/biz/ - Business & Finance

first for fuck statists

Second for fuck David Morgan

Step 1 Become rich from commodities
Step 2 Move to Japan and build an empire from the ashes
Step 3 Make them use their smarts to invent technology for war and take over the world
Step 4 Have sex

>>51472680
bullish...

silver sisters, we are back

>>51472770
I have been telling you people for months the squeeze will happen but everyone just ignored me or said the squeeze was schizo talk.

>>51472770
Put your name back on Larry.

>>51472868
I will eat a fucking shoe and post video if le ebin reddit squeeze even gets us above $24 this year. Silverbacks will break the comex amirite?

>>51472708
Can't wait for PMs to crash. My cash bags are waiting for this

>>51472984
Theoretically, if you continue to buy something then supply goes down, and if supply cannot be replenished then demand goes up. And since you can track the amount you can have a clear roadmap of the goal in the distance. By all accounts it logically has to happen. And there are signs of it coming too, silver being green while everything else is red is just another sign. You won't eat a shoe regardless of what happens, I know that much.

>>51472770
RAAAAANAAAAAA

Weekly close above $1680?? GOLD MARINES, HOLD YOUR POSITIONS.

ABRA up 15% today. Silver bears gonna cope. Smart money knows the bottom is in.

>>51473189
CHECKEM MY BASTERDS GOLD KINDLY DO THE NEEDFUL YOU BLODDY BITCH

>>51473081
>Theoretically
You started the reply with the correct word. In the real world, you'd be right, and I'd be a believer just like you. But remember last year during the Silver Squeeze when 120-odd Moz of Silver were magically bused into the vaults as soon as price broke $30, and immediately tanked creating a downtrend that was only broken for two out of the last 20 months? Then later that year SLV published an "accounting error" to the tune of... 120 Moz?

Or the LMBA reverting all transactions to protect a faggot that was on the opposite end of the trade and screwing everyone else over?

Yeah, I get it, COT report has the commercial banks going net long while hedge funds are on the opposite end of the trade, still very much short. COMEX continues to get drained. But compare the commercial's previous short position to their net long position. They're hardly stretched here, which to me feels like much more of a hedge than a real commitment to the expectation of higher prices.

And you never know, maybe I like the rubbery texture.

So, natural gas is crashing again today. Thoughts?

>>51473475
seasonality

>>51473475
>smg talks about thing
>thing crashes

>>51473475
>Thoughts?
Sure is going down yeah

>>51473189
Some say the actual meme number is $1675 so looks like we're gonna wagmi gold bros. $2000+ golden bull run confirmed next week.

>>51474684
Is Bobo on our side? Whenever discussion of the economy comes up, Bobo posts accompanies things we talk about here.

Make it stack for silver and gold?

>>51474751
Yes bobo likes gold, bearish on everything else, especially digital meme coins.

>>51472930
>>51473189
>>51473207
>>51473235
>>51472868

silver sisters...we are breaking free of our golden cuffs...

>>51474775
1000oz MINIMUM silver, 100oz gold minimum. Get silver now. Gold can be accrued over long periods of time. Silver is cheap as fuck right now.

Encore looking like it might drop below $3 which is the equivalent to $1 before the split.

>>51475402
Just saw ATHOF is down too! I will buy a buttload after shemitah for sure.

>>51473475
Did Newport explode again?
Or are the old and declining wells just producing a higher ratio of gas?

>>51474775

>>51476086
I remember when andy talked about this cycle of gold and silver. Literally an infinite money cheat.

>>51476086
>>51476235
You get shaved by premiums

does anyone have the ATH sensitivity chart?

>>51476655
>You get Jew’d by taxes.
There is always a price to play anon

I am still waiting for Bayhorse to moon to $0.035 so I can be rich like the rest of you.

>>51477232
Premiums are what the bullion dealer shaves off. Taxes are another issue entirely

Bump

>>51472621
Give me your sub 100 million market cap gems which are not these 4.

Asked last thread but it 404'd, where can I learn more about the pharma industry?

>>51477307

>>51476235
You only do one trade like every five years though, how much is that going to yield before you retire

Do you guys have any idea if you can convert a shares from an exchange to another one ? For example, if a company is available on 2 exchanges (like say NYSE from usa and FRA from germany), if you buy from either one, can you pay a fee to transfer to another one so you don't have to sell ?

Wondering if that's possible and worth so I move everything onto Interactive brokers.

>>51481305
Just sell your stocks, take your money out, put them into the other brokerage and buy the shares. It's not rocket science and transferring shares is unnecessarily expensive

>>51481320
yeah but I won't have the same entry anymore, isn't that putting you on the losing end ?

>>51472984
>Silverbacks will break the comex amirite?
I was a skeptic until I saw how the numbers in the COMEX have actually gone down by like 1/2 since I began buying.
Now obviously the paper price is still stupid-fucking-low and that can be explained by the price manipulation which thanks to super-fucktards at JPM multiple times who got caught is no longer even just a conspiracy theory which it once was.
Now it's a matter of buying a small stack and waiting it out until the squeeze happens. With the rate it's flowing out of the COMEX + war in Europe + global recession + Global South nations forming their own metals exchanges + people realizing they are fucked by their Jew governments the more they hold fiat + the price being low actually leading to a faster drain, I don't think we'll be waiting too long. I didn't even want it to happen this soon. I actually hope for a future where people around the world really start to see silver as a means of trade, i.e. real currency which it basically is.
If it becomes dumb fucking high becaause of speculation that may be delayed, ironically, but both would lead to a re-valuation of silver anyway.

>>51481378
What do you mean? You sell a stock at say $1 and buy the same stock back later the same day at around the same price. You only lose the transaction fees as always, and you might lose a bit if you buy back higher than you sold. You might also buy back lower. Anyways doesn't matter much anyways. Cents.

I don't see the point in normies still foolishly and stubbornly using fiat when it starts to dawn on them that silver exists.
This is why the silver squeeze movement is a good thing just for building awareness that we can actually do things differently. We never needed crypto. We needed to return to sound money, not use some shit that doesn't work without a phone and electricity.
If only we had thought of how a global silver standard would necessarily need to include the Global South, not just be fucking retards and try to frontrun the 3rd world by buying/mining crypto first.

>>51481413
Yeah I guess it's just me being paranoid not having a low average cost if I sell then rebuy.

Also, real reason why I consider movings everything from Degiro to IB is Europe. I'm kinda afraid of Degiro and Banks here going down, it might be better to have everything on IB and not needing to pass by a bank first when I handle 2 account at the same time...

>>51475402
Why does everyone like encore so much, I have a couple of grand in it but I don’t feel like putting more

>>51481499
There is also the added benefit that you will realize losses if you're down for the year, meaning you'll get a tax loss

>>51481538
The question is why don't you like encore that much despite already having money in it? Do you have any legit reason for not wanting to put more money into it?
Surely you've done your DD on the company and aren't just shotgunning the sector, right?

>>51481538
>Why does everyone like encore
If everyone likes encore It's probably a good time to sell.

>>51478945
What if I told you, you buy 1.1Moz at nearly 13 g/t for $20M?

What fucking decent gold miner has at least 500,000 volume? I can’t find any that are undervalued. Maybe Sandstorm gold

>>51484421
500k daily volume of shares traded? I like Calibre Mining. There's also the two developers Sabina Gold and Silver and Marathon Gold than have been beaten down a lot lately, starting to look very attractive.

>>51472621

Anons your participation needed, post opinions and habbenings

Global Hyperinflation General /GHG/ >>>/pol/395729894

>>51483441
Bullshit.

