@fleckcap
Thanks Bill. Hopefully points 6-11 made it thru. Twitter messed up the reply function. Here the balance of it. If it's duplicate, my apologies.
Landmines everywhere in this Godforsaken sector. The disasters that are happening in junior gold stocks while gold hits highs is simply astonishing.
$SVL in Australia... smoked. Even had month old money from Harry Lundin.
$AEM
"895,838 ounces at production costs per ounce of $862, total cash costs per ounce of $870 and all-in sustaining costs ("AISC") per ounce of $1,169."
Anyone defending $NEM costs of near $1600 as 'new normal' is nuts.
I keep reading Kinross's earnings report and production guidance over the next 3 years and I literally cannot believe how cheap it is. They did over a billion USD in FCF this year. The FCF yield is well north of 10% and growing at this gold price. It's crazy cheap. $KGC
There is no lonelier place than buying into the abyss of gold stocks before the turn... even when you've done it time and time again. Always lonely. Always painful. Like running a long vol strategy.
I have a secret that I'm ashamed to admit. I'm up a ton on $AEM and just can't bring myself to reinvest due to my anchor price average so I have been buying Barrick $GOLD as a catch-up play in my IRA with the Agnico dividends.
Nintendo has broken ground a new business model. They can use their movies to advertise their games and get paid for it. Imagine having negative advertising costs going forward. It's crazy to think about how powerful that is as a model. $NTDOY $7974
Tom Palmer says that Newmont is a once in a generation buy. $NEM. A buddy alerted me to the fact that he actually stopped his automatic monthly sales in November.
AGNICO EAGLE REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS - RECORD QUARTERLY AND ANNUAL GOLD PRODUCTION AND FREE CASH FLOW; RECORD MINERAL RESERVES INCREASED 10.5%; UPDATED THREE-YEAR GUIDANCE $AEM.TO
So basically this $MO $PM has played out exactly to plan. Juul CEO steps down, an Altria guy steps in and the the heat not burn is now the safer option. When Altria rights the Juul ship it will be worth even more. It's like big tobacco wrote the script for themselves here.
This seems pretty bullish for $BTI considering they have 50% market share of the US vaping market and there are only 3 companies authorized to sell vaping products legally... and $BTI is one of them.
The passive guys who started investing in 2013 and never had a drawdown who keep saying "save 180 bucks a month and you're a millionaire in a few/10/whatever years" is the BIGGEST behavioral bubble I've seen in my life. The markets since the GFC ARE NOT NORMAL.
1) I'm relatively new to this Silvercrest $SIL $SILV story but I am rereading all of the PRs from the past year and it is complete insanity. This is the story as I understand it as a crack retail metals trader. The important points -
$MAI.v is getting to the point where it is so cheap it's ludicrous. The Santana permit "amendment" + the CdO permit are worth more than the market cap now IMO. It's a rare situation where the gains are staggeringly asymmetric regardless of gold. I've added another 350k here.
Buyer in $MAI.v today. People are understandably keying on permits but in that are really underestimating how much money is in the Santana dirt that is being stacked right now. Some of these ounces are 50 percent north of the average grade. These could be $1000+ margin ounces.
Somehow Minera Alamos is able to earn 1.5 million dollars while selling 2,675 ounces of gold in a quarter at a mine that should be doing 6,000 ounces. It's pretty remarkable. Most companies would be bleeding cash in this situation. Imagine when times are good. $MAI.v $MAIFF
Desjardins positive on $MAI.v $MAIFF copper news. "rare, low-capex hurdle to first production, and does not need the involvement of a major strategic investor to complete the drilling required"
1$ target
No aggregates. No gravel, no sand, no cement. It's just really hard to imagine this happening full scale. It's like the climate people saying we just have to all ride bikes tomorrow.
Nice Doug quotes
"Cerro de Oro is going to generate so much free cash flow that we are going to struggle to deploy that efficiently in the business"
"Plug the current gold price into the Cerro de Oro PEA (up from 1700) and the numbers get 'cartoonish'"
$MAI.v $MAIFF
Spectacular hits at Canada's highest grade gold mine. Eagle River is going to continue its turnaround and Dome is going to have not one, but two high grade mines in a tier 1 jurisdiction BOTH w/declining costs. $WDO $WDOFF
The metals markets are showing signs of severe stress. How much longer can they keep the lid on things? We had the gold spread blowout yesterday, palladium and rhodium are completely unhinged today. I have never seen them move like this. Cracks are forming.
Wesdome getting awfully close to the 9.50 CAD stampede level. Stock acting an awful lot like Kirkland Lake Gold in the early days. 2 mines with DECLINING costs going fwd with the prospect of running way over the fake reserve grade at Kiena and hot hot 311 zone at ER.
$WDO
Did anyone notice $AEM's monster breakout yesterday?
Ammar Al-Joundi told us point blank on his recent Kitco interview that earnings are going to be great and Detour Lake is going to produce a million ounces per year until thee sun blows up.
Monster quarter out of the Dome. 707$ an oz at Kiena at 13.5g imagine what cash costs will be when Kiena is running well north of the fake reserve grade. Fred leaving is certainly surprising. It doesn't change what's in the ground but SUCKS! $WDO
10. Noninflationary investments such as gold, silver, commodities, and Bitcoin are playing an increasingly important role for investors. We introduce the new 60/40 portfolio.
Eric Sprott bought 27mln CAD of Silvercrest THIS WEEK and Craig Hemke is asking him about Ascot and Goldspot. This is his bigger investment than he made in Continental Gold and frigging crickets. Why is this a secret on the wrap?
