BullMarketRun   BullMarketRun.com

A Daily, Vibrant Voice Focused on Speculative Opportunities,
Commodities, and Economic & Political Trends Impacting
The Resource Sector & Equity Markets
 

"Market-Trouncing Returns Through Unbeatable
Technical & Fundamental Analysis of Niche Sectors"

October 3, 2017

The Template For The Next 10% Stake In Garibaldi Resources

You need to login to view this content. Please . Not a Member? Join Us

January 27, 2020

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,576 and $1,587 so far today…as of 7:00 am Pacific, the yellow metal is off its highs but still up $8 an ounce at $1,580…safe-haven demand for Gold and Silver has kicked in as China’s coronavirus outbreak has spread significantly…Silver has gained 9 cents to $18.20…Copper, trading at $2.71, is on track for its 9th consecutive losing session, its longest skid in 6 years as the spreading Chinese coronavirus hits demand in the world’s biggest metals consumer…Nickel has retreated 10 cents to $6.05 while Zinc is 2 pennies lower at $1.08…Crude Oil has fallen 94 cents to $53.25 while the U.S. Dollar Index is up slightly at 97.92…preliminary data released over the weekend show the scale at which the coronavirus outbreak is affecting the Chinese economy…overall travel on Saturday, the first day of the Lunar New Year, dropped 28.8% from a year ago, which included a 41.6% drop in civil air travel, a 41.5% decline in rail travel, and a 25% drop for road transport…the coronavirus has now taken the lives of at least 81 people in China and sickened more than 2,800 worldwide, but many more cases are likely to be reported in the coming days…the majority of the reported cases are in mainland China where local authorities have quarantined several major cities, affecting more than 50 million people, and canceled Lunar New Year’s events in Beijing and elsewhere…Mongolia has closed its vast border with China, and Hong Kong and Malaysia announced they would bar entry to visitors from the Chinese province at the centre of the outbreak following a warning by medical officials that the virus’s ability to spread was growing…travel agencies were ordered to cancel group tours nationwide, adding to the rising economic losses…stock and futures trading in China, closed for the Lunar New Year holiday, is tentatively scheduled to resume next week…Scotiabank thinks Canada’s economy in the 4th quarter fared worse than the Bank of Canada’s projection of 0.3% and may even have slipped into negative territory if the spate of recent economic data coming out of the manufacturing sector was any indicator…“Q4 GDP growth overall is likely tracking considerably below the BoC’s 0.3% growth rate and perhaps in very mild contraction territory,” stated Derek Holt, Vice-President & Head of Capital Markets Economics…

2. The continued spread of the coronavirus appears to be hitting global markets like a similar outbreak in 2003, but the history of recent health scares and market internals may mean the pullback won’t last long and investors are currently overreacting…markets also slumped in early 2003 amid an outbreak of severe acute respiratory syndrome, or SARS, but that was just a temporary setback and many major indexes (and the Venture) enjoyed a strong year…the Wuhan coronavirus is still much smaller than the SARS outbreak of 2003, according to official numbers from governments around the world, but that could change as the outbreak continues…the coronavirus is expected to have more cases in China than SARS eventually, but the overall mortality rate appears to be lower for the new virus, according to various experts…

3. The price of Rhodium, a precious metal that strips pollutants out of exhaust fumes, has been surging to begin 2020 as car manufacturers in Asia and Europe scramble to abide by stricter emission regimes…supplies of Rhodium are limited because the metal is mined as a byproduct of mostly Platinum and Palladium, while demand is rising as regulators restrict emissions and subject autos to more rigorous tests…Rhodium prices, which are vulnerable to wild swings because the metal has no futures market, surged as much as 65% this month to $9,985 a troy ounce, though the metal’s price has backed off modestly in recent days to $8,800…this builds on last year’s rally, extending Rhodium’s advance over the past 12 months to as much as 300%….for auto manufacturers contending with a downturn in sales and the cost of designing electric vehicles, rising Rhodium and Palladium prices represent an added burden…the metal’s rally has cost the auto industry around $8 billion over the past month, according to analysts at Citigroup, who estimate that PGM’s now represent 15% of global auto makers’ cash flows…

4. Ongoing drilling at Canada Cobalt’s (CCW, TSX-V) Castle East discovery in the Gowganda Camp has quickly defined a minimum potential 200-m vertical extent vein zone in the most significant grassroots discovery in the Northern Ontario Silver-Cobalt Camp in several decades…significantly, the Robinson zone is now interpreted to fall within a “much broader and productive horizon” associated with a 300-m thick Silver-rich sill with native Silver occurring near both the upper and lower contacts of the Nipissing diabase with the Archean volcanics…this greatly elevates the potential scale of this system which is situated in a basin area that dips east of 3 robust past producers (~70 million ounces) within 2 km…a 2nd vein shoot has been intersected 100 m below the original discovery to the northeast while native Silver hits have occurred as much as 100 m above and northwest of the 1st vein shoot…grades have been spectacular, including 70 kilograms (2,053 oz/ton) over 0.30 m within a 4-m core interval assaying 212 oz/ton in the 2nd wedge hole…textbook deposit signatures include extensive veining and alteration, rich vein shoots, native Silver-filled fractures, and multiple structures (i.e., low angle faults) believed to be spatially related to high-grade mineralization…more assays are pending…Matt Halliday, VP-Exploration for Canada Cobalt, commented: “The Robinson zone is on strike from the old Capitol mine workings 650 m to the west, so there is plenty of room to grow this discovery both laterally and vertically which we are in the process of doing,” Halliday continued…“It’s important to note that mostly only the shallow western margin of the diabase was mined historically in the rich Gowganda Camp from networks of veins that extended for hundreds of meters.  At modestly deeper levels Canada Cobalt’s Castle Property features kilometers of unexplored or under-explored diabase from the upper contact to the lower contact as we are discovering at Castle East”CCW, now vertically integrated, is an ideal position to quickly reap the benefits of this discovery given its recent acquisition of the only facility in the district (just a 1-hour drive down the highway from the Castle mine) that combines bullion pouring, bulk sampling, commercial assaying and e-waste processing…a ramp to the discovery to access such high-grade material and potential new discoveries from underground in an environment of rising Silver prices could easily make Canada Cobalt the Silver play of the year…CCW is steady at 70 cents as of 7:00 am Pacific

5. The Dow has tumbled 405 points through the first 30 minutes of trading…the S&P 500 slid the most in almost 4 months, with technology shares leading the drop…Wall Street analysts are also issuing warnings about retailers, restaurants and hotels that have high revenue exposure to China…in Toronto, the TSX has slid 159 points…the TSX Gold Index ran up as high as 271 in early trading before backing off…it’s now flat at 264…the Venture has lost 5 points to 577K92 Mining (KNT, TSX-V), an exciting high-grade Gold play with scale, has hit another new all-time high this morning…it’s up 13 cents at $3.65 as of 7:00 am PacificTransition Metals (XTM, TSX-V), with interests across a range of metals and properties, has been one of the Venture’s top performers this month with a gain of more than 75% through Friday’s trading…the long-term chart shows a very significant breakout in the works for this $9 million market cap deal…it’s off a penny-and-a-half at 21.5 cents through the first 30 minutes of trading…

6. Financings, drilling and positive project milestones were all positive in December, according to S&P Global Market Intelligence which tracks a variety of junior metrics to make a composite index…“All 4 exploration metrics – significant financings, drilling activity, initial resources and positive project milestones – increased in December 2019 as S&P Global Market Intelligence’s Pipeline Activity Index, or PAI, jumped to 96, from 79 in November 2019, the index’s best showing in over a year,” wrote analysts at S&P Global Market IntelligenceS&P noted that Gold PAI increased to 149 from 123, while the base metals PAI rose to 55 from 43 over the same period…the number of financings by junior and intermediate companies jumped to 274 in December 2019 from 159 in November…positive project milestones rose to 5 from 4

