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Doug, Thanks! I will take a look at the Youtube later!
I found this interesting:
"About Search Minerals Inc.
"snip....Led by a proven management team and board of directors, Search is focused on finding and developing Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South East Labrador. The Company controls a belt 63 km long and 2 km wide and is road accessible, on tidewater, and located within 3 local communities."
They appear to be setting themselves apart from other REE projects by emphasizing ZR and HF.
Chico! All this waiting! Here is a discussion thread regarding USA Rare Earths possibility of a SPAC
https://www.reddit.com/r/SPACs/comments/lbbcjp/reuters_usa_rare_earth_hires_goldman_bmo_to/
I was looking at it and realized that pretty much every stock I have is Canadian with an OTC listing and most of them are pending production! I finally purchased some shares in DMEHF so I have something that is at least starting up production for a change!
Bud4you: DESERT MOUNTAIN ENERGY COMPLETES CASED HOLE COMPLETION WORK ON WELL 5 AND 6
BY PR Newswire
— 1:26 PM ET 05/02/2022
TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, May 2, 2022 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. ( DMEHF
Loading... Loading...
) (the "Company") (TSXV: DME) (OTC: DMEHF) From the President of the Company.
Desert Mountain Energy Corp. ( DMEHF
Loading... Loading...
) is pleased to announce that it has completed cased hole work on Wells 5 and 6. Completion work on Well 7 is anticipated to be completed later this week. Bottom hole pressures were within the expected values and the initial flow test and sampling for gaseous analysis have been completed. The Company made the decision to test the zones of interest, for future production within the McCauley Helium Field and on other DME properties. These lowest zones were then shut off and our main zones of interest for primary helium production were then perforated and tested with gas samples being sent via ground transportation to an independent lab for analysis.
"These 3 wells are expected to go online along with Wells 2 and 4," says Desert Mountain Energy Corp. ( DMEHF
Loading... Loading...
) CEO, Robert Rohlfing. "Results from Wells 5, 6 and 7 will be released as soon the laboratory test results are received. The Company is planning on drilling another wildcat well before summer, hoping to add another helium field to our current portfolio."
Desert Mountain Energy Corp. ( DMEHF)
Enduro Metals Reports Non-Brokered Private Placement Offering; Down 8.9%
BY MT Newswires
— 1:02 PM ET 04/27/2022
01:02 PM EDT, 04/27/2022 (MT Newswires) -- Enduro Metals Corp. ( ENDMF
Loading... Loading...
) said Wednesday that it plans to raise about $10.8 million via a structured non-brokered private placement offering.
The offering will include an investment from a mining financial institution totaling about $8.8 million.
The offering will consist of up to 24 million flow-through common shares at $0.365 per FT share; and up to 8 million common shares at $0.26 apiece.
The institutional investor is expected to own about 9.9% of the company's common shares post financing on a non-diluted basis.
Enduro plans to use the proceeds for the exploration of the company's key projects located in the Golden Triangle and for general working capital purposes.
The company's shares fell 8.9% on last look on Wednesday.
Price: 0.26, Change: -0.03, Percent Change: -8.93
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
Nebraskan; It appears that the administration has given away all the U.S.'s stinger missles and held none in reserve and it will be a while before more are made.
https://www.defenseone.com/business/2022/04/it-will-be-years-raytheon-can-build-new-stinger-missiles/366105/
It does not specifically state it, but lack of REEs may be part of the cause. ( I would not be surprised if they were also made with parts from China. Maybe they can scrap some washing machines for the logic boards (sarc off)).
https://www.defensemedianetwork.com/stories/rare-earths-provide-critical-weapons-support/
No further comment on the imbecility of announcing or allowing this to be announced to the world. There is not an operational secret that this President cannot compromise. (E.g. A Pakistani Doctor now sits in a Pakistanian jail because JB had to blabber and disclosed his role in finding OBL to the press)
This mine and processing facuility need to be built ASAP.
Chico; While we wait! From Jul. 19, 2021 01:55PM PST
Top Canadian Rare Earth Stocks
"1. Search Minerals (TSXV:SMY)
Year-to-date gain: 130.7 percent; current share price: C$0.15 (FROM JUL 2021!)
