/biz/ - Business & Finance

>>54225423
Dubs determines gold price end of month.

Also newest hedgeless horseman copium is up.
https://youtu.be/NbpO8oPmM34

>>54225495
horsebros... this is our time

>>54225465
$1222.21

>>54225465
3.50

>>54225465
$2,300

>>54225465
1875

Should I be adding here or wait until after fomc? What are the probabilities we dump or moon?

>>54226918
nothings going to happen

https://twitter.com/GlobalProTrader/status/1637801172235960326
>Peak above 2000 complete. Pullback now under way to low 1900s imho.

>>54225465
2100$

Oh, noes, natty broes!
Welcome to the moran trade of 2023.

>>54227261
>says low 1900s
>currently dancing 1980 floor
>WHOA DUDE YOU WERE RIGHT
What.

>>54225465
2150

https://www.mining.com/peru-expects-74-mining-projects-to-become-operative-in-2023/

Peru has a lot of projects on the go! Now, will these actually get going with how their stability has been over the last few month?

>>54225465
$1950

Any SAND or OR chads here? NFG is also doing excellent

>>54225465
2300

Redwolf

>>54226918
I'm in a giant gdx posistion right now based on Gary and am out of oil based on Gary.

>>54227261
Lol David Brady sucks. Gary is better. Brady picks tops the whole way up and bottoms the whole way down. >>54229485
Such cool cute intelligent creatures and Chinese bastards want to gobble them up.

>>54225465
2085

>>54229905
https://twitter.com/garysavage1/status/1637913216503128067
based Gary

And santacruz down 21%

I'm waiting on that financial before I go back in.

>>54230327
Same, so they are out now finally?

>>54230327
>>54230566
Okay so I got home and saw no update yet.

If the Permian follows the Hubbert curve similar to Bakken and Eagleford, on some rough extrapolation, we get peak in 1.5-2 years, no? Only about 6 counties in West Texas are growing. Where is the next shale play?

Keith Bros. ?!!! Wut mean?

>>54231183
idk Powder River? Marcellus?
>>54231294
I've never liked First Majestic anyways. Maybe if they get closer to a fair valuation I'll look at them again

Good news for ETF investors: Filo got included in SILJ. That's a company that's surely going to succeed, you don't see many copper discoveries like that these days

>>54225465
.05 BTC

>>54231294
another mine where corporate pushes for more through put from UG, but doesnt think about dilution or underplanning for new stopes?

>>54231453

>>54229485
I sold my NFG stock for a measly 5% profit. Oh well

>>54225465
350zł/g
please, I need this

>>54231854
Profit is profit. I'm still holding though. This rally has legs.

>>54232132
Good luck and enjoy your gains hold chad

>>54231039
Not out yet.

>>54232217
I cannot enjoy any gains before I sell, so I'm not counting my chickens yet

https://www.mining.com/web/jpmorgan-owned-the-lme-nickel-that-was-actually-bags-of-stones/

huh thats a fun turn of events!

>>54232000 (checked)

Are explorers safe to continue to hold, or should I be in producers only.

>>54234750
that depends on how things go in the near term. If the markets crash hard and funding goes with it, explorers will get hurt, producers will take a hit in that situation as well. If we keep seeing gold / silver climb and things keep getting nutty while money is available than explorers will do VERY well this year!

>>54235455
I-is that Red?

>>54235503
I am not sure, but wouldnt that be hilarious! Thats from Hydracore's page too.

https://www.mining.com/web/teslas-vision-of-evs-without-rare-earths-will-spur-magnet-race/

>>54235455
Royalties should still do very well, yes? I imagine they lease the land and probably get a percentage of the yield

>>54236592
yes they should but only if the projects they invest dont go under. If a bunch of projects a royalty corp put money into fail, than their shit out of luck.

>>54236690
>bunch of projects a royalty corp put money into fail, than their shit out of luck.
Damn I guess I didn't think of that at all
That sucks because northern projects will be ready to fire up soon and could get funding rugged as soon as the lads hot the decks
>We're gonna be out of the butt and into the fuck, if we don't come up with that $36

>>54236816
thats what i am honestly worried a bit about as well. A lot of up and coming projects or near term producers could get hammered by an economic failure, money dries up and the investors that backed them get demolished, in turn no new investment money comes around to fund projects for 5 - 10 years.

>>54236922
In my schizo opinion this will pass over after they use their small hat media magic and then we'll get a cyber attack to keep the velocity down, like covid after the repo market collapsed in Sept 19. They'll need to curate the flow of money somehow so exporting those dollars via warfare is probably still on the table since it's the tried and true method since the first money was laid out with rollers in ancient china
The more things change...
I hate this fucking planet so fucking much bro I'm going to come back as an asteroid and destroy this place before we can export faggotry to other solar systems

>>54236922
Not sure about investors, but in 08 when credit disappeared it showed back up just a couple years later. Of course in those couple years most small businesses went bankrupt.

The recent covid crash they avoided that because Trump promptly handed out trillions in loans that were basically just grants to small biz. A shitload of them still went under, but not nearly as many as in 08-11 I don't think.

every time that happens the US gets closer to socialism, but I can't really complain because the 08 crash was brutal for everyone including miners.

>>54237641
For reference, I think a small business in mining in the US is currently anything under $21 million per year in revenue and fewer than 100 employees. Meaning a lot of the junior miners discussed here are small businesses by US standards. Those juniors are particularly vulnerable to recessions and tightening credit. A good market crash will wipe a lot of them out. Time will tell, but bank failures spreading is a dark shadow atm.

>>54237741
i am honestly expecting a lot of the tiny juniors to get killed off shortly, simply because most investment is focused on established, popular projects. Little guys still working on their big hit will loose out to projects that already have an established history of success. It sucks but thats how the market works.

>>54237870
Yeah it does suck.
Just based on what you've posted over the years and what I've seen on the websites of miners there, I get the feeling your area is an incredible gem that's going to blow up sooner or later. You guys are sitting on ground that makes me drool and I've seen a lot of good ore over the years. I get the feeling the weather and remote locations are all that's really holding you back on a lot of projects. That won't last, that place is going to boom up big one day.

>>54237870
I'm heading to bed but I brought an interesting rock for show and tell. Found this last week on an old mine.
It's the usual ore from my area. Small crystal galena. They said the smaller the crystals, the more silver it had. Some of this stuff ran over 20,000 toz/ton silver, though most of it is about half that. It's not our richest silver ore, that was almost pure silver. But this is the crap that filled the mills and kept the town in business. I picked up a few pounds laying on the ground. Presumably several hundred dollars worth of silver though I'd have to smelt it to know for sure. They left piles of this stuff on some of the dumps when the mines closed down. This is the reason they're building a new mill here. Millions of dollars worth of silver just littering the hillsides and gulches. It's worth building a mill just to process what's laying around.

>>54238131
The smelters here in town used to just toss this stuff into the furnace by the ton because it melts at low temperatures into almost pure silver/lead.

