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I am in Manila, PH with a dodgy internet connection But stopping at a web cafe, I managed to upload this - Comments are welcome A TASTE OF TIME TRAVEL, and our coming 4D Lives? > Dr Richard Miller has made some recent discoveries regarding the nature of time travel, and maybe how to do it. Here, in this excerpt from an interview with Mike Harris, he begins to put these discoveries into words - This will be developed in a forthcoming book. So consider this to be a taste of what he will explain in more detail in that book. This is essential for those who feel we are moving beyond 3D, into a 4D or 5D existence. See Dr Miller's website for more info on the book http://richardalanmiller.com/ > Mike Harris, the full interview: http://www.veteranstoday.com/author/harris/

Cross-currents. Some are talking a bubble in some US cities, while in others, they are talking about a recovery (received by email): Seems like Buffalo, New Orleans and Detroit making a comeback with potential upside. https://www.yahoo.com/katiecouric/buffalos-big-comeback-201146847.html

Everyone panic: Generation Rent is fleeing LondonIs London bracing for a mass exodus of millennials? The capital’s exorbitant housing costs are hardly news, but a new survey suggests that the situation is getting so bad that more than 80 per cent of London’s twenty-somethings may be sent packing to other parts of the UK. At £1,507, the average monthly rent for a Londoner is more than double the UK average - and not something everyone can comfortably, or for that matter uncomfortably, afford. City A.M. = It is about time people woke up! I don't know if it is the millennials who will flee... Some will - those who can get an acceptable job. But the greater number fleeing may be boomers who have retired, and no longer need to go to daily jobs in London. Waking up is smart, isn't it?

Buy Calls maybe. Normally, it is better to wait for a retest of the Lows

Yes. And it is good to be contemplate a switch into Oil, when it is cheap, as it is now. How will you play it?

OUT with the Old: IN with the New:

TALLEST BUILDING - is this a sign of a top? (in place) It is being pitched to me by email: I am pleased to be able to offer you the opportunity to buy into one of London’s most exciting developments yet…..SOUTH QUAY PLAZA. Dubbed as London’s YOUNGEST landmark, this is going to be a fantastic addition to London’s already fabulous skyline. Designed by world renowned architects FORSTER AND PARTNERS, this is set to be Europe’s TALLEST residential tower. Buying any investment is ALWAYS about timing and with Berkeley, one of London’s highest rated developers, it is fair to say that buying in the early phase will pay dividends. As with every other Berkeley development in London, buyers who buy in early always make great gains in capital values, with value being added at the release of each subsequent phase. Further bolstered by the amazing creativity and design that comes with Foster and Partners, this is going to be a truly exceptional development and one that will be a future landmark of London. With the expansion of Canary Wharf and the almost doubling of the current work force, Canary Wharf is set to go through some major changes in the coming years. Forecasters are predicting an increase in values from the current level of circa £1150 psf, to well in excess of £1650 psf in 2019 once the new Cross Rail line is in operation and the expansion of Canary Wharf begins to come through. The development of Wood Wharf is set to add even further value to the area as a whole and help in the transformation which is set to come. The creation of London’s 3rd financial and business district with the Asian Business Port (http://abp-london.co.uk) will further bolster the area as a whole and create further demand for property in the area. We are currently witnessing the evolution of London as a city with the emergence and further development of the already very popular CBD location Please see attached a fact sheet and prices for the development, together with links below for the brochure and floor plans. Also below are a few images that will help set the scene for this hugely impressive development and will give you a real taste of what’s to come. The development integrates 1.5 acres of high quality external public space also, creating more than just a stand-alone building.

