August « 2019 « BullMarketRun.com

The Template For The Next 10% Stake In Garibaldi Resources

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

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

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August 26, 2019

Sizzler Report!

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7 @ 7:00

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1. Gold pushed to a new 6.5-year high overnight, touching $1,545 an ounce, while Silver hit a fresh 2-year high…as of 7:00 am Pacific, bullion is up $7 an ounce at $1,534…holdings of SPDR Gold Trust, the world’s largest Gold-backed ETF, rose another 0.6% to 859.83 tonnes on Friday…Silver has added 27 cents to $17.66, eclipsing key resistance in the $17.20’s…the Gold-Silver ratio appears to have peaked recently, a bullish technical development for Silver…Nickel is up a penny at $7.14…Copper is 2 cents higher at $2.56 while Zinc is steady at $1.01…Crude Oil has added 64 cents a barrel to $54.81 while the U.S. Dollar Index has rebounded one-third of a point to 97.95…orders for long-lasting U.S. factory goods were up 2.1% in July, beating expectations…market consensus was calling for a 1.1% increase…China’s yuan fell to an 11-year low in the onshore market and a record low offshore today after the latest escalation in the U.S.-China trade battle Friday rattled investor confidence…some analysts are speculating that China could weaponize the currency against Trump, and let the yuan depreciate further to ease tariff pains…however, significant currency depreciation runs the risk of spurring more capital outflows in China…

2. President Trump says the prospects for a deal with China are better now than at any time since negotiations began last year…speaking at the Group of 7 meetings in Biarritz, France, Trump said last night that China called “our trade people and said let’s get back to the table”…he also lauded President Xi Jinping as a “great leader” and said “anything’s possible” when asked if he would delay tariff increases on China…“You can say we’re having very meaningful talks, much more meaningful than I would say at any time frankly,” Trump said while meeting with German Chancellor Angela Merkel today…“Maybe I’m wrong but we’re in a stronger position now to do a deal, a fair deal for everyone,” he added…the trade battle is taking place against a backdrop of softening global economic growth…Germany’s manufacturing sector is contracting while China’s economy grew at its slowest pace in nearly 3 decades in the 2nd quarter…Fed Chairman Jerome Powell said Friday the central bank will “act as appropriate” to sustain the current U.S. economic expansion, which is the longest in history…however, Powell failed to clearly signal that another rate cut was imminent in September…however, traders are convinced the Fed will make another quarter point cut…

3. Zhaojin Mining, one of China’s biggest Gold miners, aims to double production of the precious metal as early as 2024 on the back of overseas acquisitions and may look for deals below $500 million, the head of its international arm says…Shandong-based Zhaojin currently produces around 650,000 ounces a year of Gold…“Our target in the next 5 to 8 years is 1.3 million ounces per annum from China and global projects,” stated Leo Zhao, managing director of Zhaojin, noting that half of that output would be from overseas, versus almost zero at present…China’s miners, the traditional drivers of M&A in the Gold sector, have made no overseas Gold mine acquisitions so far in 2019, according to Refinitiv Eikon data…however, Zhaojin earlier this month agreed to set up a joint venture with Australia-based PCF Capital Group that will identify potential M&A opportunities there…“Our priority is Australia,” Zhao told Reuters in an interview, adding that his firm was setting up an office in Perth…“We are looking for M&A opportunities in Australia, as well as in Canada but the problem in Canada is the political tension” with China, he explained…

4. Eric Sprott jumps into Dolly Varden Silver (DV, TSX-V): Dolly Varden pushed higher at the open on news of a $3.5 million hard dollar and flow-through financing (30 cents and 35 cents, respectively) that includes Eric Sprott…“We are very pleased to welcome Mr. Eric Sprott as a strategic investor in Dolly Varden,” stated President and CEO Gary Cope…“The significant investment from Mr. Sprott is a strong endorsement of our high grade Silver assets in the Golden Triangle. This financing puts us in a very strong financial position and allows the company to continue expanding its Silver mineral resource with new high-grade Silver discoveries on the property”...Dolly Varden has recently been reporting solid results from drilling at its Chance target, 4 km north of the Torbrit deposit…Eric Sprott is a billionaire for a reason…despite a sluggish overall junior resource market, he has been very aggressive in recent months at accumulating significant equity positions focused on Silver and Gold…

5. The Dow has rebounded 206 points through the first 30 minutes of trading after Friday’s drubbing…owning shares of Facebook, Amazon, Apple, Netflix and Google parent Alphabet (the FAANG stocks) has given investors little upside over the past 12 months, depriving the long-running bull market of one of its biggest drivers…all the stocks, with the exception of Alphabet, peaked last year and remain well below their records after a brutal selloff last fall wiped out billions of dollars in market value…the shares have struggled to reclaim their highs, despite a sharp rebound in the 1st half of the year, a trend that is mirrored in the S&P 500 and other major indexes…in Toronto, the TSX has jumped 111 points with the Gold Index touching a new 3-year high of 263…the TSX faces the possibility of only its 2nd monthly loss this year amid a continued slump in the Canadian Oil sector and other factors…more than 60% of companies listed on the benchmark have posted declines this month…the Venture has gained 4 points to 586 as a traditional late August rally intensifies…key resistance is 600…DynaCert (DYA, TSX-V) is a volume and price gain leader in early trading after announcing that it has obtained European approval of its Hydrogen Technology…the New Jersey Division of Gaming Enforcement has granted theScore (SCR, TSX-V) approval to proceed with the full implementation of its mobile sports wagering applications in the state, following the successful completion of its regulatory “soft-launch” period…SCR has added 3 cents to 65 cents through the first 30 minutes of trading…SunMetals (SUNM, TSX-V) is under pressure after releasing a mixed bag of drill results from its Stardust Property in north-central British Columbia…the highlight was 86.4 m grading 3% CuEq (1.65% Cu, 1.56 g/t Au, 28.8 g/t Ag and 0.28% Zn) in DDH19-SD-437, the first hole to be drilled north of last year’s discovery hole SD-421…drilling continues with 2 rigs (nearly 6,000 m have been completed) with the 14th and 15th holes of this year’s program in progress…Blue Moon (MOON, TSX-V) was halted pre-market, pending news…the company has been searching for a partner to help develop its promising Zinc-Gold-Silver-Copper-rich VMS deposit in Mariposa County, California…2018 drilling produced the best result ever at the property, 30 feet (9.35 m) of massive sulphide mineralization in the last hole (BMZ-78) grading 30.3% Zn, 1.7% Cu, 1.7 g/t Au and 71 g/t Ag…MOON last traded at just 2.5 cents and clearly appears to have found a bottom…

6. Beyond Meat (BYND, NASDAQ) has another high-profile fast-food partner – KFC – to help the faux meat maker tackle a plant-based substitute for a different major protein source: chicken…KFC will test plant-based nuggets and boneless wings at one of its Atlanta restaurants this week…the location will offer complimentary samples to customers who purchase other items…“Customer feedback from the Atlanta test will be considered as KFC evaluates a broader test or potential national rollout,” KFC said in a statement…Beyond Meat is rapidly appearing on restaurant menus across the U.S. and Canada as plant-based meat substitutes rise in popularity and chains like Dunkin’, Tim Hortons and Carl’s Jr. seek to lure in new diners…until now, Beyond Meat’s major restaurant partnerships have been limited to burger, sausage and ground-beef substitutes, although the company is also working on bacon…BYND has bounced off an August low of $136 and is now trading around the $150 level, well below its $239 high last month in the run-up after a hugely successful IPO…

7. The values that Americans say define the national character are changing, as younger generations rate patriotism, religion and having children as considerably less important to them than did young people 2 decades ago, a new Wall Street Journal/NBC News survey finds…the poll is the latest sign of difficulties the 2020 Presidential candidates will likely face in crafting a unifying message for a country divided over personal principles and views of an increasingly diverse society…when the WSJ/NBC News survey asked Americans 21 years ago to say which values were most important to them, strong majorities picked the principles of hard work, patriotism, commitment to religion and the goal of having children…some 61% in the new survey cited patriotism as very important to them, down 9 percentage points from 1998, while 50% cited religion, down 12 points…some 43% placed a high value on having children, down 16 points from 1998…the differing opinions between 2019 and 1998 are more stark when broken down into demographic groups…among people 55 and older, for example, nearly 80% said patriotism was very important, compared with 42% of those ages 18–38 – the millennial generation and older members of Gen-Z…two-thirds of the 55+ group cited religion as very important, compared with fewer than one-third of the younger group (climate change, of course, is the new religion for them and keeps them focused on the created, not the Creator)…“There’s an emerging America where issues like children, religion and patriotism are far less important. And in America, it’s the emerging generation that calls the shots about where the country is headed,” said Republican pollster Bill McInturff, who conducted the survey with Democratic pollster Jeff Horwitt…

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August 25, 2019

BMR Evening Alert!

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August 24, 2019

The Week In Review And A Look Ahead!

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August 23, 2019

7 @ 7:00

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1. Gold has traded between $1,493 and $1,510 so far today…as of 7:00 am Pacific, bullion has climbed $9 an ounce to $1,506 – accelerating to the upside in recent minutes as investors digest comments this morning from Fed Chairman Jerome Powell at the central bankers’ symposium at Jackson Hole…indicative of sentiment, holdings of SPDR Gold Trust have increased by about 27 tonnes so far this month…Silver has addd 8 cents to $17.08…key resistance is in the $17.20’s…the Gold-Silver ratio appears to have peaked recently, a technical development that is very bullish for Silver which should start to outpace Gold as both metals continue their primary uptrends over the next 12 months…Nickel is up 4 cents at $7.16 while Copper and Zinc are both relatively unchanged at $2.56 and $1.02, respectively…Cobalt is steady at $14.29…Crude Oil has fallen more than $1 a barrel, below $54, while the U.S. Dollar Index has slipped one-fifth of a point as it backs off below the 98 mark…President Trump again ripped into Fed Chairman Powell this morning, questioning whether he is a “bigger enemy” to the United States than Chinese President Xi Jinping…“As usual, the Fed did NOTHING!,” Trump tweeted…“It is incredible that they can ‘speak’ without knowing or asking what I am doing, which will be announced shortly. We have a very strong dollar and a very weak Fed. I will work ‘brilliantly’ with both, and the U.S. will do great”…the President didn’t stop there, tweeting soon after that “Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA”…if it’s Trump plan to really force the Fed’s hand, while also maximizing leverage against China, the strategy may work…Gold will love it but Wall Street may get increasingly nervous…

2. Fed Chairman Powell repeated his pledge this morning to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow…Powell, while not saying specifically where he thought rates should go, promised that the Fed “will act as appropriate to sustain the expansion”, a phrase he has used several times in the recent past…Powell also said in his annual remarks at the central bank’s Jackson Hole symposium that the “economy is close to both goals” of the Fed’s dual mandate of full employment and price stability…“Our challenge now is to do what monetary policy can do to sustain the expansion so that the benefits of the strong jobs market extend to more of those still left behind, and so that inflation is centered firmly around 2%”…with low Oil prices and a high U.S. dollar, it’s clear the Fed has no inflationary problems to deal with anytime soon…in fact, the central bank has been consistently over-estimating inflation for years now…Powell also outlined the new challenges the Fed faces due to trade battles and indicated that there are “no recent precedents to guide any policy response to the current situation. While monetary policy is a powerful tool that works to support consumer spending, business investment, and public confidence, it cannot provide a settled rulebook for international trade,” he added…“We can, however, try to look through what may be passing events, focus on how trade developments are affecting the outlook, and adjust policy to promote our objectives”…he did say the Fed is looking at ways to address developments in a landscape that has changed significantly since the expansion began a decade ago…“We are examining the monetary policy tools we have used both in calm times and in crisis, and we are asking whether we should expand our toolkit,” he said…

3. China will impose tariffs on $75 billion worth of U.S. products to retaliate against U.S. moves to slap punitive tariffs on an additional $300 billion of Chinese goods…China’s cabinet said today that it will impose tariffs of 5% and 10% on what amounts to roughly the remaining U.S. imports it has yet to imposes punitive taxes on…it said it will also impose tariffs on U.S. vehicles and car parts, instead of holding off on such a plan…Chinese tariffs on $75 billion in U.S. goods will be imposed in 2 batches, on September 1 and December 15, the same dates U.S. tariffs go into effect…Chinese tariffs on U.S. auto goods will start December 15, according to the nation’s cabinet…after President Trump announced his plans for fresh tariffs at the the start of the month, Beijing responded by officially announcing the freezing of purchases of U.S. agricultural products and letting its currency drop to its lowest level in a decade…a weaker yuan makes Chinese exports cheaper…

4. One of the best-performing hedge funds just made Gold its top holding as it increased its investment in SPDR Gold Trust by 180%, totaling $38 million by the end of Q2, according to the latest regulatory filings…Sandler Capital Management is known as one of the top performers this year after nearly doubling the year-to-date gains for the S&P 500, reported CNBC, citing Symmetric.io — a hedge-fund tracking firm…now, Sandler, which has $2.1 billion regulatory assets under management, is doubling down on Gold…this could be a sign that the hedge fund sees more market volatility ahead as recession fears take the center stage again…Sandler’s move into Gold was made right when the summer Gold rally was just beginning…the yellow metal surprised the markets by rising from $1,300 an ounce to above $1,500 an ounce, hitting fresh 6-year highs earlier this month…a couple of weeks later, Gold is still above the important $1,500 level…in light of global growth fears and swelling negative-yielding debt, Gold has become one of the top hedge investment choices against risk, with even billionaire hedge fund owner Mark Mobius advising investors to buy the precious metal at any level…“Gold’s long-term prospect is up, up and up, and the reason why I say is that is money supply is up, up and up,” Mobius told Bloomberg in an interview this week…“I think you have to be buying at any level, frankly”…

5. The last operating high-grade Silver mine in the prolific Northern Ontario Silver/Cobalt Camp is going to grab some major attention in the months ahead as plans laid out by Canada Cobalt (CCW, TSX-V) come to fruition…this morning, the company announced an above-market hard dollar private placement with strategic investors for $500,000…proceeds will go toward the start of a Phase 2 underground drill program commencing in September, surface site preparation/development for other initiatives (company is targeting near-term production of a tailings operation that could be game-changing for the district), as well as regional exploration and CCW’s proprietary Re-2OX program…Phase 1 drill results released earlier this year included exceptionally high Silver and Cobalt grades from the first level of the Castle mine and revealed areas overlooked by historical explorers that show potential to host very-high-grade shoots of Silver and Cobalt mineralization, mixed with occasional Nickel and Gold, that may extend to considerable depths outside of historical drilling or workings…the proposed tailings program would be a simple, cost-effective operation where the coarse stamp mill tailings from historical mining would be pumped over a distance of just 300 m down the #3 Shaft where a high-grade concentrate would be created from a series of spiral concentrators already in place…a near-surface glory hole drilled by Agnico Eagle (AEM, TSX) in the late 1970’s cut a wide vein of rich Silver that led to a 10-year production run that ended not due of a depletion of ore, but a collapse in Silver prices and local and provincial political factors…

6. New massive sulphide discovery looming in the Eskay Camp?…Etruscus Resources (ETR, CSE) announced this morning that crews are mobilizing for the start of its Phase 1 drill program at the Rock & Roll Project, 7 km northeast of the Snip mine on the low elevation western side of the Camp…this follows confirmation of a number of relatively shallow geophysical targets considered highly prospective for additional volcanogenic massive sulphide (VMS) discoveries…2,500 m of Phase 1 drilling is targeting additional Silver-Gold-Copper-Zinc-rich VMS-style mineralization near the Black Dog deposit which was discovered 3 decades ago but has never been systematically followed up on until now…Dr. Jules Lajoie, who for the past 2 years has enjoyed a 100% success rate with massive sulphide drill targets from downhole geophysics at Garibaldi Resources‘ (GGI, TSX-V) Nickel Mountain discovery, has outlined several high priority near-surface conductors over a triangle-shaped area covering approximately 3 sq. km adjacent to the historic Black Dog deposit…Lajoie’s geophysical reinterpretations, supported by new data regarding the physical properties of the rocks in the area, have changed 30 years of geological thinking with respect to the Rock ‘N Roll Project…ETR has less than 20 million shares outstanding for a current market cap of only $7 million, the lowest of any junior in the district…

