/biz/ - Business & Finance

>>54284302
Shill me your best junior miner or your mom dies.
Dubs is guaranteed 10x.
Trips is guaranteed 100x.

>>54284364

When will juniors come back to catch up with the real prices. I'm asking for a friend...

>>54284714

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

>>54284904
Calls on what?

>>54284904
>>54285025
The only call you'll ever need

>>54284904
Don't make calls, you want time on your side. Junior miners are enough leverage.

>>54285194
>Junior miners are enough leverage.
I'm balls deep in 3xETFs and nobody can stop me

>>54285194
Caveat: dilution will fuck you over in the long run with most juniors. Most are not worth holding long term unless commodity prices increase substantially and maintain high prices over the long run. Many examples of juniors getting rekt in the last two years

>>54285666
I don’t really see the point in buying stocks unless you have 7+ figures and at that point you could feast on private placements If you bet on it going up why not make more money on options.

>>54285793
>why not make more money on options.
Options are not an option in my country and I don't pay tax on stock gains

>>54284364
bayhorse

>>54284364
Silver Spruce
Aurcana

>>54284364
>>54284714
>>54284772
>>54285872
>if you want to shine like the sun, first you must burn like it.

>>54284364
Masivo Silver
Walker River Resources
Advance Lithium

>>54284364
Honestly I am trying to go ham into Galleon Gold. Digits and it gets bought out for 8.4 USD per share

>>54286623
Sorry I meant 84$

>>54286623
>>54286645
Nigger! Bhs is going to 8 bones then.

>>54286512
one word: dollartown

I buyed canagold today

>>54287611
Smart man

>>54284364
BHS
Its the best by default because its the only one I know. Cant risk it

Our time starts now.

>>54284364
Lion One will be a 10x

>Gold almost at all time highs
>Juniors trading like gold is at $1200
I guess we just can slurp.

>>54287557
>dollartown
Yeah, baby!

Just boughted UEC, how am I getting fucked? What in the hell is happening to uranium?

Anons, what is happening?

>>54287611
Buy order in for 62c
Next stop dollartown

bay horse till i die

>>54288121
Gold is way down since it 2011 in real terms, that's why miners are down, they are a leveraged play on gold adj for inflation of course.

>>54288706
I have a bunch of money coming in 2 months,
Do I still have time to buy gold miners or are they all going to moon in 2 months?

>>54288807
I have no idea desu, short term is very hard to predict.

>>54288807
Nothing will moon in two months.

>>54288807
>will it moon in 2 months
If it does anon then sorry i have been waiting 3 years.

>>54288706
>they are a leveraged play on gold adj for inflation of course.
anyone that believes this still deserves what they get.

while it's illegal for a company to lie about their assets (gold) it's perfectly legal to miscalculate expenses 'by accident'
Or have your money eaten up by unforeseen expenses.
Or simply give themselves a massive raise at your expense.
Or a condo
Or a jet plane
Or a year in Thailand

wen $2000

https://financialpost.com/commodities/it-makes-no-sense-for-canada-industry-rebuffs-idea-of-joining-an-opec-like-alliance-for-nickel

Fucking kek, go woke go broke.

>>54288222
Nobody cares about urmemeium until next pump and dump cycle

>>54289229
Now

>>54289352
>>54288222
Looks like a normal swing to me. Makes me want to write some deem ITM calls and see what I can do with 'em.

Now having said that, the U space tends to move together. There's little point in handpicking specific companies... a broad etf like URNM is probably fine. However, if you did choose a specific company, I'd probably just do it as a pairs trade so you can benefit from the difference between the two, since the stronger company should outperform in theory.
So having said that, I think I'm just as happy to roll all my shit into CCJ because it's the most liquid and has weekly options, which makes wheeling more attractive. U is a volatile space too, so that gives some nice premium

what the hells going on with the US Fed and or the regulators? Do they not talk to one another?

>>54289387
domo

>>54289352
Imo uranium is a good 10-20 year hold but these baggies are delusional if theyre expecting quick gains or some kind of moonshot

>>54289476
wdym??

>>54289479
Gold Chads are going to make it.

Is now the time to stop DCA and just go all in?

Soon

>>54289789
I'm currently shorting gold. I was +G/-S, but the ratio moved against me so I went back to -G/+S

>>54289603
there seems to be a hell of a lot of confusion between what Yellen and Jerome Powell, no one seems to know if deposits at banks are fully backed or not anymore.

>>54289869
>Shorting the metals

Gold over 2k

>>54289877
gray area
they can't legally back the deposits before the bank collapses, but they can back them afterwards.

if people believe the deposits will be backed then bank run is prevented and backing isn't necessary. In real life it's impossible to say if they're backed or not. But probably.

>>54289909
It's a pairs trade, I'm trading the spread between them. It cycles between 70-100

New lows for uranium stocks

we have arrived

>>54290393
I have the perfect candidate for this job.

>>54290503
kek

>>54289789
wagmi

>>54284714
How much pure silver is Graeme producing from his mine every month? Is that enough ore to keep his state of the art Payette facility running 24/7? Who is stupid enough to dump millions of shares of bayhorsey the few weeks - they are never going to make it.

CNBC finally publishing positive articles about gold.

https://www.cnbc.com/2023/03/22/gold-price-could-hit-high-amid-svb-credit-suisse-bank-problems.html

>>54290746
Fuck. SELL SELL SELL QUICK

>>54290773
Wait till Jim Cramer says to buy.

I bought 1-800-flowers as a value play a few months back and I'm up 30% on it. Should I sell and flip into another miner, bros?

>>54290949
Fug it famalam.

>>54290716

>>54291080
Kek, but 3k a month is nothing really. Sure its paying bros personal rent but its also low overhead compared to normal office rent.

>>54289909
A winning strategy, friend! Tried and true.

>>54291284
The price is about average for a microcap company, but that really isn't the point. The fact that it's paid to fat man for a spare bedroom in his condo is the real issue. This is a 100% lifestyle-company move.

>>54290087
Yup
At 50:1 or under you wanna be rotating silver for gold. It went to 31:1 in 2011 I think. That would have been the time to trade a big bar of ag for three oz of au and switch it back when it's 90:1 like now

How long does a bubble phase last? Gary says we are entering one for pm

>>54291284
The guy takes a salary and uses the company books to pay his rent at the same time and clowns like this make excuses for such behaviour.

>>54292264
About a year and a half and you'll know the top when it comes. It will be like bitcoin.

>>54290949
Yeah dude valentines day is over. Time to sell.

>>54292684

>>54292684
Oh, it wasn't a seasonal play at all. I was reading the Intelligent Investor at the time and wanted to start value investing. After going through their 10-K, it was clear that they were undervalued with a sufficient margin of safety.

https://www.mining.com/web/goldman-hikes-gold-forecast-reiterates-bullish-commodities-view/

https://ceo.ca/@globenewswire/atlas-drills-3055-meters-of-massive-salt-in-eastern

Hope you fellas are in the green
Been building a butcher table to make it easier to carve meat of bigger game animals. Gonna use a method called fractal burning to put a design on it before it's sealed up
Gotta a partial order of canagold today. Fingers crossed we get a pull back so my other orders can go thru

>>54294174
i am digging my yard out right now, weathers fantastic, too nice to be inside. The little piles of samples I forgot about before the snow came are starting to pop out, maybe a week from now i ll be able to find my Mystery Creek tin samples i was looking for!

>>54294174
Inb4 Canagold becomes Bayhorse 2.0. Anyway new resource should be out in about two more weeks.

>>54294587
It's on the low end of the 52 week and Im only putting about a grand towards gold miners so if it went to zero I'd laugh and blow down another line
>>54294486
Send pics
I gutted my microwave to try my hand at fractal burning but it doesn't seem to work just yet. If you see me in the susanville obituary this wkend you'll know what happened

Almost forgot, idk which anon advised about the light patterns towards bedtime but I'm deeply indebted to you
There's a late season for turkeys but only kids get the tags so I had to take a handful of boys out stomping around. They don't like getting up early and they'll rip roar around the lodge all night fucking off so I changed the bulbs overhead in the mess hall and the lamps in the juniors lodge. Fed them open faced turkey sandwiches smothered in gravy with a little benadryl in a Dr pepper ice cream float for dessert. Those little bastards were nodding off before I could even make their floats. The benadryl float is a staple and I didn't even need it really.
Much obliged anon

Results of first successful burn next to a failed cutting board.

>>54292150
Where do you see it headed right now? I feel like we'll have a retard rally for a few months and then a lot of drawdown as more systems start getting fucked. I think gold not the place to be yet.

https://youtu.be/2LATJ5jmfDc
Rick's thoughts on the banking situation. I'll have to digest what he's saying a lot and do a couple of extra takes. He is reciting financial runic language with perfect fluency and I admit I don't understand it nearly as well as he

Santa Cruz december report is so late its about to reach with their march one

High gold-to-oil ratio.
Dear God, is it actually time to buy miners?

>>54295644
I wish I knew anon but I've been dead wrong for six months straight or more about the fed pivot which is a significant variable for me. Both gold and silver are undervalued, as are the entire commodities sectors, compared to other assets in equities or derivatives (jej). So you can't go wrong just owning physical anything. If you look at just the ratios it helps to understand where the valuation is, was, will be headed.
We're in uncharted waters with this banking thing so I have no clue what to think. As RW says the fundamentals aren't reliable in clownworld economics so we (/cmmg/) find ourselves reaching thru a myriad of complexity to latch onto just one pattern that is useful, while also holding hard and fast to the most basic premises being supply and demand based price discovery, searching out undervalued companies, sectors, etc.
With the GSR you can't go wrong if you're holding physical.
Look at this chart. If you owned 100 oz of silver when the GSR was 33:1 in 2011 you could exchange that silver for three oz of gold. Fast forward to 2020 when the GSR ran up to 125:1 and you could trade those three oz of gold for 375oz of silver and wait until the GSR fell, say to 62.5:1 at which point you could trade 375oz for six oz of gold. And so on
It's a very long play but at least you can make a play while also holding physical PMs without actually liquidating them in between for fiat currency
Hope this helps
I'm beat lads. Idk if I told y'all how much I hate roofing but I fucking hate that shit

>>54295672
Gib timestamp pl0x
>Picrel
I don't have 53 minutes unless I'm not really listening with intent. Sometimes it's confusing. I finally gave up after seven years of study cuz finance and economics are absolute horseshit full of twilight zone doublespeak

>>54296350
He's basically talking about general banking-related issues; SVB's circumstances leading into the crash; high interest rate environment and what it does to long dated bonds; what he expects to be one more incoming shock to the banking sector in the near term etc. continuously pretty much the first thirty or forty minutes. The last twenty or so minutes he talks a bit about resource stocks: uranium stocks going down; small mining companies heading into a tough situation due to possibility of difficulty to access credit; his excitement about stock prices coming down; and finally at the end taking a good ten minutes or so to advertise his resource investing boot camps.

>>54296481
Oh so in a nutshell, without listening at all
>Subprime mortgages become mortgage backed securities MBS
Subprime means your own mother wouldn't loan you an apple
>MBS get higher rating cuz jews
>MBS blocks sold, resold, etc
So the MBS banking issue is just the subprime mortgages issue repackaged and relabeled, same problems as before
>Bonds
Not sure which ones but MBS is basically a pass thru bond I assume he covers this issue, if not it's cuz jews
>Treasuries
The 2/10 yield inversion means that if you are holding for the return on a ten year you will no longer break even due to inflation and the newer higher yield are more attractive but you can't get in without taking a haircut
The fed is buying back those shit assets for more than they are worth to shore up these failed banks and balance those books for them to be able to operate while the fed is taking them onto their balance sheet
I'll give it a listen if I get the chance monkefren

