NOIC 2018 Mining Share panel (left to right): Brien Lundin, Nick Hodge, Byron King, Lobo Tiggre (Click to watch).
Rick Rule hosted the timely Mining Share panel at the New Orleans Investment Conference alongside Brien Lundin, Editor of Gold Newsletter and CEO of the New Orleans Investment Conference. Joining Rick and Brien were Nick Hodge, Founder and President of The Outsider Club, Byron King, Editor at Agora Financial, and Lobo Tiggre, Founder and CEO of Louis James LLC.
The panel, which brought a wealth of opinions and convictions on the mining sector, was a favorite among attendees.
For his part, Rule balanced the discussion with his own successes and tough lessons, reminding the audience at one point that “bear markets are the authors of bull markets” — or, in other words, when it comes to commodity prices, what goes down must eventually go up. He challenged the panelists on the prospect of a mining sector resurgence. As you might expect, the contrarian investing experience on the panel provided for a lively discussion chock-full of information.
It may come as no surprise that uranium was among the expert panel’s top picks while copper and silver received honorable mentions
Among the topics examined were:
Risk versus reward: What kind of capitalization looks attractive in the current investing climate?
Commodity themes: Which commodity is a favorable opportunity and why?
Sector themes: What sector themes in mining are attractive?
Market upside: How far will the upturn in commodities go as a result of the down cycle?
Black swan events: How might a black swan impact the commodity thesis?
The New Orleans Investment Conference is known as an annual gathering of minds in The Crescent City. It has become a legendary investment get-together over the course of four-and-a-half decades. The NOIC has amassed prominent keynote speakers made up of renowned economists, entrepreneurs, politicians and literary figures. The panel discussions feature a host of distinguished speakers who address crucial investing topics and answer the pressing questions of the private investors. The most recent Conference in New Orleans embraced the uncertainty in market sentiment with panel discussions on the economy, geopolitics and the “Booms, Busts and Bubbles.”
To watch the presentation from NOIC 2018, CLICK HERE. Read in browser »
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This report contains forward-looking statements which reflect the current expectations of management regarding future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as “may”, “would”, “could”, “will”, “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, and similar expressions have been used to identify these forward-looking statements. These statements reflect management’s current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this document. These factors should be considered carefully and undue reliance should not be placed on these forward-looking statements. Although the forward-looking statements contained in this document are based upon what management currently believes to be reasonable assumptions, there is no assurance that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this presentation and Sprott does not assume any obligation to update or revise.
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Generally, natural resources investments are more volatile on a daily basis and have higher headline risk than other sectors as they tend to be more sensitive to economic data, political and regulatory events as well as underlying commodity prices. Natural resource investments are influenced by the price of underlying commodities like oil, gas, metals, coal, etc.; several of which trade on various exchanges and have price fluctuations based on short-term dynamics partly driven by demand/supply and also by investment flows. Natural resource investments tend to react more sensitively to global events and economic data than other sectors, whether it is a natural disaster like an earthquake, political upheaval in the Middle East or release of employment data in the U.S. Low priced securities can be very risky and may result in the loss of part or all of your investment. Because of significant volatility, large dealer spreads and very limited market liquidity, typically you will not be able to sell a low priced security immediately back to the dealer at the same price it sold the stock to you. In some cases, the stock may fall quickly in value. Investing in foreign markets may entail greater risks than those normally associated with domestic markets, such as political, currency, economic and market risks. You should carefully consider whether trading in low priced and international securities is suitable for you in light of your circumstances and financial resources. Past performance is no guarantee of future returns. Sprott Global, entities that it controls, family, friends, employees, associates, and others may hold positions in the securities it recommends to clients, and may sell the same at any time.
As time goes by …. famous events and stories of days gone by are slowly forgotten and vanished into obscurity. For the young millenials of today, February 14th at one time was a very special day, especially for kids and their secret classroom sweethearts. In schools all over the Americas it was actually a very exciting day that was fun but could also prove to be very nerve racking and sometimes downright gut wrenching and gloomy.
On arts in crafts day (yes that was an actual part of the curriculum) teachers passed out scissors (the rounded ones thankfully) colored construction paper , white doilies , boxes of Crayola crayons & of course the famous sticky paste glue. Most of which for some unknown reason was eaten or found a way into your hair. Armed with this cornucopia of ammo, kids embarked on the task of creating homemade Valentine cards. The cards would be passed out along with Hershey Kisses and small chalky candy, known as Conversation Hearts. The messages varied from Be Mine, Kiss Me to Buzz Off. etc… but looking back sometimes could evoke a myriad of emotions also.
These cards could either be set your heart a flutter or crush it into fine powder. I kid you not, the day could be a traumatic experience, joy for the popular kids and a day of dread for the nerds. I can remember being passed over by my Kindergarten Crush, Katie and having to deal with it during several intense therapy sessions in later years. ? We should all pity the really traumatized kids who were left to get a card and hug from the Joe the janitor or Lucy the lunch lady. ?
This day was also infamous for one of the most famous Mob Hits in history. It occurred on this day, February 14, 1929. The ambush took place in a warehouse in Chicago’s North Side by four assailants dressed as police officers. The hit was supposedly ordered and planned by the one and only ,notorious Al Capone who was known as one of the most ruthless criminals in American History. This event was specifically designed to send a message and was targeted on St. Valentines’ Day for maximum effect and will be forever ingrained in American folklore.
Well … how does this tie in to Junior Resource stocks ??? … let me elaborate. There are certain stocks who I hold very dear to my heart on this Valentines Day, 2019. Many of whom whose shares prices have been massacred from their 52 week highs. I would like to point a few out that I feel are at very good entry points on this February 14. 2019. The only way to make money in this business is to seek out the unloved and unfavored. Take a chance and wait for the love to come back slowly but surely.
