Nigel Lees on Sage Gold’s first delivery of mineralized material #VIDEO
October 19, 2017 —

“Nigel Lees, President, CEO and Director of Sage Gold Inc. (TSXV: SGX) in an interview with InvestorIntel Senior Editor, Peter Clausi discuss their first delivery of mineralized material from Clavos gold mine to McEwen Mining’s Black Fox-Stock mill. The mineralized material that is being shipped to mill is broken up underground and was left by the previous owners, St. Andrews Goldfields, who spent $65 million on the project. Sage Gold has access to all of the left mineralized materials at a very low cost.”

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

(SGX) (SGGDF) Sage Gold Near Term Production with Exploration Upside
Investor Corporate Slide Presentation | November 2017

https://static1.squarespace.com/static/577d8a5c20099e0c9bfb80a7/t/5a09c6c6e4966b7f02d701c5/1510590160010/Sage+Gold+Presentation+November+2017.pdf

$SGX $SGGDF Sage Gold – First #Gold #Production From Clavos Mine
(Marketwired – Nov. 8, 2017)

” Sage Gold Inc. is pleased to announce that it has received confirmation from McEwen Mining Inc. $MUX that mineralized material processed from the first bulk sample mill run at the Stock Mill in Timmins, located 10 km from the Clavos Mine, has yielded approximately 476 ounces of #gold.”

http://www.sagegoldinc.com/new-blog/2017/11/8/sage-gold-first-gold-production-from-clavos-mine

SilverCrest Announces High Metallurgical Test Recoveries For Las Chispas

October 30, 2017 – (SIL) (SVCMF) SilverCrest Metals Inc.

http://www.silvercrestmetals.com/news/2017/index.php?content_id=330

Agreed. We were discussing Graphite earlier this week, but those assets and the larger graphite flake size are harder to value for most investors. Are there any Graphite stocks you like Bob M?

I’ve heard good things about Mason Graphite, Great Lakes Graphite, and have a list of about 2 dozen graphite companies I have yet to dig in on. I occasionally chat with the CEO of Lomiko Metals and they have been at things for some time and seem like a well run company.

* Sean Brodrick does cover Graphite in his presentation from the Metals Investor Forum that was posted up above, and he notes the same thing that those projects are harder to understand and value than metals like Nickel or Copper or Cobalt.

Manganese is also important, but Jay didn’t bring that up either. I’ll have to tell him to tighten it up, but he really is mostly focused on Lithium, Cobalt, and Copper outside of his interest in the PMs. He has some GGI for Nickel, but we’ll have to wait to Monday to see what the story is with their assays.

One thing that several investors have noticed when looking at the effects of batteries and energy storage is that Lithium and Copper got out of the gates first over the last 2 years, and then Cobalt quickly caught up over the last year. More recently Nickel & Manganese have been starting to move, but there hasn’t been nearly as much talk about Graphite. 2018 may be a good year to ride the wave up in graphite, and it may outperform it’s battery tech peers this next year.

One graphite producer that Dines likes is Leading Edge Material Corp V.LEM, they have a mine in Sweden at Woxna. He buys all his investors shares in LEM. Remember Dines is “The Original Graphite Bug”, you have to love his self promotion, often times he is the first to the party. DT

Thanks DT. Yes, I have them on my Graphite list but don’t know much about them. I’ll check them out.

OK here’s my Graphite Watchlist.

I tried to scrub it for companies with at least some exposure to Graphite but if anyone else has any other ideas or companies to add to this list please share them.

