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Trader GWA I hear you. Greed and fear! IMO At this point, there are still a number of variables and Gowest is attempting some unconventional magic. The market isn't understanding. They need somebody with some credibility to get behind them and the project just doesn't fit large yet. Additionally, they is not a lot of finance money to be made here. This keeps the talking head loan shark gurus away as well. Im near sure their is a PR firm that will be out soon. I think the sector is a little lethargic as well and summer is near. For me, I feel very safe with the GWA value and progress. A lot of derisking steps coming soon. For now, money in the bank with low risk. In a few years they should be nearing mid tier status. Drill programs running as well. A few nice hits wont hurt either.
Gowest Gold at $50M Market Cap represents a great value
3 minute youtube of the production progress
Gowest Gold Begins Underground Drive ** LOL on the market Yawn**
5/25/2017 7:28:06 AM | Marketwired News
TORONTO, ONTARIO--(Marketwired - May 25, 2017) - Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA) is pleased to provide an update on its progress on the Company's Advanced Exploration - Bulk Sample program at its wholly-owned Bradshaw Gold Deposit ("Bradshaw").
Highlights:
Completed first blast and now developing main ramp towards Bradshaw Deposit
Completing upper level and initial stope definition drill program
Initiating final ore-sorting refinement with Steinert US
Advancing mill agreements with Northern Sun to own/operate the Redstone Mill
Greg Romain, Gowest's President said, "Very few junior exploration companies ever transition into a developer. However, through the dedication of our team, business partners, shareholders, First Nation Communities and the City of Timmins, Gowest is on its way to achieving our goal of becoming the next new gold mine in the Timmins Camp. We will continue to provide all of our stakeholders with timely updates as we move forward."
Update:
Following approximately three months of extensive surface preparation work, Gowest started underground development at the Bradshaw mine site on May 11, 2017, when the first blast was executed at the portal, which is located at the east side of the outcrop. As of yesterday, the Company has already driven the first 40 metres of the decline to the south in anticipation of reaching the first mineralized zone to begin the 30,000 tonne bulk sample. Crews have been working on the decline in two shifts since May 17.
The run of mine (ROM) ore will first be crushed and sent through a Dual Energy X-ray Transmission (DEXRT) ore sorting unit supplied by Steinert US, which is to be used to sharply reduce handling costs and increase gold grades of ore sent for processing.
Ongoing definition drilling continues to identify promising zones above areas previously defined in the Pre-Feasibility Study*.
As previously announced, the Company is continuing to advance discussions towards finalizing its non-binding letter of intent with Northern Sun Mining Corp. ("Northern Sun") relating to the creation of a 50/50 joint venture corporation that will own and operate the Redstone Mill. It is now anticipated that definitive documentation in respect of the transaction will be completed prior to closing the transaction in early July, well in advance of Gowest's need to begin processing the bulk sample material.
A recently completed brief video showing progress at the site is available at
Edge, for sure! I dont think there worried about the share price right now. Its going to take care of itself. Another thing we can figure is if they were looking to line their pockets, they would have set it at .16, even for the flow thru, and piled in.
Kozuh GWA, plus update. Your right, we got a 3% dilution for something I don't understand very well yet. What I do know about this mgt is, for the last 6 years, they are fiscally responsible, and running one of the tightest, lowest CAPEX starts up I have seen. They are focused on saving costs & making money. They have turned down tons of money while the insiders keep adding their own funds in the private placements. Frazier Elliott took over 1M shares at .19 yesterday, when he could have chipped away at the free traders and got them at .15 as I have been doing lately. I have some hours of seat time with him, all of them for that matter. As the other poster said, GWA mgt are class acts. They don't BS or pump and they know what they are doing as they have been quietly moving underground for a bit now with not a word. They are focused on being the next Timmins gold mine and their not going to sell us out for less than 1$.
I suspect the right time will come and they will start promoting or let the market do it as the progress unravels.
I dont have it figured out yet, but they are working on some other out of the box value added processing ideas as you can gleen from past press releases. Trust me, those ideas weren't fluff. The ore sorter, being delivered any day now, is going to be an eye opener. Dont be surprised to see an early press release where they pull gold from otherwise useless development ore.
As to the financing, shareholders always pay in some form. When you fix your house, you dilute your dollars? Did you increase or decrease your net worth is the important question. Knowing mgt is smarter than me, I trust they will be increasing the net worth of the future value of the shares. Keep in mind, the option that other companies chose was to borrow more up front at higher cost. Gowest chose just enough up front and are subsidising with lower cost capital as they go.
Checkmate28
Gowest Closes Private Placement
TORONTO, ONTARIO--(Marketwired - May 18, 2017) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Gowest Gold Ltd. ("Gowest" or the "Corporation") (TSX VENTURE:GWA) announced today that it has closed a non-brokered private placement of 10,423,684 "flow-through" common shares of the Corporation (the "Shares"), at a price of $0.19 per Share, for aggregate gross proceeds of $1,980,500 (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 $70,000 for finder's fees. Subscriptions by insiders of the Corporation accounted for $230,000 of the gross proceeds of the Offering. Participation by the insiders in the Offering is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") by virtue of the exemptions contained in Sections 5.5(b) and 5.7(1)(b) of MI 61-101.
GWA is a low-risk, high reward vehicle that I understand very well. Hitting the ore body, preparing for delivery, and the promotional period are all imminently near in my opinion.
Checkmate28
Please refrain from posting non informational posts here. Spam your stocks somewhere else. No one hear is paying attention to one liner or one minute shallow videos promoting stocks.
If you pay attention, posts here are original, thought out and informational. They are normally about stocks we have been discussing, as opposed to cut and paste one liners that offer nothing. If they are about new stocks, their is some personal time and DD put into an informational format.
ORV.T Qualify this time?
skillz If I take cash as one starting pic, and than trade that for a stock 3 days later, does that constitute as one of my monthly or wildcard trades ?
Luke Thats exactly what I was thinking. Were thinking alike here.