>>51485763
They have 20% dilution already baked into their resource estimate, not sure why they did this as it just undersells their project. It's refractory ore though so processing is probably going to cost like 0.5-1 g/t extra. Very impressive consistency in both grade and continuity of their orebody though. New resource update should be H1 next year with some growth and almost everything moved into M+I. FS in 18 months.

>>51481499
Here's an example, anon:

>Buy BHS at $0.40
>It tanks to $0.04, a 90% loss
>But wait! Sell all my shares for $1000
>Buy $1000 worth of shares
>Sell them immediately again
>By the end of the day you have $250,000 worth of trade volume (6,250,000 shares moved) from $1000 worth of stocks (less fees)
>Your cost basis is now $0.4144 per share

Magic!

>>51485955
Those are some good hits looks like they're drilling till EOY which is also nice.

>>51485098
No one wants to participate with the polspastics

>>51486875
Yeah there's some good thickness to some of their intercepts, it isn't super skinny veins like the Gold Mountain deposit. It's mostly if not entirely infill drilling right now though, they want to finish that up so they have the M+I resource ready for the FS. But they have done succesful step out holes since the last resource so should be bigger, not sure how much though.

>>51487304
Thanks for sharing I've subscribed to their Email alerts. So many opportunities in the juniors right now, it's actually making me euphoric.

What happened to prep the bvll poster?

>>51489347
no idea but i miss him, Bunker Hill is still always interesting to read about.

>>51487304
>>51485955
Is the location & infra good?

>>51491061
It's in northern BC, 60 km east of Juneau. There's no infrastructure there, they will be using diesel generators for power. But I don't see this as a big problem as it's a high grade UG mine, if it was a 1.5 g/t OP needing a 10ktpd+ mill it would be a bigger issue.

>>51491163
Lack of infra will contribute to capex a bunch but the deposit seems good even if it is refractory. Not a bad junior

>>51491330
Yea but again only needing a 1ktpd mill it should still be relatively low capex per ounce produced compared to OP projects I think. They are right by the river so plan is to barge in stuff for construction, not sure if there could be some issues with that. There was a mine in the 50s that used to barge out concentrate.
On the other hand they won't be building some long road and power lines like many others do. Capex in the PEA is only US$111M I think it is, for a 750tpd project. But that's a PEA obv and a few years old. They want to make it bigger in the FS to hit that 100koz/y mark, so I'm thinking a realistic estimate is something like $200M. But that's still only $2000/ounce of production in capex, OP projects in Canada are typically more like $3000/ounce of production currently. With some insane blowouts like Argonaut spending US$700M for their 10ktpd OP project that will produce I think it's like 120koz/y. That's $6000/oz. No wonder they had some mgmt changes, kek. Same with Iamgold.

Lets say silver squeezes and mines start being bought up, and bayhorse gets a pump, would you exit immediately or continue to trust the plan?

>>51491645
I would exit quickly. You have to invest with good management in this business, and the cowboy hat man has had nothing but failures and he doesn't even update the market on what's happening. But if you insist on investing in silver miners you are pretty screwed because everything is so expensive.

>>51474684
digits and we hit 1450

>>51491717
$2450 by EOY confirmed

>>51491742
>1717
sorry fren, btfd. $2450 by Q3 2023. I don't make the rules.

>>51491798
I'll take that

>>51491850
feast and be merry, anon! many blessings shall soon be upon /pmg/ and /cmmg/ frens.
with schizo angel digits for us, who can be against us?
>https://www.sunsigns.org/angel-number-1717-meaning/

>>51492029
The schizo gods have blessed /cmmg/, we're all gonna wagmi it.

>>51472984
Well see 15 again before it takes off

Buy when people are depressed and afraid.

>>51491742
>>51491717
more like 1717 EOY the ultimate crab

Gary savage is extremely bullish metals right now, especially silver. He says out of oil, and broad equities metals are miners are the ONLY good play right now. He expects volatility next week but a rally afterwards.

>>51482840
Encodre is the best uranium stock in the space and will go 10x. Wait until the nasfaq listing happens in literal weeks. They're already consolidating shares to make that happen. I have $20,000 in encode and I am expecting to retire at age 35 in less than three years with that stock. I've went on rant after rant after rant and provided literal essays on why encore is the best. If you know you know. Go ahead and start with reading about Bill sheriff, encores current CEO and the things he's done. If that doesn't make you bullish then I I know what to say.the second best is global atomic just as solid but less return potential. Solid 2-3x maybe a 5.

>>51495896
https://twitter.com/ColinSt30481392/status/1570966123855900672

He has been right for a very long time now, he expect a bear market rally from now until early febuary. Pretty cool if true, I'll be able to rebalance things after that upside leg.

>>51481425
>We needed to return to sound money, not use some shit that doesn't work without a phone and electricity.

the problem is not and has never been our choice of currency.

its neither here nor there if we use dollars, silver or seashells.

the economy runs on energy, not money. what you believe to be money crises are always energy crises in reality.

>>51495916
I'm not familiar with the company but Isn't it trading at a premium to NPV8%? And a higher than spot price is used in the preliminary economic assessments of their projects. They are using a price of 55$/lb in the studies whilst the spot price is 48.25$/lb.

>wake up
>the same guy who hack uber's data this week leaks GTA 6 videos
Shemitah season finale be mad crazy, yo.

>>51496161
The actual problem is government mismanagement. They mess with the currencies and the economy and that leads to issues.

>>51472621

Anons your participation needed, post opinions and habbenings

Global Hyperinflation General /GHG/ >>>/pol/395846689

>>51497255
nnnaaahhh fuck pol

>>51495896
Yup, FOMC coincidently concides with shemitah ending. I will go all in at that point.
>20k in encore is enough to retire
Do you mean with encore alone or as added with funds you already have? I only have 10k now and was planning on increasing end of next week.

Its over. We had a good run. Liquidate everything

>>51497897
About 3 months late m8

What's going on with copper?

>>51484639
All the companies you mentioned are decent, have strong balance sheets and large insider ownership, very nice. Here's some juniors I'm looking at any remark on them would be appreciated:
TriStar Gold, Inc.
Newcore Gold Ltd.
Montage Gold Corp.
Lion One Metals Limited.
Labrador Gold Corp.
Radius Gold Inc.
Western Alaska Minerals Corp.
New Found Gold Corp.
Stillwater Critical Minerals Corp.
Hochschild Mining plc.
New Found Gold Corp.
Not sire if New Found Gold Crop. could be considered a junior but just look at those drill results.

>>51484639
All the companies you mentioned are decent, have strong balance sheets and large insider ownership, very nice. Here's some juniors I'm looking at any remark on them would be appreciated:
TriStar Gold, Inc.
Newcore Gold Ltd.
Montage Gold Corp.
Lion One Metals Limited.
Labrador Gold Corp.
Radius Gold Inc.
Western Alaska Minerals Corp.
New Found Gold Corp.
Stillwater Critical Minerals Corp.
Bluestone Resources Inc.
Hochschild Mining plc.
New Found Gold Corp.
Not sure if New Found Gold Crop. could be considered a junior but just look at those drill results.

>>51497988
recession

>>51498098
New Found is my biggest position so I'm biased, but it's a very comfy position. It could always go lower or get dragged down with a market crash, I don't care, I just keep adding. Seems like a steal at around US$3.50. Also, a FUD campaign of shorters on stockwatch and ceo.ca has probably contributed to keeping share price down in recent months. I'm looking at this as a gift to buy which will eventually break after gold price rises or more great drill results come in. If you're patient and thinking at least a year or 2 down the road and believe higher gold prices are coming I wouldn't hesitate to start averaging in.

https://youtu.be/PK1oYgfNoIE

Any thoughts on this? Is this finally the end? Everything really seems that way, but I've been duped so many times already bros....

