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drbubb

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  1. Why This “Bad News” Could Cause Uranium Stocks to Soar By Justin Spittler, editor, Casey Daily Dispatch Cameco just rattled the uranium market… again. Cameco, as you may know, is the world’s biggest publicly traded uranium producer. Last November, it suspended operations at its flagship McArthur River Mine and Key Lake Mill complex. The shutdown went into effect in January. It was supposed to last 10 months. It was a major announcement, as I explained at the time. You see, the shutdown was poised to remove 13.7 million pounds of uranium production from the global supply—about 9% of production worldwide. Cameco did this because uranium prices were so low that it couldn’t turn a profit. But idling McArthur for 10 months wasn’t long enough. • This past Wednesday, Cameco said it would keep McArthur offline indefinitely… It did so because uranium prices are still too low. Here’s a statement from the company: Cameco will lay off about 550 workers at the facility as a result. It will also terminate 150 positions at its corporate headquarters. This is a huge deal. You see, McArthur is the world’s biggest uranium production facility. When up and running, it produces about 18 million pounds of uranium every year. That’s about 15% of the world’s uranium production
  2. SSP.v / Sandspring Resources ... update : GCM has about 15%, could go over 20% In connection with completion of the Transaction, Gran Colombia received 15,000,000 common shares of the Company in consideration for their interest in the Chicharron Project. Gran Colombia acquired a further 16,000,000 Units of the Company in connection with the private placement. Following completion of the Transaction and the private placement, Gran Colombia has control and direction over an aggregate of 31,000,000 common shares and 16,000,000 share purchase warrants. The common shares controlled by Gran Colombia represent approximately 14.78% of the outstanding common shares of the Company. Assuming exercise of just the warrants controlled by Gran Colombia, when combined with their existing ownership, they would have control and direction over 47,000,000 common shares representing approximately 20.83% of the then outstanding common shares of the Company. Read more at http://www.stockhouse.com/companies/bullboard#criACRLM6ZW4u2C3.99 RE:RE:of interest people don't understand it or we really have to wait until the 2018 debentures are gone ..... this deal with Sandspring Res. is perfect from value view ... 2 great projects one of them next to segovia... i think its possible GCM will take over Sandspring later ... the project next to the Segovia mine has high potential ... and GCM owns 20% of the entire company nowe (after warrants) .... Read more at http://www.stockhouse.com/companies/bullboard#XHblTWToTJuY74Km.99 GCM.t / Gran Columbian Gold ... update :
  3. Acquisition of Silver-Gold Project in the Segovia-Remedios Mining District of Antioquia, Colombia Thu July 26, 2018 7:00 AM|GlobeNewswire|About: SSPXF DENVER and VANCOUVER, British Columbia, July 26, 2018 (GLOBE NEWSWIRE) -- Sandspring Resources Ltd. (TSX-V:SSP) (OTCQX:SSPXF) (the “Company”) is pleased to announce completion of the acquisition (the “Transaction”) of the rights to a 386-hectare land package located in the Segovia-Remedios mining district of Antioquia, Colombia (the “Chicharron Project”), which includes the historic silver-gold producing Guia Antigua Mine. The Chicharron Project was previously held through an unincorporated joint venture arrangement between Industrias Argentum SAS, a Colombian company, and a Colombian branch office of a subsidiary of Gran Colombia Gold Corp. (TPRFF) (TSX: GCM) (“Gran Colombia”). The Company has acquired control of one-hundred percent (100%) of the Chicharron Project in consideration for the issuance of 36,000,000 common shares, a cash payment of US$1,000,000, and the reimbursement of certain expenses. All securities issued in connection with the Transaction are subject to a four-month-and-one-day statutory hold period. . . . Gran Colombia has initially nominated Lombardo Paredes Arenas, and AAVN Consulting has nominated Federico Restrepo-Solano, both of whom have been appointed to the board of directors effective immediately. Federico Restrepo-Solano is a Colombian business executive with more than 27 years of experience in the mining, oil and infrastructure industries. Currently he is a Partner and Corporate Director of Qvartz Capital Partners, a strategic advisory firm... Lombardo Paredes-Arenas serves as Chief Executive Officer of Gran Colombia... Private Placement The Company also announces that it has completed an oversubscribed private placement of 41,000,000 units (each, a “Unit”) at a price Cdn$0.25 per Unit, for gross proceeds of Cdn$10,250,000. Each “Unit” consists of one common shares and one share purchase warrant entitling the holder to purchase one additional share at Cdn$0.40 for a period of sixty (60) months. The placement was oversubscribed by 5,000,000 Units following strong investor interest, and included a subscription from Gran Colombia for 16,000,000 Units. Richard Munson, President and Chief Executive Officer of the Company, commented, “We are very pleased to have closed the acquisition of the Chicharron Project and are excited to begin our initial exploration work and simultaneously evaluate the opportunities for resuming mining activity at the Guia Antigua Mine. We are also moving immediately to seek the assistance of the Gran Colombia team in reviewing the development plans for Toroparu, our flagship property in Guyana. The experience of Serafino Iacono, Executive Co-Chairman of Gran Colombia, and his team in developing and operating the Choco Mine in the Guiana Shield will be invaluable to the Company. Read more at http://www.stockhouse.com/companies/bullboard#criACRLM6ZW4u2C3.99
  4. RED Residences in location ... Larger Image : You can see where Red Residences will rise up - next to Paseo de Roces (from Federal Land) It is a short walk along Chino Roces to what I call "Little China". Walk down the street for 3-5 minutes, and turn left See also comments in the other Chino de Roces thread: Chino Roces / WalterMart to Magallanes - A future Hotspot?
