Tier One Silver – A discussion on the upcoming drill program at the Curibaya Project and when the stock will be trading
Peter Dembiki, President and CEO of Tier One Silver and Ivan Bebek, Co-Founder and Co-Chairman both join me for an update focused on the upcoming drill program and listing.
The Company recently announced the acquisition of the Hurricane Silver Project in Peru. We start with that news and move into the upcoming drill program at the Curibaya Project. This will be the main focus and catalysts for Tier One Silver. Of course we also discuss when the stock will be free trading.
If you have any other questions for Ivan please email me at Fleck@kereport.com.
Click here to visit the Tier One Silver website and learn more about the Company.
Gary says it’s going up soon: https://goldseek.com/article/gold-update-cracks-cartel-manipulation.
Also looks like tech is breaking big today……..hoping for a speedy resumption tomorrow. Should be eventually good for metals. JMO
Well Gary thinks the cartels are going to lose control of keeping things damped down, and Gold will be breaking out through resistance soon. We’ll see how it goes.
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“I am of the opinion that the gold cartel will lose this battle to keep gold under $1,800. But expect the cartel to attack, but soon gold will break through the resistance zone.” – Gary Savage
Eloro drills 56.2 m of 196 g/t AgEq at Iska Iska
2021-05-04 07:15 ET – News Release
Mr. Tom Larsen reports
ELORO RESOURCES’ FIRST DRILL HOLE AT THE ISKA ISKA PROJECT’S CENTRAL BRECCIA PIPE ENCOUNTERS MULTIPLE MINERALIZED INTERCEPTS INCLUDING 196 GRAMS SILVER EQUIVALENT/TONNE (G AG EQ/T) OVER 56.2M AND CONTAINING 343 G AG EQ/T (274 G AG/T, 0.16% SN AND 0.16 G AU/T) OVER 27.5M
Eloro Resources Ltd. has provided an update on its Iska Iska silver-tin polymetallic project in Potosi department, southern Bolivia.
Silver Elephant drills 2 m of 813 g/t AgEq at Sunawayo
2021-05-04 09:24 ET – News Release
Mr. John Lee reports
SILVER ELEPHANT’S SUNAWAYO DRILLS 2 METERS OF 645 G/T SILVER, 5.1% LEAD, 1.3% ZINC, 0.2% COPPER WITHIN 5 METERS OF 380 G/T AGEQ, INDIUM AND GALLIUM ASSAYS PENDING (Bolivia)
Think I’ll just hold on to NFGFF as QH says it may get even better as they drill closer to the Appleton fault. And I’m hoping that Labrador and NuLegacy will amaze us too.
Bozno,
I have a downside target of 2.70 your nuts lol..Thank me later
Glen – you’re alive!
We were asking last Wednesday where you’ve been the last few weeks, as we hadn’t seen you posting for some time. Hope all is well.
Hey Ex,
Im here 🙂 thank you for the concern. Just really taking a sideline approach. Keep up the great work with the companies and the value they bring.
Been watching bear creek mining can you/matthew and any others tell me your thoughts on it and its balance sheets? Is this companys management team superb?
Thanks
Glad you are doing well Glenfidish, and thanks.
As for Bear Creek, I don’t own it but have followed it for many years, and it is at an attractive point as far as it’s current valuation after the correction it’s had in price. They have a very large but lower grade bulk tonnage project that will have nice optionality to rising Silver & base metals prices, and yes they have a solid team. They’ve been on the market for the last 2 metals cycles, kind of like a Seabridge or International Tower Hills in the gold sector.
Personally, If I wasn’t already positioned in so many other silver companies, then it is one I’d consider as an optionality play for a rising tide. Currently my Silver optionality plays are more around Discovery Metals, Kootenay Silver, Orex Minerals, Brixton Metals, and Bayhorse Silver. I’ve also owned Southern Silver and Silver Bull off and on for Silver/Base Metals optionality.
Thanks a bunch Ex! From your list i really like brixton and kootenay although I dont think you can really go wrong with any of them.
thanks again..
