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DNI Metals Update. DMNKF US The raise at .08 was not optimal but it had to get done to keep something moving. Something in particular.
Had it not been for the Mining Watch smear piece, the raise would have been done at a dime for sure. Remember Ive been touting DNI here from .025 in December and it hit .15 2 weeks ago. Things have come a long way and theres still only 63M OS.
I called mining watch yesterday looking for information. I spoke with the head researcher Jamie. He informed me, he just found out the 3 minors that had the complaints, had signed agreements last Wednesday. He also heard that he now thinks DNI Does have the mining permit and that he is waiting for confirmation. Thats the majority of the bad press right there. He said they are working on an update and will be retracting some things. I know positively, they have had the proper mining permit for many months. The guy was clueless and damaged the company with mis-information. From what I saw on site, DNI Metals should get an award for social responsibility for providing roads, soccer field, water wells and JOBS
The financing is about 1/3 filled already and DW is coming to Detroit area in about an hour to talk with my group here.
IMO Stock is going to bounce after the raise is over. Anyone interested in participation in the raise or has some questions, PM me your email/phone or call Dan at the company number. If you arn't subscribed here, PM is free on stockhouse. If you call Dan, tell him Checkmate sent you.
At a $5 Million valuation, trading at .08 right now, after this financing is complete, you get a company with a world class, large jumbo flake graphite resource in Madagascar, has a current revenue producing graphite wholesale business, is funded and about to build a 6tpy pilot plant and purchase a 2nd hot property and has a MOU with a large Korean Expandable Graphite Company to deliver 20K tonns of Graphite in 2018.
Since their graphite is contained in loose weathered rock (saprolite) , their is no explosives, crushing or grinding like the Canadian wannabe developers will need. Obviously CAPAX and OPEX will be greatly reduced making their progress financeable and highly profitable even at todays graphite prices. DNI is permitted for production, sits adjacent to a paved road and 45 km to a major port. I dont know of any other graphite company with this much value relative to market cap. I have been on a multi day site visit, personally witnessed the operation, saw piles of the rich graphite zones with the coveted jumbo flakes. Additionally I drove the 45km road to the port myself and realized what a bonus it is to have the infrastructure already there. Many wannabe graphite companys out there, cant finance the expensive hard rock operations or are 200+ km on a dirt road to a port. Their trip requires a 4 wheel drive with jumbo lift and a snorkel.
Checkmate28 JMHO GLTA
Who they are
https://miningwatch.ca/about
Top story on right
https://miningwatch.ca/news
I cant imagine DNI investors finding this article on their own and dumping stock in the morning. I think it was set up, somebody's behind this and looking to shake DNI for some money or non mining environmental NPO trying to stop them. From the local gov point of view, they like DNI, as their going to build the community and almost all workers are local indigenous peoples happy to have jobs paying twice the normal local rate. Dont even want to say how low that local daily rate is LOL. From what I understand, they have agreements with all the locals and compensated them all. The article said they dont have the mining permit which is a flat out lie as Im sure the rest is. This garbage is never good though.
DNI Metals Inc. responds to misinformed statements of MiningWatch Canada regarding Vohitsara Graphite Project in Madagascar
http://thecse.com/sites/default/files/17.09.14_PR_-_DNI_Response.pdf
My understanding, is someone is trying to shake DNI down for there own benefit and called on the NPO Miningwatch Canada, which put out the CNN Opps I mean fake news. DNI is refuting every bit of it. I spent a week down there. I saw No friction what soever. CEO Dan Weir was very involved with the community relations and is not the type of person to act like the smear piece characterized him.
Catch you up on the going forward plan after I see how this shakes out and get some more time later.
Trader DNI That spike down lasted for about 1 hour then back up. There was a reason. Answer will come full circle tomorrow. Cant reply until we get the company answer. I had a large bid early, chased it up then bailed when I couldn't fill. Maybe tomorrow.
There is a paradigm shift to Electric vehicles coming. DNI is here to stay and at the right place at the right time.
On the site visit, I walked the project, saw the gobs of large flake graphite at several different places including the new property. I did the 45km drive from the property to the port, met with local and port officials, met some community and many happy workers. There were several km of roads built along with results coming from 2 different drills. They have a lot of the best graphite on the planet available at sector leading costs which is the reason they got the MOU from the Korean company. Scoop, float, add reagent, load on the truck and drive to the port. The 20,000 tonns the 1st year is going to be worth $14M in profit at the current $1200 avg price per ton.
On the community building side, DNI built a road for the community to a school, built a soccer field, dug some water wells with their drills and offered to help build a non existent high school in the community and a couple doctors on the trip are working with DNI to help with a medical facility for the community.
http://www.foxnews.com/auto/2017/09/11/china-gas-and-diesel-car-ban-in-works.html
https://www.reuters.com/article/us-autoshow-frankfurt-volkswagen-electri/volkswagen-spends-billions-more-on-electric-cars-in-search-for-mass-market-idUSKCN1BM296
Orvana Minerals ORV.T ORVMF The most laughable valuation out there. I've been calling this one all year. ORV quarterly revenues are going to exceed their market cap this quarter with reduced cost, increased production and a positive cash flow stream that is going to increase quarterly pushing the stock up many multiples. Fortunately I was able to stealthily add 25k shares 4 times at between .25 and .26 the last week and yesterday. Ill probably add more shares here, because the markets will make more excuses to not buy this stock. The cash is coming big time, relative to the market cap, and the market will know what to do with that. I predict 2018 cash flow will exceed todays market cap.
