The following is written by David Duval. You can read more of his writings at JSMineset.com
With Commodity Prices Trending Upward, Near-Surface Mine Development and Royalty Model Become Options for Junior Explorers
By David Duval
The contemporary wisdom that "bigger is better" has taken a well-deserved beating since the credit crisis unfolded and destroyed some of the world's largest financial institutions in its wake.
With large-scale project financing options limited or non-existent because of the credit crisis, many of the smaller players in the global mining industry have been forced to review their growth strategies, a trend that could see historic mine development practices making a comeback and less mainstream business models adopted.
Perhaps not since the turn of the 19th century has the appeal of "small" become so attractive. Indeed, today's examples encompass a broad range of industries including power generation (wind turbines, small hydro, solar etc.) and small mining operations that provide feedstock to portable or centrally located process plants and refineries, a practice that is relatively common in Asia and Africa.
Not being major enterprises with large industrial footprints, long permitting periods, and high capital costs, these businesses can be developed incrementally from ongoing cash flows, substantially reducing the risk to investors. In the "good old days" this scale of development was the rule rather than the exception and most of the world's major gold camps were discovered and developed on this basis over a century ago.
In his book titled, History of Dakota Territory by George W. Kingsbury describes the development of the Homestake Mine in these words:
When the claim was purchased by the Homestake Mining Company the exploration consisted of small surface pits only and some mining men considered its value as doubtful although there were a number of favorable surface indications. The company immediately began the further exploitation of the property and two shafts equipped with hoisting engines were sunk and various drifts were soon under way.
By July, 1878, or the year after the purchase of the claim, the first mill of eighty stamps was constructed and in commission. With the first dropping of stamps it was proved that the mine was a producer and from that small beginning the mine has steadily expanded, breaking all records and setting a new pace in the world of gold mining. Although it is a very low ore, illimitable tonnage is at the disposal of the company and large mills, the most improved mining machinery and great mechanical power enable the mine to pay large dividends.
It's worth noting that Homestake was listed on the New York Stock Exchange in 1876 and its now dormant South Dakota mine produced approximately 40 million ounces of gold over a 120 year period before the mine's economic reserves were exhausted in late 2001.
Mimicking the discovery of other major gold finds at the time, Homestake began as a surface showing with gold values occurring in vein material that was easily distinguishable from adjoining wall rock. Pick and shovel mining provided a bulk sample for metallurgical test work and grade estimation.
First off, however, the miners recovered gold from alluvial gravels that were eroded from the hard rock vein material. Exploration shafts were then sunk to evaluate the vein material at depth, producing gold in the process to offset exploration costs.
In many parts of the world (including Africa and Latin America) artisanal miners have already gained access to sub-surface vein material by hand sinking small shafts and mining along the vein structures. In fact, you would be hard pressed to find a major mine in Africa that didn't have such workings within its property boundaries. These old workings facilitate target selection and the development of a resource base for production purposes.
Because of its high specific gravity (gold's relative weight to that of water) gold concentrates in stream beds within alluvial gravels and it can be extracted by mechanical methods that take advantage of the fact it is 19.3 times as heavy as water.
Gold occurs in many different geologic settings but two basic types of occurrences or deposits are recognized: primary and secondary. Both rely on similar chemical and physical processes to produce economic concentrations of gold ore.
The Homestake discovery didn't have the advantage of present day drilling technology to confirm the existence of an orebody whose life would extend for more than 100 years. Instead, the economic viability of the mine was established by mining and processing the easily extractable surface material with equipment that used gold's specific gravity to produce a saleable concentrate. In the late 1890s, cyanide was employed to recover fine gold from rocks and is still used under carefully controlled conditions.
Even today, gravity separation is the best proven and accepted technique of concentrating minerals due to its high efficiency and low cost. In addition to gold, gravity separation remains a primary means of concentrating iron, tungsten, tin and coal ores.
Process plants (mills) for gold need not be large and in fact they are often manufactured and assembled in large industrial centers where skilled trades people are readily available. By employing modular construction techniques, equipment can be brought into a mine site by truck, air transport and in the case of tidewater locations, by sea barge. The various modular sections are simply joined together like a kid's Lego set on the mine site. As the operation expands, new modules can be shipped to the site and added to the existing plant facility.
In order to reduce capital requirements, companies often employ contractors to mine their mineral deposits at a fixed price, locking in costs for the term of the contract. With contract mining, a company need not acquire in-house mining expertise or equipment that would only be utilized on a seasonal basis in any event. For smaller operations, contractors can provide services for a sufficient length of time to develop a stockpile for year round milling operations.
What's surprising about today is the reluctance of many companies to consider the small scale, staged development of mineral deposits which is much less risky from both a financial and technical standpoint. In gold's case, some of that reluctance no doubt relates to the belief by analysts that any company producing less than 100,000 ounces won't get adequate market recognition. But as we've seen during the global financial crisis, analysts sometimes make a habit of being just plain wrong.
Nonetheless, in an escalating commodity price environment, the appeal of these modest-sized operations is certain to increase, especially where possibilities exist for multi-sourced production that will boost consolidated output to even more attractive levels. This has been a feature of China's mining industry for generations and is certain to catch on in the West before too long.
Physical gold output even on a small scale basis provides price leverage to companies in the marketplace, especially for situations where the exploration potential leaves room for future production growth.
The Royalty Model
Less mainstream perhaps but even more attractive to the market are royalty companies who either purchase royalty interests (and gold production) in producing mines or seek to acquire royalty production through exploration successes.
Companies bringing new mines into production are sometimes willing to sell Net Smelter Royalty (NSR) interests in their operations to offset some of the capital costs. But these royalties are prohibitively expensive for junior companies with limited access to such capital.
This is not an issue for royalty companies that employ an exploration model, however. In these situations, companies with strategic land positions in established gold belts deal off their holdings to third parties in exchange for a royalty interest should the property achieve commercial production. In the interim period, the royalty partner agrees to make staged exploration expenditures and property rental payments (usually escalating) until commercial production is achieved.
The premise behind this royalty strategy is that companies can discover gold at a much lower cost by utilizing their exploration expertise and core assets as opposed to purchasing production on the open market. Clearly, it's a strategy whose time has come!
The following is written by Dan Duval and reprinted with permission.
Evaluating the merits and future prospects for a junior exploration company is a highly subjective process. Intangibles such as political risk, financial risk, market risk, commodity risk, technical risk and a host of other variables confront companies across the entire minerals industry spectrum. Nonetheless, no matter what the relative size of the company or the commodities segment it’s actively involved in, the best place to start your evaluation is with management.
This is especially true for junior gold explorers, the segment of the minerals industry that accounts for the largest proportion of global exploration expenditures and, predictably, the vast majority of new gold discoveries.
In reality, these are the “feeder companies” for the major gold producers whose primary focus is usually weighted to production (i.e. bread and butter issues) rather than exploration. In order to maintain the annual production rates that underpin their share price valuations, these majors need new sources of gold production and junior explorers are usually the ones that feed their insatiable appetites. Not surprisingly, when push comes to shove they are generally willing to pay a king’s ransom for undeveloped, economically viable gold resources in the ground.
Let’s have a broad look at several important criteria one should examine before determining a suitable investment in this often complex but infinitely exciting investment sector.
Management: Do the Litmus Test
It shouldn’t come as any surprise that good management can spell the difference between success and failure. So how does one determine if management is good or bad?
First and foremost past success is arguably among the best litmus tests for gauging management, although it’s certainly no guarantee. In this Internet age, regulatory filings and Google searches can often reveal a library of information on specific individuals and corporate entities.
A good CEO with a track record that includes at least one notable success generally has the ability to attract risk capital because people like to bet on a jockey that’s won a race already. In addition to having market recognition from past successes, they often tend to be magnets for high quality exploration projects.
Most investors in this market sector have observed seemingly well qualified management ruin good exploration companies because of bad technical judgements and even poorer market decisions. In the latter case, non-market oriented executives often forget that markets and exploration-related activities are closely aligned - if not joined at the hip. Those who manage one without paying attention to the other do so at their peril.
These days it’s quite uncommon for industry executives to have a personal investment in the companies whose future they control. Instead, they elect to take large salaries and award themselves cheap stock options which are typically re-priced lower when the company’s stock price reflects their lack of success.
Executives who are willing to risk their own money with ordinary shareholders have an added incentive to be successful. In old fashioned terms, it’s called “putting your money where your mouth is” - a lesson that unfortunately is largely ignored by most contemporary mining executives. Their shareholding need not necessarily be large but it should at least be meaningful.
It’s also wise to look for management with a broad knowledge of the minerals industry and capital markets, both of which are integral to running a successful company. These attributes need not be exclusive to the CEO but they should feature prominently within the corporate management team including the board of directors.
Senior executives don’t necessarily have to be geologists or engineers but they should at least have the ability to attract, manage and motivate a multi-disciplined group of industry professionals who share the corporation’s philosophy and objectives. Who can forget Paul Penna who brokered penny stocks in Toronto before he became the guiding force and chief executive behind one of the most successful mining companies in the world, Agnico-Eagle?
Personal integrity and the ability to communicate the company’s message to shareholders and the marketplace round out the critical attributes that one should look for in public company management.
Summary:
In the minerals business, past performance is often a good indicator but not a guarantee of future success. Pick management with strong track records and preferably at least one notable success (i.e. mineral discovery). The ability of management to raise capital to fund the company’s activities on an ongoing basis is also critical as the price of any exploration company’s stock is results driven - and getting those results costs money.
Management integrity can be determined by examining the way a company conducts its business, especially in foreign jurisdictions. In the case of developing economies, this would include a strong commitment to the principles of sustainable development.
Also, one should keep in mind that a company can be a success in the marketplace without taking a project to commercial production. In fact, the majority of mineral explorers never achieve such a distinction, selling out instead to an operating company with production expertise, perhaps retaining a royalty in future production.
Project Selection: The Best Place to Find a Mine is Where There is One
There are many aspects to selecting a good minerals project. But smart companies attempt to reduce some of the geological risk by exploring areas with known mineral potential as well as active mining operations.
Most of the world’s gold production comes from greenstone belts, ancient volcanic and sedimentary rocks that feature prominently in the mining industries of Canada, Australia and South Africa. These belts typically host a broad range of metals including gold, silver, platinum, nickel, copper, lead, zinc and even diamonds.
When you examine the evolution of these belts from a precious metals standpoint, new discoveries are being made well over one hundred years after the initial discoveries. Emerging greenstone belts, including the Lake Victoria Greenstone Belt in Tanzania, are relatively early in their development and will likely account for increasing amounts of gold and base metals production in the years ahead. In these regions, the larger the land position you have the better!
Companies exploring such areas are generally good exploration bets because the infrastructure in these regions tends to be better and the local population generally has a cultural affinity towards mining.
Summary:
Pick companies with large strategic landholdings and exploration projects in areas with proven geological potential, active mining operations (= good infrastructure), and a recent history of discovery and new mine development.
Project Development: Establishing the Big Picture
Exploration methodology has changed little in decades with the exception of data processing which today is understandably highly computerized. “Boots on the ground” remains the most effective method of discovering mineral deposits and that’s not likely to change any time soon - if ever.
Evaluating an exploration project is most meaningful at the drilling stage and this is when investors usually step into the marketplace. Market activity during this period is generally based on the timely release of exploration results. Understandably, diamond drilling or rotary drilling results are considered the “Gold Standard” during this phase of exploration because these results comprise most of the input data for resource calculations.
In Canada, geologists must adhere to the 43-101 standard when reporting resources for any commodity. This standard is a codified set of rules and guidelines for reporting and displaying information related to mineral properties; and it applies to any company listed on a Canadian exchange which is where the majority of the world’s junior explorers are trading.
Resource estimates are by far the most misunderstood feature of the 43-101 reporting standard. Investors like to apply values to resources that have not been proven economically viable which is a long, costly process. This is particularly true for “Inferred Resources” which have a great amount of uncertainty as to their existence, along with their economic viability. It cannot be assumed that all or any part of any Inferred Mineral Resource will ever be upgraded to a higher category.
For large exploration projects, most companies focus on developing the property-wide potential with widely-spaced drill holes. The reason for this is actually quite simple and practical. Drilling is expensive so rather than expend money tightening up drill hole spacing to produce a resource with no economic legitimacy, companies prefer to assess the global potential to ensure they end up testing the most attractive targets.
Summary
When assessing the potential of a mineral property, make sure your analysis falls within a big picture context. One thing to look for is a broad distribution of gold values on the property. You can find comprehensive information on exploration companies from publicly disseminated news releases and regulatory filings. The technical information in these filings has to be 43-101 compliant, providing a high measure of security to investors. Be careful not to apply economic viability to any resource category, especially inferred resources. Even resources that are included in a full fledged feasibility study are subject to various assumptions including future commodity prices.
