Once an investor favorite, Cameco Corporation (CCJ) fell on hard times following the Fukushima disaster in March 2011. However, now there is ample reason for optimism from both a fundamental and a technical standpoint: Click to enlarge CCJ Daily CCJ Weekly Uranium Supply/Demand Gap ( Cameco Investor Presentation) Fukushima’s most dangerous operation yields first successes… Continue Reading
Amir Adnani’s Brazil Resources (BRI:TSXV) has closed its acquisition of Brazilian Gold (BGC:TSXV) which it announced in late September. BRI purchased BGC using its shares in an exchange ratio of 0.172:1 putting a value of roughly $13.5 million on BGC and their extensive gold exploration asset portfolio in Brazil. Along with building Uranium Energy Corp (UEC:NYSE), Adnani… Continue Reading
According to Bloomberg, Goldman Sachs is trying to find a bidder for their uranium trading unit as the price of uranium continues to fall and regulators start to tighten up on the banks physical trading units. The Federal Reserves is scrutinizing banks due to lawmakers and regulators concerns that the banks abuse their roles in physical commodities… Continue Reading
Bob Quartermain’s Pretium Resources (PVG:TSX) should see some much need relief this morning after announcing they have surpassed their 4,000 ounce target production rate from the 10,000-tonne bulk sample being done on the Valley of the Kings material. PVG has produced 4,215 ounces of gold from 8,090 dry tonnes of material with approximately 1,815 wet… Continue Reading
Dr. John-Mark Staude’s Riverside Resource (RRI:TSXV), the prospect generator with precious and base metal assets across some of North America’s most prolific mineral belts, announced initial exploration results from their Flute and Lennac projects in BC. The projects were identified as part of a three year alliance with Antofagasta, the Chilean copper giant, which ends… Continue Reading
THE CALANDRA REPORT: Subscribe $91 yearly SAN DIEGO — Inovio Pharmaceuticals (INO in USA), a DNA vaccine developer I sidestepped for four years, is having success with a Middle Eastern virus. INO shares are raging today. Inovio’s J, Joseph Kim, via a persistent biz-dev executive, Bernie Hertel, has been on me, professionally, since 2009. Inovio… Continue Reading
Cordoba Minerals (TSXV:CDB) announced a significant but early stage copper-gold porphyry discovery in Colombia earlier, and it caught our attention enough to pick up a few shares at the open this morning (Do your own due diligence!). Read: Cordoba Minerals Announces the Discovery of a New High-Grade Copper and Gold Porphyry System Drilling 101.1 metres… Continue Reading
Simon Ridgway’s Cordoba Minerals (TSXV:CDB), which is in the process of combining with Ari Sussman’s Sabre Metals, and Paul Dias’s Minatura, has discovered a new high grade copper and gold porphyry system at the company’s 26,000 hectare San Matias project in Colombia’s Mid Cauca Gold Belt, drilling an impressive 101.1 meters @ 1.0% copper and… Continue Reading
Gold volatility, both realized and implied via GLD options, has dropped to the lowest levels since the April crash: Click to enlarge The average true range (Daily ATR-14) and CBOE gold volatility index (GVZ) are at their lowest levels since the April crash as gold flounders near the $1275 level. Major support remains near $1250… Continue Reading
[audio:https://blog.ceo.ca/wp-content/uploads/2013/11/Mark-ODea-Podcast-Nov-15-2013.mp3] Track record is everything in junior mining. Mark O’Dea took Fronteer Gold from a $1 million shell in 2001 to a diversified mine developer that sold for $2.3 billion to Newmont in 2011. The Vancouver-based, 45-year-old Newfoundland-born geologist also created Aurora Energy in 2006, and sold its Labrador uranium assets for $260 million to… Continue Reading
LUBUMBASHI, The Democratic Republic Of The Congo – Mining promoter Robert Friedland has released a preliminary economic assessment for a major Congolese copper discovery that he says could be one of the world’s lowest-cost producers. A preliminary economic assessment released Monday by Friedland says a two-phase mine at the site could be worth US$4.3 billion… Continue Reading
News release: Silver Bull Files Preliminary Economic Assessment Technical Report on SEDAR for the Sierra Mojada Project, Coahuila, Mexico. Related: Silver Bull CEO Tim Barry Discusses Sierra Mojada PEA SVB data by YCharts We seek Safe Harbor.
THE CALANDRA REPORT: Subscribe $91 yearly Thursday November 14, 2013 Mines are made, not found. That is Barkerville Gold Mines’ tagline for investor brochures. James Francis Gerard Callaghan spent upwards of $120 million making Barkerville mines and properties along central British Columbia’s Cariboo trend in Canada. Do you know the restaurant Max’s in northern California? “This… Continue Reading
Patterson Lake uranium explorer, Aldrin Resource Corp (ALN:TSXV) announced this morning that they have completed their radon survey on the Triple M project which is next door to Alpha/Fission’s Patterson Lake South discovery. ALN used the same radon contractor as Alpha/Fission used (RadonEx Exploration Management) which helped Alpha/Fission discover multiple high-grade uranium zones at their… Continue Reading
Highlights: Jewellery: The sector delivered another quarter of solid year-on-year growth as consumers across the globe, encouraged by lower average prices, showed an increasing demand for higher carat pieces. Investment: Demand for bars and coins grew 6% to 304.2 tonnes, with growth mainly coming from Asia and the Middle East, including Turkey. Outflows from ETFs… Continue Reading
