$VALE looses $30B in Mcap in 2 weeks? Makes no sense. Not a chartist but looks like about to hit a bottom. Highest quality iron ore, nickel and copper.
Senior trader at major trading house today told me physical market for metals tightest it has EVER been. This is due to power prices (Japan and Europe especially) and metal in wrong locations. Physical drives metals prices more than con. Market is twisted. Time to load up.
Gold rises basically $350/oz in a straight line to all time highs and copper back to $4.25/lb and the best gauge of risk dollars flowing into mining, the TSXV, looks like this...
We have a LONG way to go up!
$ADZN.V arranges for 95% of its capital cost to build El Domo in Ecuador at less than 10% cost of capital, and 90% non equity. No advisors. Let it rip!
$ADZN.V being sold to Silvercorp keeping the M&A excitement going. Deep pockets to extract maximum value from our portfolio with great leverage to the silver price.
$ADZN.V Adventus Mining
EL DOMO ENVIRONMENTAL PERMIT APPROVED! We are on track to be the next greenfield copper-gold mine to be built in the world! (Highest grade undeveloped copper project in the world too)
#copper
#Mining
#metals
#zinc
Off to the BMO Metals, Mining and Critical Minerals Conference in Hollywood, Florida. Big emphasize on Critical this year with a huge contingent of car and battery-related companies. I have 71 meetings over 3.5 days.
Ecuador facts
Canada is largest foreign direct investor to Ecuador
Canada and Ecuador are in late stages of a free trade agreement
Air Canada has 4-5 full cargo flights a week to Ecuador
$ADZN.V is advanced on a major investment agreement with announcement in about 3 months
$SURG.V
When you already have one of the largest copper resources in North America and you fly geophysics for the first time and come up with at least 7 never walked on large targets...you get excited. Some large donuts in there! $8M of FT to spend this year.
$ADZN.V El Domo receives authorization to convert from the exploration to exploitation phase. First medium scale project in Ecuador with exploitation agreement.
$adzn.v and $srl.v feasibility study is out. Equivalent to 90,000 oz AuEq production for 14 years at an AISC of US$360/oz AuEq and NPV 5% of US$403M after tax. We are in advanced stages of arranging US$240M in non equity financing. Go time!
Hostile bid for $ELE.V
Elemental Royalties...this is just the start. Suspect it goes for well north of $2.00/share. Potentially mid $2ss
Nice end of the year for my portfolio!
What I've been saying. No new major copper mines getting sanctioned until closer to $5/lb Cu. People that were saying 6 months ago copper at $4/lb was great don't get it
$RCHR.C Deal is done.
Largest junior nickel portfolio in Canada. New nickel district in QC (formerly Balmoral) and 3rd largest land position in Sudbury.
Leif Nilsson and I spent 2 years getting this done. Now Canadian nickel positioned better than ever.
$SURG.V made it to +1 billion tonnes of M&I resources and there are at least 20 more targets to go in the district. We're drilling 5 or 6 of those this year. US$20M EV??
#copper
#resources
#exploration
One of the most interesting slides I have ever seen showing the dramatic demise of fossil fuels in exchange for a mining world, transformed over the next 30 years. And this is from Glencore!
#Mining
#copper
#renewableenergy
Commodities have been too cheap for too long at the expense of our world's climate and the rise of FANG. Most people oblivious about our space. Things may be changing....
Which of these +100 koz/a to sub 200 koz/a TSX gold producers will transact M&A-wise in 2022?
$KNT.TO $WDO.TO $KRR.TO $VGCX.TO $AR.TO $OGC.TO $CXB.TO $GCM.TO
Which ones am I missing? Not including Jaguar, Aura, Great Panther or Orla.
My gut tells me 5 of the 8 do in 2022.
Congratulations to Generation Mining on their Canadian permits for a nice looking Cu-Pd project. I've never seen such a fast turn around. Very good for Canada. $GENM.TO
2022 CKS TOP PICKS / MAJORITY FAMILY PORTFOLIO (1/3)
Top picks: $SURG.V $ADZN.V $SMD.V / Broden (Q2 IPO)
Cashflow with best risk/reward: $CIA.TO $ALS.TO $ARX.TO
$SURG.V
New porphyry discovery in Surge Copper district. 3 drill result press releases to date from 2022 program and 2 new discoveries (1 silver and 1 copper) and extensions to breccia zone with 40 m of 2.1% CuEq. Berg exploration holes still to follow
Thrilled to be part of this transformational nickel transaction for Archer. $RCHR.C
Over 40 nickel sulphide properties in 4 camps in Canada. Grasset will be a beast and 3rd largest nickel holding in Sudbury basin. More details to follow.
