Gold has traded between $1,214 and $1,254 so far today after successfully testing support again at $1,200 to begin the week…as of 9:30 am Pacific, bullion is up $17 an ounce at $1,243…Silver has added 9 cents to $15.35…Copper is up a penny at $2.11…Crude Oil has rebounded, now up 25 cents at $32.12 while the U.S. Dollar Index is off slightly at 97.38 after showing strength earlier in the morning…
Gold continues to outperform Platinum and Silver as the yellow metal benefits from safe-haven flows in 2016, says Commerzbank…the Gold/silver ratio has climbed to over 80, its highest level since December 2008, the bank says. “Gold is also continuing to strengthen relative to Platinum and currently costs nearly $290 per troy ounce more than Platinum.”
Zinc in London jumped to the highest level since October as production cuts tighten global supplies…Zinc has soared more than 20% in about 6 weeks after Glencore and Nyrstar announced production cuts late last year to cope with a slump in prices…the market will have a deficit of 440,000 metric tons this year, according to Mitsui Mining & Smelting Co., the biggest supply shortfall in a decade…that’s obviously bullish for prices…
Oil Update
Oil prices erased their losses in mid-morning as the greenback fell while government data showed a much smaller build in U.S. Crude inventories than an earlier industry report suggested…U.S. Crude stocks rose by 3.5 million barrels in the week ended February 19 to 507.6 million barrels, a record high, while gasoline inventories fell for the first time since November, according to data from the U.S. Energy Information Administration (EIA)…Oil slipped yesterday when Saudi Arabia’s Oil minister disappointed some market participants by dismissing the possibility of a coordinated production cut among large producing nations…
In today’s Morning Musings…
1. Updates on some high-flying Gold stocks…
2. The coming drone deal that could take the CSE by storm…
3. Fresh developments this morning on the medical marijuana front in Canada…
Plus more…to view the rest of today’s Morning Musings, login with your username and password, or click here to gain full access to this and other exclusive BMR content and features…
People,do some research on MTO.v and do it fast.Could be the winner of the summer and it’s still at .07.Don’t look at the share structure.
2.4 million to .095 and the volume is staggering.
Comment by robinandthe7hoods — February 24, 2016 @ 10:38 am
Jon,keep an eye on MTO,you will be writing about it all summer long.The story on this is unbelievable,and still only at .07,but not for long.It’s already more than a double,and worth a whole lot more.
Comment by robinandthe7hoods — February 24, 2016 @ 10:46 am
MTO , I used to trade it over 17 years ago on it way up to .75 , it’s cheap enough at .07 but it has 420m shares outstanding . As gold reestablishes itself as money all gods will do well.
Comment by Lester — February 24, 2016 @ 12:57 pm
Please excuse my imperfections in misspelled and incorrect wording , I should proof read before hitting the submit button. Sometimes time is of the essence.
Comment by Lester — February 24, 2016 @ 1:36 pm
GGI – another NR about more potential, this time Gold at Grizzly South. Just need to see a date for boots on the ground on one of these “high value targets”. well at least we are 3 NRs in 3 wks now
Comment by david — February 24, 2016 @ 3:15 pm
And I believe we’ll get more before pdac david, all that’s going on here and it baffles me it’s at 10 cents, humm!!
Comment by Laddy — February 24, 2016 @ 3:42 pm
Jon, does the NR sound as if GGI is going to drill at the Golden Bear claims next?
Comment by pole — February 24, 2016 @ 3:51 pm
Laddy and David – is this the calm before the storm? Keep the news releases coming Regoci. If they hit a nice gold deposit in Mexico it should do well. It should continue to do even better if results come Grizzly come back favourably.
Comment by George — February 24, 2016 @ 3:51 pm
A 154 g/t Au showing right off the road in a massive sulphide vein, then very elevated gold in soils 1.2 km to SW (1 gm is high for soils) shows there’s some smoke at Grizzly South. Looks like Regoci is getting into a flow that I hope and suspect will really intensify, quickly. It’s about time.
Comment by Jon - BMR — February 24, 2016 @ 3:52 pm
Yes I agree George,I’m hanging tight and being patient, but I must admit it’s tough, but it’s coming, I really think la patilla has to be there next release Jon, they’ve been sitting on those assays for a while now, no?
