Exclusive KE Report Commentary – Wed 18 Jul, 2018

By Cory댊 Chris Temple and Rick Ackerman Round Table

We have a small round table today with Chris Temple and Rick Ackerman. We discuss the recent moves in the gold price with the big picture for the USD. The US markets are also considered with the overall strength. A final news story is the Commerce Department beginning its investigation into Uranium imports. It’s always great to here these two guys differing perspectives.

Download audio file (2018_07_18-Chris-Temple-and-Rick-Ackerman.mp3)

Click here to visit Chris’s website.

Click here to visit Rick’s website.

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From:: The Korelin Economic Report

Chris Temple from The National Investor – Tue 17 Jul, 2018

By Cory댊 Powell In Front Of Congress And Another Drop In Gold

Before heading to the Sprott conference I wanted to quickly record something with Chris Temple. We first discuss the Fed Chairman Powell’s testimony in front of Congress. Nothing new is being said but a reinforcement of the Fed hiking rates is a continuing theme. We also discuss the drop in gold and what this is telling the markets.

Download audio file (2018_07_17-Chris-Temple.mp3)

Click here to visit Chris’s site.

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From:: The Korelin Economic Report

Company News – Mon 16 Jul, 2018

By Cory댊 Novo Exercises Right to Purchase Half of Comet Well Royalty

Below is the latest news out of Novo. The purchasing of half the Comet Well Royalty is a strategic long-term play. It turns out another Company (International Prospect Ventures Ltd.) was taking a run at the royalty so Novo utilized its right of first refusal. Overall CAD$1.75 million will be paid in stages over 12 months. There are some further details on a sub-royalty noted in the release.

If you missed that last interview with Quinton be sure to click here. He answers a wide range of questions.

Click here to visit the Novo website.

…Here’s the news… Please email me any questions you have for Quinton – Fleck@kereport.com.

VANCOUVER, British Columbia, July 16, 2018 (GLOBE NEWSWIRE) — Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO) (OTCQX:NSRPF) is pleased to announce that it has exercised its right of first refusal (the “ROFR”) to purchase one-half of a 1% net smelter returns royalty (the “NSR”) on the Company’s Comet Well property in the Karratha region of Western Australia (the “Acquisition”). The Company is exercising its ROFR and matching the terms of an offer made by International Prospect Ventures Ltd. to the holder of the NSR (the “Holder”). The exercise of the ROFR is subject to the approval of the TSX Venture Exchange (“TSX-V”).

The consideration payable by the Company to the Holder for the Acquisition includes CAD $1,750,000 in cash, payable as follows:

  • CAD $1,000,000 upon receipt of TSX-V approval (the “Approval Date”);
  • CAD $250,000 on the six-month anniversary of the Approval Date; and
  • CAD $500,000 on the 12-month anniversary of Approval Date.

The consideration payable by the Company also includes the issue to the Holder of such number of Novo common shares, issued at a deemed price per share equal to the volume-weighted average closing price (“VWAP”) of the Company’s common shares for the 20 trading days immediately prior to the date of execution of a formal purchase agreement (the “Execution Date”), which equals the value of 9% of IZZ’s issued share capital at that date (the “IZZ Value”). The IZZ Value will be determined by reference to the number of IZZ’s issued and outstanding common shares at the Execution Date and the VWAP of IZZ’s common shares for the 20 trading days immediately prior to the Execution Date.

The Company has also agreed to pay the Holder a sub-royalty, in cash or satisfied by the issuance of Novo common shares at the Company’s discretion, based on either (i) resource reports being announced by the Company in compliance with either National Instrument 43-101 or the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves for the Comet Well property, demonstrating Measured Mineral Resources or Indicated Mineral Resources of gold, or a combination thereof (together, the “Announced Resources”), or (ii) if there are no Announced Resources but the Comet Well property is being mined by the Company, gold produced by the Company (“Mined Resources”), as follows:

  • For Announced Resources and/or Mined Resources up to 5,000,000 ounces of gold, Novo shall make a payment of CAD $0.50 per ounce; and
  • For Announced Resources and/or Mined Resources over 5,000,000 ounces of gold, Novo shall make a payment of CAD $1.00 per ounce.

If applicable, any sub-royalty will be paid quarterly, and the obligation to pay the sub-royalty expires on the tenth anniversary of the Approval Date. The sub-royalty is only payable once in respect of Announced Resources that may subsequently become Mined Resources. If a sub-royalty is paid in common shares issued by the Company, the issue price will be determined by reference to the VWAP of the Company’s shares for the last 20 trading days of the relevant quarter.

The Novo common shares to be issued as consideration for the Acquisition, and any shares issued by the Company in satisfaction of any sub-royalty, will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation and the policies of the TSX-V as applicable.

“The exercise of this ROFR represents the Company’s commitment to the Comet Well and surrounding properties” commented Dr. Quinton Hennigh, Chairman, President, and a director of Novo Resources Corp. “We see substantial value in the minimization of any potential profit dilution from future operations in order to maximize the Company’s performance, noting that the Holder still retains a 0.5% net smelter returns royalty.”

About Novo Resources Corp.
Novo’s focus is to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 12,000 sq km. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com

On Behalf of the Board of Directors,

Novo Resources Corp.

Quinton Hennigh

Quinton Hennigh

Chairman and President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking information

Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, statements as to the prospectivity of the Comet Well property. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the mineral resource industry as well as the ability to develop the Comet Well property.

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From:: The Korelin Economic Report

John Rubino over at Dollar Collapse – Mon 16 Jul, 2018

By Cory댊 The housing Market – Supply Is Starting To Pick Up

John Rubino joins me to discuss some recent quarterly data out of the US in the housing sector. With price back to the peak of the last housing bubble the data shows that supply is also starting to pick up. I compare what we are seeing in Canada to the US and some of the differences from the 2006/7 crash.

Download audio file (2018_07_16-John-Rubino.mp3)

Click here to visit John’s site.

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From:: The Korelin Economic Report

Cory’s Insights – Mon 16 Jul, 2018

By Cory댊 What Catches Your Eye At The Sprott Conference?

Tomorrow the Sprott Natural Resource Symposium commences tomorrow in Vancouver. Below is a link to a breakdown of exhibiting companies at the conference. I will be attending Tuesday and Wednesday so please let me know what companies you would like me to chat with.

Although I spend the vast majority of my time at these conferences hunting out companies if there is a speaker you think is very interesting please share those thoughts as well. I can be reached at Fleck@kereport.com.

Click here to review all the exhibitors at the conference.

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From:: The Korelin Economic Report

Company Profiles – Sat 14 Jul, 2018

By Big Al Chris Temple interviews Enterprise Group’s Des O’Kell

Chris shares another company profile from his web site; today with Sr. Vice President Des O’Kell of Enterprise Group (TSX-E; OTC-ETOLF.) As you’ll hear, Calgary-based Enterprise emerged from the energy bear market in great shape and now–among other things–is poised to get added business from two of western Canada’s largest projects.

Though its shares are up some 150% from their bear market bottom they remain slightly less than half of book value.

To learn more at Enterprise’s web site, VISIT HERE

For profiles of this and other companies at Chris’ site, VISIT HERE

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From:: The Korelin Economic Report

Weekend Show Politics – Sat 14 Jul, 2018

By Cory댊 Hour 2 – Trump and US Politics

Download audio file (0714-KER-Politics-Hour-2.mp3)

  • Segment 5: We open KER Politics with Rick Ackerman and some general philosophical opinions.
  • Segment 6: Larry Amernick and Big Al discussion the question “Do you want people with no morals to be in power”.
  • Segment 7: Chris Temple and Big Al Discuss the Ways of the World-with- bit of suggestive criticism use.
  • Segment 8: Chris Temple and Big Al continue their discussion about the current state of the Land of the Free and the Home of the Brave.

Segment 5

Download audio file (0714-2-1-1.mp3)

Segment 6

Download audio file (0714-2-2-1.mp3)

Segment 7

Download audio file (0714-2-3-1.mp3)

Segment 8

Download audio file (0714-2-4-1.mp3)

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From:: The Korelin Economic Report

Weekend Show – Sat 14 Jul, 2018

By Cory댊 Hour 1 – Inflation, Trade War Fears, and Comments On The Pilbara Exploration Plays

Download audio file (0714-KE-Report-Hour-1.mp3)

  • Segment 1: Jesse Felder kicks off the show addressing the US inflation data we saw this week.
  • Segment 2: Trump and and Fed have been following through on what they promised. Axel Merk shares his thoughts on what that means for the markets.
  • Segment 3: Lobo Tiggre, Editor of the Independent Speculator shares some thoughts on how he does his due diligence on junior companies.
  • Segment 4: John Kaiser wraps up the first hour with his thoughts on Novo Resources and the overall Pilbara play.

Exclusive Company Updates and News


Segment 1

Download audio file (0714-1-1-1.mp3)

Segment 2

Download audio file (0714-1-2-1.mp3)

Segment 3

Download audio file (0714-1-3-1.mp3)

Segment 4

Download audio file (0714-1-4-1.mp3)

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From:: The Korelin Economic Report