6.12.2016
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Topics:
TerraX Minerals + OPEC announces official crude oil hauling reduction on a supposed grand scale – But reality looks different! + Trump’s plans and E-mobility driving copper price onto new highs + Rye Patch Gold + Treasury Metals + Caledonia Mining + Altona Mining + Timmins Gold
Mines & Money 2016 – London: Interview with host Andrew Thake
Top-News of the week:
TerraX samples up to 66.7 g/t Au on a new mineralized structure at Sam Otto
Great news continuing for TerraX Minerals! Just a couple of days ago, the company announced 7.40 m @ 10.17 g/t Au including 1.00 m @ 68.50 g/t Au. And now, it returned 66.7 g/t Au in grab samples on a new mineralized structure (Dave’s Pond) at Sam Otto. The surface sampling at Dave’s Pond is impressive, and as part of the Sam Otto target the company believes there is substantial potential that the area could host a large mineralized system on multiple structures. The opportunity at the Yellowknife City Gold project is to make multiple high grade discoveries in a world-renowned gold district, and the Sam Otto area is shaping up to be one of those discoveries.

Market Watch:
OPEC announces official crude oil hauling reduction on a supposed grand scale – But reality looks different!
Last week, the oil ministers of the OPEC countries not surprisingly reached an agreement on the first crude oil hauling reduction since 2008. Altogether OPEC decoded to cut oil hauling by 1.2 million barrel per day, to reach a daily haulage of 32.5 million barrel. As several mainstream media coincidently reported, the OPEC wants to reach its goal by throwing Indonesia, which produces 700,000 barrel per day, out of the cartel. Without thinking about it furthermore, this has to be a clear fact. But the whole thing has a snag. The OPEC will reduce its production by 1.2 million barrel per day without Indonesia, what doesn’t mean, that Indonesia will completely stop its production. The country will continue to produce this amount and will also sell it into the market. Besides OPEC, Russia also reported to reduce its production by 300,000 barrel. At the end of the day the daily hauled amount of crude oil will decrease by only 800,000 barrel per day. Therefore, the huge increase in crude oil prices by at least 12% seem to be absolutely exaggerated, especially for the fact that there will still be an overproduction.
Trump’s plans and E-mobility driving copper price onto new highs
Since mid-October 2016, the copper price knows only one direction: upwards! On top, the copper priced reached a plus of about 30% within only 6 weeks! There is no current news which may have caused this. But there are some speculative reasons for it. On the one hand, Trump’s election for president and his plans for a massive infrastructure program should play a heavy role. On the other hand we have the rising e-mobility, which seems not to be stopped anymore. A VW Golf 3 needed around 30 kilograms to be built. An electric car of the newest generation around 150 kilograms! If we forecast this number to the planned numbers of e-cars by 2020 or 2022, there are amounts of copper, which cannot be produced by new or even running mines. A heavy shortage should be only a matter of time.
 

Company News:
Rye Patch Gold: Macquarie Research sets a 12-month-course aim of CA$0.65
A couple of days ago, Macquarie Research published an analysis for Rye Patch Gold. Therewith the analysts set a 12-month-course-aim of CA$0.65. Main reason for this course rise could be the fact, that the company will fulfill a transformation from a pure exploration company to a 70,000-ounce producer. The Florida Canyon Mine will start with pre-commercial production in December 2016 and should reach full production by Q1/2017.
Rye Patch - Macquarie Start Research with 12 month price target 0.65 CAD
 
Treasury Metals completes acquisition of Goldeye Explorations
A short time ago, Treasury Metals announced the completion of the previously announced plan of arrangement to acquire Goldeye explorations. Effective upon closing of the Arrangement, Goldeye has become a wholly owned subsidiary of Treasury and all of the issued and outstanding common shares of Goldeye were acquired by Treasury. The acquisition provides Treasury with a second high-quality asset, the Weebigee Project, in Northwestern Ontario. Treasury shareholders will benefit from the newly acquired assets and the advancement of Treasury’s flagship Goliath Gold Project towards production.
Treasury Metals Completes Acquisition of Goldeye Explorations
 
Caledonia Mining: Exercise of share options and large insider buying
Within the last days, Caledonia Mining announced several insiders buying. About one week ago, 35,000 share options have been exercised and converted into common shares. Furthermore, CFO Learmonth (11,500 shares) and chairman Wilson (50,000 shares) bought shares for prices between BP0.84 and CA$1.03 in the common market. A very good sign!
Overview, Caledonia Mining
 
