/biz/ - Business & Finance

Any other HGU or HZU 2x daily ETF holders?

evening all, here is a fresh Bake!
I normally wouldnt do a specific thread like this but KSM is getting a lot of press right now.
https://www.miningnewsnorth.com/story/2022/08/05/news/a-72-year-mining-opportunity-at-ksm/7481.html

Also interesting to see people bringing up Osisko Development >>50841172, their Tin Tic Project is interesting but may be flawed, i need to do some research on the previous operator, there were rumors that need addressing.

https://www.oregongeology.org/mlrr/news/ENGAGe_Summer_2022.pdf

The fella working on Paramount's permits for grassy mountain is retiring to travel in France.
Is this going to slow things down?

>>50847852
possibly but not likely, thats only if hes leaving in a hurry and nothing gets completed.

Has ATHOF broken the downtrend yet?

at least we got a conviction

https://observer.com/2022/08/jpmorgan-trader-convicted-spoofing-gold-price/

>>50848553
>ATHOF
Atha looks like its holding support relatively decently around 1.70 USD

>>50848660
>https://observer.com/2022/08/jpmorgan-trader-convicted-spoofing-gold-price/
It only took 30 years.

>>50848710
Thoseare good lines. Check the weekly though. Rsi is also turning down.

>>50848710
I'm definitely feeling a buy here, st least putting a posistion.

Any news on Bayhorse silver mine?

Can we get blue lagoon copium I’m down close to 50% now

>>50847295
I was intrigued by the chatter last thread, found pic related on the CEO board, seems like it's not a slam dunk but if Sprott is invested that's a good endorsement. Could just be random FUD. Would need to do a lot of DD before jumping in this one.

>>50848710
>>50848886
FYI - i am not recommending a buy / sell, i was just posting what i see on the charts. personally i am a little bearish on oil in the short term

>>50849845
Yeha I'm bearish too. The chart is unreadable right now in terms of direction.

>>50849842
I would be very cautious with Osisko Development, they have a really poor reputation here in BC for their antics at Bonanza Ledge, as well as just poor management in general. I ll be interested to see if these issues persist, I am not sure how many people got transferred from Bonanza to Tintic.

>>50849879
fuck sorry thought you meant Osisko, Seabridge is fairly sold, honestly one of the stronger juniors out there right now with a lot of local community backing. It was smart of them to go with only the surface mine right now too, UG right now is getting stupidly expensive.

>>50849763
Crescat's videos are always good for some copium, the QH commentary in the 2nd half he goes over any news from the holding since the last update. You might have to go back a little ways to find BLLG updates as they haven't been putting out news lately. Check out the 6 minute mark below:

https://www.youtube.com/watch?v=PluCBEMtqbk

They have a good sized drill program going, has to be some great news coming when the labs return the data.

>>50849292
They're going to rename themselves Brandywine Metals soon

https://www.mining.com/web/coals-skyrocketing-prices-could-last-years-on-russia-disruption/

coal really doesnt seem like its going down in price anytime soon!

I trying to get familiar with commodities and specifically uranium just because I believe in nuclear being the solution and all.

Was wondering if there is any good recent analysis vid of the uranium space. The -Why are we investing in commodities? vid is really interesting but already 1 year old and not specifically for the uranium space.

Bought a small stack of Bannerman, Fission 3.0, UEC, UUUU

>>50851104
Just search “Finding Value Finance” on YouTube, Andy has some Australian chink on quite a bit and they discuss Uranium fundamentals at least once a month.

>>50849292
If they're not actually mining anything and don't have a permit to mine anything, should we be calling it a mine?

>>50852950
After Idaho anon went to explore but went missing I'm pretty sure that now at least it's no mine

>>50851104
Watch the uranium market minute on YouTube from uranium insider.

>>50848660
https://www.justice.gov/opa/pr/former-jp-morgan-traders-convicted-fraud-attempted-price-manipulation-and-spoofing-multi-year

>>50847264
wwhat roblox game this?

>>50849763
Sers guru Rana will kindly release the bonanza grade ok do not redeem

>>50851094
Are there any decent small cap coal miners?
Got some WHC.AX, CEIX, and BTU but all the smaller ones like SGQ.TO or BUF.V look like absolute trash.

>>50851094
Newcastle coal is more expensive than WTI on $/MWh basis. It is usually less than half of WTI.

Also Scottie could you PLEASE release drills. They actually teased visible gold in cores and apparently all drills have hit mineralization.

>>50854402
I wouldn't buy small cap coal. Logistics matter too much and small caps have no advantage there. Actually I am getting more bullish met coal, it is more future proof and can be sold to some extent to the thermal market. Hard to see thermal coal going up other than in an acute shortage unless oil also goes up, but I digress. Holding BTU, although they don't have tonnage to sell into spot and have dogshit contracts

>>50855249
Scottie says they have completed 13 holes 6 days ago, any idea when the first lab reports could be dropping?

>>50855249
>>50855498
Patience Scottie bro, Alex is on the job

>>50854366
checked. golden brown run confirmed

Where my POLYbros at? How we doing?

Goliath news

https://goliathresourcesltd.com/wp-content/uploads/2022/08/August-11-2022-Goliath-Drills-59.1M-of-Continuous-Sulphide-Mineralization-Confirming-a-Mineralized-Footprint-of-5.25-SqKm.pdf

Bunker Hill news

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2120-cse/bnkr/126187-bunker-hill-discovers-high-grade-silver-mineralization.html

>>50854366
Dear sirs

We have the gold.

Kind regards

People are forgetting that USD down = commodities up = inflation higher

You are trapped lmao

>>50855835
Here, cant really sell, cant buy I'm in limbo basically.

>>50856728
need a new president to end the war

>>50855835
>Where my POLYbros at? How we doing?
just holding. i can sell but can't buy on Fidelity

>>50852950
But what about the four world renowned expert PhD geologists who said the mountain of silver ore is the best in the world? Where are the expert geologists now? If Bayhorse can mine up to 5,000 cubic yards per year, and Bayhorse purchases a $1,000,000 Steinert ore sorter to send only the highest quality of the highest quality ore to Ocean for processing, how come Bayhorse is not even doing that? What about all the bags of ore Graeme is pictured standing by smiling with his cowboy hat? Why doesen't Graeme send his bagged world class ore to the Bayhorse ore processing facility in Idaho if he refuses the Ocean deal he already signed?

Pan American down 12%. Bought some LEAPS.

Scottie up 13%

>>50854178
This

Also Decouple Poscast is great if you want a more technical understanding of the Nuclear industry. Chris Keefer is a very knowledgeable man and has lots of industry guests on.

UUUU approaching that $7.50 resistance with relative ease over the past few days

>>50855835
I have RSX but am in the same boat as PolyBros.

I’m expecting this to be dead money for 1-3 years, then a 5-10x once kikes get what they want

>>50856937

Rick Rule has been praising PAAS in interviews for months, maybe over a year. Today they posted a lousy quarter. I wonder if he really likes them or pumping to retail was his exit strategy?

Dudes what's up with precious metal and uranium stonks? You think I should just take an 8% loss or are these ever going to go back up? Wtf help a brainlet out here. Did I mess up?

>>50858176
Down 8% isn't bad, I'd ride it out, many here are down 40%. Those who are able to stomach a temporary loss on paper and can hold through it should eventually be the winners

>all in physical
>fuck it Hecla calls are cheap
>lose $80
Now $80 isn’t that much but fuck I could’ve just taken my girl out to a nice dinner instead.

>>50858440

>>50855680
She could inspect my core any time

>>50857999
trips confirm: i bought nigga rick's bags

>>50858544
Kek NIGGA RICK

>>50858544
me too, I had $20k in PAAS about a year ago, at least I trimmed it down to $8k when up a little. now I sit for years

>>50858440
>>50858544
>>50858758
Stop buying overpriced silver stocks

>>50858866
Hecla is only fo’ bucks do

>>50858877
2.5B for this. Loss for H1 22 as well.

>>50858910
:(

>>50858176
sell and consider coming back when the recession has gone by

>>50858910
someday silver will moon, if we can hold and live that long

>>50847264
remember: we're not wrong, just early

So that actually was the oil bottom?

>>50859431
Its still in a downtrend.

>>50859179
Silver will really have to fly and stay up for these miners to do the numbers I suspect people here hope for. Seems like a gamble to me compared to gold stocks that are much cheaper. Many of these silver companies need $25 just to break even. They are priced like silver is already at $40.
Comparing potential gains off a silver run today and in the 80s or whenever people always talk about where stocks did 100x, I don't think makes much sense as I'm pretty sure the stocks back then weren't priced nearly as highly as they are today.

Get ready for round 2 of the bear market

>>50859706
>(((Reuters)))

>>50849292
yeehaw

>>50856912
I know buddy
but if you actually cared about anyone here you'd be pointing out that these things are true of several of the companies they's still buying stock in.

What actually happened is you won an argument on the internet and then spent the next 2 years straight posting every day about how right you were that one time.

