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Aurvista doubles resource to 4.4M oz gold. Exactly the reason I brought this one to the board and put it on my year end no brainers list. Im planning on a meeting with Kieth M at PDAC in Toronto next week.
http://www.stockhouse.com/news/newswire/2017/02/28/aurvista-doubles-resource-to-4-4m-oz-gold
In early January Checkmate said
"Aurvista Gold Corp AVA.V - .18 MC16M - .15 in Dec
Great mgt, Proving up a 5 Million oz resource in Ontario. This company is going to be worth some $ and share price will follow."
You have to pay .38 today 2 mths later. Its still a buy at .38 but would look for the dip
Luke Were going to see the drill any day and I think we'll see .10 next week. Industrial Alliance Securities been the buyer today. Ameritrade had 2.2 Million shares for sale at .095 They raised their ask to .15
DNI Metals being such a small market cap company, was not for everyone, but it has been a no brainer for me. Their just getting started. Drill is either on the water or landed on DNI's property at which point they will drill out the property with PEA in less than 6 mths. This is paid for already and will prove DNI to be the hottest graphite company out there in the not so hot now graphite space. They will prove up the near best graded most economical graphite project out there from anywhere on the planet and are near the only company fully permitted to drill. Clean energy, equals lots more battery storage demand, equals higher graphite demand. Look for moves on the Oretec Lab in the near future with much news right after. Think about how they might use the lab synergies for their graphite project or other technologies that might play into clean energy.
Progress becoming reality is going to be the catalysts for the word getting out. Lots of progress coming very soon!!
DNI Metals Now bidding .07 with no shares available until .15
THis is the 4th plus 100% up stock from my year end list OF 11.
ORV Orvana will be the 5th shortly. I sold USA Silver to buy this and will enter back in USA later in the year.
GWA Gowest gold should make a nice move before midyear. Things are going well and Harte gold HRT.V their best comparable, just keeps going up as the market see what they have. Gowest is about 6 months time behind them
DNI Metals being such a small market cap company, was not for everyone, but that was a no brainer for me. Their just getting started. Drill is either on the water or landed on DNI's property at which point they will drill out the property with PEA in less than 6 mths. This is paid for already and will prove DNI to be the hottest graphite company out there in the not so hot now graphite space. They will prove up the near best graded most economical graphite project out there from anywhere on the planet and are near the only company fully permitted to drill. Clean energy equals battery storage, equals higher graphite demand. Look for moves on the Oretec Lab in the near future with much news right after. Think about how they might use the lab synergies for their graphite project or other technologies that might play into clean energy.
http://www.processortech.com/
I have another extremely hot company Im currently finishing up DDing. This is an anomaly in todays market. Such an anomaly, I thought there had to be something wrong.
Thanks for noticing Koz
Checkmate28
LOL. I get it ready for the spring.
DNI Trading up!! No shares available. If you wanted 250,000 shares, you would have to take out all the way up to .09
LMV-H.V Dr Air I had a look since h=the punch line sounded interesting. My observations from about 10 Min of DD.
PEA Comes from Stantec. That's a first class conservative operation not willing to risk their reputation.
A National Instrument 43-101 independent Technical Report, that will include detailed information on Los Filos and the potential underground mine at El Bermejal, is being prepared by Stantec Consulting International LLC
The Reserves-Only LOM plan has an 8 year mine life producing a total of 1.256 Moz gold at an average AISC of $803/oz. The Bermejal U/G PEA has the potential to add 1.392 Moz of gold production over an 8 year mine life at an average AISC of $439/oz. The Bermejal U/G PEA has an upfront capital cost estimate of $47 million, primarily for the access ramp and equipment purchases, based on cost estimates by Stantec Consulting International LLC (“Stantec”). At gold prices ranging from $1,200/oz to $1,300/oz, the after-tax IRR is 93.8% to 107.2%, as the project benefits from using existing infrastructure, process facilities and therefore has fixed cost-sharing opportunities by operating concurrently with the existing Los Filos operations
The reality is those PEAs are always what if? But $810 AISC for the Pit and $440 AISC on just the additional underground 1.5M OzAu M&A, taking into consideration the mill is done paid for, and that they just have to ramp and develop the underground sounds doable. Gold at $1250, low energy and the FX advantage making a lot of companies happy these days.
