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Capturing The Investment Opportunities In Zinc & Copper
At BMR, we’ve recently brought forward some outstanding opportunities for our subscribers in the Zinc space, not the least of which was a stock flying completely under the radar – Morumbi Resources (MOC, TSX-V) – that has already tripled in price from our initial introduction in late September at 10 cents.
Early-mid December is the best time of the year to be on the buy side in the junior exploration sector. Continuing with the Zinc and VMS theme, we’ve identified another gem that’s clearly undervalued given its current Zinc-Copper resource, strategic partner, the strong potential for a cluster of deposits, cash in the bank (~$5 million), share structure, and high-grade Gold properties.
We expect this company to take steps to increase its profile in the near future as a new milestone is reached in its flagship project, so now is the ideal time to get positioned in this play.
Click here to learn more about this Zinc-Copper play, and access all BMR subscriber-only content, by taking out a Pro, Gold or Basic subscription,orlogin with your username and password.
Comments Off on Compelling Zinc-Copper Play With High-Grade Gold Bonus
Gold has traded between $1,244 and $1,254 so far today…as of 11:15 am Pacific, bullion is down $8 an ounce at $1,245…Silver is off 17 cents at $16.52 (updated Silver charts in today’s Morning Musings)…base metals are firm…Copper has climbed 3 pennies to $2.58…Nickel has also added 3 cents to $4.06…Crude Oil has slipped 31 cents to $44.33 while the U.S. Dollar Index has rallied one-third of a point to 97.46…
Weighing on Gold last week was a drop in holdings of physically-backed exchange traded funds to 55.231 million ounces from 55.654 million ounces when the Fed raised rates and pushed the Dollar Index to 2-week highs…however, the greenback’s rebound is merely a dead cat bounce given a deteriorating technical picture…very strong resistance begins at 98 on the Dollar Index…Gold, meanwhile, could drop a little more but support is powerful in the $1,230’s…
A number of Federal Reserve officials this week will give their first public comments following the central bank’s decision to raise interest rates last Wednesday, and that began this morning with William Dudley who addressed business and community leaders in Plattsburg, New York…
Dudley aligned himself with Chair Janet Yellen in declaring his expectation that a tight labor market will eventually trigger a rebound in inflation data that has been unexpectedly weak in recent months. “We’re pretty close to what we think is full employment. Inflation is a little bit lower than what we would like, but we think if the labor market continues to tighten, wages will gradually pick up, and with that, we’ll see inflation get back to 2%.”
Of course, we’ve been hearing that same tune from the Fed on inflation for how many years now?…
Dudley also sounded a positive note on the U.S. economy overall, while saying the central bank wanted to tighten monetary policy “very judiciously” to avoid derailing the expansion that began in mid-2009…
Traders have raised their outlook on a rate hike by the Fed’s Dec. 12–13 policy meeting to 45% from 41% late on Friday, CME Group’s FedWatch tool showed…
Taking On Tesla
The electric car market continues to heat up with new entrants looking to take on the likes of Tesla and traditional automakers in the space…Chinese start-up CHJ Automotive is the latest player looking to come to market…the company is currently developing 2 vehicles – an “ultra-compact” electric car, and a hybrid SUV…co-Founder Kevin Shen did not reveal the names of the vehicles, hoping to keep them a surprise until later, but did reveal to CNBC that the company is aiming for a launch in March 2018 for the compact car…
$200 Million Cobalt Deal
Cobalt 27 Capital Corp. (KBLT, TSX-V) has priced its public offering of 22.2 million post-consolidated common shares at a price of $9 per share…the $200million offering will consist of 10.9 million shares being sold for gross cash proceeds of $98,319,780, and 11.3 million shares being issued to acquire 1,205.6 tonnes of physical Cobalt for a total cost of $101,680,245…both the offering and the purchase of physical Cobalt under the Cobalt contracts are expected to close concurrently on or about June 23…the Venture Exchange has conditionally approved the listing of the shares being sold under the offering…