One thing for certain that most dont know. When China said it wants clean air, they were serious as a heart attack. The electric vehicle vehicle market is going to explode their by 2020. Those vehicles going to use a lot of batteries.
As to DNI, I think they will attack those markets you listed with a vengeance, when they have a qualified PRODUCTION READY NI-43 101 resource. The graphite space will be shocked, when DNI steps out with just that, in hand this year. That should be ready this year. DW is the man to get the job done. Additionally you can see where the lab would be a nice addition to help facilitate these result as well.
Good luck with your new project/endeavor
OMI Orosur Mining Solid company trading at near 1X cash flow when you back out the recent CAPEX for the new mine.
Have produced 1.4Moz since 1997
500K M&I Now
3 properties in South America
1.5Mtpd CIL Replacement value $100 - $150M
Producing about 2100tpd Capacity 4545tpd
Built and operated 20 mines since 1997 most self financed
H1 2017 AISC $1135 CF & 7.0m Cash $5.4m
Q3 YTD Cash costs $807 AISC $1184 CF $8.7m Cash $2.4M
Cash is down due to the CAPEX for the new mine that is basically completed
The company has No debt.
Been mining successfully in Uruguay at San Gregorio for 25 years. They operate and control the San Cristobel belt which is not a claim but an entire district that is very underexplored. - 120km in length. The potential to find more resources to feed the San Gregario mine is large, not to mention they are now mining in an area whereby they can dramatically increase the reserves as under the San Gregario Pitt is where most of the indicated and inferred resources exist and lets hope a good portion thereof can be converted from indicated to proven.
Just successfully built out an entire mine in 6 mths from the companys cash position and CF. Then cash flowed positive with $807 operating cash costs in Q317 their 1st quarter of operation. Should be even better next quarter. New mine running good, about 2gpt 60% Underground 40% pit
The wildcard is going to be the recently acquired Waymar Resources Ltd exploration project they acquired in Colombia 2014. Their starting to get busy their. Planning 15m - 30m drill program this year. Finalizing a geological model to make the plan forward and already has strong gold drill results. Just south of Continental Golds Buritica Project and another half dozen Heavy weight Gold Projects See pg 19 in the presentation. The project includes 2 fully permitted operating gypsum mines that the company will expand on as they drill out for gold. Ive spoken with the CEO and VP Corp development on the phone and at PDAC. They think their project is stronger than Red Eagles nearby project plus all infrastructure roads, elec is already there from the gypsum operation.
Q317 Results
http://www.stockhouse.com/news/press-releases/2017/04/03/orosur-mining-inc-q3-2017-results-operations-update-ytd-4-1m-profit-8-7m-cash
http://www.orosur.ca/files/2017-04-01-April-2017-Corporate-Presentation-FINAL.pdf
http://www.proactiveinvestors.co.uk/companies/stocktube/6735/orosur-mining-chief-pleased-with-incredibly-busy-first-half-6735.html
http://www.proactiveinvestors.co.uk/companies/news/172106/broker-slaps-big-price-upgrade-on-orosur-mining-172106.html
http://www.proactiveinvestors.co.uk/companies/news/175865/gold-production-up-as-orosur-switches-underground
My thesis is:
1) The risk is on the low side, as they can choose to pile Cash from San Gregorio as they expand.
2)There is substantial upside should they be successful in Columbia. CEO told me he thinks Anza is going to be a company maker.
3) I'll add that while Uruguay in not a hot jurisdiction, Colombia is very sexy. Good drill results along with CF from San Gregorio will move this sentiment more positive very fast along with making the shares, more liquid and more expensive.
Very illiquid now. Painful to get a position. I asked CEO why market cap share price is so low. Their answer was, share holders are upset as they have not promoted at all. Moving forward, they are going to change that esp as ANZA moves forward.
My style here. Find solid value with large upside. Move in early and wait, adding as they move forward successfully. Often Im in to early, requiring painful patience so be warned. I had no reason to rush putting this together for you guys as were still out front and Im extremely busy. Hope you find, its at least a very interesting story.
Checkmate28
Luke, A couple key takes I got here. First Shamokin Carbons is a US company. Its my understanding that the US car manufactures want the battery graphite sourced by a US company. Second, the 3 way partnership with Ashland for large volume, graphite, battery material. This might be part of the reason for the DNI financing, so they have funds to purchase the needed Graphite up front. I smell something nice cooking up in the background.
Shamokin Carbons and Great Lakes Graphite have also been working together on micronized natural flake graphite, for product development, product qualifications and initial product sales. The first commercial sale from this product line was to a customer based in Western Europe in early 2017. The order consisted of 400 kilograms of high quality natural flake graphite, sourced from Brazil and micronized by Shamokin in the United States.
The partners are working to put the systems and infrastructure in place to smoothly accommodate an increase in the manufacture of micronized synthetic and high quality natural flake graphite sourced from Brazil, as Great Lakes Graphite ramps up sales efforts and production requirements.
Great Lakes Graphite and Shamokin Carbons have also agreed to collaborate with Ashland Advanced Materials, LLC to prepare for large volume manufacture of graphite battery anode material.
Senior Vice President of Sales Mike Coscia said, "Working with Shamokin Carbons made it possible for Great Lakes Graphite to start fulfilling customer orders in 2016 and ending the year having worked together to sell 400 tons of synthetic graphite. We are fortunate to be working with a partner that has great industry experience and who shares our absolute commitment to quality and customer service."
Great Lakes Graphite Chief Executive Officer Paul Gorman added, "Having such a high quality partner with operating, ISO9001-certified facilities located in the United States provides us additional flexibility and advantages in a number of different areas, from logistics to risk mitigation. Shamokin is a great partner for us. With facilities producing well in excess of 100,000 tons per year of carbon products we will work together to achieve higher volumes than we originally anticipated and at a faster pace than originally anticipated in our plans."
Orvana Orv Hits it out of the park and their at the plate again. Going to be a repeat next couple Qs Nsomniyak CPTMatt Hope your celebrating with me. DrAir The market will buy Bolivia. Just needs a little convincing. Cash in the bank always does the trick. Hope you bought in.