Issues Increased Annual Production Guidance For 2018
Canada NewsWire
TORONTO, Sept. 13, 2017
TSX:ORV
Fiscal 2018 gold production guidance of 110,000 to 120,000 ounces, an increase of 25% over 2017
COC and AISC of $950-1050 and $1150-1250 respectively a decrease of 10% compared to 2017
Also noticed Copper production guidance down and decreased company wide CAPEX guidance.
Link back for more Rockin Good ideas!!!
NXS.V Bought in a couple weeks ago at .15 looking for a trade. Delayed drill results created an opportunity. Anytime the next week or 2, they should have drill results out on 2 fronts. Unbeknownst to me, they added a concession that added 700% in area to their Bouboulou property. They had some smokin sampless a while back. Now trading up 50% in 2 weeks at .22
I may sell or hold after I see the drill results.
PRU.TO Getting things together
2018 Guidance 12 months to June 2018 is forecast to increase to 250-285,000 ounces, from 2017 production of 176,218 ounces.
The projected increase is driven by higher output at Edikan, together with the commencement of production at Sissingué, which is scheduled to produce its first gold in the March 2018 quarter.
Together, the two sites are expected to deliver a reduction in Group all-in site costs to US$950-1,100/ounce in 2018, from US$1,324/ounce in 2017.
As forecast, Operating cash flows in the June 2017 Half Year rebounded to positive A$18.2 million from negative A$17.4 million in the first six months, despite the bulk of the payment of the legal settlement with BCM being paid in the second half of the year.
They should produce 500K per year around 2020 as they develop their projects from internal cash flow
re EXN.T Excellon. The story there is the dewatering program that brought them into 2016 for a 10 bagger for my account is completed. They are currently mining in dry conditions in the (623 mantos) highest grade ore body they have. Going forward, starting this quarter, they will be producing about twice the ounces at half the cost. The dewatering CAPEX is paid for. They have the highest grade silver mine in the business with the 623 mantos carrying over 2000gpt of AgEq.
Basically they should be pressing for 4,000,000 oz AuEq when they are firing on 8 cylinders and cash flowing about $20 Million/year from current operations and $16-$17 Silver
They have huge upside on the exploration, as they were onto something back a few years ago and had to abandon due to POS dropping. They will take the cash flow and drill the huge CRD polymetalic resource they think they were onto, and look to acquire and asset on the cheap.
Top that off with Eric Sprotts recent insider buying and the King world News pump and I question the upside potential from here when compared to other opportunity's. I have a few carry over freebys so the coming financials will for sure be on my must see watch list.
Im onto a few companys cash flowing over a $20Mill/Yr rate with about 1/4th to 1/8th the market cap of Excellon. Just not enough time to post lately.
As to USA.TO Like you say the time is now. The Zinc coming on line is on the must watch list as well.
DNI.ca Don't sell your shares. IMO Its going to base here and continue to chase fair value. Fair value is going to continue to move higher rapidly, as they continue to execute, becoming about the highest grade, lowest cost graphite producer in a space. The space being the heating up demand for High grade large flake graphite needed for EV plus other energy storage and expandable graphite products.
Superflake fluff. Is that the best NEXT can do, a trademark on a graphite flake, that is nothing more than a standard jumbo flake.? NEXT has done nothing lately other than fluff the same news.
In the mean time their competition up north in Madagascar just press released they are building a modular pilot processing plant in 3 to 4 months plus working on a real off take agreement. I mean How can anyone else do that, NEXT said they were doing it first?
DNI. More news www.provenandprobable.com/breaking-dni-metals-inc-build-modular-graphite-pilot-plant-madagascar-properties-published-2017-08-17/
DNI.ca DMNKF Offtake MOI
Readers digest version. This is very big news. The potential Korean JV partner has recognized DNI as having the quality of graphite needed for the growing Korean companys expandable graphite needs. Obviously they have done their DD as to the quality and readyness of DNI to be in production soon enough to supply the 20000 initial tonns needed for the Korean company needs, plus the potential supply of large flake needed for Korean battery users/manufactures LG, Samsung and Hyundai all who are looking for local sources of large flake material.
Its my opinion that DNI is going to be the higest grade, lowest cost graphite project in the world.
My projection is that DNI should produce graphite at about $350/tn with $150for shipping and sustaining costs. With a sale price of $1200/tn, this would leave $700/tn profit.
700 x 20000tn = $14million in profit and thats just for starters.
$14m future earnings for a $8m market cap company leaves a large opportunity for share price improvement.