Exploration Agreements: The Devil is in the Details
Minerals exploration is often conducted under joint venture agreements. In these situations a corporate entity has the right to earn a specific interest in an exploration project for a set expenditure over a specific period of time. In most cases, the expenditure commitment would include money for exploration and staged option payments to the property owner. Look closely at the JV agreement to determine what interest the optionee can earn (the larger the better) and the cost associated with earning that interest.
Junior partners involved in exploration joint ventures with major companies are at a distinct disadvantage. Make sure they have the internal ability or have sought professional help to ensure their joint venture agreements do not subject them to any derivative-related exposure or accounting related issues at production that will prevent them from achieving a timely return on their investment.
Summary
Exploration agreements are important and can make or break a company. Make sure you know exactly what interest the company will end up with after the earn-in period. Also, beware of excessive financial commitments (including non-exploration related option payments) that can put the company at risk during periods of market weakness. In the event commercial viability is established, ensure the production agreement with the major allows for a timely return on the junior partner’s investment.
Some companies opt for Net Smelter Royalty agreements (NSR) which limits the financial risk associated with funding exploration work themselves. The royalty model allows for industry partners to earn up to a 100% working interest in an exploration project for a firm exploration commitment and rental (option) payments over a specific time period. In this particular case the property vendor would receive a sliding scale royalty (based on the gold price) should the property achieve commercial production. Because achieving commercial production is the responsibility of the project operator, the royalty partner does not suffer any dilution of shareholder’s equity or development capital risk.
A net smelter royalty (NSR) is the amount actually paid to the mine or mill owner from the sale of ore, minerals and other materials or concentrates mined and removed from mineral properties. This type of royalty provides cash flow that is free of any operating or capital costs and environmental liabilities. A percentage of an NSR royalty on an ore body can effectively equate to a larger percentage of the economic value of the ore body.
Royalty companies have low overhead, are relatively easy to evaluate, and generally command a premium in the marketplace.
Summary
The royalty model is virtually risk free but realizing royalty income from an exploration property is dependent upon the project operator achieving commercial production. For exploration companies, holding a strategic land position in a developing gold camp is an essential requirement to attract royalty partners. Royalty exploration companies operate under the principle that you can find gold cheaper through exploration than you could by purchasing production through royalty agreements on the open market. Royalty companies are attractive because they typically command a premium in the marketplace.
Both gold and silver have gained quite nice so far this year. Silver is up 50% from it's rolling 52 week low and gold is up a tidy 10% in the last 30 days alone. With oil prices down, fuel costs may ease a bit and make it more bearable for some juniors to continue with their exploration programs this year.
Stocks that have done well since the start of the year. Nova GoldNG-T up almost 200%, SilvercorpSVM-T up around 100% and Silver WheatonSLW-T also about 100%. Tanzanian RoyaltyTNX-T has climbed about 30% and Eldorado GoldELD-T has climbed about 30% also. Most small base metal players along with precious metal plays have not really performed much at all although it seems that most have found their bottom so for those looking to maybe starting to look for bargains, the bargains are their. Biggest issues for most juniors now will be access to capital.
You may have noticed that we have put up some small links on the site that state we are looking at selling this website. Because we have mineral properties of our own we are finding that trying to keep this website updated on a regular bases and being in the field, some things get left undone. So for those who maybe interested in owning a mining related website, we have extra information right here. Good domain names with well positioned digital realestate is inself an investment for the future.
Credit Crunch. The Grinch That Stole From The Juniors
Dec. 27/2008
Well it's been a month or more since we have been online with news. With the credit crunch still in full swing, a lot of the plays we follow here are starting to feel those effects. For starters, RedcorpRDV-T put out news that their Tulsequah Chief mine will be put on hold for a bit. You can read more right
here. In the same area of northern BC, Adanac MolyAUA-T is looking at shutting down their Ruby Creek Moly project. There is more to read right here. And if all that wasn't enough, even the diamond industry in northern Canada is starting to suffer. And you can read a bit more of the right here. Even one of our silver plays, Silver EagleSEG-T is running low of money and may have to curtail some of it's plans. Nova GoldNG-T also is running short of funds and their stock is well off it's highs although it has rebounded somewhat in the last while.
Large players of interest over the last month that have seen good turn arounds and ones to follow into the new year is Tanzanian RoyaltyTNX-T and Silver WheatonSLW-T. Both these stocks are ones to have on the watch list in 09.
Gold @ $2000 by the year end? Have a watch at this clip below. If this is true and happens, this will make ALL of our members in our Silver Purchase Program very very happy for Xmas.
It's been said a picture is worth a thousand words. The picture above illustrates very well what is going on in the world of MONEY. Have you tried to buy any physical gold or silver lately? If not be prepared for some abnormal waiting time.
With money drying up in the credit markets also it is going to be very difficult for a lot of juniors to continue on with various projects. Exploration is a high stakes game at the best of times and these times right now are not what a lot would call good times. For those juniors who have been around a bit longer and are more established with extra cash on hand, these companies may see it through a bit better. For companies with good properties in place there will be buy outs from majors with cash for sure. Right now some juniors are said to be trading for less than cash on hand value.
How this money crisis is going effect place and people has the potential to be very nasty. A look at a news article on CBC North paints a bleak picture for the exploration plays in the Yukon area.
We will be off for about a month so there will be few updates during that time. Emails will be monitored and answered but not quite as fast as same day.
We get a lot of email here from different people and companies that want this or that changed with their listing. It's really interesting to see how different people request things. Some people will write and introduce themselves, use please and thank you and reply back after the work has been done. Others are just @ssholes. Some of these PR people are totally ungrateful. No please, no thanks no acknowledgement whatsoever. I sure hope they don't treat interested investors that way. On the other hand maybe they do. That's why for some their stock price is in the toilet.
It is also interesting to see how cheap some people are. We had a guy wanting to post an ad for some mining property. He send me all his information. I posted it on the net like everyone I do and then I told him we charge 10 bucks. 10 BUCKS?? I don't want to pay 10 BUCKS!! No problem I said. I don't want to post your ad for free. I then proceeded to take it off the net. By the way, he was asking over 2 million for the property. Sell it yourself, buddy.
A lot is being written lately about the COMEX and it's manipulation of gold. As you know the COMEX is where gold futures are traded. The price of SPOT gold can go up or down around $100 dollars a day but investors are now seeing NO fluctuation in physical prices for gold. Physical gold is now selling at a premium. This weekend an interesting article was posted on how central bank selling is creating a premium for physical gold. Of course we have said that this would sooner or later happen. That is one of the reasons we became involved in the silver purchase program we are in. A lot of our reader who became members have found out that by word of mouth (and a bit of sweat equity) they are able to get silver for spot price and even less.
We just had a bunch of new members join up this weekend and we still are able to get Eagles at this time. So if you are thinking about getting started in aquiring some silver bullion, now is the time to act. Click Here for more information on our program.
Well here we are well into a new month and it seem that the news just gets gloomier by the day. Aside from the consumer going broke that we hear all the time, the question remains here at junior miners is how all of this will effect the junior mining sector.
Well this whole money crisis is going to effect many penny miners in a very big way. Lots of juniors may just fold up because of lack of capital. Others, even with projects on the go will find it a real struggle to obtain money. One of these companies that this may have an huge effect on is Starfield ResourcesSRU-T. This past week there was a news bit on them about their Ferguson Lake property in Nunavut. They are going to be needing as much as 1 billion dollars in the next few years if they wish to develop that property. Here is a news bit from CBC North.
So one of the questions remains. Does one still look at investing in juniors or not. Well in hard times gold has always been a refuge or safe haven, so to invest in small juniors that have proven ground is kind of a no brainer. After all the world is not going to come to an end. Life does go on. Gold juniors right now are a more than bargain basement prices. Do your DD on their properties, cash on hand, management etc. A few years from now you may be very glad you did.
You will notice that we have had a few videos on the site. We are now putting together a page of mining videos. This page is just started but as time goes one we hope to have a large selction of small videos indexed here. You can view that page right here.
Well today was a day a goldbugs dream comes true. When everything is tanking except gold, it can be a sight for sore eyes. The indexes were down huge along with most commodities like oil, wheat and the rest, but gold shone on. Silver fell some what also.
But that's not all that was shining. Diamonds are getting attention too. Tahera DiamondTAH-T had news out today that sunk their stock to 1 cent. A private group of investors are looking into buying the assets except there seems to be more debt owed than what they are willing to cover. You can read a bit more here.
Until next time. Bring home some nuggets, or should I say CARATS!
GAdams webmaster
Our DISCLAIMER
Are Juniors Getting Ready To Rebound?
Sept.22/2008
The past week has been sight for sore eyes as gold has seen some tremendous gains. Some of the larger mid cap players who had their stock prices beaten to a pulp are now seeing what hopefully is a bottom and now an upward climb back to where they were.
This month has also saw some news from the north and UravanUVN and its work in the Thelon. CBC north had a news bit on the subject. This news comes out just prior to messages of optimism from The PM on his northern tour that he is going to start eliminating red tape in the north so companies can get things done in a more efficiently with less duplication.
Ever wonder where all your readers come from on the net? While checking stats I was surprised to find out aside from Canada and the US, the 3rd largest percentage of readers where from ....... Jordan. In fact 20% of the readers are from Jordan. Who would have guessed. So a BIG hello to all those miners, prospectors, and geos in Jordan. Thank you for stopping around.
While on the stats subject, over at penny mining stocks, almost 80% of the readers there are from ........ INDIA. Whoda thunk that. Maybe it is because their country's economy is on an up swing and they can afford to buy stock in a lot of these great junior companies that we have listed. So to all those in INDIA, thank you for stopping around.
Anyhow that's about it for now. Get out and enjoy the last bit of summer we have.
Summer is over and fall is just around the corner. Too bad the metals markets aren't reacting to the end of the old so called summer doldrums. Lots of juniors being beat bad stock price wise. Lots of new lows. Some haven't seen lows like this for over a few years now. Not just penny players either. There are getting to be some well know large cap stocks that in the the area of penny plays now when it come to stock price.
We sent out emails to all those juniors who are listed in our directory. I must say that there is a lot of websites out there that need updating. Lots of bounced emails and dead ends. A special thanks to all who did respond with updated information. It is our pleasure to update listings with the latest information for investors to have on hand.
We spent a few days in Atlin BC looking over some placer ground. Not to far from where Adanac MolyAUA-T is situated. It was good to be in the north. Too bad the weather was not as co-operative. Rained everyday we were there and mosquitoes were out in full force. Got to do some GPS work finding points and did some till sampling. Yup .... even found some yellow stuff. We have posted some pictures below.
We are on assignment here for a while so write ups both here and over at penny mining stocks may not be as frequent as in the past.
Anyhow that's about it for now. Enjoy what is left of summer.
Until next time. Bring home some nuggets. We tried.
GAdams webmaster
Our DISCLAIMER
New Month
August 6/2008
The last few weeks of July saw gold and silver tumble hard. In fact as of today they are still in a downward motion. Summer time doldrums some would say. Other contend that it is a desperate US administration. Either way most juniors are all out in the field looking for the next big find.
It was a year ago this month that the ABCP issue hit the scene that has effected some of the junior miners. Companies like Redcorp VenturesRDV-T and others have had millions of dollars tied up in limbo. That puts a real dent into operations and on going work.
We are not having a featured junior this month and there will be no newsletter as we are going to be in the Atlin area working on some mineral properties of our own. While there we hope to stop and see others who are actively mining and exploring. Companies like Adanac MolyAUA-T on Ruby Creek and Prize Mining Corp.PRZ who is working a placer show on Pine Creek around the old original site of Discovery. We will try to get a few photos to put on the net here also.
Anyhow that's about it for now. Enjoy what is left of summer.
Some will tell you that junior mining stocks are most likely at their worst right now. Other will will tell you the very opposite. It's all about perception. Is tha glass half empy or half full. Looking back it is easy to see where we have been. Knowing all things run a course or cycle we can sort of say we know where things are going. There is a lot of talk lately of the the shorting of juniors and the depressed stock price. Knowing that, should be an indicator of where these shorted junior will really go. The further down equals the further upside. Most juniors of quality right now are undervalued and way over sold. Maybe that in itself is an indicator to maybe look at buying. And there is no better place to buy that at the bottom. Here is an interesting article on the subject that was posted on GoldSeek.com
Over half way through the year 2008 and it seems not much has changed. Gold has finally started a rebound along with silver but other metals such as zinc are still in the dull drums. Most of the juniors in the news last month were those who were out staking coal and potash claims. Good to see staking rushes going on. It makes some office workers pull up their socks a bit and get in the game.