They added $5 Million to the balance sheet this Q and have $14M in Cash. Ive been saying its ridiculously cheap and this Q spells it out along with the direction their headed. At a $30Million MC this company is cheap. Ive been buying this almost every week with a partial fill even today.
$5Million CF/Q annualized is $20 Million, and $5 Million per quarter is squat compared to what they are going to put out Q3 and Q4
Production increases were huge, costs and AISC down, grades and recoveries up. All relative to market cap of coarse. Another home run.
So much positive with this Q. Even with all this, it still might take another Q for the market to really get it. Lot of leverage to POG
https://web.tmxmoney.com/article.php?newsid=7184384287795213&qm_symbol=ORV
Fiscal Q2 2017 Results News Release from Orvana Minerals
ORVANA REPORTS IMPROVED SECOND QUARTER FINANCIAL RESULTS ON HIGHEST GOLD PRODUCTION SINCE 2014
05/03/2017
TSX:ORV
Second Quarter 2017 achievements:
Gold production increase of 31% from Q1 2017 to 20,513 ounces;
Gold equivalent production of approximately 27,683 ounces during Q2 2017;
On track to meet fiscal 2017 cost and production guidance;
Consolidated Q2 COC of $993 per ounce, a decrease of 21% vs. Q1 2017;
Gross margin improves by $6.9 million quarter over quarter; EBITDA up by $8.1 million;
Don Mario carbon-in-leach circuit complete; first dor sale made in March 2017
TORONTO, May 3, 2017 /CNW/- Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") announced today financial and operational results for the second quarter of fiscal 2017 ("Q2 2017"). The Company is also providing financial and operational results for its El Valle and Carls Mines (collectively, "El Valle") operations in northern Spain and for its Don Mario Mine in Bolivia.
The unaudited condensed interim consolidated financial statements for Q2 2017 and Management's Discussion and Analysis related thereto are available on SEDAR and on the Company's website at www.orvana.com.
Q2 2017 Highlights
The Company's strategy to increase production at its operations targets productivity enhancements to allow for delivery of greater throughput, increased gold recovery and lower unitary costs. The Company is pleased to report the following positive developments in the second quarter as follows:
El Valle – Sustained productivity improvements delivering higher gold and copper production:
The daily mill throughput rates achieved during the first quarter were sustained during the second quarter, supported by continued mining productivity increases.
The amended explosives permit required by Carls mine was received in February 2017, allowing Carls mine to improve its monthly production rate by over 130% in March 2017.
Greater mine plan flexibility supported by improved development and backfill rates allowed El Valle to realize higher ore grades mined. Gold and copper production during the second quarter increased by 11% and 77%, respectively, as compared to the first quarter.
Don Mario – CIL re-commissioning completed, immediately increasing gold production:
The re-commissioning of the carbon-in-leach ("CIL") circuit was completed in January 2017. March 2017 gold recoveries of 86% exceeded the targeted average gold recovery of 80%, up from an average gold recovery rate of 55% using the prior flotation process.
Gold production at Don Mario improved by 73% compared to the first quarter of fiscal 2017.
Dor refining and sales agreements were finalized, and first sale under these agreements was made in March 2017.
Realized reductions in unitary costs and improved financial performance:
Enabled by the productivity increases above, consolidated cash operating cost per ounce of gold sold fell to $993 per ounce, compared with $1,258 per ounce in the first quarter of fiscal 2017.
Revenue increased 35% to $31.7 million in the second quarter, compared with the first quarter of fiscal 2017; gross margin improved by $6.9 million and EBITDA improved by $8.1 million over the same period.
Consolidated cash balance increased from $9.5 million at December 31, 2016 to $14.2 million at March 31, 2017.
"The milestones we have reached at both El Valle and Don Mario this quarter have positioned Orvana well for the remainder of fiscal 2017 and beyond," said Jim Gilbert, Chairman and CEO of Orvana. "At Don Mario, the successful completion of the CIL project has provided an immediate improvement to our gold production profile and provides a platform for us to pursue various life extension opportunities in our area of influence. At El Valle, continued improvements in our development results have now added substantial flexibility to our mine planning and production capabilities, which – supported by improved production from the Carls Mine and consistent performance of the plant at nameplate of 2,000 tonnes per day and above – will allow us to sustain production at rates significantly higher than those historically realized. We look forward to reporting Orvana's further progress through the remainder of the year."
Strategy and Outlook
The Company's most important objectives through fiscal 2017 and beyond are to increase productivity rates at both its operations and to extend the mine life of Don Mario Mine beyond fiscal 2018.
El Valle:
At El Valle, the Company's current objective is to continue to work towards achieving a sustained mill throughput rate of 2,000 tonnes per day. To achieve this, the Company plans to execute on the following:
Ongoing development to increase access to higher grade oxide zones in El Valle Mine, continuing to improve oxide production in the second half of fiscal 2017.
Sustaining the recent increase in mining production rate from the Carls Mine, enabled by the recently received amended explosives permit.
Continuing improvement and maintenance of targeted backfill and development rates, adding greater flexibility to the mine's production activities.
Don Mario:
At Don Mario, the Company has now completed the re-commissioning of the CIL circuit. Average gold recoveries exceeded the Company's target of 80% in March 2017 and are expected to be sustained above 80% through the remainder of fiscal 2017.
The combination of the higher gold grade LMZ ore and improved recovery rates are expected to enable Don Mario to generate free cash flow and repay the BISA Loan in full by the end of fiscal 2017.
The Company is also expecting to increase mine life at Don Mario through the processing of 2.2 million tonnes of oxide stockpiles with an average estimated gold grade of 1.84 g/t. Initial testing results received during Q2 2017 have yielded positive indications, and the Company expects to carry out larger scale tests in the coming months.
The CIL circuit will support the Company's objective of extending mine life at Don Mario, as the enhanced processing capabilities of the CIL circuit facilitate pursuit of other known opportunities, including mining from the Cerro Felix and Las Tojas areas close to the existing mine, as well as potential tailings reprocessing.
