The Perfect Gold Stock for Revivalists

Source: Clive Maund for Streetwise Reports   12/15/2017

Technical analyst Clive Maund charts a young gold company that he believes “is going places.”Revival Gold Inc. (RVG:TSX.V) is a young gold stock that looks like it’s going places. After starting trading in March it immediately went into a steady uptrend that later accelerated into a peak in August–September, after which it ran off sideways into a rectangular trading range that has continued up to the present, as we can see on its 1-year chart below. This trading range looks like a consolidation pattern not a top, and if so we can expect the price to break above the resistance at the top of it in due course and enter another uptrend.

With the gentle downtrend of the past few weeks having brought it down towards the lower boundary of the trading range, it looks like a buy here, and a stop may be placed beneath the support at the lower boundary of the range, in case it does the unexpected and breaks lower. Note that although Revival is a stock traded on the Canadian Venture Exchange and the U.S. OTC market, its chart is not available in Stockcharts, hence this Stockwatch chart.

Revival Gold Chart

Conclusion: Revival Gold is an immediate buy, and a suggested point for a stop is C$0.595. Revival trades in light but reasonable volumes on the US OTC market.

Revival Gold website

Revival Gold Inc, RVG.V, RVLGF on OTC, closed at C$0.73 on 14th December 17.

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Clive Maund has been president of http://www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years’ experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.

Disclosure:
1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Revival Gold. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Revival Gold, a company mentioned in this article.

Chart provided by the author.

CliveMaund.com Disclosure:
The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stockmarket analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.

( Companies Mentioned: RVG:TSX.V,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2017/12/15/the-perfect-gold-stock-for-revivalists.html

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Metallic Minerals Catches the Silver Ring

Source: Bob Moriarty for Streetwise Reports   12/14/2017

Silver is cheap right now, says Bob Moriarty of 321 Gold, who profiles a company in the Yukon that he says is delivering world-class exploration results.

In the old west, when the sole lawyer in a small town needed more business, he would bring in another attorney. Two legal beagles in a small town are enough to stir up sufficient business for each.

Actually, mining sort of works the same way. You have to have several mining companies in the same district to beat the drums so investors know there is a story.

Silver investors are a strange breed. After being told for years that we are somehow going to run out of silver any day now by silver PermaBulls, they manage to catch every top in the metal. In April of 2011, they were willing to pay a 25% premium for Eric Sprott’s Silver ETF. They did manage to nail the top once more. But there are actually few real silver companies or districts.

One of the most prolific silver areas in history was the Keno Hill silver district in the Yukon. It’s been around for over 100 years. Over 200 million ounces of silver came out of the region at an average grade of 1374 grams per ton. That’s over 44 ounces a ton or $660 rock.

After shutting down in 1989 due to prevailing low silver prices, the district began to reawaken in 2006 when Alexco Resource purchased the United Keno Hill Mines properties. Alexco is moving toward production with about 80 million ounces of silver in a 43-101. But Keno Hill has pretty much remained off the minds of investors primarily due to a lack of other competing silver companies.

Greg Johnson, CEO and Chairman of Metallic Minerals Corp. (MMG:TSX.V), was an important part of NovaGold who helped take the company from $0.09 a share in 2001 to nearly $20 a share a few years later. NovaGold helped found Alexco and Greg was part of the process. If I was to ask around as to who knows more about Keno Hill than anyone in the world, I think the answer would be Greg Johnson.

Greg Johnson took over a moribund Yukon junior named Monster Mining in 2016, changed the name to Metallic Minerals and hit the ground running. In 2016 he was behind the raise of over $4 million and in January of 2017 doubled the land position of the company within the Keno Hill region.

Within the Metallic Minerals properties, eight of the previously known structural corridors cross the property. Metallic isn’t prospecting for silver, they already know where the shear zones are. They are drilling deeper under known zones of mineralization. When Alexco came into the district, they plucked the low hanging fruit in the west half of the district and that makes a lot of sense. But the eastern half was fragmented private land. While it took a lot more money and work, that is what Greg Johnson has assembled.