  5. Golden Valley vs. Abitibi Royalties / GZZ owned 51% of RZZ in 2015 : d#1 : m#2 : RZZ-etc w/ GZZ.v ... from Beg. 2016 :
  6. More relevant? than when this video was made - in Aug, 2015 Donald Trump : The Don Meets the Real Boss "You have Meddled, Mr Trump! " "You will atone!"
  7. America's Decay and 50 Years of Deep State Control OUR SITUATION looks much more hopeful now ... than it did Four Years ago, in the Middle of Obama's second term America After the Coup pt1: Leader of the Decaying World
  8. If there really is a "TRUMP INSURGENCY" (MAGA?) SPY (etf for S&P500) vs GAF stocks ... update then taking down or co-opting the Silicon Valley giants (& their leftwing globalism) is likely to be part of it > https://medium.com/deep-code/situational-assessment-2017-trump-edition-d189d24fc046 The Trump Insurgency : Situational Assessment I want to focus specifically on the victory of the “Trump Insurgency” and drill down into detail on how this state change will play out. the election of 2016 was not an example of “ordinary politics”.... the only real pattern I can find is the 1776 “election” (AKA the American Revolution). In other words, while 2016 still formally looked like politics, what is really going on here is a revolutionary war. For now this is war using memes rather than bullets, but war is much more than a metaphor. This war is about much more than ideology, money or power. Even the participants likely do not fully understand the stakes. At a deep level, we are right in the middle of an existential conflict between two entirely different and incompatible ways of forming “collective intelligence”. ..... So I’m going to ... walk through a series of “fronts” of the war that I see playing out over the next several years. Front One: Communications Infrastructure. .... the first step of any conflict is to disrupt the enemy’s communications and control infrastructure. Our legacy sensemaking system was largely composed of and dominated by a small set of communications channels. These included the largest newspapers (e.g., NYT and Washington Post) and television networks (e.g., CNN, CBS, Fox, etc.). Until very recently, effectively all sensemaking was mediated by these channels and, as a consequence, these channels delivered a highly effective mechanism for coordinated messaging and control. ... ..... Rather than endeavoring to establish control over the legacy infrastructure, the Trump Insurgency is in the process of destroying it entirely and replacing it with a very different architecture. .... ....They are simultaneously attacking the legacy power structures on multiple fronts (access, business viability and, in particular, legitimacy) while innovating entirely novel approaches to the problem of large scale communications and control (e.g., direct tweets from POTUS). ... .... The Trump Insurgency .... form of governance is structurally incompatible with the legacy media architecture. It is intrinsically dissonant with the kind of top-down, slow, controlled, synchronized approach of the old media. It therefore both must dismantle this architecture and replace it with one that is in synch with its mode of operation and, thereby, benefits massively by hamstringing any collective intelligence that works in the old top-down fashion (i.e., all existing forces currently at play). I fully expect the Insurgency to win this fight. .... I expect the memetic efficacy of the New York Times, CNN, the Washington Post, MSNBC and related channels to be near zero within the next two to four years. I would not be surprised to see several of these entities actually out of business. ... the relative position of “new media” such as Twitter, Facebook and YouTube is harder to predict. I suspect that most of the important conflict of this front will take place here. Right now, all of new media is controlled by forces broadly opposed to the Insurgency. Yet the Insurgency must establish dominance on this territory. They can accomplish this either by capturing these existing platforms (aka “bend the knee” capitulation) or by moving the center of power to new platforms that are aligned with the Insurgency (e.g., gab.ai replacing Twitter)..... ... the decisive decision... is whether the “new media” remain coupled to the legacy power structures .... or decouple and enter into a direct conflict for “decentralized supremacy” .... If they choose the former, they will lose. If they choose the latter, the outcome is hard to predict. Front Two: The Deep State In ordinary politics, an elected candidate is expected to integrate with and make relatively small fine-tuning changes to the existing state apparatus and the mass of career bureaucrats that make up most of the actual machinery of government (AKA the “deep state”). .... .... the Trump Insurgency has identified the Deep State itself as its central antagonist and is engaged in a direct existential conflict with it. Normally this would be an easy win for the Deep State. .... The Deep State is massive, has access to vast resources and capabilities and has been in the business of controlling power for decades. But two things are moving in the Insurgency’s favor. First, the Deep State appears to be fragmented. For example, the “Russian Hacking” scenario of the past two months looks surprisingly uncoordinated and incompetent. .... it is clearly not the product of a unified and smoothly operating Deep State. Second, it seems highly likely that the Deep State is prepared to fight “the last war” while the Insurgency is bringing an entirely different kind of fight.... Let’s take a look at the “fake news” meme for example. This has all the earmarks of a Deep State initiative. .... this was a Deep State response to the Communications Infrastructure fight. But it looks like this initiative has not only failed, but that the Insurgency has been able to ... to turn the entire thing around and make “fake news” its own tool. .. .. the balance