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cl001, you left nary a stone unturned with your charts, awesome work, much appreaciated and what an awesome list!
A few omissions I'd like to see added:
Silver
SILVER EAGLE MINES INC (SEG:TSX)
DIA BRAS EXPLORATION (DIB:TSX-V)
IMPACT SILVER CORP (IPT:TSX-V)
FIRST MAJESTIC SILVER CP (FR:TSX)
Copper
COPPER FOX METALS INC (CUU:TSX-V)
Moly
TTM RESOURCES INC (TTQ:TSX-V)
TENAJON RESOURCES CORP (TJS:TSX-V)
Nickel
BENTON RESOURCES CORP (BTC:TSX-V)
GOLDEN CHALICE RESOURCES (GCR:TSX-V)
Cobalt
Geovic Mining Corp (GMC:TSX)
Gold, Silver, Other Metals
COLIBRI RESOURCE CORP (CBI:TSX-V)
CANASIL RESOURCES INC (CLZ:TSX-V)
Also, what about some REE (Rare Earth Element) Miners, any interest there, I have a few I could list?
Thanks,
sp71
ebay, I would pick Gold-Ore out of that small group, I believe they have a good long term approach.
ebay, a few that haven't already been mentioned:
San Gold, VanGold, Gold-Ore, Northern Star Mining, Central Sun Mining.
matt, you found a good writer in Jim Willie. He has his own website (goldenjackass.com).
I'm watching nrds.pk too Bob, it's at .89, it's sitting on a long term support line right now, if it breaks below, could be a decent drop here, I will accumulate.
Anyone else bidding Goro at the $3.50 level? That 50 cents below the last PP, right? Seems like a good buy here.
BQI (Oilsands Quest) really running up this week, any thoughts as to what is going on?
Thanks,
sp71
and to think I have BTT for Uranium, lol.
TC seems to be following the $SPX quite closely lately, especially the last month. Since I feel $SPX will go down to at least 1220 or lower, I'm holding out on TC as well.
$4, I'll take that. Looking at the chart, there is quite a gap to fill. 200 dma is $2.41 currently, that is the first target I see.
Central Sun Mininig, I too have noticed it's up, bc I own some. I was actually looking at the chart and it's getting into overbought territory. I was thinking of trimming back some soon, maybe around $2?
thoughts?
Didn't realize that SRZ was also on the US Pink Sheets. I can actually own this stock if I choose . The online trader that I have most of my money in took away my ability to trade US OTCBB for the equivalent symbol on the canadian based exchanges. But I 'believe' I can still grab the OTC Pinks.
Only one way to find out.
Thanks Bob,
sp71
Sorry Monty, my mistake, what I meant to say is that unlike Gold, Silver doesn't have an ETF that is leveraged towards the Silver Miners, like GDX.
Well, I don't have an options account, but I would say buying call options on GDX fairly out of the money would be a nice lotto ticket.
Silver doesn't have an ETF, but I would think buying MVG or any of the producers would be a very nice play. From what I can see, it looks like you have Silverstone already (SVRCF?), a very nice play. I can see Silver plays like First Majestic, CDE, Impact, ECU and Sabina doubling in value within 2 years.
If Gammon gets their litigation ironed out, that could be a huge gold play.
You already have some very good exposure from what I can see.
sp71
Bizarre accusations by Helmer, much speculation on his motivation. All elements involved are hard to get a good read on.
Bob, 10b, I got bqi at is low yesterday, 3.10, wish I woulda bought more today of course, but I'm just not sure what way this volatile market is gonna go.
It's a nice low starter position at any rate.
sp71
nosleep, Bernanke is speaking to Congress about the Stimulus Package Proposal. Some of what he is saying is being perceived as negative for future rate cuts, which the market apparently starves for despite it's overall economic ramifications.
toad, do you mean junior gold and silver miners? The only ETF I'm aware of at all for PM's is GOLD and that's GDX. I don't even think Silver has one yet .
DGRI (Dutch Gold) triple bottom, anyone buying here or wathching this one at all?
Lots of Silver and Gold Juniors down 3% or more today, how much more meat is on these bones to the downside, one has to wonder. Talk about the wall of worry!
me too, mostly AMEX tradeable though.
yield, yes, it is Based on the price of 1/10th of an ounce of gold, per http://www.streettracksgoldshares.com/us/shares/gb_shares.php.
yield, $GLD.IV mimics spot, just move the decimal over 1 point.
Some past concerns on Great Panther, are they still valid?
1) GPR is working an old mine and it is profoundly difficult to put old workings back into production.
2) The average grade of the 'ore' they are running through that mill is very low, and if they fail to achieve high efficiency levels, they will lose money hand over fist. Just look up the early production history for FR, and the result in the stock price, to see what I mean.
3) GPR is relying on old equipment that has been pressed back into service. They are very likely going to experience unplanned shut downs due to maintenance requirements, which will further stress the bottom line. The big risk to all of this is that the stock is priced to perfection, trading at a market cap way above many of the peer group. So it has a long way to fall if investors sell in disgust because the company did not meet expectations. The stock has an artificially high market cap because noted advisors have been pounding the table.
sp71
nosleep, some more silver plays I expect to do well if Silver soars....