One step at a time. Good one to watch.
Luke I use Ameritrade. I had the same problem as you. They were skimming .005 on the FX calculation. My solution, and it always works is to call a broker and ask them to reroute it directly to Canada through TD Newcrest.
Immediately (DELAYED 20 MIN) I'll see my correct bid on the CSE. I do an FX calculation, place my bid about .001 higher and I can always get the shares available at the ask. Yes on the PP and not sure on Industrial Alliance Securities.
Im sure there are share holders that expected this to go up much quicker. This will take care of itself when the market sees enough transpired to be able to put a higher value on the company. Im not worried at all.
AVA.V Aurvista +10% Now +100% last 40 days. That makes 3 stocks from 11 on my year end list that have been up 100% since my post.
I think Aurvista has a long way to go. I still like it on any pull back. This will be a large 5m oz bulk Gold mine with Copper and Zinc.
Market Cap still only 30 million. They are financed through the year for a 30,000m drill program.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127792495
Luke. Good work on finding the detailed Cougar timeline.
As to now, nobody but a few of us are believing this.
The Day of Reckoning is near. April's results will be here before we know it. It's about that time that the newsletter writers / analyst are going to recognize this project for what it is.
As news flows, share Price oughta move up and help facilitate funding the lab.
It's all happening Brother
Aurvista AVA.v Popped 30% today on 1M volume. No news other than some mgt changes
Luke Heres another Related tidbit. Great Lakes Graphite Receives Purchase Order From Western European Industrial Customer
2017-02-03T12:58:11+00:00
TORONTO, ONTARIO--(Marketwired - Feb. 3, 2017) - Great Lakes Graphite Inc. ("GLK" or the "Company") (TSX VENTURE:GLK)(OTC PINK:GLKIF)(FRANKFURT:8GL) announces today that the Company has received a purchase order for 400 kilograms of micronized natural flake graphite from a large corporation headquartered in Western Europe with two production facilities in North America and a third production facility in the Middle East. The customer was provided with an initial sample of two kilograms of material for qualification testing and is now purchasing a larger quantity to conduct production-scale qualification tests.
The customer manufactures foams and chemicals that are used in a number of industries to make a wide range of products that include range from a wood substitute used in signage to cryogenic applications used in natural gas production processes. In this particular case, the customer is targeting improved performance for a particular set of products, which has been achieved by adding graphite.
Great Lakes Graphite Chief Executive Officer Paul Gorman said, "We are excited to be working with this customer for a number of reasons. The customer represents new markets for us, both geographically and also in terms of the targeted application set. We have been enjoying strong early success with our synthetic graphite products and are now gearing up marketing efforts for our natural flake graphite products. We are continuing to work through our partners to manage the production of these initial orders and are able to do so until such time as we are prepared to initiate and transition manufacturing operations to the Matheson facility."
Mike Coscia, GLK's Sr. Vice President of Sales said, "Product qualifications typically take several months. In this case we sent initial samples just before Christmas and the customer was able to put the material through their initial qualification protocol very quickly. Our sampling program is proving to be an effective means of attracting prospects and serves as an excellent entry point for beginning the conversion process of turning leads into customers."
EXN.T Excellon Intersects 2,481 g/t Silver Equivalent Over 3.0 Metres at Platosa
http://finance.yahoo.com/news/excellon-intersects-2-481-g-120000654.html
Highlights
686 g/t Ag, 4.69% Pb and 6.18% Zn or 1,193 g/t Ag Equivalent ("AgEq") over 2.4 metres;
504 g/t Ag, 4.33% Pb and 7.08% Zn or 1,041 g/t AgEq over 2.0 metres;
843 g/t Ag, 0.41% Pb and 0.02% Zn or 861 g/t AqEq over 1.2 metres;
High grade intersection of 795 g/t Ag, 9.25% Pb and 25.85% Zn or 2,481 g/t AgEq over 3.0 metres
That equivalent to 35 Oz gold! Jeez Hard to Imagine. The dewatering project has allowed them to start working on the stopes at the 623A mantos. Company says 2nd half they'll actually be mining this stuff. Might be a good idea to find an entry mid summer.
