Gold is surging higher to end the week after a confirmed breakout above critical resistance at $1,350…as of 7:15 am Pacific, bullion is up $13 an ounce at $1,384…escalating tensions in Ukraine, before a vote this weekend in Crimea on breaking away to join Russia, has propelled Gold to a new 6-month high…Silver has added 45 cents to $21.63…Copper is up 3 cents at $2.95…Crude Oil has climbed 43 cents to $98.63 while the U.S. Dollar Index is off one-quarter of a point at 79.34…
What’s surprising is that Gold has performed so well in recent weeks despite slackening physical demand out of Asia as seen by the small premium or occasional discount Shanghai Gold Exchange prices trade versus spot…ETF selling, of course, has dried up (SPDR Gold Trust has registered inflows this week), geopolitical tensions, concerns over China (first corporate bond default, weaker than expected economic data), technical buying and a struggling U.S. Dollar are all factors that are currently in Gold’s favor…ironically, after getting bashed by so many analysts right up until the end of last year, bullion has been the best asset class to be invested in so far in 2014…next major chart resistance is $1,400…
“Gold is clearly still in demand as a safe haven,” analysts at Commerzbank said in a note to investors this morning…
Oil Supplies Increasing: IEA
A relentless increase in oil supply from the U.S. and Canada and a surprise surge in Iraqi crude production last month is offsetting demand pressures bought about by the cold winter in the U.S. and geopolitical concerns over the rising tensions between Russia and Ukraine, according to the International Energy Agency (IEA) in a report today…the IEA expects supply from outside OPEC to rise by 2 million barrels a day in the first quarter of the year, while a surprise surge in Iraq’s output last month boosted OPEC’s output to more than 30 million barrels a day for the first time in four months…
Today’s Markets
Asia
Japan’s Nikkei Index posted one of its largest single-day percentage declines of the year overnight, falling 488 points or 3.3% to close the week at 14328…a stronger yen, concerns over the sustainability of China’s economic growth and ongoing instability in Ukraine spurred a flight-to-safety in Tokyo…China’s Shanghai Composite, meanwhile, fell 15 points to close at 2004…
Europe
European markets are mixed in late trading overseas…
North America
The Dow is up 47 points as of 7:15 am Pacific…RSI(14) has fallen below its EMA(25) which raises the prospect of some additional weakness in the Dow in the near future, as you can see in John’s chart below, though a bounce higher could come first after 4 straight declining sessions totaling nearly 350 points…
U.S. consumer sentiment dipped modestly in early March…the preliminary Thomson Reuters/University of Michigan overall index of consumer sentiment fell to 79.9 in March, down from the 81.6 final reading in February…that was below expectations for a reading of 82 and the lowest level for that index since November…
Meanwhile, U.S. producer prices fell in February, dragged down by falling costs for services and offering little sign of a pickup in inflation pressures…the Labor Department reported this morning that its seasonally adjusted producer price index for final demand dropped 0.1% last month…U.S. inflation has held at a very low level in recent years, largely due to a persistently high unemployment rate…this is expected to encourage the Federal Reserve to keep its benchmark interest rate near zero for many more months even as the central bank gradually trims its monetary stimulus…
The TSX is 20 points higher as of 7:15 am Pacific while the Venture is up 3 points at 1035…yesterday’s 14-point fall was the Venture’s worst session since January 27…
TSX Gold Index Updated Chart
The TSX Gold Index is breaking out above important resistance at 210…below is an 18-month weekly chart from John…the Index is 3 points higher at 214 through the first 45 minutes of trading…
Game On At The Grizzly & Throughout The Sheslay Valley