7. The Dow is off just 20 points through the first 30 minutes of trading but could be volatile today depending on events out of Jackson Hole (and tweets from the President)…in Toronto, the TSX is up 8 points with strength in the Gold index…Eskay Camp big boys Pretium Resources (PVG, TSX) and Seabridge Gold (SEA, TSX) are marching toward new highs…Pretium is clearly a potential takeover target in the current Gold environment, but that’s not likely the only company in the Eskay Camp on the radar screens of majors at the moment…the Venture, which has had a good week, is up 1 point at 579…historically, August has been a volatile month for the Venture but it has ended on a strong note in 14 out of the past 15 years…no reason why that trend won’t continue this time around…TC Energy’s (TRP, TSX, NYSE) long-delayed Keystone XL Oil pipeline has cleared a significant legal hurdle as the Nebraska Supreme Court has ruled that regulators’ approval of the conduit’s route through the state was valid…the court found there was sufficient evidence to support the Nebraska Public Service Commission’s decision that an alternative route for the pipeline was in the public interest, according to a ruling released this morning…the ruling removes a key roadblock to construction of the $8 billion (U.S.) pipeline, critical to Alberta, which has been on the drawing board for a decade…but challenges remain…the project is still tied up in a legal battle in Montana over its Army Corps of Engineers permits, and TC Energy said it has missed the window for starting major construction this year…the company has yet to officially declare it will build the pipeline…

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Comments (10)

August 22, 2019

7 @ 7:00

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

1. Gold has traded between $1,492 and $1,505 so far today…as of 7:00 am Pacific, bullion is unchanged at $1,502…holdings of SPDR Gold Trust, the world’s largest Gold-backed exchange-traded fund, rose 0.8% to 851.91 tonnes yesterday…Silver is also flat at $17.08 with key resistance in the $17.20’s…the Gold-Silver ratio appears to have peaked recently, a technical development that is very bullish for Silver which should start to outpace Gold as both metals continue their primary uptrends over the next 12 months…Nickel has fallen 7 cents to $7.12 while Copper and Zinc are both unchanged at $2.57 and $1.02, respectively…Cobalt is steady at $14.29…Crude Oil has added 19 cents to $55.87 while the U.S. Dollar Index has retreated one-fifth of a point to 98.11…U.S. manufacturing growth slowed to its lowest in almost 10 years this month, the latest sign that the U.S. is feeling the affects of a slowdown in global growth…the U.S. manufacturing PMI (Purchasing Managers Index) was 49.9 in August, down from 50.4 in July and below the neutral 50.0 threshold for the first time since September 2009, according to data just released by IHS Markit…PMI surveys from Australia and the euro zone were also downbeat today…the euro zone PMI came in at 47.0 in August…Germany, the workhorse for the euro zone, saw its manufacturing PMI at only 43.6 in August…

2. Amid market volatility, escalating trade tensions, the threat of a global currency war, and slowing global growth, a group of central bankers has gathered in Jackson Hole, Wyoming, for the 2019 Economic Symposium hosted by the Kansas City Federal Reserve…the meeting, which continues through Saturday, is the first time that investors, economists, citizens, and even the President of the United States will hear Fed Chairman Jerome Powell speak since the July FOMC meeting where he delivered the first interest rate cut since the Great Recession…Powell talks tomorrow in a much-anticipated address…Philadelphia Fed President Patrick Harker and Dallas Fed President Robert Kaplan are both set to comment on the U.S. economy later today…

3. European central bank policymakers are concerned that growth is even weaker than earlier thought and a package of measures may be the best way to combat the slowdown, the accounts of the July 25 meeting showed today…with growth and inflation slowing for months, ECB President Mario Draghi has all but promised more stimulus as soon as September and a steady flow of dismal data since the meeting has only reinforced the case for more support…the accounts of the meeting showed options on the table for the ECB include a combination of a rate cuts, asset purchases and changes in the guidance on interest rates…“The view was expressed that the various options should be seen as a package, i.e. a combination of instruments with significant complementarities and synergies,” the ECB said…“Experience has showed that a package – such as the combination of rate cuts and asset purchases – was more effective than a sequence of selective actions”…

4. After topping $100 billion in Gold reserves in June, Russia purchased another 300,000 ounces or 9 tons of Gold in July, according to the latest data released by the Russian central bank…the total amount of Gold reserves rose 0.4% in the past month, reaching 71.3 million ounces or 2,218 tons as of August 1, compared to 71 million ounces or 2,208 tons as of July 1…the total value increased by 1.6%, rising to $101.9 billion, the central bank said…Russia has bought a total of 3.4 million ounces or 106 tons of Gold this year, adding substantial amounts each month…the country’s central bank bought 600,000 ounces in June, 200,000 ounces in May, 550,000 ounces in April, 600,000 ounces in March, 1 million ounces in February, and 200,000 ounces in January…during the last decade, Russia’s Gold reserves have gone from 2% to 19% as of the end of 2018 Q4, according to the World Gold Council’s (WGC) data…the WGC has been pointing to an overarching trend towards Gold, noting that central banks around the world purchased a total of 651.5 tonnes of Gold last year — the largest amount since 1971…that total is on track to be exceeded in 2019…

