/CMMG/Commodities, Macro, and Mining General

[PAN MAN No.55285115]

Tungsten Edition

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

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

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

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

Previous: >>55249883

[PAN MAN No.55285131]

afternoon all!
last thread was dropped, lets see if we can keep this one going.

News from Fireweed zinc is pretty interesting, MacTung is one of the largest Tungsten deposits out there.
https://fireweedmetals.com/news/fireweed-metals-announces-mineral-resources-for-the-mactung-project-the-largest-high-grade-tungsten-deposit-in-the-world/

[PAN MAN No.55285160]

Surge Copper's stock has been halted as well for the release of their PEA for Berg Copper.
https://surgecopper.com/news-releases/surge-copper-announces-maiden-berg-pea-c-2.1-billion-npv8-and-20-irr/

[The Dane No.55285477]

https://youtu.be/Sq_OsS-3A4o

2 more quarters bros

[Anonymous No.55285507]

URANIUM

[PAN MAN No.55285951]

Scottie Resource's initial metallurgical testing results were great for the Blueberry zone!
I know this was probably posted earlier but still great to see.
https://scottieresources.cl1.adnetcms.com/news/2023/scottie-resources-reports-positive-initial-metallurgical-test-results-for-blueberry-zone-with-up-to-97.6-gold-recovery/

[Anonymous No.55286937]

Does anyone remember the name of that Chilean company that crashed horrifically a year or so back because they didn't bother doing environmental studies and got their permits pulled when it was discovered that their land package overlapped with the species range of some endangered reptile?

[Anonymous No.55286986]

>>55286937
Codelco

[PAN MAN No.55287015]

>>55286986
did codelco do that or was that another company? Codelco is massive, it would be hilarious if they fucked up that badly.

[Anonymous No.55287028]

>>55286986
It was actually rio2 limited but I only found out because the name came up in a post when I searched Codelco on ceo, so thank you.

[Anonymous No.55287029]

>>55287015
I thought that the poster was referring to this:
https://news.mongabay.com/2023/03/ecuador-court-upholds-rights-of-nature-blocks-intag-valley-copper-mine/

[Anonymous No.55287044]

>>55287028
Ah, yes, Alex Black's Rio2, with his little butt-buddy promoter, Mark Turner, aka, Otto Rock, aka, IKN News.

[PAN MAN No.55287075]

>>55287028
>>55287044
oh no Rio2, I remember talking about that one. Their plan was flawed from the get go doing heap leach in a desert with limited access to water.
>>55287029
thats no fun either!

[Anonymous No.55287114]

>>55287075
Yeah, the plan was to have a 30,000-gallon water tanker show up every 20 minutes after driving 100 miles up a shitty mountain road from the nearest water supplier. The scheme was absurd. What's worse was that Wheaton Precious Metals financed them. WPM took a major hit to their credibility as far as I'm concerned. Any fool could see that wouldn't work.

[PAN MAN No.55287203]

>>55287114
i remember when they started talking about having to deal with heap leaching in "less than optimal conditions". That should have been a red flag for sure.

[Anonymous No.55287351]

>>55287203
You'd figure a company like Wheaton would do better DD rather than pissing its money away on some hare-brained scheme. Whenever someone cites Wheaton's involvement as an endorsement, I now run away. Integra Resources is the latest example.

[PAN MAN No.55287473]

>>55287351
you have to wonder if someone's actively screwing with developers like Wheaton to get their value down, or if its just blind incompetence.

