Uranium Stocks Gone Wild
Lots of activity in the uranium sector these days. Junior miners like Fission Uranium, NexGen and Denison are all trading like crazy. Fission is up 40% this year alone and NexGen is up over 100%. In general there is re-newed interest going on in the mining and exploration sector in general and that interest is reflected in the HUI. Most gold stocks have leveled out since the run up seen at the beginning of the year.
A few more claims have been added to the classified ads. This week we listed a rhodonite mine on Salt Spring Island BC. This would be a good hobby mine for any placer miner who wishes to spend winters in a warmer climate any one who wish to get involved in the semi precious stone market. Rhodonite is a popular mineral among rock collectors. When it forms large crystals or has a deep red color it is extremely sought after by collectors and can command very high prices.
Also we have a featured sponsor this month. Byzantium International Ltd. which is a precious metals buyer and refiner would like to showcase their company. Not only a buyer but Byzantium also stores and vaults precious metals and other valueables. You can follow up on this company HERE.
Have The Metals Hit Bottom?
Lots of commentaries figure gold has bottomed out and really has nowhere to go from here but up. Some stocks have seen 50% returns since the end of 2013 already and there is a lot of news out regarding work activity. Uranium stocks seem to be getting aboost lately as good results are coming out of the Athabasca Basin play. Fission Uranium is one of the main players there and has seen some off the chart readings.
New page added to the website in regards to places where you can buy precious metals online now and also some new claims and gold mines for sale in the classified section.
This up coming season I plan on taking photos of different placer operations out there to add to the site for readers. If you have any photos of your mining operation that you would to show, feel free to send a couple of photos. The junior miner readers will love it.
In keeping with photos from mining operations that have been sent to me, I would like to add the following 2 photos of floaters from New Zealand.
Mining New Zealand Style
Happy New Year to everyone. If you are in Canada where I have been shoveling record snow falls, getting pictures from New Zealand is looking pretty inviting. I know a lot of readers out there that would be quite envious of being able to be out sluicing right about now with such a stylish floater.
The Best Of The Season To All
Junior Miners would like to wish everyone a Merry Christmas and a Prosperous New Year. Thank you's go out to all of the subscribers and advertisers that have used the website throughout the year. Special thanks to all the readers who come here every month checking out the classified section. Stats show about 35% of all the website visits are returning visits and close to 70% of all traffic goes to the classified section.
Although the markets were dismall and gold prices fell, there is still a huge interest in mining properties. During the year we posted close to 40 mining properties. Some of these properties sold fast. One property in Keno sold in about 3 days while a large property in the Kootenays that was just listed last month sold with in the first 6 weeks of being listed. This goes to show that good properties at fair asking prices are selling and also shows that there is still a lot of interest in minng claims. Don't let the low gold price fool you. Everything runs in cycles and every down cycle will eventually turn to be an up cycle.
Lucky Buck Gold Mine
Large fully permitted placer gold mine in southern British Columbia. This land package contains one and a half square kilometers of highly prospective placer gold ground. Ore body tested and proven so far contains over 800,000 cubic meters of material averaging over 1.8 gram per cubic meter.This translates to over $60 million of in ground gold value on just one of the three claims.
Gold is coarse and rough edged with many nuggets having quartz inclusions. Nuggets to 1 ounce recovered in 2013 season with many in the 1/4 to 1/2 ounce range. In 72 days of bulk sample testing we recovered over 300 ounces of gold.
See full page ad with photos of this property HERE
It's Rollback Time Again
Just like Walmart, some of these junior miners want to do the roll back too. Problem is it is not always great for those who have already been a consumer of the company stock. I am not sure what to think about companies that start the old rolling back of 1:5 or 1:10 share basis. You have a 2 cent stock that ends up being a 10 cent stock but the treasury is still empty and the stocks starts to drift down anyhow. Back down to 2 cents or maybe even less. I don't really know why some companies do this. One of the reasons is that if you have a higher stock price it can be a bit easier to get financing. A lot of funds or money managers don't like dealing with companies that a quadzillion shares outstanding with a price of 1 cent. Having said this though I have rarely seen a rolled back stock ever get to a point where you were back in the money. I can't think of any but I do know of lots that just ended up in the same situation as they were before the rollback.
What really bothers me is there is a cost to all this. A lot of companies roll back the stock and do a name change. This all requires a lot of legal work along with stock exchange filings etc. and that all costs money. Money that could be used on a project, a JV or something more tangible. If nothing can be found as tangible, how about maybe just sit on what cash you have for a while and seek opportunities. I personally get upset because I have been involved as a share holder in various rollbacks and have yet to come out in the green and I could never figure out the name change. For me it's like management thinks that a new name will present new opportunities or new stock holders. Maybe it worked well years ago but in todays enviroment with the internet that NEW name is still painted with the old brush in my opinion. Anyone who does any kind of DD on management can soon figure that out.