Im currently on site and I can see for myself the progress and excitement. There are at least 50 employees on site working the infrastructure plus air and core drilling equipment in action. I walked several km of these fresh cut roads and saw several areas of visual large flake graphite at and near surface, and more importantly in the loose saprolite which is the key to the alleged low OPEX and CAPEX I've been talking about. I also traveled the 45km paved highway to the port for a visit of those facilitys. This looks like a slam dunk to me and I see the shares continuing to reach true value. After seeing some gators, Ill be on site tomorrow again. Stay tuned for lots of near term progress.
The news and lineup
http://thecse.com/en/listings/mining/dni-metals-inc
As to the Lemers, I hung out with 4 varietys today. As to your word interesting, going to be Real interesting tomorrow. Pay close attention, and realise there has been no bull thus far.
Welcome everybody On the way to the airport
OMI.V Orosur Mining Inc Announces Oversubscribed Conditional Subscription to Raise Approximately US$3.2 Million
T.OMI | 11 hours ago
Orosur Mining Inc Announces Oversubscribed Conditional Subscription to Raise Approximately US$3.2 Million
Orosur Mining Inc. (“Orosur” or the “Company”) (TSX/AIM: OMI), a South America-focused gold producer, developer and explorer, is pleased to announce that it has conditionally raised gross proceeds of approximately C$4.0 million (US$3.2 million) through a placing and subscription of 16,740,502 new Common Shares of no par value (the "Subscription Shares" or “New Common Shares”) at a price of C$0.241 (14.7p per share*) per Subscription Share (“Subscription Price”) (together the "Subscription"), together with a grant of unlisted warrants over new Common Shares (“Subscription Warrants”) on the basis of one Subscription Warrant for every two Subscription Shares.
Highlights
The Subscription Price was negotiated and agreed in principle on August 1st, 2017 and was based on a 5% premium to the 5-day VWAP of the Company’s shares trading on the TSX ending August 1st, 2017
The Subscription was oversubscribed
Each full Subscription Warrant entitles the holder to purchase a Common Share at a price of C$0.337 on or before August 14th, 2020
The net proceeds of this Subscription are intended to be deployed for drilling and associated activities at the Company’s highly prospective Anzá gold project in Colombia
Cash flow from existing operations in Uruguay can now be fully concentrated on both growing production in Uruguay and extending life of mine
Concurrent with the financing, the Company is pleased to announce the appointment of Numis Securities Limited as its joint broker with immediate effect alongside its existing nomad and broker, Cantor Fitzgerald Europe
Background to and Reasons for the Subscription
As announced on June 20th, 2017, for the year ending May 31st, 2017 the Company produced 35,371 ounces of gold, with operating cash costs expected to be within its guidance of US$800-US$900 per ounce. The Company expects production from the San Gregorio mine in Uruguay for the current financial year to be between 30,000 - 35,000 ounces of gold, with operating costs of US$800 - US$900 per ounce.
At current gold prices this will allow the Company to continue to focus on expanding its resource base in Uruguay both from underground and surface operations, with the aim of increasing its mine life and/or increasing production by utilising the spare capacity in the San Gregorio plant**.
The Company also announced in its operational update that it planned to commence a 15,000 - 30,000 metre drilling campaign in 2017 in Colombia, culminating in the preparation and publishing of a maiden N.I. 43-101 compliant resource report for the Anzá gold project (“Anzá”). The net proceeds of this Subscription of US$3.2 million are intended to be deployed for drilling and associated activities at Anzá, and are budgeted to fund an initial 15,000 metres of diamond drilling.
Ignacio Salazar, CEO of the Company, commented: “The completion of this financing, which was oversubscribed and at a premium to the prevailing market when negotiated, is a testament to the quality of our assets and growth prospects. We are delighted to have two new institutional shareholders join our shareholder base while limiting dilution to our existing shareholders. The funds raised should allow the Company to swiftly commence resource definition drilling in our high potential Anzá gold project in the Mid Cauca belt of Colombia. Concurrently, cash flow from existing operations in Uruguay can be directed to growing our production profile within the 100 km long greenstone belt we control in Uruguay, as well as around our existing operating mine and CIL plant. This is aimed at accelerating progress in the two key growth projects of the Company.”
The Terms of the Subscriptions
Subscription agreements have been entered into with subscribers pursuant to which the subscribers have conditionally agreed to purchase in aggregate 16,740,502 new Common Shares of no par value at a price of C$0.241 per Subscription Share.
The Subscription Shares will be allotted and issued free of all liens, charges and encumbrances and will, when issued and fully paid, rank pari passu in all respects with the Company’s existing Common Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of their issue.
Completion of the Subscription is subject amongst other things to the final acceptance of the TSX, and admission of the New Common Shares to trading on AIM ("Admission"). Application has been made for the New Common Shares to be admitted to trading on AIM. Subject to receipt of final acceptance of the TSX, it is expected that Admission will become effective at 8.00 am (GMT) on or around August 14th, 2017. If Admission is delayed, any variations to this timetable will be announced via a Regulatory Information Service.