[Anonymous No.55287977]

[PAN MAN No.55288375]

https://www.mining.com/web/battle-for-aluminum-stocks-is-draining-lme-of-non-russian-metal/

[Anonymous No.55289077]

>>55287473
Mostly private equity firms pull tricks like that. Take, for example, a predator like Waterton and its loan-to-own scheme. It has ruined many companies and acquired their assets (Royal Standard, Santa Fe Gold, Strike Minerals, Gryphon Gold, Fire River, Royal Nickel, Atna Resources, Chaparral Gold). Even outfits who buy properties from Waterton suffer from the terms of their deals (Contact Gold, Millennial Precious, Element79) since they are share-heavy. Subsequently Waterton dumps and aggressively shorts the shares in the markets. It's much easier for private equity firms to sabotage companies since they are not subject to the same disclosure requirements as publicly-traded issues.
This video shows Waterton's fuckery with solution ponds:
https://m.youtube.com/watch?v=8e1AwnRXwO0&pp=ygUQd2F0ZXJ0b24gYm9jaG9sZA%3D%3D

(((Isser Elishis)))

[The Dane No.55290140]

Bomp

[Anonymous No.55290173]

>>55287351
Yeah. They should just go for a remote north pole location that needs to be accessed by helicopter instead with 2gpt gold.

[Anonymous No.55290219]

https://finance.yahoo.com/news/brunswick-exploration-identifies-major-spodumene-100000385.html

[Anonymous No.55290471]

https://finance.yahoo.com/news/patriot-drills-127-7-m-110000519.html

Ruh-roh

[Anonymous No.55291682]

>>55285951
Scottie share price could launch with their big drill season ahead

[Anonymous No.55292103]

How are we feeling about prospects of a pause? I think it's a mistake long term, but I honestly don't know what to expect in that event anymore given how unpredictable the markets have been the past 6 months.

[Anonymous No.55292208]

>>55292103
$2000+ gold again today? maybe

[Anonymous No.55292427]

>>55292208
When will he speak

[Anonymous No.55292485]

>>55292427
2PM EST

[Anonymous No.55292628]

>>55291682
forgot video

https://www.youtube.com/watch?v=FoKcCc5l0WI

[Anonymous No.55293489]

>>55290471
So much for that.

[Anonymous No.55293586]

>>55293489
>doesn't understand that fundamental news and happenings of a company are completely divorced from the share price at any given moment.

no wonder barely anyone in this thread makes any money.

[Anonymous No.55293651]

>>55293586
>no wonder barely anyone in this thread makes any money.
I netted over $20K shorting this through last Thursday.

[Anonymous No.55293814]

>>55293651
And you still have an open short position, yeah?
The point stands.

[Anonymous No.55293846]

>>55291682
yeah I'll buy back into scottie once gary gives the go ahead on miners.

[Anonymous No.55293896]

>>55293814
>And you still have an open short position, yeah?
>through last Thursday
That means I covered and moved on to another short (IAU.to). You can check previous threads for verification. It's fully documented.

[Anonymous No.55294040]

>>55293814
Pic related is the only open position in my margin account.

[Anonymous No.55294266]

>>55293896
>>55294040
You're still a retard, but at least you had the sense to close out the short position while it was in the money.

[Anonymous No.55294269]

https://www.youtube.com/watch?v=L61NSlLRGe8

[Anonymous No.55294377]

>>55294266
>retard
Fine with me.

[Anonymous No.55294632]

>>55294377
imagine spending threads spamming
>i dont care
>i dont care
>i
>dont
>care
but actually caring so much as to waste your life making these silver miner anon energy memes. can't wait to see them posted another three thousand times before 2024

[Anonymous No.55294755]

>>55294632
I'll keep it up just for you faggots, and laugh all the way to the bank.
> +KOLD (check)
> -PMET (check)
> -IAU
>Oy vey, somebody made monies in the commodities space, shut it down!

[Anonymous No.55295242]

it's been more or less confirmed that bayhorse was nothing but a jeet pump and dump, right?

[Anonymous No.55295354]

>>55294755
PMET isn't a "check". Not once did I say "you can never derive any profit from shorting something that experienced large upside movement".

I called your thesis that the entire lithium market is garbage retarded (because it is). And made fun of you for being a moron and a degenerate gambler.

You were wrong. You are still wrong, but you don't have to be right in this game. You just need luck and good timing.

I hope you do keep up showing how much of a mental midget you are and how emotionally unstable. It's very entertaining.