Going to be a game changer and this is going to happen like clock work.
Tried to buy it on Mon for my pic 3 at about 1.70 but I flubbed the trade by not understanding the rules. No probs I bought Gowest instead and it looks like there getting ready to get noticed.
Edge Sweet! Glad to hear it. The story on how William Shariff got those properties 6 -7 years ago is fascinating. He out smarted everybody and got them for free on a land staking event. I did a quick google but couldnt find it. Good read if you can find it.
GPY.V Golden Predator Another +16% on $8M in volume on no news.
Just others catching on. Monster grades over there at 3 Aces
Dr Air Thanks for the work in putting that info together. I know what it like when you have a wall of other work that need to be done.
Did you get a chance to stop by the Aurvista booth?
GWA.V Gowest News today. Got the initial tranche of US$5,600,000 pursuant to the previously announced Pre-Paid Forward Gold Purchase Agreement. They should be moving along now. Payments dont start for 27 mths so $ pressure is off. They will have all revenue from the bulk sample to reduce the need for further financing. By then they'll be in commercial production.
Harte Gold HRT.T, Gowests closest comparable is moving up!
Harte Gold Market cap now $156Million Thats triple Gowest.
Harte Similar resource/PEA and operation (both tolling for now) and just 50km down the road.
HRT.V Plans are to finance and build a 550TPD Mill 1/3 the size of Gowests
Harte just got approval for Phase 1 commercial production of 30,000 ton
Planning for Phase 2 commercial production from their 550tpd mill in 2018.
Harte has 510M fully diluted shares and now will have to figure out how to finance the mill.
Gowest is just months behind these guys fully set up with a perfect 1500tpd mill. Even though the PF is for about 50k/yr, this mill would support 100K oz/yr at sub $900 AISC without ore sorting. Remember that word ore sorting.
Its these things that will move up the GWA share price and close the gap. Closing the gap would bring Gowest share price up 200%
The market is looking for low CAPEX, Hi grade, Hi IRR projects.
For now, I believe the market is treating Gowest as an exploration play with the wait and see attitude. They will soon be viewed different.
Gowests partners and insiders control about 45% of the shares so their aligned with us and can stop a low cost take out.
For the future, Gowests Bradshaw resource has 1.2M oz @ over 6gpt (3 gpt cutoff). Its open on strike and at depth. The 1300m strike is nearly the largest in the entire Timmins area. This is from just 1% of their land. They have 17 other targets with Bradshaw type signatures. Due to the heavy over burden in the area, previous technology could not find the gold. Ive seen a geo magnetic fly over map on a 40 foot wall at a dog and pony show for bankers. The whole area is hot. Once they start cash flowing at Bradshaw, they will continue drilling out the other targets and expanding.
Also Gowest in the middle of JV for 1500tpd mill. Great deal. I believe we will see Gowest move their Autoclave to that property to act as a central processing center for refining the areas refractory ore. Goldcorp noted the need for a central center in their annual meeting.
Next potential catalyst GWA's. Gowests Whitney claims lie 1km from the Hallnor Gold Mine. The Hallnor Gold Mine was among the richest in the Timmins camp, with grading of 0.41 OPT Au and produced 1.7 million ounces of gold from a 65 hectare area. Gowest has 150 Hectors. GWA's Whitney property sits in the middle of Tahoes Whitney project. Tahoe got the green light to move that project forward. They will surely knock on Gowests door to get that property they must have. Rumored to be worth $25 M as it sits.
