/biz/ - Business & Finance

Nothing ever goes wrong on September 11

Where we at Trillion bros?
80k here.

>>51345678
Could anons list some coal stocks? Preferably thermal but metallurgical is ok as well. I need to do some DD on these companies and see if they are cheap. Thank you in advance

Rana...

Jeff snider was right again https://thesoundingline.com/gasoline-has-now-dropped-more-than-at-any-point-in-the-1970s/

>>51346524
Trying to set some money aside to finally get into oil... How many months after the election will oil go back up? Companies like Athabasca are already nearing slurp territory.

>>51346575
I will buy either when oil touches the 200 week moving average or the day after the elections, whichever comes first.

>tfw my country has a full VAT on silver
Those silver prices are tempting, but I can't see how that would be profitable in the long run.

>>51346524
Middle distillates are the thing to watch going into the winter. European gasoil spreads are diverting from Brent.

Red, what do the charts tell you about oil amd ATHOF? What should I set a buy at?

>>51347385

Same here, premium + VAT on everything but gold and it means silver would have to nearly double in order for it to even be profitable.
It's like the longnoses don't even want people to buy metals.

$UUUU almost at $8, last recent high was $8.12. Let’s see if it can knock that down

>>51346575
Steady as she goes.

>>51345734
>no replies
Bullish for coal stonks

>If you want to shine like the sun first you must burn like it.

>>51347768
Let me take a look. Gimmie ten minutes.

>>51347768
Alright so looking at the daily for oil it looks like we might be in a bullish falling wedge, All major indicators show a bearish trend, we are under the 200, 100, 50 and 18 day averages. RSI was briefly oversold but looks like it might be coming out. Gary savage recommends taking long positions on oil BUT having VERY TIGHT stops. He's not making big plays here, just small ones. I would agree with his sentiment.

Weekly chart in just a sec that shows a better picture.

>>51349198
On the weekly chart we are embedded oversold. The pattern is mostly the same as the daily. However this chart presents a much stronger argument that significant downside is still to come. My target is the 200 day moving average at $62.88. I think we could get little pops up here and there with volatility but overall i think the trend is down for the next month or so. Fundamental macro arguments for my thinking, elections, recession fears as fed hikes rates.

So my play is to hold on and keep waiting for buy opportunities.

Athabasca next.

>>51349276
I think oil will mostly be a sell until SPR releases end in November. Henry Hub too probably, Freeport will resume LNG exports also in November

>>51349276
Athabasca is a much more interesting chart. Lots more to say about this one.

First of all we are at the 200 day moving average. This would normally present a great buying opportunity. That combined with the fact that we are at the lower bollinger band (a resistance zone) and RSI is oversold I would say this is probably a good strategic buy area (in my opinion, not financial advice). We're also about to come down to that blue trendline of support I sketched.

So basically on the daily chart there's a shit fuck ton of support zones coming up that could provide a really strong bottom. Athabasca makes money as long as oil is over $50 or so i believe so this could be a good time to take a posistion. It looks like this might be trading in a little bullish channel which I have sketched and also showed a measurement that there could be a 25% gain to be made here if the stock behaves in that channel. Given that there are three support zones tests on the bottom of this channel I would say this looks like a good buy and possible swing trade at this moment.

Coming up I will look at the weekly and a quick look at XLE to confirm.

>>51349345
How much medium sour crude is left in the SPR?

>>51349345
I agree.

>>51349404
I would say just like gary savage says if you wanted to take a trade here to keep your stops very tight.

So funny seeing all this neo-nazi anti-bayhorse fud and shilling. Actually its not funny, just pathetic.

Bayhorse is the chainlink of precious metals

>>51349404
Athabasca on the weekly still VERY stretched over the 200 day MA however there are a couple of support zones on the way down so I think thats less likely at the time being. RSI looks like its about to head lower which would indicate more downside however we are in a little upwards channel (sketched in blue) so my gut would tell me that its not the worst time to take a position but like gary said I would keep my stops tight.

>>51349506

>>51348072
>silver would have to nearly double in order for it to even be profitable.
That's true of nearly anything anywhere
People have no idea how much of any profit goes straight to taxes. If you're not doing a 100% gain it's not worth the time.

>>51349506

>>51349425
Although: https://www.reuters.com/markets/us/us-evaluating-need-further-spr-oil-releases-after-october-2022-09-08/
lol

>>51345734
Again, WHC if you have access to Australian market. It's a safe place to be but you probably missed most of the upside

>>51349617
Nice Wolfenstein shirt :^)

I will put in a small buy orders for ATHOF across the downsides to build a position wherever it may drop to. I don't know if by any chance you also want to look at ENCUF, because I don't believe in the current pump being long lasting.

>>51349979
Sure I'll look at encore.

I guess this is the moment to start building a position in miners if you're ever going to pick one.
Bought some Metalla.

>>51349642

One reason why I'm going to fuck off to some tax haven once I have made enough money to justify the move.
It's going to speed up the wealth accumulation process nicely.

>>51349979
So encore is currently in the process of getting over the 200 day moving average. I'm leaning more towards it being able to do that and the 200 becoming support. Justin has been absolutely screaming for two months that a large uranium move is imminent. I agree. There are pages and pages of macro that can be discussed which are incredibly bullish for the sector over just about every time frame, near term, mid term, and long term. It cannot be overstated how incredibly bulllish these factors are.

If this gets over the 200 day (currently on first breakthrough) then the potential for upside movement is very large.

The only thing in the way of uranium is a broad market crash. Thats the only risk that I can see and the only thing on peoples minds. The question is how much will it effect uranium but the consensus is that uranium stocks will eventually recover and out perform.

I'm holding large positions in uranium, about 30-40% of my entire portfolio and I don't care about short term drops, I just look for good swings here and there to minimize damage and maximize gain.

>>51350334
Also it looks like for the past week or two encore has been putting in a consolidation pattern which you can see as the most recent congested area on the chart.

>>51350334
I am sad I didn't buy at .80 ish thinking the September crash was coming so it woukd be better to wait.

>>51350434
Yeah it was hard to buy back then but you live and you learn.

>>51350434

Maybe this is really it, but I'm still of the opinion that we will take one more dip to lower supports before really going up.
That's because the supposed decoupling we saw happened in a position where I can't really trust it. General markets took a shit when Uranium got some good news which pushed it to the opposite direction.
I don't care what the fundamentals say until I have seen a proper resistance to the general markets without constant stream of good news pushing the price up. After all this market has shown that fundamentals aren't necessarily the driving force.
Until then I consider the prices to just pump on good news and those moves are never sustainable and we will return to following the general markets once the news stream runs out.
Though I do think that the real decoupling is coming within months from where we currently are if this isn't already it.

>>51350491
The only bright side I see is maybe my cash position would be better used on buying G&S miners now. I don't know though. Its funny, I wasn't sure if uranium had strength a month ago, now everything changed. Now I am wondering the same about G&S. Its hard to buy now, even after just experiencing this same thing. Do you have any thoughts of potential movements coming up? I want to buy, but all these juniors have struggled the hardest, and I am not sure if their struggles are not near over, or the worst is behind.

>>51350632
Gary says Yes precious metals. Yes on oil but with tight stops and caution.

I say yes on uranium but keep in mind i'm talking long term.

>>51350334
>Justin has been absolutely screaming for two months that a large uranium move is imminent
on what basis?

>>51348930
My brother... I have taken similar damage to my poortfolio. I'll drop out of 6 figures at this rate.

