/biz/ - Business & Finance

>>55170110
Saltsisters... why didnt you listen to the Dane? Salt is literally free in the ocean

Nothing wrong with Atlas, monster deposit, cashed up and around 1/3rd of TPR. Many ways to win, for the patient.

>>55169684
uranium sisters.. this massive pump has me in euphoria holy shit..

>>55170162
I know right
The dane had called so many picks now. So many. It's hard to keep up with them all.
Sometimes I wonder why he posts here on the wkend since no lines moving on his screen

>>55170619
Oops
Maybe poker's just not your game, ike.
I know!
Let's have a spelling contest!

>135 IQ
>Speaks of his mythical calls and attributes them to himself, addressing himself in the fourth person

>>55170435
Wake me up when it's 75

Can someone explain to me how this company is actually performing so well when they have negative eps years in a row?
Same shit as ever SHLE
https://finance.yahoo.com/quote/SHLE.TO/financials?p=SHLE.TO
If I looked at this company and didn't know what I know accidentally I wouldn't by them from just this. What am I not understanding here?
Summoning big brains to show me the tea leaves
This is a good chance for you guys to teach the rest of us how to read this shit. Just saying

>>55170986
Damn it
Anyways yeah we could do classes on the wkend or at least discuss the things that aren't numbers and lines. Or maybe they are

https://floridanewswire.com/experts-weigh-in-on-the-second-rystad-study-indicating-that-proppant-type-is-the-likely-answer-for-accelerated-shale-well-productivity-declines/

>>55171355
These articles are all the same. All the same. Read it tho. Five minutes. You e learned more listening to my cock fueled raging

>>55171384

>>55170435
I still haven’t broke even

https://pubs.acs.org/doi/10.1021/acsomega.1c06151

Good. Free. In depth primer for proppant

It's all so tiresome bros.
These niggers get paid to repeat the same old shit. Same. Old. Shit

https://www.forbes.com/sites/ianpalmer/2022/06/22/proppant-movement-in-frac-casing-has-been-nailed-down-but-how-important-is-it-really-for-shale-wells/

Maybe I posted it already idk. Good stuff tho
Read it

>>55171462
https://www.reuters.com/business/energy/shale-booster-shot-re-fracs-rise-cheap-way-lift-us-oil-output-2022-06-27/

https://www.aogr.com/magazine/editors-choice/coiled-tubing-facilitates-refracturing

Don't say it's too much too read
This shit is kid shit

Yet another fake job report taking GOLDsissies to poundtown. How does it feel to once again go down to 1700 simply because of some fake data?

>>55171527
>How does it feel?
Amazing. I'll buy moar
Are you poor? Retarded? Both?

>>55171571
It's impossible to buy. The stupid gold stocks I got are hovering near ATH even with this setback

https://www.lfstechnologies.com/refracking-act-two-for-the-shale-revolution/

Used Google drive to look up missing laptop search results. It's payday gentlemen.

https://ccgpjournal.org/article/33234-low-density-and-high-strength-fracking-proppant-made-by-high-alumina-fly-ash

Lots of new stuff I've not posted yet.

>>55171595
So why don't you sel since it's ath?
Buy in again later? That's what I do and I always regret it

https://comitt.com/re-frac

These guys? Not listed for public offering. You guys ever wonder why the best companies aren't listed?

Bob is right. If they need your money they're struggling to make it with their money. Real money won't let poor faggots like us play at all. Bob is just as poor as us when you look like these cats cuz they only walk in tallest of tall cotton.
It's worse than previously expected fellas.
It's giving me the fear

I'm going to doggs myself soon because I think someone is lurking here that's involved with this shit in canyon
They're here now, lurking
>Pic related
Left my work laptop out as bait. The other laptop was stolen for access to the Google drive to protect them.

Tsk tsk.
You didn't think I'd leave things like that lying around unless they were bait did you? Oh my word
Sleep tight terry fairy. Kiss emoji

>>55171682
>So why don't you sel since it's ath?
>Buy in again later? That's what I do and I always regret it
Because I'm a bad trader and can't time for crap. I bought the stock when it miraculously dropped a lot and have been holding ever since. If it ever were to drop 40%, I would of course buy but that is probably not gonna happen. I hate averaging up. And if I buy now, gold is of course gonna drop just because the treasury decides to issue a bunch of new bonds, reducing gold to rubber while strengthening the dollar. And I were to sell now, de-dollarization were to happen, fortifying gold. Heh, you can never win
It's actually a massive problem with tech stocks. I got Apple at 36$... how am I supposed to buy now? I can't.

https://www.pheasantenergy.com/the-numbers-the-permian-excels/

Gist of the article in picrel

https://www.ibtimes.sg/exxonmobil-signals-massive-boost-its-shale-oil-output-permian-basin-70440

>The fracking technology ushered inmajor technological advancements in the oil and gas industry by allowing oil companies recover oil from fields that were impenetrable before the advent of the technology.

New news
Exxon gonna pump money into shale and fracking sector.
This is the big one lads. Next three years are gonna be tittys

https://www.reuters.com/business/energy/exxon-ceo-says-5-year-program-could-double-its-shale-output-2023-06-01/

I'm just post DD and monkeys until I get banned. Fuck the world

https://beststocks.com/exxon-mobil-corporation-explores-new-fracking/

https://finance.yahoo.com/news/u-permian-natgas-flaring-could-120000016.html?bcmt=1

Forgot who It was but there's a company using one of the volatile gasses as fuel instead of just releasing it or reinfecting it

>>55172008
>I'm just post DD and monkeys until I get banned. Fuck the world
Based. I'll read what I can later this afternoon but right now it's pullup day

>>55172199
I didn't know they made pull up in adult sizes. I quit caring about it long ago. Haven't shit my pants in months.
Sneezed today hard on that roof that time and squirted a little out

>>55170435
>>55170949
Since the 2022 bottom, nvidia has added about 700 Billion USD to their market cap. Whats the market cap of the uranium sector? >50 B$? 700 / 50 = >14 nice ratio
Alot of money sloshing around, energy is the future and the uranium / nuclear thesis will happen.

Looks like Peter Schiffs Twitter got hacked?

>>55172583
kek
Happens to the best of us. All we can do is be prepared

>>55172612
He already started selling links to a jpg. Who knows? Maybe he has just taken another step lower.

>>55170986
>If I looked at this company and didn't know what I know
What do you know?

They could be performing well if they have a project coming online, or maybe their revenue is increasing and EPS is climbing up over time. Maybe their gross margin is improving over time, maybe the balance sheet looks better. Hard to say why the market moves them up or down without doing deeper DD. Sometimes the market is just irrational too, Orezone Gold dropped from 1.60 to 1.25 in like two weeks after an impressive overperformance in Q1

>>55171435
>>55171355
Thanks for info

>>55172612
His password was i<3g0ld. He thought he was clever with the symbols in the password.

>>55170619
I think the Dane has a decent track record on picks, they may not have gone to the moon, but they have outperformed the junior sector. The stocks he has been vocally bearish on have done poorly.
The Dane is a pretty cool guy tbqh.

>>55174334
Let's see those caps from his picks then

>>55173570
Ok well I'm learning so idk what any of this shit means. I look for companies that are gonna do good work that's needed and try to find a bottom heavy value
By bottom heavy I mean if the place tanked overnight they would have hard assets and capital to go out in the green
Assets>work>consumer demand>elasticity=value

I'm jelly, the people with brass balls who bought the Goliath bottom last week are up 50%

>>55174475
Okay I can share what I learned from looking at the books here.

2020 was a shitty year as you'd expect, the company diluted like a motherfucker and lost money by the boatload, as seen by the common equity meltdown from $202MM in FY19 to $6.5MM in FY21. The equity burn slowed down considerably between '21 and '22 which could be a sign that the company is beginning to turn things around. EBITDA, revenue, operating income and pretax income have been growing steadily since 2020, and EPS losses were much lower than in '20 and '19. It may be too early to say but the company seems to be clawing its way to profitability. Gross margin (gross profit / revenue) has been tentatively increasing since 2020, and operating margin (op. income / revenue) has also become positive.