Upon Admission, the total number of Common Shares and voting rights issued and outstanding will be 117,586,905 and the total number of options and warrants outstanding will be 15,668,344 following the issuance of the Subscription Warrants.
Securities issued under the Subscription will be subject to a four-month hold expiring on December 14th, 2017 and will become freely transferable on December 15th, 2017, in accordance with applicable Canadian securities laws.
The financing was conducted by Cantor Fitzgerald Europe (“Cantor”) and Numis Securities Limited (“Numis”).
A copy of the Company’s latest corporate presentation is available on the Company’s website www.orosur.ca.
*CAD exchange rate as at August 1 st , 2017 (1CAD$:0.606GBP)
**Assumes production and operating costs for the San Gregorio mine are achieved as stated above at prevailing gold price
Principal Terms of the Subscription Warrants
The Subscription Warrants are constituted pursuant to a Warrant Indenture to be entered into between Computershare Trust Company of Canada and the Company dated August 14th, 2017.
The principal terms of the Subscription Warrants are as follows:
a) a holder of Subscription Warrants (a "Warrantholder") will have the right at any time prior to August 14th, 2020 upon written notice, to subscribe for new Common Shares (on the basis of one new Common Share for each Subscription Warrant held, subject to adjustment) at C$0.337 per Common Share;
b) the Subscription Warrants will be transferable and freely transferable at any time following the four month hold period;
c) the Subscription Warrants will not be listed or admitted to trading on any exchange; and
d) the subscription rights under the Subscription Warrants will be subject to adjustment in the event of various corporate actions affecting the share capital of the Company.
Read more at http://www.stockhouse.com/news/press-releases/2017/08/11/orosur-mining-inc-announces-oversubscribed-conditional-subscription-to-raise#E6AoO06r7fd8GLkm.99
DNI Been breaking out. Trading .12 this AM With much news on the horizon.
http://thecse.com/en/listings/mining/dni-metals-inc
Re ORV. I think they produced 2000 more oz than they sold which means things were better than they appeared, plus there are further increases in production with decreases in costs on the way.
It was this 4th quarter that I have been waiting for. Its there where I think they will see the light of day.
Shortly after THE loans and CAPEX should be greatly reduced allowing for cash ow status.
OT Huesos & rrten Running on vapors for time. Leaving tomorrow.
Ill be on the eastern side midway up staying in these areas.
Antananarivo
Andasibe-Mantadia National Park
Thomasina Port city
Republic of Mauritius Island Google those images!
Plus checking out some graphite here and there. Going to be cracking the whip. Get those shares moving higher, LOL.
Will have email and check in here and there but for the most part going to ditch the electronics.
As to Luke, Not sure what happen. Think hes on a demanding project that leaves no time. Miss his attention to detail and updates though.
Take care
ORVANA $8 Million in cash-flow for Q3. Annualized is $32 million and its going to get better from here. $150 Million in revenue and Still only trading at $42M market cap. Seriously mis-priced. Can only go up from here IMO ... 140,000 AuEq per year, offers huge leverage to the POG.
Now Im waiting to see what Orosur Mining OMI.V is going to put up for numbers.
Gowest is about 3 - 4 weeks from hitting the ore body.
DNI Metals trading at .10 with a flurry of news about to hit.
Im running on 8 cylinders for sure! Going to sleep well in Madi
ORV.t ORVMF Hits it out of the park. Like clockwork just as Ive been posting. Higher sales on lower costs greatly changing the dynamics of the investment.
https://web.tmxmoney.com/article.php?newsid=8920109311863931&qm_symbol=ORV
Orvana Reports Improved Third Quarter Financial Results on Record Quarterly Gold Production
TORONTO, Aug. 10, 2017
Third Quarter 2017 achievements:
Record quarterly gold production of 26,414 ounces, increase of 65% from Q2 2016;
Gold equivalent production of approximately 35,292 ounces during Q3 2017;
Revenue increased by $10.7 million to $36.7 million, up 41% compared to Q3 2016;
EBITDA up by $2.3 million compared to Q3 2016;
Cash balance of $18.5 million at June 30, 2017, up from $14.2 million at March 31, 2017;
COC and AISC of $1,032 and $1,199, respectively, in Q3 2016;
On track to meet fiscal 2017 cost and production guidance, including COC and AISC.
Progress check You've got to be kidding me.
“NextSource is that rare thing, a graphite company that has based its project economics on actual reality and by doing so, has conservatively showed investors that it can make very good margins in doing so now, and likely a whole lot more when the eventual, but still-in-the-future, world of battery power arrives.”
What reality ? How can NEXT do anything without the PE mining permits?
How can they build any plant and better yet, how can it make any margins when it cant produce anything?
Next should be doing something to show its investors, where its at in the permitting process. But instead, all there is to talk about, is this fantasy of producing lots of graphite and making lots of money.
Have you seen how that other Madagascar company you talk negatively about here is doing? Its up 50 - 100% since last time I was here.
