Thoughts From A Recent Site Visit To Brazil

July 8, 2019

Brain Leni, Founder of Editor of the Junior Stock Review website joins me to recap a recent site visit he did down to Brazil. We discuss the political climate in Brazil and what is important to watch in terms of developments for mining companies. We then get into the Company he was visiting, Amarillo Gold.

Click here to visit Brian’s site and follow along with his thoughts on the sector.

    Jul 08, 2019 08:14 AM

    Looks like GLD will soon fall about 3% to fill its June 20 gap:

    Jul 08, 2019 08:20 AM

    According to the Debt Clock
    There are:
    20 million Vets
    20 million Convicted Felons
    23 million Govt workers.

      Jul 08, 2019 08:08 PM

      I’d like to see a Venn diagram of that…wonder the intersection of Gooooberment “Workers” and Convicted Felons…and even better Unconvicted Felons (virtually all the politicians and Deep State for sure).

    Jul 08, 2019 08:30 AM

    Impact Silver is up 35% vs GDX in less than a month and appears ready to extend that gain significantly:

    Jul 08, 2019 08:49 AM

    Liked Brian Leni’s comment on his recent site visit to Brazil – meeting with Amarillo Gold (AGC or AGCBF). I agree that at the after tax IRR of 51% and I year payback at $1300 gold is outstanding – understand why Brian Leni owns the name.
    Given the current valuation, AGC indeed looks like an attractive takeout candidate, even though the CEO has the experience to build the mine. With the new management team, and stunning economics – it’s obvious to me that this company is still under the radar…for now!

    Jul 08, 2019 08:57 AM

    Matthew – Thanks for the chart. I have been looking at the ISVLF chart a lot lately. What is your next target for ISVLF? I am looking for $2.80 which is equivalent to the 500 day moving average and the 100 week moving average and might take a bit off there to re-allocate elsewhere. Between ISVLF and USAS I have a lot of exposure to silver. Trying to build some exposure to some other metals, particularly the energy metals which I have never really owned except some quick trades as I missed the last big move. Lithium Americas is looking pretty good hear. Ex mentioned Nickel in the Saturday post and was looking for one there also if you have any ideas.

      Jul 08, 2019 08:02 PM

      Oops, I meant USAS to 2.80. Holding ISVLF

        Jul 08, 2019 08:55 PM

        Hi Charles, I just now saw your questions about nickel companies and posted my watchlist and a few thoughts on the Weekend blog. Cheers!

        My preference is to look for early stage discovery of large deposits, or to gain exposure to Nickel through many of the PGM companies, but there is a nice list of companies posted there.

          Jul 09, 2019 09:13 PM

          Thanks as always Ex! I will take a look.

            Jul 09, 2019 09:32 PM

            As a follow up, I have been nibbling on Group Ten on pullbacks. I like the fact that the management team is associated with Alexco and Metallic Minerals. I got burned in PLG and pulled out when the South African government was talking about requiring companies to sell a majority stake to locals. The chart still looks constructive, but not sure I want to tip my toe in there. Do you know the latest on South African government current thinking on the above requirements? I know they have one heck of a resource they are sitting on. Polymet looks sick from a chart perspective. BTW – I haven’t followed HIVE Blockchain in a while. Wondering if you are still tracking that story.

      Jul 08, 2019 08:18 PM

      I want to see how USAS deals with the 200 wk MA at 2.68. It might need to pull back there before heading higher.

      Jul 08, 2019 08:33 PM

      At this time, I like base metal plays that also have pm exposure. Companies like Globex Mining and Strategic Metals look good and don’t forget that Brixton Metals and Kootenay Silver have exposure to industrial metals.

      I’d rather find myself uncomfortably overweight sectors and companies that I like a lot (management teams I trust) than to diversify in the name of safety. So I’m focused heavily on this gold/silver sector main event that been such a long time coming.

        Jul 08, 2019 08:37 PM

        At a minimum, the industrial metals and commodities in general come with too much opportunity cost right now but I’ll be looking to accumulate in the months or years ahead.
        I’d be much more interested in picking some standouts that can buck sector headwinds if the pm space didn’t look so good at the moment.

          Jul 08, 2019 08:18 PM

          Matthew, I tend to agree with that philosophy of looking for Precious Metals miners that have access to the base metals, and that was part of my point to Charles in my response back about nickel on the weekend show blog. Most of my Nickel exposure is through Platinum & Palladium projects, just like much of my Copper exposure is through Gold companies, and my Zinc/Lead exposure is mostly through Silver companies.

          Where I make the exception on Energy Metals is with Lithium and Uranium, where I want a company that is laser-focused on just those unique markets. I don’t like jack-of-all-trades companies in Lithium or Uranium or Graphite. If that isn’t their main focus, then I don’t want to own them.

          With Base Metals though (Copper, Zinc, Lead, Nickel) I’m fine with Gold/Silver/PGM companies having them in the mix.

          Good thoughts and discussion in this thread.

        Jul 08, 2019 08:44 PM

        Commodities are a more more appealing “hold” than stocks!

        Jul 08, 2019 08:05 PM

        Yeah with the 200 week overhead you are probably right.

        Jul 08, 2019 08:08 PM

        I do like Brixton and the diversity of metals. I might take another bite. Kootenay I am sitting on a pretty big loss, but I have not bought any in a long while so on a relative basis it is a fairly small position. I will have to look at that chart. I have not been following that one as closely on where they stand with mine development and getting into production or if it simply still and exploration play.

    Jul 08, 2019 08:20 PM

    White House Invites James O’Keefe to Social Media Summit on Heels of Veritas’ Google Exposé