>>54296703
>The 2/10 yield inversion means that if you are holding for the return on a ten year you will no longer break even due to inflation and the newer higher yield are more attractive but you can't get in without taking a haircut
He pointed out that many of these shit banks like SVB hold much of their assets as long term bonds, and when interest rates got hiked the notional value of those bonds went down causing their yield to go up. And apparently the difference in the yield the bank gets versus the yield it is now (2.5% according to him) is amortized. Which apparently leads to a huge loss in liquidity. Many of these banks have been operating by selling the short end and buying the long end and now they pay via amortization. Or something like that

>>54297341
Yeah I think I said it backwards. So the liquidity is being siphoned off by the longer terms to chase better returns. I'll give it a listen but it's helpful of you to point out what's worth skipping

>>54297429
Basically the most banking heavy dialogue is in the first fifteen minutes and it gets more general and resource sector specific afterwards. Rick mentioned a potential "third leg" which will probably come down soon and cause issues in banking, can't remember what it was but I'm certain it was within the first fifteen minutes or so. Probably in the 10-15min mark or so. He is definitely expecting a broad liquidity crisis and has cash on the side waiting for cheapies

>>54295736
Mind going into detail? I'm assuming gold climbing and oil dropping is indicative?

>>54297623
So he is predicting a crash to come still? I think quite a few have said we still have a hard fall yet to come.

>>54294094
Was the plan that they want to sell it still? I still recall when people said a buyout at $70 per share, why would I sell at $4

>>54298295

The plan is to sell it, but I think there's a chance of taking it into production and I've been hoping they go down that road.
I've given it some thought and their TPR shares could end up making them tens of millions.
Atlas owns I think 30 million TPR shares and there's German and Canadian government money in the Hydrogen projects they're planning in that region.
If they could finance the mine construction with the TPR buyout funds or even partly finance it, we're looking at minimum 20x from here with a time frame of ~5 years.
Probably even bigger multiplier since 20x would only be 2 bil MC and Compass Minerals used to be 5 bil and they're more expensive producer.

Makes me wonder if this was Rowlands original intent to begin with.
Do a spinout dome that you know is going to be sold, take the money, finance the mine and pull off one of the world's most insane gains in 10 year time frame.
I'd take that over selling the mine.
And I also hope the stock gets fucked all the way to $0.6-0.8 because I want more of these shares.

Two weeks bros. Our time has come
>>54298146
>>54297623
This article helps
>https://www.yahoo.com/finance/news/david-rosenberg-brace-yourself-fed-173222825.html
From the article
>Elsewhere, just like the reaction in the German money market to the European Central Bank’s rate hike last week, the two-year U.S. Treasury yield plunged 23 basis points, even with the 25-basis-point hike from Jerome Powell. The two-year T-note closed the day at 3.94 per cent — light years away from the five-per-cent-plus “terminal” funds rate the Fed has penned in.

>>54296481
Rick just wants one more glorious bull run before he dies, give the man what he wants!

Are we monkeposting?
>>54298773
Despite me being wrong on the fed pivot I am going to be proven right on the market reaction to it. The dip that was covid march-may 2020 and the previous run up in the next six months was a hiccup compared to what's coming. That's why I started to DCA in Oct because I thought that pivot was right around the corner. Well they still haven't fucking pivoted.
What if they continue to raise rates and provide QE in the form of "backstopping" or whatever else they label it. What if that creates a tsunami of defaults that are mostly paid in dollars and the fed has to bail out foreign fucking investors like other central banks the world over due the lack of liquidity created by this viscous cycle? They aren't bailing out banks they're buying them up.

>>54298931
Forgot pic
God damn joke ain't funny no more

>>54294174
>Gonna use a method called fractal burning to put a design on it before it's sealed up
watch your ass, we kill off a few dozen rednecks a year with that 'art'

I hurt myself today

>>54299246
Welcome to the club, mine was at -10%.

>>54299246
>>54299263
Why did it shit the bed?

>>54299267
Look here >>54288222 some big coon is short selling.

>>54286381
i remember people pumping aurcana as a good get during the pandemic
looks like it lost close to 99% of its value
these microcaps have almost no chance, you're better off going with juniors or majors

>>54295672
Watching now

>>54295693
I think I bailed just in time. Look up the news release about Grant Tanaka suing them. He was their financial officer and they accused him of tax fraud and he's only suing them for one year salary and denied the allegations. I think if he was a scumbag he would have sued for more, therefore I'm learning towards he's legit and Santa cruz is funky. They have 20m in current liabilities and 64m in long term. Very grim picture.

I called the new firm grant Tanaka is at and while I didn't get a chance to speak with him, they gave me his email, and I ended up tlaking to the guy on the phone, gave him my impression where it seems like Grant is a good dude and Santa cruz is shady. The guy said "oh yeah grant's solid, such a solid dude." And note he didn't say anything about Santa cruz.


This could be like the time we found out Klondike lost their mining license before gold ventures. Santa cruz is a huge holding of his.


It's very concerning at this point they haven't released their Financials. I probably sold just in time and im.not going back until they release they Financials. They don't even really sell silver anyway. It's all zinc.

>>54296216
If I'd have put my entire portfolio in gold and silver during the peak of covid I would now be at a net gain instead of 60% down.

I'd literally have 350k instead of 160k.

Fuck anyone who says lyrical is a bad investment. They are either a crypto tard or a shill.

>>54296216
I'm taking an intro to business clas and some of the material is a total joke. Even the professor is like "yeah this is liberal garbage but we have to teach it anyway", and it says "the average pe ratio is 20" which is lol because the historical average is actually 12 and the class is taking about what great investments tech stocks and growth stocks are.

>>54299523
What's lyrical?

>>54299267
I'm in encore, global atomic, smr, and nexgen and those are all long term golds for me.

>>54299539
Physical*

>>54299279
C'mon lad, it's Uranium. Just set fire to your money, there be no rhyme or reason

>>54299559
If all the uramemes go tits up, I'll eat uranium and live stream it.
>there be no rhyme or reason
You know the reason, its the stupid kikes.

