Company Updates From Management – Wed 29 Nov, 2017

Miramont Resources Update – Completed Puno Gold Acquisition and Plans For 2018

Miramont Resources (CSE:MONT) is a Company I invested in a few months back after the Chairman Quinton Hennigh introduced me and I had a chance to chat with the President Bill Pincus. We introduced the Company back at the tail end of August. The link to that interview is below and should be listened to first for a more in depth understanding of the properties now held by Miramont.

In this update Bill joins me to recap the recent news of completing the Puno Gold acquisition as well as raising C$6 million. With the cash in the bank and properties now owned by the Company we look ahead to the exploration plans for next year.

Click here to visit the Miramont website for more information on the Company.

Click download link to listen on this device: Download Show

***Click here to listen to the first interview with Bill and I where we take a closer look at the two properties, Cerro Hermoso and Lukkacha.


Cory FleckBill Pincus

  1. On November 29, 2017 at 12:26 pm,
    CFS says:
    • On November 29, 2017 at 12:39 pm,
      Excelsior says:

      CFS did you see some of the articles and interviews posted over the last few months and last few weeks on Cobalt. It has been one of the best performing sectors this year.

      • On November 29, 2017 at 12:40 pm,
        Excelsior says:

        Darn — that chart will only post as a 1 month chart, but if you drop the date back to Nov 1st of 2016, you’ll see how well Cobalt has done over the last year.

      • On November 29, 2017 at 12:51 pm,
        Excelsior says:

        LME launches probe on cobalt suppliers over fears of child exploitation
        Cecilia Jamasmie | Nov. 22, 2017

        “The London Metal Exchange (LME), the world’s biggest market for industrial metals, has launched a probe into whether cobalt mined by child labour is trading on the exchange, following several reports indicating that minors are being exploited to extract the coveted mineral.”

        “Members of the century-old trading platform first raised concerns about questionable cobalt this summer, Financial Times reports, as they feared some of it could have come from mines in the world’s leading producer — the Democratic Republic of Congo, largely accused of child exploitation.”

        “The electric vehicles (EV) boom has impacted cobalt prices this year and the metal is trading at around $61,000 per tonne, the highest in more than five years. That makes of cobalt the most expensive of the minerals required for manufacturing EV batteries.”

        “According to commodity researcher CRU Group, about 60% of the mined cobalt is used to make batteries and most of that supply (54% according to data from Bloomberg Intelligence) comes from the DRC, which also holds about 49% of the world’s known reserves.”

        • On November 29, 2017 at 12:54 pm,
          Excelsior says:

          Nick French: We Are Approaching The Cobalt Cliff

          Palisade Radio – Collin Kettell – November 17, 2017 #AudioInterview

          • On November 29, 2017 at 12:56 pm,
            Excelsior says:

            Cobalt miners watchlist:


          • On November 29, 2017 at 2:00 pm,
            Dick Tracy says:

            Ex, if the price of cobalt goes too high believe you me they will find a substitute, that has always been the case. DT

          • On November 29, 2017 at 2:09 pm,
            Dick Tracy says:

            Now is the time to get your feet wet with cobalt, the herd will start turning headed straight for the price rise. DT

          • On November 29, 2017 at 2:12 pm,
            Dick Tracy says:

            Sock it to me, sock it to me! DT

          • On November 29, 2017 at 4:15 pm,
            Excelsior says:

            DT – There isn’t a good substitution for Cobalt at this point for reducing heat from the Lithium or for efficiency and storage of energy but even at the prices we see today, many companies could be profitable at these levels. Of course, most of these deposits are polymetallic where the Cobalt occurs with Nickel Copper or Silver deposits.

            There is a small movement to replace the Lithium battery with the Vanadium battery, but it hasn’t even got a toehold yet, so it’s a bit early to position in front of that trend.


            Vanadium-Flow Batteries: The Energy Storage Breakthrough We’ve Needed
            James Conca – Forbes – Dec 13, 2016


          • On November 29, 2017 at 4:17 pm,
            Excelsior says:

            DT – I did end up starting to build a position in (LEM) (LEMIF) Leading Edge Materials corp. by the way, to get a little Graphite exposure, and they acquired one of the flagship projects of the last Rare Earth bubble – the Norra Karr deposit that Tasman used to to have. My primary interest is in the Graphite project though due to the batteries and energy storage markets continual expanse.

            > They have a past- producing Woxna graphite project in #Sweden (good jurisdiction), and they are getting ready to put it back into production in the near future.


          • On November 29, 2017 at 5:26 pm,
            Dick Tracy says:

            Ex, LEM’s graphite mine at Woxna is the only one in the world that can be put into production, there is one being built now in Australia but other than China that’s it. If you bought in now that would be an excellent entry point. DT

          • On November 30, 2017 at 12:03 am,
            Excelsior says:

            Yes sir. The old Flinders graphite project relaunched. Yes, being able to go into production right away, with all the infrastructure already built and in place is a YUGE advantage that (LEM) has over most of the other Graphite explorers.

            Graphite is the lagging battery tech mineral to take off, (unlike Lithium, Cobalt, Nickel, Copper). 2018 should be a good year for for this laggard. 🙂

        • On November 29, 2017 at 3:56 pm,
          Excelsior says:

          Congo Trouble Drives Cobalt Higher.

          Sean Brodrick – November 28, 2017 – talkdigitalnetwork

          • On November 30, 2017 at 12:57 am,
            Excelsior says:

            Lithium, Cobalt Price Run is Sustainable, Says Chris Berry
            SmallCapPower – Oct 13, 2017

            “In this interview with SmallCapPower at Mines and Money Americas 2017, House Mountain Partners, LLC President Chris Berry provides his outlook for battery metals, specifically the cobalt price and lithium, and why he believes the bottom might be in for the uranium market. He also talks about some of his biggest investment mistakes.”


          • On November 30, 2017 at 1:11 am,
            Excelsior says:

            Why Cobalt? An Interview with Sam Broom