Garibaldi Resources Corp. (GGI, TSX-V) is going after the Grizzly, launching a major exploration program – parts of which are commencing shortly – including detailed mapping, geochemistry, IP surveys and first-ever diamond drilling…GGI also reported late yesterday, following the market close, that it has broadened the corridor of mineralization in the Sheslay Valley through sampling in the West Kaketsa area, a few km south of the Grizzly West porphyry target and 3 km west-southwest of Prosper Gold Corp.’s (PGX, TSX-V) Pyrrhotite Creek prospect…West Kaketsa has never been drilled, and one of the last of just nine holes ever drilled at Pyrrhotite Creek 42 years ago returned 0.32% Cu from surface to 490 feet (never assayed for Gold)…mineralization at West Kaketsa appears to be related to a fault that extends from that target right through to Pyrrhotite Creek…this is a part of the Sheslay Valley that investors need to watch very closely as it exhibits all the classic signatures of a potential major new discovery, separate from Prosper’s Star targets clustered several km to the north-northeast…
Remarkable Ratio: Drill Holes & Discoveries In The Sheslay Valley
What’s remarkable about the Sheslay Valley is the high “hit” ratio on drill holes (80%) and the limited number of total drill holes (59 altogether, 48 historically on the Sheslay, six at the Sheslay last year by Prosper and 11 by Doubleview at the Hat last year), and the number of significant drilling discoveries (3 – Star, Hat, Pyrrhotite Creek) over wide distances…from the Star to the Hat is almost 10 km…from the Star to Pyrrhotite Creek is 4.5 km…Garibaldi’s Grizzly, the biggest property of all, has never been drilled, yet exhibits geological and geophysical signatures that are similar to those at the Sheslay and the Hat…as some people have said, the region is “pregnant”…
Fluid Throughput
Any major Cu-Au porphyry system requires fluid, a dynamic hydrothermal environment and this is what appears to have made the Sheslay Valley very special…in layman’s terms, there’s a major “heat engine” at work here, or perhaps a series of them, driving the entire process of catapulting Copper and Gold toward the surface…while it’s not completely understood just yet, the Kaketsa pluton has played some sort of a role in driving mineralization throughout the district…
New Map
Below is a BMR modified map (the view is from the northwest toward the southeast, down the trend), expanding on the 3D Google Earth version released yesterday by GGI…we’ve touched on a few key points this morning which we’ll expand on next week…the intent of this map is to paint the “big picture” of what is clearly a very long mineralized corridor in the Sheslay Valley (22 km from GGI’s Grizzly West porphyry target to Doubleview’s Hat discovery) and a potentially very wide one as well…keep in mind, this map doesn’t even show the full district…parallel NW/SE trends are cutting through the entire area, a classic northwest B.C. scenario…
GGI is up 1.5 cents at 20.5 cents as of 7:15 am Pacific…DBV, which is expected to commence drilling shortly, also gapped up this morning and is 2 cents higher at 31 cents, while PGX has gained a penny to 49 cents…
This view of a large part of the Sheslay Valley is from the southeast - mineralization is trending NW/SE over long distances, and the corridor could easily broaden to the south and the north.
Dynasty Gold Corp. (DYG, TSX-V) Updated Chart
With exploration excitement in northwest British Columbia expected to intensify in the coming months, a company investors should not forget about is Dynasty Gold (DYG, TSX-V) which had $1.1 million in cash at the end of September and a very interesting property near Stewart (“Strike”, Gold-Silver-Copper-Lead-Zinc)…John has detected a significant increase in buy pressure (accumulation) in DYG over the last several weeks as shown in this 2.5-year weekly chart…
True Gold Mining Inc. (TGM, TSX-V) Updated Chart
True Gold Mining (TGM, TSX-V) has enjoyed a solid week…the stock has traded briskly while the company also reported an initial inferred resource for its North Kao deposit, the contiguous northern extension of the largest of five deposits (Kao) within the Karma Project in Burkina Faso, West Africa…
“In our view, Karma is one of the premium development-stage, shovel-ready projects globally due to its low-cost production attributes, strong growth profile, metallurgy and jurisdiction,” stated Mark O’Dea, executive chairman of True Gold in a news release yesterday…“We have already built the foundation to become a leading mid-tier Gold producer, including the receipt of key mining permits and a strong treasury to fund development, with North Kao clearly demonstrating the potential to boost our production profile.”
Below is a 2.5-year weekly TGM chart from John…strong support around the 40-cent level has held, and TGM is up a penny at 45 cents as of 7:15 am Pacific…
Note: John and Jon both hold share positions in GGI, DBV, and AIX. Jon also holds share positions in PGX and ABR.
Jon i see you are holding..AIX GGI PGX ABR abd DBV..as i am.. but not RG. Is it the sh/ structure, lack of cash, holding you back?? Thanks!!
Comment by Greg J. — March 14, 2014 @ 7:00 am
Hi Greg, I’m confident RG is going to get a significant lift out of the Sheslay, I just haven’t taken a position in it yet but I’m sure that will happen…RG needs to give the market some signals with regard to what it’s doing with its claims…in a few months, I think any company with even some cow pasture in the general vicinity will get a lift….we’ve seen that before in major area plays…..what’s really exciting about this situation is that this isn’t about just one deposit……multiple deposits are likely to be found here….when this hits critical mass, all these situations could shoot through the roof as the perception will be that any company could be sitting on a deposit if the multiple deposit scenario plays out…
Comment by Jon - BMR — March 14, 2014 @ 7:08 am
The Sheslay is shaping up like the Yukon a couple years back with the Ryan claims . Get positioned in the winter into a basket of companies and they take turns with serious runs through to the start of the next winter …Garabaldi could be the dominant one that has holding power over the long term …
Comment by Fred — March 14, 2014 @ 7:49 am
Dynasty hasnt filed finaicals for 2013 yet… I couldnt find any reference to raising any cash… they can be in very good position….. or…??
any thoughts Jon?? thx mate
Comment by Jeremy — March 14, 2014 @ 7:52 am
Jeremy, last DYG financials were filed at end of Nov. for period ending Sept. 30, $1.1 million in working capital (cash)…….burn rate is low, about $25-30 K per month….it was a disappointment they didn’t drill last year, they were late in filing their application, but they should be good to go this summer….one of those plays you tuck away for several months, if you wait until they start to drill, you’ll be paying more…….118 million outstanding…..don’t see the need for a rollback in this case….
Comment by Jon - BMR — March 14, 2014 @ 8:08 am
Jon do you know which of the shelshy plays have drill permits and which ones do not. Also how long it takes in bc to get one after applying?
Comment by Hs — March 14, 2014 @ 8:40 am
@ John BMR. Thanks for the information regarding fnc.v Cup and Handle formation. Looks like 7.5 cents held and looking to break out in the coming weeks. The merger between Champion Iron ore and Mamba Minerals should be the catalyst which propels this baby. (fnc holds 15 million shares and a 1.5 NSR). Thanks again John, have a great weekend 🙂
Comment by Tony T — March 14, 2014 @ 8:52 am
AGORACOM Sponsor – Garibaldi Resources – is the dominant landholder in the emerging Sheslay Camp in Northwest British Columbia. The company believes this is a highly prospective, under-exploited new Cu-Au porphyry discovery area.
It looks like others are starting to believe it too. Here is an excerpt from a recent press release by another unnamed company:
it has acquired 1,889 hectares of claims contiguous to the entire northern border of Prosper Gold Corp.’s Sheslay Cu-Au Porphyry Project located in northwestern British Columbia. The central and northern parts of Prosper’s Sheslay project include three Cu-Au porphyry targets – the advanced Star, the North Star and the East Star, each located within approximately one kilometer of each other. The claims are also contiguous with the northwestern corner of Garibaldi Resources Corp.’s Grizzly Property as well as the northern boundary of Doubleview Capital Corp.’s Hat Property.
The Company now holds prospective claims in the Sheslay Valley, …. a potential new world class mining camp.
“XXX is extremely pleased to have acquired these very strategic claims in the most exciting new exploration area of British Columbia where drilling discoveries have recently been announced on two separate properties.“
Garibaldi Resources (GGI:TSXV) is not only the dominant land holder in Sheslay Valley, it also has more than $3,000,000 in working capital AND hasn’t raised $1 over the last 5 years thanks to a very strategic asset sale that filled its coffers.
Comment by Hs — March 14, 2014 @ 9:07 am
Jon – thx mate.. I looked on the TMX site… didnt mean for you to do the dirty work:)
and yep at 1 cent… well… 100K shares is 1K … lunch on Bay street!!:)
Comment by Jeremy — March 14, 2014 @ 9:23 am
the XXX company that is referred to that article is AIX.v
the word is getting out
Comment by ChartTrader — March 14, 2014 @ 10:06 am
Guys am I ignored here? You answear on all posts from other people but not from me. Have a nice weekend and thank you for a great job. Peace
Comment by Sebastian — March 14, 2014 @ 12:34 pm
Hey Sebastian
I have been extremely busy with BMR and in my private life…I am just a little behind…You are next…please forgive.
Comment by John BMR — March 14, 2014 @ 12:47 pm
Hi John, I understand. Yesterday and the day before I asked u guys what you think abou V.NCG and if you have the possibily to provide us with a technical chart? They have 1,5mil oz gold grading 5,6 g/t. Today they had quite a run on good volume. I know you guys are focused on Sheslay Valley but maybe you could focus a little on other undervalued stocks like V.NCG & T.GIX. Gold & Silver are in the starting phase of a mayor bullmarket so it would be appreciated if you could find other undervalued gold and silver stocks with huge upside potential. I am following your site and think you guys are doing a great job.
Brgds
Comment by Sebastian — March 14, 2014 @ 12:58 pm
Sebastion … I got GIX couple of days ago . Tell us about it’s huge upside potential . Also believe others in that category I have positions in are GWA , SPA , EAS , and of course ABI …Are there better ones out there under a dime ?
Comment by Fred — March 14, 2014 @ 1:41 pm
CPN…. can anyone tell me why getting the permits re-established is so bad for the company??? what am I missing??
TIA…..
and Sebastian.. have some patience man…. we are all so very excited at the prospect of gaining back some ground here… like we all are arent we?? and to tell the thruth here…. there are so many good stories with stock prices in the dumper that 600-800 companies should be on the radar…
and having patience will be very hard… I can feel it in the reads.. later all… happy friday
Comment by Jeremy — March 14, 2014 @ 2:26 pm
Fred- Southern Arc SA-V. Trading at 7 cents, lots of cash,8Million..approx.Good team behind them!! Also HMB.v. A gravel play to potentially feed the Rupert port expansion is starting to perk up!
Comment by Greg J. — March 14, 2014 @ 3:44 pm
Hi Heath, good question, just having time now to get to it. Obviously the “Big Three” at the most advanced stage who will be drilling with permits either in hand or pending and targets of course are (in alphabetical order) Doubleview, Garibaldi and Prosper, with DBV of course due to start very quickly. After those three, the next two most likely candidates I see for drilling are Alix and Ashburton, though Romios could certainly figure into the equation too. The drill permit process for this area of B.C. is fairly straightforward but one should allow a couple of months anyway. The other part of the equation of course is drill-readiness. You can’t define a proper target here without doing IP, and geochem is critical as well. The ones who are going to drill this year are the ones who are positioned now or very soon. You’ll likely see a bunch more companies who will pick up ground over the next few months, but most of them will simply make some noise from the sidelines with just their name on a map and nothing more. Ideal drilling conditions are from May into October. Year-round drilling is certainly possible but more expensive. I’m sure we’ll see winter drilling by 1 or 2 or a very limited number of companies if the results by this summer are looking really good.
Comment by Jon - BMR — March 14, 2014 @ 4:38 pm
Thanks Jon. To me this seems very important in that one doesn’t want to buy x company then find out they havnt applied or just applied for permit and therefor will be waiting at least couple months. Think I’ll call Ggi to see what their status is for sure.
Comment by Hs — March 14, 2014 @ 5:33 pm
Heath, I’m puzzled by your comment. You don’t want to buy a company now and wait 2-3 months for drilling (during which time it should increase in value), but neither do you want to a buy a company now that’s within days or a week or two of drilling like DBV (“great for those who got in early and cheap but it’s getting way ahead of itself now, and way too high to take a position now.”). So what’s your optimal time period? I’m not intending to be be critical – I just don’t understand the inconsistency of that. DBV will be the first one to drill in the Sheslay Valley, plain and simple. And they’re spending more money to do that. I suspect they will be followed by Prosper in early to mid-May, and then shortly after by GGI (using your own comments regarding DBV, now is the time you want to get positioned in PGX or GGI as you’ll run into the same problem with them in the not too distanct future – you’d be paying for more them than you’d like.
DBV is sure to move higher as drilling commences and speculation ramps up. If DBV hits, look out – PGX and GGI would get a major lift, too. And keep in mind that GGI will be carrying out a lot of work in advance of their drilling program which will generate strong news flow and speculation. They’ve got by far the most amount of ground to cover, and they also have a huge advantage in drilling after DBV (and potentially PGX) because of data comparisons. I bought more of all three companies in the last week or so because they’re all going much higher IMHO – the masses haven’t rolled in yet, and the promotional side of it hasn’t really kicked into full gear either. I can’t emphasize enough how this whole play is still in its early stages and how we could be looking at stock prices that are at multiples to current levels by May/June/July. That’s how you have to look at it. GGI is a steal at .21, as we said it was in the teens and also below .10. DBV is a steal at .29, as we said it was in the low-to-mid-teens a while back; PGX is a steal at 50 cents. Same with AIX and ABR at their respective levels. Those are the five KEY plays right now. More will undoubtedly come into the picture. TOTAL MARKET CAP OF DBV, PGX AND GGI IS JUST $39.5 MILLION – that’s ridiculous given how this is likely to play out. GGI of course will also be drilling in Mexico leading up to Sheslay Valley. VISION-VISION-VISION – you need to be able to visualize how this is all going to unfold between now and the end of the summer. And, hopefully, make a lot of money in the process. When the masses arrive, take profits off the table if you like.
Comment by Jon - BMR — March 14, 2014 @ 6:24 pm
Well said Jon!
Comment by Paul — March 14, 2014 @ 6:43 pm
Jon all I meant was I I’m trying to time everything to the best of my ability using as much info as possible. I have already purchased some Ggi and woukd like to accumulate some more now that I know they are getting aggressive with sheslay. But obviously it would be nice to grab a few of these plays. That being said my point was one would not want to buy one of these companies then find out x company can’t drill and misses out this summer as they did not apply it receive permit in time.
As for Dbv maybe I didn’t explain myself correctly. Yes I realize it still has room to move if they hit however if it keeps climbing as it is lately by the time results come out it might be at a point it’s a sell on news regardless type deal. Just would have felt a lot more comfortable at lower levels taking a position is all. Also I see other companies with market caps lower than Dbv with 43101 resources proven already so I’m not understanding the disconnect. I’m still thinking about buying a Dbv ticket and grabbing a seat. Just hoping it stays where it is or pulls back a bit in the next week or so.
Comment by Hs — March 14, 2014 @ 6:50 pm
GOLD MOVING UP:
321gold.com/editorials/saxena/saxena031514.html
Comment by STEVEN1 — March 14, 2014 @ 7:08 pm
Jon
when you look at it like that all 3 companies total market cap of only 39.5 million, that is crazy…
Comment by Greg — March 14, 2014 @ 7:23 pm
Well said Jon! The risk reward ratio in the region is the best out there right now and we are all very lucky to be in the right place at the right time before the masses come! There is no doubt in my mind that a select few will be big movers and a proximity play is just that! I’m not putting $1 into a proximity play until they do the initial prep work to properly carry out a drilling plan to increase the odds of success. It takes a lot of time to prep a new property for drilling and I am afraid that some of these area plays will try to take short cuts to fast track things and start drilling this summer to become in “play” which will drive their stock prices up on specualtion and get them financing at higher prices assuming someone is crazy enough to give them the money after doing their DD and seeing the lack of prep work! Without proper prep work its basically blindly drilling holes and the odds os success are low!
DBV and PGX are the most advanced and have done extensive work (PGX even overflew DBV’s property without permission which I take it that the good stuff lead the helicopter towards there…lol). GGI will be doing the prep work on their property and will be agressive but they are far from being able to drill holes in the ground but I have faith that they will do it properly. I will buy into GGI once they get closer to knowing their property well and knowing exactly where to drill. Some area plays still don’t have drilling permits yet!
I know for fact that Farshad (DBV) knows the property like the palm of his hand and understands it well. They are the ones that are the most advanced and have been preparing their property the longest. They started work on their Hat property in summer 2011, have completed 2 phases of drilling and are about to start phase 3 any day now! The data demonstrates huge potential with minimal risk compared to other plays. This is why DBV is the most active, has been the better performer and has taken the lead in the area as the one that the market is placing their bets on. Others will soon join DBV once they demonstrate they too are agressive, are serious in succeeding/have done their homework and are executing their plan! Don’t fall in the trap of passing up on the ones that have already moved up from their bottoms for the ones that are still rock bottom thinking you will have more leverage in them….there is a reason why they moved up as people are just now starting to realize the potential! They are still in the pre-game warm-up and the action is yet to come imo!
This summer will get interesting. Sheslay millionaire in the making imo if one choses right and invests enough and stays the course!
I continued to average up on DBV this week now that drilling will start any day now. Seeing that the labs are empty and they will be the first ones drilling, I expect that there will not be a long wait to find out the results!
Comment by d4 — March 15, 2014 @ 5:25 am
Hi Heath, I understand what you’re saying. Right now, the companies that we know 100% for sure WILL be drilling are DBV, GGI and PGX. As investors, we can all have an extremely high level of confidence that all three of these “leaders of the pack” have truly exceptional individuals at the management and geological levels AND WILL EXECUTE on the ground. And they will execute with precision IMHO. And they will also ramp up the aspect of getting this whole story out to the world so millions of new eyes are on it.
Based on our due diligence, we’re 99.9% certain that AIX will drill – check the map we posted yesterday for ideas on where they could sink the drill bit. They are fired up and are acting very aggressively, with a highly capable team of their own. ABR is in a unique position with its Hackett Property which potentially could be an extension of any deposit at the Hat – the Hackett needs to be drilled and I’m very confident they’re moving in that direction. I have no confidence in VVN (management) at the present time. With regard to RG, I spoke briefly with Tom a while back, he’s a solid guy but I need to touch base with him again in the very near future to get a better feel for the direction they might be going. They’ve got a good-sized land package. As mentioned, we’re sure to see other players step into the picture and the question will be how quickly will they be able to move.
With regard to your comment about DBV and “other companies with market caps lower than DBV with 43-101 resources proven already”, you miss a very important point when it comes to this business. DBV has made an important new discovery which is still in the very early (speculative) stages. It could turn out to be a few hundred million tonnes, a billion tonnes, or less, who knows. They could hit some really nice high-grade at depth that could be a game-changer. Anything is possible at this stage, but their targets are really exciting and promising and that’s what investors are focused on right now. Plenty of blue sky. One of the biggest mistakes companies often make is coming out with a 43-101 resource estimate prematurely – what that often does is restrain the blue sky potential in the eyes of investors and caps the share price. Seafield is a great example of that in terms of the strategic mistake they made. That’s a case of geologists running a company, and not business or market people. Many examples of that.
What’s likely emerging in the Sheslay Valley, based on the evidence to date and our DD, is numerous deposits over a wide area totaling perhaps in the billions of tonnes. That’s huge. What they also need is a high-grade starter area. Many are confident that’s there somewhere——on whose ground remains to be seen.
Comment by Jon - BMR — March 15, 2014 @ 7:24 am
Good news all around for sheslay area. I also am holding BG.V which as far as I know is still drilling down deep. Looking forward to news. Richard l
Comment by richard l — March 15, 2014 @ 6:32 pm
I am confuse with aix press release with land package extention plus 500 000$ financing, mars 14. Usually they will update their web site on the spot but not this time. Any comment???
