Brent Cook on BNN / Toronto Resource Conference Discussion

Brent Cook on BNN - Frustrating with a slow connection, reviews .......

OT - British Beers

800 UK breweries, the most since WW2.

Edgeworth Beer Festival - Great Beers
Thwaites, Timothy Taylors, and so many local up and Comers

http://www.eraf.org.uk/festival-info.html

Lawrence Roulston Interview

Beneath the Surface interview with Lawrence Roulston of Resource Opportunities. Discusses Goldquest and Santa Cruz Mining
http://www.theaureport.com/pub/video/1325

Trading Gold Miners

Bill Cara and Geoff Goetz write daily at Cara Community and have called recent cycles in gold and the miners well. This is not a gold bug site, but one for serious, studied traders who recognise the precious metals bull market.

Today was a very bullish call on the miners by Geoff.

Toronto Show - Cambridge House

Precious Metals / Resource Companies presenting.
Limited Selection

Rick Rule - On Junior Exploration & Mining

A Long Interview here

http://www.thedailybell.com/4334/Anthony-Wile-Rick-Rule-on-Gold-Silver-and-Why-Junior-Mining-Stocks-Have-Languished

Gold & Silver Exploration - Discovery Stocks - Drill Hole Hits

I have added a new "Page" fixed  at the top of the blog

"Gold & Silver Discovery Stocks"

I shall post great drilling intercepts and discoveries here with the stock charts and a list of company stock prices and Market Caps below.

B2 Gold - CGA Gold Merger / New Gold Blackwater

New Gold announced a new PEA for 500k pa production at Blackwater in British Columbia, getting nicely positioned in the sweet spot of "growth mid tier/consolidator" heading to 1 million oz production.
$1.5 - $2bn capex is quite something to fund from cashflow.

Japan joins Global Easing - What is the Endgame - Gold $15000 Paul Brodsky

Japan Joins the Race to Debase

http://finance.yahoo.com/blogs/breakout/bank-japan-ecb-fed-race-debase-says-kilburg-113550179.html

Interesting discussion by Paul Brodsky at QB Asset Management of the potential endgames involving gold.

Financing for Junior Mining

Yesterday's post referred to Sandstorm's funding of gold streaming agreements.

Today Jim Sinclair suggests that Cluff's deal with Samsung represents a "game changer" for junior financing.

Nolan Watson Interview - $300m to invest in Juniors

Nolan Watson was the very young CFO at Silver Wheaton and then went off to set up Sandstorm, another streaming company which raises equity to finance mining projects in return for a future metal stream at fixed prices. Sandstorm stock has done very well and is now US listed $1bn company.

BMO - 76 New Gold Mines 2012-20 - Emerging Gold Stock Production Growth - Junior M&A Targets

This presentation by BMO dating from May 2012 was referenced by Romarco in their Denver Gold presentation.

A selection of Gold Juniors' Production volumes, Costs and Market Caps

An interesting chart of PEA/PFS/FS production volumes and cash costs for a range of gold development projects, from a Midas Gold presentation, and a table I have added of the companies owning the projects named.

Global Easing

The big print to global reflation continues......
As money is devalued and earns no "safe" return the opportunity cost of investment in gold and hard assets falls.
If inflation takes hold and interest rates start to climb the capital value of bonds falls precipitously ending the 30 year bond bull market. This would be Sinclair's final pillar for a gold bull market.

Pierre Lassonde at the Denver Gold Show 2012

Lassonde is a major industry player, building Franco Nevada and a part of New Gold's growth.

Shortage of Quality Gold Deposits - Brent Cook / Quinton Hennigh

Daniella Cambone from Kitco News interviews Brent Cook and Quinton Hennigh of Exploration Insights at the 2012 Denver Gold Show.

Brent Cook Interview with Ellis Martin September 2012

Interview September 2012.

Gold Price Targets - Alf Field - Jim Sinclair - David Nichols

Jim Sinclair often points to Alf Field for his Elliot Wave analysis of the gold price.

Field wrote on 31st July 2012

In a Discovery Cycle - Northquest, Reservoir, Comstock, Carlin Gold

A number of exploration programmes are bearing the fruits of investment over the past few years. 

We are "In a Discovery Cycle" as Rick Rule describes it.

Gold Stocks Break Out

A good review by Adam Hamilton of "Zeal Research", seeing the gold stocks breaking out.....more....

Richard Russell - Devaluation of debt against Gold

Here Richard Russell, who has written the "Dow Theory Letters"  newsletter since 1958, discusses the role of gold in resolving the debt which is currently choking the planet.

Toronto Resource Investment Conference - Sept 2012

To round off a busy September exhibition season, The Cambridge House show in Toronto.

Perhaps a little more retail / newsletter writer oriented.
Always useful to know which stocks are being promoted.....for good.....or bad.

Precious Metals Summit Conference - September 2012

Another conference just ahead of the Denver Gold Show.

Linked presentations.

http://www.gowebcasting.com/conferences/2012/09/05/precious-metals-summit/day/2

Denver Gold Show September 2012

The Denver Gold show 9-12 Sept 2012 is a key industry meeting ground where juniors present themselves to the market and potential acquirers. Attendance is by invitation only, for the industry and investment groups, non-retail.

Links and list of exhibiting companies below.

The companies here tend to be more established producers or developers rather than the up and coming explorers we see at other exhibitions.

