Randal, You asked How do I interpret the chart? Its really quite simple. Companies that have the full PE Licence can Explore, Mine and sell product. Specifically full commercial mining allowed. In DNI's case, they are still required to get the EIE & CSR studies approved before they can commercially mine.

From the Press release below, The obtaining of a full PE marks a significant milestone for DNI in Madagascar; as it allows DNI to move to full commercial production at its option, subject to completion / fulfillment of the requisite environmental impact and social responsibility ("EIE" & "CSR") studies and obligations.


Randal, Read the text below for your public statement. Why would DNI state this if it were not true?
If it were not true, they would have been called on that long ago and you would be spending your time to make the athorities aware as opposed to trying to persuade a few retail traders on bullitin boards.

TORONTO, July 22, 2015 /CNW/ - DNI Metals Inc. "DNI" is pleased to announce that it has been granted full commercial Mining Licence ("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").

As to the property issues. I spent time with a lot of locals. I saw them as happy. I also saw what DNI did for them on the property and how they treated the locals and the land. I personally saw DNI speaking with locals about upgrading the school and adding a local hospital. I couple US doctors were offering to help, and quite frankly, there good people, Ill help as well. I saw how DNI officials acted.

Then theres the dark side. The company, your company, with so much to gain and so much to lose, sent just one driller and a Air Core drill. The RC drill is proven by the best in the business, to not do well for flake distribution relative to granite drilling. The studies are all over the web.

Then after obviously being far being, you never sent any back up workers, equipment or mgt.

Ive seen the DNI property and mgt first hand. I've also seen your work first hand on the property and on these discussion boards. Your obviously upset and trying to hurt the company.

So when I see a few land owners or an outfit that writes an article on a company or property he hasn't been to, I think that CGM mgt is probably behind that as well.

So who do I think is shooting straight here? DNI and Dan Weir for sure. Take it to arbitration and that might be the death of your company all IMHO
Your Pal Checkmate28

BryanC Its also true that the licence is in transformation. Specifically not sure, in that jurisdiction, how long this normally takes.

Also know that the BCMM is the Madi records keeping office whereas the Ministry of mines issues and manages the permits. Near sure The document Randal got, came from the BCMM. Its quite probable as Florida mentioned, that the issue is the slowness of the BCMM keeping its clerical house in order.


So why is Saprolities here? Tis the question

If he or Randal were really sure that DNI was lying about the permits why wouldn't they just go legally to prove this, as opposed to bulling the bullitin boards. Sure they could get DNI in much more trouble

Why doen DNI not clear this up? I dont know. Maybe its there position, that they have told the market several times in print, therefore, no need to further prove anything just because a bully wants him to. Maybe They just want to drive Randal crazy.

You can call the company. They will tell you DNI was granted the PE for both properties.

In the end, we all have to make up our minds as to what kind of risk we are willing to accept.

As for my position DNI/Dan has for the most part, stayed coarse the last 3 years and also keeping the shares in check as well. The guy wears 10 hats around there. You have to ask, why would he work so hard to build the company and share holder value if he was dis honest?
I take it at face value when they say they will be producing this year.

As to anyone else, I could care less weather they sell or buy, as the share price is so low, it has no where to go but up. I do hate to see good people deceived by crooks and therefore will step up and make things real when I see trash.

IMO

Saprolities clever wording again trying to confuse readers with words and fearmongering.

You said The big issue facing DNI now, apart from the arbitration which will probably put a halt to any further development of the project until it is settled, is that BCMM is not issuing mining licenses.

Correct, the BCMM is not issuing licences but they ARE maintaining the current licences. Since DNI has a current PE licence the BCMM should be proceeding with all actions with DNI licences. Near sure that means they are working on the EIE for Vohitsara. Only a matter of time but not the kind of time our talking.

Saprolities Your errant again. DNI Has the PE for Vohitsara See press release below. Also You cant file for the environmental permits without the PE so that blows your argument

You have a very deceptive crooked tongue. At 12:55 Dan is talking about the final approvals for the Environmental study giving permission to mine for commercial production.

TORONTO, ON / ACCESSWIRE / March 16, 2017 / DNI Metals Inc. (CSE:DNI) (FSE: DG7N) (OTC PINK: DMNKF) ("DNI" or the "Company").

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."

No sir. I did not retract my comments. Dont know where they went but I had just noticed. My thought? you and your gang probably made a tos report against my posts since they showed your errors


Traderfan, I was surprised in noticing your comment was retracted. It didn't seem like something you would do. Did you retract your post that I replied to? Or do you or anyone for that matter know how we could be losing posts?





Sap mentioned "I have also spoken with Jamie from Mining Watch and he did mention his conversation with you and provided with the name the person he spoke with. That will be our secret though ...quite damaging for DNI if that was to get out

Your secrete LOL. If you knew my name, how could that be damaging to DNI? Jamie, let me know he wasn't sure of some things and he might be errant. Print it up! Your on a fishing expedition is all in desperation. I would ask, Just why are you here? Are you trying to save us from losing our money? Are you a share holder? are you looking to scare people and damage DNI?

Gemstar66 Saprolitities Quote "I don't think we will see that until August or Sept. It was submitted in Dec and can take up to 9 months. Dan is saying that's about the time the arbitration should be over too so the two things might go together nicely. It's a 6 month waiting game till then"

Saprolitities What makes you use 9 months? What happens at 9 months? You sound like you know your stuff. could it take 9 days or 9 weeks?


You said Dan is saying arbitration will be over Aug or Sept? Did he say this to you? Interestingly he said to anyone else, it could be over between, very soon and later summer and that there is a definite ending date. Also it cant drag for 2 years or something else.

Baystock, minera alamos at PDAC, Yes I did. One of the highlights at the show for me. I had a good conversation with the Minera chief contact as Derrin Koningen was not in. Incidentally since I just posted Gowest Gold, Darrin was Gowests Technical manager for some years while they developed their asset so Ive spoken with him many times. Ill catch up with him later as I DD this thing.

Bottom line, this is rough from memory, they trade at less than $30M EV, have 3 high grade heap leach propertys, some 3gpt+. Chester Miller Corex property ready to be fully developed and producing quickly and the Minera team to provide the mgt it was missing. Not to take anything from Chester, he did his job.

Bottom line here, is hot high grade, low CAPEX heap leach propertys with solid mgt, solid tech team thats done this before, will concentrate on producing a bottom line for investors. Ill be in this one soon.

Get your DNI Metals!!

All I got here now!
Checkmate28

twtybrd Reply to GWA plus Harte Gold Comparison

I know this story very well,

The story has taken much to long, mostly due to Ontario permitting officials and the dry years after the drop in gold. It it has always been my position here, that GWA has only scratched the surface with their current resource and they're on the way to becoming a household Timmins Midtier low cost producer, 150k OPY.

I spent a couple hours with the team at PDAC. They should have the mill deal finalized shortly. Because there is a 3rd party, officials need to sign off and Ontario has been sitting on their arse. Local elections are in June. The town of Timmins wants Gowest up and running and workers employed. If they are still waiting, GWA will seek the press like they did before, and put negative pressure on local mine officials in charge. They do not want this neg press. The work to continue mining at the 600tpa commercial rate is done. Apps were submitted last summer and approval should be close as well. 600tpd coming from the ore sorter to the mill should get GWA 80K yearly production once they open up some more faces.

Had a sit down with Rochelle Gowests lead geologist after she did a presentation on the bulk sample. Now that they're underground, they're excited that things actually look better than before plus the veins due to color characteristics, will be easy to follow. The ore sorter is covered and chutes are being installed now. Lot of development ore outside will be profitable due to the sorter rejecting half to 2/3 rds of the waste rock while only losing a few % gold. I think they said it will be commissioned next week. Currently 2 10.5hour shifts per day developing.


All in all, investors are worn out from waiting and GWA is not going to pump. Since GWA is not pushing small news, investors are worried about shortfalls when in essence, I think they will surprise to the upside other that timing.



twtybrd quote So by next month we should have "First gold revenue expected by Q2 2018"

Yes all indications are that we should have ore moving off the faces and a measurable product by end of this month.

