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Auguries—Chicken
July 19, 2012
By Kevin Michael Grace
Gold was up (at press time) $9.70 (+0.6%) for the week to $1,580.90, and silver was up $0.08 (+0.3%) to $27.13. GoldCore reported July 19, “Gold has gained this morning after two straight days of Bernanke-testimony-related slight losses, and gold is testing resistance at the 50-day moving average at $1,586 per ounce.”
Bernancus Magnus admitted that the Fed has revised downward its already droopy growth projections, and “Given that growth is projected to be not much above the rate needed to absorb new entrants to the labour force, the reduction in the unemployment rate seems likely to be frustratingly slow.” For the time being, however, the Great One’s motto remains, “We will unleash no quantitative easing before its time.”
Read more about gold prices. http://resourceclips.com/2012/07/19/augurieschicken/
Auguries—Dog Days
July 26, 2012
By Kevin Michael Grace
Gold was up (at press time) $38.90 (+2.5%) for the week to $1,619.80, and silver was up
.32 (+1.2%) to $27.45. GoldCore attributed gold’s increase to “investor hopes for additional stimulus packages to be released by central banks [which] increased the yellow metal’s appeal as an inflation hedge. [This] was on the wave of Ewald Nowotny‘s comments and hopes that the US would employ further action after [the Fed's] policy meeting next week.”
Nowotny proposed giving the European Stability Mechanism a banking licence, an idea that should be a non-starter because it’s, well, illegal. But one suspects we’re about to witness a sea change in European law real soon now.
Read more about gold prices and Sandstorm. http://resourceclips.com/2012/07/27/auguries-dog-days/
Auguries—Dog Days
July 26, 2012
By Kevin Michael Grace
Gold was up (at press time) $38.90 (+2.5%) for the week to $1,619.80, and silver was up
.32 (+1.2%) to $27.45. GoldCore attributed gold’s increase to “investor hopes for additional stimulus packages to be released by central banks [which] increased the yellow metal’s appeal as an inflation hedge. [This] was on the wave of Ewald Nowotny‘s comments and hopes that the US would employ further action after [the Fed's] policy meeting next week.”
Nowotny proposed giving the European Stability Mechanism a banking licence, an idea that should be a non-starter because it’s, well, illegal. But one suspects we’re about to witness a sea change in European law real soon now.
Read more about gold prices and Sandstorm. http://resourceclips.com/2012/07/27/auguries-dog-days/
Faith In The Future
Doubleview Explores its Three BC Copper-Gold-Silver Properties
By Kevin Michael Grace
Two thousand and eight was not the most auspicious year to start a junior mining company. And it is a bold junior who goes to the market for funding in 2012. But Farshad Shirvani, President/CEO of Doubleview Capital Corp TSXV:DBV, is confident. Confident in his management and his properties and confident that the bear market in commodity equities is over.
“I’ve been in at least three of these cycles, and historically, I think we’re at the end of this one,” Shirvani declares. “The juniors are getting back on their feet.”
Read more about doubleview's Gold-Silver-Copper play. http://resourceclips.com/2012/07/25/faith-in-the-future/
Faith In The Future
Doubleview Explores its Three BC Copper-Gold-Silver Properties
By Kevin Michael Grace
Two thousand and eight was not the most auspicious year to start a junior mining company. And it is a bold junior who goes to the market for funding in 2012. But Farshad Shirvani, President/CEO of Doubleview Capital Corp TSXV:DBV, is confident. Confident in his management and his properties and confident that the bear market in commodity equities is over.
“I’ve been in at least three of these cycles, and historically, I think we’re at the end of this one,” Shirvani declares. “The juniors are getting back on their feet.”
Read more about doubleview's Gold-Silver-Copper play. http://resourceclips.com/2012/07/25/faith-in-the-future/
Strength To Strength
Alderon Derisks, Secures Partners, Port for 2015 Iron Ore Production
By Kevin Michael Grace
If you wanted to write a textbook on how to bring a major mining operation to fruition, you would likely lead off with Alderon Iron Ore Corp TSX:ADV. Less than three years after securing the Kamistiatusset “Kami” project in Labrador, Alderon strides confidently and forcefully toward 2015 production.
In just the last three months, Alderon has announced a strategic partnership and offtake agreement with China’s leading steel manufacturer, advanced its agreement with another partner, delineated a resource of over a billion tonnes and secured a port for export.
Read more about Alderon's Labrador Iron play. http://resourceclips.com/2012/07/26/strength-to-strength/
Strength To Strength
Alderon Derisks, Secures Partners, Port for 2015 Iron Ore Production
By Kevin Michael Grace
If you wanted to write a textbook on how to bring a major mining operation to fruition, you would likely lead off with Alderon Iron Ore Corp TSX:ADV. Less than three years after securing the Kamistiatusset “Kami” project in Labrador, Alderon strides confidently and forcefully toward 2015 production.
In just the last three months, Alderon has announced a strategic partnership and offtake agreement with China’s leading steel manufacturer, advanced its agreement with another partner, delineated a resource of over a billion tonnes and secured a port for export.
Read more about Alderon's Labrador Iron play. http://resourceclips.com/2012/07/26/strength-to-strength/
Trouble In Kyrgyzstan
Centerra’s Kumtor Gold Mine is Under Political Attack
By Kevin Michael Grace
Few Canadians have heard of Kyrgyzstan, and fewer still could find it on a map. But the landlocked central Asian republic is of particular interest to one Canadian company, Centerra Gold TSX:CG. Its Kumtor Mine, located high (over 4,000 metres) in the Tian Shan Mountains, has produced more than 8.4 million ounces of gold since 1997. On June 18, a 300-page report by a parliamentary commission accused Centerra of stealing gold and devastating the environment. Centerra shares have fallen by more than half since then.
According to VP Investor Relations John Pearson, the commission’s claims are “unfounded.” He explains, “We’ve had a number of international independent companies that have audited the site, and all those independent audits have come back and said the site operates and meets and exceeds all the Kyrgyz standards from an environmental standpoint. It meets the international standards which are even more stringent than the Kyrgyz standards. So we certainly feel that the parliamentary report’s findings on environmental issues are without merit.”
Read more about Centerra's political issues in Kyrgyzstan. http://www.resourceclips.com/2012/07/24/trouble-in-kyrgyzstan/
Auguries—Endgame
June 14, 2012
By Kevin Michael Grace
Gold was up (at press time) $28.30 (+1.8%) for the week to $1,619.60, and silver was down
.13 (-0.3%) to $28.41. According to Goldcore, “Gold appears to be consolidating after hitting its fourth session of gains, when weak US economic data, in the form of poor retail sales, led to renewed QE chatter. [It] is likely also being supported by real concern about the outcome of Greece’s elections on Sunday.”
Ah, quantitative easing, the Walter White-grade intoxicant demanded by globalists worldwide. Reuters reports June 13, “Many more years of money printing from the world’s big four central banks now looks destined to add to the $6 trillion already created since 2008… As rich economies sink deeper into a slough of debt after yet another wave of Euro financial and banking stress and U.S. hiring hesitancy, everyone is looking back to the US Federal Reserve, European Central Bank, Bank of England and Bank of Japan to stabilize the situation once more.”
Read more about gold prices. http://www.resourceclips.com/2012/06/14/auguries-endgame/
Auguries—Endgame
June 14, 2012
By Kevin Michael Grace
Gold was up (at press time) $28.30 (+1.8%) for the week to $1,619.60, and silver was down
.13 (-0.3%) to $28.41. According to Goldcore, “Gold appears to be consolidating after hitting its fourth session of gains, when weak US economic data, in the form of poor retail sales, led to renewed QE chatter. [It] is likely also being supported by real concern about the outcome of Greece’s elections on Sunday.”
Ah, quantitative easing, the Walter White-grade intoxicant demanded by globalists worldwide. Reuters reports June 13, “Many more years of money printing from the world’s big four central banks now looks destined to add to the $6 trillion already created since 2008… As rich economies sink deeper into a slough of debt after yet another wave of Euro financial and banking stress and U.S. hiring hesitancy, everyone is looking back to the US Federal Reserve, European Central Bank, Bank of England and Bank of Japan to stabilize the situation once more.”
Read more about gold prices. http://www.resourceclips.com/2012/06/14/auguries-endgame/
Graphite Digest — June 8, 2012
June 8, 2012
Big North completes SE Ontario EM Survey, ends IR Agreement
Big North Graphite Corp TSXV:NRT announced June 8 completion of an airborne electromagnetic survey of 1,187 line-kilometres with 100-metre spacing over its Griffith and Brougham properties in southeast Ontario. Preliminary data suggests both properties show conductors, including coincident features to the known graphite showings. Final data is expected next week and will be used to direct ground geophysics, mapping and sampling.
The company also announced it has terminated an investor relations agreement with Trident Financial announced on April 19. The Griffith-Brougham land package covers 6,500 hectares in a region that includes Ontario Graphite’s Kearney Mine and Northern Graphite’s TSXV:NGC Bissett Creek Project.
Read more about Big North's play and other graphite opportunities. http://resourceclips.com/2012/06/08/graphite-digest-%E2%80%94-june-8-2012/
The Armageddon Property
BCGold Sells Bulk-Sample Gold for Essential Cashflow
By Kevin Michael Grace
“In this business, you have to have a lot of irons in the fire,” declares BCGold TSXV:BCG President/CEO Brian Fowler. “I joked at the initial stages of BCGold when we acquired Engineer that I always looked at it as our Armageddon property. That is, if the world goes to hell in a hand basket, which it’s well on its way to right now, that I felt strongly even then that we’d be able to somehow produce a product; if we had a mine and mill, we could do that.”
Fowler’s jest is now a reality. The Engineer Mine property comprises 2,200 hectares located 32 kilometres west of Atlin, BC, on the south arm of Tagish Lake. Before it ceased production 70 years ago, it yielded more than 560 kilograms of gold and 278 kilograms of silver. Its grades were high—39 grams per tonne gold and 20 g/t silver—and it is that quality that has now become central to financing BCGold‘s continued operations throughout BC and the Yukon.
Read the rest of this article on BCGold's Yukon and BC plays. http://resourceclips.com/2012/07/11/the-armageddon-property/
The Armageddon Property
BCGold Sells Bulk-Sample Gold for Essential Cashflow
By Kevin Michael Grace
“In this business, you have to have a lot of irons in the fire,” declares BCGold TSXV:BCG President/CEO Brian Fowler. “I joked at the initial stages of BCGold when we acquired Engineer that I always looked at it as our Armageddon property. That is, if the world goes to hell in a hand basket, which it’s well on its way to right now, that I felt strongly even then that we’d be able to somehow produce a product; if we had a mine and mill, we could do that.”
Fowler’s jest is now a reality. The Engineer Mine property comprises 2,200 hectares located 32 kilometres west of Atlin, BC, on the south arm of Tagish Lake. Before it ceased production 70 years ago, it yielded more than 560 kilograms of gold and 278 kilograms of silver. Its grades were high—39 grams per tonne gold and 20 g/t silver—and it is that quality that has now become central to financing BCGold‘s continued operations throughout BC and the Yukon.
Read the rest of this article on BCGold's Yukon and BC plays. http://resourceclips.com/2012/07/11/the-armageddon-property/
Frank Candido’s Problem
Golden Hope’s President Says A Dysfunctional Market is Killing Juniors
By Kevin Michael Grace
Wednesday should have been a good day for Golden Hope TSXV:GNH President Frank Candido. His company released the first resource estimate of its Bellechasse-Timmins gold project, and he might have expected the market to reward its pioneering work in Quebec’s Beauce region. Instead, it was pummeled. Again.
Golden Hope shares fell Wednesday from $0.125 to $0.08. Candido is weary but not surprised. He explains, “In today’s market, good news doesn’t affect the market’s view of companies. If you look at all the press releases we’ve put out since March 1, you can be the judge if the results were good or if the information was positive.”
Read more about Golden Hope's Quebec play, and how market volatility negatively affects the junior market. http://resourceclips.com/2012/06/21/frank-candido-has-a-problem/
Wellgreen Emerges
Prophecy Platinum Passes a Milestone with its First Yukon PEA
By Kevin Michael Grace
Throughout a 50-year history with numerous owners, the Wellgreen Project has never lacked for promise. Extensively drilled, it briefly produced high-grade nickel and copper in the Yukon 30 years ago. The property has been owned since 2011 by Prophecy Platinum TSXV:NKL, which has added gold and platinum group metals (PGMs) to the traditional resource base. With the June 18 release of a positive preliminary economic assessment, that promise has begun to emerge. Wellgreen could, in the words of Chairman John Lee, “potentially reach of the size of the some of the world’s largest nickel-sulphide projects.”
Lee calls Wellgreen “humungous.” It measures 22.1 square kilometres precisely, with “up to almost 18 kilometers of known mineralization. We’ve only explored two kilometers. The existing resource, which is at 450 million tonnes, is entirely encapsulated in that two-kilometer strike.” The project is located in the southwest of the Yukon, 317 kilometres northwest of Whitehorse, 35 kilometres northwest of the Burwash Landing airstrip, 15 kilometres from the Alaska Highway and 402 kilometres from the deepsea port of Haines, Alaska.
Read more about this gold play in the Yukon. http://resourceclips.com/2012/06/22/wellgreen-emerges/
Wellgreen Emerges
Prophecy Platinum Passes a Milestone with its First Yukon PEA
By Kevin Michael Grace
Throughout a 50-year history with numerous owners, the Wellgreen Project has never lacked for promise. Extensively drilled, it briefly produced high-grade nickel and copper in the Yukon 30 years ago. The property has been owned since 2011 by Prophecy Platinum TSXV:NKL, which has added gold and platinum group metals (PGMs) to the traditional resource base. With the June 18 release of a positive preliminary economic assessment, that promise has begun to emerge. Wellgreen could, in the words of Chairman John Lee, “potentially reach of the size of the some of the world’s largest nickel-sulphide projects.”
Lee calls Wellgreen “humungous.” It measures 22.1 square kilometres precisely, with “up to almost 18 kilometers of known mineralization. We’ve only explored two kilometers. The existing resource, which is at 450 million tonnes, is entirely encapsulated in that two-kilometer strike.” The project is located in the southwest of the Yukon, 317 kilometres northwest of Whitehorse, 35 kilometres northwest of the Burwash Landing airstrip, 15 kilometres from the Alaska Highway and 402 kilometres from the deepsea port of Haines, Alaska.
Read more about this gold play in the Yukon. http://resourceclips.com/2012/06/22/wellgreen-emerges/
All Mining Is Local
Red Eagle Moves Toward 2015 Production at Santa Rosa in Colombia
By Kevin Michael Grace
For over 500 years, the world has been enticed by Colombia’s gold. But for several decades, the South American nation has been so weakened by drug cartels and Marxist revolutionaries that foreign miners stayed out. As a result, Red Eagle Mining TSXV:RD CEO Ian Slater says, “Colombia hasn’t had modern exploration.” To him, this makes for opportunity without parallel.
“We created the company for Colombia,” Slater declares. “We have other projects. We have a private company [Black Eagle Mining] developing a metallurgical coal project in Alberta. We have Slater Mining TSXV:SLM in Kazakhstan. I’m on the Board of Miranda Gold TSXV:MAD, a project generator out of Nevada. They went into Colombia, and I went down with them. They acquired a lot of land and JVed them all out; that’s their business model.”
Read more about red Eagle's Colombia gold play. http://resourceclips.com/2012/07/04/all-mining-is-local/
All Mining Is Local
Red Eagle Moves Toward 2015 Production at Santa Rosa in Colombia
By Kevin Michael Grace
For over 500 years, the world has been enticed by Colombia’s gold. But for several decades, the South American nation has been so weakened by drug cartels and Marxist revolutionaries that foreign miners stayed out. As a result, Red Eagle Mining TSXV:RD CEO Ian Slater says, “Colombia hasn’t had modern exploration.” To him, this makes for opportunity without parallel.
“We created the company for Colombia,” Slater declares. “We have other projects. We have a private company [Black Eagle Mining] developing a metallurgical coal project in Alberta. We have Slater Mining TSXV:SLM in Kazakhstan. I’m on the Board of Miranda Gold TSXV:MAD, a project generator out of Nevada. They went into Colombia, and I went down with them. They acquired a lot of land and JVed them all out; that’s their business model.”
Read more about red Eagle's Colombia gold play. http://resourceclips.com/2012/07/04/all-mining-is-local/
Auguries—Treason of the Clerks
June 28, 2012
By Kevin Michael Grace
Gold was down (at press time) $12.40 (-0.8%) for the week to $1,552.10, and silver was down
.65 (-2.4%) to $26.29. According to Reuters, gold is “acting more like a risk asset than a safe-haven investment…influenced by pessimistic expectations for a European Union summit that is unlikely to yield the magnitude of measures needed to tackle its debt crisis.”
Good old Reuters. At the Globe and Mail, Tim Kiladze mocks, “Here’s a simple question for the goldbugs: if their precious metal is such a safe haven, why hasn’t it shot up as the European debt crisis unravels?”
Read the rest of this article on gold prices. http://resourceclips.com/2012/06/28/auguries-treason-of-the-clerks/
Auguries—Treason of the Clerks
June 28, 2012
By Kevin Michael Grace
Gold was down (at press time) $12.40 (-0.8%) for the week to $1,552.10, and silver was down
.65 (-2.4%) to $26.29. According to Reuters, gold is “acting more like a risk asset than a safe-haven investment…influenced by pessimistic expectations for a European Union summit that is unlikely to yield the magnitude of measures needed to tackle its debt crisis.”
Good old Reuters. At the Globe and Mail, Tim Kiladze mocks, “Here’s a simple question for the goldbugs: if their precious metal is such a safe haven, why hasn’t it shot up as the European debt crisis unravels?”
Read the rest of this article on gold prices. http://resourceclips.com/2012/06/28/auguries-treason-of-the-clerks/
Shining Potential
Noble finds Awaruite among Ontario Nickel and Gold
By Greg Klein
Awa-what? Awaruite—pronounced a-WHAH-roo-ite—is a naturally occurring nickel-iron alloy that might be described as naturally occurring stainless steel, according to Vance White, President/CEO of Noble Mineral Exploration TSXV:NOB. And the stuff bids fair to further enhance the company’s Project 81, which already offers not only gold and nickel targets but also timber rights in the Ontario’s Timmins region.
That’s not to say that anyone expects to mine shining pots and pans straight out of the ground. But, as White points out, “Awaruite lends itself to magnetic separation in processing, which can mean shipping a concentrate direct to steel mills without smelting. It has tremendous benefits from both an environmental and a cost standpoint. You don’t need the CAPEX or operating costs of a processing facility.”
Read the rest of this article on Noble and their Ontario Nickel and Gold plays. http://resourceclips.com/2012/06/05/shining-potential/
Shining Potential
Noble finds Awaruite among Ontario Nickel and Gold
By Greg Klein
Awa-what? Awaruite—pronounced a-WHAH-roo-ite—is a naturally occurring nickel-iron alloy that might be described as naturally occurring stainless steel, according to Vance White, President/CEO of Noble Mineral Exploration TSXV:NOB. And the stuff bids fair to further enhance the company’s Project 81, which already offers not only gold and nickel targets but also timber rights in the Ontario’s Timmins region.
That’s not to say that anyone expects to mine shining pots and pans straight out of the ground. But, as White points out, “Awaruite lends itself to magnetic separation in processing, which can mean shipping a concentrate direct to steel mills without smelting. It has tremendous benefits from both an environmental and a cost standpoint. You don’t need the CAPEX or operating costs of a processing facility.”
Read the rest of this article on Noble and their Ontario Nickel and Gold plays. http://resourceclips.com/2012/06/05/shining-potential/
Win Win
Western Potash Will Buy Regina Waste Water for Giant New Mine
By Kevin Michael Grace
Consolidation has long been the name of game in Saskatchewan potash. Western Potash TSX:WPX was founded in 2007 with a different focus: the first new Saskatchewan potash mine since the 1970s. Western has found the resource, but it’s 1,600 metres below surface and will need to be flushed out. In a major innovation, that water is to come from the City of Regina, which would otherwise dump the treated effluent in the Qu’Appelle Valley.
According to John Costigan, Western VP Corporate Communications, “There are certainly no other potash solution mines in the world utilizing treated waste water.” According to a December 2011 43-101 prefeasibility study, the company’s Milestone Project holds 66.7 million tonnes measured (potassium chloride), 186.9 million tonnes indicated and 708.2 million tonnes inferred. Western will need 42,000 cubic metres of water a day to bring the potash to surface.
Read the rest of this article about Western Potash: http://resourceclips.com/2012/06/11/win-win/
More Gold, Half-Price Shares
Spanish Mountain Gold Bolsters Viability Toward 2015 Production
By Kevin Michael Grace
Spanish Mountain Gold TSXV:SPA President/CEO Brian Groves was in a good mood when Resource Clips last spoke to him. He had every right to be. The price of gold was high, and his company was well on its way to proving a significant deposit at its eponymous BC gold project. Ten months later, gold is still high, but the market is in a historic downturn, and his shares trade at a 50% discount. On the other hand, the project is considerably richer than before, with every indication it will become richer still.
Today, Spanish Mountain is, in Groves’ words, “a project with several million ounces in gold in what I consider still a very safe environment in BC, with a board that has an enormous network of connections globally.”
Read more about Spanish Mountain and their under-valued gold play: http://www.resourceclips.com/2012/06/12/much-more-gold-half-price-shares/
Europe’s Down Is Gold’s Up
An Interview with Marshall Auerback
By Kevin Michael Grace
Marshall Auerback of Pinetree Capital Ltd TSX:PNP was interviewed May 30.
Q: We keep hearing about a “bottom” in precious-metals equities. Are we at the bottom or near the bottom? Is it visible?
A: I think we’re very, very near it. I actually this Euro bank run and the crisis in Europe is very, very gold bullish. I think don’t think the problems we’ve had over the last few weeks indicate any fundamental problem with in the gold market itself. Whenever gold was pushed back toward $1,530, it’s been met with robust buying. I think there’s a lot of physical demand here. You’ve got an intensifying problem in the Eurozone. I think the deposit run problems have been vastly underestimated by the market, and I think the scale of the response that’s going to required by the ECB is of such magnitude it will be very gold bullish.
Read the rest of this interview on gold and the crisis in Europe. : http://resourceclips.com/2012/06/04/europes-down-is-golds-up/
Auguries—Terminal Velocity
May 31, 2012
By Kevin Michael Grace
Gold was up (at press time) $3.10 (+0.2%) for the week to $1,562.50, and silver was down
.55
(-1.9%) to $27.71. GoldCore reported, “Gold fell and tested support at $1,530 [Wednesday] but then bounced very sharply and rose by nearly $40… Yesterday may have been a form of ‘tipping point’ for gold whereby it again starts to display its safe haven status as it did soon after the initial price falls at the time of the Lehman financial crisis.”
The search for a safe haven is now something of an obsession as free-falling Europe approaches terminal velocity. Last week, this space announced the failure of the “last hope to save the European Monetary Union as currently constituted.” Foolish certainty. This week, we see the arrival of another last hope, the European Redemption (!) Pact.
Read more about gold prices and the eurozone crisis here. http://resourceclips.com/2012/05/31/auguries-terminal-velocity/
Auguries—Terminal Velocity
May 31, 2012
By Kevin Michael Grace
Gold was up (at press time) $3.10 (+0.2%) for the week to $1,562.50, and silver was down
.55
(-1.9%) to $27.71. GoldCore reported, “Gold fell and tested support at $1,530 [Wednesday] but then bounced very sharply and rose by nearly $40… Yesterday may have been a form of ‘tipping point’ for gold whereby it again starts to display its safe haven status as it did soon after the initial price falls at the time of the Lehman financial crisis.”
The search for a safe haven is now something of an obsession as free-falling Europe approaches terminal velocity. Last week, this space announced the failure of the “last hope to save the European Monetary Union as currently constituted.” Foolish certainty. This week, we see the arrival of another last hope, the European Redemption (!) Pact.
Read more about gold prices and the eurozone crisis here. http://resourceclips.com/2012/05/31/auguries-terminal-velocity/
The Contender
Commerce Releases Quebec REE PEA, Moves to Prefeas
Robert Owen
The bubble burst with such force that it blew away dozens of fledgling projects. That’s what happened to rare earths in 2011. Since then, the sector has seen a race to production which further separates the contenders from the pretenders. Last week’s preliminary economic assessment from Commerce Resources TSXV:CCE puts the Ashram Deposit at its northeast Quebec Eldor Project “in an advantageous position,” says Chris Grove, Corporate Communications.
Grove continues, “We have been rapidly advancing exploration at the project to be able to demonstrate this resource. Now, with this PEA, we have shown the robust economics of the Ashram Deposit, and we are excited about the next stages of development of it.”
Read more of this article on Commerce Resource's REE PEA. http://resourceclips.com/2012/05/31/the-contender/
The Contender
Commerce Releases Quebec REE PEA, Moves to Prefeas
Robert Owen
The bubble burst with such force that it blew away dozens of fledgling projects. That’s what happened to rare earths in 2011. Since then, the sector has seen a race to production which further separates the contenders from the pretenders. Last week’s preliminary economic assessment from Commerce Resources TSXV:CCE puts the Ashram Deposit at its northeast Quebec Eldor Project “in an advantageous position,” says Chris Grove, Corporate Communications.
Grove continues, “We have been rapidly advancing exploration at the project to be able to demonstrate this resource. Now, with this PEA, we have shown the robust economics of the Ashram Deposit, and we are excited about the next stages of development of it.”
Read more of this article on Commerce Resource's REE PEA. http://resourceclips.com/2012/05/31/the-contender/
Read the article and you'll find out.
Graphite Digest — May 25, 2012
May 25, 2012
Industrial Minerals reports 12% Drop in Graphite Prices
Natural graphite prices have fallen for the first time since March 2009, according to a May 23 Industrial Minerals article by Simon Moores. Large-flake graphite of +80 mesh grading 94% to 97% carbon fluctuated between $2,500 and $2,700 a tonne during 18 months of strong demand. Now prices have fallen as much as 12%, to between $2,200 to $2,700 per tonne. The smaller flake of -100 mesh, grading 94% to 97% C, fell by $100 to the $1,900-to-$2,300 range.
Read more of last week's graphite round-up: http://resourceclips.com/2012/05/25/graphite-digest-feature-2/
Graphite Digest — May 25, 2012
May 25, 2012
Industrial Minerals reports 12% Drop in Graphite Prices
Natural graphite prices have fallen for the first time since March 2009, according to a May 23 Industrial Minerals article by Simon Moores. Large-flake graphite of +80 mesh grading 94% to 97% carbon fluctuated between $2,500 and $2,700 a tonne during 18 months of strong demand. Now prices have fallen as much as 12%, to between $2,200 to $2,700 per tonne. The smaller flake of -100 mesh, grading 94% to 97% C, fell by $100 to the $1,900-to-$2,300 range.
Read more of last week's graphite round-up: http://resourceclips.com/2012/05/25/graphite-digest-feature-2/
Auguries—World Leaders Pretend
May 24, 2012
By Kevin Michael Grace
A wild week for gold, with the big gains of last Thursday and Friday wiped out and more but a recovery of $11 today. Gold was down (at press time) $15 (-1%) for the week to $1,559.40, and silver was up
.20 (+0.7%) to $28.26. Various news organizations posited various explanations for the gyrations, with liberal use of the nouns “Greece,” “Eurozone,” “US dollar” and “safe haven.”
Searching for a metaphorical peg for this column, one discovers just the thing, used in this space almost a year ago. So here it is again, Danny from Withnail and I: “Politics, man. If you’re hanging on to a rising balloon, you’re presented with a difficult decision—let go before it’s too late, or hold on and keep getting higher. Posing the question: how long can you keep a grip on the rope?”
Read the rest of this article on gold prices. http://resourceclips.com/2012/05/24/auguries-world-leaders-pretend/
Auguries—World Leaders Pretend
May 24, 2012
By Kevin Michael Grace
A wild week for gold, with the big gains of last Thursday and Friday wiped out and more but a recovery of $11 today. Gold was down (at press time) $15 (-1%) for the week to $1,559.40, and silver was up
.20 (+0.7%) to $28.26. Various news organizations posited various explanations for the gyrations, with liberal use of the nouns “Greece,” “Eurozone,” “US dollar” and “safe haven.”
Searching for a metaphorical peg for this column, one discovers just the thing, used in this space almost a year ago. So here it is again, Danny from Withnail and I: “Politics, man. If you’re hanging on to a rising balloon, you’re presented with a difficult decision—let go before it’s too late, or hold on and keep getting higher. Posing the question: how long can you keep a grip on the rope?”
Read the rest of this article on gold prices. http://resourceclips.com/2012/05/24/auguries-world-leaders-pretend/
A True Partnership
Tanzanian Royalty Goes 55/45 With Tanzania on the Buckreef Gold Project
By Kevin Michael Grace and Ted Niles
Editor’s Note: Since our interview with David Duval, he has left Tanzanian Royalty.
As the tide of “resource nationalism” swells throughout the world, foreign mining companies are increasingly fighting rearguard battles with their host countries. Tanzanian Royalty TSX:TNX decided to employ a different strategy with its Buckreef Gold Project in Tanzania. David Duval, special advisor to President Jim Sinclair, explains, “We did a deal on it [in 2010] and allowed the government to keep 45%. I think in a sense we almost sort of nationalized ourselves by giving the government a large piece of the action.”
Buckreef and the company’s other projects are located in the Lake Victoria Goldfields, a historic producer in East Africa. Other companies currently active in the region are Barrick TSX:ABX, AngloGold Ashanti and Golden Eagle. Buckreef “had been explored by a number of different operators over the past decade or more,” Duval says. “The last one was IAMGOLD TSX:IMG. They actually did a fair amount of drilling on the thing. During the global financial crisis in 2008, they ended up in some financial difficulties and abandoned a number of projects in Africa.”
Read more about Tanzanian Royalty's partnership agreement. http://resourceclips.com/2012/05/23/a-true-gold-partnership/
A True Partnership
Tanzanian Royalty Goes 55/45 With Tanzania on the Buckreef Gold Project
By Kevin Michael Grace and Ted Niles
Editor’s Note: Since our interview with David Duval, he has left Tanzanian Royalty.
As the tide of “resource nationalism” swells throughout the world, foreign mining companies are increasingly fighting rearguard battles with their host countries. Tanzanian Royalty TSX:TNX decided to employ a different strategy with its Buckreef Gold Project in Tanzania. David Duval, special advisor to President Jim Sinclair, explains, “We did a deal on it [in 2010] and allowed the government to keep 45%. I think in a sense we almost sort of nationalized ourselves by giving the government a large piece of the action.”
Buckreef and the company’s other projects are located in the Lake Victoria Goldfields, a historic producer in East Africa. Other companies currently active in the region are Barrick TSX:ABX, AngloGold Ashanti and Golden Eagle. Buckreef “had been explored by a number of different operators over the past decade or more,” Duval says. “The last one was IAMGOLD TSX:IMG. They actually did a fair amount of drilling on the thing. During the global financial crisis in 2008, they ended up in some financial difficulties and abandoned a number of projects in Africa.”
Read more about Tanzanian Royalty's partnership agreement. http://resourceclips.com/2012/05/23/a-true-gold-partnership/
South of Klondike
Prophecy adds PGEs to its Yukon Nickel-Copper-Gold Project
By Greg Klein
Long after the Gold Rush that such inspired characters as Sam McGee, Blasphemous Bill and Dangerous Dan McGrew, Yukon is again coming to international prominence as a new gold play matures. In the territory’s southwest, Prophecy Platinum Corp TSXV:NKL is developing one of the world’s largest undeveloped resources of nickel-copper-platinum group elements towards PEA and prefeasibility.
Unlike Russia and South Africa, producers of 85% of world PGE supply, Robert Service’s old stomping ground has settled into a stable, mining-friendly jurisdiction. That bodes well for Prophecy‘s Wellgreen Project and its newly found potential to host a rare PGE resource in addition to nickel, copper and gold.
Read more about Prophecy in the Yukon. http://resourceclips.com/2012/05/28/south-of-klondike/
South of Klondike
Prophecy adds PGEs to its Yukon Nickel-Copper-Gold Project
By Greg Klein
Long after the Gold Rush that such inspired characters as Sam McGee, Blasphemous Bill and Dangerous Dan McGrew, Yukon is again coming to international prominence as a new gold play matures. In the territory’s southwest, Prophecy Platinum Corp TSXV:NKL is developing one of the world’s largest undeveloped resources of nickel-copper-platinum group elements towards PEA and prefeasibility.
Unlike Russia and South Africa, producers of 85% of world PGE supply, Robert Service’s old stomping ground has settled into a stable, mining-friendly jurisdiction. That bodes well for Prophecy‘s Wellgreen Project and its newly found potential to host a rare PGE resource in addition to nickel, copper and gold.
Read more about Prophecy in the Yukon. http://resourceclips.com/2012/05/28/south-of-klondike/
Romarco President Diane Garrett on SC Haile Gold Mine Permit Process
Romarco Minerals Inc TSX:R announced a permitting update for its Haile Gold Project in Lancaster County, South Carolina. The company has received a schedule from the US Army Corps of Engineers for completing the environmental impact statement for the Federal 404 Wetlands permit. The schedule is as follows:
Draft EIS to be filed by December 14, 2012
Draft EIS comment period begins December 14, 2012
Draft EIS Public Hearing to be held January 29, 2013
Draft EIS comment period ends February 28, 2013
Final EIS to be made public July 19, 2013
Record of Decision on permit to be made August 16, 2013
The Federal 404 Wetlands permit is the only federal permit Romarco requires for Haile, a past-producing gold mine, which has 43-101 gold resources of 4.04 million ounces measured and indicated and 801,000 ounces inferred. The Corps of Engineers is the federal agency regulating 404 permits. Other pending permits include the State 401 Water Quality Certification and the State Mine Operating permit. The regulating agency for these permits is the South Carolina Department of Health and Environmental Control. DHEC will schedule its public hearing following the filing of the draft EIS by the Corps.
Read more about Romarco's permit application. http://www.resourceclips.com/2012/05/24/romarco-president-diane-garrett-on-sc-haile-gold-mine-permit-process/
Pennies On The Dollar
Western Copper’s Yukon Gold-Copper Project is Seriously Undervalued
By Kevin Michael Grace and Ted Niles
Western Copper and Gold’s TSX:WRN Yukon Casino project has the goods: proven and probable resources of 4.5 billion pounds copper, 8.3 million ounces gold, 60.6 million ounces silver and 494 million pounds molybdenum. But Western has a problem. “It’s the market,” says President/COO Paul West-Sells. “If you think about it, were trading at one-tenth of the value of our asset.”
Acquired by Western in 2006, Casino comprises 13,124 hectares located 380 kilometres northwest of Whitehorse and 560 kilometres northwest of Skagway, Alaska. It is, West-Sells says, “a very, very large porphyry deposit: 2.7 billion tonnes of ore. Interestingly, it is a weathered porphyry, so it has a supergene in the cap and a hypergene in the delineation. So this is different than deposits you see in British Columbia and a bit more similar to what you see in Arizona and Chile.”
Read more of this article on undervalued gold and copper. http://resourceclips.com/2012/05/22/pennies-on-the-dollar/