I dont have one worry about these guys getting things done. They have executed prudently and would have been in production long ago if it weren't for the 6 year wait for the permits and POG.
http://www.gowestgold.com/wp/wp-content/uploads/2016/04/Fact-Sheet.pdf
Checkmate28 JMHO
beigledog Thanks for the nod. +200% for both NXS Nexus Gold and GPY Golden Predator since Dec tax sale time.
From that list and from todays valuation, I expect to see multi bags with best risk/reward ratios from ORV, PRU and DNI . DNI is too small to get any position in a hurry but good things happening soon over there. All no brainers here.
USA AG EXN and GORO set for nice low cost production increases this year. This will lead to improved quarterly reports.
USA and EXN should lead AG and GORO in time. All no brainers here
GPY Golden Predator and Nexus. Im excited to just see where they go. The easy money was just made and I cant call them no brainers anymore.
GWA Gowest Gold. This is still my largest position. I see steady careful growth focused on low cost CAPEX and OPEX, a future gold camp and a Timmins ON big name in the works.
Aurvista Gold Going to be a 5M oz bulk mining project in Ontario that someone is going to want to pay a lot of money for. Surrounded by giant mines. MC $20M
KL HL PASS Solid producers focused on low cost production with growth
Out of the gate in Dec 2015/Jan2016 my posting history will show I posted mostly about EXN GWA AG & GORO all 5 to 10 baggers for the 1st 6 mths in 2015 and all still solid investments.
Together this board will do well in 2017. China and the US GDP should push the base and industrial metals this year. USA EXN ORV GORO are strong polymetallic focused. DNI -A play on clean energy. Graphite is major ingredient for battery energy storage. Part 2 -the lab to focus on serving the mining Ind and to develop clean energy systems. DNI key words Saprolite-going to be a reckoning in the graphite space soon, mgt-look what Dan Weirs done so far, new directors/lab/CF- big Humm here. Market Cap at $1M whats to lose here?
Clean energies not going away, esp when you view from the worlds vision. I think when the s curve from cost, favors clean energy, so will Trump. Its inevitable and costs are coming down fast. Somebody near you will be driving elec soon.
Just some thoughts on where Im coming from.
Checkmate28
Perfectly clear this time. Esp this
now why use a limit order you may ask what is the benefit of one. What if you put the sell in at 12 noon, and had to leave and instead of the stock trading at .30 it traded and closed at .24 at the end of the day a limit order would protect you from not having a bad entry/exit point go through, but admittingly it can stop a trade and that may be good or bad. Hope this helps. Hopefully I explained myself better this time, as I said I'm no great writer, I'm a numbers guy.
Now I thought the limit was to use throughout the day which I thought would have been a lot of work, but instead, the limit only applies to protecting you at a bad closing price. Now if I knew that earlier, Id of sold that puppy at the close today. Knew I was missing something. Live and learn.
Thanks for everything!
Myopinion You posted on this board 6 times today. They were ALL replies to my post, and all the kind of spam stuff this board in not interested in seeing. Every Time you reply to my post, my IHub app rings my phone. I immediately log in to see what interesting new information might be out there, and I get either a blank ticker symbol or a short paragraph off the company home web page that anyone can find from you. I wish I could ignore the alias.
You'll repeat the same post the next day with the same cut and paste. This board deserves better quality than that and I think most here feel the same.
LOL I must be mis understanding something. To me NXS at .305 was a bad close. In the real world, with a limit to sell at .31, it would have executed when the 100k or more .315s or the several hundred K's traded at .31 went across after my limit sell went in. I would have avoided the close of .305
Trying not to be difficult, and more so, to understand for the future.
Maybe an example would help.
SSKILLZ1 On NXS I asked for a limit sell mid day at .31 Did those conditions not get met?
"well the limit is only good for the day. and if conditions aren't met trade doesn't go through. Not much more work I do my best to make the contest as good as possible and give people and opportunity to make the trades they want to. Hope this helps."
Perseus PRU.TO PMNXF Interesting you should ask today. I listened to the recorded conf call this morning. I wouldn't call it a cash crunch. They still have about $65M in cash from a larger position. They just made some adjustments due to a delay.