Also know GWA anywhere near .12 is a freaking steal and when the market sees whats coming out of there, 10+ GPT IMO, shares will trade at least double.

Also note, Harte Gold has a MC at $263Million whereas GWA is at $36M.
Harte just had a 25% move in march off a tripling of the resource to just under 1.5M oz indicated and inferred whereas GWAs resource was already at 1.2M ounces 4 years ago and includes Reserves for the Feasibility that Harte also skipped. Both resources are at 3gpt cutoff. Harte has a better inferred grade.

Hartes March move of plus $70M in MC is 2X GWA's entire MC. Hartes entire MC is 750% more than GWA

GWA should have the commercial permit before Harte Gold (GWA neighbor) who did the bare minimum to get the bulk sample through last year, but now has to go back and super size everything for the commercial mining permit. GWA did the hard work up front, preparing for commercial mining while preparing for the bulk sample.

At the Harte PDAC booth, every year they are eager to emphasis every thing they do as being great, where they are going, and what they are doing. GWA a couple booths down, just calmly answers questions explaining what they are doing. I suspect Greg knows, they will be one of the big boys soon and the share price will take care of itself. Do I agree NO, but at this point GWA is severely under promoted and about to take some large steps. In about 30-60 days they should be noticed and the SP has to respond.

Checkmate28

CPTMatt GWA Is taking longer for sure. Seems its taking forever.
I was upset with the last financing esp the timing and price.

Turns out they were required by the financier Pandium to raise that money before they could get the next tranche. That upset mgt as well and put them behind. Then the mill closed for the winter.

Now the good. These latest 2 rounds of drilling are nearly the best they've had and right under their nose. One area, right under the portal was missed by previous drilling and an area 150 meters north had 20gram hit.

When you get under ground, you get the truth. We were worried that things wouldnt be as good but there actually much better than the PreFeas indicated.

Excess timing is killing the share price and investors are looking for any good news to get out. Thats why news is not moving this thing. Secondly they are doing every thing right upfront. Sizing the infrastructure underground venting/elec and above with the tailing pond for full production of 1500tpd as opposed to just enough for the bulk sample like Harte Gold did. Gowest is actually ahead of them in some areas.

Looking like a 2 ramp operation and 80-100K ounces per year is a shoe in. 2nd ramp will only cost $3-5Mil

Now they applied for the full commercial permit in the fall and have most of the prep/infrastructure done for the 1500tpd operation. They are at the point where they need the sign off from 5 first nations, none of which were living in the area but all have their hand out.

Its probably not in their best interest to press to many positives until they get things signed off on by First Nations.

Going to get real interesting soon when we see what grade ore comes out of the sorter and to the mill. So while the share price has been lethargic, they have been flat out crating value as they set up development for 80 - 100 OPY. The market is waiting for the revenue. Checks from the bulk sample should be coming this spring when they open the mill. Timing is good for a buy and IMP one of the best short term buys out there. Gowest is going to be a growing Timmins Mid tier in a few years.

rrten, GORO

Heres your blog. Same blog that always looks for anything to punch GORO.

Unfortunately Its true about the deaths. Not sure on the validity/specifics of the permit issue. Otto normally has part of the story wrong.

http://incakolanews.blogspot.ca/

Yes Thanks GORO! The divy raise will go a ways to help the share price, but they will first need to have funds secured for Gold Mesa NE

rrten Re GORO Since I couldn't get the presentation to play, did they give further information as to where the 3rd property would be?

Dr Vonschellan, Interesting post. You seem confident. Caused me to do some DD. Since POsco is bidding for Lithium offtake and have cemented a Cobalt source, we could assume they are setting up graphite sources as well to feed their new battery development plans .

What makes you say this statement " Place your bets. I'll bet it_is_Posco_that_buys_the_off_take_agreement_in_April "?


Things are looking up for Madagascar. Nextsource has a Madagascar neighbor looking to set up graphite production in India as well. DNI Metals just announced Jan 25th that it has delivered a 28 tonne graphite bulk sample to India. This, just after DNI signed a Binding Agreement with Korea Graphite Jan 15th to Supply Flake Graphite for Korean End Users. From the press release, DNI has now turned its focus to partnering with an experienced group to supply graphite to India.

So yes maybe when DNI metals gets their graphite in India and showes the quality of Madagascar graphite, they will have a look at the Superflake.
Hopefully like you say, Nextsource can get the proper permits.

https://www.asiapacific.ca/news/ontarios-dni-metals-delivers-28-tonne-sample-india

Checkmate28

GORO More support of my thesis that 2018 is the year for GORO . In this polymetalic mine 62% of the ore value comes from Zinc.

https://seekingalpha.com/article/4143121-gold-resource-corp-focus-switchback?app=1&auth_param=sqob:1d7gujo:43f246b135446dc28a8651044fa84a28&uprof=44

See link for lots of missing charts
Summary
Exiting 2016, GORO's most promising deposit, the Switchback, had a strike length of 300m and P&P reserves of 203,500 tonnes.

Drilling through 2017 and into January of 2018 has tripled the strike length and greatly increased confidence in the continuity and commercial value of the deposit.

The idea that the Switchback may be a larger deposit than GORO's cash cow Arista deposit is now very plausible.

The market hasn't yet recalibrated its assessment of GORO due to these stellar Switchback results, but I believe that will change in 2018 as Switchback enters commercial production.

Gold Resource Corporation (GORO) is the operator of two mines in Mexico, the large Arista mine, and a smaller satellite mine known as Mirador (on the Alta Gracia property). It is also developing four “high grade gold properties” in its Nevada Mining Unit. In its recent presentation at Noblecon14, the company highlighted its expectations that gold prices would increase and therefore emphasized the potential of its prospective gold properties in Nevada. However, I think this is a strategic mistake as it downplays the company’s most important and most imminent-to-production property: the Switchback which is a deposit adjacent to, but distinct from, the Arista mine.

As with Arista, the Switchback is a poly-metallic deposit with meaningful amounts of gold, silver, copper, lead and zinc. As of the end of 2016 (which is the date of the latest reserve report), the property had proven and probable reserves of 203,500 tonnes grading 2.1 g/t Au, 93 g/t Ag, 0.5% Cu, 1.7% Pb and 4.4% Zn. At metal prices from the end of January 2018, the per tonne value was $378.44 and the breakdown by metallic components was $91 of Au, $52 of Ag, $36 of Cu, $44 of Pb and $155 of Zn. Thus the zinc component value is larger than the precious metals value (i.e greater than the combined gold and silver content) and the overall base metals value constitutes 62% of the total ore value.

To understand why, perhaps, the company doesn’t emphasize the base metals value of its property, we not only have to understand the “gold bug” mentality (see Noblecon presentation for example) but we also have to appreciate how base metal prices have changed over the past five years relative to precious metals. The five charts below help accomplish this (sourced from macrotrends.net except lead which is from infomine.com) :

Gold 5 Year


Silver 5 Year


Copper 5 Year


Lead 5 Year


Zinc 5 Year


The takeaway is that while gold and silver have been in bear markets, the industrial metals have either remained flat, or in the case of zinc, almost doubled in price. Since the zinc content of the Switchback is so high (4.4%), what used to be just a smelter credit, has become the primary value driver of the future mine.

So with the idea that Switchback is a poly-metallic deposit with more base metal than precious metal content, let’s look at the developments since the 2016 reserve report was issued.

Switchback Developments
In July 2017 I examined and summarized a number of 2017 drill results that greatly expanded and in-filled the 2016 Switchback proven and probable (P&P) reserves of 203,500 tonnes. In particular, the Soledad vein was shown to have valuable intercepts (as measured by my value proxy of interval length times the ore value per tonne). At the time I opined that the 959,000 tonnes of mineralized and indicated (M&I) resource in the 2016 reserve report would be converted to P&P reserves. I also highlighted a 275m step out from the previous deposit limits.