Comment by Martin — March 15, 2014 @ 7:09 pm
Not sure what you’re referring to, Martin, but maybe they’re too busy rounding up more land. My theory on the AIX financing, as I stated earlier, is that circumstances changed and they’re ditching the idea of a larger financing at a nickel, which is good for shareholders—-keeps dilution at these levels to a minimum. They raise just what they need for the near-term rather than issue a whopping 10 million or more at a nickel. That strategy, of course, is predicated on the assumption that we’ll see all the Sheslay plays move higher, the odds of which appear unusually high in this situation. If you look at DBV, they’ve financed themselves internally through the exercise of warrants in recent weeks. Prosper has also set itself up to raise millions through the exercise of warrants. AIX and ABR can raise much of what they need through the exercise of warrants. GGI is set.
Comment by Jon - BMR — March 15, 2014 @ 7:17 pm
marketwired.com/press-release/alix-increases-land-positioreprésentantsn-at-sheslay-tsx-venture-aix-1879143.htm
Comment by Martin — March 15, 2014 @ 7:22 pm
The link of post 28 will not work 29 is the one Jon
Comment by Martin — March 15, 2014 @ 7:32 pm
Ok, we’ve all seen that and that’s what we’ve been referring to, so what is your point, Martin?
Comment by Jon - BMR — March 15, 2014 @ 7:32 pm
marketwired.com/press-release/alix-increases-land-position-at-sheslay-tsx-venture-aix-1879143.htm.
This is the right link…
Comment by Martin — March 15, 2014 @ 7:33 pm
Ok so the financing stays at 250 000$, ans they will come up with more land acquisition i guest
Comment by Martin — March 15, 2014 @ 7:35 pm
Yes, Martin, that’s just an educated guess on my part, but as I stated earlier, rumor on the street out here has it that AIX is attracting some major new players and one can see evidence of that in the volume. Personally, I think it wouldn’t make sense for them to over-dilute at current levels. Flow-through is an investment in property development. AIX has to get busy on the ground and I’m certain that’s what we’re going to see. That should certainly translate into a higher share price IMHO. +3 right now at 9 pm in the Sheslay Valley – good news.
Comment by Jon - BMR — March 15, 2014 @ 7:43 pm
major players would be mid tier producer in your opinion?
Comment by Martin — March 15, 2014 @ 7:48 pm
Martin, by “major players” I mean significant investors, including perhaps brokers.
Comment by Jon - BMR — March 15, 2014 @ 7:51 pm
In any case it will be fun to see own everything unfold,. Think have changed alot in the last four past month. There are maybe many starter pit in this whole area.
Comment by Martin — March 15, 2014 @ 8:03 pm
Martin, the starter pit area is key, and you may be right about the possibility of more than one. This whole area has been subject to intense heat, pressure, fracturing, lots of fluid throughput. It’s a very robust hydrothermal environment. That kind of environment is an excellent potential host for high-grade mineralized zones somewhere along the trend.
Comment by Jon - BMR — March 15, 2014 @ 8:29 pm
If we stick to that collapse caldera theorie, the fact that DBV is hitting greater mineralisation at dept, some 10 km from the main heat engine speak load!! Heart is fracture everywhere.
Comment by Martin — March 15, 2014 @ 8:52 pm
GOLD/SILVER: thegoldandoilguy.com/next-three-bull-markets-starting/
Comment by STEVEN1 — March 16, 2014 @ 6:36 am
Jon: any predictions on what the effects the Crimea referendum will have on the markets and more specifically the Venture?
Comment by tony t — March 16, 2014 @ 7:46 am
The mainstream media is making a big issue out of it, Tony – don’t let that be a distraction. RSI(2) on the Dow daily chart is at extreme levels not seen since the end of January – the Dow was down every day last week so now is when it’s time be a contrarian. The overall Venture trend is very positive. There are great opportunities. That’s what I’m focused on. Good chance that Gold will test the $1,400-$1,425 resistance band as we’ll show in John’s updated chart today.
Comment by Jon - BMR — March 16, 2014 @ 8:03 am