While maintaining its focus on optimizing current operations, the Company will also evaluate strategic alternatives that could accelerate the growth of the Company.
FY 2017 Production and Cost Guidance
YTD 2017
Actual
FY 2017
Guidance
El Valle Mine Production
Gold (oz)
22,640
50,000 – 55,000
Copper (million lbs)
2.4
6.0 – 6.5
Silver (oz)
80,401
170,000 – 200,000
Don Mario Mine Production
Gold (oz)
13,572
35,000 – 40,000
Copper (million lbs)
4.1
7.0 – 7.5
Silver (oz)
94,364
130,000 – 150,000
Total Production
Gold (oz)
36,212
85,000 – 95,000
Copper (million lbs)
6.5
13.0 – 14.0
Silver (oz)
174,765
300,000 – 350,000
Total capital expenditures
$12,220
$27,000 – $30,000
Cash operating costs (by-product) ($/oz) gold (1)
$1,099
$1,050 – $1,150
All-in sustaining costs (by-product) ($/oz) gold (1)
$1,422
$1,300 – $1,400
(1)
FY2017 guidance assumptions for COC and AISC include by-product commodity prices of $2.00 per pound of copper and $18.00 per ounce of silver and an average Euro to US Dollar exchange of 1.12.
Trader I hear you on that. Bob Moriarty has recently said, he thinks we COULD see a dip in the summer into the 1100's Im hoping to meet up with him soon this year. Thats going to be a highlight for me.
Not going to keep me away, as to be out on the bump up, could be even more painful. There is no doubt that the longer term sentiment is up in a big way.
Im going to call Gowest up personally and vote my shares to get that portal blasted this week!
Trader Re GWA
You said
That's always the problem, these stocks never trade on their own.
I would say, less liquid stocks are more easily influenced and that the development period is often quiet.
Whats going to happen as they get underground and find and ship gold? Its around the corner. I dont see anything that can take the stock down other than a large drop in the price of gold. Still unknown story but that going to change. They should have a PR strategy in motion soon.
GORO Earnings breakout. .08 per share earnings annualized is .32/shr
Thats a good quarter and it should get better from here.
conference call tomorrow at 11AM EST
US/CAN Toll Free: 888-632-3381
International Toll: 785-424-1678
Passcode: 624759
http://www.stockhouse.com/news/press-releases/2017/05/02/gold-resource-corporation-reports-first-quarter-net-income-of-4-4-million-or-0
Q1 2017 HIGHLIGHTS
6,747 gold ounces produced
427,890 silver ounces produced
$24.3 million net sales
$4.4 million net income, or $0.08 per share
$263 total cash cost per gold equivalent ounce sold (after by-product credits)
$744 total all-in sustaining cost per precious metal gold equivalent ounce sold
$9.4 million by-product credits, or $717 per precious metal gold ounce sold
$0.3 million dividend distributions, or $0.005 per share for quarter
DNI DMNKF Just out! Anyone looking to understand the DNI company plan, graphite, and why I like this company so much, should have a listen here. About 38 minutes and a nice summary.
Dr Air Re GORO Great point to highlight the 40% bump in 2017 price of Zn to add $10 M excess cash for 2017. One of the many reasons that GORO is grossly undervalued and misunderstood. Ive been over weighted in the polymetallic miners since the end of 2015
Add to that the increased gold ounces coming from 3 near term new sources,
factor in the decreased costs coming as they process the new trucked in high grade Alta Gracia ore, plus reduced costs at Arista, as they reduce development orr dilutions and finish all the mine stopes.
factor in the forced selling coming in from the rebalance, during a time of lower gold miner sentiment and you have a classic no brainer undervaluation.
Luke You do some impressive homework and presentations. Your welcome to get the colonoscope out, and check out all my ideas with the vigor you have for DNI! Im sure the rest ot the board feels the same way.
As to the GORO rebalance date. All the selling will be finished well before the rebalance date. For us, its a matter of timing the low. The dreadful volume GORO has had, is telling me buyers are on the sidelines. The fund will have to dump no matter what, so I expect some volatility as they swoop down to scoop the bids from time to time. Put your stink bid in. Not sure where support is but it just might test the 52 week low. Don't get too greedy as the value is there and its sure to bounce when the rebalance selling pressure is finished.
Checkmate28
Dr Air Just catching up, after a weekend out in the boonies installing docks with no data feed. Looks like the boards been active and the GORO rebalance cost me the Pic 3 contest while I was out.
For mining feeds, I view the Northern Miner news feeds a few times a day. When comparing the two side by side, it seems the baystreet list is more inclusive. This is another option
http://www.northernminer.com/press-releases/
Luke Thanks for the good info on DNI. Remember were all friends here just sharing information and voicing concerns. DNI's a small company, still ironing things out. In the name of being covert, DNI wasn't clear with the purpose for the financing.
beigledog, DNI - I hear you and we all know this is not Barrick Gold. This is a speculation on a small fast moving company with what I think has excellent vision, management and an undervalued MC. Stay with me and let me lay this out! You'll at least find it very interesting. Science included.
This is positively not a bs'ing company looking to pay salaries and print shares. Dan Weir was on the other end putting financing deals together for mining companies for 25years, he has also lived in Brazil where the largest current graphite producer comes from (saprolite Ill add) He has an all star cast surrounding him, Kieth Minty, John Carter built 3 graphite plants, forget it, I just copied and pasted the all star cast below. Ask yourself why would an all star cast of this caliber line up with DNI? Bob Moriarty, one of the sharpest in the business for common sense IMO, almost fell off his chair when he processed DNI. Why is Bob M so geeked? I might of had something to do with that :) IMO to pic a stock thats primed for a big move, you have to see something everyone else doesn't, you might have to wait, but you have to be right. Sometimes it clear as day, but mud to everyone else. DNI at a MC of $2.5 is a freakin steal!