On Jan 23, 2018, GORO released another series of highly encouraging Switchback drill results. In the table below I’ve used my standard format to highlight any intercepts with more than double the P&P average grades or total ore value as well as highlighting any intercepts whose product of grade and length is noteworthy.



These results are extremely positive, not only because of the number of new veins that have been found, but most importantly because three veins (Sabrina, Selene & Soledad) show value X intercept products that are very high (over $5,000). This begins to speak to the potential profitability of future mining operations in a number of primary veins of the system.

The drill results are also critical because they further extend the strike length of the deposit by 300m (200m to the NW, 100m to the SE).



Adding these extensions to those discussed in my mid 2017 article gives a total 625m extension of the deposit since the reserve report dated Dec 31, 2016! In other words the strike length has tripled from approximately 300m to about 900m all in one year of drilling.

It’s no wonder that in this latest drill result press release, GORO's CEO opined (my emphasis):

It will take time to delineate this new expansion and the Switchback vein system in general, but it looks highly probable the Switchback vein system could become larger than the Arista vein system.

But what exactly does this imply?

Well here are the Arista mine production figures through 2016 taken from the reserve report:



If we disregard the 2010 figures which were from the open pit, and then add in another 450,000 tonnes from 2016 production (my extrapolation from 3Q results) we get about 2.5M tonnes of deposit (which doesn’t include any of the as yet unmined Arista P&P and M&I ore). This is more than ten times larger than the 2016 P&P Switchback reserves of 203,500 tonnes!

I will perform more detailed calculations once the 2017 reserve report comes out (typically end of Feb through March), but in the meantime, I believe that the 2017 & 2018 drill results at Switchback warrant a substantial upward price target for GORO which I now set at $15-$20 over the next 4 years.

2018 will mark the beginning of commercial exploitation of Switchback, and as the production numbers begin to come in, and as infill drilling becomes easier due to development of the deposit, I think the market will completely recalibrate its assessment of GORO — finally awarding Switchback its status as a second deposit equal to the Arista deposit that has made GORO a profitable miner for half a decade now. I continue to be long and will opportunistically add to my position.

Disclosure: I am/we are long GORO.

Baystock Thanks for that. I know nothing of Minera Alamos but I do know Darren well as former VP Project Development Gowest Gold, spoke with him many times and Chester Miller legendary status. I owned some Corex for awhile. Didn't like their no news, wait and see style. LOL king of like GWA now.


We are reuniting the Castle Gold development team led by Chester Millar and Darren Koningen which successfully drove the development of the El Castillo gold mine subsequently acquired by Argonaut Gold for C$130 million

El Castillo was a crankin good project where shareholders made alot of money.

Going to spend some time on this one. Corex has a nice developed heap leach project in the makings and that straight shooting mgt team can flat out get it done! Probably going to have to wait for PDAC for the deep DD

Bobwins Re EXN.T

My comment was based on the following,

Q3 was about 50% higher than Q2 and Q4 was similar to Q3
It was these 2 quarters where the water was drying out at the lower higher grade levels that are the transitional quarters.

Steady production from the 623 level is key for me. This is 85,000 tonnes avg 1750gpt AgEq (a couple years worth) plus current infil drilling is cranking up these numbers. Many results here are in the 3500gpt range. This area is lower and was previously underwater.

Looks like the pumps struggled and plugged as they got to the bottom of the water causing some delay to the Pierna & 623 level.

Its my belief, they are cleaning up the last mess down there and setting up to access these areas steadily. This also means they will transform from mining 2 upper areas to 4 since ramps just got down to both the Pierna & 623 level.

Quote

Tonnage improved considerably during the remainder of the quarter with multiple operating faces in all four mantos. More efficient installation of ground support is a key ongoing project at Platosa, as the mining operation works to increase productivity to reach a steady rate of production at 300 tonnes per day ("tpd").

Their guiding for 14+ Million lbs zinc for the next few years.

So improved tonnage, grades, pricing and water draw down should get them a nice q118 Also assuming Eric Sprott knows this will change things there.

Have not talked with them recently as my shares are waiting to see this transformation play out as well as the drilling for the CRD Carbon Replacement Deposit. Id get the same shuck and jive if I call them. PDAC is coming.


Pumping rates were lower than planned during Q4 2017, which impacted overall drawdown, as repairs were required on the electrical starters on certain pumps, but are expected to return to over 30,000 gpm in the coming weeks. Drawdown was also impacted by refiltration of water from surface into the aquifer from two areas identified during Q4, which have now been closed off. By the end of Q4, drawdown rates were returning to expectation and the Company anticipates continued improvement in Q1 2018. Due to the foregoing, development rates were lower than the previous quarter with 151 metres in ore (44% decrease over Q3 2017 – 269 metres) and 227 metres in waste (22% decrease over Q3 2017 – 292 metres). Development rates are expected to continue to increase as headings drive into the next levels of all four mantos.

EXN.T Excellon Resources On Jan 22 Checkmate said


"EXN.T Excellon Resources Buy the dip. They are going to crush it next quarter."

Looks like Eric Sprott heard me

Jan 24/18 Sprott, Eric S. Acquisition in the public market 88,600 $1.75

Jan 23/18 Sprott, Eric S. Acquisition in the public market 173,300 $1.69

Jan 23/18 Cahill, Brendan Thomas Warrants Acquisition in the public market 25,000 $0.250

Jan 22/18 Sprott, Eric S. Acquisition in the public market 144,600 $1.65

https://www.canadianinsider.com/company?ticker=EXN

Spartex RE DNI & NEXT Must say Im impressed with the 200% up progress in a week or so for NEXT. Ill stand by my comments NEXT releases have been nothing but fluff and dilution for years with the stock price going down.

With all that volume, possibly they have figured out how to get a permit and insiders know something. Possibly there is interest in the Green Giant Vanadium project since Johnathan Lee put out the article on VA price bump. Possibly it was the US listing? If so good for them, and good for DNI since NEXT already has a MC 700% higher than DNI. DNI is going to jump them to production on the Graphite and NEXT still has to figure out how to get product 200 km to the port. Mud roads filled with 10'pot holes and impassable during rainy season do not count. Not to mention NEXT's port needs a major upgrade to handle containers whereas DNI is 45 km on a paved road to an upgraded port that handles 90% of the Madagascar shipping now. State of the art. Ive been there.

As for NEXT Resource, Ill believe it when I see it. Im expecting a Reverse Split. Lets see what happens. Talk all you want but last post for the day for me. BUSY

Americas Silver Corporation Provides Annual 2017 Production And Costs, 2018 Guidance, And An Exploration Update On Its Cosalá Operation’s Zone 120 Property

Ill post this since I know its early for DrAir on the west coast Looks like the Impressive transformation is finally coming. Ive been waiting for this timing. USA and GORO going to do good with the ZInc


http://www.stockhouse.com/news/press-releases/2018/01/29/americas-silver-corporation-provides-annual-2017-production-and-costs-2018

January 29, 2018
TORONTO, ONTARIO—January 29, 2018—Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) is pleased to announce production and operating cost results for fiscal 2017, 2018 production and cost guidance, and results from recent follow-up exploration drilling completed on its 100%-owned Zone 120 deposit. The Zone 120 deposit is part of the Cosalá Operations property in Sinaloa, Mexico and located adjacent to the San Rafael Mine. The Company declared commercial production at the San Rafael Mine as of December 19, 2017.