With the past year being the credit crisis and related issues, it seems some juniors are finding it tough to find new capital via the markets. We have a short news clip here on that story.
We don't have a featured miner this month as of yet but hope to get one up in the next few days. If you are interested in having your company featured here, just contact us and let us know. This is a great way to get extra exposure for your company. A one month exclusive feature on both this site and also being mentioned over at penny mining stocks .com, being mentioned in the newsletter .... PLUS your large banner on the listing page for a year.
Small stocks on watch right now, Explor Resources Inc.EXS, BreakwaterBWR-T, Gold Star ResourcesGXX and a shale gas player, Trivello EnergyTRV.
We have an audiocast of naked short selling of junior miner stocks. This is a must listen to and start to do some action. Preserve YOUR stock price for your investors. It's time to do something!!
Listen Here
Please Copy And Send To ALL Junior Mining CEO's
June 19/2008
The following is from the JSMineset.com website concerning junior mininers being shorted both legally and ILLEGALLY. Unless you are happy about your junior mining stock price being at 52 week lows, please copy and email to ALL the junior companies in your portfolio.
Today is proof that these people are running scared. Their target today is a message that their time has come to an end. Add to that the arrest of the Bear Stearns Hedge Fund managers for not correctly marking down their holdings and informing their investors. These events have to put these people that are committing bullying, illegal and unethical activities in the crosshairs of investors, management and the law.
Soon there will be no place to hide, no place to run and the name Anonymous has done them no good at all. The name Anonymous may well be their eventual undoing as illegal activities using such a means confirms their devious undertakings.
The major underestimation by these hedge fund operators is the nature of the old-line junior mineral management. When you push them hard they will push back harder and make it personal. They should study the history of past PDACs and how old timers can act when attacked.
Where I am concerned, today they made this personal.
There is a great deal of information available to the management of any company listed on an exchange.
The first step in determining what is happening in the short term is broker identification. Every transaction shows a broker on it with one curious twist on the TSX which allows trades to be noted as broker "Anonymous."
That is not the stumbling block itself because you can see all the daily trades almost as they happen and the total volume of buys and sells on each trade for broker Anonymous, therein determining if this legal camouflage has been a seller on balance for that day.
This information can be obtained from www.tsx.com for companies on the Toronto Stock Exchange. Other exchanges have similar setups. It will have to be obtained by your company on www.tsx.com as info/short interest data is password protected.
When you are on the TSX homepage, click on "Market Activity" and select “Current Market.” There will be a 15-minute delay on information but you can see the broker’s activity and name including that famous broker, Anonymous.
This type of information can be obtained for all exchanges and the NASDAQ. Looking historically will be more informative as you can be assured that as the heat is turned up, procedures will change.
Knowing the broker who represents the greatest on balance selling daily or from period to period is quite easy as they will not use Anonymous often enough to camouflage that they are or have been the largest seller.
The next three documents companies need to obtain are:
The Participation List that shows all street name securities held and by whom. This document should be reviewed, as all documents should, from period to period.
The non-objecting shareholders list will show the changes in the positions of those investors. This is again reviewed from period to period. Even the major shareholders who object to their name being listed are available for the company from the same source to the shock of the hedge funds. These two items are key to knowing exactly what is occurring in your particular share.
The brokers who bought and sold list shows both percentage purchases and percentage sales.
By the comparison of all the above you are able to determine if the selling is long selling, legal short selling or unreported short selling.
It is an exercise that is common to forensic accounting, probably better done for many companies by their auditor rather than by non-accountant management such as geologists.
The next step is to retain a reputable Internet investigator as it is all out there in one form or another.
Anonymous is a nice cover name probably used by the naked short seller, but after the trade and into the statistics it loses its effective cover capacity.
We will keep that proprietary for the time being.
We live in an information world, complex of course, but not to those that specialize.
As this practice continues, your dedication to stopping the rape of shareholders must increase.
Complaining to exchanges, regulators and hiring attorneys at this point is a useless effort. Bringing the culprits out into the light is the most effective first step. Making their identity known is the goal.
The effort is to out those who are both pool raiding and those naked short selling your issue. One is conspiracy and the other is simply a crime. Identification is the first step. They will be identified and then they will be dealt with. We will come at them at every angle from rewards for information to cyber investigators and forensic accounting. Click here to read more about our efforts.
The incoming company interest in this is simply overwhelming. I would venture to say that the companies now interested in ousting these criminals represents at least 200,000 investors.
They can hide as all cowards do, but out they will come as many in the mineral industry have now dedicated their existence to this effort.
Remember, the threats you face you can overcome. The threats you run away from for any reason win.
To the management of the juniors: Never run, no matter what the message they try to communicate to you via your market is. Stockholders will support you because aggressive, dedicated and well-financed action is the only way to remove this vermin permanently. The more they speak via your market, the more you act. This is the only strategy that will protect shareholders from their reprehensible and illegal activities permanently.
In other news Explor Resources Inc.EXS still keeps climbing. Coal and potash plays are still hot and now shale gas plays are getting looked at. Small players like Trivello EnergyTRV also along with sulfur plays like Gold Star ResourcesGXX.
Well it's the start of a new month and of course we have a new featured junior here. This month we have Golden Goliath Resources Ltd. (TSX:V-GNG). Golden Goliath is a silver explorer in Mexico. We have this company on our watch over at Penny Mining Stocks also because we feel they offer investors an opportunity to invest in a good quality silver play.
We spotted another active junior this month which is kind of rare as far as active traders go. Explor Resources Inc.EXS had a good pop. A close 100% gain on the week. Volume was good also. Well over a million shares Friday alone. Explor Resources Inc.EXS is starting a new drill program on their Kidd property and by the looks of the way the stock is trading this will be on to have on your radar. There is definately something of interest here as the stock price has crept from 20 cents to 40 cents in 2 trading days. Up 100% and no news.
We had news this week in regards to the ABCP issue that was plaguing a few companies. There are a few mining companies like Redcorp VenturesRDV-T that had millions of dollars tied up in this mess. The news was perceived as positive for all in restructuring but did nothing for stocks prices. The banks want things done so that they can not be sued for any wrong doing. I had read that BarrickABX-T seemed intent on sueing their bankers.
Coal and fertilizer players are hot these days also. Even some small obscure companies that were just shell companies are now potash explorers. Potash North ResourcePON a small 2:1 split of Timer Explorations. From 15 cents to $2.55 in a few days. Not bad at all.
Also if you have any claims or equipment for sale let us know. We get emails from lookers quite a bit. We have had a few large properties sell from here. Remember your ad does run until sold and is mentioned in the monthly news letter that goes out to about 900 readers. A good deal for less than full course meal.
There is an old saying in gold that says "sell in May and go away". Well for this month I did not see many juniors worth selling. I did see a lot worth buying especially is we are suppose to buy low and sell high. Good quality stocks going at fire-sale prices these days. Companies like BreakwaterBWR-T sitting at 52 week lows. Yah I know zinc prices are down but..... At some point enough will be enough. BTW, I don't own any BWR but do watch close.
This month marks 1 year that we have been on the net. We have close to around 1,200 companies listed from all over the globe. About 100 pages of website now also. We would like to thank those who have sponsored us and those who have placed ads for their properties.
The big resource rage these days seems to be shale gas and coal. For those playing these small exploration plays there is going to be a lot of ups and downs. Big staking rushes going on in Saskatchewan. With oil prices climbing and natural gas in climbing as well it doesn't take long for the explorers to start looking else where.
Also in Saskatchewan, potash exploration is a big thing. With grain prices at historic highs, fertilizer is a farmers best friend. Potash One Inc.KCL is an interesting play.
Speaking of Saskatchewan, uranium is a well talked about commodity. Of course in Canada's north there is deposits of uranium but a lot seem to want it left alone. Here is an interesting news bit from CBC North this week about what uranium COULD do in Canadas north. Click Here for the story.
Also in the news a real interesting article in reuters this week. Talks about cash rich gold miners looking to buy gold rich, cash poor juniors. With the present credit crunch going on a lot of juniors are having a tough time to get the money they need so that can leave them sitting as easy targets for takeovers. Question is which ones. Yukon ZincYZC got snapped up last month buy the Chinese. Companies with mines and good properties like BreakwaterBWR-T or Redcorp RDV-T are prime pickings. Just this month Terrane Metals TRX got some money from Gold CorpG-T. Not a buy out but it sure is a helping hand. Some weary tired shareholders may now have a bit to smile about.
Also if you have any claims or equipment for sale let us know. We get emails from lookers quite a bit.
This weekend is the 22nd annual Dawson Gold Show in dawson City Yukon.
This past week the United States listed the polar bear as a threatened species. You might be wondering what that has got to do with penny mining stocks. Well nothing at this time really. But it could mean a lot in the near future. You see at this point in time Canada has not felt it necessary to list the big white bear as threatened. After all about 2/3 of all the worlds polar bears live in Canada. The big problem or issue will be that if they do become a threatened species, then it sort of opens a whole news can of worms. Or shall I say "ISSUES".
Now I am not some legal guru but from what I have read, once this animal is classified as threatened it will become somewhat like that spotted owl episode about 15 years ago. We all know what happened there. No more logging. Period. Forests forever. This here could very well become the very same. From small grass roots exploration to full scale mine development, this bear could become a real issue. This is something that CEOs of these companies are going to be dealing with. Investors could very well see some promising projects get shelved in the future because of this also. It boils down to this. You can't do anything that disturbs it's enviroment. It's all about the global warming thing that everyone is talking about. Here is a reuters news link.
Coal seems hot this past few weeks as Goldsource Mines Inc.GXS coal find out in Saskatchewan stirred a lot of interest. North American GemNAG also got into heavy trading with news of claims staked close by.
We have a large gold/diamond property listed in Guyana at the Adpost.
This month we are featuring Eagle Plains ResourcesEPL as the featured junior miner. With so much wrong in the news about juniors in other countries this past month, Eagle Plains Resources is a good reason alone to look over their operation. They have a lot of projects going on right here in Canada. In fact the have 35 projects in total, two of which contain NI 43-101 compliant Inferred Resources. Eagle Plains. Check them out.
If last month was a sign of these to come, May doesn't look to great. Seems almost every junior is in a slumpr of some kind. I was talking to a director of a junior company this past week to find out what was new and happening with their company. The discussion went onto the markets and just how awful they really are. Yet with so many of these junior sitting on 52 week lows, one only has to head over to Kitco and sees nothing but news releases on drill programs and assay results. Goes to show the resilience that is found only with the juniors.
On of the miners that got away un-noticed by us was the some in other mineral sectors. Being focused so much on metals we never paid much attention to some the more unglamorous minerals. That being, POTASH. One company that stand out is Potash One Inc.KCL This junior has the Findlater Potash project is located about 80 kilometers northwest of Regina close to the north from the Mosaic Belle Plaine potash solution mine. The project currently holds some 97,240 acres of Crown mineral lands. With grain prices hitting historic highs, you can bet fertilizer will stay up high for awhile also.
We sometimes grumble and complain about junior miners not trading and going the way we want. We also get upset when one that we are following doesn't get the results we had hope for. But we really get upset when everything is going along just nice and then some government or government dept. puts the whole project on ice. That is just what happened this week in Ecuador. Stocks like AurelianARU-T, Corriente ResourcesCTQ-T and IamgoldIMG-T all took a tumble. AurelianARU-T fell the worst of all over the past 2 days. Here is a link to that new article.
Gold ended the week down again even though oil hit an all time high. Maybe as time goes on, borrowing costs will fall to compensate the high energy costs of exploration. ha ha.
I also noticed today in the globe and mail that BarrickABX-T is planning on suing the CIBS over the ABCP issue of frozen money. More on that story here. Redcorp VenturesRDV-T who we follow somewhat on junior miners here also has a large amount of funds froze in that mess.
Also this week news came out that China's largest nickel producer Jinchuan Group is setting up shop in Toronto Canada. Be on the look out for good quality juniors with large nickel deposits that need funding to develop. Hard Creek NickelHNC comes to mind and I am sure there are a few others out there. Those who follow this story and do their home work can come out with a little extra profits at the end of the day.
Coro Mining Corp.COP-T is this months featured miner and Eagle Plains ResourcesEPL is this site sponsor. Looking for great rates on advertising or getting your name out there look no further than right here. Best rates on the net. Best exposure in the junior mining sector. Period.
Almost 450 members in the Hard Assets silver program now. Don't wait till silver is 50 bucks or more an ounce.
CNBC Mad Money Man, Jim Crammer see $1600 buck gold. Most of us junior miner watchers have long expected that anyways. But we think he may be right this time. After all he did say there was nothing wrong Bearn Stearns the day before it collapsed. Most of us here are gold bugs to begin with so anything short of $1600 bucks would be a disappointment. Here is a video bit of Crammer himself. The one question that no seems to know is this. Whose dollar are they basing that 1600 dollar gold?