5. The Gold market appears to be taking a temporary breather as it holds critical support above $1,500 an ounce…however, market analysts at the World Gold Council say that the factors that drove Gold prices to a 6-year high are not going away anytime soon…at the start of the month, the WGC said that physical Gold demand hit its highest level in 3 years in the 2nd quarter thanks to continued unprecedented demand from central banks and growing investor appetite for safe-haven assets…the WGC also noted this month that holdings in global Gold-backed exchange traded products hit a 6-year high in July…“One of the strengths of the Gold market this year is that it isn’t reliant on inflows in any one area,” stated Alistair Hewitt, director of the WGC’s market intelligence group, in an interview with Kitco...”We are seeing inflows from the U.S., U.K. and Germany and the drivers in each of those markets are subtly different”…looking at the official Gold sector, Hewitt said that there is no reason to expect central banks to ease up on their Gold purchases anytime soon…WGC research noted that 9 central banks bought Gold in the 1st half of 2019…“We’ve seen an incredible year of central bank demand and that has been a significant positive factor for me,” he said…“Two years ago the only central banks that bought Gold were Russia, Turkey and Kazakhstan, and now you have seen just so many more central banks buying Gold“…

6. The Dow is 132 points higher through the first 30 minutes of trading…results from Nordstrom (JWN, NYSE) and Dick’s Sporting Goods (DKS, NYSE) have added to a strong batch of retail earnings…in Toronto, the TSX is up 14 points…exactly 2 years after its debut, CannTrust Holdings (TRST, TSX) has fallen beneath its listing price of $2.50…the embattled pot company has lost two-thirds of its value since early July when it revealed it had broken Canadian regulations by growing cannabis in unlicensed areas of its greenhouse in Pelham, Ontario…the negative headlines have mounted since then…the Venture is up 2 points at 578…historically, August has been a volatile month for the Venture but it has ended on a strong note in 14 out of the past 15 years…no reason why that trend won’t continue this time around…Bonterra Resources (BTR, TSX-V), which closed a $32 million private placement earlier this week, is up 7 cents at $2.42…Kirkland Lake Gold (KL, TSX) added 2 million Bonterra shares to its holdings in that financing and now owns 11.32% of BTR’s currently issued outstanding shares on a non-diluted basis…Amex Gold (AMX, TSX-V) is off slightly at 91 cents in early trading after releasing a general update on progress at its Perron Project near Rouyn-Noranda…1 drill is dedicated to the Eastern Gold Zone (EGZ) at the moment, though other areas are in play as well…Amex is currently drilling deeper targets at the EGZ with a goal of intersecting the Low Grade Zone(s) as well as the High Grade Zone at EGZ with most drill holes…recent drilling (hole PE-19-37ext and PE-19–83) suggests the Low Grade Zone is increasing in grade and width and appears to be coming closer to the high-grade zone with depth and may potentially merge…the company also plans to complete wildcat drilling along strike with the objective of possibly identifying additional lenses of mineralization similar to the EGZ…several drill holes are currently in the lab and assays are pending…

7. Construction (finally!) is poised to restart on the Trans Mountain pipeline expansion…Trans Mountain Corp. announced yesterday that by the end of the year, 4,200 people would be working on the pipeline project – jobs, of course, that climate change extremists were hoping to kill…Trans Mountain predicts the project will be in service, delivering 590,000 barrels of Oil per day from Alberta to the West Coast, by the middle of 2022…“Clearly this project has been subjected to numerous delays and setbacks over the past several years,” Trans Mountain President and CEO Ian Anderson said in a release…“With today’s announcement on the commencement of construction, I firmly believe that we are finally able to start delivering the significant national and regional benefits we have always committed to”…unless, of course, wacky Oil-hating environmentalists and politicians get in the way again…

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