Consolidated 2017 Results and 2018 Guidance

Guidance for 2018 is 1.6 - 2.0 million silver ounces and 7.2 - 8.0 million silver equivalent ounces at cash costs of negative $10.00 to negative $5.00 per silver ounce and all-in sustaining costs of negative $1.00 to $4.00 per silver ounce. The Company assumed $17.00 per ounce silver, $1.35 per pound zinc, $1.05 per pound lead, and an exchange rate of 18.5 Mexican pesos to US dollar for these guidance estimates.
The Company drilled seven holes at the Zone 120 deposit in the fourth quarter of 2017 following the success of the spring 2017 drill program. Drill highlights include:
Hole SR-415, containing 23.4 meters grading 259 g/t silver, 0.40 g/t gold and 0.5% copper (345 g/t silver equivalent) and 7.2 meters grading 335 g/t silver, 0.23 g/t gold and 0.55% copper (413 g/t silver equivalent);
Hole SR-402, containing 16.9 meters grading 138 g/t silver, 0.23 g/t gold and 0.43% copper (204 g/t silver equivalent); and
Hole SR-409, containing 2.0 meters grading 920 g/t silver, 0.40 g/t gold and 2.36% copper (1,218 g/t silver equivalent)
The Board has approved a $4.0 million exploration program for the Cosalá Operations property, with the majority to be spent on expansion and in-filling drilling of the Zone 120 deposit.
Consolidated silver and silver equivalent production for 2017 of approximately 2.1 million silver ounces and 4.7 million silver equivalent ounces, respectively, resulting in a 14% decrease in silver production and 4% increase in silver equivalent production compared to 2016.
Consolidated cash costs and all-in sustaining costs2 for 2017 of $9.37 per silver ounce and $13.12 per silver ounce, respectively, resulting in a 6% decrease in cash costs and 3% increase in all-in sustaining costs compared to 2016.
The Company had a cash balance of $9.3 million as at December 31, 2017.
“This year will be transformative for Americas Silver with the San Rafael Mine and mill ramping up to full capacity by the middle of the year,” said Americas Silver President and CEO Darren Blasutti. “We are expecting record free cash flow, earnings, and silver equivalent production for the Company as we become one of the lowest all-in sustaining cost producers in the silver industry.”

Mr. Blasutti continued, “Building on the exciting 2017 drilling success at Zone 120, we are well into a 12,000-meter drill program in the first half of 2018. San Rafael’s free cash flow will allow us to develop the potential high-grade, silver-copper targets at Zone 120-El Cajón without equity dilution to our shareholders.”

Consolidated 2017 Results and 2018 Guidance

Consolidated silver production for 2017 was approximately 2,060,000 ounces, which represents a decrease of 14% compared to 2016. Silver equivalent production was approximately 4,746,000 ounces, an increase of 4% compared to 2016. Consolidated cash costs improved by 6% to $9.37 per silver ounce compared to 2016. In addition, zinc and copper production increased 11% and 10% year-over-year, respectively, as a result of strong production from the Cosalá Operations.



1 Cost of sales per silver equivalent ounce, cash costs per silver ounce, and all-in sustaining costs per silver ounce for 2017 excludes pre-production of 50,490 silver ounces and 435,323 silver equivalent ounces mined from San Rafael during its commissioning period, and excludes pre-production of 245,391 silver ounces and 360,530 silver equivalent ounces mined from El Cajón during its commissioning period. Pre-production revenue and cost of sales from San Rafael and El Cajón are capitalized as an offset to development costs.

The Company produced 2.1 million silver ounces and 4.7 million silver equivalent ounces which are within the 2.0 - 2.5 million silver ounces and slightly below the 5.0 - 5.5 million silver equivalent ounces 2017 guidance estimates. The shortfall to silver equivalent guidance was due to lower than expected tonnage and grade from the Galena Complex as both silver and lead production were below expectations. In addition, guidance to the market was estimated on the San Rafael Mine declaring commercial production early in the fourth quarter of 2017 instead of later in the quarter. As a result, silver equivalent production was lower than expected due to delay in by-product metal production expected from the high concentration of zinc and lead in the Lower Zone of the San Rafael Mine.



* The Company assumed $17.00 per ounce silver, $1.35 per pound zinc, $1.05 per pound lead, and an exchange rate of 18.5 Mexican pesos to US dollar for these guidance estimates

The Company declared commercial production at its San Rafael Mine in December 2017. The mine was constructed for approximately $17 million, 25% lower than the initial pre-feasibility estimate. Mine production, mill throughput and metal recoveries are expected to ramp-up to internal targets through the first half of 2018. Capital development is expected to be highest in the first quarter of 2018 as development into the deepest levels of the Main Zone progress and the remainder of the mine’s capital development and equipment purchases are finalized. The Company is expected to invest a consolidated $18-19 million in its operating mines in 2018.

Silver production is expected to be lower in the first 18 months of the mine’s production due to mine sequencing within San Rafael. The initial development in the San Rafael ore body was into the area closest to the portal where the silver grade is approximately half of the reserve silver grade. The Main and the Upper Zones of the ore body are estimated to have higher silver grades. Silver equivalent production is expected to increase significantly, and cash costs and all-in sustaining costs are expected to decrease due to the significant increase in lead and zinc projected to be produced from the San Rafael mine. At current spot prices, the mine is expected to generate significant free cash flow in 2018 and with further growth in 2019 as capital requirements decrease and the silver grade improves.

Zone 120 Exploration Results

The Company is pleased to release results from its ongoing drill program on the Zone 120 deposit. Exploration drilling resumed at the Cosalá Operations property in 2017 for the first time since 2014. Starting in April, an initial 4,000-meter diamond drill program at Zone 120 will commence focused on upgrading the existing resource as well as expanding the footprint of mineralization to the southeast. Following up on the success of step-out Hole SR-396, the Company drilled 3,260 meters in seven holes to further test continuity, concentration, and extent of the silver-copper mineralization.



* True width varies from 85-92% of interval.
** The AqEq was calculated using $18/oz Ag, $1300/oz Au and $3.00/lb Cu.

The Company also drilled three holes between El Cajón and Zone 120 to test for mineralization in the corridor separating two known resources with similar host rocks, mineralogical characteristics and structural controls, All three holes encountered short intervals of significant silver and copper values and have provided important structural and lithological information which will be valuable in targeting extensions and the potential connection in the one kilometer distance between El Cajón and Zone 120.

Detailed exploration results from the 2017 drill program and 2018 targets can be found on the Company’s website and investor presentation at www.americassilvercorp.com.

The Company is moving forward with a $4 million, 20,000-meter exploration program focused on the Zone 120 deposit and its regional land position. Approximately 14,000 meters of the drilling will be focused on Zone 120 and the corridor between Zone 120 and El Cajón. The drilling is expected to be completed by mid-second quarter 2018 with results to be released late in Q2, 2018 for inclusion in the Company’s mid-year resource update. Funding for the program is expected to be provided from internally-generated, operating cash flow from the Company’s San Rafael Mine.

Drill core samples are prepared at the Company’s secure facility in Cosalá, Sinaloa. Assaying was done by ALS Chemex Labs in Hermosillo, Mexico. The Company has a QA/QC program supervised by a Qualified Person.

About Americas Silver Corporation

Americas Silver is a silver mining company focused on growth in precious metals from its existing asset base and execution of targeted accretive acquisitions. It owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Mine Complex in Idaho, USA. The Company has acquired an option on the San Felipe development project in Sonora, Mexico.

Daren Dell, Chief Operating Officer and a Qualified Person under Canadian Securities Administrators guidelines, has approved the applicable contents of this news release. For further information please see SEDAR or americassilvercorp.com.

Cautionary Statement on Forward-Looking Information:

This news release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, the Company’s expectations intentions, plans, assumptions and beliefs with respect to, among other things, the realization of operational, exploration and development plans, the Cosalá Operations and Galena Complex as well as the Company’s financing efforts. Often, but not always, forward-looking information can be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “intend”, “estimate”, “may”, “assume” and “will” or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of the Company as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward looking information. This includes the ability to develop and operate the Cosalá and Galena properties, risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), ground conditions and factors other factors limiting mine access, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital expenditures, reclamation activities, social and political developments and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific that contribute to the possibility that the predictions, forecasts, and projections of various future events will not occur. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

For more information:
Darren Blasutti
President and CEO
416-848-9503

1 Silver equivalent production for fiscal 2017 throughout this press release was calculated based on silver, zinc, lead and copper realized prices during each respective period, unless otherwise indicated.

2 Cash cost per ounce and all-in sustaining cost per ounce are non-IFRS performance measures with no standardized definition. For further information and detailed reconciliations, please refer to the Company’s 2016 year-end and quarterly MD&A. The performance measures for the quarter and year ended December 31, 2017 are preliminary throughout this press release subject to refinement from the Company’s year-end financial results to be released on or before March 2, 2018.

3 December 31, 2016 estimate reported at Measured and Indicated resources of 1.8 million tonnes grading 128g/t Ag and 0.35% Cu (7.3Moz Ag and 13.7Mlbs Cu contained).

View in PDF Format

CPTMatt GWA Sorry Just caught your post. its dead silence as far as getting a hold of CEO Greg Romain. Somethings going on IMO. Some rumors coming in from Timmins of Goldcorp buyout and trading is odd.

Im satisfied, everything having to do with the resource, drilling, and production is going extremely well other than things are taking a little extra time, but the deadness is telling us something.

Gowest is at the point, where a suitor could see the bulk sample underground, the ore sorting operation, the rest of the 1.2Moz high grade Bradford resource, 17 other targets, some partially delineated, plus geophysics, Gowests Auto clave, The 2500tpd Red Mill thats ready to go and say WE GOT TO HAVE THIS! BEFORE ANYONE ELSE GETS IT.

At .15 GWA is a steal unless things flopped. Thats not going to happen.

Someone buys GWA and injects some horsepower cash and they can hit the ground running. GWA has all the hard work done. Its nearly turnkey if they get things worked out between all partys. Remember this is a rumor and I have no idea why the silence.

Lots of partys involved, GWA, Future Fortune, Buyer, GWA Finance Co, Red Mill Owner, Municipality

If GWA sells, Im predicting a large premium on the shares.

If GWA doesnt sell, Im predicting a large premium on the shares when the numbers come in from the bulk sample.

I think GWA is worth $1/shr Anything over .75 and were shortchanged but Im happy.

JMHO Checkmate28

CPTMatt RE DNI I understand that thinking. I've explained my position as to that issue here. We all have our risk reward ratio that we are comfortable with. More DD helps to put things into perspective and allows me to sleep with zero worries. For me, the risk stands like a 15% chance that DNI would pay out 500k or less. I can live with that since I know the current value of DNI is many times over current price and we got 100% instead of 5o% of the 1st projest. FV is many times over that. Its def not as derisked as GORO but the reward is coming faster and harder.

The contract was solid. Cougar had about 90 days to drill 3000 meters in the saprolite, plus get the resource completed. They took 271 days to drill 1700m, no res, with 2 extensions and finally got booted. Its a world class resource and 50% was being handed to them for the timely drilling. First the contract says it cant be arbitrated if they default. Cougar defaulted on time and money. If they could get somebody to listen, what would you say as judge, when you here CGM sent one subpar drill, one driller and no mgt?

If you were Cougar CEO and things were going bad on your project, wouldnt you hop on a plane to see for yourself or at least send more equipment or employees? Make public noise in the filing minutes? How do you get past those 2 points?

Also Cougar has a history of lawsuits and problems, you think someone with that history might fabricate some? Its possible

DNI choosing them bad idea? Maybe, but not a lot of options for start up companies. You take the best deal and run with it. DNI was brilliant to tie them up so tight in the contract. Moriarty said it was the best contract hed ever seen. And looking back as an investor, I say they got it done didnt they? Your right, there is that small speed bump to get past and that would be in the cons pile

CM28

In the mean time DNI's Madagascar neighbor NEXT Resources (formerly Energizer Resources putting out fluff Releases about Fancy trademark names for their large flakes, press releases about all the production their going be doing when they get financing. Ha theres the catch, they cant get to production or offtakes, because they cant get the right permits. There is a legal problem Im near sure. You need the permits to get the offtakes or the financing.


http://www.proactiveinvestors.co.uk/companies/news/190230/the-graphite-industrys-best-kept-secret-190230.html



Trust Checkmate here NEXT isnt going anywhere and fast. They have a good resource, great marketing, lots of BS, a name thats been around, plus some institutions that are caught up. Theres a RS coming Watch! DNI on the other hands has the goods and is going to deliver. Both companys are in Madagascar hoping to deliver graphite to the market. Theres a 5 fold difference in market cap between NEXT and DNI. Now if one pays attention and does the proper DD , you'll see a sweet arbitrage situation to take advantage of.

DNI Metals Another Awesome PR 28tonnes to India Market Yawns

Now Two of the largest Battery producing countrys getting samples from DNI plus offtake with S Korea.

Whats the market thinking? Oh must not be anything good over there, otherwise, the PP/share would be moving faster sooner. Do your DD and remember, once you follow the crowd, its too late.


- Delivers Bulk Sample to India
Toronto, Ontario--(Newsfile Corp. - January 25, 2018) - DNI Metals Inc. (CSE: DNI) ("DNI" or the "Company") DNI is pleased to announce that it has now delivered a 28 tonne bulk sample to India. This sample comprises 14 tonnes from each of the Main Zone ('MZ') and Southwest Zone ('SWZ'), of DNI's 100% owned Vohitsara graphite project in Madagascar. The Indian group, a potential off-take customer, will process the material at its plant, and report the results back to DNI. This group have previously tested a small sample from Vohitsara and were so encouraged that they have now requested a larger sample. DNI collected a total of 60 tonnes of mineralised material, 30 tonnes from the Southwest Zone, and 30 tonnes from the Main Zone, in November 2017. Location of these samples is plotted on Figure 1 following. DNI understands the importance of having the ability to deliver larger, multi-tonne bulk samples in the range of 10 to 20 tonnes to potential customers. This is part of the reason DNI is planning to construct a pilot plant / small scale production plant on its property in Madagascar in the near term. DNI has focused on building customers in Korea, India and the USA. Having recently signed a binding agreement to supply graphite to Korean end users (NB: refer DNI's Press release dated January 15, 2018: "DNI Metals Signs Binding Agreement with Korea Graphite to Supply Flake Graphite for Korean End Users subject to Korea Graphite finalising offtake agreements with Korean end users"), DNI has now turned its focus to partnering with an experienced group to supply graphite to India

BBotcs GORO and did you see the drill results yesterday at Switchback. Extremely high grades when considering the gobs of Zinc lead credits

Huesos, Sure we haven't heard the end of that, but the potential damage they can do is between little and nill. Their CEO was on Stockhouse looking for sympathy LOL. I think I chased him off with the few legit questions that he choose not to answer, for fear he would have to admit the embarrassing truth.

Re DNI.. Sweet on the sking. Done Whistler Blackcomb a few times

Anyone
Ascenta Wine Reception with Redzone Resources Ltd. and DNI Metals Inc. in Vancouver getting ready to start in about 30 min

http://www.ascentafinance.com/events.html

Anyone can make it, Just head in and look for Dan Weir
Tell em Checkmate sent you.

Just 230k shares takes DNI thru .19 currently. This is just getting started IMO and longs aren't selling. Lots of news and progress coming. World class asset getting ready to go into production at very low CAPEX and quick relative to any PM or BM projects. Hot upcoming sector.

Get all your questions answered as to Permits, Production plans, Current and future Offtakes, Madagascar, Cougar, Blockchain Blockmine ect

https://blockminedevelopment.com/
Should be there and could be something special happening.

Dr Air.. I think DNI is a little on the small side for Katusa. He needs a large enough market to move a lot of money esp when considering his followers. I think thats where I/we can get an advantage in the smaller companies, not having to compete with the institutional pros.

Dr Airtime or anyone for that matter going to the Vancouver Mining Conference?

DNI METALS INC. (DNI : CSE) (DG7N : Frankfurt) (DMNKF:OTC)

FOR RELEASE – January 22, 2018

18 Meters of 8.63% Graphite from 5.5Meters. Thats a chitload of graphite and wait until the flake size distribution get done. Going to be near or the worlds best. The jumbo flake is what is needed for battery grade and expandable graphite applications. Most of the worlds graphite is not large to jumbo flake. DNI's Madagascar graphite Im near sure is mostly large to jumbo flake. World class asset in the makings. This is only going to lead fast production set up with sector leading low cost OPEX and CAPEX CM28

DNI Metals – Assays for an Additional 5 of 46 Drill Holes Received; Including 18m Grading 8.63% Graphitic Carbon
Toronto, Ontario - (Newsfile Corp. – January 22, 2017) DNI Metals Inc. (DNI: CSE) ("DNI" or the "Company")

Highlights

· VHTAC0047: 7.50m @ 8.00% GC; from 16.00m

· VHTAC0049: 4.50m @ 7.75% GC; from 7.00m

· VHTAC0052: 18.00m @ 8.63% GC; from 5.50m (incl. 9.00m @ 11.19%GC; from 13.00m);

DNI Is pleased to announce the following (refer Figures 1 & 2 following):



1. Receipt of the fifth batch of drilling assay results from its recent drilling and trenching programme at its 100%-owned Vohitsara Graphite Project in Madagascar; incorporating five (5) additional assayed drill holes from both the Main and Southwest Zones. All holes were mineralised;

Drilling continues to confirm that free-dig saprolitic weathered material has been developed to depths in excess of 30 metres below natural surface; averaging

As previously reported, all drill and trench samples from the 2017 drilling programme have now been received at the Laboratory and further results are expected in the near term.


Dan Weir, CEO, commented: “We look forward to additional assays from this recent programme and to moving forward with building the pilot plant / small-scale production at our 100%-owned Vohitsara project, in 2018.”















Table 1: Composite Results:







All holes assayed were mineralised. A lower cut-off grade of 3.00% GC was applied to mineralised intercepts. A full listing of all 89 assay results is appended at the back of this document.



Disclosure: Note that insufficient geological data currently exist to accurately determine true mineralization widths as compared to intersection widths as listed in Table 1 above. Note also that the intersected mineralization is hosted within weathered in-situ saprolitic material and is known to be broadly disseminated within this regolith horizon in the area currently being tested by drilling.



Drill Collars:







Holes VHTAC0042 and 0046 are plotted on Figure 2 (Southwest Zone), with the remaining holes plotted on Figure 1 (Main Zone) appended to the back of this report. Also note that VHTAC0042 was later twinned by core hole VHTDD006; which returned a previously reported equivalent intercept of 6.00m grading 3.72% GC; from 5.50m down hole. All holes were drilled vertically to blade refusal.



All representative samples were prepared and collected by or under supervision of DNI’s Country Manager, Steven Goertz. Mr. Goertz is a Geologist and is a Qualified Person under NI43-101 regulations. Mr. Goertz has approved this Press release.



The samples were processed at AGAT Laboratories, in Ontario, Canada. Graphitic carbon assays were performed using a modified infrared assay method. This method is preferable to other industry-accepted assay methods; inclusive of varying forms of Loss on Ignition (LOI) testing. All analysis were preformed using LECO instruments.





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. Keith Minty, a director, previously worked at Cal Graphite near Kearny, Ontario.



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 two permitted, saprolite-hosted graphite projects in Madagascar, Vohitsara and Marofody, which are located 50kms from the country’s main seaport. These projects are contiguous, with the bulk of their respective mineralisation located between two (2) and four (4) kms from the paved national highway; which bisects the tenement area. DNI intends to develop both the Vohitsara and Marofody projects, should the economic viability and technical feasibility be established. DNI has not yet 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. This business has shown a steady increase in volume over the past year.



Steven Goertz (MAusIMM, MAIG), who is a qualified person, approved the technical disclosure in this news release.

EXN.T Excellon Resources Buy the dip. They are going to crush it next quarter.

GOLD RESOURCE CORPORATION ACHIEVES 2017 ANNUAL GOLD AND SILVER PRODUCTION TARGETS

COLORADO SPRINGS – January 22, 2018 – Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced preliminary 2017 year-end and fourth quarter mill production results. The Company produced approximately 28,117 gold ounces and 1,773,263 silver ounces for the 2017 year, which met its annual gold and silver production target ranges. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $110 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

The Company’s 2017 annual production targets were 27,500 gold ounces and 1,850,000 silver ounces, plus or minus a 5% range. Preliminary production results for 2017 of approximately 28,117 gold ounces and 1,773,263 silver ounces achieved the targeted range with gold reaching the upper end of the target. Fourth quarter gold and silver production totaled approximately 9,209 ounces and 555,550 ounces, respectively. Preliminary annual base metal production included approximately 1,141 tonnes of copper, 5,365 tonnes of lead and 16,301 tonnes of zinc.

“Our Oaxaca Mining Unit’s operations team delivered another year of solid production results for 2017,” Gold Resource Corporation CEO and President, Mr. Jason Reid, stated. “In addition to achieving annual precious metal production targets, the team successfully targeted and mined base metal rich areas of the Arista mine to take advantage of multi-year high base metal prices which generated substantial additional revenue for the year. The team also executed on the development of the Arista Mine’s Switchback vein system, delivering on our goal to achieve over one year of Switchback mine development prior to commissioning bulk tonnage mining techniques. With five levels now developed at Switchback, the Company expects to begin first stoping operations during the first quarter of 2018.”

Mr. Reid continued, “2017 was also a successful year for the Company’s Nevada Mining Unit, where the Company acquired the highly prospective 5,500 acre East Camp Douglas exploration property, and added a significant number of additional claims to the Isabella Pearl Project, which now encompasses over 9,000 acres. Our Nevada team continues to work hard pushing the Isabella Pearl Project’s permitting forward, with a goal of pouring first gold by the end of 2018 subject to receiving the requisite permits in the near future.”

Full financial results for the fourth quarter and fiscal year-end 2017 will be available in the Company’s annual report on Form 10-K to be filed with the Securities and Exchange Commission.

Solid year for GORO. Normally moving slower than I like, but the one thing I have to remember. They have done much additional development to set up for the future, moving several property's forward, plus purchased several new property's, all from cash flow and never diluted the shareholders. Compare their operation now, to when they were at $31 and the former pales. There still at 56 Million OS. What this has done is conserved their resources, all with more pent up catalyst energy to spring forward when the price of PS's moves hard. They will be ready I believe to take advantage. The largest catalyst will be getting the final permits for Isabelle Pearl in Nevada.

Few thoughts on Isabelle Pearl. Permitting review was slowed down, due to the personnel attending to the fires. GORO has an office in NE and has had much contact with permitting officials to the point, they have already ordered and paid for highest lead time equipment. Much of the permitting, drilling and property development was done by the former owner leaving GORO with a low risk high grade project needing final EIS approval.

Company quote "Our Nevada team continues to work hard pushing the Isabella Pearl Project’s permitting forward, with a goal of pouring first gold by the end of 2018 subject to receiving the requisite permits in the near future"

Isabella Pearl will double GOROS gold production and with nearly 2gpt grades open pit heap leach operation, costs will be so low, cash flow will be more than GOROS entire Mexico operation puts out now. Couple this with a higher PM prices, Switchback and Alta Gracia coming on line, and you have an exciting, solid, low risk high yield investment.

Going forward, I expect them to get back to paying sector leading dividends. All this is why I have been saying 2018 is the year for GORO.
While I was early, it was a good low risk story to carry. I did load up under $3 and some as low as $1.15 Probably will carefully add as I've taken profits along the way. Watch for the IP permitting to get this moving.

Checkmate28

Avi Gilburt Sentiment Speaks: The Metals Are Building Another Launching Pad

One of my best barometers since I watched Avi timely call the $1910 gold top and the bottom end of 2015 out front.


https://seekingalpha.com/article/4138881-sentiment-speaks-metals-building-another-launching-pad?app=1&uprof=44&isDirectRoadblock=false

Summary
Recent price action.

Upcoming expectations.

Understanding how to use Elliott Wave analysis.

I provide much greater detail, charts, and timely analysis on silver,GLD and GDX to the members of my service The Market Pinball Wizard, for thoseinterested.

This idea was discussed in more depth with members of my private investing community, The Market Pinball Wizard.

For those that follow me regularly, you will know that I have been tracking a set up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals market. I believe that the GDX can outperform the general equity market once we confirm a long term break out has begun, and I think we can see it in occur in early 2018.

Since I have been on vacation for the last two weeks, and will be traveling again this week to LA and NYC, I am going to keep this update a bit shorter than normal.

In early December, we identified a specific 20.89-21.26 support region for the GDX, which, if held, could begin that major 3rd wave break out and rally we have been awaiting. But, since it would mean that this 2nd wave would have completed in an unorthodox manner, I noted that I would need to see confirmation that the market has truly bottomed.

On December 12th, (in an article published on December 13th entitled “Strap Yourself In - We Are About To See Some Big Moves In Metals”), I warned you to be prepared for large moves in the market. As we now know with the benefit of hindsight, the GDX bottomed at 21.27 (within a penny of our support) on the 12th, and began a strong rally through our first two resistance points.

Last weekend, I noted the following to those subscribing to my The Market Pinball Wizard service:

This means we have now almost completed 5 waves up off the support we had been tracking into the December lows, wherein both silver and GDX bottomed within pennies of the support upon which we had been hyper-focused at the time, whereas GLD came up a bit short of its targeted support. So, wave (1) off those lows will likely complete in the coming week.

On Wednesday, just after 2PM, I published a mid-week update to my members entitled “Prepare For A Retracement.” Within minutes of my publishing that update, the market began the pullback we experienced during the remaining part of the week.

At this point in time, the market seems to be setting up in a break out fashion within the next few weeks. In fact, that rally can provide us with a stronger move than that seen in early 2016. However, it may take more consolidation/pullback before the market is ready for such a break out. But, as long as we hold support between 22.50-23.25 over the coming weeks, it would suggest we are going to begin a rally which could eclipse the strength of the one seen in early 2016.

It would take a move through the 25.50 level to suggest that a parabolic rally has likely begun sooner rather than later, with a break down below the December 2017 low completely invalidating this set up. And, to give you an idea of the potential of such a rally, the GLD can even reach its prior all-time highs within 2018, if we see the full potential being projected by this set up.

Lastly, I want to remind you that my job is not to tell you what the market MUST do. That is an impossibility. Rather, my job is to provide you the guideposts for how the market can react as long as it respects those guideposts. For this reason, I will never be right 100% of the time in my primary expectations, but you will know up front where those primary expectations become invalidated.

Moreover, these expectations are based upon market standards which apply approximately 70% of the time. That means there will be a minority of the time that the market will move outside the norms and standards we follow. So, before you decide to work with the analysis methodology I utilize, you must not only understand the tremendous value it can bring to investors in identifying relatively accurate points at which the market can turn point, but, also its limitations.

Alright JL you freakin moron. The DNI clown is here and we'll play this game.

So NEXT got a boost in share price and $30 million shares in volume as well. No chit Im impressed, Seriously. But Im trying to figure out why?? I have an apology for the poster who can give me a legitimate reason.

Was it the Superfluff trademark PR? Or Brents speech about going into production with their beautiful resource? Brent always starts out his amazing speeches with (WHEN NEXT GETS FINANCING were going to do this and this and that) NEXT isnt going to get financing unless the financier can see a permit or path to production. Yes or no??

I have just 2 questions, no 3 Newbys around here listen up! This other Madi graphite company their talking about trades at about $12M market cap or one fifth that of NEXT. Their resource is in Madagascar off a paved highway and a 45min drive to the port. They have a finalized offtake agreement to sell 500 tonnes/mth leading to 2000tpm in 2019 to Korean Graphite, Korea being the largest Battery producing country in the world and a heavy expandable graphite market. This is going to happen no mater what this goon here says. If you align with the right comnpany, you will make money. The wrong company and you get more fluffflake press releases.

1) How will NEXT move forward without the PE permit that is needed for production?

I can tell you the other Madigascar company just leapfrogged NEXT and will be in production while NEXT is still here bragging about the Superflake trademark being patented in every 3rd worlds nation around. They have a real off take agreement

2) If NEXT could get a permit, How will NEXT get material to the port?? There 180km from a port. It takes a military vehicle with a snorkel 18 hours to make the drive? Has to be MANY Millions of dollars and years to get those roads built.??

3) Since its late we'll save this for later.

Keep on on the MADAGASCAR graphite competition at stockhouse.com

DNI Metals Further to the press release
Good Morning Everyone,

See below and attached, today’s press release from DNI.


As DNI moves towards, production, we have signed an agreement with Blockmine Development Inc. (“BMD”)


BMD is developing a platform to use blockchain technology in the mining industry.

BMD will use DNI as a testing platform, with no cost to DNI at this point.

DNI wants to be a leader in incorporating Blockchain technology into our business.


For example:

As we mine, process, test, and deliver graphite to our customers, all the information can be certified, and verified.


Regards

Dan

News DNI METALS INC. (DNI : CSE) (DG7N : Frankfurt) (DMNKF:OTC)

FOR RELEASE – January 18, 2018
New one on me here. !

DNI Signs an agreement with Blockmine Development Inc. to incorporate Blockchain Technology into its Business Model
Toronto, Ontario - (Newsfile Corp. – January 18, 2018) DNI Metals Inc. (DNI: CSE) ("DNI" or the "Company") has signed a client contract with Blockmine Development Inc. (“BMD”) to participate in the advancement of BMD’s blockchain developing platform. The proposed platform will investigate the possibilities of using or creating cryptocurrency which will be integrated into DNI’s business models.

DNI intends to be a leader in using blockchain technology in its mining practices, the development of greenfield projects and interactions with its customers. Graphite is a product that has hundreds of different specs and having the ability to provide mine to customer specifications of a specific product will provide assurance to DNI’s customers.

BMD President, Brent Rouble, commented, “BMD recognizes the importance of DNI’s graphite property for future high-tech industrial graphite applications.”

The BMD model is a clear concise pathway utilizing the blockchain model, including but not limited to, cryptocurrency in a strategic format that has the potential to revolutionize the way mine development and mineral exploration is accomplished. BMD anticipates they will add Government and First Nations to the program in the near future to further enhance all aspects of the program.

The Company feels that this strategic alliance will put it at the forefront of this fast emerging Blockchain technology. At this point there will be no cost to DNI. Blockmine Development will use DNI as a test case as it develops its platform.

About Blockmine Development Inc.

Blockmine Development Inc was formed to develop and incorporate blockchain technology into the mining industry by working with companies and related organizations to simplify and streamline databases, increase security and efficiency, provide easier communication between industry, government, and other stakeholders, and to revolutionize the way companies and individuals explore and invest in mining properties. This advanced blockchain technology will mutually benefit the government, indigenous populations, and other mining companies by increasing the accountability of all parties, and by redirecting time and money to further discovery and development of mineral resources.



Blockmine Development recognizes the full potential of blockchain technology, with cryptocurrency being just one aspect of it. www.blockminedevelopment.com



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. Keith Minty, a director, previously worked at Cal Graphite near Kearny, Ontario.

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 two permitted, saprolite-hosted graphite projects in Madagascar, Vohitsara and Marofody, which are located 50kms from the country’s main seaport. These projects are contiguous, with the bulk of their respective mineralisation located between two (2) and four (4) kms from the paved national highway; which bisects the tenement area. DNI intends to develop both the Vohitsara and Marofody projects, should the economic viability and technical feasibility be established. DNI has not yet 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. This business has shown a steady increase in volume over the past year.

Steven Goertz (MAusIMM, MAIG), who is a qualified person, approved the technical disclosure in this news release.

DNI Metals DNI.ca DMNKF I want to spend 3 hours to put together a bullet proof post for you guys here, but I just dont have the time. I can however lay out enough information to present where things are headed and to set you up for some serious DD. This will be one, that people look back and wish they took the time to figure out.