At some point in time these juniors stocks prices have to turn around and start to shine a bit one would think. No matter where you look everything is beat down to 52 week lows. I read where a lot of shareholders are just throwing in the towel and bailing out and moving on. Problem is, what do you move on to? With so much uncertainty in the markets it's best to either be in cash or just stay put. Juniors with good projects and who get their word out will get the attention and the trading volumes required to move on.
Then there are those juniors that have good properties and projects on the go and they will become target of takeovers. Reuters UK had a nice little write up about just that this weekend. Here is the link to that story.
Coro Mining Corp.COP-T is this months featured miner and Eagle Plains ResourcesEPL is this site sponsor. Looking for great rates on advertising or gtting your name out there look no further than right here. Best rates on the net. Best exposure in the junior mining sector. Period. Last month the site saw a bit over 60,000 visitors.
Today gold and silver was strong. Maybe the next leg will be back over the $1000 for gold and well over the $20 for silver. Oil sure is strong also.
Federal Environment Minister John Baird confirmed Monday that he will create a new national park reserve near the Nahanni National Park Reserve in the Northwest Territories.
"I'm happy to be able to tell you that the area in the upper south Nahanni watershed is now protected by an interim land withdrawal, protecting an area 1.5 times the size of Prince Edward Island, from future development," Baird said that morning at a news conference in Ottawa. Canadian ZincCZN-T has a mine in the area it would like to get into production one day. continue
Also in the north in Labrador a narrow vote by the Labrador Inuit assembly put a halt to uranium mining activity for three years. Several companies have expressed interest in the potential of uranium in Labrador, with one company, Aurora Energy ResourcesAXU-T undertaking an aggressive exploration program.
The ban does not limit exploration work, although mining companies are concerned about a ban on development. continue
It's a new month. We here at junior miners hope it will be a bit better than the last 2 weeks of last month. This month we have a new company featured. Coro Mining Corp.COP-T. This miner is also quite new. Less than a year of trading and is already aiming to become a mid tier copper producer. The company has projects in Mexico, Chile and Argentina. Also the new sponsor of this website is Eagle Plains ResourcesEPL. This is a junior miner with a lot of projects on the go and is sitting like others on 52 week lows.
Else where in the news this week is Canadian ZincCZN-T Canadian Zinc plans to make a formal application for a water licence that would bring the dormant Prairie Creek mine into operation and would like to see the mine operational within the next 2 years. Of course eviromentalists would like to see nothing happen. For the complete story Click here.
Also from the north Starfield ResourcesSRU-T has come up with some new GREEN technology of dealing with waste and tranferring it into energy. Maybe get some of those greenies to take a look instead of just wild protests. Click here for that story.
Once again, welcome to Coro Mining Corp.COP-T for being featured miner this month and to Eagle Plains ResourcesEPL as this sites sponsor.
Another month has come and gone. One would wonder if anything really changed for the trading of junior stocks. Everythings seems still bottomed out and flat. Lots of shareholder are wondering when times will change and juniors start to trade again. I came across a good write up that has at least some postive spin to it. Anything at this time would be good to hear mind you. Take a peek here at this article.
Diamonds and exploration in the north of Canada is always going to be in the news. As more and more exploration happens more and more finds are bound to be found. Along with that comes that added need for more infastructure. Now there is talk about building an all weather road from the north up by the Arctic Ocean coming back south inland. More chances of year round access makes a lot of projects more economical. Here is a bit of a preview on the Nuna Logistics web site. There was a bit of news relating to the issue this week also on CBC north.
Our newletter went out this week. Almost 900 on the mail list. As always a lot of errors from listings to be redone. Our featured junior miner this month was Barker MineralsBML. They will go into the archive section and we will be adding another requested junior to be featured here next month on the site.
Everyone knows we are always on the lookout for under valued under dogs in the junior mining sector. Sometimes we just like to find new stocks. So new that they just issued an IPO. This month saw just that. Oroco Resource Corp.OCO. Now this is another new junior miner to add to your list of players in Mexico. They just started trading on the 18th here. 35 million shares and they have 100% ownership in gold and silver properties in Mexico. Stock price today closed at 58 cents. Here is a website link. There is also a very good write up written about this company. Click here to read more on this new junior miner.
Almost 400 members now in the Hard Assets silver program. We had about 20 at the beginning of the year. Doubling each month. Astronomical growth. If you don't mind working for pure silver this program is for you.
Stocks on watch. Silver EagleSEG-T, Great Panther Resources GPR-T and Golden GoliathGNG.
Feb 9 2008. Scroll down. Anyhow we mentioned a small junior to watch. Golden Arrow ResourcesGRG. Working in Peru. Anyhow huge news and the stock goes ballistic. Up over 100% pop. Yes these things still do happen. The other mention is Gitennes ExplorationGIT-T. Keep a watch on these.
While surfing around the other day I stumbled on a short You Tube video documentary called, "Mine Your Own Business." It is about the Gabriel ResourcesGBU-T issue in Romania and how the enviro/greenies/tree-huggers/backslash delete are set on not allowing this mine go ahead although most locals would like to see a mine. I have the link posted about under the title and also posted here. I have not seen the complete documentary but would really like to see it. It looks like one of those Michael Moores movie that is pro mining and industry and shows the dark and dirty side of the environmental movement. These are the people the sit in air conditioned offices and deprive a lot of people from around the world the basic rights and essentials to life. Like the video says there is no charm in being poor. Mine Your Own Business, a film produced by New Bera Media in association with the Moving Picture Institute, looks at the dark side of environmentalism. It talks to some of the worlds poorest people about how western environmentalists are campaigning to keep them in poverty because they think their way of life is quaint. It is the first documentary to ask hard questions of the environmental movement.
Well after this week it is almost good that it has come to an end. Personally I feel gold and silver will just turn around and continue the way it is suppose to go. And that way is up. A big set back today but on the big picture this will just be a small blip on the radar. Most juniors have other things to worry about.
So what else is new this week? Well, Constellation CopperCCU-T which we had on our gambler list put out not so good news and the stock which was at 8 cents became 4 cents. The news looks grim for the copper miner.
All in all a quite week for junior miners. Most stocks traded very light volumes. BreakwaterBWR-T is back down to 52 week lows again and over at pennyminingstocks.com we found a small diamond player that should be put on watch lists. Peregrine DiamondsPGD-T. The reason we are mentioning PGD is that the stock price is at a 52 week low of 30's. The stock was as high as 2 dollars and some change. They have approx. 55 million shares and have some good projects on the go. With spring around the corner this is a stock to keep an eye on because their area of interest is the Baffin Island area and summer is the time to work. With 24 hours of daylight, these companies don't sleep during that time. That is the time results are brought in and news is made. As always do your research and DD before investing or speculating.
Anyhow that's about it for now. Have a happy easter.
Well gold for last week closed over the $1000 mark. There will be lots of news out about the Bear Stearns fiasco, so I am thinking gold and silver and the rest of the good stuff will continue it's march up.
That maybe fine but what about our juniors? When will they start to move. I get emails regularly about this issue. I feel the days of the shorts are numbered. Confidence in dollar based items is going backwards now, tech stocks are no big scream, blue chip are loosing value, real estate is crap, so there is only one place left to secure ones money. Good valued juniors that have upside and physical precious metals.
Stocks on the watch. We are looking at silver the most right now. Silver EagleSEG-T, Great Panther Resources GPR-T and Golden GoliathGNG. Remember our feature junior here Barker MineralsBML. BML
Be sure to check out our adpost. We just got a bunch of new claims listed for sale. If you are interested in obtaining some gold claims there is now time like the present. One fellow just called to have the price raised a bit. Good sign for claim holders. The gold in the ground is not going anywhere and only getting more valuable by the day.
Also just a quick note about our Hard Assets silver program. Membership is now doubling each month. If you don't mind a bit of sweat equity in earning silver this is the cheapest way to go.
After the run up in metals and commodities in general last week, things get a bit over done and the sell off starts. Everything down. Stocks included. A lot of people are now really starting to wonder why the juniors are such duds when gold, silver etc. is hitting new highs. Various articles and opinions point to shorters and hedge funds. Long on the big players and short on the juniors. My feelings are that once things really bust out, a lot of the shorts in good quality juniors will be cremated alive.
Last session we were talking about Terrane MetalsTRX being one of the contenders to have the next mine to open in B.C. Now once again there is First Nation issues surrounding the miner. Make one wonder if BC is a good place to invest in mining. This is going to be an issue that Victoria is going have to deal with one of these days. For more of the story click here.
Getting a bit side tracked here but have you noticed oil? WOW. Almost 110 bucks a barrel. At some point a lot of exploration projects will be subject to fuel costs. Trucks, helicopters, planes etc. Maybe some of those juniors will be back to the pan, pick and a mule. The way the world is going sometimes I bet there are a lot that wouldn't mind stepping back in time. I know there are days that I sure wouldn't mind.
Stocks on the watch. We are mostly silver now. Silver EagleSEG-T, Great Panther Resources GPR-T and Golden GoliathGNG. Remember our feature junior here Barker MineralsBML. BML will be having lots of news coming down the pipe this year. Take note of that.
Also, over 200 members now in our Hard Assets program. Some are up nice over 30% since the beginning of the year. Common sense will tell anyone that some physical metal on your person is good to have. Money is getting pretty worthless.
Well today silver did sell off somewhat along with al the rest of the metals. The markets in general are quite crappy which makes the juniors even more crappy to watch. But once the crap is over with we will be clear sailing. Blue skies with a silver lining is all there will be.
This month our featured junior miner is Barker MineralsBML. Be sure to stop over and review their website. Read up on their latest new releases also. One can expect more news of great interest in the near future.
Of course this week is/was the PDAC in in Toronto. From what I heard it was very well attened. With metals and mining becoming more in the spotlight, hopefully more.junior shares will grab some of that light and be seen. News from the PDAC was that the Mount Milligan gold and copper project was named among the leading contenders to be the next mine to open in B.C. That property is north of Prince George and is being explored by Terrane MetalsTRX. Redcorp VenturesRDV-T was also mentioned for the Tulsequah Chief project. For more on that story click here.
With the federal budget came a nice helping of extras for the Yukon. The mineral exploration tax credit extended. This is to help mining companies explore in the North and other parts of Canada, the budget proposed a one-year extension of its mineral exploration tax credit for investors who put money in "flow-through shares" that finance mineral exploration efforts.
The credit, which was supposed to end this year, would be extended until March 31, 2009, if the budget passes. The budget also proposes $34 million over the next two years to help the Department of Natural Resources conduct geological mapping, which it says can with help mineral exploration efforts. For more on this story Click Here
Silver is sure hot these days. Up 30% since the new year. We have started to cover more juniors this past few weeks that are SILVER focused. A lot of our readers are quite helpful in submitting ideas. The response has been very good. We will be building a list of good undervalued junior miners here. So far we have Genco ResourcesGGC-T. Genco is in Mexico, has only 40 million shares, just purchased a 3,000 ton per day ball mill. The second one is Silver EagleSEG-T also in Mexico. 55 million shares, and also just purchased extra milling equipment. The thing to remember about silver and Mexico is that these two go hand in hand. Think new technologies and old proven mines and you have the ingredients for success and profits. Great Panther Resources GPR-T which we started to follow last week. It popped a nice 50% this week alone and Golden GoliathGNG our little lagging indicator here finished up 3 at 31 cents.
Our featured junior here for the month of Feb Cadiscor Resources Inc. CAO had a nice 20 cent pop to hold at 70 cents. Also one other mention about Barker MineralsBML made a quick pop on news.
Our 2 watches in Peru Golden Arrow ResourcesGRG pulled off bottom quite nice to hold at 60 cents but Gitennes ExplorationGIT-T stayed pretty much the same. Up 1 penny to close at 27 cents.
REMEMBER .. the 2008 PDAC convention is next week. March 2-5 in Toronto.
Today the IMF got rid of some gold. A short set back and we will be off again. UP! I see silver is hanging tight at that 18 buck mark. Personally I feel anything less than 18 is just a shadow from now on. Since January which is just 2 months ago the price of silver is up 20%. That is translating into 100% + per year so $30 buck silver is well within reach this year, 2008.
Do tree huggers like mining?? Of course they do. Next time there is some kind of protest about some kind of mine show them this link. Seems they are recommending stainless steel thermos bottles over plastic ones. Geeee, does anyone know where steel comes from? Better yet, stainless steel?
For anyone who feels that their junior mining stock is just not performing take a look here. This Is what can make a grown man cry.