Do you know why? Because there operating in the actual reality. Their permitted, and currently drilling off their resource. Share price is telling me there should be results very soon and are probably very good.
The'll be building their process plant while this company is still talking about how their the best thing since sliced bread.
DNI Metals DNI.ca DMNKF Now trading at .095 + 200% from the Dec low when I posted this strong buy with many updates along the way. Playing out exactly like I said. Hopefully someone did some DD and followed me on this one. Link back for the tax loss list.
My Jan 2017 post
My 2016 Tax loss and Pic 3 Candidates posted late, as I didn't want to tip my hat for SSkills1 Pic 3 contests. Most pricing info shown is from the end of year but most are close now. Most were much less mid Dec as well. No special order.
DNI.c DNI Metals. .04 Now - MC$1M - .03 in Dec -Would have been pic 3 if it qualified
The market is going to find out that most or all the current Canadian Graphite companies will never build a mine in Canada due to hard rock costs. DNI on the other hand has a drill on the way to Madagascar right now. Mark these words, heres whats going to happen. In 6 -8 mths time, they are going to drill their property, prove up sector leading grades and flake size and provide at least a PEA showing they are shovel ready, and fully permitted to build a mine that is 1/5th the CAPEX and 1/2 the OPEX of all their Canadian competition. Highly profitable with low operating expenses. The typical list of Graphite developers doesn't register DNI. They will soon move to the top. Buying this now at a $1.M USA valuation is going to look like genius. Ive been buying all I can at 3 - 4cents. Not much buying opportunity but get em if you can. Part 2 of the equation I haven't even mentioned is the Lab. Stay tuned here.
Were a month or 2 late, but stay tuned as were only in the 1st inning. Its coming hot and heavy. Extremely solid company, solid assets, solid business plan, brilliant management. Im headed to Madagascar this week for 10 days. Going to see this with my own eyes!
rrten ASM I hadn't had a close look lately until today. currently producing 2.6Moz at near $10 AISC with a $110MC. The paid for mill expansion gives them a 70% bump in 2018, plus the tailing expansion PEA shows an IRR of 48% and would bring them to a 5M eq oz Silver producer.
Looks like a solid investment, but not enough to get me to part any dollars right now.
GORO Investors getting tired of waiting but Ive been saying 2018 is going to be the big year. Buying well under $4 is an good idea. The contract miner/truckers hurt them at Alta Garcia so we missed the bump. Switchback and AG going to start firing more ore Now. Theres some zinc in the Alta Garcia ore to add to the $39M pounds/yr there shipping now. While earnings arnt increasing, they are increasing value every month. There will be a production bump in Q3. Livermore would like my patience. Lets hope the Nevada Meridor permits come soon.
Excellon Resources EXN going to start making money soon. The water is gone allowing them to start mining the highest grade Ag ore in the bus. Still only planning for 4M AgEq. ASM looks good sitting next to them.
USA Silver looking like its going to gain some nice value as well.
GORO Conference call now
US/CAN Toll Free: 888-632-5004
International Toll: +1 323-794-2095
Passcode: 034203
LC Will be first in line LOL
MND.to JAG.v Thanks for the update. MND Its the story I like to buy, but dont have the spare chips right now otherwise I would have bought this after your 1st post. Heavy in other investments that are near the money I THINK!
https://www.canadianinsider.com/company?menu_tickersearch=mnd
Since Im not buying I didn't dig to far. Why is GMT capital shoveling in so many shares?
Another couple I might have bought for at least a trade.
Jag.v Jaguar Mining almost cut in half the last week. You have the Jag turnaround threatened by the increased Brazilian royalty's and a fund dumping. For a gambling man, I think the odds look pretty good for a bounce from .25 Plus huge optionality plus leverage on the price of gold.
https://www.canadianinsider.com/company?menu_tickersearch=JAG%20%7C%20Jaguar%20Mining
NXS Nexus Gold in Burkina Faso. Delayed drilling providing what might be a good entry at .15 ... I run it up near 100% to start the last pic 3.
As to the ore sorting, GWA is using the xray sorting. Its cheap for GWA relative to the saving, but that depends on how much is lost when they reject the bad ore. For GWA, its like 100%+ gain in head grade and 2% loss of gold from the rejected ore.
ORV Dr Air and rtten I spoke with the Orvana about Bolivia some time ago. Asked if their have their ever been any problems. I was told that for 24 years, there has basically been a very good no problem relationship and they are well liked. As to the repatriation, you bring up a good point that we need to understand better.
I will try and call them and report back. Going out of town so wont be right away.
Shares traded at $4 few years back. $40M MC has to go up as they iron out the projects.
LC Re read this link make note of only the First line.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133012590
Back to Graphite DNI. I agree graphite upgraders will have their niche, but also remember that most graphite is amorphous and used for the steel industry, pencils and such as you said. The steel industry is slow now, thus the flat price for graphite. Graphite coming from China is nearly all amorphous.
Contrary to what you said, High graphitic carbon, Jumbo and large flake graphite is not common, and sells for a large premium. Its only this very high quality graphite that is needed these specialized products including EV batteries, graphene, and expandable graphite.