eCobalt (ECS, TSX) is trading at highs not seen since early April this morning while the still undervalued and top northern Ontario Cobalt play, Castle Silver Resources (CSR, TSX-V), has just raised another $1.2 million and is only a nickel shy of its multi-year high reached in mid-April…underground sampling continues at the Castle mine (1.8% Cobalt and 8.6% Nickel highlighted initial assays) while drilling starts shortly…CSR could soar on strong results from quartz-carbonate veins containing high-grade Cobalt and Nickel that were left untouched by previous operator Agnico Eagle (AEM, TSX) which focused on mining exceptionally high-grade Silver…
Venture Short-Term Chart
Last week, the Venture’s RSI(2) plunged to levels not seen since the bear market bottom in January 2016…we’ll see in the coming days if a reversal starts to gain traction, though it’s possible the Index may have to briefly push below its rising 300-day moving average (SMA) around 770 as it has done in every bull market going back the last 15 years…
The EMA(8) and EMA(20) are effective indicators for monitoring Venture short-term swings and reversals…note the short-term downtrend line from the April high of 838…a move above 800 would conquer the downtrend line…
Crude Oil Update
Oil prices are a little soft again today after a 4-week slide due to rising production in the United States, Libya and Nigeria…signs of faltering demand have also prompted weakening sentiment, dropping prices to levels not seen since before OPEC’s output cuts were first announced late last year…
Data on Friday showed a record 22nd consecutive week of increases in the number of U.S. Oil rigs, bringing the count to 747, the most since April 2015…Goldman Sachs said if the rig count holds, U.S. Oil production would increase by 770,000 bpd between the 4th quarter of last year and the same quarter this year in the Permian, Eagle Ford, Bakken and Niobrara shale Oilfields…
CRB Index Update
Weakness in Oil has taken its toll on the CRB Index which has fallen below support around 177 which held for more than a year…it’s now reasonable to expect the CRB to test base support at 160 which should create conditions for a strong reversal at some point during Q3…
The CRB is off 1 point at 172as of 11:15 am Pacific…
In today’s Morning Musings…
1. Cannabix Technologies (BLO, CSE) update…
2. iCo Therapeutics comes to life…
3.Daniel’s Den –how investors can profit from North America’s 4th largest Copper deposit…
Did you know that for as little as just over $2 a day, you can be a BMR subscriber and tap into the best analysis and picks for the junior resource sector that you’ll find anywhere? Last year’s BMRTop 50 List returned a whopping 118% and we are delivering market-trouncing returns again in 2017. BMR was the first to call the new bull market in the Venture in early 2016, and our coverage of the commodities space gives you valuable daily insights into price movements and critical trends. BMR is daily information that puts you ahead of the crowd!
We also give first-time subscribers an industry-leading 100% money-back satisfaction guarantee. If you don’t believe BMR has helped you make money for your first 6-month subscription period, we’ll refund your subscription fee in full – no questions asked!
Did you know that for as little as just over $2 a day, you can be a BMR subscriber and tap into the best analysis and picks for the junior resource sector that you’ll find anywhere? Last year’s BMRTop 50 List returned a whopping 118% and we are delivering market-trouncing returns again in 2017. BMR was the first to call the new bull market in the Venture in early 2016, and our coverage of the commodities space gives you valuable daily insights into price movements and critical trends. BMR is daily information that puts you ahead of the crowd!
We also give first-time subscribers an industry-leading 100% money-back satisfaction guarantee. If you don’t believe BMR has helped you make money for your first 6-month subscription period, we’ll refund your subscription fee in full – no questions asked!
To read the rest of today’s Morning Musings, sign up NOW orlogin as a current subscriber with your username and password.
