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December 7, 2019

The Week In Review And A Look Ahead!

Don’t procrastinate this month when it comes to bargain shopping for your favorite junior resource and mining stocks.

The Venture has posted gains in 10 out of the past 13 sessions, highly unusual for this time of the year and an indication that December 2019 will be much different than most Decembers this decade that featured significant weakness during the first 2 or 3 weeks of the month before a strong seasonal rally kicked in.

Going back 15 years to 2004, the low for December has occurred within the first 8 days of the month 40% of the time (2004, 2005, 2008, 2009, 2010 and 2017).  Significantly, the percentage gain from the December low to the January high those years averaged a whopping 18%.  

Learn more in today’s Week In Review And A Look Ahead!

BMR subscribers have enjoyed market-trouncing returns through our boots-on-the-ground research and unbeatable technical and fundamental analysis of speculative niche sectors.

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Daniel’s Den

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December 6, 2019

7 @ 7:00

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

1. Gold has traded between $1,481 and $1,460 so far today…as of 7:00 am Pacific, the yellow metal is off $14 an ounce at $1,461 on a knee-jerk reaction to a very strong U.S. jobs report…meanwhile, White House economic adviser Larry Kudlow just told CNBC that a U.S.-China Phase 1 trade deal is “close” as “intense” discussions continue, but President Trump is prepared to “walk away” if some conditions are not met…Silver is also under temporary pressure, off 33 cents at $16.60…the TSX Gold Index, however, is holding up relatively well, down less than 3 points at 245.18TD on Gold: “Loss-aversion will be a growing theme next year because real rates are subdued around the developed world, which will drive capital towards ‘safe assets’, which are scarce.  CTAs are eyeing a break north of $1,500/oz to add to their length.  We suspect that a break north of this range would kick-start the next leg of the yellow metal’s rally”...Palladium also looks good in the new year with prices potentially heading to $2,000, according to TD“Palladium continues to make new all-time highs as the ‘ESG’ trend is gathering steam, and will result in increasing emissions controls across the globe – 2020 will be the year in which the largest number of emissions legislation changes will be adopted, which will continue to increase loadings”…base metals are up modestly this morning…Nickel has added 3 cents to $6.05, Copper is 2 cents higher at $2.67 while Zinc is up slightly at $1.02…Cobalt remains unchanged at $16.10…Crude Oil is pushing to the upside, gaining nearly $1 a barrel to $59.38 on news that energy ministers from some of the world’s largest Oil producers have agreed to deepen recurring production cuts by an additional 500,000 barrels a day through March 2020…the Dollar Index has rebounded one-quarter of a point to 97.64…there are at least 2 Democrats in the U.S. House of Representatives with common sense…Rep. Jeff Van Drew of New Jersey says he plans to vote against all the articles of the Trump impeachment “unless there’s something that I haven’t seen, haven’t heard before”…he‘s warning Democrats to “be careful what you wish for” and he added that impeachment “is tearing the nation apart”…meanwhile, Minnesota Rep. Collin Peterson will also be voting against impeachment…“I don’t have an idea what they’re doing,” he said…House leader Nancy Pelosi, pushed by the radical far left in her party, is taking the Democrats on a suicide mission…more than 30 House Democrats in pro-Trump districts are in serious danger of being defeated next November as the House potentially flips from the Democrats to Republicans…

2. The Trump economy, unlike its Canadian counterpart weighed down by Trudeau’s anti-growth policies, was a job-creation machine in the month of November as non-farm payrolls surged to 266,000 while the unemployment rate fell to 3.5%, according to Labor Department data released this morning…those totals easily beat the Wall Street consensus…jobs growth was the best since January…the return of GM workers following a lengthy strike certainly helped, but even if you stripped that out of the equation the jobs gain was still well above 200,000…meanwhile, wages advanced a respectable 3.1% from a year earlier, slightly down from the prior month’s pace…the wage gains easily outpace tepid overall inflation but are still modest relative to other periods with historically low unemployment (retirement of highly paid baby boomers could be one of the factors)…

