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Thread: Oz in the ground

  1. #11

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    Quote Originally Posted by oak333 View Post
    Global warming - ice meltdown exposes gold deposit:

    http://www.kitco.com/news/2017-10-17...d-Deposit.html
    Here is the tell....... with 25 million ounces of gold in the field, along with copper, they have done the math, and already tried to self finance, but the all in costs versus the return was too high for them to be able to sustain operations and keep the product valuing higher than the actual costs to produce. They tried to get outside financing, but the projected returns were not there to pass actuarial muster by the underwriters....... so now they are trying to find a "partnering company" to co-develop the field(read "Sucker" to finance the company execs being able to keep a salary for the next 10 years or so.)

    Direct question, more to the Kitco company lurkers here, Please tell me if my observations are wrong! Looking back 20 years of major mining exploratory pr pronouncements, other than the Brazilian one that actually did all right, and the one Canadian company up in BC, can't remember it's name, but they found the diamond pegmatites by accident, all have fizzled and shuttered the unprofitable operations due to being unable to make the all in math go in the black over several years running.

    The catchphrases "global warming, retreating glaiciers" are a perfect opportunity to turn into a marketing gimmic to sucker in investors who do not actually dydd, but if they were actually looking at only glacial till deposits, that would be easy for them to crush and process, and if they actually found high grade veining, or even high grade mineralized fields, the costs to process far exceeds their short term extraction costs and they would not need to find a long term partner.

    Think about it for a minute.
    Last edited by shades; 10-18-2017 at 05:09 PM.

  2. #12
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    Not enough gold mines
    -------------------------

    The large established deposits are being depleted:
    Witwatersrand Basin in South Africa, Carlin's Trend in Nevada
    and Australia's Super Pit.

    The gold supply is going to diminish, so that it will affect the price of gold.

    https://www.bullionvault.com/gold-ne...ning-110320171

  3. #13
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    The supply of gold from mining is decreasing strongly.

    New gold reserves are hard to come by. Some gold majors
    decreased their production.

    https://thedailycoin.org/2018/05/08/...is-collapsing/

    My note: I expect gold juniors like Gold Mining (GOLD.TSX and
    First Mining Capital (FF.TSX) to increase a lot in price.
    TSX=Toronto Stock Exchange

  4. #14
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    Quote Originally Posted by oak333 View Post
    The supply of gold from mining is decreasing strongly.

    New gold reserves are hard to come by. Some gold majors
    decreased their production.

    https://thedailycoin.org/2018/05/08/...is-collapsing/

    My note: I expect gold juniors like Gold Mining (GOLD.TSX and
    First Mining Capital (FF.TSX) to increase a lot in price.
    TSX=Toronto Stock Exchange
    First Mining Gold Corp. FF.TO is well positioned.
    It has lots of oz in the ground.

    Here you have a short presentation by the CEO

    https://ca.finance.yahoo.com/news/fi...021700570.html

  5. #15
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    First Mining Gold Corp FF.TO
    --------------------------------

    Founded by Keith Neumeyer, a big name in mining.

    In 2014 he had the idea to become a consolidator of gold
    mines and started to buy them...at low prices. Eg he bought
    a company for 50 $ million, which was valued at 1 billion $
    at the peak gold price (2011).

    As the gold reserves are depleted, the majors will be compelled
    to buy gold mines from FF.TO

    Just listen to what he says. It is quite interesting from a guy who
    lived and did it.

    https://www.youtube.com/watch?v=s9pd8d6kbmQ

    https://www.youtube.com/watch?v=XsZsdzXxsSg

  6. #16
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    Again about optionality.
    --------------------------

    Owning shares in a gold (or other metal) rich deposit, not mined yet,
    is like having a permanent option call on the company owning the deposit.

    When the price of gold (or other metal) is going up, this technique is quite
    profitable. Let us see a few examples:

    ----Lumina Copper went from 0.50 $ to 160 $

    ----Pan American Silver went from 0.50 $ to 40 $

    ----Silver Standard went from 0.72 $ to 40 $

    http://blog.ceo.ca/2016/02/03/sprott...ick-rule-says/

  7. #17
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    Quote Originally Posted by oak333 View Post
    Rick Rule recommends to buy deposits, not mined yet.
    When metal prices go up, this technique is quite profitable.

    He recommended Brazil Resources now Gold Mining- CVE (Canada)
    with lots of gold in the ground.

    First Mining Capital (FF-Canada) is a company acquiring deposits
    not mined yet. When the time comes, it will be in great demand.
    It looks like today it has started to move up:
    http://finance.yahoo.com/quote/FF.V?ltr=1
    Look what happens when you have oz in the ground.
    GOLD.TO today went up about 15 %.

    They made a smart move: created a royalty corporation,
    with Net Smelter Returns on their deposits, with retaining
    the right to NSR to future discovered deposits and probably
    tending to acquire royalties on other miners.

    https://ca.finance.yahoo.com/news/go...100000194.html

  8. #18
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    Quote Originally Posted by oak333 View Post
    The supply of gold from mining is decreasing strongly.

    New gold reserves are hard to come by. Some gold majors
    decreased their production.

    https://thedailycoin.org/2018/05/08/...is-collapsing/

    My note: I expect gold juniors like Gold Mining (GOLD.TSX and
    First Mining Capital (FF.TSX) to increase a lot in price.
    TSX=Toronto Stock Exchange
    Right on. Today:

    GOLD.TO up 12 %
    FF.TO up 9 %

  9. #19

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    I put together a personal ETF of Mid-caps, juniors and exploration company's, around 20 of them in total. Started buying when the SM puked out in late march, all of them are up anywhere from 6% to 154% as of today and the party hasn't even started yet. I have gold, silver, copper, zinc and a few lithium stocks. If your not in the miners yet, wait until the next SM down leg and jump in...

    I like these threads you have going Oak333, grabbed 20K of the Redstars today. Maple gold mines has already doubled for me.
    Last edited by Hombre Plata; 07-01-2020 at 06:26 PM.

  10. #20
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    Quote Originally Posted by Hombre Plata View Post
    I put together a personal ETF of Mid-caps, juniors and exploration company's, around 20 of them in total. Started buying when the SM puked out in late march, all of them are up anywhere from 6% to 154% as of today and the party hasn't even started yet. I have gold, silver, copper, zinc and a few lithium stocks. If your not in the miners yet, wait until the next SM down leg and jump in...

    I like these threads you have going Oak333, grabbed 20K of the Redstars today. Maple gold mines has already doubled for me.
    You are welcome.

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