Back to DNI. If they set up just a 12,000 TPA processing plant, CAPEX $10 - 15M with manufacturing costs at $350/tn , shipping $100/tn. Lets Say $500 all in and sell this for a very conservative $1200/t esp if their deposit is as good as I think. There is $700/tn profit or $8.4Million in all. DNI Trades at $4 MC even after the recent bump.
Remember the 2 - 3 weeks part.
gemstar, I thought you were trying to add some volume LOL!
Cobalt, I wish I had the time to do the research I need to be comfortable with a purchase. I have to know it really well to buy it.
Had a quick look at KATFF and FTMDF. Katanga up 4 fold this year. Thats a red flag already?
Fortune Minerals, Cobalt takes a lot years to get up and going. Their still working on infrastructure just to explore?
Any particular reasons you chose to post these two?
LC LOL Missed the memo? - Twice I posted about DNI Metals with secondary info on another company and you replied about the other company. Im trying to make the case, Theres more than meets the eye to DNI clear as day, as there is a big I tried to tell you coming. A clear 2 bagger is a 2 bagger no matter what the market cap. Been calling DNI since .035 and .055 last week. Takes .075 or better to get it now. This will soon be history as well.
clearing up fast? The reasons I posted the memos are going to start clearing up fast.
As to precious metals, I think your right on and with the right reasons. An additional reason would be, the minors dropped fairly large while the price of gold remains fairly high, esp in terms of Canadian and Mexican currencies. The minors and lean and mean right now, therefore stacking cash, paying down debt or paying for value creating improvements.
Since my Canadian minors are bought with US dollars and US Equivalent Symbols, I am capturing more spread back as the US dollar falls.
My casual text is often purposeful since sometimes, I am not interested in posting details here. If you learn to read my sign language, see how it plays out as a general rule, then do your own DD, you might find my casual posts carry more weight than they appear. I have learned to take a better look at some of your ideas in the past. Problem for me is time. Not enough time to research everything, therefore lots of good ideas get missed. No worries when I have enough well researched ideas for myself.
Theme. I think you mixed me up with another poster? Ive been long and accumulating Orvana for 12-18 mths mostly in the low.20s.
Dr Airtime has let us know a few times, hes not keen on Orvana?
Check out Great Lakes last 3 PR's Who's supplying all those samples?
https://web.tmxmoney.com/quote.php?qm_symbol=GLK
Cougar metals, DNI's drill partner put out these results. Assuming DNI will follow up. 28%Super Flake 65% and 65% Large flake with 98% total graphitic carbon is phenomenal.
METALLURGICAL TESTWORK CONFIRMS PRESENCE OF
PREMIUM FLAKE GRAPHITE AT TOAMASINA
• Metallurgical Tests have produced very high grade concentrates (>98% Total Graphitic
Carbon) from both high and low grade raw composites
• Conventional Flowsheet utilised with minimal grinding
• The high-grade sample produced a concentrate with 28% >500 µm (Super Jumbo
Flake) and 65% > 180 µm (Large Flake), at an overall concentrate grade of 98.4%
Total Graphitic Carbon
• The low-grade sample produced a concentrate with 53% mass > 180 µm (Large Flake)
at an overall concentrate grade of 98.3% Total Graphitic Carbon
• Results achieved at a coarse grind size of 1 mm
Guy ORV.to Were going to rock on this one. Financials should help illuminate the direction this company is going. Current quarter will be out in November should show even more production at lower costs with debt dropping fast. 141k Annualized Gold production at a $41M Market Cap
We'll be laughing when the market catches up.
TORONTO, July 17, 2017 /PRNewswire/ -- Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") is providing the following production results for the El Valle Mine ("El Valle") in Spain and Don Mario Mine ("Don Mario") in Bolivia for the third quarter of fiscal 2017 ("Q3 2017").
Record consolidated quarterly gold production of 26,414 ounces;
Consolidated gold equivalent production of 35,292 ounces in Q3 2017 (141k annualized) representing an increase of 27% compared to Q2 2017;
On track to meet fiscal 2017 production guidance;
El Valle gold and copper production increased by 15% and 24%, respectively, compared to Q2 2017 due to higher recoveries and tonnes milled; mill throughput averaged 2,284 tonnes per day ("tpd") in the period; Don Mario completed first full quarter of commercial production from the re-commissioned carbon-in-leach circuit ("CIL Circuit") achieving a 48% increase in gold production compared to Q2 2017 and gold recovery of 89.3%, exceeding target of 80%. (This is a 65% improvement that will help the bottom line)
DNI's Drilling partner Cougar Metals press release out. Phenomenal results
METALLURGICAL TESTWORK CONFIRMS PRESENCE OF
PREMIUM FLAKE GRAPHITE AT TOAMASINA
• Metallurgical Tests have produced very high grade concentrates (>98% Total Graphitic
Carbon) from both high and low grade raw composites
• Conventional Flowsheet utilised with minimal grinding
• The high-grade sample produced a concentrate with 28% >500 µm (Super Jumbo
Flake) and 65% > 180 µm (Large Flake), at an overall concentrate grade of 98.4%
Total Graphitic Carbon
• The low-grade sample produced a concentrate with 53% mass > 180 µm (Large Flake)
at an overall concentrate grade of 98.3% Total Graphitic Carbon
• Results achieved at a coarse grind size of 1 mm
CPTMatt Re DNI Part 1. Couple comments. That Article from February points out that natural graphite is cheaper, cleaner and more energy dense than synthetic graphite and that auto makers will not be enticed by the $400 savings. Say What??? $400 savings per car on all the low cost electric vehicles coming on IS a big deal! Ive read $500 savings.