of the struggle ... will be determined by how quickly the Deep State can dispense with old and dysfunctional doctrine and innovate novel approaches... .... the Deep State would be ill advised indeed to undertake any major efforts in the next 12–24 months.... ... the Insurgency would be well advised to Blitzkrieg. Right now it has the advantage of an approach and a model that its opponent doesn’t understand and can’t react to effectively. ..... Front Three: Globalism ... if Trump clearly stood for anything, resisting the “false song of globalism” was it. .... What is flat out astounding is the relative ease with which Trump has been able to cut through globalist Gordian Knots. For half a decade, the Trans-Pacific Partnership was an unstoppable juggernaut. Until, that is, Trump decided to end it. .... ... it is a significant victory and I am certain that it will embolden the Insurgency. At this point, I expect the Insurgency to cut deep into globalist power institutions (the World Bank, the UN, various treaty organizations) and, ... globalist-allied national institutions like the Federal Reserve. ...I see only two real moves available to the globalists. 1) economic destabilization hoping to turn “the people” against the Insurgency; 2) some kind of social/military destabilization. But I don’t give the globalists much of a chance.... ...Notably, even large multi-national corporations  ...seem to be rapidly capitulating to the Insurgency. The two major globalist forces that have not yet been publicly tested are the energy companies and the banks. What will happen here remains to be seen. ... The net-net result of this front will be a significant weakening of the post-War global institutional order and a rebalancing of power along ... nationalist alignments. ... more at link
  9. If there really is a "TRUMP INSURGENCY" (MAGA?) SPY (etf for S&P500) vs GAF stocks ... update then taking down or co-opting the Silicon Valley giants (& their leftwing globalism) is likely to be part of it > https://medium.com/deep-code/situational-assessment-2017-trump-edition-d189d24fc046 The Trump Insurgency : Situational Assessment I want to focus specifically on the victory of the “Trump Insurgency” and drill down into detail on how this state change will play out. the election of 2016 was not an example of “ordinary politics”.... the only real pattern I can find is the 1776 “election” (AKA the American Revolution). In other words, while 2016 still formally looked like politics, what is really going on here is a revolutionary war. For now this is war using memes rather than bullets, but war is much more than a metaphor. This war is about much more than ideology, money or power. Even the participants likely do not fully understand the stakes. At a deep level, we are right in the middle of an existential conflict between two entirely different and incompatible ways of forming “collective intelligence”. ..... So I’m going to ... walk through a series of “fronts” of the war that I see playing out over the next several years. Front One: Communications Infrastructure. .... the first step of any conflict is to disrupt the enemy’s communications and control infrastructure. Our legacy sensemaking system was largely composed of and dominated by a small set of communications channels. These included the largest newspapers (e.g., NYT and Washington Post) and television networks (e.g., CNN, CBS, Fox, etc.). Until very recently, effectively all sensemaking was mediated by these channels and, as a consequence, these channels delivered a highly effective mechanism for coordinated messaging and control. ... ..... Rather than endeavoring to establish control over the legacy infrastructure, the Trump Insurgency is in the process of destroying it entirely and replacing it with a very different architecture. .... ....They are simultaneously attacking the legacy power structures on multiple fronts (access, business viability and, in particular, legitimacy) while innovating entirely novel approaches to the problem of large scale communications and control (e.g., direct tweets from POTUS). ... .... The Trump Insurgency .... form of governance is structurally incompatible with the legacy media architecture. It is intrinsically dissonant with the kind of top-down, slow, controlled, synchronized approach of the old media. It therefore both must dismantle this architecture and replace it with one that is in synch with its mode of operation and, thereby, benefits massively by hamstringing any collective intelligence that works in the old top-down fashion (i.e., all existing forces currently at play). I fully expect the Insurgency to win this fight. .... I expect the memetic efficacy of the New York Times, CNN, the Washington Post, MSNBC and related channels to be near zero within the next two to four years. I would not be surprised to see several of these entities actually out of business. ... the relative position of “new media” such as Twitter, Facebook and YouTube is harder to predict. I suspect that most of the important conflict of this front will take place here. Right now, all of new media is controlled by forces broadly opposed to the Insurgency. Yet the Insurgency must establish dominance on this territory. They can accomplish this either by capturing these existing platforms (aka “bend the knee” capitulation) or by moving the center of power to new platforms that are aligned with the Insurgency (e.g., gab.ai replacing Twitter)..... ... the decisive decision... is whether the “new media” remain coupled to the legacy power structures .... or decouple and enter into a direct conflict for “decentralized supremacy” .... If they choose the former, they will lose. If they choose the latter, the outcome is hard to predict. Front Two: The Deep State In ordinary politics, an elected candidate is expected to integrate with and make relatively small fine-tuning changes to the existing state apparatus