3. Why is it that the United States could post such robust job numbers in November while the Canadian economy suffered its biggest monthly job loss since the financial crisis?…the answer is quite simple, actually – Trump the businessman understands how an economy works, Trudeau the two-faced drama teacher does not…Stats Canada reported this morning that the Canadian economy LOST a staggering 71,200 jobs last month and the unemployment rate rose 4-tenths of a percentage point to 5.9% to its highest level since August 2018 when it hit 6%…the loss in jobs came as both full-time and part-time employment moved lower…the number of full-time jobs fell by 38,400 while part-time employment fell 32,800…the goods-producing sector lost 26,600 jobs in the month as the number of manufacturing jobs fell by 27,500 and the natural resources sector shed 6,500 positions…yes, another 6,500 jobs wiped out in the resource sector – part of that of course from Oil drilling rigs heading south to friendlier territory…

4. Yesterday’s Liberal Throne Speech means more of the same from the federal government when it comes to the West and the resource sector – in fact, Trudeau is doubling down on “fighting climate change” (that’s the overarching, #1 cause for this federal government) and his left-wing agenda…not surprisingly, Bloc Québécois leader Yves-François Blanchet said he would vote in favour of the Throne Speech because he saw opportunities to “make gains for Quebec”…he added that it was easier for him to vote in favour because there was nothing specifically about Oil in the speech (not a single word about the Trans Mountain Pipeline or the Oil and gas sector in general)…the Liberals only need the support of their leftist Bloc or NDP friends to get any House of Commons vote passed…Alberta Conservative MP Michelle Rempel vented her frustration on Twitter after the speech, “The ‘time continuum’ and ‘spaceship earth’ got more airtime and detail in Trudeau’s list of priorities for Canada than the workers in my province,” she wrote…

5. The Dow has shot up 286 points through the first 30 minutes of trading…in Toronto, the TSX has gained just 125 points while the Venture has slipped a point to 536…Eric Sprott, one of Kirkland Lake Gold’s (KL, TSX, NYSE) top 3 shareholders, now says he intends to vote for KL’s all-stock acquisition of Detour Gold (DGC, TSX)…initially undecided, Sprott said he came around after studying up on Detour and reflecting on Kirkland’s plans to boost performance at the struggling low-grade miner…Kirkland says it can materially increase Detour’s production over the next few years, and slash its costs…“I think it would be a pretty good cash-generating machine,” Sprott said of DetourKinross (K, TSX) says it’s selling its remaining shares of Lundin Gold (LUG, TSX) for $150 million (CDN)…Lundin Gold is developing the rich Fruta del Norte Gold Project in Ecuador…the mine is expected to produce 310,000 ounces Gold per year at an all-in-sustaining cost of just $583 (U.S.) per ounce…Kinross sold Fruta del Norte to Lundin Gold in 2014 for $240 million…buyers of Kinross‘ remaining 9.2% interest in Lundin Gold include Newcrest Mining and the Lundin Family TrustEskay Mining (ESK, TSX-V) actually halted its stock yesterday for news that it had closed a non-brokered private placement that raised hard dollars totalling $402,000 (3.35 million units at 12 cents per unit) and flow-through of $40,000 (250,000 units @ 16 cents per unit), notable only for the fact it’s the smallest raise of any company in the district this year…

