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Nick, In the name of getting some info up here, Im going to answer you here as well.
I think you did well to stumble on DNI. The company is hitting on 8 cylinders now with several near term catalysts, all of which will make the apparent value become real and fast. All that is needed is execution of the business plan, to put DNI on the top of the Graphite developers list. All the $100 Million CAPEX Graphite wannabes will watch as DNI just executes its way past them to production.
How and why? The answer is simple, Dan Weir, his knowledge and credibility, along with his secrete weapon - Saprolitic deposits, high grade, low processing cost deposits that only Brazil and Madagasgar offer. Saprolitic graphite deposits will allow a company to successfully move a graphite project forward in todays graphite market. Everything they do, from drilling to processing will be fast and low cost. As to Dan Weir, he has 25 years experience in the resource finance industry, has lived in Brazil and has an all star cast on his team. Take a look at the resumes for the Directors-advisors and ask yourself, why would these heavy weights be aligned with DNI?
So all the potential investor needs to do now, is place his bet as to weather they believe this company can execute.
Additional interests DNI has you may not know about, are the Buckton deposit that will be worth some money at some point and a gold royalty.
So if the other self named future Graphite producers are trading at an average market cap of $30 and DNI sits near $3 whats going to happen when the market gets it right? Its like Bob Moriartys book. Nobody Knows Anything
Checkmate28
Bob Moriarty Writes up DNI Metals Graphite project
http://www.theenergyreport.com/pub/na/dni-delivers-profitable-graphite
It starting to happen. Any day soon the drill will be turning up high grade graphite samples and the graphite space will see what DNI has under the hood. Its about that time, I speculate that DNI will start climbing up the graphite developer list making its assent to the top any day.
No better value in the graphite space right now. This is going to get some traction as they execute.
http://dnimetals.com/presentations/
Bob Moriarty Writes up DNI.... Luke, you sleeping through this one LOL?
http://www.theenergyreport.com/pub/na/dni-delivers-profitable-graphite
It starting to happen. Any day soon the drill will be turning up high grade graphite samples and the graphite space will see what DNI has under the hood. Its about that time, I speculate that DNI will start climbing up the graphite developer list making its assent to the top.
No better value in the graphite space right now. This is going to get some traction as they execute.
http://dnimetals.com/presentations/
DMNKF DNI Metals Bob Moriarty writes up DNI
http://www.theenergyreport.com/pub/na/dni-delivers-profitable-graphite
Keep your eyes peeled here Going to get interesting as they execute
GORO Cheap NOW! Buying this at or near $4.15 puts the EV near $200M
No brainer IMO! Just a short time before about 5 near term catalysts move production up plus lower CAPEX spending making for the better cash flow the market wants to see.
Bbotcs Just replying to an older RS post of yours. Heres a case where a RS actually made the stock move up big. In the end, what really matters is what do you get for the market cap and is the RS for a good reason or to saves the companys azz or allow them to print more shares down the road.
MTO up about 50% last 7 days
VAL-D'OR, QUEBEC--(Marketwired - April 12, 2017) -Metanor Resources Inc. ("Metanor" or the "Corporation") (TSX VENTURE:MTO) is pleased to announce that the consolidation of its common shares on the basis of 1 post-consolidation common share for every 10 pre-consolidation common shares held (10:1) will be effective at commencement of trading Thursday April 13th 2017.
BEIGLEDOG I can hear you breathing down my back. I Gotta put the turbos on.
Edge GWA There is no red flags. Hard to believe its selling off now. Might be the Sheridan family that once owned about 10% and has been selling periodically since Pat died.
On the upside. Couple points you might have missed. The ore sorter is going to be a big deal and surprise the market what it will do for Gowest. I met the specialist from Sacre Davey at PDAC. By coincidence, they were in the Gowest booth while I was there. They said, there is now a waiting list in the Timmins area for the sorters. 11 more on the way and Gowest being the first, might be a show and tell location for them.
For Gowest its going to double the head grade to 10 - 15gpt for $1/ton cost which will allow more oz from the bulk sample, greater production later for less OPEX & CAPEX. Market not seeing this now.
Pre feas AISC less than $900 Probably nobody believing this either.
Edge, GWA Hard to believe its trading at .15 today. Everything going well at head quarters. In a bit of a quiet period while they move dirt and ground prep in front of the ramp development. At some point this summer, its going to become a story. In the mean time Harte Gold moved up again.
DMNKF doubles O/S w/ $2.5M financing at .065
Thats a big financing and it cant be to keep the lights on and pay salaries. New investment is double the current market CAP. We need to see the plan for the money. There has to be more to this story. The fact that this not open to the general market now and only current shareholders, tells us, they must have large commitments already. These commitments must have done some DD. Stay tuned.
IIROC Trading Halt - DNI April 5, 2017 (ET): 8:42 AM
This one going to get interesting. Getting hard to keep up with them lately.
IIROC Trading Halt - DNI April 5, 2017
Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@franklyinc.com
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
VANCOUVER, April 5, 2017 /CNW/ - The following issues have been halted by IIROC:
Company: DNI Metals Inc
CSE Symbol: DNI
Reason: At the request of the Company Pending News
Halt Time (ET): 8:42 AM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
rtten Re GORO Thanks for the update. Figured they had to be coming on with something soon. I used to talk with them every 30 days but I put my shares on the set it and forget it shelf until 2018 at which point the'll be hitting on all those points you mentioned. Its a steal at 4.50 I but a bid in at 4.25 end of March, let it sit and they took it one day.