and the mass of career bureaucrats that make up most of the actual machinery of government (AKA the “deep state”). .... .... the Trump Insurgency has identified the Deep State itself as its central antagonist and is engaged in a direct existential conflict with it. Normally this would be an easy win for the Deep State. .... The Deep State is massive, has access to vast resources and capabilities and has been in the business of controlling power for decades. But two things are moving in the Insurgency’s favor. First, the Deep State appears to be fragmented. For example, the “Russian Hacking” scenario of the past two months looks surprisingly uncoordinated and incompetent. .... it is clearly not the product of a unified and smoothly operating Deep State. Second, it seems highly likely that the Deep State is prepared to fight “the last war” while the Insurgency is bringing an entirely different kind of fight.... Let’s take a look at the “fake news” meme for example. This has all the earmarks of a Deep State initiative. .... this was a Deep State response to the Communications Infrastructure fight. But it looks like this initiative has not only failed, but that the Insurgency has been able to ... to turn the entire thing around and make “fake news” its own tool. .. .. the balance of the struggle ... will be determined by how quickly the Deep State can dispense with old and dysfunctional doctrine and innovate novel approaches... .... the Deep State would be ill advised indeed to undertake any major efforts in the next 12–24 months.... ... the Insurgency would be well advised to Blitzkrieg. Right now it has the advantage of an approach and a model that its opponent doesn’t understand and can’t react to effectively. ..... Front Three: Globalism ... if Trump clearly stood for anything, resisting the “false song of globalism” was it. .... What is flat out astounding is the relative ease with which Trump has been able to cut through globalist Gordian Knots. For half a decade, the Trans-Pacific Partnership was an unstoppable juggernaut. Until, that is, Trump decided to end it. .... ... it is a significant victory and I am certain that it will embolden the Insurgency. At this point, I expect the Insurgency to cut deep into globalist power institutions (the World Bank, the UN, various treaty organizations) and, ... globalist-allied national institutions like the Federal Reserve. ...I see only two real moves available to the globalists. 1) economic destabilization hoping to turn “the people” against the Insurgency; 2) some kind of social/military destabilization. But I don’t give the globalists much of a chance.... ...Notably, even large multi-national corporations  ...seem to be rapidly capitulating to the Insurgency. The two major globalist forces that have not yet been publicly tested are the energy companies and the banks. What will happen here remains to be seen. ... The net-net result of this front will be a significant weakening of the post-War global institutional order and a rebalancing of power along ... nationalist alignments. ... more at link
  10. ARE COINCIDENCES MEANINGFUL? Brush these off, if you can... From '01 to '05 there was an ongoing investigation into the Clinton Foundation. Governments had donated to the “Charity”. Yet, from 2001 to 2003 none of those “Donations” were declared. Guess who took over this investigation in 2002? By: alexmark None other than James Comey. Isn’t that interesting… It gets better, well not really, but this is all just a series of strange coincidences, right? Guess who ran the Tax Division inside the Department of Injustice from 2001 to 2005? None other than the Assistant Attorney General of the United States, Rod Rosenstein. Now, that’s interesting, isn’t it? Guess who was the Director of the Federal Bureau of Investigation during this time frame? I know, it’s a miracle, just a coincidence, just an anomaly in statistics and chances, Robert Mueller. What do all four casting characters have in common? They all were briefed and/or were front line investigators into the Clinton Foundation Investigation. Now that’s just a coincidence, right? Ok, lets chalk the last one up to mere chance. Let’s fast forward to 2009. James Comey leaves the Justice Department to go and cash-in at Lockheed Martin. Hillary Clinton is running the State Department, on her own personal email server by the way. The Uranium One “issue” comes to the attention of the Hillary. Like all good public servants do, you know looking out for America’s best interest, she decides to support the decision and approve the sale of 20% of US Uranium to none other than, the Russians. Now you would think that this is a fairly straight up deal, except it wasn’t, the People got absolutely nothing out of it. However, prior to the sales approval, none other than Bill Clinton goes to Moscow, gets paid $500 K for a one-hour speech then meets with Vladimir Putin at his home for a few hours. Ok, no big deal, right? Well, not so fast, the FBI had a mole inside the money laundering and bribery scheme. Guess who was the FBI Director during this timeframe? Yep, Robert Mueller. He even delivered a Uranium Sample to Moscow in 2009. Guess who was handling that case within the Justice Department out of the US Attorney’s Office in Maryland. None other than, yup, Rod Rosenstein. Guess what happened to the informant? The Department of Justice placed a GAG order on him and threatened to lock him up if he spoke out about it. How does 20% of the most strategic asset of the United States of America end up in Russian hands when the FBI has an informant, a mole providing inside information to the FBI on the criminal enterprise MORE: http://www.investmentwatchblog.com/from-01-to-05-there-was-an-ongoing-investigation-into-the-clinton-foundation-governments-had-donated-to-the-charity-yet-from-2001-to-2003-none-of-those-donations/