Beigledog, Its easily possible an acquisition could improve their odds of developing their graphite mine and than some, here's how. It was hard for me to say much before, but I'm cleared to say this now. DNI is working on acquiring a couple near vicinity strategic properties and working with a couple strategic partners to put this all together. This would make them an area play in one of the lowest cost, highest grade graphite/quality resource areas anywhere, and also set them up with the lowest CAPEX and lowest OPEX in the space. Realize also, they might need a certain scale to land a certain size off take they are looking for or need an economy of scale for processing. You or anyone will do well to call Dan Weir for details. He offered his cell 416-720-0754
Realize also, that hard rock Canadian graphite companies, which is all of them, will never get to production due to high OPEX/CAPEX setups and that there is 10 times more graphite in any energy holding device-battery than Lithium. Clean energy and electric cars will all need graphite saturated batteries. Currently electric car batteries use synthetic graphite. Its also a fact that natural graphite when processed correctly, is much cleaner, costs less and is cleaner than synthetic. See below with link Think about the lab you sometimes here me talk about when you read the following
http://batteryuniversity.com/learn/article/bu_309_graphite
In 2015, the media predicted heavy demand for graphite to satisfy the growth of Li-ion batteries used in electric vehicles. Speculation arose that graphite could be in short supply because a large EV battery requires about 25kg (55 lb) of graphite for the Li-ion anode. Although price and consumption has been lackluster, there are indications that the demand is tightening. Manufacturers preferred synthetic graphite because of its superior consistency and purity to natural graphite. This is changing and with modern chemical purification processes and thermal treatment, natural graphite achieves a purity of 99.9 percent compared to 99.0 percent for the synthetic equivalent.
Purified natural flake graphite has a higher crystalline structure and offers better electrical and thermal conductivity than synthetic material. Switching to natural graphite will lower production cost with same or better Li-ion performance. Synthetic graphite for Li-ion sells for around US $10,000 per ton whereas spherical graphite made from natural flake sells for US $7,000 (2015 prices).
Unprocessed natural graphite is much cheaper, and besides cost, natural graphite is more environmentally friendly than synthetic graphite; it also forms the base for graphene, a scientist’s dream
DNI All star cast.
Daniel J. Weir
Chairman, CEO , President, Secretary and Director
Dan has worked for over 20 years at some of the top financial firms in Canada. He worked as an Institutional Equity Trader, and as a broker he managed over $500 million. Before joining DNI in November 2014, he was the Head of Institutional Sales at a boutique firm focused on financing Mining companies. Having raised millions of dollars, both public and privately, Mr. Weir has expertise at evaluating and financing mining deals. Dan has managed large high tech electrical and energy management projects, having put himself through University as an Electrician. Dan graduated from University of Toronto.
Paul L. Hart, MBA, CPA, CA
Director
Paul is a seasoned finance and operations executive with experience in the C-Suite, most recently as Chief Financial Officer and Corporate Secretary for Electrovaya Inc., a Lithium Ion Battery manufacturer based in Mississauga, Ontario, Canada. In addition to his experience in clean-technology, he has held senior financial roles with public companies (TSX, NASDAQ) in the software, internet and financial services industries where he has been responsible for strategic planning, corporate governance, finance and operations, mergers and acquisitions and capital markets in North America and Europe.
Dr. Ravi B. Gopal
Director
Ravi holds a Bachelor’s degree in Electronics and Controls and a Ph.D. in Physics and Instrumentation. He is a seasoned technology executive with a strong combination of technology and business development skills. Ravi has spent the past 25 years in clean energy technologies such as hydrogen, fuel cells and Lithium Ion batteries. Prior to founding PACEAS (www.paceas.com), a company driven by a vision to help accelerate the shift towards a sustainable environment and clean energy technologies, Ravi was the Vice President of Applications Development at Hydrogenics Corporation (NASDAQ: HYGS, TSX: HYG). Hydrogenics is a fuel cell manufacturer, based in Canada.
Keith Minty, P.Eng. MBA
Director
Keith has more than 30 years professional experience in mineral resource exploration and development in precious and base metals, industrial minerals. Mr. Minty obtained extensive graphite technical and operating experience at both North Coast Industries (now Northern Graphite Corporation) Bissett Creek Graphite and Cal Graphite Corporation (now Ontario Graphite Inc.) Kearney graphite mine and has experience of in the development of several past and new Sri Lanka graphite projects. Mr. Minty has had the opportunity of conducting Madagascar precious metals project valuations and is knowledgeable of the political and social requirements associated with Madagascar project development and operations.
Raymond E. Mitchell
Director
Ray Joined the Company in June, 2007, and has over 30 years of experience as a chartered accountant and senior executive. Mr. Mitchell has previously served as Senior Vice President and Chief Financial Officer for the Canadian Depository for Securities (CDS). During his 24 year career with CDS, he undertook a variety of senior roles, including Executive Oversight of the development of SEDAR. Prior to CDS, Mr. Mitchell was responsible for a variety of financial functions for a large Canadian trust company. He currently serves as CFO of Latin American Minerals (LAT-V).
Steven Goertz
MAIG, MAusIMM – Country Manager - Madagascar
Mr. Goertz is the Principal of Hendry Consulting, a consultancy group servicing the resources and business sectors and is based in Madagascar’s Capital City, Antananarivo. A (Canadian / Australian) geologist and investor with over 30 years’ experience in various countries, Mr. Goertz has been based full-time in Madagascar since early 2007. During this period, he has developed an extensive local contact network of professional and administrative personnel within Madagascar’s government and business communities.
Peter Eriksson
Country Manager - Brazil
Mr. Eriksson is the Managing Director of SR Brazil., in Belo Horizonte, Brazil. He has lived in Brazil since 1993, and is fluent in Portuguese and English. Prior to moving to Brazil from Canada, Mr. Eriksson was the VP Business Development at Longview Capital. He has over 18 years in the natural resource industry. He managed a very successful Brazilian Import/Export Business.
John Carter
Process Engineer - Special Advisor
Has over 35 years experience in the metals and mining industries. Mr. Carter specializes in the engineering design and manufacturing of mineral processing equipment for mining operations and operators such as Timcal Inc., currently the largest natural graphite mining company in North America. Recently Mr. Carter served as Vice President of Engineering at Saint Jean Carbon, and VP Operations at Canada Carbon both junior mining companies.
