Could You Pass The Marshmallow Test?

Nilus Mattive

By Nilus Mattive

This post Could You Pass The Marshmallow Test? appeared first on Daily Reckoning.

We’re starting to pack for a spring break trip to El Salvador next week, where both the air and water are in the 80s.

Meanwhile, a few of the families we’re friends with are packing for a snowboard trip to Aspen.

My daughter would certainly like to be there drinking hot chocolate and toasting marshmallows with the rest of her crew, but she’ll happily forgo a couple sweets for something she likes even more – big, warm waves in a bathing suit.

As it turns out, that’s a very good trait to have.

In an experiment conducted by Stanford back in the late 1960s and early 1970s, researchers took a group of kids (ages 4-6) and offered them each a single marshmallow to eat.

However, they also gave them another option — wait 15 minutes without eating the marshmallow and have a second one.

All told, 653 children participated. Some kids ate the marshmallows as soon as the researchers left the room. And even out of the group who tried to wait a little longer, only one third made it long enough to get the second marshmallow.

Even more interestingly, follow-up studies with the same group of children have showed high correlations between the ability to wait for the second marshmallow and overall success in life — based on everything from parental evaluations of general competence and well-being to other measures into adulthood.

Heck, the kids who were able to wait the full fifteen minutes scored an average of 215 points higher on their SATs than the children who couldn’t wait 30 seconds!

Of course, even if some people have a higher innate propensity for retirement saving — which is perhaps THE biggest real-world example of delayed gratification — I still believe reasonable adults can at least change their ways a bit, assuming they’re given reasons to do so.

So if you know someone who just wants to eat all the darn marshmallows right now, here are a couple things you can tell them…

Fact #1:
Social Security is not going to bail you out.

I have gone into great detail on the current state of our nation’s Social Security program many times before, but the upshot is that it faces ongoing shortfalls and will struggle to pay out all the benefits that have been promised.

Yet astoundingly enough, plenty of people I talk to still seem to think that they’ll be doing just fine by retiring on Uncle Sam’s dime.

What they fail to realize is that — even if Washington finally gets around to shoring up the Social Security program’s finances — those monthly checks won’t come close to covering even a modest lifestyle in retirement.

In fact, the average monthly benefit that’s going out to a retired worker right now is about $1,400.

And quite frankly, I now suspect many people will see their promised amounts get CUT – whether it’s through even more aggressive taxation of benefits or some other method.

Fact #2:
You’ll probably need an …read more

Source:: Daily Reckoning feed

The post Could You Pass The Marshmallow Test? appeared first on Junior Mining Analyst.

Exclusive Insights on the Gold Market – Thu 22 Mar, 2018

By Cory John Kaiser – A Focus On Nevada and Companies Of Interest

John Kaiser, Founder of Kaiser Research joins me to discuss the opportunities he is seeing in Nevada. Being a well known jurisdiction there are a number of profitable mines and good looking exploration upside for investors. John shares why he likes are area and a couple companies he is focused on.

Download audio file (2018_03_22-John-Kaiser.mp3)

Click here to visit John’s site for more great metals commentary.

…read more

Source:: The Korelin Economics Report

The post Exclusive Insights on the Gold Market – Thu 22 Mar, 2018 appeared first on Junior Mining Analyst.

Richard Postma – The Doctor Is In – Thu 22 Mar, 2018

By Cory The Bounce In Metals After The Fed Meeting

Doc joins me to focus on the metals move up from yesterday. Again on the back of a fed rate hike we saw gold and more importantly gold stocks get saved from a downtrend they were in. We look at how the technical factors that also lined up for the bounce. The question is will this bounce lead to a breakout or simply a run back up to the upper part of the range.

Download audio file (2018_03_22-Doc.mp3)

…read more

Source:: The Korelin Economics Report

The post Richard Postma – The Doctor Is In – Thu 22 Mar, 2018 appeared first on Junior Mining Analyst.

Apollo Minerals expands in the Pyrenees

By analyst

By Valentina Ruiz Leotaud

Apollo Minerals (ASX:AON) announced that it has entered into an agreement to buy Aurenere, a project located in the northern Spanish province of Lleida, right next door to the company’s Couflens tungsten and gold project, which is in France.

Within the terms of the agreement, Apollo will acquire 75% of the share capital of NeoMetal Spania S.L, which holds the rights to the 100% interest in the Aurenere Project. The commercial terms of the acquisition of the upfront interest in Neometal include €100,000 cash upfront and a further €150,000 upon the grant of the Investigation Permit.