6. Great Bear Resources (GBR, TSX-V) is significantly expanding its continuing drill program at its flagship Dixie Project in the Red Lake district of Ontario, from 90,000 m to 200,000 m…the company will be adding additional drill rigs beginning in January…the expanded program remains fully financed with a 2020 budget of $21 million, and the company has the ability to further augment the program with cash on hand…Great Bear currently has $31 million in cash and an additional ~$10-million of in-the-money warrants for a total potential cash position of approximately $41 million…the expanded Dixie exploration program will continue year-round and has a $21 million budget…drilling will focus on 1) Known Gold zones at the LP fault, Hinge zone, Dixie limb and North fault; and 2) Additional new targets across the 22-km strike length of the Dixie Property…higher-capacity drill rigs have been mobilized to the property to increase production rates at shallow depths and to allow penetration of up to a depth of 2,000 m as may be required…Chris Taylor, President and CEO of Great Bear, commented, “We are about to undertake one of Canada’s largest Gold-focused exploration drill programs in 2020, as we expect to have completed over 200,000 m of drilling by the end of next year.  It’s remarkable to think that when our drilling began 2 years ago, the Hinge zone and the multiple zones along the LP fault were still waiting to be discovered.  As we enter 2020, over 80% of the Dixie Property remains to be explored.  With over $30 million on hand, more and larger drill rigs, and the knowledge we’ve gained through our ongoing successes, we can now further accelerate that discovery process.  We anticipate 2020 will mark our most exciting year to date”…

7. Alberta’s new pro-energy government approved a new project by Grizzly Oil Sands yesterday – unbelievably, this Grizzly was in hibernation for 6 years as that’s how long this approval has taken thanks to the previous NDP government and the Progressive Conservatives before them…it’s a small example of a big problem in terms of what’s wrong with Canada right now – this country’s inability to push projects forward in a timely manner…the May River Project approximately 130 km southeast of Fort McMurray would produce 12,000 barrels a day in a first phase before eventual output of about 80,000 barrels a day, Grizzly President Serge Bisson confirmed…“Approval like this is extremely material for our company and allows us to move forward with our business,” Bisson said, noting the 6-year wait has been excruciating…”We’re very excited about the development opportunity here”

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December 5, 2019

7 @ 7:00

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

1. Gold has traded between $1,472 and $1,479 so far today…as of 7:00 am Pacific, the yellow metal is up $2 an ounce at $1,476…Silver has added 6 cents to $16.88…the $1,440’s remain a major support area for Gold while nearest key resistance is around $1,490 where the declining 50-day moving average (SMA) coincides with the top of what’s interpreted to be a bullish downsloping wedge on our short-term chart…provisional estimates indicate India’s Gold imports rose to a 5-month high in November and the local market swung to a premium…“For now, the physical market is providing a sufficient cushion against the downside, and we believe the macro environment presents upside risk to prices in 2020,” stated Standard Chartered…Nickel has rebounded 12 cents to $6.08…Copper is steady at $2.65…Zinc is off a penny at $1.02 while Cobalt remains unchanged at $16.10…Crude Oil has jumped another 47 cents a barrel to $58.90OPEC members are meeting today and tomorrow and are expected to agree on deeper output cuts in an effort to prop up prices and prevent a glut next year…the Dollar Index has lost one-quarter of a point to 97.42…China’s official spokespeople are keeping quiet on trade talks with the U.S. amid growing uncertainty on when a Phase 1 agreement can even be reached…“China believes if both sides reach a Phase 1 agreement, relevant tariffs must be lowered,” Gao Feng, Ministry of Commerce spokesman, said today, according to a CNBC translation of his Mandarin-language remarks…the comments reiterated the position Beijing has expressed in the last few weeks, since both countries indicated a rollback of tariffs would be part of a so-called Phase 1 agreement…

2. Record highs in U.S. equity markets and renewed strength in the U.S. dollar weighed on Gold and led to ETF funds posting broad-based outflows last month, according to the latest data from the World Gold Council (WGC)…in its monthly ETF report, the WGC said that the Gold market saw $1.3 billion in outflows across all regions in November…but it’s not all bad news for the precious metal as holdings are still up significantly on the year…“Overall, global Gold-backed assets under management grew 35% this year as a result of increased investment demand and price appreciation,” the WGC said in its report…looking at the regional breakdown, North American funds saw the biggest outflows of 17.3 tons valued at valued at $731 million due to a strong U.S. dollar and equities at their best levels since June…meanwhile, European funds, led by U.K.-listed ETFs, had outflows of 13.3 tons valued at $538 million…the WGC noted that investor sentiment shifted in November as the deadline for the U.K. to leave the European Union was pushed to 2020…in Asia, the regional markets saw outflows of 2.1 tons valued at $119 million…the WGC noted that the outflows came as Gold prices fell 3.4% from October’s highs…however, even with November’s decline, prices are up 14% for the year…the WGC is optimistic that ETF demand will remain strong through 2020“Uncertainty surrounding 2020 Fed expectations, together with increased bullish market sentiment, is set to impact Gold’s price performance”