Comment by Laddy — February 24, 2016 @ 4:12 pm
Be aware all.. the volume on the venture is growing… also the drone business is not about the drones.. its about what you DO with them…
the IP associated with them is where the action is…
Comment by Jeremy — February 24, 2016 @ 4:32 pm
GGI
The problem with GGI is there is never any volume, even when they release news the volume is still low even when it goes down, The last time GGI traded over a million shares was August 2015 when they released news about La Patilla which by the way we are still waiting on the results of those 7 holes that were pending I cannot fiqure out why no one seems to care that they put out a release saying they were going to release news on those 7 holes and they have not done so? Oh Well… no wonder GGI is at 10 cents, any new investors looking at this company and doing any DD can plainly see Regoci is all talk over the last 1.5 yrs, he may have delivered before that but he has not done anything for the share price and I will keep saying it until he starts promoting no one is going to notice, especially now that the gold price is going up and there are several companies out there that are producing results… investors will have a lot more choice to place their money.
Comment by GREGH — February 24, 2016 @ 4:34 pm
Jon – where did you come up with that 154 g/t, I did not see that in the NR, or did I miss it.
Comment by dave — February 24, 2016 @ 4:50 pm
GREGH – you have a good point. A lot of money is flowing into stocks like bgm,clz,ssp,mto, and so on.
You also have 2 stocks that are going to have a lot of gold in their reserve or actually producing with revenue. eqt and lad. transferred papers to them almost complete.
Things are picking up, but I still feel that the right NR will get GGI going. I don’t think tonight’s is the one, but I bet its coming.
Keep an eye on EQT, thank me later.
Comment by dave — February 24, 2016 @ 4:59 pm
GREGH , eventually people will catch on and see the value, the smart ones have been buying the lows . The Sheslay ares is pregnant with very rich mineral find. This whole C Day incident is about getting a piece of the pie and has sweet bugger all to do with Indian burial grounds and blocking the creeks for the fishes , the agreement the Tahltan reached with Red Chris proves it.
Comment by Lester — February 24, 2016 @ 4:59 pm
It’s in the B.C. Minfiles, Dave. Grizzly South does appear to be different in its mineralization type/style. The gold rich 8-metre vein assayed as high as 154 g/t Au over half a meter, with additional high-grade kicks within the 8-meter section, found during the road construction in late 1980’s. Now to the southwest, about 1.2 km away, they have confirmed nice gold numbers in the soil (1 gram is a high # for soils). Some extensive trenching would be a good idea, I’m sure that’s what they plan on doing to help define a drill target. A lot of geos will put heavy emphasis on geochem – there’s likely something going on there that would produce the massive sulfide vein and then the gold in the soils more than a km away.
Comment by Jon - BMR — February 24, 2016 @ 5:04 pm
It didn’t say anything of consequence at this point in time and again…it was released after hours.
Comment by robinandthe7hoods — February 24, 2016 @ 5:21 pm
Thanks Jon, GGI has enormous potential. Lets see what 2016 rolls out.
Comment by dave — February 24, 2016 @ 5:48 pm
Drilling, as always, is key, Dave. Action on the ground. Next up is Rambo, next week I’m betting, and Regoci really needs to hit the sweet spot. He has brought in Ray Roripaugh, of Don Ese fame, to do it. He’s a wily veteran geo, in his early 70’s. Knows his stuff. If he still has his Don Ese magic, then Rambo could be the immediate catalyst that sends this stock north in a major way. This target would have been drilled earlier if it weren’t for the politics related to the adjoining claims/mining operation.
Comment by Jon - BMR — February 24, 2016 @ 6:40 pm
Jon could you comment on why the results from la patilla have not been released. Do they not have them?
Comment by George — February 24, 2016 @ 6:46 pm
George, my thinking on that is that GGI got caught up in a truly extraordinary situation last summer with the Grizzly/Sheslay district that lasted through the year, and obviously into the early part of this year. So I don’t think it should be a surprise that there was no news on anything other than the Grizzly during that time. Now it’s late February, and everything is starting to flow. Results from La Patilla were delayed in 2014 as well and turned out to be excellent. The same could be true now. Regoci’s good fortune is that La Patilla numbers will mean more to the market now than they would have late last year when all attention was on the Grizzly and gold prices were in the tank. So he may not be such a bad promoter after all. Rambo drilling, La Patilla news, stellar magnesium oxide grades from Ultra 1 + Grizzly follow-up in a market triple play for a magnificent March. Let’s hope.
Comment by Jon - BMR — February 24, 2016 @ 7:22 pm
Some nice results from Richmont this morning as drilling continues around the Island Gold Mine, including 12 m @ 28.75 g/t Au (uncut) in deep drilling below the main deposit. High-grade intercepts to the east of the main deposit as well.