Aurenere is a 55-square-kilometre property that contains an extension of the tungsten and gold strike at Couflens. Both properties combined would give Apollo 97 square kilometres of landholding in the Pyrenees.

In a press release, the London/Perth-based company explained that the rationale behind the buyout is that recent field campaigns carried out within the Couflens license area confirmed the presence of widespread tungsten, up to 8.25% WO3, and high-grade gold, up to 24.5 g/t. “These campaigns highlighted significant potential for shear hosted gold mineralisation to be associated with large fault structures extending to the west of the Salau mine area towards the Aurenere Project,” the statement reads.

The aforementioned Salau mine is a historic operation in the area, considered one of the world’s highest-grade tungsten mines between 1971 and 1986.

Aurenere still has to get an Investigation Permit from the General Directorate of Energy, Mines and Industrial Security of the Government of Catalonia. The application to obtain such license was submitted by NeoMetal Spania in March 2016.

The post Apollo Minerals expands in the Pyrenees appeared first on MINING.com.

…read more

Source:: Infomine

The post Apollo Minerals expands in the Pyrenees appeared first on Junior Mining Analyst.

Annual Financial Results Released by Zinc Mining Company

Source: Streetwise Reports 03/22/2018

The company released its 2017 annual audited financial results.
Trevali Mining Corp. (TV:TSX; TV:BVL; TREVF:OTCQX) recently released its audited annual financial results for 2017. The company had net income of $20.2 million, or $0.03 per share, and EBITDA of $101 million on total revenues of $330.5 million. Fourth quarter net income was $25.2 million, or $0.03 per share, and EBITDA was $56.3 million on net concentrate sales revenues of $188.8 million.

Paradigm Capital analyst Jeff Woolley said of the results, “With both zinc and lead fundamentals currently strong, we forecast Trevali to generate substantial free cash in 2018 of $185M or $0.22/sh (+300% y/y). With only $160M in total debt, the company is well positioned to evaluate additional growth opportunities. Enhanced exploration programs at all the mines will seek to add tonnes to the resource base to extend mine life or potentially support mill expansions down. However, we believe Trevali is better positioned than ever to pursue additional acquisitions.”

“Trevali’s growth story is coming together at a most advantageous time in the market as supply constraints drives zinc higher. Trevali’s two legacy mines are operating well and generating positive free cash flow, while the recently acquired African mines from Glencore have more than doubled the production base and we estimate will more than triple the consolidated free cash generation making Trevali a “go-to” name for investors seeking zinc/lead exposure,” Woolley noted.

In a March 15 research report, analyst Brian MacArthur of Raymond James wrote, “2017 & 4Q17 production results were pre-released and in-line with our estimates. 4Q17 production came in at ~105 mln lbs of payable zinc, 13.5 mln lbs of payable lead and ~397 Koz of silver and 4Q17 EPS came in at $0.03, below RJL and consensus estimates of $0.05. Trevali repaid ~$40 mln in debt during the quarter and had ~$158 mln in total debt (including finance leases) at quarter end, in addition to ~$144 mln in working capital and ~$97 mln in cash.”

“Given Trevali’s high leverage to the zinc price and solid balance sheet, we continue to believe that the company offers investors one of the best st options on zinc, one of our preferred commodities, and rate the shares Outperform,” stated MacArthur.

In its release, Trevali noted a number of financial highlights for 2017:

  • Concentrate sales revenue of $330.5 million, up approximately 220% versus 2016
  • EBITDA of $101 million, up 141% from $42 million in 2016; and annual net income of $20.2 million or $0.03 per share
  • Income from mine operations of $86.1 million, up 203% from $28.4 million in 2016
  • Total cash position of $97.3 million and working capital of $144 million.

Read what other experts are saying about:

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Disclosure:
1) Jake Richardson compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Trevali Resources Inc. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Trevali Mining.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports (including members of their household) own securities of Trevali Mining, a company mentioned in this article.

Disclosures from Paradigm Capital, Trevali Mining Corp., March 15, 2018

Paradigm Capital Inc. has assumed an underwriting liability for, and/or provided financial advice for consideration to the subject companies during the past 12 months.

Paradigm Capital Inc. expects to receive or intends to seek compensation for investment banking services from the subject companies in the next 3 months.