The company tends to have a very positive working capital position which I like to see. LT debt has increased from $179MM to $227MM from '20 to '22. Net debt tends to stay between $150MM and $200MM. Comparing the FY22 and FY20 numbers, the net debt/EBITDA has improved to 3.6x from 4.08x, but I will say that personally I would like to see this ratio stay below 1x. Beside the 2020 dilution spree there hasn't been any increase to the number or ordinary shares outstanding.

Free cash flow (Op. CF - CAPEX) has remained positive. CAPEX payments have increased over time, idk about the business model but maybe the company has to pay CAPEX to keep operating at higher capacity? In any case FCF has come up more so the CAPEX is being superseded by operating cash flows. Interest payments have increased obviously due to the high rate environment, and this has had and will continue to have an effect on cash flows so knowing what the company plans to do with regards to debt is crucial. For now the financing cash flow (debt & interest payments) sucks up all the FCF.


TL;DR: Debt's a minor concern but balance sheet is improving; cash flow flat; incomes improving and possibly turning earnings positive

>>55175258
>>55174475
taking a look at the quarterly numbers now, yep the company has become earnings positive in the last four quarters. Q4/22 was an exception but otherwise it seems the company has become profitable and the trend seems to be up. Q1/23 especially blew Q1/22 out of the water. Maybe the company is expanding operations or something, revenue is up almost 70% when comparing Q1/23 and Q1/22. Using the most recent four quarter info, net debt/EBITDA has improved to 2.74x. Although idk what drove the outperformance last quarter, is it a new normal or an exception?

>>55175258
Wow. Good summary. How do they look going forward?
I guess what I mean is do they have the underlying finances to do the cup and handle that bluesmonke and I are hoping for?
This isnt some shitco form that's gonna get busloads of subsidies, pumps from media darlings, or any other kind of attention to make the stock prices soar, so any parabolic move upwards would have to be firmly rooted in finances, right?
Sorry I have sommany newb questions and I needy hand held on this stuff
I'm still learning

>>55175520
Finnbro?
Who am I thanking for this?

>>55175552
>How do they look going forward?
Well, I don't know anything about the company outside of the books and the chart for now. I can't really say what the future holds but it seems the company is doing better and the numbers seem to be trending in a good direction right now. Balance sheet looks alright but LT debt levels remain elevated, it's possible the company wants to keep debt in a certain range. The interest rate payments will go up if so and that has an effect on cash flows. For now the books look like they're turning "green" from "yellow". It mostly comes down to the operations: revenue or sales growth. Is there more revenue growth coming up? Will the trend of recent quarters continue?

>This isnt some shitco form that's gonna get busloads of subsidies, pumps from media darlings, or any other kind of attention to make the stock prices soar, so any parabolic move upwards would have to be firmly rooted in finances, right?
Doesn't seem like a shitco. At least there hasn't been any dilution since 2020. Dunno about subsidies or pumps or stock price movements. G&A is a bit high relative to market cap but it's probably mostly workforce salaries as opposed to management payments
>>55175627
kyllä. Thanks for sharing those links earlier btw, I'm reading them all. Exxon is indeed increasing Permian production a lot in the next five or so years.

>>55175647
Kiitos paljon
I'm indebted to you for your time and efforts. What shall we call you? Or is finnbro sufficient? I remember you from the early days. And I owe you and everyone else here an apology for my behavior, which can only be described as painful and abusive, for years now

>>55175878
I prefer to stay anonymous, otherwise I would namefag or tripfag anyways. Call me whatever you want. And nobody here really owes anybody anything imo, we're all here trying to make a profit together in the end. Some shitposting or funposting or whatever from time to time never hurt anybody.

Vista Gold bros wya

>>55175897
I just wanna give credit where credit is due bro. You're good people. Some people larp as white like the Dane or larp as non-manlets like reds 5'8" ass.
I'm starting think bluesmonke is actually a monke tho. Haven't ever heard him talk about music and it's driving me bananas

https://m.youtube.com/watch?v=6KBh3aLcfeQ

>>55175950
Yikes
Terrible sound

https://m.youtube.com/watch?v=e0yWTr2mGUk

Use this one

>>55175931
Why is it so cheap? They don't dilute that much it seems, about 5% every year. They seem to have a build-ready mine so why aren't they building it? Are they just looking for a partner? Are they not getting financing because they're so small? I'm interested in this.

>>55175960
https://m.youtube.com/watch?v=ujlWhFLXAJg

The LSD banana story

>>55174441
The Dane doesn't take screenshots because he's a humble guy that doesn't like to brag.

>>55175897
Start namefagging as The Finn

>>55176335
Who was it that challenged me to a IQ test and posted that 135 IQ screenshot?

>>55176361

>>55176054
Isn't the project capex 10x+ of their mkt cap? Can't finance that in their own. I'm guessing noone has partnered yet because it's more marginal than what it seems. They also use an ore shorter in their study, that's typically a red flag. Something they needed to do to make the numbers look good which adds risk and is probably using optimistic assumptions. Also kind of a red flag that mgmt seems adamant that they find a partner and not just sell the entire thing, which would probably be the preferred options for any party interested. Mgmt prob want to stay on the gravy train.

>>55176392
The one and only, the Dane (who is genius level IQ).

the genius enjoying lunch

Now that dollar is gonna explode, why would anyone want to long gold? And technically (if one can even apply TA on commodities), it doesn't really look all that good for gold while dollar looks incredibly bullish. Fugg

>>55175950
We've talked music a few times, and with Bob. It's usually when you're eight hours into a pile of rocks though so you probably don't remember

https://www.youtube.com/watch?v=rGRjQ7WOmq8

>>55176405
Yeah I'm looking at this right now and it seems the upfront CAPEX is a bit of an issue for Vista. They've completed an internal scoping study with a CAPEX below US$350MM and 150-200koz annual production and instead going for a multi-stage production plan. No idea what the AISC and other details are for that sort of approach though. They're in talks with CIBC looking to close a transaction so the smaller scale is probably something they came up with together I think. They're also maybe looking to partner with another company but no details are available there either due to nondisclosure agreements.
>I'm guessing noone has partnered yet because it's more marginal than what it seems. They also use an ore shorter in their study, that's typically a red flag
It does raise some eyebrows at least that's for sure. Why hasn't this project entered construction yet...? No idea about ore sorters being red flags, maybe you could elaborate on that for me?
>Mgmt prob want to stay on the gravy train.
Maybe, or maybe they're convinced they'll be able to get this project built eventually. It's been about one year since the FS came out and they've since made that internal scoping study and are "in talks" with CIBC and "partners". Management doesn't seem to dilute much at least, considering the stock dilution has average about 5% the last four years, but I haven't looked at management compensation.

The opaqueness puts me off but the project does seem to have merit to me.

>>55176418
Oh well glad to know it's beneath you to brag or post screencaps. Don't make me send Bob after you

>>55176483
I havent done any Pablo in a week I think.
It's basically a lifetime achievement for me. Haven't been this sober since i spent 29.5 days in Charleston against my will

>>55176405
>>55176487
I guess I'll just keep an eye on it for now. It's essentially dead money until the financing is secured. I want to see them with the money in hand and trucks moving earth onsite before I buy, considering it's been a year since FS and the development of the project is in question. I'll have to wait two years for the cashflows to start after construction has started anyways, so why expose myself to further risk here? I've noticed that much of the risk in this space comes from financing and time value

>>55176446
He removes the stringy bits just like me.

>>55176487
I keep getting banned for VPNniggers using my IP to post CP. Then I go on my phone and use outside internet and get banned for ban evasion kek. But apparently I can just turn the internet off and on again and get a new IP. I'm lucky to have such a high IQ to figure all this out.
They are building a huge mill for sulphides in a western country so its destined to be big capex, probably higher than what they are projecting too. And grades are much below 1 g/t, so idk. One should think that if their study was actually realistic, a partner would have jumped on this by now. But on the other hand some of the bigger companies are very conservative.
The oresorter is a red flag for me because I'm guessing there is a reason why only very few mines use these oresorters. It seems like something that is only used for more marginal projects to make them look better by probably using optimistic assumptions and then you have the additional execution risk.
Haven't really looked at them for a while as I decided against them a while ago.
They may think the mine is going into production. But it's still a bit of a weird structure with such a partnership, I'm pretty sure all possible partners would much rather just buy the project outright and build it themselves, so they dont have to deal with anyone else.

How many The Dane s do we have here now?

