Is nper completely gone?
Thank you in advance
I believe.
This, I would be interested in, a crypto-currency backed by gold http://www.thedailyeconomist.com/2017/05/zengold-is-newest-gold-backed-crypto.html .
I’m in several cryptos already but may need to check out this ICO.
I just opened a OneGram account, that’s another one, I guess E-Gold was ahead of it’s time.
Keep in mind. The following stocks are marked to be removed or reduced from the GDXJ holdings on June 17th.
(This calculation was based on prices at the end of the first quarter and have most likely rebalanced, based on price movement, since that time)
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Those looking for some diversification in their mining portfolio may want to have a look at Verde Agritech which has a greensand project in Brazil. This is a company that John Kaiser has been recommending for a while and just recently started small scale production. Greensand is used as a fertilizer and is a substitute for potash. It is approved for use in organic farming, and does not cause acidity problems like potash does. They have an extremely simple product to produce. They essentially have an open pit and they scoop everything up onto trucks, then its crushed, milled, and packaged. Virtually no waste rock, and no tailings to deal with.
The company only has 37M shares out, 41M fully diluted, and a market cap of around 40 million or so. Their resource in M&I and inferred is pushing about 3.3 billion tons, which is enough fertilizer to provide all of Brazils agriculture with organic potassium fertilizers for close to 50 years. Brazil currently imports the majority of its potash, and it would be extremely beneficial to Brazil to have a local, organically approved substitute. Therefore, Brazil will be their primary market, but they are also looking at exports for the american market.
Assuming that the demand is there for their fertilizer, they have an extremely ambitious plan to ramp up production over the next eight years. Their 2017 production guidance is for 20,000 tons. By 2025, they intend to be producing 25,000,000 tons per year.
Im really big on organic farming and gardening and have used greensand fertilizer in the past. Therefore this seems like a perfect fit for my portfolio. I also think it could be a good choice for many others as well and it seems to be the opportunity to get in on the ground floor for a company that may be supplying one of the worlds agricultural powerhouses with organic fertilizer for decades.
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bytal, thanks. Great DD.
Don’t look now, but commodities are approaching the 2015 lows. Don’t be shocked if we hit new lows soon.
CHG
Nothing to be shocked about. One should look further back than 2015. There appears to be a strong inverse correlation with the strength of the dollar. Keep an eye on these two indexes!
also
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Barkerville Gold drills 6.2m of 17.55 g/t Au at Cariboo
Barkerville Gold Mines Ltd. has
released additional drilling results from the continuing 130,000-metre phase II Island Mountain exploration drilling program at the company’s flagship Cariboo gold project. The company is currently exploring and delineating the Valley zone with four drill rigs.
Drilling highlights
CM-17-021: 10.77 grams per tonne gold over 5.90 metres;
CM-17-025: 17.55 g/t Au over 6.20 metres;
CM-17-044: 5.44 g/t Au over 13.95 metres.
The geometry and hence true width of the mineralized zones cannot be
assuredly concluded at this time and as such, core lengths are reported.
Veining corridors continue to expand
Phase II drill hole CM-17-021 has intersected two new veining occurrences at vertical depths of 125 and 145 metres vertically below surface grading 9.32 g/t Au over 4.15 metres and 10.77 g/t Au over 5.90 metres respectively. Located on the southeastern strike of the Valley zone, drill hole CM-17-025 intersected a new occurrence grading 17.55
g/t Au over 6.20 metres, 75 metres vertically below surface. As well, drill hole CM-17-044 discovered additional new veining occurrences in a broad corridor grading 5.44 g/t Au over 13.95 metres, 54 metres below surface.
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A while back when looking at unfavorable developments announced with NAK I had mentioned picking up a starter position in Seabridge. It is beginning to look favorable and worthy of keeping an eye on for those that may be interested, IMO.