First up: NEXT Nextsource Resources currently #1 Active on the TSX
Traded at .055 Dec 28 Traded for .17 today or $78M MC
This is the former Energizer Resources. Longs here know I know the company well, as I have a post history here, following the development of their Green Giant Vanadium and then the current Graphite resource. That was while graphite was hot in 2014 and before I learned the meaning of Saprolite and also, that group of mgt is IMO a dishonest pumping group. Great resources they have, but they are 180km from the port and an 18 hour drive with a snorkeled military vehicle. Many many millions plus time to complete the needed roads to port. Also Carefully worded, I think they have a large permitting problem they are not letting the market know about. From what I can see, their permit is not going to allow them to go to production. They have been talking about getting permitted and how they are going to sell graphite for 4 years now. All they have done is print shares, make name changes, make promises, brand their graphite with the trademark name Superflake and things like that. The market loves it all.

Also note, the Canadian graphite minors are going nowhere fast because they dont have saprolite, theirfore cannot get financed.

https://web.tmxmoney.com/pricehistory.php?qm_symbol=NEXT Click price history

http://www.miningweekly.com/article/nextsource-soars-on-japanese-approval-of-registered-superflake-product-trademark-2018-01-17

2nd: Syrah Res SYR.ASX or SYAAF MC $1.1B &just started commercial prod
http://www.syrahresources.com.au/

Awesome learning material on Graphite Battery Anode Material
http://www.syrahresources.com.au/application/third_party/ckfinder/userfiles/files/Battery%20Anode%20Material%20Presentation.pdf

My understanding here is Syrah being first mover in the space, has a massive production facility that is producing at about 10% capacity and needs economy of scale to be profitable. They may not even make it. I believe they are currently producing at about the same 24,000TPA that DNI is forecasting for Q419. Their website makes some production forecast but no history of production or solid information. I'll believe it when I see it. This is expected with a $10 M MC company but not at $1.1b MC

DNI Metals is currently doing everything NEXT said they would do and fast. DNI just finalized an agreement with Korea Graphite to supply 500Tonnes per mth Q418 TO 2000TPM Q419 NEXT $60M MC / DNI $10M MC
Just a matter of time before the market catches on.

There are several potential catalysts for DNI share price movement.

https://www.bloomberg.com/press-releases/2018-01-15/dni-metals-signs-binding-agreement-with-korea-graphite-to-supply-flake-graphite-for-korean-end-users-subject-to-korea-graphit

South Korea is world’s largest Li-ion battery manufacturer plus huge expandable graphite market

DNI will need final approval for their EIS 500 pg Environmental Impact Statement waiting on approval any day, plus needs to build a 6000TPA plant. Since No explosives, crushers or grinders are needed a PP raise of $2 -$3M should get the plant done in time.

Saprolite means low CAPEX, low OPEX, low Lead time to production. Graphitic Saprolite is only found in a few places in the world.

DNI has excellent infrastructure being right on a main hignway and a 40km paved road to a 1st class international port. I toured the property and made the drive on a site visit.

45 T Bulk sample was sent to India to be tested. India is desperate for graphite and are A potential off take partner. DNI has been there at least 3 times.

On the risk side, DNI has a legal issue with Cougar metals, their former driller who did not even come close to making their contractual obligations to earn in the project. DNI booted them after 2 extensions while CGM only sent one employee to manage and run the project.
I see this as a positive from here, as the worst Cougar Fever is currently priced in, and is temp capping the price IMP.

IMO, worst case if this ever gets to arbitration, is DNI pays CGM $1.5M for the value of half the property plus CGMs costs. This worst case is much worse than CGM owning half the project like was set up originally. If you read the contract, CGM gets nothing and has no rights to arbitration if they do not perform AB and C. I see a possibility of DNI writing a check for a couple hundred grand or something like that. DNI just bought a like property just next store for $1.65M Cad so value should be easy to access.

At the very least, get a handle on the story, follow it, ask some questions, and jump in if you feel comfortable with the risk. DNI is going to catch a wind very soon. There is near zero risk for Checkmate here, and this is my favorite play.

https://www.provenandprobable.com/dni-metals-assay-results-processing-plant-offtake-agreement/ I havent even watched it yet, but near sure Im going to see my twin in a light blue shirt from a site visit.

https://www.dnimetals.com/ My twin is on here several times as well.

DNI $10 M MC Syrah $1.1B MC Theres a long gap in between! DNI's running up on em in the progress dept.


Checkmate28

New Website Up
https://www.dnimetals.com/

I love the web site. Looks very professional, has the right information and really shows off the property and potential

What signifys the share price for the minimum share price requirement, is that the ask or the last trade?

Norweger 11 Meters at 5% Graphite. Scoop and float!
Latest round drilling showes 11 Meters, thats 33 feet at 5% Graphite. Plus trenches out 400 meters with visable graphite. No Dynomite. Scoop and float!

I understand this well. Massive areas of high grade, large flake graphite, contained in soft dirt, that will only need an excavator to load the trucks (no dynomite, no rock).

Trucked saprolitic dirt will be loaded in large float vats, where a reagent will make the graphite float to the surface, where it can be skimmed off and sold as is or upgraded.

Capital costs to set up this processing is 50% less than a hard rock processing set up, plus can be completed inside 1 year. All or nearly all graphite in Canada is locked up in hard rock, requiring huge capital and operation costs relative to DNI's saprolite.

With this operation being proved up, and the world desperate for graphite, its only a short time before DNI latches on to the needed CAPEX funds and the necessary offtakes, to start producing high quality graphite at nearly the lowest cost of all current producers.

Bring on the rest of the drilling results and lets get the PEA study done so we can get a line on the flake size distribution.


Checkmate28

Kirkland Lake Gold KL KL.T All Star 2017 and Q4 2017 operating results:

I listed KL on my best 2016 Tax loss buys in Jan17 +175% in 2017
First they Bought my St Andrews Goldfields, than bought Newmarket, Added CEO Tony Macuch from Lakeshore and those grades. I knew it was a powerhouse. Cant wait to see the financials for 2017

2017 production of 596,405 ounces

Other 2017 highlights:

Strong growth in mineral reserves
• Fosterville reserves more than doubled to 1,030,000 ozs average grade 17.9 “g/t”
• Macassa reserves to 2,010,000 ounces average grade of 20.8 g/t

Improved balance sheet strength
• Cash $230 million at December 31, 2017
• Debt eliminated: 6.0% convertible debentures repaid June 30, 2017; 7.5% convertible debentures matured December 31, 2017 (converted into 4,505,393 commons shares)
Industry-leading shareholder returns
• KL top performing stock on S&P/TSX Composite Index in 2017 with share price increasing 174.5% (for full-year 2017)
• Quarterly dividend payment announced in March, doubled to $0.02/share for January 15, 2018 payment
• 5.4 million common shares repurchased for C$76.5 million through normal course issuer bid

Maurice Thanks for the heads up on the upcoming new interview.

I just listened to your last interview included in the message. There were several short term catalyst to generate value for DNI Heres a summary to remind everyone whats on the way

1) Drill program ended Oct 31 2017 and is at the lab
2)Trenching samples are at the lab as well
2) This drill program is enough for a NI43101 compliant resource that was said will be officially completed in Q118, thats about now.
3) Also spoke of the 500 page EIS environmental study for the Vohitsara project that was turned in. Hopefully it is approved soon and DNI can get the final go ahead to mine commercially.
4)The EIS was also turned in for the Marafody project.
5) PEA study on its way
6) DNI Working on a lab to do in house float studys and preparing samples for up graders and end users.
7) 40 tons of samples out to Korea being tested now. Big catalyst there as the offtake agreement is affected by this.
8)DNI has 2 100% owned property's. Get that TWO.
9) We also know they are working on the 6000t/yr pilot processing plant.
This will be done very cheap and provide revenues.

Dan said that he thinks there is enough graphite on the 1st property to allow for his grand children to see production. Thats alot of graphite. Im looking forward to the official resource to come out. That should help create some value for DNI shares and to finance production.

He than said, its likely that Marafody has the same amount of graphite or more.

Checkmate28