  11. A MIRROR - to be held up to Democrats "THIS is What They Have Produced??" Candace REACTS to "Unhinged" Dems
  12. OPENING DAY People turned up, though few shops were opened yet -- as shown in SSC photos There's a FREE BUS Ride from Gloriette for the next few days
  13. Rise Neighbors West End Square (from Eton) approaches completion Tiara Hotel (yellow colored) maintains a "protected" position near Rise. Probably this building will stay there for years and years, and the view of Rise flats looking over it will remain un-disturbed
  14. URANIUM UP on Production closing News... Cameco (CCJ) too U.t / Uranium Participation ... update CCJ / Cameco Corp ... update : 10d-CCJ-vsU : Cameco reports second quarter results and its decision to suspend production at McArthur River and Key Lake for an indeterminate duration Cameco (TSX:CCO) (NYSE:CCJ) today reported its consolidated financial and operating results for the second quarter ended June 30, 2018 in accordance with International Financial Reporting Standards (IFRS). “Our results reflect the impact of a weak uranium market and the deliberate actions we have taken driven by the goal of increasing long-term shareholder value,” said Tim Gitzel, Cameco’s president and CEO. “We continue to expect to generate strong cash flow this year as we draw down inventory and focus on operating efficiently. However, we have not seen the improvement needed in the uranium market to restart McArthur River and Key Lake. “This means we will extend the suspension of production at McArthur River and Key Lake for an indeterminate duration. It was a difficult decision to make, because of the impact it will have on our employees, their families, and other stakeholders, but we must take this action to ensure the long-term sustainability of the company. We thank our workforce for their hard work and dedication. “We believe our assets are among the best in the world, and we will continue to show the type of leadership needed to position the company to add significant value over the long-term. We will not produce from our tier-one assets to deliver into an oversupplied spot market. Until we are able to commit our production under long-term contracts that provide an acceptable rate of return for our owners, we do not plan to restart. “As 2018 unfolds, we will continue to evaluate the market signals. However, we remain resolved in our efforts to maximize cash flow, while maintaining our investment-grade rating so we can self-manage risk and preserve the value of our tier-one assets.” Summary of second quarter results and developments: Net losses of $76 million; adjusted net losses of $28 million: Results were impacted by lower gross profit in our uranium and fuel services segments. A persistently weak market continues to impact our business and contributed to weaker realized uranium prices in the quarter compared to the second quarter last year. In addition, as expected, the average unit cost of sales in our uranium segment was higher compared to the second quarter of 2017 as a result of the care and maintenance costs we are incurring at McArthur River and Key Lake while production is suspended, and in the US now that production has ceased... McArthur River/Key Lake suspension extended for indeterminate duration: This action will result in the permanent layoff of approximately 550 site employees, including those currently on temporary layoff since January of this year. A reduced workforce of approximately 200 employees will remain at the McArthur River and Key Lake sites ... We expect our share of the costs to maintain both sites to range between $5 million and $6 million per month once these layoffs take effect. In addition, to further decrease costs, the workforce at Cameco’s corporate office will be reduced by approximately 150 positions including employees and vacancies. As a result of the layoffs at the two sites and corporate office, we expect to incur between $40 million and $45 million in severance costs in the third quarter... Updated annual outlook: We have made the following updates to our 2018 financial outlook table in our second quarter MD&A: our consolidated revenue is expected to be between $1,890 million and $2,140 million; in our uranium segment we expect our delivery volumes to be between 34 million and 35 million pounds, revenue of between $1,550 million and $1,640 million, an average realized price of $46.10 per pound, and our average unit cost of sales between $40 per pound and $42 per pound. > MORE: https://globenewswire.com/news-release/2018/07/25/1542314/0/en/Cameco-reports-second-quarter-results-and-its-decision-to-suspend-production-at-McArthur-River-and-Key-Lake-for-an-indeterminate-duration.html
  15. SIGNS - are appearing in Chinese writing in restaurant windows "Chinese style-BBQ", I am told this says Fire Station is a short walk (from "Little China") down Amorsolo St. Previously the restaurant featured Philadelphia style cheese steak sandwiches
  16. Wallbridge Mining (WM.t) - is the stock now Ready to Roll? (again) WM.t ... 10yr : 5yr : 3yr : 2yr : 12mo : 6mo : 10d -- last: C$0.09 : 3yr : The impressive Drill results, announced yesterday, will help - hence the 3Mn in volume 100 BOXER calculations Visible gold was observed to be present in 18 / of 25 drill holes, only xx were assayed HOLE, 18-1030 in the Chipotle zone (First 3), Paprika zone (4th result) NO.-: "box" : g/t GOLD: #006: 038.3 = 15.91 x2.41m. #007: 023.4 = 16.72 x1.40m. #008: 033.3 = 09.27 x3.59m., incl. 17.37 x1.58m (- 027.4= 05.9) #009: 122.8 = 35.91 x3.42m., incl. 63.33 x1.70m (- 107.7= 15.1)