We put our news letter out tonight. For those who don't get an issue a brief bit here. We have followed Grand Cache CoalGCE-T and Western CoalWTN-T for about the past 3 months. Maybe a bit longer. We got these right at the bottom. That is our job. Now other venues on the net are starting to post the virtues of owning coal stocks. Yes they may well run higher but after 3-400% returns in a as many months, now is time to take some profits and go to something else that is at the bottom. That bottom is silver.
We hang tight with one of our choices being Golden GoliathGNG. We are also on the lookout for other silver juniors that are quality, undervalued and at bottom. Those with 100% ownership in projects that are or near being 43-101 will be of the utmost interest. Know of any? Send me an email.
For those interested and who trade using T/A, Columbia YukonCYU has turned nicely and heading back up. News about a 4 rig drill program of 40,000 metres on the Storie molybdenum property. Keep this one on the radar this summer.
Another small miner that is getting active again is Caldonia MiningCAL-T. Actually these guys really aren't that small. They are more than explorers. Anyhow it's cobalt in Africa. They do have a low price of 20 cents but remember they have about 500 million shares. Keep that in mind.
What can you buy for a dime? Well, you can buy Tagish Lake GoldTLG. If you are interested in Yukon gold mining, in a proven area, then this maybe one to watch.
Well folks today silver broke the $18 mark. You know silver is one of those metals that really seems to go unnoticed. Everyone watches gold, platinum and maybe palladium. Speaking of palladium it's busting to the upside also. Broke the $500 mark yesterday.
We put together a page here for anyone who wishes to look at getting into silver stocks. We tried to find those who are what we would call pure plays. If there is any that we may have missed let us know. We'll get them added for sure. And of course we like silver because of our Hard Assets Silver Program.
Remember last week I mentioned about the article written over at JSMineset site where someone was wondering about junior stocks being in the tank. every time you look at that undervalued junior you hold and is sitting on 52 week lows, come back here and Click This Link. Just look at the year of this chart is from and try to think where gold and the rest where at that time.
To read the email article about this issue click here
Back to silver, our favorite little silver stock and NO we don't hold any, yet! Golden GoliathGNG . It is because they to have 100% ownership in properties. You may have to hold awhile but we believe the hold will be worth it. Remember, silver hit 18 bucks and is going much higher.
Anyhow that's about it for now. Be back this weekend.
We get emails from time to time asking about this or that junior company. Mostly people are disgruntled over the fact that presious metals are hitting new highs, the majors like ABX is hitting higher highs, yet good juniors and skidding around on 52 week lows.
Over at the JSMineset this week there was an interesting article asking the same question. Basically what was said is that the funds are long on the majors and short on the juniors. But an interesting point to note was a chart that showed going back to the 1970's and how the juniors where tanking on rock bottom lows then. Then along comes the point when metals go ballistic and the juniors outpaced the metals. Click here to see that chart.
Rhodium keeps getting higher. Platinum went over $2000 today.
Bolero ResourcesBRU had a news release this week. Large moly deposit on their Cannivan Gulch property in Montana. 225 million pounds of molybdenum. The stock did a small pop but has come back down midway to around .25 cents.
Redcorp VenturesRDV had another press release this week. Just mostly talk about how the TC project is coming along. Still now word on the money that is tied up in the ABCP issue. The other thing to point out is that the permitt process has been slower than anticipated. It kind of make one wonder about the folks that run these permitting office in government. How long has this TC project been going on? 10 years?? Maybe even longer?
There are around 1,200 junior listed on this site. After last months newsletter I got lots of emails for this is outdated, change this, change that etc. If you are coming around to the site and have a company, check to make sure your listing is up to par.
One such email I received was from Full Metal MineralsFMM. Somehow their message got lost on the server, in the server?? Anyhow as a way to apologize for my delay I would like to pass on what was sent. Interesting junior to say the least.
Full Metal Minerals is a generative exploration company focused in Alaska: a large, politically stable, underexplored frontier region with the potential to host world class ore bodies. The company has made two significant discoveries in Alaska since going public in 2004: a high grade zinc-lead-silver deposit at the LWM Prospect in the 40 Mile District, and a high grade extension to the historically rich Lucky Shot gold mine. Full Metal has put together an impressive management team and property portfolio, with ten other active projects in Alaska and one in the Yukon Territory.
Full Metal has a Phase 1 budget of $19.4 million planned for exploration in the 2008 season, with six programs being funded by joint venture partners, including two of the world's largest mining companies - BHP Billiton and Freeport McMoRan. Objectives for 2008 include further defining the district-scale potential at 40 Mile, expanding the extent of known gold mineralization at the Lucky Shot gold mine, and drill testing targets at the Mt. Andrew IOCG project.
Anybody else out there see the price of rhodium? Click For Chart. $8,500 + per oz. All I can say is "Why didn't I buy some of that 5 years ago"
The junior markets sure seem to be stuck in never never land this past while. I got stock on a watch list that could easily watch me. Volumes are really sad from a trading persective.
Mustang MineralsMUM had a nice pop today. Almost closing up 20% higher. Up 8 cents to .54 cents. News??
For those looking for something a bit higher priced take note that Fortuna SilverFVI is turning up. $2.50.
Last week we saw the rise of Grand Cache CoalGCE-T. This week is a bit of cooling off. To those who got in, congrats. Likewise for for Western CoalWTN-T. 2 great coal stocks to own.
A bit of additional news from Redcorp VenturesRDV this week. 4,000 metres of drilling is planned for the Lagoa Salgada project Portugal. They have been in the news in Juneau Alaska as they are doing presentations regarding the Tulsequah Chief mine. Lots going on with them. A good one to keep watch.
We get emails asking how it is that we get certain stocks as ones to watch. Well they all come from readers from here or at pennyminingstocks.com that are sent in. We go through them and look for certain things like outstanding shares, properties owned, what they have, etc. Ourselves are always looking for bottomed out value stocks and like to find the ones that have bottomed out and are ready to turn around than chase those that are already running. We put the word out 2 months ago about Western CoalWTN-T when it got sold out and fell to 50 cents. Dec.2 we posted on this page that it had fallen and maybe take a look. Today it is up 400% in 2 months. That is what we are looking for. Good value stocks that will have some upside.
This one was sent in this week, Leeward CapitalLWC. I remember years ago when we used to get the quarterlies from this company in the mail. After it was brought to my attention I was thinking it must have been close to a dozen years ago. That in itself should tell you the staying power of some of these juniors. Anyhow if you are into moly and who isn't these days, check these guys out. Large tonnage property in BC not far from the already producing Endako Moly Mine. Here is a link to their website.
Also undervalued is our Featured junior this month, Cadiscor Resources Inc. CAO.
And a lot of our readers have been inquiring into our Hard Assets Silver Program. We have a small site that explains the whole program of how it works etc. I see some have joined. Congrats and welcome aboard.
Not a whole of action this week aside from good ole coal. We been talking coal here till we're blue in the face. Grand Cache CoalGCE-T hit a fresh new high of $3.51 and settled the week out at $3.30. Western CoalWTN-T feel back 6 cents on the day, but was well up over 20% on the week. All this talk about coal shortages around the world.
You can see now how commodities prices can sky rocket on the slightest bit of demand. That's the good thing about the "just in time delivery" of a product. So many companies these days seem to want everything the last minute to avoid cost overruns or having excess inventory. There is a bunch of us here that can't wait till the run is on silver.
First NarrowsUNO UNO shares soared 26% to 29 cents on Friday after the junior announced results of it's drilling program at it's Chester Copper Polymetallic Deposit in New Brunswick. Some high lights include 13.5 meters of 2.58% copper and 5.1 meters of 4.81% copper. We have been watching UNO since back in Sept. The stock price has been a real disappointment for many. The news although seems like a little bit to late. The markets these days seem to forget things quite fast.
We are always looking for undervalued here more than hot performers. We look for junior miners that have good properties, good management, not an excessive amount of outstanding shares and has a bit of money tucked away. One such company of course is our Featured junior this month, Cadiscor Resources Inc. CAO. Another with great potential is Barker MineralsBML. Today we stumbled onto a small junior that works in South America. This junior miner has 40 precious and base metal projects that cover 200,000 hectares of prospective ground in both Argentina and Peru. Ten of the Company's properties are in the drill ready category, of which 4 will be drilled in sequence over the next 12 months. Currently, a two-rig, 3000 m, 10-12 hole drill program is in progress on the Poncha property, in the San Juan Province, Argentina. Now the good part. Just over 15 million shares issued, a treasury with over CDN 6.0 million in cash, no debt and a 1% net smelter royalty ("NSR") on Yamana Gold's Gualcaymo Gold Project that is scheduled to begin production in Q3 2008. The company is Golden Arrow ResourcesGRG. Here is a link to their site.
Adanac MolyAUA had a town hall meeting this week to discuss the Ruby Creek Moly project. We thought the stock would drop but instead it was well up the next day. BUT, we did notice most moly stocks were up also. We have not heard what was said at the meeting but will try to get some info.
Lastly in this weeks news. Our HARD ASSETS Silver Purchase Program. We were getting about 1 person a day joining this program. This past week we have been averaging 5 a day. People are starting to see how simple it is to silver for less than spot price. Of course some news in the silver end of things is giving the program a real boost.
This quoted from Dan Norcini: Silver broke out today in terms of its daily London Fix in Euro terms to a new high. The breakout from the consolidation formation that had been forming for nearly two years is now complete with the chart suggesting further gains are in store for the metal. We have built a small site that explains the whole program of how it works etc.
Last week palladium hit a new 52 week high. This week platinum keeps on steaming ahead over $1,800. Gold and silver trending nice and I think silver well bust out of it's trading range soon and continue up.
In the news, Redcorp VenturesRDV held meetings in Juneau Alaska to discuss their air cushion barge that they want to use to transport equipment and supplies on the Taku River to their Tulsequah Chief mine in BC. Of course there were the usual protests from the other camps. Here are some news articles from the Juneau Empire. Story one and story two. You can read the comments posted by readers also. Looks like Redcorp does have some good friends in the area as some have a way of putting the "Tree Huggers" in their place. Good read. I love it.
Also in that neck of the woods in Northwest BC. Adanac MolyAUA is having a meeting tonight to discuss it's Ruby Creek Moly project. Seems there is another snag. Federal permitts and money. Here is the news bit from CBC North.
In regards to our last news letter, it seems that some did not get one and others got more than one. One day we hope to have that issue solved. If you are not getting a news letter, just fill in your email in the form on the right hand column at the top. From the last issue we did get a lot of email, some expressing a good job, others wishing errors to be fixed with their listing and then the good part, getting tid bits of information.
Heads UP!
For those bargain hunters looking for undervalued and quality we have a tip. Barker MineralsBML. I had this last year on watch and forgot about it until it was brought back to my attention. I have posted their last news release here on its 100% owned Frank Creek property. The other big bit going for this is it's location in BC. Not far from the Mt. Polly mine. There is an old saying, "You look for gold where gold is found."
The other thing we always like to point out about junior mining companies is that there are those who have, and those who have not. Having 100% ownership in a property rates much higher than those who must earn in or have an option to earn in. Some have wondered why I like to talk about the silver miner Golden GoliathGNG so much. It is because they to have 100% ownership in properties. Much like Starfield ResourcesSRU and it's 100% owned Ferguson Lake Project in Nunavut. If the goods are there the junior has more bargaining power when the time comes to develope or seek outside money.
Also speaking of undervalued be sure to see our Featured junior this month, Cadiscor Resources Inc. CAO.
Our 2 coal stocks just keep going up. Grand Cache CoalGCE-T has hit yet another new 52 week high. Up to almost $2.50. That's about 150% gain in a few weeks. Western CoalWTN-T is up really nice also. Almost 400% in the past few months.
One more thing....we have been getting a lot of email in regards to our Silver Purchase Program. So much so that we have built a small site that explains the whole program of how it works etc. Read up and then fill out the form and the office will take care of it from there. There is a lot of interest so if you are wanting silver, get in now.
Palladium hit $411. spot this week. Actually today. Good news for those who hold palladium either physical or in stock. I have a palladium $50 coin just ichin to see the old high of $1,000 or better. Gold faired quite well also this week. Silver? Well silver is still a huge BARGAIN for people like us who love this metal. But you know it's up 40% in the past 5-6 months. Sadly most silver equities are down that much or more.
This week Wednesday was a big day in the NWT. The Contwoyto ice road officially opened to truckers hauling fuel, supplies and equipment to the N.W.T.'s three diamond mines. Temperatures peaked that day at -38 C. Chilly temperatures for sure but they are needed for the winter haul. This year there will be less loads than other years due to less contruction and of course Tahara Diamond TAH will not be taking any loads as they are looking to close up the mine. Sad to see after such a short time in operation.