The issue is a development delay, that caused costs to temporarily go up and production down. They burned some extra cash. This caused guidance for first production from the Sissingue project to be delayed for by 4 months and into 2018, Otherwise, their on a solid path to 500k self funded high cash flowing ounces yearly Production.
Perseus is part of my low risk long term growth strategy. I will be adding at different points as I have funds. This is the kind of opportunity I look for. The market oversells a mishap, causing a buying opportunity, for an otherwise solid company with a great future.
They are nearly going to self fund themselves to 500K Oz/year in 2020
Just figure out the future value on that with little to no dilution.
I chose Nexus as my pic 3 candidate (currently up 200% in 3 weeks) due to its unique situation on being in Burkina Faso and attached to the northern extension of huge Côte d'Ivoire and Ghana projects below. Burkina Faso reputation as a hot area, is just getting started. I got the heads up at the 2016 PDAC show and just waited.
Checkmate28
NXS.T Nexus Gold + 46% today and over 100% since my post couple weeks ago.
I met them at 2016 PDAC, kept in touch and hopped in just right. One of my Pic 3's for SSKILLS1 contest. The clincher for me, was the Saprolitic ore. This, I learned about from my DD of DNI Metals. Saprolite changes everything , makes it easier, cost less and take less time. Saprolite is also whats going to cause DNI stock to do the same thing, and why Ill be posting about this soon. Drill is either on the way or on land now. Remember in both cases, I warned you way out front before the market found it.
Checkmate posted 1-11-17 Link back for the other pics as well.
Nexus Gold Corp. V.NXS .115 - MC 11M - .075 In Dec -My Pic3
Burkina Faso is highly under explored in comparison to neighbouring Ghana and Mali Cote d'Ivoire which host world class gold mines in the same belts of Birimian rocks. The $11 MC and todays Press release on 2950 gpt sample are why I speculated and chose it for SSkills1 Pick 3 contest. A lot more hits and probably eventually another high volume W African mine on the way.
Beigledog Base metals. From here today I like
USAS America Silver Polymetallic More, lower cost, prod on the way. Zinc
EXN.T Excellon Res Polymetallic Should get a bump on the company update.
Sector leading costs with highest grade silver anywhere are wight around the corner with a possible wild card CRD discovery.
GORO Gold Resources Polymetallic
ORV.t Orvana Polymetallic Turn round 100k oz Au plus 14M t Copper on the way. $30M Bolivia Spain
GPY.V Golden Predator 1.21 +.22 or 22% today. Up 100% since Dec when it traded as low as .51 ... One of my end of year picks and a candidate for the pic 3. Going to be one of the best projects in the Yukon for discovery. 3 Aces Grades are off the charts and 120,000 Meters planned for 2017
Eric Sprott got behind it
Dont ever count out Bill Sheriff. He built Energy Metals Corp. from nothing and sold it for $1.8B to Uranium One in 2007 making share holders a mint
Gowest gets 50% ownership of a 1500 tpd mill for $11.5 M in equity financing. New share count could reach 400M after GWA satisfies all obligations, but Gowest would have a clear path to 100K OPY production at the facility they have already gained permitting for. Weigh the dilution against the path to 100k production @ AISC less than $900. I like it. They are just about where they need to be.
Redstone currently operates the mill on a toll mining basis and can be split to provide two independent circuits, each of 750 tpd . If Gowest is using 500 tpd for the bulk sample and initial production, there is 1000 tpd spare capacity they can lease for revenue.
Essentially here, Gowest gets a new partner that will own about 25% of the outstanding shares when both installments are satisfied by Gowest.
Redstone Mill 0verview
http://northernsunmining.ca/Redstone-Mill/Redstone-Mill-Overview/default.aspx
JVco will assume all of the obligations and liabilities relating to the Redstone Mill Now theres a question for shareholders?
Have to run for awhile, anyone have thoughts?