[Anonymous No.55295367]

>>55294755
I genuinely don't care about what money you make or lose. I don't hold any positions that are inverse to yours. The fact that you're going to keep spending your limited hours on earth trying to spite me for calling out your hipocrasy and silverjew tier edits is frankly sad and your kneejerk assumptions that I'm one of the two people you've decided are your mortal enemies are unironically schizo, and I say that as a schizo.

Maybe you just have the 'tism and that's why you get so mad about everything, but I genuinely hope for your sake you don't let it bleed into your life outside of these threads.

[Anonymous No.55295599]

>>55295354
>>55295367
O.K., broes.

[Anonymous No.55295937]

>>55295599
>I have nothing of substance to say in response, but I'm so mentally deranged that I must respond to every post.

t. mentally damaged retard

[Anonymous No.55296477]

Oh, noes, Integra broes!
Looks like bringing aboard more untenable projects isn't going to save you.

[Anonymous No.55296605]

What do you think of Nighthawk Gold?
>CEO Salehi has collected own shares worth a total of around $240,000 since the beginning of the year alone. Chief Financial Officer Curcio was on the buying side with $11,000. In total, the company's management team has invested the handsome sum of around $1.34 million in its own shares since the beginning of the year. In addition, about 32 percent of the outstanding shares (123.8 million) are in the portfolios of institutional investors.
>A study (PEA) of the Colomac gold project located there, which includes the Centre and Satellite deposits, indicates a potential possible mine with a production capacity of 290,000 ounces per year with a mine life of 11.2 years. The derived net present value of $1.2 billion after tax was calculated based on a gold price of US$1,600 per ounce. Assuming a gold price of US$2,000, this results in a net present value in the region of US$1.5 billion.
In view of these assets, the stock market value of currently 74 million CAN dollars is still very manageable. In addition, the debt-free company has cash reserves of around 23 million CAN dollars.

[Anonymous No.55296978]

So Jerome pauses but basically guarantees a hike in July and another later this year? What a faggot

[Anonymous No.55297014]

>>55296477

[Anonymous No.55297244]

>>55294755
>the promoter
kek

[Anonymous No.55297658]

>no rate hikes
Is now the time to get tech exposure?

[PAN MAN No.55298326]

>>55291682
i agree, their on to something big with Blue Berry zone, and loads of potential to expand it.

[The Dane No.55298490]

>>55297658
>buying the top

[PAN MAN No.55299732]

https://www.mining.com/web/striking-newmont-miners-are-cashed-up-to-extend-mexican-stoppage/

[Anonymous No.55300178]

Copper is going to be good 5 years from now. Screencap this: It will be worth 6-7 dollars per pound if current trends and third world instability keeps up.

[PAN MAN No.55300612]

big news in the world of Zinc!
Boliden has mothballed its Tara Zinc mine in Ireland, Europe's largest zinc producer due to massive financial losses.
https://www.reuters.com/markets/commodities/boliden-suspend-operations-irish-zinc-mine-sees-q2-setback-2023-06-14/

Cost of electricity and environmental controls seems to have lead to the closure.

[PAN MAN No.55300634]

>>55300612
i should also add that the companies Swedish metals smelter had a massive fire, causing major damage. Bad timing with poor zinc prices, means the companies shutting operations down until things improve.

[Anonymous No.55300778]

>>55295242
>nothing but a jeet pump and dum
Correct. Was it not obvious from all the ESL shilling and poor quality posts and retard level geological comments?

[Anonymous No.55302043]

>have lots of Polymetal in my ISA (britbong)
>have to decide what to do with it now the company is moving its listing to Kazakhstan
>Don't want to sell at a massive loss

I'm thinking keep half in my ISA for tax free dividends, transfer the other half to an AIX broker so I can sell for a profit eventually.

[Anonymous No.55302399]

>>55302043
>$200 worth of polymetal shares
>$100 transfer costs to a AIX broker
does anyone know what happens if you just keep your shares with your old broker? POLY does not currently pay a dividend

[Anonymous No.55302699]

NFG delivering yuge intercepts every week

https://newfoundgold.ca/news/new-found-intercepts-41-g-t-au-over-8-7m-33-g-t-au-over-6-7m-extends-iceberg-strike-length-to-665m/

[Anonymous No.55303156]

Silver following Gold in breaking the trend line.