Altona Mining discovers three new copper-gold systems at Roseby South
A couple of days ago, Altona Mining announced the results of a reconnaissance Reverse Circulation drilling program at the Company’s 100% owned Roseby South Project near Mt Isa in Queensland. The drill program confirmed major mineralized zones at Reaper, Harvest and Hobby. The best results were:34 meters at 0.83% copper and 0.14g/t gold and 13 meters at 1.13% copper and 0.13g/t gold. Roseby South adjoins the southern boundary of the Company’s Cloncurry Project and MMG's major underground zinc mine development at Dugald River. The Cloncurry Project is the subject of a US$235.5 million proposed joint venture with Sichuan Railway Investment Group. The results mentioned above are only one piece of a whole bunch of intercepts, Altona discovered this year.  Roseby South is 100% Altona-owned tenure. It does not form part of the arrangements with SRIG, but could attract the company’s attention by delivering ongoing positive results.
Discovery of three new Copper-Gold systems at Roseby South
 
Timmins Gold closes C$20 million Bought Deal Offering
Last week, Timmins Gold confirmed closing of its previously announced bought deal offering of 36,400,000 units of the company, at a price C$0.55 per Unit for gross proceeds to the company of approximately C$20 million. The Company intends to use the net proceeds of the Offering for exploration, preconstruction activities at the Ana Paula project and for working capital purposes. After the nearly total collapse a couple of months ago, the company seems to successfully completed the turnaround.
Timmins Gold Corp. Closes C$20 Million Bought Deal Offering of Units
 
 
 
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Hinweis gemäß §34 WpHG (Deutschland) und gemäß § 48f Abs. 5 BörseG (Österreich) sowie Art. 620 bis 771 Obligatorenrecht (Schweiz) zu bestehenden Interessenskonflikten der Swiss Resource Capital AG und der Autoren der Swiss Resource Capital AG:
Sowohl die Swiss Resource Capital AG, als auch die Autoren der Swiss Resource Capital AG halten aktuell Aktien von Unternehmen, die in dieser Publikation erwähnt wurden. Es besteht somit ein Interessenskonflikt nach oben genannten Paragraphen. Ferner beabsichtigen sowohl die Swiss Resource Capital AG, als auch die Autoren der Swiss Resource Capital AG in naher Zukunft, sich von Aktienbeständen zu trennen und damit von steigenden Kursen und/oder erhöhter Liquidität der jeweiligen Aktie zu profitieren. Zudem behalten sich sowohl die Swiss Resource Capital AG, als auch die Autoren der Swiss Resource Capital AG vor, jederzeit Aktien von Unternehmen, die in dieser Publikation erwähnt wurden zu kaufen oder zu verkaufen, auch unabhängig von einer Berichterstattung in Publikationen der Swiss Resource Capital AG. Auch hieraus ergibt sich ein entsprechender Interessenskonflikt nach §34 WpHG (Deutschland) und gemäß § 48f Abs. 5 BörseG (Österreich) sowie gemäß Art. 620 bis 771 Obligatorenrecht (Schweiz).
Ferner machen wir darauf aufmerksam, dass die Swiss Resource Capital AG IR-Beratungsverträge (Übersetzungen, Organisieren von Roadshows, Unterstützung bei der Suche nach Investoren bei Kapitalerhöhungen etc.) mit, in dieser Ausgabe erwähnten Unternehmen geschlossen hat und daraus ebenfalls Interessenskonflikte nach §34 WpHG (Deutschland) und gemäß § 48f Abs. 5 BörseG (Österreich) sowie gemäß Art. 620 bis 771 Obligatorenrecht (Schweiz) bestehen.
 
Die Swiss Resource Capital AG sowie die Autoren der Swiss Resource Capital AG halten aktuell Aktien an folgenden, in dieser Ausgabe erwähnten Werten: TerraX Minerals + Rye Patch Gold + Treasury Metals + Caledonia Mining + Altona Mining + Timmins Gold.
Die Swiss Resource Capital AG hat mit folgenden, in dieser Ausgabe erwähnten Unternehmen IR-Beratungsverträge geschlossen: TerraX Minerals + Rye Patch Gold + Treasury Metals + Caledonia Mining + Altona Mining + Timmins Gold.

Diese Publikation basiert auf den ausführlichen Risikohinweisen, Haftungsbeschränkungen und Disclaimern der Swiss Resource Capital AG, die hier eingesehen werden können:
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