So which companies are rolling back? Well this past week Decade Resources DEC did a 1:5 rollback. Foundation Resources FDN got an OK for a 1:10 rollback along with a name change to Birch Hill Gold Corp. effective Oct. 28 2013. I am sure that there are many more in the pipeline here and I have started posting them here and letting you the readers know.
Breakout For The Juniors
If you are a chart freak and trust trends, then the chart below should give you some idea of what could be around the corner and hopefully into 2014. While a lot of gold bugs are hopeing for a total collapse of the money system so the price of gold sky rockets, there is the rest of us that like to see some of the mining equities gain some ground that we all lost buckets of money on over the last 2-3 years.
There are lot of little miners who are going to disappear do to lack of money but there are some other good miners who are going to thrive. Some of these miners are loaded to the gills with bucks in the treasury and have lots of gold still in the ground. The job of an worthy investor is to find those players who have all the goods and are selling at rock bottom prices. Some of the biggest money to be made in stocks will be made in mining stocks over the next few years and some of the returns will make the dot com era stocks look like a chump change.
Could This Be The Worlds Next Nickel Camp??
While a lot of junior stocks are taking a beating, North American Nickel is seeing investors take a shine to it. The junior miner has been working hard on it's 100% owned Greenland project and has released drill results in the past few weeks that are really quite impressive. Assays are do out sometime this month and the way the stock has been performing the last few weeks, it looks like this junior is the headed to be a shining star. When you start to look at trading volumes and investor interest, you almost start to think of Zenyatta. And when you start to look at the size of this property, you start to think of Voiseys Bay.
Read more about this play and others here
The following is an open from the CEO of NAN:
Part of every Public Company's responsibility to its shareholders is to be relentless in getting your story to the investing public. In the sort of risk averse markets we have all seen for four of the last five years, it can be a challenge to keep pushing, as so often, it seems "no one is listening".
We are very pleased to see that our 100% owned Maniitsoq Nickel-Copper-Cobalt PGM project in SW Greenland story has now caught the public's interest. Liquidity is very important to all investors and NAN's volumes are very encouraging and allow all investors the freedom to trade the stock; buy and sell. Below is this morning's report on NAN's where we are featured as "the Daily Momentum Gainer to Watch on Smallcappower.com"
I would like our shareholders to know that we are now planning two marketing "road shows" too expand the audience for both the NAN and VMS stories.
We will be in Vancouver next week from Wednesday, September 25 through Friday, September 27 and we will be in Toronto from Wednesday October 2 through Friday, October 4.
Chief Geologist John Pattison, who's 20 years with Falconbridge has been invaluable to our nickel sulphide exploration and discovery work at Maniitsoq will be with me in both cities. Neil Richardson, COO, will be with us in Vancouver and he will discuss VMS' Reed Copper project, Manitoba's next copper mine.
We will host an aftermarket presentation and wine and cheese gathering in both locations, so our shareholders and those not attending our various broker/banker meetings can also hear the stories and interact with our team. Vancouver is set; the Toronto date/place will be confirmed next week.
NAN/VMS Personation in Vancouver: Thursday, September 27 at 1:30 pm at the Terminal City Club at 837 West Hastings Street.
Finally, it is good to see the market begin to recognize the VMS Ventures' 27.5% ownership of NAN has value, too. Volumes are still light, but the stock is "inching" higher.
Bentonite Mine In Kazahkstan
Bentonite is widely used in drilling, farming, as sealant, as food additive for livestock, cement, adhesives, ceramic bodies, winemaking, paper manufacturing, cat litters production, production of copper concentrate and many other areas.
We sell the rights for pit development of bentonite clay field till 2025 (time duration can be extended). The mine is located in Eastern Kazakhstan (ex-USSR country).
See full page ad with photos of this property and equipment HERE
Upper Frisco Creek - Dawson Yukon
New Age Drilling and Mining has opened up new ground on a Beringia ground creek, which is a rare find anymore in the Yukon. We own 15 claims on Frisco Creek with options on another 30 up the creek. The ground has proven very positive and we continue to work up the creek, opening up ground for the future. This a a full scale mining operation with a complete line of modern up todate equipment.
See full page ad with photos of this property and equipment HERE
Contact: Stuart Young
New Graphite Section Added
There is a new list of graphite miners added to the site. You can view this list here. There has been a lot of interest in the junior miners looking for graphite since the huge run up in Zenyatta. Everyone is wanting to try to find the next ZEN so I hope this short list will help out somewhat with your investing decisions.
Gold and silver both getting pounded again these days. Most gold bugs say it has to come to an end soon because of physical demand over riding the paper issues.