How Would Brent Cook Invest $100k in ’16? – Invest Like Experts Jan. 08, 2016 Expert: Brent Cook Claim To Fame: Geologist & Editor of Exploration Insights, a junior mining investment letter whose portfolio returned +18% in 2014 and -6% in 2015. Thoughts on the mining sector: “The mining and exploration sector has been decimated over the past few years and is off over 80% from its highs,” Brent Cook told Kitco News Friday. Mining companies have experienced another tough year with more cost, production and exploration cuts as well as downsizing and mine closures, among other negative news. The Gold Miners ETF Market Vectors (GDX), which tracks the performance of major gold mining companies listed on the NYSE Arca Gold Miners Index, has steadily been declining since 2012 and is currently at record lows. And, as Cook put it in his year-end newsletter, “it is hard to find anyone positive on the sector…or even think there is a need for exploration.” “This is as bad as I have seen it, and I see very few logical reasons to think it gets better anytime soon,” he added. However, when asked how he would invest his money in the sector this year, Cook said he sees potential in three key areas. For more on the mining sector, watch Brent Cook’s 2016 outlook interview with Kitco’s Daniela Cambone. How would you invest $100,000 in the mining sector in 2016? 40% Mid-tier Precious Metal Producers with low cost production and legitimate exploration upside Examples: Lake Shore Gold & Claude Resources 25% Prospect Generators with sufficient cash to last a couple of years, partners spending money, legitimate exploration concepts and honest management Examples: Mirasol Resources, Reservoir Minerals, Riverside Resources, Aurion Resources, Lara Exploration, Miranda Gold, Evrim Resources 35% Very Early Stage Discoveries that may occur this year What factor will affect the mining sector the most in 2016? “Metal prices and…political uncertainty then China,” he said. What is your New Year’s investment resolution for 2016? “One has to be very critical and brutal when evaluating exploration results and sell if your investment thesis begins to fall apart regardless of what your purchase price was,” he said. “The key to making money in the junior mining sector is #1--Don't lose money and #2 always fact check a company's statements and data--sometimes they make things up,” he added. > more: http://www.kitco.com/news/2016-01-08/How-Would-Brent-Cook-Invest-100k-in-16-Invest-Like-Experts-Mining-Edition.html PART I: Vince Lanci tells Kitco News how he’d invest $100,000 PART II: RBC's George Gero Gives His Investment Ideas For 2016 PART III: Rickards: Fed, USD, Inflation To Have Biggest Impact On Gold In '16 PART IV: Schiff Shifts More Weight On Gold For 2016 – Invest Like Experts Series

A new way of examining the Centaline Indices reveals much I did some hours of work looking the Centaline Index, and the sub-indices for different estates in HK, and I found the results very revealing of what I call the "true" state of the HK property market. I was looking to see if my idea that smaller estates were had been adjusted downwards less than the large estates - and the was definitely true. The data backs this up: : Bellwether ------------ : 2014ye : -Peak- : - Last- : vsPeak : Twrs : : Centaline Index*---- : 132.45 : 146.92 : 135.83 : -7.55% : index peak 9/13 : Mei Foo S.Ch- : K- C. : $8,103 : $9,153 : $8,462 : -7.55% : 99-t : early peak: 4/05 : WhampoaGdn : K-HH : 10,925 : 12,774 : $9,700 : -24.1% : 88-t : early peak: 6/28 : Taikoo Shing- : HK isl. : 13,301 : 15,181 : 12,283 : -19.1% : 61-t : peak: 10/04 : City One, Sh.- : NTE . : $9,896 : 11,250 : $9,661 : -14.1% : 52-t : peak: 9/06 : HengFaChuen: HKisl. : 10,447 : 12,663 : 11,005 : -13.1% : 48-t : early peak: 7/26 : Laguna City--- : K- C. : $8,509 : $9,937 : $8,524 : -14.2% : 38-t : peak: 9/13 =================== Average 5 Big Est.s--: 10,534 : 12,204 : 10,222 : - 16.2 % : Other, indicative : LOHAS Park-- : NTE . : $6,296 : $7,284 : $6,624 : -9.07% : 50-t : Dec. Ave.; not in CCLI index : Park Avenue-- : K- W. : 12,582 : 13,569 : 13,207 : -2.67% : 09-t : peak: 8/09 : Caribb.Coast - : NTW. : $6,141 : $7,577 : $6,519 : -14.0% : 13-t : p: 8/30; Tracks LHP? The Centaline index was down only 7.55% since the peak, and the average drop of those 5 large estates was -16.2%. Look at Taikoo Shing with 48 Towers. Somewhere in all those flats, someone will need to sell, and so they will have to find a buyer. Hence we got a -19.1% drop to $12,283 since the Peak at $15,181 (10/04). Other estates may have fewer transactions, and maybe no transactions in the last few weeks, or transactions that happened only when buyers were willing to step up. So those estates seem to be reported down much less. I also discovered that some big estates (like Mei Foo Sun Chuen, Whampoa Gardens, Heng Fa Chuen) peaked well before the Centaline index peaked in mid-September. So they provided an excellent early warning. The bottom-line here is that it may be more important to follow the prices reported for the large estates than the small ones, or the overall index. Otherwise the agents may sucker you-the-buyer into paying too much. Or as a seller, you may have unrealistic ideas of value. (Note: I prepared this for a meeting, of my property discussion group, and so shall post this at that thread too.) (Some of my points here are debatable - So if you read this data differently, please: BRING IT ON. Discussion is welcome.)

I do not understand why the stock is now so cheap !!! The company has made a huge operational turnaround Q3-Income, ops- : $ 9,882k - per Q3 Interims Or Use EBITDA--- $ 13.3 Mn ---- Multiply x 4 : $ 53.2 Mn - because of 4 quarters in the year "worst case" say they wind up with 1.4 Billion shares, if all debt ($120mn) is converted Annualized EBITDA : $53.2Mn / 1.4 Billion = Ebitda/sh : $0.038 At 8x EPS, the stock would trade at $0.305 right? Too high? Maybe we need to subtract the Tax Due ($4.3mn), then: $9.0mn And: $9.0mn x 4 = $36mn / 1400mn = $0.0257 x 8 = $0.206, still above where it is now. The operations have been improving, qtr-by-qtr, and if improvement continues, the stock can rise above this level. Now trading : just $0.125 - 0.145 with little liquidity - it must be the (many?) uncertainties, I suppose. If they convert fewer shares, they have to pay interest, but they are generating enough CF now to make the debt payments, after the restructuring

The Pasig River has inspired a future vision : PD : Someone interested in Rockwell / Proscenium asks... Q: I have looked at this development and it is really impressive. Having the brand Rockwell makes it even more enticing. However, one of the factors that is holding me back is the view of the Pasig River. The water is either black or dark brown and am afraid that it might even have a foul smell during a few months of the year. Is this not an issue to those of you who bought into this development? At which floor will it be safe from the sight and smell of the Pasig River? A: I've been around the Pasig River plenty of times these last couple of weeks at different locations. But honestly I didn't notice much of a smell of the river - because the air quality in general is just way too bad on ground level and that is mostly from traffic. I noticed a lot of jeepneys passing by on the street in front of The Proscenium going to Makati or Guadalupe and I would worry more about that kind of pollution and noise. > source

Good News ! Q3-2015 : Production up +70 % since prior year, as costs fall > Presentation: http://www.grancolombiagold.com/investors/corporate-presentation/default.aspx > Q3 Interims : http://s1.q4cdn.com/320963646/files/doc_financials/Q3-2015/GCM-Financial-Statements-09-30-15-%28Final%29.pdf > Financials -- : http://www.grancolombiagold.com/investors/financials/default.aspx DEBT : is carried at a discount - so the balance sheet value of it will rise over time towards $150mn, unless they buyback. This makes sense since they can now buy the debt at below par, and 81% of the 2018 debenture can be paid in shares, at the company's option

So far, so Good (for gold, but not silver) GLD closed yesterday/Wed. at $104.67 - with the Mar.$103 Calls at; $3.75/$3.85 : $3.80 mid, up 77.5% from the trade price GBS is trading on Thursday : $105.24 +$1.27 : +1.22%

UPDATE - Apr.2018 / Almost a Double from the Aug.2017 Low gcm ... update : to 3/2019 : GCM - update: 1/16/19: if it breaks the old high, next stop is $4-ish (?) GCM share price - vs. GDXJ & MNT.t GCM.t - etc ... update : GCM.t only : 10/12/2017: c$1.86 : c$17.06 : $34.65 : == ]]]]]]]]]]]]]]]]]]]]] From just one year ago - we see the pain of realization, regarding the need for restructuring he calls it a "horribly conflicted company" The Calandra Report: Gran Colombia's Fiscal Tic-Tac-Woe January 12, 2015 Gran Colombia Gold: One-Car Funeral Yes I failed. The worst idea I ever had -- one rooted in the belief that a company could make a difference in the lives of Colombia villagers and their investors -- is off another 40 percent in stock price Monday. But then, as a money manager familiar with the Gran Colombia Gold failure just told me, "This company's executives could "$x$% up a one-car funeral." Gran Colombia Gold's silver and gold-linked notes to raise cash was a good idea two-plus years ago. As long, that is, as Serafino Iacono's GCM engineered lower operating (all-in sustaining) costs at rich Segovia, the former El Frontino mine that produced many tens of millions of ounces of gold since the 1700s, and hundreds of millions of silver ounces. Now, in the face of default, just announced, on those notes, Gran Colombia looks to have squandered great promise for Colombia's precious metals mining business. Squandered, that is, for most ordinary shareholders, but perhaps not for top managers, or owners of its senior subordinated notes -- the first-in-line gold ones. : Thom at EL MARMATO: 2007 The Gran Colombia saga is bizarre because of themes that seem at conflict with one another. For example: Colombia's potential just 7 years ago was as one of Latin America's richest unrealized resources of oil, gold, copper, silver and other minerals. The nation has with the exception of oil, and perhaps coal, done everything it can to stymie its rich resources. Against a devastating headline of GCM DEFAULTS ON NOTES is a live and positively actionable theme: the Colombian peso's rapid decline these past 12 to 14 weeks makes Gran Colombia more likely than ever to turn a profit, on paper, anyway. That is because acheaper peso makes expenses that are reported in the operating country a LOT cheaper when translated back into the stronger corporate currency -- in this case Canadian dollars and USA dollars. . . . Segovia, with a little help from El Marmato, the self-tortured village and mountain that brought me back to Colombia starting in 2007, made Gran Colombia that nation's second largest precious metals producer. Expectations are for 112,000 total gold ounces for 2014. I believe that figure is for gold with silver, this gold equivalent ounces. At some point in 2015, Segovia alone could produce an average of 10,000 ounces monthly, fingers crossed. But remember, this is Gran Colombia Gold company with a working capital deficit that is something like $70 million. See management discussion. Some of that deficit is -- the company has said repeatedly -- bacause the government of Colombia is sitting on $11 million of overdue VAT refunds linked to the Segovia operations. So, atop the horrific management of Segovia, and El Marmato, GCM managers (and shareholders) must deal with a national government that skins 17 percent of VAT tax off the top every chance it can get, then stalls and stalls on repayment. The current situation: Gran Colombia Gold, which has been vowing a return to profitability repeatedly in 2014, "has significant liquidity concerns in meeting the debt service requirements associated with the exercise of the put options under the Gold Notes and the interest payments associated with both the Gold and Silver Notes." . . . Gran Colombia Gold, its management influenced by the Blue Pacific investment group, will need near-term financing, and the horribly conflicted company will need to work a deal with the senior secured debt (gold notes) holders on payment of interest and capital. Read more at http://www.stockhouse.com/opinion/independent-reports/2015/01/12/the-calandra-report-gran-colombia-s-fiscal-tic-tac-woe#skYkYFPVkMLQCsQi.99

ARIS (ex.GCM) 200k > 350k+ oz/yr Gold miner old: Gran Columbia (GCM.t) : 200,000+ oz/yr Gold miner GCM UPDATE: Mid-Sep 2021: 3.1.21: Flip: 10d: C$5.25 /40.48, 09.17.21: = 12.96%, 12.0% at 9.15.21 Prev. 10.15.20: 10.9%, 3.09.21: 13.2%, 05.10.21: = 10.1%  GCM.t .. 10yr: 5yr: 3yr: Last: $5.16 +0.08, +1.57%, vs.GDXJ: $40.83 -1.67, -3.93%. +5.5% outperformance FLOAT vs. VALUATION at $1.27- mid.Sep.2021 Category == : Qty. : Price : CAD $ : USD $ : Exer. : $ recd Common shs: 98.5M : $5.00= $492.5M US$388M: N/A : $ 0 : ’24, Wt.$2.21: 10.4M : “ “ = $ 52.0M US$ 41.M: $2.21: $23.0M ’23, Wt. $5.40: 3.3M : “ “ = $ 16.5M US$ 13.M: $5.40: $17.8M ’23, Wt. $6.50: 7.1M : “ “ = $ 35.5M US$ 28.M: $6.50: $46.1M ’22-24 Wts. : 6.5M : “ “ = $ 32.5M US$ 7.M: $4.00e $26.0M ’22-26, Opts.: 2.5M : “ “ = $ 12.5M US$ 10.M: $4.00e $10.0M Cv. Debent’s : 3.8M : “ “ = $ 19.0M US$ 15.M: $4.75: $18.0M Fully Dilluted 132.1M : $5.00= $660.5M US$520M: Cash: $141.M Less Cash on exercise. Less : (140.9M) <-------------------------- v v : Net MktCap : $519.6M = $409M = Segovia. : 1.45 M oz. : Prod.: 200k + oz. Ongoing Toroparu. : 7.35 M oz. : Prod.: 200k ? oz. From 2024? Ttl.Resource. / 8.80 M oz. : = $ 63.00: US$49.30/ oz ==================== : ======== Less Portfolio Value : C$ 337.M: Net MktCap : C$ 183M: $144M Ttl.Resource. / 8.80 M pz. : = $ 20.75: US$16.37/ oz GCM.t ... 10-yrs : 5-yrs : 2-yrs : 12mos : 6-mos / 10-d / TPRFF : GCM.NT.U Updated, Last: C$2.53 (US$1.94) at 8/07/2018 - Versus 200d : 377d.ma : 610d : 987d. : 700-800d : Mkt.Depth : AFTER Reverse split : 1-for-15 : Management awarded itself over 1.9 million Options at C$2.55 before the split : 12-mos : 2-yrs : 3-yrs : Longer term - after split prices 3-yrs : 4-yrs : 5-yrs : GCM / Gran Columbia Mines - C$0.145 ( in Jan. 2016 )Share O/S : 23.7 mn x $0.145 = C$3.4 Million Restructuring: = could mean the : Issuance of a maximum of 1.44 Billion shares / 15 = 96 million shs after reverse split === About Gran Colombia Gold Corp. Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia. Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato Operations. Gran Colombia is currently advancing a project to develop a modern, large-scale, gold and silver mine at its Segovia operations. Date---- : GCM.t : 7,692 : CAD$ : NotVal : 1% Deb. : vol. : Db.O/S- Date : 6%Deb: Db.O/S- Date : TtlDebt : Shs-OS : MktValue : Ent.Val. : Gold : OZ's 03/31/16 : $0.095 : 0,731 : 0.769 : 56.94 : $58.00. --------- : $71.2- 03/31 : $68.00 : 104.0 - 03/31 : $175.2 : 125.5m : C$11.9M: $184.3M/ 1234= 149.4k 06/30/16 : $0.100 : 0,769 : 0.773 : 59.44 : $55.00. --------- : $67.7- 06/30 : $65.00 : 103.3 - 05/12 : $171.0 : 157.8m*: C$15.8M: $183.2M/ 1325= 138.3k 12/30/16 : $0.095 : 0,731 : 0.744 : 54.39 : $61.00, 20.0k : $49.7- 12/06 : $84.00 : 101.2 - 12/06 : $150.9 : 277.6m*: C$26.4M: $170.5M/ 1152= 148.1k 02/10/17 : $0.110 : 0,846 : 0.764 : 64.63 : $61.00, 625.k : $49.7- 12/06 : $81.00 : 101.2 - 12/06 : $150.9 : 277.7m*: C$30.5M: $174.2M/ 1236= 140.9k 03/31/17 : $0.100 : 0,769 : 0.750 : 57.68 : $64.00, 56.0k : $49.7- 12/06 : $82.99 : 100.7 - 04/07 : $150.4 : 277.7m*: C$27.8M: $171.3M/ 1251= 136.9k 04/21/17 : $0.095 : 0,731 : 0.742 : 54.24 : $65.00, 59.0k : $49.7- 12/06 : $81.99 : 100.7 - 04/07 : $150.4 : 277.7m*: C$26.4M: $170.0M/ 1289= 131.9k 04/26/17 : $0.095 : 0,731 : 0.733 : 53.82 : (reverse split) : Date----- : GCM.t : 513sh: CAD$: NotVal: 1% Deb.: vol. : Db.O/S- Date : 6%Deb: Db.O/S- Date: TotDebt: Shs-OS : MktValue : EntValue : Gold : OZ's 04/27/17 : $1.550 : 0,795 : 0.733 : 58.28 : $61.00, 78.0k: $45.97-04/28 : $80.50 : 100.7 - 04/28 : $146.7 : 20.45m*: C$31.7M: $169.9M/ 1266= 134.2k 05/09/17 : $1.410 : 0,723 : 0.730 : 52.80 : $63.01, 78.0k: $45.97-04/28 : $81.00 : 100.5 - 05/02 : $146.5 : 20.45m*: C$28.8M: $167.5M/ 1216= 137.8k 08/22/17 : $1.370 : 0,703 : 0.796 : 55.94 : $70.00, 78.0K: $45.97-04/28: $87.00 : 100.5 - 05/02 : $146.5 : 20.45m*: C$28.0M: $168.8M/ 1286= 131.3K 09/25/17 : c$2.20 : 1,129 : 0.808 : 91.19 : $89.50, 36.0K: $45.97-04/28: $92.00 : $99.4 - 06/30 : $145.4 : 20.45m*: C$45.0M: $181.8M/ 1312= 138.5k oz 10/12/17 : c$1.86 : 954.2 : 0.802 : 76.53 : $81.00, 20.0K: $45.97-06/30: $95.02 : $99.4 - 06/30 : $145.4 : 20.45m*: C$38.0M: $175.9M/ 1297= 135.6k oz 10/20/17 : c$1.84 : 943.9 : 0.792 : 74.76 : $78.00, 10.0K: $45.97-06/30: $95.02 : $99.4 - 06/30 : $145.4 : 20.45m*: C$37.6M: $175.2M/ 1281= 136.8k oz 12/29/17 : c$1.96 : 1,005 : 0.795 : 79.90 : $85.50, 50.0K: $45.97-09/30: $98.00 : $95.7 - 09/30 : $141.1 : 20.45m*: C$40.1M: $172.0M/ 1309= 132.1k oz 01/16/18 : c$2.22 : 1,139 : 0.803 : 91.45 : $90.75, 109.K: $45.97-09/30: $98.00 : $95.7 - 09/30 : $141.1 : 20.45m*: C$45.4M: $177.6M/ 1337= 132.8k oz. 04/04/18 : c$2.37 : 1,216 : 0.783 : 95.20 : $94.00, 58.0K: $43.60-03/20: $99.50 : $91.4 - 03/20 : $135.0 : 23.60m*: C$55.9M: $178.8M/ 1340= 133.4k oz. 04/30/18 : c$2.68 : 1,375 : 0.780 : 107.2 : $102.5, 21.0K: $34.40-04/30: $100.0 : $98.0-04/30: $132.4 : 28.11m*: C$75.3M: $191.2M/ 1319: 145.0k oz 05/10/18 : c$2.55 : 1,308 : 0.785 : 102.7 : $103.3, 21.0K: $34.40-04/30: $100.0 : $98.0-04/30: $132.4 : 29.32m*: C$74.8M: $191.1M/ 1322: 144.5k oz Date----- : GCM.t : 513sh: CAD$: NotVal: 1% Deb.: vol. : Db.O/S- Date : 8.25%D : Db.O/S- Date: TotDebt: Shs-OS : MktValue : EntValue : Gold : OZ's ========= Last column : at 132.8k on 12/29/2017 - GCM had an enterprize value of 132,800 oz., that is is just 80% of its 2017 gold production (ignores costs) Date-------: GCM.t: Cad$: us$Val: ShsOS MktVal: 8.25%Db: Date: Cash: Ent.Val. /$Gold : OZ's /Prd. yrs.: 221wtx$inTM 08/10/18: $2.44 :x.761= $1.857 48.2M $89.5M: $ 98.0M: Est.: $28.0: $159.5M /$1219: 131k/200: 0.66: 00.0Mx$0.23 08/10/18: $2.13 :x.761= $1.857 48.2M $89.5M: $ 98.0M: Est.: $28.0: $159.5M /$1219: 131k/200: 0.66: 00.0Mx$0.23 OLD-Obsolete / Alternative calculations : debs - 9/30/17 = Face Amt : discount : (maturity-) 1% : : $30,674K : $45,970K : $15,296k (2018, Aug.) 6% : : $33,396K : $48,696K : $15,300k (2020. Jan.) 8% : : $28,858K : $46,955K : $17,548k (2024) DEBs: $92.93K : $141.07K: $48,144k/ BKV: $229.32k / shs OS: 20,450k = US$11.21 /sh. ($10.76-6/30) Disc. : $ 48.14 K / 20.45k = ($2.35) + $11.21 = US$8.86 / sh. ($8.08-6/30) Alt.2: $229.32 +$92.93k= $322.25k / (20.45k + $141.07/$1.92= 73.47k= 93.92k) = US$3.43 xC$1.245= C$4.27 ==== 1% Debs. Cv.: $190 + c$1.86 x415.5 x0.802= $620= $809.8 : $81.00 Debs : Int. : CvShs : x$1.55: *0.733: adj.* : Last : Prem.: maturity : time x Coupon : Total: adjPrem. 2018 : 1% : 513 shs : C$ 795= $583 : $662 : 65.0: -1.81%: 11Aug18 : 1+3mos : $12.5 : $683 : -4.84% : 2020 : 6% : 513 shs : C$ 795= $583 : $583 : 80.5: +38.1%: 02Jan20 : 2+7mos : $155. : $738 : +9.08% : ==== *Maturity value = $190 + 415.5 shs (x$1.55x0.733) = $190 + $xxx = US$662 #1: Shares: 277.7M + 1%Debs $49.7M> 382.6M + 6%Debs> 778.1M = 1,438.4 x C$0.110 = C$158.2 x 0.759 = $120.1M / 1239 = 96.93k oz #2: Shares: 277.7M + 1%Debs $49.7M> 309.6M = 587.3M shs x C$0.110= C$64.6M x 0.759 = $49.0:: + $9.44M + $101.2 = $159.7M / 1239 = 128.9k oz ** : #2 assumes: : At 2018 maturity, 1% Debs= ($190 + 6,230 shs) so: $49.7M x19%= $9.44M, +6% Debs-$101.2M; are not conv. :: Up to 12/2016, GCM repurchased and cancelled $2.9M principle = 22.4M shs. less /1450M = -1.54% ======= > Debs. : http://www.grancolombiagold.com/news-and-investors/market-information/default.aspx#shares > ShOS : http://www.stockhouse.com/companies/quote?symbol=t.gcm > New DEBs "Gold linked notes" FAQs: http://s21.q4cdn.com/834539576/files/FAQ/GCM-Gold-Linked-Notes-Debentures-FAQ-2018-04-30.pdf Fitch Ratings has as an initial rating of “B-". with a Rating Outlook of Stable > CvBond symbols :: TPRFD | T.GCM.DB.V 6% | T.GCM.DB.U 1% |T.GCM.W.A| TPRFF GCM website at : http://www.grancolombiagold.com A profile on SEDAR at---- : http://www.sedar.com. Presentation : 11/2017 : http://s21.q4cdn.com/834539576/files/doc_presentations/Marmato-Deeps-Zone-CGS-Final.pdf Bull Board at : http://www.stockhouse.com/ : http://www.stockhouse.com/companies/bullboard?symbol=t.gcm

Here's a 2016 interview: BUST! Time to Get Greedy in Mining & PM's, Rick Rule & Keith Neumeyer Published on Jan 3, 2016 Check out Keith Neumeyer's new Mineral Bank: http://FutureMoneyTrends.com/InvestRight Two co's that Keith Neumayer helped to found; plus his new one: Sym.: Company----- : C$-- : 2015- range- : 12/14 : 12/15 : -2015chg FR.t : First Majestic- : $4.74 : $3.54 - $8.55 : $0.00 : $0.00 : FM.t : First Quantum : $4.77 : $3.75 - 19.83 : $0.00 : $0.00 : FF .t : First Mining--- : $0.38 : $0.25 - $0.60 : -N / A : $0.00 : N / A FR.t versus FM.t ... update : vs. FM.t, FF.t Last (11/21/17): FR:c$8.60, FM:c$15.31, FF:c$0.58

Here's a 2016 interview: BUST! Time to Get Greedy in Mining & PM's, Rick Rule & Keith Neumeyer Published on Jan 3, 2016 Check out Keith Neumeyer's new Mineral Bank: http://FutureMoneyTrends.com/InvestRight Two co's that Keith Neumayer helped to found; plus his new one: Sym.: Company----- : C$-- : 2015- range- : 12/14 : 12/15 : -2015chg FR.t : First Majestic- : $4.74 : $3.54 - $8.55 : $0.00 : $0.00 : FM.t : First Quantum : $4.77 : $3.75 - 19.83 : $0.00 : $0.00 : FF .t : First Mining--- : $0.38 : $0.25 - $0.60 : -N / A : $0.00 : N / A FR.t versus FM.t ... update

As China falls.... HK's Property share index (HPI) tests support ShComp : 3,125.00 -236.84 : - 7.04% > L of Yr: 2,850.7 HK - HSI : 20,363.8 -617.00 : - 2.94% > L of Yr: 20,324 HK - HPI : 28,237.3 -479.00 : - 1.67% > === CN : ShComp ... 10-years : 3-Yrs : xx HK's HPI ... update : 28,219

Growth estimates: . Philippines GDP Annual Growth Rate - Trading Economics www.tradingeconomics.com/philippines/gdp-growth-annual Nov 26, 2015 - GDP Annual Growth Rate in Philippines averaged 5.12 percent from 2001 until 2015, reaching an all time high of 8.90 percent in the second .. . / 2 / Philippine economy grows 6% in Q3 | Business, News, The ... www.philstar.com/business/2015/11/.../philippine-economy-grows-6-q3 Nov 26, 2015 - Balisacan noted that the 6 percent in the third quarter of 2015 is an encouraging sign of a steadily growing economy ... Philippines's growth rate. . / 3 / Philippines: Economy | Asian Development Bank www.adb.org/countries/philippines/economy The forecast for growth in the Philippines in 2015 is trimmed from Asian Development Outlook 2015 report. However, growth is projected to quicken in 2016.

Probably useless - But I will comment after I have a chance to listen to a bit of it 8:41 Silver will break $50 in 2016by VisionVictory 14 hours ago / 2,818 views Get the 2016 Guide How to Maximize Profits in Silver: http://FutureMoneyTrends.com/Silver

The wake up Call regarding the True Costs of Roads could be very good for urban Philadelphia Recognizing the true costs motoring - will be good for old cities like Philly that already have a strong rail system - it will be cheaper to rebuild what is there already rather than starting to building new transport infrastructure from scratch The End of Happy motoring? Too expensive, Too wasteful? Happy Motorists (enjoying hidden subsidies) were driving the US into bankruptcy - There's a better and more efficient way. Rebuilt the rail infrastructure where it already exists, and add density around the stations. Economically, these makes great sense. But crime needs to be reduced and schools improved to attract people back. This is happening around the core of the Central City. And gentrification is spreading out from there, and along some rail links. There's also the possibility of living in Philly near 30th St. (or North Philadelphia or along R7) and working in NYC West Philly - University West - one beneficiary of more Transport Oriented Development - & there are others ... MFL / Market Frankfort Line runs through West Philly ... pd. : source

MANTUA

BRADLEY for Gold There's a Bradley model for Gold, and it is Bullish, but it doesn't get going until March > source: http://bradleysiderograph.com/2016-turn-dates-gold/

Gold Stocks - The Biggest and Baddest Bear > source: http://www.kitco.com/commentaries/2015-12-31/2016-Outlook-for-Precious-Metals.html

Dan Norcini Gold : Another Losing Year Thursday December 31, 2015 Here is a long term chart ( monthly) showing where the price of gold ended last year ( 2014 ) and where it is ending up this year. I have drawn in two Fibonacci retracement levels formed off of the entire rally beginning in 2001 to the final top in 2011. As you can see, the price looks to close out this year below the 50% retracement level. In other words, gold has lost more than half of its bull market gains since peaking in 2011. You can also see why that region near $1080 is so significant from a technical analysis perspective. I have no idea where gold might go next year as I am not in the business of making price predictions. We will leave that for the gold prophets and various gold cult websites since there is never any consequence for making yet another failed price prediction, especially when the ability to blame any such failure on “gold price manipulation by sinister bullion banks” is always a convenient foil. What I can say is the last level of downside chart support before the psychologically significant $1000 level lies just below the current price. That level is between $1040-$1030. If gold loses this support level, it is going to $1000. As unlikely as that might seem to some, below $1000, there is not much in the way of further chart support until one nears the 61.8% Fibonacci retracement level near $890 ( let’s call it $900 for round number purposes). This market still shows no serious sign of having forged a long term bottom. From a pure chart perspective, that will not occur until or unless gold can at least get back above the closing 2014 level of $1184. Even at that, it might only mean another long period of a sideways moving market. , , , Here is a chart comparing the gold price with the reported holdings of GLD. The gold cult may pooh-pooh this with their usual cries of “price manipulation” or whatever but the simple fact remains – as the reported holdings of GLD have fallen, so too has the price of gold. When those were rising, as they were from late 2008 until that time, the price of gold also rose. There is simply no getting around this if one wants to be honest ( we cannot help those who are mentally dishonest). To date, this giant gold ETF has shed over 65 tons of gold since the start of the year. The result has been to bring the amount of gold in custody to levels last seen SEVEN YEARS AGO, to September 2008 to be more precise. This gauge of Western-based investment demand tells us a great deal when it comes to sentiment towards gold here in the West. Without this source of demand, gold simply cannot embark on any sustained rise in price. > http://www.kitco.com/commentaries/2015-12-31/Gold-Another-Losing-Year.html