#Sprottwatch
ODEV has sold 17 million shares of $MAI.v in 6 weeks and the stock is down a penny while the $GDX is down 10 percent. That's one heck of a solid stand.
$DEF.v starting to grind up from the 10c lid. No warrant until 20c. Could get there pretty quickly w/any sort of decent Mx news. Recall this used to be 1$+ stock before they lost Tepal. They now have it back with official court stamp. Could be biggest multiplier I own IMO.
IF I were a $KL shareholder, I'd vote no to this deal. I just don't understand what the $KL shareholders are getting out of this unless there is nothing left to find at Fosterville.
It seems the main reasons must be change of control paydays on a no premium deal.
Record production from the Dome as Kiena Deep ramps. Record throughput at Kiena from 129 which means they are mining the stopes at a good pace w/o rock problems. Debt free let the cash build begin... a tsunami of cash is coming. $WDO
One can basically never win owning gold stocks broadly. Market down, gold stocks down, then the market rallies and they just go lower. It's really a sad existence.
Dome out w/Q1 numbers. Eagle River running hot hot hot again at 15g+ w/910 USD cash costs due to mine sequencing. Even w/Kiena (not deep) zone drag were FCF +ve 19.5 mln.
Kiena remains on track to unleash the beast in the current quarter.
$WDO
@fleckcap
Thanks Bill. Hopefully points 6-11 made it thru. Twitter messed up the reply function. Here the balance of it. If it's duplicate, my apologies.
Just a reminder for those who think the Mario movie is a one-off. $NTDOY $7974
Literally the voice of Mario tells you in an interview there will be a UNIVERSE of these movies in 10 years.
Chris Pratt just spilled the beans at 1:45
"What we can expect over the next 10 years. An entire UNIVERSE of these things (Nintendo movies)."
The voice of Mario knows what is in the works.
$NTDOY $7974
BREAKING: Iran Missile Strikes inside
#Pakistan
, less than 24 hrs after its strikes in Iraq & Syria. Tasnim reporting Iran hit Jaishul Adal inside Pakistani territory in Balochistan.
I'm excited to share my podcast with Doug Ramshaw (
@dougcan
), CEO of $MAI.V.
We spent 90 minutes diving deep on:
• How to build a profitable mining company
• How to analyze projects
• Stewarding shareholder money
• AISCs and IRRs
And more!
Enjoy 👇
My buddy sent this to me. Hilarious. This is why they don't take my questions on the Wesdome calls even though I'm dialed in and waiting in the queue. $WDO
Imagine the following 2 things.
1) Next month the Mexican Supreme Court nullifies the entirety of the March 2023 mining law
2) AMLO backs off open pit ban bc he knows he doesn't have votes/doesn't really care/all posturing/whatever
How much are some permit purgatory names up?
Someone wants to own $MAI.v and he's sucking up frustrated retail holders. He's reset the floor from 28c to 32c and he may be ready to start paying up from the way this is looking to me.
I'm accumulating $EDV.to in a big way. I read their deck awhile back on the advice of my buddy who does way better DD than I and I was blown away how cheap this is if executed well.
@RealRickRule
called it his best idea in high growth production and I believe him.
Dome running back to 52 week highs. Imagine we gap up 2$ when they report this week and we get the first real Kiena quarter (along with some good tea leaves🤞) $WDO
More from my TA guy as $MAI.v was triggered with his weekly number. If we get to 53-55 on a rope, ideally we hit 99 to 1.09 range by Q4 and then 3 CAD by Nov 2025. November 2025 target assumes 2 producing mines + acquisition he says.
Thinking on new chair of board at $WDO Wesdome and I'm lobbying for Tony Makuch. He must be dying to get out of this $DSV Mexican disaster not of his own making.
Reasons...
👇
Someone bought 4 million shares of Atlantic Gold yesterday and it received a 40% premium bid for the shares this morning. It averages 400k shares per day. Unless this was some fund rebalancing, or the acquiring company, this is totally blatant insider trading.
The long $SILV setup looks good here going into first pour. Insiders bought decent chunks at the recent lows. If this reverses course w a little juice from silver, it could be 10+ in NY minute on first pour. On time on budget. It's a big mine.
I have rarely seen such a pathetic sector as precious metals and pm mining stocks these last couple of weeks. Capex blowouts to flat out reserve restatements BY HALF... whatever good will was built by honest guys has been totally blown.
My TA guy tells me that "the biggest bags come from the sh*ttiest environments"
Something to be said for that here. I have 1,025,000 shares w/a 38c CAD avg. The plan is to sell it at 2$. $MAI.v
Wesdome call
$WDO
1) STILL serial cappers and it is even worse now. We continue to lower the cap when we find kilos of gold to "reduce risk" 🤣 . Translation - grade at Kiena can reconcile way higher.
2) Mining the schist is going even better than we internally modeled.
$MAI.v $MAIFF buying continues after Friday's afternoon bump. Recall the TA weekly close trigger happened a couple of weeks ago and my guy says 53-55c on a rope. Keep in mind as well that the Mx Supreme Court is to issue a ruling on the unconstitutional mining reforms.
I was traveling yesterday but noticed some upgrades and price target increases in some core positions.
$RIO.v big time upgrade to 60c from 40c by Raymond James and a ratings change to OP.
$WDO Canaccord gets one step closer to "throwing in the towel" as a bear 8.50 to 11.75