3. Gold miners look set to extend a deal spree into 2020 after notching transactions worth a record $30.5 billion this year, eclipsing the previous M&A binge when bullion prices peaked nearly a decade ago…led by top producers Newmont Goldcorp (NGT, TSX; NEM, NYSE) and Barrick Gold (ABX, TSX; GOLD, NYSE), miners are bulking up to replace dwindling reserves and win back investors who in recent years shunned the sector because of disappointing returns…this year has seen a whopping 348 deals worth more than $30.5 billion, including net debt, according to Refinitiv Eikon data…that’s up from $10.8 billion last year and surpasses a previous high of $25.7 billion set in 2010, the data show…Gold topped $1,900 per ounce in 2011, more than $400 higher than it is now, but the yellow metal has also hit new record highs this year in multiple currencies…nonetheless, the 2011 Gold boom prompted buyers to overspend on acquisitions, leading to billions in impairments when prices crashed in subsequent years…this time, acquirers are being more cautious as the premiums linked to recent sector transactions are far below those paid in the previous price boom…

4. Amex Exploration (AMX, TSX) has cut 41.3 g/t Au over 4.1 m in drill hole PEG-19104including 202.8 g/t Au over 0.80 m, in the Upper Gratien Zone at its Perron Project near Rouyn-Noranda…this intercept occurs at a shallow depth of about 65 vertical m…the Upper Gratien is an emerging new zone which has returned higher-grade intercepts than previously identified, indicating the potential of multiple high-grade lenses within the overall large (1+ km) kilometre) Gratien Gold system…meanwhile, drilling continues to define and expand mineralization at the Eastern Gold Zone (EGZ) where intercepts reported this morning included 2.8 g/t Au over 12.3 m (including 23.06 g/t over 0.70 m) in PE-19105 at a vertical depth of about 325 m, and 4.8 g/t Au over 4.2 m (including 26.2 g/t over 0.70) in PE-19109 (including 26.2 g/t over 0.70 m) at a vertical depth of about 325 m…Kelly Malcolm, VP-Exploration of Amex, commented, “I am very pleased with the high-grade intercept in the Upper Gratien zone, which is the strongest mineralization, on a metal factor basis, that has been identified in that zone to date.  The possibility of a multitude of high-grade lenses within the broader kilometre-long Gratien system is encouraging when contemplating either open-pit or underground mining scenarios.  The Eastern Gold zone also continues to intersect meaningful intervals in both the HGZ and Denise zone which continue to define and expand the system.  We are awaiting assays on a number of additional drill holes, many of which encountered visible Gold…the 3rd drill, which is scheduled to arrive on January 6, will be dedicated to the regional exploration program comprising approximately 20,000 m, of the 100,000 m drill program, targeting additional high-grade Gold mineralization in the underexplored portions of the highly prospective Beaupre rhyolite block…in addition, the company recently completed a 600-line-km survey of high-resolution drone magnetics at a very tight line spacing of 25 m, flown at a low altitude…AMX is up 2 pennies at $1.37 in early trading…technically, the stock has broken out above important resistance in the $1.20’s