  17. Wallbridge Intersects 35.91 g/t Gold over 3.42 M & Reaches First Mining Level at Fenelon TORONTO, July 25, 2018 - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to announce positive initial results from its underground drill program and to provide an update on the ongoing development as part of the 35,000-tonne bulk sample and underground exploration program at its 100%-owned Fenelon Gold Property ("Fenelon"). Highlights To date, 25 drill holes have been completed totaling nearly 2,500 metres. Visible gold was observed to be present in 18 drill holes. Full assay results of only the first 4 holes have been received so far with highlights as follows: 18-1030-006: 15.91 g/t gold over 2.41 metres in the Chipotle zone 18-1030-007: 16.72 g/t gold over 1.40 metres in the Chipotle zone 18-1030-008: 9.27 g/t gold over 3.59 metres, including 17.37 g/t gold over 1.58 metres in the Chipotle zone 18-1030-009: 35.91 g/t gold over 3.42 metres, including 63.33 g/t gold over 1.70 metres in the Paprika zone. Assay results from additional 21 drill holes are pending. The 18,000 metres drilling program from underground and surface is planned to continue until December 2018, results of which will be disclosed continuously. Reached the first mining level (5195 Level) with first stope production expected in August "The progress of our bulk sample is on budget and schedule and importantly without any safety or environmental issues. Since initiating our exploration program in early June of this year, which so far has included nearly 2,500 metres of underground drilling, we have continued to refine and increase the confidence in our geological model and confirm the kind of grades we expect to deliver from this bulk sample," stated Marz Kord, President & CEO of Wallbridge. "We are quite excited with the high-grade intersections in these first 25 holes, 18 of which have visible gold. Due to their high-grade nature, a more robust assaying technique is needed, namely screen metallic, and as such assaying takes longer. We are eagerly awaiting the results of the rest of the drilled holes and look forward to continuation of the drilling which is planned for the rest of 2018. Over the next several months, we expect to continue to demonstrate the significant growth potential of Fenelon." The bulk sample program is designed to test six to seven stopes in several zones. Expected overall grade from these planned stopes is estimated to be 18 to 25 g/t gold. The geology team has developed an extensive sampling program to characterize the mineralized material during this bulk sample. Chip samples are collected from a sampling line across each development face and muck samples are also taken in a regular pattern on surface. Drilling to date from the 5213 exploration drift has mainly targeted the Chipotle and Naga Viper zones in the upper 100 m, between levels 5132 and 5213. So far, six stopes have been drilled-off to the planned 6 to 7 m nominal spacing providing good confirmation of the geological model and continuity of the high-grade shoots. Drilling is now focusing on four additional stopes in the Naga Viper zone, including the high-grade shoot discovered last year with intersections that included 260.4 g/t Au over 7.02 metres, 141.2 g/t gold over 7.06 metres and 311.1 g/t gold over 3.06 metres (see Wallbridge Press Release dated December 13, 2017 ). "Drilling so far has confirmed our modeling of the high-grade shoots and provides us with sufficient information now to optimize the stopes to be taken during the bulk sample. We continue defining high-grade shoots for future production, including some in the Naga Viper and Habanero zones discovered just last year. It will be an exciting phase of in-fill and resource expansion drilling. We will release results of this program as frequently as we receive assays results." A summary of the drill hole results from the underground drilling are reported in Tables 1 and 2 and also shown on Figures 1, 2, 3, 4 and 5 below. *Au capped at 140 g/t following InnovExplo's 2016 Mineral Resource Estimate. **Intervals containing visible gold ("VG"). *Intervals containing visible gold ("VG"). Deeper drilling to test the down-plunge of known high-grade shoots is planned for Q4 of 2018 once the lower levels are developed. A 10,000 metre surface drilling program is also scheduled to start in the latter part of this year to follow known mineralized zones and expand resources at depth and further away from the mine workings. Wallbridge's Fenelon Gold Property is located in northwestern Quebec proximal to the Sunday Lake Deformation Zone ("SLDZ") which hosts the Detour Gold Mine in Ontario, and Balmoral Resources' gold deposits at Martiniere. The Fenelon Gold Property hosts the Discovery Zone gold deposit and surrounding 4 km strike length of a gold-hosting secondary splay of the SLDZ. Since acquiring the property in late 2016, Wallbridge has completed an updated resource estimate and a positive pre-feasibility study on the existing resource (see Wallbridge Press Release dated February 02, 2017 ). In addition, Wallbridge has completed 33 drill holes totalling 6,348 metres in three surface exploration drilling campaigns at Fenelon. Drilling significantly extended existing zones and discovered several new parallel zones (see Wallbridge Press Release dated December 13, 2017 ). The current 35,000 tonne bulk sample and underground drilling program is designed to provide the information needed to make a production decision by Q1 2019. Drill core samples from the ongoing drill program at Fenelon were cut and bagged on site and transported to SGS Canada Inc. Samples, along with standards, blanks, and duplicates included for quality assurance and quality control, were prepared and analyzed at SGS Canada Inc. laboratories. Samples are crushed to 90% less than 2mm. A 1kg riffle split is pulverized to >95% passing 106 microns. 50g samples are analyzed by fire assay and AAS. For samples >10g/t Au, 50g is automatically analyzed by fire assay with gravimetric finish. To test for coarse free gold and for additional quality assurance and quality control, Wallbridge requests screen metallic analysis for samples containing visible gold. These and future assay results may vary from time to time due to re-analysis for quality assurance and quality control.