Search Minerals controls a 63 kilometer long and 2 kilometer wide belt in the emerging Port Hope Simpson – St. Lewis critical REE district in Southeastern Labrador.
Search Minerals has completed a preliminary economic assessment (PEA) for the Foxtrot deposit, as well as a resource estimate for the Deep Fox deposit. In September the company commissioned a combined PEA for both the Deep Fox and Foxtrot projects. Search is also working on three exploration prospects along the belt: Fox Meadow, Silver Fox and Awesome Fox.
Earlier in the year, Search was selected to participate in Canada’s Accelerated Growth Service initiative, which includes coordinated access to government resources geared at helping the company move quickly to production. The purpose of the initiative is to the establish a stable and secure REE supply chain."
See link for other companies. (Avalon mentioned.)
PM. Yes! Another article discussing need for REES, something this board has known for such a long time. (Posted but I missed it??)
Study quantifies metal supplies needed to reach EU's climate neutrality goal
"Meeting the European Union's Green Deal goal of climate neutrality by 2050 will require 35 times more lithium and 7 to 26 times the amount of increasingly scarce rare earth metals compared to Europe's limited use today, according to a study from Belgian university KU Leuven." more at link.
Douginil; NI/NB Doug; I can say its easy to do because I have done it!
PM; Your:
https://www.mining.com/turmeric-extract-combined-with-gold-help-create-greener-more-efficient-fuel-cells/
Switch from hydrogen to alcohol for your fuel cells to mitigate the problem of Hydrogen storage. (Migrates through metal, explosive much.) Current battery tech results in that little problem with Lithium battery spontaneous combustions and a 2 day melt down cool off period. So, at least worth considering, although it seems a bit of a problem to use Foods for your Fuels.
Along those lines, consider Belgian company InBev expanding into an energy company.)
There would still be a need for lighter weight airframes and automobile parts. Elk Creek alloy metal products would do that; REE magnet materials would still be required for electric motors and avionics parts. So, Canadian gold dust would be in demand to make it work.
(If Phillip Morris decided to start gold mining?)
Gold dust....Canadian Fireworks company!
Ok. Humor slide over.
Of interest!
turmeric-extract-combined-with-gold-help-create-greener-more-efficient-fuel-cells
The fuel cells would use alcohol rather than hydrogen. (There is a problem with storing hydrogen, which can migrate through steel, not a problem with alcohol! Imagine InBev as an energy company!)
Chico; Mining week Article regarding Canadian REE production;
https://www.miningweekly.com/article/mining-association-says-canadas-rare-earth-support-too-modest-to-displace-reliance-on-china-2021-04-20
Canadian Government proposed expansion of their Strategic Innovation Fund –
"“We need battery grade nickel, cobalt, lithium and graphite and we are pleased to see programmes and tax measures that we believe can support filling or expanding domestic production of these materials,” said Gratton.
Specific supports targeting REEs, including the establishment of a Critical Minerals Centre of Excellence that will focus on coordinating federal policy and programmes on critical minerals and C$36.8-million over three years for federal research and development to advance critical battery mineral processing and refining expertise, were positive, but modest.
REEs, a subset of critical minerals, are used in a wide range of essential technologies including in healthcare, defence, clean energy and telecommunications. To date, China has coerced the market for these key materials, developing monopoly-like control over their production and distribution, thus rendering the rest of the world reliant on China for procurement. To help address this vulnerability, Canada and the US signed a Joint Action Plan to partner in creating greater North American resilience and independence in the extraction, processing and manufacturing of REEs and magnets."
DESERT MOUNTAIN ENERGY CORP SECURES THE COMPLETION RIG AND BEGINS WORK IN THE McCAULEY HELIUM FIELD
BY PR Newswire
— 3:00 AM ET 04/19/2022
TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, April 19, 2022 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (OTC: DMEHF) From the President of the Company.
Desert Mountain Energy Corp. ( DMEHF
) has now started completion work on Offset Wells #5, #6 and #7 in the McCauley Helium Field. Sampling will be completed in the next 10-14 days with approximately another 14 days to get results for public release.