We used to also sell it to smelters all over the world for use as a flux for acidic refractory ores. It turns to liquid and drips through the furnace charge alloying and dissolving other metals as it percolated down. Fabulously rich rock, it made a few fortunes back in the day.

>>54238131
Sexy

>>54238401
Tempting.

The stuff runs almost half silver on average, and there's tons of it sitting around. One person with a pickup truck could pretty easily make a million dollars in a couple days just rolling rocks into the back of their truck.

But smelting and refining a literal ton of stolen silver isn't an easy task. The lead and arsenic in that rock is easily enough to kill a small village.

>>54234750
Explorers are a long term hold and it depends on which ones?

Proven deposits? Long term hold. Good jurisdiction and management? Leveraged play on silver.

Unproven but discovering deposit? Risk speculation. .

>>54235503
I'll dig through my old geology pics. It might be

>>54237870
That's where assholes like silver one. Impact, and kootenay (not totally assholes but diluting assholes) will shine. This is the moment they've been waiting for. They are already highly adept at sitting on their ass and doing nothing. They're just waiting for prices to go up.

>>54238131
Is that from a certain mountain state where weed is legal or the northern country bordering muttland?

Oh and by the way of gold has another overbought green day tomorrow it wil become embedded and we can see a break out of the all time highs.

>>54238440
Uh. I have a pickup truck
Got invited to go bison hunting in Wyoming next week so I'll be not too too far from you. I wanna do an elk hunt over north of Gunnison next season. You meet me at that mine and we'll load that shit the fuck out

>>54238480
that's from one of the Iron Silver Mining Company mines just outside Leadville, CO

I believe it's the A.Y./Minnie Mines. I posted a pic of the headframe last week.

>>54238530
Oh I have trucks. I'm just not sure what to do with 6 tons of highgraded silver ore.

>>54238563
Crush it, smelt it, titrate, fuck idk, roll around in it, rub my balls on each and every rock on every surface. I have a bobcat and a 16' dumper trailer top. It's like a million bucks in diesel to drag that shit over to Leadville from susanville tho
But man that would be fun

>>54238587
I was thinking we bag it up and sell it to bayhorse so they have some real silver ore sitting by their fence waiting to be stolen

>>54238608
Jej

>>54238491
https://twitter.com/sich8/status/1637816386318680065

Very good thread on Gold TA

>>54236922
>>54236816
>>54236690
Royalty companies would still be much safer to hold than most other mining companies if liquidity dries up. These are well diversified companies often with many lowest cost quartile mines in either production or development in their royalty portfolio. Those kinds of projects get financed more readily even if money is tight. Of course everything would suffer in a liquidity crisis that goes without saying. But then again the lowest risk royalty co's (Franco Nevada and WPM) are not only totally debt free but also well endowed with cash, so they could even use a liquidity crisis to their advantage by financing project development for even more royalty share

>>54238608
Hahhahaah kek

>>54238669
Yeah he pretty much nailed it

>3x Gold ETFs while Silver lags
>3x Silver ETFs while miners lag
>Miners for crazy finale
who else rotationmaxxing here?

>>54238131
>>54238258
These little hyper highgrade deposits are going to get remined someday, thats like my argentite prospect, nearly all silver and a bunch of mixed metals that pay the bills for mining! Out here the only reason these veins and ore piles werent worked is their elevation, they usually were too snowed in to bother with. Low temp melting ore is even better!

>>54238873
were probably going to see a few more new Royalty companies pop up too if / when profits from new mines coming online roles in. I agree that their a safe hold.

https://newfoundgold.ca/news/new-found-extends-high-grade-at-keats-west-to-305m-down-dip-with-10-1-g-t-au-over-22-5m-hits-80m-wide-gold-domain/

>>54239966
That's an interesting thought. Might happen yeah. Although if any good ones pop up they might be eaten up by bigger royalty companies shortly afterwards. Just in the past year two fairly big royalty companies were acquired: Maverix Metals was taken over by Triple Flag; and Nomad Royalty by Sandstorm Gold. Furthermore the current royalty players are hard at work trying to generate new royalties and streams independently as well. There are a few small ones already out there like Empress Royalty and Electric Royalties too

>>54238440
Pic related is I think 60% silver galena from one of my haunts up near Barkerville, some of its higher, some a bit lower, but the reason its sitting where it is, its zinc count made it not worth shipping back in the day. There are great gold grades in this stuff, but back 100 years ago, the zinc made it unworkable for mills.

>>54240004
>>54239966
also Royal Gold bought Great Bear Royalties almost immediately after that came to existence.

>>54240004
I ll be back in the morning but i am trying to remember the royalty firm that was involved in Treaty Creek with Tudor and Teuton Resources a year ago. I cant find them now, not sure if their still involved.

I was just eyeing some of the higher quality developers again and I noticed the Skeena seems to be on sale. I said recently that I'm not too keen on development projects right now but I might be inclined to put a thousand or two CAD into Skeena and just let it sit until they start producing in 2026/2027. There is a risk they won't get their permits on time or that they will be denied, but the project is so high quality that the risk may be worth taking at these prices. They will likely have to raise capital sometime this year too though. If I was Rick Rule I would probably be salivating at the thought of a private placement in the next six months, but alas I'm not a high net worth individual

>>54240198
Have they said anything about a buy out recently? Skeena's Eskay Creek is incredible, but they had that issue last year with the tailings dump getting lost in a court battle to an overstaker. They have a lot of support from the local first nations, their open pit plan is pretty solid, the only real issue i can recall was the mercury counts in their ore are rather high compared to a lot of other regional mines, and the gov wanted more planning on that front.
Eskay operating again in my lifetime is a thrill, mines like that shouldnt be dormant.

>>54240235
nothing said about a takeover yet to my knowledge. I would think the majors first want all the regulatory hurdles and engineering out of the way before seriously considering bidding. Regulation is the one risk that can make or break the project, other than that it's free money

>>54231294
>Wut mean?
It means that Eric stiffed Keith.
The cult of Keith will continue to destroy shareholder value.

>>54239858
I'm waiting for salt to pump then I will rotate.
I have a lot Lion one locked and loaded if we pump here though

Bags of rocks for JP Morgan. I wonder how much they will need to borrow to cover silver.

>>54232000
>350zł/g

What's the price now in this mystery currency?

>>54239969
Seems like NFG hits near-surface 200+ g-m holes every week. It will be interesting to see who ends up with more gold and who gets bought out for more, them or Snowline.

What are you buying today or tomorrow?

Trump made a big stink about being arrested today (lol) and FOMC tomorrow.

>>54225548
HORSECOCK BROS STILL POSTING SHITTING HAT SEWER MAN SELLER STOCK IT'S FUCKING OVER NICE FUCKING BAGS YOU'RE HOLDING

>>54240483
>54 metric tons of nickel
>worth $1.3 million at current prices
Lol. Lmao even

>>54240702
BUY: GLD Mar 31 '23 172 PUT
SELL: LIT Jan 10 '24 55 CALL
SELL: EUR.CAD @ 1.473 (filled)

Oil is green?
Is this real?

>>54231294
Great, down 20% this morning. Looks like I'm bagholding until probably $26 silver, no countryside for me.

AG tanked! Thank goodness I sold my 3/24 calls yesterday in profit dodged a bullet there

Sandstorm

I’m a First Majestic baggie. How could this happen to me?

Natgas sisters.

>>54242218
>I sold my 3/24 calls yesterday in profit dodged a bullet there
that was lucky

>>54242218
Sandstorm what?

>>54243625
Sandstorm Ligma

>>54244261

So First Majestic spends a lot of money buying a mine, loses a lot of money running it for a while and then shuts it down. Amazing. The huge drop in SP today is probably more loss of confidence in leadership than the mine shutting down because it was such high cost that you kinda had to expect it happening.

>>54245847
>>54242218
https://twitter.com/DonDurrett/status/1630342750221774848?s=20
You can only laugh

Maybe Elon could buy AG for cheap now

>>54245847
it keeps happening with these companies, they buy the property, than go full bore with it trying to get 2000-3000tpd out of it and than wonder why they have stoppages or issues with stope planning, cave ins, crew failures etc. I wonder who their UG contractor is?

BOIL reverse split when

Kek

>>54245847
Honestly shareholders should have expected as much. It's a very poorly run company.

>>54245847
>>54246539
Speaking of poorly run, they restarted their share buyback program at the same time as they announced the mine suspension. They're just throwing money away

Worth buying the AG dip or better to wait for changes to the company?
Also why so dead, are people capitulating again after being so euphoric the last week?

>>54241707
Seasonality going into summer, back to 80 by June/July and then the dumping can commence yet again

>>54246369
It's low grade and refractory, I don't think it was mgmt this time. You almost have to wonder if this was some scheme by Keith and Sprott where Keith got a couple gold bars to hugely over pay for this shitty mine. They paid US$430M for a money losing <100koz/y mine. I mean they may be incompetent, but that just seems crazy.
>>54246669
As if they have the capacity to buy back shares kek, what a scam. They are raising money every year to pay for their losses and tiny dividend.
>>54246816
Not worth.

>>54247148
LOL they still pay a dividend too? What a joke of a company hahaha

>>54247148
>As if they have the capacity to buy back shares
Fucking this. Tell tale sign of purest distilled highest concentrate fuckery imaginable. Either shoe on head retardation or small hat hand rubbing perfected
Hard to say senpai since Keith is three knuckles deep in that games asshole. Like the other shysters I have grown to hate them with a burning passion

>>54247148
>>54247348
Imagine, they could have bought out another midtier miner with established operations and they would have been so much better off.

Has anyone looked into Garibaldi resources on nickel mountain? Not far from PM I think.
Asking for a friend

Would you say it's time to sell First Majestic (ticker: AG) in mass panic?

>>54247925
I would say it would because I wouldn't put that company into my portfolio in the first place

>>54247988
What are some of your holds for the rest of 2023?

I'm selling everything I'm not in the red on except my frac sand. Tomorrow and the rest of the week will be bloody and the time to buy will be next week I think so a good time to buy back in.
Convince me to do otherwise fellas

>>54248074
I would prefer not to blindly hold anything for the time being but if you held a gun to my head and told me to pick long term holds for multiple years, I would say
>Franco Nevada
>WPM
>Sandstorm Gold
>Osisko Gold Royalty
>Royal Gold
>Agnico Eagle
>Skeena
>Artemis
>NFG
>Maybe: Orezone; Eldorado; Eskay; Goliath

But for now I'm mostly in cash and waiting for a better entry point. I have time. Things can get very rocky for the next few months. I would advise (You) to do the same but w/e

>>54248133
Why sell in a bull market? Jerome will save the market and we will all pump.

>>54248321
It's a bounce so I'll buy back in on the dip. I've been crazy wrong on this pivot but it has to fucking happen unless it doesn't. I was I could tie jpow to a tree and cover him with warm honey and chicken guts so I film him being eaten by a bear while I jerky off watching from a tree stand

>>54248201
opinion on Rio Tinto?

>>54248819
>goy id
Oof. Just send it to Israel m8

>>54245847
>the mine shutting down because it was such high cost
its the same for most of these mining companies. mines are expensive and hard to turn a profit. thats why i prefer explorers, because they're just finding the gold / silver - they dont have to actually run the mine

>>54247864
Ahh yea i ve brought them up a few times, Nickel Mountain is a remote property (even for the Golden Triangle) that has serious potential for a nickel mine, but its too far away from infrastructure and too high on the mountain to be really workable at the moment. Around the base of the mountain, and off to the Northwest on the property are a number of high grade gold silver targets that are in Epithermal quartz, which are far more tasty targets for Garibaldi right now. I ll see if there is any news on their Nickel Mountain project, they have been drilling holes in that mountain peak for years.

Be careful with that project, Nickel Mountain's bankrupted a few companies over the years.

>>54249065
Vast majority of gold miners are profitable right now though.

>>54249194
>Bankrupted
Noted. Thanks desu
I've been looking at the explorers and small cap producers since you mentioned the likelihood of the liquidity becoming an issue. If it's not western Canada or us I'm not touching it tho. Nickel is poised to make another run if the punches don't stop coming in that market. Seems like nickel has so much shit on it you can't even see the fan anymore

>>54249262
and it doesnt matter for the stock price. GDX and GDXJ are both trading significantly lower than they were a year ago and the gold price is about the same

most gold / silver producing stocks suck ass. you make gains on exploration co's because of the speculative fever that comes with them

>>54248819
Same anon here. I was mostly just focusing on gold companies in the preceding post.

I have yet to do a deeper dive on RIO but general impression is that they should be a fantastic long term hold. One of the go-to iron and copper companies; lots of growth to come from projects in the pipeline. Oyu Tolgoi seems to be developing at a quick pace now that RIO and Mongolia are in agreement again. Resolution Copper is just a matter of time, could take a few years though.

wtf first majestic was suppose to be a safe produce after losing all my money gambling on juniors

>>54249774
the issue at Nickel Mountain is its location, its just in the utter middle of nowhere. They need a road or at minimum an air strip to make that property viable.

>>54249947
There is nothing safe about gold miners, let alone silver miners.

>>54249882
Thanks anon. I've been eyeing RIO for a while. Hoping for it to drop below 60 for my entry point, but not sure if that's gonna happen anytime soon.

>>54247925
I’m gonnnna copppppppe!

>>54248417
>cover him with warm honey and chicken guts so I film him being eaten by a bear while I jerky off watching from a tree stand
That's an interesting fantasy you have there m8. Mind telling us more? Where does this vivid imagination of yours come from? Don't think of me as your psychologist, but instead as your friend :)

>>54249783
You are forgetting inflation. Real price of gold has been going down since 2020 highs due to very significant inflation. Back then profit margins were a lot higher than they are today. I agree though that silver miners suck ass, they are overvalued.
>>54249947
>Money losing company
>Safe
You may only pick one.