Seabridge to Begin Drill Campaign at Quartz Rise on Iskut Project
TORONTO, July 10, 2017 (GLOBE NEWSWIRE) – Seabridge Gold (TSX:SEA) (NYSE:SA) announced today it has nearly completed the surface sampling and geophysics required to establish drill locations at its 100% owned Iskut Project in northwestern British Columbia and drilling will begin shortly. The focus is on the Quartz Rise target which emerged from last year’s program. Two phases of core drill testing are planned totaling 8,500 meters to evaluate the potential for high-grade gold concentrations within the untested Quartz Rise lithocap.
http://www.nasdaq.com/press-release/seabridge-to-begin-drill-campaign-at-quartz-rise-on-iskut-project-20170710-00443
@Hurricane_Rick @cornhuskergold or anyone else for that matter, what are your thoughts on MUX in both the short term and long term? We’re well off the highs and seem to have settled in here in the mid to high $2 range. I’m curious to hear where you guys think it’s headed from here. Thanks in advance!
FYI - MUX Q2 2017 Production Results were released earlier last month here:
http://www.mcewenmining.com/Media-Events/News-Releases/News-Releases-Details/2017/McEwen-Mining-Reports-Q2-2017-Production-Results/default.aspx
McEwen Mining’s (MUX) Q2 2017 Results - Earnings Call Transcript
August 3, 2017, 11:00 AM ET
… I am able to report that the company had a reasonable second quarter, with consolidated production of just over 32,000 gold equivalent ounces. This was in line with our expectations and we are on track to meet our full year guidance for 2017.
However, despite the solid production levels and reasonable operating costs, the company reported a net loss of $1.7 million or $0.01 per share. This was due to the combination of decreased profits at the San Jose Mine in Argentina, and increased levels of exploration and development of other projects that Rob just mentioned.
The spending increase was also reflected in our cash balance. We saw a reduction of $4.1 million or $0.01 per share during the quarter. And combining this cash spend with the reduced market value of our equity investments and reduced buoy on inventory, this meant that our liquid asset balance decreased by $11 million during the quarter.
Moving the conversation to site results, in Mexico, as mentioned, our production was in line with our expectations. However cash costs and all-in sustaining costs were significantly lower than our full-year guidance. This was similar to our first quarter, where we saw the effects of the carryover of lower cost heap leach inventory from 2016.
Obviously, the mine is constantly working to reduce their costs and we’ll try to lock in as much of these savings as possible. However, at this point of the year, we still expect our per ounce cost to trend in line with our full-year guidance as we progress into the second half of 2017.
Here’s a couple charts, fyi.
The first is a weekly interval showing two major trend line support areas. The first is close to being hit tomorrow if MUX gets to 2.36. You can see the next trend line below is significantly lower, so if MUX continues down to that line the price will be considerably lower.
The second chart is a daily interval showing a gap that was formed on June 3, 2016. That gap will be filled if MUX hits 2.27. Watch that area for support, as well as the major swing low @ 2.09 that was hit a couple days prior to the day the gap was formed.
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MUX filled the gap today and went even lower. The good news for those wanting to buy lower, it’s looking like you might get much better prices in the future, although this close was close enough to that upper trend line that it could turn out to be a fake out. Watch for a bounce tomorrow that puts the price back above that trend line after the close, otherwise the trend lower is likely to continue, imo.
MUX last quarterly report was disappointing as their gold and silver grades were lower and their all-in costs have increased. So the stock is under pressure despite relatively decent gold prices. I’m looking to accumulate more, but I’m waiting to see if/when a bottom forms in this current downtrend.
I added a few shares today, FWIW, although weekly and monthly charts have not quite bottomed or turned yet. We are very close to daily Fibonacci 0.62 retracement (approx. 2.26) from earlier 0.64 low (weekly ma 200 is 2.19).
I still keep an eye on the futures so I’ll watch this one as well and help with charts as long as I have time. 
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Thanks, TR! I appreciate you taking the time to post that. And thanks HR and Easy as well. Anyone have any thoughts on McEwen’s attempt to get them listed on the S&P over the next few years? Realistic at all?
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