Here is one that caught me off guard this week. Tamerlane Ventures Inc. TAM intersected some high-grade lead-zinc mineralization at the company's Pine Point property in the NWT. 30.15% combined lead, zinc for 105 ft. & 14% combined lead, zinc for 150 ft. Put this one on a watch as more news could be very rewarding to ones pocket book.
From one of our readers over at Penny Mining Stocks this was sent in. Shoreham Resources SMH. They have an option to earn a 100% interest in the Setting Net Lake molybdenum project in Northern Ontario. They also have an option on a gold project in Guyana and an option to earn 70% in a uranium project. Some of these small unhead of juniors can really one day surprise you.
Along the line of undervalued, our feature junior miner for the month of February is Cadiscor Resources Inc. CAO. Put this stock on your watch.
We have been touting coal here for the past 2 months. I sure hope some of you have been picking away at some of these miners. I see Grand Cache Coal GCE-T has hit a new 52 week high. We've talking about this one and WTN-T after it got unfairly sold off about 2 months ago almost in every write up. After a fall to 50 cents in mid Nov. I see today it is back tagging the 2 buck mark. Great to see. I have always said, Coal IS Good.
Our first newsletter of 08 went out last week. If you didn't get one or if you got 10 or more we apologize. We are still playing around with the mail server and getting mail verified. One day we will have it cased. At least we hope we will.
Up coming events. Feb 9 - Feb 10 Phoenix Resource Investment Conference.
If you missed the last nights webcast on Why You Need Silver you can still go and download the program here. I have been buying physical silver. This program just explains how to get pure 99.9% silver for less than spot price. If you would like any more info, feel free to email me.
Gold Hits Record High Silver Starting To Move....UP
Jan.30/2008
Well gold has topped a new record this past week. $933 spot. I wonder what that fella at Goldman Sachs is thinking right now. The one that put out the call to short gold in 08. If you scroll down to Dec. 2/07 we had a wee bit of a write up on that issue. Of course when your life is all about junior mining it is hard to be negative about metal prices.
Did anyone buy some Breakwater? BWR. We've making a note here for the past month telling everyone to keep watch.
When it hit the low $1.00 and change we had been telling folks to be aware. As you know we don't tell or suggest any stock to buy but we do like to make people aware of fallen stars. I see today Breakwater BWR is rallying quite nice. Up 50% in the last few days. Still good life in those warrants also for the leverage players.
Be sure to visit our feature junior miner for the month of February here. Welcome Cadiscor Resources Inc. CAO. If you are looking for something undervalued with a small amount of stock outstanding, this is one that you do not want to slip by with out taking a look. As always do you own DD.
SILVER - A Live Webcast With Ed Freeman & Jim Lynn
We've been getting emails asking about this new Silver Program. It's called Silver Snowball and it is run by Ed Freeman out of the USA. Instead of me emailing replies steady to those who are wondering, Ed Freeman is going to be hosting a webcast on this program. So if you are interested click on the link below to register. Use Promo code 45 as it is by invitation. (eg. your name45). He is also going to have a guest speaker by the name of Jim Lynn who has written some interesting articles on Silver and why you need some physical silver in your possession. I have a couple of his articles written here.
Silver Snowball Live Webcast With Ed Freeman
DATE & TIME: Thursday, January 31st at 8:00p.m. Central
FORMAT: Simulcast! (Attend via Phone or Webcast...it's your choice)
TO ATTEND THIS EVENT Click the link below. Use Code 45. eg. Your Name45
This silver program is for those who are interested in owning physical silver. Silver is up 40% in the past 5 months and in our opinion is only going to go higher. Most silver stocks unfortunately are down 40% and some even more.
On the topic of silver our silver plays on watch are still much the same. ECU Silver Mining ECU, Golden Goliath GNG & Silver Fields SF. These are all pure silver plays.
Some good news finally on the diamond scene. Stornoway Diamond Corp. SWY announced that it has found a 3.6-carat diamond, roughly half the size of a dime, at its property on the Melville Peninsula in Nunavut. It is always good hear about a junior finding what could be "The Next Big Find." The 3.6 carat stone is from the AV-2 kimberlite, one of about a dozen kimberlite bodies found so far. Most of the findings have produced about the same diamond counts that support expectations of larger diamonds. One can expect more tests.
Also in the news this past week has been Cash Minerals CHX. There were 2 news articles on CBC North in regards to their Wind River uranium project. Looks like the Yukon government is letting them go ahead with their winter haul road but stopping short of allowing them to build an air strip. You can read the news bit here and here. It is always good to see when these small juniors are given the go ahead on these projects. If it wasn't for these folks we would all being doing with a lot less. Any of those who get to vocal should stop to think how their bread is being buttered. It is after all small business that keeps the economy going. I could go on some more here but I won't.
The markets are sure getting slapped hard. I see even those big name stocks like Google and Apple getting real mean hair cuts. For those who own juniors they also are seeing 52 week lows. With all this uncertainty and talk about a recession, being invested in precious metals isn't such a bad idea. Finding the right play may be tricky but there are those juniors who will see some good results. I do notice that Redcorp RDV is in the low 20 cent range. They do have a mine coming on stream in a year or so. For those of us who are bullish on gold 20 cents may look quite cheap in a year or 2. And don't forget zinc miner Breakwater BWR. Active mines with real goods. Last I heard China was still in business.
News out today that Tahara Diamond TAH is filing for bankrupcy protection. This will be a first for a Canadian diamond mine. You can read a bit more here. We had TAH featured on our gambler page for a while.
Gold and silver were sure up nice this past bit. A good sell off in the last day or so and we should be back to gaining ground.
Notice rhodium? $7000 oz. Yes 7 THOUSAND dollars per oz. I remember a while back when it was $2000 and thinking the top was in. This bring me to palladium. Back in 2000 it was $1100 or so. There is still a lot of room for this metal to run. And being under $400 now it may prove out to be a good investment. There are not many juniors out there that are specific on palladium. The only one that we sort of track is Starfield Resources Inc. SRU. These folks have not only paladium but also rhodium. Their main property is the Ferguson Lake in Nunavut Territory, Canada. By the way it is a 100% owned property which means no sharing with others. You can buy the stock for around a buck right now.
High priced stocks and players for pennies? Take a peek at Breakwater Resources. BWR. Still another new 52 week low. At some point it must be enough one would think. Thats it for now.
Back on Dec.2 2007 we ran a wee bit of an article where Goldman Sachs told everyone to short gold in 08. Being gold buffs here this to us was insane. Why go short something that is only going to go up? Sell gold and buy what? US dollars? Well today these same kind folks came out and said gold is going to $900. Even blind people can see that. Did gold not tag the $900 mark yesterday? Geeeez. Anyhow here is a link.
So what else is new. You see Breakwater Resources? BWR New 52 week low. Will this be one of those turn around stocks? I can't remember exactly what year it was, seems 2000-2001 or so that Southern Era the diamond explorer was the dog of the year. Next year new boss and the stock price goes KaBoom. For weary stock holders it's KaChing. To the stars and became the stock to own. One never knows with these miners. Sometimes a quick change in ideas or management is all it takes. Metals are still in vogue and last we heard China is still in business.
Tired of loosing cash on stocks? Try buying the real thing. Buy Silver Eagles. Hold real silver in your hand. Not paper certs. Become a monthly member and put the word out and resell. Get paid in real silver to boot. Click Here to find out more. Read the pay plan. This is a good deal.
Well gold a a huge high today. $881 on the spot market. I wonder what Goldman Sachs is thinking right now. Scroll down to Dec.2/2007 and they were noted for telling folks to short gold in 08. Well the way I see it they are off to bad bad start on the year.
With all this hoopla going on about gold and platinum etc. hitting highs we get carried away and forget about those other juniors that are well below everyone radar. Such a company is Formation Capital FCO and their product of specialty is cobalt. No, not the chevy car either. The metal is what we are talking about here. In 2006 the price was about $12 per pound. In 2007 the average cobalt price stood at about US$25 per pound. Then price shot up to US $40 per pound at the end of 2007 due to all new demand for batteries for mobile phones and hybrid cars etc. Click here for the complete story on cobalt.
We are still trying to get the newsletter program figured out. That is the reason we don't charge anyone for it because we would loose any readers we did have. So like they say you get what you pay for when it comes to free. We will get things figured out one day here.
Also if you are interested in obtaining silver as in coins for investment there is a new deal out. You can buy 1-2 coins a month at 29 bucks a coin. It sounds like a lot but here is the kicker. You can become like a reseller and refer others and for every 2 coins YOU sell you get a free coin. Sell 4 coins and get 2 free ones and so on. Over the longer term you can easily end up getting free silver. It is a good deal going that way. Just go to ebay and see what they want for a single coin. You can pay almost the same for an eagle and you get nothing for refering someone else. This guy will give you your own website to promote. With silver sitting at about $15 an ounce and the old high 30 years ago was around $50 we got a long way to go. Ask yourself, "Is silver going back to old highs?" If your BULLISH and your answer is yes then NOW is the time to be buying. We sure are here. To find out more Click Here.
Well another year has come and gone. No use looking back. Most juniors only forward so as for those who follow the juniors it's best to keep looking ahead also. With metals getting hotter and the large to mid-cap getting more costly to buy, those juniors with good are going to get noticed.
Cash Minerals CHX got a bit of a nice Xmas gift. They were approved for a go ahead on their winter road project in the Mayo area of Yukon. A lot of enviro-types and others were a bit opposed of course but none the less the application in some degree was approved. Cash has some uranium property in the Wind River area it is wanting to explore. Having a seasonal road only makes sense as costs can be greatly reduced to getting goods into the area. You can read the story here on CBC North.
Also posted on CBC North is a story of how claim stakes are showing up the cross country trails around Whitehorse. Seems some prospectors have staked about 80 claims covering about 70 KM of cross country trails in the area.
Gotta love them miners. You can read the article right here. It's short but this goes to show where the outlook for metals are going. Being the Yukon you can bet they are thinking higher gold prices.
For those who signed up for a news letter we apologize if you received none or too many. I am still trying to figure out how to run the program. There is an issue of who is who and how to import and export names and address. Hopefully I will get it figured out one day. That is the reason it is newsletter "WHENEVER". You might or might not ever get it.
For this months featured junior miner we are featuring CanAlaska Uranium Ltd. (TSXV:CVV). A small uranium explorer in the Athabasca Basin with a lot of land.
Also we have have a few more mining properties for sale. If you are looking at picking up some claims give these owners a call.
With the 2007 year coming to a close we are seeing a lot of juniors in the lows. Of course there is always the end of year tax loss selling that brings the prices down, but there are companies whose values are sold down more than need be. A lot of these companies where stars through out the year. One of the challenges for the new year will be able to identify which fallen star will shine bright again.
We look at companies that have at least proven ground, maybe working mines or the potential to have a future mining operation. Some of the fallen stars in our eyes are:
Starfield Resources SRU-T for their Ferguson Lake project.
Of course this past year saw some other fallen stars such as Southwestern Resources SWG-T. whose assays weren't quite what was said. Gabriel Resources GBU-T whose Rosia Montana in Romania isn't going well. But then there was Eldorado Gold ELD-T whose stock got sliced back in July over issues in Turkey. This fallen star has recovered quite nicely.
Yesterday there was a news bit posted on the CBC North website where a northern regulator is recommending that the federal government change rules that give mineral prospectors free entry to Crown land to stake their claims before they consult with local aboriginal bands about environmental or cultural concerns. It will take some time to find out how this would effect junior mining companies working in northern Canada as in the NWT and Nunavut. If the overburden of regulations now isn't enough now this will surely add to the pile of paper.
Speaking of paper, Coventree may end up closing shop over their part in the ABCP issue that has plagued some mining companies. More of that story here.
This will be the last news bit of the year. Make note that we have a newletter signup now. How many times you will get a newsletter is hard to say but we hope to let everyone know a bit of what is happening once a month. Feel free to sign up. We sent out a test the other night but not many made it to their destination. That's the problem with technology if you're not use to it.
Until next time have yourselves a Merry Xmas. Bring home some nuggets.
GAdams webmaster
Our DISCLAIMER
Throwing The Baby Out With The Bath Water
Dec.19/2007
Some things happen in the market that really makes one give his head a shake. Ever wondered why one day the market is down over 100 points but the next day is back up 100? The last few days we have seen Nova Gold NG drop from the 9 dollar range to new 52 week lows of 6 dollars. On the 18th they dropped to a low of $5.90 on close to 2 million shares. On the 19th they are up around a dollar on over a million shares. So what was the reason for the sell off on the 17th-18th? Obviously it was not a good to stock to own. But now on the 19th all of a sudden it becomes a great stock to own. Todays close, $7.50. Up $1.35.