7. A majority of people around the world believe capitalism in its current form is doing more harm than good, a recent survey has found (published just ahead of this week’s Davos meeting of business and political leaders)…not surprising, really, given what most students have been taught in schools, colleges and universities…this year was the first time the “Edelman Trust Barometer“, which for 2 decades has polled tens of thousands of people on their trust in core institutions, sought to understand how capitalism itself was viewed…the study’s authors said that earlier surveys showing a rising sense of inequality prompted them to ask whether citizens were now starting to have more fundamental doubts about the capitalist-based democracies of the West…“The answer is yes,” David Bersoff, lead researcher on the study produced by U.S. communications company Edelman...”People are questioning at that level whether what we have today, and the world we live in today, is optimized for their having a good future”…the poll contacted over 34,000 people in 28 countries, from Western liberal democracies like the United States and France to those based on a different model such as China and Russia, with 56% agreeing that “capitalism as it exists today does more harm than good in the world”…only in Canada, the United States, Australia, South Korea, Hong Kong and Japan did majorities disagree with the assertion that capitalism currently did more harm than good…

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

January 24, 2020

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,556 and $1,567 so far today…as of 7:00 am PacificGold is up $1 an ounce at $1,564…holdings of Gold by exchange-traded funds have picked up this week and are now higher by 16 tons so far in 2020, according to Commerzbank“In our opinion, the price should be well supported at roughly its current level, as ETF inflows also suggest”…Silver, also looking very strong, has jumped 14 cents to $17.91…red-hot Palladium has slipped $60 an ounce to $2,281…base metals, catching the China flu, are under mild pressure…Copper is off 6 cents at $2.71…Nickel has retreated 10 cents to $6.05 while Zinc is 2 pennies lower at $1.08no changes from the ECB after its latest policy meeting…ECB President Christine Lagarde stated, “The risks surrounding the euro area growth outlook, related to geopolitical factors, rising protectionism and vulnerabilities in emerging markets, remain tilted to the downside, but have become less pronounced as some of the uncertainty surrounding international trade is receding”…Europe was one of the global economy’s weak spots during 2019, with the IMF estimating that growth slowed to a 6-year low as exports faltered and the manufacturing sector contracted…by contrast, recent data show the U.S. economy remains on a solid footing, boosted by growth-oriented policies that Europe would be wise to adopt…Treasury Secretary Steve Mnuchin had some good advice for teenage climate activist/alarmist Greta Thunberg yesterday…asked about Thunberg’s call to divest from fossil fuels, Mnuchin told a news briefing, “After she goes and studies economics in college, she can come back and explain that to us”

2. Financings, drilling and positive project milestones were all positive in December, according to S&P Global Market Intelligence which tracks a variety of junior metrics to make a composite index…“All 4 exploration metrics – significant financings, drilling activity, initial resources and positive project milestones – increased in December 2019 as S&P Global Market Intelligence’s Pipeline Activity Index, or PAI, jumped to 96, from 79 in November 2019, the index’s best showing in over a year,” wrote analysts at S&P Global Market IntelligenceS&P noted that Gold PAI increased to 149 from 123, while the base metals PAI rose to 55 from 43 over the same period…the number of financings by junior and intermediate companies jumped to 274 in December 2019 from 159 in November…positive project milestones rose to 5 from 4

3. The Dow has climbed 117 points through the first 30 minutes of trading…more than 16% of the S&P 500 has released quarterly results thus far…of those companies, about 70% have reported better-than-expected earnings, FactSet data shows…Nick Raich, CEO of The Earnings Scout, pointed out that S&P 500 earnings expectations are also improving, which is “a reason why stocks continue to rise.  The rise in price has been more than the underlying improvement in overall EPS expectations.  This is what has made stock prices expensive in our opinion”…all the more reason to be positioned in Gold and Silver stocks in the event of a pullback on Wall Street…in Toronto, the TSX has added 21 points…the TSX Gold Index, with a continuing bullish bias, has added 1 point to 261…the Venture is steady at 583K92 Mining (KNT, TSX-V), an exciting high-grade Gold play with scale, has hit a fresh record high of $3.57 in early trading, currently up a penny at $3.49Transition Metals (XTM, TSX-V), with strong PGE exposure and a significant presence in the Gowganda Camp near Canada Cobalt’s (CCW, TSX-V) high-grade Silver discovery, is up more than 50% this week and could be ready for a breakout through the mid-20’s…it’s off half a penny at 20 cents as of 7:00 am Pacific

4. GT Gold (GTT, TSX-V) has enjoyed a strong week and appears poised to head highernot only has GTT demonstrated an impressive Gold-rich porphyry system at Saddle North near the Red Chris mine, but late last week the company announced that it had drilled an impressive 10 g/t Au and 46.8 g/t Ag over 53.73 m (93.27 m to 129 m) at its Gold target at Saddle South…this drill hole, TTD135, also included 3 other intervals of Gold mineralization (14.8 m @ 4.3 g/t, 16.59 m @ 1.79 g/t and 2.59 m @ 9.5 g/t)…4 holes in total were drilled at Saddle South and each of them cut significant Gold intervals including some high-grade numbers while also confirming continuity and consistency of mineralization at Saddle South…results also support the interpretation that the Saddle South mineralized zone represents a westerly plunging vein field of sulphide-rich and local sulphosalt-bearing extensional veins and local vein-breccias…the mineralization delineated to date defines a near-surface zone of at least 500 m in strike length and over 100 m in width, and which can be traced to more than 500 m below surface…GTT is trading in the $1.30’s at its best levels in months…“The results from the 4 Saddle South drill holes, which were drilled primarily to aid our understanding of the geometry of this near-surface Gold-Silver system, serve to remind of the optionality this target offers to the development strategy of the overall project, as well as to the significant exploration potential across the Tatogga Property,” stated CEO Paul Harbidge…

5. Fiore Gold (F, TSX-V) has reported 2019 net income of $2.4 million (U.S.)…full-year Gold production was 41,491 ounces, a 21% increase over the preceding year and within full-year guidance of 40,000 to 43,000 ounces…Fiore’s Pan mine AISC per ounce sold was $961 (U.S.)…CEO Tim Warman, commented, “The Pan mine had another strong year with Gold production up 21% and further growth expected in FY 2020 from the newly installed crushing circuit.  Cash flow from the Pan mine not only funded additional resource expansion drilling to extend the mine life at Pan and partially funded the new crusher, it also allowed us to advance the adjacent Gold Rock Project with a 10,000-m drill program and a PEA that will be released in calendar Q1 2020.  Our goal remains to have Pan and Gold Rock operate in unison, creating a multi-asset U.S. Gold producer with a track record of solid operating performance”Fiore has slipped 4 cents to 50 cents through the first 30 minutes of trading…

6. Score Media and Gaming (SCR, TSX-V) has secured market access to offer mobile sports betting in Colorado via an agreement executed last night with a subsidiary of U.S. gaming operator Jacobs Entertainment Inc. (JEI)…subject to receiving all relevant licenses and approvals from the Colorado Division of Gaming, the company anticipates launching its mobile sportsbook, theScore Bet, in Colorado later this year…“We can’t wait to introduce theScore Bet to fans in Colorado later this year,” said John Levy, Founder and CEO of theScore“We’ve already seen exciting early momentum from our mobile sportsbook in our launch state of New Jersey.  Now we are focused on its multi-state rollout while driving ongoing product innovations to further strengthen the connection between our media and gaming platforms, leveraging our incredibly powerful and highly-engaged sports app audience”…J.J. Garcia, Vice President of Colorado Operations of JEI, said: theScore is a market leader in mobile innovation.  Their sports app is already one of the most popular in North America and, with theScore Bet, they are now leading the way in the integration of digital media and sports betting to deliver a revolutionary and holistic experience for fans.  Their visionary and unique approach truly sets them apart and we’re thrilled to partner with them”…under the agreement, JEI will receive a percentage of revenue derived from theScore Bet’s mobile sports betting operations in Colorado, subject to certain annual minimum guaranteed amounts, and an initial upfront fee…the agreement spans an initial term of 10 years, extendable for 2 successive 5-year renewal terms, at theScore’s option…SCR is up a penny at 77 cents in early trading…