>>55176857
Thanks for sharing your thoughts once again mate. Always appreciate your perspective.
>The oresorter is a red flag for me because I'm guessing there is a reason why only very few mines use these oresorters. It seems like something that is only used for more marginal projects to make them look better by probably using optimistic assumptions and then you have the additional execution risk.
I wonder if Pan Man could weigh in on this a bit?

We need to get this sorted out

https://finance.yahoo.com/news/1-u-shale-production-set-190619225.html
From the article
>Crude oil production in the South Texas Eagle Ford region is due to gain by a mere 2,000 bpd to 1.11 million bpd, the highest since November 2022.

>Total natural gas output in the big shale basins will increase by almost 0.3 billion cubic feet per day (bcfd) to a record 97.2 bcfd in June, EIA projected.

>That would top the current monthly all-time high of nearly 97 bcfd expected in May.

>In the biggest shale gas basin, Appalachia in Pennsylvania, Ohio and West Virginia, output will rise to 35.3 bcfd in June, the highest since hitting a record 36.0 bcfd in December 2021.

>Gas output in the Permian and the Haynesville in Texas, Louisiana and Arkansas will rise in June to record highs of 22.6 bcfd and 16.9 bcfd, respectively.

>Gas output in Appalachia was expected to increase even though drillers have been getting less gas out of each new well for over two years.

>EIA said it expects new Appalachia gas well production per rig to drop to 23.3 million cubic feet per day (mmcfd) in June, the lowest since May 2020.

>New gas well production per rig in Appalachia hit a record of 33.3 mmcfd in March 2021. (Reporting by Laura Sanicola; Editing by Cynthia Osterman and Lisa Shumaker)

Honestly I feel kinda dumb not having looked into Appalachian shale production. Like at all...
That's where I learned them thangs from them boys twenty years ago

>hopium

>>55176054
>Why is it so cheap?
Sulfide material

>>55177190
Seems reductive to conclude just sulphides alone makes it have a low valuation. After doing some simple DD to me it just seems like they're having issues getting it built due to CAPEX/financing hurdles

>>55177113
>the Chinese have a great propensity for gambling
Now do niggers and Mexicans

>>55177298
And why is the capex high?
Because the material is so refractory that it requires multiple circuits to process. In addition, refractory sulfide ore typically will contain penalty elements such as arsenic and antimony.

>>55177406
I see, good point. Even though they're now looking to start with a smaller operation they may be doing so at the expense of a higher AISC due to the relatively complex flow sheet and treatment...

>>55177406
Pretty sure it's just normal sulphide rock. When you have refractory ore you need pressure oxidation, a roaster or BIOX to release the gold that is trapped in the sulphides. They dont need that here.

>>55177470
>>55177406
oops never mind >>55177517 seems to be right, it's cyanide leachable. That means it's not refractory right?

>>55177517
>>55177552
It's refractory enough that it needs to be ground to dust before it can be processed, accounting for 23% of life-of-mine costs. This doesn't include capex for the classification/grinding circuits.

>>55177552
I'm no metallurgist so I don't know if you can technically say it's refractory to some degree, but I never heard anyone categorize a deposit as refractory unless you needed an oxidation step to get a reasonable recovery.
But it's a bit complicated of course, no two deposits are exactly the same. Looks like the ore is a bit more tricky than usual as they need a very fine grind of 40 microns, usually I see 75 or even rougher. Also are those pre leach conditioning tanks standard? Not sure. But there is no biox/pressure oxidation/roaster step at least, those would blow up capex and opex and make any deposit even close to 1g/t uneconomical.

>>55177596
Does small grind size make ore refractory...? In any case, how much would a "non-refractoy" ore grind size expenditure per ton look like to you? I'm no expert on these but I would think it's normal for sulphide mills to have small grind size whether the ore is refractory or not

>>55177624
I think 75 microns is standard.

>>55177624
Refractory ores mean the gold is super fine and poorly concentrated across a wide part of a vein. It makes recovery an utter pain, so crushing to a fine powder or gravel helps the leaching process.
Most mills pulverize to a grit similar to baking sugar but it is possible to over crush, resulting in material being impossible to recover and lost as tails. Its tricky to explain, but most sulfide ores you want a grit that you can still feel between your fingers, like kids play sand if you know what i mean.

>>55177656
Perfect timing Pan Man, I think your knowledge can help here. Would it be reasonable then to extrapolate and call all sulphides refractory by nature? Also could you give your thoughts on the greentext here >>55176898 -- is an ore sorter in a process flow sheet a potential issue for an operation?

>>55177685
That's a Bob trope. I'm leery of ore sorters because they're just gravity sisters with some lies attached and I don't trust the lies

>>55177685
Looks like jannies removed my post you responded to, probably because I explained how to ban evade lol.
Janny I propose a deal, I won't post how to ban evade again if you stop banning me and unban my wifi.

>>55177685
not all sulfide ores are refractory, many are in fact what we call "Free Milling", meaning gold can be recovered without cyanide, with just basic ball / impact milling.
Most sulfide ores do require some form of treatment to recover more than 50% of the precious metals in them.
As for your second question, ore sorting "upgrades" lesser ore to a higher grade, usually by 3-5% but it can very greatly by deposit. They slow the milling operation down, because you can only send so much material through the device at a time to get a consistent scan. To get around this, many projects have the sorting / upgrading done before secondary milling.

>>55177744
All of us got banned

>>55177751
Well I didnt even do nuffin

>>55177755
Maybe somebody reported you for being a Nigger on a white man's board

>>55177621
>you needed an oxidation step
Cyanide uses oxidation
4AU + 8NaCN +O2 + 2 H2O

>>55177748
The free milling ore is oxide ore?
>>55177765
The Danes are literally the toppest of white genetics.

CAPEX: $892M
OPEX: $1,555M

MC of VGZ: $71M

Maybe at $5,000/oz Au

>>55177743
>>55177748
huh. I wonder why a large-scale operation like this would go for an ore sorter instead of a gravity circuit. If this were a smaller operation maybe an ore sorter would make more sense but this is a 50Mtpa project we're talking about here

>>55177783
50ktpd right

>>55177794
pardon, yes 50ktpd

>>55177755
>Well I didnt even do nuffin
I did sunthin

>>55177783
Ore sorter IS the gravity cicuit

>>55177779
Something tells me you've always been a bottom

>>55177783
Ore sorting usually only makes sense with smaller mines but it can be done on a larger scale, diamond mines for one example.
>>55177779
Often sulfide ores that have already gone through weathering (at or near surface) dont need as much treatment as they have already partially converted, you often see two different setups for the different materials half way through milling, but again its deposit specific.

>>55177824
Are there other tools that can be used in the grinding & classification phase then?
>>55177832
What about in high tonnage gold mines?

>>55177835
its doable but its tricky. Ore sorting in that case is used to assist in making a consistent stockpile ore for milling, but the bigger things get the more tedious they get as well. Its been used twice in recent years in Canada to upgrade quartz sulfide ores, separating out lighter waste from that desired quartz, but its never been used in mega scale mines as far as i know. I could have a look, but i dont see an ore sorter getting used at a pit the scale of say Gibraltar Mine in BC for example.

>>55177835

>>55177861
I see, thank you. Really peculiar that they went for an ore sorter with a mine like this
>>55177878
Yes, I posted this image here in higher resolution already >>55177552

>>55177835
>Are there other tools that can be used in the grinding & classification phase then?
Yes the ore sorter doesn't grind
>>55177861
It would be a huge weak link mechanically

>>55177890
Then you'll see that it requires roasting for carbon regeneration.

>>55177906
Where's the roaster in the flowsheet?
>>55177894
What other tools can be used instead then besides a ore sorter?

>>55177920
Kiln is another term for a roaster.

>>55177939
Thank you. ESL here in case it wasn't obvious. So it is in fact refractory after all

>>55177920
The sorter is just a gravity separator using compressed air. These have been around for almost 200 years. They're easy enough to build.
Other than that, screens and shaker tables or any gravity separator really

>>55177947
In this deposit there is oxide, transitional and sulfide material. Most of the resource is sulfide and I would classify that as refractory given the circuits required for processing.

>>55177878
i see why they have sorting in this setup, its their reject setup, their sorting out lesser value material or possibly even scrap metal / material that would interfere with a later step. That or their scavenging higher value but smaller crush from waste, its difficult to figure, very odd.

>>55177969
Anymore all ores are treated as refractory eventually

They try to get every molecule, not just the easy stuff

>>55177988
Ah that's a good point. If something goes sideways with the ore sorter, couldn't they direct the fine grind reject into a pile for later ore sorting anyways? So idk if the ore sorter is an issue after all since it's not necessary for the rest of the processing to move along. Odd choice perhaps but it probably shouldn't matter for the rest of the operation, maybe it's just to get some extra $$$s?

>>55178026
you would likely just have a bin that would send that material off to tailings / waste, you dont usually dump that back in the mill run as it could effect your grade consistancy. If you want to run it again, its better to just have it in the waste pile for later. This happened a lot at Eskay Creek, the mill often couldnt keep up with how rich the material being run was, so the mill operators would simply discharge some lesser grade material to tails to compensate.

>>55178026
i think their just trying to scavenge every last little bit of workable material, its still pretty odd though for such a large scale operation, it would only create problems if it was running anything other than fine but possibly high value skim run or off run for the mill.

>>55178026
The sorter significantly reduces the amount of ore treated at the expense of some metal lost. It upgrades the ore.

The fines will usually contain most of the metal in a drivable ore, as are most sulfides

>>55177947
Pretty sure the guy is wrong and this wouldn't normally be classified as refractory. When you roast refractory ore you do it before it hits the leach tanks. This is something else to clean up the waste product or something.
A roaster would cost several hundred million by itself, maybe more than a billion, for a project of this size and make it obviously uneconomic due to the low grade.

>>55178066
Damn phone posting

Friable

>>55177989
Yep, remember Asarco in Montana?
They would take any crap, even slag, as long as it contained metal.

>>55178069
That was my understanding as well but since I'm so unqualified to argue about this topic I end up being rather impressionable. There is a roaster or a kiln in the flow sheet, but is it standard or only used for refractory ore?
>>55178094
>>55178019
Not really related to Marcellus but pic related is how WCSB looks like from a dry gas / wet gas / oil perspective. To my understanding the full extent of the oil-bearing area to the East/North East is today not fully known

>>55178066
ahh thats a good point too, but i didnt notice something in the pic too, their screening the oversize product from the Fine Screen setup, that seems like their scavenging for valuable material, and rejecting the remainder. The recovered product is sent back to the system at the sump / pumps then cyclones and further milling. That honestly makes a lot of sense then for such a setup.

>>55178069
Is roasting Eve used anymore? It would be unnecessary in most any case
>>55178090
I worked.for those guys. They'd buy anything

>>55178128
Not sure if it's standard. It does seem like this ore is a bit more complicated than normal, which is another reason to pass on the project. The study assumes <$2/t in mining cost also, that is just not going to happen.
>>55178135
Yea I think they mostly do pressure oxidation (POX) today for larger projects and biox for smaller ones. There are still some roasters in use I think, didn't i80 get one?

>>55178128
I'm looking all over now. Thanks for the heads up. Akchewali I was reading on Canadian oil plays out west when I stumbled into Wisconsin white sand. Idk why I quit looking at oil plays when I found sand but it's high time I revisited it.
I won't get lucky twice two so I need to put my time into looking thru this shit
You fellas helping me is really important and I appreciate it so fucking much. WAGMI lads

>>55178180
Oops

>>55178170
I-80's roaster is permitted, along with two others in Nevada (Jerritt & Carlin), but needs at least $250M in rehab work.

>>55178188
i80 also has the whole dewatering issue to go through if they want to mine most of their deposits.

>>55178135
But yes it's rarely used ofc, only when necessary to get acceptable recoveries. Maybe like 10% of projects use this kind of oxidation step, maybe even less. Needs to be relatively high grade as processing cost is probably $50/t at least and way more for small projects.

>>55178199
I know. I'm the fag who posted all that stuff.

>>55178212
Should have known you're the based shortposter.

>>55178130
Makes sense. They'd lose a little metal but save a lot of cash

>>55178170
Roasting is just absurdly expensive but if they can get energy cheap it could work. I love complex process but yeah... More points of failure

test

>>55178263
Thanks jannybro. Posting from a phone is annoying af.

>>55178272
This is the real Dane btw, so you wannabees can knock it off now.

>>55178322
Makes me laugh every time

My half Mexican kid scored way higher than you in elementary school

Mfw when the janny is a booty blasted cryptofurry

>>55178363
I'll take another ban...

The janny is an AI

>>55178353
[Narrator: he actually didn't]

>>55178406
155 on RPM at age 11. Very close to my own score on SB at the same age

You don't understand this but you would if that was your test you posted

>>55178430
You got a lot of tall tales bob, but for some reason you don't want to post the proof that you claim you have. Curious. You're all hat, no cattle.

>>55178459
You can pretend to be an idiot but you cant pretend to be a genius. It's not even something a person can fake.
You don't pass as a genius. I like you, but you're really not that smart

>>55178430
That retard is retarded even by furchinz standards. I bet he wipes his ass before he shits because nobody told him differently. Everytime he sits on the toilet he loses IQ points

>>55178496
Ken

I'm gonna be nice to the guy and leave him alone now. Truth is the thread needs him around too

>>55178459
Looks like I topped your score by a mile faggot

>>55178510
Yeah he does contribute bumps and I see him talking shit about shit he don't know, which I typical of niggers since they wanna be white so fucking bad
I hope we get more activity from non retards and the thread get headier. We're losing posters, gaining lurkers, and getting smarter by the day.
I need some of the guys like you to chime in and help move this refracking thing along before we lose our window of opportunity to buy in while it's cheap

https://www.lfstechnologies.com/refracking-act-two-for-the-shale-revolution/

>Refracking Slows Capital Treadmill While Widening Profit Margins
The best investments in the oil patch require minimal capital yet deliver additional reserve recovery. Refracks costs 50% to 100% of a well’s original completion cost (about half the total cost of a horizontal well). The return comes from accelerated production serving as a countermeasure against the steep decline rates of shale wells and increasing the amount of recoverable oil and gas. Refracking lowers the cost per unit of production, a critical strategy in a low price environment.

>Best Refracking Candidates Are Excellent Wells in Explored Plays
Only 1% to 2% of shale wells today are being re-fracked, though this may expand in 2016 as technology improves. Refracking candidates are typically the oldest wells in plays that have been widely explored, such as the Haynesville, Barnett, Eagle Ford and Bakken, where the extent of hydrocarbon deposits and optimal spacing of perforations, is known. Good refracking candidates are wells that had poor initial stimulation. The best candidates, contrary to popular belief, are often high-producing wells to begin with.

>>55178800
All that's from the article should have been greentext
Sorry. Not my words

>Pic related
How they put the hamster in these days. Or gerbil. Whatever you desire

>>55178775
He's taken the time to learn a lot about mining and milling, I respect that. And you know I don't respect much

You're now the fracking expert, you know way more than me

https://www.resfrac.com/library/resfrac-models

I tried watching this twice. Can't make it more than ten minutes before I fall asleep
See fellas: Drugs, although dangerous, addictive, and harmful to your body and mind, can still serve a purpose

>>55178869
I'm no expert. Lots of reading done in the last year or so in the sector tho. It's a newish field with tons up potential, which is a word I really really hate to use to describe industry

has anyone else been watching the advancements directional drilling has made with core sampling? HyTech Drilling apparently is working on a setup modified from oil and gas to take samples from deep within a structure without being on a clear delineation. The concept seems very promising for making sample drilling cheaper, but its very new.

https://www.cbc.ca/news/canada/manitoba/silica-sand-mining-manitoba-proposal-1.6846998

From the article
>An Alberta mining company wants to drill thousands of wells in southeastern Manitoba to remove millions of tonnes of sand in an aquifer that serves as the source of drinking water for tens of thousands of people.

>Calgary-based Sio Silica is seeking provincial environmental approval to drill up to 7,200 wells to the east and southeast of Winnipeg over 24 years and extract up to 33 million tonnes of ultra-pure silica sand from about 50 metres below the surface.

>The mining company says its proposal will inject billions of dollars into the Manitoba economy by tapping into a Canadian supply of a highly sought after raw material required for the production of solar panels, new batteries and semiconductors

>>55178924
Really new from my point of view. I started working in industry 28 years ago and fracking wasn't much of a thing then. I don't know enough about it to have any intelligent conversation though

>>55178970
now thats a novel way to get pure silica sand! far cheaper than open pit mining thats for sure.
There was a group working on a vacuum truck style setup for placer gravels around 10 years ago, it may be a similar piece of kit.

>>55178969
Never heard of it... That's awesome!
About time somebody did that

>>55178969
Lassen here PM
Send what you have so far. I've been diving directly into that recently for refracking o&g. I've got mountains of that shit under me now. I aim to point you in the right direction so you don't go sideways (pun intended)

https://www.pason.com/products/all-products
Might have been these guys

>>55179041
i ll see if Hytech has it posted on their site yet, I saw a quick demo of the setup at Minerals North this year which looked really slick.

>>55179001
That's what I thought too senpai. Idk how they would clean it up before hauling cuz you don't wanna haul it then clean it then haul it again. I'll keep my eye on it and see what else develops

https://www.slb.com/products-and-services/innovating-in-oil-and-gas/well-intervention/remedial-services/production-improvement/refracturing

>>55179084
cleaning sand is extremely easy, a few settling tanks with simple light agitation would leave the denser sand and remove drill mud.
>>55179041
Hytech has a LOT of R&D going on right now, including plans to work on a laser drill for surface rock sampling, which sounds honestly so awesome.

So like, why not just look at a country's biggest exports, and invest in something that produces that?
For example, Canada does a lot of petrol and lumber products

>>55178969
Are you talking about core sampling horizontals for example? Sounds nigh impossible but that's new tech for you

>>55179400
from how it was presented, their working on a way to drill out a starter hole at an angle, then send down a tool that can than cut the core and retrieve it, they also showed being able to send down core pipe at an angle (45* for example). They are probably working with brand new kit, but it looked very early stage. We will have to see if it works, Hytech are major players in mineral exploration drills.

>>55179111
Bam
Got em
https://finance.yahoo.com/quote/ESI.TO/profile?p=ESI.TO

https://www.ensignenergy.com/innovations/https://www.ensignenergy.com/innovations/

These guys are the ones I've been digging on, hehehe. They're from Colorado initially I think Bob would be likely to have some information on them from his own personal experience.
The guided boring is complex so they have boat loads of data gathering and analytics. I'm sure there are others in that field but these are the guys I'm on just now

>>55179464
Lots of R&D happening in drilling I see. What do you think about plasma drilling? Seems like such a high tech futuristic idea but it might be turning into reality. I just wonder what happens if you drill into a gas pocket with one of those babies

Here's some test footage. Not much of a core left to sample after that! https://youtu.be/a2YkR5lop-g

wen?

>>55179573
there is a company working on making a quick change laser head that would fit on most bore hole drilling machines for blasting, which is just mind boggling to me how fast the tech has evolved.
The laser sampler tech seemed to be something like a laser and spectrograph combination, that collected material as it was vaporized by the beam. The idea of being able to burn a hole in rock without the need for a drill bit is VERY enticing to the mining sector, drill expendables are a major cost.

https://finance.yahoo.com/quote/PD.TO/analysis?p=PD.TO

Eps projections for next year are 2000% higher than last year.
What am I looking at incorrectly here?

>cup and handle
Wow. Just wow. Picture perfect. I'm tired of reading for the day. Found these guys if big brains wanna look at the last two companies I've posted that would help a lot
Love you guys I m going to bed

>>55180121

What do you think the price of silver will be in 18 months?

>>55180163
1/70th the price of golb

>>55180132
I happen to own some Crew shares. Though at these gas prices that P/E is fairly misleading. But I'm bullish on natty.

>>55180218
based answer

>>55180293
What do you think?
Why did you buy them initially?

https://finance.yahoo.com/news/shaw-pipeline-services-acquired-private-193700358.html

This some big news for drill working

>>55178528
>bragging about online IQ test results.

Idiots are hilarious.

Ok I'm wondering WTF here. Was t Zapata oil a bush run operation that let them fly helicopters out to oil rigs and not need to clear customs on the way back in so they used speed boats to run coke to the derricks and helicopters to bring it back to the mainland

>>55180525
there was a heli logging company running weed and guns across the US / BC border a number of years back, i am not sure how the protocol works but i would not be at all surprised if it was still going on.

Did my words get compromised when my bags got searched?

>>55176487
Do you foresee them just selling the flagship project, or even the company? Last time I called investor relations they gave me excuse that economic conditions werent right for partner prospects. Seems like cope and I dont know how long they can keep waiting. This sector is a notorious capital black hole,

>>55180476
>not spotting the obvious shitpost
Looks like you failed the test anon

>>55180336
I think they're a well positioned company some advantages over competitors. Their balance sheet sports a net cash positions as they turned totally debt free earlier this year while most competitors have net debt. They don't have a dividend which I like because many producers got greedy last year and are now committed to paying dividends they cannot pay at these prices. Birchcliff for example came out and just outright said that they will fund dividend payouts with their revolving credit facility. Crew is instead focusing on production growth, and with a good balance sheet and no dividends they can direct their cash flows into drilling. They have a solid hedging strategy and 2023 production is about 42% hedged at an avg price of C$6.41/Mcfe. Their natgas production has advantage over most competitors too as it has a higher heat content, they get about 20% premium. And they produce a decent amount of condensates and oil, about 8-10% of total production. On the reserves side they have lots of undrilled acreage and less than 25% of P+P reserves are included in PDP reserves. Their acreage is situated next to players like CNRL and ARC if I remember correctly so it could of course be a takeover candidate too. Of course the company's shares won't do well if natgas stays low for a year or two but I think it's a good middle road between hyperleveraged/unhedged companies like PEA or BIR, versus not leveraged companies enough like PEY. The balance sheet, hedges, sales price per unit and lack of dividend is strong enough to support the company's plans. The other natty producer I own is Tourmaline. It's a must-own for natgas bulls imo, the Chad Thundercock of WCSB.

>>55180525
Surge apparently doesn't have a very encouraging history from a shareholder's perspective. WTI Realist absolutely demolished Surge in a recent article and even posted the full article on ceo.ca.
https://cdn-ceo-ca.s3.amazonaws.com/1i680dj-Surge+Energy+Old+Dogs+New+Tricks.pdf
TL;DR the company tends to focus on short term stuff while ignoring long term. They make acquisitions to get quick adds to boe/d but tend to ignore developing those acquired assets and leave them to decline on their own. They pay out dividends that become unsustainable and their wells in the key areas they focus on are very leveraged to oil prices. After reading the article I had to conclude it's probably not a stock I want to own.

>>55181234
Finnbro bringing the heat on the o&g production (I'm fully of witty puns today lads).
Usually talking about drilling is just so boring. Get it? Boring...

https://oilprice.com/Energy/Crude-Oil/US-Shale-Drillers-Begin-Re-Fracking-Existing-Wells.html

>According to the report, re-fracking of existing shale wells can cost up to 40 percent less than drilling a new well. It can also double or triple the output of an existing well, one fracking industry executive told Reuters.

>Economy has become important for shale drillers despite much higher benchmark oil prices because of widespread shortages of equipment, workforce, and raw materials that have increased production costs. These are up about 20 percent from a year ago, according to Callon Petroleum, a Texas-based company, as cited by Reuters.

>>55181254
>Divvys
Starting to see where these companies are paying out pretty sizable dividends desu. Not sure which ones are actually worth a shit tho. I'm with you on the philosophy of it all tho, fuck taking debts to keep a divvy rolling out. That's just dumb

https://finance.yahoo.com/quote/ALA.TO?p=ALA.TO&ncid=yahooproperties_peoplealso_km0o32z3jzm

https://finance.yahoo.com/quote/GEI.TO?p=GEI.TO

How to tell which divvy payers are worth holding senpai? Or just avoid them?

Could we eventually mine hydrocarbons on Titan? Just as a though experiment not any sort of investment thesis

>>55183051
I don't know what the conditions are on Titan but I like to think that potentially stuff like space mining can happen eventually but idk how many hundreds or thousands of years it would take to be able to do that technologically speaking. Of course, as an investment space mining is right now and for the foreseeable future, absolutely worthless.

>>55183150
there are seas of hydrocarbons on Titan, those could in theory be extracted and used with far less effort than attempting to extract metals or minerals from rock off world. Hydrocarbons are easy to break down into different forms through distillation.
Using Titan as a massive solar system gas station makes sense, but its still probably a century away from happening.

>>55183150
>>55183197
Van Allen belts exist
We will never leave this planet

>>55183025
>How to tell which divvy payers are worth holding senpai? Or just avoid them?
Basically you just need to figure out whether it's sustainable for the company to pay a dividend. If they cannot stay cash flow positive because a $300MM dividend payment is bogging them down during a sector low, the company has become too overconfident. You have to figure out how much the company will make from their operations, how much goes to CAPEX, and how much goes to paying off debt and interest first. And THEN you need to ask "Can they keep paying this dividend that they're promising to pay?" Many natgas producers right now are just straight up losing money and cannot afford paying dividends. Besides, appeasing shareholders in the short term with divvies and buybacks can cause problems if it means the company foregoes capital spending -- which is necessary due to natural production declines. A badly managed company will resort to issuing equity or taking on debt in order to keep drilling, or they make acquisitions (usually at a bad timing and price). Surge is a prime example of a poorly managed company in that regard, as pointed out by WTI Realist. Tourmaline pays a base dividend which is well within the boundaries of what they can afford, and they elect to pay a special dividend in case they have extra FCF they can distribute to shareholders, all the while investing in their operations in a prudent manner and making acquisitons counter-cyclically.

>>55183234
> A badly managed company will resort to issuing equity or taking on debt in order to keep drilling
let me clarify, using debt to fund operations isn't a bad thing. I should have said "taking on debt in order to pay for divvies and buybacks".

https://www.youtube.com/watch?v=LZK9XthMZ1w

Bob probably knew this guy

>>55184280

>https://www.rigzone.com/training/insight?insight_id=295

>https://geology.com/articles/horizontal-drilling/

>https://drillers.com/directional-drilling-everything-you-ever-wanted-to-know/

Took awhile cuz I didn't bookmark much but I figured out how to search to find the articles I had on that laptops internet history. Turns out, they thought ahead and put a little magnifying glass up on the header bar that can be used to search since it's clickable.
What will they think of next?

Some of these articles are super short. Others a little more in depth but still article lengths, not too dense or laden with heavy jargon. Some things will require a primer or some basic knowledge already because once they start using acronyms to shorten it up they only use fucking acronyms. Sloppy slope almost no middle ground of reading material that I've seen or found. It's sesame street style to Dr strangelove

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

https://minerals.nv.gov/uploadedFiles/mineralsnvgov/content/Programs/EO/TM9-12%20Drilling%20For%20Energy%2009-12%20FullPacket.pdf

This is a .gov link so you know it's safe and full of glowniggers. 200+ pages. I haven't read it all but it's worth the effort

https://jpt.spe.org/shale-refracs-next-big-thing-or-a-piece-of-the-big-puzzle

I feel ice posted some of these before. Don't wanna look in archives and confirm cuz literally doubles the work

Anyway

https://www.aogr.com/magazine/frac-facts/economics-favor-refracs-of-horizontal-wells-in-unconventional-plays

https://www.refracturing-wells-conference.com/booking
For a stack anons could make this conference in south Texas on refracking. Chances are it's the virgin and Chad meme. These horse faced mountain women haven't ever seen a jawline on a real man. Well skip the morning shit and go scuba diving. Show up at lunch and get falling down drunk the rest of the day. Blow lines and pound pussy like it's a schnitzel fucking all night. . . Do it again the next day for three days in a row before we cross the border and hang out in a Mexican brothel and lick our wounds.
Maybe do a little fishing or diving in mexico too

>>55186164
All the super early bird tickets sold out.
Could be cool, but Houston is a shithole.

https://www.refracturing-wells-conference.com/speaker

From the page listed above

The ability to refracture low-producing shale wells offers new hope in reversing operations. While, over time, the production curve of a mature well approaches its decline stage, as most horizontal wells will only produce at a fraction of their initial rates, large volumes of unrecovered reserves remain within the rock. The trapped resources could be released through refracturing, allowing operators to maximize production from existing assets without drilling and completing new wells. If the output is declining in an oil or gas well, and initial fracturing has already shown sizeable production, then repeating the process through a refracturing process could provide a boost in production and an enhanced rate of recovery.


The technique is further supported by the fact that many first and second-generation wells were initially drilled with fewer stages and much less proppant than is used today. Now with a higher density of perforation clusters and larger volumes of proppant, it is conceivable that these older wells would see a significant boost in production and at a much lower investment. However, stimulating new rock by refracturing is not without its challenges, particularly for today’s long horizontal wells with multi-stage completions.

>>55186247
It's south Houston at a resort probably not far from the south Padre islands. Scuba diving heaven. I've got tons of scuba gear. I'm an instructor and cave guide so it's all good gear too

>>55186287
Yeah, looks decent.

>>55186459
Are you scuba certified?
I've gotta get my big ford out of the shop. I'm moving away so I'll be packed up for the summer and ready for hunting season. But I'll just skip hunting season and drive to playa del Carmen to finish my tech diver class after a pit stop in Houston for this thing.
I got a buddy in south Texas that can probably line us up with anything we need for fun. If you like to party that is.
The expense is enough to warrant being ready to rock and roll tho. Like being well read on this shit, which I'm certainly not.
But I bet these guys could provide something in the way of literature or even last years minutes or whatever .

You trying to go? I'd be driving from Oregon

>>55186929
>Are you scuba certified?
No, I swim like a brick.
>You trying to go?
I haven't planned anything for September so it's possible. We should get the whole board to show up and run riot over the place.

PMET broes, say it ain't so!

>>55187020
>swim like a brick.
Drift diving. I usually fall asleep and run into something but other than that it's not dangerous.
>/biz/ rup riot
I don't really browse the rest of this board so Idk what kind of characters we have. I imagine it being like the rest of the site and everyone is larping and is the exact opposite of whatever the premise is.
So everyone on /biz/ would be a degenerate, compulsive gambler with a head full of green dildos and a pocket full of dreams. Like /k/ is full of gaymers larping as operators, /pol/ is full of commies larping at natsocs, and so on.
We should invite /b/

>>55187194
>/biz/ rup riot
My bad, meant /cmmg
Was thinking about incorporating CMMG Inc or some such and going there larping as frac operators

>>55187226
Oh shit nigger!!!
That would be the way to get tickets but none of us know shit. I'll buy bobs ticket if he can larp as the boss so we can fuck off all day. We've got the summer to plan it.
It would be an island of misfit toys

>>55187226
Fuck it. I'm leaving the club high and dry and I've got 10k per month coming in until Sept first. No way I'm gonna piss that much cash into the wind. I'll buy two tickets if you do. This way we can have enough for a crew and can add to that if needed ?

>>55187147
I can't believe climate change got our lithiums before we could... it's too late broes the world will literally melt now and it's all because of greedy big oil sucking our planet dry and causing forest fires

It's near Galveston. I'm not diving that shit. Gross. We could go fishing tho. Get there a couple days early and hit the dick so we can. Catch our limit before the conference. Get our feet wet out at the local watering hole. Throw stuff off the bridge ...
>Picrel
It's a sign bro

>>55187700
Oops wrong pic
>RWGO4
Yeah . Kek has spoken

I reached out just now
We'll see what they say

>https://jpt.spe.org/changing-equation-refracturing-shale-oil-wells

From the article

After a refracture has been done, the next step is to find out how it went and apply the lessons learned to the next job. Mike Flecker, president of ProTechnics at Core Laboratories, said the company is mining its diagnostics data from the dozens of refracturing treatments that it has worked on using proppant tracer technology.

The company thinks that by identifying the correlations from the best jobs, it can help develop a refracturing prescription that might include how much proppant to use, pumping pressures to apply, what fluid volumes to pump, fracturing rate, and type of diversions needed. But just like a medical prescription, the exact nature of the treatment will depend on the patient. “There is not going to be one cookie cutter answer,” even for the same sections of a field, Flecker said.

Proppant tracers are often used to tell if an “undrained” area of the reservoir was accessed. This provides confidence that new reserves have been added as opposed to accelerating the production of existing reserves.

If an operator used proppant tracers in a well’s initial completion, then the data may be used to establish a baseline for future opportunities. When proppant tracers were not used, Flecker said, “it becomes even more important that you do it on the refrac because that is the one that has even more variables than the original frac job.
..............

Leave the next morning on the first flight to coastal NC and catch two nights of widespread motherfucking panic

https://m.youtube.com/watch?v=isob5__9-l0
This seems like ages ago now.iss them guys

>>55188017
Forgot pic

>>55187147
>>55187637
ah fuck the forest fire situation is pretty bad (thanks to all those random fires that appeared all at the exact same time). Nova Scotia shut down all outdoor activities for a week due to the random fires.

>>55188452
I found these guys PM
>>55179501
Disregard the name I was picking on that kid. Ensign does the directional drilling we discussed also I put a bunch of info up today

>>55188498
oh sweet than i ll have to have a look at what their working on. Directional drilling is the future of the exploration sector.

>>55188704
https://www.ensignenergy.com/wp-content/uploads/2021/04/Ensign-Directional-Drilling-Canada-2016-updated.pdf

It's a pdf that's like five pages from them
Here is the page it's from their site
>https://www.ensignenergy.com/services/

>>55188920
thank you! I am off to bed but i ll keep it open in another tab for tomorrow!

>>55189152
G Night senpai

>>55174334
It's easy to say stocks will go down in a bear market. Nothing impressive. You're giving him too much credit. For every good idea he has (which isn't that good, its only "stock will go down")he has retarded ideas in equivalence. The good calls will be when the bull market picks up and we find out who made the best calls.

For me it's encore energy.

>>55172588
Justin officially called the bottom today.

>>55174943
But why though? On what news? This is why I hate this faggotry.

>>55175950
I'm 6'1 you faggot nigger.

>>55180132
Do athabasca

>>55180163
$50

>>55187700
I was in galveston two weeks ago and can get there relatively quick.

>>55189243
Picrel
It's outperformed with regard to changes in oils price but still makes moves relative to it. I don't have a formula just looking at the correlations
>>55189216
You're 5'11" with the mohawk up. Don't try to bullshit us
>>55189257
You know anybody there to take us fishing?

>>55189281
Shit

Is a 2,845 g-m intercept good?

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2830-tsx-venture/nfg/142605-new-found-intercepts-105-g-t-au-over-27-1m-at-iceberg.html

>>55190650
Amazing

What was George Gammon implying with this image?

>>55189192
Et tu, red? :'(

>>55190701
that hit is so big NFG might go up close to $1 today, but they are pumping DXY so who knows. new video, but doesn't include today's intercept

https://www.youtube.com/watch?v=yfW8RKgmIXY

Increased my salt bag by 30%, comfy hold. With TPR in the picture this is basically a government payday waiting to happen.
Still hoping it gets fucked down to .60-.80 so I could double my position.

>>55191888
Would u be willing to give a retard like me a run down on the salt thesis?

>>55191888
check & based

>>55192148

In a nutshell:
>Salt resource so big it's basically infinite, according to the conservative PEA after 30 years of mining they'd still have +90% of the salt in the ground
>Going to be the cheapest salt producer
>Located right next to the sea with deep water port access, they can conveyor belt the salt straight from the mine into a boat
Basically infinite resource and piss cheap to dig out.

But even more interesting is the Triple Point, which is a spinoff company from this.
They took part of that huge salt deposit and are going to turn it into hydrogen cavern storage, which is pretty much essential for the entire region.
Government will be turning the area into a green energy wind farm and they'll be producing hydrogen in there.
They already got Germans and Koreans throwing money at this too, so it's a thing of global interest.
The entire Western world is pushing really hard for hydrogen production, because it's necessary for energy storage from renewables. Battery tech shit the bed and didn't improve fast enough to allow for that kind of energy storage cheaply enough.
They need salt caverns storing all of that energy.
Triple point will basically be swimming in global government money as it turns into the local hydrogen hub and Salt owns 27% of it.
EU alone has dedicated about 60 bil into building salt caverns, so there's a lot of money in this.

Hard to see a scenario where this stock doesn't go at least 15-20x from here.
The salt resource alone is worth +1 bil even fairly conservatively and then you throw in this Triple Point thing which is easily another bil or more.
Not even that long of a wait either because the theme with hydrogen seems to be getting it up and running by 2025 all over the world.
It's only a matter of time until hydrogen becomes the next gigantic meme field to throw money at.

>>55192148
>No debt.
>10 million cash.
>Biggest North American salt deposit in decades.
>Close to surface, ramp access possible.
>Close to a port.
>North America runs a 10 million ton road salt deficit.
>Owns 30% of Triple Point Resources
>TPR owns a promising salt dome.
>We all are not going to drive Teslas in 10 years and even the goverment is noticing.
>You can store hydrogen in salt domes.
>Area is going to have a renewables rush. Deals already made with the German government.
>The tax payers pockets are infinite.
>TPR will store renewable hydrogen that will be shipped to NA and EU.
>The salt mine can be operated with government subsidized electricity.
>They are planning on selling the mine, but also developing it at the same time. This leads to a higher sell price.
>Selling TPR could finance the construction. No dilution needed.
>Either it is not sold and you have an operating mine in 4 years worth 1b that pays itself back in 8 years.
>Or they sell it for 600m, instant 6x.
>Bonus, Vulcan Minerals owns both and it’s market cap at the moment is smaller than the value of its holdings.

Back to the races with source energy services
It'll never dip far enough to buy more will it?

https://ceo.ca/@businesswire/new-found-intercepts-105-gt-au-over-271m-at-iceberg

Another MASSIVE hit.this is going to easily be the biggest gold discovery canada has ever had.

So nobody wants to got o Galveston and tag team this downy with me?

>>55192359
>>55192516
So i have a small salt position but I've been looking for a pure hydrogen play like plug power. What's your guys'opinion on buying more salt for hydrogen exposure vs. splitting for plug/salt?

>>55192849
I've been looking into hydrogen uses to replace or use alongside diesel applications. There's not a ton of info out but it's coming around. Naturally, like any other tangible resource, it requires harvesting, storage, transport, etc.
I'm going to look for a single aspect i side of these factors and pounce on that. Triple point for storage is nice to hodl but I'm not really interested in storage as much as producing or the tech applications it powers in the field, because I see storage and logistics as a potential for mishaps/regulations. I'm a worry wort like that tho
My two cents. Hope this helps anon

>>55192799
checked

>>55192799
I'm low on dry powder, but added a little as soon as I saw the news release this morning

>>55192359
>>55192516
Good stuff frens, I'm really looking forward to when Triple Point becomes publicly traded, Salt bros could see a very nice jump that day.

>>55192799
Bigger than Canadian Malartic? Doubtful. But very big yes

https://www.resfrac.com/

https://m.youtube.com/watch?time_continue=1437&v=J2dLMuhSDHA&embeds_referring_euri=https%3A%2F%2Fwww.resfrac.com%2F&source_ve_path=MTM5MTE3LDM2ODQyLDEzOTExNywyODY2MiwzNjg0MiwyODY2MywyODY2Ng&feature=emb_logo

Everything you could ever want to know about fracking. Free

Man I fucked those links up

https://m.youtube.com/watch?time_continue=1437&v=J2dLMuhSDHA&embeds_referring_euri=https%3A%2F%2Fwww.resfrac.com%2F&source_ve_path=MTM5MTE3LDM2ODQyLDEzOTExNywyODY2MiwzNjg0MiwyODY2MywyODY2Ng&feature=emb_logo

https://www.resfrac.com/

https://finance.yahoo.com/quote/KEL.TO?p=KEL.TO

Finnbro you might like these guys

>>55195132
https://finance.yahoo.com/quote/SGY.TO/key-statistics?p=SGY.TO

Select sand down 35% today

a new website just launched

https://triplepoint.ca/

>>55192359
>It's only a matter of time until hydrogen becomes the next gigantic meme field to throw money at
wagmi

>>55195132
they're on the DD list, will look into later
>>55195171
Surge has a storied history of demolishing shareholder value so probably not something I'm interested in owning. Basically just a company for torque on oil price if you're into that

>>55196345
Didn't plug recently make a few deals in the EU? Is there any counter argument for DCAing 50/50 into PLUG/SALT?

>>55196345
What's the QRD on hydrogen power. Is it actually cleaner and more efficient or is it like solar in that it requires heaps of energy to make the end product? Could it viably replace other forms of energy? What are its limitations?

>>55197168
The purpose of hydrogen is as a fuel - i.e. energy storage and release. Producing it via electrolysis requires energy, either from fossil fuels, nuclear or renewables. Electrolysis is also quite efficient, but traditionally requires rare earth electrodes (e.g. platinum).

Combustion in air releases only water as waste, so it's as clean as the energy you use in its production. The main limitation is that the gas is highly volatile, so storage, transport and usage as fuel all present difficulties.

>>55197486
Good qrd
Hopefully we'll have a breakthrough in production that eliminates a lot of transport and storage, bringing production capacity as close to the end user as possible. The last mile so to speak would be literally a mile away from the first mile or something like that

Trican has the greatest amount of correlation here against crude prices. I wanna get in while oil is cheap too.
Some big brain wanna give me a price buying target for entry while it's down?

Where is this faggot today?
Instead of being liquidated, I started taking profits.
>BuT bArRy FiTzGeRaLd WrOtE aN aRtIcLe

>>55190650
holy shit, thats an incredible intercept

>>55194048
thats going to be one of Canada's premier gold mines, its just a matter of when now.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/681-tsx-venture/dv/142628-dolly-varden-silver-s-45-000-meter-drill-program-underway-at-the-kitsault-valley-project.html

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/933-tsx/sea/142287-seabridge-gold-s-2023-iskut-drill-program-ramps-up-focused-on-making-new-copper-gold-porphyry-discoveries.html

The summer drilling seasons starting up again in the Golden Triangle!

>>55197168
Hydrogen is the future. There will never be f35 jets with electric battery packs nor tanks with lithium. Hydrogen produces more energy. Also think all the oil nations converting to hydrogen.

>>55197168
>What's the QRD on hydrogen power.

https://www.youtube.com/watch?v=lQac088fZaw

https://www.youtube.com/watch?v=CgWHbpMVQ1U

https://www.youtube.com/watch?v=A7Ly1Oh-xvs

https://www.mining.com/web/wesdome-names-anthea-bath-ceo-in-industrys-rare-female-hire/

Short WDO

>>55193607
Very noice

>>55193607
That's awesome kek

>>55198193
At least get some qt, ffs, not this hag.

>>55197924
>>55197486
Thanks for the inpu guys.

>>55197933
Kek yes that's what I'm wondering too. I seem to recall some attempts at hydrogen powered cars in India were extremely explosive. All good until you get in a fender-bender. I wonder how they will attempt to mitigate that

wat's the latest from Rana and Blue Lagoon?

>>55198390
Weren't they supposed to be producing by now? they also seem to be drilling at a snails pace. At least rana's village is eating good.

>>55198430
>>55198390
their really slow lately for news but they were very happy with what they were seeing at Boulder Vein in May.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2710-cse/bllg/141966-blue-lagoon-sees-potential-for-1m-ounces-gold-along-boulder-vein.html

It seems like they finally got around to sampling the alpine veins, where those historic test trenches, shafts and adits are located as well. The table in above link has some pretty interesting chip samples from that area of the Dome, very similar to what i used to see up there as a kid. I thrilled to see Ptarmigan finally getting a proper look, I wonder if they found the ruined camp and ore stockpile from the 1920s workings I used to highgrade.

>>55198560
But how have they not tested the potential of the boulder vein yet? how many years does it take to check if you have a million ounces or not. It's like they drilled 10 holes in that vein in 3 years.

>>55198578
yea thats a bit frustrating, I think their worried the Boulder Vein isnt as good as they hope it is, and are slowly creeping along to keep it in high hopes. Its annoying because they have a lot of other potential spots to drill or even sample, but just crawl at a snails pace over the same area.

>>55198341
I really don't know much about hydrogen but it does seem it's destined to go ballistic with the green push so I'll try to front run the leftist retards with some salt/vul/tpr. It also seems like the kind of nonsense that BlackRock and institutions will jump in driving the mania to potentially insane levels. Hopefully, there have been some safety advances in the century since the Hindenburg.

>>55198615
Probably. I remember they had a lot of cash back in 2020. Very weird how they just seem to have been doing nothing at all. Being in the C suite of a company like this must be pretty sweet.

>>55198835
I am wondering though if their just taking their time because they have a known resource and are hoping to keep skimming by waiting for the right market conditions. Remember how many other juniors that pumped out news all the time, then absolutely tanked and had hard times recovering were around in the last 2-3 years? Blue Lagoon's been quietly chugging along, generating results, but not really making massive news like you would expect.

Their office is down town Vancouver by Tim Hortans on Pender St, probably a pretty small shop.

>>55198932
Perhaps the idea was that they were to use that money to start up the mine, and permits just kept dragging on. That's why it would be so much better to have like 5 of these projects in a single junior to cut 80% of the G&A. They must just sit around and twiddle their thumbs.

>>55199239
>They must just sit around and twiddle their thumbs.
For many officers of these companies, it's just a side job.

>>55199239
yep most of their guys are probably bored out of their minds

>>55199262
Nice side gig making $100k+++ doing nothing at all.

>>55199262
I'm on the fence on this. I've seen some CEO s taking a zero less than CFO or coop. If your time is worth moonlighting at another firm and you don't have a NDA, why not?
>Donna, secretary at hatmule mine, sells every share she's paid with, immediately or sooner, every time
>Donna is secretary for more than one firm
Mfw

>>55199264
I got that joke

>>55199364
Non competitor not NDA
I'm drunk. It happens

>>55199364
Donna Moroney?

>>55199416
Idk. Someone made memes about it. There were tons of memes that came from that period íukuk

here we have it bros

Twelve companies here
52w range and market cap in pic
Anyone care to rate them? These are all 500-1500 burger worthy baggers I've bought or considering buying.

>>55199746
I mean I would put 500-1500 burgers into one or another. Not 500-1500x companies. That would be dum.

>>55199462
>>55199416
Viola MacMillan, a legendary saleswoman from the early 40s and 50s in Canadian Mining in Ontario / Quebec.
She managed a property that pump and dumped, got caught, spent time in jail and returned both vilified and loved in mining circles. Shes famous for walking into jail with a Cruella De vil style fur coat on, like nothing was happening.

>>55199416
>>55199898
Sorry
Donna is the bayhorse secretary
I was shiptoasting

>>55199746
I rate that list OFS/10

>>55200445
ha missed that but still funny.

>>55197486
>rare earth
>Pt
choose one

>>55189281
You can do pretty good off a pier. It's all about knowing which bait to use. You want live bait either on a Carolina rig or free line it with no weights or floaters and just let it swim. Don't do party boats. They suck ass. Whenever you fish make sure you throw a crab bucket out too so you can catch some blue crabs.

>>55190650
Yeah but snowline is better though. It's in the artic circle and they have to be flown in with helicopters and there's no infrastructure. Your stupid inevstment can't hold a candle to that.

>>55191387
Stop saying my stocks wil go down and I won't start shit.

>>55170435
I just bought in, which symbols should I be looking out for?

https://www.youtube.com/watch?v=E_S6Sh8Ouj0

The reason the underground miner is called Jack is an old one. Cornish pumps, the same story. American mining started in Cornwall.

>>55201495
solid dd bro

>>55201495
>>55201890
got some more based on your dd, thanks fren

>>55201495
best thing is we're still early

>>55202071
>still lot of upside
>500MC and 1.2B MC
I love this guy but he sometimes is a retard. You have at most a 2-3x from here which is a 15x or more for people early like >>55201890

He's just baiting new people or aim at people with big capital who don't want big gains.

>>55202155
Is 2-3x not a lot of upside? I doubt anybody here has made 15x returns on an investment, let alone 10x or 5x. Upside potential should also be weighed against downside risk, always.

>>55202859
That's not a lot not when I invest in miner. There is so much risk that 2x is nothing. At least be clear about it, don't say "lot of upside" when talking about miner. We are adult, we all know what that mean about miner, he is baiting people.

>>55202155
>>55202859
>>55202896
10x from here frens

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2961-tsx-venture/sgd/142710-snowline-gold-announces-on-market-transaction-by-b2gold-increasing-ownership-stake-to-9-9.html