>>51349506
When the line to buy goes under the line to sell then I do a line before I line up another line to do

-Red

https://www.youtube.com/watch?v=177uqH0vN2w

Kek, opinion on this clip? Pan Man in particular?

https://www.youtube.com/watch?v=ZLaNhAgpUsQ

>>51351669
https://twitter.com/profitsplusid/status/1568282403604660225
>We may be seeing the beginnings of a big short squeeze in silver. The cost to borrow SLV has skyrocketed over the last 2 weeks. I went through much of this on the spaces event with @PalisadesRadio and my presentation at the Silver Symposium

Any other bros have Alexco shares change over to Hecla shares this week? The way Fidelity did it was they basically sold my long-term hold Alexco position, giving me a realized loss, then credited my Hecla shares with the cost basis at yesterday's Hecla price of $4.04 as a short-term hold position, opened yesterday. I think that sucks to not just convert the shares over, but sell them. I'm contacting Fidelity next week.

>>51352434
>over the last 2 weeks
now that's it's been 2 more weeks, why isn't The Happening happening?

>>51352434
Release the bonanza squeeze, I'm ready

>>51352238
I am not sure to be honest but Mrs Withersoon's character is correct about the fun stuff in coal ash. Depending on the deposit it can be extremely toxic, rich in all sorts of heavy metals and even radioactive elements like thorium and uranium. In fact most coal plants in the UK were generating more radiation than all the nuclear reactors combined many times over until better scrubbers were installed.

>>51352573
>>51352519
https://twitter.com/SRSroccoReport/status/1568249987435499522
>We Wish the #SLV Shorts all the BEST as the price continues to SURGE HIGHER.
>The cost to Borrow SLV ETF Shares jumped to an amazing 4.6% yesterday versus 0.18% in July.
>Will the Shorts win this battle with the Commercials now NET LONG?

My will is eternal, bankster won't make me sell until I see their corpses.

>>51350607
Good point. Maybe I will get a second chance.

>>51352699
>>51352434
Well shit. If its actually happening I hope I have the bare minimum holds. Aside from Guanajuto, impact, majestic, and blue lagoon is there any other I should have? I want to be sure my bags are packed.

Also if anyone still has bayhorse, sell on any pump and get out.

>>51352665
I remember you recommended gold mountain, is it still a good buy? The fundamentals never changed, just a mystery ceo raise at investor expense that sullied the picture and made everyone sell off.

>>51353290
>is there any other I should have
Honestly, at these price, everything is worth buying as long as its quality. Take a look at Stelmine Canada and Ascot Resources.

>>51353290
>he fundamentals never changed
They did. If they didn't, CEO would make another interview. What happened to that so called 3M revenue ? They lied. Of course, at these price, it might be worth taking a bite.

I'd call Gold Mountain a buy once it dips to roughly held cash. At that point who cares if the CEO is a scumfuck lying bastard, the risk return would favor hopping in.

I just want to remind people, THIS is the time when you buy, that's how you make fortune. Remember how it was in summer 2020. Reread the archive, now look around. People will laugh at you for buying shiny stocks.

I fucking move the price with a 500$ bid. No one is buying. Will it go lower ? Maybe, but will you be able to buy ? There is almost no shares. 10% downside vs 500% upside. Waiting is greedy and stupid.

>>51353290
ah not sure right now, Gold Mountain caught a lot of flack awhile ago from investors, they havent put out much news recently on how their projects going either.
>>51353411
Ascot has made a lot of headway on their Big Missouri underground mine this summer and their mill should be completed by the spring, their also getting ready for another major round of hiring for the project.

BTW Lion One is now cheaper than they were before they hit a 1500gm hole in August. Stupid cheap.

>sitting on 15 grand of profits

I'm getting fidgety, I want to buy something but I also want to see if everything crashes.

>>51353539
Yep. Just like in 2020 when people said oil is finished was and solar was the future was the best time to buy.

>>51353411
>>51353642
Will look at.

>>51353465
>>51353550
Definite a consideration of what is going on behind the curtain.

>>51350810
Fuel cycle. The processed forms of u308 that reactoes use is basically at zero supply and this trickles down the fuel cycle. The whole time uranium has been crabbing this past year this refined supply was being chewed through and now its basically gone. Now all the demand is going to hit u308. We see also entering seasonality. This is also when utilities begin contracting. Justin is expecting large moves by the end of the year.

>>51351170
My package isn't that big and that's a different ginger phenotype than what I am. I'm the attractive kind. That's the soulless kind.

>>51351170
And the gay kind which I'm also not.

>>51353539
>>51353967
I don't think many are saying that gold is a bad investment right now. On the contrary I've been seeing more and more people saying they would be buying gold. I think gold still has downside before going up. With rates going higher I think gold has yet to have its capitulation moment. Maybe a big dump to $1,500 or so will shake out the weaker hands before it will run up. See case GFC for how I expect gold to perform.

I bought this piece of shit back before they did their reverse-split and so far Im down almost 60%, should I drop it?

>>51354948

I dropped it at a 45% loss after their drills revealed nothing.
The only thing that will make them go up is if they find something and there's million other better things I can park my money in while Azincourt does nothing.
They're in a good location and they're cashed up so everything looks okay from that point of view, but if they don't hit Uranium during the next winter drilling season then it's a dead stock and sure as hell won't make it for the bullrun.
Also it might not even follow rest of the Uranium market if the sector takes off either now or in the coming months, so it's a growing risk holding these explorers that haven't hit anything.

I am assuming most people in this thread are long term bearish on fiat currencies? To these anons I ask, where do you park your savings? Your emergency funds?

>>51356144
I keep several months of bills in usd currency but save in silver

>>51354223
thanks for the explanation

>>51356144
I pay out one year of expenses to my savings when I file taxes. All the rest on the market. Gotta play the game if you want to make it. 200 oz of silver for final funds.

Long term bearish on fiat but I can still make money on it in its death throes. You don't want to be another pmbug giving up all opportunity costs for decades waiting to be right.

>>51346524
If this is in reference to USA gas prices, what happens when the strategic reserves that Biden is raping to reduce prices runs out? It's at its lowest point in decades.

>>51356251
>>51356199

I see... I am building my "emergency" fund now. It seems kind of wasteful to keep it sitting in my bank account. I wonder if anyone has experimented parking their money on bonds/bond etfs, anything that can generate some yield

>>51356555
Bonds are getting HEEMed, anon. We're in a rate rise environment and will be for some time, short-term. Look at the chart for BND.

>>51345678
https://www.africanews.com/2022/09/07/un-weather-agency-predicts-rare-triple-dip-la-nina-in-2022/

Indonesia tin miners r fukt. Bullish for african ones

>>51356555
Have enough cash on hand to be able to pay all bills for 3 months, enough fuel stored for 6 months, and enough food and water purification for 1 year, and enough guns/ammo/gear to outfit a fire team of 4 men. Regardless of your investments productivity, you have enough supplies to plant some crops, hunt and fish, and forage while those crops are coming in for you.
Savings and investments are totally different things desu. It would be foolish to risk your savings on an investment. Never invest until you have a comfortable savings set aside, for your specific needs according to your lifestyle and dependents.
>savings
Cash, silver, gold
>investments
Whatever you like
>food
Dried, canned, smoked, frozen, pickled, etc
>water
Countless options. Research what fits your needs
>guns/ammo
Build your own. Cheaper that way

>>51356144
I keep most of my savings in cash right now aside from my apartment. Cash as in USD. But I'm accumulating gold slowly and I of course hold and trade stocks. Anyways gold is the long term savings I suppose but there is not a single asset I will hold onto forever. Depends on market conditions.

Doing some DD on Ascot, everything looks really good, why is this one not memed?

