A Diamond Play with Development, Discovery Potential

Source: James Kwantes for Streetwise Reports 09/19/2017 With a diamond supply deficit looming, James Kwantes, editor of Resource Opportunities. profiles a cashed-up junior company at the forefront of Canadian diamond exploration. The November 1991 discovery of diamonds in the Northwest Territories by prospectors Chuck Fipke and Stu Blusson put Canada on the global diamond map. It also triggered one of the largest staking rushes in the world, as hundreds of companies hurried north to find treasure. A few years later, many had retreated to warmer climes. One company that remained in the hunt was Gren Thomas’s Aber Resources, with a large land package staked by Thomas and partners at Lac de Gras near the Fipke find. In the spring of 1994, an Aber exploration crew led by Thomas’s geologist daughter, Eira Thomas, raced the spring melt to drill through the ice in search of kimberlite—the rock that sometimes hosts valuable … Continue reading

TheDailyGold Premium Update #535

By Jordan Roy-Byrne CMT, MFTA The 13-page update has been published and uploaded to the website. It has also been emailed. While this is a smaller update, it is mostly text. It contains comments on all of our holdings. Which are the best values now? Which are the best buys? Which might we sell? …read more Source:: The Daily Gold The post TheDailyGold Premium Update #535 appeared first on Junior Mining Analyst. … Continue reading

McEwen shares tank after $40m stock offer

By analyst By Frik Els Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) announced after the close on Monday, bought deal financing for its acquisition of the Black Fox mining complex in northern Ontario. According to a statement McEwen agreed to sell 18m shares of its common stock and warrants to purchase up to 9m shares of its common stock at a price of $2.25 per share and associated one-half common stock warrant for gross proceeds of $40.5 million. The warrants will have a term of 53 weeks and an exercise price of $2.70 per whole share. The underwriters also have a 30-day option to buy an additional 2.7m shares and 1.35m warrants. The stock came in for more punishment after hours – shedding an additional 7.4% to trade at $2.25 per share in line with the offer price MUX shares lost 5.8% in New York during regular trading on … Continue reading

Palladium price consensus forecasts point to end of the rally

By analyst By Frik Els Monday was a bleak day on precious metals markets with the glaring exception of palladium which added more than 1% to $930 an ounce, closing the gap with sister metal platinum to only $30. At the beginning of the month, palladium futures trading in New York jumped to just shy of $1,000, the highest since 2001. The metal, mainly used to scrub vehicle emissions, is trading up 37% so far this year on a combination of strong global sales for gasoline vehicles and persistent undersupply. 2016 was the fifth year in a row of substantial deficits (1.2m ounces or 37 tonnes) as production in South Africa continues a painful decline and Russia, which together with the African nation is responsible for more than 70% of global PGM output, navigate sanctions imposed by the West. Investor speculation has also been a big driver – long positions … Continue reading

A “Financial H-Bomb” Has Exploded

By James Rickards This post A “Financial H-Bomb” Has Exploded appeared first on Daily Reckoning. Somebody exploded an H-bomb last week, and it wasn’t North Korea. It was the U.S. This was not a kinetic H-bomb, the kind that leaves a mushroom cloud. It was a financial H-bomb. Financial warfare has its weapons, tactics and commanders, the same as kinetic warfare. In financial warfare, the leading commander is the secretary of the Treasury. The weapons include account freezes, sanctions and financial blacklisting of certain individuals and companies. The financial warfare equivalent of an H-bomb is a complete ban from the U.S. dollar payments system. The U.S. dollar represents 60% of global reserves, 80% of global payments and almost 100% of global oil sales. Cutting off any party from U.S. dollars is like cutting off the oxygen from a patient in intensive care. They won’t last long. That is exactly what … Continue reading

The Blockchain Could Potentially Be as Disruptive as Amazon Was in the 1990s

click to enlarge Some could easily take from this poll that Frank Talk readers are huge Trump supporters—and many of them are—but that would be overlooking the fact that nearly 40 percent said they disapprove of the way he’s handled his job. I share this because it serves as a relatively accurate cross section of the types of opinions and perspectives I come across during my travels. Some of those opinions end up informing my own thinking, some don’t—but all of them are added to my “book.” Now with North Korea launching even more rockets over Japan, the market continues to make new highs. This is what I was asked most often last week on CNBC Asia, Bloomberg Radio and Fox Business. As I said then, I’m bullish because the purchasing manager’s index (PMI) is up and oil prices are down, thanks to the ingenuity of Texas fracking, which has … Continue reading

Aussie consortium to spend $12m in research to boost copper production

By analyst By Cecilia Jamasmie Australian academics from the University of Adelaide have been selected to lead a A$14.6 million (about US$12m) research consortium focused on developing new technologies to boost copper production in the state of South Australia. The consortium, which includes industry actors and government bodies such BHP, OZ Minerals, Boart Longyear, Sandvick, the state’s Chamber of Mines and METS Ignited Industry Growth Centre, is part of a state government strategy that aims to triple South Australia’s copper production to one-million tonnes a year by 2030. In 2014-2015, copper and copper concentrates exports from South Australia were valued at over A$2 billion making it South Australia’s single largest export item in value. The University of Adelaide will invest A$4.46-million in the consortium, with the remainder of the A$14.6-million funding coming from the mining and research partners. In 2014-2015, copper and copper concentrates exports from South Australia were valued … Continue reading

A Storm Surge of Profits Headed Toward the U.S.

By Zach Scheidt This post A Storm Surge of Profits Headed Toward the U.S. appeared first on Daily Reckoning. As the floodwaters rose in Texas and Florida, the pictures started rolling in. That’s the thing about social media today. We can all have access to a first-hand view of just about any major event or issue around the world. I’m sure you saw the pictures of cars and trucks with water all the way up over their hoods. And while I’m sure your first thought was for the safety of all the many people who were displaced by the storms, it’s now time to take a look at the long-term risks and opportunities that hurricanes Harvey and Irma brought to our financial markets. Today, I want to show you a tremendous opportunity that most investors haven’t fully figured out yet. So let’s get started… A Flooded Market for Used Cars … Continue reading

Peter Epstein: Joe Lowry Interview, Same Story, Lithium is HOT

By analyst Following Joe’s advice by paying a pretty penny for his consulting services, or following him for free on Twitter and Linked-In, is one of the absolute best ways to stay on top of the lithium sector. … …read more Source:: PRNewswire-Mining and Metals The post Peter Epstein: Joe Lowry Interview, Same Story, Lithium is HOT appeared first on Junior Mining Analyst. … Continue reading

Should You Buy SYNNEX Stock Before Earnings?

By Rob Otman SYNNEX (NYSE: SNX) is a $5 billion company today. Investors that bought shares one year ago are sitting on a 14.55% total return. That’s below the S&P 500’s return of 18.86%. SYNNEX stock is underperforming the market. It’s beaten down, but it reports earnings soon. So is it a good time to buy? To answer this question, we’ve turned to the Investment U Stock Grader. Our Research Team built this system to diagnose the financial health of a company. Our system looks at six key metrics… [iu-adbox] ✓ Earnings-per-Share (EPS) Growth: SYNNEX reported a recent EPS growth rate of 63.39%. That’s above the electronic equipment industry average of 36.94%. That’s a great sign. SYNNEX’s earnings growth is outpacing that of its competitors. ✓ Price-to-Earnings (P/E): The average price-to-earnings ratio of the electronic equipment industry is 34.73. And SYNNEX’s ratio comes in at 16.28. It’s trading at a … Continue reading