This is not an issue of some junior having wild expectations of what they might find after tens of millions of dollars spent on exploration. It’s not going to be a mine; it already was a dozen or so mines at absurdly high grades.

But you can’t buy anything without knowing the name. Metallic is starting promotion but most of all; they are delivering world-class results from an aggressive sampling and drill program. In May of 2017 the company announced a $1.5 million exploration program. In August of 2017 they started drilling. By October assays came back from the surface sampling with silver values up to 988 g/t and gold values of 24 g/t. At the Bounty/Buccaneer property surface samples released in early December showed values as high as 12,078 g/t Ag.

Assays from the 14 holes 1,320-meter drill program are now drifting in. A press release from December 13, 2017 shows the results from the first seven of the holes including one hole with 1.6 meters of 1,405 g/t Ag with 26% lead and 3.7% zinc. That’s the equivalent of 2,851-g/t silver.

I hate buying stuff when it’s expensive. That’s just of true of clothes and cars as of junior mining shares, gold or silver. I wrote a whole best selling book I called Nobody Knows Anything trying to convince people to buy cheap and sell dear. It works for me and I know it will work for you.

Silver was expensive in April of 2011 and I said so. Silver is cheap today and I saw a bottom coming soon and said so. Right now it takes about 79 ounces of silver to buy one ounce of gold. Relative to just about everything, silver is cheap. I just bought some this week at $16.00.

Silver is cheap and the few true silver mining juniors are at giveaway prices. I was a buyer of Metallic Minerals in the open market months ago about 10% cheaper than it is today. I knew once investors saw the bonanza silver grades coming out the company would become one of the leading go-to silver companies.

Metallic Minerals has what any company needs to succeed. They are in a known world-class silver district. They have experienced and seasoned management. They have money in the bank for future work and with any luck will soon have a tailwind in the price of silver. Read their presentation, it’s excellent.

Metallic Minerals is an advertiser. I own shares purchased in the open marker months ago. Naturally I am biased, I have known Greg Johnson for 16 years now. You make the money off your investments when you are wise and you lose the money when you are unwise so please do your own due diligence.

Metallic Minerals Corp.
MMG-V $0.30 (Dec. 14, 2017)
MMNGF OTCQX 48.6 million shares
Metallic Minerals website

Bob and Barb Moriarty brought 321gold.com to the Internet almost 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

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Disclosure:
1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Metallic Minerals Corp. Metallic Minerals Corp. has indicated that it intends to be an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned are billboard sponsors of Streetwise Reports: NovaGold. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

( Companies Mentioned: MMG:TSX.V,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2017/12/14/metallic-minerals-catches-the-silver-ring.html

Precious Metals Explorer to Acquire ‘District-Scale Gold Properties’

Source: Streetwise Reports   12/14/2017

Craig Stanley, an analyst with Eight Capital, took a look at the terms and potential of this mining company’s prospective transactions in Ontario.

A Dec. 12 Eight Capital research note indicated that GFG Resources Inc. (GFG:TSX.V; GFGSF:OTCQB) entered into agreements to acquire three mining projects, for a total of 560 kilometers squared (560 km2) of mineral rights west of Timmins, Ontario, which analyst Craig Stanley described as “one of the most gold-endowed regions on the planet.” The assets are Rapier Gold’s (RPR:TSX.V) Pen, Probe Metals Inc.’s (PRB:TSX.V) West Porcupine and Osisko Mining’s (OSK:TSX) Swayze.

Stanley concluded that “once the acquisitions close, GFG Resources will hold nearly 700 km2 of highly prospective, district-scale gold properties in tier one mining jurisdictions (Wyoming and Ontario).” He added that despite the projects being early stage, they are “positive for the company as they offer prospective, easily accessible ground that can be explored year-round.”