>>51357342
Ascot's had some funding issues due to Sprott wanting more info to shore up their resource numbers. Ascot didnt want to do the wider drilling campaign i think (i can double check that in a minute) so Sprott pulled a bunch of the promised funding for the Premier mine. Other than that they have been pretty solid other than having to dilute a number of times to pay the bills. Premier is a project that has a LOT of local support, everyone in the Stewart area including the local native bands wants the project to go ahead.

Just throwing out gogold and abrasilver if anybody hasn't heard of them. I consider them primo investments in the space. Gogold is a producing miner with good cash flow and tons of exploration potential. Abra is an explorer with retarded grades and reserves.

>>51357654
Will DD on them as well, thanks. Anything in the charts with gold and silver worth mentioning, or no?

Australian here, looking at getting into gold prospecting as a hobby instead of wasting my time playing vidya.
There used to be a bunch of gold mines in my state, so it could be a worthwhile endeavour.
Has anyone here had much experience with using metal detectors to hunt for gold, or is panning a more consistent method?

>>51357746
False breakdown. Higher low. U can see it for.yourself.

>>51357853
that depends heavily on your region in Australia, a good source for info on this would be a guy on Youtube called Vogus Prospecting, hes got great content on working creeks and metal detecting for free gold in reefs. Get to know your laws though before you start digging, its way more strict than many other parts of the world.
https://www.youtube.com/watch?v=UNBFw9-QiNU

>>51357342
It's on my shortlist, you get a lot of leverage with this name. US$120M mkt cap and they want to produce something like 160koz per year. They need a bit more funding which the CEO says he will plug with a royalty.
>>51357490
Was the delay because of more drilling needed? I got the idea that it was a permit they didn't receive in time and then they missed the schedule set out in the terms of agreement of the sprott loan. Not sure though.

>>51357922
i am fairly sure Ascot and Sprott got into a dispute over how data from drilling was being corrolated, and Sprotts lawyers / geos wanted further info to backup the existing deposits, while Ascot wanted to just go full long into funding mining / mill upgrades. It was over the spring when Sprott pulled a bunch of funding back on a number of projects that had failed to live up to expectations so it could also just have been caught in the cross fire of that situation too.

>>51357946
Maybe you're right, but it sounds kind of weird as they do have their resources in M+I and classified as reserves having done an economic study, I believe they did an FS.

>>51357853
https://m.youtube.com/watch?v=31AsBO4dqr0

I have seen people talking about vale lately and recall there is an infographic people used to post, anyone got it

>>51357946
>It was over the spring when Sprott pulled a bunch of funding back on a number of projects that had failed to live up to expectations
Good for us in the end because we have longer timeframe to get in now.

>>51358564
I never knew Vale had an infographic, who knows if any data on it is still up to date.

>>51356144
Personally not bearish or bullish on fiat. However, I do see very slow growth due to CB sentiment for major currencies, because of that, I'm increasing my positions every month.

>>51359583
I didn't really answer the question, most of my saving are in cash. My savings/investments ratio is slowly diminishing since I'm losing confidence on the dollar.

>>51345706
1300 here. NGMI, but I look forward to enjoying the ride.

https://www.mining.com/web/vale-posts-best-week-in-20-months-on-metals-rebound-nickel-plans%ef%bf%bc/

quick bump while i am up in the middle of the night

>>51353642
yep, sold at that time since I want to move everything on Interactive brokers. Will buy them later, not sure when but I really need lot of cash, too many good things to buy...

Also fuck the EU and Degiro.

>>51349276
it could touch the green line

>>51349276
>My target is the 200 day moving average at $62.88.
dude
thats the 200 week moving average, your looking at weekly candles
the ma function assumes the last 200 data points, not the last 200 days

Markets are flat lined today. like sonebody pulled the plug. Im gonna watch them closely to see where this tread of flat lines ends up on Monday.
I'm officially calling flat lines until monday morning. Never seen line this flat.

-Red

Just realized bayhorse is all time low, lmao

>>51365534
: )

Does anyone here think Shmita is real, or just hullabaloo?

Beaver creek precious metals summit next week, all the presentations should be online to watch.
https://www.gowebcasting.com/conferences/2022/09/13/precious-metals-summit/day/1

https://twitter.com/aschmidt2930/status/1568615521368608776
>Let's start with the supply side. 73% of silver is a byproduct of Zinc, Copper, Lead, and Gold.
>According to Eurometaux, half of the EU's Zinc output has already been shut off. As Zinc's smelting process separates the Silver from the ore, this is decreasing supply.

>>51353539
>If I draw line go up it will happen
Gold is a store of value not some speculative entity
Invest in Lithium, cobalt and zinc if you want to speculate

Bros… blue lagoon buy side is dead. Like dead dead. And the sell side is massively stacked. Even the eternal pumpers and copers are losing faith. Rana may have forsaken us all. QH that shilling mother basterd

>>51367347
It is a real thing in Israel, debt forgiveness et al. many of the country's most powerful people are Jewish so it's not that crazy. The timing is suspiciously perfect, covid lockdown pump into schemitah dump.
Despite that I don't base my trades on anything like that. Just like contrarian indicators Cramer/Cathy woods its a funny meme but not consistently reliable.

>>51368794
Something like ~27% of silver is primary right? Rest comes as a byproduct of smelting copper, zinc, lead etc. right?

Diesel crack spreads rising while inventories are flat in a season they are usually building. Either oil is too cheap or diesel is too expensive. What is the right call here? Do we still have lots of medium sour in the SPR for our gulf refineries? 48 api LTO makes diesel good right?

>>51369032
it fluctuates but thats probably an accurate number, its byproduct from processing, floated off separately in different stages of milling. Its always credited though at smelters when received from concentrates.

>>51369079
It really all depends on demand destruction. The market is afraid of it causing lower oil prices.
The fed is playing hawkish, but are they really going to raise enough to cause it?

If they pivot oil is definitely rocketing back up but I'm not betting on it.

>>51368973
Sounds like it's time to buy. This is where you make money, buying the bottom.

>>51369238
At least the shale cos seem to be practicing capital discipline. Seems like most increases in production are from already existing DUCs.

>>51353550
>ah not sure right now, Gold Mountain caught a lot of flack awhile ago from investors, they havent put out much news recently on how their projects going either.

They had production problems and are not producing gold. Q1 was a disaster and Q2 will be worse. Might be that their entire resource model is invalid, so they're preparing a new one. They might need a new PP, so there are signs of a starting marketing campaign.
Anyways, rather GMTN than the horse

>>51369439
I hope investors get even more pissed off, if gold mountain drops below 18M market cap I'm gonna a slurp some. As long as they don't go bankrupt it will go up from there.
Management is absolute scum but sellers are emotional, I'll buy that shit if the price is right.

>>51369439
that would honestly suck and would probably sink the whole project. At least they have everything else in order to operate. Did they ever get anything shipped to New Afton? Its been a hot minute since i checked.

>>51369501
>Management
This is the reason why I never wanted to invest, the CEO is completely new to mining as I remember it. So many disasters in this space, you simply have to have experienced leadership that has done well in the past.

>>51369634
This is especially important for companies going into or in production of course. Much harder to fuck everything up as an exploration company or developer if the asset is quality.

Anyone here trade futures? It looks like the most effective way to directly trade commodities

>>51369599
They only shipped some old ore left by the previous operator, not their own

>>51369439
Go for it, but if they dilute, you'll be dila tedlike the cowboys ladyboys

>>51369781
Pretty sure they did ship some of their own mined ore, problem was that the grade was much lower than anticipated.

>>51369804
Their shilled January pilot shipment was old stock.
They might have shipped something afterwards, but no significant revenue came out of it.