Gold has traded between $1,263 and $1,271 so far today…as of 11:00 am Pacific, bullion is flat at $1,267…Silver has retreated 23 cents to $16.94…Copper has eased off 2 pennies to $2.59…Nickel has slid 10 cents to $3.96 while Zinc is down 2 pennies at $1.11…Crude Oil, at $46.25, has added 42 cents while the U.S. Dollar Index is off one-fifth of a point at 97.06…
Bitcoin hit $3,000 today for the first time ever…
Traders are bracing for active markets on Wednesday when data on U.S. consumer prices and retail sales early in the session is followed later in the day by a Federal Reserve monetary policy decision…the Fed is widely expected to hike rates for the 2nd time this year…the question is, will there be a 3rd or 4th rate hike in 2017?…the Bank of England also meets to set policy this week, just days after the U.K. election caused new political turmoil…
The Venture has responded well to all Fed rate hikes since late 2015…
Palladium is up again today ($867) after soaring by more than 7% Friday to its highest level in more than 16 years as a surge in speculative demand forced industrial users to close out short positions, traders said, pushing the metal through long-term chart resistance…the backwardation in the market – a formation in the forward curve in which the price of metal for future delivery is below the spot price – can suggest a near-term shortage of metal and has recently steepened, prompting a wave of buying…Standard Chartered says “supply and demand dynamics suggest that the market is not only in deficit this year (minus 563,000 ounces) but – in the absence of Russian state stock releases and elevated auto-catalyst demand – is set to be undersupplied longer term.”
Update: Gold vs. U.S. 10-Yr. Treasury Yield
Keep an eye on the trend with regard to the yield for U.S. 10-year Treasury notes which generally move inversely with the price of Gold…the yield in Q4 last year hit highs not seen since late 2014 before backing off modestly during the first half of 2017…Gold, meanwhile, has travelled from $1,150 to nearly $1,300 during that time…
John’s 5-year monthly chart shows that Gold is in a favorable position at the moment relative to the 10-year Treasury yield unlike the situation in the middle of last year when bullion became very overbought vs. the 10-year yield…
Crude Oil Update
Crude Oil is trying to bounce back from a couple of rough weeks (down 4% last week)…there was sort of an anti-climatic feeling following meetings late last month when OPEC and certain non-OPEC producers agreed to extend their production cut by 9 months to the end of March 2018…
WTI has a strong support band between $43 and $45 a barrel but physical markets remain bloated, especially from a relentless rise in U.S. drilling…8 Oil rigs were added in the week to June 9, bringing the total count to 741 which is the most since April 2015, according to energy services firm Baker Hughes…
This drive to find new Oil has pushed up U.S. output by more than 10% since mid-2016 to 9.3 million barrels per day (bpd)…the Energy Information Administration says that figure will likely rise above 10 million bpd by next year, challenging top exporter Saudi Arabia…
Cobalt (And Silver) Country – Northern Ontario
One of the most interesting developments in Canadian exploration, one that offers investors compelling opportunities both short-term and longer-term, is the renewed focus on the prolific northern Ontario Silver-Cobalt district thanks to a doubling of Cobalt prices since last fall…this region was the birthplace of Canadian hard rock mining in the early 1900’s when an incredible Silver boom led to more than 100 mines and created enormous wealth…
Today we’re pleased to introduce Gino Chitaroni, the “King of Cobalt” in northern Ontario…in the days ahead, Gino will be sharing with BMR readers his wealth of knowledge regarding this district…he’s a lifelong resident of Cobalt, a respected entrepreneur, prospector and powerful advocate for mining and exploration in northern Ontario…he’s also President of Polymet Labs in Cobalt and knows every move that’s happening in the Greater Cobalt Camp…
Click on the arrow to view Part 1…
In today’s Morning Musings…
1. Updated charts for 2 northern Ontario Cobalt Camp plays…
2.GT Gold perks up as Saddle Zone drilling draws near…
3. The Power of Pretium…
4. Daniel’s Den –the life of a successful trader!…
Did you know that for as little as just over $2 a day, you can be a BMR subscriber and tap into the best analysis and picks for the junior resource sector that you’ll find anywhere? Last year’s BMRTop 50 List returned a whopping 118% and we are delivering market-trouncing returns again in 2017. BMR was the first to call the new bull market in the Venture in early 2016, and our coverage of the commodities space gives you valuable daily insights into price movements and critical trends. BMR is daily information that puts you ahead of the crowd!
We also give first-time subscribers an industry-leading 100% money-back satisfaction guarantee. If you don’t believe BMR has helped you make money for your first 6-month subscription period, we’ll refund your subscription fee in full – no questions asked!
