Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I figure if NMX builds a Lithium Processing plant and once they begin production from W deposit,they will buy up Tucana as well as start really getting serious about Sirmac. This is for long term investors,imo
I think it's time to ask for resignations of anyone who was part of US Silver before the merger and voted for it. I'm thinking about 3 Directors,all of whom are still aboard and excepted options. In my opinion , it's almost criminal,it is morally bankrupt.
I don't think we really have the right to complain about Blasutti and his people because they really have not had a quarter to establish their intent,which is supposedly good.
It's cheap shots from analysts like Mickey Fulp (not directly at NMX ,but at Canadian lithium juniors) and now a 450 million CAPEX.,compared to the 250 million expected.
It's a good project and my feeling is it will take time to be appreciated. Canada,Quebec and the long term interest of the Chinese Battery industry are all on board so my feeling is it will succeed ,eventually.
This is my understanding Cougar , 42 wells have been permitted. A Bank or large institutional lender look at the property as far less risk if there has been some development,some absolute proof that the probable reserves, already present can be economically viable.(if not now ,at a time in the near future). If 1 well of those 42 permitted is already producing with good flow rates then the likelihood of a lender giving a better interest rate is assured.
Even if the well was barely economic,because of the NG prices ,but producing at a good rate lenders will be willing (at a better time). It is imperative that we have a producer and everything else falls in line over time.
A great deal of investors confidence in this company is relying on Kokopelli's clear and absolute proof of viability ,if not in the immediate future,the near term future.(within a year). Natural gas prices in 2013 will determine just how valuable this company will be. I think traders are sending this stock down because it's large retail interest is not knowledgeable enough about the intrinsic value. I don't fault them ,if that's what it is they do, but it is a very real answer to why our share price is below .60 cents.
All one needs to do, is some comparative analysis on NAV .This is exactly what is happening to this company right now,by major interests. They have no desire to have an escalating share price as it limits their long term exploitation of this company.
Since it's the processing plant that is likely increasing capex and the Quebec Government was the driver behind that,I think it's obvious where more financing might come from.It's definitely in the Provinces best interest and the PEA shows it can be paid for in under 4 years.
I think there might be more mine life extensions coming in December and lets not forget Sirmac , an exploration property with huge possibilities,down the road.
Charts and most especially Americanbulls are not good tools for trading or investing when ,collectively 3 years of fundamental information is upon us. (a confirmed sell means a buy to me.),unless you believe that bad news is coming.How did AB in "Turkey" ,know that ? shorts are out !,not big ,but improved
The next PR or next couple will tell us how much natural gas, ( dry or liquid ),that we can expect for the near future. This will immediately set the benchmark as to how much Kokopelli is worth. If it is generally positive ,banks and larger companies will be interested in lending (at excellent rates set aside for majors) or JV.
Nobody at the company ever had doubt about the value of DEJ's Kokopelli field but , you have to get that designation that the field can be assumed to be "Proven Developed".(it's all about financing) .I believe that designation will be assumed for 42 wells that have been permitted,thus funding or JV will be based on those 42 well permits.
Backwards , 4.32 sounds right for now.
There's no press releases because so many issue's that need to be resolved ,first have to go through the BOD . The meeting has been called early in order to proceed with Blasutti's plans.
Management turned the Hecla offer down because it didn't represent fair value for them and the shareholders. Their words were that the shareholders would be better off with the RX deal. But when ?
I believe they said or implied down the line.I believe we need to give them a chance to not only make their words iron but to greatly improve shareholder value.
This should begin shortly after the board has a chance to implement what is being discussed ,right now at the meeting.
1. AMEX listing
2. Progress on Cour
3. Progress on large miners permit for D.
4. shareholder inclusiveness
5. Possible M&A
Blasutti cannot begin the AMEX proceedings without BOD approval. They had one board meeting this year, more of an organizational and immediate directives than a mission ,like the AMEX. The second meeting where they can begin to make US Silver & Gold their company is tomorrow.