I bought at $2000 with a x10 leverage

https://twitter.com/CRutherglen/status/1639114702163959808

ATH incoming

>>54295260
>Almost forgot, idk which anon advised about the light patterns towards bedtime but I'm deeply indebted to you
That was me brother, glad to hear it also works to manipulate others kek that's awesome

>>54298931
>Are we monkeposting?
The monke renaissance has finally begun.

https://www.youtube.com/watch?v=4Zbnvh6I4k4

>>54300289
Also, Deutsche Bank ist kaputt. Our time is coming goldbros...

>>54300861
I'm not ready yet. I've not even reached 10ozt in pure golb.

Dump: rejected
Japan bros here we go

>two more weeks
https://financialpost.com/investing/fed-forecast-sees-recession-two-weeks

Dear /CMMG/,

Does anyone have an old picture of a commodities vs stocks cycle chart?

With my regards,
Anon

>>54299532
>class is taking about what great investments tech stocks and growth stocks are.
Be merciful and murder them brutally with a machete
>>54300320
I owe you one bluesmonke. Will send turkey pics
>>54300289
All the stars are aligning. We're gonna be nigger rich lads

Who here still has cash on the side in crash of market turmoil affecting miners as well?

Who here is all in expecting a decouple and miners will go up while everything else crashes?

I want some arguments and opinions to help me make up my mind as I am currently in the former party but extremely tempted.

>>54301922
I'm about 30% long 70% cash. Slowly averaging in. Possibly going to sell my apartment and go for a rental apartment in order to triple my cash position and cut down on monthly expenditures.

>>54301922
I'm 95% in, not trying to time anything, I believe what I'm invested in is very undervalued so I will not sell any.
Got 5k sitting in my brokerage account to scoop up a deal if we get a flash crash.

>>54299263
>>54299267
How long am I going to be bagholding for? Is there any hope? Kek, this is worse than any of my shitcoin purchases. I happened to buy this piece of shit 10 minutes before the short report came out. So unlucky.

>>54302223
You're going to be in for a nasty surprise in the next six months when liquidity dries up

>>54302260
I honestly just wanted to swing this stock. I saw it was still in a channel between $3.10 and about $4.20, and every single time it bounced back up as it crossed the daily MACD. It was close to crossing, said fuck it and front ran it. Bought, took a shower, came back, was down 8% at market open.
Shit's rough, I'd hate to realize this loss. Probably better to take the 20% haircut than a 50% though.

>>54301514
>Will send turkey pics
Nice. My favourite kind comes bottled, much easier to catch.
Another cool sleep trick if you want to autisticly minmax like me is red light bulbs in the late hours. Less subtle so better for personal use, but the red light disrupts your melatonin a lot less. I have cheap £5 party bulbs in my floor lamps that I use for the last hour or two before bed to wind down, my place looks like I'm fucking developing photographs every night. Your fireplace should achieve the same thing desu now i think about it but it's cool info to know.
Also download f.lux if you haven't got it already to auto-filter blue light from your screen in the evening hours coz that shit is nasty at night.

>>54301922
>banks failing
>gold soaring
>having cash
Nigga I'm all in PMs with the exception of a small Trillion position. Gold is 3 weeks into a new intermediate cycle, I'm likely not selling anything for the next three months and I'm not going to try and time anything when everything is screaming buy and hold.

>>54302475
>Nigga I'm all in PMs
Worth adding though while I hold miners I do have a lot in leveraged spot price so if miners do get fucked I won't be hit too hard as long as spot keeps doing its thing

>>54301922
90% in, around 3-4k cash. Its hard to not go full in, lot of company are cheap.

https://ceo.ca/@goldfinger/updating-the-most-important-chart-gradually-then-suddenly

Bump

Unless natty suddenly shits itself today it's broken the downtrend by 0.001. Doesn't mean it's not going to chop for the next month but interesting to note.

sorta happy with my top ten holdings, but I made the rookie mistake of selling some of the winners and averaging into others but could be worse

>>54303702
Why Ecora? I wasn't particularly impressed with them. Good picks otherwise. QRD on DRD? That one is new to me

>>54304085
great balance sheet on DRD and a decent dividend, they are unhedged
https://www.youtube.com/watch?v=luVA-KaKdD4
went with Ecora for the green metals agenda narrative but I'm thinking just copper mines like Barrick/Lundin would have been a safer bet, also have some FNV on another broker for a long term hold

https://m.youtube.com/watch?v=aJSXxJncyV0

Thread theme as we cross 2000 for the wkend

>>54299225
I'll keep that in mind we're fairly well set up but shit happens when you party naked

y'all stop slurping all the cans of gold, was hoping to get a bit more before it started running

>>54303645
Stop feeding copium anon. I feel sick thinking about natgas.

Moshi moshi, anon desu, tell me about gdx and gdxj, all my gold is physical so far, where can I read about gdx and gdxj?

>>54306355
Here you go, moshi-chan
https://www.vaneck.com/dk/en/gdx/holdings/

>>54306355
https://www.vaneck.com/us/en/investments/junior-gold-miners-etf-gdxj/
https://www.vaneck.com/us/en/investments/gold-miners-etf-gdx/
Don't you tourists know how to use a search engine?

>>54306413
>>54306402
Not that anon, that's the official website. I want to know if they are any good or if they are scams.

>>54306445
They are not scams, they are ETFs invested in those stocks you see in the link.

>>54306599
Thanks anon, expense ratio also seems reasonable.

>>54284724
Never. Gold retains value. Many juniors permanently destroy value

>>54284302
triple tops are bullish right?

>>54284364
Gold Mountain mining. Company sold off 90% because of a 10% dilution and now the company is printing money.

Gold chart losing momentum it seems. Could be coming down from here by the looks of it. Or not. We'll see. Most miners are not feeling well, that's a concerning sign. Then again WPM seems to be making higher highs, Newcrest is also moving up above recent highs.

>>54306918
>Gold chart losing momentum it seems.
Janet fixed everything.
Goyim should be thankful.