See you at 21.94

[Anonymous No.55303421]

>>55297658
The majority of your portfolio should be mega tech. That way you should be average about 30-50% per year for the past 6 years. Only an idiot doesn't invest in the future

[Anonymous No.55303502]

>>55303421
shill 5 stocks to me

[Anonymous No.55303565]

>>55303502
>AMAT
>Texas Instruments
>Microsoft
>Broadcom
>NVDA
Obviously, most are either ATH or near so yeah... but that should reveal to you just how sought after tech is compared to commodities. There was a nice dip last year where everyone should have filled up.
Then again, people that bought NVDA's ATH three years ago are +10-15% already despite the "recession" and "inflation" FUD.

[Anonymous No.55303617]

>>55303565
thanks

[Anonymous No.55303873]

>>55303617
JEPI ETF
comes with 11% dividends
https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-equity-premium-income-etf-etf-shares-46641q332#/portfolio

[Anonymous No.55303936]

Damn, COPPER is finally waking up. 4$ soon? Euro countries are down in the gutter as regards housing and real estate production but China seems to finally be adding some fuel to their economy. The question is, how will this rally last? Provided this recession thing is complete FUD and nonsense (which I think it is), copper should continue rallying in my opinion

[Anonymous No.55304180]

>>55285507
uranium what

[Anonymous No.55304197]

>>55296978
people have been saying FED rates can't go any higher or X will crack since the very beginning

[Anonymous No.55304216]

Oh, noes, I-80 broes!
Looks like it pays to be a retard.

[Anonymous No.55304646]

>>55302399
I've got $5k worth and I'm not going to bother transferring. TD is trying to scam $500 for paper certs as the only option they offer to take back custody. No free transfers out.
After the move to Kazakhstan, the current plan appears to be that they'll probably just split off the Russian shares anyway, then ideally relist the remaining company back on London.

My understanding is that due to sanctions in the US, I am not eligible receive any benefit from the Russian subsidiary anyway. There's also similar restrictions on the Russian side regarding payment of dividends to foreigners in unfriendly countries. So dividends will be stuck in an escrow account on one side, whether in my own name or the name of the custodian. Perhaps a broker from Kazakhstan would not enforce this, and perhaps being friendly Russia will not block on their end, but I think you'd be unintentionally violating the sanctions if you access those dividends. I'd rather not risk that given the small size of my position.
Outside the US though, you may be better off transferring your shares outside of western brokerages so that you do maintain full control. No point in subjecting yourself to the sanctions of a country in which you do not reside.

The other critical factor is what may happen to the Kazakhstan subsidiary. I've seen claims that as most American/European brokers do not integrate with the AIX, you won't be registered and will be unable to receive dividends or vote those shares. This remains to be seen, but personally I think the concern is exaggerated. The shares you hold right now are under the custodian's name. The shares will continue to exist on AIX under the custodial name. You should be able to exert control beyond the move, and if they do eventually return to London perhaps full trading access will simply be restored smoothly.

In end end, no one can know for sure what will happen. There are costs and risks to either choice. The decision is yours.

[Anonymous No.55304805]

Covered 12.5K shares and will reload above $3. That will pay the deposit for my new concrete dock. I love being retarded.

[Anonymous No.55305027]

>>55300778
>sucker stock
kek

[Anonymous No.55305199]

>>55302399
>>55304646
>had 5k
>bought 8k more because 'this war can't last that long
>wake me up inside.MP2

To be honest I don't trust a Kazakh stockbroker, the most reliable options suggested by POLY are in Cyprus which isn't much better.

I may just leave the shares with my UK stockbroker, swallow the paper losses and see what happens to save the hassle/expense of opening a new broker account (which would be taxable), if they reinstate the dividend i'll be getting around 2k a year tax free. I need to stop looking at the huge dip before I go insane and buy even more.