>>50849292
Graeme working hard, will keep Basedhorse alive for silver moon mission

Bros wtf is going on with natural gas? It just keeps pumping

>>50858910
55% of Pan American's revenue is from gold

>>50861004
At least they are profitable, but their mines are in terrible jurisdictions and their mine lives probably relatively short because they aren't as overvalued as other silver miners. Just having silver in the company name means it's probably very expensive. There simply aren't enough silver mining stocks for the silver bug community so they get bid up to ridiculous levels.

>>50861116
Was talking about PAAS.

>>50861116
sorry, replied to the wrong post and was rewriting. i agree

>>50860716
europe is in a literal energy crisis. just wait until fall. not saying i know if stocks will go up or down, but europe is in a real pickle

bump

>>50860716
It’s funny since two years ago you couldn’t sell a btu of Nat gas for $2 to a eurocuck, now they are readily paying $50+ for the same unit (Dutch TTF)

>>50856020
holy shit thats a thick intercept!
Cant wait to see those results!
>>50856088
always good to see them in the news!

>>50859281
that's the same thing.

>>50865388
is it though?

Where are my fellow Scrap Chads at?
E waste is going for a lot these days.
Folks just leave their busted TV's and electronics on the side of the road free for the taking. Just take them apart and sell the boards and components. I once doubled my weekly paycheck after scrapping a box full of hard drive from work.

>>50866223
Based and scrap pilled. What's the scrap value of that box in your pic?

>>50865703
yes

>>50866263
I got about $12.20 for everything total. The parts came from three different TV's I found on the side of the road. Power Supply boards don't go for as much as they used to and came out to around $2 for three boards which was disappointing. I was peeved they didn't value the speakers higher considering the magnets inside. I'll have to take them apart next time. However, I did get $10 from the four low/med grade boards and assorted chips. They refused to take the screens. Although tbf I wasn't sure if they were worth anything anyway and only pulled them to see if I could get anything from them so it doesn't matter. I was able to salvage the chips that were hanging off them though.

Not my best haul but good enough considering. I did way better a month back when I scrapped some networking equipment, a graphics card and a few RAM sticks. I got about $25 for seven boards.

>>50866223
This is hilarious, today I actually happened to pick up a nice 40” LED TV left over from a deadbeat tenant.. low and behold it doesn’t work.. might have to follow you anon and salvage what I can. I always liked taking things apart anyways.

Race for REEs is on. Watch the new Chris Grove interview for more info

https://www.zerohedge.com/commodities/billionaires-fund-treasure-hunt-greenland-rare-earths-power-green-reset

Anybody invested in northern dynasty minerals?

>>50866825
Where do you sell it? A scrap yard?

>>50867150
Yes. The local scrap yard near where I live buys electronic scrap. The stuff is fairly valuable and worth scrapping (Pic related). The prices I've got listed may vary depending on where you live. I believe the process is that they'll salvage whatever board components they can or outright sell the boards themselves to manufacturers and repair centers who will happily reuse the components thanks to the current state of global supply chains. It's one of the reasons hard drive and cellphone boards are valuable. They'll then ship off whatever is left to be melted down for the silicates, PMs, REEs and other metals.

>>50867019
Lol no.

https://www.rferl.org/a/russian-coal-exports-eu-ban-ukraine/31981840.html
European Union ban on Russian coal goes into effect tonight.
With Ukraine striking bases in Belarus and Crimea now, I'm willing to bet that war isn't going to slow down anytime soon. If Putin backs out he's as good as dead.
Liking BTU the most once it breaks out of this pattern or pulls back to support. I've been in and out of NC as well. ARLP seems interesting as well with a nearly 7% divy and good fundamentals.

>cmmg has resorted to scrapping for gains

I'm still holding Russian stocks and I'm not selling - in case there are any lurkers out there

>>50868828
Well we aren’t sucking dicks yet like most of the pandemic growth stonk investors, so that’s a plus

Can someone explain to me why commodities and precious metals stocks are down? How is this even possible in an inflationary environment? Should I just take the loss or hold? Kind of stressing about this anons. Halp

Is there a /cmmg/ or /biz/ REE pick? I took a position in Defense Metals, after seeing the case for it from Bob M and HH, but I'm open to picking up others, lots of potential for big returns in REE.

>>50869282
The market is made of majority retards and then a large amount of manipulators. It will all work out in the end. I made 75% on my trades so far this year.

>>50869387
There's an ree etf I think called remx that put on nice gains last year but I haven't looked into it since then.

Buy BHP
100x EOY
Screencap this

>>50871152
screencap this for the jannitor

>>50871152
>$13.5T market cap
sounds legit bro

>>50867019
wouldn't recommend it. The Feds are not letting the mine get permits.

>>50869282
It's recession time mate

>>50869282
>How is this even possible in an inflationary environment?

were in short-term disinflation so commodities are going down. also, all the normie money still goes into tech stocks and the SP500, not commodities

>>50855824
Golden Brown bull run is approaching, any day now

Are there any good smart contracts based on commodities, or is the reliable oracle problem still not solved? The DTCC, NSCC, and OCC are engaging in massive shenanigans right now so I'm leery of traditional miner stonks, options, and commodity futures.

>>50855835
Holding. Same opinion as >>50857554

Anyone thinking about slurping fortuna at these prices?

Not totally biz related but I have recently been reading Benjamin Franklin's autobiography and I have to say it has been a very good book so far. His principles and way of life are well worth examining and mimicking. He's quite prudent snd industrious, something I think everybody looking to get rich should also emulate.

So are commodities like U and PMs going back up or what? I don't want to take a loss but I don't want money sitting there doing nothing either.

>>50875299
>slurping FSM
checked and just did so since i was down a sizeable amount anyway.

>>50876182
What are you gonna do? Buy bitcoin and tesla stocks so you don't miss the pump?

>>50868828
It's a Bear market baby, and I'm sellin'.

>>50877535
>Snoop Dog's cover of Riders on the Storm playing

>>50876052
I just started David McCulluough's biography of John Adams. Sad to see that he died recently tho. RIP

>>50878157
is the tv show any good? apparently there is a tv series out now.

Trillion Boys rejoice

New interview with Arthur the CEO:

https://youtu.be/hxjHgF4Ewv8

Uranus is on the way to SASB field!

>>50879108
I happened to buy in this morning before it pumped wow

>>50879108
Feels good to have slurped at .23
Currently 2nd biggest position, but it's hot on Impact's heels now

>lithium bussin today
>uranium sussin
No cap should I buy the dip on uranium stocks? Thinking of deadass aping in on god

>>50879247
uranium you'll be able to buy cheaper imo. don't buy it on a general market poomp.

>>50879195
Nice buy anon. I had about 10K waiting to buy at .17c but I was too greedy when it was .20c, thinking it would go lower.

Regardless, its good to have skin in the gas game, and Trillion is to my knowledge one of the premier plays in this sector, largest nat gas deposit in the Black Sea, good financial backing etc. This is a play if you want to synthetically short the EU since bad news for them (higher inflation and social unrest due to rising energy input prices) is good news for Trillion Bros!

>>50879247
>>50879566
Idk what's going on with uranium. I should have sold when I was up 35%. I still believe in uranium I'm just not sure why it isn't going up but I feel the pump is coming at *some* point. We need some big news concerning it.

>>50880293
>We need some big news concerning it.

Der Spigel:

>Germany Sees Tidal Shift in Sentiment Toward Atomic Energy

>A poll commissioned by DER SPIEGEL has revealed some rather shocking numbers. According to the survey carried out by the online polling firm Civey, only 22 percent of those surveyed are in favor of shutting down the three nuclear plants that are still in operation in Germany – Isar 2, Neckarwestheim 2 and Emsland – as planned at the end of the year.

>Seventy-eight percent of those surveyed are in favor of continuing to operate the plants until the summer of 2023, a variant that is being discussed in the political sphere as a "stretch operation" – in other words, continuing to keep them online for a few months, but without the acquisition of new fuel rods. Even among Green Party supporters, a narrow majority favors this approach.

https://www.spiegel.de/international/germany/germany-sees-tidal-shift-in-sentiment-toward-atomic-energy-a-05f47c3c-d20e-44dc-bd6d-1e1dbfb7f0cd

>>50879135
>Uranus is on the way to SASB field!
>>50879108
based. been in since .18. do we know when uranus will arrive?

>>50880293
the problem with uranium are the companies. most of the companies publicly traded are just complete shit and i think the real money is going to be made in private companies.

>>50880285
>I had about 10K waiting to buy at .17c
Damn you weren't far off

As a Brit if I can make money at the expense of the EUSSR then the gains are just a bonus.

>>50880293

It'll move when it's clear there are no gains to be made in the general markets and when most of the money finally rotates to commodities.
But for the moment it's still piss easy to fleece the euphoric average Joe out of their wealth in equities, as they all think we're never going to go down again.
You can bet your ass that when the market takes another even greater shit downwards, we'll go down with Uranium to even lower lows than before.
We haven't decoupled yet to any extent.

>>50880492
I hope we are in a dead cat bounce return to normal phase. I am depositing cash and leaving it there hoping for it to resume dumping. This week made me itch.

>>50880414
This is the beginning (or a continuation?) of a general sentiment shift in one of the most hardline anti-nuclear bases in Europe. If this starts gaining more momentum as the year progresses and it becomes clear not other alternatives are capable of providing that sustained baseload power, then the politicians themselves will have to start adjusting their much-maligned energy policy to satisfy the desires of their constituents, or otherwise face being voted out of their ivory towers.

Im just always amazed at the insane amount of fundamental tailwinds for uranium, and yet U308 spot is relatively tame in comparison. Like if energy is down, uranium is also generally down. If green tech space is down, then uranium equities are also suffering. This will all change upon the mass recognition of uranium's importance in the future energy frameworks.

Also the potential for huge spot price gains cannot be understated as they are such a small percentage of overall Nuclear Plant input costs, the operators are more than willing to pay absurd amounts for u308 provided they can get their hands on refined product. It would be cool for Biden to announce a ban on Russian enriched U but hes probably not that senile.

>>50880562

There's really no way we don't resume dumping fairly soon, because inflation at these rates is going to obliterate the average Joe to a point they soon can't afford to buy food and that's going to happen pretty damn quickly.
No matter how they fuck with the paper data, food prices are going up along with everything else.
Things are reaching a breaking point and the market simply has to crash.
Besides considering how people's feet are coming off the ground about this market reaching new highs, it's a good signal of the top being pretty damn close.

Now the real question is whether to exit all Uranium positions on this level and wait for the bottom, wherever that may be.
Because there's a very real possibility we see some of these stocks tumble 50% from here when they break through that previous major support.
On the other hand we don't know if something miraculous happens which makes the U market do a 180 and make it super attractive, so there's always that possibility.

>>50880414
>>50880581
I don't understand why they want to shut down reactors. Nuclear is the answer to their stupid "problem"

My mining stock is starting to snowball but I don't think my position is strong enough to make life-changing money and I'm out of dry powder.

>>50880905

Big oil funds the politicians and green parties to fight against nuclear, because nuclear is the only real threat to fossil fuels.
Renewables are a joke which basically just forces you to build more normal power to support it, but nuclear obsoletes everything else for the most part and that's why it's a threat.

>>50880970
>Renewables are a joke which basically just forces you to build more normal power to support it, but nuclear obsoletes everything else for the most part and that's why it's a threat.
This is very true if your climate geography is bad for renewables. On the other hand if you've got the right climate and geography their great.
IIRC I think Ft. Worth TX is set to be the first major city in the US to go green, carbon neutral, or something. Mainly because putting in panels is cheap and actually makes sense.

>>50881289
this anon is in the right. Solar and wind can be very viable and even quite economical but they need to be in the right place with lots of exposure to sunlight and continuous high velocity winds respectively

>>50881289

Oh sure if you live in a very sunny place then solar can actually work and I don't object to it in places like that.
But if you live in those unsuitable areas, which is most of the planet, then it's a complete fools game and that's the problem, renewables are being pushed as the solution to fix everything everywhere.
I live in Finland and the thought of anyone putting solar on their roof is laughable and the thought of the state using it to produce energy would be a complete joke. Thank fuck they're not that crazy yet.
At best we can do some wind, but even that's sketchy at best regarding the returns, especially if you compare it to any other form of energy.
And if you have nuclear there's zero need for renewables even in those best places, because they're obsoleted by the best form of energy right off the bat.
I think that solar should mainly be reserved for personal use on top of homes so you can tell the energy companies to fuck off and small industry away from the grid that can use it locally.

Any day now

Is coal officially a dead industry, despite its recent resurgence, due to the Climate Change Bill passing? Is coal dead in the USA?

>>50881479
Renewable energy is neither economical nor viable. We already smashed the fuck out of your retards a thread or two ago. Do we really need to do again?

RANA RELEASE THE ASSAYS YOU BASTERD

>>50882611
hard to say, metallurgical coal isnt going away anytime soon, but fuel coals will likely still slowly be phased out. Both are not going away any time soon though.

Bros, look at the graphite charts. $GRAT went up 67% today. Bottom is in.

>>50881289
That pic is is way too picky with locations, for solar at least. Spain marked as unsuitable for solar energy, lmao.
>>50881567
Energy can be transferred you know. Suggesting that solar should be reserved for rooftops shows how little you know about it, because that use is extremely inefficient. Cost per kwh is several hundred percent higher than large solar parks. If people want it for their roof that's fine but it shouldn't be subsidized.

anyone seen Dolly Varden's results from their latest drilling?
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/681-tsx-venture/dv/126117-dolly-varden-intersects-50-2-meters-of-414-g-t-silver-in-step-out-drilling-at-kitsol-vein.html

Thats pretty fantastic results, wide intercepts are never a bad thing.

>>50882983
I wonder if fuel coals will be phased out in as little as ten years. Between 2008 and now, coal-fired electricity generation dropped from about 50% to 20% of the national supply in the US. At that rate, and with this new bill and this new green push, thermal coal could die fast.

>>50883120
Natty may not be so cheap anymore because of all the new LNG export facilities. The switch to gas fire generation was enabled by the fracking boom. So we may be going back to coal short term still.

>>50883150
>>50883120
add in Green energy ults like wind and solar failing in europe and we have a perfect storm for both nuclear and coal to make a serious comeback. Coal for the short term and nuclear for the long haul. Heck coal might still stick around as a source for rare earth elements as well.

What is this generals’ thoughts on northern dynasty mineral? They recently got a three year cash injection by an investor. They own the claim to the massive gold field in Alaska that natives don’t want to be mined.

>>50883554
Their Pebble mine project is probably not happening (in its correct form), due to the US government blocking further permitting. Its a pretty controversial project but its effects on the environment have been greatly exaggerated. What I would be more concerned about right now for the Pebble mine is scale creep. The project has already gone through a number of major expansions, when its original scale would be perfectly fine to begin with.

The Pebble Copper project will probably appear again in some form or another but their having a hell of a time with activists and government vetoing it. It should be a strategic resource, but I fear it will end up like Windy Craggy in the 80s.

>>50883554
to add to this, the reason the Natives (and a huge list of other groups) dont want the mine is because its within a fairly sensitive salmon spawning ground, one of the last untouched runs left on the west coast. There are plenty of other headwaters out there but this particular one plays host to a lot of spot fisheries as well as subsistence living. Even one of Trump's sons came out against the project as hes a fly fishermen. Its a massive pain in the ass that some of the greatest resources out there also happen to be either on top of or nearby some of the most sensitive natural landscapes to.

>>50881289
>>50881479
>>50883554

Influx of retards= bullish.

AUCOY had a 75% pump today seemingly out of nowhere. Certainly a welcome surprise but why would it after Russia anything has been hammered hard?

>>50883470
That's my point thought, coal is just short term and is likely dead in the next decade in North America and Europe.

>>50884389
*though

>>50884389
for fuel probably, it will probably slowly fade out. However other forms of coal are here to stay. You cant make steel without coal.

>>50884433
I agree that the higher quality coal will survive long term for steelmaking.

>>50884117
>AUCOY
look at the volume. 238. thats literally 1 person buying shares with a market buy. if you own Polymetal, you should own it on the London Exchange, not the OTC. I own it on the LSE via POLY, not AUCOY, and we were +3% today

>>50882611

Maybe the following doesn't address the entire scope of your question, but:

>Q:Does the US have an abundance of coal?

>A:There's no question that coal is America's most abundant, domestically produced energy resource. If we continue at the current rate of consumption, 917 million tons of coal per year, our 260 billion tons in reserves will provide homes and businesses with affordable electricity for at least 280 years.

Honestly I think 260B in reserves might be on the low side, I've heard geologists say the inferred US coal reserves are in the trillions, but even at 260B its ample amount of energy to support the American enterprise for another few hundred years at current consumption rates.

Now, although we have recognized it as an abundant resource, its dirty as hell, not very energy dense (it takes 1,700 pounds of bitumen coal to equal the kWh output of 1 barrel of crude) and is just generally hated from all sides of the public spectrum. But at the end of the day, despite these unsavory elements, coal remains the source of about 1/10th of American energy capacity on any given day. That number will decrease as nuclear takes hold, but it is still a large enough source of US energy that will make it a significant lobbying presence for Super PAC funds that will readily soak up all that newly minted coal cash in exchange for assurances that the industry will remain a energy provider for the foreseeable future. ESG may complicate this but come fall we will see if a red wave can override the woke anti-cokers and create less legislative headwinds for the coal industry.

We see the "boiling frog" analogy being thrown around alot.. but this is the epitome of that.

Fuck the french for blocking LNG pipelines from Spain in order to appease nuclear EDF monopolies. They are more tolerable in their ignorance of energy grid diversity than the Germans, if but by a hair length or so.

>>50866892
Notice how official Greenland ministry is saying "open for business.. rich in mineral resources" etc

Meanwhile not long after this, they refused to grant permits to what potentially could have been some of the world's highest-yielding uranium deposits, invoking the " muh nuclear is bad" trope as the basis behind the decision..

Now, we shouldn't be mad, since this limits potential supply and hence is a tailwind for uranium spot. But I just highlight this an an attempt to show how fucking dumb those people in elected office really are, since they have no technical background in these industries, nor do they seek input from those associated.

I would be surprised if any of these nickel or cobalt projects even got off the ground with how inhospitable of a jurisdiction Greenland has already proven to be for mining.

>"We are looking for a deposit that will be the first- or second-largest most significant nickel and cobalt deposit in the world," Kurt House, CEO of Kobold Metals, said. The California-based mineral exploration startup is backed by Gates, Bezos, and Bloomberg -- these billionaires are the usual suspects pushing climate change narratives.

https://www.mining.com/web/mining-firm-backed-by-bezos-and-gates-to-begin-greenland-drilling/

Kek this mining co is pozzed as hell, but I'm sure they'll just pull a 1990's Barrick gold in Africa (they had Bush Sr, on board) and just kill/silence the locals since they have enormous amounts of capital and influence behind them.

>>50885603

>Notice how official Greenland ministry is saying "open for business.. rich in mineral resources" etc

whoops, this was my intended picrel for reference

>>50885603
I hate governments that do bullshit like that, they are sitting on billions in resources, but i think its not going anywhere without the "right" people or groups involved.

>>50885603
imagine saying your open to working with prospectors and explore cos but wont let them work the ground, hell i thought BCs environmental regs were stupid, Greenlands are utterly broken.

>>50855680
Where to find qt mining gf?
At least she isn't a blue haired lib. If so I would immediately sell. They get a soft pass because she's cute.

>>50854366
Sirs we will not redeem our shares. 100k share village meeting at my yacht once we make it.

>>50858440
>>50858453
Are Zoomers starting to invest in commodities. God help us. Make sure to tell all your friends to invest once you 10x your money. You really need more money to invest. Get a better job or a trade.

Bumpu

>>50849292
Why G doesn't do the needful sirs?

Bump

How's your bottom shopping guys

I recently added CMC Metals and Silver Viper to my holdings. Focusing on Silver only so sold at profit big caps and non-Silver company.

Next buy are Finlay and adding a bit to my Irving holdings.

>>50884055
maybe you should go all in then, surely this isn't the most obvious bull trap in history

>>50885603
I would stay away from anything Greenland related since if a deposit has 0.01% in uranium resources it will be axes by the government there. And no I'm not exaggerating, this is their policy. It's not a hospitable environment for companies.

>>50889007
Imagine when we moon and all move to Japan, this will be our lives every day.

QQ, that's good! Everybody knows that crypto is the future, but have you tried Life Beyond?

>Fun action gameplay
>Open Alpha Reward Program
>CEO, Benjamin Charbit, was the Game Director for Assassin's Creed: Blackflag
>Upcoming NFT Drop

>>50889846
nobody is moving to japan with you

>>50889339
this anti uranium policy has harmed several serious copper and gold projects. We wont be seeing much more exploration work out of Greenland until their government changes its tune.

Boomp

Any 0 debt copper mining companies worth in investing? Seems like many big players own some sum.

>>50860284
>you won an argument
There is no time to thank me. The high inflation is damaging the ladyboy cowboy's lifestyle. Graeme needs the pumper pumping at full pumpage ASAP to raise the stock price so he can dilute more. He needs the money for the ladyboy squad. The pumper need to post their expert DD round the clock like before. Graeme needs at least one more major dilution.

>>50889007
>>50889846
>>50891258
no wiener on my Jap plz

>MARKET IS CLOSED (Will open in 26 hrs. 18 mins.)

>>50894276
would be nice to see gold hold $1800 Monday and keep rising, took a while to get back

>>50894495
Still believe we are in for one final dump. The market is still correlated, and it needs to split off. Commodities can't moon until everything else cores.

Stupid cunt added the useless boomer videos back in instead of adding some useful content

>>50894796
>>50894495
Yeah I also don't think it's time yet to finally push through 2000 for good, but it could happen at any time of course. I think though that the fed will be more hawkish for longer than the market expects, inflation will force them to keep rates higher for longer and we will see some significant QT. They will have to take some of this froth out of the markets and get demand down, while this happens, gold will not run. Getting gas priices down is important to the regime and that won't happen if they don't tighten, they also need to refill their reserves, so oil needs to go down.

>>50894864
/CMMG/ Commodities, Mining, and Macro General


Commodities include
>Precious metals
Gold, Silver, Platinum group metals
>Energy
Oil, Natural Gas, Uranium, Coal
>Base Metals
Copper, Iron ore, Nickel, Lithium, Cobalt, Zinc, Lead
>Others
Water, Agricultural, Salt

More information for each commodity
https://pastebin.com/tduUv8Ny
Calculators for DD
https://pastebin.com/TsRtpKHs
Steer Clear List
https://pastebin.com/V571vwse
News Sources
https://pastebin.com/bQFESpBL

>Youtube channels to follow
Palisade Gold Radio, Mining Stocks Education, Sprott Money, Goldsilver pros (Rob Kientz), Finding Value Finance, Gregory Mannarino, Peter Schiff, Macro Voices, Crux Investor
>Canadian junior press releases
https://twitter.com/JrMiningNetwork
>Newsfeed
https://twitter.com/zerohedge

>What is Austrian economics?
https://mises.org/what-austrian-economics
>Austrian economics books
What has government done to our money (Rothbard), The mystery of banking (Rothbard), and Profit & Loss (Mises)

Previous: >>


Save this bakers

>>50894924
>Getting gas priices down is important to the regime
On the contrary: keeping them up is important to snapping the spine of the American middle class once and for all. Their proxies in the mass media have been singing of the joys of $8+ gallon gas since Brandon got into office.

>>50894979
Too schizo 4 me, yes they hate white people but they want to stay in power and gas price is very important to a lot of people. People are not happy and they are about to lose the mid terms.

>>50894979
I love it when you invest based on your politics and lose your ass. But you never learn. You never figure out your politics are wrong. You just make up a new story to tell yourself why you failed or if you can't lie to yourself you say "clown world" and wander off a bit poorer and slightly more confused.

Impact of fuel switching (from natural gas) in Yurope? How does this effect diesel inventories and price of oil?

>>50895650
thats going to take time to figure out, because its not a quick fix. We will probably start to see real hard shifts in energy in the next year or so. You cant just switch instantly from one source of power to the next.

>>50894924
We will hit 2k gold. Just like we did in march 22 and just like we did in aug 20. They mught fight to delay it but we are hitting 2k eventually. The only question is do we break it this time (third times the charm) or do we just test and break in 2023.
We bottomed much faster than after the last 2k test which tells me we will test 2k much faster than last time so i am holding on. I think we will test 2k then bottom again unless somethign big happens.
I am heavy in metals and plan to take profits around 2k gold but wtf do I know lol

>>50895481
/shrug

I'm not investing in gas. It's natural gas and coal for me. The more mayhem in Europe this winter the better.

>>50894945
>Salt
There was a big brouhaha about Atlas Salt last week. A bunch of anons pointed out that they had more likes than views on their YouTube presentation about some big salt deposits in Newfoundland, meaning they were botting. They reset it, but the thing left a bad odor.

https://www.youtube.com/watch?v=1-3JUZuRYM4&t=381s

Despite all of this, did we ever arrive at a consensus as to whether or not Atlas was a good play?

>>50898114

It's probably the most risk free play there is and so far it has resisted the movements of the general markets, so there's a good chance it'll at worst go sideways as everything else tanks to a lower low.
There's practically zero downsides to Atlas at this point.
They have everything they need and more as their resource grows every time they look into it and the MC is still fairly low. It's just a question how how quickly and how high it's going to go.
There's also the remote possibility of Lithium batteries changing into Sodium-ion based tech, which would skyrocket the demand of salt worldwide.
https://electrek.co/2022/07/14/sodium-ion-battery-breakthrough/

Now the only major thing is that whoever is looking for a buyout, might not give a shit about the mine having +100 years worth of salt. They'll probably just calculate it based on how much profit they can produce in let's say next 25 years.
And the guy running the show might very easily just say "Fuck it, I'm old and making tens of millions from this out of nothing, I'll sell it for cheap so I can be done with this quickly"
That would lower the buyout price considerably from ridiculous multipliers to "just" being a 5-10x stock.
Atlas is a great and safe play and just a waiting game for now to see what happens with it, all the pieces are in place.
Same goes for Vulcan because it's tied to Atlas by owning 27 million of their shares.

>>50898565
the best bit about Atlas Salts primary project is just how easy it is to actually develop into a mine. It doesnt require nearly as much of the work most of the UG projects we look at here need. Its a massive, solid block of salt, it doesnt need specialized support work, ground stabilization or even specialized treatment. Its simply develop your access workings and start mining, ship to customer.

>>50898599

Yeah by the sounds of it they can just dig a little slope down to the salt and start lugging it out on a conveyor belt straight to a ship and that's about it.
On top of that they have the hydrogen energy storage thing going on with the spinout company and that might end up being big in the distant future.

It's one of those stocks that regardless of what happens things will work out nicely. If no one buys it, then just keep the money in there and enjoy eternal divvies as the price slowly creeps up considerably over the years.
If someone buys it then you're going to get at least 5x, but most likely 10x or more in what I'd imagine is a fairly short time frame.
From what I gather the mine has the potential to be identical in production capability to Goderich mine and Compass Minerals was a +3 billion MC before the markets took a hit.
Atlas will almost certainly be cheaper to run though, because the salt resource isn't under a lake and the location is perfect.

It's probably the most risk free thing to buy in this market, just a question of whether the money comes quickly via buyout or long term through actual mine development.
Might go through a bit of a correction considering how much it has been running.

>>50898776
its quality salt too, very little sand / clay bedding mixed in, I cant think of a better deposit to be operate from.

>>50898599
>>50898845
Thanks for weighing in. I have learnt to value your counsel in these matters.

>>50847264
>Mining General

https://youtu.be/dl-HlFwHDl4

>>50898565
>>50898599
>>50898776
>>50898845
The bros who will be getting free shares of Triple Point Resources, SALT's upcoming green energy spinout, just got even more good news today

https://vocm.com/2022/08/13/germany-canada-hydrogen/

This just in: natural gas continues to go insane:

https://finance.yahoo.com/news/energy-traders-making-killing-exporting-080000801.html

If you don't want to get into the nerve-racking business of trading futures yourself, what's the best way to cash in on the frenzy? UNG? UNL? Some other ETF? Is there an American natgas company we ought to be looking at?

https://www.mining.com/web/codelco-turns-to-artificial-intelligence-to-squeeze-out-more-copper-from-aging-mines/

Interesting article on AI in mining. AI is going to come more in handy with exploration and mine planning in the coming decades.

>>50898565
>There's practically zero downsides to Atlas at this point.
Other than chasing green candles.
I expect a pullback.

>>50899358
>Is there an American natgas company we ought to be looking at?
Black Sea but see
>>50879108

>>50898776
>Atlas will almost certainly be cheaper to run though, because the salt resource isn't under a lake and the location is perfect.
The added cost of operating a couple hundred meters lower is the infrastructure, and that is already in place. They just pump the stuff up to surface. Location isn't really better for the NA market as the goderich mine is much more centrally located. Easy shipping is fine but you will still have to truck it after.
I'm sorry to say but the salt bulls are delusional. Have you even looked at the financials of compass minerals? As you would expect, salt mining is a very low margin business, it's an abundant resource. Their net margin is 4%. Talk about atlas salt being bought out for 15% of in situ value is military grade hopium. The goderich mine also has another 100 years mine life as I'm sure is very normal in this space and theres plenty of supply already, so it's far from certain that anyone would want to get the atlas mine into production.
People are talking like they have a 10Moz 20 g/t gold deposit or something, when it's probably just a dime a dozen low margin project.
What has even caused the huge run up in the stock? Hasn't their deposit been known for a while? Seems like pure hype. The market isn't 100% efficient but it's not completely retarded either, or completely blind. You think no smart institutional investors have looked into this company? Lots have, and it would have been bid up much higher a long time ago if it really was a certain 10 bagger.

>>50899358
Crew energy and trillion resources.

I'm surprised people here are not more excited by NPK just looking at some of the numbers: EBITDA increased by 782% in Q2 year on year, from $1,220,000 to $10,765,000; gross margin increased to 79% from 72% (78% YTD); net profit increased by 3426% to $9,625,000 from $273,000 the year before; revenue increased by 327% to $24,963,278; and sales of their fertilizer products increased by 112%, from 95,551t to 202,225t (314,000t YTD).

We're talking about a hugely growing and innovative fertilizer business in the best market for fertilizers in the world that is already making profit and has a low cost pipeline to increasing production in a massive way, eventually becoming the dominant fertilizer producer in Brazil. The guidance (that they revised upwards due to high growth) for 2022 is 1,000,000t fertilizer sold; $49M EBITDA; and $109M revenue. The EBITDA margin (EBITDA/revenue) would be 0.45 for the year, compared to the current EBITDA margin of 0.43. That's quite good, NPK is generating about 43 cents of operating cash for every dollar of revenue right now and is looking to maintain that sort of profitability. And for 2023 NPK is looking to increase sales to 2,000,000t with the intention of ultimately ramping up to over 20Mt sales later. I'll also point out that in six months the lowest price of KCl in Minas Gerais has gone up by 167% from US$390 to US$1,040.

Of course, we should take into account non-cash expenses, i.e. CAPEX especially since this is a growing business and since mining companies have very high such costs. Their 23Mt/y scenario for expansion has a mere US$130M CAPEX and an after-tax IRR between 380% and 505% depending on which products they end up producing, assuming conservative fertilizer prices. Much cheaper than most mining projects out there and it should all be internally financed by the company's profits as I understand. And the margins are quite exciting. Seems like a nobrainer to me.

/shill, GLTA

>>50903219
>I'll also point out that in six months the lowest price of KCl in Minas Gerais has gone up by 167% from US$390 to US$1,040.
correction, year on year

https://www.bloomberg.com/news/articles/2022-08-14/germany-reaches-gas-storage-milestone-two-weeks-ahead-of-plan

Thots on this?

>>50879135
>Uranus is on the way to SASB field!
i checked yesterday and its still in the port

>>50903219
What you didn't mention is that their mkt cap is a whopping $443M, so all that growth is priced together with an expectation of further growth. An EBITDA margin of 43% actually seems pretty poor if the product they sell has gone up 167% in price. So they would be losing money if price went down anywhere near last years level?

doppelte und der hausi schneidet sich den pimmel ab

>>50902532
>What has even caused the huge run up in the stock?

Asking this question basically means that you just want to throw out arguments for the sake of arguments, because you don't like people buying this stock for whatever reason.
Give it 10 seconds and think what could possibly cause this stock to go up, as we get feasibility studies and a new company spinout with free shares coming up along with the ever nearing chance of a buyout.
You're acting as if this stock is completely useless and will never make a cent and that people are just pumping it up for the fun of it.
>when it's probably just a dime a dozen low margin project.
It's being directly compared to Goderich for a reason.
It'll be similar in production capability and similar or even bigger in size, so why not compare it to the other big player?
Besides if you get another massive salt mine in the West with great transport infrastructure present, it'll make it far more lower cost to buy from them compared to getting it from place like China or India, especially in a case that fuel prices hike up or if we get any disruptions in the supply chain.
And salt demand is growing yearly, it's not a stagnant market.

Something chaps your ass really hard about this stock and that's fine, but don't pretend it's some useless shit company with no future or potential.
It's hands down the safest pick this thread has come up with so far.

>>50904889
>Something chaps your ass really hard about this stock and that's fine, but don't pretend it's some useless shit company with no future or potential.
No, I just enjoy the field of investing and analyzing companies so why not call out stupid shit when I see it? Again your reasoning skills are lacking if you really think I'm doing this because I just hate this company for some reason. That makes no sense at all.
Ive also never said the company is useless or worthless, if you read your own quote of my post again you will notice that I call it a low margin project, not a negative margin project. I never said or implied that the project is highly unlikely to get into production, I simply argue the nuanced stance of it still being very much up in the air at this stage. You are the one with the extremist view of this being the investment of the century without really backing it up by much thorough research. Believing that can lead to a very poor financial decision.
>Give it 10 seconds and think what could possibly cause this stock to go up, as we get feasibility studies and a new company spinout with free shares coming up along with the ever nearing chance of a buyout.
A stock doesn't run up 1000% because of a spinout or anticipation of a FS. If that's the reason then the stock is likely very overvalued.
>It's being directly compared to Goderich for a reason.
I haven't said that comparison is bad. I used Goderich as an example for the low margin of the industry myself. Also if you increase supply very significantly you can end up lowering margins even further.
I know you don't like people saying that your pick isn't the easy 10 bagger you think it is, but instead of lashing out against me it's much better to welcome criticism of your investments. Perhaps there's something you could have missed. Arguing with a person on the other side of an investment is much more likely to make you learn something than with someone thinking the same as yourself.

>>50904889
Atlas has WAGMI written all over it. Vulcan too, and possibly will run even faster from here.

>>50905344
>Vulcan too
You mean Vulcan Minerals from Canada?

>>50903219
I'm a holder. I expect to hold for a very long time. If it hits 1 Billion market cap in CAD, I will take some profits.

>>50905176

>so why not call out stupid shit when I see it?
Because there's no "stupid shit" to call out.
Don't pretend you're looking at this from some totally objective down to earth point of view when you say idiotic things like it probably being a dime dozen project despite being as big as the world's largest underground salt mine.
I bet you heard that 15% resource buyout number and that really sat wrong with you. You even brought that number up yourself. I'd say my reasoning skills about your bias against this stock are pretty much in the right.
10x from here isn't even close to a 15% resource buyout btw.
And:
>it would have been bid up much higher a long time ago if it really was a certain 10 bagger.
As if institutions are some all knowing entities that are always right on a stock when they appear on the market.
Institutions aren't even into uranium yet and it's pretty damn certain those stocks are going to do extremely well. Fucking hell they're not even piling into lithium at high numbers despite that being a certain investment.
>stock doesn't run up 1000% because of a spinout or anticipation of a FS. If that's the reason then the stock is likely very overvalued.
Yeah, it's also running up in hopes of a buyout, something I pointed out.

I'm totally open to being critical about things, but there's also the extreme view of being so critical that you don't allow yourself to invest.
Miners are a super speculative field and when you have a company that has a gigantic shallow resource in a very great place and is directly comparable to a very similar company, it's really stupid to switch to the impossibly critical mode and start scrutinizing the stock to a point where you don't even want to touch it.
Only thing you can stick with that mentality is supermajors.
Only realistic way this isn't going to succeed is if some green entity halts the mine development and that's about it.

>>50905420
yep

i will not be chasing Vulcan or Atlas Salt but good luck to all anons who bought in

>>50905532
They operate a bunch of limestone mines in the US, is that right?

>>50905559
>buy in
>later sell part of your position on one of the monster up days
>keep the profit
>let cheap shares ride until WAGMI
>bang big milker Japanese qt

>>50905621
not that I know of

https://vulcanminerals.ca/#

What do you guys think precious metals stocks and uranium stocks will do in the short medium and long term? I'm considering liquidating all of my equities at a 9% loss and just going cash gang. I'm honestly confused now. I thought commodities would surely be up specifically those 2 I felt was a no brainer.

>>50905520
>it's really stupid to switch to the impossibly critical mode and start scrutinizing the stock to a point where you don't even want to touch it.
You have a very black/white way of thinking. Like I've already explained I have never called the stock shit or said don't invest, I'm just bringing some nuance to your extremely hyperbullish view. Compass minerals is valued at $1.5B, 6x Atlas Salt's current mkt cap, and they already have proven to be profitable and built all the infrastructure. But Atlas is somehow already much more valuable? Crazy talk. Do they even have a nearby town for work force? Compass do. Fly in fly out operation will add cost.
>I bet you heard that 15% resource buyout number and that really sat wrong with you.
You write like you think it offended me or something lol. All I'm doing is pointing out that it's pie in the sky for a resource that probably isn't even going to come close to achieving 15% net profit margin. And you have to discount cash flow that's 100 years out. 1-2% is probably more likely, if there's interest.
The reason I called it a dime a dozen is because of the margin I expect it will have, it is all about money and value, isn't it? I don't think there really is any high margin salt production because salt deposits are so common, even if they might not be this large. We also produce a lot of sea salt. Apparently the sea is 3.5% salt, that's quite a lot. And it is as easy as just letting the water evaporate in large basins and there you have the product.

>>50905863
I'm thinking of Vulcan Materials.

I am curious of the mentality in here now. How many people here think we are due for a market wide drop soon aside me?

>>50905935
I'm expecting the general markets to take a humongous shit as this rally sputters out, which is going to drag everyone else down with it. There still hasn't been true decoupling in these stocks and we follow the normie markets closely.
We could be tanking all the way to 2023 when we eventually hit the real lows and from there we might start seeing the decoupling and money rotation happen.
I have no faith in the previous large support in things like Uranium holding as we take another leg further down. Cashgang might not be a bad idea.
I'll be accumulating cash in the coming months myself to wait for the buying opportunities.

>>50906009
>You write like you think it offended me or something lol.
It sure made you latch onto it as everyone's view of where this is going, which is the exact black and white thinking you accuse me of using.
>1-2% is probably more likely, if there's interest.
Which would put the stock between 5-10x like I pointed out there as the potential scenario. It does sound like we're in agreement about the price action here then.
But I wouldn't be surprised one bit to see it go for more considering their stake in the upcoming hydrogen storage business.

In the end we're dealing with probabilities here.
Are the chances high that this is going to become a productive mine? Yes.
Can this fail? Very unlikely.
Is it overvalued? Not by a long shot when compared to Compass, which is our closest comparison.
Before the markets took a shit compass was hovering around 2-3+ bil MC. The corona lockdowns and production getting fucked killed the demand for salt.
I see zero realistic reasons not to buy into a company like this at this price level.

>>50906298
>I am curious of the mentality in here now. How many people here think we are due for a market wide drop soon aside me?

i think we are entering phase 2 of the bear market and we're lining up the next 4 quarters for disinflation / recession. I'm a dollar bull right now which means commodities go down along with tech / growth stocks

>>50906315
>It sure made you latch onto it as everyone's view of where this is going, which is the exact black and white thinking you accuse me of using.
I just have a good memory. I reference the figure because it is something that has been used to come up with these pie in the sky returns of 50x or whatever, which is exactly the thesis I'm arguing against.
>>50906315
>Which would put the stock between 5-10x
Haven't studied this that deeply, but I believe they have a billion tonnes and I think I saw a number of $60/t from compass, unless it's for consumption which was significantly higher. Using $60/t that is $60B, or $600M-$1.2B, 2.5x-5x for 1-2%.
>Are the chances high that this is going to become a productive mine? Yes.
Maybe so. Hard to really say for any of us not having intricate understanding of the salt market. Demand has been stagnant for the past 10 years at just below 300Mt/y for the entire global market. So there may just not be an interest in adding another 5-10Mt/y, which is actually a substantial amount, as the margins are already low. I suppose it depends on expectation of demand going forward, and what that will look like I don't think any of us have any idea. They seem to use salt in all sorts of industrial applications.

>>50906675
And on the buyout price, it of course really depends a lot on the margin expectation of this product, where small details will matter a lot as we might be talking single digit margins. If it's only expected to have 4% margins like Compass has right now, then a bid could also be 0.5%. The IRR on this project with single digit margins has to be very low, even if they don't need a mill.

>>50906675
>there may just not be an interest in adding another 5-10Mt/y, which is actually a substantial amount, as the margins are already low.
/cmmg/ has a pretty naive view of how and why mines get into production.

It's usually about controlling or threatening market share rather than just making a larger or smaller profit than the next guy. Mines are often started up just so they can be bought out and shut down. Most of the time both companies skip all that work and just agree to pay the startup not to open. Mining isn't really the main goal of the mining sector. They make far more money if far fewer companies mine.

>>50904109
$443M is fucking nothing. There are companies that are valued higher based on mere speculation. Say these guys get to their 23Mt/y target in ten years, with the way they're raking in profits right now they would be getting in excess of $1B in EBITDA every year.

>So they would be losing money if price went down anywhere near last years level?
I wouldn't say they would? What lead you to that conclusion? They would be making less money but still quite nice margins. The company is already selling its product at a lower price than conventional KCl (propotional to the K content in their product) and the product itself is arguably better than conventional KCl due to its significantly lower salinity (better for soil microbiome + less rust on farming equipment). I hear that the company's product is so greatly in demand that they are pre-selling tonnes to be produced in 2024.

But let's say they could only sell their product at a prevailing KCl price of US$369 as assumed in the PFS which would be equivalent to about US$81/t sales price (US$23 freight cost) for the company's product, as opposed to the current +US$1,000 KCl price, and let's also assume they would not be able to sell sulphur and micronutrient products. The after-tax IRR would still be 387%. The mine would generate a cumulative cash flow of US$16B. YoY revenue per tonne ex. freight costs increased from C$37/t to C$88/t, and EBITDA incl. freight costs from C$13/t to C$53/t. The KCl prices were between US$390-555/t a year before and they had positive EBITDA (slight net loss due to CAPEX and management payments admittedly but with higher tonnage they would have been in the green)

I think I'm as convinced as an investor can reasonably be that they would stay profitable even in a bearish scenario for KCl prices. But if you happen to know other mining companies with numbers like these that are already turning in profits and that have lower market cap, I'd like you to share them with me.

>>50882611
You can sell coal at a premium to europoors. Germany restarted its coal power plants

>>50907797
>(slight net loss due to CAPEX and management payments admittedly but with higher tonnage they would have been in the green)
Correction, they actually had a slight net profit last year at C$273,000 despite low tonnage. But higher tonnage would have yielded a higher net profit.

>>50903219
Feels good

>>50907797
>I wouldn't say they would?
It's pretty simple math, if a company has an EBITDA margin of 43% after what they are selling has risen even just 100% in price, then they would be losing money at the old price, all else being equal.
>I think I'm as convinced as an investor can reasonably be that they would stay profitable even in a bearish scenario for KCl prices. But if you happen to know other mining companies with numbers like these that are already turning in profits and that have lower market cap, I'd like you to share them with me.
Lots of companies with lower P/Es. Not going to comment on the growth prospects of this one as I haven't looked into it. My point was just that this is a bet on future growth and not past growth, which is already priced in. Also of course primarily probably a bet on bullish fertilizer prices. Have no opinion on that really. Well I believe fertilizer price follows energy prices a great deal, and I'm bearish on those.

>>50907969
>all else being equal.
this is a terrible assumption.
I've told you guys before companies will purposefully increase expenses as profits go up to avoid taxes on income and get the lower cap gains rates and depreciation.

all else is never equal. That's the CEO's job. Literally to adjust costs to cancel out profits and vice versa.

>>50908141
And I believe I've already told you that bigger public companies don't pull tricks like these. And it doesn't really matter much in the end either when you depreciate, the amount that can be depreciated is fixed.

>>50908192
>I believe I've already told you that bigger public companies don't pull tricks like these
and I laughed at you.
and you got mad

thanks for letting me know it's you so I don't bother with you again.

>>50908220
Kek, you can't make me mad with your nonsense.

Anyone else hold this?

>>50908246
you get irritated when you think some idiot is handing out bad information just like I do.

>>50908279
Nah I'm not even a little bit mad, I just like arguing I suppose.

>>50907969
>It's pretty simple math
How do you explain them being able to make a net profit last year then, even when they had only 96kt tonnage? The guidance this year is 1Mt too btw so even if fertilizer prices went down to last year's levels the company would make an even better bottom line.
>Lots of companies with lower P/Es
Name three miners, lower than 500M market cap please. Again I'm not betting on future growth but past and current performance. The company is profitable, that much is plainly obvious. It's remarkably profitable.

>>50908298
arguing is fun.
getting rich is better.
I'll leave you to it since you appear to have it all figured out.

>>50908370
If selling price is up more than 100% and they only have 43% EBITDA now then the only explanation is that input costs have gone up. Which might very well be the explanation.
The P/E ratio on markewatch for the company is 55, which I believe is supposed to be for this year, based on analyst expectations. Almost all profitable miners would have a P/E lower than that.

>>50908414
>I'll leave you to it since you appear to have it all figured out.
I wouldn't say that, but arguing is a good way of getting smarter.

>>50908431
>If selling price is up more than 100% and they only have 43% EBITDA now then the only explanation is that input costs have gone up. Which might very well be the explanation.
Yes, diesel costs and therefore freight costs are up YoY.
>The P/E ratio on markewatch for the company is 55, which I believe is supposed to be for this year, based on analyst expectations. Almost all profitable miners would have a P/E lower than that.
Maybe I should have clarified, could you name three profitable mining companies that are below $500M market cap since you insinuated that the market is full of those? I think P/E ratio is a weak metric to use here because this is a capital intensive business where sudden high CAPEX costs may arise so I wouldn't use that for non-major companies personally. Projects that have such a relatively low CAPEX and high IRR as Verde's are quite few and far between, and I doubt you'd be able to find many projects of such level in companies of this low market cap.

>>50908480
Capex doesn't factor into any given years earnings in a major way as it is depreciated (expensed) over the life of the capital investment.
Examples of profitable gold miners with less than $500M mkt cap are Calibre Mining (P/E of 6). Jaguar Mining (P/E of 6). Argonaut Gold (P/E of 300 but 15 on last years earnings). There are several more at least.
Just to be clear I'm not shitting on your company, haven't even looked at their website. Just pointing out that they will have to grow into that market cap.

>>50908272

I held it but sold when their drills came out empty.
They have a good location and they're cashed up so a lot of potential, but until they get new results after the next drills it's pretty much dead money that may at best follow the rest of the sector.
I might jump back in when the time draws closer for them to get new results but not before that.

>>50908593
Starcore is a tiny profitable miner. Monarch Mining just smelted their first dore bar in Canada, profitability tbd but probably at least some.

>>50907797
>>50907969


Attention new fags. See this shit going on right here. We are the BEST investors on this board. You know fuck all. Don't come in here with your gay shit trying to talk like you know anything. Sit down, shut the fuck up, learn and listen. If you have a cool idea to share go ahead. If you have something you've researched go ahead and share. Don't come in here like that renewable energy faggot last week though and act like you're a good researcher and claim "you do more research than 98% of the thread". You will get fucked. We CURB STOMPED that mother fucker. The entire group held that little faggot down and fucked his ass.

We're savages in this bitch. Get the fuck out of here with your lame ass shit.

Can you even UNDERSTAND what these two bros are arguing about right now? No. You probably don't. Have you ever SEEN an argument like this on any other board in particular fag SMG or any crypto gay thread? No you fucking haven't because this is what REAL investing research looks like. Think about that before you come in here with your gay shit.

>>50907969
>>50907797
Good job bros. EXCELLENT discourse. This is why we're the fucking best.

>>50908593
>>50908640
Thank you, I'll have a look at some of those bigger ones. The tiny ones are not worth it, I know from experience that they just offer too little and lack scale.
>Capex doesn't factor into any given years earnings in a major way as it is depreciated (expensed) over the life of the capital investment.
Don't forget interest payments related to financing CAPEX. Those can be pretty high if the company has to get a big loan for a high CAPEX project. Also, doesn't a company's earnings get impacted if they decide to use some of the cash flow to finance an expansion of a project in which case it would be an operating/sustaining expense? Or am I mistaken? I admit I'm not very astute in all the financial stuff and I'm learning as I go.
>Just to be clear I'm not shitting on your company, haven't even looked at their website. Just pointing out that they will have to grow into that market cap.
No problem, I assumed as much. I know it will take time, execution, money and risk-taking for the company to grow and reach its lofty goals. Q3 and Q4 are very important for NPK as they will be commissioning Plant 2 in order to reach the 1Mt guidance. For reference, YTD they have produced a bit over 300kt so getting that expansion done successfully and on time is exceedingly important. Thankfully the mine is relatively low risk and low execution, no tailings ponds or leach pads or anything if I remember correctly. The company's project should comfortably be, as Rick Rule would put it, in the lowest cost and highest profit quartile as far as I understand but patience is needed for the project to grow into an economy of scale. And seeing as the company is at present profitable and growing I see no reason not to have patience. Though, right now may not be the best time to invest due to the recession and general downtrend in the markets. Plenty of time for me to spectate and weigh my options

>>50908893
One problem anons have here is they seem to never take into account volume. They will pitch a stock and then the ten day volume will be 3000. That's actually a very dangerous investment to get caught into. That's the reason I don't touch Starcore even though the fundamentals are pretty enticing.

>>50908893
>Thank you, I'll have a look at some of those bigger ones. The tiny ones are not worth it, I know from experience that they just offer too little and lack scale.
That definitely is a good rule of thumb. The small ones do often fail. I like Calibre, the team behind them seem great. The reason why they are so cheap is because Nicaragua is a very high risk jurisdiction, so it's a bit of a gamble on that, but if they don't get fucked by the regime they are probably going to be a great investment.
> Also, doesn't a company's earnings get impacted if they decide to use some of the cash flow to finance an expansion of a project in which case it would be an operating/sustaining expense?
No, although there may be some overhead expenses that aren't capitalized. But if a company expands a mill for example, I'm pretty sure it almost always gets expensed over a number of years. Sometimes they also capitalize pre stripping even when the mine is in operation. I think there are a few jurisdictions that allow for companies to depreciate how quickly they wish, but even then I think typically they will just depreciate over a longer period to smooth out financials.
Sometimes companies complain about capital expenses and use that as an excuse for losses and whatever but it's almost always failing companies that are just looking for excuses.
On your investment, just remember that you can never trust economic studies to be accurate. They are a guideline of course and a FS will often not be that far off. But sometimes they are. Especially with smaller companies that need to fund off their economic study, they have the incentive to be optimistic. And yes it's third party but they can influence them for sure and pick the one that promises to make it look good.
>>50908848
I almost don't want to say it but I'm that renewable energy guy lmao. Thanks for the kind words though.

>>50909115
Absolutely. Nonexistent volume can absolutely kill an investment. If I couldn't sell when I want to sell I'd be very uncomfortable
>>50909234
>No, although there may be some overhead expenses that aren't capitalized. But if a company expands a mill for example, I'm pretty sure it almost always gets expensed over a number of years. Sometimes they also capitalize pre stripping even when the mine is in operation. I think there are a few jurisdictions that allow for companies to depreciate how quickly they wish, but even then I think typically they will just depreciate over a longer period to smooth out financials. Sometimes companies complain about capital expenses and use that as an excuse for losses and whatever but it's almost always failing companies that are just looking for excuses.
I see thank you.
>On your investment, just remember that you can never trust economic studies to be accurate. They are a guideline of course and a FS will often not be that far off. But sometimes they are. Especially with smaller companies that need to fund off their economic study, they have the incentive to be optimistic. And yes it's third party but they can influence them for sure and pick the one that promises to make it look good.
Certainly. I can see that so far they have been profitable so I take that as an endorsement on the accuracy of the PFS, but of course the CAPEX, input costs and freight costs may rise above PFS expectations while the KCl price goes down, and sales tonnages may not grow as expected. It's the nature of the /biz/ness, lots of moving parts and things that can go wrong. Seeing them being able to turn a profit last year at low tonnages is very encouraging to me however.

>>50908848
Lay off the cocaine man. If you guys haven't gotten rich by now you're not the best investors on this board by any means.

you may be the hardest working, but that's not the same thing at all.

>>50908848
I'm also the guy who agreed with the renewables guy lol. But thank you

>>50896994
I think they still have a bunch of mothballed diesel generators.

>>50909516
kek

>MARKET IS CLOSED (Will open in 52 mins.)
Almost there bros.

>>50909665
I know for a fact Germany is reconditioning some of their old coal-fired generators. No word on where they're gonna get the coal, but some anons think we're gonna see a mini-renaissance in the American coal industry this winter. I'm seriously mulling over picking up some ARLP this coming week. The more carnage this winter the better.

>>50909666
Wait, what? Where? Where the fuck do you live?

>>50909948
>Wait, what?
Just referencing futures and the gold market. If I was a sick cunt my market would open in 2 hours though.

>>50909948
>No word on where they're gonna get the coal
From what I've been reading earlier this year, from as far as fucking Australia. No I'm not joking. Maybe their coal plants are not fitted for 'dirtier' or lower calorie content coal than that. I admit I don't know much about coal so I'm speculating now.

>>50893188
s-sexo...

PMs market open in 3 minutes, any predictions for Monday?

>>50910235
comex dumps a fat load of paper as per usual.

>>50909381
Lol

>>50910149
Oh come on. American coal needs to be in there SOMEwhere. We have more of it than anybody.

>>50909234
New year new me.

>>50909320
>lay off the cocaine
No

>>50910438
>No
it's up to you.
I get the feeling some of you are doing an absolutely incredible job researching an absolutely worthless sector.

>>50910662
:(

>>50910728
on the plus side if you wait long enough it has to be your turn eventually. And anyone that isn't positioned will miss it.

on the negative side if it takes long enough a lot of the companies you guys are checking out now will be gone by the time the sector moons.

>>50910662
>absolutely worthless sector
not if you get these 4 that are destined to 20x

Any anons going to the Lagoon shareholder meeting? 600k shares here, by next dilution I think I’ll be bankrupt so I want to feel like a whale until then

>>50910425
I mean probably yeah. But the point I was trying to make is that it seems Europe is absolutely falling over itself looking for coal even if they have to ship it from the other side of the world. Maybe they want Aussie coal so much because it's the best and cleanest or and their plants are optimized for that sort of quality. But I don't see why they wouldn't accept coal from elsewhere especially when shipping costs and logistics come into the equation.

How will the PM market get effected when BRICS comes about?

>>50911378
Not going to the meeting but if they have good drill results you might see Crescat step in and up their stake in the company, QH seems to like this one.

>>50911378
They had a little over 8 million cash at the end of March. The recent phase 2 drill program probably won't cost half of that. Should be fine without dilution until 2023.

>>50913007
>>50911378
I want to see some assay results but it might still be a ways out. I am busy right now but do we know which lab Blue Lagoon is sending their material too? Some juniors were sending their samples as far away as New York last year.

How many ounces of silver should I have before investing into commodities?

>Don't come in here like that renewable energy faggot last week though and act like you're a good researcher and claim "you do more research than 98% of the thread". You will get fucked. We CURB STOMPED that mother fucker. The entire group held that little faggot down and fucked his ass.


>>50909381
>>50909234

>>50913984
Enough to fill a safe like picrel, so at least 500oz. If you can safely allocate that much without being too overweight and susceptible to have to liquidate your metals (as you would incur a sharp haircut selling at or below spot), your in a good place anon. I would usually say 1oz of Gold per 100oz of silver, which is even more aggressive than the current AU:AG ratio, but you can fine tune and determine your allocation (if you even want to include Gold that is).

From there just look for lows in the XAU/Gold charts and time entries into GDXJ or SILJ if you want some “conservative”exposure without too much homework. From there you can stick around /CMMG/ and learn about different producers, juniors, ETFs, royalty companies and assess the pros and cons of each and see what works with your risk tolerance, capital amount and time horizon. Hope this helps anon

>>50885315
Whats the possibility of capturing emissions and sequestering?

>>50914418
I’m not very well-versed on carbon capture, but I recall a Swiss company, Climeworks AG, that has developed leading-edge carbon capture apparatuses that are being preliminarily implemented in various locations, including Iceland:

https://www.arctictoday.com/swiss-climate-tech-firm-to-launch-scaled-up-co2-capture-plant-in-iceland/?wallit_nosession=1

>>50914477
>Swiss start-up Climeworks AG said its second large-scale direct air capture (DAC) plant will be built in Iceland in 18-24 months, and have capacity to suck 36,000 tonnes of CO2 per year from the air.

>That is a sliver of the 36 billion tonnes of energy-related CO2 emissions produced worldwide last year. But it is a 10-fold increase from Climeworks’ existing DAC plant, currently the world’s largest, and a leap in scale for a technology that scientists this year said is “unavoidable” if the world is to meet climate change goals.

>Co-CEO Christoph Gebald said once this plant launches, Climeworks intends to build a far bigger facility capturing roughly half a million tonnes of CO2 per year — and then replicate multiple plants of that size, backed by project financing, towards the end of the decade.

>Mammoth was part-financed by a 600 million Swiss Franc ($627 million) financing round Climeworks announced in April. The firm also sells among the world’s most expensive carbon removal credit — costing up to 1,000 euros per tonne — to buyers including Microsoft, Audi and Boston Consulting Group.

>$627M for one “Mammoth” plant

Fuck I thought Oil and Gas was a capital-intensive sector. Also Mammoth name is quite fitting, with reasons that have nothing to do with its productivity versus capital input!

>Capacity to suck 36,000 tonnes of carbon
>36 billion tonnes of global carbon emissions per annum

So assuming carbon output remains steady (developing nations and their ever-growing hydrocarbon use notwithstanding) and the tech to build this over-priced piece of shit remains similar (raw materials prices be dammed), you have to build a MILLION of these plants to equal the carbon output, provided that is a “realistic” objective set forth by stakeholders in this start up.. this will cost $627 trillion dollars.. I’ll have what they’re smoking

>>50913984
silver is a commodity

the stocks being discussed here are NOT commodities

hope this helps.

>>50914611
Yeah these things are absolutely retarded. Much better results environmentally would come from modernizing coal plants and capturing carbon emissions from those. These open air carbon capture plants are a literal dead end investment unless the company is able to sell their imaginary fairy dust credits for high enough prices to turn a profit.

Can oil make up its bloody mind already? I am up 20% right now and I have no idea whether to take the profit and throw it into Salt or hodl for the upcoming energy crisis in Evropa. Bros... why is the commodity market so jewed?

>>50915711
when in doubt I always lock in some profits. Sell 1/3 or half if you want some peace of mind is my advice

>>50915711
Oil might be clowned with until after elections.

>>50911378
Always impressed by people being able to be so overweight on a company. Don't you feel a need to have an ETF style portfolio ? Especially considering you're not poor. A small position for you is big for most.

t. 15k share pooh lagoon here. 10% of my PF. Have no doubt it will moon.

>>50906481
I KEEP TRYING TO TELL YOU PEOPLE
>>50906481
>next 4 quarters for disinflation / recession. I'm a dollar bull right now which means commodities go down along with tech / growth stocks

>>50911378
When is the meeting?

>>50917246
dinosaurjuicesisters...

>Andy
rekt
>Rick Rule
sold
>mannarino
schizo
>schiff
vindicated
>cmmg
btfo

>>50917913
>>50917246
Yeah looking at the yield curve being so sharply negative I don't think there's any question where we'll be going in the next year or two. We are already in a recession. Oil usually gets whacked during recessions. I'm interested in getting some gold to avoid a currency devaluation in the future but for now I'm just sitting on dollars for the most part, holding a few stocks but I'm also in yhe green this year so I can sell for tax loss later in the year.

>>50911835
Bump?

>>50918259
What do you mean comes about?

>>50917987
>Yeah looking at the yield curve being so sharply negative I don't think there's any question where we'll be going in the next year or two. We are already in a recession. Oil usually gets whacked during recessions. I'm interested in getting some gold to avoid a currency devaluation in the future but for now I'm just sitting on dollars for the most part, holding a few stocks but I'm also in yhe green this year so I can sell for tax loss later in the year.

wow someone in here who's not a macro retard. good on ya mate

aaaand there's the paper hands sell off for G-Silver that we get every time silver goes red. paper hands bitch ass shareholders

>>50911199
all 4 up today

>>50908848
>>50909234
>>50909381
adderall faggot absolutely humilated beyond belief

>>50849879
What antics? I'm in ODV but only for the tintic acquisition, not familiar with anything outside of that.

>>50919961
to be brutally honest, their "flagship" Bonanza Ledge project has gone through a LOT of issues. The local community nearby is fed up with their bullshit. I cant go into to much detail but the biggest issues were grade dilution, poor ground stability and poor management. No one had a clue what each department was doing, communication was non existent.

>>50920193
>>50919961
fuck forgot pic related.

>>50919961
i ll be back later this evening with a bit more, busy nugget picking today.

>>50915711
>Can oil make up its bloody mind already? I am up 20% right now
In what? A company? A stock-based ETF? a futures-based one?

>>50915788
Which elections? where? The mid terms here in burgerland? The Presidential ones? The one where they start throwing politicians out of windows in Holland and Germany?

God fucking damn, people, if you're going to vent on the Internet at least include some specifics. This is /biz/. We deal in results here.

>>50920230
Thanks Pan Man. I appreciate any insight.

Should I bake a new thread or is it dead in here?

>>50920761
i got it

Fresh
>>50920834