By this time ,Blasutti should have a better idea of exactly what they need to start a positive up surge.
Mid October is a typical correction for G&S stocks but since we really haven't had much upside ,I doubt it will effect us too much. Beyond that ,we start about 2 months of positive share price growth,until December tax sell off.
Here is the opportunity. Blasutti will start to communicate with the shareholders on a regular basis just as soon as he can begin to act on his promises . I for one ,believe he will do just that.
I believe the only reason why this company would not be an AMEX listed stock by or during 2013 Q1 is if we are in plans for a merger with an existing AMEX listed stock. These affairs cannot be reported.
Firecracker makes a lot of statements and calculations that are usually well done but saying something is dead without giving a possible reason why is not imo ,reliable.
I've told you why we haven't begun the AMEX listing and the only possible reason why we wouldn't begin one soon. If somebody thinks they know better ,by all means let us all know.
That's a mistake riverwabek . You should own a gold& silver miner and though I realize your probably underwater ,the likelihood of this stock reversing is better than most.
They are busy people ,I've gathered . Moving the Corporate offices was a good move . Blasutti is just beginning to get things in order. Tomorrow is a very important board meeting and our CEO is 100% behind the idea of quickly becoming an AMEX stock. He needs board approval.
I've left a request for an explanation concerning recent options. Though I have nothing against Directors and management receiving options as a part of Executive compensation, I would like them to be given at 110% above current share price (the day they are issued ) Why was this very fair formula not used ?
I have respect for this team and realize that our share price is suffering mainly because they are not yet properly organized but that reality is changing ,for sure.
Keep your eye on the big picture. Value at The Galena will begin to be realized because that's what these people are capable of and that's why they are here. Talking to locals around Drumlummon makes me believe we still might be in for some upside surprises .
Certain people known by their actual names as well as their ihub alias are not responded to.
I don't think new investors here are understanding that IF the merger was bad ,it was bad for the old shareholders.It's very positive for new investors because the share structure is basically the same and we have a more skilled management.
That's giving Drumlummon zero value. If we are shown some positive cash flow from Drumlummon at 1700 gold and 34 silver,it stands to reason that the company should be that much more valuable.
Bottom line ; The stock is a bargain at these prices and I continue to say vastly undervalued comparatively speaking to Hecla,Aurcana and Great Panther. Let some who disagree bring some facts on the different valuations.
I don't see where you got the idea Hecla was horrible from me. I just suggested that if you do some comparisons US Silver&Gold is far more undervalued than Hecla, Great Panther and Aurcana. I explained why. If you think I'm wrong ,tell me why.
200 Million to restore Lucky Friday to a 3 Million oz /year producer of silver is not what I would call a bargain. Spending 5 million on Galena will equal the 3 million oz of silver production ie; the Cour.
Spending 50 million on the Galena Complex will vastly out produce Lucky Friday. They have another unused mill that will/could with alterations and rehab take bulk ore from certain area's of the Galena Complex.This has already been suggested from Blasutti.
I'll admit there's some work to be done but in the end Galena will outperform Lucky in a far less dangerous environment,for a lot less cash.
I've said that Baker stumbled in not buying USSIF and it will cost HL dearly when investors start breaking down the numbers.
Aurcana cannot become a big producer of silver that will outperform the sector because it's share structure is way too high.They will have to consolidate shares sometime down the line. FD ,I think they are almost 2x Hecla which is almost 5X USGIF. Your valuations are way off,imo
The MM is getting aggressive .a 11 cent difference between bid and ask
The operator for the Drumlummon mine explained to me that the 5 acres of surface they are allowed to inhabit is very crammed. In order to expand into a larger scale operation they need the large miner permit ,otherwise it will remain as is.
Noise could better be handled if more space is present. Noise usually carries highest below what causes the noise therefore a simple earthen wall should cut down the noise if they only had the space. If what produces the noise is as high as 10 feet ,then build an inexpensive earthen wall (temporary of course),to about 20 feet.
I've used similar suggestions for daycares that are allowed in residential area's, which have been effective in stifling noise.
I agree that this noise pollution argument should have little difficulty in finding a solution.Jobs with consideration for residence is an easy fix.
That tells me that Drumlummon has a better than average chance of improving revenue's and at worst will play out for the next few years at about 25,000 oz's of gold.
It's partially because of a stigma of being a so called higher cost producer. The marketing of Hecla and Great Panther have been much better. They give the impression that they are such lower costs yet a little research shows clearly how they achieve those levels.
GPL is the real wonder to me. On all levels we seem to equal or better them if properly dissected .They have 2X the share structure ,there fore should have an even market cap with a share price half of US Silver&Gold.
In this crazy economy ,I'm not saying GPL is a bad investment.I also am not saying that Aurcana or Hecla are bad investments ,but if you really spend the time ,you notice that USGIF has superior numbers and the political and economic stability of the region where the assets are is better than both Aurcana and especially Great Panther.
Why are we telling the story ?
BASED ON WHAT ?
Based on comparative valuations with companies that resemble USGIF
I've said it several times. The Galena asset is in tact with a lot better people going after the most undervalued asset in Idaho and since the company share structure is basically the same as before (thanks to common shareholders) ,the Drumlummon assets are really FREE to revaluing the NAV. I don't see a huge increase in value yet but intrinsically,Drumlummon could turn into a windfall for us down the line.
Blasutti knew ,Sprott knew that the assets of the Galena Complex were grossly undervalued .The only weal spot was the companies high cash costs. We have all been told that finding new faces in the galena proper and completing the Cour will eventually lead to far less cash costs . Our competitors ie; HL and GPL are both using their gold assets as the driver to lowering cash costs (using gold as a by product)
I've heard nothing of us doing that .We will lower our cash costs through more efficient production of our mines and have a separate gold asset ,hence the name. US Silver AND Gold. HL is a silver producer using 50,000 oz's of gold each year to off set their cash costs .In the end you can't value them on low cash costs AND being a minor gold producer.It's one or the other.
a lot of misinformation going on in this sector....
I've had messages left for Nicole in Canada and Heather in The U.S. and no return call 4 days now.
If this is the new managements way to deal with it's shareholders,I think I'm in trouble. They are either too arrogant (which might eventually benefit us) or they have nothing to say.
I did call the D-mine and talked to a lady there that was familiar with the town and any of it's concerns about the mine. The town is split between wanting it and not wanting it.
The good news is that the real problem bothering the towns people is not environmental issue's but noise. It's noise pollution that's the problem.I'm not overly concerned about that being a a problem that cannot be solved.it can.
Ceo is actually working on deals.We are likely not going up considerably until some insiders become aware of the ramifications of his first message to the mining community.
I'm betting that DB has a lot of big plans .I think if he can make investors realize how undervalued we are comparatively to HL,RVM and GPL ,he will bring us over 4.00 /share. Our share structure is 2-5X better for investment than HL or GPL and our production is over 2X RVM,if our gold is converted to silver eq. I think our share price should be between RVM and HL and rising . 2.7 M oz's and another 500,000 next year from COUR with minimal investment.
Institutions are going to wake up and get us to the value we should be at and then silver spot and simply continuing the proper execution of our increases will take us well over the 5 dollar mark by Christmas,imo.
Plain facts, Galena complex has much more potential than Lucky Friday and Troy,not to mention it is beating both, handily at present production. It also has the proximity to hook up all mining operations to the Sunshine,which is an overlooked bonus .
Lucky Friday meets the requirements of being a real money pit.Even when and IF LF gets back on track producing 3M oz's /year, by spending another 100M , it will only equal in comparison to what the Galena complex could do just by spending a few million more on Cour.,. Baker screwed up by not buying US Silver for 3.00/share.(pre RX merger).I said it the past and I'll say it again,his own shareholders will hold him responsible for that blunder.
I think I was referring to the equivalent of a 60 cent plus share price ,2 consolidations ago.
I see no reason why this company should not go to 8-10 /share ,IF Silver goes on a tangent. I think when we were all believing in a 2.00 share price (my thoughts) ,we were thinking of a silver spot price of 70.00 plus. Mining costs are going up and this companies costs are going down. Drumlummon is nothing to brag about but it does get us to 2.7 million oz's of silver. If you avg. 50/oz next year of PROFIT, that's over 135 million .If you have 60M shares at 10 bucs /share ,Isn't that reasonable ?
Our thinking," back when", was only wrong in believing that silver was untouchable and the assurance of one of the World's authorities in silver investment certainly didn't hurt.
HL,situation is weird. They have 5X the share structure as we do ,yet only produce 2X the S&G. In order to get 3M more oz's from Lucky Friday,they spend a good deal of their cash. What's left is about 5X what USGIF has. Go figure how they are priced so much higher. It is all because we have not yet proven ,from Drumlummon that our gold assets will be worthy of the merger and that our new management is able to do what they initiated. HECLA (in share price)should be very little more than us,if you factor everything . It's beginning to become a sector all about sentiment and little to do with asset value,so we have to wait.
I can't even get a call back from Heather,whom I've never spoken to.Either they are busy or my name is mud.
No, SIL,RVM,MGN,AUNFF all silver down.
I would agree that without some advantageous news about Drumlummon,the assets we had before are the only assets a merger might give substantial value for.
Galena was not been valued correctly by our former management.I think now ,it would be.There is no real difference in share structure so we are as likely to be a M&A participant as before. What I'm really saying is the value of the company is better ,because we have those working for us now ,that understand the value and are more capable of improving that value.I've never heard an unflattering word from Blasutti about the Galena,even when trying to show that RX assets were in the same league.
Drumlummon is the catch 22. Can it improve the companies bottom line or is it a liability ? This new management sold it to us, so I would expect with a little help from the mine itself ,could be sold to someone else.
The reality is the company is stronger than it has ever been ,it's just it's common shareholders that are weaker,therefore M&A is on the table ,right now ,imo.
I've done comparative studies with GPL and the assets ,production and cash costs would be similar after gold is factored into USA .The difference is USA is in a safer jurisdiction and has about half the shares ,which says it should be about twice the share price.Aurcana has roughly twice the production but 8 1/2 times the shares fully diluted.Cash costs seems to be USA's weakness but the distorted numbers from GPL have more to do with gold and by products than leaner productivity. Anyway you add it up USSIF is undervalued far more than either Great Panther or Aurcana. Our new management is suppose to tell this story.
Somethings up and I think we are in far more capable hands this time around than last.
I think limiting M&A to silver companies is wrong. Silver is a commodity that many mining companies in general would want exposure to. Precious or even Base Metal companies would make exceptional partners with the Galena Complex.
HL is out of the running ,imo because they have already put a low ball offer in and backed it up with their reasoning.They said ,they thought Galena mine in itself, was not a good project but inferred they were interested in paying 1.80 /share for access to the complex.Not the smartest way to leave talks ,imo.
Numerous other analysts and company people that I have talked to believe Galena is a strategic gem because of it's reserves ,infrastructure and complex for inexpensive expansion in a safe jurisdiction.
Why do you think it's HL ? I think it has something to do with us BUYING-MERGING another low priced AMEX stock.
My board says after 30 minutes of trading , 0 shares traded
Every single news release,conference or interview with CEO Blasutti pointed directly at growth for this company by ANY means.That's his mandate !
The Amex is an obvious inclusion into that growth ,Is it not ? The last executives ,imo almost destroyed the company in their quest for the listing ,(much to my disagreement)
The fact is growth means volume and the AMEX listing most certainly promotes volume . For the company to suddenly abandon that immediate quest (if that information is correct),indicates that a merger or buy out of a company where the AMEX is already present ,is obvious,if not right away,in the coming weeks.
This is a strategy that I thought the company should have been pursuing before the 1-5 consolidation.I explained my views on line and to certain insiders ,long ago. Maybe they were listening,who really knows?
Whatever the case, you don't build a company towards 5M oz's a year with a QX listing . The Amex is an obvious benchmark with no apparent reason why it is all of a sudden taking a back burner.
It's like an ongoing nightmare,isn't it ? The Amex was always overrated but with what this companies shareholders have lost in the pursuit,I feel we have to continue down that road. Hope they have a competent person to handle the next try. Why this is not going ahead right away tells me that this company is on the block. Somethings up.
That's right, US Silver & Gold,in it's present form is going to have a short history ,in my opinion.
It's because the companies news line is silent.We all have huge expectations of this company, far above all of it's rivals yet, until some of those expectations become sound policy or actual success,the stock price will flounder. Had no options been awarded to the new management for success ,not yet achieved ,we would be 1 dollar higher by now ,in my opinion.
They are arrogant,but with that established I do believe they can and will propel this company upward."They know what they're doing,no doubt." We should have a LT buy signal on this stock ,all the way to 4.50 ,imo. Beyond that will largely depend on the value of silver,at that time.
Bullion, For the undervalued silver miners,this one was/is ranking at the top. I'm not crazy about the apparent transfer of wealth from commons to insiders but I will say that the likelihood of surprises is getting better by the day. Drumlummon is not impressive yet,but really has potential to bring it in ,over the next few years.
We will be starting up the Cour,developing bulk tonnage from Caladay and possibly even refit the Dayrock mill,all starting within a year ,so a lot of surprises to the upside is more likely than not ,imo.
I've never lost faith in the assets here and I have no doubt this new management which has already shown to be greedy ,might just make us all a lot of big money. No doubt of their competence. (Do some reading on these guys) Not a lot of downside to this investment at all. With silver threatening to have a good 2013 ,it should fit in very well with USGIF's plans.
I think 2.28 has been the bid for 10 minutes. No sellers
well said
Everything happens.The value goes up and to back up that statement talk to a bank in the business of lending to Petroleum Explorers.Our cost of borrowing will go down ,which means the property is less risky,according to a lender ,therefore a JV partner or buy out candidate will pay a lot more.
If Drumlummon was part of the Galena Complex,the gold production would cut the costs dramatically.this is HOW ,many of the competition to USA are bringing in low cash costs.Also,using capex derived from placements or loans instead of hindering production revenue for mine improvements. USA has done a lot of mine development ,lately through revenue's.
I'm not saying USA is such a lower cost producer than it is ,I'm saying your getting a distorted view from other companies of their true cash costs.
In any event,if the price of silver goes over 50 and stays ,which I believe is inevitable next year,whether a company has cash costs of 15 or 25 will not make much difference.It's more on what you do with what you have. This is why ,although I'm still sold on the project ,I won't leave this management alone until I'm either no longer with them or they succumb.
I'm going to be calling this week,as soon as I have a full day clear.
I think conflict of interest is more about 'disclosure' than whether or not ownership is similar.
I would pose the question , If shareholders were given choice between a completely neutral analyst and one that has /had close ties to a principal owner,where would we find better non byist judgement? Most people would say from the neutral. The point is ,even the smallest discrepancy of past dealings should be disclosed. I know you guys just want the price to rise ,but turning a blind eye to this stuff is not wise.
What if the new options can be triggered in just over a few months? It's hard to build the share price if the management is not monitored and influenced by shareholders. USGIF has the assets,no doubt ,grossly undervalued and the smart way to play it is let management know when we are not happy. Not because the share price is not up, but Why the share price is not up.
These options and lack on information concerning them is disregard for common shareholders .That attitude has to be restructured and the time to do it is now.
This company should be at 4 dollars today.If silver goes to 70/oz within a year and the management is considered shareholder friendly as well as competent,there is no reason why this can't be a 10 dollar stock. RESERVES RESERVES RESERVES mixed with demand mean more than any other selling feature.