>>51498098
>Tristar
I don't think this project can achieve anywhere near the $900 AISC shown in their PFS. 1.1 g/t with a strip of 9, that is just not good. Much better developer plays than this one available.
>Newcore
Rather low grade oxide project, PEA shows AISC above $1000. But it's always nice having the low capex that comes with heap leach. Wouldn't pay C$33M for this though right now.
>Montage Gold Corp.
Project is very low grade, but also very low strip, simple and large. It's a bit marginal. The huge dilution they took on to get the adjacent claims was a bit of an admission that their current project as a stand alone isn't very attractive.
I don't spend much time looking at earlier stage exploration plays right now because there are some very good projects already drilled out trading at far less than what has been spent developing it. But I get why people like these exploration companies, it's more fun having the potential of that bonanza grade sending the stock flying. If I were to choose one it wouldn't be New Found Gold, I think that one seems a bit expensive. Another reason why I don't like exploration as much is because it's not easy figuring out exactly what they have before any resource is out. So typically I would want at least that. These companies, like New Found Gold, that wait a long time before putting out a resource also kinda admits that they think what they have is valued highly enough by the market, because if they thought they were super undervalued they would probably put out a maiden resource earlier to say here look how cheap we are compared to these numbers.

>>51498497
>I don't spend much time looking at earlier stage exploration plays right now because there are some very good projects already drilled out trading at far less than what has been spent developing it.
I appreciate the remarks.I myself am mostly looking for: high grade, high resource orphan development project there's many of them like Skeena or Bluestone including the ones you already mentioned. Although they're probably heading lower before they turnaround they are reasonably attractive.

>>51498824
Yeah, I don't like Mexico personally though.
For the ones who like silver I would recommend looking into Benchmark Metals, it's rather cheap here and a significant part of their resource is silver. Rare to find cheap silver plays.

>>51498913
The Bluestone project is located in Guatemala. Before if was acquired from Goldcorp i believe and they dumped $200M in the project, Grade is decent resource estimates are decent.
>>51498303
Yeah some of the width combined with the grade is very tempting.

>>51498913
The Bluestone project is located in Guatemala. Before if was acquired from Goldcorp they dumped $200M in the project if i remember correctly, Grade is decent resource estimates are decent.
>>51498303
Yeah some of the width combined with the grade is very tempting.

>>51495896
>metals are miners are the ONLY good play right now
you're not getting my trillion shares

>>51499018
>The Bluestone project is located in Guatemala.
So it is, don't know much about that jurisdiction. Project is very good for sure. <$30 per reserve ounce of this quality is extremely cheap. Could be some permitting or jurisdiction risk though.

>>51497242
Wait I thought the govt was our savior?
What happened to that? Where's big bob to straighten this anon out? Why are we suddenly against the govt and for sound money? Isn't the OP littered with links to keynesians irrefutable theories and MMT articles?
Are you a jew loving mises follower anon?

>>51499627
They had an approved underground permit but decided to turn the project into an open pit mine, they've applied for a new permit. There's an election in Guatemala in H2 2023.CEO claims they have good relations with the current government and are willing to adapt to changes if they occur. The mine is also near the Escobar mine owned by Pan American.

>>51495916
How do you rate UUUU? I realize it's not a mining stock but have seen it thrown about a lot.

>>51499762
https://www.business-humanrights.org/it/ultime-notizie/when-pan-american-silver-bought-the-escobal-mine-it-bought-a-legacy-of-violence/

Doesn't seem like the locals are very keen on mining.

>>51500532
Yeah there were some protests Pan American is currently consulting with the locals, Bluestone hasn't ran into that issue as of yet but it's a risk. ESG is a joke.

>>51500860
Speaking of the devil

https://www.mining.com/referendum-over-bluestone-resources-cerro-blanco-project-in-guatemala-underway/

>>51501363
It should go through, they'll have a water treatment facility but anything can happen. Let's see what happens.

>>51501363
It should go though they'll have a water treatment facility, but lets see what happens I've already placed my bet.

>>51501460
Yea but even if it goes through there's probably still a risk that they change their mind down the line and decides to block it. Apparently the government lets the locals run things, since the escobal mine has been shut down for years because they blockaded it or whatever they did. Same situation in Mexico where locals just decide they want more money and will randomly blockade mines. Happens all the time for Equinox Gold's mine in Mexico. Terrible environment to operate in. The state should obviously remove these illegal blockades if the mine operators are following the law and agreements in place, which they almost always are. Also spread to Peru after they elected a lefty president.

>>51499684
sound money also does not stop government from fucking things up. For example governments have in the past simply minted lower purity coins or changed the value of gold relative to silver and stuff like that. The issue is not even that we don't have sound money, it's just that governments will inevitably fuck things up any which way in pursuit of more power. It's human nature.

>>51501544
>Same situation in Mexico where locals just decide they want more money and will randomly blockade mines.
The beauty of ESG the locals feel entitled to free gibs just because it's "their land". They've built a bridge improved local infrastructure and planing to build a geothermal plant. They've also spent on education programs for the locals. Hope that's enough to get the referendum through.The Equinox illegal blockade was lifted fast i believe, but still it makes for a terrible environment as you said.

>>51501740
When I think of ESG I think more of diversity targets, but in any case it's bad. Red flag if they have a prominent ESG section in their presentation and brag about having 50% of management being women. It's fucking mining, if they have 50% of management being women they are not hiring the best for the job.
The recent Equinox blockade was lifted quickly yes, but they have had loads over the years, and previous ones weren't so quick to go away. Then you also have to ask what did they give the locals to stop blockading. The mine is already extremely high cost and they can't really spend money to upgrade their milling infrastructure to lower cost because they don't know if the locals just keep blockading.

>>51501879
>Red flag if they have a prominent ESG section in their presentation and brag about having 50% of management being women. It's fucking mining, if they have 50% of management being women they are not hiring the best for the job.
Top fucking kek ESG/DAI is so uneconomic It's an absolute joke. Equinox has growth potential but locals blockading their high cost mines is depriving them of the necessary cashflow to expand their projects and reduce costs. It's a shame.

>>51501616
>human nature
It's the nature of the govt anon. Trust me in the only Austrian in this general. You will never find an austrain on this entire board. Bootlickers gonna lick boots tho. That's the nature of humans is to find a flavor of boot that you like and lick that motherfucker clean while begging for scraps
Won t ever change m8

>>51502007
Yeah Equinox is a good example of a point I made earlier about gold being close to cost of production for many. Even Equinox, a sizeable producer, is making no money at the current gold price. Price will have to move up to sustain current worldwide gold production.

>>51502292
Yep. Nature of the govt is also part of human nature sadly. We are doomed to live in cycles.

>>51502309
Definitely It's important to look for companies that have reasonable margins and are able to remain liquid through the tightening cycle.

https://www.mining.com/copper-fox-delays-2500-metre-drill-program-at-eaglehead-project-in-bc/

bad news for Copper Fox, I dont know why the BC gov keeps delaying these permits, exploration development work is rapidly becoming a bullwork holding the northern economy afloat. If bigger companies like this cant get permits on time, no one will be able too soon. Idiots in government, typical.

>>51502292
Not all people are like that

>>51498497
Where can I find a list of producers? I’m interested in mid cap producers but I can really find much

>>51503612
That's the first time I've heard of someone having their drilling permit delayed in BC, I wonder why. Hopefully it doesn't become more widespread.
>>51504193
I don't have one, sorry. If you check presentations from producers, some have a comparison with other producers you can look up.

>>51504422
yea it doesnt make sense to me either, they posted their intentions to drill ages ago, at the beginning of the season. Unless something else got in the way of their program, maybe an endangered species notice or archeological find, i cant think of why the province would delay a drill permit. If this becomes the norm, exploration here will be hooped.