As for the acquisition of Rapier Gold and its 19,000-hectare Pen project, the price is 15 million (15M) shares, or CA$0.08 per Rapier share based on GFG’s price at market close on Dec. 7, 2017, Stanley noted. Thirty-four holes totaling 8,330 meters (8,330m) have been drilled at Pen, none deeper than 310m.

Regarding the West Porcupine deal, the price is 6.5M shares, or an implied ~$3.5M, reported Stanley. Twelve holes have been drilled on the property, which consists of two blocks that span about 245 km2 and flank Pen on the east and west.

In terms of Swayze, the transaction cost is 1.1M shares, or an implied ~$600,000, Stanley wrote. No drilling has been done at Swayze, but induced polarization and magnetic surveys have. The project is 40 km east of Goldcorp Inc.’s (G:TSX; GG:NYSE) Borden project.

The research note also relayed that GFG Resources announced a nonbrokered private placement to raise up to $7M. It consists of “$2M in flow-through common shares at $0.55/share and $5M at $0.50/unit (one common share and one-half of a warrant with each whole warrant exercisable at $0.75 for 24 months),” Stanley explained.

With respect to upcoming catalysts, results from 23 holes drilled at the Rattlesnake project are expected and, subsequently in H1/18, an initial resource estimate. GFG Resources hopes to commence drilling on the newly acquired properties as early as Q2/18. “Management has budgeted $2.5M for Rattlesnake Hills and $2M for the Ontario projects in 2018,” the analyst added.

Eight Capital has a target price for GFG Resources of CA$1.60. The stock is currently trading at around CA$0.50.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: GFG Resources Inc. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article/interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of GFG Resources Inc., a company mentioned in this article.

Additional disclosures about the sources cited in this article

( Companies Mentioned: GFG:TSX.V; GFGSF:OTCQB,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2017/12/14/precious-metals-explorer-to-acquire-district-scale-gold-properties.html

The December MMI Report: Construction, Auto MMIs Heat Up

We’re another month closer to the end of the calendar year, and there’s much to recap from the last month in metals. Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up After four MMIs ticked upward for our November reading, five did so for our latest report. Hitting some…

The post The December MMI Report: Construction, Auto MMIs Heat Up appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

from Precious Metals – Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner https://agmetalminer.com/2017/12/14/december-nickel-stainless-steel-aluminum-automotive-construction/

Junior Miner Looking Good for Commercial Production in 2018, Analysts Say

Source: Streetwise Reports   12/12/2017

A flagship Nevada project is showing results and the company anticipates commencing commercial production in the first quarter of 2018.

In a Dec. 11 press release, Rye Patch Gold Corp. (RPM:TSX.V; RPMGF:OTCQX) summarized the Florida Canyon mine’s production results for the month of November:

  • Placed 8,059 ounces of gold on the pad (23 percent above plan);
  • Produced 3,491 ounces of gold and 1,825 ounces of silver, 20 percent higher than October;
  • Mined 730,900 tons of ore (21 percent above plan);
  • Crushed 728,900 tons of ore (21 percent above plan);
  • Maintained a grade of 0.011 opt of gold including over liner material; and
  • Achieved a low strip ratio of 0.45 for the month (74 percent below plan).

“Production reaching 3,500 ounces represents a key milestone in the continuing upward production trend. At this point mining operations now begin to contribute positive cash flows to the Company,” stated William Howald, the company’s president and CEO. “Three of the four new 785 haulage trucks are working with the fourth to be operational in early December. Over liner material has been laid over an extent that maximizes leach cell size and allows for a primary leach cycle of 45 days before stacking the second lift. Overliner will be completed in late December. The positive trend is continuing in Q4.”

“The October and now November production results confirm the Florida Canyon mine is ramping up to commercial production in Q1 2018,” he added.

George Topping, analyst with iA Securities, stated in a Dec. 11 report that “three new haulage trucks have been added, with a fourth expected this month. Additionally, the overliner placement is expected to be completed shortly. Both of these events should increase efficiencies at the mine, allowing more ore to be stacked on the pad and uninterrupted leaching.”