Frank Giustra - Buying Juniors - and Farms

Interview at CEO.CA with Tommy Humphreys, links below.

Frank Giustra is a very well connected and extremely successful Canadian investor and Philanthropist.

"Investible" Precious Metals Mining Sector Shrinking ?

A review of the Silver mining sector by Sean Rakhimov at "Silver Strategies" is discussed by Metal Augmentor, pointing out that increases in jurisdiction risk for many precious metals miners, and consequently junior developers and explorers, is restricting the "investible" universe in the sector.

Bernanke Speech Jackson Hole 2012 - Options at the Zero Bound

The full text of Bernanke's speech of 31st August which seems to have convinced the market that more easing will be forthcoming. Gold up by $36 to $1,691 breaking resistance levels.

Also an interesting Jackson Hole presentation by Michael Woodford on Central Bank options at the zero bound, particularly around Nominal GDP (NGDP) targeting supporting fiscal stimulus.

A Banker's Look at Gold and Gold Mining

Interesting article from a banker at Standard Chartered on funding for the Gold Juniors.
Discussing West Africa in particular, see the "Regional Exploration" Page for Explorers there.

Gold Mining M&A - Mergers and Acquisitions

As suggested here early in 2012 the juniors are seeing considerable M&A activity in 2012.

The concern would be that failures in the seniors, which have seen CEO's depart, may make new heads over-cautious.   More .....

Brent Cook on Barkerville

The controversy surrounding Barkerville continues.
Brent Cook's review of their resource statement courtesy of IKN.
http://incakolanews.blogspot.co.uk/2012/08/brent-cook-on-barkerville-bgmv-from.html

And Quinton' Hennigh's earlier view (also of Exploration Insights, courtesy Inca Kola News.
http://juniorgoldminerseeker.blogspot.co.uk/2012/07/barkerville-gold-news.html

What has been odd is the strength of the price rebound, but once the cease trade order ends.....?

Gold Stock Reflexivity

A consideration of George Soros' theories of  "reflexivity" applied to gold development stocks.

.......application to gold development stocks: when a company with a gold project trades with a high equity value, potential buyers assign high values to the project and the company, confident that the company will be able to finance the project.  In fact, the higher the stock goes, the easier it is to finance the project, and, therefore, the more value the project has to the company, and the more valuable the company.

However, if the market corrects lower and the value of the company shrinks, then financial observers will question how the company will finance the project, and therefore assign a lower value to the company, forcing the stock lower, reducing the value of the company, etc.

Worth reading in full.

http://www.jsmineset.com/wp-content/uploads/2012/08/Myrmikan_Update_2012_08_14.pdf

Brent Cook - Not Grade - Margin

Interview with Brent Cook. Emphasising issues with the quality of feasability studies and why margin and profits in mining don't just reflect deposit grades.
http://www.smallcappower.com/articles/brent-cook-expert-interview-17.html

Cook mentions a couple of stocks he regularly discusses, Lydian (LYD) and Belo Sun (BSX)

Part of a series
http://www.smallcappower.com/expert_corner.aspx

China's hunt for Gold

Interest in gold miner African Barrick, and others, from China.

Reports in the Wall Street Journal, the FT and the source in Qiushi Magazine, a Chinese Communist Party Central Committee academic journal communicating ideology to officials are linked below.

OT - Lake District

The sun is a little rare in these parts, but Ullswater in the sun is wonderful.
Here climbing up from Glenridding.

Olympic Gold - Closing Ceremony

Picks of the Games

Eric Coffin - Stocks to Watch - August 2012

Eric Coffin Interview with Scott Gibson  - "Beneath the Surface".
http://www.gotgoldreport.com/2012/08/scott-gibson-with-eric-coffin-stocks-to-watch-and-why.html

Failures in the Senior Gold Miners

The recent departures of Chief Executives at major gold miners points to failures in the industry and perhaps more to weak share price performances over the past few years relative to gold.
The XAU:Gold ratio tells the tale

Global Gold Mines & Deposits 2012

A large review of global 1m oz gold mines and deposits, including ownership and grades.
Remember grade can be deep or shallow so cannot simplistically indicate the economics of  recovery, but as full a list as I think I've seen made publicly available.

http://www.nrh.co.il/i/pdf/NRH_Research_2012%20World_Gold_Deposits.pdf

Got to Love Discovery

The junior miners and explorers may not have the wind behind them, but a good discovery can reap great rewards. I like to folow good people in good jurisdictions to enter during those long boring basing periods you see in the charts. Probably not ones to buy today, GQC shows how they pull back for entry points.
Two excellent holes reported today.

One from Nevada, (see the "Regional Exploration" Page here)

Greg Hahn's Canamex discovers 118m @ 4g/t in Nevada - use Brent Cook's drill interval calculator to work out the significance of the high grade
http://www.canamex.us/?page_id=7

Canamex CSQ.v

And Goldquest, as followed by Hard Rock Advisory, continue discovery at Romero in the Dominican Republic. 159m at 4.5g gold plus 1% copper
http://www.goldquestcorp.com/index.php/news

Goldquest GQC.v

Gold Coiling....

Looking for something to break gold from it's coil, against some of the most negative sentiment seen..... A good review by Geoff at Cara Community.

http://caracommunity.com/content/bill-caras-blog-jul-18-2012