This is all the turkey pics I have just now fresh from the smoker
>>54306918
Oh fugggg

Schiff is live in 2 hours
https://www.youtube.com/live/YHwedlGcxw0?feature=share

>>54306355
If you want to make lots of money, just go all in on gdxj and silj

It's like diversifying in the entire gold/silver mining sector.
Safe easy money

https://www.youtube.com/watch?v=_QULKSmiV44

I pray its true, I would fucking slurp gold junior without hesitation

>>54284302
Hopefully you cmmg frens can point me in the right direction. About 30% of my invested net worth is currently in physical gold/silver, but 100% of my IRA is still in stocks and bonds. I want to convert some of my Ira into commodities as a long term play. Not looking to get MOON ANY DAY HURR, I'm just looking for a hedge against debt in the system so my IRA isn't entirely wiped out when the West collapses.

Here's my question (sorry for the previous blog): can anyone recommend a decent spread for my commodities portfolio? 50-50 oil/agriculture, 25-25-50 uranium/oil/NG etc. Any direction would be great. No precious metals of course, as I only buy what I can hold.

>>54308348
Opinion: make copper a substantial part of your long term commodity portfolio. Companies like Ivanhoe Mines, Rio Tinto and Teck have excellent long term fundamentals. They also very often have exposure to multiple commodities. For example, Rio Tinto gets a majority of its revenues from iron ore, and Ivanhoe has world class zinc and PGM mines in the pipeline to accompany their world class copper mine. Many of these copper majors will diversify your portfolio's commodity exposure by their lonesome

>>54308348
uranium, copper, oil. 25 everywhere, 50 copper.

>>54308436
Thanks for the recommendations anon, copper (and miners in general) has never really been on my radar. I'll do some research tonight after work.

>>54308505
May I ask you what you see in Uranium? I myself think it has amazing upside potential due to the fact that it's the best form of power generation we know of, yet is being suppressed due to politics. I think the time may come before I die where politics are set aside in favor of rationality and more efficient power. This of course will require an energy crisis, but I fully expect a few of those over the next decades.

>>54308600
As Rick rule say so well, either Uranium goes up or the light goes out. It can't stay low, like oil. That's what is so attractive about commodity today, you can't go wrong with either of them since we depleted every reserve in every metals in the last 30 years of money printing. They can't fuck with spot prices for 2-3 years at best then its checkmate.

>>54308659
According to this infographic, we should already we well into a large supply deficit, but we're not.

>>54308858
part of that is short term decrease in use, were using loads of copper, but not as fast as predicted. We are going to need to get another few dozen copper mines going in the near future. Seabridge's KSM is one that will make a huge impression I think.

>>54308858
>we're not
These copper price projections assume that EVs will fully replace ICVs and that charging grids will be constructed everywhere. The same applies to lithium with the assumption that no substitutes will be developed.

>>54309084
https://www.mining-technology.com/comment/global-copper-output-grow/

Production is also growing steadily and I think recycling is growing too. This copper supply problem narrative I think will end up like peak oil.

>>54309157
I'm pretty bullish on EVs and renewables, but I still don't think supply is going to be a problem. There is no shortage of these metals in the ground, just like there was no shortage of oil. Also the economy is going to be shit so that will take some demand off.

>>54309318
sort of, the big issue was new mines werent coming online fast enough due to poor exploration and planning, were seeing several mines coming in the next 2-3 years which should help. Thats just north america, peru and bolivia both have at least 20 near term mines coming in the same time frame.

>>54309318
Wait until the ESG bullshit lands in the recycling and mining sector
>Oh shid we're polluting
>Everyone needs to transition so we can stay in business

>>54309448
Yeah I know the narrative have been that new mines aren't coming online quick enough, but it just doesn't seem to have been correct. Perhaps they didn't account for older mines staying open or something, which is a key consideration. Usually these copper deposits are huge and it's not like there isn't any more copper ore when they stop mining, the grade just becomes too low. But if price is high they can easily keep going. So as long as price is high the copper will keep coming.

>>54308858
https://twitter.com/robert_ivanhoe/status/1639267772130623492
We're getting there.

>>54308348
I know you said no precious metals but I will still ask you to look at Franco Nevada. They're the biggest royalty/streaming company, they have no debt and while most of their revenues are from PMs, they have diversified their royalties and streams to include oil/gas and other commodities. Their balance sheet is impeccable, and their business model incurs them very little in the way of expenditures as they simply sit on their butts and collect their share on other companies' operations. Very diversified and low risk company, and hands-down the best royalty & streaming company in the world.

>>54306789
Pretty sure there was more to the story than that. They sold off for other reasons including that.

>>54308659
Thanks for the response anon, we think alike on uranium it would seem.

>>54309800
I'll add them to this evening's research list, thanks fren.

>>54309588
Is this like when they said oil to $600 it depletes by November or Nat gas shortage will freeze Europe?

What happened to Surge Copper? I'm looking for a copper play and remembered this was talked about here 1-2 yrs ago when it was .30-.40, now it's .09

>>54310585
I am not sure! Their most recent news was in Febuary.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2630-tsx-venture/surg/136968-surge-copper-intersects-154-metres-grading-0-31-cueq-including-16-metres-0-70-cueq-at-the-bergette-target.html

Their very active, I am not sure if its just the markets being shit again or did we miss something?

>>54310585
Probably just simply not good enough results. They're a junior with an alright copper porphyry under their belt, but it's not a tier 1 asset or anything. It still requires lots of capital to develop too so they have to dilute a lot. Juniors with copper assets usually don't do as well as Filo or Solgold

>>54289877
Thats because Powell and Yellen fully intend to pick and choose who fails and who doesnt. This is their chance to centralize the banking system by allowing the small and medium banks to die while bailing out JP Morgan and Citi Bank so they can buy up and control all the smaller banks. Then when things are more centralized or fully centralized they use the crisis after bailing out the big banks to justify switching to FedCoin and slam-dunk we are all slaves. All the while they personally make a ton of money as always of course.

>>54310585
every resources and commodity stocks went down beside a few mega bonanza like Snowline.

Surge is still a very good pick. Their market cap compared to their resources is a joke. You think something is wrong because price went down, but it's just a bottom cycle and when you should buy.

>>54310851
Bingo

>>54306355
>>54310942
Anime is evidence that two nukes wasn't enough

Anime is evidence that two nukes were sufficient

>>54304437
Groovy as fuck. Shame gold went to sleep for the weekend too but no matter.

>>54310942
This.
I'm still wanting them to get the mill from Imperial, but the time to buy would be before that happens which is now. Buying low is hard for people.
I'm too hard for silver right now anyway, maybe in a few months if these things are still relatively cheap I'll rotate into them.

>>54290095

Look at those copper inventories. Will my ill-fated positions in junior copper miners be saved by this development? Surely an operational mine will be worth something?

>>54311592
>>54311447
Two nukes were enough but it should have been (32.04596, 34.79373) instead of (34.39937, 132.47419)

>>54290095
I like wheeling but I might do CCJ for weeklies instead. However, if my understanding of the options market is correct, they should have a similar risk/reward profile, and monthly changes in UUUU should normalize to the same swings in CCJ on the week/month as well, so it's not necessarily better or worse. Though more trades means more broker fees.

>>54311697
Why would you invest in a junior copper miner? Genuinely curious as the exploration costs so much and good deposits are few and far between

>>54311631
Imperial Metals is still working on the logistics of getting Huckleberrry working again, their still having issues finding anyone willing to work for them.

>>54311802
Good. I hope they never manage it and have to eventually make a desperation sale

>>54311860
I have no idea why they keep trying to get people to work without the old benefits packages they had before they had Mt Polley and shit the bed. No one in the management sphere wants anything to do with Imperial either as the company appearing on your resume gets you sidelined. If they actually go all in and want the mine operating its doable, but they wont be hiring the best of the best.

>>54311990
Why is Imperial so hated?

>>54312259
depends on who you ask, but they threw their work force and contractor staff under the bus for the Mt Polley mine disaster, one of the worst fuck ups in modern mining history in north america. Mt Polley Mine's tailings dam failed, dumping millions of tonnes of mine waste into a nearby watershed, and ended up in Quesnel Lake, killing thousands of fish and contaminating an entire watershed. The company than went around and basically told their workforce it was their fault, not corporates, and that they should be held accountable. Now no one wants anything to do with Imperial Metals.

>>54312791
What a disaster! But whose fault was it really?

>>54312992
I'll give you a hint anon
J_ws
Would you like to buy a vowel

>>54313019
50/50 lazy company / contractors and lazy provincial gov. The company didnt double check the work on the dam foundation by a contracted engineer firm, who had failed to properly describe that they found clay instead of bedrock when doing drilling. Next failure was that the dam was only rated to hold back around 6m of water in the tailings pond at any given time, the spring the disaster happened, the pond was holding back 11m of water, because the provincial regulators were being lazy and slow on issuing Imperial a discharge permit. All in all totally preventable, no reason it should have ever happened.

https://www.mining.com/web/jpmorgans-mystery-nickel-rocks-the-hunt-for-clues-begins-with-a-kick/

>>54313858
>2 million
The first story I read about this said nine contracts worth of nickel which are 6 tons each totalling 54 tons and the contracts being valued at <28k burger buns each which would be about a quarter mil and now the number is up to 2 fucking mil. Next week it'll be six gorrillon and climbing
I feel like there's a meme for this that I can't quiet recall.......

>>54314008
I keep getting a new id everytime I go around a damn hill or over one. Fugit
At least the thread looks more populated.
What I wouldn't give to know the individual traffic of each thread including the lurkers. I bet we have lots of new eyes on us just now lads.

Well, /cmmg/, what would you like to tell our lurking audience?
>Hard mode
Don't tell them about the 100x sure fire horseradish farm

They're on our trail

>>54314195
ah, bayhorse strikes again

>>54314228
>>54314195
We should shill pump bayhorse to .30 to smg and crypto crowd when the rising tide starts lifting boats.

>>54314195
wow neat spot on the Yukon River!

>>54314047
>Well, /cmmg/, what would you like to tell our lurking audience?
"Go back"

https://www.cnbc.com/quotes/DBCD5
I'm sure this is totally normal

>>54311793
Altiplano has both copper and gold, positive cashflow, good upside potential (already have some drill result and not empty hope) and produced for years now. New mill will come online very soon and they will be able to produce gold and iron. All this for 10 market cap. Easiest future 10 bagger in my portfolio.

Mid and Major don't have so much upside.

>>54316867
I'll have a look at the company

>>54284364
>>54284714
>>54284772
None

>>54317361
$30 silver fixes that

>>54317472
Silver was 10% lower when I bought

>>54304085
My screener rates Ecora

>>54316867
>>54317279
But the jurisdiction is under possibility of being nationalized, you forgot that part.

>>54292295
Are there gayhorse shills and bagholders on here still plaguing us and unironically spreading that bullshit, again, 2 years later after it got rugged from that faggot's shill campaign and selling?

>>54317942
Which /pmg/ 2020 pick has performed best?
a. Aurcana
b.Great Panther
c. Pure Gold
d. Bayhorse

>>54318015
>tfw traded two of those and got out green on both

https://www.mining.com/web/jpmorgan-traders-should-get-prison-for-spoofing-us-says/

>>54319728
But jpm is still the metals desk for the US government. They threw these two under the bus but the song remains the same
>https://m.youtube.com/watch?v=O3wIkzY_A-k

I should look into coal and PGM producers. Where will I get the time I need to digest and organize all of this abundant information? I barely have an understanding of all the gold companies worth following and comparing, let alone all the other sectors.

>>54320084
Teck just spun out their coal mining division if you want a new but stable coal company that has operating mines.

>>54320827
I'm aware of that, although I know they haven't spun off yet. They're planning it. More importantly I should look into those assets. And many more companies...

>>54320940
oh i was under the impression the spin out had already happened, good to know.

>>54321817
They'll vote on it sometime in late Q3. Needs shareholder approval

Are miners going to keep going up from here?

>>54321912
yes

>>54284302
Out of curiosity do people here hold much in PM royalty streaming companies, like WPM, SAND and FV? I think I've seem them mentioned before but not very often.

>>54322673
Out of the royalty companies, I hold OR only for now.

>>54322856
>>54322673
Franco Nevada is one of the largest and best positioned Royalty companies out there in mining, have you looked into them?

quick post since i ll be busy for a bit. Got to keep the thread going for a while.

why is the market closed during the weekend

>>54325453
it's time reserved for strategizing, organizing, and DD

>>54325512
I want to look at the numbers go up and down tho. I have already done DD on hundreds of gold companies.

>>54325572
Open your own bourse, Dane.
Just think what you could do with all the order-flow data.

>>54325607
Not quite sure how succesful that would be

>>54325572
Me too. And I'm going to do DD on hundreds more. Until I've looked at each that is actually worth investing in.

>>54325713
I have pretty much looked at every company listed in Canada at this point lol. And a bunch of Australian ones too.

>>54325769
I've so far focused too much on juniors, but on the other hand I can safely say I've separated the wheat from the chaff on that front. Now I'm in the process of looking into majors, but also with a broader commodity focus. The majors take a lot longer for me to understand so I've got loads of homework to do. Today I've spent hours looking at Endeavor Mining and I'm impressed at their low costs, good balance sheet, methodical exploration, and long reserves. But I'll have to compare them to peers in order to make up my mind on whether it's worth investing in. I'm getting tired though so I'll wrap it up for today soon and continue examining their operations tomorrow.

>>54325769
>every company listed in Canada at this point
Same. I downloaded the spreadsheet from TSX and went through every single mining company, then did the same for the CSE. I did Oz stocks a couple of years ago but just couldn't get my head around their awful share structures ($160M MC trading at $0.04 sort of thing).

>>54325847
Endeavour Mining seems well run and all, but it's also rather expensive and you don't really get much of a discount from the elevated juristiction risk.
>>54325954
Based. Doesn't really matter if a company is 1B shares at 1c each or 100M at 10c each.

>>54324256
I have a decent-ish chunk of FNV and WPM, considering putting a larger percentage of cash into there than trying to pick individual miners. Thought with WPM is it's likely to be a bit more volatile with higher silver exposure.

>>54326264
I don't see much jurisdictional risk. West Africa has great jurisdictions. The company has operated for over ten years without any problems in any of their mines. I'd say Canada is often the more risky jurisdiction by account of the issues with permitting.

As for whether the company is expensive or not, I'm not looking at it from the point of view of its price; I'm looking at it from an operational perspective. Prices can swing up and down but the underlying company is what really matters to me when I'm looking at majors. Juniors are more for swinging (because they are more volatile and because dilution is a massive long term risk) but I'm trying to think of majors as long term investments, so I'm interested in ones with the best operations and most sustainable business. The idea is that I would be able to structure my portfolio in such a way as to take advantage of both the best juniors and the best majors

>>54326264
>Doesn't really matter if a company is 1B shares at 1c each or 100M at 10c each.
Sure it does. Say 1B and 100M both have similar news. Which will move more? The one with less liquidity will do so, and, of the two, 100M will typically have much less liquidity than 1B.

>>54326520
They have frequent coups in some countries. I think one large company was recently hit with a large extra tax claim that the company disputes. It's better than other places in Africa but far from Canada imo. What permitting issues are you talking about? I haven't seen any gold company having had their permit rejected.
>>54326622
The liquidity measure that matters is dollars traded, not shares traded. No reason why more $ would be traded just because a company has more shares outstanding. I know this is a frequent argument used, but it makes no sense. People are going to buy and sell when they want to, doesn't matter if they have 10k shares at 10c or 100k shares at 1c, they are trading $1k worth of stock.

>>54284364

>>54326773
The coups and internal politics rarely have any material effect on mining companies. These companies are major contributors to their economies after all. I suppose some countries in Africa are bad jurisdictions (South Africa inevitably comes to mind), but so far I am not persuaded by the FUD about jurisdictional risk.

On permitting issues in Canada, I'm mostly referring to years-long permitting timelines as opposed to permits getting rejected often.

I am a nazi jew. Pms are a tool, not where you make dosh. I doubt many have made dosh in the ides of shemitah. But you have been holding bags... i would get used to that. You could of had coal, copper, anything. Now shit gets tits up... buy shit that might go up. Anyone over 5% in pm who is not a ruff neck is a twat imho. Ballz to the wall on everything other

>>54326976
its honestly fairly rare that a permit gets outright rejected in Canada, the gov just sends it back with notes on what to correct, thats why it takes so long to get them approved.

>>54326976

>>54326976
>These companies are major contributors to their economies after all.
This argument is often used but it really makes no sense. If resource extraction is the backbone of a country's economy, I would think that makes it more likely for them to nationalize it or take steps toward that end. It makes no sense to nationalize something that isn't important as that would scare away capital from the country. So when you do something like that you go big. Like when Venezuela nationalized their oil industry. There have been mines nationalized in Africa before too. Don't think any have ever been in Canada. Having long permitting timelines is a negative of course, but I wouldn't call that a risk. Timelines seem to be pretty consistent and reliable and they are also working to lower them. Takes something like 2-3 years from seeking the permits.

>>54327118
I dont think any mine has ever been officially nationalized in Canada, however many were operated as contractors for either the US Department of Defense or the Canadian Gov. There were a number of Uranium mines that operated like that in the 1940s and 50s if I recall correctly.

>>54327160
If they were like that from the start then that's different of course. The risk is that the gov takes it without compensation. Also related risks that gov suddenly hikes mining taxes by a huge amount or royalties.
West Africa is the best jurisdictions in Africa, but we are entering uncertain times so I feel like there should be more of a risk discount. Same with Latin America, huge risks there. Many of these mines have lifes of 10 years with exploration upside, a lot can happen in that timespan. I mean it's not like it's a risk free investment to start with, mining + metal price uncertainty.

>>54327236
I could see mineral resource taxation being a thing instead of outright gov take over here. That is a legitimate issue which could arise from an NDP gov, but likely wouldn't happen under the two primary parties here (the Liberals and the Cons) as both of those parties have many fingers in industry. Its no where near as risky as latin america.

>>54327304
Dei and ESG+ banking takeovers are going to achieve this

>>54327304
we do this in the US

if you mine some ground, a shitload of your revenue goes directly to the local governments for schools and hospitals and police and fire and such.

it's the law, But it also helps keep locals happy with having mines in their back yards.

>>54326773
The fact is that there exists a strong correlation between share count and liquidity (in dollar terms).
In addition, high-share, low-price equities are popular targets of algo operators, which exacerbate the liquidity differential.
I'm not saying that CAD stocks are better because they typically have less shares out than AUD stocks, since leafcos seem to be much less reluctant to roll back than their antipodean counterparts. Your money can get flushed either way, whether through consolidation or dilution.

>>54327432
i agree with this policy to a point, the major mine project in my region put 500k towards school upgrades and new equipment for the local district, which helped a ton. The issue is that often communities get addicted to that money, cant budget without it, then boom the project folds and the community suffers.

>>54327446
>The issue is that often communities get addicted to that money, cant budget without it, then boom the project folds and the community suffers.
dead on balls accurate right there.

I've seen my town die 4 times in my life, every time the Climax Moly Mine shuts down.

Now we're a tourist trap and a suburb of LA. So when the mine finally runs out of ore the town will go on. Only problem is now nobody can afford to live here, including me.

>>54327446
on the plus side, Climax sends entire graduating classes to college on full ride scholarships. The contribute over a million a year in taxes, and they are always there with a grant or a gift for anyone in need.

Then there's the millions in payroll they pay to miners living in town. Leadville has survived because of the Climax Mine. And gotten rich off it. But when it goes away we go from about 7k living in county to less than 1k people.
historically the town exists just to serve the Climax Mine. And that's been reduced a shitload since the 80's when they went to straight open pit and robots.

>>54328127
Leadville had a lot of indoor growing about a decade ago or so. You could see the CO2 tanks lined up outside houses that had been converted into full house grows with multiple rooms. Idk how much money that brings into the neighborhood because almost nobody lived there as about a quarter of the houses were growing were from out of town including my buddies.

>>54328224
The weed industry here is worth a few million.

I have a business here that's worth more than our entire weed crop though.

I'm not the biggest biz in Leadville, that's probably Safeway. But I'm easily top 5 and nobody has ever heard of me outside of mining companies and feds.

>>54325769
Im doubling my position in Kootenay on Monday, don't think Silver will go lower and miner are already at depressed level. Will keep a few grand on the side, hard to find really good underated compagny.

>>54326264
>Doesn't really matter if a company is 1B shares at 1c each or 100M at 10c each.
I dont agree. Upside is a bit higher with small retail and tight sharestructure. Problem in this case is institution can't get in I guess. But i dont like too many shares out.

>>54328224
since a decade ago our house prices doubled

the median home price here is pushing 600k I think. Lots of houses are over a million.

at those rates airbnb is the moneymaker, not weed.

This is the bottom for SBSW.

>>54328251
Well pot farmers, unless taxed specifically as legal growers, will do all they can to avoid that burden. Sorry I guess I should have made that point clear. Not that they should either tho. Just how it's working out.
I like Leadville, I lived in Blackhawk and had friends in BV and nathrop I would visit some years back. There's a hot spring monarch I think or collegiate peaks. Can't recall now. I intend to go elk hunting next season so maybe I'll be able to go back

>>54328308
did you read about that guy in nathrop that got attacked by a cougar while he was sitting in his hot tub?

hilarious stuff..

but yeah, I used to grow weed here so I know that biz. All the locals depended on mining and weed and ended up getting rich off houses of all things.

>>54328308
>>54328354
all that happened is house prices were super low because we were EPA superfund.

when EPA cleared the superfund sites the price of houses shot up. Not really my concern since I worked with the EPA and mining companies to get Leadville cleaned up some. But if a dude bought a house here for say, $100k in the early 2000's they're probably a millionaire now.

>>54328308
>>54328375
dudes that bought multiple houses saw several million in gains when the EPA cleared the OU's

I did that, lots of other people did as well. The town has minted a lot of new millionaires over the last few years.

>>54328308
https://www.cbsnews.com/colorado/news/mountain-lion-attack-man-hot-tub-nathrop-chaffee-county-colorado/

>>54328375
>Millionaires now
Yeah I know a group of them
>Epa superfund
You can have shit for brains if you get dealt the right cards.
>Cougar
Cats terrify me. They're super smart and quick

>>54328308
>nathrop

the town is named for my MSHA instructor, Joe Nachtrieb. His family is from there. His grandpa knew the Ute chiefs including Chief Colorow who couldn't pronounce the name Nachtrieb right. He said it "Nathrop" and the name stuck.

>>54328436
Probably not the pussy he planned on getting

>>54328441
>You can have shit for brains if you get dealt the right cards.
pure fucking luck.

I was a millionaire before EPA delisted, but I made millions more off delisting. Complete shit for brains, just in the right place at the right time.

>>54328459
kek

I imagine both were surprised.

>>54328465
One of the guys I know got his house from his folks and blew it up for years because it was worthless until that epa shit cleared. I think he's still living in BV and owns a restaurant there.
Smart guy but not good with money. Dumb luck. The guy could fall into a septic tank and come out smelling like a rose

>>54328484
>I think he's still living in BV and owns a restaurant there.
then I know him.

Many such cases though. If someone didn't sell out or die when the mines closed down they got rich. Lucky fuckers.

I'm part of the furniture, my family has been here since the town started. Probably be here when it finally dies. We've gotten rich and gone broke at least a half dozen times.

>>54328500
You probably know him BV is small and there's only like 6-8 restaurants. I bet we have more than one mutual acquaintance. I do miss that area. This time of year is perfect too

>>54328567
>I bet we have more than one mutual acquaintance.
I have no doubt

>>54328642
I'm trying to go to red rocks for panic this summer. I'll buy you a beer and teach your old ass how to dance and use drugs at the same time