/biz/ - Business & Finance

>>28134881
>>28135348
>>28135568

It's not even ebay but some freshly incorporated by a Russian posing as Estonian opening a company in Belgium with a London address.
See the pattern: It's a web of shell companies!

>>28137205
Impact is not trash, just lower risk, lower reward. They are a larger company with actual income. Bayhorse is in a much earlier stage, much more risk, but more rewards. Actually I'm getting anxious from all the Bayhorse shilling.
Please educate yourself, pic related will help you a lot!

>>27189631
As for existing ones, You must take into account amount of silver the mine is expected to extract, their other projects etc. It's hard to compare:
ABRA that is bigger has market cap 40x higher
https://finance.yahoo.com/quote/ABRA.V?p=ABRA.V&.tsrc=fin-srch
Bayhorse is smaller company though

Impact, 100m marketcap:
https://finance.yahoo.com/quote/ISVLF?p=ISVLF&.tsrc=fin-srch

Bayhorse is at 4m right now and they just started operation after exploration. They have more exploration projects on the plate too so they have good prospect for future operations as well. The fact that they started extraction alone means they are serious about it and are not scammers. It takes years for mining operation to start sometimes.

>>25646664
Refer to the mining lifecycle. I would say that right now the biggest things that would affect their share price is: New discoveries on their property OR rising gold price. The future growth in share price might be slower than before(bc before the value of production was being priced in, now its already priced in and all thats left is gold price & discoveries)

>>25569076
Many of them won't bring any profits for years, so know what you're getting into

>>25572102
Goddamit anon, for a moment I thought you were serious. Good one

>>25552817
that's my plan with most of the mining stocks. And in the meantime hanging out on /pmg/

>>25519991
also picrel
>>25520166
if you buy tubes you will just get the coins in tubes, they won't be in capsules. Tubes are fine

>>25292950
>I’m more of the type to invest first, and then do DD (if that makes sense)
Lol, been there a couple times! Sometimes not the best plan. But sometimes pays off to be quick and not bother with the details. For example I managed to get into Moneta Porcupine at 0.20 immediately at market open after seeing them increase their resource estimates by 200. I did do some quick research but had no time to write a Word document. It paid off very well, the stock is climbing steadily towards .040 now. That's a company worth investing in still by the way, just do your DD and see for yourself ;)
>I’m just getting into mining desu, it’s going to be a while before I form my own theses, as opposed to rehashing things from ceo.ca lol
Take a look at the miner pastebin. I specifically made it for anons who want to learn all the most important things about investing in miners. It contains informative and easy to understand links that will help you to understand how these companies operate, how to estimate things like drill core assays and how to evaluate the companies using simple maths. I'll also update it with Pan Man once I feel like racking my head about mining-related geology again (kind of burnt out with the stuff atm)

Also see pic related -- it shows the typical mining company stock's price action with time. Notice that these projects take years or even decades to turn from initial discovery into a mine.

This is my first time ever owning junior miners. Can someone give me some good tips on what to look to for doing DD. Do I need to be looking at balance sheets and reading K2s for debt ratios and actual quality ore finds? I'm not sure how to gauge what is good or not.
Also. if a mine has good discoveries and begins production do they typically just get bought out or do they have potential to become majors at some point? How does the maturation process of a miner play out. Have you guys ridden the way (pic related) all the way through? I am assuming most decent stocks like PAAS or something were for sale for pennies compared to where they are now. I'm interested in any insight you would care to share. Thanks!

>>24902771
>What if stimulus won't pass
Everything crashes, Fed steps in, stocks, assets and of course PMs reach all time highs, the average Americans life becomes a living hell, the Republic takes one step closer to War and collapse.

>>24780494
Here's the full image.
Not sure who made this thread but some of us at /pmg/ were readying some links for a commodities general. We tried making a few threads but /biz just wasn't ready for /comgen/ just yet. Somebody posted a copy-paste of some of the links we came up with somewhere above but we're nowhere near ready. We have the mining side covered but should add info on agri, oil/gas, futures and a bunch of other things that might be commodities-related.
I've some of those links saved but an OP general message needs to be worked on. Not ready yet and no idea when I'll be able to work with Pan Man or somebody with the necessary knowledge related to commodities. Pretty sure Pan Man himself doesn't know too much about oil and gas besides the basics at least.

TL;DR: Yes, but no.
>>24780749
NAK is royally fucked because they didn't get environmental permits. They fucked up really hard and I'm fairly convinced it's game over.

>>24655357
Cool to see an /smg/ guy coming here with an open mind ready to learn about mining. If you've any questions that come up during DD or during reading the pastebin, just ask away. Plenty of people here can help you and we even have industry professionals in the thread who understand how things work in practice and who've experience that no amount of learning or DD could ever bring. One thing for juniors is that the price of the stock responds to new value being created rather than earnings. New value is created when the company explores a property and begins defining their deposit(s) and creating resource/reserve estimates, meaning the share price moves in accordance to the estimated net present value of the mine even though it might take many years to even begin developing a mine.

>>24622756
I would never shill an ETF, do you take me for some sort of retard? Stock picking is my game

>>24555235
Thanks Mr. Man. Glad to have your help and experience. I've already asked plenty and I'll gladly ask more if any questions come to mind.

By the way, I finally went through Firefox Gold. You were right, they're a very interesting explorer. I'm happy I finally got to do that. Sold my CCW shares at a tiny profit and just put some money into FFOX instead. They're incredibly active in getting new properties in Lapland around their current claims at the Central Lapland Greenstone Belt. I'm honestly impressed, I thought they'd have a couple of tiny claims but they've reserved a huge total landmass to explore! Their neighbors at Rupert Resources just south of FFOX's new Sarvi & Lehto claims have also come out with great drilling results, and they've even got property just 21km away from Agnico Eagle's Kittilä Mine which is the largest gold producing mine in Europe. Just wonderful stuff!

I actually came across a pretty interesting and fairly recent till sample related study conducted by GTK here in Finland. I guess those government goons aren't just eating tax payer money lol. Anyways it's a study testing which BOT sampling techniques are the best for soil sampling & bedrock sampling. A short TL;DR would be that sonic drilling is a great method for taking till samples, but good old test pits remain a great economic method when you're prospecting unfamiliar ground. Here's the PDF, I hope it's of any help to you: http://tupa.gtk.fi/julkaisu/specialpaper/sp_057_pages_011_022.pdf
>>24555545
For value investors like me, it's reasonable to buy smaller companies that generate more value and become more desirable for investors to own. I'm in these for the long term. I find mining companies that I believe have a good prospective ground(s) and that I believe are able to develop their project(s) to a more advanced stage, "creating" mineral resources/reserves or developing the project to a full-fledged mine. I'll sell when I believe they can't create more value.

New 'n' shiny OP link edition

Bullion dealers
https://jmbullion.com/
https://sdbullion.com/
https://boldpreciousmetals.com/
https://bgasc.com/
https://providentmetals.com/
https://www.moneymetals.com/
https://monumentmetals.com/
https://goldenstatemint.com/
https://gainesvillecoins.com/
https://silvertowne.com/
https://schiffgold.com/
https://goldsilver.com/
https://pinehurstcoins.com/
https://sprottmoney.com/
https://goldsilver.be/en/
https://silvergoldbull.com/
https://www.goldeneaglecoin.com/

>Constitutional/"junk" silver info
https://jmbullion.com/ultimate-guide-to-90-silver-coins/
https://kevinsworkbench.com/junksilverguide/
http://coinflation.com
http://coinapps.com/

>Compare
https://findbullionprices.com/ (US)
https://eu.compare.pm (EU)

>News
https://kitco.com/
http://silverseek.com/
https://mining.com/

>Bullion tax info by state:
https://apmex.com/state-sales-tax-information

>Prospecting
https://www.youtube.com/watch?v=ZCL6FKQZyoM
https://usgs.gov/energy-and-minerals/mineral-resources-program/science
https://gov.bc.ca/assets/gov/farming-natural-resources-and-industry/mineral-exploration-mining/documents/mineral-titles/mt-faqs/faq_fmc.pdf
https://mndm.gov.on.ca/en/mines-and-minerals/mining-act
https://amazon.ca/Gold-Creeks-Ghostowns-British-Columbia/dp/088839988X

>Test
Nitric Acid
https://www.youtube.com/watch?v=3mg9YcAShTo
Magnets
https://www.youtube.com/watch?v=NgSXg-WOEVY
https://fakebullion.com/index.php/resources/fake-bullion-database
https://fakebullion.com/index.php/resources/identifying-fake-bullion

EU/ENGLAND sources
https://www.chards.co.uk/ [Much cheaper than BullionByPost]
https://goldprice.eu5.net/ [Website to compare gold prices for UK]

Russian/European coins
https://oldsilver.ru/

Relevant information regarding mining companies
https://pastebin.pl/view/fddd4572

Previous thread:
>>24498948

>>24480823

>>24426041
>Frankly I don't want to own pm's because they don't make money
Yeah me neither but it is what it is. Better park the money in physical assets than a bank account, and the metals won't go to zero like many stocks will when SHTF. I assume you're smart enough to invest in companies with little or no debt and that have a lot of cash runaway, by the way? That's important if a collapse indeed happens
>I had a perfect portfolio balancing in Jan. Made a little money in the crash with bonds going up, only had like 5% pms. Then the feds bailed everyone out and tanked the value of my liquidity.
Those meddling feds again. How long can this even go on?
>Everything right now is just too expensive and holding dollars has a bad payoff structure.
I'd argue there are some good deals to be found, at least in the mining space. Though of course miners inherently require some risk tolerance and are long term holds

>>24393384
>We are the hedgefund of the mining sector now
It's really remarkable how much many of us have learnt about the industry this year. I for one have gained tremendous amounts of knowledge about investing in general and how mining companies operate in just under three months. Having people like Pan Man over here walking us through the intricacies and details and putting the feet on the ground so to say is like a gift from the heavens too.

>>24301852
Why not spend time learning about the industry? The problem with your strategy (for the lack of a better word) is that you have no idea what the value of those companies is in relation to the share price. Because you don't understand the value you might miss out on opportunities. I encourage learning to DD by learning about financial analysis and the mining industry. But hey you do you, just a suggestion

>>24254902
>>24255497
fuck posted by accident. Anyways here's my links:

>How to invest in mining stocks
https://www.fool.com/investing/2019/10/05/how-to-invest-in-mining-stocks.aspx
>Mine life cycle (plus Lassonde Curve -- pic related)
https://undervaluedequity.com/mine-life-cycle-how-accurate-are-the-resources-reported-in-each-project-phase/
>How to interpret drilling results + other crucial information
https://www.amscot.com.au/Download/Download?file=Interpretation_of_Resource_Company_Announcements_-_Overview.pdf
>Ore grades:
https://undervaluedequity.com/drilling-results-how-can-you-determine-if-a-mining-companys-drill-results-are-of-low-medium-or-high-grade/
>and
https://www.mining.com/web/making-the-grade-understanding-exploration-results/

>>24251429
Am I missing anything that should be considered? That Sprott Media presentation is great but might be a little too advanced and long for OP links. I know I'll be learning all that stuff though of course, thanks for posting
>>24255736
Buy copper miners

>>24225465
You must begin learning then anon. ETFs don't do big moves. Companies can very well do though, as they come out from promising prospects with amazing results. Individual companies are also less dependent on the PM market than ETFs. Start learning! There are amazing buying opportunities for miners right now if you just do the work and understand their value!

>>23916789
>i just dont like the business, it's not interesting or inspiring to me
Understandable. It appeals to me because it's so clear-cut, there are clear stages and risk levels and whatnot. I like it because I don't have to worry about whether consoomers end up liking a product or not for example, and raw materials are always needed too. I like it
>but i did sell all the gold
not a very smart thing to do imho but I hope you don't end up regretting it

>>23818956
I'm sorry I can't help you with American brokers. It's information that I don't need to know as a yuro. There are a lot of leafs on /pmg/ though so ask away some more if nobody else answers soon. They'll know which brokers are good.

Also I'd advice learning about the mining industry a little. It's a bit more complicated than just looking at a "promising" company, you have to understand how the industry operates and what grades are good and what kind of (myriad) risks are involved. Ask questions and lurk, and start with small investments to cope with malinvestments.

Educate yourself anon. Here are some of the most informative sources of information I've found:
https://www.investopedia.com/articles/basics/12/beginners-guide-mining-stocks.asp
https://undervaluedequity.com/mine-life-cycle-how-accurate-are-the-resources-reported-in-each-project-phase/
https://undervaluedequity.com/drilling-results-how-can-you-determine-if-a-mining-companys-drill-results-are-of-low-medium-or-high-grade/
https://www.mining.com/web/making-the-grade-understanding-exploration-results/
https://www.amscot.com.au/Download/Download?file=Interpretation_of_Resource_Company_Announcements_-_Overview.pdf
https://newpacificmetals.com/mining-101/mineral-estimates-reserves-vs-resources

You won't understand all of that but take it nice and easy, and remember to ask questions. Read company project portfolios and company presentations. I'd also advice you to learn about how to read company financials (balance sheets) because you'll ideally want to avoid companies with high levels of debt. I've already posted too many links in one post so I won't confuse you any more. But please, do yourself a favor and read through some of that and try to understand how this whole industry works to avoid losing your hard earned money

>>23664153
I share the same sentiment. They're unfocused as hell and they can't use their great portfolio to their advantage because of their lack of cashflow.
>>23664397
Just remember pic related and understand that there are many gamblers among the investors, especially for speculative companies. Don't mind the major commodity markets, focus on company-specific details and invest into what they can offer.
>>23664727
fucking disgusting

>>23467731
Alright, home sweet home. Let's get started.

First off, follow this link to understand the difference between Mineral Resources and Mineral Reserves, and the general accuracy of different types of mineral resource/reserve estimates:
https://newpacificmetals.com/mining-101/mineral-estimates-reserves-vs-resources
Next, a guide for interpreting drilling results, also includes some nice extra info like basic geology that's good to know (don't worry you don't need to know anything about rocks to understand mining stonks, I don't know about those either):
https://www.amscot.com.au/Download/Download?file=Interpretation_of_Resource_Company_Announcements_-_Overview.pdf
Here's more about drilling -- what's considered a good drilling result as well as important information about what grades of which metal are considered high grade:
https://www.mining.com/web/making-the-grade-understanding-exploration-results/

I think that's good enough to get you started. Pic related is about how a typical mine begins production, to give you a bigger picture of the way the mining industry operates. If you feel the need to ask some questions, be sure to ask. I'm not an expert but I'd say I understand most things pretty well. There are also many knowledgeable people on this general, I like to consult Pan Man about technical stuff like the geology of a property. He's a professional so he knows his stuff. Lots of smart people on /pmg/ so ask away if you need to know about anything