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Whoisit............. No More Alaskan Salmon for my Family...... Only Norwegian Salmon..... Now I can say that I save the Alaskan Salmon.............
INVESTORPRO........... Where is he speaking? Is the speech televised??????????? Thanks
AFTER hours trading looks GOOD................
https://www.nasdaq.com/symbol/nak/after-hours-chart
Stargazer....... Are you saying that Resident Bears are not going to cover till Nak hits .20????????????
INVESTORPRO............ You were right on with your post....... Thanks..............
Stargazer........ The chart is BULLISH......Heavy volume sent the NAK stock price UP and the Penant is active now....... The .50 was the floor......
Go Nak Baby, Fly..............
NAK's Potential GROWS by the DAY.......................
Wanna buy a copper mine? Ask a junior
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Richard (Rick) Mills
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As a general rule, the most successful man in life is the man who has the best information
Copper is one of the most abundant metals among the world’s mined commodities, but getting your hands on a new copper mine is getting tougher and tougher. Despite the major miners wanting to add new supply to their pipelines, nobody wants to sell, and that is putting a renewed focus on high-quality development projects like the Ootsa project being explored by Surge Copper (TSX.V:SURG).
Bloomberg explains the dilemma being faced by potential acquirers:
So what’s the problem? For a start, nobody who owns a copper mine wants to give it up. Even when Glencore and Anglo American Plc were crippled by debt during the 2015 commodity slump, neither was willing to entertain an offer from Rio for their holdings in the giant Collahuasi deposit in Chile, according to people familiar with those talks, who asked not to be identified.
When it comes to listed companies, there aren’t that many options — U.S.-based Freeport-McMoRan Inc. and Canada’s First Quantum Minerals Ltd. are among the only copper-focused producers of any real size.
They all see the potential in copper, with its multiple uses including in construction and telecommunications, and its growing demand due to its importance for renewable energy applications and electric vehicles, where copper is used in the electric motor, batteries, inverters, wiring and in charging stations.
They also know about the coming copper crunch. Mine supply has failed to come to fruition due to regular labor disruptions at the world’s major copper mines like Grasberg in Indonesia and Escondida in Chile. KPMG is predicting that by 2020 global copper demand will outstrip mine output.
Lower ore grades are also expected to be painted into the waning supply picture. Copper grades have declined about 25% in top producer Chile in the last decade - highlighting the urgent need for grassroots exploration to arrest the trend. Producing copper mines are feeling the pinch, having noticed a significant decline in resources.
image: http://www.stockhouse.com/getattachment/d8570b73-3dc4-4994-a97c-21a290ddb030/RM1.jpg
RM1.jpg
London-based commodities analyst CRU says unless new investments arise, existing mine production will drop from 20 million tonnes to below 12 million tonnes by 2034, leading to a supply shortfall of more than 15 million tonnes. That’s because over 200 copper mines are expected to run out of ore before 2035, with not enough new mines in the pipeline to take their place.
image: http://www.stockhouse.com/getattachment/4be81c6e-1b06-4a22-a2c8-d433037890a7/RM2.jpg
RM2.jpg
That brings us back to buyers and sellers. As Bloomberg’s chart below indicates, big copper deals have all but ground to a halt.
image: http://www.stockhouse.com/getattachment/0641e425-da4b-4758-b628-b3c8b0bfc572/RM3.jpg
RM3.jpg
Compared to 2012 and 2014, when around $8 billion in copper mining M&A occurred, 2018 so far is under $1 billion - despite Anglo American agreeing in June to a $600 million investment by Mitsubishi for a 40% stake in its Quellaveco copper project in Peru. Even a hostile takeover attempt this week by Lundin Mining for Nevsun Resources, with a mine in Eritrea and Serbia, may not do the trick. Nevsun is saying the $1.4 billion cash offer undervalues the company, even though it’s at an 82% premium to Nevsun’s closing price on Feb. 6, when Lundin first indicated an interest in the Timok copper-gold project in Serbia. Nevsun is reportedly looking for $5 a share.
And despite the copper price taking a hit recently due to uncertainty over trade disputes, the red metal is still a popular item for thieves. Specialized gangs in Chile are regularly stealing copper cathodes and concentrate from trains running through the Atacama Desert in Chile, with about 40 incidents reported so far this year compared to just six in 2014. The “moles” as they called, are getting more brazen:
A new method is known as "the anchor." When trains slow down in steeper areas, gangs hook a mooring line to a pile of cathodes and throw an anchor onto the railway lines. As the train advances, the pile weighing about 350 kilos (772 pounds) is dragged off the wagon and quickly picked up by trucks.
If big, existing copper miners aren’t selling their properties - in whole or stakes - that leaves the smaller development companies to pick up the slack.
“Any company with half a balance sheet is not going to be selling a copper asset at this point,” Bloomberg quotes Richard Knights, an analyst at Liberum Capital Markets. “The only place they can extract value is development assets, where they buy and develop themselves.”
Where should they be looking? How about northwestern British Columbia. With excellent geology, a storied mining history, and a perfect storm of factors (new deposits, new infrastructure, declining snow cover, new geological theory, higher gold price, 2017 successes this mineral rich area is one of the safest bets for a copper play.
Surge Copper’s Ootsa property is an advanced stage copper-gold exploration project containing the East Seel, West Seel and Ox porphyry deposits. It is located adjacent to the Huckleberry open-pit copper mine previously operated by Imperial Metals. Surge Copper completed a PEA in 2016 showing the potential for a 12-year mine that would produce 324 million pounds of copper, 185,000 ounces of gold, 15.8 million pounds molybdenum and 3 million ounces of silver. A resource estimate done the same year shows 1.1 billion pounds of copper and over a million ounces of gold, in the measured and indicated categories.
What is special about Surge Copper is that the company has three scenarios that could play out for it. On June 26 Surge announced the start of its 2018 exploration program with the construction of drill pads, with drilling starting the first week of July.
The proximity of Surge Copper to the currently-shuttered Huckleberry Mine means it is an ideal takeout target for Imperial Metals should Imperial need more mineralization to feed its aging, currently shuttered mine, which is estimated to only have about five more years of minelife. However, Surge also has enough potential reserves for a stand-alone operation, which could either interest an investor wanting to partner with it if Surge Copper goes mining, or a major who buys the company outright. All three scenarios are good for Surge investors, who are bound to see a dramatic share price rise if any of these possibilities takes place.
A lack of sellers in the copper market right now bodes well for junior copper explorers like Surge, whose Ootsa property could turn into the next big copper mine that would be of interest to a potential acquirer. That’s why I have SURG on my radar screen and own shares.
Richard (Rick) Mills
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Legal Notice / Disclaimer
This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.
Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified.
Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Richard Mills only and are subject to change without notice. Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission.
Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.
Richard owns shares of Surge Copper (TSX.V:SURG).
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Stargazer......... I am going on vacation for a few days..... Keep a good vigil on this Baby....... I am encouraged next week will be good, the floor at the .50 level appears to be solid.........
Go Nak, Go............
Stargazer...... The closing price today, is a break THRU of the Apex of the Penant..... We may have a good week coming,........ Have been waiting for this to happen..........
Rio Tinto FLUSH with CASH and NO DEBT............. Looking for Copper Deals.............
http://www.mining.com/web/worlds-biggest-miners-want-copper-nobodys-selling/
Stargazer...... Is this the Fake Executive that the 2 Resident Shorters are putting their money on Shorting NAK? Looks as though Sahm Adranji is not the kind of Character that is truly upstanding........
https://www.cnbc.com/2016/08/15/hedge-funder-in-hot-water-sahm-adrangi-arrested-for-dui-cocaine-possession-in-hamptons.html
Stargazer....... Just looked at the After Market Volume and it was rather HIGH on Friday evening........ 181,000......... And, it was in higher ground......... Maybe we will have a PLUS week coming up........
The .50 - .52 support is STILL holding. There is a penant at this level, and it appears the apex has been met. We could go up this week coming......... It will be anticipated..........
Go Baby, Go...........
Slas.......... Governor Walker has atate beleaguered with financial problems. He should spend more time in getting his State in order and prospering......... The fish will survive like they have for millions of years......... The Alaskan people need some source to develop themselves and support their families. This Walker seem to be trying to kill the Goose that laid the golden egg....... He should step back five yards and see the trees from the forest, and Wake UP...............
Stargazer
This Governor Walker is trying to put the wool over the people's eyes. It is on his watch that Alaska is going thru difficulties, and it appears that only the WEALTHY are doing well..........
Slaz......... Youm do know that Unemployment and Food Stamps are TOXIC to the Population...........
Slaz..... You must know that Alaska has the HIGHEST UNEMPLOYMENT rate in the United States, 7.2.....
And as the Fishing rates slow down, the Unemployment rate will certainly increase.
Maestro....... How come as the Shorts cover the price is NOT increasing? Thanks
Stargazer....... To settle the Toxic, Toxic, and MORE Toxic discussion, the Federal Government I am sure can acquire the land under EMINENT DOMAIN......... President Trump can settle this case for NATIONAL SECURITY minerals............ He will get this argument settled.........
The land that Pebble sits on was designated for mining minerals by the Alaskan Government....... You wonder why they designated the land for the opportunity of mining minerals, and are throwing such roadblocks into the system of Launching Pebble's mine. But Eminent Domain will settle this dispute by the Federal Government.............
Bruce.......... Highlighted trends in changing Miner strategies..................
"Rio's CEO Jean-Sebastien Jacques in May called out a rising tide of resource nationalism around the WORLD that is causing MINERS to RETHINK where they INVEST"........................
This quote says it all................ Alaska should be TOP of the LIST..............
LowJack............... "THE WORLD DESPERATELY WILL NEED A NEW SUPPLY" OF COPPER.............
http://www.kitco.com/news/2018-07-11/Copper-Can-Withstand-U-S-China-Trade-War-As-Supply-Concerns-Grow-Mining-CEO.html
Alidare...... I posted a couple of days ago, that Alaskan Fishing is OFF 34 PerCent........... So Unemployment will be increasing...... Governor Walker should be getting his ducks in a row, to head off this increase in Unemployment, as the Alaskan Fishing Industry lays off men and women......
Governor Walker should have a EMERGENCY Meeting to alert his STAFF that The Salmon Harvest in 2018 will be DOWN 34 PERCENT from 2017............. What does that say for the current 7.2 PERCENT UNEMPLOYMENT RATE......... Certainly it will INCREASE......... All the talk of putting DELAYS in the path of developing Pebble appears to working against Governor Walker's program of providing JOBS.......
A good READ:
http://www.alaskafishradio.com/alaska-salmon-harvest-forecast-2018-34-due-expected-pink-shortfalls/
Stargazer........ Came across this Information on Nak. Zaks has a #2 RECOMMENDATION on Northern Dynasty......... Looks as though we should have a Bullish Day on July 6th............
https://www.zacks.com/stock/news/310353/indian-gold-imports-continue-to-dip-is-gold-losing-appeal
Mrplmr....... Don't know what happened to your last Post, but I think we are in a turn here at the .50's floor. There is a NAK Penant that I see that could POP either way, but volume is dropping hoping that the selling is abating. With Nak on State Lands DESIGNATED for MINING 100 miles from Bristol Bay, and Low Fruit resources around the World that has disappeared, Nak is a great source of resources that the United States NEEDS, in a stable Political government to do business......... Indigeniztion and dramatic changes with companies in unstable political countries are causing problems with signed agreements. There has to be talks between Nak Management and Elephant Miners that can handle Pebble potentials. FM had a $1.4 Billion Dollar Law Suit against it in Africa. It could wipe the company's treasury clean..... They certainly could not go forward with establishing a solvent investment getting Pebble up and running with that amount of debt hanging over the company..........
At this point, .55 cents appears to be the breakout point and .51 cents is the breakthrough drop for Nak. All we need is some good news and increased volume coming in to send us thru that .55...........
Stargazer.......... Looks as though a NAK Penant has formed with .55 on the high, and .52 on the low......
Should be interesting to see if we break to the Upside in the next week..........
Have a good Holiday........ "Make American Great AGAIN".................
Slaz........The reducing or eliminating of environmental degradation is enforced in modern American mining by federal and state law, by restricting operators to meet standards for protecting surface and ground water from contamination. This is best done through the use of NON-TOXIC extraction processes CALLED bioleaching......................
You may wish to read up on BIOLEACHING............
Have a great Holiday......
Slaz........ It will be interesting to see whom has the POWER, A Governor of a state with 800,000 people OR a President with the responsibility of 350,000,000 MILLION PEOPLE, and the huge responsibility to keep those people safe needing RESOURCES TO DO SO.............
Looks as though mining is BEING APPROVED IN WILDERNESS PARTS OF THE UNITED STATES..........
http://www.mining.com/web/minnesota-firms-sue-trump-administration-mine-leases-near-wilderness/
Alidare........ I do think that $1.4 billion dollars lawsuit AGAINST First Quantum in Zambia is playing havoc with that company's plans to continue with Pebble......
With Copper prices hovering record levels, Pebble will have other suitors. It is only a matter of a little time to get this baby moving..........
Let's look at Alaska:
Population: 739,795
Land Mass: Bigger than Tx., Ca., and Montana COMBINED
TX.: 28 MILLION
CA.: 40 MILLION
MONTANA: 1 MILLION
1.2 Alaskans per 1 square mile
39 PERCENT of state's residents live in Anchorage
Largest Unemployment Percentage in the USA: 7 PERCENT OF POPULATION
UNEMPLOYMENT IN THE REST OF UNITED STATES IS: 4.1 PERCENT
What does this all mean........... Alaska Needs JOBS and the state is Wilderness. The politicians need a pathway to provide work for Alaskans. How can they not vote for the Pebble production to provide those jobs???????????? How can people who are needy vote down viable sources of income when they are hungry?????????? How can the politicians not vote for Pebble to provide taxable income to the state?????????????
Washington should cut back the handouts to Alaska so the politicians would be able to plan ahead for taxable income FROM THE STATE POPULATION....................
Politicians must project how they will source that Taxable Income......... Pebble will provide huge sums of Income to the state.
Wshaw...... There are 350 Million American Citizens and National Security that out weighs the fact of a few thousand Alaskan voters that are out of touch with the future.........
MRPLMER.............. That is what I am thinking. Good observation. I bought another 10,000 shares.....
Slaz............... From that article of diminishing Copper PROJECTS:
"According to CRU analysts, only if every single copper project currently in development or being studied for feasibility is brought online before then, including most discoveries that have not yet reached the evaluation stage, the market could meet projected demand".
I wonder what they are referring to when the Analysts talk about when they mention "PROJECT CURRENTLY IN DEVELOPMENT OR BEING STUDIED FOR FEASIBILITY"...............
COULD THEY POSSIBLY BE REFERRING TO NAK, WITH THE LARGEST RESOURCE OF COPPER IN THE WORLD, AND IT IS JUST SITTING IDLY WAITING TO BE BROUGHT INTO PODUCTION WHEN THE UNITED STATES NEEDS COPPER. DO YOU REALLY THINK THAT THE UNITED STATES WILL WRITE OFF PEBBLE COPPER IN THE FACE OF NATIONAL SECURITY????????????????
Slaz....... You have the EQUATION wrong...... We are running out of COPPER Progects:
http://www.mining.com/anglo-close-selling-part-stake-giant-peruvian-copper-project/
Bruce,,,,,,,,, Those last SEVEN words are Glaring........... Good Observation........... Thanks.
Bruce.......... Many thanks, you OPENED the window to some FRESH air......... Great Information.
Go Nak baby, Go..............
Key Minerals for the the United States to increase domestic mining. 147 REQUESTS to ADD COPPER............... Rhenium is on list...............
http://www.mining.com/web/us-confirms-list-35-key-minerals-targets-domestic-supply-boost/
Running......... Nak can't miss exploding, It is in a stable POLITICAL part of the World..........