GORO Another one of those stocks that is like watching grass grow right now while they create value in the background. I call that pent up catalysts and future demand as they build out the value debt free with cash. Lets one sleep well at night. Doesn't help to talk about it much because all their hard work doesn't translate immediately to CF or profits.
Not POE thats been like watching astro turf grow. Its a minor.
Matt GWA.V your right, they were hoping to get in the portal Dec, before the freeze. Might have been due to the finalizing of the financing taking a little extra. Now there's about 2 years of money in the bank and nothing in the way, but a little time. Mining contractor on the ground working and they are busy on multiple fronts. They're very content at head quarters.
Not much going up lately anywhere with the minors. Last 8 months the GDXJ has come down. But Gold been up lately with no follow up on the minors.
Most of my pics are boring and Im sometimes guilty of being in early but it gives me time to pic away with the stink bids. I added a nice piece yesterday and last week at .155 I dont think I've sold any GWA yet. (edit I sold some GWA in the upper .20 on the run) The good thing is, the solid value keeps the pics from going down as they churn away at progress and improvements. Dont think I've had any down this year.
Another pic coming I DDed at PDAC, actually started before, but it was a must not miss booth. I can make the case its trading near 1x cash flow now, with a possible company maker 2017 exploration drilling campaign they will pay for from CF. We have time because nobody knows about this one and drilling starts later in the year. Chew on that for a minute. LMAO.
Struggling with time lately and don't want to roll it out without some good DD/background plus had to watch it trade or not trade for awhile.
Checkmate28
HRT/GWA Harte Gold +18% now trading $300 M market cap on just a Timmins ON bulk sample completion and a same size resource as GWAs.
Wont be long for investors to look back at Gowest Gold and see a carbon copy situation brewing right now. Thats a 6 bagger for GWA to get to a $300 M market cap. I think we have about 30 - 60 days for Gowest to gain attention and start moving up. Smarter to buy in early at .16 IMO and just wait.
LC Re TK Tinka Good for you for going big. I played it small.
July 2016 Checkmate28 wrote
Personally One story I like for Zinc, is TK Tinka Resources, only because I know a few things about the company. They are drilling one hell of a polymetallic/zinc resource and looking to sell to their north neighbor BHP Hilton for a $billion some day. Heres a story where I want to be careful to not be too early, sitting on dead money that could be in gold or silver. Pretty shrewd mgt also. This could fall in the category of extremely good sit and wait value though.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123781955
bbotcs Re ORV - RS, I done see it? They only have 136 M OS and no reason to dilute. They went to a major bank and borrowed $7M with an operating loan. They just press released it will be paid in full shortly this year.
Increasing production, sharply lower costs, improving balance sheet w/no debt. This is the company with the worst sentiment but in line for most improved. This stock price is going no where but up if gold holds. Strong support in low .20s
USA going to have its day. Might be a great buy in Dec.
Checkmate 28
rrten that guy ganndolph is brilliant the way he puts a post or information on a company together. More thorough than the people who are paid to do it for a living.
Trader Re Gowest GWA I agree with everything you said. Been like watching grass grow in the winter. On the positive, they are up a few hundred % up from early 2016 and like you said, made a lot of good progress.
Company says everything going very Great. They are very happy and not to worried about the share price right now. Just focused on getting everything done and moving forward ASAP and as cheap as possible. As to infrastructure, the tailing area and such, they are building everything out for commercial production as opposed to sizing for the bulk sample. Immediately after the bulk sample, they will push towards commercial production. As with Harte Gold, the share price improvements will come as they show the progress and especially when they hit the re body.
I still think there very under valued and valued as an explorer.
I was a buyer this week and still bidding if they'll sell for .155
Maybe Ill move it up next week.
The way I think about it, is that I see a lot of progress coming and a lot of value sitting as it is. I dont see any way for it to go lower unless gold tanks. I know if I wait for this to unfold, Ill be rewarded nicely in short time. That thought process, up against me buying something more risky that I dont understand so well makes me content to wait for the reward. They have everything Harte Gold has at 1/5 the market cap. They are just 1 year behind their bulk sample. I watched them very closely.
Just my 2 cents
Checkmate28
Checkmate28
DanKoloff ORV Orvana has put in large efforts in time and dollars to transitioning to a low cost miner. 95,000opy of gold and 14M lbs of copper at 2.80/lb with their improvements in costs and grades is going to produce a lot of Cash Flow. Company is guiding for 2017 AISC of $1150 with some expenced CAPEX. Im estimating Orvana will conservatively see a rate of $20Million yearly CF this year and a doubling of that next year.
The CIL circuit will triple quarterly gold production and lower costs at Don Mario in Bolivia. That's as grade goes from 1.25 g/t to 2.6 g/t in the shift from UMZ ore feed to LMZ ore feed, and gold recovery increases from 50 to above 80 percent all documented.
Mine life 8 -10 year mine life with another 8 - 10 years inferred, plus another 8 -10 years from the stockpile and tailings.
Stockpile mineral resources (measured):
2.2 M tonnes Contained metal : 129k oz Au1.84 g/t, 96 M lbs copper
Au 1.84 gpt / Cu 1.89% / Ag 49.30 gpt
Tailings 150k oz .7gpt
-----------------------------------------
At the El Valle mine, the restart of the Carles satellite mine has just increased throughput from 1350 tpd to 1850 tpd, and thats on its way to 2000 tpd. At the same time gold head grade will increase from 2.5gpt to 3.5 gpt as they blend more high grade oxide ore.