5. The Dow is off slightly (33 points) points through the first 30 minutes of trading…in Toronto, the TSX has lost 61 points…the Gold Index, threatening to break out above 250, is up half a point at 247.32…the Venture has posted gains in 9 out of the last 11 sessions, unusual for this time of year and indicative of what could be a powerful finish to December and a strong start to 2020…the Venture is currently off 1 point at 539White Gold (WGO, TSX-V) announced this morning that it has staked 3 strategic claim blocks (Kodiak, Kirkman and Tea), totalling 689 claims, contiguous to its White Gold Property, Newmont Goldcorp’s Coffee Project and Western Copper and Gold’s Casino Project, all located in the prolific White Gold district in Yukon…the claims bring the company’s expansive land package to 21,207 quartz claims across 33 properties, totalling over 422,730 hectares, representing over 40% of the White Gold District…Eskay Mining (ESK, TSX-V) was halted pre-market, pending news…

6. Using a high-tech custom-built downhole camera that went to a vertical depth of more than 420 m, Canada Cobalt (CCW, TSX-V) geologists have a bull’s eye target to immediately build out a high-grade Silver discovery at Castle East just 1 km from the 40-million ounce Siscoe mine and 2 other past producers in the prolific Gowganda Camp…drilling has commenced at CCW’s newly-named “Robinson Zone” where an initial series of wedge holes is designed to pierce the high-grade structure at several different points above and below a spectacular native Silver discovery intercept of 1,194 oz/ton over 0.45 m within a 3.1 m core length grading 189 oz/ton…a new hole will then be drilled from surface to intercept the interpreted shoot higher up in the system…1,194 oz/ton Silver over 0.45 m and 189 oz/ton over 3.1 m doesn’t exist in isolation,” explained Doug Robinson, considered the Northern Ontario Silver-Cobalt Camp’s leading authority on the Nipissing Diabase, “and it’s the type of ore-grade intercept that built the other 3 mines less than 2 km to the west.  There’s a major vent in this area and a network of branching veins.  The downhole camera was the smartest way to go back on the 2011 drill hole, and this technology worked beautifully.  There’s now an understanding of the vein orientation and that de-risks the opportunity,” Robinson concluded…this drilling news has legs to it and can be expected to strengthen CCW’s uptrend going into Christmas…meanwhile, the company has repriced to 45 cents per Canada Cobalt share (from 34 cents) the share portion of its proposed acquisition of privately-held PolyMet Resources…the deal is expected to close shortly and will vertically integrate CCW with multiple revenue streams from its new headquarters in the historic mining community of Cobalt…

7. CPM Group has issued an intermediate-term (2-3 year) Silver buy recommendation to investors…this call has been long in the making…the last time CPM issued a recommendation on Silver was more than 8 years ago in May 2011 when prices reached $48.19 and CPM advised to sell…“The Silver market is at a critical vertex at present,” CPM Group’s Vice President in charge of research Rohit Savant said earlier this week…CPM has waited until now for a variety of reasons known to our clients.  For one, the market has not supported strongly higher prices over the past few years.  As a result, prices have not moved sharply off their 20152016 lows,” CPM managing partner Jeffrey Christian stated…

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December 4, 2019

Daniel’s Den

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7 @ 7:00

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

1. Gold has traded between $1,472 and $1,485 so far today…as of 7:00 am Pacific, the yellow metal is off $2 an ounce at $1,475…it tested nearest resistance at its 50 and 100-day moving averages (SMA’s) overnight until a Bloomberg report came out that raised hopes regarding a Phase 1 U.S.-China trade deal…that sent Gold lower and drove up Dow futures…Silver has retreated 18 cents to $16.97…the behavior of the TSX Gold Index, however, suggests precious metals have started a new uptrend…Nickel is on a 7-session losing streak, falling to its lowest level since July 29…it’s off another 5 cents at $6.01 where there should be some technical support…Nickel is the only base metal with gains this year, and the pullback is consistent with previous corrections since its bull cycle started in early 2016…Copper is up 3 pennies at $2.66…Zinc has added 2 cents to $1.03 while Cobalt is steady at $16.10…Crude Oil has jumped $1.87 a barrel to $57.87 while the Dollar Index has shed one-fifth of a point to 97.52…U.S. job growth slowed markedly in November, with private payrolls increasing by just 67,000, according to an estimate this morning from ADP and Moody’s Analytics…the count was well below the 150,000 consensus from economists surveyed by Dow Jones and the lowest month since May…the Labor Department releases non-farm payrolls Friday…meanwhile, U.S. services sector activity slowed more than expected in November amid lingering concerns about trade tensions and worker shortages…China said today that it would retaliate if the U.S. presses forward with sanctions over Beijing’s repression of Uighur Muslims – Washington’s second stand on China human rights in recent days as trade talks face uncertainty…after the House of Representatives passed a bill requiring sanctions on officials responsible for the widespread detention of Uighurs in China’s Xinjiang region, Beijing has issued furious statements calling it interference with China’s internal affairs under the pretext of human rights…the bill must be reconciled with a version passed by the Senate in September before it can become law…