Glen, I can’t speak about BCM’s management since I don’t follow the company but I did notice that it is still losing money (about $12M last year and $17M in 2019). It lost 3 cents per share during Q3 and Q4 last year which was UP from its Q2 loss per share of 2 cents.
Without knowing the reasons, of course that does not look good after such an increase in the prices of most if not all metals.
The balance sheet is very strong with virtually no debt compared to cash/cash equivalents.
(BCM) Bear Creek is a development stage story, so they are not producing or making any money, and like all pre-production stories simply burn through money.
Well there you go.
The breakdown is on page 6 here:
https://bearcreekmining.com/site/assets/files/4502/bcm_q4_2020_fs_final.pdf
Yep. Such is the life of a pre-production story explorer or developer in the resource sector.
They do have a massive bulk tonnage Silver project in Peru, and have been at it for a while, and much of the initial exploration work was overseen by legendary mining explorer David Lowell, who was the Chairman of Bear Creek until he passed away last year. That is what initially got my attention years ago.
https://minerals.arizona.edu/content/j-david-lowell
I’ve seen Catherine McLeod-Seltzer, the current chair, do many interviews over the years and I always come away impressed, and she studied and worked with David Lowell for 2 decades, and was involved as a director and in management with a number of other Gold and Diamond companies in her career.
Again, I don’t own the stock and never have, but I respect their team and project, and believe they are finally moving it towards development and construction to eventually be a producer. It’s kind of like MAG Silver, but not as zesty of grades or economics.
Matthew and Ex thanks for all that info. I like that there balance sheets or debt is controlled. The share structure is not to bad with 112,000,000 roughly outstanding. Nut as you both put it they dont produce as of yet. So there is a risk/reward if things head in the right direction.
I happened to notice when it makes its runs during the bulls it really goes speculative or not money has gone in from pass.
Thanks again guys..
Labrador has doubled it’s drilling just recently.
Osisko Mining drills 2.7 m of 124 g/t Au at Windfall
2021-05-04 09:17 ET – News Release
Mr. John Burzynski reports
OSISKO INFILL AND EXPANSION DRILLING HITS MORE HIGH-GRADE
Osisko Mining Inc. has provided new analytical results from the continuing drill program at its 100-per-cent-owned Windfall gold project located in the Abitibi greenstone belt, Urban township, Eeyou Istchee James Bay, Quebec.
12.1 m of 23.82% ZnEq at NewMetal
2021-05-04 07:24 ET – News Release
Mr. Johnathan More reports
STARR PEAK REPORTS MAIDEN DRILLING RESULTS UP TO 20.94% ZN, 0.43% CU, 39.58 G/T AG AND 0.21 G/T AU OVER 12.10 M AND A NEW DISCOVERY AT DEPTH WITH ADDITIONAL MASSIVE SULPHIDES
Starr Peak Mining Ltd. has released drill results from its continuing 2021 drilling campaign initially focusing on the Normetmar trend at depth of its NewMetal property, located in the Abitibi greenstone belt of Quebec.
55 North drills 15.7 m of 19.25 g/t Au at Last Hope
2021-05-04 07:21 ET – News Release
Mr. Bruce Reid reports
55 NORTH MINING INC. INTERSECTS 19.25 G/T AU OVER 15.7 METRES, A SIGNIFICANT WIDENING OF HIGH GRADE GOLD MINERALIZATION AT DEPTH
55 North Mining Inc. has released assay results from four additional holes of a continuing diamond drill program at its high-grade Last Hope gold project, located near Lynn Lake, Man.
Artemis Gold drills 27 m of 12.5 g/t Au at Blackwater
2021-05-04 07:18 ET – News Release
Mr. Steven Dean reports
ARTEMIS PROVIDES INTERIM RESULTS OF GRADE CONTROL DRILLING OF HIGH-GRADE NEAR SURFACE MINERALIZATION
Artemis Gold Inc. has provided an update to its grade control drilling program that commenced in the fourth quarter of 2020, targeting the planned high-grade starter pit at the company’s Blackwater gold project in central British Columbia, Canada.