Symbol / Graphite Stock

CSPG.V Alabama Graphite Corp.
AXE.AX Archer Exploration Limited
BSM.AX Bass Metals Limited
BKR.V Berkwood Resources Ltd.
BUX.AX Buxton Resources Limited
CKR.V CKR Carbon Corporation
CCB.V Canada Carbon Inc.
CJC.V Canada Strategic Metals Inc.
DNI.CN DNI Metals Inc
EGA.V Eagle Graphite Incorporated
ERA.V Elcora Advanced Materials Corp.
FMS.V Focus Graphite Inc.
LION.CN Global Li-Ion Graphite Corp.
GGG.V Graphene 3D Lab Inc.
GRAPHITE.NS Graphite India Limited
GPH.V Graphite One Resources Inc.
GLK.V Great Lakes Graphite Inc.
HXG.AX Hexagon Resources Limited
LRA.V Lara Exploration Ltd.
LEM.V Leading Edge Materials Corp.
LMG.V Lincoln Mining Corporation
LMR.V Lomiko Metals Inc.
MNS.AX Magnis Resources Limited
LLG.V Mason Graphite Inc.
NEXT.TO NextSource Materials Inc.
NGC.V Northern Graphite Corporation
NOU.V Nouveau Monde Graphite Inc.
VLQCF Quantum Graphite
TLG.AX Talga Resources Limited
VRC.AX Volt Resources Limited
ZEN.V Zenyatta Ventures Ltd

scratch Lara Exploration. They are a prospect generator (mostly gold/copper/coal), and for some reason I had them incorrectly on the graphite list.

scratch Lincoln mining from that list as well. They are Gold explorers. Sorry about the mixup.

I stand corrected Fi Fighter does have a favorite Graphite stock:

@Jayfire – “add $BKT.AX on there. That’s been my top graphite pick for a long time now…”

“biggest knock is the company is located in Tanzania (main reason why I sold and am on the sidelines for now). They’ve got everything else: size, grade, purity. Here’s the latest news release:”

http://www.blackrockmining.com.au/wp-content/uploads/2017/11/131117-BKT-Outperforms-on-300-Cycle-Lithium-ion-Battery-Testing.pdf

EX:

I like DNI a lot but they are in Madagascar and right now that’s a problem.

Thanks Bob M. I’ll keep an eye on DNI and have seen others discussing them from time to time. Yeah, I’m not a huge fan of Madagascar and as Jayfire mentioned, I’m not a fan of Tanzania at present.

There are a few others on that list above that do look interesting though.

Here is another Graphite company that is further along, so priced a bit higher.

Syrah Resources Limited (SYR.AX) (SYAAF)

http://www.syrahresources.com.au/media

Thanks GH. Always glad to share ideas with the good folks on the KER.

Michael Oliver Updated the Dollar, Gold and Relevant Markets

Jay Taylor Media on Nov 14, 2017 – #AudioInterview

https://www.youtube.com/watch?v=fhtxxl9BTek

Jerry Robinson – How Much Longer Can the Petrodollar Survive?

Jay Taylor Media – Nov 15, 2017 – #AudioInterview

https://www.youtube.com/watch?v=BDd3E1p9Kh0

Yes, I’ve got a small position in Kairos going, and am considering De Grey or Pioneer for dating a few more of the Pilbara Sisters.

There are a few that have voiced caution about Chalice Gold mines, despite their lower valuation. Any thoughts there?

Here’s a presentation from another one of the Pilbara Sisters – Impact Minerals IPT.AX (not to be confused with Impact Silver IPT).

There is some interesting discussion on the front end of this presentation about the difference in the nuggets from Purdy’s Reward versus the Quartz-hosted gold nuggets and how they are 2 different sources of gold that may assist investors new to this Panic in the Pilbara story about the new Aussie area play.

https://www.finnewsnetwork.com.au/Presentations/PMIS/2017/ImpactMinerals_IPT/index.html

MTF:

And some of the Pilbarasisters clearly have vein gold from the basement rock. Not the same.

Ex:

I like De Grey a lot. I swapped my Artemis that I viewed as nothing more than a trading stock for De Grey that already has a solid basis for it’s market cap

Hi Bob, only dating Artemis, De Grey, Macarthur and Pioneer. Arrived a little too late to Novo, but did trade some in the mid 4’s.

Thanks guys. Looking into De Grey a little closer. Still considering Pioneer or Impact Minerals as well.