>>51368973
What exactly is going on with that anyway, hiding assay results, waiting for a permit?

>>51368973
eventually you guys will understand that Bayhorse is ALL publically traded junior miners.

not one in a thousand makes it or even wants to. Their goal is to sell you stock or sell other companies their ground. Not mine metals.

>>51370000
i would love to know which lab their sending their assays too, the backlog is not that bad compared to previous years.

>>51369828
https://www.accesswire.com/viewarticle.aspx?id=705151&token=omanyubgkabc3o3f4byc
>During the quarter ended April 30, 2022, the Company mined 15,063 tonnes of ore containing 1,898 AuOz and 1,697 AgOz.
Which is the same amount of ounces said to be delivered to New Afton. From an earlier release they guided for 1650 ounces in March and April, so clearly their grade from mined material is way lower than expected, which they also state in the release. They seem to be mining some very skinny veins that are also rather nuggety.
But they still managed a positive EBITDA of $0.5M, probably still a small net loss though. They did a large raise so they will have time to turn it around if they can.
They mined 4.24 g/t last quarter so that's still very high grade for an open pit. Cash cost $1379, could be worse.
Should have an update for 2nd quarter next week.

>>51370100
Think there might be something nefarious afoot?

>>51370114
their probably also dealing with too much dilution, if the viens are 1 inch across, but 3ft apart, that extra materials not carrying anything. Worse too those veins might be more fissile than the rock their hosted in. If so they will pulverize long before they reach the mill. They may need to invest in an ore sorting setup, but such a large scale i am not sure its worth doing.

>>51370288
not really in Blue Lagoon's case, they have everything ready but that final permit to mine. I really wish I had stopped in now while i was up that way a few weeks back, but it was totally the opposite direction to where i was planning to sample so no go.

More likely their just stuck waiting on results too or their waiting for a bit better ones to make an announcement. If its more of the same i ll be pretty disappointed, but what they have been finding isnt worthless either, just not the old school high value material i was expecting.

>>51369262
>bottom

>>51370297
kinda sucks when your values turn to dust and fall through the cracks.

an apron at the face might work, but only if you can scrape it clean.

>>51370550
It sucks but these things happen, this is why again so many of these projects fail or shut down without warning. Because little unexpected bullshit gets in the way, or someone didnt do their job right. The mine engineers and geos should have been able to see some of those problems coming, maybe they didnt think it would be so serious.

>>51370328
>waiting for a bit better ones to make an announcement.
Isn't that considered a bit deceptive?

>>51370297
Kind of sounds like Gold Mountain might just not be worth having money in at all.

>>51370732
I'm not sure there's an actual answer to the problem you suggest. Traditionally when dealing with friable mineral in narrow veins disseminated along faults and cracks in an underground mine I think we just lose most of the metal in the mucking process.

aside from converting to an open pit I'm not aware of any good solutions to that situation.

now that I think of it, maybe we should build the headings in an upward direction so when we're done mining we can hose all the muck to the sump and suction it out to get the metal?
has this been done?

>>51370297
Dilution is a problem for sure with their skinny veins. Just saw that they used 1.4 meter minimum mining width for their UG portion that will start later. That's some of the lowest I've seen, usually it's at least 2 meter minimum. Haven't seen what they use for their open pit minimum, but it is probably very optimistic wrt how much dilution they would get.
Their strip ratio is very high at 20 to 1. But their breakeven may be as low as 2.5-3 g/t if they manage to ramp up to 350ktpy as is planned. Likely higher now with their tiny operation.
>>51370811
It is an open pit currently.

>>51370797
>Kind of sounds like Gold Mountain might just not be worth having money in at all.
It's a speculative play, their cost of production is probably going to be rather high. But at this valuation you are getting a lot of leverage to the gold price, and upside potential if they manage to reduce dilution. Could explode higher in a bullish gold market. Also a possibility it just isn't economical, especially if gold price goes down further.

>>51370811
usually underground though that ground up mud and slime is recoverable, heck its usually some of the best grading material to come out of the mine. You mix it back up with the more course material before shipping it to the mill though so you get a bit better consistency. Thats what Eskay Creek used to do, their slimes were running up to 10 ounces a tonne for gold in some stopes. Open pit though is a bit more difficult, because your dealing with way wider amounts of material.
>>51370927
yea ramping up production usually helps weed these issues out, more material going to the mill, more consistent material too.

>>51371070
>yea ramping up production usually helps weed these issues out, more material going to the mill, more consistent material too.
And spreading out of overhead cost. Right now they aren't even producing 10koz/y, so smol.

One of my coworkers had a conversation with me today, and I heard about some kind of nuclear fuel cell for (potential use in) EVs. I guess the premise is that you can use depleted uranium atoms in some kind of carbon/diamond cage and it's a reliable power source? Not sure about this tech, it's the first I heard of it. Coincides nicely with the uranium bull run, but at the same time, I doubt they'd make technology that actually improves things for people.

>>51369010
>>51367347
It really makes you think, though.

>>51371240
yes actually the technology (or the concept) has actually been done since the 1950s! There were commercial prototypes out there, however worries about radiological waste being mixed in with everyday garbage and the fact they were far to bulky to be practical shot the idea down.
I know there was a documentary on this somewhere on youtube ages ago.

>>51371468
Whats the name of it? Might be an interesting read if nothing else

>>51371563
wikipedia has a good explanation
https://en.wikipedia.org/wiki/Atomic_battery

Youtube has a bunch of videos discussing them too but the one i am looking for seems to be gone. That one discussed the attempts in the 50s and 60s to use hot radioactive waste to make batteries for pace makers / medical devices.

>>51370927
>Just saw that they used 1.4 meter minimum mining width for their UG portion that will start later. That's some of the lowest I've seen, usually it's at least 2 meter minimum
even 2m is pretty darn thin. 3m at the very least is what I would expect from a proper mine so might as well double the tonnage and reduce the grade by half

Bunp

>>51373062
Yea, I doubt much of the UG resource is worth mining, if any. They should seek to ramp up the OP, even above the 350ktpy, to achieve better scale and lower costs.

>>51345678
>Prepare Uranus edition
Today's the day lads. What are everyone's predictions?

Will it go right?
Will it go wrong?
What kind of things can go wrong?
Do they go wrong often?
Price prediction for open tomorrow?

>>51376085
>1sTgAY
lmao

>>51376085
I'm new to this sector but why would anyone buy in at this moment? You'd think if you were a big investor you'd wait to see how smoothly the first drill goes before dumping a ton of money into the company. Maybe I'm completely wrong thi

>>51376338
Never heard "buy the rumor sell the news"?

>>51353642
https://youtu.be/GspzFItF4to?t=345

David Morgan talk about Lion One in his last video

>>51376386
Does smart money behave like that typically? I thought "buy the rumor sell the news" is reserved for us retards trying to 20x their $2000.

I know sprott was throwing money around last year when everyone thought PMs were on the verge of "mooning", but he stopped that kind of investing very quick.

>>51376338

Still waiting for arctic star results…

>>51376767
Snowline is a recent example. Pumped after news release and a lot of profit taking dumped it from $4 to $2.60. There will be more drill holes released soon, likely another chance to buy the rumor sell the news. News releases create exit liquidity.

Boomp

Has anyone looked at Paramount Gold? They have several projects in early development in the USA. Just getting baseline data for the permits in Oregon. Eastern Oregon where the locals seem willing, but i fear trouble at the state level. The projects in Nevada seem like old mines and might rely on fancy oxidation. How do you approach a firm at this stage? Invest? Trade? How do you feel about the US as a jurisdiction, more specifically Eastern Oregon, and Nevada? I heard about them years ago being shilled on proven and probable, but was recently reminded of them by the AMC crowd as they have a property near hycroft.