Endeavour Ag drills 4.1m of 2,982 g/t AgEq at Guanacevi
2021-05-04 07:03 ET – News Releas
Mr. Luis Castro reports
ENDEAVOUR SILVER INTERSECTS HIGH-GRADE SILVER-GOLD MINERALIZATION AT THE GUANACEVI MINE IN DURANGO, MEXICO
EXK puts out a monster drill hit and yet sells down 3.4% today. Crazy.
Tomorrow maybe is its day. Today is my down day…wiped out Monday. That is as scienfific as I can get.
I hear ya David, as today’s pullback in the PMs has washed out some of the gains from yesterday, but it is still weird to see Endeavour Silver selling off on such impressive exploration results.
I considered EXK when looking at Bluestone again. Bluestone did nothing also (acutally I picked it up on a down move). The only reason I did Bluestone was getting about 5 times as many shares. They both looked like a buy. My stocks have been hit when putting out good news. I still stick to my thoery that the miners should see how the miners open in the US before putting out good news…or bad news for that matter. Just me and my suspicious mind…
Yes, it’s a strange period again where even the good news that many companies have been putting out for the last few months has been used as a selling liquidity event. I’d submit that people buying into fundamental news strengthening, while the prices are correcting, is money shifting from weaker hands to stronger hands, but it will be nice when the trend changes back to good news getting a nice bid from the market. We are still seeing the smaller exploration stocks move higher if they put out insanely great drill results, but good results or even solid success from the larger Jrs and Mid-tiers is no longer good enough.
Granted when the metals prices start rallying again like they did last year in another strong impulse leg higher, then it will be the reverse where even bad news gets bought. In that kind of a market even the turds will float to the top. Haha!
Orosur drills 23.75 m of 17.4 g/t Au at Anza
2021-05-04 06:22 ET – News Release
Mr. Brad George reports
OROSUR MINING INC ANNOUNCES COLOMBIA UPDATE
Orosur Mining Inc. has provided an update on the progress of Minera Anza’s drilling campaign currently under way at the company’s Anza project in Colombia.
Bluestone Resources Inc (3)
Symbol BSR
Shares Issued 150,141,816
Close 2021-05-03 C$ 1.54
Recent Sedar Documents
View Original Document
Bluestone drills 28.6 m of 11.6 g/t Au at Cerro Blanco
2021-05-04 06:00 ET – News Release
Mr. Jack Lundin reports
BLUESTONE ANNOUNCES ADDITIONAL DRILL RESULTS INCLUDING 28.6 METERS GRADING 11.6 G/T GOLD AND 217.6 METERS GRADING 1.4 G/T GOLD
That’s a good drill hit from BSR Bluestone, 28.6 meters of 11.6 g/t gold. The market is still asleep on it though…
Clearly, SPRING has SPRUNG, with all these drill results reported today….
Should I be worried that BM is talking about my new fav Black Wolf
http://www.321gold.com/editorials/moriarty/moriarty050421.html
Wolfster – Congrats on the big move higher and exploration success in Black Wolf. Well done!
Thanks Ex…..it’s only beginning. It’s another Kodiak
Gold attempted a run at 1800 down it comes.
Doge coin, ether cryptos skyrocket, funny how that works.
The move higher in Dogecoin is cracking me up. Elon Musk is responsible for much of the renewed interest, and his latest tweet about being the “Dogefather” is ridiculous… but apparently effective.
Ex, Dogecoin has become Doggycoin, or Dogeecoin! WOOF, WOOF! DT
I read that one of them is bigger than walmart now.
How?
B – It’s the magic of SPECULATION!
Walmart has a market cap of $396 Billion
Bitcoin has a market cap of $1 Trillion
Ethereum has a market cap of $390 Billion (about where Walmart sits today)
… and Dogecoin (Doggycoin) that started as a joke about Sheiba Inu meme now has a market cap of $72 Billion. [not a bad valuation for a joke]
BTW – as of this morning Dogecoin now has a market cap of $87 Million. Crazy!
Yes DT – “Bow wow wow yippi yo yippy yay” (as Snoop Dog famously rapped).