John has built over 200 mineral processing plants around the world, including 3 graphite processing plants.
John Gillett
H.B.Sc. Geology, M.C.S.E. – Information Manager
Mr. Gillett has been involved in DNI’s Alberta Projects since 2008, and previously during the 1990’s. From 2003 to 2008 Mr. Gillett worked on DNI’s Utah, Nevada, and Arizona Projects. The Kiewit Gold Project 0.5% royalty is one of the Utah Projects.
DNI DMNKF is nearly next door to Energizer Resources (renamed to Next Source ticker NEXT) DNI is permitted and drilling now 40KM from a port, plus are profitably wholesaling graphite to customers now, while EnergizerNEXT has been trying to get permitted for a number of years. DNI resource is Saprolitic whereas NEXT is not.
NEXT has a MC of about $40 M, DNI has a MC of about $2.6M
My calculator shows that NEXT has a market cap that is 15 times greater than DNI's. If DNI proves up a qualified large ton, high grade, high % large flake resource, that is large enough to support a 15,000 tonne/year graphite mine for many years like NEXT proposes... What do you think could/would happen to the DNI share price at that point???
Another comp. Sovereign Metals an Aussie company just put out its maiden graphite resource that is Saprolitic like DNI. tHEIR TRADING AT A $25M MC and popped on the resource announcement.
http://sovereignmetals.com.au/investors/
http://www.miningnews.net/exploration/resources/sovereign-graphite-resource-largest-in-saprolite/
Its my speculation that DNI Market Cap will rise in multiples of 100% while NEXT will still be talking about their great asset and plans for permitting and building a mine.
As to the financing that Traderfan asked about. They are raising $2.5 Million. I believe it will be an accretive financing to fund an acquisition. I trust management here, buts thats something I am comfortable with. Bob Moriarty was geeked when he heard the story and spoke with the company. He bought the shares and is taking a piece of the financing. The shares count will move to 80 M and still have a very small market cap. All the parts arn't clear yet, but the potential for a hard move up is there with low downside risk IMO.
What do I think? I think they will be trading much higher in a few months after they drill off an impressive resource, followed by a PEA study and some type of acquisition from the financing that greatly improves the story. The market cap would need to be in the $20M area IMO
Checkmate28 JMHO
Checkmate 90 day 2 bagger list. Funny but I believe it!
ORV ORVMF Orvana Minerals The cheapest producer on the planet except maybe for ORO Orosur Mining in South America. Adding today and their selling at .22 Great entry. Next Q going to be an eye opener.
ORO Orosur Mining Trading at near cash and planning a Columbia permitted brownfield drill program that should be a steller story when it breaks IMO
Really deep interesting company here. Good buy at .26
GWA Gowest Ready to start putting out the news and severely under appreciated. Good buy at .17
GORO Screaming buy anywhere near $3.50 on the Russel fund rebalance sell off. 2018 going to be a screaming year but were going to get something this year.
DNI Metals Just watch it go. Good buy at .070
http://thecse.com/en/listings/mining/dni-metals-inc
http://www.streetwisereports.com/pub/na/dni-delivers-profitable-graphite
Perseus Mining PRU PMNXF Cheap today at .32 Great mid/long term hold for a future 500k self funding miner trading under $350M MC
ORV ORVMF Orvana Numbers out!! Just like Ive been posting. Production numbers up, recoveries up, grades up, costs down at both mines. They didn't hit the stride until the end of the quarter but wait until next quarter when the whole benefit hits. All the above plus outflowing CAPEX goes down, causing the cash position to increase substantially. Add that they are near finished paying down their loan as well and you have a nice comp coming up next quarter.You can still buy this at an EV somewhere near $20M. Orvana is undervalued by hundreds of percent IMO. Great job Orvana!!
ORVANA REPORTS INCREASED GOLD PRODUCTION FOR Q2 2017
04/20/2017
TSX:ORV
TORONTO, April 20, 2017 /CNW/ - 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 second quarter of fiscal 2017 ("Q2 2017").
Consolidated gold equivalent production of 27,683 ounces in Q2 2017 representing an increase of 14% compared to Q1 2017;
On track to meet fiscal 2017 production guidance;
Highest consolidated quarterly gold production since quarter ended December 31, 2014;
El Valle gold and copper production increased by 11% and 77% compared to Q1 2017, respectively, due to higher grades;
Don Mario gold production increased by 73% compared to Q1 2017, primarily due to higher realized recoveries from the re-commissioned carbon-in-leach circuit ("CIL Circuit"). Targeted gold recovery of 80% reached by the end of Q2 2017.
Production Highlights
Jim Gilbert, Chairman and CEO, stated, "We are pleased with the improving production results at both of our operations this quarter. The major investments we have made into the operations are now beginning to yield increased gold and gold equivalent production. With the successful implementation of the CIL Circuit at Don Mario we have achieved a significant increase in gold production. At El Valle, the results from the continuing underground development program, together with the supplementary ore from Carlés Mine, are beginning to demonstrate the potential of this operation with sustained higher mill throughput rates compared to prior years. We look forward to further progress in this regard over the remainder of fiscal 2017."
Production – El Valle Mine
The El Valle and Carlés Mines produced 11,917 ounces of gold in Q2 2017, an increase of 11% compared to 10,723 ounces of gold produced in Q1 2017.
The increased production was primarily due to a higher average gold grade of 2.60 g/t in Q2 2017 versus 2.23 g/t in Q1 2017.
Copper production in Q2 2017 was 1.5 million pounds, compared to 0.8 million pounds in Q1 2017. This 77% increase in copper production was attributed to both higher copper grade in the ore processed and metallurgical recovery in the mill.
