 2019!

        • On September 15, 2017 at 12:18 pm,
          Matthew says:

          If you really believe that and still do not sell, then there’s something wrong here.

        • On September 15, 2017 at 12:19 pm,
          Matthew says:

          I just picked up more IPT at .34 btw.

          • On September 15, 2017 at 12:58 pm,
            Dan, calgary says:

            Me too (;-)

  12. On September 15, 2017 at 9:46 am,
    OOTB Jerry says:
    • On September 15, 2017 at 9:48 am,
      OOTB Jerry says:

      US of Petty $$…..ready to attack Venezuela……..I bet…… 🙁

    • On September 15, 2017 at 10:21 am,
      OOTB Jerry says:
      • On September 15, 2017 at 10:22 am,
        OOTB Jerry says:

        Maybe, they do not want US$

  13. On September 15, 2017 at 10:26 am,
    OOTB Jerry says:
  14. On September 15, 2017 at 10:28 am,
    spanky says:

    AXU getting utterly smashed. Back to the drawing board folks. The monthly chart says this is all noise. The line in the sand is the 50 month MA at $1.07, which could easily get hit as the monthly chart makes up its mind. In the grand scheme, a move like that is just a blip, but a painful one for whoever bought on this latest pump and dump.

  15. On September 15, 2017 at 11:00 am,
    spanky says:

    AXU set up looks identical to 2012. This was the pump before the epic dump.

    The weekly candles look absolutely hideous. The pump in August was nothing more than a headfake to provide some airspace for a major breakdown.


    • On September 15, 2017 at 11:25 am,
      b says:

      geez spanky, you think there is a chance for $400 gold yet?

      wonder if that could be intentionally done due to countries moving away from the dollar and going gold backed.
      The whole market is rigged I think. so hmmm

    • On September 15, 2017 at 11:30 am,
      spanky says:

      Wrong chart sorryt.

    • On September 15, 2017 at 12:15 pm,
      Matthew says:

      It looks nothing like 2012.

      • On September 15, 2017 at 12:50 pm,
        Excelsior says:

        Agreed Matthew.

        • On September 15, 2017 at 1:37 pm,
          Excelsior says:
          • On September 15, 2017 at 1:45 pm,
            spanky says:

            How can you possibly objectively look at that chart and not see the striking resemblence to 2011-2012 (just before the bottom fell out in 2012)???

          • On September 15, 2017 at 1:46 pm,
            Excelsior says:

            AXU – Inverse H&S pattern about to break to the upside and move higher over the next year or two. Bullish set up.

          • On September 15, 2017 at 1:49 pm,
            spanky says:

            At what price will you be wrong? below .85??? Have fun with that.

          • On September 15, 2017 at 1:56 pm,
            Excelsior says:

            Spanky – That 2012 pattern was heading downhill after a huge rolling top and that doesn’t look anything like today’s set up. Keep in mind that it it had been a 2 year move out of the 2008/2009 Financial crisis where it moved up in an orderly way from 2009 into 2011 and then topped and rolled over moving into 2012.

            It was a completely different backdrop and setup to what we have today in the the PM sector. The metals prices and miners were pulling back extremely hard, and the currency markets were different, the cost structure per ounce at Alexco was different, the Streaming deal was different, they hadn’t even made the discoveries at Flame & Moth or Bermingham yet.

            The current technical set up was that Precious Metals put in their Major bottom in Dec 2015, and the Miners put in their bottom in mid January 2016. We kicked off the new bull market in the first half of 2016 by breaking through a number of key prior peaks & troughs and key Moving Averages, which hadn’t happened in years. That was the bell ringing and confirmation that we were in a new bull market.

            The pullback over the last year may look similar, but its connected to an entirely different pattern and wave count, and is happening in a new bull market versus the top of the last Bull market in 2011-2012.

            Apples and Oranges man. Apples and Oranges.