Jeff Woolley visited the Rosh Pinah mine in Namibia in September 2017; the company paid for a portion of the trip.

The analyst (and associate) certify that the views expressed in this report accurately reflect their personal views about the subject securities or issuers. No part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendations expressed in this research report.

Analysts are compensated through a combined base salary and bonus payout system. The bonus payout is determined by revenues generated directly or indirectly from various departments including Investment Banking, based on a system that includes the following criteria: reports generated, timeliness, performance of recommendations, knowledge of industry, quality of research and investment guidance and client feedback. Analysts are not directly compensated for specific Investment Banking transactions.

PCI, its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities mentioned herein as principal or agent. PCI may act as financial advisor and/or underwriter for certain of the corporations mentioned herein and may receive remuneration for same.

Disclosures from Raymond James, Trevali Mining Corp., Mar. 14, 2018

ANALYST INFORMATION

Analyst Compensation: Equity research analysts and associates at Raymond James are compensated on a salary and bonus system. Several factors enter into the compensation determination for an analyst, including i) research quality and overall productivity, including success in rating stocks on an absolute basis and relative to the local exchange composite Index and/or a sector index, ii) recognition from institutional investors, iii) support effectiveness to the institutional and retail sales forces and traders, iv) commissions generated in stocks under coverage that are attributable to the analyst’s efforts, v) net revenues of the overall Equity Capital Markets Group, and vi) compensation levels for analysts at competing investment dealers.

The views expressed in this report accurately reflect the personal views of the analyst(s) covering the subject securities. No part of said person’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views contained in this research report. In addition, said analyst has not received compensation from any subject company in the last 12 months.

RAYMOND JAMES RELATIONSHIP DISCLOSURES Raymond James Ltd. or its affiliates expects to receive or intends to seek compensation for investment banking services from all companies under research coverage within the next three months.

Raymond James Ltd. has managed or co-managed a public offering of securities within the last 12 months with respect to TV.

Raymond James Ltd. has received compensation for investment banking services within the last 12 months with respect to TV.

Raymond James Ltd. has provided investment banking services to TV within the past 12 months.

Raymond James Ltd, the analyst and/or associate has viewed the material operations of TV.

Raymond James Ltd -within the last 12 months, TV has paid for all or a material portion of the travel costs associated with a site visit by the analyst and/or associate.

( Companies Mentioned: TV:TSX; TV:BVL; TREVF:OTCQX,
)

A Look at the Biggest Lead and Silver Producer in the World

Source: Clive Maund for Streetwise Reports 03/22/2018

Technical analyst Clive Maund talks about the world’s largest and lowest cost producer of both lead and silver.

South32 Ltd. (S32:ASX) has the distinction of owning the giant Cannington Mine, the world’s largest and lowest cost producer of both lead and silver, which is good to know, since we are of the opinion that silver is at a very low price and is an extremely good value investment here. The company is also a very big producer of other base metals, but as far as is known has not yet discovered any unobtanium. The stock charts only go back about 3 years because the company was spun off from BHP Billiton several years ago.

On the all data chart which goes back to mid-2015 we can see that after being spun off, South32 continued to drop in a severe downtrend in sympathy with a weak sector, until it hit bottom in January 2016. It then reversed into a strong uptrend, again in sympathy with a now strong sector, but while the sector advance stopped and reversed in August 2016, South32 carried on to higher levels until December 2016, and then ran off into a long consolidation pattern that ended with an upside breakout the following September. This quite strong upleg continued until January and last month it reacted back to its rising 200-day moving average and to a point not far above the support level shown, where it is suspected to be forming an intermediate base pattern, because the rising 200-day moving average is an indication that the trend is still up, and this factor is thought to override the rather weak On-balance Volume line in the recent past, especially because of the now positive outlook for gold and particularly silver.


The following chart is the same all data chart as the one above, but with the Market Vectors Gold Miners ETF, GDX, overlayed, so that the performance of South32 can be compared with the performance of the PM sector as a whole. As we can see, it moved with it until the Summer of 2016, but after that South32 outperformed significantly, which is all the more impressive given the drab performance of silver over the past year or two.


On the 1-year chart we can see recent action in rather more detail, in particular how the reaction back from the January high has presented a better entry point. The still rising 200-day moving average and proximity of strong support indicate a high probability that it will turn up from this area, and it is currently believed to be making a small Double Bottom with its late January low, that will lead to another upleg.


