At the Subscriber Investment Summit in Vancouver on October 9th, Red Eagle Mining’s (RD.TSXV) CEO, Ian Slater, explained why his Colombian gold development company is undervalued. Red Eagle’s Santa Rosa project has some of the best economics of any gold development project in the world, with a 52% after-tax internal rate of return (IRR) and a… Continue Reading
Support/resistance levels are an important fundamental of technical analysis from which many other concepts/tools/indicators can be overlaid to create more powerful market analysis. Let’s look at the recent face-ripping rally in the Russell 2000 (IWM): Click to enlarge IWM found support near the 110-111 area many times earlier this year, therefore it is no surprise that… Continue Reading
Nelson Bunker Hunt passed away this morning at the age of 88 after a battle with Alzheimers disease. Nelson and his brother W. Hebert Hunt are famous for trying to corner the silver market back in 1980. The Hunt brothers managed to drive the price of silver to a record high of $49.45 per ounce… Continue Reading
Nautilus Minerals (NUS.T) has ambitious plans to be the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits. Nautilus was granted a mining license in January 2011 for the Solwara 1 prospect in the territorial waters of Papua New Guinea. In April, the government of Papua New Guinea agreed on terms to become… Continue Reading
A standout among three of the best Alaska and Yukon gold juniors today. Also, a picnic. Last month I had the opportunity to attend an analyst’s tour in Alaska and the Yukon on behalf of CEO.ca / Resource Opportunities where we checked out three of the North’s most interesting projects, run by three different companies. Each… Continue Reading
A relatively unknown European-focused gold developer called Euromax Resources (EOX:TSXV) has a market cap of just $26 million, but yesterday it secured a $175 million streaming deal with the world’s largest gold streamer, Royal Gold. That’s nearly 8x its current market cap. Euromax’s management is made up of most of the former European Goldfields executives who sold that… Continue Reading
[Sent to Premium Subscribers October 20, 2014] Investors waiting for money to flow into the mining sector may want to consider some alternative trading ideas in the interim. Colombian focused oil producer Petroamerica Oil Corp. (PTA.TSXV) offers a good risk-reward profile at its current valuation. With $65 million cash and $35 million debt, Petroamerica trades at… Continue Reading
With the marginal cost of gold production currently pegged right around $1250/ounce (Morgan Stanley Research) it is not surprising that this level has been quite ‘sticky’ lately, first serving as support and now as resistance: Click to enlarge After the $70 rally we witnessed in the last three weeks a consolidation between $1230 and $1250 is to… Continue Reading
Platinum Group Metals (PTM.T) has had 24 drill rigs turning on the Waterberg joint venture and Waterberg Extension projects. The drilling program has been successful at expanding and detailing the Waterberg T, F and Super F Zones. An updated resource estimate is under way which will be followed by a Pre-Feasibility study. Platinum Group owns 49.9% percent… Continue Reading
In what looks to be a classic example of “first mover advantage’, the billionaire Lundin family is acquiring one of the best gold projects in the world, in the worst market in decades. Lukas Lundin’s Fortress Minerals is acquiring the Fruta del Norte (FDN) gold project in Equador from Kinross Gold for $240 million in cash and stock. The… Continue Reading
Claudia is a little upset at me. She doesn’t like when I give out my phone number. “You’re going to get too many calls,” she said. Ok, but I want people to text me with questions for our “Ask Altucher” podcasts. But sometimes I pick up the call. Last night I got a call from… Continue Reading
Some interesting & timely commodities related charts via ARC Energy and Morgan Stanley: Click to enlarge
As reported earlier (here), billionaire Swede Lukas Lundin has been in talks with Kinross and the Ecuadorian government for a potential deal on the infamous high-grade gold deposit known as Fruta del Norte. After 5,200 shares traded today, the Lundin Group shell, Fortress Minerals (FST.H:TSXV) was halted pending news. As we speculated earlier, this would… Continue Reading
Pioneering Yukon mineral and mushroom prospector Shawn Ryan hosted Bob Simon of 60 Minutes recently. The media love Mr. Ryan. He made the cover of New York Times in 2012, and now he’s been immortalized on the most successful TV newsmagazine in history. “The norm is to fail,” Ryan told Simon on prospecting. “If you play one… Continue Reading
NGEx Resources (NGQ:TSX) is the only pure-play mineral exploration vehicle in the Lundin Group of Companies, one of the most successful natural resource development groups in the world. NGEx is developing a trio of staggeringly huge copper deposits on the Chilean-Argentine border that contain a total of over 28 billion pounds of copper and 19 million ounces… Continue Reading