Janet Yellen say’s US rates may have to rise to slow the overheated economy, what she really means is if interest rates rise The Fed will only print more money to cover it’s balance of payments on the debt. She must be staying at Willie’s ranch! DT
Thank you for your comment, Your Welcome! LOL! DT
A reason gold dropped, always something.
Life never stops coming at you, over and out.
The market opened today…that is all they need for gold to drop.
Yellen is giving lip service to something most smart investors already understand…
Inflation is not just going to be “transitory” and as it ramps up, the FED will be “behind the curve” once again, and raising rates to keep up with hotter and hotter inflation.
That will actually be good news for Gold in the long run, but the initial reaction today at considering the rising rates was to punish the yellow metal. They heard rate hikes and sold, but didn’t consider that with inflation running much higher, it will still be moving real rates more negative in that kind of an environment.
US trade deficit hits record 74.4 billion in March, that’s what happens when you give away your manufacturing base and print money. Then Yellen comes out and says The US economy is overheating, all the sheeple are spending their stimulus money on goods made in China, or like The French say “Fabrique Au Chine”. Dt
https://apnews.com/article/global-trade-business-03afb2924c164f98c9947ca5f700d6c6
Today it was American banks that clobbered gold and silver, just after London closed.
Last time the manipulation was done in London.
These stupid banks think they are too big to fail, or will get bailed out.
They’re wrong in my opinion.
Could have been worse today. At least I had some Emerita and Vizsla to keep things from being a total loss.
speaking of Emerita resources, did you see Doc Jones put out Part 5 on his research?
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400 Million ozs of Silver!?! Emerita Resources stuns the market $EMO, Part 5
by @Drjimjones on 4 May 2021
https://ceo.ca/@Drjimjones/400-million-ozs-of-silveremerita-resources-stuns-the-market-emo-part-5
Good find Ex. Just sounds better.
As if we don’t have enough pressure on the PMs we may get more as we enter May—-the conventional markets are looking really shaky here. We could start to see a “go away in May” move and that won’t be a positive for PMs although we’ve seen most of the damage. We could sell off more but have probably seen 2/3rds of the pain. Patience will continue to be the meme but eventually the rewards will come.
Overall I hope we don’t see too bad of a market correction, as it could turn into a sell everything event that punishes my retirement fund in the general markets, as well as the resource sector (at least initially). Over time, I still expect the commodities and mining stocks to uncouple from that move higher even if the general indexes start trending lower for longer.
Currently I have 2 smaller inverse ETFs in place on the general markets (SQQQ to short the Nasdaq, and RWM to short the Russell2000) as hedge positions. They were up today, and have been trending since I picked them up 2 weeks back, but it doesn’t give me much comfort, for fear of the storm that may be gathering strength on the horizon.
Ex, the road to wealth is in lessening your losses sitting this terrible market out and waiting for the bottom. “Beware of the gathering Storm Clouds”. Take Miami Real Estate, or any hot spot, when the prices drop few will even be able to pay their property taxes although their homes will be worth maybe 10-25% of their previous value. When there are bank failures you will see subdivisions of unoccupied homes. These are years when our economy is supposed to be prosperous. Paper profits melt away very fast. The hysteria will become a national hysteria increased by the printing of trillions of dollars, intent on only making easy money but resulting in a Real Depression. DT
The fools we elect never foresee that the tax base is dwindling.
Add to that theft of the Treasury by Central Banking. It is not Main Street that causes their failure.
Good thoughts to consider DT, and yes there could be tough times ahead for the masses.
As for this market, it really hasn’t been too terrible yet, and if anything, it’s been 12 year of the longest and strongest bull market in the general US equities that we’ve ever seen. I still remember back in The Great Financial Crisis of 2008-2009, the reaction when I called our companies benefit department and said I wanted to max out my 401K contributions, taking it up substantially from the level it had been, and the person was like “Are you sure you want to do that in these markets?” Yes.