Daily milled tonnes in Q2 2017 was 1,844 tonnes per day ("tpd"), slightly lower than 1,855 tpd in Q1 2017. The plant at El Valle continues to work towards consistently achieving a targeted daily mill throughput rate of 2,000 tpd. Ore availability from the Carlés Mine is expected to increase through the second half of fiscal 2017, thereby improving processing rates at the mill. The required amended explosives permit expected to be received during Q1 2017 was received in February 2017.
Production – Don Mario Mine
In Q2 2017, Don Mario completed the re-commissioning and ramp up of the CIL Circuit. This resulted in gold production of 8,596 ounces, an increase of 73% compared to 4,976 ounces of gold produced in Q1 2017.
The increased gold production was primarily due to a higher average gold recovery of 71.1% in Q2 2017 versus 50.2% in Q1 2017. Gold production was also positively impacted by a planned higher gold grade of 2.50 g/t in Q2 2017 versus 1.73 g/t in Q1 2017. During March 2017, Don Mario exceeded targeted gold recovery of 80%.
Copper production in Q2 2017 was 1.4 million pounds, compared to 2.7 million pounds in Q1 2017. The decrease in production was a result of the planned transition to process the higher gold grade and lower copper grade ore from the Lower Mineralized Zone.
About Orvana
bbotcs LOL Ill rob the kids piggy bank on that day. I noticed the low volume today. I think the buyers are aware that there might be better days to buy coming. I noticed for a week, they swooped down to fill my low ball bid 3 times.
Just wish I would have know the news earlier. I bit twice at $4.25 last week thinking I was stealing it, and once this week at 3.98
LOL rrten No my $10K buys here and there arent even going to move the meter.
Off Topic db7 from your PM message since I cant answer the PM. See the message link you sent me on GORO, scroll down to 6th from last company on table 2 and you will see them. I have other info from BMO capital showing them having to liquidate 4.5 M shares for the rebalance. Near 8% on the OS. Thats a lot of pressure.
Yes HB, They will be in a position to make that choice from the 3 options but with Capital expenses down on the other fronts they will be in a position to use option 1. Cash from the Company treasury as well as cash provided from daily Mexico operations
GORO As a long term, investment, here is one of the things that motivates me. They have made a commitment to shareholders that they will pay 1/3 of their earnings back to shareholders. This makes sense and is believable to me for 2 reasons.
1) Their track record. They were paying a sector leading yield for several quarters
2) Insiders own a lot of shares, therefore they have a lot of motivation to be fiscally conservative and pay out divys.
Now if they paid .72 in a year before, why cant they pay more once they are in that position. More ounces of production and higher gold prices. $1/share in divys will pay you 25% yield on your cost basis for the shares you buy today near $4. When their profits/divys go up, I think GORO will rocket
Honestlybusy I posted this on another site.
GORO My company report
Mexico
The Arista vein system remains strong and will continue to pull the rope and support all GORO operations for years to come, including mine costs, capital costs, exploration costs, dividends and even earnings.
Switchback mine was born 500 meters from Arista. They are hollowing out stopes for a year now, and could add meaningful production now if they wanted, but the plan, is to keep working the underground, to provide optionality for the future. The Switchback mine will be larger than the Aurista mine thats carried GORO all these years, and remember, the Aurista mine has a long way to go.
Alta Gracia, Currently they are intermittently pulling trucks with new material from Alta Gracia to the new CIL open pit. It should be any day, where the frequency of these trucks becomes daily, and provides meaningful additions to production. This is new high grade low cost additional production from a pit they were not using.
Four other mines in the hopper here we dont even hear about.
USA Nevada
Isabella Pearl should have the green light for production this year and add new high grade 2gpt, low cost production, starting q1 or q2 2018. This should add to around 50k additional ounces.
They will use these revenues to fund 3 other high grade heap leach mines to potential production.
All these properties are in close proximity so as to share production facilities.
Now all the above happened or could happen with no dilution or loans and directly from cash flow. At one point GORO paid .72/year in dividends. The above production with a better price for gold points to more than .72 in the future. That could be a juicy yield and price appreciation for the shares with what I see as very little risk.
Dont know why I posted this, but it just flowed out after a conversation with the company. This my friends, is a summary of the GORO operation, why I like and own it. For the short term, I could care less what it does. Not going to change the 2018 future one bit. Matter of fact I hopes it drops to $3
They do things a little different at GORO. Instead of taking on big loans, pushing big production with dilution, giving away a portion of production to the banks, they move slower, thereby keeping costs down and all the rewards to the shareholders. I think we will always see as shareholders, 1/3 of the profits in the form of divys and I think bigger profits are around the corner. This self financing, is the reason they dont get much analyst coverage.
Checkmate28 JMHO
Re GORO MC is extremely low. No red flags that I know of. Sometimes move a little slow without outside financing, but better than dilution and reverse splits like your reading on the other companies. LC here should have some negatives, but Ill put my money on GORO shining bright in 2018 and a slow bleed up this year as smart money investors take their positions. The boring company rebuild is keeping away the excitement this past couple years, but their near about to cash it in, for increased production and decreased costs in a big way.
One thing I forgot to mention is the building out of the power lines. I think its supposed to save $6M/year in costs when its done. Thats .10/share in earnings. The scoop is they have all the property they need except for 2 hold outs and they developed a plan to go around those 2 areas and through the city area. Now thats a ways off but still a catalyst. These shares traded at $31 at one point from the Arista mine alone. If the $6 M power savings is wrong I'll come back and let you know.
Checkmate28
GORO My company report
Mexico
The Arista vein system remains strong and will continue to pull the rope and support all GORO operations for years to come, including mine costs, capital costs, exploration costs, dividends and even earnings.
Switchback mine was born 500 meters from Arista. They are hollowing out stopes for a year now, and could add meaningful production now if they wanted, but the plan, is to keep working the underground, to provide optionality for the future. The Switchback mine will be larger than the Aurista mine thats carried GORO all these years, and remember, the Aurista mine has a long way to go.
Alta Gracia, Currently they are intermittently pulling trucks with new material from Alta Gracia to the new CIL open pit. It should be any day, where the frequency of these trucks becomes daily, and provides meaningful additions to production. This is new high grade low cost additional production from a pit they were not using.