EV/oz M&I Resource $16
This just a slap together from my notes since Im to buries to get more detailed
Checkmate28
DanKoloff ORV Orvana has put in large efforts in time and dollars to transitioning to a low cost miner. 95,000opy of gold and 14M lbs of copper at 2.80/lb with their improvements in costs and grades is going to produce a lot of Cash Flow. Company is guiding for 2017 AISC of $1150 with some expenced CAPEX. Im estimating Orvana will conservatively see a rate of $20Million yearly CF this year and a doubling of that next year.
The CIL circuit will triple quarterly gold production and lower costs at Don Mario in Bolivia. That's as grade goes from 1.25 g/t to 2.6 g/t in the shift from UMZ ore feed to LMZ ore feed, and gold recovery increases from 50 to above 80 percent all documented.
Mine life 8 -10 year mine life with another 8 - 10 years inferred, plus another 8 -10 years from the stockpile and tailings.
Stockpile mineral resources (measured):
2.2 M tonnes Contained metal : 129k oz Au1.84 g/t, 96 M lbs copper
Au 1.84 gpt / Cu 1.89% / Ag 49.30 gpt
Tailings 150k oz .7gpt
-----------------------------------------
At the El Valle mine, the restart of the Carles satellite mine has just increased throughput from 1350 tpd to 1850 tpd, and thats on its way to 2000 tpd. At the same time gold head grade will increase from 2.5gpt to 3.5 gpt as they blend more high grade oxide ore.
EV/oz M&I Resource $16
This just a slap together from my notes since Im to buries to get more detailed
Checkmate28
rrten Nice to see you made it here. Just a small group brave enough at this point to put there dollars into DNI at this stage. We are in the Stage of awakening! Most all companies can talk about their plans and make them sound good. DNI has been making some nice moves in growing this company and soon DNI will be climbing to the top of the most undervalued graphite company list. This is going to happen as the market sees the short DNI path to production and the minimal cost to do it. Were in for some interesting times these next 6 months.
Its the few that do the walking, that actually work out well for investors.
Luke has been doing a great job laying things out here. Luke we appreciate you. Not many boards with such an informative information page. I see many that haven't been updated in 3 years.
ORVMF Orvana Minerals. First post here and a mining company, but this has to help somebody. ORV at .21 is My number one pic for this year for today. Most of yesterdays and todays volume was me adding to an already nice position.
Now I like to buy them when everyone hates them, but not before loads of DD. I spent some quality time at the Orvana booth at PDAC. I dont mind the patience and being unpopular when I know Im right. Trust me, you DD this one well and you will see the opportunity to be in the right place at the right time to catch this turn around.
This is a solid company making a huge transformation right now. Take just todays press release below that has gone unnoticed. This is the completion of a new CIL circuit that will process ore from 3 different sources. Source one, previously had a 50% recovery and was just bumped to near 80%. Thats a 5o% improvement that will increase revenues and lower costs. They have for the near term production, multi year feed available from both stock piled ore and a near 1.5gpt tailing pile that will be Very low cost due to very little labor. The AISC an the presentation is sickening high due to the CAPEX being expensed as opposed to capitalized. They should be cash flow positive, adding to the current cash position while paying down their $7M loan to zero in fiscal 2017 witch ends this Sept. This is just one piece of the story as their is much more. Production guidance this year is 13 million pounds of copper and 350,000 ozs of silver. 40,000 ounces gold from Don Mario (Bolivia) and Ele Valle (Spain) 55,000 ounces. The Dore processing facility is new, plus saving costs as well.
Its screaming stupid at a sub $30M MC. You only to ask, do you believe it? then either make the speculation or pass.
ORV ORVMF Orvana reports first doré shipment by Don Mario Mine
TSX:ORV
TORONTO, March 29, 2017 /PRNewswire/ - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") is pleased to report that the first commercial shipment of gold-silver doré was made from the recently re-commissioned carbon-in-leach circuit (the "CIL Project") at the Company's Don Mario Mine.
On March 28, 2017 the first commercial shipment took place, comprising 11 bars with approximately 5,800 ounces of gold and 1,700 ounces of silver, based on provisional assays. As previously announced, Don Mario's first gold-silver doré bar was poured on January 22, 2017 and the CIL circuit is now fully operational. The gold-silver doré bars will be exported for refining and sale pursuant to arrangements with arm's length, third parties.
Jim Gilbert, Chairman and CEO, stated "We are very pleased with the successful re-commissioning of the CIL plant at Don Mario. The commissioning was executed as planned and is now achieving enhanced gold recovery approaching our target of approximately 80%. This important milestone at Don Mario Mine is delivering on our commitment to maximize shareholder value by increasing gold recovery, lowering unit costs and, with the enhanced processing capability, facilitating the expected mine life extension opportunities at the Don Mario operation. Congratulations to the Don Mario team on this tremendous achievement."
Total capital costs for the CIL Project are in line with the capital cost estimate established by the Company in 2016 of US$6.4 million to accuracy estimate of +/- 15% including owner's costs and 15% contingency.
The Company anticipates that the CIL circuit will deliver substantially higher average gold recoveries of approximately 80% compared to recent average gold recoveries of approximately 55% from the prior flotation only process. The forecast increase in gold ounces produced is expected to positively impact unitary cash costs and provide free cash flow in the second half of fiscal 2017, allowing for full repayment of the US$7.9 CIL Project financing by the end of fiscal 2017.
ORV at .21 is My number one pic for this year for today. Most of yesterdays and todays volume was me adding to an already nice position.