“Rye Patch has a low EV (US$15/oz.) for a mine that just started production, and with a 200Koz p.a. capacity at the plant, at our increasing gold prices, Rye Patch should be a highly profitable mine once through the build-up period, with significant growth potential through bootstrapping Lincoln Hill and Wilco,” Topping concluded. Topping rates Rye Patch as a Buy with a target price of CA$0.70.

In a Nov. 29 report, Macquarie analyst Michael Gray highlighted that he sees “potential multi-million ounce potential, including high grade feeder structures at FCM, with over a fairly sizeable target footprint and potential +200m thicknesses as observed from the latest drill results and also previous drilling.” He points out that the Florida Canyon mine is “turning the corner in terms of several leading indicators (mining & crushing rates, head grade, fresh plastic pad availability).”

Gray concluded by reiterating Macquarie’s Outperform rating and C$0.50 target price on Rye Patch, noting “The sulphide drill results enhance the catalyst complexion; however, we remain focused on the ramp-up execution at Florida Canyon.”

Rye Patch shares are currently trading at around CA$0.23.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Melissa Farley compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an employee. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Rye Patch Gold. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Additional disclosures about the sources cited in this article

( Companies Mentioned: RPM:TSX.V; RPMGF:OTCQX,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2017/12/12/junior-miner-looking-good-for-commercial-production-in-2018-analysts-say.html

Keith Barron Wants to Mine U3O8 ‘Cheep’

Source: Bob Moriarty for Streetwise Reports   12/11/2017

More mining companies should follow the example of the garimpeiro miners of Brazil who mine until they fail to make a profit, says Bob Moriarty of 321 Gold, who discusses one gold and one uranium company that may be changing the paradigm.

The garimpeiro miners in Brazil can’t spell either. All they know how to do is to mine at a profit. Unlike professionally run mining companies, they mine until they fail to make a profit. Then they stop. All garimpeiros mine at a profit. It’s a lesson the professionals should learn.

Over the past 16 years of traveling and looking at mining projects, I invented my own definition of mining. I like it; it’s simple and covers everything you need to know:

Mining is the art and science of extracting minerals from the ground at a profit.

What I have observed in visiting hundreds of properties is that (1) the level of formal education is far higher than in any other field I am familiar and (2) most geos think that mining is the art and science of spending money. Rarely does the word profit get mentioned or exist and finally (3) most of the people in the mining business should have taken a semester off during their studies to work at a 7-11. It would do wonders for their overall education if they actually understood how to sell a quart of milk at a profit.

If the garimpeiro miners from Brazil or any other third world country were working at Purdy’s Reward in Western Australia run by Artemis Resources Ltd. (ARV:ASX) and Novo Resources Corp. (NVO:TSX.V; NSRPF:OTCQX), there would be a bunch of big holes in the ground.

You see, the vast majority of the “experts” and highly educated professionals in the mining business believe you must measure gold before you mine it. Sometimes this leads to some giant gaffs such as that from Strathcona Mineral Services when they said of the Blackjack project owned by Pretium Resources Inc. (PVG:TSX; PVG:NYSE)There are no valid gold mineral resources for the [Valley of the Kings] zone, and without mineral resources there can be no mineral reserves, and without mineral reserves there can be no basis for a feasibility study.”

Oops.

It’s four years later. Pretium has put the mine into production. They are producing a lot of gold. In short Pretium was right and while technically correct, Strathcona was both highly professional and had their head up their ass.

Novo and Artemis in Aussieland demonstrate the fundamental issue perfectly. Their solution or lack of a solution will dictate the future of what might be one of the richest gold fields in history.

Novo released assay results from their first trench sample in early August. We have no idea if this is the highest-grade sample that will ever be released or the lowest. We just don’t know. There have been no other results released yet. None will be released before January of 2018.

Here’s the rub. The sample showed a grade of gold of just over 67 g/t. It was nearly pure and I’m going to pretend it has a specific gravity of gold, 19.3. Most of it was in nuggets and that’s a problem. As Pretium discovered, the more nugget effect, the harder it is to measure in any professional way.

If you can visualize a cubic meter of rock, it contains about 2.5 tons. If you have 67-g/t material, therefore you have about 167.5 grams of gold. If it were in one cubic nugget, it would be about 15 mm or about 0.6 of an inch. That’s small enough to hide in your ear if you don’t mind your ear lobes dragging the ground.

So if you have a cube of pure gold weighing 167.5 grams buried somewhere in a cubic meter of rock, just how do you measure it in a professional and duplicable way?

You can’t. It’s just not possible. So if you are a professional, you pack up your gear and go on to some other bullshit project that you can measure in a professional way.

Now on the other hand, if you are in the business of mining for a profit, you just smash the rock up and figure out an effective way to mill it. When you run out of ore, you stop. If you really must know what the grade is, ask the accountant. He is in charge of keeping all those numbers.

Keith Barron just released an excellent article talking about the Purdy’s Reward project. Like David Lenigas, Chairman of Artemis, before him, Keith gets it. The issue shouldn’t be how do you measure the gold, the issue should be, how do you make a profit? Barron and Lenigas agree, the road to riches is to mine and mill the material and extract the gold, at a profit.

Keith and I talk a lot. I encouraged him to visit the project. Before his trip, he was the king of skeptics. I maintained that it was quite real, quite different and well worth his time to visit. He did and for most of his article, the skeptical in Keith came out just as it should and as it did with Brent Cook. But the visit did convince him that Novo/Artemis have 8 km of high-grade gold marked by the paw prints of the guys with the metal detectors. If you can’t measure it, you can mine it. And in an act of brilliance, Lenigas had applied for and just received permission for a 20,000-ton bulk sample.

Keith Barron also happens to be a founder and director of a uranium company named U3O8 Corp. (UWE:TSX; UWEFF:OTCQX). And he puts his money where his mouth is. He owns a placer mining operation in Montana with the largest sapphire mine in the U.S. so he knows what he is talking about. U3O8 has deposits of uranium and vanadium in both Colombia and Argentina.

U3O8’s Laguna Salada project in Argentina contains just over ten million pounds of U3O8 and an additional eighty-four million pounds of vanadium. Recent shut downs of production capacity by two major uranium companies has lit a fire under the price of uranium shares with U3O8 going from $0.25 to $0.58 in the last five weeks.

After a lot of thinking, Keith realized that the figure generated in the PEA for the Laguna Salada property of $126 million for capex was absurd. The minerals are attached to gravel in a basin. There is about three meters of non-mineralized gravel overburden covering about a meter of mineralized gravel. Keith did some testing and found that if the gravel were turned in a trommel it would loosen the fine material on the exterior of the gravel. That fine material, about 8% of the total mass, contains 88% of the mineralization.

Moving gravel is pretty cheap. And Keith uses a trommel with his sapphire operation in Montana. It came to him that he could run a very simple and cheap test to determine just how viable a low cost fast production plan would work. He believes in it to the point that he has loaned a million dollars to U3O8 to do testing.

The tests anticipate taking the top three meters of overburden off, mining the one meter of mineralized gravel, feeding it through a trommel to wash off and break the surface covering. The fine material will be processed with baking soda and washing soda to extract the U3O8 and Vanadium.

Thirty years ago geologists rarely had access to a computer of their own. The use of GPS for navigation was rare and cell phones were only a concept out of the Sunday funny papers. Geologists have far more access to technology today than ever in history. But in the transition, has the industry forgotten why they are in business in the first place?

There are probably 1000 “life style” companies in Vancouver and Toronto today who have no ability or intention to ever put anything into production. They exist to fleece shareholders in order to provide a nice life style for management. We all know that. We are in an industry that is probably 80% fraud at heart. And we wonder just why ordinary people don’t see any reason to invest in resource companies.

I’ve seen management groups piss away hundreds of millions of dollars, the hard-earned savings of people who actually work for a living, squandered chasing a wisp of the willow. After all, in exploration you can never fail. All you need is another few million to pour down a hole and you might somehow succeed. It’s only when you actually man up and go into production that you face the real challenge of either putting up or shutting up.

Artemis/Novo have a unique form of nuggety gold in Karratha that cannot be measured, only mined. U3O8 has an interesting and different form of mineralization in Argentina that can be mined in the professional manner for $126 million. Or simply mined for a fraction of that amount.

Keith Barron is in Argentina as I write. We chatted back and forth on Skype a couple of days ago before his journey. Given his recent advice to Novo and his intention to put his money where his mouth is with U3O8 I told him that he and Quinton Hennigh are about to stand the mining industry on its head with the greatest change in the last fifty years.

Imagine the concept of going into production for pennies in order to make a profit. What will they think of next?

U3O8 Corporation
UWE-T $.56 (Dec 11, 2017)
UWEFF OTCQX 19.7million shares
U3O8 Corp website

Bob and Barb Moriarty brought 321gold.com to the Internet almost 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

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Disclosure:
1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Novo Resources and U3O8. Novo Resources and U3O8 are advertisers on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned are billboard sponsors of Streetwise Reports: Pretium Resources. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article/interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Pretium Resources, a company mentioned in this article.

( Companies Mentioned: ARV:ASX,
NVO:TSX.V; NSRPF:OTCQX,
PVG:TSX; PVG:NYSE,
UWE:TSX; UWEFF:OTCQX,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2017/12/11/keith-barron-wants-to-mine-u3o8-cheep.html

Gold Major to Increase Dividend by 50% in 2018

Source: Streetwise Reports   12/11/2017

BMO Capital Markets reported on this miner’s outlook for 2018 and beyond.

A Dec. 6 BMO Capital research note indicated that Newmont Mining Corp. (NEM:NYSE) intends to increase its dividend by 50% in 2018. “The company is targeting a sustainable dividend through gold cycles and one that removes the gold price link,” noted analyst Andrew Kaip. The change still needs approval, but “the Board of Directors were at the investor day, and their presence suggests it is a fait accompli.”

Regarding the forward-looking numbers Newmont announced, Kaip wrote, “The top end of 2018 and 2019 production guidance [was] slightly below our expectations but in line longer term. All-in sustaining costs (AISCs) for the company were in line with our estimates, with a capital outlook that was better than expected.”

When comparing new to previous estimates, the financial forecast for Newmont Mining over the next several years is “improved,” Kaip concluded.

As for production, Newmont forecast 4.9–5.4 million ounces (4.9–5.4 Moz) for 2018 and 2019, which is up from its previously predicted 4.7–5.2 Moz. “Attributable production, below our estimate for 5.6 Moz, had slightly tempered expectations across the segments relative to our forecasts,” Kaip noted. Estimated production through 2022 is 4.6–5.1 Moz.

In terms of costs, Newmont guidance indicated “improved” AISCs of $965–1,025 per ounce ($965–1,025/oz) over its previous estimate of $950–1,050/oz, said Kaip. For 2019 and beyond, the company expects lower AISCs at $870–970/oz.

With respect to capital, the company reiterated expected total capital of $900–1,000 million ($900–1,000M) and sustaining capital of $600–700M. In 2019, total capital is anticipated to decrease to $730–830M, with sustaining capital remaining the same. Longer term, both types of capital are expected to decrease, total capital at $580–680M and sustaining capital at $550–650M.

BMO Capital has an Outperform rating and a $45 per share target price on Newmont, whose stock is currently trading at around $36.20 per share.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Additional disclosures about the sources cited in this article

( Companies Mentioned: NEM:NYSE,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/article/2017/12/11/gold-major-to-increase-dividend-by-50-in-2018.html