Dr Air You'd do me a great favor if you could stop at the Aurvista Gold booth 303. They have 3 Million oz now, with 120,000 in cores to be added this year. Looking to prove up 5M Oz BULK mining. Sits in Quebec surrounded by 10 - 15 M oz producers with the same geology as Bracemac Mcleod, Casa Berardi, Detour, Canadian Malartic.
Kieth Minty is recent CEO there and how I bumped into Auryn (AUG) where Minty sits on the board.
I see explosive upside if mgt executes, but risky if gold goes down and cash dries up.
rrten GORO Truth is for me, its been tiring waiting for the increased production and the profits I know they will see. On the other hand, I know they are being extremely conservative on the risk side, by paying as they go and getting things ready for either large earnings with nice divys or being the lowest cost debt free producer in case of a drop in POG.
They are setting up Nevada for an area play, that can use a central CIL production center to keep costs down on the high grade pits. IMO, Its these decisions that will be responsible for the impressive numbers that will come out of the Nevada unit. The latest property I think has the potential to get Nevada over the 50K/yr mark once its going. Wouldn't be surprised to see more additions.
you said I believe they will consider vendor equipment leasing for the debt part, instead of bank debt to finance the build out of Nevada.
Jason really knows how to squeeze a buck, to get things done as cheaply as he can. You may be right, I dont think they ever want to go through the stress they endured the last couple years.
My strategy is to have a nice long position and collect a nice divy yield based off todays prices
This post was a combo from my DD and the call. I had all my condensed notes
in front of me during the call. I usually keep their names out when I posts here.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127928933
Orvana I spoke with CFO Hillis. Im feeling real good about waiting a couple quarters. Thats all I think its going to take, to see the traction their getting in increased production along with reduced costs and debt become reality
USAS ON the NYSE. Thats why they had the reverse split. For the record, this is a reverse split that made sense from the beginning. The company posted their intentions to RS, I think the potential RS was the black cloud that held back the share price. I was buying on the Canadian side in other accounts and also chose it as a SSKILLZ pic 3.
USA They made the announcement saying the uplist would be official on the 20th. I had an account that I was waiting to purchase the American symbol.
I was surprised that it traded yesterday 2 days early. I purchased at $3.40 mid afternoon after having been to $3.55.
GPY.v +13% Golden Predator Intersects 7.5 m of 33 g/t Gold at the 3 Aces Project; Discovers Significant Stockwork Mineralization
http://web.tmxmoney.com/article.php?newsid=7601112997577966&qm_symbol=GPY
25,000 M drill program starting in Feb will produce more results like this. 7.5 m of 33 g/t is stellar and there's more where that came from. They have some of the highest grades in he Yukon. GPY is on my year end list of no brainers and pic 3 candidates. Link back for the rest.
The Sheriffs and Golden Predator were broad sided during the gold slide and a permitting issue, but their back with a vengeance. The drill should continue to point to the value in their properties. Eric Sprott and McEuen got behind this one, and they have $9M in the bank.
http://goldenpredator.com/_resources/presentations/corporate-presentation.pdf
Thanks That set of trade rules would make a nice sticky for us newbies
1 trade per month and 2 additional wildcard trades to be used whenever?
Can I do 5 trades in Jan and be done with the trades? do I use it or lose it on the monthly trades?
ORV.TO Matt, Good call. I agree with your 2 line Bull thesis. I added today to an already nice position.
The 2017 AISC Guidance is blown out, due to the intensive Capital going into both projects in Spain and Bolivia. Their fiscal 2017 year ends in Sept17' More realistic guidance should be out soon.
Its at this point the following positive catalysts should be in play:
1)El Valle Spain mine rehab project will be complete with a 60% increase in production from today's rate ringing in 50KOzAu here alone
2)The $8m loan from the bank will be fully paid.
3)They should get another $5M from the sale of the Copperwood project. $2.5 guaranteed
4)Don Mario Bolivia CIL project will be commissioned adding 25% to recoveries over the float circuit, therefore allowing more production at lower costs and new areas to be profitable. Also their mining from higher grade zone now.