We have Carmax Explorations CMX on watch because of the work area, namely BC, and also because of the trading activity surrounding the stock. This is an interesting junior as it is exploring in the area of Northwestern BC which hosts a large amount of mineable deposits. There is a lot history in this area of BC. It will be interesting to see how the stock price plays itself out over the next little while after such a sharp sell off we have seen in the last few trading sessions. The stock price could fall even a bit further as we are in the last few trading days before Xmas. For those who like to bottom feed bargain you may get your chance.
We've had Constellation Copper CCU on watch for some time. It is also on our list of Gambling Stocks. Today the stock ran from between 8 - 14.5 cents on 31 million shares after a review of its San Javier Project in Mexico.
Also over the weekend there was various news articles regarding Western Canadian Coal WTN putting itself up for sale or merger. Watch close.
With everything going on these days one has to wonder if there is going to be a so called Santa Clause Rally or not. It is quite evident that some elves are not doing their job. Or else they themselves are being squeezed out of the market.
We've already filled our stockings with coal. And coal we like. As we've been saying for the past month and a bit both Western Canadian Coal WTN and Grand Cache Coal GCE are stocks to watch. Buy on dips and profit on any runs. Both of these stocks will do well in time. These are companies with real mines. Not moose pasture sprinkled with maybe.
So what else is out there? Well because we are a bit partial to Canadian explorers and Canadian projects we are always on the watch to see who it may be that has the "Next Big Find". Of course we watch Starfield Resources (TSX: SRU) closely with their 100% owned Ferguson Lake property in Nunavut. But we are also curious of another junior working in Manitoba. VMS Ventures Inc. (TSX-V: VMS) is activily exploring for base metals in the Reed Lake area around Flin Flon Manitoba. This area has a long history of base metal mining and exploration. Not only that but there have been many producing mines. With a 40+ hole drill program currently being planned for the 2007 -2008 winter, there could very well be lots to look forward to.
Aside from base metals they do have the Eden Lake project. Rare earth elements (REE). REE projects are always interesting because the bulk of REE that is mined and produced today is in China. And they are also the largest end user of these products. There are different articles written that support the idea that one day China may curtail or even quit exporting REE. Everyone know what happens with supply and demand when there is no supply. Being this close to Xmas and general sentiment in the market place the stock could easily fall under the dollar mark. But who knows. Looking long term stocks like this have the potential to hand out big rewards to shareholders. Fridays close was $1.10.
We kind of like sage green. As in Sage Gold Inc. (TSX-V:SGX). With the bit of a selloff in golds today the stock price is back under the 50 cent mark. Watch for support around 44-46 cents. If metals and market continue the selloff, 40 cents would be the next support level. We feel the selloff is just another of those 1 day panics. Tommorrow everything will most likely be up again.
This small junior has very active projects and is now noticed by the trading public since mid October and trading volumes has reflected that. There also will be news out in the very near future. News thus far has been positive. As always do your own due diligence.
Also some news out again in regards to the ABCP issues that have been plaquing Redcorp Ventures RDV. Seems the news about this will be postponed again till after the new year.
What do you want for Christmas? We at Junior Miners here will take a lump of coal in our stockings please. Actually maybe a rail car load? Nah, we'll just take some stock.
We put out an alert on Nov 19 and again on the 30 on our Penny Mining Stocks website for Western Canadian Coal WTN as a good penny buy. After dropping to a 47 cent low that in our terms is just way over sold. Just last week again with the stock around 65-70 cents we felt that the time to was right. With tax loss selling almost over it had nowhere to go but up. If you are one of those who bought congrats. You're up 30% in a few days. Take a wee bit of profit and buy on any dips. Remember, coal is good no matter how dirty it is.
Also don't forget about Grand Cache Coal GCE. Just under the dollar mark. Up a nice 10% today. Sell on any profits and buy back on any dips.
Until next time. Bring home some nuggets. (or even some lumps of coal) GAdams webmaster
Our DISCLAIMER
Time to Buy Juniors?
Mon Dec.3 /2007
Here is a Kitco article today by John Embry titled: "I Can't Think of a Better Time to Buy Juniors"
Enjoy!
Goldman Sachs Say Short Gold In 2008
Sun. Dec.2 /2007
Huh? Was that a miss print? Some kind of typo? It is hard to believe that anyone with half a brain would go short on gold at this stage of the game. Maybe I'm to much of gold bug to even admitt that there is a remote chance that gold will go back down. Wasn't it these guys just a few weeks back that had concerns about their exposure to bad mortgages? Or could it be that they are just poor loosers that bet on mortgages instead of gold and missed out on the latest rally and want in at a lower price? I think that the sub prime issue in the USA is a whole lot worse than most would think and that it is a long, long very long way from being over with. As far as the US dollar recovering there are not many that can see that happening either. I think that this is just a way to shake out loose hand of all their stock. But if gold does get shorted hard and if the fundamentals for buying were good this past summer they will be even better when the price is lower. Like most stock "When you is cheerin best you be sellin" "When you cryin best you be buyin". For more on this story click here.
These week good news came from Kodiak Exploration (TSX-V:KXL). Latest assays from their Golden Mile project graded 3.6 metres grading 358.56 grams per tonne 10.46 ounces per ton gold, including 2.5 metres grading 515.98 g/t 15.05 ounces per ton and 0.3 metre grading 3,876 g/t 113.05 ounces per ton gold. I don't know about you but that is pretty good results. I would rather being looking over these assay results than Goldman Sachs looking over how many dud houses they are going to end up with. At least some KXL shareholders will be have a merry xmas and looking forward to a more prosperous new year.
I mentioned on our other site about Western Canadain Coal (WTN-T). They bottomed out around 50 cents after falling from the 3 buck range. If you like coal and think there is a future maybe look at picking a few shares up. They have a mine in place and are mining and selling coal from the Tumbler Ridge area of BC. Asia ain't going anywhere but up and they use coal so for around 70 cents now it may well be worth a look. Do your own DD.
Gold back above 800 US looks good. Charts are showing buying and an upward trend to continue. With all the political issues, mortgage problems and just general uncertainty, metals are the place to be. At least one would think.
Today Novagold and Teck dropped a bombshell and said they will suspend the Galore Creek project north of Stewart BC do to cost overruns and time. Novagold stocks price lost more than half its value. The CBC has the story
here.
We haven't talked much about diamonds in the north lately. Maybe it is because so little news has come out on that front. Last week though, Peregrine Diamonds Ltd announced that it has discovered three diamondiferous kimberlite pipes on its wholly-owned Nanuq property, located approximately 300 kilometres north of Rankin Inlet in Nunavut, Canada. That shot there stock price up almost 100% on the day. from a 70 cent low to 1.40 high. Good news for such a quite sector in the junior mining game.
On the vulture side of things, RDV-T hit 19 cents today. Could have been because of the Novagold issue. Abit over 12 million shares traded. Maybe tax loss selling? WTN-T last week really dropped. About a 75% drop. If you like coal you'll keep an eye on this one.
Thur. Nov.19 /2007
Metals have come down a fair bit in the last little while. Not only gold and silve prices but zinc, lead, copper and nickle. This has been a detriment to some juniors from a trading aspect. Once the stock price and commodity price fall, investors get a soured taste and sell with a reluctance to buy.
This past week or so has seen very few juniors shine price wise. Those that did was only for a brief day or so and then the sell off continues or the buying just dries up. Of course the so called sub-prime credit crisis crunch may have something to do with it also. One wonders sometime where the value lies. One one hand we have companies like google that has a stock price of 700 bucks and then we have companies that have real goods with things that people really need like zinc and lead and nickle and the stock and company get beat to a pulp.
With the year coming to an end in less than 2 months there will be a bit of tax loss selling here in Canada. Maybe then we will have hit bottom and stock prices turn around. Keep in mind that we have about 2000 of them listed in our directory right here on this website. Remember, when looking for the next big find, your search starts here.
One last thing, the 35th Yukon Geoscience Forum will be held in Whitehorse YK Canada Nov. 25-28, 2007.
Yes gold is way over $800 per oz. but what about the junior stocks? Or how about any gold stocks. Seems quite blah to us here. We feel that gold, silver and metal stcoks are still being traded like some ordinary equity. I guess time will tell. There will come a time that gold shares will un-couple from the market in general and those stocks prices will be heading north. There are a lot of bargins out there right now and one will be wishing they had filled their boots with cheap stock in a few months from now.
With the price run up in gold we are wondering also what mining will be like for the smaller operator. Here in Canada the Canadian dollar is roaring ahead and with fuel costs starting to really sky rocket that will mean higher operating costs for cheaper gold. A few of our readers are those placer miners that work on a short season and already pay a premium for fuel because of the locations they are in. Even public companies working in the far north on exploration projects where everything has to be flown in. There will be definate rise in costs. Let's hope that the rewards are out there.
Also just a reminder that from Nov. 15-17 the Manitoba Mining and Minerals Convention is being held. Manitoba being a miner friendly place in Canada one may want to take this convention in.
Our featured junior miner First Narrows did not perform as expected. Reading the chat boards there is a few somewhat upset shareholders. I guess with plays like NOT, BMK, VMS and others some expect the same stratopheric rise on their plays.
Well we will want to see how the next few weeks play out with the gold price. If you have not bought any gold there is still a lot of time. Gold is going higher. A lot higher we belive.
I get emails from time to time from visitors to the site. Some have ads to place, some have questions to ask. This week I received and email from someone asking if I knew the name of a new mine going in around Yellowknife NWT. I'm stumpted. If anyone out there knows please send me a email.
The following is an exerpt from his message:
I have a really unusual request that I'm hoping you can help me with. I was listening to a financial program last week on the internet and the moderator took a phone call from an investor and they were talking about a junior gold mine located in or about Yellowknife N.W.T. The only hint to the name of the project was that it rhymes with ma-he ? I know this is really a long shot, but can you help me? Any leads would be appreciated.
So like I said, if anyone reading knows who this miner is or anything about this, we would like to hear from you.
Gold hit another new high this week. Also platinum hit a new high. A slight bit over the $1450 mark and settled out around $1440. With the juniors this week there was news out from First Narrows. (TSX:V-UNO). The stock did a slight on Friday but couldn't seem to hold onto any gains being a broad market selloff to begin with. Bad day for news? One will never really know.
Those who are interested in moly, Adanacmoly (TSX: AUA) got financing and is getting ready to commence construction of its Ruby Creek Moly mine in Atlin BC.
Remember this week the gold show is on in Toronto.
Well for a week of hot metals there sure wasn't a lot of action in the junior stocks. I did see that Forest Gate (TSX:V-FGT) made a double. Problem is they aren't really looking for diamonds. It all happened because of some oil well in Ireland of all places. They were and maybe still sort of are poking around for diamonds in the Fort La Corne area of Sask. They were a lot of talk a few years ago and then a kind of silence set in.
This month as our featured junior miner we have First Narrows. (TSX:V-UNO). Be sure to read up on this junior. Lots of good things around the corner. Could be a winner here.
I noticed that palladium hit a high this week. Going back on the charts though it is still a long ways off it historic high. Almost $1100.00 US back in 2000. Most palladium comes from Russia. As far as I know there is only one mine in North America and that is the Still Water mine in Montana. For palladium to hit the old high is still over 200% increase away. Now there is some money to be made. Know of a junior poking around for palladium let me know. There are always a few readers around that are interested also. I pass the word on. Nothing like a hot tip in a cool market like we've been having.
Also we have a 5 inch dredge for sale listed in the ad post. If you are interested you can check that out.
One more thing. The Gold Show and Toronto Resource Investment Conference is taking place on Oct. 21-22.
Another week has come and gone we have seen nothing but new highs for the yellow metal. Things are really looking up. Actually, way up. Now some analysts are predicting gold hitting $1500.00. Maybe even $1000.00 for the year 2008. Where were these guys before? Touting burnt out tech stocks maybe.
All things aside, even with the run up in gold here it has done very little for the share price of most juniors. Yah, there is one here and there that have good drill results or assays, but after the big pop, the stock price usally falls back. Not to worry, one day most of these little fellas will be running hard. Everyone will want a piece of the action.
Platinum is hitting highs also. Palladium has a long way to go. It had a high of almost $1100.00 back in 2000. Its price today is around $350.00. Long ways to go before it's old high. One may want to be on the look out for some palladium juniors out there. On stock that comes to mind is Benton Resources (TSX-V:BTC). They have an ongoing work project on their Bermuda/Bamoos. This property lies directly along strike of Marathon PGM Corp's deposit, a resource of 2.75 million ounces TPM (Total Precious Metals = Platinum + Palladium + Gold) and 500 million pounds of copper. At a price of $1.20 or so it may be a good play. Click here to link to their website for more information.