          • On September 15, 2017 at 2:02 pm,
            Excelsior says:

            We’ve been in a large rounded bottom in Gold for some time. When we come up the other side of the curve to the upside, for the balance of this year and moving into 2018/2019, –> then this will prove to have been a good time for accumulation.

            Silver will follow Gold higher and the lead the charge. Many Silver stocks will then leave most investors in the dust and grow multiple fold higher than the metals and most Gold or Base Metals stocks….. so yeah, I will have fun with that. 🙂 😉


          • On September 15, 2017 at 2:06 pm,
            Excelsior says:

            Alexco Resource: Further Silver Exploration Before Production In 2018 At Keno Hill

            ResourceCapitalAG – Apr 25, 2017 – Video presentation


      • On September 15, 2017 at 1:42 pm,
        spanky says:

        Look at the monthly chart. How can you deny that the action over the last year looks any different than 2010-2012??? The monthly bollingers are narrowing in and price is going nowhere. We have a flat 50 month MA below current price. Watch AXU get to its 50 month MA just like 2012. The question will be whether that will represent a low or whether we craash through that MA just like in 2012. Of course I suppose to you it doesn’t matter one iota since it will still be in a bull market until .25 is taken out! You are Don Quixote.

    • On September 15, 2017 at 8:32 pm,
      Excelsior says:

      Sep 14, 2017

      “The Common Shares and Flow-Through Shares issued under the Offering are subject to a statutory hold period which expires on January 15, 2018. A total of 44,617,729 Common Shares are outstanding following the closing of the Offering.”

      “In connection with the Offering, Hecla Canada Ltd. has exercised its pre-emptive right under the Ancillary Rights Agreement dated September 4, 2012 between the Company and Hecla to maintain its ownership interest in the Company. Hecla has subscribed for 1,000,000 Common Shares at $0.73 per share for additional gross proceeds to the Company of $730,000”


      • On September 15, 2017 at 8:46 pm,
        Excelsior says:

        Hecla is keeping their interest in Dolly Varden, so that remains constructive.

  16. On September 15, 2017 at 11:19 am,
    Ed Emrath says:

    I think the biggest problem with Auryn’s value is that Ivan broke one of the cardinal rules of public relations, he over promised and under produced. About 3 months ago he was doing several podcasts I listened to including yours and was all excited about the drilling and said they were expecting results out in about 2 weeks and should have more results about every 2 weeks after that. The first results took about 5 or 6 weeks to come out and were not great, they were just ok. Thus disappointment even though they were not bad and the stock went down. Investors in the precious metals mining have always had to be very cautious because of all the charletons promising riches. If he would have not built up high expectations the results would not have looked so underwhelming. Then the next drill results took another 5 to 6 weeks to come out and would have been very encouraging. Everybody knew the testing facilities were way behind so Ivan should have been cautious in his expectations (don’t make statements depending on others). The good thing for investors is the price is much lower than it could have been so its an opportunity to buy more.

    • On September 17, 2017 at 6:09 am,
      Wolfster says:

      The warrants which expired yesterday were also causing an overhang. Ivan backed up all his talk. He bought another 41,000 at $3.03 on the 15th…….

  17. On September 15, 2017 at 12:52 pm,
    Dick Tracy says:

    What does 300 billion dollars buy these days, maybe two aircraft carriers. Then two ICBM’S from North Korea could drop out of the sky and splat there goes 300 billion smackers. Cost would probably be less than $1 million dollars US.

    During The Falkland War Britain lost a 90 million dollar warship ( The Sheffield) to one French made exocet missile costing $20,000 US. Money squandered on war is stupid compared to the good it could do for the healthcare system.

    • On September 15, 2017 at 1:22 pm,
      Bonzo Barzini says:

      The health care and education systems are bottomless pits. Any funds thrown at them will go to raises for administrators.

  18. On September 15, 2017 at 1:13 pm,
    b says:

    Good it could do anywhere,
    but good is not what its about.