5) Stockpile Measured mineral resources of 2.2 M tonnes Containing: 129k oz Au, 96 M lbs copper Au 1.84 gpt / Cu 1.89% / Ag 49.30 gpt will be blended through the CIL. This is going to be highly profitable addition.
6) After Q217 (April) the cash balance should be increasing after taking the current hits for all these improvements.
The reason they are spending so much money, is that they paid down a $62m loan during the downturn in metal prices. That pressure short changed the upkeep and development and put them on life support.
Typically, I dont like these jurisdictions as DrAir said. Heres why I like this one. This turn around is deep, making the company look sick and hopeless with sentiment being at the low...
The hard work is nearly done, making the turn around nearly complete. The limited Management left, plus the former USA people added to the board know what they are doing. In FY2018 starting Oct17' should show 100k+ oz gold production, plus copper for 120k+AuEq run rate at much lower costs, therefore, producing large Cash Flow relative to the $30M market cap. DrAir Hang on to your shares. The market will buy Bolivia when it gets this message.
Checkmate28
rrten GORO Good dialogue, said another way, what their wanting to do, is to avoid living hand to mouth like they did with Aurista up front. HOC wanted them to build out fast with dilution and GORO chose to stay the safe course and keep costs low, while continuing the divy. By self financing and picking up high quality, high grade, low CAPEX assets on the cheap, GORO is setting up for survival no mater how low the price of gold goes.
This is my opinion only, the Reids are Patriots and gold bugs. They are setting up for long term success and not as much interested in high volume gold selling at $1200 gold. Instead, they will build out properly as you said, and throw massive cash flow and dividends when the time is right. The share price will follow.
As to Isabella, I want to see it done ASAP and taking a low cost bank loan/ line of credit for security is fine with me.
DNI RE: Not yet as they tried to finance the Lab and mine in one wrap. Hats off to the company for not bending over and sticking it to the share holders with a highly dilutive deal. They had to make a choice and they chose to JV the graphite mine to Cougar Metals. Cougar will finance the project through the PEA for 49% and than they look at 4 options to proceed, all of which will work well for DNI.
The mine project is going to build value fast, that plus the sale of the Alberta project for $1 Million is going to give them leverage to put the Lab deal together. Thats going to happen IMO, their going to get the lab financed by the bank and the vendor take back, just like before. Only difference is they look stronger to the bank now.
DNI with the $1 MC and 40M OS right now, is going to own the Cash flowing ORTECH lab and 51% of the shovel ready, high profit, graphite project in 6mts time. Thats my prediction. Graphite is not my favorite space right now, but I know a good deal when I see one. This is a no brainer. All clean energy and elec cars are graphite intensive. Also mgt and recent directors give more clues as to the future. Hard to get a quick sizeable position right now, but if you followed my clues throughout the year, you'd be ready. Im cocky here and risking my reputation because of confidence.
I was just this cocky last Dec when I posted these left for dead, hated no brainers. GORO at 1.15 to $7.50, EXN as low as .21 Dec15' to 2.45, GWA from .05 to .28, and AR from .79 to 4.45 All still running on 8 cylinders with great futures. Most everything on my last post list are no brainers IMO.
FYI link on the lab
http://www.processortech.com/
Checkmate28
GORO Yes on the typo. Arista will continue to carry the entire load while paying the dividend as well. Just think, they have no debt service to anyone during any development last few years, allowing them to squeeze every last dollar from their properties. They may stretch this time and finance the Nevada development but, Im sure they will stay true and pay off the CAPEX with the first years production. All going to depend on the price of gold.
My 2016 Tax loss and Pic 3 Candidates posted late, as I didn't want to tip my hat for SSkills1 Pic 3 contests. Most pricing info shown is from the end of year but most are close now. Most were much less mid Dec as well. No special order.
Americas Silver Corp USA.t 3.66 - MC 150M - $3 in Dec - My pic3
USA Transitioning from highest costs in the sector to near lowest costs.