>>51495896
>metals are miners are the ONLY good play right now
european natural gas too

https://www.zerohedge.com/markets/surprise-chinese-junk-bonds-yield-less-us-treasuries
Bad news for gold

>>51502324
>doomed
Perhaps. For me, it's not about glass half full or glass half empty view of the world. These are both the same, although they are presented differently. Not unlike the left vs right illusion. None of that matters now. Never mattered at all. What matters is the glass is not full, because somebody fucking drank it. And for that there will be consequences and repercussions. The cycle is meeting a carrying capacity, unable to be processed by the current system, and will collapse or find a bifurcation, another system basically that can carry the load of entropy. Unless that load is lightened, maybe by a rampant disease or even a fake cure that does the same.

>>51505894
Or maybe it's equally bullish for US treasuries and gold actually

>>51505894
Wow look at all the bad news coming out now before shemitah ends! Surely a coincidence!

>>51505934
tbf when is there good news coming from ZH?

>>51503781
I missed your post. Sorry.
I'm aware everyone isn't like that because I exist and the good people that dispelled thr many myths I once believed. Floy Lilly and Tom woods broke my spell 15 years ago. Since then I've been fortunate enough to meet lew Rockwell, most of the lvmi fellows, g Edward Griffen, and many others. I can never thank those people enough for saving my life.
Were out there senpai, like a needle in a haysack

>Andy again making platinum to be THE thing everyone should be buying
I am starting to think he is pumping his bags.

>>51505957
In general it seems like only bad news from every crevice now.

>>51504477
Pan Man, what;s you opinion on Canstar Resources ingeneral, and about their Kendell drill results ?
https://www.youtube.com/watch?v=TpahVIxZWzs

>>51501544
I like your trip code

>>51506661
Platinum has a lot going for it. It only comes from two places in the world, one of those is Russia (I believe) and the other is south Africa which is supposedly having problems. The ratio charts show platinum has many multiples higher it can go.

>>51472621
Any thoughts on lithium? I have a pretty decent holding that will very likely become a mine, every assay comes up better and better. My only worry is macroeconomic risk but that affects everything.

Also can someone clarify whether 1 month treasury bills pay the coupon for that month or is it the equivalent of 1/12 the coupon? friend lives in mexico and is getting like 3.25% after government tax per month.

>>51499684
>Where's big bob to straighten this anon out?
Freediving in Roatan.

I am always fascinated by what poor people think about money though. A lot of anger. Carry on.

>>51507871
I ll look at them again in the morning, its late on my end.

>>51507982
What you can do to hedge some risk is long one company and short a similar one.

For example, I think KO is better than PEP, looking at financials, business strategy, volume, mcap etc. Suppose on a good year, KO is up 5% and PEP is up only 3%. On a bad year, KO is down 3% and PEP is down 5%.
So in theory, if you were just long KO, you might have a $600 gain or a $600 loss. But if you go long/short, you might only have a $200 gain, but only $60 in losses instead, which has a MUCH better risk profile over the long term.

In terms of mining, you could go long a silver explorer/junior, a silver royalty, and short BHS, for example. Just watch your broker's MR and borrow cost.

>>51507982
The demand exceeds supply right now so probably not a bad place to be. Chinks are vacuuming it all up. That said I'm more interested in a near term producer than explorers because producers are able to reap the benefits in cashflow terms and also they are less dependent on commodity prices once cashflow is established. Also asnnew supply comes in the price of lithium should arguably begin to fall. But it's hard to tell where lithium is going from here. There are a few very good explorers too though so I'm not blaming you for picking one of those.

>>51508007
I believe 1m treasuries pay the coupon and also the yield after one month, but I'm not experienced in bond markets

>>51507982
one quick note to lithium, only the best of the best hard rock projects will ever become mines. Lithium from brines is far easier to recover and operate than open pit lithium deposits. I dont expect to see many lithium mines operating that arent from brines, its just not cost effective (in most cases) to run hard rock operations for lithium minerals.

hey /cmmg/ I'm new to investing and I would like to hold gold and silver as an inflation hedge. Is this a good choice over TIPS?

>>51509660
you can do up to 10k in ibonds, which i believe yield 3-4% in real terms. so the yield is like 12-13% in nominal terms

Pumba

Another week, no news, gold dumping

>>51511937
Trust the plan.

We did it!
https://ceo.ca/@accesswire/blue-lagoon-hits-126-gt-au-and-404-gt-ag-at-chance

Gold Mountain fraud in process. my first blowup, nice.

https://iknnews.com/gold-mountain-gmtn-to-2q22-financials/

>>51508007
>>51508830
T-Bills are 0 coupon. You buy them at a discount rate of face value. When they mature you get face value. Coupon rate is an annualization of discount rate. T-Bills are priced in discounted face value, so you'll see a 1 month T-Bill going for say 99.7, meaning it yields 0.3% for the month, or 3.6% annualized yield. You buy them in increments by the thousand, so the smallest purchase would be $997 for one 1 month duration T-Bill.

>>51508889
I recall Kaiser speaking about lithium deposits and he said pretty much the opposite of what you did - hard rock lithium is king, brine is shit. Maybe I'll find a video and post his reasoning to follow up.

>>51513287
Why aren't we exploding about this since we have been anticipating it so much.

>>51513287
>>51513653
That's not bonanza sers

Just slurped a little Eskay at the 12 month low. Since I bought look for it to drop under $1 soon. These faggots have something like 100+ assay holes coming, they better hit bonanza!

>>51513287
Pretty dissapointing results for 10 holes. 126 g/t is nice but 0.41 meters is not what you want to see. As much as I like the memes it may be time to flush this poo. If you want the excitement of exploration then Scottie Resources is only 30% higher market cap and take a look at the hits they're getting.

>>51513684
I was expecting at least some kind of reactions, whether ironic ones or not.

>>51513936

>>51513287
What is Rana's length so short?

Anyone know anything similar to starcore? Profitable Producing mine even if a bit small

>>51513287
Rana up 1.65% on the news

>>51514165
I'm surprised because 9 out of 10 holes were pretty much complete dusters and the one isn't that impressive.
>>51514107
Don't think there are others. These small mines rarely work (as public companies anyway).

>>51514241
Yeah it’s actually pretty tough to find real value in this space. Even the profitable and majorly derisked companies turn to shit. See: gold mountain, gato, pure gold, aurcana

>>51514241
It's very close to surface so I'm sure you could do a very small pit for some easy ounces but that's probably about it.

>>51514290
Or the fucking company is in South Africa Lebanon or Bolivia. Fuck that shit

>>51514290
Slurp

Atlas
Vulcan
Snowline
New Found
Eskay

probably a minimum of 3 big winners in that group

>>51514290
Yep you really have to be careful and know what to look for. I'm sure there were some red flags with these four companies you mentioned, haven't looked into all of them. Gold Mountain for example has a CEO with no prior mining experience. Also very skinny veins, a deposit like that is risky.
I think there are some very good opportunities out there today though. Quality deposits already drilled out for cheap like Canagold, Benchmark. Producers such as Calibre making trading at a very low P/E.

>>51514290
There's Superior Gold if you want to gamble. At $40M mkt cap for 70koz of production it may be the cheapest producer out there and they even plan to hit 100koz. Looked really attractive for a while but they just took a huge hit to their guidance and cost shot through the roof. Presumably they have been high grading for a while so they are probably destined to remain a high cost producer, unless the new mining areas can do some work there or their main pit pushback project helps out.

>>51514796
But if gold were to go to $2500 next year this one would probably take off like no other.

>>51508362
Utila is better. I always like to hear what government bootlickers think of their favorite flavor of boot. Keep licking it clean. It will never step on you

>>51512827
Kek the more he talks about the markets being a huge bubble and a bull market in PMs & commodities the less people believe him, buy arithmetically the longer he talks the higher the chances he's right.

>>51512827
Kek the more he talks about the markets being a huge bubble and a bull market in PMs & commodities the less people believe him, but arithmetically the longer he talks the higher the chances he's right.

>>51514241
Yeah I think Chance will be a bust, too many dusters, too small intervals. Best to cut losses and move to another target area.

>>51513367
my understanding is that brine is far cheaper to operate overall, but yes i would love to see a different view on the matter, i am only semi knowledgeable in the subject. Brine fields on seas or salt lakes can be pretty low grade, but brines can also be found near oil and gas fields. Alberta for example has a massive amount of lithium enriched brines that are already drilled and setup as wells for water.

>>51513287
finally some results! Thats not bad grade but the width where it was found isnt the best (0.4m). However the rest of that structure goes all the way up to 15m in width. Not bad at all.

>>51514300
>>51514241
its not the greatest but not the worst. They could make it work with those grades but again its not the famously rich structures that made Dome Mountain known back in the day.

>>51515806
But definitely not WAGMI tier.

>>51515877
for sure, their geos are probably already working out which next area to try. The mountain is just covered in veins, so they wont be running out of targets anytime soon.

>>51515448
To his defence he did get the high inflation right and I'm sure most people would have expected a higher gold price given the high inflation we've had.
>>51507949
Thank you friend.
>>51501363
>>51501505
Doesn't look like the vote went very well.

>>51515388
>Utila is better.
yeah?

>I always like to hear what government bootlickers think of their favorite flavor of boot.
About half of employed Americans work directly or indirectly for government

If you're talking to an american you're not talking to a bootlicker. You're talking to the boot.

>>51516131
There's no results from the referendum. Insiders were buying before the referendum. Probably should have waited personally before beginning to allocate capital considering the bad sentiment in miners atm. I'm not too concerned tho i guess the risk reward is even better right now.

>>51516300
No official results, but the stock is down 20% so I'm guessing someone knows something.

>>51513916
bonanza bros, i'm gonna be sick....
perhaps we're not all gonna wagmi afterall...

>>51516345
It's mostly low volume trading, I'm guessing a combination of a lack of bids in anticipation of the results and some panic selling.

>>51516414
Trust the plan larry, the golden bullrun is confirmed just two weeks away.
>>51516456
Volume is 6x average tho.

>>51516414
We're all gonna NGMI.
I would've been better off buying hookers and blow for the past 2 years.

>>51516517
Frankly I don't know why It's down so much, my guess in no bids.

>>51513653
When even Lion One don't explode with 20g/t over 75m, what make you think anything can ? Market want something extremely rare or nothing at all. Its called a bottom for a good reason, bargain everywhere.

https://www.zerohedge.com/markets/powell-scrapped-his-original-jackson-hole-speech-just-crush-stocks
>Powell decided to be blunt. He scrapped his original address, according to two people who spoke to him, and instead delivered unusually brief remarks with a simple message—the Fed would accept a recession as the price of fighting inflation

>>51506661
Andy is a perma-bull. He's fun to watch as a moralization outlet but not for actual advice. I stopped taking him seriously after his staunch conviction that he didn't see a recession coming anytime soon.

Here are some channels that won't constantly jerk you off:
https://www.youtube.com/c/iGoldAdvisor
https://www.youtube.com/c/TheMarketSniper1
https://www.youtube.com/user/McalvanyFinancial

>>51516640
>https://www.youtube.com/c/iGoldAdvisor
He is a complete retard who tell his subscribers we are in a 2013 scenario where Gold can go down for years. Ignore him.

>>51516637
What kinds of returns do explorers give? Are they worth picking up? I mostly stick with producers or near producers

>>51516608
I'm pretty sure it's leaked results from the vote if it isn't public already. This stock doesn't just drop 20% randomly on nothing.

>>51516685
>What kinds of returns do explorers give?
A shit tons but they are extremely risky, 95% fail. You need a tons of position or extremely good DD to be rewarded.

>Are they worth picking up?
If you have the guts and money for it, yes.

>I mostly stick with producers or near producers
That's fine if you have a long term horizon, I mostly do the same too. However, keep in mind, in a correction (like the last 2 years), producer are punished, you probably saw it on your portfolio. However, they rebound fast and hard. You just need to accept being down for months/years before the payoff. Also, another disadvantage is that they "create no value", they depend only on the spot price.

Imo, if you have lot of money, having 20-30% in explorer and the rest in producer is a very good strategy.

Have patience brothers, we will make it. Hard.

>>51516685
I will add this video
https://www.youtube.com/watch?v=E9v3mEzWOtM

This interview made me switch from a full producer portfolio to a mix of producer+explorer. Considering we will have a 8y low in summer 2023, I've bought lot of explorer recently that I intend to sell at that time. I will then go full producer again in 2024.

Of course, you can just keep buying producer, it's fine honestly, take profit at local peak (like summer 2020).

As for what kind of gain producer give, let me help you with this video (timestamped)

https://www.youtube.com/watch?v=jpiFwoMMGQ4&t=3409s

>>51516718
>I'm pretty sure it's leaked results from the vote if it isn't public already.
Could be.
>>51516718
>This stock doesn't just drop 20% randomly on nothing.
The market is illiquid atm I've seen a few stocks drop 10% or more for no reason. For example Skeena recently.

>>51516672
>Ignore him.
Take what information is valuable and apply your own critical thinking to fill in the blanks.
I disagree with Christopher's macro outlook - the gold chart and pre-depressionary environment has far more in common with Q4 2008 at present than it does with 2012, though a precipitous decline in spot and the miners is a very real possibility for the remainder of 2022 before taking off in 2023 and beyond.
The recent failure of $1680 support on the weekly is bad. There's no way to paint it otherwise.
He (and Andy) also refused to point out gold's obvious double top formation. We have a legendary buying opportunity shaping up in the weeks/months to come if you know how to play defense.

Or just keep narrative investing. PM bulls will win eventually if they can stay liquid, but a bit of independent thought can help you compound ounces/shares quicker than most.

>>51516896
Nah, I listened to him for a long time, I have nothing with bearish view. For example, Don Durret said for 2 years we will crab and he was right. Felix Zulauf said we wouldn't moon before 2024. I'm fine with these view when explained right.

iGold is different, he is just a retard who tell you we are in a 2013 scenario. Jonathan Mergott is another retard who come to mind with this 2013 bullshit. Andy is a permabull, you gain nothing listening to these guys.

>The recent failure of $1680 support on the weekly is bad
Not really, from M. Oliver perspective, we didn't break momenthum resistance. From Chris Ruth perspective, we didn't break cycle resistance.

Price mean nothing alone.

>>51516973
I agree 100% that this is nowhere close to a 2013-style environment. Take a look at the weeklies for 2008-2011 and I think you'll agree that's a far more likely scenario.
Short-term is incredibly bearish.
That doesn't matter much for long-term and highly liquid investors, but it does matter for anons who are late to the party.
>lists names of a bunch of commentators supporting Q4 2022 bullish thesis
Color commentary is fine but it shouldn't dominate your opinion of the landcape entirely.
Gold is locked in a brutal down channel at present. There's no getting around that. A weekly break above $1730 or so would challenge this pattern but it looks increasingly unlikely.
Best-case scenario for gold is that we bounce off the 236 fib before breaking free of the down-trend.
Worst-case scenario is we revisit support around $1450.
The lower bound of this range is almost directly correlated to Q4 2008 price action, and we all know what happened after that.

>>51516883
Skeena probably dropped due to the PP.
>>51516637
20 g/t over 75m is obv extremely good but if it's a small zone then that explains it. You always have to look at the intercepts in context. Not a micro cap stock either.

>>51517356
>20 g/t over 75m is obv extremely good but if it's a small zone then that explains it.
that kind of drilling is worht more than the current MC, that's all I'm saying. It went DOWN after that NR. This market make no sense and people shouldn't expect a pump from just a simple NR, spot need to move.

>>51517233
All I'm saying is iGold is garbage and people should choose better "bearish view". I never predict what will happen short term. I'm quite bullish for the next 3-6 months but a crash might be coming, there's too many red flag. However, I'm fine buying even now, the R/R is too high on the upside, trying to time a bottom is fools game imo.

>>51517423
That bingo card is bayhorse.jpg lmao.

>>51517423
>that kind of drilling is worht more than the current MC, that's all I'm saying
Haven't looked into this one that much, but from what I remember it's a pretty small system albeit high grade. How many ounces do they have?

>>51517356
Just saw wondered why i didn't get an e-mail alert I remembered subscribing but i guess i haven't.

>>51517423
>trying to time a bottom is fools game imo.
Timing absolute bottoms is a fool's game. Targeting the range after a draw-down is relative child's play if you've been in these markets long enough.
>a crash might be coming, there's too many red flag.
Yeah, that's the biggest macro perspective that should inform your view for the remainder of 2022: Do we get a large roll-over in equities or not?
Personally I don't think we get out of this year without significant downward pressure on the Everything Bubble, but if I'm wrong, the metals might hold up okay.
>All I'm saying is iGold is garbage and people should choose better "bearish view".
Again, take what's valuable and leave the rest. Christopher nailed the BTC/GLD ratio trend break when nobody else even had it on their radar. There's absolutely value in his perspective, even if you don't agree with him 100% of the time.
If you want a channel that only feeds your confirmation bias, start your own.
>t. dollar-cost averaging into PMs since 2013

>>51517478
600-700k in indicated and inferred resource if i remember correctly but they need to update their resource estimates.

>>51517495
I just go through all the news releases from, doesn't take very long.
https://twitter.com/JrMiningNetwork

Western Alaska is green and getting triple average volume after down trending for a month. I'm calling an assay leak with a NR By Wednesday.

>>51517612
770koz from a 2014 resource at like 9 g/t. Not sure how much expansion drilling has been done since then but that isn't that impressive at least. Canagold has 1.1Moz at a higher grade and their mkt cap is 20M.

All I have learnt from the current market is how right Jeff Snider is about his forecasts and the Eurodollar system.

>>51517672
I guess the market thinks there is a large exploration upside considering the drill result anomalies, thus the premium.

>>51516173
I got my instructor over there on the little island. It's basically an 11 square mile swingers island with a scuba problem. Tell Ryan at skid row that I said hello if you go over there. Dive the wall at night if you've got a hair on your ass faggot. Go when the sun is still barely up, slack high tide isnt much higher anyway. Then go to 50 meters or more, mixed gasses required tho.
Bring a hand spear and a serious thick set of gloves. All the lion fish you can fit in the bag. Fucking delicious and its an invasive species so it helps the local environment. We tried teaching the eels and sharks to eat them but they ended up pestering divers and biting gopros off the self sticks
>>51516896
>the gold chart and pre-depressionary environment has far more in common with Q4 2008 at present
Oh shid, got us a big brian anon itt lads
And here I thought I was all alone

>>51517822
He makes NO PREDICTIONS

>>51518078
He kinda implicitly does with his charts. Like, in every fucking video. Have you ever even watched Eurodollar university?

lol the crypto guys are about to be raped
>>51516464

>>51519103
I'm surprised we aren't lower already tbqh, we're overdue for a violent move down to $10k.

Blue Lagoon is dead isn’t it bros give it to me straight

Kinross up 11.5% after announcing increased buy back plan, it's that easy.

>>51519583
Well, it's not exactly alive.

Memeliners getting btfo'd, bottom confirmed.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1305-tsx-venture/bsr/128145-bluestone-provides-an-update-on-cerro-blanco.html

https://trillionenergy.com/2022/09/19/trillion-energys-sasb-natural-gas-drilling-program-begins/

>>51521393
Forgot pic

>>51521418

https://www.mining.com/lacklustre-interest-among-youth-a-big-problem-for-mining/

This is a major issue in the mining / heavy industrial sector that really needs to be dealt with. despite massive numbers of job openings, and dozens of different training programs, mining is finding it hard to bring anyone under 40 into the job sphere. Young people have no interest in working in this sector, and its not just because of the usual reasons one might think. Companies need to start thinking about why they are seeing near 100% turn over rates in trainees.

>>51521484
Probably has to do with the 7 days on 7 days off schedule many are on.

>>51520457
Hopefully those green commies don't rob me from a 5-10 bagger in 2years. CEO says the referendum is unconstitutional (kinda based). Greens should go fuck themselves imo.

>>51521567
The young guys I saw come and go were actually fairly ok with the camp life style. Loads of them came into mining to get more skills or get machine time for example, but they expected it to be hard or shitty work. Unfortunately though, none stayed very long because of how garbage management was. Management giving contradictory orders, or outright gaslighting their staff has become a serious problem on projects, where different levels of the organization refuse to communicate with each other. This eventually trickles down into the general work force, to the point that no one wants to show up to work. I ve been chatting with some friends about this for some time on and off, a lot of projects are getting ham strung with this, and i cant figure out why.

>>51521629
Yes apparently it wasn't an "official" vote, that was the idea I got from the Mining.com article, but instead just some activist organisation holding the referendum. What a mess.
>>51521646
Yeah that doesn't sound like a good time. The mining industry in BC has had a lot of growth, so maybe there's some growing pains. Only a few decades ago it was impossible to get an OP permitted in the state I've heard, very anti mining gov back then.

>>51521781
Yeah same i was surprised when you showed the mining article yesterday. How am i not aware of this i asked myself but turns out it's an unconstitutional commie scheme.

>>51521781
thats the interesting bit, from what i can tell its not just a BC problem, its corporate across Canada / the US. These companies have a huge split between corporate and on the ground that needs to be fixed.
As another of my friends I am just texting with points out too, the mining industry really doesnt make its self look good when compared with all the propaganda against it from environmental activism. Anyone inclined to work in heavy industry will usually ignore this, but trying to generate interest from outside that bubble is only getting harder.

>>51518048
>Trust me in the only Austrian in this general.
And now we are two :)
>Tom woods broke my spell 15 years ago. Since then I've been fortunate enough to meet lew Rockwell, most of the lvmi fellows, g Edward Griffen, and many others.
You ran with a good crew. Did you ever go to PorcFest back in the day? I met my wife there about 10 years ago and had the honor of rubbing shoulders with a lot of these cats.
I'm thrilled to have all the newfags in the fight, though it's also terrifying that the twenty-somethings have never seen a full business cycle and don't know how markets behave towards the end of one.
The TARP bailouts were basically my introduction to Austrian economics and interest in broader market movements - wasn't an investor at the time but I've studied the corpse of 2007-2009 like a mortician ever since in anticipation for what's currently shaping up.

There's so much macrofinancial and geopolitical chicanery at this point it's getting hard to keep up. It's like a global Misesian crack-up boom had a bastard child with asymmetric warfare. Exciting and dangerous times we live in.

Oh man, I was just browsing some ceo pages and was reminded of petroteq, that some anon was shilled here a month or two back as a sure thing. Looks like /cmmg/ strikes again.

>>51521443
Moon soon, sers!

Crypto popping as we speak and at the same time the vaults are being drained. We are going to rocket past the moon and planting our flag on Mars.


>>51520051
Almost end of shemitah, so bottom is near.

>>51521418
>>51521393
>>51521443
I wonder if this will be a sell the news event. Especially with shemitah still in play, people will most likely take their profits.

>>51521484
With the upcoming recession people today who are working as UX Diversity Specialists will be tomorrow's miners.

>>51521781
>>51521567

lord, when I started as a diamond drill helper it was 8-6 weeks on / 2 off. And that was long before stuff like rod handlers that did half of the physical work for you

>>>51522275
studied the corpse of 2007-2009 like a mortician ever since in anticipation for what's currently shaping up.
Exactly this. They kicked the can so far down the road, they ran out of road.
The Sept 19 overnight repo was the real bailout and covid was the raison d'être sold to the knuckle dragging normie
Did you see Tom got married recently? They had a roast for him. Glad I wasn't there.
He's a fellow architect btw
>pic won't load
Probably exceeded the maximum weigh limit

>>51523565
Damn, that's a pretty tough gig.

>>51523901

the first and last week were always the worst

actually, now that I think about it, if the zoomers are on 1 on / 1 off that'd be pretty horrible. it always took about a week for my body to acclimatize to 12 hours of nonstop labor with no breaks. they'd constantly be going home right at the point where it becomes bearable

weirdly I started on a disaster copper project not far from KSM's huge Seabridge gold property. lord, the stories

>>51523987
I dont even know what's normal, could also be they are doing 2 weeks on and 2 off, I think it's something like that anyway. Probably not as back breaking today as it was back then. I can imagine they made the machines more comfortable too
What went wrong with the project? Going to bed now tho so will have to read in the morning.

>>51523565
diamond drill camps were horrible back when i was starting out too, guys would often go nuts after week 9, BC changed the regs around how long you could stay in camp for over time after a helicopter pilot lost his mind and shot up a camp near stewart.
Which camp were you on? Seabridge wasnt far from Copper fox's projects, Copper Canyon and all those other mega mines that wont be happening.
>>51523987
The Golden Triangle is territory I cant wait to return too some day, so many different prospecting trips, so little time.

>>51524268
>What went wrong with the project? Going to bed now tho so will have to read in the morning.

Absolutely the most miserable ground in the world, 100+ft of fractured abrasive rock til bedrock, then volcanic intrusions, random voids, you name it. All rookie drillers with less than a year on the controls, and a """"foreman"""" who had even less experience than them and was an idiot. Broken ground meant everything you pumped down the hole just disappeared into the fractures so bits could not be kept alive, nobody knew what they were doing, and it was 10' HQ drill rod, meaning I was slinging these 70 lb unbalanced steel pipes that were covered in grease and polymer. Rods out 2-3 times a shift, every day. Just backbreaking work nonstop, covered in grease, everyone freaking out, clients getting angrier and angrier. What an introduction to an industry lol

>>51524277

It was a tiny little two drill fly job in the area, maybe 3 hours from bell 2 to the airstrip and then chopper to the fly camp. Don't wanna dox myself with too much detail lol

>9 weeks

no fun at all. I did that my last ever trip as a helper, it was a 6 week job that kept getting extended because we were getting fucked by nonstop breakdowns/a retard getting tried out on the controls and blowing everyting up. they sent us 5 used heads and 3 of them blew up before you got 40 meters on them. 7 weeks on night shift too. Absolutely miserable times. At least it was stick, BQ and near sea level

>>51517233
Gary savage is saying short term bullish for metals and that fuck has been right about everything he's said for the past year.

>>51524496
Ah Bell 2, so many non fond memories of camp there...
I am glad I dont go looking for drilling jobs anymore, its really tough work, the moneys good but not worth it. Did you ever do winter drilling? That was the worst experience of my tenure with drilling. Up in Elsa / Mayo yukon territory in January. Staying in a real camp wasnt that bad, fly in camps that were all tents in non stop rain with only the basic stoves was never pleasant.

>>51524676
>Did you ever do winter drilling?

I was lucky enough to do all my winter drilling in south america cuz yo hablo. Literally every guy I ever worked with said "you can do that?!" and then regaled me with tales of the pneumonia hole and frozen water line

>drilling-2008

remember when you didn't have to wear the bucket and hi-vis everywhere

who makes that drill? it reminds me of the hydracore clones that geotech attempted to make, but it's not blue and also appears to be working

>>51524809
I am not sure where this drill was, i get sent loads of pics and its in my archive. There was a crew of guys in Smithers / Houston BC building copies of different chinese drills though and i think this is one of them. As for winter drilling, when you cant turn the drill off or parts will break you know its time to stop.

>hydracore drills are junk
yes yes they are, and parts are impossible to acquire. I know the guys over at Hytech pretty well and I love their rigs, but good luck finding one right now that isnt booked up til 2024.

>>51524883
>Hytech

those guys are the best, wish I'd stuck with them. after years of broken hydracores and "improved" duralites, the tech-5 was dying and going to heaven. though I will never understand the A5 rods in/rods out switch rather than just an ordinary synchronized chuck/foot clamp thing.

>As for winter drilling, when you cant turn the drill off or parts will break you know its time to stop.

I kind of regret never going for a real winter trip. then again I hear stories of dead coil stoves leading to hundreds of feet of frozen water line, and retards dumping heat exchanger water out of the shack onto the frozen lake, getting frostbite from a gust of wind when you're out taking a piss etc and I'm ok with crappy camps but warm weather

one guy i know worked in the congo, he advised me to never ever ever ever work in the congo

>>51525099
yes i ve heard horror stories too from guys working in Africa, especially anywhere near the equator. I ve been told that Bolivia sucks too for drilling but the people from there i ve worked with were incredible so who knows.

>>51525132

ever do any overseas work?

>>51525238
nope I wish though, it always sounded fun but I hate long distance traveling. Maybe someday i ll see if i could find a job in south america or australia. I was offered work in the opal fields many years ago but never went with it.

>>51525274

south america's nice. it's an adjustment for a lot of guys because in a lot of places, customs just doesn't let manufactured stuff in, so if something breaks and you're out of spares, you'll be doing a little improvising. and in some places, you can't fly helicopters so it's all man-portable, and your laborers usually like to get paid for 2 or 3 days, so move days can sometimes take 2 or 3 days, which sucks if your contract is heavy on footage. and sometimes the diesel is half fryer oil. and when they make cheap shit in china, the stuff that fails QC gets sold in south america, so anything Chinese you buy locally there's a 50% chance will not work out of the box, as we learned with generators lol

but generally everyone there knows the score so there's a lot less pressure and every camp I was in didn't care if you had a beer after work. if you can speak the language and don't go crazy about how haywire and shoot from the hip everything is, it's good work

those fucking 25 hour flights though, i do not miss those.

>>51525439
Peru or somewhere in the Amazon basin would be really interesting to explore, one of my old bosses worked in that part of the world in the 70s / 80s on illegal placer mines and dredge setups. Those were real bat shit crazy times, and from what I hear it hasnt changed much.

>>51525507
>Those were real bat shit crazy times, and from what I hear it hasnt changed much.

I have seen gold panners on riverbanks just pouring mercury into their shovels and burning it off right there. the same river they fish out of. it's an entire culture of not giving a fuck

go for it! colombia's pretty safe these days, has a working government etc. one guy I know was there and their 'camp' was one of escobar's old mansions.

>gary got on palishit again
Is this the first guy 4chan put on there? This guy was a nobody before getting shilled in here

>>51518048
>It's basically an 11 square mile swingers island with a scuba problem.
Thanks, good info.

I'm probably all done with scuba and snorkeling. Losing my teeth, so I can't hold a regulator or even get a good seal on a mask.
It sucks getting old, I don't recommend it.

you're remarkably well-traveled it seems. Funny story about swingers- last time I was in Mexico we had a couple hitting on us for a week and my wife never caught on. She's not a swinger!