When everyone was at peak pessimism, and I was advising other families I met with in insurance and financial planning not to get off the rollercoaster at the bottom of a hill, nobody wanted to buy. That is how I knew it was time to get more aggressive with investing, and also timed out with when I started stacking Silver more seriously. People told me it was too risky to be playing in the stock markets, and many said they were leaving the markets and never coming back (famous last words, eh?) There were people that walked in an plopped down 6 figure and 7 figure retirement nest eggs into CDs and Money Markets, after having liquidated their IRAs, 401Ks, and 403B accounts. Talk about getting things A$$ Backwards.
Now, 12 years later, after an epic run in the markets, suddenly… everyone is a stay-at-home investor, people can only make money, and we are in the final throws of the everything bubble. I sold my house at an all time high in the real estate in the area I lived, just used the Cares Act to pull out some of my retirement early without the early withdrawal penalty, and when the markets have been at an all time high.
When everyone is piling in to buy more of the everything bubble, I’ve been liquidating assets and moving to cash, diversifying in my trading account and it was at an all time high ever yesterday, and I’ve started building short positions, when everyone thinks they can’t lose.
The human family on planet Earth is in for terrible reckoning at one point in the not so distant future, and there is nowhere “safe” to hide (Cash will be trash, the real estate bubble will pop, small businesses are going under, the bonds & precious metals and REITs and defensive dividend stocks will offer some protection but still get whacked, and all the insane high flying cryptos, SPACs, NFT art, collectibles, etc… are going to come back down to reality when gravity sets in. The best thing folks can do is have a good long-term store of food & grow food, water filtration, batteries to power their gadgets, power generation methods off the grid, and have a diversified lifeboat portfolio to ride the stormy waters.
The frenzy of speculation will continue, and the froth will keep bubbling higher, until the music stops. Then as Warren Buffet quipped, “when the tide goes out, we’ll see who was swimming naked.”
Ever upward!
Those who are prone to selling in May because it’s May have probably already done so, and they will regret it. A bigger factor is probably selling to cover taxes so we might end up with an A-B-C correction on the daily chart. If so, A and B are in place and C could take the miners back to the now rising 50 day MA.
https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=11&dy=0&id=p01266758194&a=941347611
GDX bottomed 2 months ago and, from a weekly perspective, is clearly bullish so strong pullbacks should continue to be bought (that’s my opinion, not advice).
https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=3&mn=3&dy=0&id=p33838496798
No one seems to realize it but GDX turned bullish vs the Nasdaq before it turned bullish vs the dollar.
https://stockcharts.com/h-sc/ui?s=GDX%3AQQQ&p=W&yr=3&mn=7&dy=0&id=p23302695423&a=948507271
Matthew:
Bingo…
Sell for taxes: 2 days to settle. 2 days to transfer to checking account. Sounds like this Friday or The following Monday for sakes to increase.
Well David, at least you did well enough in the markets last year to have a big tax bill.
That sure beats the opposite.
Good luck getting everything settled, transferred, and paid. I’m looking forward to reading posts where you are back to positioning for big gains, without the tax monkey on your back, and hope you have such a stellar year for the balance of 2021 that you’ll need to trim some back into those gains, for paying taxes next year.
Cheers!
Thanks Ex. It is a different mindset to invest to make gains to offset taxes rather than move in and out everyday when it seems a good time for future gain. I am chasing today, everyday. However, I found myself chasing Emerita down today. Pavlov’s dog on the loose. did I hear a bell…
The biggest consideration when trying to earn taxes short term is that if successful, it isn’t coming back…gone.
New Found Gold drills 17.7 m of 124.4 g/t Au at Keats
2021-05-04 09:08 ET – News Release
Mr. Craig Roberts reports
NEW FOUND INTERCEPTS 124.4 G/T AU OVER 17.7M AND 131.1 G/T AU OVER 4.65M AT KEATS
New Found Gold Corp. has released assay results from an additional four holes drilled at the Keats zone. These holes were drilled as part of the Company’s ongoing 200,000m diamond drill program at its 100%-owned Queensway Project (“Queensway”), located on the Trans-Canada Highway 15km west of Gander, Newfoundland.