NYSE Listing forecast any day. Going to add volume and exposure. When the cost transition shows up in the quarterlys, they will come. San Rafael is going to add 50% to their current AgEq with AISC costs going to the $2 - $3 range
GOLD RESOURCE GORO 5.03 - MC 306M - Recently under $4- My Pic3
GORO building the future. New acquisition brings their Nevada operations to about 22000 acres. The Isabelle project will be open pit with avg grade at 2gpt and recoveries at 80%. Their is a 5gpt pocket. With only a $25 - $30M CAPEX, they should have it paid for in 1 year. AISC will be phenomenal. I look for about 40 - 50,000 OPY of ultra low AISC production out of Nevada for about 10 years from those operations once they get in swing.
In Mexico, Alta Gracia will continue to carry the company while they continue to hollow out Switch Back for the next mine to carry the baton. They are currently preparing for truckable additions in production from Alta Gracia this year with very high grade ore at very low cost. This will go to their dormant CIL processing center so no load on their current Mill capacity which is also underutilized and paid for.
I look for improvements this year but a Big Big year in 2018.
Argonaut Gold Inc T.AR 2.71 - MC 440M - $1.60 Dec 19th
Highly undervalued. A rocket ship out of the gates in Jan2016 where I posted it as highly undervalued. Went straight up from .80 to $4.45 in July Would have been a Pic 3 contestant but it jumped before the contest started.
Golden Predator Mining V.GPY .73 - MC 55M - .057 Dec
3 Aces and William Sharrif
Gowest Gold Ltd. V.GWA .17 - MC 47M - .12 Dec low
My largest position and I like todays valuation for near and long term appreciation
Orvana Minerals Corp. T.ORV .24 - MC33M - .21 Dec low
Turn around play. You just have to be right and we'll make a killing.
Perseus Mining Ltd T.PRU .36 - MC205M - .29 in Dec
Artificially low share price due to temporary shut down of the mine for improvements. 12Million oz resource, $80M in cash and 500K yearly oz production in 2020 and probably mostly self funded. Now thats a growth story.
Nexus Gold Corp. V.NXS .115 - MC 11M - .075 In Dec -My Pic3
Burkina Faso is highly under explored in comparison to neighbouring Ghana and Mali Cote d'Ivoire which host world class gold mines in the same belts of Birimian rocks. The $11 MC and todays Press release on 2950 gpt sample are why I speculated and chose it for SSkills1 Pick 3 contest. A lot more hits and probably eventually another high volume W African mine on the way
Aurvista Gold Corp AVA.V - .18 MC16M - .15 in Dec
Great mgt, Proving up a 5 Million oz resource in Ontario. This company is going to be worth some $ and share price will follow.
DNI.c DNI Metals. .04 Now - MC$1M - .03 in Dec -Would have been pic 3 if it qualified
The market is going to find out that most or all the current Canadian Graphite companies will never build a mine in Canada due to hard rock costs. DNI on the other hand has a drill on the way to Madagascar right now. Mark these words, heres whats going to happen. In 6 -8 mths time, they are going to drill their property, prove up sector leading grades and flake size and provide at least a PEA showing they are shovel ready, and fully permitted to build a mine that is 1/5th the CAPEX and 1/2 the OPEX of all their Canadian competition. Highly profitable with low operating expenses. The typical list of Graphite developers doesn't register DNI. They will soon move to the top. Buying this now at a $1.M USA valuation is going to look like genius. Ive been buying all I can at 3 - 4cents. Not much buying opportunity but get em if you can. Part 2 of the equation I haven't even mentioned is the Lab. Stay tuned here.
Excellon Resources Exn.t 1.62 - 1.32 in Dec
Dewatering program going great. Company should have a detailed update this month. I think 4M oz AGEq run rate @ around $6 AISC is a low risk assumption for 2nd half 2017. Im most interested in how the exploration is going outside of the current mining area. Depending on how well I like the news and where the shares are, I may trade the rest of my position for something else above. Today's near $2 is a 10 bagger since my postings end of 2015
For larger companys I like
Kirkland Lk T.KL 7.74 MC 1.5B
Pan America PAAS
Hecla Mining Co HL