>>54250205
I have a mighty desire to eradicate the )))banking((( menace

>>54240506
roughly 2500 US dollarinhos per oz

>>54250293
Hmmm, interesting. And is this banking menace here in the room with us right now? And why would you want to eradicate the banks that are so vital for our survival as a species? I believe most people see banks as a necessary evil. Tell us everything, my son

>>54250251
>I agree though that silver miners suck ass, they are overvalued.
They're slowly getting closer to fairer valuations I think. But that's only because they keep losing money kek. Royalty companies, majors and some of the better gold juniors/midcaps are in a decent place valuation wise though. Maybe I'll even buy some silver-focused company in a few months if the markets take a massive enough dump. Although at that point I'll probably be much more interested in discount sale majors. Really hoping to see Ivanhoe drop so I can buy a boatload and hold for a decade lol

To the mining boys, take a look at florachain

>>54250138
so First Majestic bought a mine that ended up being ~half of their costs but only added +20% to revenue?

seems like a terrible idea

>>54250482
Sure the further they fall the closer they get to a fair valuation. But most are still far off I think. Many silver miners just lose money consistently and if profitable it's slim. Clearly it is that way because investors think silver is going to $100. I am bullish on silver as it can't really go lower due to production cost, but I don't think it's going that high and even if it does I think it will be for a short while.
Gold majors are valued pretty highly imo, although I still think most will be a good investment as I'm bullish gold. But take Agnico Eagle, I would love to buy some, but it's trading a P/E of 30 right now. That's crazy for a miner that depletes its reserves every year. Miners should generally trade at lower P/Es than say Coca Cola that doesn't deplete anything, they will just keep making money. Their brand may even get more valuable over time. But Coca Cola is trading at 27.5 P/E.

>>54250033
Missed this post
Yeah logistics and jurisdiction is as important for me as financial factors.
This is why I love nickel creek platinum as it's in a dryer well paved area near the port. And it's surrounded by other active mines so they have access to resources down the road like everyone else. Shit I might just go full retard on them depending on what the fed does and how the market reacts to it
These really are uncharted waters
>>54250448
>necessary
>evil
Choose one otherwise I'll assume that destroying them is also a necessary evil. Either of these is correct

>>54249947

Just go all into Agnico Eagle and call it a day on PMs.
Only real way to make it with miners aside from hitting it big with a damn lottery ticket is to play the bigger guys.

>>54250802
Good points. I've purposefully avoided silver miners for the exact reason that they are already pricing in lofty silver prices. I agree that those companies still have much more room to the downside. Big expectations are baked into those share prices. As for gold companies, perhaps I have been more focused on royalty companies because those seem valued pretty nicely to me. They don't have the same high capital expenditures as miners so 30x P/E is fine. Franco Nevada gets a bit of a premium because it's so well diversified and low risk in the long term. But then you have Sandstorm which is trading at about 16-17x P/E probably because market didn't like their recent dilutions (however: while they diluted by about 55% Y/Y, their earnings went up by 95% Y/Y and they added a lot of good growth and income to their portfolio). But even with the majors: B2Gold, Newcrest, Yamana, Gold Fields, Zijin and First Quantum are all trading either just above 20x or closer to 15x P/E at the moment.

Some of the junior or midtier producers are trading near or below 10x: Jaguar, SSR Mining, Calibre, Sibanye-Stillwater. On the developer/explorer side, the higher quality companies are trading at a third or a half lower than what they were two years ago.

Still, I do agree with you that there definitely is room to the downside as well. But with P/E we should be careful as they indicate past earnings, which have been on the lower side last year when gold slumped a bit, making lower lows than in 2021. Coca-cola's bottom line doesn't swing violently in response to commodity prices.

Chances and repercussion rates continue to increase/lower/remain unchanged?

>>54251584
>chances
Last I checked market consensus was 75% 25bp; 25% pause.
>repercussion
buckle up buddy

>>54251630
>>54251630
>Buckle up
Nervousdog.jpg
Fireworks tomorrow?

>>54251769
could be. I'm more concerned over the next six months in general. If I'm right there will be blood in the markets.

>>54251883
Well shit
It takes three days to clear deposits for muh broker to clear. FML

>Be jewish banking cartel
>Spend a century gradually looting the wealth of western whites via your debt-based monetary system.
>Reach full debt saturation point where every nation, corporation, and household is leveraged to the absolute tits and therefore the system can no longer grow
>Invent fake disease to shut down supply chain
>Hand out thousands of dollars to every nigger the land over
>Oh no goyim, the inflation is too high!
>Raise interest rates ON THE MOST INDEBTED ECONOMY IN HISTORY, AT THE FASTEST PACE IN HISTORY.
(You are here)
>Japan, Europe, then other western countries cannot deal with the insane interest-rate-hike pipe bomb that has been dropped into the plumbing of their enormously debt-burdened economies.
>2023 sees global financial crisis worse than 2007 to 2009; huge layoffs, markets tanking, everything going to shit.
>Buy up all the broke goyim’s assets for pennies on the dollar.
>Offer them stimmies for signing up to the central bank digital currency.
>Rule over a world of enslaved half-breed retards by monitoring every transaction that takes place across the world.
>Micro-nova of the sun, mass extinction event, small enclaves of humans left to re-build from scratch
>Start the whole gay process over

>>54251563
Wheaton has a P/E of 32 and Franco 40. That seems high to me because what are the mine lives of their streams and royalties? if you pay 30x earnings for 20 years of earnings, that is a pretty bad deal. I haven't really looked much into these companies, there may be some growth priced in but still I have a hard time seeing how a stock like that is going to give you a great return. Also if gold price will do well it will be harder for these companies to do deals as miners will be flushed with cash.
Don't know about Sandstorm, but I assume their royalties have shorter life span too.
Yeah there are other gold miners that are way cheaper than Agnico, but many of those also have shorter mine lives. B2Gold seems to have competent mgmt, but price isn't exactly cheap with their short mine lives. They seem to be confident that they can expand reserves massively in Mali as they are talking about mill expansions even though their current mine life is actually pretty low. But I dno.
I also think earnings are going higher as I'm bullish gold. But I feel like I should be able to buy the companies priced for current gold price.

>>54252244
>Wheaton has a P/E of 32 and Franco 40. That seems high to me because what are the mine lives of their streams and royalties?
Varying. Some are long life assets, some aren't. But any decrease in royalty revenue is displaced by new mines coming online. Both companies have a steady growth pipeline as well as a history of steady revenue growth
>Also if gold price will do well it will be harder for these companies to do deals as miners will be flushed with cash.
They will benefit from increased revenues via their current royalties, and a higher gold price would incentivize mine expansions and new mines being developed. Franco Nevada has I think over 400 royalties and streams, most of which are exploration and development projects. Many of these royalty deals have been made during cyclical sector lows. New royalty acquisitions also keep being made even when the sector is booming, because developers are happy to trade away a royalty or a stream for a couple dozen million bucks of non-dilutative financing. Both WPM and FNV by the way have boatloads of cash and zero debt as well. I'd say royalty companies are fairly valued at 30x P/E for the aforementioned reasons.
>Don't know about Sandstorm, but I assume their royalties have shorter life span too.
I have to do more DD but they have over 200 royalties IIRC. And they have surprisingly many tier 1 assets in their portfolio thanks to recent acquisitions. Again, of course many of their royalties are short life assets but that's the beauty of royalty companies: new mines will come online to replace them. Sandstorm and Osisko Gold Royalties have impressive growth lining up in the next five years, and for no added cost. Remember: royalty companies' operating profit is their NET profit! I cannot recommend looking into royalty companies enough!
>But I feel like I should be able to buy the companies priced for current gold price.
I would love that too. Maybe a liquidity crisis this year could provide us that opportunity

>>54251563
Argonaut Gold is all you need. They'll be producing from their flagship mine soon. Basically the Bayhorse of gold miners. Going to make millionaires.

>>54225423
XRP won. Commodities lost.

>>54252708
I'm not excited about investing in a company that keeps tripping over itself to exceed cost guidance

>>54252708
>Basically the Bayhorse of gold miners
So avoid at all costs?

>>54231453
>>54252728
How often do you stop by other threads to nigger it all up /cmmg/?
Their fear is palpable

>>54252773
No, just wait 2 more weeks :^)

>>54252751
Two months from now and you'll be looking like a clown. The rest of us Argochads will be drowning in high quality gold produced at some of the lowest costs in NA.

>>54252876
Will they dare I say 100x thanks to not selling any metal because their CEO is so hecking based?

>>54225465
2050

>>54229485
NFG is king

>>54252933
ding ding ding we have a winner

>>54252876
Sounds lovely, I must say.
Send pics of his hat and I'll consider it

>>54252662
>Remember: royalty companies' operating profit is their NET profit!
Correction, their gross is their net (bf taxes). Because after gross profits they only really have SG&A and interest payments before earnings bf taxes.

Since we're talking about Bayhorse, I noticed this property earlier today while checking out some other projects. What goes on here and why is G hiding this from us? Could this be another monster silver deposit or did G just buy all of us a nice cozy retirement location after Brandywine hits it big?

>>54253283
Looking at their news releases, it's yet another multimillion ounce companymaker. They probably got it after the state told them to stop whatever they were doing at the silver mine

>>54253283
;)

>>54253649
LOL is the Payette facility gone? I mean not that I expect anything from this joke of a company but still, that's hilarious

>>54253649
i drive right by this every week

>>54253283
wtf i thought they never completed that agreement? Thats the Harrison gold property, a nuggety small gold mine they tried to do a deal on a few years back.
>>54253649
HA thats funny. Did they really just up and abandon their mill? What a joke.

>>54253717
Idk mate this is the results from the OnX hunting app. I use it for prospecting as well as hunting and fishing. But it could be used for other, uh, purposes I suppose >>54253851
Post that silly looking ass bike of yours

>>54253994
ive never posted my bike here but heres one of my cars

Cheers /cmmg/.
3/22/23
32223
If I don't see you boys in the green I'll see you hell
>>54254290
>No bread on hood
[X]

>>54254290
Mate make some room for others too you're taking up both lanes

>>54253717
Peyette

>>54239947
>>54240010
That's incredible stuff, Pan Man!
This is why I think your area is due to boom again. Freakin rocks like that just sitting around waiting to be scooped up.

>>54254637
>welp we fucked up getting permits in Idaho and Oregon.
>Let's pack it up and try Washington next!
>Should we take the backs of high grade muck....I mean concentrates?
>nah, leave em for the next guy

>>54254833
Its absolutely bonkers how retarded youd have to be to actually fall for this. And its even crazier that somehow this general turned out way comfier and less gay than /pmg/. My theory is once all the baggies finally gave it up they went crawling back there to shit the place up. I cant even post in there since the crybabies spam the report button like no tomorrow

>>54254637
>>54254833
Bahhahahhaah they just left the bags there?!
>>54254912
/pmg/ was always a schizo cultist hugbox, not surprising that the baghorse hodlers were the very same people. It's where it all started after all I suppose. Those who don't learn and adapt become bitter rock collectors

>people still mention Bayhorse in this general
Anything interesting happen with that company in the past year? I stopped checking up on the baggies on CEO because it got too depressing.

>>54255011
Fuck lainchan

>>54255002
Well idk how old these photos are since they're from an app so idk where they get them. I could use the coordinates and the company google since they pay to getore.recent updates. But idk if I want them knowing what I've been looking at on the company account either

>>54254912
I get it because I'm a treasure hunter and everyone else here is too. You got the desire to suddenly get fabulously wealthy without a lot of work. The idea that you've figured out a secret to getting rich that other people are too dumb or deluded or busy to see. Pretty normal desires and thoughts. Unfortunately people like us get scammed a lot. Usually by other people just like us. It's very hard to scam someone that isn't greedy and doesn't want to game the system.
To be fair it isn't always a scam, some people probably got unironically wealthy off BHS just like some people get rich off the lottery or by hunting lost gold mines. It happens sometimes or we wouldn't keep trying.

>>54255011
Just endless company lifestyle and perpetual dumpening. Baggies at ceo are either forever coping delusionally or finally coming to terms with reality. This general also got a lot slower and frankly better after the horsebaggies capitulated and left

>>54255061
True sometimes these satellite images can be pretty outdated. Maybe it's just an old image. But it sure would be funny if they just packed up and left the bags behind. That would be pretty metaphorical of how the bagholders got left behind by the CEO

>>54255081
>>54255177
Mfw

>>54255030
I didn't know this pic was from Lainchan, but that makes sense since it's a Lain pic

>>54255093
>This general also got a lot slower and frankly better after the horsebaggies capitulated and left
I can see that since I was one of them

>>54254809
its the stuff thats just sitting in ditches next to logging roads that would blow your mind. This sample, i just busted up out of a bucket i forgot about from last summer, has free mill gold in it. At least 1Ozpt due to visible free mill gold, and its open territory to stake. The source was at least 4m wide of quartz stockwork, out in the open. Its nuts.

>>54255002
i have a pretty big stack and used to post in /pmg/ a lot but the past year its full of absolute psychos that call you a shill and report you for posting gold coins or any metal besides silver. Ive gotten more warnings and bans from /pmg/ than all other threads and boards combined

>>54255256
Further proof that the site needs a geology board. Just that would give a refuge for black sheep that are similarly outcast from the rest of the boards containment threads. /Out/ /biz/ /diy/ /pol/ /g/ fucking /o/ I mean God damn a geology board is long overdue

>>54255256
utter insanity. /pmg/ was always full of loonies who jump at shadows and calling any wrongthinkers shills or intelligence agency goons, but mass reporting gold stacking just screams of desperation and delusion or perhaps insecurity over their own inferiority (after all gold has a tendency of causing jealousy in poors)

>>54255251
That's fucking delicious

>>54255324
well to be fair i was shitposting about tellurium not gold that time kek. I dont even know where my Te stack is anymore, I have a couple dozen ammo cans under piles of shit in my basement and its in one of them

>>54255251
OH YEAH!
we got stuff like that that was left behind, but none of it's unclaimed. Every bit of it's known and owned.

You posted a vid once of a huge vein crossing a dirt road, that was just crazy to me. No way that would've escaped being mined here. Even if it's mostly lead and iron, someone would've mined it.

>>54255370
it gets better, the above pic related sample, the logging road builders blasted out a chunk of this outcrop, dumped it off the bank and no one, not even the two nearby mining exploration companies ever bothered to investigate it. I may have to stake this just out of pure spite so they realize something was there, if the assays come back good that is. Loads of these little incredible outcrops show up, but often its just sparkle without anything to show for it.
Its all buried under 20m of snow right now, but should be accessible in 2 weeks, that area gets loads of sun.

>>54255002
>they just left the bags there?!
I really should be seething instead of laughing right now

>>54255429
if youre serious do a class action against that fat scamming loser. There were tons of blatant falsehoods in the reports they were sending out, if he hasnt blown through all the money on underage hookers yet you can claw some of it back

>>54255423
>Mfw when PM has one of the most profitable mines ever because retards were too occupied too do a little mopping up

>>54255429
Comedy > tragedy

>>54255468
nah probably not worth mining, but never know, its territory no one seems to bother looking at because no one ever placer mined the creek.

>>54253994
>Idk mate this is the results from the OnX hunting app

Old images anons.

>How accurate Is the onX Hunt App and how often is the information updated?

>How often are Private Lands updated?

>We update Private Lands every one to two years and rely on the counties and local data sources to keep their information up-to-date and accurate. It takes a great deal of time and effort to gather the data, format it for use in our maps, double-check everything and finally release the update, so we appreciate your patience.

>How often is the satellite imagery updated?

>Satellite imagery is 4 years old on average, and is included to give you a general idea of the terrain and is not meant to reflect current conditions on the ground.

>>54255515
that explains it, their shed and equipment wasnt installed on the property until fairly recently.

>>54255532
I forgot to post link to the OnX hunting app in other post.

https://onxmapssupport.zendesk.com/hc/en-us/articles/115006042608-How-accurate-Is-the-onX-Hunt-App-and-how-often-is-the-information-updated-

The horse will gallop frens!

>>54255423
reminds me of the summitville boulder. Freaking enormous gold rock sitting by the road that nobody ever really looked at.

good stuff

>>54255515
Yeah I've used it many times so I can tell when there's a building that's not on the image and remember before it was there or what was there before it sometimes. Forest fires and all.
I looked all over the app I guess I need to see if there's a tutorial on YouTube.
Maybe I could retrieve that s&w after the snow clears

>>54255515
yep, makes sense. I just laughed when I saw the pic and it looked like abandoned bags.

to be honest, the pic of the bags stacked up by a chainlink fence was just as bad. Like if they were worth anything, that's a terrible place to leave them. Imagine a couple million in silver ore sitting right by the road with nothing to protect them but some chain link.

>>54255515
oh well it was funny while it lasted. Hey for all we know it might still look like that there today! Probably not but wouldn't it be hilarious if that were the case?

>>54255579
it happens more often than you think, professionals drive past the same out crop for months thinking "nah nothing in that rock / outcrop", then they get borred for a day and finally check it out, and boom its utterly bonanza material. A boulder composed of 1 metric tonne of galena was found that way down the 3100rd a little while back that way, no one has a clue where it came from, but it made the Osisko Geos loose their shit.

>>54255557
Oh hell yeah thats helpful
I owe you one

>>54255604
>yep, makes sense. I just laughed when I saw the pic and it looked like abandoned bags.

>>54255618
>oh well it was funny while it lasted.

I'm a horse baggie myself, and I agree...it was pretty funny. I'm glad anons bring these red flags to attention so we can investigate. Bayhorse sentiment is so low...we all at least considered it was possible GO could of up and left in the 'middle of the night'.

>>54255685
I hope you get yours back someday anon. I don't think you will but I hope so. Same goes for all the other bagholders. It's not nice to see people lose money

>>54255627
>https://www.geologyin.com/2018/02/the-largest-gold-nugget-ever-found-in.html?m=1#:~:text=The%20largest%20gold%20nugget%20ever%20found%20in%20Sierra%20County%2C%20known,the%20eighth%20level%20in%201869.
You'll love this story m8
Largest nugget ever found in California
>According to Carrol Hayes, whose family purchased the Sierra Buttes Mine in 1904, miners on their way to work at the mine saw a portion of the nugget on the trail after rain had washed away the dirt that had been covering it. They quickly began unearthing the rest of the nugget and couldn’t believe their eyes when they saw the “Monumental” chunk of gold
I bet those lazy motherfuckers didn't even show up to work that day

>>54255745
>I hope you get yours back someday anon. I don't think you will but I hope so. Same goes for all the other bagholders. It's not nice to see people lose money
I'm green above .07 cents anon. Considering adding a few more bags to the pain trade. Very easy to DCA down with the price this low.

The exemption was revoked due to property lines away from the main deposits. The resulting FUD was way overblown. The mine still has 6mil+ oz of silver.

>>54255796
reminds me of the Lost Golden Plate Ledge in Fairy County Washington, guys have been looking for where this slab came from for decades.
https://www.youtube.com/watch?v=nFeGyPJzf2o

Part of that chunk is still in the private collection at Trail Smelter, it gets checked out at least once a season.

>>54255833
Watching it just now while the pork is in the grill. Having miso soup for dinner shit is cheap and so tasty

Humbly requesting next bake include a thread theme that's relevant to our current position.
https://m.youtube.com/watch?v=MRJMMQnB9vU
Bluesmonke and Bob gonna love it

some more ore porn, sorry for the poor quality shots, one of my partners has been cutting and polishing samples to use a new XRF tool on. I ve posted this ore before, from a long forgotten pile next to a mine road in the Bulkley. Some of the samples were nearly solid metallic sulfides.

>>54256463
i need to teach this guy how to do photography.

Im no geologist but I have always had a rock boner and /cmmg/ is very good at satisfying it

>>54255833
Cool story, makes me want to go metal detecting..

I liked seeing the old hand steel he had there. I find those all the time because the miners would use them for corner markers on the lots in the old ghost towns. I have a few dozen sitting around, so I stopped taking them home when I find em.

Some anon did it
It's an ad over on /pol/

Based.

Is this profitable as a silver investment?


https://youtube.com/shorts/S3fWHJ7UesA?feature=share

Bump for Rocket Retard.

I've been doing some DD on the Osisko companies and damn so far they all look good. Osisko Gold Royalties has strong royalties and streams coming up; Osisko Metals is very cheaply valued considering they have a tier 1 zinc asset within two or three years of production; Osisko Development is developing Cariboo and Tintic with a view of getting into production for 2024 with 100koz/year and ramping up to 350-500koz/year as a midtier producer; O3 I haven't looked at yet but I sure have high expectations. So far I really like OR, OM and ODV. I already own some OR but I might be inclined to invest in OM given its valuation in relation to their Pine Point asset. OR also owns substantial royalties on all the other Osisko companies.

I've also done DD on Artemis and Skeena recently as you all might know and I like those two a lot. But today I also took a look at G Mining Ventures, which surprised me. It's a fresh junior that's heading to production next year with a very low cash cost (~$600/oz) gold project in Brazil. It's being built by people who have built large scale projects like Fruta del Norte. Eldorado and Franco Nevada own like 35% equity interest, and Osisko Gold Royalties also has a 0.75% royalty. It's an excellent project and I really like this company but maybe not the best timing to buy chart wise. It's up there with Artemis and Skeena in terms of quality although it is a smaller mine.

Thank fuck gold dumped again, I'm getting a large amount of money in 2 months I want to invest into gold stocks.

Predictions for Fomc, will the can be kicked or is today the first day of our real lives?

>>54261114
I bought GLD puts.

>>54260615
I will give a quick warning on Osisko Development, their Cariboo Gold Project is sitting on a massive pile of gold, but it may not yet be worth going after with current plans. When OD released their most recent development plan, a few different groups pointed out costs associated with each stage of development wouldnt pay for the next stage. They have the money to build stage one, but would need another massive injection of cash in 2-3 years to start up stage 2. I am also not sure if their plan to develop underground will work very well, due to stability issues and how water logged the ground below Jack of Clubs / Valley Zone is. The ore body geology is also going to be a bit tricky to actually mine at a steady grade, adding more of a headache.

Tintic is a better deal over all for Osisko, its ready to operate, it has incredible gold grades, and its in simple to work with ground.

Bumpu

>>54261114
When will JPow speak

>>54265098
2.30 EST

>Finally something not completely red.
Feels food senpai

I'm gonna start scooping up everything cheap that's in the Timmins area and sitting on nickel. One company even has frac sand in wisco which is pretty surprising

So what would the fed say that pumps us and what would make us fall? Would it be a rate hike that causes us to fall and either no change or recerse to cause us to pump?

>>54267106
If the fed suprises to the hawkish side everything dumps if they are dovish everything pumps.

>>54267237
I am tempted to gamble and buy now, anyone else itt? Maybe I shouldn't.

>>54267291
I've been pretty much all in for a while, not going to try to time this.

>>54267291
Already balls deep famalam

>>54267291
I'm selling everything that's green and getting ready to buy the dip
But I'm a degenerate gambler and a dyed in the wool schizo, so the worst of both worlds.
>>54267237
Mfw soft landing like Terry Tate the office linebacker

>>54267321
>>54267394
What is your #1? For me its 80-i

FED HIKES INTEREST RATE BY 25 BPS TO 5.00%
>FED HIKES INTEREST RATE BY 25 BPS TO 5.00%
FED HIKES INTEREST RATE BY 25 BPS TO 5.00%
>FED HIKES INTEREST RATE BY 25 BPS TO 5.00%
FED HIKES INTEREST RATE BY 25 BPS TO 5.00%
>FED HIKES INTEREST RATE BY 25 BPS TO 5.00%

>>54267746
When will gold moon?

We mooning now or nothingburger?

>>54267440
Canagold is my favorite, but I also very much like Scottie. I own them both.

>>54267946
Seems to have been a slightly dovish surprise, USD is down half a percent. Lets see what Powell says at the presser, that may also influence the market significantly.

>>54268030
Supposed to be one last hike this year. Is now the time before the pivot?

>>54268177
Yes I think its expected that this is the last one and we will see some cuts later this year. Fed also removed text about further tightening from their statement.

It clearly look like a pivot !

https://www.youtube.com/watch?v=Co3WU9xjQkM

It was no priced in, silver is mooning bloody basters. Deploy the juice and cool it down.

>>54267440
Same .

The thing with i-80 is its a lot of work to understand what's going on but once you get the picture ite clear they are in a superior posistion to succeed. They own their own mill. It's a current producer right next to a major highway. No debt. Cashed up with massive exploration potential
.

Abrasilver. Gogold. Santacruz (if their Financials come out good), kootenay. Irving (if they can get working again),

https://www.cnbc.com/quotes/10Y2YS
Yield curve rocketing skywards. My short end bonds should do well methinks. And gold of course

>>54269421
Are you me? Also did blue lagoon end up being another dead end? No one talks about it anymore.

Oh shid I was again
Fuck me

>>54269856
blue lagoon is still good, everything will go up when gold rally starts

not many talking about uranium anymore

>>54267968
how many cans of gold to make it, dane bro?

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1590-tsx-venture/cmd/137447-commander-intersects-50-m-of-0-24-cueq-in-hole-bu22-01-and-83-5-m-of-1-08-g-t-au-in-hole-bu22-02-in-inaugural-drill-program-at-burn-porphyry-copper-property-british-columbia.html

Anyone looked at Commander Resources yet? I ve been watching them for a while though twitter but never noticed actually where their working. Its interesting territory east of Smithers, 70km from the past producing Bell copper mines on Babine Lake. Burn is a totally new discovery which is different for the region, usually someone had a look at a porphyry back in the 60s or 70s.

>>54271028
It's an extremely small market and regulated heavily by governments. Also governments are the only significant buyers. They basically set the price by contract.

any price action is just speculation on how much the governments will need vs. how much the handful of miners will produce. And how many suckers you can draw into the market on hype.

so there's no real basis for significant price movement, and suckers get burnt out on losing money so the price is cyclical as dumb money comes in and then exits and you have to wait a few years for new dumb money to show up.

give it time, it'll spike again for no real reason other than investors milking other investors.

Our guy schiff is going live in 10 minutes. Get the fuck in here boys.

https://www.youtube.com/live/jozH1rAjBfU?feature=share

>>54271968
I don't know how anyone can stand listening to Peter for more than a few minutes.
The way he talks drives me insane.

>>54272057
There's something hypnotic about it. He almost sounds like an AI generated person.

>>54272057
>>54272145
He's learned to keep you hanging on every word even tho it's the same thing he always says

>>54271066
If gold price is strong I think we could see $1/share in 12 months when the FS is out, assuming it is positive which I certainly expect. If they then choose to build it themselves this play could turn out to be a long term growth story building these small 100koz projects backed by the team at Sunvalley. The CEO talks about rolling up other similar projects and developing them quickly like with their current one.
>>54271127
I have looked into them in the past. They have a royalty on the hammerdown project that is very valuable compared to their tiny mkt cap. But their other projects aren't very exciting so I haven't bothered as I dont like nano caps as G&A is so high compared to cap.

>>54269856
No I still have it. I'm just our currently due to pitting the money else where. I plan on getting back in asap. I'm a little worried because they haven't hit any solid good drills yet but those could be upcoming.

>>54262391
thanks for the heads up on Cariboo Pan Man! I know you're familiar with the project so I'll take your words to heart. I can get exposure to the upside on Cariboo with Osisko Royalties without having to take the risk that it doesn't work out.
>>54267440
>>54269421
I should do some DD on i-80.
>>54267968
I'm a bit leery about Canagold. I don't think the management is particularly stellar, and I think their development plan is peculiar. They're just going to ship dore bars via plane? ...Might work out but I need to see the Feasibility Study first.

I had a long gold / short silver since the gold ratio looked to be on the high end
Then I swapped to short gold / long silver, and then the rape hikes came out

>>54272793
gold/silver ratio is a bit of a meme imo. Silver swings absolutely unpredictably.

>>54272667
Canagold is controlled by Sunvalley, a private fund operating profitable mines currently in Colombia. Hard to say how competent they are as they aren't public, but my general sense is that these private run mines are generally better run than those by small public companies. So I have faith in them, I also like what they have done so far, the plan to accelerate development, the capital raise done as a rights offering. Taking the proxy battle with previous mgmt shows initiate.
Flying out dore bars is completely normal for remote mines, how else would they send them to refiners? Even for mines that aren't remote I would actually guess that flying out the bars is standard to minimize risk. Cost isn't that high as gold is so valuable by weight.

>>54272847
The weekly charts have a pretty good trend on them. during panics, the ratio shot up pretty hard. The absolute value doesn't matter, but the rate of change, look at 2008 and 2020 for example.

>>54272667
I think your right on Osisko Royalties, they look a lot better in the long run. Osisko Dev has to pay OR out before their other investors as well when it comes to their plans at Cariboo, so investors werent thrilled.

Bump. Should look into some Chinese companies sometime. First impression is that many of them are very cheap and boast excellent fundamentals. Of course currency and politics are risks worth being conscious of.

>>54272857
There may be a private regional hover craft fleet operating in that part of northern BC in the coming two years, that could / will probably make accessing Canagold's New Polaris property a lot cheaper than air / boat access only.

>>54272926
thanx

>>54271028
The thesis was "either the price goes up or the lights go out" but seeing the dumpster fires the past few years it's actually pretty likely they'll let the lights go out

>>54276202
Very nice, but not sure how much of a difference it makes. Can you transport drills on those?

Gold inching towards 2k again bros..

>>54278020
yes! you can carry all sorts of stuff on those sorts of hovercraft, back in the day, hovercraft were used to move serious heavy equipment to the Snip Goldmine in the Golden Triangle, I ll see if i can find a photo of them, it was quite a common way to move material around back in the 80s.

>>54278020
>Goldman: "gold is poised to move higher, although it may be more of a slow grind from here. We introduce a new flat target for gold of $2050/toz over the coming 12 months."

>Name is Goldman
>Says gold gongo up
Bravo, Nolan.

>>54278062
Awesome, can't happen soon enough then. There are no plans to drill right now, but I think if market conditions improve they will start the drills up again, that was the plan anyway. Still lots of drill targets.

>>54278095
Hovercrafts made travel a lot more workable up there, as they could maneuver over log jams and other obstacles that the wide river boats couldnt do. They fell out of fashion though and i am honestly not sure why, it was so much cheaper to move 4 or 5 sea cans and an excavator by hover craft than piece by piece with a helicopter.

will rana release the bonanza once gold hits ath?

https://www.mining.com/newmont-said-to-be-mulling-sweetened-bid-for-newcrest/

this could get interesting, we knew consolidation was coming to the mining sector, but i didnt expect this many major companies to try and buy each other out. I was expecting more little companies to be up for grabs.

GOLD HAS BROKEN THE GLASS CEILING FOR THE MILLIONTH TIME

I REPEAT, GOLD HAS BROKEN THE GLASS CEILING AGAIN

It's Peter Schiff's 60th birthday today.

Wish him a happy birthday.

https://clubofmozambique.com/news/uganda-announces-discovery-of-huge-gold-deposits-218828

Goldinflation soon
It's over

>>54281601
thats not that much gold
also enjoy trying to get a mine set up there

>>54281601
what was that news about Uganda supposedly finding more gold in a deposit than has ever been mined? Sure been awful quiet on that front kek

>>54281601
>>54281620
>>54281958
Ah yes here is an update
https://www.independent.co.ug/ugandas-huge-gold-discoveries/

KEK. It's quite worth reading. I'll include some highlights here:
>After President Museveni made the pronouncement, there were murmurs in the local mining industry with some experts quietly saying it is possible the figures were perhaps misinterpreted or lost in translation considering that the analysis was perhaps done in Mandarin.
>Alex Kwatampora Binego, a mining engineering geologist who is also the current president of the Geological Society of Uganda told The Independent that he found the gold discovery figures given to President Museveni “weird.”
>Don Bwesigye Binyina, a mineral and energy policy analyst based at the African Centre for Energy and Mineral Policy in Kampala was also quick to tone down the excitement calling the discoveries anything but “mere fool’s gold.”
>Out of this figure, the U.S Geological Surveys notes 187,000 metric tonnes (205,000 tonnes) have so far been produced leaving a balance of just 57,000 metric tonnes (62,700 tonnes) of known reserves around the world. “This implies,” Binyina noted, “Uganda’s gold discoveries surpass global gold discoveries by 115.5 times.” “Did the President confuse ounces with tonnes?”
>They went on to point out that the world only produces around 3,000 metric tonnes of gold every year and 80-100 grammes of gold per tonne (gold ore). They referred to the Uganda government’s figures as “insane and extremely optimistic.”
>“If that discovery was authentic, you would have seen the big boys; the Ashantis, and Barrick Gold come into Uganda. Seeing the bigger companies here would mean that you have made it. Their silence perhaps implies that this is a red herring.”

>>54282096
so its a nothingburger?

>>54282333
what do you think?

>>54271028
kinda the bottom but shit can still bleed out over the next months before the next pump

>>54282333
Come on dude. Every time Gold pumps there's a fud article from uganda or ethiopia or china claiming to have found enough gold to drive the price down to $10/ozt. It's a step away from asteroid posting

Has the time come to stop DCA and go all in?

What is a good timeframe when buying calls? I want to pull the trigger on some Oct 23 and Jan 24. Is that enough time? How slow do miners/royals move

>was the best performing commodity in 2022
What are some Orange juice companies?

>>54242599

New Bread
>>54284302
>>54284302
>>54284302