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Topics:
Klondex Mines + Precious Metals: The support levels are maintaining! Will silver catch on now? – Crude oil: In which direction will it develop? + Brazil Resources + Caledonia Mining + Have 30 billion USD already flown back into the precious metals sector?

Top-News of the week:
Klondex Mines discovers new high-grade mineralized system

A few days ago Klondex Mines surprised with some fantastic news on its recent drill campaign, carried out at the Midas and Fire Creek Mines. Besides a couple of top-results from Midas (e.g. 84.67 g/t over 0.8 m or 321.28 g/t over 1.5 m; gold grades!) the company announced the discovery of a completely new, potentially high-grade mineralized system around 600 m east of the current workings at Fire Creek. Within a known anomaly, two out of three holes successfully intercepted the target suggesting a major mineralized structure could exist. The interceptions varied from 13.90 g/t over 1.0 m to 10.79 g/t over 0.5 m. A follow-up drill program to secure the recent results is scheduled for later in the year. Should this new discovery be confirmed as a massive high-grade mineralization, it could lead to a significant extension in Fire Creeks mine-life!
News: Klondex good exploration news
News show Klondex: Newsshow 34 with Klondex and Caledonia

Market Watch:
Precious Metals: The support levels are maintaining! Will silver catch on now?

Although support levels of gold (at around 1.200 USD) and silver (at around 15 USD) were tested several times last week, the support levels maintained! That has something to do with the lack of significant attacks on precious metals within the last few trading days. Furthermore the fundamental data looks positive – at least for silver. Silver ETFs showed inflows of 52 tons on April, the 4th, while gold ETFs had outflows of 1.2 tons on the same day, which doesn’t carry weight in cause of the massive inflows since the beginning of the year. Furthermore the US Mint reported an increase in silver coin sales of 17% to around 4 million in March. It seems to got around that the gold-silver-ratio is quoted near a historical record date of over 80 and that silver has to catch on sooner or later. The indications increase in quantity that silver may take a short run before jumping in this year.

Crude oil: In which direction will it develop?

Crude oil prices (mainly WTI) made a small step back within the last week. Although US-inventory has been reduced more than expected (while gasoline inventories have increased), what caused into a short upward trend, crude oil prices lost up to 10% in the meantime, before celebrating a comeback on Friday. The Iraqi government showed some reaction by reducing its estimates crude oil price from 45 to 32 USD per barrel, which caused in a correction of its national budget. The next days may be very exciting in cause of a proposed meeting of up to 17 nations in Doha on the 17^th of April, for discussions of a limitation of crude production. To only limit the production may certainly not lead to a reduction of the worldwide inventories.

Company News:

Brazil Resources: Completion of Geophysical Survey and buy recommendation

Brazil Resources recently announced the completion of a so-called Time Domain Electromagnetic ground survey on its Rea Uranium Project. Thereby the company identified a high priority target for follow-up drill testing. This target as well as several other high priority anomalies have been identified on the Rea Project and will be the focus of a future drill program. The Rea Project is owned by Brazil Resources (75%) and AREVA Resources Canada Limited (25%, "AREVA") and is located in the Western Athabasca Basin of Northeastern Alberta. In the same region, Fission Uranium also had big drilling success in recent times. Brazil Resources hopes to identify similar large, near surface, high-grade, basement hosted uranium resources.
That point may also be the main reason for the analysts of Rodman & Renshaw to set a buy-rating with a course aim of 2.20 CAD within their most recent Brazil coverage.
News: Brazil Resources Geophysical survey REA Project
Research: Rodman Renshaw Research buy with target 2.20CAD

Caledonia Mining: Higher production than expected and course aim rising

A couple of days ago Caledonia Mining announced its numbers for Q1/2016. According to this, Caledonia produced 10,824 ounces of gold in the first three months of this year, which is more than expected. Therefore the company looks to be on track to produce 50,000 ounces of gold from its Blanket mine in Zimbabwe this year. Quarterly production for the remainder of 2016 is expected to increase to approximately 14,000 ounces by the fourth quarter of 2016 as production of high-grade material from below 750 meters increases over the course of 2016.
The development of this production area seems to be the most important milestone for the future (higher) production outlook for the analysts of Edison Research. Edison Research recently used this opportunity to raise its course aim for the Caledonia stock to 1.59 GBP.
News: Caledonia Q1-2016 production
Research: Edison Research raises target to 1.59 GBP

Rumors Corner:
Have 30 billion USD already flown back into the precious metals sector?

At the beginning of February we informed you that many big addresses applied to Canadian brokers for buying inventory of major precious metals stocks and also of mid-tier highflyers. At this time we picked up this rumor from the BMO Conference in Miami. Now, about two months later, it seems to be 100% confident that this rumor is true. There are a couple of numbers in the ring at the moment, how much money could have been flowed back into the sector already. These numbers fluctuate somewhere between 22 and 30 billion USD. The truth is always located somewhere in the middle, even though not every transaction is been revealed. Therefore it can be acted on the assumption that there already may have flown back 30 billion USD into the precious metals sector. Take notice that this means into precious metals stocks only! But how can this be appraised? If you have in mind that Barrick and Newmont alone have a market cap of over 30 billion USD, you can speak of a drop in the ocean. The ultimate run on precious metal stocks didn’t start, yet ….

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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, MAG Silver, Cyprium Mining, Inca One Gold, EnWave, Endeavour Silver.
Die Swiss Resource Capital AG hat mit folgenden, in dieser Ausgabe erwähnten Unternehmen IR-Beratungsverträge geschlossen: TerraX Minerals, MAG Silver, Cyprium Mining, Inca One Gold, EnWave, Endeavour Silver.

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