AXR.TO (Alexco Resources)
CBI.V (Colibri Resources)
CLZ.V (Canasil Resources)
DIB.V (Dia Bras Exploration Inc)
EGD.V (Energold Resources)
EPZ.V (Esperanza Silver Corp)
FR.TO (First Majestic)
GGI.V (Garibaldi Resources Corp)
SBB.V (Sabina Silver)
SPM.TO (Scorpio Mining)
SRLM (Sterling Mining)
That about covers it,
pmaca, yes, you missed this news...
Jan 03, 2008 08:30 ET
Tenajon Intersects High Grade Molybdenum Values at Moly Brook Including 0.138% Molybdenum (Mo) over 67.06 Metres
Anyone follow PWE (Penn West)? It has fallen from 33 to oversold 26 in about 1 month.
Thanks,
sp71
Liberty haircut now nearing 75% since mid-April highs, wow.
Reserves Of 2nd Largest Gold Producer - Exhaust In 6 years
China, poised to overtake the US as the second-biggest gold producer this year, must acquire more bullion assets overseas because existing mines will run out of ore in six years, Zijin Mining Group Co said.
China produces more than 200 t of the bullion a year from mines that only have gold, and will deplete the deposits without discoveries, Ren Guangzhi, manager of investment at Zijin, owner of the country's largest gold mine, said. Ren cited data from London-based research company GFMS Ltd.
Rising economic growth in China has led to surging demand for jewelry and spurred Zijin Mining, Zhongjin Gold Corp and other Chinese producers to increase production.
The Asian nation is the world's largest importer of iron ore and copper because domestic production lags behind demand.
"It's urgent for Chinese companies to develop gold mines overseas," Ren said in an interview in Shanghai n Thursday.
Zijin fell 0.9% to HK$11.40 (US$1.46) at the 4:00 p.m. close in Hong Kong. The stock has more than doubled this year.
Zhaojin Mining Industry Co, which holds the second-most untapped gold deposits in China, is looking to invest overseas, Lv Ruixiang, vice general manager at the Hong Kong-listed company, said in an interview in Shanghai on Tuesday.
"We have examined some projects in countries such as the Philippines and Burma," Lv said. "But there have been no agreements."
Chinese miners may be able to profitably extract gold at lower grades compared with overseas rivals, Zijin's Ren said. Zijin could recover gold from ore with grade as low as 0.3 g/t, whereas other miners would need a grade of at least 3-5 g/t, he said.
Zijin Mining agreed to buy a 20% stake in a Philippine gold project from Lepanto Consolidated Mining Co, Manila-based Lepanto said on November 8. The Chinese company also agreed in June to pay US$55.1 million to buy a controlling stake in Tajikistan's biggest producer of the precious metal.
Nosleep, on the defy logic post, I'm thinking you might be my twin, lol. I'm also 36 and I've been investing discretionary money for about the same length of time.
I'm also down some, but I've taken profits on some doubles and triples along the way that have really helped me out.
I share your confusion for the most part. A few points to consider:
1) Remember that not all small companies with large pounds in the ground will actually own and run the subsequent mine. The idea is to prove up the resource and then get bought out by a larger junior or a major in some cases. This is a key point to consider when you look at the potential massive financials to get a mine started. These small companies would have to dilute themselves into oblivion to start the mine themselves in some cases, not all are concerned about actually mining the resource.
2)How can metal prices be falling? Well, every coin has 2 sides, and where there is panic there is opportunity. The financial crisis we are in is going to get exponentially worse imo, and a lot of money players know this. Cash will be king and anything of value will be thrown out or given away at discount indiscriminately, much like Aug 16th. I think we are seeing a long lasting residual from that capitualtion day, almost like after shocks from an earthquake. There are a lot of scared big money players out there that don't want to jump in to JM's or the specs.
3) Metal prices are going to suffer during this financial meltdown, as will almost every sector. Few people are going to have the hindsight, balls or the available attention to pick up on what is becoming a great opportunity in metals, because they are staring down the barrel of what a world wide recession will do. I guess what I'm trying to say is that if you pull up to your house, and it's on fire, what items do you take when you know you can't take all of your valuables? There are going to be valuables left behind. Luckily for us, metals don't burn too easily . In all seriousness, there may be some truth to this fact, metals ARE necessary for every economy, the big players know that they can divert there attention away from it because it will be there when the decide they can come back to them, make sense?
4) It's hard to know who to beleive, that's for sure. I tend to believe Jim Willie, Adam Hamilton, Murphy, and a few others.
5) Huge funding problems are an issue, the rising cost of energy has had a large impact. Here's a brain teaser on the concept of $200 oil. What happens when the cost of oil is too expensive for public companies to extract and ship it for profit? This was starting to happen at near $100 oil for some truckers in the US. I think that the government would then step it to privately run and regulate the entire oil recover and delivery process, from pillar to post. That's a scary thought as well, and yet, I would also submit that this has been the govt's 'secret' goal for decades, to run big oil in the US, some say they already do (Haliburton).