Jericho Oil/ JCO – This is a smartly managed Oil & Gas company that is sitting in one of the most prolific and growing oil fields in the US. They acquired very valuable land in the STACK region in north central Oklahoma when others were asleep at the wheel. Buying quality land on the cheap is going to pay off big time soon. Their new wells which they have been debuting have been top notch. The price of Oil has been steadily climbing (up over 25% since the first of the year) It is just a matter of time that real money will start flowing back into the sector.
JCO/ Jericho Oil
February 14 2109 Share Price 40 cents
52 Week H/L .40 -$1.38
This way under valued dynamo is primed and waiting to catch a bid. JCO certainly needs to shown some love on Valentine’s Day, it can embraced at its absolute low for the year today and with Oil prices climbing steadily the share price is soon going to tag along for the ride. Be Mine !!!
McEwen Mining (MUX) – This very well run company is just waiting for the Gold price to set it off again. Catapulting it to the heights it commanded during the last bull run. Namesake, Rob McEwen pays himself $ one dollar a year (which is one more than I get) only if the shareholders make money so does Rob (quite the incentive). McEwen owns 23% of McEwen which amounts to 80 Million Shares of a 345 Million float. Now that friends is serious skin in the game. With a well rounded portfolio of properties spread over the Americas and with primary targets of Gold, Silver & Copper, MUX is diversified into minerals which are sure to appreciate in price after many long years of manipulation and suppression.
MUX/ McEwen Mining
February 14, 2019 Share Price $1.76
52 Week H/L $1.61 – $2.62
Coming on line soon is a new open -pit mine in very mining friendly, Nevada in the historic Battle Mountain trend. Debuting with all in costs at $975 oz and with the price of Gold steadily rising. This keeper will surely add a steady profits to the bottom line for many years to come. First year production is forecasted at an impressive 60 K ounces. The key thing that excites me as a shareholder is during the last bull run MUX topped out close to $10 a share, and now the company has many more irons in the fire. The goal is to get MUX listed on the S&P and that would open up a whole new world of potential shareholders. Rob McEwen former CEO of GoldCorp during its glory years has $160 Million , yes $160 million of his own dough invested in himself by way of MUX. Rob & his wife Cheryl, have donated $50 Million to stem-cell research which is very near and dear to my heart as I lost my Mom at a young age to a rare form of cancer. So as you can tell, Mr. McEwen is a sweet heart of a guy and has a very generous heart. MUX is worth a long look on this Valentines Day.
Upon graduating college I had a “Graduate” moment of my own. In that smart timeless movie, “The Graduate” an older sophisticated tycoon whispered in Dustin Hoffman’s ear “Plastics”. If it was good enough for DH, it was good enough for me, it launched me into a very long lucrative career selling plastics to a waiting world. Similarly, I think the phase that will be whispered now as the up and coming thing is “Vanadium”
Vanadium is the new flavor of the year in metals. The price in short order rose from $3 a pound to $34 and has since settled in the $17 range and seems to be riding the beginning of another upward wave. Vanadium is used to strengthen steel which is of great concern since the failure of Chinese steel during recent earthquake activity. It is also used autos & airplanes to strengthen and more importantly shave off significant weight, which greatly improves fuel efficiency. FVAN/ First Vanadium aptly named, was one of the first companies to realize what lay on the horizon. CEO Paul Cowley smartly acquired a property in mining friendly Nevada that was once owned by industry giant Union Carbide. As large behemoth companies often do, they give up and capitulate on properties at preciously the wrong time. The property was drilled extensively with great results but they finally threw their hands up when rock bottom Vanadium prices seemed the norm. They gave it away for a song. One mans junk turns into another mans treasure. Although in this case their junk happens to be a now very sexy in-vogue metal.
FVAN/ First Vanadium Corp
February 14. 2019 Share Price 59 Cents
52 Week H/L .27 – $1.96
Soft-spoken Paul Cowley has secured powerhouse Peak Marketing to get the story out and spread the gospel of FVAN. He will need their help to separate the wheat from the chaff, as I saw every Tom, Dick & Harry displaying Vanadium signs at their booths at the recent Vancouver Resource shows. I swear it seemed as if the paint wasn’t even dry at some of these charlatans and opportunists booths. You read it here first, First Vanadium was indeed FIRST and has been carefully vetted by me. They will have a Resource Estimate out in perfect timing for PDAC and it should be very impressive and possibly game changing. You have been dutifully notified. This once ugly duckling has turned into golden goose. Get some on Valentines Day before the Vanadium fever burns too hot.
This was written with the purpose to point out some undervalued and unloved companies temporarily out of favor at this point in time.These companies have been carefully researched and vetted. by me. Also this articles purpose is too remind & make sure my readers, fans and subscribers stay out of the dog house today and remember to load up on the candy , flowers and some stocks if there is any dough left over. ?
This piece was written for informational purposes and to point out a few companies that I feel are worth taking a long look at. This is certainly NOT investment advise. Always consult you financial adviser before making any investments. I hold shares in each and JCO is a valued supporter of my website and helps keep me running and growing. My website can be found at www.kdblueskymarketing.com where I strive to find unloved , out of favor companies that I feel are worth looking into. Sign up for my FREE monthly newsletter and see what each month brings.
VANCOUVER , Feb. 14, 2019 /CNW/ – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to report geotechnical results for the initial shaft pilot holes and assays for all twenty-nine holes comprising 20,482.31 m , drilled during the summer development program on the Company’s 100% owned Rook I property, in the Athabasca Basin, Saskatchewan .
Highlights:
Shaft Pilot Hole Report
NexGen Energy Ltd. retained SRK Consulting Canada Inc. to complete a geotechnical, hydrogeological, and thermal characterization to confirm the selection of a suitable location for the proposed shaft and facilitate a Feasibility Study (“FS”) level technical assessment related to the shaft pilot hole program. Additionally, DGI Geoscience Inc. completed a down-hole geophysics program to collect continuous data, in electronic format, of: sonic velocity, density, normal resistivity, natural gamma, spontaneous potential, mechanical caliper, and acoustic and optical scans of the borehole walls.
Three shaft pilot holes were successfully completed to a depth between 650 m and 702 m . The vertically drilled shaft pilot holes were kept within a 6.0 m diameter cylinder from surface through to their termination depths, intersected minimal structure and showed low hydraulic conductivity throughout via packer testing at regular intervals.
The shaft pilot hole geotechnical and hydrogeological conditions compiled in the Rook I Arrow Deposit Pilot Characterization Report will facilitate FS level engineering and design of two vertical shafts at the Arrow Deposit; one for exhaust air and one for production and fresh air.
Overburden / Sedimentary Geotechnical: The sedimentary profile was confirmed to extend from surface down to the basement unconformity at approximately 100 m . Typical of holes drilled at the Arrow Deposit, an average sedimentary profile was developed from the shaft pilot holes:
Rock Geotechnical:
Hydrogeological:
Geotechnical Characterization of the A2 Sub-Zone
Assays have confirmed significant uranium mineralization was intersected in the two holes drilled to geotechnically characterize the rock mass within the A2 sub-zone. The holes were designed to obtain data in order to quantify the sub-surface conditions within the mine plan. Both holes were collared at a steep inclination, then shallowed out to a dip of approximately 57°.
GAR-18-016 intersected 32.5 m at 6.65% U3O8 (574.5 to 607.0 m ) including 10.0 m at 20.04% U3O8 (583.0 to 593.0 m ) additionally, 10.0 m at 1.43%U3O8 (617.5 to 627.5 m ). The hole intersected significant mineralization outside of the current high-grade resource shells and are not incorporated into the current mineral resource inventory. In terms of packers testing within the A2 sub-zone, GAR-18-016 showed low flow rates averaging 1.656 L/min ( 576.5 m to 639.0 m ).
GAR-18-017 intersected 7.5 m at 3.03% U3O8 (616.5 to 624.0 m ) including 3.5 m at 6.34% U3O8 (620.0 to 623.5 m ). The hole was drilled in an open area within the A2 sub-zone between two previously unconnected shells which has not yet been incorporated into the current mineral resource inventory. In terms of packers testing within the A2 sub-zone, GAR-18-017 showed low flow rates averaging 0.950 L/min ( 567.0 m to 618.0 m ) and 0.218 L/min ( 618.0 m to 669.0 m )
Expansion, A2 High-Grade Domain
Assays from drilling focused on an under-explored area to the northeast boundary of the currently defined A2 high-grade domain have confirmed the presence of significant uranium mineralization within the A2 shear zone as well as between the A2 and A3 shears. The hole demonstrates the continuity of high-grade mineralization beyond the currently defined A2 high-grade domains.
AR-18-220c1 located, approximately 50 m along strike to the northeast of AR-14-30 (10.32% U3O8 over 46.0 m ) intersected 36.0 m at 1.12% U3O8 (512.0 to 548.0 m ) including 2.0 m at 10.0% U3O8 (528.5 to 530.5 m ) additionally, 16.5 m at 1.43%U3O8 (578.0 to 594.5 m ). Between the currently defined A2 and A3 resource shells the hole intersected 36.0 m at 0.64% U3O8 (396.0 to 432.0 m ) including 4.0 m at 5.23% U3O8 (402.05 to 406.5 m ).
Drill hole locations and schematics are shown in Figures 1 to 5, while assay results are displayed in Table 1.
Leigh Curyer, Chief Executive Officer, commented: “These results highlight the strength of the technical setting of the Arrow Deposit for development and the growth potential that remains at Arrow. Five years ago today, NexGen discovered the Arrow Deposit. With over 300,000m of drilling since that date and Arrow continuing to show incredible growth with these results, it is truly unique.”
James Hatley , Senior Vice-President, Project Development, commented: “The geotechnical and hydrological conditions for shaft sinking at the Rook I Project have been thoroughly investigated at the feasibility level by SRK, and the bulk hydraulic conductivity in the basement rock from my experience is excellent.”
Troy Boisjoli , Vice-President, Operations and Project Development, commented: “The assay results from the Summer 2018 drill program have confirmed areas with future growth potential at the Arrow Deposit. Another aspect confirmed by these assay results was the strong geotechnical characteristics of the A2 sub-zone. Both of these objectives were successfully reached, supporting the planning for the 2019 drill program which commenced in December 2018 . We look forward to continuing this systematic approach in advancing the Arrow Deposit towards the completion of the Feasibility Study, scheduled for H1/2020.
Development, Activities & Financial
Expediting Arrow to Feasibility by initiation of a 2-stage 125,000m (10 rig) high density drilling program that commenced in mid-December 2018 to focus on mine optimization plans based on Measured and Indicated mineral resources.
As of January 31, 2019 , the Company had cash-on-hand of approximately $110 million which fully funds NexGen for all drilling, feasibility and development programs planned this year.
Figure 1: Arrow Deposit Drilling Locations (CNW Group/NexGen Energy Ltd.)
Figure 2: Shaft Pilot Hole Locations, Arrow Deposit (CNW Group/NexGen Energy Ltd.)
Figure 3: A2 Geotechnical Characterization Holes (CNW Group/NexGen Energy Ltd.)
Figure 4: Expansion, A2 High-Grade Domain (CNW Group/NexGen Energy Ltd.)