"The team is excited to finally complete and sample the 3 offset wells in our McCauley Helium Field which will be the first of our discoveries to go into production," says Robert Rohlfing, CEO of Desert Mountain Energy ( DMEHF ). "We look forward to rewarding our shareholders with a cash flow stream this year."
PM.That gacier. As indicated, its like watching Manhattan (Or maybe Guam :) tipping over! There is a different calving event where the scientists realize they have a small tsunami headed their way and have to quickly run up a hill to higher ground! Fun! (No one hurt!) Not so fun for some villages in Greenland when that happens!
The Laurentian ice sheet left behind a burden of glacial till. You can pan for Canadian gold (dust) in Johnson Co. NE creeks, including Elk Creek. The furthest extent of the Laurentian ice sheet here in the KC area (The Illinoisian) is located a bit north of here. The Mid continent Rift extends from Lake Superior down through Wisconsin and Minnesota to Northern Kansas. Based on your early posting regarding carbonatite volcanos the Elk Creek deposit sounds like a volcano that flanked that now buried rift formation. (The MCR is about 20 m NE of Elk Creek.)
Nioman, Landmark, PM, Chico; See Landmark's post this morning regarding L3 demonstration.
"If proven at the demonstration plant scale, this advance may result in major improvements in the Elk Creek Project, including possible elimination of entire steps in the Project’s current processing flowsheet
Process improvements also point to a potentially efficient extraction process for recovery and purification of rare earth elements, in addition to the Project’s planned production of niobium, scandium, and titanium"
Just guessing that we see estimates at about the same time as the results of the demonstration plant scale one right after the other. (Hopefully before May....)
Pretty sure they have the preliminary figures, but everybody and his brother in multiple jurisdictions have to review them and sign off to formalize them before releasing. (Corporate Attorneys in at least 3 countries, their Secretaries, geologists and their lab assistants, Processing engineers at L3, corporate oversight dude, Board of Directors, a receptionist at the TSE, etc.
M.S. did have the little dust up and law suit with SOs during tenure at the previous incarnation of Mountain Pass and I am sure does not want any repeat. (I regret bringing this up, but it is history and we do not want it to ever be repeated.)
To sum up the general NioCorp investor experience:
Watching The Glaciers Melt In Slow-Motion
Yah, like that...
Chico; Looking forward to the next news release for Search! Hopefully update on the under way processing!
Waiting for more info and funding for NIOBF! A fence and trail cam were apparently enough to satisfy the air permit requirements for NDEE! ( Probably could have gotten the same result with a few survey stakes w orange flags!)
Looking ahead; see DMEHF, exploration company drilling for helium and noble gases. Purchased a few hundred shares and will watch!
PM. oops. Musk! Meant to say $1 billion, not 1!
One way or another I suspect it would be good to have a South African on board with the Elk Creek Project. (Especially one with access to 33 billion dollars....This probably came from his sale of Tesla stock holdings!)
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(Markets closed today...a bit of diversion!)
Just buy Twitter!
Woke response to Musk Offer!
Musk's first meeting as Twitters new owner
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Mind you, you do not just quietly buy 9.2% of a company and then have 33 Billion sitting around waiting to spend. He had to have been planning this for a while. (Well...at least a few weeks!)
I suspect that the Twitter board will say no and ask the USGov DOJ to investigate Musk for daring to make the offer! (They really do not want him to be able to access their corporate records including any emails about suppressing some peoples posts! And....don't you wonder how many Twitter employees drove to work today in Teslas? :)
Noooo it’s evil for musk to buy twitter
That said, if they turn him down, the price of Twitter drops and he can get to work picking up some a controlling number of shares at the new lower price on the open market (Or by direct solicitation to shareholders!) and maybe have some case left over to buy a mine or two!
(Yes, mostly time wasting idle speculation on my part!)
I wish everyone a good Easter!
PM... Musk builds cars and space ships and offers 45 billion for inflated value Twitter infested with ai bot posts?
He should offer to buy Elk Creek for 1 and secure a supply of alloy/battery/magnet metals for his spacecraft and cars!
(Jim Sims if you are reading this!)
Chico! Thanks Buddy! This is from yesterday and the SP did fall back, but the market is listening!.
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Search Minerals Up Near 20% As Increases Deep Fox and Foxtrot Mineral Resource Estimates
BY MT Newswires
— 10:33 AM ET 04/11/2022
10:33 AM EDT, 04/11/2022 (MT Newswires) -- Search Minerals Inc. ( SHCMF)
on Monday increased the mineral resource estimates for its Deep Fox and Foxtrot critical rare earth element properties in southeast Labrador, pushing its shares almost 20% higher at last look.
The company said it updated the estimates based on results from the recently completed Phase 3 drill program at Deep Fox and new metallurgy recovery data and updated rare earth price forecasts for both properties.
The Deep Fox mineral resource has increased by about 25% from the 2019 estimate that was based on the Phase 1 and Phase 2 drill programs. The Foxtrot mineral resource has increased by about 60% from the 2016 estimate.
The revised estimates for Deep Fox include 5.05 million tonnes of open pit and underground indicated resource and 3.3 million tonnes of total inferred resource. The company revised Foxtrot estimates to about 10.04 million tonnes of total indicated resource and 3.0 million tonnes of total inferred resource.
"The updated Mineral Resource estimate provides the anticipation of an extended project mine life and increased production of rare earth elements for our upcoming Preliminary Economic Assessment report," said Greg Andrews, President and CEO of the company."
Price: 0.22, Change: +0.03, Percent Change: +19.44 Cdn $
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited."
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What is happening in Shanghi is pretty bad. People are jumping from their balconies.
I think that people are starting to move into commodity stocks. Russia is requiring payment for energy in Rubles or Gold. Not good for the US $.
(See SHCMF. Going up, but I do not see any news. AU/AG?)
Unless investors suddenly drop 1 Billion on NioCorp I think that Search will beat them to REE production!
NCT; Tommy! Excellent questions and replies Thank you for sharing the reply with the board!
Chico; Right now shipping in China is backed up.
(Shanghi lockdown)
https://www.freightwaves.com/news/cargo-backlog-ripples-beyond-shanghai-as-lockdown-stops-trucks
Has to have some sort of effect on inports of magnets and exports of raw REE material sent to China. This is a good opportunity for Canada and Labrador!
I do not think SHCMF will remain at this price long.
Chico! Thank you for posting! (Beat me to it!) Should be a good up day!
Kmack; Can't tell you what to do, but, if your financial situation permits, I would continue to hold them. (Avoid artificial countdowns however!)
If you think you have a better investment that will preform better in the near term, well, you have a profit in NIOBF that you might want to shift to that investment.
KU win was mostexcellent! (Daughter attended!) I "Watched" it on the radio since I don't have cable (Deliberate!) (Did you know that the only losing coach for KU was Dr. Naismith inventor of Basketball?
(Tres ironique, N'est-ce pas Y'all? :)
Kmack49. What it means is that you should go watch the NAAC Basketball championship between KU and UNC and have a beer.
(Oh Canada! Thanks for Dr. Naismith!)
Tomorrow you figure out what you want to do with your shares.
New site: News from the Golden Triangle;
https://eyeonthetriangle.ca/
Youtube Kitco Roundtable with Cole Evans; Why copper miners prefer brownfield projects
PM. Joe may not have the constitutional authority (and the smarts) to negotiate these trading relationships.
https://asia.nikkei.com/Spotlight/Comment/Biden-s-Indo-Pacific-power-play-stymied-by-lack-of-trade-authority
Without the fast-track trade negotiating ability, U.S. President Joe Biden does not have much leverage to entice Indo-Pacific nations away from China. © Reuters
YASU OTA, Nikkei columnistApril 3, 2022 23:16 JST
TOKYO -- The U.S. is seeking to reassert itself in the Indo-Pacific by forming a new economic framework as a bulwark against a rising China. But President Joe Biden currently lacks a powerful trade negotiating tool that can make this vision a reality.
Taiwan wants to participate. (For good reason.)
https://asia.nikkei.com/Politics/International-relations/Indo-Pacific/Taiwan-wants-to-be-full-member-of-U.S.-Indo-Pacific-Economic-Framework
TAIPEI (Reuters) -- A senior Taiwanese minister called on Wednesday for the island to be made a "full member" of the United States' forthcoming Indo-Pacific Economic Framework, saying Taipei was a reliable partner and crucial part of the global supply chain.
Washington vowed last month to commit more diplomatic and security resources to the Indo-Pacific to push back against what its sees as China's bid to create a regional sphere of influence and become the world's most influential power.
The 12-page strategy overview reiterated U.S. plans to launch an Indo-Pacific Economic Framework in early 2022, an initiative the administration hopes will at least partially fill a big gap in engagement with the region since 2017 when then- President Donald Trump quit a multinational trade framework.
Speaking to an online event organised by the Brookings Institution, a U.S. think-tank, Taiwan's chief trade negotiator John Deng said democratically governed Taiwan was a dependable and stable partner both politically and economically.
"Taiwan is very willing to support the U.S. Indo-Pacific Economic Framework," he said.
"I would like to urge the U.S. government, and I hope all the audience participating in the seminar today can help us convey this message to the U.S. government, that Taiwan would like to be a full member of this framework."
...Snip; More at link
PM. Well, if its a case of the US loaning money to foreign nations to develop mines I think that that Canada is more than able to take care of itself, Japan and Australia too.
Yr link;
Canada Dec. 1, 1992 Jan. 1, 1994 Full Text
404 error not found.
Depending on the Secretary of State "Its in the past what does it matter!" means it longer counts!!
------------------------------
Wikipedia posts this treaty so that means its still active!
https://en.wikipedia.org/wiki/Rush%E2%80%93Bagot_Treaty
"The Rush–Bagot Treaty or Rush–Bagot Disarmament was a treaty between the United States and Great Britain limiting naval armaments on the Great Lakes and Lake Champlain, following the War of 1812. It was ratified by the United States Senate on April 16, 1818,[1] and was confirmed by Canada, following Confederation in 1867.
200 years without armed conflict which is not bad!
Chico; What I wonder when I look at that is why not Canada? They are not chopped liver when it comes to valuable mineral deposits! (And next door?)
(Off to do stuff!)
"Maybe NioCorp should find an anchor investor from China......seems to work for MP"
Um, No. Doesn't work for the United States.
ge11; (Not directed at you!)
"The first part of the President’s plan is to immediately increase supply by doing everything we can to encourage domestic production now and through a historic release from the Strategic Petroleum Reserve to serve as a bridge to greater supply in the months ahead."
https://www.cnbc.com/2021/01/27/biden-suspends-oil-and-gas-drilling-in-series-of.html
Biden’s orders direct the secretary of the Interior Department to halt new oil and natural gas leases on public lands and waters, and begin a thorough review of existing permits for fossil fuel development.
Chico! Great summary "Why NioCorp".
Up and operating Mountain Pass: Lower REE concentrations per previous posts, it ships its raw materials to china to process, (working on fixing this), and 10% CCP ownership.
RT; I went to write my Senator on the committee, Dr. Roger Marshall, but for some reason the Senate.gov site won't accept my emails!
(I suspect the site is deliberately screening me. I can be rather bothersome.)
Nebraskan; A question of waiting this one out.
I hope they have their cornerstone investor and can get a signed contract with Cementation and get some survey stakes with orange flags on the property.
That said, how will Huskers football do this year? (I'm Having fun listening to KU in the Final Four!)
Wonderfilmteam: "Chachi zone...multiple outcrops of high-grade nickel w/ grades of up to 7.7%."
https://www.facebook.com/Endurometals/videos/727054302012199/
(March 7 202 Enduro Face book post)
Enduro Metals
March 7 at 9:30 AM ·
Chachi Zone, we have identified multiple outcrops of high-grade nickel w/ grades of up to 7.7%. Chachi is a large geochemistry footprint of #gold, #copper, #silver, #lead, #zinc, nickel & #cobalt that's never been drill-tested. Results pending.