2. The longer-term outlook for Copper, fueled by the metal’s use in electric vehicles and renewable power technologies, is stoking a $1.5 billion investment by Rio Tinto to expand mining operations at Kennecott over the next 6 years, extending the life of the mine on the west side of the Salt Lake Valley in Utah for more than a decade…“This is an attractive, high-value and low-risk investment that will ensure Kennecott produces Copper and other critical materials to at least 2032,” said Rio Tinto CEO Jean-Sébastien Jacques, adding that mine closures impacting supply are also a key factor in the expansion…“Kennecott is uniquely positioned to meet strong demand in the United States and delivers almost 20% of the country’s Copper production.  North American manufacturers have relied on high-quality products from Kennecott for the past century and this investment means it will continue to be a source of essential materials into the next decade”…the Bingham Canyon mine is one of the top producing Copper mines in the world with production at more than 20 million tons (it’s also the largest human-made excavation on Earth, measuring 2.75 miles across at the top and three-quarters of a mile deep)…in addition to Copper, Kennecott is one of the largest producers of Gold, Silver and Molybdenum in North America, and is a potential source of critical minerals such as rhenium and tellurium…with this project, Rio Tinto has invested around $5 billion in modernization and mine-life extension initiatives since the Kennecott acquisition in 1989

3. Balmoral Resources (BAR, TSX) is under pressure in early trading after releasing Phase 2 drill results from the recently discovered Ripley Gold zone at Area 52 of its Fenelon Property in Quebec…all 9 holes completed during Phase 2 intersected mineralization near-surface to a vertical depth of 220 m, highlighted by 32.7 g/t Au over 0.39 m, 3.01 m @ 3.04 g/t Au and 22.08 m @ 0.68 g/t Au…clearly, the market was expecting better numbers (as always) but it’s still early days…Ripley is 1 of 3 zones of significant Gold mineralization intersected in Area 52, which is located immediately south and along trend from Wallbridge Mining’s (WM, TSX) Area 51 discovery…Ripley remains open at depth…recent results from below the 450-m vertical level on the adjacent Wallbridge Property have shown the potential for a significant increase in grade times thickness to depth within this Gold system…Balmoral’s Detour Gold Trend Project adjoins the holdings of Detour Gold (DGC, TSX), the subject of a current over $4.5 billion takeover offer – on its western end, surrounds and controls a portion of the rapidly expanding Area 51 Gold system, and features Balmoral’s wholly-owned Martiniere Gold and Grasset Nickel deposits…BAR is off 8.5 cents at 29 cents as of 7:00 am Pacific but has strong new technical support in the mid-20’s