Ex, here is some study material from Jonathan Campbell. He’s the guy that got the Pilbara ball rolling. He shut down his twitter posts because he is consulting now. twitter dot com/ozwitsgold

https://hotcopper.com.au/threads/news-from-site.3794754/page-48?post_id=28475562

Thanks Markedtofuture.

What do you think of this guy’s prior comments?

https://hotcopper.com.au/threads/news-from-site.3794754/page-35#post-28374051

Or this different posters comment prior to that?

https://hotcopper.com.au/threads/news-from-site.3794754/page-34?direction=previous#.WhHgalWnE-U

Ex, I got out of KAI because someone said they didn’t have seeds. I should have told you to click on JonathanC’s name. Thunder is another good poster. He had to set him straight on one of his posts. We should know soon if those nuggets came from Pio’s ground.

https://hotcopper.com.au/search/220947137/?q=%2A&t=post&o=relevance&c%5Buser%5D%5B0%5D=187843&c%5Bvisible%5D=1

Markedtofuture. Thanks for that link, as I don’t get on Hotcopper as often as other sites and sometimes struggle with the functionality, since I don’t post there or interact there.

What I thought was telling about JohnathonC’s message you posted earlier was this passage about Pioneer:

“I openly said that PIO will not be a Purdys or Comet Well maybe you over looked that? But you will find that at there current price and what PIO have going on they are cheap in my opinion.” — Johnathonc: 03/11/17

_____________________________________________________________________

In contrast Kairos (KAI) has found “unrecognized strike-extensive conglomerates in a favorable stratigraphic location below the Mt Roe Basalt,” as well as visible gold that was panned.

See their press release on Nov 9th:

http://www.asx.com.au/asxpdf/20171109/pdf/43p2xv3bbnkj57.pdf

It was my understanding that they just haven’t secured the permits for surface disturbance yet, so once they get the metal detectors, jack hammers, and soil trenching going, then we can see what Kairos may have in store under the surface.

That is why I took a speculative punt on them, for a potential discovery scenario, and at this point it seems a bit too early to write them off completely when things are just getting started on their exploration.

BTW what are your thoughts on either Marindi Metals or Haoma Mining?
(2 more Pilbara sisters that are generating more buzz lately).

You are right, Jerry.

I’ve been saying for over twenty years that the vast majority will never retire. They will either work until they die or become incapacitated. And those are the lucky ones who can get jobs. The rest will live in poverty until they die.

Am I correct when I come to the conclusion that you two don’t have much regard for Mrs. Pelosi?

Only with her big gavel……and We have to pass the obomy bill , before we can read it….moron statement, that has cost a fortune for middle american tax payers.

That was perhaps the dumbest comment that I have ever heard from a politician!

The move up was stronger than most anticipated, and it no doubt broke overhead resistance. One day or week doesn’t make a market, but it can signal the beginning of a trend change. If PMs and the mining stocks rallied from here in mid November, it would catch many investors off sides and they’d have to chase things higher. Personally, I’m all stocked up on mining stocks, so if they rally further, I’ll be all smiles. If it gets to frothy too quick, then I’ll likely put on a short hedge in JDST.

Now, if we do get the more anticipated dip down into mid December due to the Fed rate hike babble, and conclusion of tax loss selling, then I’m more than happy to add a final tranche in many miners.

Tax loss selling has already begun and some noted it started earlier this year in October. Many institutional investors have already started or completed most of their tax loss sales. It is the straggling retail investors that may still do some, but that will only affect the more illiquid Jrs, and not so much the mid-tiers, majors, or even the larger more liquid Jrs.

The other thing to mull over is how much rotation and volume there was in the summer June/July/August during that GDXJ rebalance fiasco. Many tax losses by the big boys were taken during this time frame, and thus they may not have much to deal with here at year end.

Investors should have a plan for either scenario, but this is exactly why holding onto core positions and trading around them by adding or trimming in extremely oversold or overbought conditions is much safer than staying all in or exiting completely.

We just saw the same thing with Uranium stocks. I had positions in place, trimmed them back on the initial impulse leg up when things jumped 10-20% a few days in a row, and then bought those partial positions right back when the stocks made a return trip back down.

Many investors didn’t even have any exposure to Uranium when that rally started, and got caught with their pants down. Fearing that they may be missing out they likely bought on the rallies higher, and now may be underwater on those positions. That wouldn’t have happened if they had been trading around a core position. Longer term they’ll get bailed out as the spot Uranium price has been creeping up and is at $25 now, but the point is to at least have a few fishing poles in the water when a sector is oversold and the sentiment is gloomy.

When things pop in the mining sector, there is little time to jump on before serious gains have been missed. That other mistake investors make so often is thinking they need to buy their entire position (or sell their entire position) all in one motion. It is MUCH safer to tier or tranche into a good cost basis, and then fade out winning positions in several tranches. If an investor already has a core position they can always average up when things get going to add to a solid position. If things pull back they can add into the weakness.

Six days ago, I said that “the miners can’t give up much this week” and luckily, they didn’t. Also six days ago, I said that “I agree that the miners are at a critical juncture and that the setup appears to favor more downside, but Flanagan’s unprecedented scenario seems a little more likely than he thinks…”

Flanagan gave the unprecedented scenario a 10% chance but it looks a lot better than that right now!

http://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=1&mn=0&dy=18&id=p39759123859&a=528708013

Matthew that was an encouraging chart for GDM and good call last week.

Honestly I’ve never heard of that index, but I have been living in a cave. 🙂

I thought this may be the same index but it is at a different price point than the chart you posted. Is this GDMTR the same thing?

NYSE Arca Gold Miners Index (GT (^GDMTR)
730.1207+5.2665 (+0.7266%)
At close: November 17 5:19PM EST

https://finance.yahoo.com/quote/%5EGDMTR?p=^GDMTR

Here’s the one that I used:

https://finance.yahoo.com/quote/%5EGDM?p=%5EGDM

Ah. OK thanks. I’m not sure what that GDMTR is either, but both are new indexes to me.

GDX seems to be based on GDM. Here’s 10 years of GDM with GDX overlaid (gold colored candles):
http://stockcharts.com/h-sc/ui?s=%24GDM&p=W&yr=10&mn=0&dy=0&id=p76458298518

GDM is about 13 years older than GDX and is obviously not an ETF.

Interesting correlation. Thanks Matthew.

Yes, Silver was on the move on Friday, but it was up 1.4% and Gold was up 1.3%. What I was getting at is that it would be more bullish to see a few days/weeks where Silver is outperforming Gold by a larger percentage spread, to really signal that a meaningful rally could get underway. Silver has lagged Gold in upwards movements most of the year (which clearly has not been bullish in a meaningful way) , but a change there where Silver starts outperforming by a factor or 2 or 3 will signal a real run in the metals is getting started.

As for world events being any more or less significant this short holiday week (when many traders are traveling starting mid week, I just don’t place any more significance on it than any other week.

We’ve had plenty of geopolitical nonsense all year long with the effects of Brexit starting weigh on Europe, the Spain/Catalonia fracture, continued middle East issues, US versus North Korea scares and their insane missile tests, the Saudi Arabian Game of Thrones saga, Energy deals with Russia & China starting to bypass the petro dollar system, and on and on. There doesn’t seem to be anything so significant about this week that is any more or less dire than any other week so far.

Regardless, I’d prefer to see the PMs heading higher on structural monetary issues, interest rates, and inflation versus the fear trade that is short/fleeting around any geopolitical speed bumps.

To be sure though, it would be constructive to see the breakout continue in both Gold and Silver, and it would be bummer to see them close back down below resistance again. Gold broke above the recent tops, and finally got above it’s 50 day Moving Average, and it is important to see that hold and continue.

The key since Nov 9th has been that Sentiment has improved a lot in a little over a week, and with all the talk about the Uranium One deal, there are more new eyeballs looking at the Uranium space than there has been in quite some time.

