A Very Special Update! – Tue 12 Dec, 2017

Jeff Pontius elaborates on the Corvus Press Release issued today regarding drill results.

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Featuring:
Jeff PontiusAl Korelin
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Comments:
  1. On December 12, 2017 at 7:21 pm,
    CFS says:

    Chip-chip-chipping away……..looking good.
    I liked your earlier results of:
    Corvus Gold Drills 54.9m @ 2.7 G/T Gold, Continues Expanding High-Grade Zones And Identifies New Targets At The Mother Lode Project, Nevada
    Any time the product of width times grade is over 100, I’m happy.

    Off Topic:

    https://www.youtube.com/watch?v=gIPBOmA66es
    Birthers looking maybe right.

    • On December 13, 2017 at 5:00 am,
      OOTB Jerry says:

      GOOD FOLLOWUP …Story on Obama’s FAKE BIRTH CERTIFICATE………….thanks….

    • On December 13, 2017 at 10:05 am,
      Matthew says:

      Of course the birthers were right. Even experts on the left admitted the certificate was forged.

      • On December 13, 2017 at 10:22 am,
        OOTB Jerry says:

        Told you….. good to be enlightened

        • On December 13, 2017 at 10:59 am,
          Matthew says:

          I never doubted it for a second. Where there’s smoke, there’s usually fire.

          • On December 13, 2017 at 11:02 am,
            OOTB Jerry says:

            You will have to admit , there were a lot of people on the other side, even around here.

          • On December 13, 2017 at 11:03 am,
            OOTB Jerry says:

            Maybe, Donald will dig up some old comments…….

          • On December 13, 2017 at 11:04 am,
            OOTB Jerry says:

            I bet OWL will not ever read this one……… 🙂

          • On December 13, 2017 at 11:06 am,
            OOTB Jerry says:

            Just goes to show , just how corrupt the system is ….and has been for a LOOOOOOG TIME>

          • On December 13, 2017 at 12:04 pm,
            Matthew says:

            Absolutely there were/are a lot of people on the other side. As with many discussions here, I keep quiet because I have a very low tolerance for the semiconscious among us.

  2. On December 13, 2017 at 2:41 am,
    CFS says:
  3. On December 13, 2017 at 3:50 am,
    CFS says:
  4. On December 13, 2017 at 6:07 am,
    OOTB Jerry says:
    • On December 13, 2017 at 8:34 am,
      Excelsior says:

      I took a small punt recently on (HIVE) the Ethereum miner run by Frank H. with Frank G. involved as well. While Bitcoin and the alt coins have really run, and Ethereum and blockchain companies have been super frothy, I felt like the miners may the undervalued area in this space and I like that they are more focused on Ethereum mining which has the stronger story moving forward.

      ________________________________________________________________

      * Cryptocurrency Revolution COMPLETE FILM
      Frank Giustra, Frank Holmes & Marco Streng

      rothmultimedia – Dec 8, 2017 (VIDEO)

      https://www.youtube.com/watch?v=YwtEUD2crwA&feature=youtu.be

      • On December 13, 2017 at 8:40 am,
        Excelsior says:

        It’s either getting ready to break out or break down after the sideways consolidation, and for the first time a number of bears are showing up to heckle folks in the HIVE room. Figured a little speculative punt may be in order, and if it craters and the air comes out I’ll likely step to the side and then add a much bigger position at lower prices. If it takes off though, then I’ll roll down the window and stick my head outside in the torrent of hot speculative air (lol)

        • On December 13, 2017 at 8:50 am,
          Excelsior says:

          Ethereum is up 17% today to $728. I see it’s utility as the provider of the blockchain platform as more valuable than some of the crypto only craziness, but it does have the crypto Ether as part of it’s process.

          Frothy – yes. Bubble – yes. Crazy – yes.

          There are a few other smaller blockchain companies that I may be willing to speculate on if they come back down to earth again. For now, at least I have 1 fishing pole in the water. (granted it could fall out of bed at any moment and go way underwater).

        • On December 13, 2017 at 8:52 am,
          Wolfster says:

          Yup in that one with you. Got in the tfsa so if it rockets that would be sweet. Canadian Zinc CEO was on bnn today btw.

          • On December 13, 2017 at 9:02 am,
            Excelsior says:

            Well, I probably got the timing wrong on HIVE, but there are dozens of people boosting that it will be a $10 stock by the end of next year. Normally that would seem like BS, but with the way 2017 went in a number of sectors, that kind of growth wouldn’t surprise me at all anymore. Again, I believe that they got started consolidating and building mining centers early enough, that it will be difficult form many companies to catch up at this point, and they are one of the few publicly traded miners which will funnel all the speculative cash into their coffers.

            I’ve given up on the valuation method (as none if makes any sense to me). The only reservation I have is all the free trading shares that are coming up, but unlike the miners, many seem to be holding onto them for higher prices. If the selling starts though, then I may jump back out and reposition afterwards.

            I only like Canada Zinc Metals (CZX), but am not a big of a fan of Canadian Zinc (CZN). It gets confusing keeping track of both of them and I wish one of the 2 would change their names.