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COO Dylan Hunko sampling Chachi Corridor in 2019
COO Dylan Hunko sampling Chachi Corridor in 2019 ·
·
33 Views
Chico237;All: Ruble pegged to Gold, Russia will require payment in Gold for gas sales.
People can read the story and make up their own minds. The most immediate affect will be for the people in Europe who need to buy Russian Gas and Oil. (G7 has already rejected payments in rubles as a violation of their contracts with Russia.) Russia has a lot of gold reserves in overseas banks that have been "embargoed" because of the situation in Ukraine. I suspect that whenever they release them they will start to repatriate their physical holdings to Russia. Not a goldbug, but I see demand for gold rising.
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Russia pegs Ruble to gold
(UPDATED 10:39 AM EDT SEE BOTTOM) The Central Bank of Russia has officially announced that, as of March 28, 2022, the Russian Ruble currency is BOUND to Gold. The rate is 5,000 Rubles per gram of gold bullion.
(NOTE: This story has been corrected to report "TROY" ounces as opposed to dry ounces, and the values recomputed to reflect there are more grams per TROY ounce than in a dry ounce.)
There are 32 grams in each TROY ounce. 32 grams times 5,000 rubles per Gram is 160,000 Rubles. Ya with me so far?
The conversion rate of Rubles to U.S. Dollars is 100 Rubles, 90 Kopecs, to each US Dollar.
If Rubles are bound to Gold at 5000 Rubles per gram, and there are 32 grams per TROY ounce, meaning one ounce of gold would cost 160,000 Rubles, then converting that to US Dollars means Gold is $1600 per ounce when using Rubles, instead of $1,928 per ounce using Dollars.
Russia just wiped out about thirty percent (30%) of the value of the US Dollar, worldwide, when it comes to Gold Bullion.
Worse, because Russia will only sell its oil and gas in Rubles, and Rubles are now fixed at 5,000 Rubles per gram, anyone wishing to buy Oil or Gas will need to either pay in Rubles or pay in Gold, and they won't get the US Dollar value for the gold they tender as payment!
People around the world will be literally THROWING their money at the Ruble and DUMPING Dollars and EUROS to do it.
What Russia just did is the financial equivalent of detonating a nuclear bomb.
FWIW, the last guy on this planet who tried to back a currency with Gold, was Muammar Quadaffi of Libya.
NATO went into Libya, bombed the shit out of it, until the people of Libya grabbed Quadaffi on the street, beat him bloody, and put a bullet in his head.
As of this hour, 10:39 PM EDT, I suspect Bankers all over the world are on the phones with each other and with heads of state, instructing them that what Russia has done will totally smash both the US Dollar and the EURO, and those Bankers will be telling the heads of State that World War 3 must commence immediately.
Let me explain why.
Today, the Russian Central Bank pegged Rubles to Gold.
Last week, Russia declared they would only sell OIL and GAS in . . . Rubles.
This means Russian OIL and GAS are pegged to Gold with Rubles as the proxy for Gold.
EFFECT: Europe (that needs Russian Gas and Oil) will now have to buy Rubles from Putin using Gold, or pay for the Oil and Gas with Gold itself.
Currently, the FOREX Rate for Rubles to Dollars is about 100:1
BUT . . . with 5,000 Rubles now equaling one gram of Gold, and oil being priced directly in Gold, we are going to see a MASSIVE price disruption in FOREX markets, in terms of how much Gold a Dollar can still buy.
Foreign countries holding our Dollar Debt Notes in Reserve, will see an immediate, and far less use for them and will want to start dumping them in favor of something more stable; something which holds its value.
Basically, any currency pegged to Gold will fit the bill. which means countries like that -- like Japan -- will start dumping their Dollar Debt as fast as they can -- they are NOT going to go down with the ship! They will move into more stable currencies, like . . . the Ruble.
This will have a DE-flationary effect on the Ruble, making it more valuable over time.
Chico; Thanks buddy! Price is up today! I keep waiting for info on that 57 ton test run and I think some additional core samples.
No, I suspect that every CEO tends to shoot high and Pini with USA Rare Earths is having the same problems as Niocorp. Roundtop has as lab or processing facility in Wheat Ridge CO which is not far from NioCorp HQ.
I sold some Ishares gold IAU and moved the money into Wheaton Precious Metals which gives me some exposure to that market. (Not the physical metal.) I wonder how Rare Earths and SHCMF will do in comparison? ( WPM does issue dividends so there is that....)
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This is an interesting thing. I just saw it today so not sure yet what to make of it. (Nothing good if true!)
https://www.armstrongeconomics.com/world-news/taxes/ecash-bidens-attack-on-the-financial-markets/
(Weasels!)
Marketwatch article. Discusses owning bullion. Does not hurt to also have some gold mining stocks in ones portfolio.
https://www.marketwatch.com/story/russia-just-made-a-case-for-owning-goldand-nobody-noticed-11648415950?mod=home-page
Gold and Gold prices.
https://rumble.com/vyjp5x-putin-just-pegged-the-ruble-to-gold.html
The central bank in Russia just announced they will buy gold at a specified rate from its banks for the next three months. While this rate is under the current price of gold, it effectively pegs the ruble to gold and sets a floor underneath the gold price. The real fun starts if Russia decides to price oil in rubles or gold after this move. They
could effectively force the world onto a new gold exchange standard.
(Maybe...Still!)
https://www.zerohedge.com/commodities/how-wests-ban-russian-gold-could-backfire
Rubles for oil
Putin has ordered that gas contracts with "unfriendly" countries--those responsible for sanctions against Russia--be settled in rubles rather than in foreign currencies and gave Russia's central bank and gas suppliers like Gazprom one week to implement the change. more at link.
"Hostile" countries need to buy rubles for oil settlement or pay directly in gold.
(Make up your own mind on this.)
Chico; As always, thank you for analysis and comments! I think that Covid has been a major disruption for world economies (possibly deliberately!)
Maintaining my holdings in SHCMF and NIOBF.
https://www.globenewswire.com/news-release/2021/10/20/2317844/0/en/Search-Minerals-and-USA-Rare-Earth-Enter-Non-Binding-Memorandum-of-Understanding-for-an-Offtake-Agreement.html
VANCOUVER, British Columbia, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”) and USA Rare Earth, LLC (“USA Rare Earth”) are pleased to announce that Search Minerals Inc. and USA Rare Earth, LLC have signed a non-binding Memorandum of Understanding (“MOU”) for an offtake of 500 tonnes/year of Neodymium (Nd) / Praseodymium (Pr) from future production at the Deep Fox or Foxtrot deposits. The parties will continue to conduct customary, commercially reasonable due diligence in advance of entering into any definitive agreements. In addition, USA Rare Earth exercised 4,500,000 warrants as part of the Accelerated Warrant program as announced in the Company’s press release dated August 18, 2021. Each warrant was exercisable into one common share at a price of $0.10, and as announced in the Company’s press release dated August 18, 2021, the Company had accelerated the expiry date of the warrants to September 30, 2021.
This MOU is part of Search’s and USA Rare Earth’s development plans to expand the collaboration to include discussions regarding separation, marketing and offtake of a portion of the future production at Deep Fox and Foxtrot. These discussions are in line with Search’s ambition to be an important contributor to the development of a North American Critical Material supply chain and USA Rare Earth’s strategy of Mine-to-Magnet processing and the development of a complete and sustainable North American rare earth supply chain.
On November 10, 2020 Search and USA Rare Earth jointly announced a Technical Collaboration Framework Agreement whereby the two companies would work on several initiatives.
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Russia is now requiring payment for oil in either Rubles or Gold, so I do not think it is bad to have some precious metals mining stocks as well as the metals themself.
I held NAK at one point. Currently have ENDMF. I will post some comments about gold to the ENDMF board.
Appia; I have been very hesitant about Bit Coin although I understand its attraction. (Canada attempted to shut down some form of bit coin owned by truckers and was told to shove it, there are no "accounts" over which we have control.")
My concern is that at some point Governments or their Central banks will attempt to force everyone onto digital currency whose value can then manipulated to implement the social policy of the day.
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Nebraskan; I am posting these, not endorsing them. WEF and BlackRock.
Black Rock video article:
"This company owns the world ..."