The number of shares in issue is a daunting 5.2 billion, but that doesn’t seem to have slowed it down, probably because it is a mining company whose output of silver and base metals is on a truly gigantic scale.

A preliminary search for the company’s website turned up what I at first thought was a social or welfare club. When you enter it you find yourself on a website that is wonderfully politically correct, and for example it is easier to find information on the company’s anti-slavery policy than it is to find information on production and the company appears to be almost apologizing for mining as in “Look, we have to make these big holes in the ground, so that you can have metals for your cars, iphones and washing machines etc” – it’s enough to make an old school miner cringe – wonder what Crocodile Dundee would have to say about it? that in reality they would look more like all-in wrestlers.

Back to South32, while the company’s website may portray it is as a social club and a fun place to work, the underlying reality is that they “produce the goods” and in vast quantities, and in a world in which many companies produce nothing of any substance, it represents a solid investment at a time when commodities look set to move to the forefront and become one of the best performing sectors.

South32 is thus rated as a solid investment here for the future, that is at a good entry point after its recent dip. The company’s stock also trades on the London Stock Exchange in big volumes and the Johannesburg Stock Exchange.

South32 website

South32 Ltd, S32.ASX, S32.LSS, closed at A$3.18 on 13th March 18, trading at 181.10 at 2.53 pm GMT on 13th March 18.

Stay tuned – for upcoming reports on neighboring South31 and South33.

Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years’ experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.

Want to read more Streetwise Reports articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Charts provided by the author.

CliveMaund.com Disclosure:
The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.

( Companies Mentioned: S32:ASX,
)

TheDailyGold Premium Flash Update (3/22)

By Jordan Roy-Byrne CMT, MFTA

The 8-page flash update was published and emailed to subscribers early Thursday AM.

The update covers the current technical setup of Gold, Silver and the gold stocks, our short-term expectations and the few things we will be watching to help inform us as to how sustainable this strength will be.

…read more

Source:: The Daily Gold

The post TheDailyGold Premium Flash Update (3/22) appeared first on Junior Mining Analyst.

Brazilian pension funds to sell stakes in Vale

By analyst

By Valentina Ruiz Leotaud

Exclusive information obtained by Reuters reveals that Brazilian pension funds led by Previ are planning to sell 10 per cent to 12.5 per cent of their stakes in iron ore miner Vale SA (NYSE:VALE) through a public offering.

According to the news agency, four people with inside knowledge of long-rumored plans to migrate Vale to a dispersed ownership structure confirmed this information. The share sale may be worth up to $2.4 billion if BNDESPar, the investment arm of state development bank BNDES, also sells part of its Vale stake.

A joint sale with both the pension funds and BNDESPar would involve between 2.9 per cent and 3.6 per cent of Vale’s total capital.

“The pension funds and BNDESPar originally planned the offering for next month, but a major shareholder recently began considering postponing it to next year, due to the risk of election-year volatility in Brazil’s market,” Reuters states, quoting one of its whistleblowers.

The sources, who asked to remain anonymous because the negotiations are ongoing, also said that Japanese trading house Mitsui & Co and holding company Bradespar, which are members of Vale’s controlling shareholder bloc along with the pension funds, will not sell any portion of their stakes in the operation.

Following the publication of the news story, Vale shares, which were rising 1.8 per cent before the report, were up 2.1 per cent, at 42.50 reais in late afternoon trading in Sao Paulo.

The post Brazilian pension funds to sell stakes in Vale appeared first on MINING.com.

…read more

Source:: Infomine

The post Brazilian pension funds to sell stakes in Vale appeared first on Junior Mining Analyst.

Argo Gold sells Rockstar property in Ontario

By analyst

By Valentina Ruiz Leotaud

Just a month after selling its South Wawa gold property, Toronto-based Argo Gold (CSE: ARQ) announced that it is selling its Rockstar Gold Property to Manitou Gold (TSXV: MTU).

Rockstar is located in Ontario’s Sault Ste. Marie Mining Division, 50 kilometres north-northeast of Wawa, and contains six known gold bearing occurrences. The most significant prospects are the Rockstar Prospect and the Tracanelli Prospect. Assay results from the first prospect have ranged from 1.4 to 61.7 grams gold per tonne, while gold mineralization from Tracanelli has ranged from …read more

Source:: Infomine

The post Argo Gold sells Rockstar property in Ontario appeared first on Junior Mining Analyst.