Four other mines in the hopper here we dont even hear about.
USA Nevada
Isabella Pearl should have the green light for production this year and add new high grade 2gpt, low cost production, starting q1 or q2 2018. This should add to around 50k additional ounces.
They will use these revenues to fund 3 other high grade heap leach mines to potential production.
All these properties are in close proximity so as to share production facilities.
Now all the above happened or could happen with no dilution or loans and directly from cash flow. At one point GORO paid .72/year in dividends. The above production with a better price for gold points to more than .72 in the future. That could be a juicy yield and price appreciation for the shares with what I see as very little risk.
Dont know why I posted this, but it just flowed out after a conversation with the company. This my friends, is a summary of the GORO operation, why I like and own it. For the short term, I could care less what it does. Not going to change the 2018 future one bit. Matter of fact I hopes it drops to $3
They do things a little different at GORO. Instead of taking on big loans, pushing big production with dilution, giving away a portion of production to the banks, they move slower, thereby keeping costs down and all the rewards to the shareholders. I think we will always see as shareholders, 1/3 of the profits in the form of divys and I think bigger profits are around the corner. This self financing, is the reason they dont get much analyst coverage.
Checkmate28 JMHO
Yes GORO in particular will be selling off about 8% of their outstanding. Anyone else sees any large values created from these other companies selling off, let us know. In GOROs case, most all their news, points to a huge boost in production/cash flow quarters 1 and 2 of 2018 Not soon enough to create much demand. They may take it in the chin hard one day if their is not enough demand to buy the shares before the rebalance.
This is going to make for some interesting situations across the entire current GDXJ component companies.
Popular Gold Miner ETF To Change Dramatically
April 17, 2017 Might be a time to raise some cash while looking for huge divergences from the norm on some of these selling off.
SUMIT ROY
Earlier this week, ETF.com reported that the VanEck Vectors Junior Gold Miners ETF (GDXJ) may have become too big for its index, the MVIS Global Junior Gold Miners Index. The $5.4 billion exchange-traded fund owns giant positions in its underlying holdings, putting it at risk of violating certain Canadian and U.S. regulatory thresholds.
To avoid crossing those thresholds, the ETF bought up stocks of companies that aren't in its index?creating a significant divergence between the ETF components and the index components. On Thursday, VanEck (which runs both the ETF and index) acknowledged the divergence by announcing it would broaden the scope of the index and include many more gold miner stocks in the portfolio at the next rebalance date.
Dramatic Transformation For GDXJ
According to a press release from the firm, starting on June 17, "companies ranking between 60% and 98% (currently: between 80% and 98%) of the full market capitalization [of the investable gold miner universe] qualify for inclusion in the MVIS Global Junior Gold Miners Index."
Translated into market-capitalization terms, that means the market-cap range for new index components may expand from $75 million - $1.6 billion to $75 million - $2.9 billion, according to a Scotiabank report published on Thursday.
The changes to the index will result in a dramatic transformation of GDXJ's portfolio. Scotiabank estimates that, after the changes, there could be 23 new additions to the index (four of which are already in the ETF). Those 23 new additions could represent 60.8% of the new index portfolio.
To fund the buying of the new index additions, the existing index components will likely face steep selling. The Scotiabank report says that GDXJ "could have to sell $2.6B across existing index constituents," which represents "2.5% to 8% of the total shares outstanding of each existing index constituent."
Given the large amount of selling anticipated in its current holdings, GDXJ dropped notably on Thursday even as gold prices climbed to a five-month high. The ETF fell by 3.5%, compared to a 1% gain for spot gold and a 0.1% loss for the larger VanEck Vectors Gold Miners ETF (GDX).
Growing Market Cap
The changes to GDXJ and its underlying index are a reflection of the constraints faced by a large, rapidly growing ETF that invests in a relatively small, niche area of the market. For the time being, the broadening of the index will help the ETF remain sufficiently diversified, even if new money continues to pour into the fund.
However, the downside of the changes is that GDXJ has moved up the scale in terms of market cap, reducing the exposure it offers to the smallest junior gold miners. If the fund continues to grow and again faces issues with concentrated positions, it may have to broaden the index once more.
As Scotiabank points out, the GDXJ universe was first expanded in December 2014, when the ETF faced similar problems. The broadening of the index at the time increased the ETF's market-cap range from $95 million - $448 million to $95 million - $995 million.
The GDXJ is Rebalancing again. To remedy this they GDXJ are going to add 18 new companies in June. To do this, they are going to sell 50% of the shares of each or all of the current companies.
For example, GORO Gold Resources I was able to add under $4 today as they are one of the current companies. For GORO it works out to 4.5 million shares being dumped from the GDXJ, in the market over the coarse of the next couple weeks.
http://www.cnbc.com/2017/04/12/how-an-etf-gets-too-big-for-its-index.html
https://www.bloomberg.com/news/articles/2017-04-13/vaneck-s-junior-gold-miner-etf-seen-rebalancing-as-assets-soar
GORO The GDXJ is Rebalancing again. To remedy this they GDXJ are going to add 18 new companies in June. To do this, they are going to sell 50% of the shares of each or all of the current companies.
For example, GORO Gold Resources I was able to add under $4 today as they are one of the current companies. For GORO it works out to 4.5 million shares being dumped in the market over the coarse of the next couple weeks.
Rebalancing doesnt matter to me. I have no plans of selling GORO this spring, the company fundamentally is adding value and there for should be trading higher. Ill buy the miss matched value and watch it pop back after the rebalance is done. A 50% move takes them to $6.
http://www.cnbc.com/2017/04/12/how-an-etf-gets-too-big-for-its-index.html
https://www.bloomberg.com/news/articles/2017-04-13/vaneck-s-junior-gold-miner-etf-seen-rebalancing-as-assets-soar
I have something more specific from BMO but cannot post it nor find it on the web
Memories clearing up. We had over 1 million traded on the CSE few weeks ago.
Luke I could be wrong but I think we had a million shares traded one day