Table 1: Arrow Drill Hole Data
Drill Hole
Athabasca Group – Basement
Unconformity Depth (m)
SRC Geoanalytical Results
Hole ID
Azimuth
Dip
Total Depth
(m)
From
(m)
To (m)
Interval
(m)
U3O8
(wt%)
AR-18-210c1
327
-70
876.5
115
606.5
607.0
0.5
0.04
AR-18-210c2
327
-70
957.5
N/A
No significant intersections
AR-18-210c3
327
-70
946
N/A
No significant intersections
AR-18-211c1
327
-70
1128.5
N/A
865.5
866
0.5
0.05
869
871
2
0.02
875
877
2
0.03
960.5
962.5
2
0.03
988
991
3
0.02
1088.5
1089.5
1
0.04
AR-18-211c2
327
-70
1014.5
N/A
No significant intersections
AR-18-211c3
327
-70
1063.5
N/A
647
647.5
0.5
0.01
865.5
866.5
1
0.02
953.5
954.5
1
0.03
AR-18-212c1
325
-67
807.5
97.7
No significant intersections
AR-18-213c1
327
-65
765.5
98.85
No significant intersections
AR-18-214c1
327
-65
891.5
111
149.5
151
1.5
0.01
157
161.5
4.5
0.13
337
337.5
0.5
0.05
AR-18-215c1
327
-70
990.5
N/A
883.5
884
0.5
0.02
906
906.5
0.5
0.02
AR-18-216c1
327
-65
483.5
107.4
No significant intersections
AR-18-217c1
327
-73.5
1233.5
122.5
196
202
6
0.02
727.5
728
0.5
0.02
964.5
966
1.5
0.35
969.5
971
1.5
0.04
977.5
978.5
1
0.10
AR-18-218c1
327
-65
827
97.8
No significant intersections
AR-18-219c1
327
-65
663.5
133.95
342.5
347
4.5
0.05
353
354
1
0.15
358
371
13
0.08
375
375.5
0.5
0.03
381.5
383
1.5
0.02
387
416
29
0.08
420
421.5
1.5
0.01
424.5
435
10.5
0.05
438
472
34
0.14
572
579.5
7.5
0.07
586.5
590
3.5
1.87
incl.
587
588
1
5.73
593
595.5
2.5
0.02
600.5
605
4.5
0.17
610
612
2
0.43
621
625.5
4.5
0.32
631
631.5
0.5
0.21
AR-18-220c1
327
-68
744.5
130.35
331
332
1
0.02
335.5
337.5
2
0.04
359.5
362
2.5
0.03
365
380.5
15.5
0.12
383.5
391.5
8
0.18
396
432
36
0.64
incl.
402.5
406.5
4
5.23
435.5
441
5.5
0.08
444.5
456
11.5
0.05
475
491
16
0.03
501
508.5
7.5
0.11
512
548
36
1.12
incl.
520.5
521.5
1
8.55
incl.
528.5
530.5
2
10.06
578
594.5
16.5
1.43
incl.
588.5
592.5
4
5.68
597
599
2
0.05
624.5
625.5
1
0.10
641.5
646.5
5
0.05
657
660.5
3.5
0.02
680
682.5
2.5
0.04
AR-18-220c1a
327
-68
441
448
445
446.5
1.5
0.06
GAR-18-006
147
-80
737.4
100.8
518
522
4
0.21
576
578
2
0.55
600
601
1
0.03
GAR-18-006a
147
-80
155.4
101
No significant intersections
GAR-18-007
147
-68
671.4
93
No significant intersections
GAR-18-008
147
-65
629.6
96.05
597
598.5
1.5
0.10
617.5
618
0.5
0.18
GAR-18-009
147
-70
641.4
101
No significant intersections
GAR-18-010
147
-90
650.44
98
548
551
3
0.06
553.5
555
1.5
0.12
558
559
1
0.01
GAR-18-011
147
-65
799.5
95.05
No significant intersections
GAR-18-012
327
-75
1043.4
N/A
564.5
566
1.5
0.05
589
589.5
0.5
0.02
602.5
606
3.5
0.28
766
767.5
1.5
0.02
GAR-18-013
147
-90
650.4
108.9
No significant intersections
GAR-18-014
327
-80
659.4
101
No significant intersections
GAR-18-015
147
-90
701.47
96.35
No significant intersections
GAR-18-016
327
-65
660
128.85
492
493
1
0.09
534
539.5
5.5
0.04
550
554.5
4.5
0.04
574.5
607
32.5
6.65
incl.
583
593
10
20.04
incl.
605
607
2
4.43
617.5
627.5
10
1.43
incl.
622.5
626
3.5
3.19
GAR-18-017
327
-65
717
127.75
503
504
1
0.11
514.5
515
0.5
2.03
517.5
518
0.5
0.36
521.5
522
0.5
0.04
530
532.5
2.5
1.35
535.5
537
1.5
0.11
563.5
567
3.5
0.06
577.5
578.5
1
0.17
581
599
18
0.06
616.5
624
7.5
3.03
incl.
620
623.5
3.5
6.34
627
631
4
0.12
638.5
640
1.5
0.02
650.5
661
10.5
0.04
666
669
3
0.07
Parameters:
Maximum internal dilution 2.0 m downhole
Minimum thickness of 0.5 m downhole
Cutoff grade 0.01% U3O8
All depths and intervals are metres downhole, true thicknesses are yet to be determined. Resource modelling in conjunction with an updated mineral resource estimate is required before true thicknesses can be determined.
Directional drilling has often resulted in mineralization intersected at a more favourable and shallower dip
About NexGen
NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook I, location of the Arrow Deposit in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.
Technical Disclosure
The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O’Hara , P.Eng. of Wood., David Robson , P.Eng., M.B.A., and Jason Cox , P.Eng. of RPA, each of whom is a “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects(“NI-43-101“).