6) Metals 'should' come back around in the years that follow from now for the reasons you have stated on supply. Even when the China bubble bursts, we still have India's growing demand. By the time India has a bubble, China will have recovered.
7) One area that may break away from all this chaos is Uranium. It's an alternate energy, has a real and tangible shortage, and one key difference: You can't interrupt the daily operations of a working nuclear reactor due to uranium supply issues. It's not a case of shutting down the plant for a few weeks until the yellowcake arrives, the Ux has to be there. With all the new reactors being planned in the next 10 to 15 years, billions of dollars worth of construction, they will simply need to opearate based on a consistent supply, which we currently don't have.
8) I don't think you post at smartinvestments.ca, with your permission, I'd like to submit your post to that board for other responses. Let me know.
sp71
Monty, I 2nd what Silver and Bobwins have said about Coach. He also posts on Silicon Investor sometimes as Zoo York. Here's a recent post he made there regarding ECU. He's very knowlegeable:
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24070578
This incident was posted on SH either Sat or Sun, so I knew about the possibility of adverse stock reaction. Still, I didn't expect this. My thoughts are with the miner and his family.
sp71
Hudbay almost back into the teens, anyone buying soon at these levels, I don't yet have a position.
Thanks,
sp71
Monty, Bob, Metanor article that hooked me from last Sept http://www.gold-eagle.com/editorials_05/zurbuchen101706.html
I'm very bullish on Metanor.
Australian Solomons (SGA.TO) anyone have DD or own this dog, it's been dropping a lot lately and it's on my watch list. Currently at .66 and oversold, do I start a position or quit watching entirely?
Thanks
Bargain Hunting for 11/13, what's on Sale? I see a lot. Starting with : AGI, SWN, LBE, GCU, UNO, UPC, PDN, LAM and UUU.
Bobwins, I hear ya, the only green in gold I had today was gpg, van, mto, and gle. Mto, sam, exm, ngg, wwr and yll were even.
Feel good that you don't have cpn -18.75% today . Souther Arc was also down 7%.
Every Uranium stock I own or watch was RED today except ESO, conspicuously (fwenzel has noticed this too, maybe something is going on here, hmmmm).
On the Silver and Metals front
CUU, ECU, FR, SPM, ABI, DIG, SEG, AUA, GCU, TJS, EXN were all green.
I don't own Tam but it got blasted down another 10% again today, is zinc really that much out of favor? NRDS down 4%.
Can't win every day. I did make money on my ultrashort etf's today .
sp71
Contrarian view on Orko, fwiw..
Taken from another board...
I am very suspicious of that resource estimate. I have had my issues with OK management in the past. I think they are overly aggressive on their assumptions, but so far they have been able to get away with it. for example:
"Silver-equivalent is calculated as silver plus 60 times gold, with metallurgical recoveries and net smelter returns assumed to be 100%." - ENDQUOTE
I would consider the above to be overly aggressive and I cannot think of another reputable company that would plug in those assumptions. Most juniors will go with a 50-times multiple for silver, and a lower metallurgical efficiency rate. I would think 80% is far more reasonable for real world mining.
"...the Company feels given the location of the project and current market conditions that the 100 g/t cut-off grade is more relevant" - ENDQUOTE
Again, I must ask, what planet do these guys live on? The geometry of that deposit as defined so far would suggest that the only economic method to attempt to mine it would be via an underground operation. A cut-off grade is an estimate at which point all ore of that, or higher grade, could be mined at a profit. I cannot name a single producing junior that is making money running ore of 100 g/t silver EQ. I can name several that are losing money running far higher grade feedstock. I think it is irresponsible of management to try and sell a resource estimate using such a low grade cutoff.
I would also caution that the average spacing of the drill cores is about 100m, which is a wide drill fence on which to base even an inferred resource.
None of the above is illegal, and I do not wish to suggest that OK management have done anything unethical. My point is that they are going well beyond what other juniors in the peer group are willing to assume for a documented resource. They have crossed the line IMO. When so many other high quality companies have chosen to be far more realistic in their approach, I question the validity of the numbers for OK.
I have had my disagreements with this company in the past. I do not own the stock, and have no short position. I am sure that the happy momo crowd love this one, and people will be thrilled as they continue to report successful exploration work. Maybe the overly aggressive assumptions they have made will come back to haunt them, or maybe not.
nelson, regarding Platinum/Pall, the 2 I've been watching are PAL (Amex) (North American Platinum) and PTM.TO (Platinum Group Metals). I'd have to re-read why I picked these 2 over the rest, and I don't have any exposure to them, but these are on my watch list, fwiw.
sp71
Bobwins, speaking of Liberty, why the 3 months of lackluster performance share price wise? I'm looking to average down soon, maybe today, but maybe I've missed something, PP?
tx, sp71