>>51378620
we looked at them last winter, I still have some notes on them actually. Has anything changed on their projects? Any major news? As for Oregon as a jurisdiction its not the best for mining, their government isnt totally mining friendly and they have a strong activist set in the State, so it makes getting major projects like mines found and built a problem.

I havent looked at their projects since but from memory they were pretty early stage back then, did they ever get anything done since?

Bumping wkend slow thread
Full moon last night. Went out to the lake this morning and got skunked. Maybe better in a couple days
Last wkend of bow season here so I'll be in the woods later today
You fellas keep it in the green.

Will steel experience a q3/q4 reduction in demand?

>>51378620
Do they have any mines running in Oregon? Seems like a very risky jurisdiction, and their projects aren't even very good so I would just avoid. The nevada project is like 0.3 g/t gold, even for heap leach that is not good.

David brady is bullish on Silver wtf bros

>>51376085
Looking at VIX, October 12th has an inflated call premium. Incidentally, there's a lot of puts on S&P for around that date. The market is basically pricing in a large downward movement by then.

For me, I have covered calls on CMRX and UUUU which expire this friday; CMRX rose 12% on 1/5th volume so I expect it to shit itself, while UUUU was sold ITM at 6.00 and I think I'm going to get called away. I want to rotate into URNM and SMR anyways.

Also have a spread for SPY for Nov/Dec that has a risk of $800, reward of $2000, breakeven of $378, max gain at $322... going to close it in October.

>>51379173
Presumably, but how much European supply has gone offline due to energy costs?

>>51379854
Reduction in industrial metal production precipitated by Euro energy crisis making supply drastically decline. Government solar panel subsidies?

>>51380107
Zinc smelter going offline is one point, its a combination.

A good thread also :
https://twitter.com/aschmidt2930/status/1568615521368608776

https://www.youtube.com/watch?v=AWZhZ9E8OJI

... Who longed wheat/oil during the beginning of the Ukraine affair and what profits were they like?

(Is commodities less random than crypto and stocks?)

>>51380957
Grains & such are normally really boring so I never bothered to learn futures. but you could have netted 50% + leverage on wheat.
Volatile times like these would be the ideal environment for trading in, same as forex.
the problem with trading these instruments in normal periods where it crabs is its completely random, you have to over-leverage to make any profits possible.

i think that's why most people in these threads only have experience with oil or metals, you can at least buy stocks related to them.

One thing that I have on my mind is locusts. Supposedly, they thrive after a drought, during a period when vegetation flourishes. It wouldn't be this year, but hypothetically 2-3 years from now it could be a thing.

>>51380957
Around March or April or so, I figured France would have a bad time due to being 70% base nuclear energy (due to rising costs / limited supply of uranium). However, I should have thought bigger and looked at shorting EU countries in general, due to the rising cost of energy across the board. Didn't even consider that eg hydroelectric would do poorly from a drought. Now I know for next time.

I can't claim to be a commodities expert but it does seem to be tangible, macro, demand driven. Macro situation hasn't changed. Companies that use processed materials (food, construction, etc) all have increased input costs, will raise their prices, expand their margins, and blame it on supply chain issues and inflation, and post record profits.

I do have an amount of CORN and WEAT, which has tumbled 20% since May or so. However, it's almost harvest time. I expect they'll pop off very handsomely soon.

>>51378952
yeah, not much progress as far as i can tell.

stumbled across this

https://www.youtube.com/watch?v=O6xKbDNsq34

maybe building some roads next year

>>51379461
they are estimating 6.5g/t for an underground mine in oregon. Is this any good? Are these estimates usually met?

>>51380712
Europe is truly screwed

>>51381563
UG mines wary all the way from 2 g/t to 10 g/t. It really depends on the density of the ore, the vein thickness primarily. But the mine is expected to be only like 50koz/y right? It's a bit on the small side, which is a minus.

>>51381563
>>51381805
in Underground mining your usually after higher grades. Higher grades over a workable width, anything over 1.5-2m is best. Some underground mines though go after super high grade, narrow veins, their usually extremely tight workings to keep costs down.

Listened to that couple hours long podcast Liberty Offensive had on his twitter and one of the guys brought up a very interesting company called Group 11.
Usually Cyanide based solution is used to extract gold from rocks, but Group 11 has a completely environmentally friendly water based solvent to achieve the same result.
This means these guys could basically ISR mine gold everywhere they want without any environmental issues.

Group 11 is a private company, but it was established by Encore Energy that owns a 40% stake in them.
EnviroMetal Technologies owns other 40% and is involved in this by developing the solvent used in the process. From what I gather they ship e-waste over to Canada and extract metals from that with their solvent.
And Sabre Gold mines owns 20%
Now these percentages might be slightly outdated because the podcast brought up GFG Resources as one stake holder and they're testing this mining tech in their Rattlesnake Project in Wyoming, a project that Group 11 will acquire 70% if this works out.
Can't remember what the podcast said their stake was, I think like 4% but I might be wrong on that.

Now I don't pretend to know a damn thing about the mining industry, but using healthy common sense I think that this could become a massive development.
100% environmentally safe mining method that allows mining in places that have so far been a total no go.
Also since this produces no wastewater and it's a self contained thing, so there's no need for water access and treatment either.
Only thing that's required is for the geology to fit the ISR mining method and it's good to go.
So far it seems like this entire thing is flying pretty much under the radar, so it might be worth keeping an eye on this one because all of these companies involved are very low MC.
Imagine if these guys start licensing their tech to everyone and this becomes a standard in multiple metals, since this isn't limited to gold. The upside in all of these companies would be insane.

>>51382002
So the big questions right off the bat: does it work, is it economical, is it feasible and is it mass reproducible? And would gold deposits even be fit for ISR mining in the first place if we used cyanide? Surely if they were the old-timers would have done that

>>51379984
MT which is a portion of european production shut down two plants bc of energy costs. I still need to look into how much they actually supply. I hear about these macro events but dont know how to play it. for instance I would imagine not enough supply would be bad but it could cause incresase demand and therefor price gouging and extra profits but there is a lessening in shipments for a year already so idk. being new to commodities it a bit harder to judge since they are real tangible things that cant be bullshitted with corporate speak. im finding it a bit harder to figure out how it all works

>>51382105

They've conducted the first phase of the tests on core samples they drilled from Rattlesnake and it looks good on that front.
You can check out some stuff about it here:

https://gr11tech.com/encouraging-gold-extraction-results-from-group-11-technologies-phase-1-test/

This new "EnviroLeach" stuff seems to achieve the same result as Cyanide based solvents, but in 5 hours compared to Cyanide's 32 hours.
Maybe that's why this is expected to work for gold in ISR where as cyanide doesn't.
Haven't come across yet why exactly this is better fit for ISR and makes it possible for gold and other metals.
And while it's more expensive than cyanide, they reuse the solvent while extracting the metals from the liquid and pump it back into the ground.
So they don't need endless amount of this stuff.
Worth keeping an eye on how their future phases go, because if the actual ISR tests work out, then this is going to be massive.
Not to mention there's no competition for this stuff either.

Only downside is that it might take a good while for this to reach commercial viability since they need to go through a gamut of tests to make sure everything works.
Not to mention the regulatory processes involved.
Good thing though is that Encore is comfy uranium hold and they're a major owner in this, so if this starts showing signs of working out, it should give Encore a very nice boost.