Excelsior, thanks for keeping the uranium spirit alive in the forum after big Al gave up. I have been loading up Uranium stocks since 2009, especially after 2014 when the price for most stocks have crashed over 90%. Except Cameco and CrossHire, which I traded, I mostly having been holding them. It is good to see the price for the most of them have bottomed in the last couple of years. Some even went up gingerly like UEX and UR Energy. My two losers are Paladin and Pinetree. Good thing is I stopped loading them several years ago, feeling their management did not know what they are doing. They seem to know how to ride the price up but clueless for price went down. What I feel magnificent is that some Uranium stocks which make a lot of sense are trading as penny stocks. I have to refrain myself from loading too quickly.

I purchase some UR Energy and UEC, which you have recommended. I think they will do well. I still love Athabasca Region in Saskatoon (BTW, I currently work in Saskatchewan). My largest holdings are Cameco, Denison and UEX.

It seems the recent price rise is due to production cut. Do you know of other reasons? like Japan reactor starts? I know China will have dozens of reactors online in the next five years and might have to start buying long term contract as well. Former soviet block currencies got hit due to oil price drop, so the uranium production cost also went down with the currency. Do you think price of oil rise will make their currency rise as well so their Uranium product will sink to loss?

Thanks gain.

Hey there dragonite – I just saw your comments and greatly appreciate you sharing what you are up to in to these days with the Uranium stocks.

I believe the gradual spot price increases from around $18 up to $25 were destined to happen regardless of the supply cuts as it looks like a large double-bottom from those same levels at this time last year. It will be surprising if we ever see those lows again on a move forward basis.

As for the supply cuts from Kazakhstan, Paladins demise, and now Cameco’s cuts and moving their mine to care and maintenance, we do have a better supply reduction occurring across the sector now. In addition, the Department Of Energy in the US finally is curtailing some of its massive dumps into the spot market under Rick Perry, that were abused and quite destructive to the Uranium miners during the Obama administration. Another secondary supply area that is shrinking is all the underfeeding from Russia that has plagued the space for years…..it is finally coming back down according to people that track the supply from their centrifuges.

Lastly there were a few new reactor deals announced recently like 6 more large reactors to start construction in China, and a few in the Middle East. As for the restarts, Abe’s landslide win at the election in Japan was a big boost of confidence to getting more of their reactors back online.

I believe we are finally seeing SENTIMENT improving in the Uranium space again, and this bodes well for 2018 and beyond.

As mentioned above, it is ultimately the longer term off-take supply contracts that need to get renegotiated higher in the $40s-$60s to get the wheels turning…

As for stocks I’ll just repost a previous comment, as nothing essentially has changed in my thoughts on the miners.

________________________________________________________________________

Yes, as it relates to the #Uranium stocks, just like most sectors, I like holding a small portfolio of companies in different phases of the mining cycle – #Producers, #Developers, and #Explorers.
I sold off more Uranium miners earlier in the year to move more focus into Zinc, Gold, Silver, and Lithium in 2017, but I still hold positions in $UUUU, $URG, $DNN, $UEC, $NXE, and $ARY.
Earlier this year I had a position in $URRE but sold on the surge because I didn’t like their new split focus on Lithium and Uranium, and they didn’t have a solid strategy around the ISR plant they bought in Turkey to my liking. Earlier this year $BKY.L $LTBR $LEU $BMN.AX $UEX and $AL were part of my portfolios but I am out of those at present but considering buying back in. Others I’m watching and may jump on are $PEN.AX $SYH $WUC $DYL.AX $AZZ and $TOE.AX

I’ve been closely following the Uranium miners since 2010 and remember how some of the assets got traded around or absorbed by other companies and that is why I hold $UUUU and $DNN as both are solid, with great assets, and will survive the final phase of this very ugly bear market in Uranium.

A big part of my exposure is in the low cost/easy to permit/less disruptive nature of Insitu Mining, so that is another reason I like the old $URZ assets and the Alta Mesa assets that $UUUU acquired, as well as interest in ISR companies like $URG $ARY and $PEN.AX. In addition the new Palangana project at $UEC is insitu as well.