6 different insiders of $ADZN.V have now bought the stock since distress selling started last Thursday. Market cap of US$35M with US$30M of liquidity and a unique copper development proposition
$SURG.V Very pleased to announce this investment by African Rainbow Minerals (major South African miner) into Surge Copper to primarily advance the Berg Cu-Mo porphyry which is in the PFS phase. More good news for BC Copper as a new player to Canada.
$SURG.V Nice surprise for investors on a brand new high grade silver vein swarm discovery, highlighted by 1476 gpt AgEq over 2 m. 30 more exploration holes outstanding from 2022 program
$BIR.TO reports after close on Wednesay. A gas rich producer that is unhedged and gets NYMEX - $1.50 pricing for largest part of its gas. Stupid free cashflow this year. Sleeper
Made it to 1,000 followers in 2 months. Really starting to like this platform and the smart talk about resource names.
Need $adzn.v to be a bigger part of the discussion. Nothing like it in the copper space other than Sandfire's Degrussa, which is almost depleted.
$IDK.C $PNRL.V
First Premium Nickel hole...good start for first exploration hole....good to see they will be drilling from underground shortly (300 m away from infrastructure). At current prices this is ++$350/t rock
Sorry, but we lost a great man and entrepreneur in the mining business. Don't see enough posts about him. The best thing about him was knowing when a good deal was a great deal. Brad was a champion in deals. Dealt with him numerous times. I already miss him. ❤️
Ecuador update. All is calm and business normal with the opposition supporting the President's decision.
New elections called. 1st round on Aug 20th, second round Oct 15th and a new government sometime in November.
Decrees being signed.
$SURG.V begins PEA on Berg supported by 110 Mt M&I supergene zone at 0.6% CuEq, less than 1:1 strip, great infrastructure and another 500 Mt of mineralization....this will be a good one. Just on Berg alone Surge is likely trading at <0.05x P/NAV
Adventus Mining and Salazar Announce First Batch of Drilling Results for El Domo Underground - Including 6.91 metres of 6.17% Copper Equivalent - Junior Mining Network $ADZN.V
$ADZN.V Don't forget we own the Condor gold-silver project in Ecuador. 8 Moz AuEq. PEA at today's prices has an NPV 8% after tax of over US$900M and an IRR of 35%...that's our secondary project after El Domo. Current market cap is C$168M (which is an all time high)
For those wanting exposure to Premium Nickel and with $NAN.V halted, $IDK.C owns around 10% and is trading. MCap is about C$40M, Premium investment worth $30-35M and $50M of other investments on top (many private and illiquid though). I think it's compelling
$ADZN.V Zinc price roaring to over $1.30/lb again. At El Domo we will produce 30-50,000 tpa of zinc concentrate. Very good quality and 58% zinc con grade
Looks like the relentless selling in $ADZN.V is finally done and stock can breathe. Stock performance makes no sense based on business progression ytd. Up +20% today.
$ADZN.V
Detailed engineering about 30% complete, major contracts being signed, timeline for full construction to start remains Q2-2023 and capital cost guidance of US$248M remains unchanged.
$SURG.V
This PEA backstops value for less than 0.01x P/NAV. No value for Ootsa. Or exploration optionality. From a practical perspective Berg may be the 'easiest' large copper development project in North America. C$6M for a PFS. Fast track.
Silver surging in China to US$32.65/oz. This is where $SVM.TO sells its silver. Chinese silver discount disappearing as solar industry grows. All good for bid on $ADZN.V. Bid implies C$0.51/share at close yesterday.
$ADZN.V and $SRL.V find new VMS system in Curipamba district. 6.3 m of El Domo grades near surface and next to road to El Domo. A district is forming...
This is huge news for $SURG.V
Up to 3 drill rigs will test the best new district targets to year end and fully funded to do so (+15,000 m)
Lots of drill holes in the lab too
#copper
#Drilling
#exploration
#BatteryMetals
Some good TSX news across the board since last night:
Alphamin big cash build and dividend
K92 great quarter
Talon nice endorsement from Tesla
Surge Copper continued high grade breccia zone results
Come listen to me on why I think the new normal for copper is +$4/lb Cu, and why that price is still too low to incentivize construction of new copper mines. Need 50% higher or more IMO.
#copper
#ESG
#metals
#inflation
#Mining
Adventus and Salazar Announce Drilling Results at the El Domo Deposit Highlighted by 26.8% Copper Equivalent Over 9.1 Metres - Junior Mining Network $ADZN.V
Skott Mealer, our new GM and Construction Head, will be speaking for the first time about El Domo developments and social outreach programs. $ADZN.V $SRL.V
$adzn.v one of the thickest grade x m ever drilled at El Domo and all open pit. Pretty impressive for a VMS. New resources bring calculated, with one more batch of drill results later in June.
@GianniKov
@jenstilmanydots
I'm with them tonight. Copper inventories have never been so tight in the history of the world. This is all stocks. One hick up in a major mine and copper goes the way of lithium.