>>51381880
Yeah, if you want decent efficiency today you are probably looking at at least 2m width or perhaps preferably even 3m+ as the other guy said. As I have understood it the trend has been towards more bulk mining methods.
6.5 g/t head grade isn't very good if it's a small mine and you're mining 2-3 meter veins, but if the average width is 5m+ it's probably worth it. Just my guess.

>>51382591
>Only downside is that it might take a good while for this to reach commercial viability since they need to go through a gamut of tests to make sure everything works.
>Not to mention the regulatory processes involved.
don't forget general uncertainty about whether it's feasible in the first place. New technologies tend to be all-or-nothing deals. Either they end up working out or they don't. But interesting little thing they're researching right now. Not a bad asset for Encore

Post Black Swans.

>>51382591
Enviro Leach is getting a lot more attention in mining after its worked at a number of smaller projects. Fun fact they sell small batches in 10 gallon buckets through distributors, their trying to get the artisanal mining market addicted to their product instead of mercury and cyanide. I know one of the lead distributors for Canada, its really expensive but I might have to order a pallet to test out on some of my ores.

>>51382680
oh for sure, the place i was underground last winter the vein is only running 1.5gpt, but the veins were up to 60m wide!

Any thoughts on the large platinum miners?
Anglo American/Impala/Sibanye-Stillwater

>>51383094
Sibanye has some issues with their gold mines profitability and will close them soon as far as I remember. It's also in South Africa where the workforce seems to be constantly at odds with the mining companies. I don't know much about Impala but they're also in SA. Anglo American is likely the lowest risk choice since it's a big dumb giant of a company, otherwise if you're looking for better leverage to PGMs then you should probably consider the other two

>>51383089
Was it Goldex in Abitibi? I just stumbled upon this one recently, their reserve grade is only 1.6 g/t, amazing they are able to run this profitably. But for such low grade to work you probably need to have some kind of train system running, or rail conveyor I think they're calling it. That's what they do at goldex and the same for Alamos Gold's Young-Davidson mine. You have to be very efficient. And you have to have very wide zones of mineralization obv.

>>51383469
i was at bonanza ledge for osisko dev, good deposit, poor company.

>>51384066
Ah, they had to shut that down because it lost money, right?

>>51383469
Alamos has a conventional conveyor system to their hoisting shaft; I don't think that railveyor system has been implemented anywhere that I know of. Its a Sudbury company, neat, simple setup but I wouldn't want to be the first to try it out. Its been pimped around for years but no takers

>>51384234
i dont really want to go to deep into details but there was a LOT more going on in that project then that. It progressively became a poor work environment. Nothing ever got done.

>>51384572
Okay thanks, not sure about the difference or even the exact definitions of some of these words as english isn't my first language lol. But the young-Davidson mine sure does look very efficient and has built in a lot of automation I don't see often. They have some nice videos on their website.

Alright bros I found a pretty interesting document. Let's look at the data on offer.
https://www.energycharter.org/fileadmin/DocumentsMedia/Occasional/20220831_UA_sectoral_evaluation_and_damage_assessment_final.pdf

Here's what I gather:
>1: At least 35% of Ukraine's energy production facilities are in Russian-occupied territories, and at least 7% more are located close by to Russian-occupied areas and are therefore also under risk of occupation. The Zaporizka nuclear plant constitutes about 25% of Ukraine's energy production capabilities.
>2: Ukraine's oil refinery industry has been obliterated. All of the cities are either not operational or in the case of Kremenchuk, destroyed. Ukraine is therefore 100% reliant on petroleum product imports right now.
>3: Some portion of energy production is either destroyed or suspended for reasons like damaged railways. The numbers are not all available so I'll assume that at least 5% of Ukraine's power generation is either suspended or destroyed.
>4: Ukraine's energy consumption has decreased by about 30% and it is estimated that total electricity generation in Ukraine in 2022 will be 25% lower than last year.
>5: Ukraine has the third largest gas reserves in Europe, the largest of which are in Poltava, Kharkiv and Lviv regions and on the shelf of the Black and Azov seas. 90% of gas production comes from Poltava and Kharkiv. Today about 20% of Ukraine's natural gas reserves are under occupation, and average daily production has decreased by 11% (55mcm/d -> 49mcm/d).
>6: Ukraine has the biggest coal reserves in Europe at about 38Bt total. About 92.4% of these rich coal reserves are located in the Donetsk Coal Basin. Last year Ukraine produced about 29 million tons of coal, as comparison the average production per year was 80 million tons before the separatists took control of Donbas in 2014. About 63% of Ukraine's coal reserves are occupied by Russia.

Have a great start of week everybody.

Would buying explorers be a good idea in the current landscape? When it comes to evaluating value in a pm bull market, would explorers be able to make sufficient gains?

>be burger
>darth biden halts import of russian vodka
>buy all remaining russian vodka from local liquor stores
>profit
feelsgood

>>51385637
no not if were in for a serious recession. Recessions mean funding dries up, thats the time when even the best exploration projects can go belly up. Those with money complete their work and wait for better economics, those that dont usually go dormant or belly up.

>>51380957
I made 75% on my oil plays this year. Rotated into metals and bought property.

>>51385809
See, now it makes me second think the explorers I was looking at. Lion one and Abra look good, but they might not make it in this climate. Ascot should be producing soon though, right?

>>51386000
i'm a producer here in brazil , this thing is gonna pump right?

>>51386651
recession may not happen.

I mean you gotta be a bit bearish on the US dollar to invest in metals, energy, and mining, but the pessimistic sentiments in these threads are usually predicated on false premises. Biden forgiving student loans isn't inflationary because that money was added to they system when the loans originated, not when they were forgiven. PPP forgiveness was a much larger inflationary event in the US but it seems to be absorbed by rising wages. European collapse doesn't necessarily result in recession in the US since the US relies on Europe for basically nothing. Russia sanctions don't mean much to Americans or the dollar for pretty much the same reason. We've only traded with Russia for about 30 years, and cutting off trade with them does nothing to US.

actual factors that could plunge the US into recession are things like unaffordable oil, but we can easily afford $4/gallon gasoline at current wages. A contraction in our housing market could trigger recession, but it's been steadily booming since 2009. Rising interest rates could do it, but not at the rates the fed is currently lifting them.
So it's hard to say what "this climate" actually is. By most metrics we're in a bull market in the US, and the economy is doing too well if anything. Could be a bubble, but it's probably just post-covid inflation right now. Already priced in.

>>51386651
>>51387358
the upshot of all this in my opinion is something stupid like silver went up 15% since 2019 while wages in HCOL areas about doubled. Meaning when adjusted for inflation, silver has crashed terribly. Gold and other metals have also gone down against inflation in the US dollar.

so what we're likely to see is not necessarily a contraction of credit for miners, rather the simple fact that wages almost doubled while metals prices crashed in comparison to wages. And since miners play the difference between wages and metals prices, this could easily destroy lots of miners without a recession ever happening.

>>51387358
>>51387484
all this of course only applies to projects in the US, but in other places the wages are so low that even if they tripled suddenly it has almost no effect on costs from the dollar perspective.

but on the flip side if a mine was barely profitable while paying workers 3 cents per hour, it's going to go under if wages suddenly rise to 9 cents per hour. And lots of mines outside the US are barely profitable even with absurdly low wages. So dollar inflation can eat non-dollar projects easy enough just based on those projects being barely profitable to begin with.

bump

RAAAANAAAAAAA

Bump

Im expecting huge rallys in gold and uranium this week. Uranium is in seasonality and spot broke over fifty. Gold has made a higher high and broke over 1730 this morning. Pil is going to chop sideways. Stock market will be green.

-Red

>>51389477
checked, fellow poo maroon
also, bump

>>51390472
Oil*>>51386651 look at how much cash Abra has. They'll be fine

>>51385637
Early stage exploration is a bit like playing the lotto, those samples will be hit or miss and the first drill program can make or break the project, so gold price isn't necessarily as important, moreso the results. With later stage exploration/development you can gain a lot of leverage to the gold price, especially if the project is marginal. You can buy ounces in the ground for $10/oz or even less.

Bros???
>>51335696

Rana Vig has killed me. I have perished. Carry on without me Lagoon bros.

>silver

did I miss something we haven't gotten any new macro news

Silver bros are we back?

>>51391100
AAAAAAAAAAAA RAAAAANAAAAA
WHERE IS BONANZA GRADE YOU MADER GANG

>>51391731
>>51391734
Sub $20 silver isn't really sustainable as most producers are losing money.

>market pumps
>fertilizers dump
>market dumps
>fertilizers dump
Cool

Is this bullish or bearish?

https://www.jmbullion.com/adult-swim-comes-to-silver-coins-with-the-pickle-rick-release/

>>51392325
Besrish, means normie money is still in

>>51391734
yep we're black !!

>>51392325
*BURP* I turned myself into sound money Morty ! ahahhaha classic
I'm glad silver is releasing more mainstream coin editions, should draw in more apes for the squeeze
good stuff

>>51392244
I believe Putin announced Russia would be supplying ferts (potash) to poorer countries for "free" if necessary.
Fert dump might be afraid of missing profits due to that.

Blue Lagoon is truly fucking me sideways bros I can’t even exit dump because there’s 0 fucking liquidity. God
Damn mother basterd shillers really pumped this company up to be a gem when in reality it’s just another garbage tier dilution machine lifestyle company

>>51392651
Fucking Putler!!!

>>51393036

>>51393036
patience bro, if you want to exit you'll be able to when gold is up around $100

>>51393036
Are you one of the two anons here that have over 200k invested in Lagoon?

>>51391731
Maybe you should read the thread then, plenty of catalyst have been posted

BTW blue lagoon is only down because some fuckface anonymous has been dumping 10,000s of shares daily since February. Company is doing just fine, there no liquidity to sustain the stock price with this mich selling every day until we get some gold price action + BONANZA GRADE YOU BANCHOD RANA.

I refuse to be too greedy for a few penny. Decided to bite the bullet and raise my bid, took a new position in Hercules Silver at 0.09CAD

As QH say, this is an Eloro style deposit but in USA.

Momenthum magic number is daily close at 19.70$ from what I heard

>>51393980
Rana is trying to shake everyone out so he can have all the shares for himself!

>>51356889
Qrd on your indoor crop setup?

Orezone poured their first Dore bar today. I think it's probably high time I make a decision on whether I'm going long or not. I'll do some quick DD and decide this week. Should be an easy choice.

>>51345678
Has anyone got an idea of how long Europe will take to recover from the enrgy crisis?
Is it simply that there's infexibility in alternative energy suppliers that's going to take a coule years to address?

I'm trying to work out if bogling into developed europe while they're cheap is a play...

>>51385984
Fuck I wish I knew these powera

>>51393980
RANA YOU BENCHOD MODERCHODA BASTERD. RELEASE THE BONANZA GRADE.

>>51394641
Nobody knows for sure because it's a blizzard of variables and uncertainties. But I think it's safe to assume that the effects of this energy blunder will be felt for at least five years. How long energy costs will remain elevated, and how elevated, is anybody's guess. Along with how badly it will end up affecting consumers, industries and governments. Rest assured it will be bad.
>Is it simply that there's infexibility in alternative energy suppliers that's going to take a coule years to address?
That's one big reason. You don't replace your biggest energy imports overnight, and now that Europe is bidding for LNG along with Asia it's to be expected that prices will remain elevated for a long time even after the supply concerns in Europe have been addressed.
>I'm trying to work out if bogling into developed europe while they're cheap is a play...
What does this mean? You want to move here? It's not cheap let me tell you.

Snowline up over 17% today on OTC, possible leak, rumors of monster assays coming. Strap in for the moon launch

>>51394742
Bogling, bogle method: to invest into trackers like s&p 500 gradually over time.

The question is: is europe a good place to invest now, assuming the energy crisis (but not the recovery) has been priced in?

>>51386651
Ascot should be ok, their actively building a mine currently, and are getting very close to production. Early stage explorers though could be in serious trouble if we go into a recession.

>>51394871
Oh I see, it's like dollar cost averaging then.
>The question is: is europe a good place to invest now, assuming the energy crisis (but not the recovery) has been priced in?
Hard to say. I think equities have been beaten down pretty badly already but there is real risk of a major recession or depression. Some industries have been hit very badly by this current crisis to the point where governments are guaranteeing bailouts already. So in the short term, really hard to say whether Euro equities will recover or keep dumping. I think that there are a lot of risks in being invested in the Euro or European assets right now. Increased risks of war, high energy prices, recession/depression risk, and even big currency risk since certain countries like Italy and Greece are well known for their awful financial state of affairs. Personally I'm not keen on investing a dime into European companies for the foreseeable future. Maybe after some of these risks materialize.

>>51386651
>Lion one
they have 8 drills, their own lab and 30 million in cash and no debt.

If they don't make it, no one will.

>>51394570
Thats from early spring. You can do it late sunmer for winter crops tho. I use the big window and lights to germinate seeds and they're a few inches tall. This helps them maintain soil temps they like for the first couple of weeks before I move them out to the garden. They have a running start this waydwmdph

>>51394871
"For me, it's waiting for mass capital flight to the U S of A."

Vermilion upgraded their hedges for 2023. EU natgas hedges went from $22.95/$32.20 floor/ceiling to $45.19/$75.96. Over 50% still remains unhedged. I love this company.

>>51394641
It seems like a food crisis is very possible by next spring in Europe. I think these countries have a long ways to plummet still. That and with all the globohomo govs in western Europe doing whatever they want at this point, I'll personally stay away.

On fire, imagine this at $2000 gold

>>51396566
>No infrastructure. Have to access by helicopter. Frozen for 8 months of the year. Eight years from becoming a mine at least.


Ok.

>>51396793
But hey the drill core will maybe be very shiny though.

>>51395698
Badass, need to look into do that in my shitpartment.

>>51396115
You love to see it
Largest position in my portfolio

>>51396793
helicopter fud, kek, they have 30Moz+

https://www.youtube.com/watch?v=z5a3onDBlB0

>>51397044
Yeah well blue lagoon will have 90Moz

>>51397073
>blue lagoon will have 90Moz
I hope so, but currently it's more likely they have 90Moz of poo

>>51397044
>>51396793
They will have to start thinking about road access, helicopter only access really limits what you can do on a project. Snowline likely already knows this, they will probably start talking with the Yukon gov about building one.

>>51397044
You know it's way too early to conclude that.

>>51393733
Pain.jpg

>>51397073
>>51397157

What a close! Time will tell, but with their intercepts over hundreds of meters starting near surface they seem destined for a buyout from a major that should be at least $40+.

>>51397680
Why would anybody pay more than $5 billion CAD for this when GBR went for less than $2 billion? You're high on exploration stage optimism!

>>51397913
3x the oz of Great Bear, maybe moar. Moscow gold exchange coming, the comex/lbma fake price is in for a battle

>>51398052
Show me the technical report that proves your claim. And also, ounces in the ground are not made equal.