Seems to be a bit of revival in uranium stocks again. They were hot for quite some time then all of a sudden they became a non issue. With all the talk out there about a green world and carbon foot prints and boo hoo on your old car, uranium may be the way to go. After all we can't build anymore dams or cook up power with coal it seems, so we may as well just built nuke plants. If you find a uranium winner, let me know. I could use a lucky break after this summer of lack.
When in investing in mining companies we are often told by finacial advisors and the like that keeping ones money close to home is a prudent idea. And rightly so. We have all to often heard of horror stories of good mining properties being confinscated by third world governments. You hear about it in some South American and African countries. But for us in Canada is it really any better? Just last week Northgate minerals didn't get an OK for their expansion. In an enviromental review the panel that did the reviewing didn't Ok the project. Why? Well it got carried away with things like social and cultural issues. From what I understand, politicians can still allow the project to proceed. It will be very interesting to see what happens.
Also last week I was reading a bit on CBC North about Miramar Mining Corp. that they had received their water permitt for the Doris North project in Nunavut. That's good news. But from what I read, it took around 5 years to obtain that permitt. I often wonder how a department or organization can justify that length of time to make a decision. This mine is only going to be operational for a few years from what I read. Here is the link to the CBC article.
Maybe all this bothers me somewhat because I like to view things in a simple uncomplicated way. The government department takes your money for exploration permitts, staking etc. But when push comes to shove, then there are all sorts of technical issues to deal with. Is this the furture of mining and exploration in Canada? Is it just a BC or Northern issue? I have often looked at Redcorp and their Tulsequah project in northwestern BC. Nothing but hoops and hurdles. That's one of the reasons Juniorminers.com felt compelled to have them as a featured company. To me with issues like this, there is uncertainty right here in Canada. I sure hope not. Canada is a world leader when it comes to mining. And even more so when it comes to the junior miners.
One more thing before I go. We have just added a new job section to the website. It's for jobs and employment. If you are a company looking to hire mine staff or any other type of proffession, you can post an ad here with us. Just contact us with the details and we will get it posted for you.
Anyhow....gold is nicely up along with some other metals. Notice lead? WOW. Even more pricey than zinc right now. Almost too bad I don't play futures.
Gold, it's just like the Energizer Bunny. It just keeps going and going and going. And there are going to be some juniors out there that are going to be going too. Going up that is.
I see that Noront (TSX:V-NOT) hit a whopping 4 bucks. That's like 1000% increase in what...2 weeks? I see that their next door neighbour, Freewest (TSX:V-FWR) and KWG Resources (TSX:V-KWG) are also taking advantage fo that rise. Freewest hit a new 52 week high here in around the mid-40's cent.. I use to follow them and infact traded the stock from time to time. It was about 4-5 years ago since they last traded that high. (I'll have to take a look here and go back a ways) Good to get new blood and perspective in some of these stocks.
Getting the volume up is good also. Once one gets new shareholders who bought in at a higher price there can sometimes be a renewed outlook for the stock in general. A lot of these companies have good prospects and nobody seems to care. You can get companies sitting on mountain of gold and all the investing public does is yawn. A lot of us gold bugs though believe that will all change in the next while. Once the likes of Barrick and the other big players are sitting at 100 bucks a share, the masses will be on the prowl for the next big find. And you can bet your sweet _ they will find it with a junior miner. Some poor undervalued juniors will get their day in the lime light.
Dumb question. Of course anyone who is even a partial gold bug couldn't help but notice the price of the good old yellow metal. Back to what, 16 month highs or something? This is great news. There is alot who figure that once this credit OTC derivative issue gets opened up it's going to be a real ugly can of worms. This of course will be great news for the gold crowd. We are hoping that it will be better news for the juniors out there. They could sure use some good news for a change.
I was taking a look at some stock prices here this past week and never realized just how many are at their 52 week lows. But as they say "when your cryin you should be buyin".
There are a lot of good juniors working away and you would think that the office was locked and the lights were out. Some have shares that have hardly been trading. Maybe with metal price heading up this will turn things around.
I see Noront Resources had a big pop here. Just huge. Up 100% plus in 1 day. Good assays coming from their Double Eagle project located in James Bay Lowlands. 36 metres averaging 1.84 per cent nickel, 1.53 per cent copper. By the way, I wasn't holding any stock which is to bad. I could use a break like that.
As an added note here. If you have wanted to buy gold without the high fees attached for bullion, there is a new way to buy and sell if you wish. It's via Bullion Vault. Open an account and they give you a free gram of real gold to get you started. If you think gold is going to the $1,500 US mark like some do, it's a great way to save and earn at the same time. Gold, you can't beat it.
Sun. Aug 29/2007
Since I last wrote not much has changed on the markets. Actually they are quite boring. Like the old saying, "Watching paint dry". Last week (TSX-V: CME) made a nice pop upward. Today one of the more watched stocks, First Narrows (TSX-V: UNO) has fairly impressive results from one of their projects. After a short halt the stock bolted upward only 20%, only to settle back a cent or 2 up from the previous close.
We still haven't got our email newsletter mailing list affair in order. It will most likely be mid September now. We feel that after the summer is over and everyone is back to the old grind with work on their minds, that would be the best time.
Also for all those silver buffs out there, remember that the Silver Summit is taking place in Idaho. September 20th-21st, 2007 in Coeur d'Alene, Idaho and September 22nd-23rd, 2007 in Wallace, Idaho. Got the time? Check it out. Nothing like old mine tours and finding out what's new.
Sun. Aug 19/2007
If anyone had thought that 2-3 weeks ago there was any bargains to be had with some of the junior mining stocks, well after this week there has got be absolute steals of deals.
There wasn't much that escaped the downturn. Even the safe haven gold was sold off. I would suspect margin calls coming in and so you got sell something for cash. Hey, after all for some out there they can't use the equity in their house. Nobody wants the house either.
So what else is new? Our new website Pennyminingstocks.com was launched this past week.
In time we hope to have lots of those bottom feeder stocks listed. Anyone have any favorite picks of junior stocks, feel free to let us know. We have listed some of the better under-valued juniors. Although there are lots out there we have a few that we feel are better than others.
So we have to see what happens this week. Up? Down? Sideways? Only the market knows for sure.
Until next time. Bring home some nuggets. GAdams webmaster
Our DISCLAIMER
Scary Past Week
Sun. Aug 12/2007
It was a scary past few weeks on the markets. With the big credit crisis a lot of stocks saw the big sell off. Breakwater, (TSX: BWR) saw it stock price take a big tumble. I had read that there were funds that needed money to cover margin calls elsewhere so of course you have to sell off something to get the money. We'll have to see what the new week brings.
Gold stocks on the other hand did see value being added as long position holders have most likely had enough and refuse to sell and others are starting to see that once again gold is value. I see, Tanzanian Royalty (TSX: TNX) was up almost 5% on Friday. On a down week for stocks, this is good news. Gold. True value, real money, a safe haven in troubled times. Call it what you wish.
We are hopefully going to get a mailing list started here in the next few weeks. Stay tuned for that. Also check out the Adpost for new want ads. Looking for ground? We will get the word out for you. Free service too. Feel free to contact us anytime.
Until next time. Bring home some nuggets. GAdams webmaster
Our DISCLAIMER
New!! Uranium & Diamond Juniors Added
Wed. July 25/2007
We have added 2 more categories of junior miners to our list. These are juniors that are exploring for uranium and diamonds. You can check them out from our junior companies page from this link here.
Last week I mentioned SWG, Southwestern Resources. We thought it may have bottomed out and was heading higher. Well after a very short higher it was halted and then the news came out.
Tampered drill results. Sort of like another Bre-X? Well of course this is not the type of news investors like and I don't have to tell you happened next. OUCH, if you were holding.
Nothing like going for a slide from 6 bucks down to 2 bucks. Another good reason to do your due diligence and beware of all the risk potential that some of these stocks pose.
Be sure to stop over at the adpost. We have another ad for a mining claim for sale. This ad just came in this past week. Properties in California.
Until next time. Bring home some nuggets. GAdams webmaster
Our DISCLAIMER
Welcome Australian Miners
Friday July 13/2007
We just got a list of juniors compiled from Australia. I'll have to count how many there actually is. I lost track around the 300 mark and then just gave up. If you are from Australia or the Australasia, New Zealand areas and notice that a certain company isn't listed let us know. There are lot of manufactures of mining equipment from Australia and that area. If you are one of them, get your website listed here so others know about you.
The week in stocks. It was a good couple of weeks here with the stocks that are on our watch list. Our buyout rumored Chariot Resources (TSX: CHD) is up about 30%. An our zinc play, Breakwater (TSX: BWR) is up very nice as well. Around the 25% gain over the last 2 weeks. It's been getting a bit of news time. Some say that they may be taken over. Either all the news of takeovers I guess it's a good rumour to start. Even the uranium play Pure Point Uranium (TSX-V: PTU) edged up a wee bit. We have started to watch Vista Gold. (TSX: VGZ) Not a penny stock, but it's gold and sometimes that's all that matters. Make sure keep an eye out on that one.
I see also that Southwestern Resources (TSX: SWG) did a big turnaround. They were hitting 52 week lows. Another one we missed out on. You can see others we missed out on.
Until next time. Bring home some nuggets. GAdams webmaster
Our DISCLAIMER
Happy Birthday Canada
Sunday July 1/2007
Juniorminers.com has been on the web for a bit over 1 month now. Some good news is that we are in the first few pages of Yahoo and Alta Vista. Using the keywords, junior miner, junior miners, junior mining companies, and gold mining claims for sale, we are getting ourselves positioned well. These are terms that we feel will be used often. Another good reason to consider being a sponsor or posting a free ad if you have claims or equipment for sale. Speaking of which, after some tweeking and fixing here and there and running a few ads ourselves, we are starting to get some ads posted. Also there is still lots of time to request being a featured company here at Juniorminers.com
We have some good claims for sale by owner posted here.What else is new. One of the stocks that we are watching, Chariot Resources (TSX: CHD) has had a bit of a run up in regards to a takeover. They are developing a large copper find in Peru. The stock was a bit over 20% up for a day or two. Something to watch.
A lot of analysts, the true gold bugs are figuring gold has bottomed out and will be heading up here shortly. Some are calling for the next leg up sometime this month. June historically is a slow and low month for the metal. The summer dull drums I guess. have a happy Canada day and for those south of the border, have a good one on the 4th of July.
Until next time. Bring home some nuggets. GAdams webmaster
Our DISCLAIMER tons of sites out there. Every site seems to cater to the big boys with big names. (the mid to large cap stocks) And for those who want information on metal detecting and treasure hunting, the hobby type weekend panner, there seems to be a fair few sites also. But when it comes down to small placer miners, prospectors and junior mining companies, both private and public, there are very few websites. This is the gap that we are hoping to fill.
Please bookmark this website. As time moves on we want to be of service to all those independent miners and small public companies that are trying get noticed. (there is over 1500 juniors listed on this site alone). Become a sponsor/advertiser with your logo on any of our pages. We have rates that are second to none. Use our adpost as a means to list any property for sale, lease, option or joint venture. You never know who is reading these pages. If you are looking for claims or properties in a certain area, get an ad placed. Same goes for that hard to find equipment. It may be just down the road and you dont even know it.
Ask about being a featured company/miner. Whether you are just starting out, been established for years or trying to raise interest in your stock, being featured is a great way to get exposure for any company. You don't even have to be a miner per se. If you are a contract prospector, driller, trencher, slasher etc. this is a great place to get some added exposure. Remember, this not a small biz website. This is a junior mining website. About junior miners, for junior miners.
We will be setting up a mail form page in the next while. In the meantime, just email us direct with any inquiries you may have.
Until next time. Bring home some nuggets. GAdams webmaster
Our DISCLAIMER
Well today silver did sell off somewhat along with al the rest of the metals. The markets in general are quite crappy which makes the juniors even more crappy to watch. But once the crap is over with we will be clear sailing. Blue skies with a silver lining is all there will be.
In the news, Redcorp Ventures 
With the 2007 year coming to a close we are seeing a lot of juniors in the lows. Of course there is always the end of year tax loss selling that brings the prices down, but there are companies whose values are sold down more than need be. A lot of these companies where stars through out the year. One of the challenges for the new year will be able to identify which fallen star will shine bright again.
Some things happen in the market that really makes one give his head a shake. Ever wondered why one day the market is down over 100 points but the next day is back up 100? The last few days we have seen Nova Gold 
With everything going on these days one has to wonder if there is going to be a so called Santa Clause Rally or not. It is quite evident that some elves are not doing their job. Or else they themselves are being squeezed out of the market.
What do you want for Christmas? We at Junior Miners here will take a lump of coal in our stockings please. Actually maybe a rail car load? Nah, we'll just take some stock.
Gold, it's just like the Energizer Bunny. It just keeps going and going and going. And there are going to be some juniors out there that are going to be going too. Going up that is.
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