Comment 2, They state Syrah will bring on a large supply of graphite will flood the market? Humm First the plant is largely overbuilt, they don't have off takes. Their OPEX will be outrageous as the large facility trys to produce small quantities of graphite. Lets see if they even start to produce before they go bankrupt. Syrah cant work!
None of this will even matter. I'm here to make money and DNI is going to make it while growing the company. This all relative to market cap of coarse. Fact, QUALITY graphite demand is coming strong. The strong will survive. DNI'S OPEX and CAPEX will be much less, plus they have already proved they can get the off takes. They will make good cash flow at any price since they will be at or near the lowest cost producer for a product of increasing demand.
The key to DNI is management. This company is just getting things done. Just watch what happens the next few weeks.
Elon Musk, Robert Friedland, Bob Moriarty, James Dines, are probably not the wrong ons here.
LC I think you have to large a position with GLK as well. You missed the memo twice now, but stay tuned, its going to start clearing up fast.
Spartex, the answer to your question is When you see DNI trade below.065 its just noise. Put your ear plugs on.
All this talk about DNI and the other Madagascar company, is going to get sorted out real fast. Were going to see what company walks the walk and what company does alot of fast talking.
Then were going to see what SH alias has any character to speak of. Somebody from one side of the fence is going to be obviously wrong. As Nykolation would say .."stay tuned the fun is about to begin"
Spartex, Id be very surprised if LM sold his shares. If he did, his timing was off a bit.
http://www.northernminer.com/press-releases/story/?id=1004010171
Hummm Who sources Great Lakes Graphite? Might hit the link back button
7/13/2017 7:58:11 AM | Marketwired News
Great Lakes Graphite and NanoSpire Launch Product Development Effort to Target Advanced Materials Markets with High Value Carbon Products
2017-07-13T11:58:11+00:00
TORONTO, ONTARIO--(Marketwired - July 13, 2017) - Great Lakes Graphite Inc. ("GLK" or the "Company") (TSX VENTURE:GLK)(OTC PINK:GLKIF)(FRANKFURT:8GL) is pleased to announce that the Company has initiated a joint product development effort with NanoSpire, Inc. of Portland, Maine to target advanced materials markets with a variety of high value carbon products. NanoSpire has developed the next generation of particle sizing technology based on its patented technology which harnesses cavitation microjets to resize virtually any material into particles as small as a few nanometers.
Great Lakes Graphite CEO Paul Gorman said, "We believe there are a number of competitive advantages that accrue to us through this partnership. NanoSpire's unique technology holds the potential to deliver greater process accuracies and efficiencies as well as innovating entirely new products. We believe there will be tremendous value in the ability to consistently produce high quality carbon materials in volume, within a tight size range at the nanometer scale."
NanoSpire, Inc. is an IP holding company founded in January 2002, to commercialize a new generation of cavitation reentrant jet-based tools and processes. Mark LeClair and Serge Lebid, the principals at NanoSpire, have been presented at numerous nanotechnology conferences. NanoSpire won the prestigious Innovation Technology Award at the Nanotech 2003 + Future Conference in Tokyo. NanoSpire's business and technology focus is the harnessing of high speed liquid cavitation reentrant microjets. NanoSpire Founder and CEO Mark LeClair commended on the collaborative effort by stating, "We believe that our technology has the potential to deliver significant process efficiencies and expand the product development boundaries with new and greatly expanded sizing capability. We look forward to working closely with Great Lakes Graphite in a strong partnership that will engender substantial mutual benefits."
About Great Lakes Graphite Inc.: Great Lakes Graphite is an industrial minerals processing company supplying customers with innovative, high quality value-added carbon products.
There is no significant graphite production in North America now. As pricing and demand continue to rise, Great Lakes Graphite is one of the first new domestic suppliers to a growing regional customer base. We continually work to deliver products of the best quality with outstanding customer service.
The Company is party to an agreement for long-term supply of high quality natural graphite concentrate from Brazil (see news release dated 03/23/15). Great Lakes Graphite is presently working with an established US-based processor for toll micronization services. The Company has partnered with Ashland Advanced Materials for commercial-scale purification operations at Ashland's 110,000 square foot purification facility located in Niagara, New York.
Through our partner relationships, Great Lakes Graphite began selling micronized synthetic graphite beginning in 2016 and now supplies micronized and high purity micronized natural flake graphite products to a growing customer base.