As for other hard rock #Developers I believe $BKY.L $BMN.AX $WUC $TOE.AX $GXU and $PLU that are going to moving forward with their projects and can technically operate in lower pricing, but clearly would benefit from rising prices into the $40s or $50s. None of those are screaming buys at these low U prices though, so that is why I’m not currently positioned in them.

When it comes to advanced #Explorers moving into development $NXE is the clear pick of the litter for a Tier 1 project with insanely great economics, but there are still other companies like $SYH $UEX $AL $AZZ $DYL.AX $PTU doing interesting work. There are other explorers I’m following that are less visible & liquid, but they are even more speculative and not a priority.

Al:

JohnK is showing the total lack of knowledge or logic found at the top of every bubble. He can’t justify any reason to own it other than it’s gone up. Some of his statements are beyond absurd. For example

Pretty hard to fool an ol truck driver/carpenter/unemployed commercial fisherman/Lead Data Analyst.

Really?

Bonzo:
If I ‘d had the money and purchased Bitcoin everytime someone did a negative post about it,I would be running my own investment fund.
Oh wait, I am running my own investment fund.
How else do you go from fisherman to lead data analyst?

I never thought about it Al, but maybe a “working” life would be interesting to an office person.
I found it to be mostly blood and sweat.

Big Al:
Life is just starting to get interesting. I have started the journey into the writings of Ludwig Von Mises.
So far I have read 86 pages and have had to learn 95 new words.

Bob:
I have purchased all your books and read them to.
I have also loaded mk 82’s.
I didn’t fall for anything here. What I did do is recognize the psychology that is driving the Crypto space.
Try this one.
The very existence of human reason is a nonrational fact.
The question is not whether we are in a bubble with Bitcoin. The question has become, Do you have more balls than brains?

Crude oil and Kerosene burn at about the same temperature.
The 120-180 barrels of Crude I use to haul is about what a commercial jet holds.
I’ve seen the aftermath of tankers burning to the ground.
Crude oil fires don’t melt steel.

JohnK:

BFD. I’ve dropped more MK 82s than you have ever viewed, much less loaded.

With 832 missions behind me, no-one has ever been stupid enough to ask about how much balls I have. You are a first.

Bob:
I wasn’t talking about you,I was talking about me.
At some point I have to take some profits.
Were just not there yet.
I know your story Bob, I’ve read your book. Before that I found your video on you tube.
At one point I even considered finding out where you were at and have you sign my book. It’s unfortunate that it has to come to this.
But it is what it is.

That would be my bad.
Do “I” have more balls than brains?”

I have no idea about Bitcoin, other than “the madness”, but Zimbabwe BC went to $13,000 american, Venezualan went thru the roof too.

Seems when an economy crumbles BC goes parabolic, people are not jumping to PMs.

Would/will they in the states? kids love techy sell phones and wouldnt take an once of gold for a coffee at a drive thru window.

So people choosing PMs or BC in the west is at least debatable.

See zerohedge post below……………………

b…..Bix says he still likes silver, but, did advocate selling some silver to by bitcoin, and then buy silver back later after bitcoin runs up some more.. Bix did say also, that he sold some bitcoin , when it was at $7k, just to drag some off the table.

John, I would have to agree with you……..
The rot has come to the surface for all to see……

Eph. 5……..8For ye were sometimes darkness, but now are ye light in the Lord: walk as children of light: 9(For the fruit of the Spirit is in all goodness and righteousness and truth;) 10Proving what is acceptable unto the Lord. 11And have no fellowship with the unfruitful works of darkness, but rather reprove them. 12For it is a shame even to speak of those things which are done of them in secret. 13But all things that are reproved are made manifest by the light: for whatsoever doth make manifest is light.

that accounts.
What the hec was I doing in typing class?

The experiment that he was talking about earlier this year, was being done in Seattle…I think……..