  18. PSEI Index still in Rally mode. But the rally may be capped I think a target of about 7,800 looks likely - watch ALI / AyalaLand for clues. PSEI / PH Stock Exchange Index ... update : fr.8.1.2017: w/ALI : fr. 8.1.2017 : w/ALI : flipped w/vol. / w/smph+meg : PSEI is being led higher by ALI & MEG (among others) PSEI vs- ALI, MEG... BPI & SMPH ... update :
  19. SILVER Stocks - many are still in a downtrend FRES.L is ... update - some gold etfs are bucking the downtrend / Last: GBP 1,053.50 -52.50 -4.75% Korea Zinc remains in a downtrend too ... update / Last : xx - unable to get above resistance at 400,000
  20. ENHANCED INCOMES - with the development of Techzone / "Little China" RT posted on one of the viber chats: "Just saw a facebook ad. Multiple jobs requiring Mandarin. 60-140k. That means lots of spare investment money." Example - but not from FB > source My reaction: + If they spend 30% of P140k on housing- that's P42,000 a month - it may help push up rents for certain flats. + If you take 1/3 of that - you can rent/buy some decent housing with that. If people BUY instead, they might buy a P5-6 million flat, and perhaps more (if they have some savings or other income to add to value of the purchase) + Could help valuations on places like The Rise and Air, with values now near P6million - and also at Kroma where 1 BR were valued at P8-10 million not long ago + Ayala will want some of those jobs at their new BPO buildings at CityGate and Circuit. And Filinvest will want them at 100 West - to help them rent & sell more flats, if nothing else
  21. McEwen Mining Reports Q2 2018 Production Results TORONTO, July 16, 2018 (GLOBE NEWSWIRE) -- McEwen Mining Inc.(NYSE:MUX) (TSX:MUX) reports consolidated production for Q2 2018 of 36,959 gold ounces and 772,432 silver ounces, or 47,258 gold equivalent ounces(1)(“GEOs”), using a 75:1 gold to silver ratio. Consolidated Production Summary Q2 ‘18 Q1 ‘18 Q4 ‘17 Q3 ‘17 Q2 ‘17 Gold ounces 36,959 35,069 48,609 19,051 22,191 Silver ounces 772,432 695,651 926,739 749,749 779,487 GEOs 47,258 44,344 60,965 29,047 32,584 Highlights of the second quarter from our four mines including our newest mine in Nevada, which is under construction, are as follows: Gold Bar Mine, USA (100%) Construction activities at Gold Bar focused on the heap leach pad, and installation of the crushing and process facility. All major equipment and bulk materials are either on site or purchased. Engineering for the project is complete and approximately 90% of contracts are awarded. Construction is advancing on schedule for completion by the end of 2018, targeting production in Q1 2019. During the first three years of operation beginning with 2019, Gold Bar is projected to produce 55,000, 74,000 and 68,000 ounces of gold respectively. Black Fox Mine, Canada (100%) Black Fox produced 14,055 GEOs, in line with our full year production guidance for 2018 of 48,000 GEOs. A $15 million exploration program is ongoing across the Black Fox Complex, drilling results and other developments will be released quarterly, with the next update planned in the coming weeks. El Gallo Mine, Mexico (100%) El Gallo produced 10,808 GEOs, in line with our budget and full year production guidance for 2018 of 32,000 GEOs. By the end of Q2, mining and crushing activities ceased and contractor equipment has been demobilized from the mine site. Closure, reclamation and residual heap leach activities are ongoing and will continue for several years. A new Preliminary Economic Assessment (PEA) study on the potential restart of production from the El Gallo Complex at some point in the future was published on July 9, 2018. The proposed development plan evaluated in the PEA is called Project Fenix. The key outcomes of Project Fenix include an average annual production rate of 47,000 ounces gold equivalent (AuEq), a 12-year mine life, low initial capital cost of $41 million for Phase 1 and $30 million for Phase 2, and pay-back period of 4.1 years. At current gold and silver prices the after-tax internal rate of return (IRR) is 28%, and the net present value (NPV) at a 5% discount rate is $60 million. Capital cost estimates for Project Fenix are to a level of accuracy that is consistent with a PEA technical report. During the next 14 months we will continue to review mineral processing, mine sequencing, material transportation and tailings storage options; and the flow sheet will be optimized by undertaking trade-off studies, updating cost models and additional metallurgical testwork. The PEA is available for review on our website and SEDAR (http://www.sedar.com). San José Mine, Argentina (49%(2)) Our attributable production from San José was 12,139 gold