Further information regarding Great Lakes can be found on the Company's website at www.GreatLakesGraphite.com.
Gowest Gold Intersects 7.70 m at 8.26 g/t Au at Bradshaw Gold Deposit
Gowest Announces Closing of Private Placement and Settlement of Shares for Debt Arrangement
TORONTO, ONTARIO--(Marketwired - July 7, 2017) - Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA) is pleased to announce the results from the recently completed Advanced Exploration ("AE") drill program at the Bradshaw Gold Deposit ("Bradshaw"). The Company completed 2,097 metres ("m") of HQ* diameter drill core from 23 holes, all drilled in the area where the 30,000 tonne AE bulk sample is to be collected. (*Approximately 63.5 mm.)
Observed Jeremy Niemi, Gowest's Director of Exploration, "We are very pleased that every drill hole in this drill program intersected gold mineralization. This gives us confidence in our resource model and with several holes intersecting gold grades higher than anticipated it supported our interpretation that the Bradshaw Deposit has room to grow and the potential to be a very successful gold mine."
Highlights include: (For greater detail, see Table 1 below.)
GW17-317 intersected 8.83m at 6.5 grams/tonne ('g/t') gold
Including 3.8m at 13.91 g/t gold
GW17-315 intersected 5.8m at 3.31 g/t gold
Including 1.7m at 6.88 g/t gold
GW17-312 intersected 1.3m at 17.49 g/t gold
GW17-305 intersected 7.70m at 8.26 g/t gold
Including 2.0m at 22.75 g/t gold
GW17-306 intersected 1.1m at 15.6 g/t gold
GW17-305 intersected 1.0m at 13.4 g/t gold
GW17-304 intersected 1.9m at 11.1 g/t gold
GW17-303 intersected 1.7m at 10.04 g/t gold
The advanced exploration drill program was designed to refine the geological model and the stope design in the upper portion of the Bradshaw deposit where the bulk sample will be extracted.
"These findings further support our conviction that the Bradshaw Gold Deposit will be the next new mine in the Timmins Camp," commented Gowest CEO, Greg Romain. "More importantly though, these drill results also provide a strong demonstration of the significant upside potential of the deposit that has thus far been untapped."
Table 1. Recent Bradshaw drill hole intercepts See press release for this info as formating didn't look good.
**Drill hole intercepts may not reflect the true width of the zones and no capping was applied to the gold grades.
Collar locations, hole lengths and orientations can be found on the Company website at the following link: (https://www.gowestgold.com/north-timmins-gold-project/resources/).
AE Bulk Sample Program Update
As at June 30, 2017, the onsite development team had advanced the underground ramp a total of 170 metres towards the location of the first bulk sample, where extraction is expected to begin in the third quarter of this year. Over half way there!!
Redstone Mill
Also, as previously noted (see Gowest news release dated June 16, 2017), Gowest entered into a definitive share purchase agreement with Northern Sun Mining Corp. to acquire a 50% interest in a joint-venture corporation that will own and operate the Redstone Mill, which has the capacity to process approximately 1,500 tonnes of ore-per-day. Gowest plans to use the Redstone Mill to process the ore from the bulk sample as well as to satisfy the rest of Company's anticipated future ore processing requirements.
Site Preparation
Construction of the site infrastructure is continuing on schedule, including construction of the maintenance shop. The water treatment plant design has been completed; and the plant is expected to be delivered early in the third calendar quarter. Meanwhile, the footprint for the ore sorting plant has been established and preparations for installation of the ore sorter are also continuing, including detailed engineering plans.
To view Figure 1, please visit the following link: https://media3.marketwire.com/docs/1098782_GOWEST.pdf
Financing
Gowest also announces that it has completed a non-brokered private placement of 4,347,826 "flow-through" common shares of the Corporation, at a price of $0.23 per Share, for aggregate gross proceeds of $999,999.08 (the "Offering").
The proceeds derived from the sale of the Shares will be used to fund the exploration work on the Company's North Timmins Gold Project and for general working capital purposes.
In connection with the Offering, the Corporation paid certain finders fees totalling $60,000 in cash and 130,435 non-transferable compensation warrants. Each compensation warrant entitles its holder to acquire one common share in the capital of the Company at a price of $0.23 per share for a period of two years after the closing date.
All of the securities issuable in connection with the Offering are subject to a four-month hold period pursuant to the applicable securities laws with an expiry date of November 7, 2017.
The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration Completion of the Offering is subject to receipt of TSX Venture Exchange approval.
Shares for Debt
Gowest announces that it intends to issue, subject to TSX Venture Exchange approval, an aggregate of 675,000 common shares to non-management directors and management of the Corporation, at a deemed price of $0.20 per share, as partial payment of fees owed to such directors and management in respect of the period from November 1, 2015 to January 31, 2017. The aggregate deemed value of the common shares to be issued is $135,000.00. The shares are being issued in lieu of cash in order to conserve the cash resources of the Company.
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 (Mineral Resources are inclusive of 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.