The Mineral Resource Estimate was completed by Mr. Mark Mathisen , C.P.G., Senior Geologist at RPA and Mr. David Ross , P.Geo., Director of Resource Estimation and Principal Geologist at RPA. Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli , Geoscientist Licensee, Vice President – Operations & Project Development for NexGen. Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols. All other technical information in this news release has been approved by Mr. James Hatley , a Professional Engineer, Senior Vice-President – Project Development for NexGen. Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design.
Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.
Technical Information
For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled “Arrow Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasbility Study” dated effective 5 November, 2018 (the “Rook 1 Technical Report”) prepared by Paul O’Hara , P.Eng., Jason J. Cox , P.Eng., David M. Robson , P.Eng., M.B.A., Mark B. Mathisen , C.P.G. each of whom is a “qualified person” under NI 43-101. The Rook I Technical Report is available for review under the Company’s profile on SEDAR at www.sedar.com and EDGAR (www.sec.gov/edgar.shtml) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource and is available on NexGen Energy’s website (www.nexgenenergy.ca).
Forward-Looking Information
The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.
Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen’s business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen’s planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company’s title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company’s Annual Information Form dated March 2, 2018 under “Risk Factors”.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
KELOWNA, BC , Feb. 14, 2019 /CNW/ – FISSION 3.0 CORP. (“Fission 3” or “the Company“) is pleased to announce results from the winter drill program at its PLN project in the Athabasca Basin region of Saskatchewan, Canada . A total of 2,051m were drilled in six completed holes and two holes that were abandoned due to poor ground conditions. Drilling focused on the north-south trending A1 basement hosted electromagnetic “EM” conductor, where previous drilling in 2014, including hole PLN14-019 ( 6.0m @ 0.012% U3O8), indicated the conductive corridor to be prospective for mineralization. All six holes encountered strong hydrothermal alteration over variable widths and a number of narrow radiometric anomalies, including a downhole radiometric peak of 1,382cps (PLN19-026), often a key signature of mineralized systems. The A1 conductive corridor remains prospective to the south and PLN hosts multiple drill targets that remain untested on the property, and will be the subject of future exploration.
Fission 3.0 Logo (CNW Group/Fission Uranium Corp.)
New Drill Program Imminent. The company is prepping for a nine-hole work program at two of its Key Lake South projects – Karpinka Lake and Hobo Lake – which is expected to commence imminently. The Key Lake South projects are located approximately 40km south of the historic Key Lake mine and mill. In a setting analogous to Fission Uranium’s PLS project, the target is shallow depth, basement hosted uranium mineralization outside of the present day Athabasca Basin margin. The Key Lake Shear Zone (KLSZ) is a north-south trending, moderately meandering litho-structural corridor that is present north of the Key Lake deposit and continues to the south, through the Karpinka and Hobo Lake properties. The KLSZ is a primary feature associated with the occurrence of the historic Key Lake deposit and its presence on the Key Lake South properties represents an important exploration target.
News Highlights
PLN Highlights:
Key Lake South Highlights:
Ross McElroy , COO, and Chief Geologist for Fission, commented,
“Drilling this winter on the A1 conductive trend encountered encouraging alteration and radioactive anomalies. The six completed holes followed up a section of the trend where previous drilling indicated encouraging signs of potential mineralization. PLN is an exciting and highly prospective property in an emerging uranium camp in the Patterson Lake area, where recent nearby discoveries of world-class high-grade uranium deposits have been made. Future drill programs will continue to test the vast potential of the PLN project. We are also looking forward to our Key Lake South drill program, which will commence later this month.”
About PLN: The PLN package consists of a total of 36,537 ha in 37 mineral claims of which Fission 3 has a 90% interest in 27,408 ha (10 mineral claims) and a 100% interest in an additional recently staked 9,129 ha (27 mineral claims). Azincourt Energy Corp. holds a 10% interest in 27,408 ha of the PLN property.
The property, just inside the Athabasca Basin, is prospective for high-grade uranium at shallow depth. The property is adjacent to, and part of the same structural corridor as Fission Uranium’s PLS project, host to the Athabasca’s most significant major, shallow-depth, high-grade uranium deposit. Previous drill results show large scale potential. Drilling in 2014 identified a mineralized corridor associated with the A1 ~700m in strike length, where results returned significant mineralization and pathfinder elements (uranium, boron, copper, nickel and zinc) and included hole PLN14-019 which intercepted 0.5m at 0.047% U3O8 within 6.0m @ 0.012% U3O8.
About Key Lake South: The Key Lake area is an important historic mining district. The Key Lake operations is owned by Cameco Corp. (83%) and Orano Canada Inc. (17%) and hosted the former Key Lake mine, which produced 208 million pounds of uranium between 1975 to 1997 and is home to one of the largest uranium mills in the world. The Key Lake mill processed ore from the McArthur River uranium deposit, until Cameco announced in 2018 that McArthur River mining would be suspended indefinitely due to low uranium prices. The area is considered highly prospective to discover significant new uranium occurrences.
The 100% owned Key Lake South Projects consist of two projects (Karpinka Lake and Hobo Lake) covering 19,377 ha in 42 mineral claims. The properties are located approximately 40km south of the historic Key Lake mine. The projects are geologically situated within the extremely prolific Wollaston-Mudjatic Transition Zone “WMTZ”, notable for hosting the majority of the major high-grade uranium deposits on the eastern side of the Athabasca Basin. To the north, the Key Lake Deposit is hosted within the northern portion of northeast-southwest trending litho-structural feature known as the Key Lake Shear Zone “KLSZ”. The KLSZ continues southward through the Karpinka Lake and Hobo Lake projects. Together the properties cover approximately 50km of trend of the KLSZ, where a number of geochemical uranium anomalies have been discovered and where a network of EM conductors exhibit structural complexity including off-sets, breaks, folding and other geophysical features such as gravity and resistivity lows. These features are often associated with uranium mineralization occurrences.