Gama explorations had a big day. Didn't notice until now. Kind of interesting since this is the company that optioned the Big Onion property from Blue Lagoon after their previous deal fell off. Lagoon holds a bunch of Gama shares from that. Not enough to matter but still. Gama also holds some Lagoon shares, some of which they sold a few months back.

>>51526348
I'm so tired of this bullshit.

>no steel discussion
Really? Not one of you is buying X or CLF?

>>51526464
im not a tranny so my broker wont let me buy CLF

>>51519103
If this doesn't confirm that we are going into a recession or even a depression, I don't know what will

>>51526464
I'm pretty scared of buying steel right now. Recession coming. Although maybe now would be the best time for industrials, maybe a bottom is coming about there. Idk but I'm unconvinced. I expect lower demand and as long as coal prices are high input costs will also be high for steelmakers.

>>51527314
you gotta be a permabull on USD to even be itt, but let's be real

the US just gained the entirety of Russia's western economy and is about to get China's as well. We might be in for a recession, but we might not.

>>51527353
bear not bull

I get my ursines mixed up with my ungulates when I drink

>>51527353
Nope, we will get a recession. Those economies take time to be established. New LNG facilities will come online in 2025. And when Europe begins wobbling it will affect the global economy as well.

>>51527372
yeah, it will take time for the US to take over

but barring a nuclear strike the US is about to boom like it hasn't since the Cold War. Thank you Putin.

>>51527388
Absolutely. USA is benefitting a lot from Europe's suffering. All according to plan.

>>51527488
>All according to plan.
russia killed our energy industry in 2019 and europe didn't mind benefitting from that at all

>>51527500
And now Europe is happily killing its own citizens' livelihood and destroying its foreign relations with Russia, at the benefit of the USA.

>>51527514
yep

they want US protection without paying US prices. Sadly the Saudis don't lend them nukes.

>>51527523
The big question for me is, what are the odds that we get another Eurozone crisis in the next 2-3 years? That would be a major black swan event. Sovereign debt problems in Italy or Greece could be the catalyst, or the current energy crisis as we're already seeing energy companies being bailed out and nationalized. Europe is so fucked

>>51527541
honestly I'm more worried about Putin launching missiles, but then I'm not European and have a lot of confidence in their ability to survive austerity or worse.

>>51527541
at the end of the day US has EU's and UK's back. If those guys start to starve or freeze we will step in and help them.

>>51527562
how

>>51527590
the meaningfull help will come from congress responding to popular will.

less meaningfull will be financial donations by individuals

but both would arrive.

because if we give you a billion dollars to buy US energy we're really just giving a billion dollars to our own workers and shareholders. Bailing out the EU is the same as bailing out the US.

Can someone give me a run down on lithium in Africa?, alot of large Chinese mining companys are developing infrastructer and purchasing land

>>51527610
i was under the impression that more money won't help

>>51527651
>i was under the impression that more money won't help
you'll see

murrica can do almost anything for the right amount of money. So can the middle east, but they're mostly american projects too.

>>51523125
>I wonder if this will be a sell the news event
It'll either be this or it'll be at first production which is planned around the end of October. Only a month away so people might just wait.

>>51517475
>That bingo card is bayhorse.jpg lmao.

>>51519583
>Blue Lagoon is dead isn’t it bros give it to me straight
yeah.

>no banana grade announcement
>waiting on permit to be announced at some point between the next two weeks and the collapsing of the sun
Give me one good reason I shouldn't just market sell all of my miners and buy a 3x long ETF on GDX instead of waiting on gov permits and dealing with pajeets.

https://twitter.com/Schuldensuehner/status/1572110530998927360
>Good Morning from #Germany where #inflation pressure rising strongly again. PPI has accelerated to 45.8% in Aug YoY from 37.2% in Jul, highest price increase ever since start of statistic in 1949. Compared w/preceding mth PPI jumped by 7.9% in Aug, also the highest increase ever.

>>51528257
GDX is better than most juniors

>>51523125
Why would gold keep rising if the fed is raising interest rates?

>>51519583
there was actually a lot of positive info in yesterday's news release

https://bluelagoonresources.com/news/

>>51526464
Steel is cheap good time to buy, but maybe we get a dump over depression fears and then you get to scoop them up with a 20-30% dividend yield.

>>51528291
Anybody know any German industrial stocks? I want to buy puts. I know of BASF and Siemens at least, any others?

>>51528976
Like what?

>>51526464
clean your room

>>51528291
inflation is ze transitory

>>51526464
>pic
these are the people giving you financial/life advice

>>51472621
Whats the reload price on $SALT? $2.25?

>>51527353
>you gotta be a permabull on USD to even be itt
Ya think???

Blue Lagoon bros I don't feel so good....

>>51507982
Following up on what >>51508889 said. Check out Vulcan Energy. They are a briner getting ready to open up shop in Upper Rhine valley of Germany. They plan to be Europe's main lithium provider and already have contracts with Stellantis.

>>51530490
why u redeem sir

WHY IS GOLD / SILVER SELLING OFF HE SAID IT WOULD BE THE MOST VALUABLE ASSET AAAHHHHHHHH

BAYHORSE
GALLEON
GUANAJUATO
KINROSS
METALLA
GOLD MOUNTAIN
NEWMONT
BLUE LAGOON

TAKE 'EM ALL OUT
WE CAN'T STOP THE SELLING
EVEN CRAMER DOESN'T KNOW WHAT TO THINK

>>51530787
No bro they're... acc- pfff... accumulating op- PFFFFF! Oh God, oh jeez... accumulating opportunities! PFF HAHAHA! Oh LORD it's even funnier the forty-fourth time!

Shemitah continues to go exactly as planned. God I love being patient.

>>51530954
just wait until the blood bath tomorrow after FOMC, and for the rest of the week and the next week as the reality sets in. God I love dollars

>>51530787

>>51530542
How is Europe going to afford to charge those lithium batteries?

>>51472621
How are we above pre-Covid minus the elite being able to suck off the govt tit?

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2120-cse/bnkr/128175-bunker-hill-secures-ball-mill-capable-of-increasing-annual-production-throughput-capacity-to-2-100-tpd.html

>>51531178
We're very well above that. And that means, we have a loooong way down!

So I dumped my Galleon bags for a 40% loss at 32 cents a couple weeks ago, after begrudgingly coming to terms with the fact that the proposed mine isn't going to be very profitable if it ever gets built, and Pan American seems to have no interest in buying them out. Its since continued to dump and is now below 20 cents. Do any anons still holding think theres a good price level to buy back in at? From my understanding the price of gold needs to rise a lot for GGO to become attractive. It could still happen. I cant tell where the bottom is on this one which is why I got tired of Hodling, and Russell has been a pretty uninspiring CEO.

>>51531503
Personally I wouldn't invest in that company

>>51531584
I hear you, the only thing that gave me some confidence was the fact Sprott owns so much of it.

What is the list of the worst CMM picks?

Bayhorse
Galleon
Panther
Gold Mountain

What else

>>51531647
most of them

>>51531647
I'm 50/50 on that. Sweet.

>>51531240
2K if we weren't in clown world?
>quasi related, Fedex is red over 5 years

>>51531850
I think 2,500-3,000 and we'll be seriously thinking about a pivot but I would gladly welcome 2,000 as well

>>51531184
Bunker Hill really looks like their trying to bring their project online asap.

>>51531938
Should we prep the BVLL?

NEW
>>51532097
>>51532097>>51532097

>>51531503
no i wouldnt buy back into galleon unless gold goes back to all-time highs. those ounces in the ground could get revalued much higher in that scenario. the stock was trading over 1$ relative to todays price after the split, so it theoretically could be an 6-7x or so

even then it would only be a trade, not a long term investment

>>51531647
Blue Lagoon has lost alot too, but pretty much all juniors have gone -65% or so at least except the top ones