Stand And Deliver?
Lots of talk on the net about the Comex. Seems that there might not be enough gold stashed away for those who would like to take delivery of their metals. Some articles are quoting that as high as 50 requests per ounce.
There has always been speculation that the Comex has loaned out more gold than they had because of course nobody really takes delivery. They just roll over their contracts. So over time there is the chance (wink wink) that the Comex might have loaned out than they had and now that some people are nervous about the finanical situation that is going on in the world with bail ins and bail outs and everything else going belly up, some of these people want their gold for insurance just in case things get a bit out of hand.
After all there is a lot of people really starting to wonder if there is any gold at all? Maybe it has been sold off to other Central Banks or other countries, never to be seen again. Like how would you feel if you have a futures contract for 100 ounces of gold and then requested to have that gold delivered to you only to find out that it could take up to 100 days or maybe longer. And no, you do not want cash or credit or any other IOU. You bought a contract for gold and GOLD is what you want and you want it delivered now. And if that didn't happen, you would probably be a bit more that just upset.
Good times Ahead In Metals?
Over the years one learns that when you see the media or companies saying one thing, it's time to do the opposite especially if there is money involved. Case in point: I noticed on the Kitco website they have a small banner, the one on the left, that asks if you got gold or silver? If so sell them your gold and silver and do home renovations with the money. Why were they not asking for your gold and silver when gold was $1900 an oz. and silver was almost $50?
The next big question is that if the economy shrinks like so many suggest will happen, then you just might get a better deal on building materials or at least on some trades help and labour. Looking forward I would not really want to sell my gold or silver out quite yet. I would like to wait it out a bit longer as it does seem that the metals are indeed in an uptrend. Buy low sell high? Isn't that how it works?
We have a new listing just this week for the large placer show in Alaska. For anyone wanting to get into buying a gold mine be sure to check this one out.
Are We Seeing A Rebound In Gold?
There is a lot of talk that the low in June was the low. There is also a lot of talk that gold will exceed the old high of $1900 within the next 12 months. A higher gold price would be nice for the gold bugs and of course the juniors also.
Gold Prices Firm
Gold prices seem to have firmed around the $1300 area. Silver has been stuck under $20 for a long time. There are lot who are saying that the days of cheap gold are coming to an end though. Lots of articles about the drawdowns at the Comex and the entire global shortage of real physical gold. There is quite a few different writers who have been posting impressive charts of this drawdown of physical metals. Time is running out and we could very well see a real good short squeeze on both gold and silver.
These low prices have put a damper on exploration and mining in general. In the past few days Alexco announced that they would be shutting down their operation in Keno Yukon this fall and then restart in the spring due to the low silver prices. This shut down alone will put about 100 workers out of a job. Barrick Gold has said they are looking at selling some of their properties also.
Lots of negative talk about a whack of juniors shutting down or going bust because they can't get money to continue their work. This maybe true to a certain degree but at the same time there are a lot of good quality juniors out there that do have money and there are others that do have good properties and most of these companies are bargain priced right now. Don't let the naysayers get to you. Do your DD on some of these companies and find out which ones have the best upside and get on because they will either get bought out or they will merge with someone else and make things happen.
Not many claims being listed these past few days. There is a listing for a couple of crown grants across the lake from the Old Engineer Mine west of Atlin BC. Crown grants are as rare as hens teeth. I don't think you can even get a crown grant anymore other than in cases like this where they come up for sale. Be sure to check this out if you are into looking for a great real estate investment. See the listing for crown grants here.
One More Bear Raid On Gold?
Bo Polny who runs a charting service says there should be one more down day for gold. He figures July 10th will be the last day for a bear raid on the yellow metal and then there should be an up swing. Keep in mind the word "should". Bo Polny has been quite acurrate over the last while being out by only a day or two on targetted cyclical days.
With the gold price suppressed this summer a lot of juniors are having a tough time getting money for exploration. A lot of Yukon plays are not happening either. Yukon zinc announced lay offs at their mine near Ross River. Victoria Gold's project is also postponed from what I have heard.
June saw only a few listing for claims for sale. One property is 23 cells in the Atlin area on Davenport Creek. For more listings go here.
Gold prices have taken a beating lately and silver is not better. Reading different analysts opinions about the tumble in metal prices and a lot seem to say the worst is over. I think most junior stocks are at their worst point in time. For those who have good land holdings and some cash on hand, there could be some great bargains out there for buy outs or take overs.
Gold is still gold and has held it's value since the beginning of recorded time. The ones who know and understand this concept the most are the miners both big and small. There is still a big interest in gold producing porperties and there has been a low number of properties offered for sale this year as compared to other years. Good properties that are reasonably priced still sell fast or show a lot of interest.