Comment by Jon - BMR — February 25, 2016 @ 6:04 am
anyone have any comments on PHM and CXV???
Comment by Jeremy — February 25, 2016 @ 7:00 am
Can anyone direct me to the info regarding DBVs conference call? Can’t find the comments from previous posts. Want to see where we sit and what the plan is going forward. I’ve called Farshad but he didn’t return my call as he promised and won’t return messages. I realize he’s busy but you’d think he also has some obligation to his shareholders…time to get something going here.
Comment by ChetBaker — February 25, 2016 @ 7:16 am
DBV – fwiw – January 27, 2016 Post# 24497468 – Stockhouse website
Comment by david — February 25, 2016 @ 8:22 am
ChetBaker copy and save . Things are progressing albeit slower than we would like.
DBV – To those interested, here are some of the things discussed in the conference call with Farshad on January 14th 2016 :
• They have about 200,000$ worth of drilling material right on the property.
• They found a 75m trench 350m south of H-24. A soil sample at the bottom of the trench showed that it is mineralized right on the surface, which should have a huge effect on the evaluation of the project.
• About 50m of the bottom of H-25 couldn’t be cut and sent to the lab because of the cold weather which caused the machines to break.
• H-24 and H-25 passed the visual test, meaning they saw mineralization of chalcopyrite in both of them. Their significance regarding grades are still unknown, but they are significant in the sense that they are part of a system which is 1km away from the Lisle Zone. Everyone at DBV currently believe they are part of the same system as the Lisle Zone, which would make it’s length at least 1.5km.
• Other future targets : North of H-23, between H-6 and H-24 (infill), between H-6 and H-12 (infill). Infill drillings intend to prove the systems are connected.
• Farshad says they don’t need money for drilling, though he can’t disclose how they’re gonna do it at the moment. Say they’re gonna go drilling without financing and no debt.
• Currently working on arrangements that can be game changers. Substantial cost savers for the drilling project at the Hat. Says it could bring the drilling costs down by 80%. Says 99% is done already. He’s hoping to disclose in in the next 2 weeks through NR.
• Planning to accelerate drilling by adding a new rig on-site. Says he’s in a position to do it, without needing to do a financing.
• Planning to do 30 to 40 holes in the next 4-5 months, with the intention of putting together datas about volume with the ultimate goal of doing a ressource calculation.
• Short-plan for drilling is dependant on the weather. Hoping to get moving at the beginning of February.
• Expecting to do a 43-101 at the end of the year.
• Metal content in the deposit : Gold is first, Copper is huge, Silver is there, no Molybdenum, a little Cobalt, no Nickel.
• Are not planning on issuing new shares at the moment.
• Farshad has 14.5M shares.
• Dr. Razique is back in DBV. Moved to GGI for just a few days because they needed someone and he needed money.
• Expecting a few news releases even before the drilling starts, which are going to be material. Once they get drilling, expecting NR every 2 to 3 weeks.
• Results turnaround is 3 weeks unrushed, and 2 weeks rushed.
Comment by NickB — January 25, 2016 @ 11:28 am
Comment by Lester — February 25, 2016 @ 8:50 am
I hope for the sake of those who own DBV that they see the light at the end of the tunnel and things work out for them. Regarding the conference call it seemed overly optimistic and obviously was because how many of those points actually make to fruition to this point? Farshad is a large shareholder and im sure would like to get this going….not sure what he is working on, financing? drilling plan?…
Comment by George — February 25, 2016 @ 9:12 am
ChetBaker , the news releases have been few and far between , I believe the court decision was a curve ball Farshad has to deal with and he can’t be in two places at the same time. That new drilling equipment takes time to get to site and most likely has to be choppered in from the drop off point. Farshad Shirvani is pretty much a one man operation except for the geological team , but never ever count him out. The people that dumped their DBV shares recently to chase the latest hot stuff will be kicking themselves as DBV adds to the 25 holes of mineralization . GGI has an old trench on their new added property that everyone is excited about . DBV also discovered an old trench late last year done before it became DBV property and it is a new added priority to the drill list this year.
Comment by Lester — February 25, 2016 @ 9:47 am
Farshad said he doesn’t need money and will not need to do financing, can you explain why?
Comment by Sameer — February 25, 2016 @ 10:11 am
Sameer that is what Farshad promised an upcoming news release will tell us. At the time of the conference call he said the dal for funding was 99% complete. We will hear when the time is right. All I can do is guess at this point how he plans to fund without issuing shares or obtaining a loan and that would serve no purpose.
Comment by Jamie — February 25, 2016 @ 11:16 am