7. A majority of people around the world believe capitalism in its current form is doing more harm than good, a recent survey has found (published just ahead of this week’s Davos meeting of business and political leaders)…not surprising, really, given what most students have been taught in schools, colleges and universities…this year was the first time the “Edelman Trust Barometer“, which for 2 decades has polled tens of thousands of people on their trust in core institutions, sought to understand how capitalism itself was viewed…the study’s authors said that earlier surveys showing a rising sense of inequality prompted them to ask whether citizens were now starting to have more fundamental doubts about the capitalist-based democracies of the West…“The answer is yes,” David Bersoff, lead researcher on the study produced by U.S. communications company Edelman...”People are questioning at that level whether what we have today, and the world we live in today, is optimized for their having a good future”…the poll contacted over 34,000 people in 28 countries, from Western liberal democracies like the United States and France to those based on a different model such as China and Russia, with 56% agreeing that “capitalism as it exists today does more harm than good in the world”…only in Canada, the United States, Australia, South Korea, Hong Kong and Japan did majorities disagree with the assertion that capitalism currently did more harm than good…

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

January 20, 2020

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,558 and $1,563 so far today…as of 7:00 am PacificGold is up $3 an ounce at $1,560Gold’s strong support band between $1,550 and $1,520 held up last week despite declines in ETF holdings and new record highs on Wall Street…Silver is 3 cents higher at $18.03Palladium continues to surge, up another $79 an ounce at $2,374…Copper is steady at $2.84…Nickel has jumped 10 cents to $6.39 while Zinc has added a penny to $1.11…the International Monetary Fund (IMF) has become slightly less optimistic about global growth, warning that the outlook remains sluggish and there are no clear signs of a turning point…the Washington-based institution forecast in October a global growth rate of 3% for 2019 and 3.4% for 2020…the IMF has now revised down those forecasts to 2.9% and 3.3%, respectively…the downward revision was mostly due to lower growth in India…for 2021, the IMF has forecast a growth rate of 3.4%…common sense from Canada’s highest court (for a change) and a major blow to Canada’s Oil haters and climate change fanatics last Thursday when the Supreme Court quickly and unanimously rejected British Columbia’s move to regulate the flow of heavy Oil across its borders, resolving one of the last court challenges to the Trans Mountain pipeline expansion project favoured by most British Columbians and Canadians…Justice Mary Newbury stated, “The project is not only a ‘British Columbia project’.  The project affects the country as a whole, and falls to be regulated taking into account the interests of the country as a whole”…what will the radical left come up with next to try to stop this project?…they are still hotly determined to do so…

2. Remember how the United Nations-loving mainstream media in Canada drooled over a recent report from the “United Nations Committee on the Elimination of Racial Discrimination” that called for 3 large-scale natural resource projects in British Columbia to be “immediately” shut down, including the Coastal GasLink natural gas pipeline now getting so much attention from the anti-fossil fuel crowd?…it turns out that the UN panel of nearly 2 dozen so-called “experts” (clearly with an agenda) did not bother to study First Nations views toward the Coastal GasLink project…chair Noureddine Amir just admitted in a Reuters interview that he “did not know” that most First Nations communities supported this project…how’s that for ignorance?…this sham of a committee, drunk from its own climate change Kool Aid and anti-fossil fuel hysteria, and supposedly a protector of Indigenous rights as it preaches to Canadians, actually called for the shutdown of an Indigenous-backed pipeline, only to later admit it did not seek aboriginal views toward the project!…through their virtue-signalling, they’re hurting the very people they purport to defend…the left has become a disgrace in its attack against the Canadian Oil and gas industry…

3. The 1 radical fake native band that opposes construction of the Coastal GasLink pipeline says it will refuse workers access to “their” land, but in peaceful fashion, according to 1 of its chiefs (how generous of them as the “hereditary” non-elected chiefs of the Wet’suwet’en Nation knowingly break the law)…notably, Coastal has the support of all First Nations along the route, but these fake chiefs of the Wet’suwet’en Nation, through which 28% of the 670-km route passes, oppose it…they refuse to abide by Canadian law – it doesn’t apply to them, they say, so it’s impossible to negotiate with these individuals…Chief Na’moks of Wet’suwet’en’s Beaver Clan said the chiefs will never support Coastal on “their” land…“We’ll maintain our stance of absolute opposition as well as remaining peaceful,” Na’moks said in an interview…“We’re not letting them have access” in defiance, of course, of a recent B.C. Supreme Court decision…will B.C. Premier Horgan and Prime Minister Trudeau allow this 1 fake native band, allegedly funded by foreign sources, to interrupt or block a major Canadian resource project?…

4. QMX Gold (QMX, TSX-V) has drilled 41.8 g/t Au over 3.4 m (core length) and 171 g/t Au over 1 m in separate drill holes in the Bijou Shear zone approximately 200 m south of its Bonnefond deposit on the eastern side of the company’s extensive land package in the Val d’Or Camp…previous results from Bijou returned impressive intersections such as 13.2 g/t over 8.8 m, 6.9 g/t over 2.8 m, and 5.1 g/t over 2.9 m, but QMX is now cutting into even higher grades in this area…a large part of the winter drilling program will focus on improving the definition of the high-grade zones in the Bijou Shear and additional shear zones south of the Bonnefond intrusive…Bijou is one of the first mineralized shear zones identified south of Bonnefond…it extends 400 m along strike and 450 m down-dip, characterized by strong fuschite alteration associated with quartz veining and disseminated pyrite mineralization…“We continue to be extremely impressed with the results both within the Bonnefond tonalite (highlights released this morning included 1.75 g/t Au over 59.7 m, and 1.1 g/t Au over 72.8 m in separate holes on the western side) and in the shear zones to the south,” stated President and CEO Brad Humphrey…“The results to date bode well for our updated resource estimate, where we expect to upgrade the tonalite material from Inferred to Indicated, as well as a significant increase in the shear material.  We anticipate completing the Bonnefond resource update in the coming months.  We are also eagerly awaiting results from our reconnaissance drill program at the River Target, which are expected in the next week or so”QMX is up a penny-and-a-half at 12 cents through the first 30 minutes of trading…

5. Marathon Gold (MOZ, TSX) is under mild pressure in early trading after releasing a positive updated mineral resource estimate (typical “sell on news” in these situations) for the Valentine Gold Project in central Newfoundland following the 2019 infill drill program at the Leprechaun and Marathon deposits…Measured and Indicated resources now stand at 3.1 million ounces (54.9 million tons at 1.75 g/t Au), an increase of 400,000 ounces or 15%, compared to the previous estimate from October 2018…total high-grade open-pit M&I resources of 2.58 million ounces (30.5 million tonnes @ 2.62 g/t) are available for use in the ongoing Valentine Gold Project Pre-Feasibility Study…refined geological models, tighter restrictions on high-grade assays, and increased drill density for each of the Leprechaun and Marathon deposits has yielded a higher confidence estimate that is demonstrated by, among other factors, a 63% increase in overall Measured resources to and better overall geostatistical rigour…this is a superb project with potentially very robust economics…

6. U.S. equity markets are closed today for Martin Luther King Jr. Day…even as regulators bear down on the top technology companies and some lawmakers seek to break them up, Big Tech is bigger than ever…Alphabet topped $1 trillion in market value late last week, becoming the 4th U.S. technology company to reach that level, after Apple, Microsoft and Amazon, which has slipped back to about $930 billion…adding Facebook into that group, the 5 most valuable U.S. tech companies are now worth a staggering $5.2 trillion, accounting for over 17% of the S&P 500, according to FactSet…that’s up from 11% 5 years ago, with about two-thirds of the value, or $3.5 trillion, accruing over that stretch…in Toronto, the TSX is up 12 points in early trading while the Venture has added 2 points to 586Palladium Mining (PDM, TSX-V) hit a new high of 24 cents in early trading on strong volume…Group Ten Metals (PGE, TSX-V), advancing a large project in Montana, has hit new multi-year highs with a gain of 6 cents to 36 cents…Montana’s Stillwater District is one of the world’s largest and highest-grade PGE-Ni-Cu regions in the world…Crystal Lake Mining (CLM, TSX-V), breaking out past 15 cents, is up half a penny at 17.5 cents…in a 340-m step-out from the first diamond drill hole at the Burgundy Ridge discovery in the Eskay CampCLM has channel sampled 3.3% Copper, 3.75 g/t Gold, 63.4 g/t Silver and 8.6% Zinc over 10 m within 22 m @ 2.0% Cu, 2.3 g/t Au, 34.4 g/t Ag and 4.7% Zn…1.3% Cu was assayed over the full 37-m sample…the on-surface extent remains open in all directions and was visually observed continuing under the snow…remarkably, that’s what’s showing up at surface, well away from the original drilling discovery as the ice and snow retreat…last summer’s drilling at Burgundy, with more results to come, demonstrated that high-grade mineralization likely extends at least a few hundred meters to depth…a high-grade skarn-style deposit is possible, flanking what appears to be a very large porphyry system over at least 2.3 km…the bigger the porphyry system, the more likely a high-grade Gold system is adjacent to it…

7. GT Gold (GTT, TSX-V), looking strong, is up another 3 cents at $1.21…late last week the company announced that it had drilled an impressive 10 g/t Au and 46.8 g/t Ag over 53.73 m (93.27 m to 129 m) at Saddle South…this drill hole, TTD135, also included 3 other intervals of Gold mineralization (14.8 m @ 4.3 g/t, 16.59 m @ 1.79 g/t and 2.59 m @ 9.5 g/t)…4 holes in total were drilled at Saddle South and each of them cut significant Gold intervals including some high-grade numbers while also confirming continuity and consistency of mineralization at Saddle South…results also support the interpretation that the Saddle South mineralized zone represents a westerly plunging vein field of sulphide-rich and local sulphosalt-bearing extensional veins and local vein-breccias…the mineralization delineated to date defines a near-surface zone of at least 500 m in strike length and over 100 m in width, and which can be traced to more than 500 m below surface…GTT closed at $1.12 yesterday, its best price since early September…“The results from the 4 Saddle South drill holes, which were drilled primarily to aid our understanding of the geometry of this near-surface Gold-Silver system, serve to remind of the optionality this target offers to the development strategy of the overall project, as well as to the significant exploration potential across the Tatogga Property,” stated CEO Paul Harbidge…

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

January 16, 2020

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,551 and $1,556 so far today…as of 3:00 am Pacific, in this early edition of 7 @ 7:00, Gold is off $1 an ounce at $1,555Gold’s strong support band between $1,550 and $1,520 has held up this week despite declines in ETF holdings…Silver is steady at $17.95Palladium remains on fire, up another $49 an ounce at $2,269 after pushing as high as $2,339…meanwhile, Platinum had its best day in nearly 2 years yesterday as prices pushed past the $1,000 an ounce barrier…Copper has added 2 pennies to $2.84 as its trades at its best levels since early last summer…RBC Capital Markets analysts recently predicted that M&A in the Copper space could surge in 2020, especially if Chinese companies remain hungry…Nickel and Zinc are up slightly while Cobalt is unchanged at $14.74Crude Oil is 19 cents higher at $58 while the U.S. Dollar Index has dipped nearly one-tenth of a point to 97.17…the B.C. government will ask Canada’s high court today to give it authority over what can flow through the expanded Trans Mountain pipeline from Alberta…the case is a make-it-or-break-it affair for the multi-billion-dollar project…if B.C. is allowed to prevent heavy Oil from flowing through the pipeline, it would crush the expansion’s entire reason for being (the consequences for Canada would be severe)…the federal government will argue that letting B.C. regulate what can flow through the pipeline would give the province a veto over interprovincial projects it doesn’t like, counter to the constitutional authority given to Ottawa over any transportation project that crosses provincial boundaries…B.C.’s Attorney General says “the heart of the Constitutional questions before this court” is whether B.C.’s authority to “protect its own environment” can include interfering in a federal project…last May, the B.C. Court of Appeal said it cannot…B.C. is appealing that decision to the Supreme Court of Canada and that’s the hearing set for this morning…4 provinces, the cities of Burnaby and Vancouver, several Indigenous communities, the radical environmental law charity “Ecojustice“, and more than half a dozen Oil companies and advocacy groups have been granted intervener status in the case…

2. The U.S. and China have signed a Phase 1 trade deal that officials say will lead to a sharp increase in sales of U.S. goods and services to China, further open Chinese markets to foreign firms – especially in financial services – and provide strong new protections for trade secrets and intellectual property…the 8-part trade agreement, yet another game-changing achievement by President Trump, leaves in place U.S. tariffs on about $370 billion in Chinese goods, or about three-quarters of Chinese imports to the United States…possible tariff reductions will be left to later negotiations, which will cover a host of difficult issues at the heart of the trade battle, including Chinese subsidies to domestic companies and Beijing’s oversight of Chinese state-owned firms…those talks are expected to begin fairly soon but not conclude until after the U.S. elections in November…speaking to a packed audience of business and political leaders in the East Room of the White House, President Trump said the remaining tariffs “will all come off” if the talks produce a 2nd agreement…he called the deal a “momentous step – one that has never been taken before with China – toward a future of fair and reciprocal trade”…China agreed to purchase an additional $200 billion in U.S. goods over the next 2 years…this means U.S. exports to China should climb to $263 billion this year and $309 billion in 2021…either amount would mark a record-breaking acceleration for U.S. exports to China…

3. The Island Gold mine in Northern Ontario is the gift that keeps on givingAlamos Gold (AGI, TSX, NYSE) released impressive new results from surface and underground exploration drilling Island late yesterday, further extending high-grade Gold mineralization beyond existing mineral resources in all 3 areas of focus…overall, high-grade mineralization has been extended over 1,000 m east of current mine workings and remains open along strike to the east, and both up and down plunge…fresh results include 3.81 m (true width) grading 121.3 g/t (96.5 g/t cut), 2.57 m (true width) @ 108.2 g/t (94.6 g/t cut), and 8.04 m (true width @ 36.5 g/t) from the Main extension down plunge…this pushes out mineralization in this zone 80 m east of existing resources and 50 m below the nearest previously reported intersection…at the Eastern extension, high-grade mineralization has been intersected 170 m east of the nearest Indicated mineral resource and 225 m above previous intersections in the new area of focus…results from the Eastern extension include 32.2 g/t over 4.68 m (true width) and 20.2 g/t over 3.24 m (true width)…meanwhile, the gap between the Main and Eastern Extensions continues to show promise…high-grade mineralization has been extended 50 m to the west in the new area of focus to now cover a lateral extent of 350 m, confirming the continuity of high-grade mineralization at a drill density that will support the declaration of an Inferred mineral resource…all 17 holes drilled to date in this area have intersected the E1E zone, including 12 intersecting ore grade material…this has confirmed the E1E zone extends vertically over 1.2 km between a depth of 300 m and 1,500 m in the eastern part of the deposit…new highlights include 21.3 g/t over 9 m (true width) and 28.5 g/t over 4.38 m (true width)…“We had another exceptional year at Island Gold operationally, financially and through the drill bit,” stated President and CEO John A. McCluskey…“The operation produced 150,400 ounces of Gold in 2019, achieving a new record for the 5th consecutive year, and set a new record for free cash flow.  With the ongoing exploration success, we expect further growth in Island Gold’s mineral reserves and resources with our year-end update.  This growth will be incorporated into the Phase 3 expansion study, which we plan to complete during the 2nd quarter of 2020.  We expect this study will showcase a larger, extremely profitable, long-life operation”

4. B2Gold (BTO, TSX; BTG, NYSE), which closed at a new all-time high yesterday, has reported record 2019 annual Gold production of 980,219 ounces (including 10,724 ounces relating to the company’s attributable share of ounces from Calibre Gold)…this exceeds the upper end of BTGold’s guidance range of between 935,000 and 975,000 and marks the 11th straight year that the company has achieved record annual consolidated Gold production…consolidated cash costs are projected to remain low for 2019 with cash operating costs forecast to be at or below the lower end of the company’s $520 (U.S.) and $560 per ounce guidance range while all-in-sustaining costs are expected to be within the $835 (U.S.) and $875 per ounce guidance range…following a very successful year for exploration in 2019, B2Gold is planning another year of aggressive exploration in 2020 with a budget of approximately $51 million…based on current assumptions, including a Gold price of $1,500 per ounce, the company expects to generate cash flows from operating activities of approximately $700 million in 2020 and to repay the remaining outstanding balance of its revolving credit facility of $200 million during the year…

5. Wall Street futures are pointing to a strong open after fresh record highs yesterday…the Dow closed above the 29,000 level for the first time…in Toronto, the TSX finished at a new closing high of 17,415Liberty Gold (LGD, TSX) early this morning has just reported an intersection of 2.9 g/t Gold oxide over 55.9 m, including 5.6 g/t over 22.1 m, in metallurgical core drilling at its Black Pine Project in Idaho…the Venture gained 3 points yesterday to 577…a minor healthy pullback has unwound temporarily overbought conditions, setting the stage for the Venture’s next move to the upside above the key 600 level…resource plays have been leading the charge; however, the Canadian Marijuana Index closed at a nearly 2-month high yesterday, jumping 21 points to 243…on Tuesday, Organigram Holdings (OGI, TSX, NASDAQ) easily beat revenue estimates for its first fiscal quarter of 2020 (ended Nov. 30, 2019) with net revenue of $25.1 million, well up from its Q4 2019 revenue of $16.2 million, and this lent encouragement to investors across the sector…the Venture should get a boost going into the end of the week ahead of major resource conferences in Vancouver from Sunday through January 23 (Vancouver Resource Investment Conference plus Roundup)…the VRIC, one of the largest of its kind, will be celebrating its 25th anniversary and has a fabulous lineup of guest speakers…this milestone year for VRIC will see the event host over 60 keynote speakers, 350 exhibiting companies and 9,000 investors, bringing together a host of experts from the mineral exploration, metals, Oil and gas, and renewable energy sectors…

6. Golden Predator (GPY, TSX-V) resumed trading late in yesterday’s session, following a halt for news, and closed up 4.5 cents at 38.5 cents after reporting a significant increase in resources at its low capex Brewery Creek Project in the Yukon…a new NI-43101 report estimates that, at a Gold price of $1,325 per ounce, Indicated oxide Gold resources have increased 55% while Inferred oxide resources have increased 78% since the previous resource estimate in 2014…the updated estimate incorporates data from drilling through to the end of 2015…the company completed a subsequent 200 exploration drill holes from 2016 to 2019…a total of 177 of those holes were drilled from last August to November and assays are still being received and evaluated for a significant number of those holes…the updated mineral resource estimate reports an Indicated oxide resource of 21.14 million tonnes at 1.1 g/t Au containing 765,000 ounces, plus an Inferred oxide resource of 14.12 million tonnes at 0.97 g/t containing 440,000 ounces…the report also estimates an additional 8.57 million tonnes of Inferred sulphide resource at 0.99 g/t containing 270,000 ounces…the estimate utilized cut-off grades calculated separately for each deposit, ranging from 0.42 to 0.53 g/t at a Gold price of $1,325 per ounce reported within a pit shell calculated at $1,600 per ounce…Brewery Creek is a past producing open-pit/heap leach mine…operations were temporarily suspended in 2002 when the Gold price dipped below $300 an ounce…the project features year-round road access/air service 45 km from Dawson City and is just 17 km from grid power…

7. First Responder Technologies (WPN, CSE) begins trading on the Canadian Securities Exchange (CSE) this morning…on Tuesday the company completed its initial public offering of nearly 14 million units (included a 2-year half warrant good for 2 years at 50 cents) at a price of 35 cents per unit, generating aggregate gross proceeds of $4.9 million… the company plans to allocate a significant portion of the proceeds to continue its robust research and development program with the expectation that it will bring a prototype of a WiFi-based walk through weapons detection sensor to market in May of this year…in parallel with its research and development efforts, the company’s management and advisory team will continue its efforts to engage and inform security professionals, public safety technology vendors and governments around the world…that team is led by former federal Cabinet minister Stockwell Day, former RCMP Commissioner Bev Busson, environmental criminologist Dr. Kelly Sundberg, and artificial intelligence researcher Dr. Steve DiPaola…

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Be

January 15, 2020

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,547 and $1,558 so far today…as of 7:00 am Pacific, the yellow metal is up $3 an ounce at $1,549Gold has very strong support in a band between $1,550 and $1,520, meaning downside risk remains limited at current levels…ETF holdings of Gold and Silver have declined so far in the new year, according to data from Commerzbank and BMO Capital MarketsGold ETF holdings have fallen for 5 straight days and are now down by around 5% from the start of the year…Commerzbank puts the decline so far in 2020 at “just shy of 14 tons”…Silver ETF holdings are down by only 1.1% over the same period, equivalent to about 6.87 million ounces of outflows…Silver has jumped 13 cents to $17.88 this morning…Palladium remains on fire, up another $42 an ounce at $2,196…Palladium is now forecast by Citi analysts to hit $2,500 by the middle of this year…Copper traded at an 8-month high of $2.83 yesterday…RBC Capital Markets analysts recently predicted that M&A in the Copper space could surge in 2020, especially if Chinese companies remain hungry…as of 7:00 am Pacific, Copper is steady at $2.82, Nickel has pushed 14 cents higher to $6.38 while Zinc is flat at $1.07Crude Oil has lost 19 cents to $58.04 while the U.S. Dollar Index has retreated more than one-tenth of a point to 97.23

2. Treasury Secretary Steven Mnuchin stated this morning on CNBC that a future “Phase 2” trade deal with China would ease U.S. tariffs on goods purchased from Beijing even if the 2nd round of negotiations is itself segmented into multiple rounds…“Just as in this deal there were certain rollbacks, in ‘Phase 2’ there will be additional rollbacks,” he said…“It’s really just a question of – and we’ve said before – Phase Two may be 2A, 2B, 2C.  We’ll see.  The first step is really focusing on enforcement, but this gives China a big incentive to get back to the table and agree to the additional issues that are still unresolved,” he added…top American and Chinese negotiators will sign a “Phase 1” deal this morning that is expected to include an agreement by China to purchase some $200 billion of U.S. goods over 2 years…but the deal is also expected to lower structural barriers for American companies hoping to do business in China…specifically, the pact is said to address concerns of U.S. executives who’ve long complained that they are routinely pressured, if not outright forced, to share key technologies in exchange for market access…Trump continues his “game changing” Presidency on he way to re-election in November, much to the dismay of North America’s new radical left…

3. Azimut Exploration (AZM, TSX-V) climbed as high as $1.67 in early trading following yesterday’s huge jump to $1.50 from 50 cents…after 30 minutes of trading, AZM is off 4 pennies at $1.46…yesterday the company reported a significant new discovery, including frequent high-grade intervals, in all 7 holes of its maiden diamond drilling program at its 100%-owned Elmer Property in the James Bay region of Quebec…the Patwon prospect is part of a larger 7-km-long target zone on the property, so there is plenty of potential scale with this…a ground geophysics survey (IP) is currently under way over the discovery area and its vicinity to prepare for a more comprehensive upcoming drill program…Gold-bearing mineralization occurs in 3 types of veins, and veinlets their wall rocks, and more locally to meter-scale hydrothermal breccia, so this has the characteristics of a robust system…Azimut’s management, known to be quite conservative, considers these first drill results among the most significant in the James Bay region since the 2004 discovery of the Eleonore deposit by Virginia Gold Mines (Eleonore is currently owned and operated by Newmont)…results were highlighted by 3.15 g/t Au over 102 m (from 34 m to 136 m) in hole 22.84 g/t Au over 108.2 m (from 34.3 m to 142.5 m) in hole 3, 1.68 g/t Au over 97 m (5 m to 102 m) in hole 4, and 1.93 g/t Au over 82 m (21 m to 103 m) in hole 7…the Elmer Property and the adjacent wholly-owned Duxbury Property provide Azimut with a controlling position over a 35-km-long segment of a prospective greenstone belt…both properties were staked following the company’s predictive modelling for Gold in the James Bay region using its proprietary AZtechMine expert system…Elmer comprises 276 claims covering 145.4 sq. km over a 22-km strike length…Duxbury, located to the east, covers a further 13 km along strike…the projects are located 285 km north of Matagami, 60 km east of the municipality of Eastmain and 20 km west of the paved James Bay road…the region benefits from quality infrastructure that includes major access roads, a hydropower grid and airports…

4. Ero Copper (ERO, TSX), a top performing stock over the past year, has reported a 39% year-on-year increase in production, significantly exceeding original 2019 guidance of 36,000 to 38,000 tonnes of Copper…total annual Copper production at the Curaca Valley operations of 42,318 tonnes compared to 30,426 tonnes produced in 2018…meanwhile, total annual production at the NX Gold Mine was 30,434 ounces of Gold and 19,641 ounces of Silver at cash costs of $475 to $575 (U.S.) per ounce…David Strang, President and CEO, stated, “Our business strategy has and continues to be focused on achieving near-term organic production growth, at first quartile production costs, while increasing the foundational long-term copper production base of the Curaca Valley through aggressive exploration and discovery.  As we look back at the tremendous growth of Ero over the past 2 years, I’d like to recognize the work throughout our organization that has contributed to another year of record Copper production.  As we look forward to 2020 in the Curaca Valley, we expect another strong operational year with mill head-grades of greater than 2% Copper resulting in cash costs well below $1 per pound of Copper produced.  Additionally, we are executing on our mill improvement plans including the completion of the HIG Mill installation and commissioning of the recently installed ore sorting plant”ERO is also carrying out aggressive drilling (resource expansion and regional exploration) with 2 dozen drill rigs on site…

5. The Dow hit a new record high in early trading as stocks rose ahead of the U.S. and China signing a Phase 1 trade deal while the corporate earnings season picked up steam…as of 7:00 am Pacific, the Dow is up 122 points while the TSX has added 39 points…the TSX Gold Index is steady at 252… Yamana Gold (YRI, TSX; AUY, NYSE) has released 4th quarter production results that exceeded guidance for Gold, Silver and Gold equivalent ounces…Q4 production featured 256,288 GEO, including 221,595 ounces of Gold and 2.97 million ounces of Silver…full-year production of 1.02 million GEO, including 900,339 ounces of Gold, slightly exceeded guidance of 1.01 million GEO and 899,000 ounces of Gold…the Venture is up a point at 575…a minor healthy pullback has unwound temporarily overbought conditions, setting the stage for the Venture’s next move to the upside above the key 600 level…Skeena Resources (SKE, TSX-V) is hitting new highs on fresh drill results from its 2019 Phase 1 surface drilling program at Eskay Creek4 surface drill rigs were utilized for the 21A, 21E and HW zones to infill and upgrade areas of Inferred resources to the Indicated classification…highlights from 21A include 10.1 g/t Au and 345 g/t Silver over 36.85 m, 7 g/t Au and 114 g/t Ag over 37.89 m, and 6.3 g/t Au and 42 g/t Ag over 59 m (intervals represent 80% to 100% of true widths)…the 21A zone continues to return both higher Gold-Silver grades and thicknesses than expected…the Venture is trading within a very strong new support band that continues to 560…the Index should get a boost going into the end of the week ahead of resource conferences in Vancouver from Sunday through January 23 (Vancouver Resource Investment Conference plus Roundup)…the VRIC, one of the largest of its kind, will be celebrating its 25th anniversary…this milestone year for VRIC will see the event host over 60 keynote speakers, 350 exhibiting companies and 9,000 investors, bringing together a host of experts from the mineral exploration, metals, Oil and gas, and renewable energy sectors…

6. Ascot Resources (AOT, TSX-V) has announced an updated resource estimate for its Premier Gold Project near Stewart, including the Silver Coin, Big Missouri and Premier deposits…resources at Premier are 1,066,000 ounces of Gold and 4.7 million ounces of Silver in the Inferred category, and 1,180,000 ounces of Gold and 4.7 million ounces of Silver in the Inferred category…Ascot’s combined resources for Premier and Red Mountain are as follows: Measured & Indicated: 1,849,000 ounces of Gold and 6,824,000 ounces of Silver; Inferred Category: 1,250,000 ounces of Gold and 4.8 million ounces of Silver…since late 2017, Ascot management turned its focus towards developing high-grade underground resources…the company now has a substantial amount of high-grade resources from 4 deposits, which could feed the centrally located Premier mill…Ascot completed over 53,000 m of drilling in 2019, of which 43,000 m was focused on an infill drill program to improve the confidence level and classification of the Premier Project resource from Inferred to Indicated…Derek White, President and CEO, commented, “I am pleased with our progress and the large increase in tonnage, grade and contained Gold and Silver in the Indicated Category at the Premier Gold Project.  We convincingly achieved our goal of rapidly creating a strong base of Measured and Indicated Resources as the basis for developing a mine plan for the project.  We have scheduled the release of our Feasibility Study by the end of March, 2020AOT is up 2 cents at 80 cents through the first 30 minutes of trading…

7. Wayne Tisdale’s 21C Metals (BULL, CSE) has changed its name to Canadian Palladium Resources to reflect the company’s concentration on its flagship East Bull Palladium Project in the Sudbury mining division…Tisdale commented, “With Palladium reaching new highs of over $2,100/ounce, we look forward to drilling the East Bull Palladium Project to further expand the 43101 compliant 523,000-ounce Palladium equivalent resource we have. This name change reflects our focus on a world-class asset in a mining friendly jurisdiction”…effective on Monday, January 20, the company will begin trading on the CSE under its new name, Canadian Palladium Resources, with the stock symbol (BULL) remaining the same…BULL acquired the project in early 2019…it contains a pit-constrained Inferred resource of 11.1 million tonnes of 1.46 g/t Palladium equivalent (523,000 ounces)…the property consists of approximately 1,000 hectares covering more than 3.6 km of the East Bull layered intrusion featuring an inclusion bearing zone hosting Palladium mineralization…BULL is off half a penny at 11.5 cents as of 7:00 am Pacific

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Be

January 13, 2020

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,557 and $1,546 so far today…this is a special early edition of 7:00 @ 7:00 due to travel commitments…as of 2:00 am Pacific, the yellow metal is down $14 an ounce at $1,548Gold has very strong support in a band between $1,550 and $1,520, meaning downside risk is limited at current levels…safe haven-seeking investors around the world piled into Gold-backed ETFs in 2019, making it the best year on record for Gold holdings…assets under management in Gold bullion ETFs expanded 37% from the previous year, adding $19.2 billion, or 400 tonnes, according to the World Gold Council (WGC)…during the 4th quarter, total holdings hit a jaw-dropping 2,900 tonnes, the equivalent of 102 million ounces, which is the most on record…over the past 2 decades Gold has helped investors limit market volatility and portfolio losses…between 2000 and 2019, the precious metal’s average annual price was down in only 4 years…put another way, Gold was up on average in 4 out of every 5 years – a remarkable track record…Silver has slipped 17 cents to $17.90 but its uptrend remains intact…having broken above $2,000 an ounce last week Palladium in now forecast by Citi analysts to hit $2,500 by the middle of this year…base metals are relatively unchanged with Copper, Nickel and Zinc at $2.79, $6.40 and $1.07, respectively…Cobalt is steady at $14.97…Crude Oil has added 19 cents to $59.23 after slumping $4 a barrel last week while the U.S. Dollar Index is up more than one-tenth of a point at 97.51Treasury Secretary Steven Mnuchin said yesterday that Boeing’s 737 Max crisis could curb U.S. economic growth in 2020 by half a point, though he expects the economy will still grow by about 2.5% this year…“There’s no question that the Boeing situation is going to slow down the GDP numbers,” Mnuchin said in an interview on Fox NewsSunday Morning Futures“Boeing is one of the largest exporters, and with the 737 Max, I think that could impact GDP as much as 50 basis points this year”… a U.S.-China Phase 1 trade deal is due to be signed at the White House on Wednesday…it will leave in place tariffs on about $370 billion worth of Chinese imports per year, more leverage for Trump to ink a Phase 2 deal potentially later this year…

2. Just hours after angrily calling the allegation that an Iranian surface-to-air-missile took down Ukraine International Airlines Flight PS752 a “big lie” and “psychological warfare”, Iran’s rogue regime has had to confess that the Revolutionary Guard Corps it has lately been lionizing in mass rallies itself fired the fatal missiles…all 176 people aboard, including 57 Canadians, were killed…one can only hope that regime change can come through a revolution by the long-suffering people of Iran…one of the hallmarks of the Islamic Republic regime is its tragic indifference to life, on display again in multiple ways over the past week…this is the same regime that, during the Iran-Iraq War, sent human waves of school-age boys to clear landmines with their own bodies in advance of regular Iranian troops…the youngsters were given metal keys to hang around their necks and told they would open the doors to paradise…sometimes they were roped together to prevent them escaping…their lives were wasted by the tens of thousands in futile offensives like the 1982 Operation Ramadan…this is one of the most evil regimes that has ruled any nation in the history of the planet, and President Trump did the world a favor when he took out their terrorist leader Soleimani who had the blood of many on his hands, including Iranians…

3. There’s no negotiating with the fossil fuel haters – they are in a mixed up world of their own...hundreds of people marched in Vancouver Saturday from B.C. Supreme Court to Victory Square  to voice their support for opponents of the Coastal GasLink natural gas pipeline…“It’s our territory.  It’s not Canadian land.  It’s not the Queen’s.  It’s not the RCMP’s.  It’s Wet’suwet’en land. It’s our land,” said one protestor, Jerome Pete, who grew up on the traditional territory where Coastal GasLink plans to build its pipeline…“I’m here as an indigenous youth standing with Wet’suwet’en Nation in their resistance to Coastal Gaslink pipeline and colonial forces that seek to remove indigenous people from our lands and our futures,” said another protestor, Ta’Kaiya Blaney, as she addressed the crowd at Victory Square…Coastal GasLink may not have the support of hereditary chiefs but the fact is they’ll likely never get it and they simply don’t need it – they already have agreements with 20 elected First Nation councils along the pipeline’s 670-km route…Canada will stop becoming a country as we know it, and First Nations will never be lifted out of poverty, if we can’t move projects such as this forward swiftly and decisively…

4. This is an ideal time to be invested, on a selective basis, in the resource sector…precious metals and commodities in general are doing well…the Fed is highly accommodative, prepared to accept a sustained uptick in inflation (if it happens) without increasing interest rates which remain low…the U.S. economy, in the midst of its longest expansion in history, is at the perfect temperature, neither too hot nor too cold, and Wall Street continues to bet on another Trump victory in November’s U.S. elections…meanwhile, the greenback is constrained within a down channel that formed in the fall of last year…this is very positive for Gold, the broader commodities space and the Venture…since touching 99.3 in the early fall in an apparent double top, the Dollar Index has been trading within what is now a well-defined down channel with strong resistance from 97.5 to 98 and solid support between 95.5 and 96…we expect the Dollar Index to continue to trade in this range for the foreseeable future (risks are to the downside, not the upside)…in addition, last week the Dollar Index experienced a “death cross”, a bearish signal that takes place when the 50-day SMA crosses below the 200-day…we haven’t seen this from the greenback since May 2017…bodes well for the Venture which performs best when the dollar is flat or weak…

5. Canada Cobalt (CCW, TSX-V) has drilled an incredible 70 kilograms per tonne Silver (70,380 g/t or 2,053 oz/ton) over 0.30 m within a broader 4-m zone (core length) averaging 7,259 g/t or 212 oz/ton Silver in the 2nd wedge hole at its Castle East discovery in Northern Ontario’s Gowganda mining camp…this intercept is 8 m west of the first hole intercept (50,583 g/t over 0.60 m within 1.5 m grading 20,751 g/t with assays pending for the full 4.65-m core interval) and 17 m west of the original discovery hole intercept in CA-1108 that returned 6,476 g/t over 3.1 m of core length…drilling continues from surface and assays are still pending from 100 of 111 samples from wedge holes 1 through 4, so the market has plenty to speculate on in the days ahead…vein widths are consistent with past producing mines throughout the Northern Ontario Silver-Cobalt District which once accounted for about 25% of the world’s Silver supply at peak production in the early 1900’s…only the low-hanging fruit was picked along a 160-km-long trend, so multiple new discoveries are possible using modern exploration techniques such as geophysics and CCW’s custom-built downhole camera…what’s particularly significant about CCW’s find is that it occurs immediately adjacent to 3 high-grade past producers that combined for approximately 70 million ounces…it’s quite possible the motherlode could be at depth to the east of those mines…CCW closed at 70 cents Friday, confirming a breakout through Fib. resistance at 65 cents…the company also announced Friday that it has closed its deal, subject to Exchange approval, to acquire the only facility in the region (PolyMet Labs) that combines bullion pouring, bulk sampling, commercial assaying and e-waste processing…this gives CCW multiple revenue streams for 2020 in addition to a planned tailings operation…the Castle Property occupies a rich slice of the Abitibi Greenstone Belt 45 miles southwest of the Macassa Mine Complex, 20 miles south of the Young-Davidson mine and 15 miles east of Pan American Silver’s (PAAS, TSX, NASDAQ) multi-million ounce Juby Gold deposit…

6. The Dow topped 29,000 for the first time Friday but stocks reversed from all-time highs on profit-taking…investors digested slightly weaker-than-expected jobs data to end a volatile week full of geopolitical concerns…for the first full trading week of January, the Dow and TSX both jumped about 200 points while the Venture cooled off slightly by shedding 5 points to 582…a strong new Venture support band stretches from 580 to 560…not surprisingly, the Venture unwound temporarily overbought technical conditions last week after climbing as high as 591…new support appears to have formed at the top of a band between 580 (the 200-day SMA is 578) and 560…with a 5-point loss for the week, the Venture’s 7-week winning streak was snapped but chances are we’ll see a quick resumption of the uptrend…on Friday the Venture bounced nicely off its rising 10-day SMA, currently 579, and rose nearly 5 points to close at 582…the Index should get a boost this week ahead of resource conferences in Vancouver from next Sunday through January 23 (Vancouver Resource Investment Conference plus Roundup)…watch for increased news flow from companies this week ahead of those events…the VRIC, one of the largest of its kind, will be celebrating its 25th anniversary…this milestone year for VRIC will see the event host over 60 keynote speakers, 350 exhibiting companies and 9,000 investors, bringing together a host of experts from the mineral exploration, metals, Oil and gas, and renewable energy sectors…

7.  Kirkland Lake Gold (KL, TSX, NYSE) jumped $2 a share Friday after reporting record production for the 4th quarter and full year 2019…production in Q4 2019 totalled 279,742 ounces, an increase of 21% from 231,217 ounces for the same period in 2018, with the increase driven by record quarterly production at the Fosterville mine…for FY 2019, consolidated production totalled 974,615 ounces, 35% higher than 723,701 for FY 2018…FY 2019 production at Fosterville of 619,366 ounces beat the mine’s guidance of 570,000 to 610,000 ounces…production at Macassa in 2019 totalled 241,297 ounces, in line with guidance of 240,000 to 250,000 ounces…the company’s cash position increased $90 million (U.S.) or 15% during Q4 2019, with total cash and equivalents at December 31, 2019, totalling $705 million (U.S.)…during Q4 2019, $30 million was used to repurchase 727,200 common shares through the company’s normal course issuer bid (NCIB), with an additional $25 million (U.S.) used for a strategic investment (Wallbridge Mining)…for FY 2019, cash and equivalents more than doubled…President and CEO Tony Makuch stated, “Looking at exploration, recently released drill results at Fosterville and Macassa are very encouraging and support our view that these mines are not only among the world’s most profitable operations, they also represent two of the most exciting exploration projects in the Gold industry today.  Also contributing to our organic growth potential is our work in the Northern Territory of Australia, where advanced exploration work is progressing with a goal of resuming commercial operations as early as next month when we release our updated mineral reserve and mineral resource estimates.  Providing additional upside for the future is our recent agreement to acquire Detour Gold, where we see opportunities for substantial value creation through investment in Detour Lake mine’s considerable growth, expansion and exploration potential”

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Be

January 10, 2020

7 @ 7:00

Visit the BMR comments throughout the day for updates and helpful information!

1. Gold has traded between $1,546 and $1,558 so far today…as of 7:00 am Pacific, the yellow metal is up $1 an ounce at $1,553Gold initially firmed up modestly after the release of a slightly weaker-than-expected U.S. jobs report this morning, then quickly gave up those gains, followed by a reversal higher…Gold has a strong new floor at either $1,550 or $1,500, meaning downside risk is limited at current levels…bullion should also start to benefit from traditionally strong buying ahead of Chinese New Year festivities later this month…Silver added 10 cents to $17.96…Palladium hit a new record high of $2,139 this morning…base metals are flat with Copper, Nickel and Zinc at $2.79, $6.35 and $1.08, respectively…Crude Oil has eased off 39 cents to $59.17 while the U.S. Dollar Index is up slightly at 97.50…the expected signing of an interim trade deal between China and the U.S. next week has been giving dollar a boost…the Canadian job market rebounded in December after its worst month since the depths of the financial crisis…a higher-than-expected 35,200 net jobs were created in December, entirely in full-time positions, while the unemployment rate fell to 5.6%, official data showed this morning…Ontario and Quebec led the way…wages for permanent employees rose by 3.8%, Statistics Canada said, lower than the 4.4% gain seen in each of the previous 2 months…

2. U.S. employers added 145,000 jobs in December and unemployment stayed at a 50-year low of 3.5%, capping a 10th straight year of payroll gains (the longest stretch in 80 years of data which points to steady growth heading into 2020)…private-sector wages advanced 2.9% from a year earlier, the smallest annual gain since July 2018…and revisions showed payrolls for November and October were revised down by a net 14,000…for all of last year, the Trump economy added 2.11 million jobs…that was off modestly from 2018’s robust gain of 2.68 million…a cooler pace of hiring reflected employers’ difficulty finding enough workers, global economic uncertainty and the fading effects of 2018’s tax cuts…today’s figures were slightly weaker than expected…economists surveyed by The Wall Street Journal had forecast a gain of 160,000 new jobs in December, a 3.5% unemployment rate and 3.1% annual wage growth…in December, employers added jobs in construction and retail…the health-care and professional-services sectors grew, but at a slower pace…employment fell in manufacturing and transportation and warehousing…the Fed will stay the course with today’s numbers…

3. Was Iran’s launch of surface-to-surface missiles Tuesday against Iraqi bases housing U.S. and coalition troops just a smokescreen for something much bigger and sinister a few hours later, such as a deliberate targeting and downing of Ukrainian Airlines Flight 752 carrying 176 passengers and crew including 63 Canadians?…yes, there were dozens of Iranians on that plane, too, but this rogue regime – the world’s leading sponsor of state terror – thinks nothing of oppressing or even killing its own people for a larger goal…did the Iranians target this particular flight as part of their retaliation for the Soleimani killing because they knew there were no American passengers on board, that killing 63 Canadians, some Brits, Germans, Ukrainians and others would be just as effective and wouldn’t cross President Trump’s “red line” of killing an American?…as stated by the leaders of Canada, Australia and the U.K. yesterday, evidence suggests an Iranian missile brought down that Ukrainian plane, though for now they seem to be giving Iran the benefit of the doubt that this was simply an “accident”…knowing the regime, which denies the plane was brought down by a missile, it’s wiser to assume that Iran carried out this act deliberately…a full and proper investigation needs to be carried out…in the meantime, it’s difficult to imagine that Justin Trudeau will stand up for Canada in this matter like Donald Trump stands up for America…Trump will have his hands full maintaining deterrence with Iran this year – this is not a regime that will easily change its behavior, and it’s also one of the best at “plausible deniability”…continued Iran-U.S./coalition friction will help Gold reach new highs this quarter…

4. There is nothing that some fossil-fuel haters won’t attempt to do in order to carry out their radical agenda, encouraged by certain left-wing politicians who say they will use “every tool in the tool box” to help “save the planet”…tensions are rising further in northern British Columbia after the RCMP opened a criminal investigation after discovering “traps” and gasoline-soaked rags in the blockade by a breakaway First Nations group (these people belong in jail) against the $6.6 billion Coastal GasLink Pipeline…the Financial Post reported this morning that RCMP officers on patrol this week along the pipeline blockade found 3 stacks of tires covered by tarps and trees and were staged along with multiple jugs of gasoline, diesel, Oil and kindling as well as “bags full of fuel-soaked rags”…in a release late yesterday, the police said they had found the tires and fire-starting equipment on the Morice West Forest Service Road, which leads into a Coastal GasLink pipeline work camp…dozens of trees had also been felled along the road and other trees were partially cut, in preparation for felling, which the RCMP said created a dangerous hazard…“These concerning items have been brought to the attention of the Wet’suwet’en Hereditary Chiefs (they say they will defy a B.C. Supreme Court injunction against them).  They have also been advised that the RCMP has entered into a criminal investigation under Section 247 of the Criminal Code for Traps Likely to Cause Bodily Harm,” the release stated…Coastal GasLink, a natural gas pipeline project that stretches from Dawson Creek, B.C. to the under-construction $40 billion LNG Canada project in Kitimat, won an interlocutory court injunction against the protestors in the area and an enforcement order from the Supreme Court of British Columbia last week…the enforcement order gives the RCMP a mandate to get involved…

5. Canada Cobalt (CCW, TSX-V) has closed its deal to acquire the only facility (PolyMet Labs) in the Northern Ontario Silver-Cobalt District that combines bullion pouring, bulk sampling, commercial assaying and e-waste processing…just 90 minutes after that news came out, the stock was halted pending additional news, so it should be an interesting morning…the PolyMet deal, completed at an opportune time in the precious metals cycle, provides Canada Cobalt with multiple immediate and long-term revenue streams and other advantages as a fully integrated leader in Canada’s Silver-Cobalt heartland…the lab and mineral processing facility in the town of Cobalt, within just 50 m of a rail line and just a short distance from CCW’s Castle and Beaver properties, will also become the new home of the company’s environmentally friendly Re-2OX Process…Canada Cobalt’s newly-formed wholly-owned subsidiary, Temiskaming Testing Laboratories Inc. (“TTL“), the original name of this facility when it was launched at the height of the Silver rush in the early 1900’s, and privately-held PolyMet Resources Inc. have entered into a definitive asset purchase agreement pursuant to which CCW, through TTL, has agreed to purchase substantially all of the assets of PolyMet for approximately $340,000 in cash and 700,000 CCW shares with warrants…

6. The Dow is up 29 points through the first 30 minutes of trading as it tries to top the 29,000 level for the first time…yesterday saw record closes for the Dow, S&P 500 and NASDAQ…the TSX is down 16 points, though the Gold Index has rebounded 2 points to 252…the Venture is steady at 578…a strong new Venture support band stretches from 580 to 560Cannabix Technologies (BLO, CSE) has been on a remarkable run this month after ending 2019 at just 36.5 cents…the stock touched $1.09 in early trading this morning…on Tuesday the company announced improvements in a critical component of the company’s FAIMS system as it continues to make headway in developing the Gold standard of marijuana breathalyzers…the Venture, already with too many listings, welcomed 12 new issuers in December compared with 4 in the previous month and 12 in December 2018…the new listings were 6 capital pool companies, 5 mining companies and 1 clean technology company…total financings raised last month increased by 75%, compared with the previous month, and were unchanged from December 2018

7.  Nickel update:  Philippine Nickel production is expected to increase by over 8% a year in the next few years despite policy uncertainty that could limit project development, according to a report issued by Fitch Solutions Macro Research“We expect Philippine production to continue rising over the coming years although high levels of policy uncertainty could constrain project development, posing downside risks to our forecasts.  We forecast Nickel production to average 8.6% year-on-year growth over 2020-2028,” Fitch Solutions said in its industry trend analysis published this week…it said that the Philippines will regain its spot as the mineral’s top producer due to Indonesia’s Nickel ore export ban, which took effect this year…Indonesia hopes to accelerate the establishment of domestic smelters to capture more value than the current practice of exporting ore…the United States Geological Survey said in a report in February that Indonesia produced 560,000 tons of Nickel in 2018, taking the top spot, followed by the Philippines with 340,000 tons…

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

Older Posts »
  • All Posts: