Roy.bk.can.24 Discussion Threads

[energyi] 31/7/2004 11:57

I have been at this game a long time.
That doesnt mean that i always get it right, but I do have the ability
to spot the occasional turn, and I think we are seeing one now. Gold and
Gold stocks have been under pressure most of the year, and alot of the hot
money has gone elsewhere. Many occasional gold investors are also OUT,
waiting for lower prices: $380, 375, $350, or whatever. I dont think we
will see them.

As Jake Bernstein said in an interview on TFNN this week, seasonally
the period of mid-August to mid/late-September is normally the best period
for Gold, and that August rally sometimes starts early, like early August.
I think it started this week, and as we move into August, it will become much
more apparent that commodities are THE PLACE to be.

Interestingly, several BASE METALS are showing a huge rundown in stocks,
and prices have bottomed, and it looks like in coming days that they are
ready to explode upwards. The following charts show it clearly, I think:

STAGE: IT'S CRITICAL!!!

These charts show LOW Inventories (esp.Copper & Zinc), and suggest
that Base Metals may be about to show a MAJOR price breakout...

Copper CHARTS ...
...

Lead CHARTS
...

Nickel CHARTS
...

Zinc CHARTS
...

So we may see a big push upwards in commodities, led perhaps by Copper
and Lead. watch Gold-in-Euros, as that breaks out (if it breaks out) above
Eur.330, and then Eur.350, that will be a sign that the whole world is
getting onboard the train.

If next week is a down week in gold, file a Link to this posting, and look
back from the perspective of Late September.

[energyi] 08/7/2004 21:10

Action stocks:

[energyi] 08/4/2004 15:16

Stikine Gold Ltd


SKY...is drilling a high stakes deep hole on the Sullivan Deeps property in southeastern British Columbia that should reach target depth by early June. The property lies immediately north of the world-class lead-zinc-silver Sullivan Mine which ceased operations in 2001 after one hundred years of production that yielded $20 billion worth of metals in today's prices. Sullivan was a massive sulphide Sedex deposit believed to have been one of a series within a north-south corridor. The southern deposits appear to have disappeared through erosion, with only their feeder vents remaining, and immediately to the north of the Sullivan deposit the geology has been downdropped at least 2,000 metres and displaced laterally.

Cominco has held the Sullivan Deeps ground since the 1920's and last looked for Sullivan's other half or sister in 1996 with a drill hole that appears to have had extraordinarily bad luck in hitting a fault window near what appears to be a large conductive body with a footprint similar to that of Sullivan. Stikine, which went public in 2003 with a Toodoggone gold property that yielded poor results, acquired an option to earn a 50% interest in Sullivan Deeps from Teck-Cominco for a $4 million exploration expenditure.

To finance a $900,000 drill hole Stikine completed a private placement of 10 million units at $0.20 in December 2003, of which half was taken down by two European institutions. The 10 million warrants are exercisable at $0.25 for 18 months. This paper will come free trading in mid April and may represent a significant overhang in Stikine's market.

Stikine has 25.5 million shares issued and 37.6 million fully diluted. Working capital stands at $1.5 million, enough to fund the initial drill hole, but not enough for the $2.4 million wedge hole drilling planned if a Sullivan style deposit is intersected at the target depth of 2,400 metres. The target is a 20-50 million tonne deposit running 15-20% combined lead-zinc, which represents the high-grade portion of the Sullivan deposit.

Stikine is headed by a mining engineer called Scott Broughton who has done an excellent job presenting the story. The Hunt for Sullivan Two is a Canadian market speculation favorite that surfaces every ten years. The Sullivan Deeps play represents the best shot a junior has ever had at finding another Sullivan deposit. Much of the modeling work that went into this play was done by Teck-Cominco geologists whose chance at another drill program was dashed by Cominco's decision to close the Sullivan Mine. The depth and high underground temperature of the target do represent issues for the potential economics of any discovery, but this is offset by the existence of excellent infrastructure. I am recommending Stikine Gold as a top priority bottom-fish buy in the $0.30-$0.49 range because it is not often that one comes across a play where the dream target is so well articulated and likely to draw the attention of a very large audience. The timing is immediate.

Although Sullivan Deeps does look like a lottery ticket that will be worthless if the hole hits another "fault window", we will know the outcome within a 2 month period during which either the stock will launch into a wild speculation cycle as the drill nears the target depth and the company churns out detailed descriptions about the stratigraphy encountered which a fairly large body of geologists will know how to interpret, or the play is still born as speculators stay on the sidelines. In the first case bottom-fishers will see prices significantly higher whether or not the outcome is a discovery, and in the second case they will be long at a decent price in a stock where the structure remains intact and management continues to have a mandate to find a replacement project if the hole misses. At $0.38 the Sullivan Deeps play has an implied project value of $29 million, which represents fair speculative value for a $2 billion dream target, fullfillment of which would yield a hundredfold price gain. My assessment of this play is that speculators will pay up in the near term to be on board this play, for if the drill chews into massive sulphide lead-zinc mineralization with this sort of target, there will be no chance of getting cheap stock. Because of potential heavy selling from placees clipping their warrants, bottom-fishers should not chase Stikine beyond the bottom-fishing range during the early part of the drill program.

[energyi] 10/3/2004 18:52

Vangold (v.VAN)

[mikkydhu] 14/1/2004 18:32

PGM Ventures, PPG, having a very good day when many stocks are down.

[energyi] 07/1/2004 21:39

MORE CHEAPIES...

Some good ideas here:

Some favorites of Ian Gordon:

EmGold (EMR) ............ : Intrepid (IAU) ........ : Kimber (KBR) ........... :

DynastyGold (DYG) ....... : New Guinei Mining (NGG) : -- Absolute (ABS) ....... :


...energy stocks
Corridor Res. (CDH) .... : Pebercan (PBC) ........ : US Gold (USGL)


Purcell Energy (PEL).... : X-Cal Mining (XCL)..... : Stikine Gold (SKY) ... :


...more mining stocks
Northgate Expl. (NGX) .. : Joy Manufacturing. (JOYG) : Nordex (NRDXF)

[energyi] 07/1/2004 14:56

No view.
Look at the co. 18 months ago, and have come close to buying a few times.
Thought it was over-promoted before, so I would only buy if the chart loooked
right

Here are three Canadian Juniors
that Ian Gordon, author of the Long Wave, likes:

Cangold (v.CLD)


Great Panther (v.GPR)


Tumi Resources (v.TM)

[mikkydhu] 06/1/2004 20:17

e, do you have a view on PGM Ventures, symbol now PPG? They have half of Simberi, the top island in the group. Simberi already has a resource of about 750,000 oz of which about half, off the top of my head, are reserves. Those are oxides, with evidence of rich sulphides below. They have feasibility and permitting in place. Soon they will set up Simberi as a separate company and give details about going into production this year. And there's more besides. About 66 cents today, mkt cap under $10m, if I remember right. Older and cooler than Lihir. I have some, but am surprised at their sluggishness...v low volume

[energyi] 06/1/2004 18:58

Analyst report on the way it seems Posted By: Paidmydues
Post Time: 1/5/04 22:34
« Previous Message Next Message »

Last update in the HRA Journal mentioned they had agreed to put together a longer piece on Vangold's behalf ( they do that sometimes for companies they follow) so there whould be a report that will hopefully have some more concrete info on the Kanon projects in particular. I still like Rossland - as a drill spec - but I doubt its too high on the company's list now - everyone is waiting on PNG now.
Vangold ResourcesVC (VAN-V, closing at $0.76) and New Guinea Gold (NGG-V, closing at $0.62) have both traded better than their peers this month, thanks to the strength of their New Guinea holdings. Vangold announced the initial bark and stream sediment sampling is complete at Feni (80% VAN/20% NGG) and results are expected in January, followed by the start up of drilling. Numbers generated by bark sampling tend to be low, but it worked well at Lihir and was a better indicator of subsurface mineralization in these very "young" systems. For its part, NGG released results from trenching last summer at Mt. Penck (60% NGG/40% VAN) which included results such as 97m grading 3.37 g/t gold in Trench 1 and 137m grading 2.36 g/t in Trench 4. Most trenches started and ended in mineralization. NGG plans to start drilling here in Q1 04.

We have agreed to produce a longer review of the Vangold projects which should be completed in mid January (hence the newly added "vc" next to Vangold's symbol above). Since there are so many joint holdings the report should be a useful guide for those following NGG as well. We'll be sending all of you a copy of it in PDF when its completed and VAN will be passing it out at the Cambridge show in January.

[energyi] 24/11/2003 17:44

I will add it to the roster, M.

Some good ideas here:

Some favorites of Ian Gordon: & Others I'm tracking
EmGold (EMR) ............ : Intrepid (IAU) ........ : Kimber (KBR) ........... :


...energy stocks
Corridor Res. (CDH) .... : Pebercan (PBC) ........ : US Gold (USGL)


...more mining stocks
Northgate Expl. (NGX) .. : Joy Manufacturing? (JOYG) .... : PGM Ventures (YPG)


Defiance Mining (DM) .... : DynastyGold (DYG) ..... : Intl.Northair (INM) .... :


Sennen Resources (SN) ... : Intl.Curator (IC) ..... : New??? (LEG) ........... :

[mikkydhu] 24/11/2003 17:21

Also operating in PNG is PGM Ventures, YPG.V, shortly to get financing, I believe, for a jv with Nord Pacific to mine the Simberi deposits..Worth reading Greenstone's postings on Stockhouse as he has more knowledge of what is going on than most. Mkt cap seems small for the ozs.

[energyi] 24/11/2003 16:43

Paidmydues
Posting on StkHse. VAN.BB:

...Lihir is unusual in that it is still "active", that is the hotsprings are still depositing gold as we speak. This makes it tricky in some ways, since you're basically mining a big honking hotspring. One thing to keep in mind is that in a place like PNG you need the deposits to be large, it's a very expensive place to work. That said, the projects they picked seem to mostly have good logistics.

I really like the look of the new project up in the Porgera area, but I can tall you form following Madison in the last bull, that area is reallly expensive to work in. They will likely start with Mt. Penck, great trench results and in a good area, access wise. I know NGG somewhat and the guy who they are getting the new projects from is the son of NGGs president and a pretty well known geologist in Australia in his own right. It's pretty clear he's trying to avoid getting into a situation where you have to spend millions just to try and tie down drill targets. I think if they can show the market it won't cost a fortune to work the results they can pull from projects like Feni and Mt. Penck are going to attract buyers for the stock.

[energyi] 23/11/2003 09:31

New Report on Vangold & its Feni Gold project:

[energyi] 20/10/2003 10:32

C.,
Im not so sure.
I had a meeting with one of their sponsors, who is also a large shareholder.
He believes they have MANY promising properties, and at least one of them,
the Feni Property will soon be drilled by Vangold.

If they hit something big, the current price will look cheap

[corrientes] 17/10/2003 21:39

Energyi - being a MMN holder,I am interested in the New Guinea Gold article.It smells like a Minmet in the making,but if the PM interest accelerates and Joe
Public latches on to it,who knows how high it could go.A real pump and dump stock IMO.


Regards
C.

[energyi] 17/10/2003 18:37

New Guinea Gold,
ARTICLE:

[energyi] 21/9/2003 09:23

Some good ideas here:

[geologic] 20/9/2003 10:46

KINROSS STILL BULLISH?

...
Look at these pullbacks on Light Volume.
Then the RALLIES

[energyi] 16/9/2003 14:10

TWIN MINING -another cheap one?

Stock price ( date of publication ): $0.30
Net asset value: $0.76 ( $350 U.S. / ounce price of gold )
Difference: 156%
Production cost: $154.00 / ounce U.S. ( among the lowest )
Mine life expectancy: 8.7 years

Some factors should be considered when analyzing their potential like risks. For instance, the Burnstone project from Great Basin located in South Africa offers the greatest value but also high risk because of the country's political instability. Twin Mining offers less risk with the Idaho property.

And we are not even talking about diamonds here. The value is only for the U.S. gold mine.

If some of you expected these projects to be done overnight you are invested in a wrong stock / industry.

Twin Mining have to chose what will be mostly profitable for the shareholders. The Jackson Inlet diamond property will need further drillings and tests. I feel that Twin Mining should priorize production of the Idaho gold mine which will be very profitable and generate cash flow for the company ( especially at today's gold price around $375 U.S. ).

Be more patient and you will be rewarded tremendously in the near future.
Some investors today are simply taking profit from the recent surge of the stock price. The market did not like the Abitibi properties acquisitions ( Quebec ). Instead they were expecting to hear more about the recent Jackson Inlet discovery or the Atlanta Gold project ( Idaho ).

You should hold on to your Twin Mining shares since there is a lot of uncertainty out there ( economy, terrorism, Irak occupation ) all contributing to a continued bull gold market.

Contrary to some of you I vote for Twin Mining / gold first and than diamonds ( both if we can afford it ).

[energyi] 15/9/2003 14:49

HUI : Daily, Six Months Chart


Recent Placement Stocks:
v.CHD:
t.NL-:
v.TM-:
v.VAN:

Tom O's Favorites
GFI--:
GG---:
GLG--:
HMY--:
KGC--:
MDG--:
WHT--:
VGZ--:

[energyi] 12/9/2003 18:09

Vangold, old company, new opportunity
Bob Moriarty
September 4, 2003

When you run a financial website, you are constantly searching for the next big thing. Anyone who writes about the small gold stocks wants to be the first person to discover the next NovaGold or Sterling Mining. A few weeks ago, someone with the same last name contacted me as a result of a mix up on the part of Walt Raby. Walt is also a financial writer who has discovered more than his fair share of new and exciting mining companies.

Robin Moriarty, who does the IR work for a new-old junior, got in touch and said Walt told him to contact me. Robin asked me to look over his projects. I get five of these a day. And naturally IR guys are paid to convince people that moose pasture is really a great place to drill for gold. Most of the email I get on these "good deals" goes straight in the trash. But since we shared a last name, I figured I should at least read it over.

I'm neurotic. I suppose, as we get older, we all get a little goofy. Some of us start out goofy and merely get goofier. But since I've started several small businesses, I have my priority list of what I want to see in a soon-to-be-successful junior. First of all, I want management and that's the hardest thing in the world to judge. I think if you could spend five minutes talking to Warren Buffet, he would tell you that that's what makes him successful. It's an art and I don't know how I could teach it. And it isn't taught in books.

You can't figure out much about management from a website. You can get some feel for where they are coming from and where they are headed but you can't get into their heads. But I did see something I really liked. But first, let me digress for a few lines.

When all is said and done, Bre-X may well turn out to be a good thing for the mining industry. The least it accomplished was to clean out the industry. The smartest guy I know in the mining business is Frank Giustra of Endeavour Mining Capital and he jumped ship entirely and went off to found a motion picture studio. I suppose about the second smartest thing you could have done with a mining company is to go into hibernation.

That's the approach taken by what was then Pacific Vangold, and after a name change, Paccom, and as of last Friday, Vangold Resources Ltd. (VAN-V)

Vangold went into hibernation essentially for four years and only began to come out two years ago. Overnight success in the gold business inevitably takes years. President and CEO Dal Brynelsen has spent the last couple of years preparing Vangold for the upturn in the mining cycle. And he's done a hell of a job.

Back on track, let's talk about what I really like to see in a small mining company. My first requirement is management. Good management will find good projects and make money with them. Bad management can destroy good projects. Management is the hardest thing for a new investor to measure but the most critical element.

But the element that brings tears of joy to my eyes is cash flow. Face it, 80% of small mining companies mine investors, not gold or silver. And it's the hardest thing for many of them to convert from a mindset where cash was something to be spent to a mindset where cash is something to be earned (and hopefully to be returned to the original investors).

For the last 5,000 years of recorded history, promoters have used gold mines to shuck unsuspecting investors. Mark Twain made his bones writing for a newspaper in Virginia City during the booming days of the Comstock Lode. Again and again he sunk his cash into a new promising venture only to find they took his money and threw it down a shaft. Literally, he wrote only to make some money to invest in another deal, "too good to be true." But at the end of the day, miners had better figure out how to take better care of their investors. Mining is a capital-intensive business and investors are the lifeblood of the industry.

So I was surprised, no, make that shocked, to find that Vangold actually had invested money in a gas venture in California that actually generated a cash flow. Actually, they did better than generate cash flow; they own a piece of 10 wells after their drill program drilled 10 producing wells in a row. That's unheard of, even in a developed field. And this wasn't. But they were using a proprietary 3-d program that seems to work. It told them where to drill, they did and they struck natural gas (good timing, guys) and now have a cash flow of about $50,000 a month. (All figures are Canadian).

That has a value and in my eyes, cash flow of that nature is probably worth a market cap of about $10 million. Keep that figure in mind because when I came across the company, they had a market cap of about $2.5 million. They are undervalued and the primary problem I had was understanding just how undervalued they were.

After I got over the shock of finding a junior with positive cash flow and profit, I began to go through their portfolio and it's easy to see how Vangold could end up with two or three major projects. The one I really like is the Feni project in Papua New Guinea. It's a blue sky project with a lot of work already done on it and home run potential. The island of Feni is SE of the World Class Lihr mine with 42 million ounces of resources and on the same trend.

Prior work at Feni shows all the precursors of a major gold project with drill results of up to 188 meters of 1.2 g/t. But the most exciting prospect is a totally untested major IP anomaly, which wasn't even discovered until after the last drill program was finished. Naturally it will be the first target of Vangold's next drill program. More information can be found here.

But Vangold isn't a one trick pony or even a two trick pony. They compare the Feni project to Lihir since they share so many similarities. If they can develop a major gold find at Feni, it has world class potential which would rocket the stock 10 times higher or more.

At Rossland, Vangold is returning to their roots. They maintained a claim position even during the dark years. They should. Dal Brynelsen's uncle was one of the most famous mining men of the 20th century in Canada and did much to develop the Rossland District.

Vangold holds a dominant land position within the Rossland Camp of about 1,480 hectares and just added an additional 20 mineral claims as the result of a recent sealed bid auction conducted by the Ministry of Energy and Mines.

The credit for discovering Vangold should rightly belong to David and Eric Coffin of the wonderful Hard Rock Analyst. I'm in the process of getting permission to repost his piece which goes into far more detail on Vangold. As soon as I have it, I will post it.

I like this company and I like their approach. They have generated a regular source of cash which will put them in a far stronger position when negotiating funding in the future. Feni has "out of the park potential" and they have incredible targets to drill. Rossland is more average but the best place to find gold is under the shadow of a headframe and Vangold knows the region.

The biggest danger in buying the stock will be trying to chase it. The stock has moved from the $.20 area to $.70 in three weeks. Don't chase it and don't put in market orders to buy. I see a market setback in gold stocks soon and anything with the home run potential of Vangold will be on my buying list.

Vangold is soon to be an advertiser, we own shares and have participated in a private placement. I bought shares because I like the company so obviously I'm biased. I like home runs and Vangold has homerun potential.

This is neither a buy nor sell recommendation. (That's a stupid thing to say but we have to say it).

@:

[energyi] 26/8/2003 14:53

Well, None of them stayed at $0.70!

Will this one:?
Philex Gold (v.PGI)



Philex Gold Announces New President and Chief Operating Officer (8/19/03)

TORONTO, ONTARIO, Aug 19, 2003 (CCNMatthews via COMTEX) --
Philex Gold Inc. (TSX Venture Exchange - PGI) is pleased to report that Dr. Walter B. Brown has joined the Company as President/Chief Operating Officer and Director effective August 19, 2003. On August 1, 2003, Dr. Brown had assumed the same position of President/Chief Operating Officer of Philex Gold's parent company, Philex Mining Corporation, in the Philippines. He has replaced Mr. Leonardo Josef, who has been re-assigned to directly supervise the parent's Padcal copper-gold operation. Dr. Brown will report to Gerard H. Brimo, Chairman/CEO.
. . .
Philex Gold Inc. is a Canadian mineral exploration company active in the Philippines. Its interests include the 50%-owned North project on Mindanao Island, a joint venture with Anglo American plc. The North project includes the Boyongan copper-gold porphyry deposit, discovered in 2000. Dr. Brown's geological background will be a valuable asset to the Company in its exploration efforts in the Philippines.
...MORE: