A couple of large uranium mines reported incidents in the last week that could potentially move the spot price of uranium higher. Late last week a fire was reported at the Rio Tinto Rössing uranium mine in Namibia. The Rössing mine is one of the largest open pit mines in the world producing 3.2% of worldwide uranium production in… Continue Reading
Thanks to CEO Chat friend Luc ten Have for bringing this to our attention yesterday: Feb 12, 2015: Second Exceptional Intercept of 82m at 20.4 g/t Gold and 1.94% Copper at Hot Maden Prospect, Eastern Turkey And here are the maps. This is a follow up to a Feb 2, 2015 news release: Impressive Intersection of 103m @ 9.0… Continue Reading
Via Energy and Gold.com: Some market commentators like to post bold headlines that make outrageous claims such as “Stock Set to Double in 3 Months” etc. While I do expect the junior resource sector to trade at multiples of current levels over the coming years, I prefer to deal in the reality of the next… Continue Reading
Via Energy and Gold.com: Silver broke out in impressive fashion from a 4-week old falling wedge on Friday: It’s no coincidence that the measured move from the falling wedge breakout targets the $18.50 area which also happens to be major long-term support/resistance. Lets take a look at the weekly chart to put the major test… Continue Reading
Does Early-Year M&A Activity Signal Market Bottom? A recent spate of friendly M&A deals announced since the start of the year raises the question: Do these deals signify the beginning of the end of a bear market that has lingered for over 3 years? These M&A deals also coincide (but are not necessarily related to)… Continue Reading
I just got off the phone with the Petroamerica Oil CEO Ralph Gillcrist in Calgary. The company has been under intense selling pressure in recent weeks, after having declined approximately 75% since September. Clearly, investors in PTA were caught off guard in the oil price crash, myself included. Ralph’s message was Petroamerica has a strong… Continue Reading
North Arrow Minerals (NAR.V) is a promising diamond exploration company with a portfolio of projects in Northern Canada. The company has extremely successful backers in the diamond industry, with Gren Thomas serving as Chairman, and his daughter Eira Thomas acting as an advisor to North Arrow. The Thomas’s led the Diavik diamond discovery in the… Continue Reading
During a period of polarizing precious metals and industrial commodity pricing, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments—opining on global counterparty risk, resource capital markets, capitulation, and more. When I asked for his expectation of a final capitulation sell-off in resource markets, Rick noted that, “We came… Continue Reading
Via Energy and Gold.com: The most bullish aspect of the recent equity market environment has been relatively tame sentiment. Only now after a 100+ S&P point rally within just 2 weeks is sentiment beginning to turn optimistic again: Source: CNN Money Fear & Greed Index If the S&P prints fresh all-time highs over the coming… Continue Reading
Bloomberg has an excellent video interview this morning with Rio Tinto CEO Sam Walsh. The commodities giant released annual results this morning with net earnings of $6.5 billion. Rio managed to beat estimates with higher output and lower cost even with the collapse in the iron ore price . Mr. Walsh mentioned in the interview he sees… Continue Reading
Lowell Copper (JDL:TSXV) has optioned another copper project, this time off of Cornerstone Metals (CCC:TSXV). Lowell will be able to earn up to a 75% interest in the West Jerome property in Yavapai County, Arizona. The West Jerome target is a large VMS deposit and is 2.4 km away from the past producing high grade (4.36%)… Continue Reading
>>Interview with Eric Sprott (MP3) During a time of currency volatility and returning strength in precious metals, Eric Sprott, Chairman of Sprott Inc. was kind enough to share a few comments. Regarding currencies, Eric noted that “I’m kind of shocked that the most volatile sector of the financial market right now is the currencies… it… Continue Reading
Mackie Research Capital, an employee owned investment firm headquartered in Toronto, intends to acquire Jordan Capital Markets, a broker/dealer based in Vancouver, for an undisclosed sum, according to a joint press release out this morning. The transaction provides Mackie with a greater footprint on the West Coast, and strengthens their venture brokerage business, providing growth… Continue Reading
Tarsis Resources (TCC:TSXV) and Estrella Gold Corp (EST:TSXV) two sub $3 million dollar companies have merged to form a new prospect generator called Alianza Resources. The new company will have a combined 22 projects in four excellent mining jurisdictions (Mexico,Peru,Nevada, and the Yukon). The deal is a smart move for shareholders as it will consolidate management expertise… Continue Reading
Via Energy and Gold.com: This is a question people have begun asking themselves this week. Previously the thought of a Greek exit from the eurozone brought about images of bank runs, stock market crashes, and other euro area members leaving the common currency. However, what if a Greek exit were to be contained and the… Continue Reading
