Read Eagle’s PEA is out, implying a NPV of $153 million. Here are some highlights: — Assuming a long-term forecast gold price of $1,300/ounce gold (“Base Case”) pre-tax Net Present Value (5%) is $153 million, Internal Rate of Return is 47% and payback is estimated at 1.4 years; — Underground resources outlined in the PEA… Continue Reading

Source: Karen Roche of The Gold Report  (9/18/13) Many mining companies find themselves in a high-grading dilemma, according to Brent Cook, publisher of Exploration Insights. As companies deplete higher grade reserves, they have to acquire new deposits. But unless you are a geologist, don’t look to NI 43-101s to always give you reliable information about the quality of a… Continue Reading

Another good sign for the resource equity markets; Paul Matysek’s Goldrock Mines (GRM:TSXV) quietly raised $9.24 million by way of strategic investment by Austral Gold (AGD:ASX) consisting of units at $0.80 per share (with an $0.80 warrant).  This represents a 51% premium to yesterday’s closing price.  After closing, Austral will own approximately 15% of Goldrock.  Austral’s… Continue Reading

After today’s Fed bombshell all eyes are now focusing back towards the mining & resource space. I have selected four charts (two seniors and two juniors) that contain a significant amount of risk-adjusted potential: Click to enlarge ABX FCX CNL.TO EDV.TO ABX and FCX hold anywhere from 10-50% of short-to-medium term upside, whereas CNL and… Continue Reading

This week 34 year old Sandstorm Gold (NYSE:SAND) CEO Nolan Watson bought approximately $50,000 worth of his Sandstorm Metals and Energy stock in the open market, according to INK Research, bringing his total ownership of the Sandstorm Gold spinoff to 159,399 shares, or approximately half of one percent of the company. Last September, Nolan and… Continue Reading

Ginguro Exploration (GEG:TSXV) has a new insider. Robert McEwen, the self-proclaimed ‘Chief Owner’ of McEwen Mining (he owns 25% of the company) and co-founder of Goldcorp has invested $1 million into GEG via $0.10 unit ($0.15 ½ warrant) private placement through his Evanachan Limited. This brings his ownership up to 18.5% in the junior Canadian… Continue Reading

Newmont Mining (NEM:NYSE) announced this morning that it has signed a letter of intent to sell its Midas operations in Nevada to private equity firm, Waterton Global.  Midas has been a staple of Newmont’s Nevada operations as it is a high grade gold-silver and has been in production since 1999.  Many analysts already anticipated depletion and shut down of… Continue Reading

In July of this year, a favorite of Rick Rule and Brent Cook, Lydian International (LYD:TSX), took it on the chin following a resolution passed by the Armenian government that modified the basin to the Lake Sevan.  This led to Lydian essentially having to bring their heap leach and processing site plan back to the… Continue Reading

Here is an 11 minute interview with Pat Di Capo, CEO of Power One Capital Markets. Pat is a beast. He structures and buys big positions in junior resource deals such as Continental Gold, Dalradian Resources, Aurelian Resources, Petrolifera, Ryan Gold, and countless others. Pat has raised over $1.75 billion dollars for private and public… Continue Reading

The Federal Reserve will issue its latest verdict on monetary policy tomorrow at 2pm EST. In addition, the FOMC (Federal Open Market Committee) will provide its latest economic guesses …err….forecasts which will be heavily parsed over by market participants. This will be followed by Chairman Bernanke’s grand entrance to his press conference in which he will… Continue Reading

Kobex Minerals Inc. (TSX:KXM) has $34 million in its treasury; that’s $8.5 million more than the company’s current market cap. (46,082,413 shares out, last at $.55). KXM is effectively a cashed up shell looking for resource projects. “Kobex seeks to identify, acquire, and develop deposits which have the potential to be world class, in the… Continue Reading

I wrote my article on Robert Friedland so fast on Saturday I forgot to include a critical part of the story, notably, how he’s going to finance platinum production at Platreef in South Africa, amidst abysmal capital markets for mining projects. This is what he said: “We’re still running one of the world’s greatest exploration programs… Continue Reading

Bruce Duncan’s Canada Carbon Inc. (TSXV:CCB) has had a glorious summer. Here’s the 12 month chart: CCB data by YCharts The company holds four graphite properties in Ontario and Quebec, including 2 past producing graphite mines, the Miller and the Asbury. The Miller property in particular has investors excited, with high quality graphite reported at… Continue Reading

Endeavour Mining (EDV:TSX) has added some depth to its roster by bringing on Ian Cockerill, Miguel Rodriguez and Frank Giustra to its strategic advisory board.  The three new members will replace Jorje L. Gamarci and Dr. Antony Harwood.  The board now consists of seven members: Michael Beckett (Chairman), Ian Cockerill, Frank Giustra, Ian Henderson, Wayne… Continue Reading

This morning Dale Corman’s Western Copper and Gold (WRN:TSX) provided an update on the developments of their Casino project in the Yukon (see Dale Corman’s Western Copper and Gold Challenge: Developing a Low-Risk Casino). WRN has completed their 2013 field program which is the end of a six-year long engineering and baseline data collection program… Continue Reading