Did you know that for as little as just over $2 a day, you can be a BMR subscriber and tap into the best analysis and picks for the junior resource sector that you’ll find anywhere? Last year’s BMRTop 50 List returned a whopping 118% and we are delivering market-trouncing returns again in 2017. BMR was the first to call the new bull market in the Venture in early 2016, and our coverage of the commodities space gives you valuable daily insights into price movements and critical trends. BMR is daily information that puts you ahead of the crowd!
We also give first-time subscribers an industry-leading 100% money-back satisfaction guarantee. If you don’t believe BMR has helped you make money for your first 6-month subscription period, we’ll refund your subscription fee in full – no questions asked!
To read the rest of today’s Morning Musings, sign up NOW orlogin as a current subscriber with your username and password.
Gold has traded between $1,286 and $1,295 so far today…as of 11:00 am Pacific, bullion is off $6 an ounce at $1,288…any dips will be met with strong buying support due to technical momentum and geopolitical concerns…Silver is off 11 cents at $17.57…Copper is flat at $2.55…Nickel has slipped 2 pennies to $3.97…Crude Oil is getting hit hard, down more than $2 a barrel to $45.91 thanks to an unexpected rise in U.S. inventories…the Dollar Index is unchanged at 96.61…
An even weaker U.S. dollar during the 2nd half of the year could be one of the key triggers that confirms a bullish prediction by metals’ analyst Mike McGlone of Bloomberg Intelligence, based on unusually low volatility readings at the moment…
“With 60-day index volatility at 10% – the lowest since the 10-year bottom in 2014 at 9% – the stage could be set for the next breakout move in metals,” noted McGlone, Bloomberg Intelligence commodity analyst, in a report yesterday…
“A ho-hum May is pressuring volatility on the Bloomberg All Metals subindex to its lowest level in 3 years, just prior to the big dollar rally and metals collapse in 2014. Metals peaked as the dollar bottomed in 2011. They appear poised to continue to retrace that selloff, notably if the dollar has peaked.”
Yes, the greenback has peaked as we’ve shown in multiple charts though stubborn dollar bulls have not yet thrown in the towel – they will later this year in what is going to be one of 2017‘s Big Investment Themes…
Gold, stocks and bonds have all moved higher the last 3 months…using hedge fund quant tool Kensho, CNBC found 15 occasions during the last 20 years when stocks, bonds and Gold all advanced in a similar fashion over 3-month periods…during the next 3 months, the S&P 500 posted an average increase of 3%, moving into positive territory on 73% of the occasions, while Gold kept moving higher, too…bonds, however, declined, causing yields to back up slightly…
Seabridge Plunges Into Nevada “Snowstorm”
Interesting news from Seabridge Gold (SEA, TSX) this morning as the company has completed the acquisition of a 100% interest in the Snowstorm Project from PFR Gold Holdings LP (PFR)…Snowstorm consists of 31 sq. miles of landholdings strategically located at the projected intersection of 3 of the most important Gold trends in northern Nevada: Carlin trend, Getchell trend and Northern Nevada rift zone…
Seabridge completed the acquisition by purchasing all of the outstanding shares of the private company that owns a 100% interest in the Snowstorm Project in exchange for issuing PFR700,000Seabridge common shares ($~10 million) plus 500,000 common share purchase warrants exercisable for 4 years at $15.65 per share…in addition, Seabridge has agreed to pay PFR (i) a conditional cash payment of $2.5 million (U.S.) if exploration activities at Snowstorm result in defining a minimum of 5 million ounces of Gold resources compliant with National Instrument 43–101; and (ii) a further cash payment of $5 million (U.S.) on the delineation of an additional 5 million ounces of Gold resources…
Snowstorm consists of 700 mining claims and 5,800 acres of fee lands carefully assembled in a private company over a 15-year period and explored over the past decade…Seabridge has staked an additional 260 claims totalling 5,200 acres that are contiguous to the claims purchased from PFR…
Rudi Fronk, Seabridge Chairman and CEO, stated: “For some time now, we have been looking for a large-scale asset in Nevada which remains one of the world’s best environments for finding large Gold deposits. The Snowstorm acquisition accomplishes this objective. This project has all the earmarks of an outstanding exploration play and we appreciate the opportunity to capitalize on its exceptional potential.”
Confidence In U.S. Economy Continues To Improve
U.S. corporate executives’ confidence has hit a 3-year high according to a just-released survey…the latest Business Roundtable CEO Economic Outlook Index has hit its highest level since the 2nd quarter of 2014 as belief grows that the pro-growth policies of the Trump administration will yield long-term benefits…that came even though the executives see GDP growth of just 2% in 2017, down from the 2.2% pace in March. “The survey results reflect confidence from America’s leading employers in the prospects for tax reform, as well as the tangible economic benefits that tax reform will produce,” said Business Roundtable Chairman Jamie Dimon in a statement. “CEOs are also responding to the administration’s commitment to creating a more favorable regulatory environment, protecting the safety and health of our citizens while also protecting jobs,” added Dimon, CEO of JPMorgan Chase, the largest bank by assets in the U.S.
The discombobulated Clinton News Network, meanwhile, still very bitter over its stunning election loss last November, pays scant attention to the economy, the stock market, radical Islamic terrorism and agenda-driven illegal leaks within the government bureaucracy while it continues to focus on peddling a false narrative around Russia, the election and the Trump administration as if the average American worker in Ohio, Pennsylvania, Wisconsin or Florida really cares…it’s just simply bizarre how these new liberal McCarthyites are exploring every imaginable “tie” to Russia (except the Clintons’ ties, of course)…
Venture Seasonality Chart
At first glance, this may not appear to be a positive chart as the Venture going back nearly 20 years shows a negative return in every month from April through November with June being the worst of all – an average decline of 1.9%…gains have occurred in June only one-third of the time…
When broken down into bull market and bear market years, however, the June to September period features some spectacular gains…keep in mind, also, that the chance of positive returns during August, September and October doubles from May and June…
Cobalt (And Silver) Country – Northern Ontario
One of the most remarkable individuals in Cobalt, Ontario, is lifelong resident Gino Chitaroni, President of PolyMet Labs who’s truly the “Cobalt King” – he knows everything about the Greater Cobalt Camp and of course is also extremely knowledgeable about the metal itself…
He’ll be sharing his fascinating insights with BMR readers in the coming days as our coverage of this district continues…
Gino Chitaroni predicts a move in Cobalt to least the $40 level.
In today’s Morning Musings…
1. Two low market cap Gold juniors that must be on your radar screen!…
2. Jaxon Minerals (JAX, TSX-V) starts ground program at Hazelton Property…
3.The coming surge in the TSX Gold Index…
4.Daniel’s Den –Southwest Newfoundland update (3 stocks)…
Did you know that for as little as just over $2 a day, you can be a BMR subscriber and tap into the best analysis and picks for the junior resource sector that you’ll find anywhere? Last year’s BMRTop 50 Listreturned a whopping 118% and we are delivering market-trouncing returns again in 2017. BMR was the first to call the new bull market in the Venture in early 2016, and our coverage of the commodities space gives you valuable daily insights into price movements and critical trends. BMR is daily information that puts you ahead of the crowd!
We also give first-time subscribers an industry-leading 100% money-back satisfaction guarantee. If you don’t believe BMR has helped you make money for your first 6-month subscription period, we’ll refund your subscription fee in full – no questions asked!
Did you know that for as little as just over $2 a day, you can be a BMR subscriber and tap into the best analysis and picks for the junior resource sector that you’ll find anywhere? Last year’s BMRTop 50 Listreturned a whopping 118% and we are delivering market-trouncing returns again in 2017. BMR was the first to call the new bull market in the Venture in early 2016, and our coverage of the commodities space gives you valuable daily insights into price movements and critical trends. BMR is daily information that puts you ahead of the crowd!
We also give first-time subscribers an industry-leading 100% money-back satisfaction guarantee. If you don’t believe BMR has helped you make money for your first 6-month subscription period, we’ll refund your subscription fee in full – no questions asked!
To read the rest of today’s Morning Musings, sign up NOWorlogin as a current subscriber with your username and password.
Gold has traded within a narrow range between $1,278 and $1,284 so far today…as of 11:00 am Pacific, bullion is up $2 an ounce at $1,280 as technical momentum and geopolitical concerns are keeping bids firm…Silver is up slightly at $17.55…Copper is flat at $2.55…Nickel has retreated 2 pennies to $4.00…Crude Oil is 30 cents lower at $47.35 a barrel while the U.S. Dollar Index is relatively unchanged at 96.77…
In the wake of yet another terrorist attack in her country, one that also killed a Canadian, British Prime Minister Theresa May validated President Trump’s deep concerns regarding radical Islamist terrorism when she claimed over the weekend that there’s “too much tolerance” of Islamist extremism in the UK…with just days before British voters go to the polls, May has vowed a clampdown on radical Islam: “We cannot and must not pretend that things can continue as they are. Enough is enough,” she declared…
Momentum is building in the Gold market as hedge funds and money managers continue to add to their bullish positioning, driving the price closer to the key technical and psychological $1,300 level…net longs increased for the 2nd consecutive week, but what’s even more significant is that Gold positioning is still hovering around its 5-year average…that means there’s plenty of upside over the summer and through the balance of 2017…meanwhile, there’s been a “Death Cross” in the U.S. Dollar Index with the plunging 50-day moving average (SMA) falling below the 200-day…within a month or two at the latest, the 200-day should reverse to the downside and that will usher in a wave of new selling in the greenback and fresh 2017 lows…
Sean Roosen’s Osisko Gold Royalties (OSK, TSX) continues its buying rampage – OSK has entered into a definitive agreement with Orion Mine Finance Group to acquire a high-quality precious metals portfolio of assets consisting of 74 royalties, streams and precious metal offtakes for total consideration of $1.12 million, creating a growth-oriented, world-class and Gold-focused royalty and streaming company…the combination of Osisko and Orion’s portfolios will result in the company holding a total of 131 royalties and streams, including 16 revenue-generating assets…the company’s cornerstone asset remains the 5% net smelter return royalty on the world-class and long-life Canadian Malartic Gold mine (Canada’s largest producing Gold mine) and its 2% to 3.5% NSR royalty on the world-class Eleonore Gold mine…through the transaction, the company gains a 9.6% diamond stream on the Renard diamond mine and a 4% Gold and Silver stream on the Brucejack mine in the Eskay Heart of Gold Camp, in addition to a 100% Silver stream on the substantial Mantos Blancos Copper mine in Chile…
Given his familiarity with Quebec and the Cadillac Trend, we’re wondering when Roosen might turn his attention to Granada Gold (GGM, TSX-V) and its multi-million ounce Granada deposit which is permitted for open-pit production in the LONG Bars Zone and is showing exceptional high-grade promise at depth to the north (1.5 million Inferred ounces comprising 10.4 million tonnes averaging 4.6 g/t Au at a cut-off grade of 1.5 g/t Au)…
Gold in Canadian Dollars Above $1,725
Gold in Canadian dollars remains in a powerful new uptrend that started late last year after a 17% correction…over the last several years, the metal in loonie terms has gradually recorded higher highs within an ongoing bull market and the next obvious target is measured Fib. resistance at $1,880, about $150 or nearly 9% above current levels and within shouting distance of an all-time high…
Keep this raging Gold bull market in Canadian dollars in mind as you scan the landscape of Canadian-based Gold juniors and producers…
Cobalt (And Silver) Country – Northern Ontario
It’s truly amazing that the Klondike Gold Rush has been so thoroughly embedded in Canada’s historical conscious yet the Cobalt Silver Boom of the 1900’s – in many ways so much bigger than the Klondike Gold Rush – is largely unknown…
By all accounts, the Greater Cobalt area between 1903 and 1966 officially produced at least half a billion ounces of Silver (that’s just what was documented, local experts we’ve spoken to believe the unofficial figure is closer to 750 million ounces), making it one of the world’s Top 3 Silver producing regions during that time…this prolific district was the birthplace of Canadian hard rock mining…
The impact of the Cobalt region’s amazing Silver discoveries – over 100 mines were in operation at one point – was profound and widespread…
Understanding the basics of the dramatic history of the Cobalt Camp is critical because that provides answers for what’s happening today and how the future may unfold, creating enormous wealth-building opportunities for investors…ironically, the metal for which the town of Cobalt was named wasn’t the metal that drove the incredible build-up of wealth during the first half of the 1900’s but it is the reason for the district’s current revival…there were issues in the 1900’s with recovering both the Cobalt and Silver from the ores of this region, so miners and prospectors made what was an easy decision to focus on the exceptionally high-grade Silver…this meant that much Cobalt was left behind, and in grades that are generally among the very best in the world (within narrow veins that can pinch and swell for hundreds of feet)…
Today, of course, technological advances have created hot new demand for Cobalt, and global supply is rather tenuous…the bottom line is that the world needs more Cobalt, and many believe that the best place to find it and mine it is in northern Ontario given the region’s advantages in terms of grades, potential supply, infrastructure and historic activity…investors who grasp what’s happening could make fortunes as the Cobalt Rush intensifies over the next year…
Castle Silver Resources (CSR, TSX-V) – The Cobalt Kings?
Here’s another irony – the company that doesn’t even have Cobalt in its name is actually the most advanced in terms of potential Cobalt mining and recovery in northern Ontario…
Castle Silver Resources (CSR, TSX-V) is the first Cobalt player with underground access in this district, and it also has its own proprietary recovery process that could revolutionize the region…
CSR quietly but effectively developed its Cobalt and Silver assets in this Camp well ahead of when it began trading publicly in 2015, and before many others were even thinking about this district…significantly, CSR has 100% ownership of Re-2OX, a proprietary hydrometallurgical process, developed in conjunction with the National Research Council, that will convert material sourced from the Castle mine into high purity, client-specific Cobalt powders for near-term battery sector end user evaluation…
BMR has made it underground into CSR’s Castle main adit, the first of the mine’s 11 levels, where mineralized material is now being extracted…we’ll have several video excerpts in the days ahead – click on the arrow to view today’s 1-minute piece…
In today’s Morning Musings…
1. A junior with a high-grade Gold deposit cut-off grade of 25 g/t Au!…
2. Two Gold producers attractively priced and ready for a strong summer…
3.A stunning 2nd half of 2017 for Silver?…
4.Daniel’s Den– Precipitate Gold (PRG, TSX-V) news, plus the “Foxconn Insider” with “secrets” about Apple…
Did you know that for as little as just over $2 a day, you can be a BMR subscriber and tap into the best analysis and picks for the junior resource sector that you’ll find anywhere? Last year’s BMRTop 50 Listreturned a whopping 118% and we are delivering market-trouncing returns again in 2017. BMR was the first to call the new bull market in the Venture in early 2016, and our coverage of the commodities space gives you valuable daily insights into price movements and critical trends. BMR is daily information that puts you ahead of the crowd!
We also give first-time subscribers an industry-leading 100% money-back satisfaction guarantee. If you don’t believe BMR has helped you make money for your first 6-month subscription period, we’ll refund your subscription fee in full – no questions asked!
Did you know that for as little as just over $2 a day, you can be a BMR subscriber and tap into the best analysis and picks for the junior resource sector that you’ll find anywhere? Last year’s BMRTop 50 Listreturned a whopping 118% and we are delivering market-trouncing returns again in 2017. BMR was the first to call the new bull market in the Venture in early 2016, and our coverage of the commodities space gives you valuable daily insights into price movements and critical trends. BMR is daily information that puts you ahead of the crowd!
We also give first-time subscribers an industry-leading 100% money-back satisfaction guarantee. If you don’t believe BMR has helped you make money for your first 6-month subscription period, we’ll refund your subscription fee in full – no questions asked!
To read the rest of today’s Morning Musings, sign up NOWorlogin as a current subscriber with your username and password.