Table 1: Winter 2019 PLN Drill Hole Summary
Target
Hole ID
Collar
* Down-hole Radiometric Highlights
with Mount Sopris 2PGA-1000 Natural Gamma Probe
Overburden Depth
(m)
Athabasca
Sandstone
Thickness (m)
Basement Unconformity Depth (m)
Total Depth (m)
Azimuth
Dip
From (m)
To (m)
Width (m)
CPS Peak
A1 Conductor
PLN19-022
56
-62
184.8
185.6
0.8
547
115.6
19.5
135.1
290.0
PLN19-023
Abandoned
132.6
PLN19-023A
Abandoned
131.7
PLN19-023B
46
-77
148.5
149.4
0.9
731
114.8
13.1
127.9
389.0
PLN19-024
58
-72
203.6
204.9
1.3
912
111.5
8.0
119.5
266.0
214.3
216.1
1.8
891
PLN19-025
62
-72
196.4
196.7
0.3
548
118.8
0.2
119.0
299.0
199.3
199.6
0.3
644
212.8
213.6
0.8
834
PLN19-026
61
-79
154.0
154.3
0.3
712
108.5
16.8
125.3
353.0
162.8
163.2
0.4
1382
PLN19-027
47
-59
185.5
185.6
0.1
476
111.5
1.9
113.4
190.0
Total
2051.3
Hole by Hole Summary The current drill program tested down-dip and along strike to the north and south of PLN14-019.
PLN19-022 PLN19-022 was an angled hole designed to test the up-dip extension of anomalous shear hosted radioactivity intersected in PLN14-019 ( 6.0m averaging 0.012 % U3O8). The drill hole intersected moderately bleached and fractured Athabasca sandstone from a depth of 115.6m to 135.0m , underlain by a thick sequence of variably hematite, clay and chlorite altered granite, granitic gneiss, mafic intrusive and pegmatite. A thin brittle-ductile shear zone was intersected from 177.7m to 185.5m with elevated radioactivity occurring between 180.0m to 180.5m up to 300 counts per second (cps) on a RS-121 handheld scintillometer. Fresh basement rocks were intersected at a depth of approximately 240m to a final depth of 290.0m .
PLN19- 023B PLN19- 023B was an angled drill hole collared 30m grid north of PLN14-019, targeting PLN14-019 anomalous shear hosted radioactivity along strike. The first and second attempts to test this target, drill holes PLN19-023 and PLN19-023A, respectively, were both lost shortly after reaching bedrock due to poor ground conditions. PLN19- 023B cored Athabasca sandstone from 114.8m to 127.9m underlain by a sequence of variably altered granite, granitic gneiss and mafic intrusives. Millimeter scale black radioactive blebs were identified in strongly hematized basement rock around 139m down hole, returning up to 210 cps on a RS-121 scintillometer. A thin brittle-ductile shear zone was intersected from 188.2m to 193.7m but was not radioactive. Fresh basement rocks were intersected at a depth of approximately 244m to a final depth of 354.8m .
PLN19-024 PLN19-024 was an angled drill hole collared 30m grid south of PLN14-019 targeting the anomalous shear hosted radioactivity along strike. Strongly fractured, locally bleached and hematized Athabasca sandstone was intersected from 111.5m to 119.0m . The Athabasca sandstone was underlain by variably altered granite, orthogneiss and mafic intrusives with a strongly clay altered graphitic mylonite occurring between 201.2m to 224.3m . No anomalous radioactivity was intersected and the hole was terminated in fresh basement at a depth of 266.0m .
PLN19-025 PLN19-025 was an angled drill hole collared 30m grid south of PLN19-024. The hole was designed to further test the strongly altered graphitic mylonite along strike. A thin lens of Athabasca sandstone was intersected from 118.8m to 119.0m which was underlain by variably clay, chlorite and hematite altered granite, orthogneiss, mafic intrusives and pegmatite. A thick graphite and sulphide-rich shear zone was intersected from 193.8m to 211.8m with weak hydrothermal alteration present throughout. The hole was terminated in fresh basement at a depth of 299.0m .
PLN19-026 PLN19-026 was an angled drill hole collared 80m grid west of PLN19-024 and targeted the down dip projection of the strongly altered graphitic shear zone, testing for basement hosted uranium mineralization at depth. Athabasca sandstone was intersected from a depth of 108.5m to 125.3m , underlain by weakly hematite, chlorite and clay altered granitic gneiss, mafic intrusives and granites. A weakly altered graphitic mylonite was intersected from 259.2m to 268.0m , with an associated radiometric peak of 1328 cps ( 162.8m to 163.2m ). The hole was terminated in fresh bedrock at a final depth of 353.0m .
PLN19-027 PLN19-027 was drilled approximately 1 km grid south of PLN14-019 and tested the up-dip projection of a graphitic shear zone intersected in drill holes PLN14-011 and PLN14-012 where a coincident north-south trending magnetic low is present. Athabasca sandstone was intersected from 111.5m to 113.4m , underlain by weak to moderately altered granite and orthogneiss to a depth of 190.0m where the drill hole was lost due to poor ground conditions. No anomalous radioactivity was intersected.
Natural gamma radiation in drill core that is reported in this news release was measured in counts per second (cps) using a Mount Sopris PGA-1000 Natural Gamma Probe and a hand-held RS-121 Scintillometer manufactured by Radiation Solutions. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials.
Samples from the drill core are split in half sections on site. Where possible, samples are standardized at 0.5m down-hole intervals. One-half of the split sample will be sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK . Analysis will include a 63 element ICP-OES, and boron.
All depth measurements reported, including radioactivity and mineralization interval widths are down-hole, core interval measurements and true thickness are yet to be determined.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ross McElroy , P.Geol. Chief Geologist and COO for Fission 3.0 Corp., a qualified person.
About Fission 3.0 Corp.
Fission 3.0 Corp. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia . Common Shares are listed on the TSX Venture Exchange under the symbol “FUU.”
ON BEHALF OF THE BOARD
“Ross McElroy” Ross McElroy , COO
Cautionary Statement: Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Fission 3.0 Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Fission 3 Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Gold and silver prices are up on the year. And with good reason.
The Federal Reserve continues to indicate that rate hikes will be on pause. While also suggesting that they may stop unwinding their massive quantitative easing balance sheet. Meanwhile central banks around the globe continue to buy gold.
Toss in that a former J.P. Morgan trader plead guilty to manipulating the market and the Department of Justice has now opened an investigation, and you can only wonder how much longer the suppression scheme can continue.
So to find out more, click to watch the video now!
Chris Marcus
Arcadia Economics
“Helping You Thrive While We Watch The Dollar Die”
www.ArcadiaEconomics.com
TULSA, Okla. and VANCOUVER, British Columbia, Feb. 13, 2019 (GLOBE NEWSWIRE) — Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) is pleased to announce its participation in the NAPE Summit 2019 as an exhibitor February 13-15, 2019 at the George R. Brown Convention Center in Houston, Texas.
Interested parties are invited to visit the Jericho team at Booth 4957 to learn more about the Company and its ongoing development and acquisition activities focused in the prolific Anadarko Basin STACK Play of Oklahoma.
The NAPE Summit brings together prospects and all the key players needed to evaluate, facilitate and execute deals. In the upstream oil and gas business, it is the largest and most successful event of its kind in the world.
Brian Williamson, CEO of Jericho Oil, stated, “Our team is excited about the current and future activities surrounding the STACK Play and we look forward to discussing this with industry leading participants at this year’s NAPE Summit.”
About Jericho Oil Corporation
Jericho Oil (www.jerichooil.com) is focused on domestic, liquids-rich unconventional resource plays, located primarily in the Anadarko basin STACK Play of Oklahoma. Jericho’s primary business objective is driving long-term shareholder value through the growth of oil and gas production, cash flow and reserves. Jericho has assembled an interest in 55,000 net acres across Oklahoma, including an interest in ~16,000 net acres in the STACK Play. Jericho owns a 26.5% interest in STACK JV.
Jericho’s current operations are focused on the oil-prone Meramec and Osage formations in the STACK. The Jericho team applies advanced engineering analyses and enhanced geological techniques to under-developed resource areas.
Based in Vancouver, British Columbia, with operational headquarters in Tulsa, Oklahoma, Jericho trades publicly on the TSX-Venture (JCO) and OTC (JROOF). Jericho owns its net acre position in Oklahoma through, and participates in the STACK JV through, one or more wholly owned subsidiaries.
Cautionary Note Regarding Forward-Looking Statements: This news release includes certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual events and results to differ materially from Jericho’s expectations include risks related to the exploration stage of Jericho’s project; market fluctuations in prices for securities of exploration stage companies; and uncertainties about the availability of additional financing.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
GlobeNewswire• THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
VANCOUVER, British Columbia, Feb. 13, 2019 (GLOBE NEWSWIRE) — Riverside Resources Inc.(the “Company” or “Riverside”)(RRI.V), is pleased to announce that it plans to complete a non-brokered private placement of up to 9,375,000 units at a price of $0.16 per unit to raise aggregate proceeds of C$1,500,000 (the “Offering”).
Each unit consists of one common share and one whole common share purchase warrant. Each common share purchase warrant is exercisable into one common share for a period of two (2) years from closing at a price of $0.22. If, at any time after four months following the closing of the Offering, the closing price of the common shares on the TSX Venture Exchange (“TSX-V”) is equal or greater than $0.45 for 10 consecutive trading days, the Company may accelerate the expiry date of the warrants by disseminating a press release announcing the new expiry date whereupon the warrants will expire on the 30th trading day after the date on which such press release is disseminated.
The Company will use the proceeds of the financing to fund a focused drill program at the Cecilia Gold Project, additional project acquisitions and further target refinement on existing projects to advance towards new partnerships. The Company may pay finders fees in cash or units to qualified finders of up to 8.0% of the aggregate gross proceeds realized from subscribers identified by the finder. The closing of the Private Placement is subject to TSX-V approval.
The securities being offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons without United States federal and state registration or an applicable exemption from registration requirements.
About Riverside Resources Inc.:
Riverside is an exploration company driven by value generation and discovery. The company has fewer than 45M shares issued and a strong portfolio of gold-silver and copper assets in North America. Riverside has extensive experience and knowledge operating in Mexico and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has additional properties available for option, with more information available on the Company’s website at www.rivres.com.
ON BEHALF OF RIVERSIDE RESOURCES INC.
“John-Mark Staude”
Dr. John-Mark Staude, President & CEO
For additional information contact:
John-Mark Staude
President, CEO
Riverside Resources Inc. info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Feb 11, 2019 04:25 pm
By Remy Blaire
David Stockman, Author of Peak Trump
January was a month of extremes. The broader market managed a strong advance for the first month of 2019. The Dow Jones Industrial Average, Nasdaq and S&P 500 surged last month to notch their best monthly gains for January, in years – if not decades. On the other side of the spectrum, extreme weather patterns brought a blast of Arctic air that caused temperatures to plummet across the central and eastern U.S.
It was politics as usual and the partial U.S. government shutdown came to an end after 35 uncertain days. The January Federal Reserve meeting came and went with no change in rates but a notably dovish shift that emphasized the FOMC’s intention. The Fed stated that it would be “patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate.”
There was some resolve at the end of January but plenty of questions still hung in the air.
The final month of 2018 had been a dismal one for Wall Street. The major stock indexes posted annual losses that were the worst since the deep tumble of 2008. Yet the turnaround that came after the year-end slump of 2018 saw the S&P 500 tack on 7.87% in January. The performance marked the index’s best advance since 1987. BUBBLE READY TO BURST
David A. Stockman, former congressman and budget director for President Ronald Reagan, remembers 1987 very well. It was the year that Greenspan kicked off the “era of bubble finance.” This era simply kicked the can, or what Stockman calls “the day of reckoning,” down the road. Indeed, the balance sheet has gone from $200 billion to topping the trillion-dollar mark.
Stockman spent his early days in Washington D.C., engaging with several administrations of the White House and changes in Chairmanship at the Federal Reserve. He is quick to point out that the current “dysfunction in government” is worrisome and that there is “nothing but bad stuff ahead.”
Some things change while other things stay the same. In the case of borrowing by the federal government there have been no signs of a slowdown since Stockman first warned Americans about deficits during the Reagan years. While the debt-to-GDP ratio of the U.S. may not be at the very top of the list of worst offenders, it has cleared the 100% mark.
Stockman joined me at the NASDAQ MarketSite in New York to discuss his top concerns for the U.S. economy. He says that it’s not the trade deals or funding for a U.S.-Mexico border wall that are the most worrisome of issues. Instead, he remarks that Americans are living on borrowed time and the root of the problem lies in “bad” money.
Sept. 20, 2018, is indicated as an important date. He delves further into the significance of that day in another interview and in his latest book, Peak Trump. In case you’re wondering about Stockman’s prediction for the next stock market correction – listen closely to his answer and learn how he is planning for his grandchild’s financial future:
Interview segment with David Stockman on January 24, 2019: CLICK HERE. THE BIG FREEZE
Winter usually brings colder and shorter days and plenty of inclement weather. While most of the country is thawing out from the recent bout of wintry weather, forecasts for slower economic growth continue to be issued by global institutions and investment houses.
The 2019 State of the Union did not address specific policy solutions to the problems that Trump says would endanger the national economy. Yet the immediate potential crises on the horizon include: the short-term government funding measure set to expire on Feb. 15 and the clock is ticking for the debt ceiling reinstatement on March 2.
In addition, the expiration of the U.S.-China trade tariff truce is March 1. U.S. officials will be heading to Beijing on Feb. 14-15 with the delegation comprised of Robert Lighthizer, Steven Mnuchin and David Malpass.
Whether March welcomes a balmy environment for market sentiment – time will deliver the outcome of the negotiations.
Stockman wonders how the nation will fare in the aftermath of these risk events and remarks that Americans will “reap the consequences of the money-printing spree … and massive borrowing by the public and private sectors.” Even cautious optimism isn’t convincing enough to drag gold lower.
As the equity markets recovered in January the bond market did not reflect risk-on behavior. At the same time spot gold extended gains last month and held above the $1,300 per ounce level. Gold has managed to hold onto multi-month highs as the Fed rate outlook hit the “pause” button.
In the short-term, the precious metal is caught in a tug-of-war between a stronger dollar and fundamental risks. At the very least the dovish Federal Reserve should provide support for gold prices.
According to the World Gold Council, holdings of gold ETFs last month marked their highest level since March 2013. The spotlight was shining on inflows into global gold ETFs that increased 72 tonnes in January. The WGC pointed out that net longs are below historical averages. In the beginning of February, the outflows of global gold ETFs were notable.
Amid rising gold prices and increased M&A activity among the mining majors, the outlook for the yellow metal may be brighter. Read in browser »
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Generally, natural resources investments are more volatile on a daily basis and have higher headline risk than other sectors as they tend to be more sensitive to economic data, political and regulatory events as well as underlying commodity prices. Natural resource investments are influenced by the price of underlying commodities like oil, gas, metals, coal, etc.; several of which trade on various exchanges and have price fluctuations based on short-term dynamics partly driven by demand/supply and also by investment flows. Natural resource investments tend to react more sensitively to global events and economic data than other sectors, whether it is a natural disaster like an earthquake, political upheaval in the Middle East or release of employment data in the U.S. Low priced securities can be very risky and may result in the loss of part or all of your investment. Because of significant volatility, large dealer spreads and very limited market liquidity, typically you will not be able to sell a low priced security immediately back to the dealer at the same price it sold the stock to you. In some cases, the stock may fall quickly in value. Investing in foreign markets may entail greater risks than those normally associated with domestic markets, such as political, currency, economic and market risks. You should carefully consider whether trading in low priced and international securities is suitable for you in light of your circumstances and financial resources. Past performance is no guarantee of future returns. Sprott Global, entities that it controls, family, friends, employees, associates, and others may hold positions in the securities it recommends to clients, and may sell the same at any time.
Last month I gave a speech at the Vancouver Resource Investment Conference, in which I talked about why most of the questions asked and discussed at mining conferences are erroneous and have nothing to do with making money from investing in mining.
My interest is not in speculating in commodities or to look for leverage, both of which are utterly disastrous to my capital, but to invest in mining for the upside that I see in terms of the value in the ground that has escaped the attention of the market. Also, I want to ensure that I provide downside support to my portfolio. When one focuses on protecting one’s capital, the upside takes care of itself:
The companies I mentioned in the speech are also linked here.
On investments…
Renaissance Gold (REN; C$0.175) is a company I have written about in the past. Last month, REN entered into an agreement with OceanaGold, and another with Hochschild. In my view, just these two agreements more than justify the enterprise value of REN. REN has option agreements on ten other projects with companies like Kinross, Anglo Gold, Ramelius, Coeur, etc. Moreover, REN is well cashed up.
Finally, if you have not already registered, tickets for the next Capitalism & Morality are going away fast. Of course, this is a philosophy seminar, but in my view, philosophy underpins everything in life.
Warm regards,
Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. The sole purpose of these musings is to show my thinking process when analyzing a stock, not to provide any recommendation. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
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