ounces and 769,197 silver ounces, for a total of 22,395 GEOs. Production is on-track to achieve our full year guidance for 2018 of 91,000 GEOs. We received approximately $2.4 million in dividends from our interest in San José during Q2. First Quarter Financial Results Operating costs for the quarter ended June 30, 2018 will be released with our 10-Q Quarterly Financial Statements in early August. As of July 9, 2018 we are debt-free with liquid assets of approximately $30 million. ABOUT MCEWEN MINING McEwen’s goal is to qualify for inclusion in the S&P 500 Index by creating a profitable gold and silver producer. McEwen’s principal assets consist of: the San José mine in Santa Cruz, Argentina (49% interest); the El Gallo Gold mine in Mexico; the Black Fox mine in Timmins, Canada; the Gold Bar mine in Nevada that is currently under construction; and the large Los Azules copper project in Argentina that is advancing towards permitting. McEwen has a total of 337 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 24% of the shares. > MORE: http://crweworld.com/article/news-provided-by-globenewswire/737053/mcewen-mining-reports-q2-2018-production-results
  22. Southern California home sales crash, warning sign to nation... Chinese Investors Retreat... Sales of both new and existing houses and condominiums dropped 11.8 percent year over year, as prices shot up to a record high, according to CoreLogic. The median price paid for all Southern California homes sold in June was a record $536,250, according to CoreLogic, a 7.3 percent increase compared to June of 2017. In the past, California, one of the largest housing markets in the nation, has been a predictor for the rest of the country. Southern California home sales hit the brakes in June, falling to the lowest reading for the month in four years. Sales of both new and existing houses and condominiums dropped 11.8 percent year over year, as prices shot up to a record high, according to CoreLogic. The report covers Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties. Sales fell 1.1 percent compared with May, but the average change from May to June, going back to 1988, is a 6 percent gain. The weakness was especially apparent in sales of newly built homes, which were 47 percent below the June average. Part of that is that builders are putting up fewer homes, so there is simply less to sell. . . . Chinese investors become net sellers of U.S. commercial property for the first time in a decade By Esther Fung / July 24, 2018 Chinese real-estate investors, facing pressure from Beijing, are reversing a yearslong buying spree in the U.S. where they often paid record prices for marquee properties like New York’s Waldorf Astoria hotel. Chinese insurers, conglomerates, and other i...
  23. In late June, someone wrote: "All gold stocks are going no where, we need higher gold prices, period." : post BUT LOOK what has happened: MUX - vs. GDXJ, SKV, SIL ... update
  24. Post on Bullboard: June 21, 2018 - 05:15 PM 225 Reads McEwen Mining Inc. (NYSE: MUX) has the goal to qualify for inclusion in the S&P 500 Index by creating a profitable gold and silver producer focused in the Americas. McEwen recently announced the results of a new Preliminary Economic Assessment, evaluating the potential extension of production from its 100% owned El Gallo Complex in Sinaloa, Mexico. The proposed redevelopment plan evaluated in the PEA is called Project Fenix. The key outcomes of Project Fenix include an average annual production rate of 47,000 ounces of gold equivalent, low initial capital cost, mine pay-back of 4 years, and an after-tax IRR of 25% at current gold and silver prices. "Project Fenix shows that El Gallo has the potential to be retooled to produce silver and gold for years into the future. The current heap leach gold mine would transform first to a mill and process the residual heap leach pad material, then additional mill modifications would enable processing of silver and gold ores from four other deposits. This plan depends on innovative in-pit tailings disposal that we think is a win-win for all stakeholders. Over the coming quarters we intend to advance environmental permitting and refine our plans with a feasibility study before making an investment decision next year," said Rob McEwen, Chairman and Chief Owner Read more at http://www.stockhouse.com/companies/bullboard#xX2D4SQ1m0J2M3q0.99
  25. Weak Gold has brought a Ratio to a New high SPX-to-Gold resistance at 200% is long gone. 235% might be possible. The TLT-to-Gold Ratio is something I rarely look at... Weak gold has lifted this ratio. Silver has been weaker than Gold since mid-2016
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