Now I like to buy them when everyone hates them, but not before loads of DD. I spent some quality time at the Orvana booth at PDAC. I dont mind the patience and being unpopular when I know Im right. Trust me, you DD this one well and you will see the opportunity to be in the right place at the right time to catch this turn around.
This is a solid company making a huge transformation right now. Take just todays press release below that has gone unnoticed. This is the completion of a new CIL circuit that will process ore from 3 different sources. Source one, previously had a 50% recovery and was just bumped to near 80%. Thats a 5o% improvement that will increase revenues and lower costs. They have for the near term production, multi year feed available from both stock piled ore and a near 1.5gpt tailing pile that will be Very low cost due to very little labor. The AISC an the presentation is sickening high due to the CAPEX being expensed as opposed to capitalized. They should be cash flow positive, adding to the current cash position while paying down their $7M loan to zero in fiscal 2017 witch ends this Sept. This is just one piece of the story as their is much more. Production guidance this year is 13 million pounds of copper and 350,000 ozs of silver. 40,000 ounces gold from Don Mario (Bolivia) and Ele Valle (Spain) 55,000 ounces. The Dore processing facility is new, plus saving costs as well. This is just one piece of the story as their is much more. Its screaming stupid at a sub $30M MC. You only to ask, do you believe it? then either make the speculation or pass.
ORV ORVMF Orvana reports first doré shipment by Don Mario Mine
TSX:ORV
TORONTO, March 29, 2017 /PRNewswire/ - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") is pleased to report that the first commercial shipment of gold-silver doré was made from the recently re-commissioned carbon-in-leach circuit (the "CIL Project") at the Company's Don Mario Mine.
On March 28, 2017 the first commercial shipment took place, comprising 11 bars with approximately 5,800 ounces of gold and 1,700 ounces of silver, based on provisional assays. As previously announced, Don Mario's first gold-silver doré bar was poured on January 22, 2017 and the CIL circuit is now fully operational. The gold-silver doré bars will be exported for refining and sale pursuant to arrangements with arm's length, third parties.
Jim Gilbert, Chairman and CEO, stated "We are very pleased with the successful re-commissioning of the CIL plant at Don Mario. The commissioning was executed as planned and is now achieving enhanced gold recovery approaching our target of approximately 80%. This important milestone at Don Mario Mine is delivering on our commitment to maximize shareholder value by increasing gold recovery, lowering unit costs and, with the enhanced processing capability, facilitating the expected mine life extension opportunities at the Don Mario operation. Congratulations to the Don Mario team on this tremendous achievement."
Total capital costs for the CIL Project are in line with the capital cost estimate established by the Company in 2016 of US$6.4 million to accuracy estimate of +/- 15% including owner's costs and 15% contingency.
The Company anticipates that the CIL circuit will deliver substantially higher average gold recoveries of approximately 80% compared to recent average gold recoveries of approximately 55% from the prior flotation only process. The forecast increase in gold ounces produced is expected to positively impact unitary cash costs and provide free cash flow in the second half of fiscal 2017, allowing for full repayment of the US$7.9 CIL Project financing by the end of fiscal 2017.
Luke DNI Metals DMNKF Just more proof that DNI is getting the job done and fast. For anyone else, DNI is a no brainer at or near .07 Very low float, but it would be worth having even a small piece. Lot of short term progress coming and big plans for the future as well. I spent some good time with the companys CEO at PDAC and they dont get any better.
Ive been touting the company here while you could buy a sizeable position here at .035 Its a solid double from there. This company is near the only company that will produce graphite profitably due to the saprolite advantage. As this happens, they are going to move up near the top of the Graphite space as to value and credibility. As this is discovered, market cap is going to move as well. Very little risk with the current $3M MC
For anyone interested, Luke has a nice forum set up with a nicely updated Intro page.
http://investorshub.advfn.com/DNI-Metals-Inc-DMNKF-24051/
DNI bbotcs Do you trade from Canada or the US? If your in the US, there might be an extra step. With Ameritrade, I place the order and than call the Ameritrade broker and ask them to rout it straight to canada via TD Newcrest, otherwise someone takes a FX fee. TD Newcrest gets you a fair bid every time. Sometime in the near future they are planning a US OTCQX listing. Ive never traded anything on this exchange before, but since I liked the CEO, the company, his vision and its progress so much, I had to get the shares. With the link below, you can see the line up and the last 25 trades.
http://thecse.com/en/listings/mining/dni-metals-inc
Some nice progress coming the next 6 mths. Feel free to call Dan Weir CEO 416-595-1195 and have him run you thru the short and longer term plan. Hes glad to talk to potential share holders. Straight shooter no BS. Tell him Checkmate John sent you.
GWA.v Insider buying March 15
Mike Mascioli Gowest Director - Mining and Projects
The expert brought in to help Gowest develop mining, buying in directly in front of the portal and ramp development is definitely a good sign.
https://www.canadianinsider.com/company?ticker=GWA
DNI.ca DMNKF News!! DNI Metals: Madagascar Mining Permit - Graphite Saprolite Advantage
TORONTO, ON / ACCESSWIRE / March 16, 2017 / DNI Metals Inc. (CSE:DNI) (FSE: DG7N) (OTC PINK: DMNKF) ("DNI" or the "Company").
Now trading at a $3M MC with much more news coming. Bulk trenching done. Drill is at the port now. First results should be in within 30 days. IMO, this property is very high grade with high jumbo flake content. Entire resource will be drilled and assayed in less than 6 mths per driller contract. This speed due to the Saprolite advantage that DNI has. Very low float here and drilling is paid for. CM
http://finance.yahoo.com/news/dni-metals-madagascar-mining-permit-155800662.html
DNI Metals Inc. "DNI" has a commercial Mining Permit ("Permis de Exploitation" or "PE") over its Vohitsara graphite project in Madagascar. Originally an artisanal mining permit ('PRE') at the time of the transaction, the Mining permit was granted by the Madagascar Minister for Mines through the national mining cadastre office ("Bureau du Cadastre Minier de Madagascar" or "BCMM").
The BCMM is the government agency responsible for administrative oversight of all mining tenements in Madagascar.
The obtaining of a commercial PE marked a significant milestone for DNI in Madagascar, as it allows DNI to move to commercial production at its option, subject to completion / fulfillment of the requisite environmental impact and social responsibility ("EIE" & "CSR") studies and obligations.
Neither of these requirements are onerous and DNI will be moving to fulfill these requirements concurrent with its upcoming fast-track exploration and development programme for the Vohitsara Project.
DNI's Mining ('PE') Permit has a term of 40 years and is renewable. The following table sets out the license types in Madagascar.
Dan Weir, CEO, commented, "We were attracted to Madagascar because it is known for its Large Flake, High Quality Graphite and because Madagascar has a modern and transparent Mining Code. Additionally, the area in which our Project is located contains excellent infrastructure and port facilities and the mineralisation itself is hosted within soft 'free-dig' material called saprolite, which greatly facilitates commercial extraction and processing.
Having a commercial mining permit at this stage gives DNI a significant advantage to advance its graphite production plans in Madagascar."
Permit Type PRE PR PE (DNI Permit)
Permit Description Artisanal Mining Permit Exploration Permit Mining Permit
Term of Validity 8 Years 5 Years 40 Years
Renewal 4 years - multiple 3 Years x 2 20 Years - Multiple
Eligibility Malagasy Nationals All Local Entities All Local Entities
Maximum Size (km2) 100 1,000 1,000
Rights Conferred Exploration & Mining Exploration Exploration & Mining
Sale of Mineral Products Yes No Yes
Restrictions Maximum 20 Workers / No Mechanised Mining Operations (Artisanal Only) No Commercial Mining Allowed Full Commercial Mining Allowed
Environmental Simple Preliminary Study (P.E.E.) Simple Preliminary Study (P.E.E.) Full Impact Study (E.I.E)
About DNI Metals
Certain advisors and directors of DNI have significant operational experience at historical hard rock graphite mines in Canada (e.g. Ontario and Quebec) and Australia. Between them, they have built three (3) processing plants and designed two (2) others; all, which were shut down in the 1990,'s due to increased Chinese competition.
It was our team's understanding of the high production and capital expenditure costs associated with so-called "hard rock" graphite mining that inspired DNI to search for saprolite-hosted graphite deposits.
Certain parts Madagascar and Brazil, produce graphite from weathered material called saprolite.
According to Dictionary.com, saprolite is described as:
"Soft, thoroughly decomposed and porous rock, often rich in clay, formed by the in place chemical weathering of igneous, metamorphic, or sedimentary rocks. Saprolite is especially common in humid and tropical climates. It is usually reddish brown or grayish white and contains those structures (such as cross-stratification) that were present in the original rock from which it formed."
DNI owns a commercially permitted, saprolite-hosted graphite deposit in Madagascar; located 50kms from the country's main seaport. The deposit is located less than two (2) kms from the paved national highway. DNI has the intention of developing the Vohitsara project, should the economic viability and technical feasibility be established. DNI has not established mineral resources or mineral reserves supported by a PEA or mining study (PFS or FS).
DNI has a graphite wholesale business, in which it buys and sells high quality graphite.
Steven Goertz (MAusIMM, MAIG), who is a qualified person, approved the technical disclosure in this news release.
DNI - Canadian Securities Exchange
DG7N - Frankfurt
DMNKF - OTC Pink
Issued: 40,558,775
For further information, contact:
DNI Metals Inc. - Dan Weir, CEO 416-595-1195
DanWeir@dnimetals.com
DNI.ca DMNKF News!! DNI Metals: Madagascar Mining Permit - Graphite Saprolite Advantage
TORONTO, ON / ACCESSWIRE / March 16, 2017 / DNI Metals Inc. (CSE:DNI) (FSE: DG7N) (OTC PINK: DMNKF) ("DNI" or the "Company").
Now trading at a $3M MC with much more news coming. Bulk trenching done. Drill is at the port now. First results within 30 days. IMO, this property is very high grade with high jumbo flake content. Entire resource will be drilled and assayed in less than 6 mths per driller contract. This speed due to the Saprolite advantage that DNI has. Very low float here and drilling is paid for. CM
http://finance.yahoo.com/news/dni-metals-madagascar-mining-permit-155800662.html
DNI Metals Inc. "DNI" has a commercial Mining Permit ("Permis de Exploitation" or "PE") over its Vohitsara graphite project in Madagascar. Originally an artisanal mining permit ('PRE') at the time of the transaction, the Mining permit was granted by the Madagascar Minister for Mines through the national mining cadastre office ("Bureau du Cadastre Minier de Madagascar" or "BCMM").
The BCMM is the government agency responsible for administrative oversight of all mining tenements in Madagascar.
The obtaining of a commercial PE marked a significant milestone for DNI in Madagascar, as it allows DNI to move to commercial production at its option, subject to completion / fulfillment of the requisite environmental impact and social responsibility ("EIE" & "CSR") studies and obligations.
Neither of these requirements are onerous and DNI will be moving to fulfill these requirements concurrent with its upcoming fast-track exploration and development programme for the Vohitsara Project.
DNI's Mining ('PE') Permit has a term of 40 years and is renewable. The following table sets out the license types in Madagascar.
Dan Weir, CEO, commented, "We were attracted to Madagascar because it is known for its Large Flake, High Quality Graphite and because Madagascar has a modern and transparent Mining Code. Additionally, the area in which our Project is located contains excellent infrastructure and port facilities and the mineralisation itself is hosted within soft 'free-dig' material called saprolite, which greatly facilitates commercial extraction and processing.
Having a commercial mining permit at this stage gives DNI a significant advantage to advance its graphite production plans in Madagascar."
Permit Type PRE PR PE (DNI Permit)
Permit Description Artisanal Mining Permit Exploration Permit Mining Permit
Term of Validity 8 Years 5 Years 40 Years
Renewal 4 years - multiple 3 Years x 2 20 Years - Multiple
Eligibility Malagasy Nationals All Local Entities All Local Entities
Maximum Size (km2) 100 1,000 1,000
Rights Conferred Exploration & Mining Exploration Exploration & Mining
Sale of Mineral Products Yes No Yes
Restrictions Maximum 20 Workers / No Mechanised Mining Operations (Artisanal Only) No Commercial Mining Allowed Full Commercial Mining Allowed
Environmental Simple Preliminary Study (P.E.E.) Simple Preliminary Study (P.E.E.) Full Impact Study (E.I.E)
About DNI Metals
Certain advisors and directors of DNI have significant operational experience at historical hard rock graphite mines in Canada (e.g. Ontario and Quebec) and Australia. Between them, they have built three (3) processing plants and designed two (2) others; all, which were shut down in the 1990,'s due to increased Chinese competition.
It was our team's understanding of the high production and capital expenditure costs associated with so-called "hard rock" graphite mining that inspired DNI to search for saprolite-hosted graphite deposits.
Certain parts Madagascar and Brazil, produce graphite from weathered material called saprolite.
According to Dictionary.com, saprolite is described as:
"Soft, thoroughly decomposed and porous rock, often rich in clay, formed by the in place chemical weathering of igneous, metamorphic, or sedimentary rocks. Saprolite is especially common in humid and tropical climates. It is usually reddish brown or grayish white and contains those structures (such as cross-stratification) that were present in the original rock from which it formed."
DNI owns a commercially permitted, saprolite-hosted graphite deposit in Madagascar; located 50kms from the country's main seaport. The deposit is located less than two (2) kms from the paved national highway. DNI has the intention of developing the Vohitsara project, should the economic viability and technical feasibility be established. DNI has not established mineral resources or mineral reserves supported by a PEA or mining study (PFS or FS).
DNI has a graphite wholesale business, in which it buys and sells high quality graphite.
Steven Goertz (MAusIMM, MAIG), who is a qualified person, approved the technical disclosure in this news release.
DNI - Canadian Securities Exchange
DG7N - Frankfurt
DMNKF - OTC Pink
Issued: 40,558,775
For further information, contact:
DNI Metals Inc. - Dan Weir, CEO 416-595-1195
DanWeir@dnimetals.com
Todays News! DNI.ca DMNKF The significance here? While DNI is not making a lot of cash wholesaling graphite, it is establishing off take agreements and proof of its ability to market and sell graphite. This is great business in the sense it will establish credibility for the company and its management, plus help when it time to go to raise money for the production facility or to gain the trust of other companies for larger graphite off takes when DNI gets into production. The saprolite and DNI'S low cost will allow DNI to sell graphite to the battery companies to a huge discount to what they pay now. It is fact that natural graphite is much better quality, produces more energy storage density and will be environmentally cleaner than the synthetic graphite being used now. We should see DNI drill off a resource with PEA, showing profitable economics this year.
This is all in my opinion and this is going to go like clock work and the market will take notice and re-rate DNI
Just on this agreement, if it were DNI'S graphite at $350cost per ton with maybe $50 to $150 per ton shipping there is still $600/ton profit at $1100/tn graphite.
That would represent $1.4M profit on this deal alone. Thats where this is going.
Checkmate28 AIMHO
Read more at http://www.stockhouse.com/companies/bullboard/v.dni/dni-metals-inc?postid=25970861#VXb8cKbXSwXVo2ci.99
DNI.ca DMNKF The significance here? While DNI is not making a lot of cash wholesaling graphite, it is establishing off take agreements and proof of its ability to market and sell graphite. This is great business in the sense it will establish credibility for the company and its management and help when it time to go to raise money for the production facility or to gain the trust of other companies for larger graphite off takes when they get into production. The saprolite and DNI'S low cost will allow DNI to sell graphite to the battery companies to a huge discount to what they pay now. It is fact that natural graphite is much better quality, produces more energy storage density and will be environmentally cleaner than the synthetic graphite being used now. We are going to see DNI drill off a resource with PEA showing profitable economics this year.
This is all in my opinion and this is going to go like clock work and the market will take notice and re-rate DNI
Just on this agreement, if it were DNI'S graphite at $350cost per ton with maybe $50 to $150 per ton shipping there is still $600/ton profit at $1100/tn graphite.
That would represent $1.4M profit on this deal alone. Thats where this is going.
Checkmate28 AIMHO
News!! DNI METALS INC. (DNI : CSE) (DG7N : Frankfurt)(DMNKF:OTC)
FOR RELEASE – March 13, 2017
DNI Metals Receives Purchase Order for 2,320 tonnes of Graphite
Toronto, Ontario - (Newsfile Corp. – March 13, 2017) DNI Metals Inc. (DNI : CSE) ("DNI" or the "Company")
DNI will deliver 2,320 metric tonnes of graphite to a customer’s facility in the United States. Monthly Shipments will commence in July and completed by December 2017.
About DNI Metals
Certain, advisors and directors of DNI have built and worked at historical hard rock graphite mines in Canada (Ontario and Quebec) and Australia. Between them, they have built three processing plants and designed two others, all which were shut down in the 1990’s due to increased Chinese competition.
It was our team’s understanding of the high production and capital expenditure costs associated with “hard rock” graphite mining that inspired DNI to search for saprolite-hosted graphite deposits.
Certain parts Madagascar and Brazil, produce graphite from weathered material called saprolite.
According to Dictionary.com, saprolite is described as:
“Soft, thoroughly decomposed and porous rock, often rich in clay, formed by the in place chemical weathering of igneous, metamorphic, or sedimentary rocks. Saprolite is especially common in humid and tropical climates. It is usually reddish brown or grayish white and contains those structures (such as cross-stratification) that were present in the original rock from which it formed.”
DNI owns a permitted, saprolite-hosted graphite deposit in Madagascar; located 50kms from the country’s main seaport. The deposit is 1.6kms off an arterial paved highway. As per the press release dated December 16, 2016, DNI has signed an agreement with Cougar Metals (ASX: CGM) with the intention of developing the project should the economic viability and technical feasibility be established. A drilling program will commence this month.
DNI has a graphite wholesale business, in which it buys and sells high quality graphite.
Steven Goertz, who is a qualified person, approved the technical disclosure in this news release.
DNI – Canadian Securities Exchange
DG7N – Frankfurt
DMNKF - OTC
Issued: 40,558,775
Gowest Engages Cementation
Provides Update on the Bradshaw Development
TORONTO, ONTARIO--(Marketwired - March 3, 2017) - Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA) is pleased to announce that it has engaged Cementation Canada Inc. ("Cementation") as the mining contractor to assist in the underground development of the Bradshaw Gold Deposit ("Bradshaw") as part of the Company's Advanced Exploration - Bulk Sample program.
Greg Romain said, "We are extremely pleased to have Cementation, with their wealth of mine development knowledge and focus on safety, as a key partner in developing Bradshaw, the next new mine in Timmins."
Roy Slack, President of Cementation Canada Inc. also commented, "All of us at Cementation are pleased to be partnering with Gowest on the Bradshaw project. It is an exciting mine development with substantial potential."
Bradshaw Development Update:
Gowest is currently working on site development and construction of the water treatment ponds, which are expected to be completed in mid-April, with portal work beginning immediately afterwards. Please see Bradshaw Development Timeline (http://media3.marketwire.com/docs/gwa0303timeline.pdf).
The Company has ordered an ore-sorter from Steinert US, which is to be used to sharply reduce handling costs and increase gold grades of ore sent for processing. Delivery of the unit is expected mid-year 2017.
The Company also announces the extension of its previously announced non-binding letter of intent with Northern Sun Mining Corp. ("Northern Sun") relating to the creation of a 50/50 joint venture corporation that will own and operate the Redstone Mill. It is now anticipated that definitive documentation in respect of the transaction will be completed on or prior to April 14, 2017, and closing will occur as soon as practicable thereafter. While negotiations are progressing positively, given time constraints on both the Company and Northern Sun, the parties require additional time to complete due diligence and complete definitive documentation. For additional details concerning the proposed joint venture, please refer to the Company's press release dated January 23, 2017.
Gowest Gold: Funding Update
PGB Funds Initial Tranche under Pre-Paid Forward Gold Purchase Agreement
TORONTO, ONTARIO--(Marketwired - Feb. 2, 2017) - Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA) is pleased to announce that, today, PGB Timmins Holdings LP ("PGB") funded the initial tranche of US$5,600,000 pursuant to the previously announced Pre-Paid Forward Gold Purchase Agreement (the "Agreement") entered into between PGB and Gowest on December 16, 2016. For further details concerning the Agreement, please see Gowest's press release dated December 16, 2016. PGB is an investment vehicle controlled by Pandion Mine Finance, LP.
The proceeds from the initial tranche will be used by Gowest principally to fund the development of its 100% owned Bradshaw Gold Deposit, as well as for general and administrative costs and the payment of transaction fees and expenses relating to the Agreement.
About Pandion Mine Finance, LP
Pandion is a mining-focused investment firm backed by MKS PAMP Group and Ospraie Management, LLC that provides flexible financing solutions to developing mining companies.
About Gowest
Gowest is a Canadian gold exploration and development company focused on the delineation and development of its 100% owned Bradshaw Gold Deposit (Bradshaw), on the Frankfield Property, part of the Company's North Timmins Gold Project (NTGP). Gowest is exploring additional gold targets on its +100-square-kilometre NTGP land package and continues to evaluate the area, which is part of the prolific Timmins, Ontario gold camp. Currently, Bradshaw contains a National Instrument 43-101 Indicated Resource estimated at 2.1 million tonnes ("t") grading 6.19 g/t Au containing 422 thousand oz Au and an Inferred Resource of 3.6 million t grading 6.47 g/t Au containing 755 thousand oz Au. Further, based on the Pre-Feasibility Study produced by Stantec Mining and announced on June 9, 2015, Bradshaw contains Probable Mineral Reserves, using a 3 g/t Au cut-off and utilizing a gold price of US$1,200 / oz, totalling 1.8 million t grading 4.82 g/t Au for 277 thousand oz Au
GWA.v GWSAF Gowest Gold Nobody knows anything! Thats what Bob Moriarty titled his last book. Great book by the way!
This is insane. Gowest is actually in the process of going under ground to start the process of bringing up 40-50k ounces per year of high grade gold at an AISC of under $900.
Gowest is currently moving dirt, secured the mining contractor, ordered the ore sorter, has the financing for the project in the bank, permitting in place and the market still whiffs. One just needs to see what and how Harte Gold moved from .07 to .50 last 12 months and realise, its the same set up and a perfect comparable to Gowest Golds that is literally 30 KM down the road from Gowest.
At .17/shr, I think Gowest is a pretty safe bet.
Wow just checked the price, and their currently trading at .165
Nobody really knows Anything.
I get the development period is often quiet but in this case, shares are to cheap compared to the real value. Their going to rerate soon
Checkmate28
DNI Metals 2 million shares at .08 traded today. Traded all thru Dec Jan near .03 while I posted here to buy it. This tiny company has a nice story and I would have made it a pic 3 for the contest if it qualified at over .10 Real news hasen't even started flowing. MC still only 3 Million
Drill going to land on shore any day and they will have a graphite resource fully drilled in a few months time with NI 43-101 Resource and PEA in hand in 6 mths or less from today. This is all due to the graphite being contained in Saprolitic ore. Loose weathered ore can be drilled, scooped and thrown in the float process where the graphite floats to the top when a reagent is added. This means they dont have to dynomite hard rock like all the north american companies and they can skip the crushing. This leaves them with operating cost thats are about half the costs of the Canadian Graphite companies. Bulk sampling has shown this to be near the highest grade purest large flake content available.
Next big advantage is permitting. North American Graphite companies with huge Market caps relative to DNI are not permitted. DNI is fully permitted.
CAPEX for DNI to build a 12000 TPY processing plant is about $15M Most Canadian companies are sitting with PEA studies asking for between $100m and $150m because they dont have Saprolite ore.
With this high CAPEX and OPEX, these so called current best candidate for future graphite developers aren't going to make it. The market is going to wake up.
With DNI, they can get started with their 12000 tonne plant. There costs will be near $350. Shipped to the US for less than $500/ton. Still half the COSTS of the Canadian wannabes.
Graphite production is just one prong. Their currently cash flowing now, by wholesaling graphite from Brazil to Great Lakes Graphite with an off take agreement. This business while not earth shattering is briskly picking up and profitable. The main key here, is to develop a network of customers and offtake agreements, so that when it comes time to go to the bank for financing, they can show the ability to attain customers and sell their products.
Additionally they have a small gold royalty and the Buckton base metal deposit that at one time had a PEA with $1.3 Billion CAPEX to put in production. Moose pasture for DNI, but they own it and with base metals moving up, its going to be worth something again.
Another probable future catalyst is the Lab, but thats on the back burner for a minute. I think with a little DD of the press releases emphasizing the progress so far, one would have to say, this is an interesting little company and Management has done a good job, making progress at little costs to share holders. Little risk when you look at the salable assets and near zero debt.
Not for most here since its been so illiquid. Thats because its been ground floor. Things should change when the resource is proved up. Should be looking at a 4 -5 bagger from Dec 2016 to fall or by end of this year.
Checkmate28
beigledog Im not a subscriber so cant answer PM. I go to PDAC every year. Hundreds of companies and booths. I like to get the schedule for the 20 minute company presentations ahead of time, mark where I want to be, and bounce between those presentations and the booths. There are at least 2 rooms going all day with 3 meetings per hour. You can usually talk with the company reps after the meetings as well. But the best part is all the free golden chocolate candy, the free pens and the eye candy!!
Feel free to PM your phone number. I can text you when Im there Sun Night Mon and Tues. We can meet and exchange ideas.
Checkmate28
bbotcs WHY?? For me it boils down to how well you do the DD
CPTMatt Re GWA Dont worry, were in a good spot. Nice being in when nobody else knows anything LOL. I think the market still views them as an explorer, not even a developer. Last year they introduced me as the largest US shareholder and Ive added. Ill get some seat time. Hoping director Frazier Elliot will be in the booth representing his 14M shares. Money wont be dead for long. One thing I believe is they will be profitable right out of the gate. Nice updated Presentation out.
http://www.gowestgold.com/wp/wp-content/uploads/2016/04/Corporate-Presentation.pdf
Jesse Livermore said regarding excessive trading:
1. “Money is made by sitting, not trading.”
2. “It takes time to make money.”
3. “It was never my thinking that made the big money for me, it always was sitting.”
4. “Nobody can catch all the fluctuations.”
5. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”
6. “Buy right, sit tight.”
7. “Men who can both be right and sit tight are uncommon.”
Must read in case anyones interested. Might be the best book Ive read.
https://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Lefevre/dp/1500541052
CPTMatt
GWA Trading at .16 is no brainer & cheap as its going to get!! Harte gold .07 just 12 mths ago when they started their bulk sample. Now trading .49 or a 10 bagger while their processing their bulk sample just 30 km down the road. GWA is near a splitting image in resource size, both toll milling but GWA is 12 mths behind in timeline. Been a long wait but Wont be long and GWA will be sending ore for processing. Pre Feas shows sub $900 AISC with very low IRR. High grade, lots of land and great mgt is key here. Ill have some long conversations with them next week as well.