>>51398103
>ounces in the ground are not made equal
true, Snowline isn't nuggety, recovery rates will be off the charts, cheap, shallow gold.

https://snowlinegold.com/news/

>>51346524
based eurodollar university enjoyer
these faggots STILL haven't added eurodollar university to the OP

>>51398198
I'll wait for the actual metallurgy results before concluding any of that, just like I'll be waiting for more results before concluding it has 30Moz or even a third of that. Let's not put the cart before the horse.

https://www.miningnewsnorth.com/story/2022/09/09/news/hecla-mining-finalizes-alexco-acquisition/7526.html

Hecla is already a major silver miner, with Alexco under their control their going to be absolutely massive. Once Dolly Varden gets taken over by them in a few years Hecla will be unmatched in North American silver production.

>>51398453
Wow, nice acquisition from Hecla. They absolutely raped all of the Alexco shareholders. I bet they are pissed off about this one

>>51398453
hey pan
pls add Eurodollar University to the recommended channels if you're doing the next OP

>>51398302
Let's just let the tards tard. We've seen this dozens of times. Remember when we told them from every angle to take profits two weeks or whatever ago and they didn't and rode a thirty percent correction down saying it was going to ten bucks.

Not that it won't go to ten bucks, not that it won't become a mine. They're just moon boys with no common sense.

>>51398557
I certainly hope it goes well for the permabulls, if it takes a big enough dip I'll be more interested in buying myself too though. Right now buying is too risky for me. Lots of expectations baked in as we can tell from the 30Moz and exorbitant takeover price targets this early on. And the bid/ask spreads are ridiculous. I'm not interested in buying right now that's for sure. Make it cheaper and give me more data first, then I'll be more interested.

>>51398557
this tard is up 925% and told bros here it looked good last summer when it was .20

>>51398684
a market crash with the Dow going to 25,000, or less, could happen. If it does Snowline might be a buck again

Cast your vote, is silver squeezing or just another fakeout like in 2020.

>>51399385
i vote fakeout

CPI Tuesday lads, coming in hot over 9% and back to back up day for PMs?

>>51399385
I'll vote fakeout. I've been hurt too long to believe.

>>51399999
Let's see who got it

>>51399999
Well I'm retarded

>>51399996
lol

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/620-tsx/moz/127774-marathon-announces-150-million-bought-deal-financing.html

Another one falls victim to capex blowouts. Marathon recently raised their capex expectation from 305M to 370-390M, now they are increasing shares outstanding more than 50% at a 50% haircut to SP just last month, damn. The market is tough right now.

>>51397044
>fud
Reality is really real. Some say it's the most realest, more realer than everything else before it.
I've said it a million times about all these scam miners that you idiots dove into years ago. I warned you before this general existed. Mark fucking twain warned you. I've been studying mining history as a hobby for almost a decade now, even joined historical societies dedicated to mining history.
>muh charts and graphs
>muh experts
>muh samples
The more things chamge the more they stay the same. How many of you followed silverjew into these scam companies? How much investment was lost behaving like moonbois?
Dont (You) me i dont give a fuck what anyone has to say anyway
>Lassenfromthewest.jpg

>>51400314
I agree that it is a hard industry to make money in, you just have to look at mining companies' performance over the decades, not exactly great compared to the S&P. That said it clearly is possible to make good money if you get in the right companies and at the right time. Also people here are bullish the mined mineral, so it's a way to leverage your investment, not because we think mining is a particularly great business in itself.

>>51399014
I bought it at .07.

If you don't take profits at a 10x then you're a tard period. Congrats on your win bro. Don't let it get to your head and be careful.

>>51401494
I'm finding myself going more and more into impact silver. They've got money and a fuck you stance when it comes to the markets.

>>51402867
I bought a small amount of additional today, and impact was my bigger buy.

>>51398453
Another one I will have to DD on tomorrow. Any chance there is a quick rundown on Hecla?

>>51402867
Last I checked they were barely turning a profit when silver was mooning, and no meaningful growth coming in. Has anything changed with the company significantly?

>>51403188
Not that I know of but they are the "fuck you" mining company. We have no debt, fuck you. We have hundreds of millions of ounces, fuck you. We're in jo rush until silver moons, fuck you.

Might be the best junior mining play. They have great leverage to silver. Lots of 7-10% rally days. Maybe as safe as a junior as you can get.

>>51403272
>We're in no rush until silver moons, fuck you.
I remember people saying Graeme Cracker is trying to bide time before mining to sell all silver from their mine in a bullmarket. That is why they are stopping short of production all the time
Thing is the stock is fucking 3 cents now. They will go bankrupt because diluting is not going to work anymore. If they ever want to survive, they need to sell cheap silver for the sake of staying afloat to even see the bull.

>>51402852
>If you don't take profits at a 10x then you're a tard period

Does Sprott take profits every time he gets a 10x. Come on bro, every situation is different, there are too many catalysts here, this could be a 100x in a few years for those who got in cheap. I might sell 1,000 shares when it hits $10 and I have a 40x

albania?

>>51403272
I love Impact, it and Guanajuato are my 2 biggest Mexico silver positions. I hope Fred lives long enough to see silver hit $50

>>51403272
Well I hope it works out for you. The fact that they can't make money at these silver prices at least means that if silver went to say $30 their margins would suddenly improve a lot. That's the thing with these shitcos, leverage comes from unprofitable operations at current commodity prices

>>51403161
Highlights
>one of the USs oldest mining companies
>very forward thinking, their always planning the next project 20 years in advance
>multiple mines in the US and Canada, as well as multiple exploration projects both fully owned and partnered
>they fund explorers to find mines, than partner in their building and operation until a buyout is arranged.

Their an excellent company.

>>51404496
Why do they seem so cheap? I expected $20+. Just undervalued? Also are their jurisdictions fine? Going to go in depth when I get the chance, but better ask this now.

How will Russia losing effect the commodity markets?

>>51404730
I don't think much will change cause they're still going to be sanctioned but if they officially pull out then energy and food will go down for a bit

>>51404730
>We lost the war, but we will still not sell you gas

trillion bros

>>51404617
Look at the P/E. It's super overvalued.

>>51404944
When moon, ser?

>>51403661
>>51403272
>>51402867
based

>>51405101
>Emerita
the Jim Jones koolaid just keeps on killing

>>51405075
when I'm done accoomulating

CPI drops in 3 hours

>>51406325
It never matters man. We are doomed to eternal rangebound crab

>>51406383
You wont make it with this mentality, look:

https://twitter.com/albertherne/status/1569535398187077632

>Ladies and gentlemen, I present to you with little comment: $PSLV short sale volume - up a staggering 731% from Friday’s close, the single biggest 1 day % increase on record, ever.G8HYM

Sviatohirsk -> Donetsk -> Coal

>>51406325
Nothing ever happens

>>51407539
>CPI beats > hawkish fed > gold dumps
>CPI misses > inflation peaked > gold dumps
Thank you for playing

>>51406474
If the CPI print doesn't cause the dump immediately, you can bet your bag of dead & dying horse share certificates that it's coming on the Friday quad witch.

I'll never have a Japanese girl eat my homemade curry will I... we're all gonna ngmi

>>51407677
we peaked in March/April. But Americans need their circus

6.3 core
8.3 headline

faked american inflation numbers drop
euro dumps
I love this clown market

>>51408202
We're bustin through 1680 today boys yeehaw

>>51408202

>>51408202
SHALOM MY FRIENDS

NEW
>>51408388

>>51398302
These kinds of rocks are well known for having excellent recovery rates around 95%. And you're going to wait until all of the upside is understood and priced in before you buy? Are you a boomer that only buys majors? those of us in SGD and explorers in general are in as a speculation, not as a safe boomer investment.

>>51402852
Snowline has never traded at .07 you must be thinking of some other stock.

>>51408679
I'm going to wait for a cheaper price and better technical entry point as well as more data.