          • On December 13, 2017 at 10:48 am,
            OOTB Jerry says:

            Hive……is not one I would invest in…….jmo

          • On December 13, 2017 at 10:48 am,
            OOTB Jerry says:

            Management…..would be the reason………

          • On December 13, 2017 at 10:50 am,
            OOTB Jerry says:

            Btw……..everyone do their own dd on that one………. JMO

          • On December 13, 2017 at 11:36 am,
            Excelsior says:

            OOTB – I hear ya, about Giustra and Holmes, but they aren’t idiots either. As for investing with them, it wasn’t my main criteria. I wanted to focus on a crypto miner and between HIVE and RIOT the clear choice is HIVE.

            The company they took over (Genesis Mining) has a huge leg up on any other mining operation, and which other publicly held Ethereum mining operation would you recommend in their place? There aren’t any other publicly traded miners, as most are private or in Asia.

            The only other publicly traded crypto miner I’m aware of is (RIOT) and I definitely wouldn’t touch that one with a barge pole.

            As for the HIVE business model – it is sound enough, and it really had nothing to do with the 2 Franks — they just provided the money, liquidity, and promotion. The team over at Genesis Mining are the ones doing most of the work and the team that came up with the mining operation in the first place.

            As for people doing their due diligence, that should be true on any company or ETF or Mutual Fund that anyone ever invests in. Not like this one is any different or needs a special warning label. 90% of mining stocks or Oil stocks or Biotech stocks won’t work out either. If people want safe, then they can bet on the FAANGS. 🙂

            Again, the biggest negative facing them in the short-term are the free trading shares coming out recently, that were done at $.50 and $1.00 when the stock is trading over $3. There will be some profit takers here, (and who could blame them) but things have held up better than they would have in a mining stocks when shares become free trading. They also announced another financing today at $3 that wasn’t as well received, but that happens on every financing. The stock is down 14% today but it was up 20% yesterday. It’s quite volatile, but it is a speculative punt, and longer term may end up being a deep value play. For now the valuations in all the cryptos are unhinged from reality, so it should surprise anyone that a crypto miner is also swollen. It could turn around later in the week and spike up or down 30% and it wouldn’t be a surprise.

            My thoughts are that there will be a better entry point after it corrects down, but when something is in a consolidation pattern it can break in either direction, and I just wanted a small fishing pole in the water in case it broke to the upside.

          • On December 13, 2017 at 1:26 pm,
            OOTB Jerry says:

            H and G…..are not idiots…agree…..just crooks………jmo

          • On December 13, 2017 at 1:27 pm,
            OOTB Jerry says:

            They were birds of a feather , so to speak…..and they knew what they were doing…I think

          • On December 13, 2017 at 1:33 pm,
            OOTB Jerry says:

            If, they are managing money….it will not be with mine…….
            I think some others will come along with the same concept,

          • On December 13, 2017 at 6:05 pm,
            OOTB Jerry says:
    • On December 13, 2017 at 9:05 am,
      Excelsior says:

      good thoughts today from a savvy contributor on ceo:

      ______________________________________________________________________

      @PamplonaTrader – “The total lack of understanding of “store of value”, one of the essential functions of a currency, is very alarming to me.

      “Store of value” is not the same as speculation or investment. Investing and speculating is how you achieve a return ON wealth. When you hold your wealth in reserves, you are hoping for a return OF wealth, not return ON wealth.”

      “After you’ve taken profits by speculating in bitcoin or stocks, where do you store the value/wealth you’ve (presumably) created?”

      “Put yourself in the shoes of giants. Say you’re already making more money than you can spend… are you risking all that wealth or are you storing some of it in reserve? Taking it a step further, if you’re a central bank, what do you hold in reserve? Volatile and risky assets?”

      • On December 13, 2017 at 9:07 am,
        Excelsior says:

        @PamplonaTrader – “Gold is very different than Bitcoin. Gold represents physical settlement.”

        “Central banks hold gold in reserve to hedge against a crisis of confidence. Crisis of confidence means an aversion to risk and complexity. Where does bitcoin sit on Exter’s pyramid?”

        https://imgur.com/0hBfVcd

        “In a crisis of confidence, Central Banks will use real/physical assets (gold) to recapitalize their balance sheets against deflating financial assets. This is the function we know as “store of value”.

        • On December 13, 2017 at 9:09 am,
          Excelsior says:

          @PamplonaTrader – “The fact that you “can’t eat gold” is the very reason why it is ideally suited as a store of value. It’s price shouldn’t be determined by market forces like supply and demand the way commodities are priced. You see, commodity prices are volatile. Also, inflating demand for a useful commodity by holding it in reserve hurts the consumers.”

          “According to Locke, unused property is wasteful and an offence against nature, but, with the introduction of ‘durable’ goods, men could exchange their excessive perishable goods for goods that would last longer and thus not offend the natural law. In his view, the introduction of money marks the culmination of this process, making possible the unlimited accumulation of property without causing waste through spoilage. He also includes gold as money because they may be ‘hoarded up without injury to anyone,'[41] since they do not spoil or decay in the hands of the possessor. In his view, the introduction of money eliminates the limits of accumulation.”

  5. On December 13, 2017 at 6:44 am,
    OOTB Jerry says:
    • On December 13, 2017 at 6:46 am,
      OOTB Jerry says:

      Contempt of Congress

  6. On December 13, 2017 at 10:45 am,
    OOTB Jerry says:
  7. On December 13, 2017 at 10:54 am,
    OOTB Jerry says: