/biz/ - Business & Finance

another strong day for Bayhorse today

HODLERS WHAT ARE YOUR POSITIONS?

>>57051966
550k

>>57052142
based

>>57051966
100k

Any of you ever bother to transfer your polymetal shares to Kazakhstan?

>>57052824
you can do that? I have a shit ton of norilsk

https://www.mining.com/web/china-bans-export-of-rare-earth-processing-tech-over-national-security/

>>57051870

really slow week i guess.
I hope everyone is getting ready for a good Christmas and New Year!

>>57051870
Putting Bayhorse in the OP is asking for all the FUD and hate from naysayers.

>>57054128
They can cope and seethe, it's okay

>MORE BHS WAGMI PRESS

>>57054464
>$658,000 on helicopter lessons
>permits in two more weeks, for realsies this time
>we were doing literally nothing before Hercules pumped 44km away
>btw we're a copper mine now
>t. GO's literal pal
Is this a satire article?

>>57051966
100% BEX

What do you guys think about Benton Resources?

>>57054691
pay up, pigs

>>57054898
Why don't you tell us since you're so heavily invested in it? You must really know your shit to have that much confidence in a company post-pump.

Break it down and give us the exact reasons you're all in. You're not just gambling and chasing green dildos, right?

Heard you niggers loved mining. You checked out some btc mining corps ? Riot, cleanspark, mara, 8 hut ? You are missing out

>>57054991
We like being scammed by Canadian junior mining ceos here thank you very much.

>>57054970
It's pretty clear to me it's going much higher.
They have some of the highest grades, are constantly drilling and releasing results, have lots of cash etc.

>>57055722
That's not detailed at all. How much is "much higher"? What are the "highest grades"? How often is "constantly"? How much is "lots"? I don't think you know shit.

>>57053336
Nice, good luck making any EVs with neodymium for the engine magnets

Eric Sprott 2024 is our year for real this time.
https://youtu.be/WupEWyvirfM?si=KH3ML95Jri9P5gRe

>>57055825
>How much is "lots"?
Lots!

>>57053336
PAN MAN what do you think of the recent developments at Dolly Varden? I know you keep good tabs on them being that they are based out West

>>57057148
I am really interested in seeing what happens on their end this coming year. Their supposed to be making a plan on if their going to operate their project themselves or do a buy out with Hecla. They have a very tasty permitted location for a potential toll mill site which could run material from a number of nearby properties if built. They had a pretty good exploration season this year, and just aquired some more ground on their big bulk copper property as well, so over all pretty good but they need to figure out if they are going to mine or if their going to do it with Hecla soon. I cant recall whos working on Kitsault Moly but that had some rumblings about restarting as well recently, loads going on in the Arm of Ghosts lately.

>>57051966
270K shares

>>57054691
It really does read like satire, especially when he claims that BHS will now have money to pay for "deep drilling." Even the tranny fucker doesn't claim that.
He might have funds to conduct the geophysics, but I doubt he'll even have enough for the underground program, let alone deep core drilling. This absurd notion was previously exploded here.
The writer of this puff piece is either utterly incompetent or willfully lying. Look at another of his picks -- KLM.v -- a joke of a company run by a failed mining journalist which has to pay for everything with shares.
This industry preys on the retarded.

>>57057267
Yea with the price of gold where it is (and potentially heading upwards) it makes it even more desirable for small companies like DV to continue developing properties and building out operational mills to cash in. DV might not have a good AISC
at $1800 spot, but $2000+ is enticing. Helca has to do something to prop up their revenues since that has been stalling this year compared to the past. So partnering with a junior could add a stream and boost the profiles of both companies.

Geologically, they claim to have skarn copper deposits which is great but the best economic skarns are calcite exoskarns and I’m not sure if that’s the type of skarn found in their area. Are calcite exoskarns typical for the Golden Triangle? It is a subduction zone, so there should be skarns in general.

>>57057885
i am not exactly sure if their copper skarn formations are calcite hosted, i cant recall off hand but i can have a look again. Generally though the skarn formations you see on the coastal sections of BC are heavily altered by later weathering and or modified by other tectonic activity, often enriching them further with quartz breccia hosted sulfides. On Gabriola Island for example you often see copper skarns riddled with later poly metallic veining by late intrusive quartz, which made them extremely enticing towards mining, but their extremely tough rock made them uneconomical to mine.

>>57054040
Pan Man, what's your take on the Bunker Hill mine restart? They are putting in like $50 million US and seemed to be making real progress, but is there anything worth mining? They are only about $0.08/share. Or is it just another dead horse.

>>57054128
>naysayers
you must be one of them really smart fellas who made a killing on Bayhorse producing all that silver from the world's richest ore deposit? How many millions did and Graeme make?

>>57051870
>check biz for first time in a few months
>catalog search silver
>cmmg is still being bot baked and the OP is shilling fucking gayhorse going on 4 years later of that jew anon namefag and his fellow shill ilk astroturfing it endlessly
Kek. Never change. Still shilling and chasing a penny stock pumpndump with no liquidity and still nothing mined after 4 years of their "TWO MORE WEEKS" press releases and zero credibility and share liquidity now. You guys are astoundingly retarded, even more than the plebbit baggies on here still coping and hoping that gme, bbby, amc, and bb will turn them and their $1000 into billionaires... also 4 years later... What's the going rate for Graeme's couple shills still hanging on, or has he ran outta money for them and they do it for free now?

>>57054464
Oh my fucking sides. Bahahahahahahahahahahhahahahahahahahahahahhahahaa!!! Better update those memes to be a copper gayhorse now ahahahahah!!!!!

>>57051966
700k+ plus shares.

>>57051966
400k+

Daily Hedgeless Horseman copium.

https://youtu.be/LDoZ7pX3OpE?si=5RZ4IX_J4hwk0gsE

https://ceo.ca/@newsfile/founders-metals-discovers-new-parallel-zone-hits-145
>Founders Metals Discovers New Parallel Zone; Hits 14.5 m of 16.26 g/t Gold and 26.0 m of 4.86 g/t Gold
You could have bought 50% lower last few weeks when I shilled. Now a 4bagger.

>>57059369
Congrats man, what else are you looking at right now?

>>57059372
Grand Portage. They have 1m high grade gold, very cheap I think. They're drilling to double it. Will buy next week when paycheck hit.

I'm trying to buy shit backed with resources that can grow.

>>57058516
hard to say, i havent heard much out of them either, but its probably to do with waiting for permitting and approvals from the government. They were building a new mill setup, dewatering and rehab in upper levels of underground were done. Bunker Hill still has a lot of ore to work with, so its not lack of resource holding them back. I think its going to be a while til we hear anything major from them.

>>57059400
Doesn't seem to bad with 1 million indicated and in Alaska. They have 1 million in their treasury. Will that be enough to last them through 2024? Will they need to do another PP. Any other things coming up. Also it looks like at one point crescat capital looked at them even though I don't see them currently on their Investor positions on their website. Anything change since they invested?

Kitco is still down.
It's literally over.

David hunter gold is going to moon in two more seasons.

https://youtu.be/L5grtd7Am80?si=smOQ6yrTwT_F3ksq

>>57057842
>willfully lying
If he's GO's buddy as he claims he's probably lying on his behalf. Much harder to get in trouble for lying about your company if you just pay some reporter to do it for you and maintain deniability.

>>57057092
You don't know anything about the companies you're gambling on, you're just a pumper fresh in the thread from shilling shitcoins. No better than rocket red.

>>57059953
it should take all of five minutes to look up a balance sheet and he can't even manage that

>>57060044
He admitted a few threads ago he was massively overweight in Benton and crying about the gold price not being a straight line up. He's literally fresh off the boat from flipping shitcoins thinking he's found the next easy ride, and unironically thinks his shilling to the <50 posters that frequent here is going to affect the share price in any way lmao

>>57060044
>Mining companies actually have fundamentals and ways to calculate value other.

Once the crypto tards come in here it's going to be impossible to talk about anything. I bet once the PM bull run begins we will have individual threads for each mining company like we have for shitcoins now. But for now we have ONE thread that covers the entirely of ALL commodities and we can barely keep it alive. See you 15 anons at the top. Hopefully you all own a handful of the good ones and meme miners for when the Normies come piling in.

>>57059550
They already closed a financing 2 weeks ago, they're good for the next 6 months. The story is pretty straightforward, lot of good drill result, 1m high grade, good chance to double it, 25market cap, very decent structure for a junior after a 3 year bear market. Wont bet the farm, its an easy 3x once PM break out and it looks like we're close to it, just something I wanna have and throw 2k at it. They'll be taken out early imo.

I became way more conservative now and it looks like its working. PM breaking out need to be a side dish for my investment thesis, otherwise i'm not putting money in it.

>>57060085
>unironically thinks his shilling to the <50 posters that frequent here is going to affect the share price in any way lmao
Hahaha
If shilling to us 15 anons on here did anything Bayhorse would be a billion dollar market cap. I like Bayhorse memes and everyone infighting about it. Ultimately all junior miners are down (excluding some like Hercules) and can only move up when gold price breaks out for long enough. Just watch Hedgeless Horseman copium and make sure your juniors have enough cash and not too much debt that they will have to dilute you to keep the lights on.

I'm not hiding the fact that my two favorite pick right now considering their price is Copaur (talked to the CEO, lot of good shit coming) and Kootenay. People are retarded for selling.

>>57060128
>I became way more conservative now and it looks like its working. PM breaking out need to be a side dish for my investment thesis, otherwise i'm not putting money in it.
Agree. The only thing when I've been accumulating some of my favorite mining companies these last few months it seems to be impossible to get a bid in. The volume for the TSX is extremely low. I believe it would be better to get in before all the normies. Honestly, you could wait till a junior hits amazing news and then wait a week and buy at the same price as before the news because the market is so bad.

Listen to Mariusz Skonieczny about how the Canadian stock exchange has such low value.
https://youtu.be/XfWf9nrO3ZI?si=tZ2rdqwzfSBGTneU

>>57060143
What about the one in the post that you deleted a few threads ago? Change your mind or just accumulating? I won't post the name since you obviously deleted it for a reason, I'm just curious

>>57060143
>Kootenay
Isn't that in Mexico...

>>57060170
its a position i'm taking (and GV too). Deleted it because its leaking and I should be more disciplined about it. Since you saw it, you better buy it imo. Thanks for not putting the ticket.

You have an interview on resources talk with the CEO 1 month ago who explain everything clearly about why.

>>57060179
Yes but i'm pretty diversified so I dont mind.

>>57060185
Np frenchbro and thanks. I very rarely touch anything outside of ETFs these days desu, especially after they had a pump, but I'll consider throwing a little bit at it because you consistently give good companies.

>>57060229
If ETF is your cup of tea, just stick with it honestly everyone has their own strategy. How're your return this year ?

>>57060318
Not bad but not great. Hard to say exactly off the top of my head because it is also served as income and I didn't go exclusive ETF all year, but I'm up around 10-20% on my current holdings. I'm big on oil for the next few months which I expect to do very well so I'm hoping for a very good new year.

Nowhere near your own multibaggers that's for sure, big respect for being able to separate the wheat from the chaff. I shit on junior miners a lot because most people can't do that, but I have massive respect for those that can, it's just not my preferred brand of autism, I stick to ETF memelines.

>>57060416
GV does the hardest part honestly, his DD is top tier. I just separate when he talk his own book (mostly in lithium imo) and picks that fit my profile. Learned the hard way there is no free information on the internet.

WAGMI brothers.

Are we back boys? Going to all time highs?

>>57060558
>GV does the hardest part honestly
And Gary-sama for me lol
>Learned the hard way there is no free information on the internet.
100% brother. Though I try my best to pay for education rather than spoonfeeding so I can ultimately sustain myself. So far so good but these things take time and most importantly, effort.

>>57060558
>GV does the hardest part honestly, his DD is top tier
The majority of people don't know GV's failure that immediately preceded each pump. In the case of Kootenay, he abandoned Mantaro Silver that he had gone full retard on and got in on the pp at over .40 and later sold after all his pumping failed and he took a massive loss. He then opened Kootenay with what little he had left

>>57060606
Yes, Gary says that gold is the place to be in 2022, I mean 2023, wait...2024.

>>57060558
>GV does the hardest part honestly, his DD is top tier
The majority of people don't know the GV failure that immediately preceded each pump. In the case of Kootenay, he abandoned Mantaro Silver that he had gone full retard on and got in on the pp at over .40 and later sold after all his pumping failed and he took a massive loss. He then opened Kootenay with what little he had left

>>57060558
>GV does the hardest part honestly, his DD is top tier
The majority of people don't know the GV failure that immediately preceded each pump. In the case of Kootenay, he abandoned Mantaro Silver that he had gone full retard on and got in on the pp at over .40 and later sold after all his pumping failed and he took a massive loss. He then opened Kootenay with what little he had left

>>57060802
Yeah I know, I followed since early 2020, that's exactly why I say there is nothing free. He sometimes talk his own book way too much so I just pass on the pick. Lot of valuable information but always do your own DD on top of that.

>>57060107
What is your sell target? Are you setting it individually by company/fund or by commodity price?

>>57060878
For what horse?
My general philosophy is to minimize regret and black swans when selling. My plan is to Dollar cost average out of my positions when they get to certain targets or when normies start asking me for stock tips once I make it. Dollar cost averaging out will remove regret if the stock goes up or down.
I'll probably sell a percent of my gains each week once I hit my target price for a given stock.
Also adding a trailing stop loss once a miner has reached a target price can also be another strategy.

>>57060878
>>57060951
Also for commodity price I'll look at ratios between asset classes to determine if something is too expensive or cheap. Good ratios to look at are the gold/DOW ratio, gold to median price house, gold to silver ratio, price to earning ratio for stocks. Having a strict monetary price can be deceiving if the value of our money is decreasing rapidly.

>>57060808
GV is pretty diligent now about cleaning up the twitter evidence of his failures, but you can still often see the remains of some of the carnage

>>57055602
NGMI

>>57051870
>Cowboy bought another 1.6 M shares and 2.6 M warrants
Are we winning? Is it really happening?

>>57061093
What a comfy Christmas Bayhorse bread

>>57061093

>>57061009
I would also check the stock to specific commodity ratio as well as the stock to specific ETF ratio

Probably gunna get smashed at 9:30 but this is still impressive

Kitco still down.
All those people who bought metals from them will be getting visits from Tyrone and his friends.

https://www.mining.com/northern-dynasty-closes-17-million-in-financings-to-support-pebble-project/

Northern Dynasty is still kicking!

Haven't been here in a while, is SALT still being discussed?

>>57059369
>up 15%
5 bagger is a matter of days considering how thin the book order is. Institutionnal are taking a seat, its confirmed by a few insider now.

I really hope a few people took my shill at heart. Still cheap imo. 80 market cap.

>>57060951
>>57061009
>>57061278
This helps a lot, thank you. I've missed out on profits before by being wildly over optimistic in my sell targets, I'm trying to be ambitious without being delusional.

The kikes are smashing silver with everything they've got to try to spoil Xmas

uranium casually reaching $93 a lb and nobody else is talking about it

we're so early urgainiumchads

>>57062590
most of us got burned buying juniors
maybe next time i will take a closer look

>>57063847
Got burned too anon.

I started investing in miner September 2020, I was a full physical before that. I would have been +50% on the gain side by just jerking off to my pet rock instead of being dilluted to death.

On a positive note, its a good I had all these bad experience in a bear market, i'm now completely armed just in time for the real bullmarket. Pump & dump, dillution, greedy CEO swinging for the fences, I tasted everything. Priceless lesson and now solid portfolio.

Loss can be made back. Lesson shouldn't be ignored. Giving up is the worst choice. WAGMI.

>>57060085
>>57060044
>>57059953
I rarely make posts in these threads and when I do it's just a sentence or two.
Why are you so angry? lol

>>57060085
>thinks his shilling to the <50 posters that frequent here is going to affect the share price in any way lmao
also I'm just wondering what people here's opinion are on the stock?
Is that harem here or something?
relax

>>57063962
What's your process when you seek out companies?

>>57064162
>>57064175
>I rarely make posts in these threads and when I do it's just a sentence or two.
It's always the same sentence or two. You can't contribute literally nothing then expect to not get called out as a faggot, faggot.
>I'm just wondering what people here's opinion are on the stock?
You're shilling it with nothing to back it up except shitcoin-esque hypewords. You've still posted nothing about the company that warrants any real discussion. Go fuck yourself, shitflipper.
>relax
Some people are just cunts and I'm one of them. If you're going to hang around these threads you have to stop being such a sensitive little bitch and deal with it.

And yes, being a retarded newfag is haram and you will taste my shoe if you don't lurk moar or DYODD

>>57064235
honestly, its very hard to find yourself a company thats not known. Big money is very advantaged here since they're connected to CEO and broker. They are always the first seed.

Interview and article are your best bet. Also following smart people on ceo.ca (very few are) and looking on what board they are lurking. Wind for example was on both PMET and BIG before the pop, very old and smart geo.

I watch tons of interview both when going to work and at work. And at home too, always have on on my 3rd screen.

>>57064595
>honestly, its very hard to find yourself a company thats not known
Yes, it actually takes work.
By the time you hear about it in your videos, it's over.

Last year was thinking about new ideas. Stacking this year and moving on. Its been balls but learnt alot in this time. Best wishes for the new year. As long as you don't blow your account in theory one should come back stronger and better. Keep learning. Shill me small cap developer to look into. One love rudeboyz. Fuck jews and muzzies. Only one religion has christmas

After 3 years, went from 100% to only 21.43% of Silver in my PF.

I need to bring that shit up. Copper make 36% after BIG going 10x. Will sell 20% after their next NR (CEO said around christmas).

I can smell it, the mother of all breakout in PM

>>57052824
Yes I actually got my poly converted to paper certificates, thanks for the reminder I'd like to buy some more of that shit. Schwab handled it all, I don't know the process, but they got mailed to me from Ireland kek

>only 257% until we break even

>>57065868
>not knowing how to DCA and failing to buy at 0.01
your own fault

>>57066068
>your own fault
Not my problem.

Crescat Capital mining updates start at 39 minutes in.

https://www.youtube.com/live/_YL9aY8GOZg?si=xlnR47NLGZuaTxRY

Costco is selling silver to normies now.

>>57066224
How much over spot? I live in the country so a membership doesn't make sense, unless the deals are really good.

>>57066193
>Crescat
Overrated manlet.

>>57064527
Imagine gatekeeping mining stocks.
I never said I knew a lot about mining stocks, I'm kind of a beginner.
If you get upset over my ignorance, imagine how mad you will be when GDXJ is at $100 and newfags from all over the board come to this thread to ask for information.

>>57066490
>If you get upset over my ignorance, imagine how mad you will be when GDXJ is at $100 and newfags from all over the board come to this thread to ask for information
We already have a private telegram group just for that reason. We have prepared for that moment so that we can still be able to communicate even when the normies start flooding in.

I do agree with >>57064527
Try to learn about the mining stock you are shilling before just shitposting like it's some crypto. At least have a video is share that we can watch it and make our mind up for ourself.

>>57066490
I am /cmmg/'s official gatekeeper. Appointed safety officer by our resident millionaire. For thread safety you cannot pass without taking a faceful of my shit. You will be detained by our cocaine-fuled security and you will submit for penis inspection day.
You're correct that it's ultimately a futile task, but I will prolong the demise of this general as long as I can, and maybe even cause retards like you to take it upon themselves to learn something in the meantime. You're welcome.

>I never said I knew a lot about mining stocks, I'm kind of a beginner.
lol
See >>57055722 and my reply >>57055825
You're being almost honest now but only when trying to play the victim. If you're new, ask questions. Do some DD, share it, let it be critiqued. Don't just post like you have esoteric knowledge in the hopes it makes people buy your bags, or shillshit like "imagine not holding this" etc etc. I even prompted you to do some DD yourself by asking you about your overweight holdings and you gave nothing, yet asked for everything. I am kind and supportive to those who want to learn or want to try to learn, but I see straight through you.

Prove me wrong, nigger. I'm going to bed.

>>57066609
>video
That's the problem here -- the substitution of real DD in favor of promotional videos or "expert" picks. Proper DD is tedious and requires disciple. How many on here believe that reading vomit like >>57054464 qualifies as DD?

>>57066609
>Try to learn about the mining stock you are shilling
I did.
It seems pretty good. I know it already pumped a bit but I think it has lots of potential in the next few months.

>At least have a video is share that we can watch it and make our mind up for ourself.
https://youtu.be/GSQugJF24B4?si=uWLGngH9vWF5jn9w&t=1413
https://www.youtube.com/watch?v=XvzMcIMqWOk
Also I check out ceo.ca/bex daily

>>57066656
man LOL go outside, there's more to life than being mad at people who aren't as knowledgeable as you

>hopes it makes people buy your bags
I don't care if people here buy the stock, it wouldn't raise the stock price at all, I just want to talk about the stock and share information. Yes, I'm excited about the stock like anyone else here is that promotes the stocks they own.
relax bro

>>57066692
>Also I check out ceo.ca/bex daily
I haven't engaged with you previously, but want to warn you about that site. It is filled with professional pump and dumpers who are extremely polished in their craft. I always take not of who is promoting certain stocks and often choose to avoid those based solely on that consideration. Always check the records of the channel "big dicks."

>>57066722
I don't trust everyone there but it tends to give a general sentiment of a stock. A lot of stocks on there have a mix of positive and negative sentiment, but on this one it's mainly positive.

>>57066656
>I am /cmmg/'s official gatekeeper.
Based. Thanks for your hard work King.

>>57066692
>man LOL go outside, there's more to life than being mad at people who aren't as knowledgeable as you
I'm not mad, I'm just a bit of a cunt and calling you out for your bullshit and you can't handle the banter. I'm actually trying to help you and it's clearly working, as you've finally posted something even remotely relevant. Keep it up.

I also likely shit on more grass than you touch. I'm in every thread because I do this near full time, and play fiddle with some groovy boomers on the side.

Bedtime for real this time, big day tomorrow. See you next ID

>>57066736
The general sentiment on CEO.ca doesn't really count for much. I could name dozens of companies where this was the case and the companies turned out to be dogshit. The sentiment is often manufactured by pump gangs who coordinate in private channels and sock puppet each other in the public channels. FWIW, go to SEDAR, start reading and understanding the filings for as many companies as you can, and don't be swayed by some manufactured sentiment. Be right and sit tight.
PS, I have no opinion on BEX. I'm recommending that you learn how to do proper DD. I doesn't come from watching videos, cheerleading in echo chambers, or following "experts," but from tedious, boring and long hard work. If you think you can take shortcuts you get screwed.

>>57066786
It's hard but honest work

>>57066791
>and you can't handle the banter
I really don't give a shit lol

>Bedtime for real this time
Merry Christmas

>>57066736
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=83097248
This post is a bit dated, but the principles still hold true. Retailers in this sector are viewed as dinner money.

There are lots of private placements which have closed this week. For a sector which has struggled with financing throughout the year, things are looking up. Be long and strong. Be right and sit tight. Godspeed, amigos.

>>57066609
>We already have a private telegram
Link?

>>57067357
Here's the link

https://pastebin.com/cepgC934

Sandstorm gold.

I know some anons were interested in this.

https://youtu.be/y9RhnBW_IbE?si=p1atxLFpd6Dw_vXH

Bit of ore porn for the evening.

Give me your best YouTube channels to follow now!!!

>>57068818
Also not one that is on the OP.

>>57065868
I sold my initial at 2x and letting the rest ride. Almost at 3x now with 250k ish shares.

Gold about to moon bros.
https://youtu.be/e8FpOVlnb-s?si=AEPQWRoR5xea-JDi

testing

Sorry I didn't save the last thread. Had a three day ban going on due to some bullshit on /pol/

>>57066820
>Merry Christmas
and to you

Christmas bump

Coal bump

>>57051870
pm sisters bump

>>57070034
Jannies are the worst like that

>>57071970
Why is platinum waifu so beautiful bros?

>>57072622
gold>copper>silver in that pic anon I’m sorry but you simply have shit taste.

>>57072622
Because platinum is always gorgeous
>>57072485
Thanks, fren

>>57072622
>platinum, my worst performing miners

>>57072989
Very nice desu. Thank you for this.
Have a very nice Christmas and a great new year.

>>57071970

>>57073238
silver sisters...what went wrong?

>>57062279
Fairly frequently yeah

>>57073027
Thanks fren, have a good one, too!

>>57073238
>BEWARE OF ATTACK ALLIGATOR
what miner do i buy that comes with an attack alligator?

>>57073507
GATO

Encore shuffles the deck, CFO resigns

Should I go into Fortuna Silver or First Majestic?

>>57073958
Looks like Fortuna is making money unlike First Majestic but looks like First Majest has alot more torque
I think I'm going with Fortuna

bamp

>>57075173
these setups are incredible pieces of engineering.

>>57075798
It's the most efficient method of mining coal that there is, and it's only been in widespread use since maybe the 70s. The idea goes back centuries, though.
Indiana doesn't allow longwall mining due to an anti-subsidence law. So Indiana mines do room and pillar.

>>57076113
i got to see an original "JOY" Long wall setup not too long ago in Prince George, it was getting sent off somewhere but the tech didnt look much different than the one in above pic.

>>57076204
Very nice. The JOY brand is renowned, even though JOY is owned by Komatsu Mining now.

>>57075798
it does look incredibly cool

>>57076409
to think that hydraulic setup holds the back up and advances with the cutter. Thats holding up a mountain worth of rock, insane. I would not want to be around one of those jack cylinders if they failed though.

>>57076530
I doubt it's the whole weight of the mountain above that's being held, though I am not a mining engineer. The overlying strata probably have some rigidity.
Most collapses in a mine aren't total cave ins going all the way up to the surface but rather loose rock up to a few feet thick or bigger falling off the top.

>>57076558
Look into block cave stoping. It's often the entire weight of the mountain, and when it lets go it can easily cave clear to the surface. Even with extremely rigid rock.
nature something something a vacuum

>>57076558
it depends on the ground, and how wide of a cut your doing. I have heard of some mines in West Virginia where you do end up seeing subsistence all the way to surface, but those mines arent hundreds of meters down. Its a massive amount of weight either way, and this setup was ingenious for coal mining, because in the end you dont have to worry about supporting the entire mine after you have excavated, it all closes up behind you.

In most coal beds I am familiar with, the "back" rock is often only clay / mud stones or similar weak fissile material, and needs quite a bit of work to support. Watching some of those TV shows of guys in Appalachia doing 4ft bolts in the back to make their ground safe blows me away, you would need 20ft bolts and caging to make our ground "safe".

>>57076593
Yes, block caving is a very good example of part of the mountain collapsing all the way to the surface.
I was taught by a mining engineer, many years ago, that in room and pillar mining, say, if there is a 40 foot wide entry, then an arch naturally forms above that gap, just like arches that hold up old Roman aqueducts. So the surface is well supported in a room and pillar mine which has relatively narrow entries. It is the material on the flat top/back that is at risk of falling into the entry. Roof bolting helps bind layers of rock in that flat roof below the natural arch together to prevent rock falls.
However, such natural arching doesn't work with longwalls, since the panels they cut are so wide, often well over 1000 feet or 300 meters. The natural arch which would form over such a wide gap would have to be thousands of feet above it, and coal mines aren't a mile deep.
Anyway, I can't remember the ratio of how tall the natural arch is to how wide the entry is, but arching doesn't work for longwall mines.

>>57076606
Yep, shallower mines, even room and pillar mines rather than longwalls, are much more likely to cause subsidence at the surface due to being too shallow for a natural arch to form over the entries or aisles underground.

>>57076685
>Anyway, I can't remember the ratio of how tall the natural arch is to how wide the entry is, but arching doesn't work for longwall mines.
In other words, yeah, I guess the longwall shields might be holding the whole weight of the area of the mountain above them.

>>57076685
So in old room and pillar coal mines, there will be arches above the "aisles" and the aisled will be filled in, but not fully to the height of the arch, by material below that arch.

>>57076685
I worked one mine that block caved so effectively they made a glory hole on the surface almost half a mile in diameter. They're now working the glory hole as an open pit, but they have the option of opening it up at the bottom and using the underground haulage routes if they wanted to.
Took out an entire mountain, it's an amazing sight.

>>57076819
thats whats going to end up happening in 10 years at the New Afton Gold mine near Kamloops BC, they open pit operated the near surface ore body, than went underground with block caving. Once the caving reaches surface, their going to link the pit and underground via the Glory Hole it forms, as a faster way to deploy back fill material.

>>57076833
It's remarkably efficient. I don't know if Freeport has plans to backfill underground at Climax, I do know they don't have enough rock on hand to even begin the job right now. They filled an entire valley with tailings, but I doubt that would even begin to fill the UG workings. Oddly enough I've never heard a plan for what they want to do when they get done with it.

>>57076907
its probably too difficult to pump tails down into those block caved workings, it was tried at another mine whos name escapes me and they kept having material back up into operating workings.

>>57076819
>>57076833
>>57076907
>>57077078
Very fascinating stuff. Thanks, frens.
Anyone know how much good ore remains at the Climax Mine? I've heard it's estimated lifetime is only like another ten years. But is that just one of those things where they just need to acquire new mineral rights or something like that?

>>57077322
>I've heard it's estimated lifetime is only like another ten years.
depends on price. At current prices it's less than 10. If prices drop they're already out of ore and will shut down for like the 20th time.

If higher prices make lower grades worth mining, it could be another 100 years, maybe longer. They have miles and miles of mid grade ore left.

>>57077322
also they've been saying 10 more years for the last 20 years. They're not going to run out of metal, it's just a question of how long it remains profitable to mine it.

>>57077341
>>57077355
Thanks again

>>57077322
also also they tend to shut the thing down for market crashes, construction delays, price drops, and global pandemics. I've worked there on and off for 16 years now and have seen probably 7 years worth of delays. At that rate they could pretty easily go much longer than their 5-7 year anticipated closure window. It's a huge operation, but not really a fast one.

>>57077402
my pleasure.

they keep saying they're winding down and switching over to henderson, but it keeps not happening. afaik they're still hiring full blast.

>>57077409
I get offers from Freeport-McMoran all the time. Yes, they're hiring.

>>57077536
same.

if you're considering it but worried about being out of a job in a couple years I wouldn't worry much. They could shut down at any moment but that's true of any metal mine. And we have a few big ones in the area. At least climax, henderson, and also newmont's CC&V gold operation. Chances are someone in the area will always be hiring.

>>57077536
For the Cllimax Mine, I mean

>>57077572
I've actually got a date with a new (to me) coal company out east. Very good offer, will be working at multiple mines in my role. Coal, which I love, but I love all mining and it's always great to chat here with people who do and have a passion for mining.

>>57077577
Yep, they've been putting up billboards, taking out ads, and spamming social media trying to get people to apply at climax.

their biggest problem is one you and I have talked to death already. Wages aren't nearly high enough to buy a house here, if you can even find one. Climax recently bought a $800k house down the street from me for employee housing, it's clown world up here.

>>57077590
Congratulations, sounds like you're doing well. I'm not really a miner, just an enviro guy that works on a lot of mines. But I do love the entire thing. It's like an exclusive club I guess, but the work is interesting and sometimes exciting. I'm at the tail end of my career though. Another 10 years at most, and health is already slowing me down a lot.

>>57077592
speaking of wages, i ve noticed the same issue with a bunch of new projects in northern BC. Great looking mines but their wages are just garbage compared to what miners UG and surface are making back east. These companies are constantly looking for long term staff, but no one sticks around longer than a few months because they cant afford to live 2 weeks in and out.

Also unfortunately it seems safety standards are still lacking, another fatality at Brucejack a few days ago. I am pretty mad at the guys running Brucejack, they have had several high profile fatalities from shoddy work, they should know better. https://www.mining-journal.com/miners/news/4158916/newmont-suspends-brucejack-operation-fatality

>>57077592
>>57077641
Colorado is not only expensive, but much of it is nasty: street shitting, tent cities, drug addiction, ruined lives everywhere. Horrendous traffic and overcrowding. I have siblings still stuck out there.
The pay at Climax just isn't enough to justify a move there.
>>57077641
Thanks a lot, bud. What you do is key to any mining operation, so full respect to you. I'm sure you go into the mines sometimes for your work, and as it's essential to mining, that makes you a miner too. Miners aren't just people on the powder crews or operating continuous mining machines, i.e. working right at the face. Miners are all the folks who work in mines, even if intermittently, to keep the operations going.
Good luck with your health.
I have another 25 years of career or so left, but I want to work until I die.

>>57077715
shoot non pay link instead.
https://www.westerlynews.ca/news/worker-dies-in-undisclosed-incident-at-northwest-bc-gold-mine-7288779

>>57077715
I've noticed pay in the western US just not being competitive with eastern pay, not only in mining but in other fields too. Must be a cultural difference.

>>57077715
Yeah I've done about the same amount of work for newmont as I have for freeport and asarco/grupo, but you'll only ever hear me praise one of those companies. Freeport does it right.

I don't often comment on the companies that don't do a great job, or I see cut a lot of corners. I just say nice things about freeport and leave the others out of my mouth lol. My experience with newmont hasn't ever left me particularly impressed. But they're a paying customer sometimes. It's weird how different those companies can all be. I know you've seen it too.
>>57077719
Much appreciated, and yep, colorado has gone downhill quite a bit in my time here.

>>57077769
Basically, in my view and in the view of others I know, if you've had to do MSHA training for your job, you're officially a miner, in the U.S., that is.

>>57077796
that's why I usually just say I'm a miner. I got my MSHA, hell I got and MSHA number and could probably teach classes if I wanted to. But if someone asks what I mine, that's a complicated story. Mostly clean soil, air and water kek

>>57077769
>I just say nice things about freeport
and Thyssen of course. Those guys are amazing. I'd work for them in a heartbeat.

>>57077855
same here Thyssen / CMAC have been great guys to work with in the past. I am wondering if the management at Brucejack are going to get a shake down, the govs going to come down on them hard, off the top of my head i cant think of any other fatalities from a mine in BC lately other than Brucejack.

>>57077871
you know it. Heads are gonna roll for that one. In my limited experience all companies talk a lot about safety, but only a couple actually and honestly pay the money, time and attention to keep things truly safe.

I don't know the details of this accident, but I'm sure we're going to talk about it in a couple months at our MSHA refresher. It's sad and it may not be the company's fault really. Accidents happen even in the safest places. But any time someone goes home dead there's going to be waves of flak from bottom to top. That's extremely expensive, aside from the horrible press and just tragic loss to family and friends.

>>57077871
I think we talked about that before when we were looking into the revenue-virginius. Seemed like the previous closure followed a multi-fatality accident right? That kind of thing is enough to end a lot of companies, even with insurance covering the actual bill. Pretty sure newmont is self-insured so they're paying for this one out of pocket and it's not cheap. Not to mention the down time and fines they can expect. Probably going to wipe months of profit off the books, maybe years for the location.

>>57077889
I completely agree, loads of places talk safety but few actually put the effort in. And as you say, it may have nothing to do with company practices, but with this mine, there seems to be a recurring theme of complacency which has gone unfixed. Their last fatality was a poor guy whos scoop tram went down a stope, and no one noticed he was missing til at the end of shift. It took quite a lot of work to locate him.

>>57054464
>they STILL don't have the permits finalized after two years
What a shit show

>>57077923
Yes i ll have to double check but Revenue Virginius had a horrible accident that cost a lot of lives and injured a lot more, that ruined the mines reputation and bankrupted the operator if my memories right. Shut down and suspension of operating license is the minimum for a fatality in BC on a major mine site, so this is going to hurt big time for Newmont, they want to double production at Brucejack by 2024.

>>57077934
>no one noticed he was missing til at the end of shift. It took quite a lot of work to locate him.
that's horrible. I'm just a tiny company and I work my guys in pairs and we check in on each other all through the shift. We're not in any particular danger but stuff happens often enough I've found work crews of at least 2 are much safer. I almost never have one dude off by themselves doing anything.

We've talked about brucejack in safety meetings before. I was hoping things tightened up with the new ownership but this isn't a promising start.

>>57077951
that's how I remember it too.

>>57077954
No it isnt a great start is it.
In that incident, the guy running scoop was in a crew of 7, but was paired with his supervisor, who was called away to another part of the mine and never went to sign in with his team (i am not 100% on that but the report circulated around loads of mines here as people just cant be bothered to sign each others safety cards).
The other incident off the top of my head was from improperly setup overhead infrastructure, a worker was electrocuted after coming in contact with the main power line UG while working on a Zoom Boom with others.

>>57077954
>I almost never have one dude off by themselves doing anything.
Of course if you're driving machines into holes that just means 2 guys dead instead of one. But in most cases having a second set of eyes and hands is going to help if someone gets into trouble.

>>57077974
ah yeah, that makes sense. Signing in and out is a constant pain in the ass and I think everyone gets a little too used to it.

electrocution, that's how I want to go out. Damn hard to do with rubber muck boots on, but if I can I'm gonna try it. I've been around for a couple 440v detonations where nobody was seriously hurt, but it looked and sounded impressive. And fast. You don't even have time to realize what happened.

>>57060128
Hey, I remember you, you were already avatarfagging with whoever that slut from Persona is two years ago when I frequented this general, guess you're still here

>>57077986
either way i hope they sort themselves out, Brucejack not operating hurts a lot of people. I ll bug you again later heading to bed!

>>57078035
Good night, and merry christmas

>>57078041
You as well!

>>57051870
Merry christmas from Europe, frens!

>>57077987
Always been there. I just disappear for 2-3 months then come back.

https://youtu.be/8SAQdEKNcB4?si=u0BipGOhv9YhemPr

>>57078217
It seems to me you post in almost every cmmg thread

>>57079008
Just an recent impression, I'm off 1-2 months every now and then. Very curious to see how this thread will change once PM break out truly.

>>57051870
*every non American*

"What holiday?"

LMAO imagine not being from America xD third worlder

Christmas Eve boomp

>>57051870
>happy holidays
imagine trusting this company

>gary is unsure whether they can beat us down this week below 2057
Goddammit why did we buy back in. Tell me we can hold the line.

>>57080152
https://twitter.com/CRutherglen/status/1738776357385933246

tuesday is important.

>>57080152
Just buy more when it goes down

>>57077934
>Their last fatality was a poor guy whos scoop tram went down a stope
Sounds like a terrifying way to go
Condolences to this man. Miners are brave people

Greetings from Graeme

>>57081108
>scoop tram went down a stope
why drive down a stope, is it a faster way to load ore from the bayhorse mine?

>>57081155
Not very funny, brother

has Gary been hitting the eggnogg?

>>57082137
This is bullshit but I believe it

Merry Christmas /CMMG/

>>57082485
Merry Christmas!

>>57081108
Not sure if this was the same incident but one we've talked about here and in safety class was a case of the dude turning around his articulated scoop and backed into an open ore chute that dropped to a stope below. The pics were gnarly.

not sure if I'm remembering right, or if this is the same accident. PAN MAN would know. But you'd have a couple seconds to ponder your situation on the way down.

>>57082880
Just like you, this incident rings a bell but I can't quite recall the specific discussion. Maybe we did talk about it.
Horrible way to go. I guess the best to hope for in that situation would be to die quickly or instantly due to the fall, rather than being somehow alive for a while and mangled in the wreckage.
Thankfully in coal mines we don't have to worry about giant pits in the floor. Coal mining is in some ways relatively simple, at least in terms of the mine layout, compared to metal mines. But the ventilation has to be very complex due to the deadly gases involved.

>>57082967
I get em mixed up because it happens surprisingly often. But usually it's a caged cab and people survive. I still get nightmares about that though. That moment when you realize you fucked up and now have to ride it out.

>>57082967
>>57082880
i am pretty sure thats the same incident, which if true would be one horrible way to go.
This last incident at Brucejack seems to have been an operator or repair crew member involved in a machine accident too, but the details arent all there yet. The official release will be better than going of rumors. I called up one of my mates who's been on staff there for a few years and he confirmed that the safety culture on site is abysmal.

>>57083096
>if true would be one horrible way to go.
the backing up is what terrified me. Going over the edge backwards just somehow makes it that much worse.

>>57083103
thats another reason automatic / RC scoops are so much better. Its only a massive headache if the scoop gets crushed when the lip on the back of your stope cleaves off and squishes it, or it falls down the stope.

>>57083170
I'm like you, I do like the old ways for their own sake, but it does make sense to have as few people working the face as possible from a safety standpoint. So many interesting things can go wrong.

>>57083222
agreed, less guys in the danger zone the better. Unfortunately UG is always dangerous no matter what you do, you have to have your head on a swivel at all times!

>>57083273
Any heavy industry, but UG mining particularly. The old timers are walking collections of stories and scars. Cool job though. Good pay, always interesting work.

>>57081440
>Not very funny, brother
lol

>>57051966
Lmao Bayshore about to make some autistic fucks rich , don’t sell till I sell guys

>>57083222
>>57083273
Totally agree. Minimizing the number of people at the working face is for the best, though I do love being at a working face.

Umm, guys kitco is still down. Did kitco leak everyone's info or what?

>>57083654
Well, I enjoy the "adventure" of mining: being underground, the big noisy machines -- all that fun! So if I die in a mining disaster (and I work very safely), then I will have died doing what I live. I can't think of any work environment more interesting than an underground mine, though I am sure there are mariners and loggers out there who would be willing to debate that.
Anyway, though, I cannot in good conscience send anyone into a particularly hazardous situation. My love of the "adventurous" aspect of mining give me no right at all, and I recognize this, to endanger myself or, especially, anyone else.
So when there is something especially hazardous to do and I am around or in charge, I volunteer.
And any mining company with a bad safety culture is just downright unethical unless they are working hard to fix it after, say, buying the company out from another owner.

>>57078114
>>57082485
>>57082498
Merry Christmas frens!

>>57084132
Yes, Merry Christmas, /CMMG/

>>57084210
>>57084132
>>57082485
Merry Christmas /CMMG/!

>>57084297
Merry Christmas, PAN MAN. You make the world a bit better place by doing what you do (giving sage advice and sharing your knowledge and wisdom).

>>57063962
You are a calloused seasoned investor ready to take advantage of the bull.

I'm not going to lie. I'm gonna be fucking whores once we make it.

>>57085253
As good a plan as any, I guess

>>57085253
In fact, many old schools miners, like the 49ers during the gold rush, spent their earnings on whores.
It's probably a tale as old as time.

>>57085491
yep, whiskey, beer, cards, and mostly women.

I collect stuff related to victorian mining and vice.

>>57085611
Coal miners also tend to collect stuff, in particular old mining helmets, cap lamps, company and equipment brand stickers, company scrip, old tools, even company-given belt buckles.
Coal miners tend to take a lot of pride in being coal miners.

If you didn't invest in commodities in the beginning of 2020 I dont think you're going to make it
(Myself included)

>>57084297
Merry Christmas and Happy New Year PAN MAN. We all appreciate your contributions and in-depth insights over the past few years, CMMG is a better place for it!

And Merry Christmas to all of our frequent posters and guests!

>>57085611
Nice cards.

>t. Fellow hoarder of steel epoch tools

>>57086081
>Coal miners tend to take a lot of pride in being coal miners.
And then they all lost their jobs and lived in poverty ever after again.

Aaaaaaaaaand...... poof

>>57085253
based

>>57082137
Why is he reposting his own posts from 2022?

>>57088214
How do you even meet whites like this? Every time I go they show me roasted up fat ugly european bitches. If I weren’t so homey af I’d be insulted.

>>57088278
kek

>>57087285
China storing like crazy at these prices

https://www.mining.com/can-beaten-up-junior-miners-fight-illegal-short-selling/

>>57088522
What's the most shorted mining stock? Can we all just pile in and do a short squeeze like the GME tards? Also if we can short squeeze one mining stock would it finally change the entire sector?

Explain MACD to me

>>57089024
just pile into Bayhorse Silver, its CMMG's pick of the decade. All the mining experts agree there is a mountain of the world's best silver ore. CMMG can pool its lunch money and just all the shares take over the board and issue directives to your hero Graeme and the millions of ounces of pure silver will flow.

>>57089024
I know Sprott is becoming more vocal about the shorting going on with NFG. I think we'll see something big in '24 where he goes on the offensive.

>>57090373
Only problem is they can't have natural gas go up because democrats will lose the election next year.

>>57090875
Gotta have a cig down there!

Schiff bump

Coal lump, coal bump

Chinks buying gold like there's no tomorrow

>>57093041
Is China the only hope for gold going up?

>>57093546
no, the Fed is cutting maybe 3x in '24, the wind is in our sails

https://www.mining.com/web/panama-to-present-first-quantum-closure-plan-miner-says/

The First Quantum saga continues!

poorfag here will it make it? I don't like risk

>>57094910
fug i forgot i'm still in this thread. my bad

>Orange juice

Bayhorse Chads up 11% today

>>57054464
The supposedly experienced and wise PhD geologists who worked at BHS never considered why there was so much copper in the ore, or that there may be an e genomic copper deposit down there...

Cool video on one of Finland's only long term (100000 years) storage facility for nuclear waste
https://www.youtube.com/watch?v=RQQt13keU74
Really makes me wonder how all that massive amount of nulcear waste will be handled in the next few decades

>>57096115
we figured out storage for waste in the 60s and 70s, its getting places to allow its long term storage thats the problem.

>>57096194
In Germany they decided to store low level radioactive waste and some of the containers started to rust and the storage is in danger of collapse
https://en.wikipedia.org/wiki/Asse_II_mine
I think the way the Finns handle it is alot better and judging by some other videos I've seen storage technology has come a long way

>>57094910
I'm also new to this, what exchange is that?

Cool car bump
I miss land yachts or "boat" cars
The 60s and 70s had some huge sedans and coupes

>>57096505
i wonder if their using a different storage container than the US / Canada and England do, those are rated for centuries of storage time.

>>57097881
That's a 1975 Lincoln Continental Coupe.
20 feet long, fully loaded weight slightly under 6,000 pounds. A giant of a car.
460 cubic inch Ford big block engine. My family had a couple cars with that engine back in the day. We could pull several thousand pound trailers, even uphill, and not even feel it. That's how powerful those suckers age.
Automakers need to remake the land yachts. They're extremely comfortable for long drives with a family, and they're also utilitarian since they can pull so much weight.
And how does this relate to /CMMG/? Well, they're drinkin' Lincolns. They need a lot of fuel.

>>57089300
What’s the general reasons for investing in BHS ? Mainly the land they own? It seems they don’t actually mine much

Gold and Vanadium BUY BUY BUY

https://scitechdaily.com/quantum-computing-breakthrough-first-sighting-of-mysterious-majorana-fermion-on-gold/
https://scitechdaily.com/quantum-computing-breakthrough-first-sighting-of-mysterious-majorana-fermion-on-gold/
https://scitechdaily.com/quantum-computing-breakthrough-first-sighting-of-mysterious-majorana-fermion-on-gold/

>>57098474
World's best CEO

Not as much Mexican silver.

Nickel smeter explosion in Indonesia kills at leazt 18. Another article I read says there are at least 30 more Indonesian nickel smelters.
https://m.youtube.com/watch?v=NPHr1eU20-w

>>57099309
thats a serious explosion! Any idea on what caused the blast yet?

>>57099093
Does this mean Bayhorse is going to make all of its stockholders even richer?

>>57099340
I wouldn't trust miners in Mexico unless they get a Melei like in Argentina.

Anyone slurping lithium?
lke on the asx is 95% down from its ATH

>>57095604
Exactly. Incompetent management.

Newest video from Resource talk.

https://youtu.be/WAams4KijQY?si=ziiIoa75JX1OjTpc

>>57100233
>>57100377
>>57100555
bump and observed

CHINK FRENS!

https://www.youtube.com/watch?v=kVJAbn2RSpI

Gary say.

Oilfags I need copium

Last day of tax loss season. Need to clean 1-2 positions.

Surge purchases 100% rights to Berg property

https://ceo.ca/@globenewswire/surge-copper-acquires-100-interest-in-berg

Bottom fishing finally paid off

>>57103368
very based

Will go ahead and just bake up a new thread rather than bumping. We've reached about 300 comments in six days, which is an improvement.

Fresh bake:

>>57104424

Fresh bake:

>>57104424