4. Victoria Gold (VIT, TSX-V) is trading higher after releasing a new technical report, prepared to a feasibility study level, for its Eagle Gold mine in the Yukon…reserves have increased from 2.7 million to 3.3 million ounces (this update includes all Eagle and Eagle proximal drilling – 58 holes – completed after the 2016 Feasibility Study)…annual production is now estimated at 220,000 ounces vs. 200,000…cash cost per ounce is $577 (U.S.) while all-in-sustaining costs are forecast at $774 (U.S.) per ounce…post-tax NPV(5) is $1.03 billion“The results of this updated Technical Report demonstrate the value and continual growth of the Eagle Gold Mine,” stated John McConnell, President and CEO…”Reserves have increased by over 20% from the drilling of 58 holes completed post-2016 Feasibility Study and we continue to see meaningful upside potential at the Eagle and Olive pits as well as across the Dublin Gulch Property.  I remind the reader that we continue to ramp up operations at the Eagle Gold Mine and anticipate commercial production achievement during the 2nd quarter, 2020

5. The Dow has rebounded 194 points through the first 30 minutes of trading…in Toronto, the TSX is up 42 points…the Gold Index, threatening to break out above 250, has pulled back slightly to 249…the Venture is trading at its best levels since early November, up 2 points to 540…potentially, this could be an unusual December (not the typical selling pressures during the first half or two-thirds of the month)…it’s possible the lows for the year may have come early this time around, in late November, especially if precious metals continue on a run…significant accumulation is occurring in Fiore Gold (F, TSX), one of our favorite small producers, which surged to a high of 60 cents in early trading…it jumped 8 cents yesterday on 1.5 million shares on no news…as of 7:00 am Pacific, Fiore is up 2.5 cents at 51 cents…Calibre Mining (CXB, TSX) provided 2020 guidance this morning…the company forecasts Gold production of between 140,000 and 150,000 ounces at an all-in-sustaining cost of between $1,020 and $1,060 (U.S.) per ounce…the company says it expects to generate significant operating cash flows that will allow it to reinvest aggressively in resource expansion and discovery drilling, advancing the high-grade Limon Central open-pit, and progressing the Pavon Gold Project as a satellite ore source for the La Libertad mill…CXB is holding steady around 90 cents…

6. Bee Vectoring Technologies (BEE, TSX-V) announced this morning that it has closed a total of 10 deals with blueberry growers in Georgia for the coming growing season…this includes 8 new growers and 2 previously announced growers…these producers will be using BVT’s proprietary bee delivery system and U.S. EPA-registered product, VECTORITE with CR-7, on their blueberry crops…the blueberry growers will be using BVT on an estimated 500 combined acres of conventional and organic fields for the 2020 blueberry season in Georgia, where blooming starts in February…blooming marks the beginning of the blueberry season, when the BVT system is used, but crop season continues until harvest which occurs in the spring and summer…all but one grower are first-time users who will be piloting BVT on a small percentage of their total acreage with the expectation that they will progressively add BVT across their entire operations over 2 to 3 seasons…the growers farm on a combined total of about 1,500 acres…“The company’s growth strategy in the blueberry market consists of three key activities: initial market penetration, customer retention and expansion through exceptional customer service, and leveraging the initial experiences to gain new customers,” stated Ashish Malik, CEO of Bee Vectoring Technologies“Currently in Georgia, the company is focused on closing deals with growers that are prominent early adopters of new technologies in their communities – and these initial growers are all key influencers.  Over time through delivery of exceptional experiences, BVT expects adoption of its system to increase to 100% of these farmers’ acres through building loyalty and positive word of mouth.  Lastly, the company continues to onboard new, additional growers as we move closer to the next growing season.  This is the strategy that will be executed in each region, as the growing season progresses geographically across the United States”BEE is up a penny at 43 cents in early trading…

7. CPM Group has issued an intermediate-term (2-3 year) Silver buy recommendation to investors…this call has been long in the making…the last time CPM issued a recommendation on Silver was more than 8 years ago in May 2011 when prices reached $48.19 and CPM advised to sell…“The Silver market is at a critical vertex at present,” CPM Group’s Vice President in charge of research Rohit Savant said earlier this week…CPM has waited until now for a variety of reasons known to our clients.  For one, the market has not supported strongly higher prices over the past few years.  As a result, prices have not moved sharply off their 20152016 lows,” CPM managing partner Jeffrey Christian stated…

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December 3, 2019

Daniel’s Den

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